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Summarized Quarterly Data (Unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Summarized Quarterly Data (Unaudited)
Note 19. Summarized Quarterly Data (Unaudited)
 
Fiscal Year 2017 Quarters
 
1st
 
2nd
 
3rd
 
4th
 
Total(2)
 
(In thousands, except per share data)
Net sales
$
308,927

 
$
304,548

 
$
243,604

 
$
191,657

 
$
1,048,736

Gross profit
$
147,715

 
$
148,165

 
$
104,902

 
$
79,666

 
$
480,448

Net income (loss)
$
25,880

 
$
31,474

 
$
3,089

 
$
(18,776
)
 
$
41,667

Less: Net income attributable to non-controlling interests
$
191

 
$
31

 
$
29

 
$
610

 
$
861

Net income (loss) attributable to Callaway Golf Company
$
25,689

 
$
31,443

 
$
3,060

 
$
(19,386
)
 
$
40,806

Earnings (loss) per common share(1)
 
 
 
 
 
 
 
 
 
Basic
$
0.27

 
$
0.33

 
$
0.03

 
$
(0.20
)
 
$
0.43

Diluted
$
0.27

 
$
0.33

 
$
0.03

 
$
(0.20
)
 
$
0.42

 
Fiscal Year 2016 Quarters
 
1st
 
2nd
 
3rd
 
4th (2)
 
Total(2)
 
(In thousands, except per share data)
Net sales
$
274,053

 
$
245,594

 
$
187,850

 
$
163,695

 
$
871,192

Gross profit
$
132,392

 
$
110,633

 
$
78,875

 
$
63,111

 
$
385,011

Net income (loss)
$
38,390

 
$
34,105

 
$
(5,739
)
 
$
124,198

 
$
190,954

Less: Net income attributable to non-controlling interests
$
—

 
$
—

 
$
127

 
$
927

 
$
1,054

Net income (loss) attributable to Callaway Golf Company
$
38,390

 
$
34,105

 
$
(5,866
)
 
$
123,271

 
$
189,900

Earnings (loss) per common share(1)
 
 
 
 
 
 
 
 
 
Basic
$
0.41

 
$
0.36

 
$
(0.06
)
 
$
1.31

 
$
2.02

Diluted
$
0.40

 
$
0.36

 
$
(0.06
)
 
$
1.28

 
$
1.98

 
(1)
Earnings per share is computed individually for each of the quarters presented; therefore, the sum of the quarterly earnings per share may not necessarily equal the total for the year.
(2)
During the fourth quarter of 2016, the Company reversed a significant portion of the valuation allowance on its U.S. deferred tax assets. This resulted in a favorable impact to net income of $156,600,000 ($1.63 per share), partially offset by $15,974,000 ($0.16 per share) in income taxes that were retroactive for all of 2016 on the Company's U.S. business (see Note 10). In addition, net income for 2016 includes a $17,662,000 ($0.18 per share) pre-tax gain from the sale of approximately 10.0% of the Company's investment in Topgolf (see Note 7).