XML 20 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Net sales $ 1,048,736 $ 871,192 $ 843,794
Cost of sales 568,288 486,181 486,161
Gross profit 480,448 385,011 357,633
Selling expenses 270,890 235,556 228,910
General and administrative expenses 94,153 71,969 68,567
Research and development expenses 36,568 33,318 33,213
Total operating expenses 401,611 340,843 330,690
Income from operations 78,837 44,168 26,943
Interest income 454 621 388
Interest expense (4,365) (2,368) (8,733)
Gain on sale of investments in golf-related ventures 0 17,662 0
Other income (expense), net (6,871) (1,690) 1,465
Income before income taxes 68,055 58,393 20,063
Income tax provision (benefit) 26,388 (132,561) 5,495
Net income 41,667 190,954 14,568
Less: Net income attributable to non-controlling interests 861 1,054 0
Net income attributable to Callaway Golf Company $ 40,806 $ 189,900 $ 14,568
Earnings per common share:      
Basic (in dollars per share) $ 0.43 $ 2.02 $ 0.18
Diluted (in dollars per share) $ 0.42 $ 1.98 $ 0.17
Weighted-average common shares outstanding:      
Basic (in shares) 94,329 94,045 83,116
Diluted (in shares) 96,577 95,845 84,611
Dividends paid per common share (in dollars per share) $ 0.04 $ 0.04 $ 0.04