Acushnet (GOLF) 10-Q 8 Dec 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Acushnet Holdings Corp.
Entity Central Index Key	1,672,013
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Common stock outstanding		74,093,598

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets
Cash ($12,796 and $10,029 attributable to the variable interest entity ("VIE"))	$ 85,673	$ 54,409
Restricted cash	3,195	4,725
Accounts receivable, net	208,285	192,384
Inventories ($11,573 and $15,755 attributable to the VIE)	298,824	326,359
Other assets	80,435	93,646
Total current assets	676,412	671,523
Property, plant and equipment, net ($10,749 and $11,147 attributable to the VIE)	242,343	254,894
Goodwill ($32,312 and $32,312 attributable to the VIE)	185,005	181,179
Identifiable intangible assets, net	492,792	499,494
Deferred income taxes	117,236	132,265
Other assets ($2,704 and $2,738 attributable to the VIE)	24,852	19,618
Total assets	1,738,640	1,758,973
Liabilities and equity
Short-term Debt	27,581	441,704
Accounts payable ($7,700 and $10,250 attributable to the VIE)	89,530	89,869
Payables to related parties	4,544	12,570
Accrued taxes	28,102	29,432
Accrued compensation and benefits ($795 and $1,035 attributable to the VIE)	228,186	111,390
Accrued expenses and other liabilities ($3,385 and $4,516 attributable to the VIE)	81,185	70,626
Total current liabilities	459,128	755,591
Total long-term debt and capital lease obligations	720,700	394,511
Deferred income taxes	6,404	7,112
Accrued Equity Appreciation Rights Non Current		145,384
Accrued pension and other postretirement benefits	110,049	119,549
Other noncurrent liabilities ($2,869 and $2,841 attributable to the VIE)	20,844	12,284
Total liabilities	1,317,125	1,434,431
Series A redeemable convertible preferred stock, $.001 par value, 1,838,027 shares authorized at September 30, 2016 and December 31, 2015; 1,838,027 shares issued and outstanding at September 30, 2016 and December 31, 2015 actual; liquidation preference of $187,277,326 at September 30, 2016; no shares issued or outstanding, pro forma as of September 30, 2016	131,036	131,036
Equity
Common stock, $.001 par value, 78,193,494 shares authorized at September 30, 2016 and December 31, 2015; 24,926,535 shares issued and outstanding at September 30, 2016 and 21,821,256 shares issued and outstanding at December 31, 2015 actual; 74,093,598 shares issued and outstanding, pro forma as of September 30, 2016	25	22
Additional paid-in capital	379,729	309,110
Accumulated other comprehensive loss, net of tax	(73,001)	(67,234)
Retained deficit	(49,606)	(81,647)
Total equity attributable to Acushnet Holdings Corp.	257,147	160,251
Noncontrolling interests	33,332	33,255
Total equity	290,479	193,506
Total liabilities and equity	1,738,640	$ 1,758,973
Pro forma
Assets
Cash ($12,796 and $10,029 attributable to the variable interest entity ("VIE"))	81,129
Restricted cash	3,195
Accounts receivable, net	208,285
Inventories ($11,573 and $15,755 attributable to the VIE)	298,824
Other assets	80,435
Total current assets	671,868
Property, plant and equipment, net ($10,749 and $11,147 attributable to the VIE)	242,343
Goodwill ($32,312 and $32,312 attributable to the VIE)	185,005
Identifiable intangible assets, net	492,792
Deferred income taxes	117,236
Other assets ($2,704 and $2,738 attributable to the VIE)	24,852
Total assets	1,734,096
Liabilities and equity
Short-term Debt	27,581
Accounts payable ($7,700 and $10,250 attributable to the VIE)	89,530
Accrued taxes	28,102
Accrued compensation and benefits ($795 and $1,035 attributable to the VIE)	228,186
Accrued expenses and other liabilities ($3,385 and $4,516 attributable to the VIE)	81,185
Total current liabilities	454,584
Total long-term debt and capital lease obligations	358,211
Deferred income taxes	6,404
Accrued pension and other postretirement benefits	110,049
Other noncurrent liabilities ($2,869 and $2,841 attributable to the VIE)	20,844
Total liabilities	950,092
Equity
Common stock, $.001 par value, 78,193,494 shares authorized at September 30, 2016 and December 31, 2015; 24,926,535 shares issued and outstanding at September 30, 2016 and 21,821,256 shares issued and outstanding at December 31, 2015 actual; 74,093,598 shares issued and outstanding, pro forma as of September 30, 2016	74
Additional paid-in capital	873,205
Accumulated other comprehensive loss, net of tax	(73,001)
Retained deficit	(49,606)
Total equity attributable to Acushnet Holdings Corp.	750,672
Noncontrolling interests	33,332
Total equity	784,004
Total liabilities and equity	$ 1,734,096

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Cash and cash equivalents	$ 85,673	$ 54,409
Inventories	298,824	326,359
Property, plant and equipment, net	242,343	254,894
Goodwill	185,005	181,179
Accounts payable	89,530	89,869
Accrued compensation and benefits	228,186	111,390
Accrued expenses and other liabilities	81,185	70,626
Accrued pension and other postretirement benefits	110,049	119,549
Other noncurrent liabilities	$ 20,844	$ 12,284
Series A Redeemable convertible preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Series A Redeemable common stock, shares authorized	1,838,027	1,838,027
Series A Redeemable convertible preferred stock, shares issued	1,838,027	1,838,027
Series A Redeemable convertible preferred stock, shares outstanding	1,838,027	1,838,027
Series A Redeemable convertible preferred stock, liquidation value (in dollars)	$ 187,277
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	78,193,494	78,193,494
Common stock, shares issued	24,926,535	21,821,256
Common stock, shares outstanding	24,926,535	21,821,256
Pro forma
Cash and cash equivalents	$ 81,129
Inventories	298,824
Property, plant and equipment, net	242,343
Goodwill	185,005
Accounts payable	89,530
Accrued compensation and benefits	228,186
Accrued expenses and other liabilities	81,185
Accrued pension and other postretirement benefits	110,049
Other noncurrent liabilities	$ 20,844
Series A Redeemable convertible preferred stock, shares issued	0
Series A Redeemable convertible preferred stock, shares outstanding	0
Common stock, shares issued	74,093,598
Common stock, shares outstanding	74,093,598
VIE
Cash and cash equivalents	$ 12,796	$ 10,029
Inventories	11,573	15,755
Property, plant and equipment, net	10,749	11,147
Goodwill	32,312	32,312
Other assets	2,704	2,738
Accounts payable	7,700	10,250
Accrued compensation and benefits	795	1,035
Accrued expenses and other liabilities	3,385	4,516
Accrued pension and other postretirement benefits	1,960	2,303
Other noncurrent liabilities	$ 2,869	$ 2,841

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS
Net sales	$ 332,353	$ 319,868	$ 1,235,348	$ 1,182,742
Cost of goods sold	170,369	162,528	614,123	572,457
Gross Profit, Total	161,984	157,340	621,225	610,285
Operating expenses
Selling, general and administrative	139,063	144,246	445,834	457,253
Research and development	12,473	11,395	35,296	34,023
Intangible amortization	1,654	1,653	4,957	4,966
Restructuring charges	174		816
Income from operations	8,620	46	134,322	114,043
Interest expense, net	15,672	17,563	44,076	48,093
Other (income) expense, net	(2,449)	54	1,389	9,988
Income (loss) before income taxes	(4,603)	(17,571)	88,857	55,962
Income tax (benefit) expense	440	(4,273)	39,878	32,646
Net income (loss)	(5,043)	(13,298)	48,979	23,316
Less: Net income attributable to noncontrolling interests	(1,124)	(689)	(3,077)	(3,847)
Net income (loss) attributable to Acushnet Holdings Corp.	(6,167)	(13,987)	45,902	19,469
Accruing of cumulative dividends	(3,465)	(3,437)	(10,320)	(10,311)
Allocation of undistributed earnings to preferred shareholders			(15,071)	(4,231)
Net income (loss) attributable to common shareholders - basic	(9,632)	(17,424)	20,511	4,927
Adjustments to net income for dilutive securities			17,046
Net income (loss) attributable to common shareholders - diluted	$ (9,632)	$ (17,424)	$ 37,557	$ 4,927
Net income (loss) per common share attributable to Acushnet Holdings Corp.:
Basic	$ (0.40)	$ (0.84)	$ 0.91	$ 0.26
Diluted	$ (0.40)	$ (0.84)	$ 0.68	$ 0.25
Weighted average number of common shares:
Basic	23,880,191	20,678,237	22,512,577	19,268,395
Diluted	23,880,191	20,678,237	55,203,829	19,334,325

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
CONSOLIDATED AND COMBINED STATEMENTS OF COMPREHENSIVE INCOME
Net income (loss)	$ (5,043)	$ (13,298)	$ 48,979	$ 23,316
Other comprehensive income (loss)
Foreign currency translation adjustments	1,943	(7,800)	14,124	(14,131)
Foreign exchange derivative instruments
Unrealized holding gains (losses) arising during period	(1,549)	(1,435)	(25,174)	5,009
Reclassification adjustments included in net income	583	(4,360)	(7,174)	(21,679)
Tax benefit	238	1,973	11,368	4,981
Foreign exchange derivative instruments, net	(728)	(3,822)	(20,980)	(11,689)
Available-for-sale securities
Unrealized holding gains (losses) arising during period	358	(587)	210	(769)
Tax benefit (expense)	(135)	187	(79)	253
Available-for-sale securities, net	223	(400)	131	(516)
Pension and other postretirement benefits adjustments
Net gain (loss) arising during period	(209)	2,032	964	545
Tax benefit (expense)	120	(578)	(6)	(68)
Pension and other postretirement benefits adjustments, net	(89)	1,454	958	477
Total other comprehensive income (loss)	1,349	(10,568)	(5,767)	(25,859)
Comprehensive income (loss)	(3,694)	(23,866)	43,212	(2,543)
Less: Comprehensive income attributable to noncontrolling interests	(1,124)	(689)	(3,077)	(3,847)
Comprehensive income (loss) attributable to Acushnet Holdings Corp.	$ (4,818)	$ (24,555)	$ 40,135	$ (6,390)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net income (loss)	$ 48,979	$ 23,316
Adjustments to reconcile net income to cash provided by operating activities
Depreciation and amortization	30,553	31,566
Unrealized foreign exchange gain (loss)	(1,069)	2,790
Amortization of debt issuance costs	3,036	4,224
Amortization of discount on bonds payable	3,963	4,017
Change in fair value of common stock warrants	6,112	14,535
Share-based compensation	7,123	2,033
Loss on disposals of property, plant and equipment	82	32
Deferred income taxes	25,958	15,765
Changes in operating assets and liabilities
Accounts receivable	(5,702)	(12,528)
Inventories	32,123	(820)
Accounts payable	(387)	(5,622)
Accrued taxes	(1,872)	(1,044)
Accrued expenses and other liabilities	132,355	13,689
Other assets	3,793	(9,758)
Other noncurrent liabilities	(154,993)	36,099
Interest due to related parties	(8,026)	(8,508)
Cash flows provided by operating activities	122,028	109,786
Cash flows from investing activities
Additions to property, plant and equipment	(13,502)	(15,267)
Change in restricted cash	1,702	1,364
Cash flows used in investing activities	(11,800)	(13,903)
Cash flows from financing activities
Decrease in short-term borrowings, net	(28,163)	(13,278)
Repayment of senior term loan facility	(30,000)
Proceeds from senior term loan facility	375,000
Repayment of secured floating rate notes	(375,000)
Proceeds from exercise of common stock warrants	34,503	34,503
Repayment of bonds	(34,503)	(34,503)
Debt issuance costs	(6,469)
Dividends paid on Series A redeemable convertible preferred stock	(13,861)	(13,747)
Dividends paid to noncontrolling interests	(3,000)	(1,800)
Cash flows used in financing activities	(81,493)	(28,825)
Effect of foreign exchange rate changes on cash	2,529	(2,241)
Net increase in cash	31,264	64,817
Cash, beginning of year	54,409	47,667
Cash, end of period	85,673	112,484
Supplemental information
Non-cash additions to property, plant and equipment	355	491
Non-cash conversion of common stock warrants	$ 28,996	$ 7,298

CONSOLIDATED STATEMENTS OF REDE

CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY (UNAUDITED) - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive loss	Retaimed Deficit	Noncontrolling Interest	Redeemable Convertible Preferred Stock	Total
Changes in stockholders' equity
Stockholders' Equity Attributable to Noncontrolling Interest					$ 33,255		$ 33,255
Balances at December 31, 2015 at Dec. 31, 2015						$ 131,036
Balances at December 31, 2015 (in shares) at Dec. 31, 2015						1,838	1,838,027
Balances at September 30, 2016 at Sep. 30, 2016						$ 131,036
Balances at September 30, 2016 (in shares) at Sep. 30, 2016						1,838	1,838,027
Balances at December 31, 2015 at Dec. 31, 2015	$ 22	$ 309,110	$ (67,234)	$ (81,647)			$ 160,251
Balances at December 31, 2015 (in shares) at Dec. 31, 2015	21,821
Changes in stockholders' equity
Stockholders' Equity Attributable to Noncontrolling Interest					33,255		33,255
Balances at December 31, 2015 at Dec. 31, 2015					33,255		33,255
Balances at December 31, 2015 at Dec. 31, 2015							193,506
Changes in stockholders' equity
Net income attributable to Acushnet Holdings Corp.				45,902	3,077		45,902
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest							48,979
Other comprehensive loss			(5,767)				(5,767)
Stock-based compensation expense		7,123					7,123
Issuance of common stock	$ 3	63,496					63,499
Issuance of common stock (in shares)	3,105
Dividends paid on Series A redeemable convertible preferred stock				(13,861)			(13,861)
Dividends paid to noncontrolling interests					(3,000)		(3,000)
Balances at September 30, 2016 at Sep. 30, 2016	$ 25	$ 379,729	$ (73,001)	$ (49,606)			257,147
Balances at September 30, 2016 (in shares) at Sep. 30, 2016	24,926
Balances at September 30, 2016 at Sep. 30, 2016					33,332		33,332
Balances at September 30, 2016 at Sep. 30, 2016							290,479
Changes in stockholders' equity
Stockholders' Equity Attributable to Noncontrolling Interest					$ 33,332		$ 33,332

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) and include the accounts of Acushnet Holdings Corp. (the “Company”), its wholly owned subsidiaries and a VIE in which the Company is the primary beneficiary. All significant intercompany balances and transactions have been eliminated in consolidation. Certain information in footnote disclosures normally included in annual financial statements has been condensed or omitted for the interim periods presented in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) and U.S. GAAP. In the opinion of management, the financial statements contain all normal and recurring adjustments necessary to state fairly the financial position and results of operations of the Company. The consolidated balance sheet as of December 31, 2015 is derived from the audited consolidated balance sheet for the year then ended. The results of operations for the nine months ended September 30, 2016 are not necessarily indicative of results to be expected for the full year ended December 31, 2016, nor were those of the comparable 2015 period representative of those actually experienced for the full year ended December 31, 2015. These unaudited interim consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes as of and for the year ended December 31, 2015 included in the Company’s prospectus, dated October 27, 2016, constituting part of the Company’s Registration Statement on Form S-1, as amended (Registration No. 333-212116), filed with the SEC on October 31, 2016. Acquisition Acushnet Holdings Corp. was incorporated in Delaware on May 9, 2011 as Alexandria Holdings Corp., an entity owned by Fila Korea Co., Ltd.(“Fila Korea”), a leading sport and leisure apparel and footwear company which is a public company listed on the Korea Exchange, and a consortium of investors (the “Financial Investors”) led by Mirae Asset Global Investments, a global investment management firm. Acushnet Holdings Corp. acquired Acushnet Company, our operating subsidiary, from Beam Suntory, Inc. (at the time known as Fortune Brands, Inc.) (“Beam”) on July 29, 2011 (the “Acquisition”). Stock Split On October 14, 2016, the Company effected a nine-for-one stock split of its issued and outstanding shares of common stock and a proportional adjustment to the existing conversion ratios for its 7.5% convertible notes due 2021 (“convertible notes”), Series A redeemable convertible preferred stock (“Series A preferred stock”), and the exercise price for the common stock warrants and the strike price of stock-based compensation. Accordingly, all share and per share amounts for all periods presented in the accompanying financial statements and notes thereto have been adjusted retroactively, where applicable, to reflect this stock split and adjustment of the common stock warrant exercise price, and convertible notes and redeemable convertible preferred stock conversion ratios. Initial Public Offering On November 2, 2016, the Company completed an initial public offering of 19,333,333 shares of its common stock sold by selling stockholders at a public offering price of $17.00 per share. Upon the closing of the Company’s initial public offering, all remaining outstanding shares of the Company’s Series A preferred stock were automatically converted into 11,556,495 shares of the Company’s common stock and the Company’s convertible notes were automatically converted into 22,791,852 shares of the Company’s common stock. The underwriters of the Company’s initial public offering exercised their over-allotment option to purchase an additional 2,899,999 shares of common stock from the selling stockholders at the initial public offering price of $17.00 per share. Automatic Conversion Following the pricing of the initial public offering, Magnus Holdings Co., Ltd. (“Magnus”), a wholly-owned subsidiary of Fila Korea, purchased from the Financial Investors on a pro rata basis 14,818,720 shares of the Company’s common stock, resulting in Magnus holding a controlling ownership interest of 53.1% of the Company’s outstanding common stock. The 14,818,720 shares of the Company’s common stock sold by the Financial Investors were received upon the automatic conversion of certain of the Company’s outstanding convertible notes (Note 5) and Series A preferred stock (Note 10). The remaining outstanding convertible notes and Series A preferred stock automatically converted into shares of the Company’s common stock prior to the closing of the initial public offering. Unaudited Pro Forma Financial Information The accompanying unaudited pro forma consolidated balance sheet as of September 30, 2016 has been prepared to give effect to the automatic conversion of all of the outstanding convertible notes into an aggregate of 32,624,820 shares of common stock, the payment in cash of accrued and unpaid interest of $4.5 million on the convertible notes and the automatic conversion of all of the outstanding shares of the Series A preferred stock into an aggregate of 16,542,243 shares of common stock as if the Company’s foregoing transactions had occurred on September 30, 2016. Use of Estimates The preparation of the Company’s consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and judgments that affect reported amounts of assets, liabilities, stockholders’ equity, net sales and expenses, and the disclosure of contingent assets and liabilities in its consolidated financial statements. Actual results could differ from those estimates. Variable Interest Entities VIEs are entities that, by design, either (i) lack sufficient equity to permit the entity to finance its activities independently, or (ii) have equity holders that do not have the power to direct the activities of the entity that most significantly impact its economic performance, the obligation to absorb the entity’s expected losses, or the right to receive the entity’s expected residual returns. The Company consolidates a VIE when it is the primary beneficiary, which is the party that has both (i) the power to direct the activities that most significantly impact the VIE’s economic performance and (ii) through its interests in the VIE, the obligation to absorb expected losses or the right to receive expected benefits from the VIE that could potentially be significant to the VIE. The Company consolidates the accounts of Acushnet Lionscore Limited, a VIE which is 40% owned by the Company. The sole purpose of the VIE is to manufacture the Company’s golf footwear and as such, the Company is deemed to be the primary beneficiary as defined by Accounting Standards Codification (“ASC”) 810. The Company has presented separately on its consolidated balance sheets, to the extent material, the assets of its consolidated VIE that can only be used to settle specific obligations of its consolidated VIE and the liabilities of its consolidated VIE for which creditors do not have recourse to its general credit. The general creditors of the VIE do not have recourse to the Company. Certain directors of the noncontrolling entities have guaranteed the credit lines of the VIE, for which there were no outstanding borrowings as of September 30, 2016 and December 31, 2015. In addition, pursuant to the terms of the agreement governing the VIE, the Company is not required to provide financial support to the VIE. Accounts Receivable As of September 30, 2016 and December 31, 2015, the allowance for doubtful accounts was $18.0 million and $12.4 million, respectively. Recently Adopted Accounting Standards Fair Value Measurement In May 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015‑07, “ Fair Value Measurement: Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share (or Its Equivalent) .” Under ASU 2015‑07 investments for which fair value is measured at net asset value per share (or its equivalent) using the practical expedient should not be categorized in the fair value hierarchy. ASU 2015‑07 is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The Company adopted the provisions of this standard during the nine months ended September 30, 2016. The retrospective adoption of this standard did not have a significant impact on the consolidated financial statements. Intangibles—Goodwill and Other—Internal‑Use Software In April 2015, the FASB issued ASU 2015‑05, “ Intangibles—Goodwill and Other—Internal‑Use Software: Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement .” ASU 2015‑05 provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. ASU 2015‑05 is effective for annual periods beginning after December 15, 2015, including interim periods within those fiscal years. The Company prospectively adopted the provisions of this standard during the nine months ended September 30, 2016. The adoption of this standard did not have a significant impact on the consolidated financial statements. Consolidation: Amendments to the Consolidation Analysis In February 2015, the FASB issued ASU 2015‑02, “ Consolidation: Amendments to Consolidation Analysis .” ASU 2015‑02 places more emphasis on risk of loss when determining controlling interest, reduces the frequency of the application of related‑party guidance when determining controlling financial interest in a VIE and changes consolidation conclusions for companies in several industries. ASU 2015‑02 is effective for reporting periods beginning after December 15, 2015, with early adoption permitted. The Company retrospectively adopted the provisions of this standard during the nine months ended September 30, 2016. The retrospective adoption of this standard did not have a significant impact on the consolidated financial statements. Recently Issued Accounting Standards Statement of Cash Flows — Restricted Cash In November 2016, the FASB issued ASU 2016‑18, “ Statement of Cash Flows: Restricted Cash. ” ASU 2016‑18 requires that amounts generally described as restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016‑18 is effective for annual periods beginning after December 15, 2017, and interim periods within those fiscal years. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The adoption of this standard is not expected to have a significant impact on the consolidated financial statements. Consolidation — Interest Held Through Related Parties In October 2016, the FASB issued ASU 2016‑17, “ Consolidation: Interests Held through Related Parties that are under Common Control. ” ASU 2016‑17 changes the evaluation of whether a reporting entity is the primary beneficiary of a VIE by changing how a reporting entity that is a single decision maker of a VIE treats indirect interests in the entity held through related parties that are under common control with the reporting entity. ASU 2016‑17 is effective for annual periods beginning after December 15, 2016, and interim periods within those fiscal years. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The adoption of this standard is not expected to have a significant impact on the consolidated financial statements. Income Taxes In October 2016, the FASB issued ASU 2016‑16, “ Income Taxes: Intra-Entity Transfers of Assets other than Inventory. ” ASU 2016-16 requires that entities recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently evaluating this standard to determine the impact of its adoption on the consolidated financial statements. Statement of Cash Flows In August 2016, the FASB issued ASU 2016‑15, “ Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments ” to address diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently evaluating this standard to determine the impact of its adoption on the consolidated financial statements. Revenue from Contracts with Customers In May 2016, the FASB issued ASU 2016‑12, “ Revenue from Contracts with Customers: Narrow‑Scope Improvements and Practical Expedients.” ASU 2016‑12 addresses narrow‑scope improvements to the guidance on collectability, noncash consideration and completed contracts at transition and provides a practical expedient for contract modifications and an accounting policy election related to the presentation of sales taxes and other similar taxes collected from customers. In March 2016, the FASB issued ASU 2016‑08, “ Revenue from Contracts with Customers: Principal versus Agent Considerations ” clarifying the implementation guidance on principal versus agent considerations. In August 2015, the FASB issued ASU 2015‑14, “ Revenue from Contracts with Customers: Deferral of the Effective Date .” deferring the adoption of previously issued guidance published in May 2014, ASU 2014‑09, “ Revenue from Contracts with Customers.” ASU 2014‑09 amends revenue recognition guidance and requires more detailed disclosures to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2016‑08 and 2015‑14 are effective for reporting periods beginning after December 15, 2017, including interim periods within those fiscal years. The new standard permits the use of either the retrospective or modified retrospective approach on adoption. The Company is currently evaluating this standard to determine the impact of its adoption on the consolidated financial statements. Compensation—Stock Compensation In March 2016, the FASB issued ASU 2016‑09, “ Compensation—Stock Compensation: Improvements to Employee Share‑Based Payment Accounting” to simplify accounting for employee share‑based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2016, including interim periods within those fiscal years. The adoption of this standard is not expected to have a significant impact on the consolidated financial statements. Leases In February 2016, the FASB issued ASU 2016‑02, “Leases”, which will require lessees to recognize right‑of‑use assets and lease liabilities for leases which were formerly classified as operating leases. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating this standard to determine the impact of its adoption on the consolidated financial statements. Presentation of Financial Statements—Going Concern In August 2014, the FASB issued ASU 2014‑15, “ Presentation of Financial Statements—Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. ” ASU 2014‑15 requires management to evaluate whether there is substantial doubt about a company’s ability to continue as a going concern within one year from the date the financial statements are issued and to provide related footnote disclosures as appropriate. ASU 2014‑15 is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The adoption of this standard is not expected to have a significant impact on the consolidated financial statements.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2016
Inventories
Inventories	2. Inventories Inventories are valued at the lower of cost and net realizable value. Cost is determined using the first‑in, first‑out inventory method. The inventory balance, which includes material, labor and manufacturing overhead costs, is recorded net of an estimated allowance for obsolete or slow moving inventory. The components of inventories were as follows: (in thousands) September 30, December 31, 2016 2015 Raw materials and supplies $ $ Work-in-process Finished goods Inventories $ $

Product Warranty

Product Warranty	9 Months Ended
	Sep. 30, 2016
Product Warranty
Product Warranty	3. Product Warranty The Company has defined warranties ranging from one to two years. Products covered by the defined warranty policies include all Titleist golf products, FootJoy golf shoes, and FootJoy golf outerwear. The estimated cost of satisfying future warranty claims is accrued at the time the sale is recorded. In estimating future warranty obligations, the Company considers various factors, including its warranty policies and practices, the historical frequency of claims, and the cost to replace or repair products under warranty. The activity related to the Company’s warranty obligation for accrued warranty expense was as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Balance at beginning of period $ $ $ $ Provision Claims paid/costs incurred Foreign currency translation Balance at end of period $ $ $ $

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2016
Related Party Transactions
Related Party Transactions	4. Related Party Transactions The Company has historically incurred interest expense payable to related parties on its outstanding convertible notes and bonds with common stock warrants (Note 5). Related party interest expense totaled $10.8 million and $11.3 million for the three months ended September 30, 2016 and 2015 respectively and $25.9 million and $27.8 million for the nine months ended September 30, 2016 and 2015, respectively.

Debt and Financing Arrangements

Debt and Financing Arrangements	9 Months Ended
	Sep. 30, 2016
Debt and Financing Arrangements
Debt and Financing Arrangements	5. Debt and Financing Arrangements The Company’s debt and capital lease obligations were as follows: September 30, December 31, (in thousands) 2016 2015 Term loan $ $ - Secured floating rate notes - Convertible notes Bonds with common stock warrants - Senior term loan facility - Senior revolving credit facility - Revolving credit facility - Other short-term borrowings - Capital lease obligations Total Less: Short-term debt Total long-term debt and capital lease obligations $ $ The term loan is net of debt issuance costs of $3.4 million as of September 30, 2016.The secured floating rate notes are net of debt issuance costs of $2.2 million as of December 31, 2015. Senior Secured Credit Facility On April 27, 2016, the Company entered into a senior secured credit facilities agreement arranged by Wells Fargo Bank, National Association which provides for (i) a $275.0 million multi‑currency revolving credit facility, including a $20.0 million letter of credit sublimit, a $25.0 million swing line sublimit, a C$25.0 million sublimit for Acushnet Canada, Inc., a £20.0 million sublimit for Acushnet Europe Limited and an alternative currency sublimit of $100.0 million for borrowings in Canadian dollars, euros, pounds sterling and Japanese yen (“revolving credit facility”), (ii) a $375.0 million term loan A facility and (iii) a $100.0 million delayed draw term loan A facility. The revolving and term loan facilities mature on July 28, 2021 and the delayed draw term loan A facility expires on July 28, 2017 if not drawn. The credit agreement allows for the incurrence of additional term loans or increases in the revolving credit facility in an aggregate principal amount not to exceed (i) $200.0 million plus (ii) an unlimited amount so long as the net average secured leverage ratio (as defined in the credit agreement) does not exceed 2.00:1.00 on a pro forma basis. The applicable interest rate for the Canadian borrowings under the senior secured credit facility is based on CDOR plus a margin ranging from 1.25% to 2.00% depending on the Net Average Total Leverage Ratio as defined in the credit agreement. The applicable interest for the swing line sublimit is the highest of (a) Federal Funds Rate plus 0.50%, (b) the Prime Rate and (c) the one month LIBOR rate plus 1.00% plus a margin ranging from 0.25% to 1.00% depending on the Net Average Total Leverage Ratio as defined in the credit agreement. The applicable interest rate for all remaining borrowings under the senior secured credit facilities is LIBOR plus a margin ranging from 1.25% to 2.00% depending on the Net Average Total Leverage Ratio as defined in the credit agreement or the highest of (a) Federal Funds Rate plus 0.50%, (b) the Prime Rate and (c) the one month LIBOR rate plus 1.00% plus a margin ranging from 0.25%.to 1.00% depending on the Net Average Total Leverage Ratio as defined in the credit agreement. The credit agreement contains customary affirmative and restrictive covenants, including, among others, financial covenants based on the Company’s leverage and interest coverage ratios. The credit agreement includes customary events of default, the occurrence of which, following any applicable cure period, would permit the lenders to, among other things, declare the principal, accrued interest and other obligations to be immediately due and payable. The credit agreement was signed and became effective on April 27, 2016 and initial funding under the credit agreement occurred on July 28, 2016. The proceeds of the $375.0 million term loan A facility, borrowings of C$4.0 million (equivalent to approximately $3.0 million) under the revolving credit facility and cash on hand of $23.6 million were used to repay all amounts outstanding under the secured floating rate notes and certain former working credit facilities. The secured floating rate notes, certain former working credit facilities and the former senior revolving credit facility were terminated. The Company recorded interest expense related to the term loan facility, including the amortization of debt issuance costs, of $1.9 million during the three and nine months ended September 30, 2016. The Company recorded interest expense related to the revolving credit facility of $0.4 million during the three and nine months ended September 30, 2016. Convertible Notes In 2011 and 2012, the Company issued convertible notes with an aggregate principal amount of $362.5 million to shareholders. The convertible notes bore interest at a rate of 7.5% per annum, which was payable in cash semi‑annually in arrears on February 1 and August 1. The notes matured upon the earlier of July 29, 2021 or the election of the holder upon a change in control, as defined in the securities purchase agreements governing the notes. Amounts due under the convertible notes could only be repaid upon maturity or upon a change in control. On March 11, 2013, the Company received approval from the holders of the convertible notes to defer any interest payments due after August 1, 2013 and prior to February 1, 2016 pursuant to the covenants imposed by the secured floating rate notes and the senior revolving and term loan facilities. The notes were convertible at the option of the holder at any time prior to maturity into a number of shares of the Company’s common stock determined by dividing the aggregate outstanding unpaid principal amount of the note by the conversion price of $11.11 per share. The conversion price was subject to adjustment if additional shares of common stock were sold subsequent to the issuance of the convertible notes at a price per common share that was lower than $11.11 per share or upon a subdivision of the outstanding shares of the Company’s common stock. Transfer of the notes to any party, including an affiliate of the noteholder, required prior written consent of the other noteholders and Fila Korea. On May 6, 2016, the Company and each of the holders of the convertible notes entered into an agreement requiring the mandatory conversion of the convertible notes into fully paid and nonassessable shares of the Company’s common stock upon the closing of an initial public offering. This agreement was amended on September 5, 2016 to provide for the automatic conversion of a portion of the outstanding convertible notes in connection with the sale of shares of the Company’s common stock by the holders of the convertible notes to Magnus. The automatic conversion of all outstanding convertible notes occurred prior to the closing of the Company’s initial public offering. Upon conversion, all accrued but unpaid interest on the principal of the convertible notes was paid to each holder of the convertible notes. The Company recorded interest expense related to the convertible notes of $6.9 million during the three months ended September 30, 2016 and 2015, respectively and $20.4 million and $20.3 million during the nine months ended September 30, 2016 and 2015, respectively. Bonds with Common Stock Warrants In 2011 and 2012, the Company issued bonds with an aggregate principal amount of $172.5 million to shareholders. The bonds bore interest at a rate of 7.5% per annum, which was payable in cash semi‑annually in arrears on February 1 and August 1. The bonds matured upon the earlier of July 29, 2021 or the election of the holder upon a change of control, as defined in the securities purchase agreement governing the bonds. Amounts due under the bonds could only be repaid upon maturity, a change of control, a holder electing to exercise common stock warrants by net settling their bonds or an exercise of common stock warrants by Fila Korea. In connection with the issuance of these bonds, the Company issued common stock warrants for the purchase of 15,526,431 shares of the Company’s common stock, at an exercise price of $11.11 per share. The exercise price was subject to adjustment if additional shares of common stock were sold subsequent to the issuance of the bonds at a price per common share that was lower than $11.11 per share or upon a subdivision of the outstanding shares of the Company’s common stock. The common stock warrant exercise price could be settled with cash or through tender of an aggregate outstanding principal amount of the bonds and accrued but unpaid interest equal to the exercise price of the common stock warrants. The common stock warrants were detachable and transferrable by the holders only to Fila Korea or its designee at a price equal to the interest accrued on the underlying bonds at the rate of 4.0% per annum calculated on an annual compounded basis. The shareholders agreement provided Fila Korea with a call option to purchase all of the outstanding common stock warrants held by holders of the bonds in annual installments of 3,105,288 common stock warrants over a five year period beginning July 29, 2012. Fila Korea was required to exercise the common stock warrants within 10 days of the transfer. The exercise of the common stock warrants by Fila Korea triggered the Company to redeem a pro rata share of the bonds payable by using the proceeds received from the exercise of the common stock warrants by Fila Korea. In July 2016, Fila Korea exercised its final annual call option to purchase 3,105,279 common stock warrants held by the holders of the bonds and exercised such warrants at the exercise price of $11.11 per share. This resulted in proceeds to the Company of $34.5 million which the Company used to repay the outstanding indebtedness under the bonds of $34.5 million. A discount of $19.9 million relating to the issuance‑date fair value of the common stock warrants was recorded on the issuance date of the bonds and was accreted to interest expense until the maturity date of the bonds. The unamortized discount was $4.0 million as of December 31, 2015. The Company recorded interest expense related to the bonds, including the amortization of the discount, of $3.9 million and $4.4 million during the three months ended September 30, 2016 and 2015, respectively. The Company recorded interest expense related to the bonds, including the amortization of the discount, of $5.5 million and $7.5 million during the nine months ended September 30, 2016 and 2015, respectively. Secured Floating Rate Notes In October 2011, the Company issued secured floating rate notes with Korea Development Bank in an aggregate principal amount of $500.0 million, which matured on July 29, 2016. The notes bore interest at a rate equal to three‑month LIBOR plus a margin of 3.75%, which was required to be paid quarterly in arrears on January 31, April 30, July 31 and October 31. The notes were issued in separate classes with maturity dates ranging from October 2013 to July 2016. Pursuant to an amended and restated pledge and security agreement dated October 31, 2011, the secured floating rate notes were secured by certain assets, including inventory, accounts receivable, fixed assets and intangible assets of the Company, and a second priority security interest in the shares of certain Fila Korea entities, trademarks and bank accounts. In October 2013, the Company issued secured floating rate notes with Korea Development Bank in an aggregate principal amount of $125.0 million, which matured on July 29, 2016. Proceeds from the issuance of the notes were used, along with existing cash on hand, to repay $150.0 million of the secured floating rate notes issued in October 2011. The notes bore interest at a rate equal to three‑month LIBOR plus a margin of 3.75%, which was required to be paid quarterly in arrears on January 31, April 30, July 31 and October 31. The Company incurred $13.2 million of issuance costs in connection with the original issuance of $500.0 million secured floating rate notes. In addition, the Company incurred $3.3 million of issuance costs in connection with the issuance of $125.0 million secured floating rate notes during the year ended December 31, 2013. Of the $3.3 million, $1.0 million was immediately recorded as interest expense and $2.3 million was capitalized as debt issuance costs. On July 28, 2016, the outstanding borrowings under the secured floating rate notes were repaid in full using the proceeds from the senior secured credit facility and the secured floating rate notes were terminated. The Company recorded interest expense related to the secured floating rate notes, including the amortization of debt issuance costs, of $2.1 million and $5.4 million during the three months ended September 30, 2016 and 2015, respectively. The Company recorded interest expense related to the secured floating rate notes, including the amortization of debt issuance costs, of $12.3 million and $15.8 million during the nine months ended September 30, 2016 and 2015, respectively. Senior Revolving and Term Loan Facilities In July 2011, the Company entered into a senior revolving facilities agreement with Korea Development Bank (“Senior Facility Agreement”), which provided for borrowings under a revolving credit facility of up to $50.0 million to be used for general corporate purposes (“Senior Revolving Facility”). The applicable interest rate for borrowings under the Senior Revolving Facility was LIBOR plus a margin of 3.25%. The Senior Facility Agreement required a commitment fee of 0.3% based on the average daily unused portion of the facility. On February 12, 2014, the Company amended its Senior Facility Agreement and simultaneously executed a joinder agreement with Wells Fargo N.A. to increase the borrowing capacity under the Senior Revolving Facility to $75.0 million. On December 24, 2014, the Company further amended the Senior Facility Agreement to increase the borrowing capacity under the Senior Revolving Facility to $95.0 million, which matured on July 29, 2016. This amendment also provided for borrowings under a senior term loan agreement with Korea Development Bank of $30.0 million (“Senior Term Loan”), which matured on July 29, 2016. The applicable interest rate for borrowings under the Senior Term Loan was three‑month LIBOR plus a margin of 2.63%, and was increased for any required withholding taxes. The Senior Facility Agreement required a commitment fee of 0.3% based on the average daily unused portion of the term loan. Upon entry into the amendment, the Company immediately borrowed the entire $30.0 million under the Senior Term Loan. There were no outstanding borrowings under the Senior Revolving Facility as of December 31, 2015. The Company recorded interest expense related to the Senior Revolving Facility, including unused commitment fees, of $0.1 million during each of the three months ended September 30, 2016 and 2015.The Company recorded interest expense related to the Senior Revolving Facility, including unused commitment fees, of $0.8 million and $0.7 million during the nine months ended September 30, 2016 and 2015, respectively. On June 30, 2016, the Company repaid all amounts outstanding under the Senior Term Loan facility and the facility was terminated. There were outstanding borrowings under the Senior Term Loan of $30.0 million as of December 31, 2015. As of December 31, 2015, the interest rate applicable to the outstanding borrowings under the Senior Term Loan facility was 3.26%. The Company recorded interest expense related to the Senior Term Loan of $0.4 million during the three months ended September 30, 2015. The Company recorded interest expense related to the Senior Term Loan of $0.7 million and $1.1 million during the nine months ended September 30, 2016 and 2015, respectively. Line of Credit Facility On February 5, 2016, the Company entered into a working capital facility agreement arranged by Wells Fargo Bank, National Association which provides for borrowings up to $30.0 million. The applicable interest rate for borrowings under the facility was daily one‑month LIBOR plus a margin of 2.50%. The facility required a commitment fee equal to 0.35% of the unused portion of the facility as of the preceding fiscal quarter. The working capital facility had an original maturity date of May 31, 2016, but was amended on May 18, 2016 to extend the maturity date to July 29, 2016. Working Credit Facility (Canada) In February 2013, the Company entered into a working credit facility agreement arranged by Wells Fargo N.A., Canadian Branch, which provided for borrowings of up to the lesser of (a) C$25 million or (b) the sum of 80% of eligible accounts receivable and 60% of eligible inventory. The working credit facility, as amended, matured on July 29, 2016. The applicable interest rate for borrowings under the facility for Canadian dollar borrowings was CDOR plus a margin of 2.0% or Canadian Prime Rate and for U.S. dollar borrowings was LIBOR plus a margin of 2.0% or U.S. Prime Rate. The facility required a commitment fee equal to 0.25% of the uncancelled and unutilized portion of the facility as of the preceding fiscal quarter. On July 28, 2016, the outstanding borrowings were repaid using the proceeds from the senior secured credit facility and cash on hand and the working credit facility (Canada) was terminated. There were no outstanding borrowings under the working credit facility (Canada) as of December 31, 2015. The Company recorded interest expense related to the working credit facility (Canada), including unused commitment fees, of less than $0.1 million during the three months ended September 30, 2016 and $0.1 million during the three months ended September 30, 2015. The Company recorded interest expense related to the working credit facility (Canada), including unused commitment fees, of $0.2 million during each of the nine months ended September 30, 2016 and 2015. Working Credit Facility (Europe) In April 2012, the Company entered into a working credit facility agreement arranged by Wells Fargo Capital Finance (UK) Limited, which provided for borrowings of up to the lesser of (a) £30.0 million or (b) the sum of 85% of eligible accounts receivable and 65% of eligible inventory, of which £5.0 million can be used for letters of credit. The working credit facility had an original maturity date of April 4, 2017. The applicable interest rate for borrowings under the facility was LIBOR plus a margin of 3.0%. The facility included a commitment fee of 0.375% on the average daily unused portion of the facility. The working credit facility was secured by the accounts receivable, inventory and cash collections of Acushnet Europe Limited, a wholly owned subsidiary of the Company. On July 28, 2016, the outstanding borrowings were repaid using cash on hand and the working credit facility (Europe) was terminated. There were no outstanding borrowings under the working credit facility (Europe) as of December 31, 2015. The Company recorded interest expense related to the working credit facility (Europe), including unused commitment fees, of $0.1 million during the three months ended September 30, 2016 and 2015, respectively. The Company recorded interest expense related to the working credit facility (Europe), including unused commitment fees, of $0.5 million during the nine months ended September 30, 2016 and 2015, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2016
Derivative Financial Instruments
Derivative Financial Instruments	6. Derivative Financial Instruments Common Stock Warrants The Company classifies warrants to purchase common stock as a liability on its consolidated balance sheet as the warrants are free‑standing financial instruments that may result in the issuance of a variable number of the Company’s common shares. The warrants were initially recorded at fair value on grant date, and are subsequently re‑measured to fair value at each reporting date. The Company will continue to adjust the liability until the earlier of exercise of the warrants or expiration of the warrants occurs. Common stock warrants are recorded at fair value (Note 7) and included in accrued expenses and other liabilities on the consolidated balance sheet. Changes in the fair value of the common stock warrants are recognized as other (income) expense, net on the consolidated statement of operations. On July 29, 2011, the Company issued bonds in the aggregate principal amount of $168.0 million and common stock warrants to purchase an aggregate of 15,120,000 shares of the Company’s common stock. On January 20, 2012, the Company issued $4.5 million of additional bonds and common stock warrants to purchase 406,431 shares of the Company’s common stock (Note 5). In July 2016, Fila Korea exercised its final annual call option to purchase 3,105,279 common stock warrants held by the holders of the bonds and exercised such warrants at the exercise price of $11.11 per share, or $34.5 million in the aggregate. The Company used the proceeds received from Fila Korea’s exercise of the common stock warrants to redeem the outstanding bonds payable. Foreign Exchange Derivative Instruments The Company principally uses financial instruments to reduce the impact of changes in foreign currency exchange rates. The principal derivative financial instruments the Company enters into on a routine basis are foreign exchange forward contracts. The Company does not enter into foreign exchange forward contracts for trading or speculative purposes. Foreign exchange contracts are primarily used to hedge purchases denominated in select foreign currencies, thereby limiting currency risk that would otherwise result from changes in exchange rates. The periods of the foreign exchange contracts correspond to the periods of the forecasted transactions, which do not exceed 24 months subsequent to the latest balance sheet date. The effective portions of cash flow hedges are reported in accumulated other comprehensive income (loss) and recognized in the consolidated statement of operations when the hedged item affects earnings. Changes in fair value of all economic hedge transactions are immediately recognized in current period earnings. The primary foreign currency hedge contracts pertain to the U.S. dollar, the Japanese yen, the British pound sterling, the Canadian dollar, the Korean won and the Euro. The gross U.S. dollar equivalent notional amount of all foreign currency derivative hedges outstanding as of September 30, 2016 was $353.6 million. The counterparties to derivative contracts are major financial institutions. The Company assesses credit risk of the counterparties on an ongoing basis. The fair values of foreign exchange derivative instruments on the consolidated balance sheets were as follows: Balance Sheet September 30, December 31, (in thousands) Location 2016 2015 Asset derivatives Other current assets $ $ Other noncurrent assets Liability derivatives Other current liabilities Other noncurrent liabilities The effect of foreign exchange derivative instruments on accumulated other comprehensive income (loss) and the consolidated statements of operations was as follows: Gain (Loss) Recognized in OCI Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Type of hedge Cash flow $ $ $ $ $ $ $ $ Gain (Loss) Recognized in Gain (Loss) Recognized in Statement of Operations Statement of Operations Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Location of gain (loss) in statement of operations Cost of goods sold $ $ $ $ Selling, general and administrative expense $ $ $ $ Based on the current valuation, the Company expects to reclassify a net loss of $13.2 million from accumulated other comprehensive income (loss) into cost of goods sold during the next 12 months.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2016
Fair Value Measurements
Fair Value Measurements	7. Fair Value Measurements Certain assets and liabilities are carried at fair value under U.S. GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. Assets and liabilities measured at fair value on a recurring basis were as follows: Fair Value Measurements as of September 30, 2016 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ $ - $ - Other current assets Foreign exchange derivative instruments - - Other current assets Rabbi trust - - Other noncurrent assets Deferred compensation program assets - - Other noncurrent assets Foreign exchange derivative instruments - - Other noncurrent assets Total assets $ $ $ - Liabilities Foreign exchange derivative instruments $ - $ $ - Other current liabilities Deferred compensation program liabilities - - Other noncurrent liabilities Foreign exchange derivative instruments - - Other noncurrent liabilities Total liabilities $ $ $ - Fair Value Measurements as of December 31, 2015 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ $ - $ - Other current assets Foreign exchange derivative instruments - - Other current assets Rabbi trust - - Other noncurrent assets Deferred compensation program assets - - Other noncurrent assets Foreign exchange derivative instruments - - Other noncurrent assets Total assets $ $ $ - Liabilities Foreign exchange derivative instruments $ - $ $ - Other current liabilities Common stock warrants - - Other current liabilities Deferred compensation program liabilities - - Other noncurrent liabilities Foreign exchange derivative instruments - - Other noncurrent liabilities Total liabilities $ $ $ During the nine months ended September 30, 2016 and the year ended December 31, 2015, there were no transfers between Level 1, Level 2 and Level 3. Rabbi trust assets are used to fund certain retirement obligations of the Company. The assets underlying the Rabbi trust are equity and fixed income exchange‑traded funds. Deferred compensation program assets and liabilities represent a program where select employees can defer compensation until termination of employment. Effective July 29, 2011, this program was amended to cease all employee compensation deferrals and provided for the distribution of all previously deferred employee compensation. The program remains in effect with respect to the value attributable to the employer match contributed prior to July 29, 2011. Foreign exchange derivative instruments are forward contracts used to hedge currency fluctuations for transactions denominated in a foreign currency. The Company uses the mid‑price of foreign exchange forward rates as of the close of business on the valuation date to value each foreign exchange forward contract at each reporting period. The Company categorizes the common stock warrants derivative liability as Level 3 as there are significant unobservable inputs used in the underlying valuations. The common stock warrants are valued using the contingent claims methodology. The change in Level 3 fair value measurements was as follows: September 30, December 31, (in thousands) 2016 2015 Balance at beginning of period $ $ Common stock warrant exercise Total losses included in earnings Balance at end of period $ - $

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	9 Months Ended
	Sep. 30, 2016
Pension and Other Postretirement Benefits
Pension and Other Postretirement Benefits	8. Pension and Other Postretirement Benefits Components of net periodic benefit cost were as follows: Pension Benefits Postretirement Benefits Three months ended September 30, (in thousands) 2016 2015 2016 2015 Components of net periodic benefit cost Service cost $ $ $ $ Interest cost Expected return on plan assets - - Curtailment gain - - - - Amortization of net (gain) loss Amortization of prior service cost (credit) - Net periodic benefit cost (credit) $ $ $ $ Pension Benefits Postretirement Benefits Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Components of net periodic benefit cost Service cost $ $ $ $ Interest cost Expected return on plan assets - - Amortization of net (gain) loss Amortization of prior service cost (credit) - Net periodic benefit cost $ $ $ $

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2016
Income Taxes
Income Taxes	9. Income Taxes Income tax expense increased by $4.7 million, to $0.4 million for the three months ended September 30, 2016 compared to a benefit of $4.3 million for the three months ended September 30, 2015. The Company’s effective tax rate (“ETR”) was (9.6%) for the three months ended September 30, 2016, compared to 24.3% for the three months ended September 30, 2015. The decrease in ETR was primarily driven by an increase in indemnified tax obligations for periods prior to the Acquisition, offset by an increase in non-deductible transaction costs and changes to the geographic mix of earnings. Income tax expense increased by $7.2 million, or 22.2%, to $39.9 million for the nine months ended September 30, 2016 compared to $32.6 million for the nine months ended September 30, 2015. The Company’s ETR was 44.9% for the nine months ended September 30, 2016, compared to 58.3% for the nine months ended September 30, 2015. The decrease in ETR was primarily driven by a reduction of non-cash fair value losses on common stock warrants which are not tax effected, and a reduction in indemnified tax obligations for periods prior to the Acquisition, offset by an increase in non-deductible transactions costs and changes to the geographic mix of earnings.

Redeemable Convertible Preferre

Redeemable Convertible Preferred Stock	9 Months Ended
	Sep. 30, 2016
Redeemable Convertible Preferred Stock [Abstract]
Redeemable Convertible Preferred Stock	10. Redeemable Convertible Preferred Stock The Company has issued Series A preferred stock. As of September 30, 2016 and December 31, 2015, the Company's certificate of incorporation, as amended and restated, authorized the Company to issue 1,838,027 shares of $0.001 par value preferred stock. Given that certain redemption features of the Series A preferred stock are not solely within the control of the Company, the Series A preferred stock is classified outside of stockholders' equity. The Series A preferred stock is only redeemable upon a change of control or the completion of a qualified initial public offering. On May 6, 2016, the Company and each of the holders of the Series A preferred stock entered into an agreement requiring the mandatory conversion of the shares of the Series A preferred stock into fully paid and nonassessable shares of the Company’s common stock. This agreement was amended on September 5, 2016 to provide for the automatic conversion of a portion of the outstanding Series A preferred stock in connection with the sale of shares of the Company’s common stock by the holders of the Series A preferred stock to Magnus. This automatic conversion of all outstanding Series A preferred stock occurred prior to the closing of the Company’s initial public offering. Upon conversion, all accrued but unpaid dividends on the shares of the Series A preferred stock was paid to each holder of the shares of the Series A preferred stock.

Equity Incentive Plans

Equity Incentive Plans	9 Months Ended
	Sep. 30, 2016
Equity Incentive Plans
Equity Incentive Plans	11. Equity Incentive Plans The Company measures stock‑based awards granted to employees based on the fair value on the date of the grant and recognizes the corresponding compensation expense of those awards, net of estimated forfeitures, over the requisite service period, which is generally the vesting period of the respective award. The Company issues stock‑based awards to employees with service‑based vesting conditions and performance‑based vesting conditions. Compensation expense for awards with only service‑based vesting conditions is recorded using the straight‑line method. Compensation expense for awards with service‑based and performance‑based vesting conditions is recorded on a straight‑line method once the Company has determined that the likelihood of meeting the performance conditions is probable, which requires management judgment. The Company recognizes compensation expense for only the portion of awards that are expected to vest. In developing a forfeiture rate estimate, the Company has considered its historical experience to estimate pre‑vesting forfeitures for service‑based and performance‑based awards. The impact of a forfeiture rate adjustment will be recognized in full in the period of adjustment, and if the actual forfeiture rate is materially different from the Company’s estimate, the Company may be required to record adjustments to stock‑based compensation expense in future periods. On January 22, 2016, the Company’s board of directors adopted the Acushnet Holdings Corp. 2015 Omnibus Incentive Plan (‘‘2015 Plan’’) pursuant to which the Company may grant stock options, stock appreciation rights, restricted shares of common stock, restricted stock units, and other stock-based and cash-based awards to members of the board of directors, officers, employees, consultants and advisors of the Company. The 2015 Plan was initially administered by the Company’s board of directors and as of the Company’s initial public offering, will be administered by the compensation committee (the board or compensation committee, as applicable, the ‘‘Administrator’’). The Administrator has the authority to establish the terms and conditions of any award issued or granted under the 2015 Plan. The exercise price per share of stock options may not be less than 100% of the fair market value of a share of common stock on the date of the grant and the term of the stock option may not be greater than ten years (except for incentive stock options granted to a 10% stockholder, which shall have an exercise price no less than 110% of the fair market value of the share of common stock on the date of the grant and a term not greater than five years). A total of 8,190,000 authorized shares of the Company’s common stock are reserved for issuance under the 2015 Plan. On June 15, 2016, the Company’s board of directors, in accordance with the 2015 Plan, approved a grant of multi‑year restricted stock units (“RSUs”) and performance stock units (“PSUs”) to certain key members of management. The initial fair value of the grant was estimated at $45.8 million. On August 9, 2016, the Company’s board of directors approved an additional grant of multi-year RSU’s and PSU’s to certain key members of management. The initial fair value of the grants was estimated at $3.8 million. The grants were made 50% in RSUs and 50% in PSUs. One‑third of the RSUs vest on January 1 of each of 2017, 2018 and 2019, subject to the employee’s continued employment with the Company, and the PSUs cliff‑vest on December 31, 2018, subject to the employee’s continued employment with the Company and the Company’s level of achievement of the applicable cumulative Adjusted EBITDA performance metrics (as defined in the applicable award agreements) measured over the three-year performance period. Each PSU reflects the right to receive between 0% and 200% of the target number of shares based on the actual three-year cumulative Adjusted EBITDA. The determination of the target value gave consideration to executive performance, potential future contributions and peer group analysis. The RSUs and PSUs contain the right, but not the obligation, for the Company to repurchase up to 100% of the common stock that was issued in settlement of vested RSUs and PSUs, following an award holder’s termination of employment for any reason. The repurchase right is at the sole discretion of the Company and can be exercised during the 60 day period following the first and second anniversary of any such termination of employment, provided that (i) no shares of common stock may be subject to repurchase unless they have been held by the award holder for at least six months and (ii) no repurchase right may be exercised upon or following the Company’s initial public offering. To date, the Company has not repurchased any shares issued in respect of restricted stock units or performance stock units. As of September 30, 2016, no RSUs or PSUs had vested. Remaining unrecognized compensation expense for non‑vested RSUs and non‑vested PSUs granted was $20.4 million and $22.0 million, respectively, as of September 30, 2016 and is expected to be recognized over the related weighted average period of 2.2 years. The Company deemed the achievement of the 100% target three‑year cumulative Adjusted EBITDA performance metric to be probable as of September 30, 2016. The Company will reassess the probability of achieving the three-year cumulative Adjusted EBITDA target at the end of each reporting period. The Company recorded compensation expense for the RSUs and PSUs of $3.8 million and $2.4 million, respectively, during the three months ended September 30, 2016 and compensation expense for the RSUs and PSUs of $4.4 million and $2.8 million, respectively, during the nine months ended September 30, 2016, the majority of which was included in selling, general and administrative expenses.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss), Net of Tax	9 Months Ended
	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax.
Accumulated Other Comprehensive Income (Loss), Net of Tax	12. Accumulated Other Comprehensive Income (Loss), Net of Tax Accumulated other comprehensive income (loss), net of tax consists of foreign currency translation adjustments, unrealized gains and losses from foreign exchange derivative instruments designated as cash flow hedges, unrealized gains and losses from available‑for‑sale securities and pension and other postretirement adjustments. The components of and changes in accumulated other comprehensive income (loss), net of tax, were as follows: Foreign Gains (Losses) on Gains on Pension and Accumulated Currency Foreign Exchange Available- Other Other Translation Derivative for-Sale Postretirement Comprehensive (in thousands) Adjustments Instruments Securities Adjustments Loss Balances at December 31, 2015 $ $ $ $ $ Other comprehensive income (loss) before reclassifications Amounts reclassified from accumulated other comprehensive loss - - Balances at September 30, 2016 $ $ $ $ $

Net Income per Common Share

Net Income per Common Share	9 Months Ended
	Sep. 30, 2016
Net Income per Common Share
Net Income per Common Share	13. Net Income per Common Share The following is a computation of basic and diluted net income per common share attributable to Acushnet Holdings Corp. under the two‑class method: Three Months Ended Nine Months Ended September 30, September 30, (in thousands, except share and per share amounts) 2016 2015 2016 2015 Net income (loss) attributable to Acushnet Holdings Corp. $ $ $ $ Less: dividends paid on redeemable convertible preferred stock Less: accruing of cumulative dividends Less: allocation of undistributed earnings to preferred shareholders - - Net income (loss) attributable to common stockholders - basic Adjustments to net income for dilutive securities - - - Net income (loss) attributable to common stockholders - diluted $ $ $ $ Weighted average number of common shares: Basic Diluted Net income (loss) per common share attributable to Acushnet Holdings Corp.: Basic $ $ $ $ Diluted $ $ $ $ The Company’s potential dilutive securities for the nine months ended September 30, 2016, include Series A preferred stock, RSUs, PSUs, and convertible notes. For the nine months ended September 30, 2015 the Company’s potential dilutive securities include Series A preferred stock, stock options, warrants to purchase common stock and convertible notes. The following securities have been excluded from the calculation of diluted weighted‑average common shares outstanding as their impact was determined to be anti‑dilutive: Nine Months Ended September 30, 2016 2015 Series A preferred stock Warrants to purchase common stock - Convertible notes -

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2016
Segment Information
Segment Information	14. Segment Information The Company’s operating segments are based on how the Chief Operating Decision Maker (“CODM”) makes decisions about assessing performance and allocating resources. The Company has four reportable segments that are organized on the basis of product categories. These segments include Titleist golf balls, Titleist golf clubs, Titleist golf gear and FootJoy golf wear. The CODM primarily evaluates performance using segment operating income. Segment operating income includes directly attributable expenses and certain shared costs of corporate administration that are allocated to the reportable segments, but excludes interest expense, net; EAR expense; gains and losses on the fair value of common stock warrants and other non‑operating gains and losses as the Company does not allocate these to the reportable segments. The CODM does not evaluate a measure of assets when assessing performance. Results shown for the three and nine months ended September 30, 2016 are not necessarily those which would be achieved if each segment was an unaffiliated business enterprise. There are no intersegment transactions. Information by reportable segment and a reconciliation to reported amounts are as follows: (in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Net sales Titleist golf balls $ $ $ $ Titleist golf clubs Titleist golf gear FootJoy golf wear Other Total net sales $ $ $ $ Segment operating income Titleist golf balls $ $ $ $ Titleist golf clubs Titleist golf gear FootJoy golf wear Other Total segment operating income Reconciling items: Interest expense, net EAR expense Loss on fair value of common stock warrants - Other Total income (loss) before income tax $ $ $ $

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies
Commitments and Contingencies	15. Commitments and Contingencies Purchase Obligations During the normal course of its business, the Company enters into agreements to purchase goods and services, including purchase commitments for production materials, finished goods inventory, capital expenditures and endorsement arrangements with professional golfers. The reported amounts exclude those liabilities included in accounts payable or accrued liabilities on the consolidated balance sheet as of September 30, 2016. Purchase obligations by the Company as of September 30, 2016 were as follows: Payments Due by Period Remainder of (in thousands) 2016 2017 2018 2019 2020 Thereafter Purchase obligations $ $ $ $ $ $ Lease Commitments The Company leases certain warehouses, distribution and office facilities, vehicles and office equipment under operating leases. The Company has an operating lease for certain vehicles that provides for a residual value guarantee. The lease has a noncancelable lease term of one year and may be renewed annually over the subsequent five years. The Company has the option to terminate the lease at the annual renewal date. Termination of the lease results in the sale of the vehicles and the determination of the residual value. The residual value is calculated by comparing the net proceeds of the vehicles sold to the depreciated value at the end of the renewal period. The Company is not responsible for any deficiency resulting from the net proceeds being less than 20% of the original cost in the first year and 20% of the depreciated value for all subsequent years. The Company believes that this guarantee will not have a significant impact on the consolidated financial statements. Contingencies In connection with the Company’s acquisition of Acushnet Company, Beam indemnified the Company for certain tax related obligations that relate to periods during which Fortune Brands, Inc. owned Acushnet Company. As of September 30, 2016, the Company’s estimate of its receivable for these indemnifications is $9.9 million, of which $1.2 million is recorded in other current assets and $8.7 million is recorded in other noncurrent assets on the consolidated balance sheet. Litigation Beam A dispute has arisen between Acushnet Company and Beam with respect to approximately $16.6 million of value-added tax (“VAT”) trade receivables. These receivables were reflected on Acushnet Company’s consolidated balance sheet at the time of the Company’s acquisition of Acushnet Company. Acushnet Company believes that these VAT trade receivables are assets of the Company; Beam claims that these are tax credits or refunds from the period prior to the acquisition of Acushnet Company which are payable to Beam, pursuant to the terms of the Stock Purchase Agreement that covers the sale of the stock of Acushnet Company. Beam has withheld payments in this amount which the Company believes are payable to Acushnet Company in reimbursement of certain other tax liabilities which existed prior to the acquisition of Acushnet Company. On March 27, 2012, Acushnet Company filed a complaint seeking reimbursement of these funds in the Commonwealth of Massachusetts Superior Court Department, Business Litigation Section. Each party filed Motions for Summary Judgment, which motions were denied by the Court on July 29, 2015. Trial was conducted in early June, 2016. On June 21, 2016, the Court ruled that Beam had a contractual right to the VAT trade receivables actually collected from Acushnet Company's customers prior to the closing of the Company's acquisition of Acushnet Company, but that Beam should pay $972,288 plus pre-judgement interest of $494,859 to the Company to compensate for amounts Beam withheld, but which were not collected from Acushnet Company's customers. The Company recorded the total value as other (income) expense, net on the consolidated statement of operations for the nine months ended September 30, 2016. Acushnet believes that the Court erred in its ruling and filed a Notice of Appeal on July 20, 2016. Other Litigation In addition to the lawsuit described above, the Company and its subsidiaries are defendants in lawsuits associated with the normal conduct of their businesses and operations. It is not possible to predict the outcome of the pending actions, and, as with any litigation, it is possible that some of these actions could be decided unfavorably. Consequently, the Company is unable to estimate the ultimate aggregate amount of monetary loss, amounts covered by insurance or the financial impact that will result from such matters and has not recorded a liability related to potential losses. The Company believes that there are meritorious defenses to these actions and that these actions will not have a material adverse effect on the consolidated financial statements.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2016
Subsequent Events
Subsequent Events	16. Subsequent Events Stock Split On October 14, 2016, the Company effected a nine‑for‑one stock split of its issued and outstanding shares of common stock. See Note 1 – Summary of Significant Accounting Policies , for disclosure related to the Company’s stock split. Initial Public Offering The Company completed an initial public offering of its common stock in November 2016. See Note 1 – Summary of Significant Accounting Policies , for disclosures related to the Company’s initial public offering and other related transactions. Automatic Conversion All outstanding convertible notes and Series A preferred stock converted into shares of the Company’s common stock prior to the closing of the Company’s initial public offering. See Note 1 – Summary of Significant Accounting Policies , for disclosures related to such conversion and other related transactions.

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) and include the accounts of Acushnet Holdings Corp. (the “Company”), its wholly owned subsidiaries and a VIE in which the Company is the primary beneficiary. All significant intercompany balances and transactions have been eliminated in consolidation. Certain information in footnote disclosures normally included in annual financial statements has been condensed or omitted for the interim periods presented in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) and U.S. GAAP. In the opinion of management, the financial statements contain all normal and recurring adjustments necessary to state fairly the financial position and results of operations of the Company. The consolidated balance sheet as of December 31, 2015 is derived from the audited consolidated balance sheet for the year then ended. The results of operations for the nine months ended September 30, 2016 are not necessarily indicative of results to be expected for the full year ended December 31, 2016, nor were those of the comparable 2015 period representative of those actually experienced for the full year ended December 31, 2015. These unaudited interim consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes as of and for the year ended December 31, 2015 included in the Company’s prospectus, dated October 27, 2016, constituting part of the Company’s Registration Statement on Form S-1, as amended (Registration No. 333-212116), filed with the SEC on October 31, 2016.
Stock Split Policy	Stock Split On October 14, 2016, the Company effected a nine-for-one stock split of its issued and outstanding shares of common stock and a proportional adjustment to the existing conversion ratios for its 7.5% convertible notes due 2021 (“convertible notes”), Series A redeemable convertible preferred stock (“Series A preferred stock”), and the exercise price for the common stock warrants and the strike price of stock-based compensation. Accordingly, all share and per share amounts for all periods presented in the accompanying financial statements and notes thereto have been adjusted retroactively, where applicable, to reflect this stock split and adjustment of the common stock warrant exercise price, and convertible notes and redeemable convertible preferred stock conversion ratios.
Unaudited Pro Forma Financial Information	Unaudited Pro Forma Financial Information The accompanying unaudited pro forma consolidated balance sheet as of September 30, 2016 has been prepared to give effect to the automatic conversion of all of the outstanding convertible notes into an aggregate of 32,624,820 shares of common stock, the payment in cash of accrued and unpaid interest of $4.5 million on the convertible notes and the automatic conversion of all of the outstanding shares of the Series A preferred stock into an aggregate of 16,542,243 shares of common stock as if the Company’s foregoing transactions had occurred on September 30, 2016.
Use of Estimates	Use of Estimates The preparation of the Company’s consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and judgments that affect reported amounts of assets, liabilities, stockholders’ equity, net sales and expenses, and the disclosure of contingent assets and liabilities in its consolidated financial statements. Actual results could differ from those estimates.
Variable Interest Entities	Variable Interest Entities VIEs are entities that, by design, either (i) lack sufficient equity to permit the entity to finance its activities independently, or (ii) have equity holders that do not have the power to direct the activities of the entity that most significantly impact its economic performance, the obligation to absorb the entity’s expected losses, or the right to receive the entity’s expected residual returns. The Company consolidates a VIE when it is the primary beneficiary, which is the party that has both (i) the power to direct the activities that most significantly impact the VIE’s economic performance and (ii) through its interests in the VIE, the obligation to absorb expected losses or the right to receive expected benefits from the VIE that could potentially be significant to the VIE. The Company consolidates the accounts of Acushnet Lionscore Limited, a VIE which is 40% owned by the Company. The sole purpose of the VIE is to manufacture the Company’s golf footwear and as such, the Company is deemed to be the primary beneficiary as defined by Accounting Standards Codification (“ASC”) 810. The Company has presented separately on its consolidated balance sheets, to the extent material, the assets of its consolidated VIE that can only be used to settle specific obligations of its consolidated VIE and the liabilities of its consolidated VIE for which creditors do not have recourse to its general credit. The general creditors of the VIE do not have recourse to the Company. Certain directors of the noncontrolling entities have guaranteed the credit lines of the VIE, for which there were no outstanding borrowings as of September 30, 2016 and December 31, 2015. In addition, pursuant to the terms of the agreement governing the VIE, the Company is not required to provide financial support to the VIE.
Accounts Receivable	Accounts Receivable As of September 30, 2016 and December 31, 2015, the allowance for doubtful accounts was $18.0 million and $12.4 million, respectively.
Recently Adopted Accounting Standards and Recently Issued Accounting Standards	Recently Adopted Accounting Standards Fair Value Measurement In May 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015‑07, “ Fair Value Measurement: Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share (or Its Equivalent) .” Under ASU 2015‑07 investments for which fair value is measured at net asset value per share (or its equivalent) using the practical expedient should not be categorized in the fair value hierarchy. ASU 2015‑07 is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The Company adopted the provisions of this standard during the nine months ended September 30, 2016. The retrospective adoption of this standard did not have a significant impact on the consolidated financial statements. Intangibles—Goodwill and Other—Internal‑Use Software In April 2015, the FASB issued ASU 2015‑05, “ Intangibles—Goodwill and Other—Internal‑Use Software: Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement .” ASU 2015‑05 provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. ASU 2015‑05 is effective for annual periods beginning after December 15, 2015, including interim periods within those fiscal years. The Company prospectively adopted the provisions of this standard during the nine months ended September 30, 2016. The adoption of this standard did not have a significant impact on the consolidated financial statements. Consolidation: Amendments to the Consolidation Analysis In February 2015, the FASB issued ASU 2015‑02, “ Consolidation: Amendments to Consolidation Analysis .” ASU 2015‑02 places more emphasis on risk of loss when determining controlling interest, reduces the frequency of the application of related‑party guidance when determining controlling financial interest in a VIE and changes consolidation conclusions for companies in several industries. ASU 2015‑02 is effective for reporting periods beginning after December 15, 2015, with early adoption permitted. The Company retrospectively adopted the provisions of this standard during the nine months ended September 30, 2016. The retrospective adoption of this standard did not have a significant impact on the consolidated financial statements. Recently Issued Accounting Standards Statement of Cash Flows — Restricted Cash In November 2016, the FASB issued ASU 2016‑18, “ Statement of Cash Flows: Restricted Cash. ” ASU 2016‑18 requires that amounts generally described as restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016‑18 is effective for annual periods beginning after December 15, 2017, and interim periods within those fiscal years. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The adoption of this standard is not expected to have a significant impact on the consolidated financial statements. Consolidation — Interest Held Through Related Parties In October 2016, the FASB issued ASU 2016‑17, “ Consolidation: Interests Held through Related Parties that are under Common Control. ” ASU 2016‑17 changes the evaluation of whether a reporting entity is the primary beneficiary of a VIE by changing how a reporting entity that is a single decision maker of a VIE treats indirect interests in the entity held through related parties that are under common control with the reporting entity. ASU 2016‑17 is effective for annual periods beginning after December 15, 2016, and interim periods within those fiscal years. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The adoption of this standard is not expected to have a significant impact on the consolidated financial statements. Income Taxes In October 2016, the FASB issued ASU 2016‑16, “ Income Taxes: Intra-Entity Transfers of Assets other than Inventory. ” ASU 2016-16 requires that entities recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently evaluating this standard to determine the impact of its adoption on the consolidated financial statements. Statement of Cash Flows In August 2016, the FASB issued ASU 2016‑15, “ Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments ” to address diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently evaluating this standard to determine the impact of its adoption on the consolidated financial statements. Revenue from Contracts with Customers In May 2016, the FASB issued ASU 2016‑12, “ Revenue from Contracts with Customers: Narrow‑Scope Improvements and Practical Expedients.” ASU 2016‑12 addresses narrow‑scope improvements to the guidance on collectability, noncash consideration and completed contracts at transition and provides a practical expedient for contract modifications and an accounting policy election related to the presentation of sales taxes and other similar taxes collected from customers. In March 2016, the FASB issued ASU 2016‑08, “ Revenue from Contracts with Customers: Principal versus Agent Considerations ” clarifying the implementation guidance on principal versus agent considerations. In August 2015, the FASB issued ASU 2015‑14, “ Revenue from Contracts with Customers: Deferral of the Effective Date .” deferring the adoption of previously issued guidance published in May 2014, ASU 2014‑09, “ Revenue from Contracts with Customers.” ASU 2014‑09 amends revenue recognition guidance and requires more detailed disclosures to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2016‑08 and 2015‑14 are effective for reporting periods beginning after December 15, 2017, including interim periods within those fiscal years. The new standard permits the use of either the retrospective or modified retrospective approach on adoption. The Company is currently evaluating this standard to determine the impact of its adoption on the consolidated financial statements. Compensation—Stock Compensation In March 2016, the FASB issued ASU 2016‑09, “ Compensation—Stock Compensation: Improvements to Employee Share‑Based Payment Accounting” to simplify accounting for employee share‑based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2016, including interim periods within those fiscal years. The adoption of this standard is not expected to have a significant impact on the consolidated financial statements. Leases In February 2016, the FASB issued ASU 2016‑02, “Leases”, which will require lessees to recognize right‑of‑use assets and lease liabilities for leases which were formerly classified as operating leases. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating this standard to determine the impact of its adoption on the consolidated financial statements. Presentation of Financial Statements—Going Concern In August 2014, the FASB issued ASU 2014‑15, “ Presentation of Financial Statements—Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. ” ASU 2014‑15 requires management to evaluate whether there is substantial doubt about a company’s ability to continue as a going concern within one year from the date the financial statements are issued and to provide related footnote disclosures as appropriate. ASU 2014‑15 is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The adoption of this standard is not expected to have a significant impact on the consolidated financial statements.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2016
Inventories
Schedule of inventory	(in thousands) September 30, December 31, 2016 2015 Raw materials and supplies $ $ Work-in-process Finished goods Inventories $ $

Product Warranty (Tables)

Product Warranty (Tables)	9 Months Ended
	Sep. 30, 2016
Product Warranty
Schedule of warranty obligation for accrued warranty expense	Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Balance at beginning of period $ $ $ $ Provision Claims paid/costs incurred Foreign currency translation Balance at end of period $ $ $ $

Debt and Financing Arrangemen27

Debt and Financing Arrangements (Tables)	9 Months Ended
	Sep. 30, 2016
Debt and Financing Arrangements
Schedule of debt and capital lease obligations	September 30, December 31, (in thousands) 2016 2015 Term loan $ $ - Secured floating rate notes - Convertible notes Bonds with common stock warrants - Senior term loan facility - Senior revolving credit facility - Revolving credit facility - Other short-term borrowings - Capital lease obligations Total Less: Short-term debt Total long-term debt and capital lease obligations $ $

Derivative Financial Instrume28

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2016
Derivative Financial Instruments
Schedule of fair values in foreign exchange derivative instruments on the consolidated balance sheets	Balance Sheet September 30, December 31, (in thousands) Location 2016 2015 Asset derivatives Other current assets $ $ Other noncurrent assets Liability derivatives Other current liabilities Other noncurrent liabilities
Schedule of foreign exchange derivative instruments included in accumulated other comprehensive income and the consolidated statements of operations	Gain (Loss) Recognized in OCI Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Type of hedge Cash flow $ $ $ $ $ $ $ $ Gain (Loss) Recognized in Gain (Loss) Recognized in Statement of Operations Statement of Operations Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2016 2015 2016 2015 Location of gain (loss) in statement of operations Cost of goods sold $ $ $ $ Selling, general and administrative expense $ $ $ $

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Measurements
Schedule of assets and liabilities measured at fair value on a recurring basis	Fair Value Measurements as of September 30, 2016 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ $ - $ - Other current assets Foreign exchange derivative instruments - - Other current assets Rabbi trust - - Other noncurrent assets Deferred compensation program assets - - Other noncurrent assets Foreign exchange derivative instruments - - Other noncurrent assets Total assets $ $ $ - Liabilities Foreign exchange derivative instruments $ - $ $ - Other current liabilities Deferred compensation program liabilities - - Other noncurrent liabilities Foreign exchange derivative instruments - - Other noncurrent liabilities Total liabilities $ $ $ - Fair Value Measurements as of December 31, 2015 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ $ - $ - Other current assets Foreign exchange derivative instruments - - Other current assets Rabbi trust - - Other noncurrent assets Deferred compensation program assets - - Other noncurrent assets Foreign exchange derivative instruments - - Other noncurrent assets Total assets $ $ $ - Liabilities Foreign exchange derivative instruments $ - $ $ - Other current liabilities Common stock warrants - - Other current liabilities Deferred compensation program liabilities - - Other noncurrent liabilities Foreign exchange derivative instruments - - Other noncurrent liabilities Total liabilities $ $ $
Schedule of changes in Level 3 fair value measurements	September 30, December 31, (in thousands) 2016 2015 Balance at beginning of period $ $ Common stock warrant exercise Total losses included in earnings Balance at end of period $ - $

Pension and Other Postretirem30

Pension and Other Postretirement Benefits (Tables)	9 Months Ended
	Sep. 30, 2016
Pension and Other Postretirement Benefits
Schedule of Components of net periodic benefit cost	Pension Benefits Postretirement Benefits Three months ended September 30, (in thousands) 2016 2015 2016 2015 Components of net periodic benefit cost Service cost $ $ $ $ Interest cost Expected return on plan assets - - Curtailment gain - - - - Amortization of net (gain) loss Amortization of prior service cost (credit) - Net periodic benefit cost (credit) $ $ $ $ Pension Benefits Postretirement Benefits Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Components of net periodic benefit cost Service cost $ $ $ $ Interest cost Expected return on plan assets - - Amortization of net (gain) loss Amortization of prior service cost (credit) - Net periodic benefit cost $ $ $ $

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Income (Loss), Net of Tax (Tables)	9 Months Ended
	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax.
Schedule of changes in each component of accumulated comprehensive income (loss), net of tax effects	Foreign Gains (Losses) on Gains on Pension and Accumulated Currency Foreign Exchange Available- Other Other Translation Derivative for-Sale Postretirement Comprehensive (in thousands) Adjustments Instruments Securities Adjustments Loss Balances at December 31, 2015 $ $ $ $ $ Other comprehensive income (loss) before reclassifications Amounts reclassified from accumulated other comprehensive loss - - Balances at September 30, 2016 $ $ $ $ $

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	9 Months Ended
	Sep. 30, 2016
Net Income per Common Share
Schedule of computation of basic and diluted net income per common share	Three Months Ended Nine Months Ended September 30, September 30, (in thousands, except share and per share amounts) 2016 2015 2016 2015 Net income (loss) attributable to Acushnet Holdings Corp. $ $ $ $ Less: dividends paid on redeemable convertible preferred stock Less: accruing of cumulative dividends Less: allocation of undistributed earnings to preferred shareholders - - Net income (loss) attributable to common stockholders - basic Adjustments to net income for dilutive securities - - - Net income (loss) attributable to common stockholders - diluted $ $ $ $ Weighted average number of common shares: Basic Diluted Net income (loss) per common share attributable to Acushnet Holdings Corp.: Basic $ $ $ $ Diluted $ $ $ $
Schedule of securities excluded from the calculation of diluted weighted average common shares.	Nine Months Ended September 30, 2016 2015 Series A preferred stock Warrants to purchase common stock - Convertible notes -

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Information
Schedule of information by reportable segment and a reconciliation to reported amounts	(in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Net sales Titleist golf balls $ $ $ $ Titleist golf clubs Titleist golf gear FootJoy golf wear Other Total net sales $ $ $ $ Segment operating income Titleist golf balls $ $ $ $ Titleist golf clubs Titleist golf gear FootJoy golf wear Other Total segment operating income Reconciling items: Interest expense, net EAR expense Loss on fair value of common stock warrants - Other Total income (loss) before income tax $ $ $ $

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies
Schedule of purchase obligation	Payments Due by Period Remainder of (in thousands) 2016 2017 2018 2019 2020 Thereafter Purchase obligations $ $ $ $ $ $

Summary of Significant Accoun35

Summary of Significant Accounting Policies (Details) $ / shares in Units, $ in Millions	Nov. 02, 2016$ / sharesshares	Oct. 14, 2016	Sep. 30, 2016USD ($)shares	Dec. 31, 2015USD ($)
Summary of Significant Accounting Policies [Line Items]
Allowance for doubtful accounts | $			$ 18	$ 12.4
VIE
Summary of Significant Accounting Policies [Line Items]
Ownership percentage			40.00%
Class of Stock, Common
Summary of Significant Accounting Policies [Line Items]
Stock split		9
Shares converted	11,556,495
Debt converted	22,791,852
Class of Stock, Common | Pro forma
Summary of Significant Accounting Policies [Line Items]
Shares converted			16,542,243
Debt converted			32,624,820
Class of Stock, Common | IPO
Summary of Significant Accounting Policies [Line Items]
Shares issued	19,333,333
Share price (in dollars per share) | $ / shares	$ 17
Class of Stock, Common | Over-allotment
Summary of Significant Accounting Policies [Line Items]
Shares issued	2,899,999
Share price (in dollars per share) | $ / shares	$ 17
Magnus
Summary of Significant Accounting Policies [Line Items]
Controlling interest, as a perceent	53.10%
Magnus | Class of Stock, Common
Summary of Significant Accounting Policies [Line Items]
Shares purchased by Magnus	14,818,720
Convertible debt
Summary of Significant Accounting Policies [Line Items]
Interest rate (as a percent)		7.50%
Convertible debt | Pro forma
Summary of Significant Accounting Policies [Line Items]
Payment of interest | $			$ 4.5

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Inventories
Raw materials and supplies	$ 56,654	$ 63,119
Work-in-process	19,043	18,210
Finished goods	223,127	245,030
Inventories	$ 298,824	$ 326,359

Product Warranty (Details)

Product Warranty (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Product Warranty Liability [Line Items]
Balance at beginning of period	$ 3,784	$ 3,576	$ 3,345	$ 2,989
Provision	1,493	1,379	4,291	4,003
Claims paid/costs incurred	(1,542)	(1,432)	(3,916)	(3,449)
Foreign currency translation	(9)	(59)	6	(79)
Balance at end of period	$ 3,726	$ 3,464	$ 3,726	$ 3,464
Maximum
Product Warranty Liability [Line Items]
Product Warranty			2 years
Minimum
Product Warranty Liability [Line Items]
Product Warranty			1 year

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Related Party Transactions
Related party interest expense	$ 10.8	$ 11.3	$ 25.9	$ 27.8

Debt and Financing Arrangemen39

Debt and Financing Arrangements - Schedule of debt and financing arrangements (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Oct. 31, 2013	Oct. 31, 2011
Debt Instrument [Line Items]
Other short-term borrowings		$ 15,064
Capital lease obligations	$ 697	1,481
Total	748,281	836,215
Less: Short-term debt	27,581	441,704
Total long-term debt and capital lease obligations	720,700	394,511
Senior term loan facility
Debt Instrument [Line Items]
Long-term debt		29,836
Senior revolving credit facility
Debt Instrument [Line Items]
Long-term debt		24,000
Revolving credit facility
Debt Instrument [Line Items]
Long-term debt	13,518
Term Loan
Debt Instrument [Line Items]
Long-term debt	371,576
Issuance cost	3,400
Secured Floating Rate Notes
Debt Instrument [Line Items]
Long-term debt		372,804
Issuance cost		2,200	$ 2,300	$ 13,200
Convertible notes
Debt Instrument [Line Items]
Long-term debt	$ 362,490	362,490
Bonds with common stock warrants
Debt Instrument [Line Items]
Long-term debt		$ 30,540

Debt and Financing Arrangemen40

Debt and Financing Arrangements - Senior Secured Credit Facility (Details) £ in Millions, CAD in Millions, $ in Millions	Jul. 28, 2016CAD	Jul. 28, 2016USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2016CAD	Sep. 30, 2016GBP (£)	Sep. 30, 2016USD ($)
Line of Credit Facility [Line Items]
Cash on hand		$ 23.6
Senior Secured Credit Facility
Line of Credit Facility [Line Items]
Contingent maximum increase to Borrowing Capacity			$ 200
Secured leverage ratio				2.00%	2.00%	2.00%
Senior Secured Credit Facility | LIBOR | Minimum
Line of Credit Facility [Line Items]
Variable rate of interest			1.25%
Senior Secured Credit Facility | LIBOR | Maximum
Line of Credit Facility [Line Items]
Variable rate of interest			2.00%
Revolving credit facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity						$ 275
Proceeds from the issuance of notes	CAD 4	3
Interest expense, excluding amortization of debt issuance costs			$ 0.4
Letter of credit facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity						20
Swing line
Line of Credit Facility [Line Items]
Maximum borrowing capacity						25
Swing line | Federal funds rate
Line of Credit Facility [Line Items]
Variable rate of interest			0.50%
Swing line | One Month LIBOR
Line of Credit Facility [Line Items]
Floor rate			1.00%
Swing line | One Month LIBOR | Minimum
Line of Credit Facility [Line Items]
Leverage ratio basis spread			0.25%
Swing line | One Month LIBOR | Maximum
Line of Credit Facility [Line Items]
Leverage ratio basis spread			1.00%
Alternative Currency Sublimit
Line of Credit Facility [Line Items]
Maximum borrowing capacity						100
Term Loan A Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity						375
Proceeds from the issuance of notes		$ 375
Interest expense, including amortization of debt issuance costs			$ 1.9
Delayed Draw Term Loan A Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity						$ 100
Acushnet Canada | Senior Secured Credit Facility | CDOR | Minimum
Line of Credit Facility [Line Items]
Variable rate of interest			1.25%
Acushnet Canada | Senior Secured Credit Facility | CDOR | Maximum
Line of Credit Facility [Line Items]
Variable rate of interest			2.00%
Acushnet Canada | Revolving credit facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity | CAD				CAD 25
Acushnet Europe | Revolving credit facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity | £					£ 20

Debt and Financing Arrangemen41

Debt and Financing Arrangements - Convertible Notes (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Mar. 11, 2013	Dec. 31, 2012	Jan. 20, 2012	Jul. 29, 2011
Convertible Notes
Aggregate principal amount							$ 4.5	$ 168
Convertible notes
Convertible Notes
Aggregate principal amount						$ 362.5
Interest rate (as a percent)						7.50%
Conversion price (in dollars per share)					$ 11.11
Interest expense, excluding amortization of debt issuance costs	$ 6.9	$ 6.9	$ 20.4	$ 20.3

Debt and Financing Arrangemen42

Debt and Financing Arrangements - Bonds with Common Stock Warrants (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 29, 2012	Jul. 31, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2012	Jan. 20, 2012	Jul. 29, 2011
Debt Instrument [Line Items]
Aggregate principal amount									$ 4,500	$ 168,000
Proceeds from exercise of common stock warrants					$ 34,503	$ 34,503
Bonds with common stock warrants
Debt Instrument [Line Items]
Aggregate principal amount								$ 172,500
Interest rate (as a percent)								7.50%
Interest expense, including amortization of debt issuance costs			$ 3,900	$ 4,400	$ 5,500	$ 7,500
Bonds with common stock warrants | Common stock warrants
Debt Instrument [Line Items]
Annual installments of warrants available to be purchased under call option								15,526,431
Exercise price of warrants (in dollars per share)								$ 11.11
Bonds with common stock warrants | Common stock warrants | Fila Korea Ltd.
Debt Instrument [Line Items]
Interest rate calculated on annual compounded basis (as a percent)	4.00%
Annual installments of warrants available to be purchased under call option	3,105,288	3,105,279
Period of call option to purchase warrants	5 years
Period to exercise warrants	10 days
Exercise price of warrants (in dollars per share)		$ 11.11
Proceeds from exercise of common stock warrants		$ 34,500
Discount on debt issuance cost							$ 19,900
Repayment of debt		$ 34,500
Unamortized discount							$ 4,000

Debt and Financing Arrangemen43

Debt and Financing Arrangements - Secured Floating Rate Notes (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended		9 Months Ended
	Oct. 31, 2013	Oct. 31, 2011	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Jan. 20, 2012	Jul. 29, 2011
Debt Instrument [Line Items]
Aggregate principal amount								$ 4,500	$ 168,000
Interest Expense			$ 15,672	$ 17,563	$ 44,076	$ 48,093
Secured Floating Rate Notes
Debt Instrument [Line Items]
Aggregate principal amount	$ 125,000	$ 500,000
Repayment of debt	150,000
Issuance cost	2,300	$ 13,200					$ 2,200
Interest Expense	1,000
Issuance cost incurred	$ 3,300
Interest expense, including amortization of debt issuance costs			$ 2,100	$ 5,400	$ 12,300	$ 15,800
Secured Floating Rate Notes | LIBOR
Debt Instrument [Line Items]
Variable rate of interest	3.75%	3.75%

Debt and Financing Arrangemen44

Debt and Financing Arrangements - Senior Revolving and Term Loan Facilities (Details) - USD ($) $ in Millions	Dec. 24, 2014	Jul. 31, 2011	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Feb. 12, 2014	Jan. 20, 2012	Jul. 29, 2011
Line of Credit Facility [Line Items]
Aggregate principal amount									$ 4.5	$ 168
Senior revolving credit facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 95
Debt interest expense			$ 0.1	$ 0.1	$ 0.8	$ 0.7
Senior revolving credit facility | Korea Development Bank
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 50
Variable rate of interest		3.25%
Senior revolving credit facility | Korea Development Bank | LIBOR
Line of Credit Facility [Line Items]
Commitment fee of unused portion (as a percent)		0.30%
Senior revolving credit facility | Wells Fargo, National Association
Line of Credit Facility [Line Items]
Maximum borrowing capacity								$ 75
Senior Term Loan
Line of Credit Facility [Line Items]
Outstanding Balance							$ 30
Interest rate (as a percent)							3.26%
Debt interest expense				$ 0.4	$ 0.7	$ 1.1
Senior Term Loan | Korea Development Bank
Line of Credit Facility [Line Items]
Aggregate principal amount	$ 30
Commitment fee of unused portion (as a percent)	0.30%
Senior Term Loan | Korea Development Bank | LIBOR
Line of Credit Facility [Line Items]
Variable rate of interest	2.63%

Debt and Financing Arrangemen45

Debt and Financing Arrangements - Line of Credit Facility (Details) - Working capital facility - Wells Fargo, National Association $ in Millions	Feb. 05, 2015USD ($)
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 30
Commitment fee (as a percent)	0.35%
LIBOR
Line of Credit Facility [Line Items]
Variable rate of interest	2.50%

Debt and Financing Arrangemen46

Debt and Financing Arrangements - Working Credit Facility (Details) £ in Millions, CAD in Millions, $ in Millions	1 Months Ended		3 Months Ended		9 Months Ended
	Feb. 28, 2013CAD	Apr. 30, 2012GBP (£)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Working capital facility | Wells Fargo N.A., Canadian Branch
Line of Credit Facility [Line Items]
Maximum borrowing capacity | CAD	CAD 25
Commitment fee (as a percent)	0.25%
Percentage of eligible accounts receivable	80.00%
Percentage of eligible inventory	60.00%
Outstanding Balance							$ 0
Debt interest expense			$ 0.1	$ 0.1	$ 0.2	$ 0.2
Working capital facility | Wells Fargo N.A., Canadian Branch | CDOR
Line of Credit Facility [Line Items]
Variable rate of interest	2.00%
Working capital facility | Wells Fargo N.A., Canadian Branch | LIBOR
Line of Credit Facility [Line Items]
Variable rate of interest	2.00%
Working capital facility | Wells Fargo Capital Finance (UK) Limited
Line of Credit Facility [Line Items]
Maximum borrowing capacity | £		£ 30
Commitment fee (as a percent)		0.375%
Percentage of eligible accounts receivable		85.00%
Percentage of eligible inventory		65.00%
Outstanding Balance							$ 0
Debt interest expense			0.1	$ 0.1	0.5	$ 0.5
Working capital facility | Wells Fargo Capital Finance (UK) Limited | LIBOR
Line of Credit Facility [Line Items]
Variable rate of interest		3.00%
Letter of credit facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 20		$ 20
Letter of credit facility | Wells Fargo Capital Finance (UK) Limited
Line of Credit Facility [Line Items]
Maximum borrowing capacity | £		£ 5

Derivative Financial Instrume47

Derivative Financial Instruments - Common Stock Warrants (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	9 Months Ended
	Jul. 31, 2016	Sep. 30, 2016	Sep. 30, 2015	Jan. 20, 2012	Jul. 29, 2011
Derivative [Line Items]
Aggregate principal amount				$ 4,500	$ 168,000
Amount of warrants exercised		$ 34,503	$ 34,503
Common Stock Warrants
Derivative [Line Items]
Issue of warrants to purchase shares				406,431	15,120,000
Fila Korea Ltd | Common Stock Warrants
Derivative [Line Items]
Issue of warrants to purchase shares	3,105,279
Exercise price (in dollars per share)	$ 11.11
Amount of warrants exercised	$ 34,500

Derivative Financial Instrume48

Derivative Financial Instruments - Fair value of foreign exchange derivative instruments in consolidated balance sheets (Details) - Foreign exchange derivative contract - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Notional amount	$ 353,600
Maximum
Derivatives, Fair Value [Line Items]
Term of derivative contract	24 months
Derivative designated as hedging | Other current assets
Derivatives, Fair Value [Line Items]
Asset derivatives	$ 4,639	$ 13,824
Derivative designated as hedging | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Asset derivatives	43	790
Derivative designated as hedging | Other current liabilities
Derivatives, Fair Value [Line Items]
Liability derivatives	17,973	1,265
Derivative designated as hedging | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Liability derivatives	$ 6,437	$ 331

Derivative Financial Instrume49

Derivative Financial Instruments - Effect of foreign exchange derivative instruments in comprehensive income (loss) and statement of operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Expected reclassification of gain recorded in accumulated other comprehensive loss into earnings during next twelve months			$ 13,200
Derivative designated as hedging | Foreign exchange derivative contract
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in OCI	$ (1,549)	$ (1,435)	(25,174)	$ 5,009
Gain (Loss) Recognized in Statement of Operations	(1,588)	5,821	3,500	24,966
Derivative designated as hedging | Foreign exchange derivative contract | Cash flow
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in OCI	(1,549)	(1,435)	(25,174)	5,009
Derivative designated as hedging | Cost of goods sold [Member] | Foreign exchange derivative contract
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Statement of Operations	(583)	4,360	7,174	21,679
Derivative designated as hedging | Selling, general and administrative expense [Member] | Foreign exchange derivative contract
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Statement of Operations	$ (1,005)	$ 1,461	$ (3,674)	$ 3,287

Fair Value Measurements - Asset

Fair Value Measurements - Assets and liabilities at fair value (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Liabilities
Fair value asset, Transfer between Level 1 to Level 2	$ 0
Fair value asset, Transfer between Level 2 to Level 1	0
Fair value Liabilities, Transfer between Level 1 to Level 2	0
Fair value Liabilities, Transfer between Level 2 to Level 1	0
Level 1
Assets
Total assets	14,173	$ 16,682
Liabilities
Total liabilities	1,864	2,129
Level 2
Assets
Total assets	4,682	14,614
Liabilities
Total liabilities	24,410	1,596
Level 3
Liabilities
Total liabilities		22,884
Other current assets | Rabbi trust | Level 1
Assets
Total assets	9,194	13,111
Other current assets | Foreign exchange derivative instruments | Level 2
Assets
Total assets	4,639	13,824
Other noncurrent assets | Rabbi trust | Level 1
Assets
Total assets	3,115	1,442
Other noncurrent assets | Foreign exchange derivative instruments | Level 2
Assets
Total assets	43	790
Other noncurrent assets | Deferred compensation program assets | Level 1
Assets
Total assets	1,864	2,129
Other current liabilities | Foreign exchange derivative instruments | Level 2
Liabilities
Total liabilities	17,973	1,265
Other current liabilities | Common stock warrants | Level 3
Liabilities
Total liabilities		22,884
Other noncurrent liabilities | Foreign exchange derivative instruments | Level 2
Liabilities
Total liabilities	6,437	331
Other noncurrent liabilities | Deferred compensation program liabilities | Level 1
Liabilities
Total liabilities	$ 1,864	$ 2,129

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation for liabilities measure at fair value using level 3 (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Reconciliation of Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
Balance at beginning of period	$ 22,884	$ 1,818
Common stock warrant exercise	(28,996)	(7,298)
Total losses included in earnings	$ 6,112	28,364
Balance at end of period		$ 22,884

Pension and Other Postretirem52

Pension and Other Postretirement Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Pension Benefits
Components of net periodic benefit cost
Service cost	$ 3,684	$ 4,000	$ 8,593	$ 12,055
Interest cost	3,147	2,991	9,440	8,989
Expected return on plan assets	(3,010)	(2,658)	(9,216)	(7,980)
Amortization of net (gain) loss	(87)	316	160	950
Amortization of prior service cost (credit)	44		131
Net periodic benefit cost (credit)	3,778	4,649	9,108	14,014
Postretirement Benefits
Components of net periodic benefit cost
Service cost	158	264	658	794
Interest cost	160	197	583	591
Amortization of net (gain) loss	(382)	(124)	(730)	(372)
Amortization of prior service cost (credit)	(42)	(42)	(126)	(127)
Net periodic benefit cost (credit)	$ (106)	$ 295	$ 385	$ 886

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Taxes
Increase in income tax expense	$ 4,700		$ 7,200
Income Tax Expense (Benefit)	$ 440	$ (4,273)	$ 39,878	$ 32,646
Effective rates	(9.60%)	24.30%	44.90%	58.30%
Percentage increase in income tax expense			22.20%

Redeemable Convertible Prefer54

Redeemable Convertible Preferred Stock (Details) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Temporary Equity [Line Items]
Preferred stock, shares issued (in shares)	1,838,027	1,838,027
Preferred stock par value	$ 0.001	$ 0.001
Series A Preferred Stock
Temporary Equity [Line Items]
Preferred stock, shares issued (in shares)	1,838,027	1,838,027
Preferred stock par value	$ 0.001	$ 0.001

Equity Incentive Plans (Details

Equity Incentive Plans (Details) - USD ($) $ in Millions	Aug. 09, 2016	Jun. 15, 2016	Jan. 22, 2016	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2016
Unit-Based Compensation
Weighted average period						2 years 2 months 12 days
PSUs
Unit-Based Compensation
Vested (in shares)						0
Unrecognized compensation expense				$ 22	$ 22	$ 22
Compensation expense				2.4	2.8
RSUs
Unit-Based Compensation
Vested (in shares)						0
Unrecognized compensation expense				20.4	20.4	$ 20.4
Compensation expense				$ 3.8	$ 4.4
Omnibus Incentive 2015 Plan [Member]
Unit-Based Compensation
Share reserved for issuance			8,190,000
Repurchase exercise period						60 days
Number of shares of common stock that may be subject to repurchase unless they have been held by the award holder for at least six months				0	0	0
Threshold period for shares that may be subject to repurchase						6 months
Omnibus Incentive 2015 Plan [Member] | Employee Stock option | Minimum
Unit-Based Compensation
Options exercise price as a percentage of fair value of common stock			100.00%
Omnibus Incentive 2015 Plan [Member] | PSUs
Unit-Based Compensation
Term of award						P3Y
Percentage of awards granted						50.00%
Percentage of share repurchase						100.00%
Omnibus Incentive 2015 Plan [Member] | PSUs | Minimum
Unit-Based Compensation
Ownership percentage of stockholder			10.00%
Term of award			P10Y
Awards earned as percentage of specified compensation						0.00%
Omnibus Incentive 2015 Plan [Member] | PSUs | Maximum
Unit-Based Compensation
Awards earned as percentage of specified compensation						200.00%
Omnibus Incentive 2015 Plan [Member] | RSUs
Unit-Based Compensation
Percentage of awards granted						50.00%
Omnibus Incentive 2015 Plan [Member] | RSUs and PSUs
Unit-Based Compensation
Fair Value of grant	$ 3.8	$ 45.8
Omnibus Incentive 2015 Plan [Member] | Incentive stock options | Minimum
Unit-Based Compensation
Options exercise price as a percentage of fair value of common stock			110.00%
Term of award			P5Y

Accumulated Other Comprehensi56

Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Balance at the beginning of the period	$ (67,234)
Balance at the end of the period	(73,001)
Foreign Currency Translation Adjustments
Balance at the beginning of the period	(70,019)
Other comprehensive income (loss) before reclassifications	14,124
Balance at the end of the period	(55,895)
Gains (Losses) on Foreign Exchange Derivative Instruments
Balance at the beginning of the period	9,166
Other comprehensive income (loss) before reclassifications	(13,806)
Amounts reclassified from accumulated other comprehensive loss	(7,174)
Balance at the end of the period	(11,814)
Gains on Available- for-Sale Securities
Balance at the beginning of the period	1,504
Other comprehensive income (loss) before reclassifications	131
Balance at the end of the period	1,635
Pension and other Postretirement Adjustments
Balance at the beginning of the period	(7,885)
Other comprehensive income (loss) before reclassifications	1,523
Amounts reclassified from accumulated other comprehensive loss	(565)
Balance at the end of the period	(6,927)
Accumulated Other Comprehensive loss
Balance at the beginning of the period	(67,234)
Other comprehensive income (loss) before reclassifications	1,972
Amounts reclassified from accumulated other comprehensive loss	(7,739)
Balance at the end of the period	$ (73,001)

Net Income per Common Share - C

Net Income per Common Share - Computation of basic and diluted net income per common share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net Income per Common Share
Net income (loss) attributable to Acushnet Holdings Corp.	$ (6,167)	$ (13,987)	$ 45,902	$ 19,469
Less: dividends paid on redeemable convertible preferred stock	(1,168)	(1,133)	(8,023)	(8,007)
Redeemable Preferred Stock Dividends	1,168	1,133	8,023	8,007
Less: accruing of cumulative dividends	(2,297)	(2,304)	(2,297)	(2,304)
Less: allocation of undistributed earnings to preferred shareholders			(15,071)	(4,231)
Net income (loss) attributable to common shareholders - basic	(9,632)	(17,424)	20,511	4,927
Adjustments to net income for dilutive securities			17,046
Net income (loss) attributable to common shareholders - diluted	$ (9,632)	$ (17,424)	$ 37,557	$ 4,927
Weighted average number of common shares:
Basic	23,880,191	20,678,237	22,512,577	19,268,395
Diluted	23,880,191	20,678,237	55,203,829	19,334,325
Net income (loss) per common share attributable to Acushnet Holdings Corp.:
Basic	$ (0.40)	$ (0.84)	$ 0.91	$ 0.26
Diluted	$ (0.40)	$ (0.84)	$ 0.68	$ 0.25

Net Income per Common Share -58

Net Income per Common Share - Calculation of diluted weighted average common shares outstanding (Details) - shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Series A preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	16,542,243	16,542,243
Common stock warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		3,105,279
Convertible notes
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		32,624,820

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)item	Sep. 30, 2015USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | item			4
Total Net Sales	$ 332,353	$ 319,868	$ 1,235,348	$ 1,182,742
Total segment operating income	11,046	11,094	145,119	148,489
Reconciling items:
Interest expense	(15,672)	(17,563)	(44,076)	(48,093)
EAR expense		(10,423)		(33,088)
EAR expense, adjustment	940		940
Loss on fair value of common stock warrants		243	(6,112)	(14,535)
Total income (loss) before income taxes	(4,603)	(17,571)	88,857	55,962
Titleist golf balls
Segment Reporting Information [Line Items]
Total Net Sales	119,079	126,042	415,328	430,707
Total segment operating income	17,326	19,266	69,679	78,617
Titleist golf clubs
Segment Reporting Information [Line Items]
Total Net Sales	74,283	67,279	314,579	287,810
Total segment operating income	(7,527)	(8,422)	29,962	24,907
Titleist golf gear
Segment Reporting Information [Line Items]
Total Net Sales	30,499	28,995	114,833	105,180
Total segment operating income	832	889	15,448	12,707
FootJoy golf wear
Segment Reporting Information [Line Items]
Total Net Sales	97,758	90,941	361,788	340,101
Total segment operating income	(524)	(739)	25,242	31,121
Other
Segment Reporting Information [Line Items]
Total Net Sales	10,734	6,611	28,820	18,944
Total segment operating income	939	100	4,788	1,137
Reconciling items:
Other	$ (917)	$ (922)	$ (7,014)	$ 3,189

Commitments and Contingencies60

Commitments and Contingencies (Details) - USD ($)	Jun. 21, 2016	Sep. 30, 2016
Remainder of 2016		$ 137,305,000
2,017		38,469,000
2,018		15,875,000
2,019		1,884,000
2,020		1,456,000
Thereafter		$ 4,748,000
Lessor Leasing Arrangements, Operating Leases, Term of Contract		1 year
Lessor Leasing Arrangements, Operating Leases, Renewal Term		5 years
Cost (in percentage)		20.00%
Deprecated Value (in percentage)		20.00%
Loss Contingency, Receivable		$ 9,900,000
Loss Contingency, Receivable, Current		1,200,000
Loss Contingency, Receivable, Noncurrent		8,700,000
Litigation Settlement, Amount	$ 972,288
Litigation Settlement Interest	$ 494,859
Collectibility of receivables
Loss Contingency, Receivable		$ 16,600,000

Subsequent Events (Details)

Subsequent Events (Details)	Oct. 14, 2016
Subsequent event
Subsequent Event [Line Items]
Stock split	9