Acushnet (GOLF) 10-Q 3 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 27, 2018
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	Mar. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Entity Common Stock, Shares Outstanding		74,744,536

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Current assets
Cash and restricted cash ($16,031 and $13,086 attributable to the variable interest entity (VIE))	$ 48,370	$ 47,722
Accounts receivable, net	348,516	190,851
Inventories ($10,841 and $13,692 attributable to the VIE)	363,328	363,962
Other assets	86,922	84,541
Total current assets	847,136	687,076
Property, plant and equipment, net ($10,010 and $10,240 attributable to the VIE)	225,257	228,922
Goodwill ($32,312 and $32,312 attributable to the VIE)	188,750	185,941
Intangible assets, net	480,043	481,234
Deferred income taxes	106,573	110,318
Other assets ($2,740 and $2,738 attributable to the VIE)	35,129	33,833
Total assets	1,882,888	1,727,324
Current liabilities
Short-term debt	135,249	20,364
Current portion of long-term debt	29,688	26,719
Accounts payable ($7,276 and $10,587 attributable to the VIE)	91,447	92,759
Accrued income taxes	37,291	34,310
Accrued compensation and benefits	65,389	80,189
Accrued expenses and other liabilities ($4,925 and $2,719 attributable to the VIE)	71,105	52,442
Total current liabilities	430,169	306,783
Long-term debt and capital lease obligations	408,259	416,970
Deferred income taxes	9,288	9,318
Accrued pension and other postretirement benefits ($1,691 and $1,908 attributable to the VIE)	130,660	130,160
Other noncurrent liabilities ($4,903 and $4,689 attributable to the VIE)	18,443	16,701
Total liabilities	996,819	879,932
Commitments and contingencies (Note 16)
Shareholders' equity
Common stock, $0.001 par value, 500,000,000 shares authorized; 74,744,536 and 74,479,319 shares issued and outstanding	75	74
Additional paid-in capital	896,450	894,727
Accumulated other comprehensive loss, net of tax	(80,142)	(81,691)
Retained earnings	37,816	1,618
Total equity attributable to Acushnet Holdings Corp.	854,199	814,728
Noncontrolling interests	31,870	32,664
Total shareholders' equity	886,069	847,392
Total liabilities and shareholders' equity	$ 1,882,888	$ 1,727,324

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Cash and restricted cash	$ 48,370	$ 47,722
Inventories	363,328	363,962
Property, plant and equipment, net	225,257	228,922
Goodwill	188,750	185,941
Other assets	35,129	33,833
Accounts payable	91,447	92,759
Accrued expenses and other liabilities	71,105	52,442
Accrued pension and other postretirement benefits	130,660	130,160
Other noncurrent liabilities	$ 18,443	$ 16,701
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	74,744,536	74,479,319
Common stock, shares outstanding (in shares)	74,744,536	74,479,319
VIE
Cash and restricted cash	$ 16,031	$ 13,086
Inventories	10,841	13,692
Property, plant and equipment, net	10,010	10,240
Goodwill	32,312	32,312
Other assets	2,740	2,738
Accounts payable	7,276	10,587
Accrued expenses and other liabilities	4,925	2,719
Accrued pension and other postretirement benefits	1,691	1,908
Other noncurrent liabilities	$ 4,903	$ 4,689

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Net sales	$ 441,801	$ 433,615
Cost of goods sold	214,127	207,200
Gross profit	227,674	226,415
Operating expenses:
Selling, general and administrative	151,368	147,812
Research and development	12,392	12,507
Intangible amortization	1,630	1,622
Income from operations	62,284	64,474
Interest expense, net	4,408	2,922
Other (income) expense, net	(434)	(563)
Income before income taxes	58,310	62,115
Income tax expense	15,220	22,485
Net income	43,090	39,630
Less: Net income attributable to noncontrolling interests	(1,606)	(1,516)
Net income attributable to Acushnet Holdings Corp.	$ 41,484	$ 38,114
Net income per common share attributable to Acushnet Holdings Corp.:
Basic (in dollars per share)	$ 0.56	$ 0.51
Diluted (in dollars per share)	0.55	0.51
Cash dividends declared per common share (in dollars per share)	$ 0.13	$ 0.12
Weighted average number of common shares:
Basic (in shares)	74,650,237	74,220,771
Diluted (in shares)	74,793,823	74,250,155

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 43,090	$ 39,630
Foreign currency translation adjustments
Unrealized holding gains arising during period	11,913	11,580
Foreign exchange translation adjustments, net	11,913	11,580
Foreign exchange derivative instruments
Unrealized holding losses arising during period	(7,081)	(11,745)
Reclassification adjustments included in net income	708	(1,811)
Tax benefit	2,113	3,197
Foreign exchange derivative instruments, net	(4,260)	(10,359)
Available-for-sale securities
Unrealized holding losses arising during period	0	(105)
Tax benefit	0	40
Available-for-sale securities, net	0	(65)
Pension and other postretirement benefits
Pension and other postretirement benefits adjustments	34	(182)
Tax benefit (expense)	(6)	63
Pension and other postretirement benefits adjustments, net	28	(119)
Total other comprehensive income	7,681	1,037
Comprehensive income	50,771	40,667
Less: Comprehensive income attributable to noncontrolling interests	(1,606)	(1,516)
Comprehensive income attributable to Acushnet Holdings Corp.	$ 49,165	$ 39,151

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities
Net income	$ 43,090	$ 39,630
Adjustments to reconcile net income to cash provided by (used in) operating activities
Depreciation and amortization	10,325	10,161
Unrealized foreign exchange (gain) loss	(1,681)	37
Amortization of debt issuance costs	331	330
Share-based compensation	4,126	3,847
Loss on disposals of property, plant and equipment	0	319
Deferred income taxes	6,369	13,499
Changes in operating assets and liabilities
Accounts receivable	(152,626)	(138,926)
Inventories	7,457	14,720
Accounts payable	(765)	6,427
Accrued income taxes	2,084	(10,960)
Other assets and liabilities	(5,542)	(162,572)
Cash flows used in operating activities	(86,832)	(223,488)
Cash flows from investing activities
Additions to property, plant and equipment	(5,887)	(3,676)
Other investing activity	(2,496)	0
Cash flows used in investing activities	(8,383)	(3,676)
Cash flows from financing activities
Proceeds from short-term borrowings, net	113,293	125,982
Proceeds from delayed draw term loan A facility	0	100,000
Repayments of delayed draw term loan A facility	(1,250)	(1,250)
Repayment of term loan facilities	(4,688)	(4,688)
Dividends paid on common stock	(9,898)	0
Payment of employee restricted stock tax withholdings	(2,634)	(903)
Cash flows provided by financing activities	94,823	219,141
Effect of foreign exchange rate changes on cash	1,040	1,621
Net increase (decrease) in cash	648	(6,402)
Cash and restricted cash, beginning of year	47,722	79,140
Cash and restricted cash, end of period	48,370	72,738
Supplemental information
Non-cash additions to property, plant and equipment	774	121
Dividends declared to noncontrolling interests but not paid	2,400	2,400
Dividend equivalents declared not paid	201	169
Dividends declared to stockholders but not paid	$ 0	$ 8,983

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	Total	Total Shareholders' Equity Attributable to Acushnet Holdings Corp.	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Noncontrolling Interest
Changes in stockholders' equity
Adoption of new accounting standards	$ (1,501)	$ (1,501)			$ (6,132)	$ 4,631
Beginning balance at Dec. 31, 2017	847,392	814,728	$ 74	$ 894,727	(81,691)	1,618	$ 32,664
Beginning balance (in shares) at Dec. 31, 2017			74,479
Changes in stockholders' equity
Net income	43,090	41,484				41,484	1,606
Other comprehensive income	7,681	7,681			7,681
Share-based compensation	4,357	4,357		4,357
Vesting of restricted common stock, net of shares withheld for employee taxes	(2,633)	(2,633)	$ 1	(2,634)
Vesting of restricted common stock, net of shares withheld for employee taxes (in shares)			265
Dividends and dividend equivalents declared	(9,917)	(9,917)				(9,917)
Dividends declared to noncontrolling interests	(2,400)						(2,400)
Ending balance at Mar. 31, 2018	$ 886,069	$ 854,199	$ 75	$ 896,450	$ (80,142)	$ 37,816	$ 31,870
Ending balance (in shares) at Mar. 31, 2018			74,744

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed 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 variable interest entity (“VIE”) in which the Company is the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to current year presentation. 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. The year-end balance sheet data was derived from audited financial statements; however, the accompanying interim notes to the unaudited condensed consolidated financial statements do not include all disclosures required by 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 results of operations for the three months ended March 31, 2018 are not necessarily indicative of results to be expected for the full year ending December 31, 2018 , nor were those of the comparable 2017 period representative of those actually experienced for the full year ended December 31, 2017 . These unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes for the fiscal year ended December 31, 2017 included in its Annual Report on Form 10-K filed with the SEC on March 7, 2018 . Use of Estimates The preparation of the Company’s unaudited condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and judgments that affect reported amounts of assets, liabilities, shareholders’ equity, net sales and expenses, and the disclosure of contingent assets and liabilities in its unaudited condensed 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. 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 March 31, 2018 and December 31, 2017 . In addition, pursuant to the terms of the agreement governing the VIE, the Company is not required to provide financial support to the VIE. Cash and Restricted Cash Cash held in Company checking accounts is included in cash. Book overdrafts not subject to offset with other accounts with the same financial institution are classified as accounts payable. The Company classifies as restricted certain cash that is not available for use in its operations. As of March 31, 2018 and December 31, 2017 , the amount of restricted cash included in cash and restricted cash on the balance sheet was $2.4 million and $2.3 million , respectively. Accounts Receivable As of March 31, 2018 and December 31, 2017 , the allowance for doubtful accounts was $10.3 million and $10.0 million , respectively. Foreign Currency Translation and Transactions Foreign currency transaction gains included in selling, general and administrative expense were $2.0 million and $2.3 million for the three months ended March 31, 2018 and 2017 , respectively. Recently Adopted Accounting Standards Revenue from Contracts with Customers On January 1, 2018, the Company adopted the new accounting standard Accounting Standards Codification ("ASC") 606, " Revenue from Contracts with Customers" ("ASC 606") and all the related amendments (the “new revenue standard”) using the modified retrospective method. The Company recognized the cumulative effect of initially applying the new revenue standard as an adjustment to opening retained earnings (Note 2 ). The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. Income Statement—Reporting Comprehensive Income On January 1, 2018, the Company adopted Accounting Standards Update ("ASU") 2018‑02, “Income Statement—Reporting Comprehensive Income (Topic 220) —Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” As a result of the adoption of the amendments in this update, the Company recorded a reclassification from accumulated other comprehensive loss to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 (Note 10 ). The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. Financial Instruments - Recognition and Measurement On January 1, 2018, the Company adopted ASU 2016-01, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities" ("ASU 2016-01"). ASU 2016-01 supersedes the guidance to classify equity securities with readily determinable fair values into different categories (that is, trading or available-for-sale) and requires equity securities to be measured at fair value with changes in the fair value recognized through net income, among other items. As a result of the adoption of the amendments in this update, the Company recorded a reclassification of unrealized gains of $2.1 million from accumulated other comprehensive loss to retained earnings. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. Compensation—Retirement Benefits On January 1, 2018, the Company adopted ASU 2017‑07, “Compensation — Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post Retirement Benefit Cost” ("ASU 2017-07"). ASU 2017‑07 requires that an employer report the service cost component of net periodic pension and net periodic post retirement cost in the same line item as other compensation costs arising from services rendered by the employees during the period. It also requires the other components of net periodic pension and net periodic postretirement benefit cost to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. Additionally, only the service cost component is eligible for capitalization. As a result of the adoption of the amendments in this update, the Company recorded a reclassification of the non-service cost component of net periodic benefit cost of $0.2 million from selling, general and administrative expense to other (income) expense, net on the consolidated statement of operations for the three months ended March 31, 2017. The adoption of this standard also resulted in the restatement of the Company's segment operating income for the three months ended March 31, 2017 (Note 15 ). The Company also adopted the following standards during 2018, none of which had a material impact to the Company's financial statements or financial statement disclosures: Standard Effective Date ASU 2017‑09 Compensation—Stock Compensation: Scope of Modification Accounting January 1, 2018 ASU 2017‑01 Business Combinations: Clarifying the Definition of a Business January 1, 2018 ASU 2016‑16 Income Taxes: Intra-Entity Transfers of Assets other than Inventory January 1, 2018 ASU 2016‑15 Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments January 1, 2018 Recently Issued Accounting Standards Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities In August 2017, the Financial Accounting Standards Board ("FASB") issued ASU 2017‑12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities ” ("ASU 2017-12"). The amendments in this update expand and refine hedge accounting guidance and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. ASU 2017-12 also simplifies the application of hedge accounting guidance, hedge documentation requirements and the assessment of hedge effectiveness. ASU 2017‑12 is effective for annual periods beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted, including adoption in any interim period for which financial statements have not been issued or made available for issuance. The effect of adoption should be reflected as of the beginning of the fiscal year of adoption. The adoption of this standard is not expected to have a material impact on the consolidated financial statements. Intangibles—Goodwill and Other — Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017‑04, “ Intangibles—Goodwill and Other: Simplifying the Test for Goodwill Impairment ” ("ASU 2017-04"). ASU 2017‑04 removes the second step of the goodwill impairment test. Instead an entity will perform a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit’s carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. ASU 2017‑04 is effective for annual periods beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of this standard is not expected to have a material 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. While the Company is still in the process of completing its analysis on the complete impact this ASU will have on its consolidated financial statements and related disclosures, it does expect the adoption of this standard will have a material impact on its consolidated financial statements.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2018
Revenue From Contract With Customer [Abstract]
Revenue	Revenue On January 1, 2018, the Company adopted ASC 606 using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historic accounting under ASC 605, "Revenue Recognition" . The Company recorded a net reduction to opening retained earnings of $1.6 million as of January 1, 2018 due to the cumulative impact of adopting ASC 606, with the impact primarily related to a promotional holiday program. The impact of applying ASC 606 was an increase in net sales of $3.9 million and an increase in cost of sales of $1.3 million for the three months ended March 31, 2018 . Additionally, the Company reclassified the liability for refunds on expected returns from accounts receivable, net to accrued expenses and other liabilities and reclassified the value of inventory expected to be recovered related to sales returns from inventories to other assets as of March 31, 2018 . The refund liability for expected returns was $10.3 million and $13.5 million as of March 31, 2018 and December 31, 2017 , respectively. The value of inventory expected to be recovered related to sales returns was $4.9 million and $4.3 million as of March 31, 2018 and December 31, 2017 , respectively. The adoption of ASC 606 did not have any other material impacts to the financial statements. Accounting Policies Revenue is recognized when performance obligations under the terms of a contract with a customer are satisfied. The majority of the Company's contracts have a single performance obligation to transfer products. Accordingly, the Company recognizes revenue when title and risk of loss have been transferred to the customer, generally at the time of shipment or delivery of products, based on the terms of the contract and the jurisdiction of the sale. Revenue is recognized in an amount that reflects the consideration the Company expects to be entitled to in exchange for the products. Revenue is recognized net of allowances for discounts and sales returns. Sales taxes and other similar taxes are excluded from revenue. A large portion of the Company’s revenue is recognized at a point in time and made to customers who are not engaged in a long-term supply agreement or any form of contract with the Company. A large portion of sales are paid for on account with the majority of terms between 30 and 60 days, not to exceed one year. Costs associated with shipping and handling activities, such as merchandising, are included in selling, general and administrative expenses as revenue is recognized. The Company has made an accounting policy election to account for shipping and handling activities that occur after control of the related good transfers as fulfillment activities instead of assessing such activities as performance obligations. The Company reduces revenue by the amount of expected returns and records a corresponding refund liability in accrued expenses and other liabilities. The Company accounts for the right of return as variable consideration and recognizes a refund liability for the amount of consideration that it estimates will be refunded to customers. In addition, the Company recognizes an asset for the right to recover returned products in other assets on the consolidated balance sheets. Sales returns are estimated based upon historical rates of product returns, current economic trends and changes in customer demands as well as specific identification of outstanding returns. Contract Balances Accounts receivable, net, include amounts billed and currently due from customers. The amounts due are stated at their net estimated realizable value. The Company maintains an allowance for doubtful accounts to provide for the estimated amount of receivables that will not be collected. The allowance includes amounts for certain customers where a risk of default has been specifically identified as well as a provision for customer defaults on a formula basis when it is determined the risk of some default is probable and estimable, but cannot yet be associated with specific customers. The assessment of the likelihood of customer defaults is based on various factors, including credit risk assessments, length of time the receivables are past due, historical experience, customer specific information available to the Company and existing economic conditions. Customer Sales Incentives The Company offers sales-based incentive programs to certain customers in exchange for certain benefits, including prominent product placement and exclusive stocking by participating retailers. These programs typically provide qualifying customers with rebates for achieving certain purchase goals. The rebates can be settled in the form of cash or credits or in the form of free product. The rebates which are expected to be settled in the form of cash or credits are accounted for as variable consideration. The estimate of the variable consideration requires the use of assumptions related to the percentage of customers who will achieve qualifying purchase goals and the level of achievement. These assumptions are based on historical experience, current year program design, current marketplace conditions and sales forecasts, including considerations of the Company's product life cycles. The rebates which are expected to be settled in the form of product are estimated based upon historical experience and the terms of the customer programs and are accounted for as an additional performance obligation. This will be recognized as revenue when control of the free products earned transfers to the customer at the end of the related customer incentive program, which generally occurs within one year. Control of the free products generally transfers to the customer at the time of shipment. Practical Expedients and Exemptions The Company expenses sales commissions when incurred because the amortization period is one year or less. These costs are recorded within selling, general and administrative expense on the consolidated statements of operations. The Company has elected the practical expedient to not disclose information about remaining performance obligations that have original expected durations of one year or less. Disaggregated Revenue In general, the Company's business segmentation is aligned according to the nature and economic characteristics of its products and customer relationships and provides meaningful disaggregation of each business segment's results of operations. See Note 15 for the Company's business segment disclosures, as well as a further disaggregation of net sales by geographical area.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories were as follows: (in thousands) March 31, December 31, 2018 2017 Raw materials and supplies $ 64,510 $ 72,342 Work-in-process 28,299 23,956 Finished goods 270,519 267,664 Inventories $ 363,328 $ 363,962

Product Warranty

Product Warranty	3 Months Ended
	Mar. 31, 2018
Product Warranties Disclosures [Abstract]
Product Warranty	Product Warranty The Company has defined warranties ranging from one to two years. Products covered by the defined warranty policies include certain Titleist golf products, FootJoy golf shoes and FootJoy golf outerwear. These product warranties generally obligate the Company to pay for the cost of replacement products, including the cost of shipping replacement products to its customers. 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 March 31, (in thousands) 2018 2017 Balance at beginning of period $ 3,823 $ 3,526 Provision 1,195 1,086 Claims paid/costs incurred (913 ) (901 ) Foreign currency translation 43 53 Balance at end of period $ 4,148 $ 3,764

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Other current assets includes receivables from related parties of $0.5 million as of December 31, 2017 . Accrued expenses and other liabilities includes dividends payable to noncontrolling interests of $2.4 million as of March 31, 2018 .

Debt and Financing Arrangements

Debt and Financing Arrangements	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Debt and Financing Arrangements	Debt and Financing Arrangements Senior Secured Credit Facility There were outstanding borrowings under the revolving credit facility of $122.9 million and $10.1 million as of March 31, 2018 and December 31, 2017 , respectively. The weighted average interest rate applicable to the outstanding borrowings was 3.35% and 4.44% as of March 31, 2018 and December 31, 2017 , respectively. The credit agreement contains a number of covenants that, among other things, restrict the ability of the U.S. Borrower and its restricted subsidiaries to (subject to certain exceptions), incur, assume, or permit to exist additional indebtedness or guarantees; incur liens; make investments and loans; pay dividends, make payments, or redeem or repurchase capital stock or make prepayments, repurchases or redemptions of certain indebtedness; engage in mergers, liquidations, dissolutions, asset sales, and other dispositions (including sale leaseback transactions); amend or otherwise alter terms of certain indebtedness or certain other agreements; enter into agreements limiting subsidiary distributions or containing negative pledge clauses; engage in certain transactions with affiliates; alter the nature of the business that we conduct or change our fiscal year or accounting practices. Certain exceptions to these covenants are determined based on ratios that are calculated in part using the calculation of Adjusted EBITDA. The credit agreement covenants also restrict the ability of Acushnet Holdings Corp. to engage in certain mergers or consolidations or engage in any activities other than permitted activities. The Company’s credit agreement contains certain 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. As of March 31, 2018 , the Company was in compliance with all covenants under the credit agreement. As of March 31, 2018 , the Company had available borrowings under its revolving credit facility of $143.4 million after giving effect to $8.7 million of outstanding letters of credit. Other Short-Term Borrowings The Company has certain unsecured credit facilities available through its subsidiary locations. There were outstanding borrowings under the Company's local credit facilities of $12.3 million and $10.3 million as of March 31, 2018 and December 31, 2017 , respectively. The weighted average interest rate applicable to the outstanding borrowings was 0.17% and 0.73% as of March 31, 2018 and December 31, 2017 , respectively. As of March 31, 2018 , the Company had available borrowings remaining under these unsecured facilities of $54.2 million . Letters of Credit As of March 31, 2018 and December 31, 2017 , there were outstanding letters of credit totaling $13.1 million and $14.3 million , respectively, of which $9.8 million and $11.2 million was secured, respectively, related to agreements which provided a maximum commitment for letters of credit of $29.5 million and $29.2 million , respectively.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments 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 are foreign exchange forward contracts. The Company does not enter into foreign exchange forward contracts for trading or speculative purposes. Foreign exchange forward 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 forward contracts correspond to the periods of the forecasted transactions, which do not exceed 24 months subsequent to the latest balance sheet date. The primary foreign exchange forward 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 outstanding of all foreign exchange forward contracts designated under hedge accounting as of March 31, 2018 and December 31, 2017 was $266.6 million and $278.9 million , respectively. The counterparties to derivative contracts are major financial institutions. The credit risk of counterparties does not have a significant impact on the valuation of the Company’s derivative instruments. The fair values of foreign exchange hedges on the consolidated balance sheets were as follows: Balance Sheet March 31, December 31, (in thousands) Location 2018 2017 Asset derivatives Other current assets $ 2,342 $ 4,675 Other noncurrent assets 104 562 Liability derivatives Other current liabilities 7,186 6,360 Other noncurrent liabilities 2,440 276 The foreign exchange hedge loss recognized in accumulated other comprehensive income (loss) was as follows: Three months ended March 31, (in thousands) 2018 2017 Type of hedge Cash flow $ (7,081 ) $ (11,745 ) $ (7,081 ) $ (11,745 ) The foreign exchange hedge gain (loss) recognized on the consolidated statements of operations was as follows: Three months ended March 31, (in thousands) 2018 2017 Location of gain (loss) in statement of operations Cost of goods sold $ (708 ) $ 1,811 Selling, general and administrative expense (668 ) (1,719 ) $ (1,376 ) $ 92 Gains and losses on derivatives designated as cash flow hedges are reclassified from other comprehensive income (loss) to cost of goods sold at the time the forecasted transaction impacts the income statement. Based on the current valuation, the Company expects to reclassify a net loss of $5.3 million from accumulated other comprehensive income (loss) into cost of goods sold during the next 12 months.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	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 March 31, 2018 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 10,147 $ — $ — Other current assets Foreign exchange derivative instruments — 2,342 — Other current assets Deferred compensation program assets 1,855 — — Other noncurrent assets Foreign exchange derivative instruments — 104 — Other noncurrent assets Total assets $ 12,002 $ 2,446 $ — Liabilities Foreign exchange derivative instruments $ — $ 7,186 $ — Other current liabilities Deferred compensation program liabilities 1,855 — — Other noncurrent liabilities Foreign exchange derivative instruments — 2,440 — Other noncurrent liabilities Total liabilities $ 1,855 $ 9,626 $ — Fair Value Measurements as of December 31, 2017 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 10,637 $ — $ — Other current assets Foreign exchange derivative instruments — 4,675 — Other current assets Deferred compensation program assets 1,866 — — Other noncurrent assets Foreign exchange derivative instruments — 562 — Other noncurrent assets Total assets $ 12,503 $ 5,237 $ — Liabilities Foreign exchange derivative instruments $ — $ 6,360 $ — Other current liabilities Deferred compensation program liabilities 1,866 — — Other noncurrent liabilities Foreign exchange derivative instruments — 276 — Other noncurrent liabilities Total liabilities $ 1,866 $ 6,636 $ — During the three months ended March 31, 2018 and the year ended December 31, 2017 , there were no transfers between Level 1, Level 2 and Level 3 assets and liabilities. 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 foreign exchange forward contracts primarily used to hedge currency fluctuations for transactions denominated in a foreign currency (Note 7 ). 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.

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	3 Months Ended
	Mar. 31, 2018
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits	Pension and Other Postretirement Benefits Components of net periodic benefit cost were as follows: Pension Benefits Postretirement Benefits Three months ended March 31, (in thousands) 2018 2017 2018 2017 Components of net periodic benefit cost Service cost $ 2,443 $ 2,337 $ 175 $ 235 Interest cost 2,958 3,018 127 174 Expected return on plan assets (3,279 ) (3,013 ) — — Settlement expense 8 131 — — Amortization of net (gain) loss 520 39 (351 ) (166 ) Amortization of prior service cost (credit) 44 44 (34 ) (41 ) Net periodic benefit cost $ 2,694 $ 2,556 $ (83 ) $ 202 The non-service cost components of net periodic benefit cost are included in other (income) expense, net in the unaudited condensed consolidated statement of operations.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense decreased by $7.3 million , to $15.2 million for the three months ended March 31, 2018 compared to $22.5 million for the three months ended March 31, 2017 . The Company’s effective tax rate (“ETR”) was 26.1% for the three months ended March 31, 2018 , compared to 36.2% for the three months ended March 31, 2017 . The decrease in ETR was primarily driven by the significant reduction in the federal corporate income tax rate that became effective January 1, 2018 as a result of the enactment of the Tax Cuts and Jobs Act (the “Tax Act”), and the impact of changes in the Company’s geographic mix of earnings. In connection with The Tax Act, the Company recorded a provisional amount of $14.0 million within income tax expense for the year ended December 31, 2017. In accordance with relevant SEC guidance (“SAB 118”), the effects of the Tax Act may be adjusted within a one-year measurement period from the enactment date for items that were previously reported as provisional, or where a provisional estimate could not be made. The Company continues to analyze the different aspects of the Tax Act which could potentially affect the provisional estimates that were recorded at December 31, 2017. The income tax provision for the three months ended March 31, 2018 , did not reflect any adjustment to the provisional amounts previously provided. The Company early adopted ASU 2018-02 on January 1, 2018, and as a result, recorded a net increase to beginning retained earnings and a decrease to accumulated other comprehensive income (loss) of $4.1 million . This entry reclassified the stranded tax effects resulting from the Tax Act on the Company’s U.S. pension plans, available-for-sale securities and certain foreign currency losses. The Company's accounting policy on accounting for income tax effects in accumulated other comprehensive income (loss) with respect to available-for-sale securities, pension, postretirement benefit plan obligations and currency translation matters is to apply the impact in the aggregate.

Common Stock

Common Stock	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Common Stock	Common Stock The Company declared dividends per common share, including dividend equivalent rights (Note 12 ), during the periods presented as follows: (in thousands, except per share amounts) Dividends per Common Share Amount 2018: First Quarter $ 0.13 $ 9,917 2017: Fourth Quarter $ 0.12 $ 9,098 Third Quarter 0.12 9,146 Second Quarter 0.12 9,149 First Quarter 0.12 9,152 Total dividends declared in 2017 $ 0.48 $ 36,545 During the second quarter of 2018 , the board of directors declared a dividend of $0.13 per common share to shareholders on record as of June 1, 2018 and payable on June 15, 2018 .

Equity Incentive Plans

Equity Incentive Plans	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity Incentive Plans	Equity Incentive Plans Under the Acushnet Holdings Corp. 2015 Omnibus Incentive Plan (“2015 Plan”) the Company may grant stock options, stock appreciation rights, restricted shares of common stock, restricted stock units ("RSUs"), performance stock units (“PSUs”) and other share-based and cash-based awards to members of the board of directors, officers, employees, consultants and advisors of the Company. As of March 31, 2018 , the only awards outstanding are RSUs and PSUs. All RSUs and PSUs granted under the 2015 Plan have dividend equivalent rights (“DERs”), which entitle holders of RSUs and PSUs to the same dividend value per share as holders of common stock. DERs are subject to the same vesting and other terms and conditions as the corresponding unvested RSUs and PSUs. DERs are paid when the underlying shares vest. Restricted Stock and Performance Stock Units A summary of the Company’s RSUs and PSUs as of March 31, 2018 and changes during the three months then ended is presented below: Weighted- Number Average of Fair RSUs and PSUs Value Outstanding at December 31, 2017 2,060,854 $ 20.23 Granted 154,463 21.27 Vested (388,012 ) 20.30 Forfeited — — Outstanding at March 31, 2018 1,827,305 $ 20.30 During 2018 , RSUs vested resulting in the issuance of 388,012 shares of common stock, of which 122,795 shares of common stock were delivered to the Company as payment by employees in lieu of cash to satisfy tax withholding obligations. As of March 31, 2018 , no PSUs have vested. The compensation expense recorded for the three months ended March 31, 2018 related to the PSUs was based on the Company’s best estimate of the three year cumulative Adjusted EBITDA forecast as of March 31, 2018 . The Company reassesses the estimate of the three ‑year cumulative Adjusted EBITDA forecast at the end of each reporting period. The remaining unrecognized compensation expense related to non‑vested RSUs and non‑vested PSUs granted was $9.5 million and $4.6 million , respectively, as of March 31, 2018 and is expected to be recognized over the related weighted average period of 1.25 years . The allocation of compensation expense related to equity incentive plans in the consolidated statement of operations was as follows: Three months ended March 31, (in thousands) 2018 2017 Cost of goods sold $ 94 $ 113 Selling, general and administrative expense 3,733 3,406 Research and development 299 328 Total compensation expense before income tax 4,126 3,847 Income tax benefit 853 1,323 Total compensation expense, net of income tax $ 3,273 $ 2,524

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss), Net of Tax	3 Months Ended
	Mar. 31, 2018
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Accumulated Other Comprehensive Income (Loss), Net of Tax	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 (Note 7 ) and pension and other postretirement adjustments (Note 9 ). Prior to the adoption of ASU 2016-01 on January 1, 2018, accumulated other comprehensive income (loss), net of tax included unrealized gains and losses from available-for-sale securities (Note 1 ). The components of and changes in accumulated other comprehensive income (loss), net of tax, were as follows: Foreign Gains (Losses) on Gains (Losses) Pension and Accumulated Currency Foreign Exchange on Available- Other Other Translation Derivative for-Sale Postretirement Comprehensive (in thousands) Adjustments Instruments Securities Adjustments Loss Balance at December 31, 2017 $ (57,711 ) $ (2,280 ) $ 1,721 $ (23,421 ) $ (81,691 ) Adoption of new accounting standards (Note 1 & 10) (2,171 ) — (1,721 ) (2,240 ) (6,132 ) Other comprehensive income (loss) before reclassifications 11,913 (7,081 ) — 221 5,053 Amounts reclassified from accumulated other comprehensive loss — 708 — (187 ) 521 Tax benefit (expense) — 2,113 — (6 ) 2,107 Balance at March 31, 2018 $ (47,969 ) $ (6,540 ) $ — $ (25,633 ) $ (80,142 )

Net Income per Common Share

Net Income per Common Share	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Net Income per Common Share	Net Income per Common Share The following is a computation of basic and diluted net income per common share attributable to Acushnet Holdings Corp.: Three months ended March 31, (in thousands, except share and per share amounts) 2018 2017 Net income attributable to Acushnet Holdings Corp. $ 41,484 $ 38,114 Weighted average number of common shares: Basic 74,650,237 74,220,771 Diluted 74,793,823 74,250,155 Net income per common share attributable to Acushnet Holdings Corp.: Basic $ 0.56 $ 0.51 Diluted $ 0.55 $ 0.51 Net income per common share attributable to Acushnet Holdings Corp. for the three months ended March 31, 2018 and 2017 was calculated under the treasury stock method . The Company’s potential dilutive securities for the three months ended March 31, 2018 and 2017 include RSUs and PSUs. PSUs vest based upon achievement of performance targets and are excluded from the diluted shares outstanding unless the performance targets have been met as of the end of the applicable reporting period regardless of whether such performance targets are probable of achievement. For the three months ended March 31, 2018 and 2017 , 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: Three months ended March 31, 2018 2017 RSUs — 404,148

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Information	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, transaction fees 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 months ended March 31, 2018 and 2017 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 March 31, 2018 2017 Net sales Titleist golf balls $ 124,906 $ 134,192 Titleist golf clubs 116,893 101,942 Titleist golf gear 44,345 42,390 FootJoy golf wear 140,706 142,241 Other 14,951 12,850 Total net sales $ 441,801 $ 433,615 Segment operating income Titleist golf balls $ 13,980 $ 21,162 Titleist golf clubs 16,383 11,421 Titleist golf gear 7,784 7,304 FootJoy golf wear 20,255 21,137 Other 2,547 2,828 Total segment operating income 60,949 63,852 Reconciling items: Interest expense, net (4,408 ) (2,922 ) Transaction fees — (94 ) Other 1,769 1,279 Total income before income tax $ 58,310 $ 62,115 Net sales by geographical area for the three months ended March 31, 2018 and 2017 are as follows: Three months ended March 31, (in thousands) 2018 2017 United States $ 219,289 $ 223,115 EMEA 73,042 68,009 Japan 52,129 50,053 Korea 52,675 49,882 Rest of world 44,666 42,556 Total net sales $ 441,801 $ 433,615

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	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 March 31, 2018 . Purchase obligations by the Company as of March 31, 2018 were as follows: Payments Due by Period Remainder of (in thousands) 2018 2019 2020 2021 2022 Thereafter Purchase obligations $ 134,086 $ 16,305 $ 6,009 $ 2,665 $ 912 $ 2,418 Contingencies In connection with the Company’s acquisition of Acushnet Company, Beam Suntory, Inc indemnified the Company for certain tax related obligations that relate to periods during which Fortune Brands, Inc. owned Acushnet Company. As of March 31, 2018 and December 31, 2017 , the Company’s estimate of its receivable for these indemnifications was $8.6 million and $8.7 million , respectively, which was recorded in other noncurrent assets on the consolidated balance sheet. Litigation 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.

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed 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 variable interest entity (“VIE”) in which the Company is the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to current year presentation. 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. The year-end balance sheet data was derived from audited financial statements; however, the accompanying interim notes to the unaudited condensed consolidated financial statements do not include all disclosures required by 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 results of operations for the three months ended March 31, 2018 are not necessarily indicative of results to be expected for the full year ending December 31, 2018 , nor were those of the comparable 2017 period representative of those actually experienced for the full year ended December 31, 2017 . These unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes for the fiscal year ended December 31, 2017 included in its Annual Report on Form 10-K filed with the SEC on March 7, 2018 .
Use of Estimates	Use of Estimates The preparation of the Company’s unaudited condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and judgments that affect reported amounts of assets, liabilities, shareholders’ equity, net sales and expenses, and the disclosure of contingent assets and liabilities in its unaudited condensed 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. 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 March 31, 2018 and December 31, 2017 . In addition, pursuant to the terms of the agreement governing the VIE, the Company is not required to provide financial support to the VIE.
Cash and Restricted Cash	Cash and Restricted Cash Cash held in Company checking accounts is included in cash. Book overdrafts not subject to offset with other accounts with the same financial institution are classified as accounts payable. The Company classifies as restricted certain cash that is not available for use in its operations. As of March 31, 2018 and December 31, 2017 , the amount of restricted cash included in cash and restricted cash on the balance sheet was $2.4 million and $2.3 million , respectively.
Accounts Receivable	Accounts Receivable As of March 31, 2018 and December 31, 2017 , the allowance for doubtful accounts was $10.3 million and $10.0 million , respectively.
Foreign Currency Translation and Transactions	Foreign Currency Translation and Transactions Foreign currency transaction gains included in selling, general and administrative expense were $2.0 million and $2.3 million for the three months ended March 31, 2018 and 2017 , respectively.
Recently Adopted Accounting Standards and Recently Issued Accounting Standards	Recently Adopted Accounting Standards Revenue from Contracts with Customers On January 1, 2018, the Company adopted the new accounting standard Accounting Standards Codification ("ASC") 606, " Revenue from Contracts with Customers" ("ASC 606") and all the related amendments (the “new revenue standard”) using the modified retrospective method. The Company recognized the cumulative effect of initially applying the new revenue standard as an adjustment to opening retained earnings (Note 2 ). The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. Income Statement—Reporting Comprehensive Income On January 1, 2018, the Company adopted Accounting Standards Update ("ASU") 2018‑02, “Income Statement—Reporting Comprehensive Income (Topic 220) —Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” As a result of the adoption of the amendments in this update, the Company recorded a reclassification from accumulated other comprehensive loss to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 (Note 10 ). The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. Financial Instruments - Recognition and Measurement On January 1, 2018, the Company adopted ASU 2016-01, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities" ("ASU 2016-01"). ASU 2016-01 supersedes the guidance to classify equity securities with readily determinable fair values into different categories (that is, trading or available-for-sale) and requires equity securities to be measured at fair value with changes in the fair value recognized through net income, among other items. As a result of the adoption of the amendments in this update, the Company recorded a reclassification of unrealized gains of $2.1 million from accumulated other comprehensive loss to retained earnings. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. Compensation—Retirement Benefits On January 1, 2018, the Company adopted ASU 2017‑07, “Compensation — Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post Retirement Benefit Cost” ("ASU 2017-07"). ASU 2017‑07 requires that an employer report the service cost component of net periodic pension and net periodic post retirement cost in the same line item as other compensation costs arising from services rendered by the employees during the period. It also requires the other components of net periodic pension and net periodic postretirement benefit cost to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. Additionally, only the service cost component is eligible for capitalization. As a result of the adoption of the amendments in this update, the Company recorded a reclassification of the non-service cost component of net periodic benefit cost of $0.2 million from selling, general and administrative expense to other (income) expense, net on the consolidated statement of operations for the three months ended March 31, 2017. The adoption of this standard also resulted in the restatement of the Company's segment operating income for the three months ended March 31, 2017 (Note 15 ). The Company also adopted the following standards during 2018, none of which had a material impact to the Company's financial statements or financial statement disclosures: Standard Effective Date ASU 2017‑09 Compensation—Stock Compensation: Scope of Modification Accounting January 1, 2018 ASU 2017‑01 Business Combinations: Clarifying the Definition of a Business January 1, 2018 ASU 2016‑16 Income Taxes: Intra-Entity Transfers of Assets other than Inventory January 1, 2018 ASU 2016‑15 Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments January 1, 2018 Recently Issued Accounting Standards Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities In August 2017, the Financial Accounting Standards Board ("FASB") issued ASU 2017‑12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities ” ("ASU 2017-12"). The amendments in this update expand and refine hedge accounting guidance and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. ASU 2017-12 also simplifies the application of hedge accounting guidance, hedge documentation requirements and the assessment of hedge effectiveness. ASU 2017‑12 is effective for annual periods beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted, including adoption in any interim period for which financial statements have not been issued or made available for issuance. The effect of adoption should be reflected as of the beginning of the fiscal year of adoption. The adoption of this standard is not expected to have a material impact on the consolidated financial statements. Intangibles—Goodwill and Other — Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017‑04, “ Intangibles—Goodwill and Other: Simplifying the Test for Goodwill Impairment ” ("ASU 2017-04"). ASU 2017‑04 removes the second step of the goodwill impairment test. Instead an entity will perform a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit’s carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. ASU 2017‑04 is effective for annual periods beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of this standard is not expected to have a material 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. While the Company is still in the process of completing its analysis on the complete impact this ASU will have on its consolidated financial statements and related disclosures, it does expect the adoption of this standard will have a material impact on its consolidated financial statements.

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Standards adopted during 2018	The Company also adopted the following standards during 2018, none of which had a material impact to the Company's financial statements or financial statement disclosures: Standard Effective Date ASU 2017‑09 Compensation—Stock Compensation: Scope of Modification Accounting January 1, 2018 ASU 2017‑01 Business Combinations: Clarifying the Definition of a Business January 1, 2018 ASU 2016‑16 Income Taxes: Intra-Entity Transfers of Assets other than Inventory January 1, 2018 ASU 2016‑15 Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments January 1, 2018

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Schedule of inventory	The components of inventories were as follows: (in thousands) March 31, December 31, 2018 2017 Raw materials and supplies $ 64,510 $ 72,342 Work-in-process 28,299 23,956 Finished goods 270,519 267,664 Inventories $ 363,328 $ 363,962

Product Warranty (Tables)

Product Warranty (Tables)	3 Months Ended
	Mar. 31, 2018
Product Warranties Disclosures [Abstract]
Schedule of warranty obligation for accrued warranty expense	The activity related to the Company’s warranty obligation for accrued warranty expense was as follows: Three months ended March 31, (in thousands) 2018 2017 Balance at beginning of period $ 3,823 $ 3,526 Provision 1,195 1,086 Claims paid/costs incurred (913 ) (901 ) Foreign currency translation 43 53 Balance at end of period $ 4,148 $ 3,764

Derivative Financial Instrume28

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of fair values in foreign exchange hedges on the consolidated balance sheets	The fair values of foreign exchange hedges on the consolidated balance sheets were as follows: Balance Sheet March 31, December 31, (in thousands) Location 2018 2017 Asset derivatives Other current assets $ 2,342 $ 4,675 Other noncurrent assets 104 562 Liability derivatives Other current liabilities 7,186 6,360 Other noncurrent liabilities 2,440 276
Effect of foreign exchange hedges on accumulated other comprehensive income (loss)	The foreign exchange hedge loss recognized in accumulated other comprehensive income (loss) was as follows: Three months ended March 31, (in thousands) 2018 2017 Type of hedge Cash flow $ (7,081 ) $ (11,745 ) $ (7,081 ) $ (11,745 )
Effect of foreign exchange hedges in the consolidated statement of operations	The foreign exchange hedge gain (loss) recognized on the consolidated statements of operations was as follows: Three months ended March 31, (in thousands) 2018 2017 Location of gain (loss) in statement of operations Cost of goods sold $ (708 ) $ 1,811 Selling, general and administrative expense (668 ) (1,719 ) $ (1,376 ) $ 92

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis	Assets and liabilities measured at fair value on a recurring basis were as follows: Fair Value Measurements as of March 31, 2018 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 10,147 $ — $ — Other current assets Foreign exchange derivative instruments — 2,342 — Other current assets Deferred compensation program assets 1,855 — — Other noncurrent assets Foreign exchange derivative instruments — 104 — Other noncurrent assets Total assets $ 12,002 $ 2,446 $ — Liabilities Foreign exchange derivative instruments $ — $ 7,186 $ — Other current liabilities Deferred compensation program liabilities 1,855 — — Other noncurrent liabilities Foreign exchange derivative instruments — 2,440 — Other noncurrent liabilities Total liabilities $ 1,855 $ 9,626 $ — Fair Value Measurements as of December 31, 2017 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 10,637 $ — $ — Other current assets Foreign exchange derivative instruments — 4,675 — Other current assets Deferred compensation program assets 1,866 — — Other noncurrent assets Foreign exchange derivative instruments — 562 — Other noncurrent assets Total assets $ 12,503 $ 5,237 $ — Liabilities Foreign exchange derivative instruments $ — $ 6,360 $ — Other current liabilities Deferred compensation program liabilities 1,866 — — Other noncurrent liabilities Foreign exchange derivative instruments — 276 — Other noncurrent liabilities Total liabilities $ 1,866 $ 6,636 $ —

Pension and Other Postretirem30

Pension and Other Postretirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2018
Compensation and Retirement Disclosure [Abstract]
Schedule of components of net periodic benefit cost	Components of net periodic benefit cost were as follows: Pension Benefits Postretirement Benefits Three months ended March 31, (in thousands) 2018 2017 2018 2017 Components of net periodic benefit cost Service cost $ 2,443 $ 2,337 $ 175 $ 235 Interest cost 2,958 3,018 127 174 Expected return on plan assets (3,279 ) (3,013 ) — — Settlement expense 8 131 — — Amortization of net (gain) loss 520 39 (351 ) (166 ) Amortization of prior service cost (credit) 44 44 (34 ) (41 ) Net periodic benefit cost $ 2,694 $ 2,556 $ (83 ) $ 202

Common Stock (Tables)

Common Stock (Tables)	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Schedule of declared dividends per share	The Company declared dividends per common share, including dividend equivalent rights (Note 12 ), during the periods presented as follows: (in thousands, except per share amounts) Dividends per Common Share Amount 2018: First Quarter $ 0.13 $ 9,917 2017: Fourth Quarter $ 0.12 $ 9,098 Third Quarter 0.12 9,146 Second Quarter 0.12 9,149 First Quarter 0.12 9,152 Total dividends declared in 2017 $ 0.48 $ 36,545

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of summary of the Company’s restricted and performance stock units	A summary of the Company’s RSUs and PSUs as of March 31, 2018 and changes during the three months then ended is presented below: Weighted- Number Average of Fair RSUs and PSUs Value Outstanding at December 31, 2017 2,060,854 $ 20.23 Granted 154,463 21.27 Vested (388,012 ) 20.30 Forfeited — — Outstanding at March 31, 2018 1,827,305 $ 20.30
Schedule of compensation expense related to equity incentive plans	The allocation of compensation expense related to equity incentive plans in the consolidated statement of operations was as follows: Three months ended March 31, (in thousands) 2018 2017 Cost of goods sold $ 94 $ 113 Selling, general and administrative expense 3,733 3,406 Research and development 299 328 Total compensation expense before income tax 4,126 3,847 Income tax benefit 853 1,323 Total compensation expense, net of income tax $ 3,273 $ 2,524

Accumulated Other Comprehensi33

Accumulated Other Comprehensive Income (Loss), Net of Tax (Tables)	3 Months Ended
	Mar. 31, 2018
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Schedule of changes in each component of accumulated comprehensive income (loss), net of tax effects	The components of and changes in accumulated other comprehensive income (loss), net of tax, were as follows: Foreign Gains (Losses) on Gains (Losses) Pension and Accumulated Currency Foreign Exchange on Available- Other Other Translation Derivative for-Sale Postretirement Comprehensive (in thousands) Adjustments Instruments Securities Adjustments Loss Balance at December 31, 2017 $ (57,711 ) $ (2,280 ) $ 1,721 $ (23,421 ) $ (81,691 ) Adoption of new accounting standards (Note 1 & 10) (2,171 ) — (1,721 ) (2,240 ) (6,132 ) Other comprehensive income (loss) before reclassifications 11,913 (7,081 ) — 221 5,053 Amounts reclassified from accumulated other comprehensive loss — 708 — (187 ) 521 Tax benefit (expense) — 2,113 — (6 ) 2,107 Balance at March 31, 2018 $ (47,969 ) $ (6,540 ) $ — $ (25,633 ) $ (80,142 )

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted net income per common share	The following is a computation of basic and diluted net income per common share attributable to Acushnet Holdings Corp.: Three months ended March 31, (in thousands, except share and per share amounts) 2018 2017 Net income attributable to Acushnet Holdings Corp. $ 41,484 $ 38,114 Weighted average number of common shares: Basic 74,650,237 74,220,771 Diluted 74,793,823 74,250,155 Net income per common share attributable to Acushnet Holdings Corp.: Basic $ 0.56 $ 0.51 Diluted $ 0.55 $ 0.51
Schedule of securities excluded from the calculation of diluted weighted average common shares.	For the three months ended March 31, 2018 and 2017 , 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: Three months ended March 31, 2018 2017 RSUs — 404,148

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Schedule of information by reportable segment and a reconciliation to reported amounts	Information by reportable segment and a reconciliation to reported amounts are as follows: (in thousands) Three months ended March 31, 2018 2017 Net sales Titleist golf balls $ 124,906 $ 134,192 Titleist golf clubs 116,893 101,942 Titleist golf gear 44,345 42,390 FootJoy golf wear 140,706 142,241 Other 14,951 12,850 Total net sales $ 441,801 $ 433,615 Segment operating income Titleist golf balls $ 13,980 $ 21,162 Titleist golf clubs 16,383 11,421 Titleist golf gear 7,784 7,304 FootJoy golf wear 20,255 21,137 Other 2,547 2,828 Total segment operating income 60,949 63,852 Reconciling items: Interest expense, net (4,408 ) (2,922 ) Transaction fees — (94 ) Other 1,769 1,279 Total income before income tax $ 58,310 $ 62,115
Schedule of net sales by geographical area	Net sales by geographical area for the three months ended March 31, 2018 and 2017 are as follows: Three months ended March 31, (in thousands) 2018 2017 United States $ 219,289 $ 223,115 EMEA 73,042 68,009 Japan 52,129 50,053 Korea 52,675 49,882 Rest of world 44,666 42,556 Total net sales $ 441,801 $ 433,615

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of purchase obligations	Purchase obligations by the Company as of March 31, 2018 were as follows: Payments Due by Period Remainder of (in thousands) 2018 2019 2020 2021 2022 Thereafter Purchase obligations $ 134,086 $ 16,305 $ 6,009 $ 2,665 $ 912 $ 2,418

Summary of Significant Accoun37

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Cash and Restricted Cash
Restricted cash	$ 2,400,000		$ 2,300,000
Accounts receivable
Allowance for doubtful accounts	10,300,000		10,000,000
Recently Adopted Accounting Standards
Reclassification of unrealized gains			(1,501,000)
Accumulated Other Comprehensive Loss
Recently Adopted Accounting Standards
Reclassification of unrealized gains			(6,132,000)
Retained Earnings
Recently Adopted Accounting Standards
Reclassification of unrealized gains			4,631,000
Accounting Standards Update 2016-01 | Accumulated Other Comprehensive Loss
Recently Adopted Accounting Standards
Reclassification of unrealized gains			(2,100,000)
Accounting Standards Update 2016-01 | Retained Earnings
Recently Adopted Accounting Standards
Reclassification of unrealized gains			2,100,000
Accounting Standards Update 2017-07
Recently Adopted Accounting Standards
Non-service cost component of net periodic benefit cost		$ 200,000
Selling, general and administrative
Foreign currency translation and transactions
Transaction gain (loss) included in selling, general and administrative expense	$ 2,000,000	$ 2,300,000
VIE
Variable interest entities
Ownership percentage	40.00%
Outstanding borrowings	$ 0		$ 0

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net reduction to opening retained earnings	$ (37,816)		$ (1,618)
Increase in net sales	441,801	$ 433,615
Increase in cost of sales	$ 214,127	$ 207,200
Minimum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Term of contract	30 days
Maximum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Term of contract	60 days
Accounting Standards Update 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Refund liability for expected returns	$ 10,300		13,500
Inventory expected to be recovered related to sales returns	4,900		4,300
Accounting Standards Update 2014-09 | Difference Between Revenue Guidance in Effect Before and After Topic 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net reduction to opening retained earnings			$ 1,600
Increase in net sales	3,900
Increase in cost of sales	$ 1,300

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 64,510	$ 72,342
Work-in-process	28,299	23,956
Finished goods	270,519	267,664
Inventories	$ 363,328	$ 363,962

Product Warranty (Details)

Product Warranty (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Activity for accrued warranty expense
Balance at beginning of period	$ 3,823	$ 3,526
Provision	1,195	1,086
Claims paid/costs incurred	(913)	(901)
Foreign currency translation	43	53
Balance at end of period	$ 4,148	$ 3,764
Minimum
Product Warranty Liability [Line Items]
Product warranty period	1 year
Maximum
Product Warranty Liability [Line Items]
Product warranty period	2 years

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Related Party Transaction [Line Items]
Dividends payable	$ 0		$ 8,983
Other current assets
Related Party Transaction [Line Items]
Receivables from related parties		$ 500
Accrued expenses and other liabilities | Noncontrolling Interest
Related Party Transaction [Line Items]
Dividends payable	$ 2,400

Debt and Financing Arrangemen42

Debt and Financing Arrangements (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Line of Credit Facility [Line Items]
Weighted average interest rate		0.73%
Unsecured Credit Facilities
Line of Credit Facility [Line Items]
Weighted average interest rate	0.17%
Available borrowings	$ 54.2
Other short-term borrowings, outstanding borrowings	12.3	$ 10.3
Letters of credit
Line of Credit Facility [Line Items]
Outstanding borrowings	8.7
Revolving credit facility
Line of Credit Facility [Line Items]
Outstanding borrowings	$ 122.9	$ 10.1
Weighted average interest rate	3.35%	4.44%
Available borrowings	$ 143.4
Letters of credit
Line of Credit Facility [Line Items]
Outstanding borrowings	13.1	$ 14.3
Line of credit secured	9.8	11.2
Maximum commitment	$ 29.5	$ 29.2

Derivative Financial Instrume43

Derivative Financial Instruments - Fair value of foreign exchange derivative instruments in consolidated balance sheets (Details) - Foreign exchange forward contracts - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Derivative designated as hedging
Derivatives, Fair Value [Line Items]
Notional amount	$ 266,600	$ 278,900
Derivative designated as hedging | Other current assets
Derivatives, Fair Value [Line Items]
Asset derivatives	2,342	4,675
Derivative designated as hedging | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Asset derivatives	104	562
Derivative designated as hedging | Other current liabilities
Derivatives, Fair Value [Line Items]
Liability derivatives	7,186	6,360
Derivative designated as hedging | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Liability derivatives	$ 2,440	$ 276
Maximum
Derivatives, Fair Value [Line Items]
Term of derivative contract	24 months

Derivative Financial Instrume44

Derivative Financial Instruments - Effect of foreign exchange derivative instruments in comprehensive income (loss) and statement of operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Expected reclassification of loss recorded in accumulated other comprehensive income (loss) into cost of goods sold during next twelve months	$ 5,300
Derivative designated as hedging | Foreign exchange forward contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized in accumulated other comprehensive income (loss)	(7,081)	$ (11,745)
Gain (Loss) recognized on consolidated statements of operations	(1,376)	92
Derivative designated as hedging | Foreign exchange forward contracts | Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized on consolidated statements of operations	(708)	1,811
Derivative designated as hedging | Foreign exchange forward contracts | Selling, general and administrative expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized on consolidated statements of operations	(668)	(1,719)
Derivative designated as hedging | Foreign exchange forward contracts | Cash flow
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized in accumulated other comprehensive income (loss)	$ (7,081)	$ (11,745)

Fair Value Measurements - Asset

Fair Value Measurements - Assets and liabilities at fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Level 1
Assets
Total assets	$ 12,002	$ 12,503
Liabilities
Total liabilities	1,855	1,866
Level 2
Assets
Total assets	2,446	5,237
Liabilities
Total liabilities	9,626	6,636
Level 3
Assets
Total assets	0	0
Liabilities
Total liabilities	0	0
Other current assets | Rabbi trust | Level 1
Assets
Total assets	10,147	10,637
Other current assets | Rabbi trust | Level 2
Assets
Total assets	0	0
Other current assets | Rabbi trust | Level 3
Assets
Total assets	0	0
Other current assets | Foreign exchange derivative instruments | Level 1
Assets
Total assets	0	0
Other current assets | Foreign exchange derivative instruments | Level 2
Assets
Total assets	2,342	4,675
Other current assets | Foreign exchange derivative instruments | Level 3
Assets
Total assets	0	0
Other noncurrent assets | Foreign exchange derivative instruments | Level 1
Assets
Total assets	0	0
Other noncurrent assets | Foreign exchange derivative instruments | Level 2
Assets
Total assets	104	562
Other noncurrent assets | Foreign exchange derivative instruments | Level 3
Assets
Total assets	0	0
Other noncurrent assets | Deferred compensation program assets | Level 1
Assets
Total assets	1,855	1,866
Other noncurrent assets | Deferred compensation program assets | Level 2
Assets
Total assets	0	0
Other noncurrent assets | Deferred compensation program assets | Level 3
Assets
Total assets	0	0
Other current liabilities | Foreign exchange derivative instruments | Level 1
Liabilities
Total liabilities	0	0
Other current liabilities | Foreign exchange derivative instruments | Level 2
Liabilities
Total liabilities	7,186	6,360
Other current liabilities | Foreign exchange derivative instruments | Level 3
Liabilities
Total liabilities	0	0
Other noncurrent liabilities | Foreign exchange derivative instruments | Level 1
Liabilities
Total liabilities	0	0
Other noncurrent liabilities | Foreign exchange derivative instruments | Level 2
Liabilities
Total liabilities	2,440	276
Other noncurrent liabilities | Foreign exchange derivative instruments | Level 3
Liabilities
Total liabilities	0	0
Other noncurrent liabilities | Deferred compensation program liabilities | Level 1
Liabilities
Total liabilities	1,855	1,866
Other noncurrent liabilities | Deferred compensation program liabilities | Level 2
Liabilities
Total liabilities	0	0
Other noncurrent liabilities | Deferred compensation program liabilities | Level 3
Liabilities
Total liabilities	$ 0	$ 0

Pension and Other Postretirem46

Pension and Other Postretirement Benefits - Periodic benefit cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Pension Benefits
Components of net periodic benefit cost
Service cost	$ 2,443	$ 2,337
Interest cost	2,958	3,018
Expected return on plan assets	(3,279)	(3,013)
Settlement expense	8	131
Amortization of net (gain) loss	520	39
Amortization of prior service cost (credit)	44	44
Net periodic benefit cost	2,694	2,556
Postretirement Benefits
Components of net periodic benefit cost
Service cost	175	235
Interest cost	127	174
Expected return on plan assets	0	0
Settlement expense	0	0
Amortization of net (gain) loss	(351)	(166)
Amortization of prior service cost (credit)	(34)	(41)
Net periodic benefit cost	$ (83)	$ 202

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Increase (decrease) in income tax expense	$ (7,300)
Income tax expense	$ 15,220	$ 22,485
Effective tax rate	26.10%	36.20%
Provisional amount recorded within tax expense			$ 14,000
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment			(1,501)
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment			4,631
Retained Earnings | Accounting Standards Update 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment			4,100
Accumulated Other Comprehensive Loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment			(6,132)
Accumulated Other Comprehensive Loss | Accounting Standards Update 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment			$ (4,100)

Common Stock (Details)

Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended					12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2017	Jun. 30, 2018
Equity [Abstract]
Dividends per Common Share (in dollars per share)	$ 0.13	$ 0.12	$ 0.12	$ 0.12	$ 0.12	$ 0.48
Amount	$ 9,917	$ 9,098	$ 9,146	$ 9,149	$ 9,152	$ 36,545
Forecast
Dividends Payable [Line Items]
Dividends declared and payable (in dollars per share)							$ 0.13

Equity Incentive Plans - Restri

Equity Incentive Plans - Restricted Stock and Performance Stock Units (Details) - 2015 Omnibus Incentive Plan - RSUs and PSUs	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Number of RSUs and PSUs
Outstanding at beginning of the period (in shares) | shares	2,060,854
Granted (in shares) | shares	154,463
Vested (in shares) | shares	(388,012)
Forfeited (in shares) | shares	0
Outstanding at end of the period (in shares) | shares	1,827,305
Weighted - Average Fair Value
Outstanding at beginning of the period (in dollars per share) | $ / shares	$ 20.23
Granted (in dollars per share) | $ / shares	21.27
Vested (in dollars per share) | $ / shares	20.30
Forfeited (in dollars per share) | $ / shares	0
Outstanding at end of the period (in dollars per share) | $ / shares	$ 20.30

Equity Incentive Plans - Narrat

Equity Incentive Plans - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)shares
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock issued, restricted stock awards (in shares)	388,012
Shares issued to satisfy tax withholding obligations (in shares)	122,795
Unrecognized compensation expense | $	$ 9.5
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested (in shares)	0
Expected term used to estimate cumulative Adjusted EBITDA	3 years
Unrecognized compensation expense | $	$ 4.6
RSUs and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period	1 year 3 months

Equity Incentive Plans - Alloca

Equity Incentive Plans - Allocation of Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense before income tax	$ 4,126	$ 3,847
Income tax benefit	853	1,323
Total compensation expense, net of income tax	3,273	2,524
Cost of goods sold
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense before income tax	94	113
Selling, general and administrative expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense before income tax	3,733	3,406
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense before income tax	$ 299	$ 328

Accumulated Other Comprehensi52

Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at the beginning of the period	$ (81,691)
Adoption of new accounting standards		$ (1,501)
Other comprehensive income (loss) before reclassifications	5,053
Amounts reclassified from accumulated other comprehensive loss	521
Tax benefit (expense)	2,107
Balance at the end of the period	(80,142)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at the beginning of the period	(57,711)
Adoption of new accounting standards		(2,171)
Other comprehensive income (loss) before reclassifications	11,913
Amounts reclassified from accumulated other comprehensive loss	0
Tax benefit (expense)	0
Balance at the end of the period	(47,969)
Gains (Losses) on Foreign Exchange Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at the beginning of the period	(2,280)
Adoption of new accounting standards		0
Other comprehensive income (loss) before reclassifications	(7,081)
Amounts reclassified from accumulated other comprehensive loss	708
Tax benefit (expense)	2,113
Balance at the end of the period	(6,540)
Gains (Losses) on Available-for-Sale Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at the beginning of the period	1,721
Adoption of new accounting standards		(1,721)
Other comprehensive income (loss) before reclassifications	0
Amounts reclassified from accumulated other comprehensive loss	0
Tax benefit (expense)	0
Balance at the end of the period	0
Pension and Other Postretirement Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at the beginning of the period	(23,421)
Adoption of new accounting standards		(2,240)
Other comprehensive income (loss) before reclassifications	221
Amounts reclassified from accumulated other comprehensive loss	(187)
Tax benefit (expense)	(6)
Balance at the end of the period	(25,633)
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at the beginning of the period	(81,691)
Adoption of new accounting standards		$ (6,132)
Balance at the end of the period	$ (80,142)

Nets Income per Common Share -

Nets Income per Common Share - Computation of basic and diluted net income per common share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share [Abstract]
Net income attributable to Acushnet Holdings Corp.	$ 41,484	$ 38,114
Weighted average number of common shares:
Basic (in shares)	74,650,237	74,220,771
Diluted (in shares)	74,793,823	74,250,155
Net income per common share attributable to Acushnet Holdings Corp.:
Basic (in dollars per share)	$ 0.56	$ 0.51
Diluted (in dollars per share)	$ 0.55	$ 0.51

Net Income per Common Share - C

Net Income per Common Share - Calculation of diluted weighted average common shares outstanding (Details) - shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
RSUs
Securities excluded from calculation of diluted weighted-average common shares outstanding as their impact was anti-dilutive (in shares)	0	404,148

Segment Information - Reconcili

Segment Information - Reconciliation (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)segment	Mar. 31, 2017USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment	4
Segment Reporting Information [Line Items]
Net sales	$ 441,801	$ 433,615
Segment operating income	62,284	64,474
Reconciling items:
Interest expense, net	(4,408)	(2,922)
Income before income taxes	58,310	62,115
Operating segments
Segment Reporting Information [Line Items]
Net sales	441,801	433,615
Segment operating income	60,949	63,852
Reconciling Items
Reconciling items:
Interest expense, net	(4,408)	(2,922)
Transaction fees	0	(94)
Other	1,769	1,279
Titleist golf balls | Operating segments
Segment Reporting Information [Line Items]
Net sales	124,906	134,192
Segment operating income	13,980	21,162
Titleist golf clubs | Operating segments
Segment Reporting Information [Line Items]
Net sales	116,893	101,942
Segment operating income	16,383	11,421
Titleist golf gear | Operating segments
Segment Reporting Information [Line Items]
Net sales	44,345	42,390
Segment operating income	7,784	7,304
FootJoy golf wear | Operating segments
Segment Reporting Information [Line Items]
Net sales	140,706	142,241
Segment operating income	20,255	21,137
Other | Operating segments
Segment Reporting Information [Line Items]
Net sales	14,951	12,850
Segment operating income	$ 2,547	$ 2,828

Segment Information - Geographi

Segment Information - Geographical Areas (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	$ 441,801	$ 433,615
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	219,289	223,115
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	73,042	68,009
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	52,129	50,053
Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	52,675	49,882
Rest of world
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	$ 44,666	$ 42,556

Commitments and Contingencies -

Commitments and Contingencies - Purchase Commitments (Details) $ in Thousands	Mar. 31, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2018	$ 134,086
2,019	16,305
2,020	6,009
2,021	2,665
2,022	912
Thereafter	$ 2,418

Commitments and Contingencies58

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Estimated receivable for indemnifications	$ 8.6	$ 8.7