Acushnet (GOLF) 10-Q 7 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 02, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	001-37935
Entity Registrant Name	Acushnet Holdings Corp.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-2644353
Entity Address, Address Line One	333 Bridge Street
Entity Address, City or Town	Fairhaven,
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02719
City Area Code	508
Local Phone Number	979‑2000
Title of 12(b) Security	Common Stock - $0.001 par value per share
Trading Symbol	GOLF
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		75,365,727
Entity Central Index Key	0001672013
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets
Cash and restricted cash ($10,197 and $8,436 attributable to the variable interest entity (VIE))	$ 42,966	$ 31,014
Accounts receivable, net	306,399	186,114
Inventories ($8,813 and $9,658 attributable to the VIE)	324,588	361,207
Other assets	90,740	85,666
Total current assets	764,693	664,001
Property, plant and equipment, net ($11,237 and $11,615 attributable to the VIE)	221,035	228,388
Goodwill ($32,312 and $32,312 attributable to the VIE)	209,564	209,671
Intangible assets, net	474,761	478,257
Deferred income taxes	59,446	78,028
Other assets ($2,565 and $2,593 attributable to the VIE)	77,938	33,276
Total assets	1,807,437	1,691,621
Current liabilities
Short-term debt	42,161	920
Current portion of long-term debt	35,625	35,625
Accounts payable ($4,292 and $6,882 attributable to the VIE)	94,050	86,045
Accrued taxes	22,897	38,268
Accrued compensation and benefits ($1,338 and $1,634 attributable to the VIE)	62,788	77,181
Accrued expenses and other liabilities ($2,779 and $3,462 attributable to the VIE)	98,545	56,828
Total current liabilities	356,066	294,867
Long-term debt	329,594	346,953
Deferred income taxes	4,633	4,635
Accrued pension and other postretirement benefits	106,701	102,077
Other noncurrent liabilities ($5,123 and $4,831 attributable to the VIE)	52,406	16,105
Total liabilities	849,400	764,637
Commitments and contingencies (Note 15)
Shareholders' equity
Common stock, $0.001 par value, 500,000,000 shares authorized; 75,614,015 and 74,760,062 shares issued	76	75
Additional paid-in capital	905,351	910,890
Accumulated other comprehensive loss, net of tax	(91,647)	(89,039)
Retained earnings	124,827	72,946
Treasury stock, at cost; 506,770 shares (including 253,385 of accrued share repurchase) and no shares (Note 10)	(12,356)	0
Total equity attributable to Acushnet Holdings Corp.	926,251	894,872
Noncontrolling interests	31,786	32,112
Total shareholders' equity	958,037	926,984
Total liabilities and shareholders' equity	$ 1,807,437	$ 1,691,621

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
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)	75,614,015	74,760,062
Treasury stock, at cost (in shares)	506,770	0
Accrued share repurchase (in shares)	253,385
Cash and restricted cash	$ 42,966	$ 31,014
Inventories	324,588	361,207
Property, plant and equipment, net	221,035	228,388
Goodwill	209,564	209,671
Other assets	77,938	33,276
Accounts payable	94,050	86,045
Accrued compensation and benefits	62,788	77,181
Accrued expenses and other liabilities	98,545	56,828
Other noncurrent liabilities	52,406	16,105
VIE
Cash and restricted cash	10,197	8,436
Inventories	8,813	9,658
Property, plant and equipment, net	11,237	11,615
Goodwill	32,312	32,312
Other assets	2,565	2,593
Accounts payable	4,292	6,882
Accrued compensation and benefits	1,338	1,634
Accrued expenses and other liabilities	2,779	3,462
Other noncurrent liabilities	$ 5,123	$ 4,831

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Net sales	$ 462,218	$ 478,138	$ 895,920	$ 919,939
Cost of goods sold	216,175	227,328	427,720	441,455
Gross profit	246,043	250,810	468,200	478,484
Operating expenses:
Selling, general and administrative	170,223	171,685	325,649	323,053
Research and development	12,920	12,916	25,671	25,308
Intangible amortization	1,765	1,630	3,518	3,260
Income from operations	61,135	64,579	113,362	126,863
Interest expense, net	5,213	5,247	10,096	9,655
Other expense (income), net	781	544	(189)	110
Income before income taxes	55,141	58,788	103,455	117,098
Income tax expense	16,239	18,419	28,514	33,639
Net income	38,902	40,369	74,941	83,459
Less: Net income attributable to noncontrolling interests	(414)	(462)	(1,527)	(2,068)
Net income attributable to Acushnet Holdings Corp.	$ 38,488	$ 39,907	$ 73,414	$ 81,391
Net income per common share attributable to Acushnet Holdings Corp.:
Basic (in dollars per share)	$ 0.51	$ 0.53	$ 0.97	$ 1.09
Diluted (in dollars per share)	$ 0.51	$ 0.53	$ 0.97	$ 1.09
Weighted average number of common shares:
Basic (in shares)	75,618,717	74,762,469	75,811,780	74,706,663
Diluted (in shares)	75,858,114	75,028,658	76,060,003	74,911,551

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 38,902	$ 40,369	$ 74,941	$ 83,459
Other comprehensive income (loss):
Foreign currency translation adjustments	(4,217)	(18,444)	(375)	(6,531)
Cash flow derivative instruments
Unrealized holding gains (losses) arising during period	(1,406)		(47)
Unrealized holding gains (losses) arising during period		8,940		1,859
Reclassification adjustments included in net income	(2,827)		(4,276)
Reclassification adjustments included in net income		1,222		1,930
Tax (expense) benefit	1,026		956
Tax (expense) benefit		(2,831)		(718)
Cash flow derivative instruments, net	(3,207)		(3,367)
Cash flow derivative instruments, net		7,331		3,071
Pension and other postretirement benefits
Pension and other postretirement benefits adjustments	1,684	962	1,481	996
Tax expense	(404)	(142)	(347)	(148)
Pension and other postretirement benefits adjustments, net	1,280	820	1,134	848
Total other comprehensive loss	(6,144)	(10,293)	(2,608)	(2,612)
Comprehensive income	32,758	30,076	72,333	80,847
Less: Comprehensive income attributable to noncontrolling interests	(414)	(462)	(1,527)	(2,068)
Comprehensive income attributable to Acushnet Holdings Corp.	$ 32,344	$ 29,614	$ 70,806	$ 78,779

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities
Net income	$ 74,941	$ 83,459
Adjustments to reconcile net income to cash provided by operating activities
Depreciation and amortization	19,596	20,712
Unrealized foreign exchange loss (gain)	730	(516)
Amortization of debt issuance costs	738	671
Share-based compensation	5,386	9,110
Loss on disposals of property, plant and equipment	2	83
Deferred income taxes	17,355	17,187
Changes in operating assets and liabilities
Accounts receivable	(120,056)	(121,237)
Inventories	37,420	44,560
Accounts payable	9,675	(1,467)
Accrued taxes	(15,230)	(5,257)
Other assets and liabilities	9,454	17,252
Cash flows provided by operating activities	40,011	64,557
Cash flows from investing activities
Additions to property, plant and equipment	(10,595)	(13,657)
Business acquisitions, net of cash acquired	0	(2,477)
Cash flows used in investing activities	(10,595)	(16,134)
Cash flows from financing activities
Proceeds from short-term borrowings, net	41,939	18,449
Repayments of delayed draw term loan A facility	(3,750)	(27,500)
Repayment of term loan A facility	(14,063)	(9,375)
Purchases of common stock	(6,178)	0
Debt issuance costs	0	(380)
Dividends paid on common stock	(22,433)	(19,619)
Dividends paid to noncontrolling interests	(1,853)	(6,450)
Payment of employee restricted stock tax withholdings	(10,924)	(2,634)
Cash flows used in financing activities	(17,262)	(47,509)
Effect of foreign exchange rate changes on cash	(202)	(958)
Net increase (decrease) in cash	11,952	(44)
Cash and restricted cash, beginning of year	31,014	47,722
Cash and restricted cash, end of period	42,966	47,678
Supplemental information
Non-cash additions to property, plant and equipment	830	1,381
Dividend equivalents rights (DERs) declared not paid	387	398
Share repurchase liability (Note 10)	$ 6,178	$ 0

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS 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, Net of Tax	Retained Earnings	Treasury Stock	Noncontrolling Interests
Beginning balance at Dec. 31, 2017	$ 853,973	$ 821,309	$ 74	$ 894,727	$ (81,691)	$ 8,199	$ 0	$ 32,664
Beginning balance (in shares) at Dec. 31, 2017			74,479
Changes in stockholders' equity
Dividends and dividend equivalents declared	(9,917)
Ending balance at Mar. 31, 2018	892,650	860,780	$ 75	896,450	(80,142)	44,397	0	31,870
Ending balance (in shares) at Mar. 31, 2018			74,744
Beginning balance at Dec. 31, 2017	853,973	821,309	$ 74	894,727	(81,691)	8,199	0	32,664
Beginning balance (in shares) at Dec. 31, 2017			74,479
Changes in stockholders' equity
Net income	83,459	81,391				81,391		2,068
Other comprehensive income (loss)	(2,612)	(2,612)			(2,612)
Share-based compensation	9,341	9,341		9,341
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes	(2,629)	(2,629)	$ 1	(2,630)
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (in shares)			276
Share repurchase liability (Note 10)	0
Dividends and dividend equivalents declared	(19,834)	(19,834)				(19,834)
Dividends declared to noncontrolling interests	(6,450)							(6,450)
Ending balance at Jun. 30, 2018	913,747	885,465	$ 75	901,438	(90,435)	74,387	0	28,282
Ending balance (in shares) at Jun. 30, 2018			74,755
Beginning balance at Dec. 31, 2017	853,973	821,309	$ 74	894,727	(81,691)	8,199	0	32,664
Beginning balance (in shares) at Dec. 31, 2017			74,479
Changes in stockholders' equity
Dividends and dividend equivalents declared	(39,756)
Ending balance at Dec. 31, 2018	926,984	894,872	$ 75	910,890	(89,039)	72,946	0	32,112
Ending balance (in shares) at Dec. 31, 2018			74,760
Beginning balance at Mar. 31, 2018	892,650	860,780	$ 75	896,450	(80,142)	44,397	0	31,870
Beginning balance (in shares) at Mar. 31, 2018			74,744
Changes in stockholders' equity
Net income	40,369	39,907				39,907		462
Other comprehensive income (loss)	(10,293)	(10,293)			(10,293)
Share-based compensation	4,984	4,984		4,984
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes	4	4	$ 0	4
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (in shares)			11
Dividends and dividend equivalents declared	(9,917)	(9,917)				(9,917)
Dividends declared to noncontrolling interests	(4,050)							(4,050)
Ending balance at Jun. 30, 2018	913,747	885,465	$ 75	901,438	(90,435)	74,387	0	28,282
Ending balance (in shares) at Jun. 30, 2018			74,755
Beginning balance at Dec. 31, 2018	926,984	894,872	$ 75	910,890	(89,039)	72,946	0	32,112
Beginning balance (in shares) at Dec. 31, 2018			74,760
Changes in stockholders' equity
Dividends and dividend equivalents declared	(10,782)
Ending balance at Mar. 31, 2019	946,637	913,412	$ 76	901,749	(85,503)	97,090	0	33,225
Ending balance (in shares) at Mar. 31, 2019			75,604
Beginning balance at Dec. 31, 2018	926,984	894,872	$ 75	910,890	(89,039)	72,946	0	32,112
Beginning balance (in shares) at Dec. 31, 2018			74,760
Changes in stockholders' equity
Net income	74,941	73,414				73,414		1,527
Other comprehensive income (loss)	(2,608)	(2,608)			(2,608)
Share-based compensation	5,386	5,386		5,386
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes	(10,924)	(10,924)	$ 1	(10,925)
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (in shares)			854
Purchases of common stock (Note 10)	(6,178)	(6,178)					(6,178)
Share repurchase liability (Note 10)	(6,178)	(6,178)					(6,178)
Dividends and dividend equivalents declared	(21,533)	(21,533)				(21,533)
Dividends declared to noncontrolling interests	(1,853)							(1,853)
Ending balance at Jun. 30, 2019	958,037	926,251	$ 76	905,351	(91,647)	124,827	(12,356)	31,786
Ending balance (in shares) at Jun. 30, 2019			75,614
Beginning balance at Mar. 31, 2019	946,637	913,412	$ 76	901,749	(85,503)	97,090	0	33,225
Beginning balance (in shares) at Mar. 31, 2019			75,604
Changes in stockholders' equity
Net income	38,902	38,488				38,488		414
Other comprehensive income (loss)	(6,144)	(6,144)			(6,144)
Share-based compensation	3,601	3,601		3,601
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes	1	1	$ 0	1
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (in shares)			10
Purchases of common stock (Note 10)	(6,178)	(6,178)					(6,178)
Share repurchase liability (Note 10)	(6,178)	(6,178)					(6,178)
Dividends and dividend equivalents declared	(10,751)	(10,751)				(10,751)
Dividends declared to noncontrolling interests	(1,853)							(1,853)
Ending balance at Jun. 30, 2019	$ 958,037	$ 926,251	$ 76	$ 905,351	$ (91,647)	$ 124,827	$ (12,356)	$ 31,786
Ending balance (in shares) at Jun. 30, 2019			75,614

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
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 less than wholly-owned subsidiaries, including a variable interest entity (“VIE”) in which the Company is the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. Certain information in footnote disclosures normally included in annual financial statements has been condensed or omitted for the interim periods presented in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) and U.S. GAAP. 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 and six months ended June 30, 2019 are not necessarily indicative of results to be expected for the full year ending December 31, 2019 , nor were those of the comparable 2018 period representative of those actually experienced for the full year ended December 31, 2018 . 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, 2018 included in its Annual Report on Form 10-K filed with the SEC on February 28, 2019 . 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 VIE have guaranteed the credit lines of the VIE, for which there were no outstanding borrowings as of June 30, 2019 and December 31, 2018 . In addition, pursuant to the terms of the agreement governing the VIE, the Company is not required to provide financial support to the VIE. Noncontrolling Interests The ownership interest held by owners other than the Company in less than wholly-owned subsidiaries are classified as noncontrolling interests. The value attributable to the noncontrolling interests is presented on the unaudited condensed consolidated balance sheets within shareholders' equity, separately from the equity attributable to the Company. Net income (loss) and comprehensive income (loss) attributable to noncontrolling interests are presented separately on the unaudited condensed consolidated statements of operations and unaudited condensed consolidated statements of comprehensive income, respectively. 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 June 30, 2019 and December 31, 2018 , the amount of restricted cash included in cash and restricted cash on the balance sheet was $2.1 million and $2.0 million , respectively. Accounts Receivable As of June 30, 2019 and December 31, 2018 , the allowance for doubtful accounts was $5.6 million and $7.3 million , respectively. Foreign Currency Translation and Transactions Foreign currency transaction losses included in selling, general and administrative expense were $0.1 million and $3.1 million for the three months ended June 30, 2019 and 2018 , respectively. Foreign currency transaction gains (losses) included in selling, general and administrative expense were gains of $0.4 million and losses of $1.1 million for the six months ended June 30, 2019 and 2018 , respectively. Recently Adopted Accounting Standards Leases On January 1, 2019, the Company adopted Accounting Standards Codification ("ASC") Topic 842, Leases ("ASC 842"), which requires the recognition of right-of-use assets and related operating and finance lease liabilities on the consolidated balance sheet. As permitted by ASC 842, the Company adopted ASC 842 using the optional transition approach, which allowed for a cumulative effect adjustment as of January 1, 2019, which is the date of initial application, and did not restate prior periods. As a result, the consolidated balance sheet prior to January 1, 2019 was not restated and continues to be reported under ASC Topic 840, Leases ("ASC 840"), which did not require the recognition of operating lease liabilities on the consolidated balance sheet, and is not comparative. Under ASC 842, all leases are required to be recorded on the consolidated balance sheet and are classified as either operating or finance leases. A lease is classified as a finance lease if any one of the following criteria are met: the lease transfers ownership of the asset by the end of the lease term, the lease contains an option to purchase the asset that is reasonably certain to be exercised, the lease term is for a major part of the remaining useful life of the asset, the present value of the lease payments equals or exceeds substantially all of the fair value of the asset, or the leased asset is of a highly specialized nature. A lease is classified as an operating lease if it does not meet any one of these criteria. The lease classification affects the expense recognition in the consolidated statement of operations. Operating lease expense consists of the lease payments plus any initial direct costs and is recognized on a straight-line basis over the lease term in the consolidated statement of operations. Finance lease charges are split, where amortization of the right-of-use asset is recorded as depreciation and amortization expense and an implied interest component is recorded in interest expense, net. The expense recognition for operating leases and finance leases under ASC 842 is consistent with ASC 840. As a result, there is no impact on the results of operations presented in the Company's unaudited condensed consolidated statements of operations and unaudited condensed consolidated statements of comprehensive income for the periods presented as a result of the adoption of ASC 842. As permitted under ASC 842, the Company also elected to not reassess prior conclusions related to the identification, classification and accounting for initial direct costs for leases that commenced prior to January 1, 2019. As permitted under ASC 842, the Company elected to not use hindsight to determine lease terms and to not separate non-lease components within its lease portfolio. As permitted under ASC 842, the Company has also elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a term of 12 months or less. The effect of short-term leases on the Company's operating right-of-use assets and operating lease liabilities was not material. Upon adoption of ASC 842, the Company recognized operating lease right-of-use assets and operating lease liabilities. The right-of-use asset represents the right to use the leased asset for the lease term. The lease liability represents the present value of the lease payments under the lease. The right-of-use asset is initially measured at cost, which primarily comprises the initial amount of the lease liability, plus any initial direct costs incurred less any lease incentives received. Lease payments included in the measurement of the lease liability comprise the following: the fixed non-cancelable lease payments, payments for optional renewal periods where it is reasonably certain the renewal period will be exercised, and payments for early termination options unless it is reasonably certain the lease will not be terminated early. The discount rate implicit within the Company's leases is generally not determinable and therefore the Company determines the discount rate based on its incremental collateralized borrowing rate applicable to the location where the lease is held. The incremental borrowing rate for each of the Company's leases is determined based on the lease term and currency in which such lease payments are made. Accordingly, upon adoption, the Company recorded an adjustment of $48.1 million to operating lease right-of-use assets and the related lease liabilities. The Company leases office and warehouse space, machinery and equipment, and vehicles, among other items. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to 3 years . For contracts entered into on or after the effective date, at the inception of a contract the Company assesses whether the contract is, or contains, a lease. The Company's assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether the Company obtained the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether the Company has the right to direct the use of the asset. See further discussion in Note 2 . Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities On January 1, 2019, the Company adopted Accounting Standards Update ("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 simplified the application of hedge accounting guidance, hedge documentation requirements and the assessment of hedge effectiveness. The adoption of this standard did not have a material impact on the consolidated financial statements. Changes to the Disclosure Requirements for Fair Value Measurement On January 1, 2019, the Company adopted ASU 2018-13, "Fair Value Measurement (Topic 820) —Disclosure Framework —Changes to the Disclosure Requirements for Fair Value Measurement" ("ASU 2018-13"). The amendments in this update are meant to provide more relevant information regarding valuation techniques and inputs used to arrive at measures of fair value, uncertainty in the fair value measurements, and how changes in fair value measurements impact an entity's performance and cash flows. The adoption of this standard did not have an impact on the consolidated financial statements or related disclosures. Recently Issued Accounting Standards Intangibles —Goodwill and Other —Internal-Use Software In August 2018, the Financial Accounting Standards Board ("FASB") issued ASU 2018-15, " Intangibles -Goodwill and Other -Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract " ("ASU 2018-15"). The amendments in this update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). ASU 2018-15 is effective for fiscal years beginning after December 15, 2019. Early adoption is permitted. The adoption of this standard is not expected to have a material impact on the consolidated financial statements. Defined Benefit Plans—Changes to the Disclosure Requirements for Defined Benefit Plans In August 2018, the FASB issued ASU 2018-14, "Compensation —Retirement Benefits —Defined Benefit Plans —General (Subtopic 715-20) —Disclosure Framework —Changes to the Disclosure Requirements for Defined Benefit Plans" ("ASU 2018-14"). The amendments in this update remove defined benefit plan disclosures that are no longer considered cost-beneficial, clarify the specific requirements of disclosures, and add disclosure requirements identified as relevant. ASU 2018-14 is effective for fiscal years ending after December 15, 2020. Early adoption is permitted. The adoption of this standard should be applied to all periods presented. The adoption of this standard will not have a material impact on the consolidated financial statements.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Leases The Company's operating lease right-of-use assets and operating lease liabilities represent leases for office and warehouse space, machinery and equipment, and vehicles, among other items. Operating lease costs recognized on the unaudited condensed consolidated statements of operations were as follows: Three months ended Six months ended (in thousands) June 30, 2019 June 30, 2019 Cost of goods sold 787 $ 1,608 Selling, general and administrative 2,898 5,780 Research and development 176 375 $ 3,861 $ 7,763 Supplemental balance sheet information related to the Company's operating leases is as follows: June 30, (in thousands) Balance Sheet Location 2019 Right-of-use assets Other noncurrent assets $ 44,673 Current lease liabilities Accrued expenses and other liabilities $ 11,656 Noncurrent lease liabilities Other noncurrent liabilities 34,102 Total liabilities $ 45,758 The weighted average remaining lease term and the weighted average discount rate for operating leases as of June 30, 2019 was: Operating Leases Weighted average remaining lease term (years) 5.7 Weighted average discount rate 3.41 % The following table reconciles the undiscounted cash flows for operating leases as of June 30, 2019 to operating lease liabilities recorded on the unaudited condensed consolidated balance sheet: Operating (in thousands) Leases Remainder of 2019 $ 7,081 2020 12,250 2021 8,880 2022 5,912 2023 3,323 Thereafter 13,737 Total future lease payments 51,183 Less: Interest (5,425 ) Present value of lease liabilities $ 45,758 Accrued expenses and other liabilities $ 11,656 Other noncurrent liabilities 34,102 Total lease liabilities $ 45,758 Future minimum rental payments under noncancelable operating leases as of December 31, 2018 were as follows: (in thousands) Year ending December 31, 2019 $ 13,119 2020 11,053 2021 7,984 2022 5,345 2023 3,133 Thereafter 13,852 Total minimum rental payments $ 54,486 Supplemental cash flow information and non-cash activity related to the Company's operating leases are as follows: Six months ended (in thousands) June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 7,229 Non-cash right-of-use assets obtained in exchange for lease obligations: Operating leases 3,005

Inventories

Inventories	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories were as follows: June 30, December 31, (in thousands) 2019 2018 Raw materials and supplies $ 73,928 $ 71,068 Work-in-process 20,494 21,763 Finished goods 230,166 268,376 Inventories $ 324,588 $ 361,207

Product Warranty

Product Warranty	6 Months Ended
	Jun. 30, 2019
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 all 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 June 30, Six months ended June 30, (in thousands) 2019 2018 2019 2018 Balance at beginning of period $ 3,548 $ 4,148 $ 3,331 $ 3,823 Provision 2,014 1,561 3,088 2,756 Claims paid/costs incurred (1,949 ) (1,666 ) (2,825 ) (2,579 ) Foreign currency translation (33 ) (105 ) (14 ) (62 ) Balance at end of period $ 3,580 $ 3,938 $ 3,580 $ 3,938

Debt and Financing Arrangements

Debt and Financing Arrangements	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt and Financing Arrangements	Debt and Financing Arrangements Senior Secured Credit Facility The senior secured credit facility includes the revolving credit facility, the term loan A facility and the delayed draw term loan A facility. There were outstanding borrowings under the revolving credit facility of $38.4 million as of June 30, 2019 . The weighted average interest rate applicable to the outstanding borrowings was 3.63% as of June 30, 2019 . There were no outstanding borrowings under the revolving credit facility as of December 31, 2018 . The credit agreement contains customary affirmative and restrictive covenants, including, among others, financial covenants based on the Company's leverage and interest coverage ratios. The credit agreement includes customary events of default, the occurrence of which, following any applicable cure period, would permit the lenders to, among other things, declare the principal, accrued interest and other obligations to be immediately due and payable. As of June 30, 2019 , the Company was in compliance with all covenants under the credit agreement. As of June 30, 2019 , the Company had available borrowings under its revolving credit facility of $226.7 million after giving effect to $9.9 million of outstanding letters of credit. Other Short-Term Borrowings The Company has certain unsecured local credit facilities available through its subsidiaries. There were outstanding borrowings under the Company's local credit facilities of $3.8 million and $0.9 million as of June 30, 2019 and December 31, 2018 , respectively. The weighted average interest rate applicable to the outstanding borrowings was 1.54% and 3.25% as of June 30, 2019 and December 31, 2018 , respectively. As of June 30, 2019 , the Company had available borrowings remaining under these local credit facilities of $60.8 million . Letters of Credit As of June 30, 2019 and December 31, 2018 , there were outstanding letters of credit related to agreements, including the Company's senior secured credit facility, totaling $14.2 million and $15.5 million , respectively, of which $11.0 million and $12.4 million was secured. These agreements provided a maximum commitment for letters of credit of $29.3 million and $29.2 million as of June 30, 2019 and December 31, 2018

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company principally uses derivative financial instruments to reduce the impact of changes in foreign currency exchange rates and interest rate fluctuations. The principal derivative financial instruments the Company enters into are foreign exchange forward contracts and interest rate swaps. The Company does not enter into derivative financial instrument contracts for trading or speculative purposes. Foreign Exchange Derivative Instruments Foreign exchange derivative instruments are foreign exchange forward contracts primarily used to hedge currency fluctuations related to inventory purchases not denominated in the functional currency of the non-U.S. subsidiary, thereby limiting currency risk that would otherwise result from changes in exchange rates. These instruments are considered cash flow hedges. 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 June 30, 2019 and December 31, 2018 was $294.3 million and $312.8 million , respectively. The Company also enters into foreign exchange forward contracts to mitigate the change in fair value of specific assets and liabilities which do not qualify as hedging instruments under U.S. GAAP. These undesignated instruments are recorded at fair value as a derivative asset or liability with the corresponding change in fair value recognized in selling, general and administrative expense. The gross U.S. dollar equivalent notional amount of all outstanding foreign exchange forward contracts not designated under hedge accounting was $1.5 million as of June 30, 2019 . There were no outstanding foreign exchange forward contracts not designated under hedge accounting as of December 31, 2018 . Interest Rate Derivative Instruments The Company enters into interest rate swap contracts to reduce the impact of variability in interest rates. Under the contracts, the Company pays fixed and receives variable rate interest, in effect converting a portion of its variable rate debt to fixed rate debt. The interest rate swap contracts are accounted for as cash flow hedges. As of June 30, 2019 and December 31, 2018 , the notional value of the Company's outstanding interest rate swap contracts was $160.0 million and $185.0 million , respectively. Impact on Financial Statements The fair value of hedge instruments recognized on the unaudited condensed consolidated balance sheets was as follows: (in thousands) June 30, December 31, Balance Sheet Location Hedge Instrument Type 2019 2018 Other current assets Foreign exchange forward $ 4,200 $ 6,116 Other noncurrent assets Foreign exchange forward 372 1,015 Accrued expenses and other liabilities Foreign exchange forward 492 578 Interest rate swap 1,605 526 Other noncurrent liabilities Foreign exchange forward 625 161 Interest rate swap 1,770 925 The hedge instrument gain (loss) recognized in accumulated other comprehensive loss, net of tax was as follows: Three months ended Six months ended June 30, June 30, (in thousands) 2019 2018 2019 2018 Type of hedge Foreign exchange forward $ 107 $ 9,209 $ 2,194 $ 2,128 Interest rate swap (1,513 ) (269 ) (2,241 ) (269 ) $ (1,406 ) $ 8,940 $ (47 ) $ 1,859 Gains and losses on derivative instruments designated as cash flow hedges are reclassified from accumulated other comprehensive loss, net of tax at the time the forecasted transaction impacts the statement of operations. Based on the current valuation, during the next 12 months the Company expects to reclassify a net gain of $4.9 million related to foreign exchange derivative instruments from accumulated other comprehensive loss, net of tax, into cost of goods sold and a net loss of $1.6 million related to interest rate derivative instruments from accumulated other comprehensive loss, net of tax into interest expense, net. For further information related to amounts recognized in accumulated other comprehensive loss, net of tax, see Note 12 . The hedge instrument gain (loss) recognized on the unaudited condensed consolidated statements of operations was as follows: Three months ended Six months ended June 30, June 30, (in thousands) 2019 2018 2019 2018 Location of gain (loss) in statement of operations Foreign exchange forward: Cost of goods sold $ 2,993 $ (1,120 ) $ 4,599 $ (1,828 ) Selling, general and administrative (1) 131 1,684 (183 ) 1,016 Total $ 3,124 $ 564 $ 4,416 $ (812 ) Interest Rate Swap: Interest expense, net $ (166 ) $ (102 ) $ (323 ) $ (102 ) Total $ (166 ) $ (102 ) $ (323 ) $ (102 ) _______________________________________________________________________________ (1) Relates to gains (losses) on foreign exchange forward contracts derived from previously designated cash flow hedges. Credit Risk The Company enters into derivative contracts with major financial institutions with investment grade credit ratings and is exposed to credit losses in the event of non-performance by these financial institutions. This credit risk is generally limited to the unrealized gains in the derivative contracts. However, the Company monitors the credit quality of these financial institutions and considers the risk of counterparty default to be minimal.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2019
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 as of June 30, 2019 were as follows: Fair Value Measurements as of June 30, 2019 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 8,895 $ — $ — Other current assets Foreign exchange derivative instruments — 4,200 — Other current assets Deferred compensation program assets 1,134 — — Other noncurrent assets Foreign exchange derivative instruments — 372 — Other noncurrent assets Total assets $ 10,029 $ 4,572 $ — Liabilities Foreign exchange derivative instruments $ — $ 537 $ — Accrued expenses and other liabilities Interest rate derivative instruments — 1,605 — Accrued expenses and other liabilities Deferred compensation program liabilities 1,134 — — Other noncurrent liabilities Foreign exchange derivative instruments — 625 — Other noncurrent liabilities Interest rate derivative instruments — 1,770 — Other noncurrent liabilities Total liabilities $ 1,134 $ 4,537 $ — Assets and liabilities measured at fair value on a recurring basis as of December 31, 2018 were as follows: Fair Value Measurements as of December 31, 2018 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 8,415 $ — $ — Other current assets Foreign exchange derivative instruments — 6,116 — Other current assets Deferred compensation program assets 1,222 — — Other noncurrent assets Foreign exchange derivative instruments — 1,015 — Other noncurrent assets Total assets $ 9,637 $ 7,131 $ — Liabilities Foreign exchange derivative instruments $ — $ 578 $ — Accrued expenses and other liabilities Interest rate derivative instruments — 526 — Accrued expenses and other liabilities Deferred compensation program liabilities 1,222 — — Other noncurrent liabilities Foreign exchange derivative instruments — 161 — Other noncurrent liabilities Interest rate derivative instruments — 925 — Other noncurrent liabilities Total liabilities $ 1,222 $ 2,190 $ — During the six months ended June 30, 2019 and the year ended December 31, 2018 , 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 could 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 limit currency risk that would otherwise result from changes in exchange rates (Note 6 ). 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. Interest rate derivative instruments are contracts used to hedge the interest rate fluctuations of the Company's variable rate debt (Note 6 ). The valuation for the interest rate swap is calculated as the net of the discounted future cash flows of the pay and receive legs of the swap. Mid-market interest rates on the valuation date are used to create the forward curve for floating legs and discount curve.

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	6 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits	Pension and Other Postretirement Benefits Components of net periodic benefit cost (income) were as follows: Pension Benefits Postretirement Benefits Three months ended June 30, (in thousands) 2019 2018 2019 2018 Components of net periodic benefit cost (income) Service cost $ 1,880 $ 2,259 $ 126 $ 154 Interest cost 2,808 2,989 140 118 Expected return on plan assets (3,257 ) (3,198 ) — — Settlement expense 1,775 464 — — Amortization of net loss (gain) 129 732 (355 ) (419 ) Amortization of prior service cost (credit) 48 43 (34 ) (34 ) Net periodic benefit cost (income) $ 3,383 $ 3,289 $ (123 ) $ (181 ) Pension Benefits Postretirement Benefits Six months ended June 30, (in thousands) 2019 2018 2019 2018 Components of net periodic benefit cost (income) Service cost $ 4,122 $ 4,702 $ 287 $ 329 Interest cost 5,788 5,947 278 245 Expected return on plan assets (6,556 ) (6,477 ) — — Settlement expense 1,775 472 — — Amortization of net loss (gain) 401 1,252 (718 ) (770 ) Amortization of prior service cost (credit) 92 87 (68 ) (68 ) Net periodic benefit cost (income) $ 5,622 $ 5,983 $ (221 ) $ (264 )

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense decreased by $2.2 million to $16.2 million for the three months ended June 30, 2019 compared to $18.4 million for the three months ended June 30, 2018 . The Company’s Effective Tax Rate ("ETR") was 29.4% for the three months ended June 30, 2019 compared to 31.3% for the three months ended June 30, 2018 . The decrease in ETR was primarily driven by the impact of a change made in the second quarter of 2018 to the U.S. Tax Cuts and Jobs Act of 2017 ("Tax Act") and the impact of changes in the Company's geographic mix of earnings. Income tax expense decreased by $5.1 million to $28.5 million for the six months ended June 30, 2019 compared to $33.6 million for the six months ended June 30, 2018 . The Company’s ETR was 27.6% for the six months ended June 30, 2019 compared to 28.7% for the six months ended June 30, 2018 . The decrease in ETR was primarily driven by the discrete tax benefit for share based compensation expense, offset by the impact of a change made in the second quarter of 2018 to the Tax Act and the impact of changes in the Company's geographic mix of earnings.

Common Stock

Common Stock	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Common Stock	Common Stock Dividends The Company declared dividends per common share, including DERs (Note 11 ), during the periods presented as follows: (in thousands, except per share amounts) Dividends per Common Share Amount 2019: Second Quarter $ 0.14 $ 10,751 First Quarter 0.14 10,782 Total dividends declared in 2019 $ 0.28 $ 21,533 2018: Fourth Quarter $ 0.13 $ 9,968 Third Quarter 0.13 9,954 Second Quarter 0.13 9,917 First Quarter 0.13 9,917 Total dividends declared in 2018 $ 0.52 $ 39,756 During the third quarter of 2019 , the Company's Board of Directors ("Board of Directors") declared a dividend of $0.14 per common share to shareholders on record as of August 30, 2019 and payable on September 13, 2019 . Share Repurchase Program The Board of Directors has authorized the Company to repurchase up to an aggregate $50.0 million of its issued and outstanding common stock from time to time. Share repurchases may be effected in open market or privately negotiated transactions, including transactions with affiliates, with the timing of purchases and the amount of stock purchased generally determined at the discretion of the Company within the constraints of the Company’s credit agreement and general working capital needs. In connection with this share repurchase program, the Company entered into an agreement with Magnus Holdings Co., Ltd. (“Magnus”), a wholly owned subsidiary of Fila Korea Co., Ltd., to purchase from Magnus an equal amount of its common stock as it purchases on the open market at the same weighted average per share price. The shares will be purchased from Magnus when the Company has purchased an aggregate $24.9 million of shares in the open market, or at an earlier date as agreed to by the parties. See the Company's current report on Form 8-K filed on May 10, 2019 for additional information related to the Company's agreement with Magnus. During the second quarter of 2019 , the Company repurchased 253,385 shares of common stock on the open market at an average price of $24.38 for an aggregate of $6.2 million . In relation to the Magnus share repurchase agreement, the Company recorded a $6.2 million liability for an additional 253,385 shares of common stock to be repurchased from Magnus, which was included in accrued expenses and other liabilities and treasury stock on the unaudited condensed consolidated balance sheet as of June 30, 2019 . Excluding the impact of the share repurchase liability, as of June 30, 2019 the Company had $43.8 million remaining under the current share repurchase program, including the $24.9 million

Equity Incentive Plans

Equity Incentive Plans	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [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 June 30, 2019 , the only awards granted under the 2015 Plan were RSUs and PSUs. RSUs granted to members of the Board of Directors vest immediately into shares of common stock. RSUs granted to Company officers and employees vest ratably and in accordance with the terms of the grant, generally over one to four years subject to the recipient’s continued service to the Company. PSUs vest, subject to the recipient's continued employment with the Company, based upon achievement of the applicable performance metrics, generally over three years and as defined in the award agreements. Recipients of the awards granted under the 2015 Plan may elect to defer receipt of all or any portion of any shares of common stock issuable upon vesting to a future date elected by the recipient. All RSUs and PSUs granted under the 2015 Plan have DERs, which entitle holders of RSUs and PSUs to the same dividend value per share as holders of common stock and can be paid in either cash or 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 of common stock are delivered. Restricted Stock and Performance Stock Units A summary of the Company’s RSUs and PSUs as of June 30, 2019 and changes during the six months then ended is presented below: Weighted- Weighted- Number Average Number Average of RSUs Fair Value RSUs of PSUs Fair Value PSUs Outstanding as of December 31, 2018 881,832 $ 21.75 — $ — Granted 654,660 23.50 207,077 23.47 Vested (515,701 ) 20.53 — — Forfeited (9,813 ) 24.17 — — Outstanding as of June 30, 2019 1,010,978 $ 23.49 207,077 $ 23.47 Undelivered (1) 117,831 — _______________________________________________________________________________ (1) Shares of common stock related to vestings occurring in 2019 that were not delivered as of June 30, 2019 . A summary of shares of common stock issued related to the 2015 Plan, including the impact of any DERs issued in common stock, is presented below: Six months ended Six months ended June 30, 2019 June 30, 2018 RSUs PSUs RSUs PSUs Shares of common stock issued (1) 401,986 900,226 398,628 — Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations (123,013 ) (325,246 ) (122,795) — Net shares of common stock issued 278,973 574,980 275,833 — Cumulative undelivered shares of common stock 177,249 — — — ______________________________________________________________________________ (1) Shares of common stock issued related to PSUs represents PSUs that vested in 2018 but were delivered in common stock during the six months ended June 30, 2019 . The remaining unrecognized compensation expense related to non-vested RSUs and non-vested PSUs granted was $18.1 million and $4.2 million , respectively, as of June 30, 2019 and is expected to be recognized over the related weighted average period of 2.3 years . The allocation of compensation expense related to equity incentive plans in the unaudited condensed consolidated statements of operations was as follows: Three months ended Six months ended June 30, June 30, (in thousands) 2019 2018 2019 2018 Cost of goods sold $ 194 $ 113 $ 361 $ 207 Selling, general and administrative 3,174 4,559 4,641 8,292 Research and development 233 312 384 611 Total compensation expense before income tax 3,601 4,984 5,386 9,110 Income tax benefit 746 1,029 1,136 1,882 Total compensation expense, net of income tax $ 2,855 $ 3,955 $ 4,250 $ 7,228

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss, Net of Tax	6 Months Ended
	Jun. 30, 2019
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Accumulated Other Comprehensive Loss, Net of Tax	Accumulated Other Comprehensive Loss, Net of Tax Accumulated other comprehensive loss, net of tax consists of foreign currency translation adjustments, unrealized gains and losses from derivative instruments designated as cash flow hedges (Note 6 ) and pension and other postretirement adjustments (Note 8 ). The components of and changes in accumulated other comprehensive loss, net of tax, were as follows: Foreign Gains (Losses) on Gains (Losses) on Pension and Accumulated Currency Foreign Exchange Interest Rate Other Other Translation Derivative Swap Derivative Postretirement Comprehensive (in thousands) Adjustments Instruments Instruments Adjustments Loss, Net of Tax Balance as of December 31, 2018 $ (71,853 ) $ 5,258 $ (1,098 ) $ (21,346 ) $ (89,039 ) Other comprehensive income (loss) before reclassifications (375 ) 2,194 (2,241 ) (1 ) (423 ) Amounts reclassified from accumulated other comprehensive loss, net of tax — (4,599 ) 323 1,482 (2,794 ) Tax benefit (expense) — 777 179 (347 ) 609 Balance as of June 30, 2019 $ (72,228 ) $ 3,630 $ (2,837 ) $ (20,212 ) $ (91,647 )

Net Income per Common Share

Net Income per Common Share	6 Months Ended
	Jun. 30, 2019
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 Six months ended June 30, June 30, (in thousands, except share and per share amounts) 2019 2018 2019 2018 Net income attributable to Acushnet Holdings Corp. $ 38,488 $ 39,907 $ 73,414 $ 81,391 Weighted average number of common shares: Basic 75,618,717 74,762,469 75,811,780 74,706,663 Diluted 75,858,114 75,028,658 76,060,003 74,911,551 Net income per common share attributable to Acushnet Holdings Corp.: Basic $ 0.51 $ 0.53 $ 0.97 $ 1.09 Diluted $ 0.51 $ 0.53 $ 0.97 $ 1.09 Net income per common share attributable to Acushnet Holdings Corp. for the three and six months ended June 30, 2019 and 2018 was calculated using the treasury stock method . The Company’s potential dilutive securities for the three and six months ended June 30, 2019 and 2018 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 and six months ended June 30, 2019 and 2018 , 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 Six months ended June 30, June 30, 2019 2018 2019 2018 RSUs — — 2,025 —

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2019
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 (loss). Segment operating income (loss) includes directly attributable expenses and certain shared costs of corporate administration that are allocated to the reportable segments, but excludes interest expense, net, the non-service cost component of net periodic benefit cost, 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 and six months ended June 30, 2019 and 2018 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: Three months ended June 30, Six months ended June 30, (in thousands) 2019 2018 2019 2018 Net sales Titleist golf balls $ 173,305 $ 172,211 $ 314,972 $ 297,117 Titleist golf clubs 107,010 117,839 198,328 234,732 Titleist golf gear 46,837 45,822 92,018 90,167 FootJoy golf wear 114,095 119,496 255,076 260,202 Other 20,971 22,770 35,526 37,721 Total net sales $ 462,218 $ 478,138 $ 895,920 $ 919,939 Segment operating income Titleist golf balls $ 37,972 $ 36,848 $ 57,700 $ 50,828 Titleist golf clubs 6,865 10,521 6,460 26,904 Titleist golf gear 9,066 8,254 18,217 16,038 FootJoy golf wear 4,156 5,387 24,300 25,642 Other 5,147 4,866 8,587 7,413 Total segment operating income 63,206 65,876 115,264 126,825 Reconciling items: Interest expense, net (5,213 ) (5,247 ) (10,096 ) (9,655 ) Non-service cost component of net periodic benefit cost (1,254 ) (695 ) (992 ) (688 ) Transaction fees (1,947 ) — (1,947 ) — Other 349 (1,146 ) 1,226 616 Total income before income tax $ 55,141 $ 58,788 $ 103,455 $ 117,098 Information as to the Company’s operations in different geographical areas is presented below. Net sales are categorized based on the location in which the sale originates. Three months ended June 30, Six months ended June 30, (in thousands) 2019 2018 2019 2018 United States $ 256,267 $ 252,740 $ 486,650 $ 472,029 EMEA (1) 60,001 67,674 131,079 140,716 Japan 38,813 45,487 79,548 97,616 Korea 60,410 61,974 109,452 114,649 Rest of world 46,727 50,263 89,191 94,929 Total net sales $ 462,218 $ 478,138 $ 895,920 $ 919,939 _______________________________________________________________________________ (1) Europe, the Middle East and Africa ("EMEA")

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
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. Purchase obligations by the Company as of June 30, 2019 were as follows: Payments Due by Period Remainder of (in thousands) 2019 2020 2021 2022 2023 Thereafter Purchase obligations (1) $ 173,942 $ 25,553 $ 7,350 $ 2,335 $ 1,546 $ 4,807 _______________________________________________________________________________ (1) The reported amounts exclude those liabilities included in accounts payable or accrued liabilities on the consolidated balance sheet as of June 30, 2019 . 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 June 30, 2019 and December 31, 2018 , the Company’s estimate of its receivable for these indemnifications was $9.2 million and $8.9 million , respectively, which was recorded in other noncurrent assets on the unaudited condensed consolidated balance sheets. Litigation

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On July 3, 2019 , the Company, through a majority owned subsidiary, completed the acquisition of KJUS, a premium global ski and golf sportswear company, for a purchase price of $28.7 million

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
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 less than wholly-owned subsidiaries, including a variable interest entity (“VIE”) in which the Company is the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. Certain information in footnote disclosures normally included in annual financial statements has been condensed or omitted for the interim periods presented in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) and U.S. GAAP. 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 and six months ended June 30, 2019 are not necessarily indicative of results to be expected for the full year ending December 31, 2019 , nor were those of the comparable 2018 period representative of those actually experienced for the full year ended December 31, 2018 . 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, 2018 included in its Annual Report on Form 10-K filed with the SEC on February 28, 2019
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 VIE have guaranteed the credit lines of the VIE, for which there were no outstanding borrowings as of June 30, 2019 and December 31, 2018 . In addition, pursuant to the terms of the agreement governing the VIE, the Company is not required to provide financial support to the VIE.
Noncontrolling Interests	Noncontrolling Interests The ownership interest held by owners other than the Company in less than wholly-owned subsidiaries are classified as noncontrolling interests. The value attributable to the noncontrolling interests is presented on the unaudited condensed consolidated balance sheets within shareholders' equity, separately from the equity attributable to the Company. Net income (loss) and comprehensive income (loss) attributable to noncontrolling interests are presented separately on the unaudited condensed consolidated statements of operations and unaudited condensed consolidated statements of comprehensive income, respectively.
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 June 30, 2019 and December 31, 2018 , the amount of restricted cash included in cash and restricted cash on the balance sheet was $2.1 million and $2.0 million , respectively.
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 June 30, 2019 and December 31, 2018 , the amount of restricted cash included in cash and restricted cash on the balance sheet was $2.1 million and $2.0 million , respectively.
Accounts Receivable	Accounts Receivable As of June 30, 2019 and December 31, 2018 , the allowance for doubtful accounts was $5.6 million and $7.3 million , respectively.
Foreign Currency Translation and Transactions	Foreign Currency Translation and Transactions Foreign currency transaction losses included in selling, general and administrative expense were $0.1 million and $3.1 million for the three months ended June 30, 2019 and 2018 , respectively. Foreign currency transaction gains (losses) included in selling, general and administrative expense were gains of $0.4 million and losses of $1.1 million for the six months ended June 30, 2019 and 2018 , respectively.
Recently Adopted Accounting Standards and Recently Issued Accounting Standards	Recently Adopted Accounting Standards Leases On January 1, 2019, the Company adopted Accounting Standards Codification ("ASC") Topic 842, Leases ("ASC 842"), which requires the recognition of right-of-use assets and related operating and finance lease liabilities on the consolidated balance sheet. As permitted by ASC 842, the Company adopted ASC 842 using the optional transition approach, which allowed for a cumulative effect adjustment as of January 1, 2019, which is the date of initial application, and did not restate prior periods. As a result, the consolidated balance sheet prior to January 1, 2019 was not restated and continues to be reported under ASC Topic 840, Leases ("ASC 840"), which did not require the recognition of operating lease liabilities on the consolidated balance sheet, and is not comparative. Under ASC 842, all leases are required to be recorded on the consolidated balance sheet and are classified as either operating or finance leases. A lease is classified as a finance lease if any one of the following criteria are met: the lease transfers ownership of the asset by the end of the lease term, the lease contains an option to purchase the asset that is reasonably certain to be exercised, the lease term is for a major part of the remaining useful life of the asset, the present value of the lease payments equals or exceeds substantially all of the fair value of the asset, or the leased asset is of a highly specialized nature. A lease is classified as an operating lease if it does not meet any one of these criteria. The lease classification affects the expense recognition in the consolidated statement of operations. Operating lease expense consists of the lease payments plus any initial direct costs and is recognized on a straight-line basis over the lease term in the consolidated statement of operations. Finance lease charges are split, where amortization of the right-of-use asset is recorded as depreciation and amortization expense and an implied interest component is recorded in interest expense, net. The expense recognition for operating leases and finance leases under ASC 842 is consistent with ASC 840. As a result, there is no impact on the results of operations presented in the Company's unaudited condensed consolidated statements of operations and unaudited condensed consolidated statements of comprehensive income for the periods presented as a result of the adoption of ASC 842. As permitted under ASC 842, the Company also elected to not reassess prior conclusions related to the identification, classification and accounting for initial direct costs for leases that commenced prior to January 1, 2019. As permitted under ASC 842, the Company elected to not use hindsight to determine lease terms and to not separate non-lease components within its lease portfolio. As permitted under ASC 842, the Company has also elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a term of 12 months or less. The effect of short-term leases on the Company's operating right-of-use assets and operating lease liabilities was not material. Upon adoption of ASC 842, the Company recognized operating lease right-of-use assets and operating lease liabilities. The right-of-use asset represents the right to use the leased asset for the lease term. The lease liability represents the present value of the lease payments under the lease. The right-of-use asset is initially measured at cost, which primarily comprises the initial amount of the lease liability, plus any initial direct costs incurred less any lease incentives received. Lease payments included in the measurement of the lease liability comprise the following: the fixed non-cancelable lease payments, payments for optional renewal periods where it is reasonably certain the renewal period will be exercised, and payments for early termination options unless it is reasonably certain the lease will not be terminated early. The discount rate implicit within the Company's leases is generally not determinable and therefore the Company determines the discount rate based on its incremental collateralized borrowing rate applicable to the location where the lease is held. The incremental borrowing rate for each of the Company's leases is determined based on the lease term and currency in which such lease payments are made. Accordingly, upon adoption, the Company recorded an adjustment of $48.1 million to operating lease right-of-use assets and the related lease liabilities. The Company leases office and warehouse space, machinery and equipment, and vehicles, among other items. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to 3 years . For contracts entered into on or after the effective date, at the inception of a contract the Company assesses whether the contract is, or contains, a lease. The Company's assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether the Company obtained the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether the Company has the right to direct the use of the asset. See further discussion in Note 2 . Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities On January 1, 2019, the Company adopted Accounting Standards Update ("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 simplified the application of hedge accounting guidance, hedge documentation requirements and the assessment of hedge effectiveness. The adoption of this standard did not have a material impact on the consolidated financial statements. Changes to the Disclosure Requirements for Fair Value Measurement On January 1, 2019, the Company adopted ASU 2018-13, "Fair Value Measurement (Topic 820) —Disclosure Framework —Changes to the Disclosure Requirements for Fair Value Measurement" ("ASU 2018-13"). The amendments in this update are meant to provide more relevant information regarding valuation techniques and inputs used to arrive at measures of fair value, uncertainty in the fair value measurements, and how changes in fair value measurements impact an entity's performance and cash flows. The adoption of this standard did not have an impact on the consolidated financial statements or related disclosures. Recently Issued Accounting Standards Intangibles —Goodwill and Other —Internal-Use Software In August 2018, the Financial Accounting Standards Board ("FASB") issued ASU 2018-15, " Intangibles -Goodwill and Other -Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract " ("ASU 2018-15"). The amendments in this update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). ASU 2018-15 is effective for fiscal years beginning after December 15, 2019. Early adoption is permitted. The adoption of this standard is not expected to have a material impact on the consolidated financial statements. Defined Benefit Plans—Changes to the Disclosure Requirements for Defined Benefit Plans In August 2018, the FASB issued ASU 2018-14, "Compensation —Retirement Benefits —Defined Benefit Plans —General (Subtopic 715-20) —Disclosure Framework —Changes to the Disclosure Requirements for Defined Benefit Plans" ("ASU 2018-14"). The amendments in this update remove defined benefit plan disclosures that are no longer considered cost-beneficial, clarify the specific requirements of disclosures, and add disclosure requirements identified as relevant. ASU 2018-14 is effective for fiscal years ending after December 15, 2020. Early adoption is permitted. The adoption of this standard should be applied to all periods presented. The adoption of this standard will not have a material impact on the consolidated financial statements.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Components of lease cost and supplemental information	Supplemental cash flow information and non-cash activity related to the Company's operating leases are as follows: Six months ended (in thousands) June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 7,229 Non-cash right-of-use assets obtained in exchange for lease obligations: Operating leases 3,005 The weighted average remaining lease term and the weighted average discount rate for operating leases as of June 30, 2019 was: Operating Leases Weighted average remaining lease term (years) 5.7 Weighted average discount rate 3.41 % Operating lease costs recognized on the unaudited condensed consolidated statements of operations were as follows: Three months ended Six months ended (in thousands) June 30, 2019 June 30, 2019 Cost of goods sold 787 $ 1,608 Selling, general and administrative 2,898 5,780 Research and development 176 375 $ 3,861 $ 7,763
Supplemental balance sheet information related to operating leases	Supplemental balance sheet information related to the Company's operating leases is as follows: June 30, (in thousands) Balance Sheet Location 2019 Right-of-use assets Other noncurrent assets $ 44,673 Current lease liabilities Accrued expenses and other liabilities $ 11,656 Noncurrent lease liabilities Other noncurrent liabilities 34,102 Total liabilities $ 45,758
Reconciliation of undiscounted cash flows for operating leases to the operating lease liabilities recorded on the unaudited condensed consolidated balance sheet	The following table reconciles the undiscounted cash flows for operating leases as of June 30, 2019 to operating lease liabilities recorded on the unaudited condensed consolidated balance sheet: Operating (in thousands) Leases Remainder of 2019 $ 7,081 2020 12,250 2021 8,880 2022 5,912 2023 3,323 Thereafter 13,737 Total future lease payments 51,183 Less: Interest (5,425 ) Present value of lease liabilities $ 45,758 Accrued expenses and other liabilities $ 11,656 Other noncurrent liabilities 34,102 Total lease liabilities $ 45,758
Schedule of future minimum rental payments under noncancelable operating leases	Future minimum rental payments under noncancelable operating leases as of December 31, 2018 were as follows: (in thousands) Year ending December 31, 2019 $ 13,119 2020 11,053 2021 7,984 2022 5,345 2023 3,133 Thereafter 13,852 Total minimum rental payments $ 54,486

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Schedule of inventory	The components of inventories were as follows: June 30, December 31, (in thousands) 2019 2018 Raw materials and supplies $ 73,928 $ 71,068 Work-in-process 20,494 21,763 Finished goods 230,166 268,376 Inventories $ 324,588 $ 361,207

Product Warranty (Tables)

Product Warranty (Tables)	6 Months Ended
	Jun. 30, 2019
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 June 30, Six months ended June 30, (in thousands) 2019 2018 2019 2018 Balance at beginning of period $ 3,548 $ 4,148 $ 3,331 $ 3,823 Provision 2,014 1,561 3,088 2,756 Claims paid/costs incurred (1,949 ) (1,666 ) (2,825 ) (2,579 ) Foreign currency translation (33 ) (105 ) (14 ) (62 ) Balance at end of period $ 3,580 $ 3,938 $ 3,580 $ 3,938

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of fair values of hedge instruments on the unaudited condensed consolidated balance sheets	The fair value of hedge instruments recognized on the unaudited condensed consolidated balance sheets was as follows: (in thousands) June 30, December 31, Balance Sheet Location Hedge Instrument Type 2019 2018 Other current assets Foreign exchange forward $ 4,200 $ 6,116 Other noncurrent assets Foreign exchange forward 372 1,015 Accrued expenses and other liabilities Foreign exchange forward 492 578 Interest rate swap 1,605 526 Other noncurrent liabilities Foreign exchange forward 625 161 Interest rate swap 1,770 925
Effect of hedge instruments on accumulated other comprehensive loss, net of tax	The hedge instrument gain (loss) recognized in accumulated other comprehensive loss, net of tax was as follows: Three months ended Six months ended June 30, June 30, (in thousands) 2019 2018 2019 2018 Type of hedge Foreign exchange forward $ 107 $ 9,209 $ 2,194 $ 2,128 Interest rate swap (1,513 ) (269 ) (2,241 ) (269 ) $ (1,406 ) $ 8,940 $ (47 ) $ 1,859
Effect of hedge instrument in the unaudited condensed consolidated statement of operations	The hedge instrument gain (loss) recognized on the unaudited condensed consolidated statements of operations was as follows: Three months ended Six months ended June 30, June 30, (in thousands) 2019 2018 2019 2018 Location of gain (loss) in statement of operations Foreign exchange forward: Cost of goods sold $ 2,993 $ (1,120 ) $ 4,599 $ (1,828 ) Selling, general and administrative (1) 131 1,684 (183 ) 1,016 Total $ 3,124 $ 564 $ 4,416 $ (812 ) Interest Rate Swap: Interest expense, net $ (166 ) $ (102 ) $ (323 ) $ (102 ) Total $ (166 ) $ (102 ) $ (323 ) $ (102 ) _______________________________________________________________________________ (1) Relates to gains (losses) on foreign exchange forward contracts derived from previously designated cash flow hedges.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2019
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 as of June 30, 2019 were as follows: Fair Value Measurements as of June 30, 2019 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 8,895 $ — $ — Other current assets Foreign exchange derivative instruments — 4,200 — Other current assets Deferred compensation program assets 1,134 — — Other noncurrent assets Foreign exchange derivative instruments — 372 — Other noncurrent assets Total assets $ 10,029 $ 4,572 $ — Liabilities Foreign exchange derivative instruments $ — $ 537 $ — Accrued expenses and other liabilities Interest rate derivative instruments — 1,605 — Accrued expenses and other liabilities Deferred compensation program liabilities 1,134 — — Other noncurrent liabilities Foreign exchange derivative instruments — 625 — Other noncurrent liabilities Interest rate derivative instruments — 1,770 — Other noncurrent liabilities Total liabilities $ 1,134 $ 4,537 $ — Assets and liabilities measured at fair value on a recurring basis as of December 31, 2018 were as follows: Fair Value Measurements as of December 31, 2018 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 8,415 $ — $ — Other current assets Foreign exchange derivative instruments — 6,116 — Other current assets Deferred compensation program assets 1,222 — — Other noncurrent assets Foreign exchange derivative instruments — 1,015 — Other noncurrent assets Total assets $ 9,637 $ 7,131 $ — Liabilities Foreign exchange derivative instruments $ — $ 578 $ — Accrued expenses and other liabilities Interest rate derivative instruments — 526 — Accrued expenses and other liabilities Deferred compensation program liabilities 1,222 — — Other noncurrent liabilities Foreign exchange derivative instruments — 161 — Other noncurrent liabilities Interest rate derivative instruments — 925 — Other noncurrent liabilities Total liabilities $ 1,222 $ 2,190 $ —

Pension and Other Postretirem_2

Pension and Other Postretirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
Schedule of components of net periodic benefit cost (income)	Components of net periodic benefit cost (income) were as follows: Pension Benefits Postretirement Benefits Three months ended June 30, (in thousands) 2019 2018 2019 2018 Components of net periodic benefit cost (income) Service cost $ 1,880 $ 2,259 $ 126 $ 154 Interest cost 2,808 2,989 140 118 Expected return on plan assets (3,257 ) (3,198 ) — — Settlement expense 1,775 464 — — Amortization of net loss (gain) 129 732 (355 ) (419 ) Amortization of prior service cost (credit) 48 43 (34 ) (34 ) Net periodic benefit cost (income) $ 3,383 $ 3,289 $ (123 ) $ (181 ) Pension Benefits Postretirement Benefits Six months ended June 30, (in thousands) 2019 2018 2019 2018 Components of net periodic benefit cost (income) Service cost $ 4,122 $ 4,702 $ 287 $ 329 Interest cost 5,788 5,947 278 245 Expected return on plan assets (6,556 ) (6,477 ) — — Settlement expense 1,775 472 — — Amortization of net loss (gain) 401 1,252 (718 ) (770 ) Amortization of prior service cost (credit) 92 87 (68 ) (68 ) Net periodic benefit cost (income) $ 5,622 $ 5,983 $ (221 ) $ (264 )

Common Stock (Tables)

Common Stock (Tables)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Schedule of declared dividends per share	The Company declared dividends per common share, including DERs (Note 11 ), during the periods presented as follows: (in thousands, except per share amounts) Dividends per Common Share Amount 2019: Second Quarter $ 0.14 $ 10,751 First Quarter 0.14 10,782 Total dividends declared in 2019 $ 0.28 $ 21,533 2018: Fourth Quarter $ 0.13 $ 9,968 Third Quarter 0.13 9,954 Second Quarter 0.13 9,917 First Quarter 0.13 9,917 Total dividends declared in 2018 $ 0.52 $ 39,756

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
Summary of the Company’s restricted and performance stock units	A summary of the Company’s RSUs and PSUs as of June 30, 2019 and changes during the six months then ended is presented below: Weighted- Weighted- Number Average Number Average of RSUs Fair Value RSUs of PSUs Fair Value PSUs Outstanding as of December 31, 2018 881,832 $ 21.75 — $ — Granted 654,660 23.50 207,077 23.47 Vested (515,701 ) 20.53 — — Forfeited (9,813 ) 24.17 — — Outstanding as of June 30, 2019 1,010,978 $ 23.49 207,077 $ 23.47 Undelivered (1) 117,831 — _______________________________________________________________________________ (1) Shares of common stock related to vestings occurring in 2019 that were not delivered as of June 30, 2019 .
Summary of shares of common stock issued	A summary of shares of common stock issued related to the 2015 Plan, including the impact of any DERs issued in common stock, is presented below: Six months ended Six months ended June 30, 2019 June 30, 2018 RSUs PSUs RSUs PSUs Shares of common stock issued (1) 401,986 900,226 398,628 — Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations (123,013 ) (325,246 ) (122,795) — Net shares of common stock issued 278,973 574,980 275,833 — Cumulative undelivered shares of common stock 177,249 — — — ______________________________________________________________________________ (1) Shares of common stock issued related to PSUs represents PSUs that vested in 2018 but were delivered in common stock during the six months ended June 30, 2019 .
Schedule of compensation expense related to equity incentive plans	The allocation of compensation expense related to equity incentive plans in the unaudited condensed consolidated statements of operations was as follows: Three months ended Six months ended June 30, June 30, (in thousands) 2019 2018 2019 2018 Cost of goods sold $ 194 $ 113 $ 361 $ 207 Selling, general and administrative 3,174 4,559 4,641 8,292 Research and development 233 312 384 611 Total compensation expense before income tax 3,601 4,984 5,386 9,110 Income tax benefit 746 1,029 1,136 1,882 Total compensation expense, net of income tax $ 2,855 $ 3,955 $ 4,250 $ 7,228

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss, Net of Tax (Tables)	6 Months Ended
	Jun. 30, 2019
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Schedule of changes in each component of accumulated comprehensive loss, net of tax effects	The components of and changes in accumulated other comprehensive loss, net of tax, were as follows: Foreign Gains (Losses) on Gains (Losses) on Pension and Accumulated Currency Foreign Exchange Interest Rate Other Other Translation Derivative Swap Derivative Postretirement Comprehensive (in thousands) Adjustments Instruments Instruments Adjustments Loss, Net of Tax Balance as of December 31, 2018 $ (71,853 ) $ 5,258 $ (1,098 ) $ (21,346 ) $ (89,039 ) Other comprehensive income (loss) before reclassifications (375 ) 2,194 (2,241 ) (1 ) (423 ) Amounts reclassified from accumulated other comprehensive loss, net of tax — (4,599 ) 323 1,482 (2,794 ) Tax benefit (expense) — 777 179 (347 ) 609 Balance as of June 30, 2019 $ (72,228 ) $ 3,630 $ (2,837 ) $ (20,212 ) $ (91,647 )

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	6 Months Ended
	Jun. 30, 2019
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 Six months ended June 30, June 30, (in thousands, except share and per share amounts) 2019 2018 2019 2018 Net income attributable to Acushnet Holdings Corp. $ 38,488 $ 39,907 $ 73,414 $ 81,391 Weighted average number of common shares: Basic 75,618,717 74,762,469 75,811,780 74,706,663 Diluted 75,858,114 75,028,658 76,060,003 74,911,551 Net income per common share attributable to Acushnet Holdings Corp.: Basic $ 0.51 $ 0.53 $ 0.97 $ 1.09 Diluted $ 0.51 $ 0.53 $ 0.97 $ 1.09
Schedule of securities excluded from the calculation of diluted weighted average common shares.	For the three and six months ended June 30, 2019 and 2018 , 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 Six months ended June 30, June 30, 2019 2018 2019 2018 RSUs — — 2,025 —

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2019
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: Three months ended June 30, Six months ended June 30, (in thousands) 2019 2018 2019 2018 Net sales Titleist golf balls $ 173,305 $ 172,211 $ 314,972 $ 297,117 Titleist golf clubs 107,010 117,839 198,328 234,732 Titleist golf gear 46,837 45,822 92,018 90,167 FootJoy golf wear 114,095 119,496 255,076 260,202 Other 20,971 22,770 35,526 37,721 Total net sales $ 462,218 $ 478,138 $ 895,920 $ 919,939 Segment operating income Titleist golf balls $ 37,972 $ 36,848 $ 57,700 $ 50,828 Titleist golf clubs 6,865 10,521 6,460 26,904 Titleist golf gear 9,066 8,254 18,217 16,038 FootJoy golf wear 4,156 5,387 24,300 25,642 Other 5,147 4,866 8,587 7,413 Total segment operating income 63,206 65,876 115,264 126,825 Reconciling items: Interest expense, net (5,213 ) (5,247 ) (10,096 ) (9,655 ) Non-service cost component of net periodic benefit cost (1,254 ) (695 ) (992 ) (688 ) Transaction fees (1,947 ) — (1,947 ) — Other 349 (1,146 ) 1,226 616 Total income before income tax $ 55,141 $ 58,788 $ 103,455 $ 117,098
Schedule of net sales by geographical area	Information as to the Company’s operations in different geographical areas is presented below. Net sales are categorized based on the location in which the sale originates. Three months ended June 30, Six months ended June 30, (in thousands) 2019 2018 2019 2018 United States $ 256,267 $ 252,740 $ 486,650 $ 472,029 EMEA (1) 60,001 67,674 131,079 140,716 Japan 38,813 45,487 79,548 97,616 Korea 60,410 61,974 109,452 114,649 Rest of world 46,727 50,263 89,191 94,929 Total net sales $ 462,218 $ 478,138 $ 895,920 $ 919,939 _______________________________________________________________________________ (1) Europe, the Middle East and Africa ("EMEA")

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of purchase obligations	Purchase obligations by the Company as of June 30, 2019 were as follows: Payments Due by Period Remainder of (in thousands) 2019 2020 2021 2022 2023 Thereafter Purchase obligations (1) $ 173,942 $ 25,553 $ 7,350 $ 2,335 $ 1,546 $ 4,807 _______________________________________________________________________________ (1) The reported amounts exclude those liabilities included in accounts payable or accrued liabilities on the consolidated balance sheet as of June 30, 2019 .

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jan. 01, 2019	Dec. 31, 2018
Cash and Restricted Cash
Restricted cash	$ 2,100,000		$ 2,100,000			$ 2,000,000
Accounts receivable
Allowance for doubtful accounts	5,600,000		5,600,000			7,300,000
Recently Adopted Accounting Standards
Operating lease, right-of-use assets	44,673,000		44,673,000
Operating lease, liabilities	$ 45,758,000		$ 45,758,000
Renewal terms (up to)	3 years		3 years
Accounting Standards Update 2016-02
Recently Adopted Accounting Standards
Operating lease, right-of-use assets					$ 48,100,000
Operating lease, liabilities					$ 48,100,000
Selling, general and administrative
Foreign currency translation and transactions
Transaction gains (losses) included in selling, general and administrative expense	$ (100,000)	$ (3,100,000)	$ 400,000	$ (1,100,000)
VIE
Variable interest entities
Ownership percentage			40.00%
Outstanding borrowings	$ 0		$ 0			$ 0

Leases - Components of Lease Co

Leases - Components of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Lessee, Lease, Description [Line Items]
Total operating lease cost	$ 3,861	$ 7,763
Cost of goods sold
Lessee, Lease, Description [Line Items]
Total operating lease cost	787	1,608
Selling, general and administrative
Lessee, Lease, Description [Line Items]
Total operating lease cost	2,898	5,780
Research and development
Lessee, Lease, Description [Line Items]
Total operating lease cost	$ 176	$ 375

Leases - Right-of-Use Assets (D

Leases - Right-of-Use Assets (Details) $ in Thousands	Jun. 30, 2019USD ($)
Operating Leases
Right-of-use assets	$ 44,673
Current lease liabilities	11,656
Noncurrent lease liabilities	34,102
Total liabilities	$ 45,758

Leases - Weighted Average Remai

Leases - Weighted Average Remaining Lease Term and Weighted Average Discount Rate (Details)	Jun. 30, 2019
Leases [Abstract]
Weighted average remaining lease term (years)	5 years 8 months 12 days
Weighted average discount rate	3.41%

Leases - Reconciliation of Leas

Leases - Reconciliation of Lease Liabilities (Details) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
Remainder of 2019	$ 7,081
2020	12,250
2021	8,880
2022	5,912
2023	3,323
Thereafter	13,737
Total future lease payments	51,183
Less: Interest	(5,425)
Total liabilities	45,758
Accrued expenses and other liabilities	11,656
Other noncurrent liabilities	$ 34,102

Leases - Future Minimum Rental

Leases - Future Minimum Rental Payments (Details) $ in Thousands	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 13,119
2020	11,053
2021	7,984
2022	5,345
2023	3,133
Thereafter	13,852
Total minimum rental payments	$ 54,486

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$ 7,229
Non-cash right-of-use assets obtained in exchange for lease obligations:
Operating leases	$ 3,005

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 73,928	$ 71,068
Work-in-process	20,494	21,763
Finished goods	230,166	268,376
Inventories	$ 324,588	$ 361,207

Product Warranty (Details)

Product Warranty (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Activity for accrued warranty expense
Balance at beginning of period	$ 3,548	$ 4,148	$ 3,331	$ 3,823
Provision	2,014	1,561	3,088	2,756
Claims paid/costs incurred	(1,949)	(1,666)	(2,825)	(2,579)
Foreign currency translation	(33)	(105)	(14)	(62)
Balance at end of period	$ 3,580	$ 3,938	$ 3,580	$ 3,938
Minimum
Product Warranty Liability [Line Items]
Product warranty period			1 year
Maximum
Product Warranty Liability [Line Items]
Product warranty period			2 years

Debt and Financing Arrangemen_2

Debt and Financing Arrangements (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Unsecured Local Credit Facilities
Line of Credit Facility [Line Items]
Weighted average interest rate	1.54%	3.25%
Available borrowings	$ 60,800,000
Other short-term borrowings, outstanding borrowings	3,800,000	$ 900,000
Revolving credit facility
Line of Credit Facility [Line Items]
Outstanding borrowings	$ 38,400,000	0
Weighted average interest rate	3.63%
Available borrowings	$ 226,700,000
Revolving credit facility | Letters of credit
Line of Credit Facility [Line Items]
Outstanding borrowings	9,900,000
Letters of credit
Line of Credit Facility [Line Items]
Outstanding borrowings	14,200,000	15,500,000
Line of credit secured	11,000,000	12,400,000
Maximum commitment	$ 29,300,000	$ 29,200,000

Derivative Financial Instrume_3

Derivative Financial Instruments - Fair value of hedge instruments in unaudited condensed consolidated balance sheets (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)derivative
Foreign exchange forward | Derivative designated as hedging
Derivatives, Fair Value [Line Items]
Notional amount	$ 294,300	$ 312,800
Foreign exchange forward | Derivative designated as hedging | Other current assets
Derivatives, Fair Value [Line Items]
Asset derivatives	4,200	6,116
Foreign exchange forward | Derivative designated as hedging | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Asset derivatives	372	1,015
Foreign exchange forward | Derivative designated as hedging | Accrued expenses and other liabilities
Derivatives, Fair Value [Line Items]
Liability derivatives	492	578
Foreign exchange forward | Derivative designated as hedging | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Liability derivatives	625	$ 161
Foreign exchange forward | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional amount	$ 1,500
Number of outstanding contracts | derivative		0
Foreign exchange forward | Maximum
Derivatives, Fair Value [Line Items]
Term of derivative contract	24 months
Interest rate swap | Derivative designated as hedging
Derivatives, Fair Value [Line Items]
Notional amount	$ 160,000	$ 185,000
Interest rate swap | Derivative designated as hedging | Accrued expenses and other liabilities
Derivatives, Fair Value [Line Items]
Liability derivatives	1,605	526
Interest rate swap | Derivative designated as hedging | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Liability derivatives	$ 1,770	$ 925

Derivative Financial Instrume_4

Derivative Financial Instruments - Effect of hedge instruments in unaudited condensed comprehensive income (loss) and statement of operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in accumulated other comprehensive loss, net of tax	$ (1,406)		$ (47)
Gain (loss) recognized in accumulated other comprehensive loss, net of tax		$ 8,940		$ 1,859
Foreign exchange forward
Derivative Instruments, Gain (Loss) [Line Items]
Expected reclassification of gain (loss) recorded in accumulated other comprehensive loss, net of tax into cost of goods sold during next twelve months			4,900
Interest rate swap
Derivative Instruments, Gain (Loss) [Line Items]
Expected reclassification of gain (loss) recorded in accumulated other comprehensive loss, net of tax into cost of goods sold during next twelve months			(1,600)
Derivative designated as hedging | Foreign exchange forward
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on unaudited condensed consolidated statements of operations	3,124	564	4,416	(812)
Derivative designated as hedging | Foreign exchange forward | Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on unaudited condensed consolidated statements of operations	2,993	(1,120)	4,599	(1,828)
Derivative designated as hedging | Foreign exchange forward | Selling, general and administrative
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on unaudited condensed consolidated statements of operations	131	1,684	(183)	1,016
Derivative designated as hedging | Interest rate swap
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on unaudited condensed consolidated statements of operations	(166)	(102)	(323)	(102)
Derivative designated as hedging | Interest rate swap | Interest expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on unaudited condensed consolidated statements of operations	(166)	(102)	(323)	(102)
Derivative designated as hedging | Cash flow hedge
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in accumulated other comprehensive loss, net of tax	(1,406)		(47)
Gain (loss) recognized in accumulated other comprehensive loss, net of tax		8,940		1,859
Derivative designated as hedging | Cash flow hedge | Foreign exchange forward
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in accumulated other comprehensive loss, net of tax	107		2,194
Gain (loss) recognized in accumulated other comprehensive loss, net of tax		9,209		2,128
Derivative designated as hedging | Cash flow hedge | Interest rate swap
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in accumulated other comprehensive loss, net of tax	$ (1,513)		$ (2,241)
Gain (loss) recognized in accumulated other comprehensive loss, net of tax		$ (269)		$ (269)

Fair Value Measurements - Asset

Fair Value Measurements - Assets and liabilities at fair value (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Level 1
Assets
Total assets	$ 10,029	$ 9,637
Liabilities
Total liabilities	1,134	1,222
Level 2
Assets
Total assets	4,572	7,131
Liabilities
Total liabilities	4,537	2,190
Level 3
Assets
Total assets	0	0
Liabilities
Total liabilities	0	0
Other current assets | Rabbi trust | Level 1
Assets
Total assets	8,895	8,415
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	4,200	6,116
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	372	1,015
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	1,134	1,222
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
Accrued expenses and other liabilities | Foreign exchange derivative instruments | Level 1
Liabilities
Total liabilities	0	0
Accrued expenses and other liabilities | Foreign exchange derivative instruments | Level 2
Liabilities
Total liabilities	537	578
Accrued expenses and other liabilities | Foreign exchange derivative instruments | Level 3
Liabilities
Total liabilities	0	0
Accrued expenses and other liabilities | Interest rate derivative instruments | Level 1
Liabilities
Total liabilities	0	0
Accrued expenses and other liabilities | Interest rate derivative instruments | Level 2
Liabilities
Total liabilities	1,605	526
Accrued expenses and other liabilities | Interest rate 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	625	161
Other noncurrent liabilities | Foreign exchange derivative instruments | Level 3
Liabilities
Total liabilities	0	0
Other noncurrent liabilities | Interest rate derivative instruments | Level 1
Liabilities
Total liabilities	0	0
Other noncurrent liabilities | Interest rate derivative instruments | Level 2
Liabilities
Total liabilities	1,770	925
Other noncurrent liabilities | Interest rate derivative instruments | Level 3
Liabilities
Total liabilities	0	0
Other noncurrent liabilities | Deferred compensation program liabilities | Level 1
Liabilities
Total liabilities	1,134	1,222
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 Postretirem_3

Pension and Other Postretirement Benefits - Periodic benefit cost (income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Pension Benefits
Components of net periodic benefit cost (income)
Service cost	$ 1,880	$ 2,259	$ 4,122	$ 4,702
Interest cost	2,808	2,989	5,788	5,947
Expected return on plan assets	(3,257)	(3,198)	(6,556)	(6,477)
Settlement expense	1,775	464	1,775	472
Amortization of net loss (gain)	129	732	401	1,252
Amortization of prior service cost (credit)	48	43	92	87
Net periodic benefit cost (income)	3,383	3,289	5,622	5,983
Postretirement Benefits
Components of net periodic benefit cost (income)
Service cost	126	154	287	329
Interest cost	140	118	278	245
Expected return on plan assets	0	0	0	0
Settlement expense	0	0	0	0
Amortization of net loss (gain)	(355)	(419)	(718)	(770)
Amortization of prior service cost (credit)	(34)	(34)	(68)	(68)
Net periodic benefit cost (income)	$ (123)	$ (181)	$ (221)	$ (264)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Decrease in income tax expense	$ 2,200		$ 5,100
Income tax expense	$ 16,239	$ 18,419	$ 28,514	$ 33,639
Effective tax rate	29.40%	31.30%	27.60%	28.70%

Common Stock (Details)

Common Stock (Details) - USD ($)	3 Months Ended						6 Months Ended		12 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Sep. 30, 2019
Equity [Abstract]
Dividends per Common Share (in dollars per share)	$ 0.14	$ 0.14	$ 0.13	$ 0.13	$ 0.13	$ 0.13	$ 0.28		$ 0.52
Amount	$ 10,751,000	$ 10,782,000	$ 9,968,000	$ 9,954,000	$ 9,917,000	$ 9,917,000	$ 21,533,000	$ 19,834,000	$ 39,756,000
Dividends Payable [Line Items]
Issued and outstanding common stock authorized to repurchase	50,000,000						50,000,000
Aggregate purchases of shares in open market before shares will be purchased from Magnus	$ 24,900,000						24,900,000
Common stock repurchased (in shares)	253,385
Average price to repurchase common stock (in dollars per share)	$ 24.38
Total cost of repurchases	$ 6,178,000						$ 6,178,000
Accrued share repurchase (in shares)	253,385						253,385
Amount remaining under current authorizations	$ 43,800,000						$ 43,800,000
Magnus
Dividends Payable [Line Items]
Share repurchase liability	$ 6,200,000						$ 6,200,000
Accrued share repurchase (in shares)	253,385						253,385
Amount remaining under current authorizations	$ 24,900,000						$ 24,900,000
Forecast
Dividends Payable [Line Items]
Dividends declared and payable (in dollars per share)										$ 0.14

Equity Incentive Plans - Narrat

Equity Incentive Plans - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
RSUs and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period	2 years 3 months 18 days
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 18.1
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Unrecognized compensation expense	$ 4.2
Minimum | RSUs | Company Officers and Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Maximum | RSUs | Company Officers and Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years

Equity Incentive Plans - Restri

Equity Incentive Plans - Restricted Stock and Performance Stock Units (Details) - 2015 Omnibus Incentive Plan	6 Months Ended
	Jun. 30, 2019$ / sharesshares
RSUs
Number of Units
Outstanding at beginning of the period (in shares)	881,832
Granted (in shares)	654,660
Vested (in shares)	(515,701)
Forfeited (in shares)	(9,813)
Outstanding at end of the period (in shares)	1,010,978
Undelivered (in shares)	117,831
Weighted - Average Fair Value
Outstanding at beginning of the period (in dollars per share) | $ / shares	$ 21.75
Granted (in dollars per share) | $ / shares	23.50
Vested (in dollars per share) | $ / shares	20.53
Forfeited (in dollars per share) | $ / shares	24.17
Outstanding at end of the period (in dollars per share) | $ / shares	$ 23.49
PSUs
Number of Units
Outstanding at beginning of the period (in shares)	0
Granted (in shares)	207,077
Vested (in shares)	0
Forfeited (in shares)	0
Outstanding at end of the period (in shares)	207,077
Undelivered (in shares)	0
Weighted - Average Fair Value
Outstanding at beginning of the period (in dollars per share) | $ / shares	$ 0
Granted (in dollars per share) | $ / shares	23.47
Vested (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	0
Outstanding at end of the period (in dollars per share) | $ / shares	$ 23.47

Equity Incentive Plans Equity I

Equity Incentive Plans Equity Incentive Plans - Summary of Shares of Common Stock Issued (Details) - 2015 Omnibus Incentive Plan - shares	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
RSUs
Class of Stock [Line Items]
Cumulative undelivered shares of common stock (in shares)	117,831
PSUs
Class of Stock [Line Items]
Cumulative undelivered shares of common stock (in shares)	0
Common Stock | RSUs
Class of Stock [Line Items]
Shares of common stock issued (in shares)	401,986	398,628
Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations (in shares)	(123,013)	(122,795)
Net shares of common stock issued (in shares)	278,973	275,833
Cumulative undelivered shares of common stock (in shares)	177,249	0
Common Stock | PSUs
Class of Stock [Line Items]
Shares of common stock issued (in shares)	900,226	0
Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations (in shares)	(325,246)	0
Net shares of common stock issued (in shares)	574,980	0
Cumulative undelivered shares of common stock (in shares)	0	0

Equity Incentive Plans - Alloca

Equity Incentive Plans - Allocation of Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense before income tax	$ 3,601	$ 4,984	$ 5,386	$ 9,110
Income tax benefit	746	1,029	1,136	1,882
Total compensation expense, net of income tax	2,855	3,955	4,250	7,228
Cost of goods sold
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense before income tax	194	113	361	207
Selling, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense before income tax	3,174	4,559	4,641	8,292
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense before income tax	$ 233	$ 312	$ 384	$ 611

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss, Net of Tax (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 926,984
Other comprehensive income (loss) before reclassifications	(423)
Amounts reclassified from accumulated other comprehensive loss, net of tax	(2,794)
Tax benefit (expense)	609
Ending balance	958,037
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(71,853)
Other comprehensive income (loss) before reclassifications	(375)
Amounts reclassified from accumulated other comprehensive loss, net of tax	0
Tax benefit (expense)	0
Ending balance	(72,228)
Gains (Losses) on Cash Flow Derivative Instruments | Foreign exchange derivative instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	5,258
Other comprehensive income (loss) before reclassifications	2,194
Amounts reclassified from accumulated other comprehensive loss, net of tax	(4,599)
Tax benefit (expense)	777
Ending balance	3,630
Gains (Losses) on Cash Flow Derivative Instruments | Interest rate swap
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1,098)
Other comprehensive income (loss) before reclassifications	(2,241)
Amounts reclassified from accumulated other comprehensive loss, net of tax	323
Tax benefit (expense)	179
Ending balance	(2,837)
Pension and Other Postretirement Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(21,346)
Other comprehensive income (loss) before reclassifications	(1)
Amounts reclassified from accumulated other comprehensive loss, net of tax	1,482
Tax benefit (expense)	(347)
Ending balance	(20,212)
Accumulated Other Comprehensive Loss, Net of Tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(89,039)
Ending balance	$ (91,647)

Net Income per Common Share - C

Net Income per Common Share - Computation of basic and diluted net income per common share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Net income attributable to Acushnet Holdings Corp.	$ 38,488	$ 39,907	$ 73,414	$ 81,391
Weighted average number of common shares:
Basic (in shares)	75,618,717	74,762,469	75,811,780	74,706,663
Diluted (in shares)	75,858,114	75,028,658	76,060,003	74,911,551
Net income per common share attributable to Acushnet Holdings Corp.:
Basic (in dollars per share)	$ 0.51	$ 0.53	$ 0.97	$ 1.09
Diluted (in dollars per share)	$ 0.51	$ 0.53	$ 0.97	$ 1.09

Net Income per Common Share -_2

Net Income per Common Share - Calculation of diluted weighted average common shares outstanding (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
RSUs
Securities excluded from calculation of diluted weighted-average common shares outstanding as their impact was anti-dilutive (in shares)	0	0	2,025	0

Segment Information - Reconcili

Segment Information - Reconciliation (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)segment	Jun. 30, 2018USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			4
Segment Reporting Information [Line Items]
Net sales	$ 462,218	$ 478,138	$ 895,920	$ 919,939
Segment operating income	61,135	64,579	113,362	126,863
Reconciling items:
Interest expense, net	(5,213)	(5,247)	(10,096)	(9,655)
Income before income taxes	55,141	58,788	103,455	117,098
Operating segments
Segment Reporting Information [Line Items]
Segment operating income	63,206	65,876	115,264	126,825
Reconciling Items
Reconciling items:
Interest expense, net	(5,213)	(5,247)	(10,096)	(9,655)
Non-service cost component of net periodic benefit cost	(1,254)	(695)	(992)	(688)
Transaction fees	(1,947)	0	(1,947)	0
Other	349	(1,146)	1,226	616
Titleist golf balls | Operating segments
Segment Reporting Information [Line Items]
Net sales	173,305	172,211	314,972	297,117
Segment operating income	37,972	36,848	57,700	50,828
Titleist golf clubs | Operating segments
Segment Reporting Information [Line Items]
Net sales	107,010	117,839	198,328	234,732
Segment operating income	6,865	10,521	6,460	26,904
Titleist golf gear | Operating segments
Segment Reporting Information [Line Items]
Net sales	46,837	45,822	92,018	90,167
Segment operating income	9,066	8,254	18,217	16,038
FootJoy golf wear | Operating segments
Segment Reporting Information [Line Items]
Net sales	114,095	119,496	255,076	260,202
Segment operating income	4,156	5,387	24,300	25,642
Other | Operating segments
Segment Reporting Information [Line Items]
Net sales	20,971	22,770	35,526	37,721
Segment operating income	$ 5,147	$ 4,866	$ 8,587	$ 7,413

Segment Information - Geographi

Segment Information - Geographical Areas (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	$ 462,218	$ 478,138	$ 895,920	$ 919,939
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	256,267	252,740	486,650	472,029
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	60,001	67,674	131,079	140,716
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	38,813	45,487	79,548	97,616
Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	60,410	61,974	109,452	114,649
Rest of world
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	$ 46,727	$ 50,263	$ 89,191	$ 94,929

Commitments and Contingencies -

Commitments and Contingencies - Purchase Commitments (Details) $ in Thousands	Jun. 30, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2019	$ 173,942
2020	25,553
2021	7,350
2022	2,335
2023	1,546
Thereafter	$ 4,807

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Estimated receivable for indemnifications	$ 9.2	$ 8.9

Subsequent Event (Details)

Subsequent Event (Details) $ in Millions	Jul. 03, 2019USD ($)
KJUS | Subsequent Event
Subsequent Event [Line Items]
Purchase price, net of estimated cash acquired	$ 28.7

Uncategorized Items - golf-10qq

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (1,501,000)
Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	(1,501,000)
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	4,631,000
AOCI Attributable to Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (6,132,000)