Acushnet (GOLF) 10-Q 5 Aug 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2021	Jul. 30, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
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	800
Local Phone Number	225-8500
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		73,905,679
Entity Central Index Key	0001672013
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash, cash equivalents and restricted cash ($11,600 and $6,843 attributable to the variable interest entity ("VIE"))	$ 253,251	$ 151,452
Accounts receivable, net	377,922	201,518
Inventories ($10,123 and $13,830 attributable to the VIE)	300,324	357,682
Prepaid and other assets	102,063	89,155
Total current assets	1,033,560	799,807
Property, plant and equipment, net ($10,392 and $10,538 attributable to the VIE)	219,379	222,811
Goodwill ($32,312 and $32,312 attributable to the VIE)	213,541	215,186
Intangible assets, net	469,438	473,533
Deferred income taxes	56,649	80,060
Other assets ($2,196 and $2,239 attributable to the VIE)	74,125	75,158
Total assets	2,066,692	1,866,555
Current liabilities
Short-term debt	21,485	2,810
Current portion of long-term debt	17,500	17,500
Accounts payable ($8,966 and $8,702 attributable to the VIE)	126,644	112,867
Accrued taxes	59,179	40,952
Accrued compensation and benefits ($1,011 and $1,454 attributable to the VIE)	78,669	82,290
Accrued expenses and other liabilities ($3,615 and $3,699 attributable to the VIE)	119,336	101,260
Total current liabilities	422,813	357,679
Long-term debt	305,346	313,619
Deferred income taxes	3,751	3,821
Accrued pension and other postretirement benefits	122,651	121,929
Other noncurrent liabilities ($2,282 and $2,261 attributable to the VIE)	50,558	52,128
Total liabilities	905,119	849,176
Commitments and contingencies (Note 15)
Redeemable noncontrolling interest	1,521	126
Shareholders' equity
Common stock, $0.001 par value, 500,000,000 shares authorized; 75,855,036 and 75,666,367 shares issued	76	76
Additional paid-in capital	934,919	925,385
Accumulated other comprehensive loss, net of tax	(96,245)	(96,182)
Retained earnings	338,633	199,776
Treasury stock, at cost; 1,871,857 and 1,671,754 shares (including 299,894 of accrued share repurchases as of December 31, 2020) (Note 10)	(54,213)	(45,106)
Total equity attributable to Acushnet Holdings Corp.	1,123,170	983,949
Noncontrolling interests	36,882	33,304
Total shareholders' equity	1,160,052	1,017,253
Total liabilities, redeemable noncontrolling interest and shareholders' equity	$ 2,066,692	$ 1,866,555

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Cash and restricted cash	$ 253,251	$ 151,452
Inventories	300,324	357,682
Property, plant and equipment, net	219,379	222,811
Goodwill	213,541	215,186
Other assets	74,125	75,158
Accounts payable	126,644	112,867
Accrued compensation and benefits	78,669	82,290
Accrued expenses and other liabilities	119,336	101,260
Other noncurrent liabilities	$ 50,558	$ 52,128
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)	75,855,036	75,666,367
Treasury stock, at cost (in shares)	1,871,857	1,671,754
Accrued share repurchase (in shares)		299,894
VIE
Cash and restricted cash	$ 11,600	$ 6,843
Inventories	10,123	13,830
Property, plant and equipment, net	10,392	10,538
Goodwill	32,312	32,312
Other assets	2,196	2,239
Accounts payable	8,966	8,702
Accrued compensation and benefits	1,011	1,454
Accrued expenses and other liabilities	3,615	3,699
Other noncurrent liabilities	$ 2,282	$ 2,261

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Net sales	$ 624,850	$ 300,002	$ 1,205,735	$ 708,743
Cost of goods sold	290,424	143,545	560,570	351,331
Gross profit	334,426	156,457	645,165	357,412
Operating expenses:
Selling, general and administrative	210,255	130,535	386,624	283,258
Research and development	13,021	11,132	25,350	24,352
Intangible amortization	1,970	1,955	3,942	3,911
Restructuring charges	0	1,104	0	12,732
Income from operations	109,180	11,731	229,249	33,159
Interest expense, net	1,848	4,402	5,464	8,525
Other expense, net	239	4,174	2,231	4,864
Income before income taxes	107,093	3,155	221,554	19,770
Income tax expense (benefit)	24,573	(598)	52,407	7,042
Net income	82,520	3,753	169,147	12,728
Less: Net income attributable to noncontrolling interests	(1,435)	(1,440)	(3,104)	(1,538)
Net income attributable to Acushnet Holdings Corp.	$ 81,085	$ 2,313	$ 166,043	$ 11,190
Net income per common share attributable to Acushnet Holdings Corp.:
Basic (in dollars per share)	$ 1.09	$ 0.03	$ 2.22	$ 0.15
Diluted (in dollars per share)	$ 1.08	$ 0.03	$ 2.21	$ 0.15
Weighted average number of common shares:
Basic (in shares)	74,661,356	74,252,981	74,719,450	74,394,967
Diluted (in shares)	75,200,906	74,875,219	75,227,787	74,983,411

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 82,520	$ 3,753	$ 169,147	$ 12,728
Other comprehensive income:
Foreign currency translation adjustments	(962)	18,043	(8,042)	(4,740)
Cash flow derivative instruments:
Unrealized holding gains (losses) arising during period	677	(5,794)	5,044	1,608
Reclassification adjustments included in net income	2,520	881	3,083	(843)
Tax (expense) benefit	(917)	1,663	(2,581)	(185)
Cash flow derivative instruments, net	2,280	(3,250)	5,546	580
Pension and other postretirement benefits:
Pension and other postretirement benefits adjustments	781	4,376	3,356	6,066
Tax expense	(184)	(1,083)	(923)	(1,451)
Pension and other postretirement benefits adjustments, net	597	3,293	2,433	4,615
Total other comprehensive income (loss)	1,915	18,086	(63)	455
Comprehensive income	84,435	21,839	169,084	13,183
Less: Comprehensive income attributable to noncontrolling interests	(1,467)	(1,537)	(2,996)	(1,655)
Comprehensive income attributable to Acushnet Holdings Corp.	$ 82,968	$ 20,302	$ 166,088	$ 11,528

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities
Net income	$ 169,147	$ 12,728
Adjustments to reconcile net income to cash flows provided by (used in) operating activities
Depreciation and amortization	20,638	20,571
Unrealized foreign exchange (gains) losses	(3,824)	2,184
Amortization of debt issuance costs	1,131	425
Share-based compensation	13,810	6,403
Loss (gain) on disposals of property, plant and equipment	127	(53)
Deferred income taxes	19,121	(4,244)
Changes in operating assets and liabilities
Accounts receivable	(180,474)	(56,640)
Inventories	54,744	30,066
Accounts payable	13,925	(23,187)
Accrued taxes	19,776	(1,626)
Other assets and liabilities	24,290	12,534
Cash flows provided by (used in) operating activities	152,411	(839)
Cash flows from investing activities
Additions to property, plant and equipment	(12,401)	(10,355)
Cash flows used in investing activities	(12,401)	(10,355)
Cash flows from financing activities
Proceeds from short-term borrowings, net	18,543	127,616
Repayments of term loan facility	(8,750)	(8,750)
Purchases of common stock	(17,885)	(6,976)
Debt issuance costs	0	(14)
Dividends paid on common stock	(24,872)	(23,034)
Dividends paid to noncontrolling interests	(111)	0
Payment of employee restricted stock tax withholdings	(3,946)	(496)
Cash flows (used in) provided by financing activities	(37,021)	88,346
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	(1,190)	(307)
Net increase in cash, cash equivalents and restricted cash	101,799	76,845
Cash, cash equivalents and restricted cash, beginning of year	151,452	34,184
Cash, cash equivalents and restricted cash, end of period	253,251	111,029
Supplemental information
Non-cash additions to property, plant and equipment	2,782	1,014
Non-cash additions to right-of-use assets obtained in exchange for operating lease obligations	6,302	3,237
Non-cash additions to right-of-use assets obtained in exchange for finance lease obligations	150	427
Dividend equivalents rights ("DERs") declared not paid	1,031	477
Share repurchase liability (Note 10)	$ 0	$ 6,976

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 (in shares) at Dec. 31, 2019			75,620
Beginning balance at Dec. 31, 2019	$ 950,826	$ 918,440	$ 76	$ 910,507	$ (112,028)	$ 151,039	$ (31,154)	$ 32,386
Changes in stockholders' equity
Dividends and dividend equivalents declared	(11,735)
Ending balance (in shares) at Mar. 31, 2020			75,649
Ending balance at Mar. 31, 2020	918,564	885,654	$ 76	912,162	(129,659)	148,181	(45,106)	32,910
Beginning balance (in shares) at Dec. 31, 2019			75,620
Beginning balance at Dec. 31, 2019	950,826	918,440	$ 76	910,507	(112,028)	151,039	(31,154)	32,386
Changes in stockholders' equity
Net income	13,548	11,190				11,190		2,358
Other comprehensive income (loss)	455	455			455
Share-based compensation	6,075	6,075		6,075
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note 11) (in shares)			36
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note 11)	(485)	(485)		(485)
Purchases of common stock (Note 10)	(6,976)	(6,976)					(6,976)
Share repurchase liability (Note 10)	(6,976)	(6,976)					(6,976)
Dividends and dividend equivalents declared	(23,496)	(23,496)				(23,496)
Ending balance (in shares) at Jun. 30, 2020			75,656
Ending balance at Jun. 30, 2020	932,971	898,227	$ 76	916,097	(111,573)	138,733	(45,106)	34,744
Beginning balance (in shares) at Dec. 31, 2019			75,620
Beginning balance at Dec. 31, 2019	950,826	918,440	$ 76	910,507	(112,028)	151,039	(31,154)	32,386
Changes in stockholders' equity
Dividends and dividend equivalents declared	(47,269)
Ending balance (in shares) at Dec. 31, 2020			75,666
Ending balance at Dec. 31, 2020	1,017,253	983,949	$ 76	925,385	(96,182)	199,776	(45,106)	33,304
Beginning balance (in shares) at Mar. 31, 2020			75,649
Beginning balance at Mar. 31, 2020	918,564	885,654	$ 76	912,162	(129,659)	148,181	(45,106)	32,910
Changes in stockholders' equity
Net income	4,147	2,313				2,313		1,834
Other comprehensive income (loss)	18,086	18,086			18,086
Share-based compensation	4,052	4,052		4,052
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note 11) (in shares)			7
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note 11)	(117)	(117)		(117)
Dividends and dividend equivalents declared	(11,761)	(11,761)				(11,761)
Ending balance (in shares) at Jun. 30, 2020			75,656
Ending balance at Jun. 30, 2020	932,971	898,227	$ 76	916,097	(111,573)	138,733	(45,106)	34,744
Beginning balance (in shares) at Dec. 31, 2020			75,666
Beginning balance at Dec. 31, 2020	1,017,253	983,949	$ 76	925,385	(96,182)	199,776	(45,106)	33,304
Changes in stockholders' equity
Dividends and dividend equivalents declared	(12,767)
Ending balance (in shares) at Mar. 31, 2021			75,847
Ending balance at Mar. 31, 2021	1,085,980	1,050,862	$ 76	926,809	(98,160)	271,967	(49,830)	35,118
Beginning balance (in shares) at Dec. 31, 2020			75,666
Beginning balance at Dec. 31, 2020	1,017,253	983,949	$ 76	925,385	(96,182)	199,776	(45,106)	33,304
Changes in stockholders' equity
Net income	169,732	166,043				166,043		3,689
Other comprehensive income (loss)	(63)	(63)			(63)
Share-based compensation	13,479	13,479		13,479
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note 11) (in shares)			189
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note 11)	(3,945)	(3,945)		(3,945)
Purchases of common stock (Note 10)	(9,107)	(9,107)					(9,107)
Share repurchase liability (Note 10)	0
Dividends and dividend equivalents declared	(25,535)	(25,535)				(25,535)
Dividends declared to noncontrolling interests	(111)							(111)
Redemption value adjustment (Note 1)	(1,651)	(1,651)				(1,651)
Ending balance (in shares) at Jun. 30, 2021			75,855
Ending balance at Jun. 30, 2021	1,160,052	1,123,170	$ 76	934,919	(96,245)	338,633	(54,213)	36,882
Beginning balance (in shares) at Mar. 31, 2021			75,847
Beginning balance at Mar. 31, 2021	1,085,980	1,050,862	$ 76	926,809	(98,160)	271,967	(49,830)	35,118
Changes in stockholders' equity
Net income	82,912	81,085				81,085		1,827
Other comprehensive income (loss)	1,915	1,915			1,915
Share-based compensation	8,110	8,110		8,110
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note 11) (in shares)			8
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note 11)	0
Purchases of common stock (Note 10)	(4,383)	(4,383)					(4,383)
Dividends and dividend equivalents declared	(12,768)	(12,768)				(12,768)
Dividends declared to noncontrolling interests	(63)							(63)
Redemption value adjustment (Note 1)	(1,651)	(1,651)				(1,651)
Ending balance (in shares) at Jun. 30, 2021			75,855
Ending balance at Jun. 30, 2021	$ 1,160,052	$ 1,123,170	$ 76	$ 934,919	$ (96,245)	$ 338,633	$ (54,213)	$ 36,882

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
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 (“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, 2021 are not necessarily indicative of results to be expected for the full year ending December 31, 2021, nor were those of the comparable 2020 period representative of those actually experienced for the full year ended December 31, 2020. 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, 2020 included in its Annual Report on Form 10-K filed with the SEC on February 25, 2021. Risks and Uncertainties In March 2020, the World Health Organization declared a pandemic related to the novel coronavirus (“COVID-19”), which led to government-ordered shutdowns of non-essential businesses, travel restrictions and restrictions on public gatherings. As restrictions were eased, the game of golf experienced a surge in rounds of play around the world, which resulted in increased demand for the Company's products. The Company quickly began to experience demand pressures across all brands and product categories, which challenged, and continue to challenge, our supply chain and our ability to service our trade partners and golfers. While government-ordered shutdowns and restrictions have eased in most regions and mass vaccination programs are underway, the emergence of virus variants and resurgences of positive cases has led to a return to tighter restrictions in some regions and could prompt tighter restrictions in other regions which could further disrupt the Company's supply chain. Although the Company has seen increased rounds of play and demand for golf-related products, over the course of the pandemic, this could change as mass vaccination programs continue to advance and restrictions are further eased on other activities. The Company has evaluated and continues to evaluate the potential impact of the COVID-19 pandemic on its consolidated financial statements. The impact of the COVID-19 pandemic continues to evolve, and both the full impact and duration of the COVID-19 pandemic remain highly uncertain. Accordingly, the Company's business, results of operations, financial position and cash flows could be materially impacted in ways that the Company cannot currently predict. 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 and liabilities and related disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company has also made estimates related to the impact of the COVID-19 pandemic within its unaudited condensed consolidated financial statements and there may be changes to those estimates in future periods. Actual results could differ from these 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, 2021 and December 31, 2020. 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 and Redeemable Noncontrolling Interest The ownership interests held by owners other than the Company in less than wholly-owned subsidiaries are classified as noncontrolling interests. The financial results and position of noncontrolling interests are included in the Company’s unaudited condensed consolidated financial statements. The value attributable to the noncontrolling interests is presented on the unaudited condensed consolidated balance sheets, 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. Redeemable noncontrolling interests are those noncontrolling interests which are or may become redeemable at a fixed or determinable price on a fixed or determinable date, at the option of the holder, or upon occurrence of an event. The Company initially recorded the redeemable noncontrolling interest at its acquisition date fair value. The carrying amount of the redeemable noncontrolling interest is subsequently adjusted to the greater amount of either the initial carrying amount, increased or decreased for the redeemable noncontrolling interest's share of net income (loss) or the redemption value, assuming the noncontrolling interest is redeemable at the balance sheet date. During the three and six months ended June 30, 2021, the Company recorded a $1.7 million redemption value adjustment. This adjustment was recognized through retained earnings and was not reflected in net income (loss) or comprehensive income (loss). The value attributable to the redeemable noncontrolling interest and the related loan to the minority shareholders, which is recorded as a reduction to redeemable noncontrolling interest, is presented in the unaudited condensed consolidated balance sheets as temporary equity between liabilities and shareholders’ equity. The amount of the loan to minority shareholders included in temporary equity on the unaudited condensed consolidated balance sheets was $4.4 million as of both June 30, 2021 and December 31, 2020. Cash, Cash Equivalents and Restricted Cash Cash held in Company checking accounts is included in cash. Cash equivalents consist of short-term highly liquid investments with original maturities of three months or less which are readily convertible into cash. The Company classifies as restricted certain cash that is not available for use in its operations. As of both June 30, 2021 and December 31, 2020, the amount of restricted cash included in cash, cash equivalents and restricted cash on the unaudited condensed consolidated balance sheets was $2.0 million. Foreign Currency Translation and Transactions Foreign currency transaction gains (losses) included in selling, general and administrative expense were losses of $0.2 million and gains of $2.6 million for the three months ended June 30, 2021 and 2020, respectively. Foreign currency transaction gains (losses) included in selling, general and administrative expense were losses of $1.2 million and gains of $1.6 million for the six months ended June 30, 2021 and 2020, respectively. Recently Adopted Accounting Standards Income Taxes On January 1, 2021, the Company adopted Accounting Standards Update ("ASU") 2019-12, "Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes" ("ASU 2019-12"). The amendments in this update simplified the accounting for income taxes by removing certain exceptions to general principles in Topic 740. The amendments also improved consistent application and simplified U.S. GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The adoption of this standard did not have a material impact on the consolidated financial statements.

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Accounts Receivable	Accounts Receivable The Company estimates expected credit losses using a number of factors, including customer credit ratings, age of receivables, historical credit loss information and current and forecasted economic conditions (including the impact of the COVID-19 pandemic) which could affect the collectability of the reported amounts. All of these factors have been considered in the estimate of expected credit losses. The activity related to the allowance for doubtful accounts for the periods presented was as follows: Three months ended June 30, Six months ended June 30, (in thousands) 2021 2020 2021 2020 Balance at beginning of period $ 7,077 $ 5,782 $ 7,698 $ 5,338 Bad debt expense (recovery) 143 1,792 (302) 2,708 Amount of receivables recovered (written off) 100 12 (44) (274) Foreign currency translation and other 14 157 (18) (29) Balance at end of period $ 7,334 $ 7,743 $ 7,334 $ 7,743

Inventories

Inventories	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories were as follows: June 30, December 31, (in thousands) 2021 2020 Raw materials and supplies $ 82,146 $ 74,302 Work-in-process 23,915 22,913 Finished goods 194,263 260,467 Inventories $ 300,324 $ 357,682

Product Warranty

Product Warranty	6 Months Ended
	Jun. 30, 2021
Product Warranties Disclosures [Abstract]
Product Warranty	Product Warranty The Company has defined warranties generally ranging from one 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) 2021 2020 2021 2020 Balance at beginning of period $ 3,899 $ 4,149 $ 3,831 $ 4,048 Provision 1,656 121 2,685 1,330 Claims paid/costs incurred (1,229) (786) (2,147) (1,730) Foreign currency translation and other 7 110 (36) (54) Balance at end of period $ 4,333 $ 3,594 $ 4,333 $ 3,594

Debt and Financing Arrangements

Debt and Financing Arrangements	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Debt and Financing Arrangements	Debt and Financing Arrangements Credit Facility The credit facility includes a revolving credit facility and a term loan facility. There were outstanding borrowings under the revolving credit facility of $21.5 million as of June 30, 2021. The weighted average interest rate applicable to these outstanding borrowings was 1.12% as of June 30, 2021. There were no outstanding borrowings under the revolving credit facility as of December 31, 2020. As of June 30, 2021, the Company had available borrowings under its revolving credit facility of $366.6 million after giving effect to $11.9 million of outstanding letters of credit. On July 3, 2020, the Company amended its credit agreement dated December 23, 2019 (the “First Amendment”) to, among other things, modify the maximum net average total leverage ratio, the interest rate margins, commitment fee and covenant baskets for each of the fiscal quarters ending after June 30, 2020 and on or before September 30, 2021 (the “Covenant Relief Period”). On March 5, 2021, the Company issued a notice exercising its right to an early termination of the Covenant Relief Period and as such is now required to comply with the previous maximum net average total leverage ratio, and the interest rate margins, commitment fee and covenant baskets reverted to the levels in effect prior to the First Amendment as discussed below. During the six months ended June 30, 2021, the Company recorded additional interest expense of approximately $0.7 million related to the acceleration of unamortized debt issuance costs in connection with terminating the Covenant Relief Period, none of which was recorded during the three months ended June 30, 2021. Borrowings under the credit facility bear interest at a rate per annum equal to, at the applicable Borrower’s option, either (a) a base rate determined by reference to the highest of (1) the prime rate of Wells Fargo, (2) the federal funds effective rate plus 0.50% and (3) a Eurodollar Rate, subject to certain adjustments, plus 1.00% or (b) a Eurodollar Rate (or, in the case of Canadian borrowings, a Canadian Dollar Offered Rate), subject to certain adjustments, in each case, plus an applicable margin. Under the credit agreement, the applicable margin is 0% to 0.75% for base rate borrowings and 1.00% to 1.75% for Eurodollar rate or Canadian Dollar Offered Rate borrowings, in each case, depending on the Net Average Total Leverage Ratio (as defined in the credit agreement). In addition, the Company is required to pay a commitment fee on any unutilized commitments under the revolving credit facility. The commitment fee rate payable in respect of unused portions of the revolving credit facility is 0.15% to 0.30% per annum, depending on the Net Average Total Leverage Ratio. The maximum net average total leverage ratio under the credit facility is 3.50 to 1.00, which is subject to increase to 3.75 to 1.00 in connection with certain acquisitions, and the minimum consolidated interest coverage ratio (as defined in the credit agreement) is 3.00 to 1.00. 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 also 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, 2021, the Company was in compliance with all covenants under the credit agreement. Other Short-Term Borrowings The Company has certain unsecured local credit facilities available through its subsidiaries. There were no outstanding borrowings under the Company's local credit facilities as of June 30, 2021. There were outstanding borrowings under the Company's local credit facilities of $2.8 million as of December 31, 2020. The weighted average interest rate applicable to the outstanding borrowings was 2.00% as of December 31, 2020. As of June 30, 2021, the Company had available borrowings remaining under these local credit facilities of $58.5 million. Letters of Credit

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial InstrumentsThe Company principally uses derivative financial instruments to reduce the impact of foreign currency fluctuations and interest rate variability on the Company's results of operations. 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 forward contracts are foreign exchange derivative instruments primarily used to reduce foreign currency risk related to transactions denominated in a currency other than functional currency. These instruments are designated as cash flow hedges. The periods of the foreign exchange forward contracts correspond to the periods of the hedged 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, 2021 and December 31, 2020 was $203.7 million and $248.1 million, respectively. As a result of the impact of the COVID-19 pandemic, during the six months ended June 30, 2020, the Company de-designated certain foreign exchange cash flow hedges deemed ineffective, none of which were outstanding as of June 30, 2021 or December 31, 2020. The Company also enters into foreign exchange forward contracts, which do not qualify as hedging instruments, to reduce foreign currency transaction risk related to certain intercompany assets and liabilities denominated in a currency other than functional currency. 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. There were no outstanding foreign exchange forward contracts not designated under hedge accounting as of June 30, 2021 and December 31, 2020. Interest Rate Derivative Instruments The Company enters into interest rate swap contracts to reduce interest rate risk related to floating rate debt. Under the contracts, the Company pays fixed and receives variable rate interest, in effect converting a portion of its floating rate debt to fixed rate debt. Interest rate swap contracts are accounted for as cash flow hedges. As of June 30, 2021, there were no interest rate swap contracts outstanding. As of December 31, 2020, the notional value of the Company's outstanding interest rate swap contracts was $140.0 million. 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 2021 2020 Prepaid and other assets Foreign exchange forward $ 3,720 $ 1,166 Other assets Foreign exchange forward 1,569 30 Accrued expenses and other liabilities Foreign exchange forward 2,332 6,400 Interest rate swap — 1,571 Other noncurrent liabilities Foreign exchange forward — 985 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) 2021 2020 2021 2020 Type of hedge Foreign exchange forward $ 676 $ (5,637) $ 5,052 $ 3,830 Interest rate swap 1 (157) (8) (2,222) Total $ 677 $ (5,794) $ 5,044 $ 1,608 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 hedged transaction impacts the statements of operations or at the time the hedge is determined to be ineffective. Based on the current valuation, during the next 12 months the Company expects to reclassify a net loss of $1.2 million related to foreign exchange derivative instruments from accumulated other comprehensive loss, net of tax, into cost of goods sold. 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) 2021 2020 2021 2020 Location of gain (loss) in statement of operations Foreign exchange forward: Cost of goods sold $ (1,910) $ 232 $ (1,514) $ 1,774 Selling, general and administrative (1)(2) (7) (2,063) 633 (529) Total $ (1,917) $ (1,831) $ (881) $ 1,245 Interest Rate Swap: Interest expense, net $ (610) $ (902) $ (1,569) $ (1,380) Total $ (610) $ (902) $ (1,569) $ (1,380) _______________________________________________________________________________ (1) Relates to net gains (losses) on foreign exchange forward contracts derived from previously designated cash flow hedges. (2) Selling, general and administrative expense excludes net losses of $0.2 million and net gains of $0.4 million reclassified out of accumulated other comprehensive loss, net of tax related to hedges deemed ineffective for the three and six months ended June 30, 2020, respectively. 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, as well as its own credit quality, and considers the risk of counterparty default to be minimal.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2021
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, 2021 were as follows: Fair Value Measurements as of June 30, 2021 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 5,188 $ — $ — Prepaid and other assets Foreign exchange derivative instruments — 3,720 — Prepaid and other assets Deferred compensation program assets 827 — — Other assets Foreign exchange derivative instruments — 1,569 — Other assets Total assets $ 6,015 $ 5,289 $ — Liabilities Foreign exchange derivative instruments $ — $ 2,332 $ — Accrued expenses and other liabilities Deferred compensation program liabilities 827 — — Other noncurrent liabilities Total liabilities $ 827 $ 2,332 $ — Assets and liabilities measured at fair value on a recurring basis as of December 31, 2020 were as follows: Fair Value Measurements as of December 31, 2020 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 5,160 $ — $ — Prepaid and other assets Foreign exchange derivative instruments — 1,166 — Prepaid and other assets Deferred compensation program assets 802 — — Other assets Foreign exchange derivative instruments — 30 — Other assets Total assets $ 5,962 $ 1,196 $ — Liabilities Foreign exchange derivative instruments $ — $ 6,400 $ — Accrued expenses and other liabilities Interest rate derivative instruments — 1,571 — Accrued expenses and other liabilities Deferred compensation program liabilities 802 — — Other noncurrent liabilities Foreign exchange derivative instruments — 985 — Other noncurrent liabilities Total liabilities $ 802 $ 8,956 $ — 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 foreign 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 interest rate swap contracts used to reduce interest rate risk related to the Company's floating rate debt (Note 6). Prior to maturing in May 2021, the valuation for the interest rate swap contracts was 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 were 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, 2021
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) 2021 2020 2021 2020 Components of net periodic benefit cost (income) Service cost $ 1,992 $ 2,462 $ 173 $ 129 Interest cost 2,194 2,538 76 104 Expected return on plan assets (2,399) (2,902) — — Settlement expense 118 3,850 — — Amortization of net loss (gain) 695 1,343 (95) (270) Amortization of prior service cost (credit) 70 69 (34) (34) Net periodic benefit cost (income) $ 2,670 $ 7,360 $ 120 $ (71) Components of net periodic benefit cost (income) were as follows: Pension Benefits Postretirement Benefits Six months ended June 30, (in thousands) 2021 2020 2021 2020 Components of net periodic benefit cost (income) Service cost $ 4,127 $ 4,778 $ 335 $ 300 Interest cost 4,145 5,050 151 216 Expected return on plan assets (4,946) (5,805) — — Settlement expense 1,537 3,850 — — Amortization of net loss (gain) 2,116 2,307 (160) (484) Amortization of prior service cost (credit) 141 139 (68) (68) Net periodic benefit cost (income) $ 7,120 $ 10,319 $ 258 $ (36) The non-service cost components of net periodic benefit cost (income) are included in other expense, net in the unaudited condensed consolidated statements of operations.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense increased by $25.2 million to $24.6 million for the three months ended June 30, 2021 compared to an income tax benefit of $0.6 million for the three months ended June 30, 2020. The Company’s effective tax rate ("ETR") was 22.9% for the three months ended June 30, 2021 compared to (19.0)% for the three months ended June 30, 2020. Income tax expense increased by $45.4 million to $52.4 million for the six months ended June 30, 2021 compared to $7.0 million for the six months ended June 30, 2020. The Company’s ETR was 23.7% for the six months ended June 30, 2021 compared to 35.6% for the six months ended June 30, 2020. The ETR for the three and six months ended June 30, 2021 differed from the U.S. statutory tax rate primarily due to the U.S. taxation of foreign income and the geographic mix of income earned by the Company's international subsidiaries, partially offset by the impact of the U.S. deduction for foreign derived intangible income and federal and state tax credits. The ETR for the three and six months ended June 30, 2020 differed from the U.S. statutory tax rate primarily due to the U.S. taxation of foreign income and the geographic mix of income earned by the Company's international subsidiaries, as well as a discrete tax benefit related to a reduction of foreign withholding taxes.

Common Stock

Common Stock	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Common Stock	Common Stock Dividends The Company declared dividends per common share, including DERs (Note 11), during the periods presented as follows: Dividends per Common Share Amount (in thousands) 2021: Second Quarter $ 0.165 $ 12,768 First Quarter 0.165 12,767 Total dividends declared in 2021 $ 0.330 $ 25,535 2020: Fourth Quarter $ 0.155 $ 11,983 Third Quarter 0.155 11,790 Second Quarter 0.155 11,761 First Quarter 0.155 11,735 Total dividends declared in 2020 $ 0.620 $ 47,269 During the third quarter of 2021, the Company's Board of Directors declared a dividend of $0.165 per share of common stock to shareholders of record as of September 3, 2021 and payable on September 17, 2021. Share Repurchase Program As of June 30, 2021, the Board of Directors had authorized the Company to repurchase up to an aggregate of $100.0 million of its issued and outstanding common stock. In April 2020, the Company temporarily suspended stock repurchases under its share repurchase program in light of the COVID-19 pandemic. In March 2021, the Company resumed share repurchases under its share repurchase program. Share repurchases may be effected from time to time 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 consistent with the Company's general working capital needs and within the constraints of the Company’s credit agreement. As previously disclosed, 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 Holdings Corp., to purchase from Magnus an equal amount of its common stock as it purchases on the open market, up to an aggregate of $24.9 million, at the same weighted average per share price. As the Company repurchased a cumulative total of $24.9 million of common stock through open market purchases, the determination date, as defined in the Magnus share repurchase agreement, was automatically triggered on March 18, 2021. As a result, on April 2, 2021, the Company repurchased from Magnus 355,341 shares of common stock for an aggregate of $11.1 million, in completion of the Company's previously discussed share repurchase obligations. In relation to the Magnus share repurchase agreement, the Company had recorded a share repurchase liability of $8.8 million for 299,894 shares of common stock to be repurchased from Magnus related to shares repurchased in the open market from the initial determination date up through the time that the Company temporarily suspended its share repurchase program, which was included in accrued expenses and other liabilities and treasury stock on the unaudited condensed consolidated balance sheet as of December 31, 2020. The Company's share repurchase activity was as follows: Three months ended June 30, Six months ended June 30, (in thousands, except share and per share amounts) 2021 2020 2021 2020 Shares repurchased in the open market: Shares repurchased 88,500 — 144,656 243,894 Average price $ 49.51 $ — $ 46.73 $ 28.60 Aggregate value $ 4,383 $ — $ 6,760 $ 6,976 Shares repurchased from Magnus: Shares repurchased 355,341 — 355,341 — Average price $ 31.31 $ — $ 31.31 $ — Aggregate value $ 11,125 $ — $ 11,125 $ — Total shares repurchased: Shares repurchased 443,841 — 499,997 243,894 Average price $ 34.94 $ — $ 35.77 $ 28.60 Aggregate value $ 15,508 $ — $ 17,885 $ 6,976

Equity Incentive Plans

Equity Incentive Plans	6 Months Ended
	Jun. 30, 2021
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, 2021, the only awards granted under the 2015 Plan were RSUs and PSUs. Restricted Stock and Performance Stock Units RSUs granted to members of the Board of Directors vest immediately into shares of common stock. RSUs granted to Company officers generally vest over three years, with one-third of each grant vesting annually, subject to the recipient's continued employment with the Company. RSUs granted to other employees, consultants and advisors of the Company vest in accordance with the terms of the grants, generally over three 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 the Company's performance against specified metrics which are generally over a three year performance period. At the end of the performance period, the number of shares of common stock that could be issued is determined based upon the Company's performance against these metrics. The number of shares that could be issued can range from 0% to 200% of the recipient's target award. 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. A summary of the Company’s RSUs and PSUs as of June 30, 2021 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, 2020 1,253,173 $ 24.33 457,576 $ 24.55 Granted 309,066 45.72 145,882 45.36 Vested (1) (380,097) 25.39 — — Forfeited (34,271) 25.53 (2,631) 25.45 Outstanding as of June 30, 2021 1,147,871 $ 29.70 600,827 $ 29.60 _______________________________________________________________________________ (1) Includes 120,178 shares of common stock related to RSUs and no shares of common stock related to PSUs that were not delivered as of June 30, 2021. 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, 2021 June 30, 2020 RSUs PSUs RSUs PSUs Shares of common stock issued 278,607 — 52,512 789 Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations (89,938) — (16,973) (269) Net shares of common stock issued 188,669 — 35,539 520 Cumulative undelivered shares of common stock 405,334 — 262,568 — Compensation expense recorded related to RSUs and PSUs in the unaudited condensed consolidated statements of operations was as follows: Three months ended Six months ended June 30, June 30, (in thousands) 2021 2020 2021 2020 RSUs $ 3,951 $ 3,787 $ 6,310 $ 6,265 PSUs 4,159 265 7,169 (190) During the three and six months ended June 30, 2020, the Company adjusted the estimate of its performance against metrics for certain PSUs downward, resulting in a reversal of previously recognized share-based compensation expense. During the three and six months ended June 30, 2021, based on updated forecast information, the Company increased the estimate of its performance against metrics for these PSUs and recognized additional cumulative share-based compensation expense in both periods. The remaining unrecognized compensation expense related to unvested RSUs and unvested PSUs was $20.1 million and $15.9 million, respectively, as of June 30, 2021 and both are expected to be recognized over the related weighted average period of 2.1 years. Compensation Expense The allocation of share-based compensation expense in the unaudited condensed consolidated statements of operations was as follows: Three months ended Six months ended June 30, June 30, (in thousands) 2021 2020 2021 2020 Cost of goods sold $ 259 $ 403 $ 252 $ 628 Selling, general and administrative 7,527 3,575 12,908 5,289 Research and development 491 238 650 486 Total compensation expense before income tax 8,277 4,216 13,810 6,403 Income tax benefit 1,845 849 3,112 1,312 Total compensation expense, net of income tax $ 6,432 $ 3,367 $ 10,698 $ 5,091

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss, Net of Tax	6 Months Ended
	Jun. 30, 2021
Equity [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, 2020 $ (43,906) $ (4,471) $ (1,179) $ (46,626) $ (96,182) Other comprehensive income (loss) before reclassifications (8,042) 5,052 (8) (210) (3,208) Amounts reclassified from accumulated other comprehensive loss, net of tax — 1,514 1,569 3,566 6,649 Tax expense — (2,199) (382) (923) (3,504) Balance as of June 30, 2021 $ (51,948) $ (104) $ — $ (44,193) $ (96,245)

Net Income per Common Share

Net Income per Common Share	6 Months Ended
	Jun. 30, 2021
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) 2021 2020 2021 2020 Net income attributable to Acushnet Holdings Corp. $ 81,085 $ 2,313 $ 166,043 $ 11,190 Weighted average number of common shares: Basic 74,661,356 74,252,981 74,719,450 74,394,967 Diluted 75,200,906 74,875,219 75,227,787 74,983,411 Net income per common share attributable to Acushnet Holdings Corp.: Basic $ 1.09 $ 0.03 $ 2.22 $ 0.15 Diluted $ 1.08 $ 0.03 $ 2.21 $ 0.15 Net income per common share attributable to Acushnet Holdings Corp. for the three and six months ended June 30, 2021 and 2020 was calculated using the treasury stock method. The Company’s potential dilutive securities for the three and six months ended June 30, 2021 and 2020 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, 2021 and 2020, 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, 2021 2020 2021 2020 RSUs — — 145,742 —

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2021
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, restructuring charges, 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, 2021 and 2020 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) 2021 2020 2021 2020 Net sales Titleist golf balls $ 202,265 $ 102,139 $ 375,902 $ 218,378 Titleist golf clubs 152,821 72,396 308,648 165,610 Titleist golf gear 64,975 32,369 118,095 75,894 FootJoy golf wear 164,636 68,336 324,070 198,723 Other 40,153 24,762 79,020 50,138 Total net sales $ 624,850 $ 300,002 $ 1,205,735 $ 708,743 Segment operating income (loss) Titleist golf balls $ 40,494 $ 10,048 $ 74,811 $ 13,291 Titleist golf clubs 29,379 (2,361) 71,178 2,142 Titleist golf gear 12,399 4,659 22,127 13,524 FootJoy golf wear 21,011 (1,855) 49,128 12,442 Other 6,548 2,667 13,019 3,747 Total segment operating income 109,831 13,158 230,263 45,146 Reconciling items: Interest expense, net (1,848) (4,402) (5,464) (8,525) Restructuring charges — (1,104) — (12,732) Non-service cost component of net periodic benefit cost (625) (4,698) (2,916) (5,205) Other (265) 201 (329) 1,086 Total income before income tax $ 107,093 $ 3,155 $ 221,554 $ 19,770 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) 2021 2020 2021 2020 United States $ 315,323 $ 145,230 $ 623,959 $ 356,238 EMEA (1) 97,374 34,126 177,949 108,797 Japan 45,588 22,142 101,965 59,698 Korea 96,954 65,889 176,051 116,338 Rest of world 69,611 32,615 125,811 67,672 Total net sales $ 624,850 $ 300,002 $ 1,205,735 $ 708,743 _______________________________________________________________________________ (1) Europe, the Middle East and Africa ("EMEA")

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Purchase Obligations During the normal course of its business, the Company enters into agreements to purchase goods and services, including purchase commitments for production materials, finished goods inventory, capital expenditures and endorsement arrangements with professional golfers. The Company's purchase obligations as of June 30, 2021 were as follows: Payments Due by Period Remainder of (in thousands) 2021 2022 2023 2024 2025 Thereafter Purchase obligations (1) $ 193,483 $ 25,139 $ 4,345 $ 2,565 $ 2,556 $ 1,284 _______________________________________________________________________________ (1) The reported amounts exclude those liabilities included on the unaudited condensed consolidated balance sheet as of June 30, 2021. Litigation

Restructuring Charges

Restructuring Charges	6 Months Ended
	Jun. 30, 2021
Restructuring and Related Activities [Abstract]
Restructuring Charges	Restructuring Charges During the first quarter of 2020, management approved a restructuring program to refine its business model and improve operational efficiencies, which included both a voluntary bridge to retirement ("VBR") program for certain eligible employees and involuntary headcount reductions ("Other"). The Company recorded cumulative severance and other benefits expense of $11.2 million related to its VBR program and $2.0 million related to its Other restructuring program. There are no further costs expected to be incurred in relation to these programs. The activity related to the Company’s restructuring programs was as follows: Six months ended June 30, 2021 (in thousands) VBR Other Balance at beginning of period $ 6,243 $ 778 Payments (4,127) (591) Foreign currency translation and other (19) (1) Balance at end of period $ 2,097 $ 186 The restructuring program liabilities recognized on the unaudited condensed consolidated balance sheets were as follows: (in thousands) June 30, December 31, Balance Sheet Location Restructuring Program 2021 2020 Accrued compensation and benefits VBR $ 2,097 $ 6,018 Other 186 778 Other noncurrent liabilities VBR — 225

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
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.
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 and liabilities and related disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company has also made estimates related to the impact of the COVID-19 pandemic within its unaudited condensed consolidated financial statements and there may be changes to those estimates in future periods. Actual results could differ from these 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, 2021 and December 31, 2020. 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 and Redeemable Noncontrolling Interest	Noncontrolling Interests and Redeemable Noncontrolling Interest The ownership interests held by owners other than the Company in less than wholly-owned subsidiaries are classified as noncontrolling interests. The financial results and position of noncontrolling interests are included in the Company’s unaudited condensed consolidated financial statements. The value attributable to the noncontrolling interests is presented on the unaudited condensed consolidated balance sheets, 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 Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted CashCash held in Company checking accounts is included in cash. Cash equivalents consist of short-term highly liquid investments with original maturities of three months or less which are readily convertible into cash. The Company classifies as restricted certain cash that is not available for use in its operations.
Foreign Currency Translation and Transactions	Foreign Currency Translation and Transactions Foreign currency transaction gains (losses) included in selling, general and administrative expense were losses of $0.2 million and gains of $2.6 million for the three months ended June 30, 2021 and 2020, respectively. Foreign currency transaction gains (losses) included in selling, general and administrative expense were losses of $1.2 million and gains of $1.6 million for the six months ended June 30, 2021 and 2020, respectively.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards Income Taxes On January 1, 2021, the Company adopted Accounting Standards Update ("ASU") 2019-12, "Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes" ("ASU 2019-12"). The amendments in this update simplified the accounting for income taxes by removing certain exceptions to general principles in Topic 740. The amendments also improved consistent application and simplified U.S. GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The adoption of this standard did not have a material impact on the consolidated financial statements.
Accounts Receivable	The Company estimates expected credit losses using a number of factors, including customer credit ratings, age of receivables, historical credit loss information and current and forecasted economic conditions (including the impact of the COVID-19 pandemic) which could affect the collectability of the reported amounts. All of these factors have been considered in the estimate of expected credit losses.

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Schedule of Activity Related to the Allowance for Doubtful Accounts	The activity related to the allowance for doubtful accounts for the periods presented was as follows: Three months ended June 30, Six months ended June 30, (in thousands) 2021 2020 2021 2020 Balance at beginning of period $ 7,077 $ 5,782 $ 7,698 $ 5,338 Bad debt expense (recovery) 143 1,792 (302) 2,708 Amount of receivables recovered (written off) 100 12 (44) (274) Foreign currency translation and other 14 157 (18) (29) Balance at end of period $ 7,334 $ 7,743 $ 7,334 $ 7,743

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
Schedule of Inventory	The components of inventories were as follows: June 30, December 31, (in thousands) 2021 2020 Raw materials and supplies $ 82,146 $ 74,302 Work-in-process 23,915 22,913 Finished goods 194,263 260,467 Inventories $ 300,324 $ 357,682

Product Warranty (Tables)

Product Warranty (Tables)	6 Months Ended
	Jun. 30, 2021
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) 2021 2020 2021 2020 Balance at beginning of period $ 3,899 $ 4,149 $ 3,831 $ 4,048 Provision 1,656 121 2,685 1,330 Claims paid/costs incurred (1,229) (786) (2,147) (1,730) Foreign currency translation and other 7 110 (36) (54) Balance at end of period $ 4,333 $ 3,594 $ 4,333 $ 3,594

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
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 2021 2020 Prepaid and other assets Foreign exchange forward $ 3,720 $ 1,166 Other assets Foreign exchange forward 1,569 30 Accrued expenses and other liabilities Foreign exchange forward 2,332 6,400 Interest rate swap — 1,571 Other noncurrent liabilities Foreign exchange forward — 985
Schedule of 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) 2021 2020 2021 2020 Type of hedge Foreign exchange forward $ 676 $ (5,637) $ 5,052 $ 3,830 Interest rate swap 1 (157) (8) (2,222) Total $ 677 $ (5,794) $ 5,044 $ 1,608
Schedule of 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) 2021 2020 2021 2020 Location of gain (loss) in statement of operations Foreign exchange forward: Cost of goods sold $ (1,910) $ 232 $ (1,514) $ 1,774 Selling, general and administrative (1)(2) (7) (2,063) 633 (529) Total $ (1,917) $ (1,831) $ (881) $ 1,245 Interest Rate Swap: Interest expense, net $ (610) $ (902) $ (1,569) $ (1,380) Total $ (610) $ (902) $ (1,569) $ (1,380) _______________________________________________________________________________ (1) Relates to net 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, 2021
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, 2021 were as follows: Fair Value Measurements as of June 30, 2021 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 5,188 $ — $ — Prepaid and other assets Foreign exchange derivative instruments — 3,720 — Prepaid and other assets Deferred compensation program assets 827 — — Other assets Foreign exchange derivative instruments — 1,569 — Other assets Total assets $ 6,015 $ 5,289 $ — Liabilities Foreign exchange derivative instruments $ — $ 2,332 $ — Accrued expenses and other liabilities Deferred compensation program liabilities 827 — — Other noncurrent liabilities Total liabilities $ 827 $ 2,332 $ — Assets and liabilities measured at fair value on a recurring basis as of December 31, 2020 were as follows: Fair Value Measurements as of December 31, 2020 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 5,160 $ — $ — Prepaid and other assets Foreign exchange derivative instruments — 1,166 — Prepaid and other assets Deferred compensation program assets 802 — — Other assets Foreign exchange derivative instruments — 30 — Other assets Total assets $ 5,962 $ 1,196 $ — Liabilities Foreign exchange derivative instruments $ — $ 6,400 $ — Accrued expenses and other liabilities Interest rate derivative instruments — 1,571 — Accrued expenses and other liabilities Deferred compensation program liabilities 802 — — Other noncurrent liabilities Foreign exchange derivative instruments — 985 — Other noncurrent liabilities Total liabilities $ 802 $ 8,956 $ —

Pension and Other Postretirem_2

Pension and Other Postretirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2021
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) 2021 2020 2021 2020 Components of net periodic benefit cost (income) Service cost $ 1,992 $ 2,462 $ 173 $ 129 Interest cost 2,194 2,538 76 104 Expected return on plan assets (2,399) (2,902) — — Settlement expense 118 3,850 — — Amortization of net loss (gain) 695 1,343 (95) (270) Amortization of prior service cost (credit) 70 69 (34) (34) Net periodic benefit cost (income) $ 2,670 $ 7,360 $ 120 $ (71) Components of net periodic benefit cost (income) were as follows: Pension Benefits Postretirement Benefits Six months ended June 30, (in thousands) 2021 2020 2021 2020 Components of net periodic benefit cost (income) Service cost $ 4,127 $ 4,778 $ 335 $ 300 Interest cost 4,145 5,050 151 216 Expected return on plan assets (4,946) (5,805) — — Settlement expense 1,537 3,850 — — Amortization of net loss (gain) 2,116 2,307 (160) (484) Amortization of prior service cost (credit) 141 139 (68) (68) Net periodic benefit cost (income) $ 7,120 $ 10,319 $ 258 $ (36)

Common Stock (Tables)

Common Stock (Tables)	6 Months Ended
	Jun. 30, 2021
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: Dividends per Common Share Amount (in thousands) 2021: Second Quarter $ 0.165 $ 12,768 First Quarter 0.165 12,767 Total dividends declared in 2021 $ 0.330 $ 25,535 2020: Fourth Quarter $ 0.155 $ 11,983 Third Quarter 0.155 11,790 Second Quarter 0.155 11,761 First Quarter 0.155 11,735 Total dividends declared in 2020 $ 0.620 $ 47,269
Schedule of Share Repurchase Activity	The Company's share repurchase activity was as follows: Three months ended June 30, Six months ended June 30, (in thousands, except share and per share amounts) 2021 2020 2021 2020 Shares repurchased in the open market: Shares repurchased 88,500 — 144,656 243,894 Average price $ 49.51 $ — $ 46.73 $ 28.60 Aggregate value $ 4,383 $ — $ 6,760 $ 6,976 Shares repurchased from Magnus: Shares repurchased 355,341 — 355,341 — Average price $ 31.31 $ — $ 31.31 $ — Aggregate value $ 11,125 $ — $ 11,125 $ — Total shares repurchased: Shares repurchased 443,841 — 499,997 243,894 Average price $ 34.94 $ — $ 35.77 $ 28.60 Aggregate value $ 15,508 $ — $ 17,885 $ 6,976

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Restricted and Performance Stock Units	A summary of the Company’s RSUs and PSUs as of June 30, 2021 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, 2020 1,253,173 $ 24.33 457,576 $ 24.55 Granted 309,066 45.72 145,882 45.36 Vested (1) (380,097) 25.39 — — Forfeited (34,271) 25.53 (2,631) 25.45 Outstanding as of June 30, 2021 1,147,871 $ 29.70 600,827 $ 29.60 _______________________________________________________________________________
Schedule 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, 2021 June 30, 2020 RSUs PSUs RSUs PSUs Shares of common stock issued 278,607 — 52,512 789 Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations (89,938) — (16,973) (269) Net shares of common stock issued 188,669 — 35,539 520 Cumulative undelivered shares of common stock 405,334 — 262,568 —
Schedule of Compensation Expense Recorded in the Consolidated Statement of Operations	Compensation expense recorded related to RSUs and PSUs in the unaudited condensed consolidated statements of operations was as follows: Three months ended Six months ended June 30, June 30, (in thousands) 2021 2020 2021 2020 RSUs $ 3,951 $ 3,787 $ 6,310 $ 6,265 PSUs 4,159 265 7,169 (190)
Schedule of Compensation Expense Related to Equity Incentive Plans	The allocation of share-based compensation expense in the unaudited condensed consolidated statements of operations was as follows: Three months ended Six months ended June 30, June 30, (in thousands) 2021 2020 2021 2020 Cost of goods sold $ 259 $ 403 $ 252 $ 628 Selling, general and administrative 7,527 3,575 12,908 5,289 Research and development 491 238 650 486 Total compensation expense before income tax 8,277 4,216 13,810 6,403 Income tax benefit 1,845 849 3,112 1,312 Total compensation expense, net of income tax $ 6,432 $ 3,367 $ 10,698 $ 5,091

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss, Net of Tax (Tables)	6 Months Ended
	Jun. 30, 2021
Equity [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, 2020 $ (43,906) $ (4,471) $ (1,179) $ (46,626) $ (96,182) Other comprehensive income (loss) before reclassifications (8,042) 5,052 (8) (210) (3,208) Amounts reclassified from accumulated other comprehensive loss, net of tax — 1,514 1,569 3,566 6,649 Tax expense — (2,199) (382) (923) (3,504) Balance as of June 30, 2021 $ (51,948) $ (104) $ — $ (44,193) $ (96,245)

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	6 Months Ended
	Jun. 30, 2021
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) 2021 2020 2021 2020 Net income attributable to Acushnet Holdings Corp. $ 81,085 $ 2,313 $ 166,043 $ 11,190 Weighted average number of common shares: Basic 74,661,356 74,252,981 74,719,450 74,394,967 Diluted 75,200,906 74,875,219 75,227,787 74,983,411 Net income per common share attributable to Acushnet Holdings Corp.: Basic $ 1.09 $ 0.03 $ 2.22 $ 0.15 Diluted $ 1.08 $ 0.03 $ 2.21 $ 0.15
Schedule of Securities Excluded From the Calculation of Diluted Weighted Average Common Shares	For the three and six months ended June 30, 2021 and 2020, 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, 2021 2020 2021 2020 RSUs — — 145,742 —

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2021
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) 2021 2020 2021 2020 Net sales Titleist golf balls $ 202,265 $ 102,139 $ 375,902 $ 218,378 Titleist golf clubs 152,821 72,396 308,648 165,610 Titleist golf gear 64,975 32,369 118,095 75,894 FootJoy golf wear 164,636 68,336 324,070 198,723 Other 40,153 24,762 79,020 50,138 Total net sales $ 624,850 $ 300,002 $ 1,205,735 $ 708,743 Segment operating income (loss) Titleist golf balls $ 40,494 $ 10,048 $ 74,811 $ 13,291 Titleist golf clubs 29,379 (2,361) 71,178 2,142 Titleist golf gear 12,399 4,659 22,127 13,524 FootJoy golf wear 21,011 (1,855) 49,128 12,442 Other 6,548 2,667 13,019 3,747 Total segment operating income 109,831 13,158 230,263 45,146 Reconciling items: Interest expense, net (1,848) (4,402) (5,464) (8,525) Restructuring charges — (1,104) — (12,732) Non-service cost component of net periodic benefit cost (625) (4,698) (2,916) (5,205) Other (265) 201 (329) 1,086 Total income before income tax $ 107,093 $ 3,155 $ 221,554 $ 19,770
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) 2021 2020 2021 2020 United States $ 315,323 $ 145,230 $ 623,959 $ 356,238 EMEA (1) 97,374 34,126 177,949 108,797 Japan 45,588 22,142 101,965 59,698 Korea 96,954 65,889 176,051 116,338 Rest of world 69,611 32,615 125,811 67,672 Total net sales $ 624,850 $ 300,002 $ 1,205,735 $ 708,743 _______________________________________________________________________________ (1) Europe, the Middle East and Africa ("EMEA")

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Purchase Obligations	The Company's purchase obligations as of June 30, 2021 were as follows: Payments Due by Period Remainder of (in thousands) 2021 2022 2023 2024 2025 Thereafter Purchase obligations (1) $ 193,483 $ 25,139 $ 4,345 $ 2,565 $ 2,556 $ 1,284 _______________________________________________________________________________ (1) The reported amounts exclude those liabilities included on the unaudited condensed consolidated balance sheet as of June 30, 2021.

Restructuring and Related Activ

Restructuring and Related Activities (Tables)	6 Months Ended
	Jun. 30, 2021
Restructuring and Related Activities [Abstract]
Schedule of Company's Restructuring Programs	The activity related to the Company’s restructuring programs was as follows: Six months ended June 30, 2021 (in thousands) VBR Other Balance at beginning of period $ 6,243 $ 778 Payments (4,127) (591) Foreign currency translation and other (19) (1) Balance at end of period $ 2,097 $ 186 The restructuring program liabilities recognized on the unaudited condensed consolidated balance sheets were as follows: (in thousands) June 30, December 31, Balance Sheet Location Restructuring Program 2021 2020 Accrued compensation and benefits VBR $ 2,097 $ 6,018 Other 186 778 Other noncurrent liabilities VBR — 225

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Variable Interest Entity [Line Items]
Redemption value adjustment	$ (1,651,000)		$ (1,651,000)
Loan to minority shareholders included in temporary equity	4,400,000		4,400,000		$ 4,400,000
Restricted cash	2,000,000		2,000,000		2,000,000
Transaction gains (losses) included in selling, general and administrative expense	(200,000)	$ 2,600,000	(1,200,000)	$ 1,600,000
Retained Earnings
Variable Interest Entity [Line Items]
Redemption value adjustment	(1,651,000)		$ (1,651,000)
VIE
Variable Interest Entity [Line Items]
Ownership percentage			40.00%
Outstanding borrowings	$ 0		$ 0		$ 0

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 7,077	$ 5,782	$ 7,698	$ 5,338
Bad debt expense (recovery)	143	1,792	(302)	2,708
Amount of receivables recovered	100	12
Amount of receivables written off			(44)	(274)
Foreign currency translation and other	14	157	(18)	(29)
Balance at end of period	$ 7,334	$ 7,743	$ 7,334	$ 7,743

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 82,146	$ 74,302
Work-in-process	23,915	22,913
Finished goods	194,263	260,467
Inventories	$ 300,324	$ 357,682

Product Warranty (Details)

Product Warranty (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Activity for accrued warranty expense
Balance at beginning of period	$ 3,899	$ 4,149	$ 3,831	$ 4,048
Provision	1,656	121	2,685	1,330
Claims paid/costs incurred	(1,229)	(786)	(2,147)	(1,730)
Foreign currency translation and other	7	110	(36)	(54)
Balance at end of period	$ 4,333	$ 3,594	$ 4,333	$ 3,594
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)	Jul. 03, 2020	Jun. 30, 2021USD ($)	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Unsecured local credit facilities
Line of Credit Facility [Line Items]
Weighted average interest rate				2.00%
Available borrowings		$ 58,500,000	$ 58,500,000
Other short-term borrowings, outstanding borrowings		0	0	$ 2,800,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Outstanding borrowings		$ 21,500,000	$ 21,500,000	0
Weighted average interest rate		1.12%	1.12%
Available borrowings		$ 366,600,000	$ 366,600,000
Letters of credit outstanding		11,900,000	11,900,000
Unamortized fees and expenses		0	700,000
Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Leverage ratio basis spread	0.15%
Revolving Credit Facility | Maximum
Line of Credit Facility [Line Items]
Leverage ratio basis spread	0.30%
Bridge Loan | Fed Funds Effective Rate Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Variable rate of interest	0.50%
Line of Credit
Line of Credit Facility [Line Items]
Secured leverage ratio	3.50
Increase in leverage ratio	3.75
Interest coverage ratio	3
Line of Credit | Minimum
Line of Credit Facility [Line Items]
Variable rate of interest	0.00%
Line of Credit | Maximum
Line of Credit Facility [Line Items]
Variable rate of interest	0.75%
Line of Credit | Canadian Dollar Offered Rate Cdor
Line of Credit Facility [Line Items]
Variable rate of interest	1.00%
Line of Credit | Canadian Dollar Offered Rate Cdor | Minimum
Line of Credit Facility [Line Items]
Leverage ratio basis spread	1.00%
Line of Credit | Canadian Dollar Offered Rate Cdor | Maximum
Line of Credit Facility [Line Items]
Leverage ratio basis spread	1.75%
Letters of Credit
Line of Credit Facility [Line Items]
Outstanding borrowings		15,600,000	15,600,000	11,700,000
Line of credit secured		12,400,000	12,400,000	$ 8,300,000
Maximum commitment		$ 57,500,000	$ 57,500,000

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities - Narrative (Details)	6 Months Ended
	Jun. 30, 2021USD ($)derivative	Dec. 31, 2020USD ($)derivative
Foreign exchange forward
Derivatives, Fair Value [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	$ (1,200,000)
Foreign exchange forward | Derivative designated as hedging
Derivatives, Fair Value [Line Items]
Notional amount	203,700,000	$ 248,100,000
Foreign exchange forward | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional amount of hedges deemed ineffective	$ 0	$ 0
Number of outstanding contracts | derivative	0	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	$ 0	$ 140,000,000

Derivative Financial Instrume_3

Derivative Financial Instruments - Fair Value of Hedge Instruments in Unaudited Condensed Consolidated Balance Sheets (Details) - Derivative Designated as Hedging - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Foreign exchange forward | Prepaid and other assets
Derivatives, Fair Value [Line Items]
Asset derivatives	$ 3,720	$ 1,166
Foreign exchange forward | Other assets
Derivatives, Fair Value [Line Items]
Asset derivatives	1,569	30
Foreign exchange forward | Accrued expenses and other liabilities
Derivatives, Fair Value [Line Items]
Liability derivatives	2,332	6,400
Foreign exchange forward | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Liability derivatives	0	985
Interest rate swap | Accrued expenses and other liabilities
Derivatives, Fair Value [Line Items]
Liability derivatives	$ 0	$ 1,571

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities - Effect of Hedge Instruments in Unaudited Condensed Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized holding gains (losses) arising during period	$ 677	$ (5,794)	$ 5,044	$ 1,608
Cash flow hedge | Derivative designated as hedging
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized holding gains (losses) arising during period	677	(5,794)	5,044	1,608
Foreign exchange forward | Cash flow hedge | Derivative designated as hedging
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized holding gains (losses) arising during period	676	(5,637)	5,052	3,830
Interest rate swap | Cash flow hedge | Derivative designated as hedging
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized holding gains (losses) arising during period	$ 1	$ (157)	$ (8)	$ (2,222)

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) reclassified out of accumulated other comprehensive loss, net of tax related to hedges deemed ineffective	$ (2,520)	$ (881)	$ (3,083)	$ 843
Derivative designated as hedging | Foreign exchange forward
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on unaudited condensed consolidated statements of operations	(1,917)	(1,831)	(881)	1,245
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	(1,910)	232	(1,514)	1,774
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	(7)	(2,063)	633	(529)
Net gain (loss) reclassified out of accumulated other comprehensive loss, net of tax related to hedges deemed ineffective		(200)		400
Derivative designated as hedging | Interest rate swap
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on unaudited condensed consolidated statements of operations	(610)	(902)	(1,569)	(1,380)
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	$ (610)	$ (902)	$ (1,569)	$ (1,380)

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Level 1
Assets
Total assets	$ 6,015	$ 5,962
Liabilities
Total liabilities	827	802
Level 2
Assets
Total assets	5,289	1,196
Liabilities
Total liabilities	2,332	8,956
Level 3
Assets
Total assets	0	0
Liabilities
Total liabilities	0	0
Prepaid and other assets | Level 1
Assets
Rabbi trust	5,188	5,160
Prepaid and other assets | Level 2
Assets
Rabbi trust	0	0
Prepaid and other assets | Level 3
Assets
Rabbi trust	0	0
Prepaid and other assets | Foreign exchange derivative instruments | Level 1
Assets
Derivative instruments	0	0
Prepaid and other assets | Foreign exchange derivative instruments | Level 2
Assets
Derivative instruments	3,720	1,166
Prepaid and other assets | Foreign exchange derivative instruments | Level 3
Assets
Derivative instruments	0	0
Other assets | Level 1
Assets
Deferred compensation program assets	827	802
Other assets | Level 2
Assets
Deferred compensation program assets	0	0
Other assets | Level 3
Assets
Deferred compensation program assets	0	0
Other assets | Foreign exchange derivative instruments | Level 1
Assets
Derivative instruments	0	0
Other assets | Foreign exchange derivative instruments | Level 2
Assets
Derivative instruments	1,569	30
Other assets | Foreign exchange derivative instruments | Level 3
Assets
Derivative instruments	0	0
Accrued expenses and other liabilities | Foreign exchange derivative instruments | Level 1
Liabilities
Derivative instruments	0	0
Accrued expenses and other liabilities | Foreign exchange derivative instruments | Level 2
Liabilities
Derivative instruments	2,332	6,400
Accrued expenses and other liabilities | Foreign exchange derivative instruments | Level 3
Liabilities
Derivative instruments	0	0
Accrued expenses and other liabilities | Interest rate derivative instruments | Level 1
Liabilities
Derivative instruments		0
Accrued expenses and other liabilities | Interest rate derivative instruments | Level 2
Liabilities
Derivative instruments		1,571
Accrued expenses and other liabilities | Interest rate derivative instruments | Level 3
Liabilities
Derivative instruments		0
Other noncurrent liabilities | Level 1
Liabilities
Deferred compensation program liabilities	827	802
Other noncurrent liabilities | Level 2
Liabilities
Deferred compensation program liabilities	0	0
Other noncurrent liabilities | Level 3
Liabilities
Deferred compensation program liabilities	$ 0	0
Other noncurrent liabilities | Foreign exchange derivative instruments | Level 1
Liabilities
Derivative instruments		0
Other noncurrent liabilities | Foreign exchange derivative instruments | Level 2
Liabilities
Derivative instruments		985
Other noncurrent liabilities | Foreign exchange derivative instruments | Level 3
Liabilities
Derivative instruments		$ 0

Pension and Other Postretirem_3

Pension and Other Postretirement Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Pension Benefits
Components of net periodic benefit cost (income)
Service cost	$ 1,992	$ 2,462	$ 4,127	$ 4,778
Interest cost	2,194	2,538	4,145	5,050
Expected return on plan assets	(2,399)	(2,902)	(4,946)	(5,805)
Settlement expense	118	3,850	1,537	3,850
Amortization of net loss (gain)	695	1,343	2,116	2,307
Amortization of prior service cost (credit)	70	69	141	139
Net periodic benefit cost (income)	2,670	7,360	7,120	10,319
Postretirement Benefits
Components of net periodic benefit cost (income)
Service cost	173	129	335	300
Interest cost	76	104	151	216
Expected return on plan assets	0	0	0	0
Settlement expense	0	0	0	0
Amortization of net loss (gain)	(95)	(270)	(160)	(484)
Amortization of prior service cost (credit)	(34)	(34)	(68)	(68)
Net periodic benefit cost (income)	$ 120	$ (71)	$ 258	$ (36)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Increase (decrease) in income tax expense	$ 25,200		$ 45,400
Income tax expense (benefit)	$ 24,573	$ (598)	$ 52,407	$ 7,042
Effective tax rate	22.90%	(19.00%)	23.70%	35.60%

Common Stock - Dividends (Detai

Common Stock - Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						6 Months Ended		12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Aug. 05, 2021
Dividends Payable [Line Items]
Dividends per Common Share (in dollars per share)	$ 0.165	$ 0.165	$ 0.155	$ 0.155	$ 0.155	$ 0.155	$ 0.330		$ 0.620
Amount	$ 12,768	$ 12,767	$ 11,983	$ 11,790	$ 11,761	$ 11,735	$ 25,535	$ 23,496	$ 47,269
Subsequent Event
Dividends Payable [Line Items]
Dividends declared and payable (in dollars per share)										$ 0.165

Common Stock - Share Repurchase

Common Stock - Share Repurchase Program (Details) - USD ($)	Apr. 02, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Dividends Payable [Line Items]
Issued and outstanding common stock authorized to repurchase		$ 100,000,000		$ 100,000,000
Shares repurchased (in shares)		443,841	0	499,997	243,894
Aggregate value		$ 15,508,000	$ 0	$ 17,885,000	$ 6,976,000
Accrued share repurchase (in shares)						299,894
Amount remaining under current authorizations		45,800,000		45,800,000
Magnus
Dividends Payable [Line Items]
Stock repurchase program, authorized amount		24,900,000		24,900,000
Aggregate purchases of shares in open market before shares will be purchased from Magnus		$ 24,900,000		$ 24,900,000
Shares repurchased (in shares)	355,341
Aggregate value	$ 11,100,000
Share repurchase liability						$ 8,800,000
Accrued share repurchase (in shares)						299,894

Common Stock - Schedule of Shar

Common Stock - Schedule of Share Repurchase Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Dividends Payable [Line Items]
Shares repurchased (in shares)	443,841	0	499,997	243,894
Average price (in dollars per share)	$ 34.94	$ 0	$ 35.77	$ 28.60
Aggregate value	$ 15,508	$ 0	$ 17,885	$ 6,976
Open Market
Dividends Payable [Line Items]
Shares repurchased (in shares)	88,500	0	144,656	243,894
Average price (in dollars per share)	$ 49.51	$ 0	$ 46.73	$ 28.60
Aggregate value	$ 4,383	$ 0	$ 6,760	$ 6,976
Magnus
Dividends Payable [Line Items]
Shares repurchased (in shares)	355,341	0	355,341	0
Average price (in dollars per share)	$ 31.31	$ 0	$ 31.31	$ 0
Aggregate value	$ 11,125	$ 0	$ 11,125	$ 0

Equity Incentive Plans - Narrat

Equity Incentive Plans - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 20.1
Weighted average period	2 years 1 month 6 days
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Unrecognized compensation expense	$ 15.9
Minimum | PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	0.00%
Maximum | PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	200.00%
Company officers | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Vesting percentage	33.33%
Officers, employees, consultants and advisors | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years

Equity Incentive Plans - Restri

Equity Incentive Plans - Restricted Stock and Performance Stock Units (Details) - 2015 Omnibus Incentive Plan	6 Months Ended
	Jun. 30, 2021$ / sharesshares
RSUs
Number of Units
Outstanding at beginning of the period (in shares)	1,253,173
Granted (in shares)	309,066
Vested (in shares)	(380,097)
Forfeited (in shares)	(34,271)
Outstanding at end of the period (in shares)	1,147,871
Weighted - Average Fair Value
Outstanding at beginning of the period (in dollars per share) | $ / shares	$ 24.33
Granted (in dollars per share) | $ / shares	45.72
Vested (in dollars per share) | $ / shares	25.39
Forfeited (in dollars per share) | $ / shares	25.53
Outstanding at end of the period (in dollars per share) | $ / shares	$ 29.70
Undelivered (in shares)	120,178
PSUs
Number of Units
Outstanding at beginning of the period (in shares)	457,576
Granted (in shares)	145,882
Vested (in shares)	0
Forfeited (in shares)	(2,631)
Outstanding at end of the period (in shares)	600,827
Weighted - Average Fair Value
Outstanding at beginning of the period (in dollars per share) | $ / shares	$ 24.55
Granted (in dollars per share) | $ / shares	45.36
Vested (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	25.45
Outstanding at end of the period (in dollars per share) | $ / shares	$ 29.60
Undelivered (in shares)	0

Equity Incentive Plans - Summar

Equity Incentive Plans - Summary of Shares of Common Stock Issued (Details) - 2015 Omnibus Incentive Plan - shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
RSUs
Class of Stock [Line Items]
Cumulative undelivered shares of common stock (in shares)	120,178
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)	278,607	52,512
Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations (in shares)	(89,938)	(16,973)
Net shares of common stock issued (in shares)	188,669	35,539
Cumulative undelivered shares of common stock (in shares)	405,334	262,568
Common Stock | PSUs
Class of Stock [Line Items]
Shares of common stock issued (in shares)	0	789
Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations (in shares)	0	(269)
Net shares of common stock issued (in shares)	0	520
Cumulative undelivered shares of common stock (in shares)	0	0

Equity Incentive Plans - Compen

Equity Incentive Plans - Compensation Expense Recorded in the Consolidated Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Compensation expense	$ 8,277	$ 4,216	$ 13,810	$ 6,403
RSUs
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Compensation expense	3,951	3,787	6,310	6,265
PSUs
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Compensation expense	$ 4,159	$ 265	$ 7,169	$ (190)

Equity Incentive Plans - Alloca

Equity Incentive Plans - Allocation of Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense before income tax	$ 8,277	$ 4,216	$ 13,810	$ 6,403
Income tax benefit	1,845	849	3,112	1,312
Total compensation expense, net of income tax	6,432	3,367	10,698	5,091
Cost of goods sold
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense before income tax	259	403	252	628
Selling, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense before income tax	7,527	3,575	12,908	5,289
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense before income tax	$ 491	$ 238	$ 650	$ 486

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss, Net of Tax (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 1,017,253
Other comprehensive income (loss) before reclassifications	(3,208)
Amounts reclassified from accumulated other comprehensive loss, net of tax	6,649
Tax expense	(3,504)
Ending balance	1,160,052
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(43,906)
Other comprehensive income (loss) before reclassifications	(8,042)
Amounts reclassified from accumulated other comprehensive loss, net of tax	0
Tax expense	0
Ending balance	(51,948)
Gains (Losses) on Derivative Instruments | Foreign Exchange Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(4,471)
Other comprehensive income (loss) before reclassifications	5,052
Amounts reclassified from accumulated other comprehensive loss, net of tax	1,514
Tax expense	(2,199)
Ending balance	(104)
Gains (Losses) on Derivative Instruments | Interest Rate Swap Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1,179)
Other comprehensive income (loss) before reclassifications	(8)
Amounts reclassified from accumulated other comprehensive loss, net of tax	1,569
Tax expense	(382)
Ending balance	0
Pension and Other Postretirement Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(46,626)
Other comprehensive income (loss) before reclassifications	(210)
Amounts reclassified from accumulated other comprehensive loss, net of tax	3,566
Tax expense	(923)
Ending balance	(44,193)
Accumulated Other Comprehensive Loss, Net of Tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(96,182)
Ending balance	$ (96,245)

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Net income attributable to Acushnet Holdings Corp.	$ 81,085	$ 2,313	$ 166,043	$ 11,190
Weighted average number of common shares:
Basic (in shares)	74,661,356	74,252,981	74,719,450	74,394,967
Diluted (in shares)	75,200,906	74,875,219	75,227,787	74,983,411
Net income per common share attributable to Acushnet Holdings Corp.:
Basic (in dollars per share)	$ 1.09	$ 0.03	$ 2.22	$ 0.15
Diluted (in dollars per share)	$ 1.08	$ 0.03	$ 2.21	$ 0.15

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
RSUs
Securities excluded from calculation of diluted weighted-average common shares outstanding as their impact was anti-dilutive (in shares)	0	0	145,742	0

Segment Information - Reconcili

Segment Information - Reconciliation (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)segment	Jun. 30, 2020USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			4
Segment Reporting Information [Line Items]
Total net sales	$ 624,850	$ 300,002	$ 1,205,735	$ 708,743
Segment operating income (loss)	109,180	11,731	229,249	33,159
Reconciling items:
Interest expense, net	(1,848)	(4,402)	(5,464)	(8,525)
Restructuring charges	0	(1,104)	0	(12,732)
Income before income taxes	107,093	3,155	221,554	19,770
Other
Segment Reporting Information [Line Items]
Total net sales	40,153	24,762	79,020	50,138
Segment operating income (loss)	6,548	2,667	13,019	3,747
Operating segments and other
Segment Reporting Information [Line Items]
Segment operating income (loss)	109,831	13,158	230,263	45,146
Reconciling Items
Reconciling items:
Interest expense, net	(1,848)	(4,402)	(5,464)	(8,525)
Restructuring charges	0	(1,104)	0	(12,732)
Non-service cost component of net periodic benefit cost	(625)	(4,698)	(2,916)	(5,205)
Other	(265)	201	(329)	1,086
Titleist golf balls | Operating segments
Segment Reporting Information [Line Items]
Total net sales	202,265	102,139	375,902	218,378
Segment operating income (loss)	40,494	10,048	74,811	13,291
Titleist golf clubs | Operating segments
Segment Reporting Information [Line Items]
Total net sales	152,821	72,396	308,648	165,610
Segment operating income (loss)	29,379	(2,361)	71,178	2,142
Titleist golf gear | Operating segments
Segment Reporting Information [Line Items]
Total net sales	64,975	32,369	118,095	75,894
Segment operating income (loss)	12,399	4,659	22,127	13,524
FootJoy golf wear | Operating segments
Segment Reporting Information [Line Items]
Total net sales	164,636	68,336	324,070	198,723
Segment operating income (loss)	$ 21,011	$ (1,855)	$ 49,128	$ 12,442

Segment Information - Geographi

Segment Information - Geographical Areas (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	$ 624,850	$ 300,002	$ 1,205,735	$ 708,743
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	315,323	145,230	623,959	356,238
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	97,374	34,126	177,949	108,797
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	45,588	22,142	101,965	59,698
Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	96,954	65,889	176,051	116,338
Rest of world
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	$ 69,611	$ 32,615	$ 125,811	$ 67,672

Commitments and Contingencies -

Commitments and Contingencies - Purchase Commitments (Details) $ in Thousands	Jun. 30, 2021USD ($)
Payments Due by Period
Remainder of 2021	$ 193,483
2022	25,139
2023	4,345
2024	2,565
2025	2,556
Thereafter	$ 1,284

Restructuring Charges - Additio

Restructuring Charges - Additional Information (Details) - USD ($)	Jun. 30, 2021	Mar. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs expected	$ 0
VBR
Restructuring Cost and Reserve [Line Items]
Restructuring costs incurred to date		$ 11,200,000
Other restructuring program
Restructuring Cost and Reserve [Line Items]
Restructuring costs incurred to date		$ 2,000,000

Restructuring Charges - Schedul

Restructuring Charges - Schedule of Company's Restructuring Program Rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
VBR
Restructuring Reserve [Roll Forward]
Balance at beginning of period	$ 6,243
Payments	(4,127)
Foreign currency translation and other	(19)
Balance at end of period	2,097
Other
Restructuring Reserve [Roll Forward]
Balance at beginning of period	778
Payments	(591)
Foreign currency translation and other	(1)
Balance at end of period	$ 186

Restructuring Charges - Restruc

Restructuring Charges - Restructuring Liabilities Recognized on Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
VBR | Accrued compensation and benefits
Restructuring Cost and Reserve [Line Items]
Accrued compensation and benefits	$ 2,097	$ 6,018
VBR | Other noncurrent liabilities
Restructuring Cost and Reserve [Line Items]
Other noncurrent liabilities	0	225
Other | Accrued compensation and benefits
Restructuring Cost and Reserve [Line Items]
Accrued compensation and benefits	$ 186	$ 778