Acushnet Holdings Corp
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
GOLF$84.61+4.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year ended December 31, | |||
|---|---|---|---|
| (in thousands, except share and per share amounts) | 2023 | 2022 | 2021 |
| Net sales | $2,381,995 | $2,270,336 | $2,147,930 |
| Cost of goods sold | 1,129,484 | 1,091,103 | 1,029,493 |
| Gross profit | 1,252,511 | 1,179,233 | 1,118,437 |
| Operating expenses: | |||
| Selling, general and administrative | 888,145 | 833,422 | 795,422 |
| Research and development | 64,839 | 56,393 | 55,335 |
| Intangible amortization | 14,222 | 7,885 | 7,868 |
| Income from operations | 285,305 | 281,533 | 259,812 |
| Interest expense, net (Note 19) | 41,288 | 13,269 | 7,709 |
| Other expense, net | 2,417 | 8,829 | 4,280 |
| Income before income taxes | 241,600 | 259,435 | 247,823 |
| Income tax expense | 42,993 | 54,351 | 63,583 |
| Net income | 198,607 | 205,084 | 184,240 |
| Less: Net income attributable to noncontrolling interests | (178) | (5,806) | (5,367) |
| Net income attributable to Acushnet Holdings Corp. | $198,429 | $199,278 | $178,873 |
| Net income per common share attributable to Acushnet Holdings Corp.: | |||
| Basic | $2.96 | $2.77 | $2.40 |
| Diluted | 2.94 | 2.75 | 2.38 |
| Weighted average number of common shares: | |||
| Basic | 67,063,933 | 71,958,879 | 74,536,637 |
| Diluted | 67,517,105 | 72,560,098 | 75,265,074 |
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