Acushnet Holdings Corp. (GOLF) [Rocket]

In millions, except per share items	Jun-30-23	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20
	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K
Net sales	689.4	658.6	606.1	420.6	521.6	624.9	580.9	420.5
Net sales growth	4.7%	5.4%	4.3%	0.0%	8.0%	108.3%	42.1%	14.2%
Cost of goods sold	320.8	315.0	289.1	216.1	252.8	290.4	270.1	200.1
Gross profit	368.5	343.6	317.0	204.4	268.8	334.4	310.7	220.4
Gross margin	53.5%	52.2%	52.3%	48.6%	51.5%	53.5%	53.5%	52.4%

Operating expenses:
Selling, general and administrative	242.0	239.2	195.7	209.0	199.8	210.3	176.4	173.6
Research and development	16.5	13.9	14.0	15.4	14.6	13.0	12.3	14.0
Intangible amortization	3.5	2.0	2.0	2.0	2.0	2.0	2.0	5.8
Income from operations	106.5	88.5	105.4	-21.9	52.5	109.2	120.1	27.1
Operating margin	15.4%	13.4%	17.4%	-5.2%	10.1%	17.5%	20.7%	6.4%
Interest expense, net	10.9	2.1	1.3	1.1	1.1	1.8	3.6	3.3
Other expense, net	0.4	2.1	1.3	-7.5	0.9	0.2	2.0	-24.8
Income before income taxes	95.1	84.3	102.8	-24.1	50.4	107.1	114.5	15.1
Income tax expense	20.7	16.1	20.9	0.7	10.5	24.6	27.8	-8.1
Net income	74.4	68.2	81.8	-24.8	39.9	82.5	86.6	23.2
Less: Net loss (income) attributable to noncontrolling interests	0.3	-1.8	-0.8	-1.6	-0.7	-1.4	-1.7	-1.6
Net income attributable to Acushnet Holdings Corp.	74.7	66.5	81.0	-26.4	39.3	81.1	85.0	21.6

Net income per common share attributable to Acushnet Holdings Corp.:
Basic (in dollars per share)	$1.09	$0.91	$1.10	($0.35)	$0.53	$1.09	$1.14	$0.29
Diluted (in dollars per share)	$1.09	$0.91	$1.10	($0.35)	$0.52	$1.08	$1.13	$0.29

Weighted average number of common shares:
Basic (in shares)	68.3	72.9	73.5	74.5	74.5	74.7	74.8	74.5
Diluted (in shares)	68.6	73.4	73.9	75.3	75.3	75.2	75.3	75.1