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		2,206.9	2,173.1	2,147.9	2,147.9	2,109.2	1,784.3	1,612.2
Net sales growth		4.6%	21.8%	33.2%	37.7%	41.2%	7.7%	-4.1%
Cost of goods sold		1,073.0	1,048.4	1,029.5	1,013.5	991.6	844.7	782.3
Gross profit		1,133.9	1,124.7	1,118.4	1,134.4	1,117.6	939.6	829.8
Gross margin		51.4%	51.8%	52.1%	52.8%	53.0%	52.7%	51.5%

Operating expenses:
Selling, general and administrative		843.7	814.7	795.4	760.0	714.0	634.2	610.6
Research and development		57.9	57.0	55.3	53.9	49.9	48.1	48.9
Intangible amortization		7.8	7.9	7.9	11.7	11.7	11.6	11.6
Income from operations		224.5	245.1	259.8	308.8	341.5	244.1	145.5
Operating margin		10.2%	11.3%	12.1%	14.4%	16.2%	13.7%	9.0%
Interest expense, net		5.6	5.4	7.7	9.9	12.6	15.1	15.6
Other expense, net		-3.0	-4.9	-4.3	-21.7	-19.4	-15.5	-16.8
Income before income taxes		213.3	236.1	247.8	287.0	314.8	207.7	93.3
Income tax expense		48.2	56.7	63.6	54.7	58.4	33.2	13.0
Net income		165.2	179.5	184.2	232.3	256.4	177.7	100.0
Less: Net loss (income) attributable to noncontrolling interests		-4.9	-4.5	-5.4	-5.4	-5.6	-5.6	-4.0
Net income attributable to Acushnet Holdings Corp.		160.3	175.0	178.9	226.9	250.9	172.1	96.0

Net income per common share attributable to Acushnet Holdings Corp.:
Basic (in dollars per share)		$2.19	$2.37	$2.41	$3.05	$3.37	$2.31	$1.29
Diluted (in dollars per share)		$2.18	$2.35	$2.38	$3.02	$3.34	$2.29	$1.28

Weighted average number of common shares:
Basic (in shares)		73.9	74.3	74.6	74.6	74.6	74.5	74.4
Diluted (in shares)		74.5	74.9	75.3	75.2	75.1	75.1	75.0