XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net revenues:        
Total net revenues $ 913,641 $ 296,996 $ 1,565,262 $ 739,272
Costs and expenses:        
Other venue expenses 202,339 0 267,776 0
Selling, general and administrative expenses 221,124 115,215 395,004 256,969
Research and development expense 20,271 10,020 33,016 23,260
Goodwill and trade name impairment 0 174,269 0 174,269
Venue pre-opening costs 4,844 0 6,689 0
Total costs and expenses 806,372 474,445 1,381,894 876,041
Income (loss) from operations 107,269 (177,449) 183,368 (136,769)
Interest income 188 119 242 218
Interest expense (29,064) (12,282) (46,575) (21,496)
Gain on Topgolf investment 0 0 252,531 0
Other income (expense), net (2,502) 13,997 6,529 20,477
Income (loss) before income taxes 75,891 (175,615) 396,095 (137,570)
Income tax (benefit) provision (15,853) (7,931) 31,890 1,220
Net income (loss) $ 91,744 $ (167,684) $ 364,205 $ (138,790)
Earnings (loss) per common share:        
Basic (usd per share) $ 0.50 $ (1.78) $ 2.40 $ (1.47)
Diluted (usd per share) $ 0.47 $ (1.78) $ 2.28 $ (1.47)
Weighted-average common shares outstanding:        
Basic (in shares) 185,225 94,141 151,541 94,225
Diluted (in shares) 194,334 94,141 159,639 94,225
Products        
Net revenues:        
Total net revenues $ 591,410 $ 296,996 $ 1,151,368 $ 739,272
Cost of products 315,008 174,941 625,638 421,543
Services        
Net revenues:        
Total net revenues 322,231 0 413,894 0
Costs and expenses:        
Cost of products and services, excluding depreciation and amortization $ 42,786 $ 0 $ 53,771 $ 0