XML 18 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 352,221 $ 366,119
Restricted cash 1,164 0
Accounts receivable, net 105,331 138,482
Inventories 533,457 352,544
Prepaid expenses 54,248 20,318
Other current assets 119,332 35,164
Total current assets 1,165,753 912,627
Property, plant and equipment, net 1,451,402 146,495
Operating lease right-of-use assets, net 1,384,501 194,776
Intangible assets, net 1,528,638 484,339
Goodwill 1,960,070 56,658
Investments in golf-related ventures 39,250 111,442
Other assets 218,166 74,263
Total assets 7,747,780 1,980,600
Current liabilities:    
Accounts payable and accrued expenses 491,176 276,209
Accrued employee compensation and benefits 128,867 30,937
Asset-based credit facilities 9,096 22,130
Operating lease liabilities, short-term 72,326 29,579
Construction advances 22,943 0
Deferred revenue 93,873 2,546
Other current liabilities 47,744 29,871
Total current liabilities 866,025 391,272
Long-term liabilities:    
Long-term debt, net (Note 7) 1,025,278 650,564
Operating lease liabilities, long-term 1,385,364 177,996
Deemed landlord financing, long-term 132,461 447
Deferred taxes, net 163,591 58,628
Other long-term liabilities 163,986 26,496
Shareholders’ equity:    
Preferred stock, $0.01 par value, 3,000,000 shares authorized, none issued and outstanding at December 31, 2021 and 2020 0 0
Common stock, $0.01 par value, 360,000,000 shares authorized, 186,171,615 and 95,648,648 shares issued and outstanding at December 31, 2021 and 2020, respectively 1,862 956
Additional paid-in capital 3,051,604 346,945
Retained earnings 682,165 360,228
Accumulated other comprehensive loss (27,343) (6,546)
Less: Common stock held in treasury, at cost, 959,709 and 1,446,408 shares at December 31, 2021 and 2020, respectively (25,386) (25,939)
Total shareholders’ equity 3,682,902 675,644
Total liabilities and shareholders’ equity 7,747,780 1,980,600
Deemed Landlord Finance Lease    
Long-term liabilities:    
Deemed landlord financing, long-term $ 460,634 $ 0