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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands, shares in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net revenues:        
Total net revenues $ 1,115,700 $ 913,600 $ 2,155,900 $ 1,565,200
Costs and expenses:        
Other venue expense 262,200 202,300 492,600 267,700
Selling, general and administrative expense 252,600 221,100 495,700 395,000
Research and development expense 18,700 20,300 36,200 33,000
Venue pre-opening costs 4,100 4,800 8,200 6,700
Total costs and expenses 986,700 806,300 1,932,600 1,381,800
Income from operations 129,000 107,300 223,300 183,400
Interest expense, net (32,500) (28,900) (63,900) (46,300)
Gain on Topgolf investment 0 0 0 252,500
Other income/(expense), net 11,800 (2,500) 19,900 6,500
Income before income taxes 108,300 75,900 179,300 396,100
Income tax provision/(benefit) 2,900 (15,800) (12,800) 31,900
Net income $ 105,400 $ 91,700 $ 192,100 $ 364,200
Earnings per common share:        
Basic (in dollars per share) $ 0.57 $ 0.50 $ 1.04 $ 2.40
Diluted (in dollars per share) $ 0.53 $ 0.47 $ 0.97 $ 2.28
Weighted-average common shares outstanding:        
Basic (in shares) 184.7 185.2 184.9 151.5
Diluted (in shares) 200.6 194.3 200.7 159.6
Products        
Net revenues:        
Total net revenues $ 716,600 $ 591,400 $ 1,439,000 $ 1,151,300
Costs and expenses:        
Cost of products 400,000 315,000 811,800 625,600
Services        
Net revenues:        
Total net revenues 399,100 322,200 716,900 413,900
Costs and expenses:        
Cost of services, excluding depreciation and amortization $ 49,100 $ 42,800 $ 88,100 $ 53,800