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Earnings per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
Summary of Computation of Basic and Diluted Earnings Per Share | The following table summarizes the computation of basic and diluted earnings per share (in thousands, except per share data):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Earnings per common share—basic |  |  |  |  |  |  |
Net income (loss) | $ | (15,991) |  |  | $ | 52,432 |  |  | $ | 348,214 |  |  | $ | (86,358) |
Weighted-average common shares outstanding—basic(1) | 185,963 |  |  | 94,171 |  |  | 163,141 |  |  | 94,207 |
Basic earnings (loss) per common share | $ | (0.09) |  |  | $ | 0.56 |  |  | $ | 2.13 |  |  | $ | (0.92) |
Earnings per common share—diluted |  |  |  |  |  |  |
Net income (loss) | $ | (15,991) |  |  | $ | 52,432 |  |  | $ | 348,214 |  |  | $ | (86,358) |
Weighted-average common shares outstanding—basic(1) | 185,963 |  |  | 94,171 |  |  | 163,141 |  |  | 94,207 |
Convertible notes weighted-average shares outstanding | — |  |  | 924 |  |  | 6,117 |  |  | — |
Outstanding options, restricted stock units and performance share units | — |  |  | 1,517 |  |  | 1,936 |  |  | — |
Weighted-average common shares outstanding—diluted | 185,963 |  |  | 96,612 |  |  | 171,194 |  |  | 94,207 |
Diluted earnings (loss) per common share | $ | (0.09) |  |  | $ | 0.54 |  |  | $ | 2.03 |  |  | $ | (0.92) |
(1)In connection with the Topgolf merger on March 8, 2021, the Company issued 89,776,450 of its common stock to the stockholders of Topgolf, and 187,568 of its common stock for restricted stock awards converted in the merger (see Note 15), of which 89,964,018 and 67,884,937 weighted average shares for the three and nine months ended September 30, 2021, respectively, were included in the basic and diluted share calculations based on the number of days the shares were outstanding during the periods.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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