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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net revenues:        
Total net revenues $ 856,461 $ 475,559 $ 2,421,723 $ 1,214,831
Costs and expenses:        
Other venue expenses 215,841 0 483,617 0
Selling, general and administrative expenses 217,736 127,085 612,740 384,054
Research and development expense 15,753 10,139 48,769 33,399
Goodwill and trade name impairment 0 0 0 174,269
Venue pre-opening costs 2,687 0 9,376 0
Total costs and expenses 780,451 412,050 2,162,345 1,288,091
Income (loss) from operations 76,010 63,509 259,378 (73,260)
Interest income 77 178 319 396
Interest expense (28,807) (12,905) (75,382) (34,401)
Gain on Topgolf investment 0 0 252,531 0
Other income, net 2,958 7,010 9,487 27,487
Income (loss) before income taxes 50,238 57,792 446,333 (79,778)
Income tax provision 66,229 5,360 98,119 6,580
Net income (loss) $ (15,991) $ 52,432 $ 348,214 $ (86,358)
Earnings (loss) per common share:        
Basic (in dollars per share) $ (0.09) $ 0.56 $ 2.13 $ (0.92)
Diluted (in dollars per share) $ (0.09) $ 0.54 $ 2.03 $ (0.92)
Weighted-average common shares outstanding:        
Basic (in shares) 185,963 94,171 163,141 94,207
Diluted (in shares) 185,963 96,612 171,194 94,207
Products        
Net revenues:        
Total net revenues $ 527,064 $ 475,559 $ 1,678,432 $ 1,214,831
Costs and expenses:        
Cost of products 288,364 274,826 914,002 696,369
Services        
Net revenues:        
Total net revenues 329,397 0 743,291 0
Costs and expenses:        
Cost of services, excluding depreciation and amortization $ 40,070 $ 0 $ 93,841 $ 0