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Business Combinations (Tables)
 3 Months Ended
Mar. 31, 2022
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date based on the purchase price allocation (in millions):
At March 8, 2021
Assets Acquired
Cash$171.3 
Accounts receivable10.7 
Inventories13.9 
Other current assets52.1 
Property and equipment1,079.6 
Operating lease right-of-use assets1,328.0 
Investments28.8 
Other assets33.7 
Intangibles - trade name994.2 
Intangibles - technology, customer relationships and liquor licenses81.9 
Goodwill1,355.0 
Total assets acquired5,149.2 
Liabilities Assumed
Accounts payable and accrued liabilities95.8 
Accrued employee costs37.1 
Construction advances40.5 
Deferred revenue66.2 
Other current liabilities7.8 
Long-term debt535.1 
Deemed landlord financing303.0 
Operating lease liabilities 1,402.3 
Other long-term liabilities32.2 
Deferred tax liabilities143.7 
Net assets acquired$2,485.5 
Goodwill allocated to other business units563.4 
Total purchase price and consideration transferred in the merger$3,048.9 
Supplemental Pro Forma Information
The following table presents supplemental pro forma information for the three months ended March 31, 2021, as if the merger with Topgolf had occurred on January 1, 2020. These amounts have been calculated after applying the Company’s accounting policies and are based upon currently available information. For this analysis, the Company assumed that certain gains and costs associated with the merger were recognized as of January 1, 2020, including a gain of $252.5 million recognized on the Company’s pre-acquisition investment in Topgolf, acquisition costs of $15.8 million, the amortization of estimated intangible assets and other fair value adjustments, as well as the tax effect on those costs, and a valuation allowance on certain acquired net operating losses and tax credit carryforwards (see Note 11). Pre-acquisition net revenue and net income/(loss) amounts for Topgolf were derived from the books and records of Topgolf prepared prior to the acquisition and are presented for informational purposes only and do not purport to be indicative of the results of future operations or of the results that would have occurred had the acquisition taken place as of the dates noted below. The pro forma amounts presented below consider the effects of the fair value adjustments recorded on the assets acquired and liabilities assumed throughout the measurement period. Accordingly, the amounts below reflect the impact of those adjustments.
Three Months Ended
March 31,
2021
(in millions)
Net revenues$794.6
Net income$22.5