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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands, shares in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net revenues:        
Total net revenues $ 988,500 $ 856,500 $ 3,144,400 $ 2,421,700
Costs and expenses:        
Other venue expense 287,600 215,900 780,200 483,600
Selling, general and administrative expense 224,700 217,700 720,400 612,700
Research and development expense 19,200 15,800 55,400 48,800
Venue pre-opening costs 9,900 2,700 18,100 9,400
Total costs and expenses 920,300 780,500 2,852,900 2,162,300
Income from operations 68,200 76,000 291,500 259,400
Interest expense, net (36,400) (28,700) (100,300) (75,100)
Gain on Topgolf investment 0 0 0 252,500
Other income, net 7,000 2,900 26,900 9,500
Income before income taxes 38,800 50,200 218,100 446,300
Income tax provision (benefit) 300 66,200 (12,500) 98,100
Net income (loss) $ 38,500 $ (16,000) $ 230,600 $ 348,200
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.21 $ (0.09) $ 1.25 $ 2.13
Diluted (in dollars per share) $ 0.20 $ (0.09) $ 1.17 $ 2.03
Weighted-average common shares outstanding:        
Basic (in shares) 184.8 186.0 184.9 163.1
Diluted (in shares) 201.8 186.0 201.0 171.2
Products        
Net revenues:        
Total net revenues $ 579,300 $ 527,100 $ 2,018,200 $ 1,678,400
Costs and expenses:        
Cost of products 330,700 288,400 1,142,500 914,000
Services        
Net revenues:        
Total net revenues 409,200 329,400 1,126,200 743,300
Costs and expenses:        
Cost of services, excluding depreciation and amortization $ 48,200 $ 40,000 $ 136,300 $ 93,800