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Business Combinations (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date based on the purchase price allocation (in millions):
| At November 1, 2023
Assets Acquired |
Accounts receivable | $ | 0.1 |
Other current assets | 0.3 |
Property and equipment | 20.2 |
Intangibles—trade name | 2.9 |
Intangibles—development rights | 2.0 |
Goodwill | 4.4 |
Total assets acquired | 29.9 |
Liabilities Assumed |
Accounts payable and accrued liabilities | 0.2 |
Net assets acquired | 29.7 |
Total purchase price consideration | $ | 29.7 |
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 receivable |  | 10.7 |
Inventories |  | 13.9 |
Other current assets |  | 52.1 |
Property and equipment |  | 1,079.6 |
Operating lease right-of-use assets |  | 1,328.0 |
Investments |  | 28.8 |
Other assets |  | 33.7 |
Intangibles—trade name |  | 994.2 |
Intangibles—technology, customer relationships and liquor licenses |  | 81.9 |
Goodwill |  | 1,355.0 |
Total assets acquired |  | 5,149.2 |
Liabilities Assumed |  |
Accounts payable and accrued liabilities |  | $ | 95.8 |
Accrued employee costs |  | 37.1 |
Construction advances |  | 40.5 |
Deferred revenue |  | 66.2 |
Other current liabilities |  | 7.8 |
Long-term debt |  | 535.1 |
Deemed landlord financing |  | 303.0 |
Operating lease liabilities |  | 1,402.3 |
Other long-term liabilities |  | 32.2 |
Deferred tax liabilities |  | 143.7 |
Net assets acquired |  | 2,485.5 |
Goodwill allocated to other business units |  | 563.4 |
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 twelve months ended December 31, 2021 in order to show what our consolidated net revenues and net income would have been had the merger been completed as of January 1, 2020. These amounts were calculated after applying our accounting policies and were based upon information available at that time. 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 actual results of future operations or of the results that would have occurred had the acquisition taken place as of the date noted below. The pro-forma amounts presented below also consider the effects of the fair value adjustments recorded on the assets acquired and liabilities assumed throughout the measurement period. For the twelve months ended December 31, 2023 and December 31, 2022, our consolidated financial statements reflect the actual results of operations of the merged businesses.
| Year Ended December 31, |  |
| 2021 |  |
| (in millions)
Net revenues | $ | 3,276.4 |  |  |
Net income | $ | 72.3 |  |  |
The following table presents net revenues and net loss attributable to Topgolf included in our consolidated statements of operations for the year ended December 31, 2021 (in millions):
| Year Ended December 31,
| 2021
Net revenues | $ | 1,087.6 |
Net loss | $ | (29.6) |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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