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Business Combinations (Tables)
 12 Months Ended
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 assets0.3 
Property and equipment20.2 
Intangibles—trade name2.9 
Intangibles—development rights2.0 
Goodwill4.4 
Total assets acquired29.9 
Liabilities Assumed
Accounts payable and accrued liabilities0.2 
Net assets acquired29.7 
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 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 liabilities$95.8 
Accrued employee costs37.1 
Construction advances40.5 
Deferred revenue66.2 
Other current liabilities7.8 
Long-term debt535.1 
Deemed landlord financing303.0 
Operating lease liabilities1,402.3 
Other long-term liabilities32.2 
Deferred tax liabilities143.7 
Net assets acquired2,485.5 
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 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)