XML 29 R19.htm IDEA: XBRL DOCUMENT v3.23.2
Business Combinations (Tables)
6 Months Ended
Jul. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Summary of Purchase Price and Net Assets Acquired in the Acquisition
The components of the purchase price and net assets acquired in the Main Event Acquisition are as follows:
 Amount
Gross cash consideration$853.2 
Contingent consideration (1)
13.8 
Less: cash acquired(34.5)
Total consideration paid$832.5 
Assets: 
Current assets16.9 
Property and equipment338.3 
Operating lease right of use assets297.2 
Tradename99.2 
Other assets and deferred charges5.8 
Liabilities: 
Accounts payable20.1 
Current portion of operating lease liabilities11.6 
Accrued liabilities41.6 
Operating lease liabilities279.2 
Deferred tax liabilities35.8 
Other liabilities6.5 
Net assets acquired, excluding goodwill$362.6 
Goodwill$469.9 
(1)The Company has an obligation to pay, in cash, an aggregate amount equal to any “Transaction Tax Benefits,” with respect to any taxable year of the Company after the Closing Date ending on or before December 31, 2028, including the current taxable year. This amount is based on the present value of the maximum amount provided in the Merger Agreement.
Summary of Unaudited Pro Forma Information Provides the Effect of the Main Event Acquisition
The following unaudited pro forma information provides the effect of the Main Event Acquisition as if the acquisition had occurred on January 31, 2022:
Thirteen Weeks Ended Twenty-Six Weeks Ended
July 31, 2022July 31, 2022
Revenues$544.6 $1,120.1 
Net income$20.4 $92.7