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CONSOLIDATED STATEMENTS OF OPERATIONS and COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net revenues $ 316,352 $ 428,696 $ 335,081
Operating expenses:      
Cost of revenue (exclusive of depreciation and amortization expense shown below) 211,086 282,008 217,457
General and administrative 77,420 69,330 54,295
Depreciation and amortization of property and equipment 20,969 26,398 20,782
Amortization of route and customer acquisition costs and location contracts acquired 22,608 17,975 14,681
Other expenses, net 8,948 19,649 2,997
Total operating expenses 341,031 415,360 310,212
Operating (loss) income (24,679) 13,336 24,869
Interest expense, net 13,707 12,860 9,644
(Gain)/loss on change in fair value of contingent earnout shares (8,484) 9,837 0
(Gain)/loss on change in fair value of warrants (12,574) 21,063 0
Loss on debt extinguishment 0 1,141 0
(Loss) income before income tax (benefit) expense (17,328) (31,565) 15,225
Income tax (benefit) expense (16,918) 5,199 4,422
Net (loss) income $ (410) $ (36,764) $ 10,803
Earnings (loss) per share:      
Net (loss) income per common share - basic (in usd per share) [1] $ 0 $ (0.59) $ 0.19
Net (loss) income per common share - diluted (in usd per share) [1] $ (0.02) $ (0.59) $ 0.17
Weighted average number of shares outstanding:      
Weighted average number of shares outstanding - basic (in shares) [1] 83,045,000 61,848,000 57,621,000
Weighted average number of shares outstanding - diluted (in shares) [1] 83,113,000 61,848,000 62,182,000
Comprehensive (loss) income      
Net (loss) income $ (410) $ (36,764) $ 10,803
Unrealized gain on investment in convertible notes (net of income taxes of $36) 93 0 0
Comprehensive (loss) income (317) (36,764) 10,803
Net gaming      
Net revenues 300,520 410,636 321,711
Amusement      
Net revenues 9,247 9,749 7,001
ATM fees and other revenue      
Net revenues $ 6,585 $ 8,311 $ 6,369
[1] Per share and share amounts for 2018 have been retroactively restated to give effect to the reverse recapitalization that is discussed in Note 3.