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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Total net revenues $ 193,351 $ 135,097 $ 542,394 $ 241,939
Operating expenses:        
Cost of revenue (exclusive of depreciation and amortization expense shown below) 129,739 90,556 364,402 161,795
General and administrative 28,053 23,165 78,641 55,061
Depreciation and amortization of property and equipment 6,518 5,361 18,820 15,299
Amortization of route and customer acquisition costs and location contracts acquired 6,221 5,648 18,489 16,778
Other expenses, net 4,173 1,383 8,913 5,719
Total operating expenses 174,704 126,113 489,265 254,652
Operating income (loss) 18,647 8,984 53,129 (12,713)
Interest expense, net 3,016 3,434 9,736 10,172
Loss (gain) on change in fair value of contingent earnout shares 888 3,599 6,867 (6,633)
Loss (gain) on change in fair value of warrants 0 1,710 0 (12,574)
Income (loss) before income tax expense (benefit) 14,743 241 36,526 (3,678)
Income tax expense (benefit) 3,936 (6,594) 11,773 (11,788)
Net income $ 10,807 $ 6,835 $ 24,753 $ 8,110
Net income per common share:        
Net income per common share - basic (in usd per share) $ 0.11 $ 0.08 $ 0.26 $ 0.10
Net income per common share - diluted (in usd per share) $ 0.11 $ 0.08 $ 0.26 $ 0.09
Weighted average number of shares outstanding:        
Weighted average number of shares outstanding - basic (in shares) 94,004 82,785 93,607 79,708
Weighted average number of shares outstanding - diluted (in shares) 94,728 83,560 94,469 80,578
Comprehensive income        
Net income $ 10,807 $ 6,835 $ 24,753 $ 8,110
Unrealized (loss) gain on investment in convertible notes (net of income taxes of $(126) and $2,135, respectively) (315) 0 5,358 0
Comprehensive income 10,492 6,835 30,111 8,110
Net gaming        
Total net revenues 186,017 129,635 520,915 231,210
Amusement        
Total net revenues 4,010 3,031 12,338 6,123
ATM fees and other revenue        
Total net revenues $ 3,324 $ 2,431 $ 9,141 $ 4,606