XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 220,168 $ 198,786
Accounts receivable, net 9,214 5,121
Income taxes receivable 1,664 0
Inventories 6,137 0
Prepaid expenses 8,362 6,998
Interest rate caplets 3,522 0
Investment in convertible notes 32,065 32,065
Other current assets 6,869 5,025
Total current assets 288,001 247,995
Property and equipment, net 189,637 152,251
Other noncurrent assets:    
Route and customer acquisition costs, net 17,678 15,913
Location contracts acquired, net 184,519 150,672
Goodwill 99,490 46,199
Other intangible assets 24,400 0
Interest rate caplets, net of current 9,427 0
Other assets 3,427 3,043
Total other noncurrent assets 338,941 215,827
Total assets 816,579 616,073
Current liabilities:    
Current maturities of debt 23,460 17,500
Current portion of route and customer acquisition costs payable 2,794 2,079
Accrued location gaming expense 3,000 3,969
Accrued state gaming expense 13,483 11,441
Accounts payable and other accrued expenses 22,173 14,616
Accrued compensation and related expenses 9,062 8,886
Current portion of consideration payable 12,025 13,344
Total current liabilities 85,997 71,835
Long-term liabilities:    
Debt, net of current maturities 478,635 324,022
Route and customer acquisition costs payable, less current portion 4,111 3,953
Consideration payable, less current portion 11,106 12,706
Contingent earnout share liability 33,692 42,831
Warrant and other long-term liabilities 440 17
Deferred income tax liability 28,723 2,248
Total long-term liabilities 556,707 385,777
Stockholders’ equity:    
Preferred Stock, par value of $0.0001; 1,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2022 and December 31, 2021 0 0
Class A-1 Common Stock, par value $0.0001; 250,000,000 shares authorized; 94,359,417 shares issued and 90,759,331 shares outstanding at June 30, 2022; 94,111,868 shares issued and 93,410,563 shares outstanding at December 31, 2021 9 9
Additional paid-in capital 191,190 187,656
Treasury stock, at cost (42,126) (8,983)
Accumulated other comprehensive income 6,771 0
Accumulated earnings (deficit) 18,031 (20,221)
Total stockholders' equity 173,875 158,461
Total liabilities and stockholders' equity $ 816,579 $ 616,073