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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, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total net revenues $ 266,967 $ 193,351 $ 691,727 $ 542,394
Operating expenses:        
Cost of revenue (exclusive of depreciation and amortization expense shown below) 185,878 129,739 473,164 364,402
Cost of manufacturing goods sold (exclusive of depreciation and amortization expense shown below) 1,656 0 2,421 0
General and administrative 39,796 28,053 103,634 78,641
Depreciation and amortization of property and equipment 8,136 6,518 20,575 18,820
Amortization of intangible assets and route and customer acquisition costs 5,156 6,221 12,278 18,489
Other expenses, net 3,106 4,173 7,894 8,913
Total operating expenses 243,728 174,704 619,966 489,265
Operating income 23,239 18,647 71,761 53,129
Interest expense, net 6,239 3,016 14,031 9,736
(Gain) loss on change in fair value of contingent earnout shares (10,358) 888 (19,497) 6,867
Income before income tax expense 27,358 14,743 77,227 36,526
Income tax expense 4,914 3,936 16,531 11,773
Net income $ 22,444 $ 10,807 $ 60,696 $ 24,753
Net income per common share:        
Basic (in usd per share) $ 0.25 $ 0.11 $ 0.66 $ 0.26
Diluted (in usd per share) $ 0.25 $ 0.11 $ 0.66 $ 0.26
Weighted average number of shares outstanding:        
Basic (in shares) 89,992 94,004 91,299 93,607
Diluted (in shares) 90,528 94,728 91,945 94,469
Comprehensive income        
Net income $ 22,444 $ 10,807 $ 60,696 $ 24,753
Unrealized (loss) gain on investment in convertible notes (net of income taxes of $(126) and $2,135, respectively) 0 (315) 0 5,358
Unrealized gain on interest rate caplets (net of income taxes of $2,317 and $5,011, respectively) 5,925 0 12,696 0
Comprehensive income 28,369 10,492 73,392 30,111
Net gaming        
Total net revenues 255,606 186,017 662,491 520,915
Amusement        
Total net revenues 4,860 4,010 14,543 12,338
Manufacturing        
Total net revenues 2,489 0 3,408 0
ATM fees and other        
Total net revenues $ 4,012 $ 3,324 $ 11,285 $ 9,141