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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total net revenues $ 292,647 $ 227,869 $ 585,855 $ 424,760
Operating expenses:        
Cost of revenue (exclusive of depreciation and amortization expense shown below) 202,306 154,666 405,860 287,286
Cost of manufacturing goods sold (exclusive of depreciation and amortization expense shown below) 2,154 765 3,562 765
General and administrative 44,220 32,719 87,238 63,838
Depreciation and amortization of property and equipment 9,446 6,598 18,509 12,439
Amortization of intangible assets and route and customer acquisition costs 5,284 3,574 10,526 7,122
Other expenses, net 73 2,232 3,324 4,788
Total operating expenses 263,483 200,554 529,019 376,238
Operating income 29,164 27,315 56,836 48,522
Interest expense, net 8,243 3,791 16,131 7,792
Loss (gain) on change in fair value of contingent earnout shares 4,836 (5,722) 9,438 (9,139)
Income before income tax expense 16,085 29,246 31,267 49,869
Income tax expense 6,102 6,782 12,102 11,617
Net income $ 9,983 $ 22,464 $ 19,165 $ 38,252
Earnings per common share:        
Basic (in usd per share) $ 0.12 $ 0.24 $ 0.22 $ 0.41
Diluted (in usd per share) $ 0.11 $ 0.24 $ 0.22 $ 0.41
Weighted average number of shares outstanding:        
Basic (in shares) 86,184 92,328 86,529 92,484
Diluted (in shares) 86,820 93,001 86,971 93,195
Comprehensive income        
Net income $ 9,983 $ 22,464 $ 19,165 $ 38,252
Unrealized gain (loss) on interest rate caplets (net of income taxes of $789, $760, $(40) and $2,694, respectively) 2,062 1,907 (104) 6,771
Comprehensive income 12,045 24,371 19,061 45,023
Net gaming        
Total net revenues 277,551 218,423 556,931 406,885
Amusement        
Total net revenues 5,630 4,693 12,428 9,683
Manufacturing        
Total net revenues 4,430 919 6,552 919
ATM fees and other        
Total net revenues $ 5,036 $ 3,834 $ 9,944 $ 7,273