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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total net revenues $ 287,497 $ 266,967 $ 873,352 $ 691,727
Operating expenses:        
Cost of revenue (exclusive of depreciation and amortization expense shown below) 198,743 185,878 604,603 473,164
Cost of manufacturing goods sold (exclusive of depreciation and amortization expense shown below) 2,065 1,656 5,627 2,421
General and administrative 45,183 39,796 132,421 103,634
Depreciation and amortization of property and equipment 9,405 8,136 27,914 20,575
Amortization of intangible assets and route and customer acquisition costs 5,299 5,156 15,825 12,278
Other expenses, net 1,682 3,106 5,006 7,894
Total operating expenses 262,377 243,728 791,396 619,966
Operating income 25,120 23,239 81,956 71,761
Interest expense, net 8,415 6,239 24,546 14,031
Loss (gain) on change in fair value of contingent earnout shares 1,625 (10,358) 11,063 (19,497)
Income before income tax expense 15,080 27,358 46,347 77,227
Income tax expense 4,630 4,914 16,732 16,531
Net income $ 10,450 $ 22,444 $ 29,615 $ 60,696
Earnings per common share:        
Basic (in usd per share) $ 0.12 $ 0.25 $ 0.34 $ 0.66
Diluted (in usd per share) $ 0.12 $ 0.25 $ 0.34 $ 0.66
Weighted average number of shares outstanding:        
Basic (in shares) 85,865 89,992 86,305 91,299
Diluted (in shares) 87,114 90,528 87,022 91,945
Comprehensive income        
Net income $ 10,450 $ 22,444 $ 29,615 $ 60,696
Unrealized gain (loss) on interest rate caplets (net of income taxes of $37, $2,317, $(3) and $5,011, respectively) 97 5,925 (7) 12,696
Comprehensive income 10,547 28,369 29,608 73,392
Net gaming        
Total net revenues 274,123 255,606 831,054 662,491
Amusement        
Total net revenues 5,411 4,860 17,839 14,543
Manufacturing        
Total net revenues 3,334 2,489 9,886 3,408
ATM fees and other        
Total net revenues $ 4,629 $ 4,012 $ 14,573 $ 11,285