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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, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total net revenues $ 309,413 $ 292,647 $ 611,230 $ 585,855
Operating expenses:        
Cost of revenue (exclusive of depreciation and amortization expense shown below) 213,317 202,306 422,484 405,860
Cost of manufacturing goods sold (exclusive of depreciation and amortization expense shown below) 3,162 2,154 4,321 3,562
General and administrative 46,541 44,220 94,175 87,238
Depreciation and amortization of property and equipment 10,794 9,446 21,228 18,509
Amortization of intangible assets and route and customer acquisition costs 5,589 5,284 11,027 10,526
Other expenses, net 7,327 73 9,753 3,324
Total operating expenses 286,730 263,483 562,988 529,019
Operating income 22,683 29,164 48,242 56,836
Interest expense, net 8,906 8,243 17,566 16,131
(Gain) loss on change in fair value of contingent earnout shares (4,742) 4,836 (26) 9,438
Income before income tax expense 18,519 16,085 30,702 31,267
Income tax expense 3,933 6,102 8,700 12,102
Net income $ 14,586 $ 9,983 $ 22,002 $ 19,165
Earnings per common share:        
Basic (in usd per share) $ 0.17 $ 0.12 $ 0.26 $ 0.22
Diluted (in usd per share) $ 0.17 $ 0.11 $ 0.26 $ 0.22
Weighted average number of common shares outstanding:        
Basic (in shares) 83,911 86,184 84,105 86,529
Diluted (in shares) 85,054 86,820 85,178 86,971
Comprehensive income        
Net income $ 14,586 $ 9,983 $ 22,002 $ 19,165
Unrealized (loss) gain on interest rate caplets (net of income taxes of $(403), $789, $2, and $(40) respectively) (1,077) 2,062 4 (104)
Comprehensive income 13,509 12,045 22,006 19,061
Net gaming        
Total net revenues 293,240 277,551 581,377 556,931
Amusement        
Total net revenues 5,539 5,630 11,668 12,428
Manufacturing        
Total net revenues 5,208 4,430 7,417 6,552
ATM fees and other        
Total net revenues $ 5,426 $ 5,036 $ 10,768 $ 9,944