Concentration Risk

9 Months Ended

Sep. 30, 2020

Risks and Uncertainties [Abstract]

Concentration Risk

(19) Concentration Risk

Significant merchant customers. During the trailing twelve months ended September 30, 2020, the Company derived approximately 23% of its total revenues from ATMs placed at the locations of its top five merchant customers. The Company’s top five merchant customers, none accounting for more than 6% of total revenue for the trailing twelve months ended September 30, 2020, were Alimentation Couche-Tard Inc., Co-operative Food, CVS Caremark Corporation, Speedway LLC, and Walgreens Boots Alliance, Inc. Accordingly, a significant percentage of the Company’s future revenues and operating income will be dependent upon the successful continuation of its relationships with these merchants. As of September 30, 2020, the contracts the Company has with its five largest merchant customers have a weighted average remaining life of approximately 3 years.