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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net revenues $ 379 $ 104,267 $ 105,607 $ 201,692 $ 424,385 $ 331,993 $ 248,435
Operating expenses:              
Video gaming expenses 0 66,082 67,980 127,703 271,999 210,507 157,010
General and administrative 10,451 17,476 33,919 33,600 75,028 58,157 45,364
Depreciation and amortization of property and equipment 5,071 6,100 9,938 12,141 26,398 20,782 16,768
Amortization of route and customer acquisition costs and location contracts acquired 5,565 4,624 11,130 8,927 17,975 14,681 9,792
Other expenses, net 3,132 730 4,336 1,346 19,649 2,997 1,331
Total operating expenses 24,219 95,012 127,303 183,717 411,049 307,124 230,265
Operating income (23,840) 9,255 (21,696) 17,975 13,336 24,869 18,170
Interest expense 2,489 3,156 6,738 6,203 12,860 9,644 8,105
Loss on debt extinguishment         1,141 0 0
(Loss) income before income tax expense (26,329) 6,099 (28,434) 11,772 (665) 15,225 10,065
Income tax expense (5,055) 1,771 (5,194) 3,449 5,199 4,422 1,754
Net (loss) income $ (21,274) $ 4,328 $ (23,240) $ 8,323 $ (5,864) $ 10,803 $ 8,311
Net (loss) income per common share:              
Net (loss) income per common share - basic (in usd per share) $ (0.27) $ 0.07 $ (0.30) $ 0.14 $ (0.09) [1] $ 0.19 [1] $ 0.15 [1]
Net (loss) income per common share - diluted (in usd per share) $ (0.27) $ 0.07 $ (0.30) $ 0.13 $ (0.09) [1] $ 0.17 [1] $ 0.14 [1]
Weighted average number of shares outstanding:              
Weighted average number of shares outstanding - basic (in shares) 78,317 58,605 78,161 57,896 61,850 [1] 57,621 [1] 56,321 [1]
Weighted average number of shares outstanding - diluted (in shares) 78,317 61,904 78,161 61,742 61,850 [1] 62,182 [1] 59,408 [1]
Net video gaming              
Net revenues $ 0 $ 100,994 $ 101,575 $ 195,169 $ 410,636 $ 321,711 $ 240,235
Amusement              
Net revenues 260 1,348 1,952 2,786 5,912 4,199 3,422
ATM fees and other revenue              
Net revenues $ 119 $ 1,925 $ 2,080 $ 3,737 $ 7,837 $ 6,083 $ 4,778
[1]
Per share and share amounts have been retroactively restated to give effect to the reverse recapitalization that is discussed in Note 3.