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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, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total net revenues $ 302,227 $ 287,497 $ 913,457 $ 873,352
Operating expenses:        
Cost of revenue (exclusive of depreciation and amortization expense shown below) 210,841 198,743 633,325 604,603
Cost of manufacturing goods sold (exclusive of depreciation and amortization expense shown below) 962 2,065 5,283 5,627
General and administrative 47,930 45,183 142,105 132,421
Depreciation and amortization of property and equipment 11,001 9,405 32,229 27,914
Amortization of intangible assets and route and customer acquisition costs 5,781 5,299 16,808 15,825
Other expenses, net 3,867 1,682 13,620 5,006
Total operating expenses 280,382 262,377 843,370 791,396
Operating income 21,845 25,120 70,087 81,956
Interest expense, net 9,164 8,415 26,730 24,546
Loss from unconsolidated affiliates 1 0 1 0
Loss on change in fair value of contingent earnout shares 4,216 1,625 4,190 11,063
Income before income tax expense 8,464 15,080 39,166 46,347
Income tax expense 3,569 4,630 12,269 16,732
Net income $ 4,895 $ 10,450 $ 26,897 $ 29,615
Earnings per common share:        
Basic (in usd per share) $ 0.06 $ 0.12 $ 0.32 $ 0.34
Diluted (in usd per share) $ 0.06 $ 0.12 $ 0.32 $ 0.34
Weighted average number of common shares outstanding:        
Basic (in shares) 82,952 85,865 83,718 86,305
Diluted (in shares) 84,322 87,114 84,890 87,022
Comprehensive income        
Net income $ 4,895 $ 10,450 $ 26,897 $ 29,615
Unrealized (loss) gain on interest rate caplets (net of income tax (benefit) expense of $(1,526), $37, $(1,524), and $(3) respectively) (4,075) 97 (4,071) (7)
Comprehensive income 820 10,547 22,826 29,608
Net gaming        
Total net revenues 289,923 274,123 871,300 831,054
Amusement        
Total net revenues 5,104 5,411 16,772 17,839
Manufacturing        
Total net revenues 1,705 3,334 9,122 9,886
ATM fees and other        
Total net revenues $ 5,495 $ 4,629 $ 16,263 $ 14,573