0001698991-24-000037 | 10-Q | XBRL Viewer

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2024

Summary of Significant Accounting Policies

Basis of presentation and preparation: The condensed consolidated financial statements and accompanying notes were prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). The condensed consolidated financial statements include the accounts of the Company and of its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, the condensed consolidated financial statements include all recurring adjustments and normal accruals necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the dates and periods presented. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (the “Form 10-K”). In preparing our condensed consolidated financial statements, we applied the same significant accounting policies as described in Note 2 to the consolidated financial statements in the Form 10-K. Any significant changes to those accounting policies are discussed below. Interim results are not necessarily indicative of results for a full year.

Use of estimates: The preparation of the condensed consolidated financial statements requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and (iii) the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates used by the Company include, among other things, the useful lives for depreciable and amortizable assets, income tax provisions, the evaluation of the future realization of deferred tax assets, projected cash flows in assessing the initial valuation of intangible assets in conjunction with business acquisitions, the selection of useful lives for depreciable and amortizable assets in conjunction with business acquisitions, the valuation of level 3 investments, the valuation of contingent earnout shares and warrants, the valuation of interest rate caplets, contingencies, and the expected term of share-based compensation awards and stock price volatility when computing stock-based compensation expense. Actual results may differ from those estimates.

Segment information: The Company operates as a single reportable segment. The Company’s chief operating decision maker (“CODM”) is the chief executive officer, who has ultimate responsibility for the operating performance of the Company and the allocation of its resources. The CODM assesses the Company’s performance and allocates resources based on consolidated results, and this is the only discrete financial information that is regularly reviewed by the CODM.

Equity method investments: Investments in unconsolidated affiliates, which do not meet the controlling financial interest consolidation criteria of the authoritative accounting guidance for voting interest or variable interest entities, are accounted for under the equity method. The Company will record its share of net income or loss from equity method investments within “Other non-operating income, net” in the condensed consolidated statements of operations and comprehensive income and adjust the carrying value of its investments in unconsolidated affiliates.

On June 17, 2024, the Company invested $5.0 million in HBC Gaming LLC (“HBC”), in exchange for a 5% equity interest in HBC. HBC is a local entertainment company based in Hampton, New Hampshire specializing in providing a variety of gaming services to its customers. The Company’s 5% investment qualifies for equity method accounting. The Company recorded its initial investment of $5.0 million within other assets on the condensed consolidated balance sheets, and will recognize its share of HBC’s net income or loss utilizing the most recent and available financials after a lag of one quarter. The Company also has obligations to fund additional equity investments in the event certain construction and development milestones are met in an amount up to 10% ownership of HBC, on an undiluted basis, at an additional cost of up to $6.5 million.

Revenue recognition: The Company generates revenues from the following types of services: gaming terminals, amusements, and ATMs. The Company also generates manufacturing revenue from the sales of gaming terminals and associated software. Revenue is disaggregated by type of revenue and is presented on the face of the condensed consolidated statements of operations and comprehensive income.

Total net revenues for the three and six months ended June 30, 2024 and 2023 are further disaggregated by the primary states in which the Company operates.


(in thousands)	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023			2024		2023
Net revenues by state:
Illinois	$	227,093	$	215,947		$	451,956	$	435,790
Montana	42,583		39,275			80,724		75,726
Nevada	29,322		29,869			58,531		59,830
Nebraska	6,249		4,488			12,083		8,412
Other	4,166		3,068			7,936		6,097
Total net revenues	$	309,413	$	292,647		$	611,230	$	585,855

Recent accounting pronouncements: On November 27, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires public entities to disclose information about their reportable segments’ significant expenses regularly provided to the CODM. The amendments in this ASU enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss, provide new segment disclosure requirements for entities with a single reportable segment, and contain other disclosure requirements. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Entities must adopt the changes to the segment reporting guidance on a retrospective basis. The Company is currently evaluating the potential effect that this ASU will have on its financial statement disclosures.

On December 14, 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid disaggregated by jurisdiction. The new requirements will be effective for annual periods beginning after December 15, 2024, and will be applied on a prospective basis with the option to apply the standard retrospectively. The Company is currently evaluating the potential effect that this ASU will have on its financial statement disclosures.

Other recently issued accounting standards or pronouncements have been excluded because they are either not relevant to the Company, or are not expected to have, or did not have, a material effect on its condensed consolidated financial statements.

Contingent Earnout Share Liability	6 Months Ended
Contingent Earnout Share Liability	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Contingent Earnout Share Liability	Contingent Earnout Share Liability Pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation, the Company authorized and has available for issuance 10,000,000 shares of Class A-2 common stock. The holders of the Class A-2 common stock do not have voting rights and are not entitled to receive or participate in any dividends or distributions when and if declared from time to time. The Company concluded that the Class A-2 common stock should be reflected as a contingent earnout share liability due to the fact that such shares are not entitled to dividends, voting rights, or a stake in the Company in the case of liquidation. The contingent earnout share liability is recorded at fair value. For more information on how the fair value is determined, see Note 12. In 2019, 5,000,000 shares of Class A-2 common stock were issued, subject to the conditions set forth in a restricted stock agreement (the “Restricted Stock Agreement”), which sets forth the terms upon which the Class A-2 common stock will be exchanged for an equal number of validly issued, fully paid and non-assessable Class A-1 common stock. The exchange of Class A-2 common stock for Class A-1 common stock will be subject to the terms and conditions set forth in the Restricted Stock Agreement, with such exchanges occurring in three separate tranches upon the satisfaction of the specified triggers, based either on the Company achieving certain last twelve month EBITDA (“LTM EBITDA”) thresholds in certain periods or the closing sale price of Class A-1 common stock exceeding certain prices over certain trading periods. In 2020, the market condition for the settlement of Tranche I was satisfied. As a result, 1,666,636 shares of the 1,666,666 shares of Class A-2 common stock were converted into Class A-1 common stock. The current thresholds, as approved by a disinterested committee of the Company's board of directors made up of independent directors who do not hold any Class A-2 common stock, for the remaining two Tranches are as follows: •Tranche II, equal to 1,666,667 shares of Class A-2 common stock, will be exchanged for Class A-1 common stock if the closing sale price of Class A-1 common stock on the New York Stock Exchange (“NYSE”) equals or exceeds $14.00 for at least twenty trading days in any consecutive thirty trading day period; and •Tranche III, equal to 1,666,667 shares of Class A-2 common stock, will be exchanged for Class A-1 common stock if either (i) the LTM EBITDA threshold as of June 30, 2024 is $198.6 million or (ii) the closing sale price of Class A-1 common stock on the NYSE equals or exceeds $16.00 for at least twenty trading days in any consecutive thirty trading day period.

Fair Value Measurements - Narrative (Details)	Jun. 30, 2024 shares
Fair Value Disclosures [Abstract]
Warrants outstanding (in shares)	5,144

Investment in Convertible Notes (Details) - Convertible Promissory Notes - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2024
Debt Securities, Available-for-sale [Line Items]
Settlements received on investments owned	$ 32.5
Investments, prepayment on future amounts due	$ 0.4	$ 0.4
Accrued investment income receivable			$ 1.4
Investments, amount due from other parties			$ 1.5
Realized investment gain		$ 1.7

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

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

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 3,933	$ 6,102	$ 8,700	$ 12,102
Effective tax rate	21.20%	37.90%	28.30%	38.70%

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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+ Details

Stockholders' Equity	6 Months Ended
Stockholders' Equity	Jun. 30, 2024
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation, the Company authorized and has available for issuance the following shares: Class A-1 Common Stock The holders of the Class A-1 common stock are entitled to one vote for each share. The holders of Class A-1 common stock are entitled to receive dividends or other distributions when and if declared from time to time and share equally on a per share basis in such dividends and distributions, subject to such rights of the holders of preferred stock. Treasury Stock On November 22, 2021, the Company’s Board of Directors approved a share repurchase program of up to $200 million shares of Class A-1 common stock. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. Under the repurchase program, repurchases can be made from time to time using a variety of methods, including open market purchases or privately negotiated transactions, in compliance with the rules of the SEC and other applicable legal requirements. The repurchase program does not obligate the Company to acquire any particular amount of shares, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion. As of June 30, 2024, the Company acquired a total of 12,909,946 shares under the plan at a total purchase price of $133.4 million, of which 1,500,749 shares at a total purchase price of $15.3 million were acquired during the six months ended June 30, 2024.

- Definition

The entire disclosure for equity.

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+ Details

Inventories

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following as of June 30, 2024 and December 31, 2023 (in thousands):


	June 30, 2024		December 31, 2023
Raw materials and manufacturing supplies	$	6,103	$	5,693
Finished products	1,430		1,988
Total inventories	$	7,533	$	7,681

As of June 30, 2024 and December 31, 2023, no inventory valuation allowance was determined to be necessary.

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recognized income tax expense of $3.9 million and $8.7 million for the three and six months ended June 30, 2024. In comparison, the Company recognized income tax expense of $6.1 million and $12.1 million for the three and six months ended June 30, 2023, respectively. The Company calculates its provision for income taxes during interim reporting periods by applying an estimate of the annual effective tax rate to its year-to-date pretax book income or loss. The effective tax rate (income taxes as a percentage of income before income taxes) was 21.2% and 28.3% for the three and six months ended June 30, 2024, compared to 37.9% and 38.7% for the three and six month ended June 30, 2023, respectively. The Company’s effective income tax rate can vary from period to period depending on, among other factors, the amount of permanent tax adjustments and discrete items. The change in the fair value of the contingent earnout shares is considered a discrete item for income tax purposes and was the primary driver for the fluctuations in the tax rate year over year.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income	$ 22,002	$ 19,165
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	21,228	18,509
Amortization of intangible assets and route and customer acquisition costs	11,027	10,526
Amortization of debt issuance costs	904	893
(Gain) loss on change in fair value of contingent earnout shares	(26)	9,438
Stock-based compensation	5,585	4,255
Loss (gain) on disposal of property and equipment	218	(37)
Net loss on write-off of route and customer acquisition costs and route and customer acquisition costs payable	841	483
Remeasurement of contingent consideration	4,552	196
Payments on consideration payable	(1,258)	(1,561)
Accretion of interest on route and customer acquisition costs payable, contingent consideration, and contingent stock consideration	647	771
Deferred income taxes	(289)	6,342
Changes in operating assets and liabilities:
Prepaid expenses, deposits and other current assets	(3,659)	(405)
Accounts receivable, net	(1,682)	1,453
Inventories	148	(366)
Route and customer acquisition costs	(6,414)	(1,226)
Route and customer acquisition costs payable	2,865	(690)
Accounts payable and accrued expenses	1,337	2,201
Accrued compensation and related expenses	(1,453)	(2,568)
Other assets	1,041	(3,534)
Net cash provided by operating activities	57,614	63,845
Cash flows from investing activities:
Purchases of property and equipment	(38,147)	(41,637)
Proceeds from the sale of property and equipment	330	1,142
Proceeds from the settlement of convertible notes	0	32,065
Deposits against a portion of the purchase price on a pending business acquisition	(9,043)	(3,700)
Investment in unconsolidated affiliate	(5,000)	0
Business and asset acquisitions, net of cash acquired	(17,464)	(4,115)
Net cash used in investing activities	(69,324)	(16,245)
Cash flows from financing activities:
Proceeds from debt	47,500	115,000
Payments on debt	(24,750)	(139,250)
Payments for repurchase of common stock	(15,321)	(12,313)
Payments on interest rate caplets	(487)	(481)
Proceeds from exercise of stock-based awards	68	0
Payments on finance leases	(17)	0
Payments on consideration payable	(291)	(354)
Tax withholding on stock-based payments	(1,680)	(881)
Net cash provided by (used in) financing activities	5,022	(38,279)
Net (decrease) increase in cash and cash equivalents	(6,688)	9,321
Cash and cash equivalents:
Beginning of period	261,611	224,113
End of period	254,923	233,434
Cash payments for:
Interest, net	15,918	15,035
Income taxes	11,214	6,200
Supplemental schedules of noncash investing and financing activities:
Purchases of property and equipment in accounts payable and accrued liabilities	10,382	10,346
Deferred premium on interest rate caplets	1,571	2,544
Acquisition of businesses and assets:
Total identifiable net assets acquired	19,566	4,115
Less consideration payable	(2,102)	0
Cash purchase price	$ 17,464	$ 4,115

Business Acquisitions - Consideration Payable (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Current	$ 3,275	$ 3,288
Long-Term	9,794	4,201
TAV
Business Acquisition [Line Items]
Current	1,013	2,005
Long-Term	0	0
Fair Share Gaming
Business Acquisition [Line Items]
Current	879	504
Long-Term	3,821	92
Skyhigh
Business Acquisition [Line Items]
Current	564	528
Long-Term	4,251	3,941
IVSM
Business Acquisition [Line Items]
Current	97	94
Long-Term	174	168
IGE
Business Acquisition [Line Items]
Current	565	0
Long-Term	1,548	0
Tom's Amusements
Business Acquisition [Line Items]
Current	57	57
Long-Term	0	0
Island
Business Acquisition [Line Items]
Current	100	100
Long-Term	$ 0	$ 0

Property and Equipment

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consist of the following as of June 30, 2024, and December 31, 2023 (in thousands):


	June 30, 2024		December 31, 2023
Gaming terminals, software and equipment	$	393,445	$	361,662
Amusement, ATM and other equipment	28,879		27,182
Office equipment and furniture	3,803		3,385
Computer equipment and software	21,596		20,592
Leasehold improvements	9,752		8,281
Vehicles	20,746		19,862
Buildings and improvements	16,238		14,047
Land	2,998		2,469
Construction in progress	1,196		5,480
Total property and equipment	498,653		462,960
Less accumulated depreciation and amortization	(222,176)		(202,147)
Total property and equipment, net	$	276,477	$	260,813

Depreciation and amortization of property and equipment was $10.8 million and $21.2 million for the three and six months ended June 30, 2024, respectively. In comparison, depreciation and amortization of property and equipment was $9.4 million and $18.5 million for the three and six months ended June 30, 2023, respectively.

Stock-based Compensation (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
Stock-based Compensation (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option compensation expense	$ 3.2		$ 2.6	$ 5.6	$ 4.3
PSUs & RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated grant date fair value of options and RSUs granted		$ 5.3
RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted (in shares)	403,760	319,731
Estimated grant date fair value of options and RSUs granted	$ 4.0
RSU \| Employee \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year	3 years
RSU \| Employee \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years	4 years
PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted (in shares)		149,381
PSU \| Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years

Goodwill and Other Intangible Assets - Schedule of Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 300,520	$ 286,728
Accumulated Amortization	(119,170)	(110,417)
Location contracts acquired, net	181,350	176,311
Century
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	24,400	24,400
Accumulated Amortization	(5,076)	(3,858)
Location contracts acquired, net	$ 19,324	20,542
Customer Relationships \| Century
Finite-Lived Intangible Assets [Line Items]
Amortization Period	7 years
Gross Carrying Amount	$ 6,800	6,800
Accumulated Amortization	(2,024)	(1,538)
Location contracts acquired, net	$ 4,776	5,262
Software Applications \| Century
Finite-Lived Intangible Assets [Line Items]
Amortization Period	8 years
Gross Carrying Amount	$ 7,800	7,800
Accumulated Amortization	(2,031)	(1,544)
Location contracts acquired, net	$ 5,769	6,256
Trade Names \| Century
Finite-Lived Intangible Assets [Line Items]
Amortization Period	20 years
Gross Carrying Amount	$ 9,800	9,800
Accumulated Amortization	(1,021)	(776)
Location contracts acquired, net	$ 8,779	$ 9,024

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Commitments and Contingencies (Details) $ in Millions				6 Months Ended		12 Months Ended
Commitments and Contingencies (Details) $ in Millions	Jul. 18, 2024 USD ($)	Jul. 06, 2023 USD ($)	Dec. 18, 2020 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2012 defendant
Loss Contingencies [Line Items]
Number of defendant establishments \| defendant						10
Loss contingency, loss in period				$ 0.2	$ 1.2
IGB Complaint
Loss Contingencies [Line Items]
Litigation settlement, amount paid		$ 1.1
Damages sought			$ 5.0
IGB Complaint \| Alleged Conduct
Loss Contingencies [Line Items]
Litigation settlement, amount paid		1.0
IGB Complaint \| Administrative and Investigative Costs
Loss Contingencies [Line Items]
Litigation settlement, amount paid		$ 0.1
Rowell's Claim \| Subsequent Event
Loss Contingencies [Line Items]
Litigation settlement, amount paid	$ 0.1

Location Contracts Acquired

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Location Contracts Acquired

Location contract assets acquired in business acquisitions are recorded at acquisition at fair value based on an income approach. Location contracts acquired consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands):


	June 30, 2024		December 31, 2023
Cost	$	300,520	$	286,728
Accumulated amortization	(119,170)		(110,417)
Location contracts acquired, net	$	181,350	$	176,311

Amortization expense of location contracts acquired was $4.4 million and $8.7 million for the three and six months ended June 30, 2024, respectively. In comparison, location contracts acquired was $4.2 million and $8.5 million for the three and six months ended June 30, 2023, respectively.

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2024	Jul. 26, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-38136
Entity Registrant Name	Accel Entertainment, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	98-1350261
Entity Address, Address Line One	140 Tower Drive
Entity Address, City or Town	Burr Ridge
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60527
City Area Code	630
Local Phone Number	972-2235
Title of 12(b) Security	Class A-1 Common Stock, par value $.0001 per share
Trading Symbol	ACEL
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		82,634,762
Amendment Flag	false
Document Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001698991

Location Contracts Acquired - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 0.6	$ 1.2	$ 0.6	$ 1.2
Location Contract
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 4.4	$ 4.2	$ 8.7	$ 8.5

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Business Acquisitions - Narrative- 2024 Business Acquisitions (Details) shares in Thousands, $ in Thousands								1 Months Ended	6 Months Ended
	Jul. 12, 2024 USD ($) shares	Jun. 26, 2024 USD ($)	May 01, 2024 USD ($) location day	Feb. 22, 2024 USD ($) location	Jan. 10, 2024 USD ($)	Oct. 03, 2023 USD ($) location	May 23, 2023 USD ($) location	Jul. 31, 2024 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Asset Acquisition [Line Items]
Goodwill									$ 101,859	$ 101,554
Jorgenson's Lounge
Asset Acquisition [Line Items]
Consideration transferred		$ 1,100
Business combination, recognized identifiable assets acquired and liabilities assumed, finite-lived intangibles		800
Goodwill		$ 300
Pending Acquisition
Asset Acquisition [Line Items]
Purchase price advance									15,400
Pending Acquisition \| Forecast
Asset Acquisition [Line Items]
Purchase price advance								$ 2,700
Fairmont Holdings \| Subsequent Event
Asset Acquisition [Line Items]
Consideration transferred	$ 35,000
Shares issued in transaction (in shares) \| shares	3,450
Illinois Gaming Entertainment
Asset Acquisition [Line Items]
Number of locations \| location			16			3	4
Asset acquisition, consideration transferred			$ 13,500			$ 2,300	$ 1,500
Payments to acquire productive assets			11,400
Asset acquisition, consideration transferred, contingent consideration			$ 2,100						$ 2,100
Number of installments \| day			3
Asset acquisition, location contracts			$ 11,600			2,000	1,100
Asset acquisition, gaming equipment			1,600			$ 300	$ 400
Asset acquisition, redemption equipment			300
Illinois Gaming Entertainment \| First Anniversary
Asset Acquisition [Line Items]
Asset acquisition, consideration transferred, contingent consideration			600
Illinois Gaming Entertainment \| Second Anniversary
Asset Acquisition [Line Items]
Asset acquisition, consideration transferred, contingent consideration			600
Illinois Gaming Entertainment \| Third Anniversary
Asset Acquisition [Line Items]
Asset acquisition, consideration transferred, contingent consideration			600
Illinois Gaming Entertainment \| Fourth Anniversary
Asset Acquisition [Line Items]
Asset acquisition, consideration transferred, contingent consideration			$ 700
Great Lakes Vending
Asset Acquisition [Line Items]
Number of locations \| location				1
Asset acquisition, consideration transferred				$ 1,300
Asset acquisition, location contracts				1,200
Asset acquisition, gaming and redemption equipment				$ 100
Doc & Eddy’s
Asset Acquisition [Line Items]
Asset acquisition, consideration transferred					$ 2,300
Asset acquisition, recognized identifiable assets acquired and liabilities assumed, buildings					1,000
Asset acquisition recognized identifiable assets acquired and liabilities assumed intangibles					900
Asset acquisition, recognized identifiable assets acquired and liabilities assumed, land					$ 400

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Preferred stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Class A-1 Common Stock
Common stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, shares issued (in shares)	95,352,477	95,016,960
Common stock, shares outstanding (in shares)	82,958,153	84,123,385

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Fair Value Measurements

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

ASC Topic 820, Fair Value Measurements and Disclosures, establishes a framework for measuring fair value and the corresponding disclosure requirements around fair value measurements. This topic applies to all financial instruments that are being measured and reported on a fair value basis.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, various methods, including market, income and cost approaches, are used. Based on these approaches, certain assumptions are utilized that the market participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable inputs. Valuation techniques are utilized that maximize the use of observable inputs and minimize the use of unobservable inputs. Based on the observability of the inputs used in the valuation techniques, it is required to provide information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories:

Level 1: Valuations for assets and liabilities traded in active exchange markets, such as the NYSE. Level 1 also includes U.S. Treasury and federal agency securities and federal agency mortgage-backed securities, which are traded by dealers or brokers in active markets. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities.

Level 2: Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third-party pricing services for identical or similar assets or liabilities.

Level 3: Valuations for assets and liabilities that are derived from other valuation methodologies, including option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer, or broker traded transactions. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities.

Assets measured at fair value

The following tables summarize the Company’s assets that are measured at fair value on a recurring basis (in thousands):

Fair Value Measurement at Reporting Date Using

June 30, 2024

Quoted Prices in Active Markets for Identical Assets
(Level 1)

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

Assets:

Interest rate caplets

12,531

—

12,531

—

Fair Value Measurement at Reporting Date Using

December 31, 2023

Quoted Prices in Active Markets for Identical Assets
(Level 1)

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

Assets:

Interest rate caplets

13,011

—

13,011

—

Interest rate caplets

The Company determines the fair value of the interest rate caplets using quotes that are based on models whose inputs are observable LIBOR/SOFR forward interest rate curves. The valuation of the interest rate caplets is considered to be a Level 2 fair value measurement as the significant inputs are observable. Unrealized changes in the fair value of the interest rate caplets are classified within other comprehensive income on the accompanying condensed consolidated statements of operations and comprehensive income. Realized gains on the interest rate caplets are recorded to interest expense, net on the accompanying condensed consolidated statements of operations and comprehensive income and included within cash payments for interest, net on the condensed consolidated statements of cash flow.

Liabilities measured at fair value

The following tables summarizes the Company’s liabilities that are measured at fair value on a recurring basis (in thousands):


			Fair Value Measurement at Reporting Date Using
	June 30, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Liabilities:
Contingent consideration	$	11,784	$	—	$	—	$	11,784
Contingent earnout shares	31,801		—		31,801		—
Warrants	13		—		13		—
Total	$	43,598	$	—	$	31,814	$	11,784


			Fair Value Measurement at Reporting Date Using
	December 31, 2023		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Liabilities:
Contingent consideration	$	5,484	$	—	$	—	$	5,484
Contingent earnout shares	31,827		—		31,827		—
Warrants	13		—		13		—
Total	$	37,324	$	—	$	31,840	$	5,484

Contingent Consideration

The Company uses a discounted cash flow analysis to determine the value of contingent consideration upon acquisition and updates this estimate on a recurring basis. The significant assumptions used in the Company's cash flow analysis includes the probability adjusted projected revenues after state taxes, a discount rate as applicable to each acquisition, and the estimated number of locations that “go live” with the Company during the contingent consideration period. The valuation of the Company's contingent consideration is considered to be a Level 3 fair value measurement as the significant inputs are unobservable and require significant judgment or estimation. Changes in the fair value of contingent consideration liabilities are classified within other expenses, net on the accompanying condensed consolidated statements of operations and comprehensive income.

Contingent earnout shares

The Company determined the fair value of the contingent earnout shares based on the market price of the Company's Class A-1 common stock. The liability, by tranche, is then stated at present value based on i) an interest rate derived from the Company's borrowing rate and the applicable risk-free rate and ii) an estimate on when it expects the contingent earnout shares to convert to Class A-1 common stock. The valuation of the Company's contingent consideration is considered to be a Level 2 fair

value measurement. Changes in the fair value of contingent earnout shares are included within loss (gain) on change in fair value of contingent earnout shares on the accompanying condensed consolidated statements of operations and comprehensive income.

Warrants

The Company has 5,144 warrants outstanding as of June 30, 2024, which will expire in November 2024. The liability for the Company’s warrants is included in other long-term liabilities on the condensed consolidated balance sheets. The Company determined the fair value of its warrants by using a Black-Scholes option-pricing model. The Black-Scholes option-pricing model requires inputs such as the fair value of the Company's Class A-1 common stock, the risk-free interest rate, expected term, expected dividend yield and expected volatility. The Company's valuation of its warrants is considered to be a Level 2 fair value measurement. Changes in the fair value of the warrants are included within gain on change in fair value of warrants on the accompanying condensed consolidated statements of operations and comprehensive income, if applicable. There was no change in the fair value of the warrants for the three and six months ended June 30, 2024 and 2023.

There were no transfers in or out of Level 3 for the periods presented.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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+ Details

Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment consist of the following as of June 30, 2024, and December 31, 2023 (in thousands):


	June 30, 2024		December 31, 2023
Gaming terminals, software and equipment	$	393,445	$	361,662
Amusement, ATM and other equipment	28,879		27,182
Office equipment and furniture	3,803		3,385
Computer equipment and software	21,596		20,592
Leasehold improvements	9,752		8,281
Vehicles	20,746		19,862
Buildings and improvements	16,238		14,047
Land	2,998		2,469
Construction in progress	1,196		5,480
Total property and equipment	498,653		462,960
Less accumulated depreciation and amortization	(222,176)		(202,147)
Total property and equipment, net	$	276,477	$	260,813

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of presentation and preparation	Basis of presentation and preparation: The condensed consolidated financial statements and accompanying notes were prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). The condensed consolidated financial statements include the accounts of the Company and of its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, the condensed consolidated financial statements include all recurring adjustments and normal accruals necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the dates and periods presented. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (the “Form 10-K”). In preparing our condensed consolidated financial statements, we applied the same significant accounting policies as described in Note 2 to the consolidated financial statements in the Form 10-K. Any significant changes to those accounting policies are discussed below. Interim results are not necessarily indicative of results for a full year.
Use of estimates	Use of estimates: The preparation of the condensed consolidated financial statements requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and (iii) the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates used by the Company include, among other things, the useful lives for depreciable and amortizable assets, income tax provisions, the evaluation of the future realization of deferred tax assets, projected cash flows in assessing the initial valuation of intangible assets in conjunction with business acquisitions, the selection of useful lives for depreciable and amortizable assets in conjunction with business acquisitions, the valuation of level 3 investments, the valuation of contingent earnout shares and warrants, the valuation of interest rate caplets, contingencies, and the expected term of share-based compensation awards and stock price volatility when computing stock-based compensation expense. Actual results may differ from those estimates.
Segment information	Segment information: The Company operates as a single reportable segment. The Company’s chief operating decision maker (“CODM”) is the chief executive officer, who has ultimate responsibility for the operating performance of the Company and the allocation of its resources. The CODM assesses the Company’s performance and allocates resources based on consolidated results, and this is the only discrete financial information that is regularly reviewed by the CODM.
Equity method investments	Equity method investments: Investments in unconsolidated affiliates, which do not meet the controlling financial interest consolidation criteria of the authoritative accounting guidance for voting interest or variable interest entities, are accounted for under the equity method. The Company will record its share of net income or loss from equity method investments within “Other non-operating income, net” in the condensed consolidated statements of operations and comprehensive income and adjust the carrying value of its investments in unconsolidated affiliates. On June 17, 2024, the Company invested $5.0 million in HBC Gaming LLC (“HBC”), in exchange for a 5% equity interest in HBC. HBC is a local entertainment company based in Hampton, New Hampshire specializing in providing a variety of gaming services to its customers. The Company’s 5% investment qualifies for equity method accounting. The Company recorded its initial investment of $5.0 million within other assets on the condensed consolidated balance sheets, and will recognize its share of HBC’s net income or loss utilizing the most recent and available financials after a lag of one quarter. The Company also has obligations to fund additional equity investments in the event certain construction and development milestones are met in an amount up to 10% ownership of HBC, on an undiluted basis, at an additional cost of up to $6.5 million.
Revenue recognition	Revenue recognition: The Company generates revenues from the following types of services: gaming terminals, amusements, and ATMs. The Company also generates manufacturing revenue from the sales of gaming terminals and associated software. Revenue is disaggregated by type of revenue and is presented on the face of the condensed consolidated statements of operations and comprehensive income.
Recent accounting pronouncements	Recent accounting pronouncements: On November 27, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires public entities to disclose information about their reportable segments’ significant expenses regularly provided to the CODM. The amendments in this ASU enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss, provide new segment disclosure requirements for entities with a single reportable segment, and contain other disclosure requirements. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Entities must adopt the changes to the segment reporting guidance on a retrospective basis. The Company is currently evaluating the potential effect that this ASU will have on its financial statement disclosures. On December 14, 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid disaggregated by jurisdiction. The new requirements will be effective for annual periods beginning after December 15, 2024, and will be applied on a prospective basis with the option to apply the standard retrospectively. The Company is currently evaluating the potential effect that this ASU will have on its financial statement disclosures. Other recently issued accounting standards or pronouncements have been excluded because they are either not relevant to the Company, or are not expected to have, or did not have, a material effect on its condensed consolidated financial statements.

- Definition

Disclosure of accounting policy for revenue from contract with customer.

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- Definition

Disclosure of accounting policy for segment reporting.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Components of Basic and Diluted EPS

The components of basic and diluted earnings per share (“EPS”) were as follows for the three and six months ended June 30 (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023

Net income	$	14,586	$	9,983	$	22,002	$	19,165



Basic weighted average outstanding shares of common stock	83,911		86,184		84,105		86,529
Dilutive effect of stock-based awards for common stock	1,143		636		1,073		442



Diluted weighted average outstanding shares of common stock	85,054		86,820		85,178		86,971

Earnings per common share:
Basic	$	0.17	$	0.12	$	0.26	$	0.22
Diluted	$	0.17	$	0.11	$	0.26	$	0.22

Summary of Significant Accounting Policies- Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total net revenues	$ 309,413	$ 292,647	$ 611,230	$ 585,855
Illinois
Disaggregation of Revenue [Line Items]
Total net revenues	227,093	215,947	451,956	435,790
Montana
Disaggregation of Revenue [Line Items]
Total net revenues	42,583	39,275	80,724	75,726
Nevada
Disaggregation of Revenue [Line Items]
Total net revenues	29,322	29,869	58,531	59,830
Nebraska
Disaggregation of Revenue [Line Items]
Total net revenues	6,249	4,488	12,083	8,412
Other
Disaggregation of Revenue [Line Items]
Total net revenues	$ 4,166	$ 3,068	$ 7,936	$ 6,097

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

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+ Details

Location Contracts Acquired (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Location Contracts Acquired

Location contracts acquired consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands):


	June 30, 2024		December 31, 2023
Cost	$	300,520	$	286,728
Accumulated amortization	(119,170)		(110,417)
Location contracts acquired, net	$	181,350	$	176,311

Other intangible assets consist of the following as of June 30, 2024 and December 31, 2023 (in thousands):


		June 30, 2024						December 31, 2023
	Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount

Customer Relationships	7 years	$	6,800	$	(2,024)	$	4,776	$	6,800	$	(1,538)	$	5,262
Software Applications	8 years	7,800		(2,031)		5,769		7,800		(1,544)		6,256
Trade Names	20 years	9,800		(1,021)		8,779		9,800		(776)		9,024
		$	24,400	$	(5,076)	$	19,324	$	24,400	$	(3,858)	$	20,542

Debt

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Debt

The Company’s debt as of June 30, 2024 and December 31, 2023, consisted of the following (in thousands):


	June 30, 2024		December 31, 2023
Senior Secured Credit Facility:
Revolving credit facility	$	82,500	$	46,000
Term Loan	301,875		310,625
Delayed Draw Term Loan	183,750		188,750
Total borrowings	568,125		545,375
Add: Remaining premium on interest rate caplets financed as debt	1,571		2,059
Less: Debt issuance costs	(3,955)		(4,860)
Total debt, net of debt issuance costs	565,741		542,574
Less: Current maturities	(28,489)		(28,483)
Total debt, net of current maturities	$	537,252	$	514,091

As of June 30, 2024, the weighted-average interest rate on the Company’s borrowings was approximately 7.7%.

Interest rate caplets

The Company manages its exposure to some of its interest rate risk through the use of interest rate caplets, which are derivative financial instruments. On January 12, 2022, the Company hedged the variability of the cash flows attributable to changes in the 1-month LIBOR/SOFR interest rates on the first $300 million of the term loan under the Company’s existing credit agreement, as amended, by entering into a 4-year series of 48 deferred premium caplets (“caplets”)

The Company recognized an unrealized loss, net of taxes, on the change in fair value of the caplets of $1.1 million and an unrealized gain of less than $0.1 million for the three and six months ended June 30, 2024, respectively. In comparison, the Company recognized an unrealized gain of $2.1 million and an unrealized loss of $0.1 million, net of taxes, for the three and six months ended June 30, 2023, respectively. For more information on how the Company determines the fair value of the caplets, see Note 12. The Company also recognized interest income on the caplets of $2.5 million and $5.1 million for the three and six months ended June 30, 2024. In comparison, the Company recognized interest income on the caplets of $2.3 million and $4.2 million for the three and six months ended June 30, 2023, respectively. These amounts are reflected in interest expense, net in the condensed consolidated statements of operations and other comprehensive income.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Contingent Earnout Share Liability (Details) $ / shares in Units, $ in Millions		6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2024 day $ / shares shares	Dec. 31, 2020 shares	Dec. 31, 2019 tranche shares	Nov. 20, 2019 shares
Tranche III - LTM EBITDA or 20 trading days in consecutive 30 day trading period
Business Acquisition, Contingent Consideration [Line Items]
Maximum stock price of common stock before conversion (in usd per share) \| $ / shares	$ 16.00	$ 16.00
Business combinations and dispositions, consideration transferred and received, threshold \| $	$ 198.6
Tranche II - LTM EBITDA or 20 trading days in consecutive 30 day trading period
Business Acquisition, Contingent Consideration [Line Items]
Maximum stock price of common stock before conversion (in usd per share) \| $ / shares	$ 14.00	$ 14.00
Class A-2 Common Stock
Business Acquisition, Contingent Consideration [Line Items]
Class A-1 common stock reserved for issuance (in shares)					10,000,000
Class A-2 Common Stock \| Tranche III - LTM EBITDA or 20 trading days in consecutive 30 day trading period
Business Acquisition, Contingent Consideration [Line Items]
Number of shares converted (in shares)	1,666,667	1,666,667	1,666,636
Threshold trading days \| day		20
Threshold consecutive trading days \| day		30
Class A-2 Common Stock \| Tranche I - EBITDA for last 12 months or 20 trading days in consecutive 30 day trading period
Business Acquisition, Contingent Consideration [Line Items]
Number of shares converted (in shares)			1,666,666
Class A-2 Common Stock \| Tranche II - LTM EBITDA or 20 trading days in consecutive 30 day trading period
Business Acquisition, Contingent Consideration [Line Items]
Number of shares converted (in shares)	1,666,667	1,666,667
Threshold trading days \| day		20
Threshold consecutive trading days \| day		30
Class A-2 Common Stock \| Common Stock
Business Acquisition, Contingent Consideration [Line Items]
Shares issued (in shares)				5,000,000
Number of tranches upon satisfaction \| tranche				3

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Lawsuits and claims are filed against the Company from time to time in the ordinary course of business, including related to employee matters, employment of professionals and non-compete clauses and agreements. Other than settled matters explained as follows, these actions are in various stages, and no judgments or decisions have been rendered. Management, after reviewing matters with legal counsel, believes that the outcome of such matters will not have a material adverse effect on the Company’s financial position or results of operations. The Company has been involved in a series of related litigated matters stemming from claims that it wrongly contracted with 10 different licensed establishments (the “Defendant Establishments”) in 2012 in violation of the contractual rights held by J&J Ventures Gaming, LLC (“J&J”), as further described below. On August 21, 2012, one of the Company’s operating subsidiaries entered into certain agreements with Jason Rowell (“Rowell”), a member of Action Gaming LLC (“Action Gaming”), which was an unlicensed terminal operator that had exclusive rights to place and operate gaming terminals within a number of establishments, including the Defendant Establishments. Under agreements with Rowell, the Company agreed to pay him for each licensed establishment which decided to enter into an exclusive location agreement with Accel. In late August and early September 2012, each of the Defendant Establishments signed a separate location agreement with the Company, purporting to grant the Company the exclusive right to operate gaming terminals in those establishments. Separately, on August 24, 2012, Action Gaming sold and assigned its rights to all its location agreements to J&J, including its exclusive rights with the Defendant Establishments (the “J&J Assigned Agreements”). At the time of the assignment of such rights to J&J, the Defendant Establishments were not yet licensed by the IGB. Action Gaming, J&J, and other parties, collectively, the Plaintiffs, filed a complaint against the Company, Rowell, and other parties in the Circuit Court of Cook County, Illinois (the “Circuit Court”), on August 31, 2012, as amended on November 1, 2012, December 19, 2012, and October 3, 2013, alleging, among other things, that Accel aided and abetted Rowell in breaches of his fiduciary duties and contractual obligations with Action Gaming and tortiously interfered with Action Gaming’s contracts with Rowell and agreements assigned to J&J. The complaint seeks damages and injunctive and equitable relief. On January 24, 2018, the Company filed a motion to dismiss for lack of subject matter jurisdiction, as further described below. On May 14, 2018, the Circuit Court denied the Company’s motion to dismiss and granted a stay to the case, pending a ruling from the IGB on the validity of the J&J Assigned Agreements. From 2013 to 2015, the Plaintiffs filed additional claims, including J&J Ventures Gaming, LLC et al. v. Wild, Inc. (“Wild”), in various circuit courts seeking declaratory judgments with a number of establishments, including each of the Defendant Establishments, requesting declarations that, among other things, J&J held the exclusive right to operate gaming terminals at each of the Defendant Establishments as a result of the J&J Assigned Agreements. The Company was granted leave to intervene in all of the declaratory judgments. The circuit courts found that the J&J Assigned Agreements were valid because each of the underlying location agreements were between an unlicensed establishment and an unlicensed terminal operator, and therefore did not constitute use agreements that were otherwise precluded from assignment under the IGB’s regulations. Upon the Company’s appeal, the Illinois Appellate Court, Fifth District (the “District Court”), vacated the circuit courts’ judgments and dismissed the appeals, holding that the IGB had exclusive jurisdiction over the matter that formed the basis of the parties’ claims, and declined to consider the merits of the parties’ disputes. On September 22, 2016, and after the IGB intervened, the Supreme Court of Illinois issued a judgment in Wild, affirming the District Court’s decision vacating the circuit courts’ judgments for lack of subject matter jurisdiction and dismissing the appeals, determining that the IGB has exclusive jurisdiction to decide the validity and enforceability of gaming terminal use agreements. Between May 2017 and September 2017, both the Company and J&J filed petitions with the IGB seeking adjudication of the rights of the parties and the validity of the use agreements. Those petitions were recently adjudicated by the IGB, largely in the Company’s favor, and J&J has filed a new lawsuit to challenge the IGB’s rulings. The Company does not have a present estimate regarding the potential damages, if any, that could potentially be awarded in this litigation and, accordingly, has established no reserves relating to such matters. There are also petitions pending with the IGB which could lead to the Company obtaining new locations. On October 7, 2019, the Company filed a lawsuit in the Circuit Court of Cook County, Illinois against Rowell and other parties related to Rowell’s breaches of his non-compete agreement with Accel. The Company alleged that Rowell and a competitor were working together to interfere with the Company’s customer relationships. On November 7, 2019, Rowell filed a lawsuit in the Circuit Court of Cook County, Illinois against the Company alleging that he had not received certain equity interests in the Company to which he was allegedly entitled under his agreement. On July 18, 2024, the Company and Rowell entered into a settlement agreement pursuant to which the Company agreed to pay Rowell $0.1 million in exchange for a mutual release of the Company's claims against Rowell and Rowell's claims against the Company. The litigation involving Action Gaming, J&J, and the other parties, as described above, remains pending. On July 2, 2019, Illinois Gaming Investors, LLC filed a lawsuit against the Company. The lawsuit alleges that a current employee violated his non-competition agreement with Illinois Gaming Investors, LLC, and together with the Company, wrongfully solicited prohibited licensed video gaming locations. The parties settled this dispute in April 2022. On December 18, 2020, the Company received a disciplinary complaint from the IGB alleging violations of the Video Gaming Act and the IGB’s Adopted Rules for Video Gaming. The disciplinary complaint sought to fine the Company in the amount of $5 million. On July 6, 2023, the IGB and the Company entered into a settlement agreement for $1.1 million of which $1.0 million is the fine for the alleged conduct and $0.1 million is for reimbursement of administrative and investigative costs. The amount was paid in the third quarter of 2023. As a result of the settlement agreement, the Company has agreed to review similar initiatives with the IGB before implementing a new program or making any public announcements, require additional annual training of its employees, and provide additional compliance disclosures to the IGB. On March 9, 2022, the Company filed a lawsuit in the Circuit Court of Cook County, Illinois against Gold Rush relating to the Gold Rush convertible notes. The complaint sought damages for breach of contract and the implied covenant of good faith and fair dealing as well as unjust enrichment. On June 22, 2022, Gold Rush filed a lawsuit in the Circuit Court of Cook County, Illinois against the Company. The lawsuit alleged that the Company tortiously interfered with Gold Rush’s business activities and engaged in misconduct with respect to the Gold Rush convertible notes. On April 22, 2022, the Company filed a petition in the Circuit Court of Cook County, Illinois to judicially review the IGB's decision to deny the requested transfer of Gold Rush common stock in respect of the Company’s conversion of the convertible notes. Discovery ensued on these lawsuits but both suits were dismissed with prejudice as a result of the previously mentioned settlement between the Company and Gold Rush on the convertible notes. The Company also withdrew its petition to judicially review the IGB's decision. For more information, see Note 4. On March 25, 2022, Midwest Electronics Gaming LLC (“Midwest”) filed an administrative review action against the Illinois Gaming Board, the Company and J&J in the Circuit Court of Cook County, Illinois seeking administrative review of decisions of the IGB ruling in favor of the Company and J&J and against Midwest regarding the validity of certain use agreements covering locations currently serviced by Midwest. No monetary damages are sought against the Company. The Company filed a motion to dismiss Midwest’s amended complaint, which was granted in part and denied in part. In July 2022, an enforcement action was brought against the Company by an Illinois municipality related to an alleged violation of an ordinance requiring the collection of an additional tax, the enforceability of which is currently being contested by the Illinois Gaming Machine Operators Association. Rather than litigate the alleged violation, the Company pled no contest and paid an initial penalty to the municipality in October 2022 and for the remaining months of 2022. The Company continued to negotiate with and voluntarily make the appropriate payments to the municipality during 2023 and 2024. In February 2023, an Illinois municipality issued an order against the Company for the alleged failure to pay a terminal operator tax (“TO Tax”) for the privilege of operating gaming terminals within the municipality. The TO Tax was adopted by the municipality on June 8, 2021, but there was no enforcement of this tax until the Company was issued a notice of hearing in February 2023. In April 2023, the Company, along with numerous other terminal operators, filed a complaint in the Circuit Court of Cook County, Illinois contesting the validity and enforceability of the TO Tax and won a temporary restraining order to stay the order. Currently, the matter remains pending as a result of a motion to consolidate and to finalize the assignment of the judge. The results for the six months ended June 30, 2024 and June 30, 2023 included a loss of $0.2 million and $1.2 million, respectively, related to these matters and is included within general and administrative expenses in the condensed consolidated statements of operations and other comprehensive income.

Route and Customer Acquisition Costs - Route and Customer Acquisition Costs (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Cost	$ 38,927	$ 33,855
Accumulated amortization	(15,222)	(14,667)
Route and customer acquisition costs, net	$ 23,705	$ 19,188

Earnings Per Share

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Earnings Per Share

The components of basic and diluted earnings per share (“EPS”) were as follows for the three and six months ended June 30 (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023

Net income	$	14,586	$	9,983	$	22,002	$	19,165



Basic weighted average outstanding shares of common stock	83,911		86,184		84,105		86,529
Dilutive effect of stock-based awards for common stock	1,143		636		1,073		442



Diluted weighted average outstanding shares of common stock	85,054		86,820		85,178		86,971

Earnings per common share:
Basic	$	0.17	$	0.12	$	0.26	$	0.22
Diluted	$	0.17	$	0.11	$	0.26	$	0.22

Anti-dilutive stock-based awards, contingent earnout shares and warrants excluded from the calculations of diluted EPS were 4,340,250 and 4,818,079 as of June 30, 2024 and 2023, respectively.

Fair Value Measurements - Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate caplets	$ 8,801	$ 8,140
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate caplets	12,531	13,011
Fair Value, Recurring \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate caplets	0	0
Fair Value, Recurring \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate caplets	12,531	13,011
Fair Value, Recurring \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate caplets	$ 0	$ 0

Summary of Significant Accounting Policies - Narrative (Details) - HBC Gaming LLC $ in Millions	Jun. 17, 2024 USD ($)
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 5.0
Ownership percentage	5.00%
Triggering event ownership percentage	10.00%
Additional investment	$ 6.5

- Definition

This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.

+ References + Details

Route and Customer Acquisition Costs

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Route and Customer Acquisition Costs

The Company enters into contracts with third parties and its gaming locations to install and operate gaming terminals. Payments are due when gaming operations commence and then on a periodic basis for a specified period of time thereafter. Gross payments due, based on the number of live locations, were approximately $11.4 million and $7.4 million as of June 30, 2024 and December 31, 2023, respectively. Payments are due over varying terms of the individual agreements and are discounted at the Company’s incremental borrowing rate associated with its long-term debt at the time the contract is acquired. The net present value of payments due was $9.5 million and $6.5 million as of June 30, 2024 and December 31, 2023, respectively, of which approximately $2.0 million and $1.5 million was included in current liabilities in the accompanying condensed consolidated balance sheets as of June 30, 2024 and December 31, 2023, respectively. The route and customer acquisition cost asset was comprised of upfront payments made on the contracts of $22.1 million and $20.0 million as of June 30, 2024 and December 31, 2023, respectively. The Company has upfront payments of commissions paid to the third parties for the acquisition of the customer contracts that are subject to a clawback provision if the customer cancels the contract prior to completion. The payments subject to a clawback were $1.4 million and $1.0 million as of June 30, 2024 and December 31, 2023, respectively.

Route and customer acquisition costs consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands):


	June 30, 2024		December 31, 2023
Cost	$	38,927	$	33,855
Accumulated amortization	(15,222)		(14,667)
Route and customer acquisition costs, net	$	23,705	$	19,188

Amortization expense of route and customer acquisition costs was $0.6 million and $1.1 million for the three and six months ended June 30, 2024, respectively. In comparison, amortization expense of route and customer acquisition costs was $0.4 million and $0.8 million for the three and six months ended June 30, 2023, respectively.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets Measured on Recurring Basis

The following tables summarize the Company’s assets that are measured at fair value on a recurring basis (in thousands):

Fair Value Measurement at Reporting Date Using

June 30, 2024

Quoted Prices in Active Markets for Identical Assets
(Level 1)

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

Assets:

Interest rate caplets

12,531

—

12,531

—

Fair Value Measurement at Reporting Date Using

December 31, 2023

Quoted Prices in Active Markets for Identical Assets
(Level 1)

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

Assets:

Interest rate caplets

13,011

—

13,011

—

Schedule of Liabilities Measured on a Recurring Basis

The following tables summarizes the Company’s liabilities that are measured at fair value on a recurring basis (in thousands):


			Fair Value Measurement at Reporting Date Using
	June 30, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Liabilities:
Contingent consideration	$	11,784	$	—	$	—	$	11,784
Contingent earnout shares	31,801		—		31,801		—
Warrants	13		—		13		—
Total	$	43,598	$	—	$	31,814	$	11,784


			Fair Value Measurement at Reporting Date Using
	December 31, 2023		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Liabilities:
Contingent consideration	$	5,484	$	—	$	—	$	5,484
Contingent earnout shares	31,827		—		31,827		—
Warrants	13		—		13		—
Total	$	37,324	$	—	$	31,840	$	5,484

Business Acquisitions (Tables)

6 Months Ended

Jun. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Consideration Payable

Current and long-term portions of consideration payable consist of the following as of June 30, 2024 and December 31, 2023 (in thousands):


	June 30, 2024				December 31, 2023
	Current		Long-Term		Current		Long-Term
TAV*	$	1,013	$	—	$	2,005	—
Fair Share Gaming*	879		3,821		504		92

Skyhigh*	564		4,251		528		3,941


IVSM	97		174		94		168
IGE	565		1,548		—		—

Tom's Amusements*	57		—		57		—


Island*	100		—		100		—


Total	$	3,275	$	9,794	$	3,288	$	4,201

* Acquisitions that occurred prior to 2023.

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Jun. 26, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Acquired Indefinite-Lived Intangible Assets [Line Items]
Goodwill		$ 101,859		$ 101,859		$ 101,554
Tax exempt portion of goodwill		37,400		37,400
Amortization of intangible assets		600	$ 1,200	600	$ 1,200
Jorgenson's Lounge
Acquired Indefinite-Lived Intangible Assets [Line Items]
Goodwill	$ 300
Consideration transferred	$ 1,100
Operating Licenses
Acquired Indefinite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets (excluding goodwill)		$ 4,400		$ 4,400		$ 2,800
Minimum
Acquired Indefinite-Lived Intangible Assets [Line Items]
Expected useful life of intangibles (in years)		7 years		7 years
Maximum
Acquired Indefinite-Lived Intangible Assets [Line Items]
Expected useful life of intangibles (in years)		20 years		20 years

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Parenthetical) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Income taxes for unrealized (loss) gain on interest rate caplets	$ (403)	$ 789	$ 2	$ (40)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive Income	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2022		86,674,390
Beginning balance at Dec. 31, 2022	$ 178,590	$ 9	$ 194,157	$ (81,697)	$ 12,240	$ 53,881
Beginning balance (in shares) at Dec. 31, 2022				(7,829,661)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common stock (in shares)		(476,718)		(476,718)
Repurchase of common stock	(4,206)			$ (4,206)
Stock-based compensation	1,688		1,688
Exercise of stock-based awards, net of shares withheld (in shares)		247,153
Exercise of stock-based awards, net of shares withheld	(602)		(602)
Unrealized gain (loss) on interest rate caplets, net of taxes	(2,166)				(2,166)
Net income	9,182					9,182
Ending balance (in shares) at Mar. 31, 2023		86,444,825
Ending balance at Mar. 31, 2023	182,486	$ 9	195,243	$ (85,903)	10,074	63,063
Ending balance (in shares) at Mar. 31, 2023				(8,306,379)
Beginning balance (in shares) at Dec. 31, 2022		86,674,390
Beginning balance at Dec. 31, 2022	178,590	$ 9	194,157	$ (81,697)	12,240	53,881
Beginning balance (in shares) at Dec. 31, 2022				(7,829,661)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unrealized gain (loss) on interest rate caplets, net of taxes	(104)
Net income	19,165
Ending balance (in shares) at Jun. 30, 2023		85,605,725
Ending balance at Jun. 30, 2023	188,748	$ 9	197,690	$ (94,133)	12,136	73,046
Ending balance (in shares) at Jun. 30, 2023				(9,193,553)
Beginning balance (in shares) at Mar. 31, 2023		86,444,825
Beginning balance at Mar. 31, 2023	182,486	$ 9	195,243	$ (85,903)	10,074	63,063
Beginning balance (in shares) at Mar. 31, 2023				(8,306,379)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common stock (in shares)		(887,174)		(887,174)
Repurchase of common stock	(8,230)			$ (8,230)
Stock-based compensation	2,567		2,567
Exercise of stock-based awards, net of shares withheld (in shares)		48,074
Exercise of stock-based awards, net of shares withheld	(120)		(120)
Unrealized gain (loss) on interest rate caplets, net of taxes	2,062				2,062
Net income	9,983					9,983
Ending balance (in shares) at Jun. 30, 2023		85,605,725
Ending balance at Jun. 30, 2023	188,748	$ 9	197,690	$ (94,133)	12,136	73,046
Ending balance (in shares) at Jun. 30, 2023				(9,193,553)
Beginning balance (in shares) at Dec. 31, 2023		84,123,385
Beginning balance at Dec. 31, 2023	198,404	$ 8	203,046	$ (112,070)	7,936	99,484
Beginning balance (in shares) at Dec. 31, 2023				(10,893,575)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common stock (in shares)		(594,817)		(594,817)
Repurchase of common stock	(6,182)			$ (6,182)
Stock-based compensation	2,350		2,350
Exercise of stock-based awards, net of shares withheld (in shares)		249,700
Exercise of stock-based awards, net of shares withheld	(940)		(940)
Unrealized gain (loss) on interest rate caplets, net of taxes	1,081				1,081
Net income	7,416					7,416
Ending balance (in shares) at Mar. 31, 2024		83,778,268
Ending balance at Mar. 31, 2024	202,129	$ 8	204,456	$ (118,252)	9,017	106,900
Ending balance (in shares) at Mar. 31, 2024				(11,488,392)
Beginning balance (in shares) at Dec. 31, 2023		84,123,385
Beginning balance at Dec. 31, 2023	198,404	$ 8	203,046	$ (112,070)	7,936	99,484
Beginning balance (in shares) at Dec. 31, 2023				(10,893,575)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unrealized gain (loss) on interest rate caplets, net of taxes	4
Net income	22,002
Ending balance (in shares) at Jun. 30, 2024		82,958,153
Ending balance at Jun. 30, 2024	209,088	$ 8	207,199	$ (127,545)	7,940	121,486
Ending balance (in shares) at Jun. 30, 2024				(12,394,324)
Beginning balance (in shares) at Mar. 31, 2024		83,778,268
Beginning balance at Mar. 31, 2024	202,129	$ 8	204,456	$ (118,252)	9,017	106,900
Beginning balance (in shares) at Mar. 31, 2024				(11,488,392)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common stock (in shares)		(905,932)		(905,932)
Repurchase of common stock	(9,293)			$ (9,293)
Stock-based compensation	3,235		3,235
Exercise of stock-based awards, net of shares withheld (in shares)		85,817
Exercise of stock-based awards, net of shares withheld	(492)		(492)
Unrealized gain (loss) on interest rate caplets, net of taxes	(1,077)				(1,077)
Net income	14,586					14,586
Ending balance (in shares) at Jun. 30, 2024		82,958,153
Ending balance at Jun. 30, 2024	$ 209,088	$ 8	$ 207,199	$ (127,545)	$ 7,940	$ 121,486
Ending balance (in shares) at Jun. 30, 2024				(12,394,324)

Investment in Convertible Notes	6 Months Ended
Investment in Convertible Notes	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investment in Convertible Notes	Investment in Convertible Notes On May 31, 2023, the Company and Gold Rush Amusements, Inc. (“Gold Rush”), another terminal operator in Illinois, entered into a settlement agreement which resolved any and all lawsuits and all outstanding obligations under the Company’s investment in Gold Rush’s convertible notes. As part of the settlement, the Company received $32.5 million from Gold Rush in June 2023, which included the repayment of the face value of the convertible notes plus accrued interest as well as a $0.4 million prepayment on future amounts due. In addition, the Company has a receivable from Gold Rush of $1.4 million as of June 30, 2024, which represents the present value of the remaining $1.5 million due from Gold Rush by May 2025, and is presented within other current assets in the condensed consolidated balance sheets. The Company also recorded a gain of $1.7 million in the second quarter of 2023, which is included in other expenses, net on the condensed consolidated statements of operations and comprehensive income for the three and six months ended June 30, 2023.

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income	$ 14,586	$ 7,416	$ 9,983	$ 9,182	$ 22,002	$ 19,165

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following is a roll forward of the Company's goodwill (in thousands):


Goodwill balance as of January 1, 2024	$	101,554
Addition to goodwill for acquisition of Jorgenson’s Lounge	305
Goodwill balance as of June 30, 2024	$	101,859

Schedule of Location Contracts Acquired

Location contracts acquired consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands):


	June 30, 2024		December 31, 2023
Cost	$	300,520	$	286,728
Accumulated amortization	(119,170)		(110,417)
Location contracts acquired, net	$	181,350	$	176,311

Other intangible assets consist of the following as of June 30, 2024 and December 31, 2023 (in thousands):


		June 30, 2024						December 31, 2023
	Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount

Customer Relationships	7 years	$	6,800	$	(2,024)	$	4,776	$	6,800	$	(1,538)	$	5,262
Software Applications	8 years	7,800		(2,031)		5,769		7,800		(1,544)		6,256
Trade Names	20 years	9,800		(1,021)		8,779		9,800		(776)		9,024
		$	24,400	$	(5,076)	$	19,324	$	24,400	$	(3,858)	$	20,542

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
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+ Details

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 498,653		$ 498,653		$ 462,960
Less accumulated depreciation and amortization	(222,176)		(222,176)		(202,147)
Total property and equipment, net	276,477		276,477		260,813
Depreciation and amortization of property and equipment	10,800	$ 9,400	21,228	$ 18,509
Gaming terminals, software and equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	393,445		393,445		361,662
Amusement, ATM and other equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	28,879		28,879		27,182
Office equipment and furniture
Property, Plant and Equipment [Line Items]
Total property and equipment	3,803		3,803		3,385
Computer equipment and software
Property, Plant and Equipment [Line Items]
Total property and equipment	21,596		21,596		20,592
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	9,752		9,752		8,281
Vehicles
Property, Plant and Equipment [Line Items]
Total property and equipment	20,746		20,746		19,862
Buildings and improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	16,238		16,238		14,047
Land
Property, Plant and Equipment [Line Items]
Total property and equipment	2,998		2,998		2,469
Construction in progress
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 1,196		$ 1,196		$ 5,480

Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The Company acquired various companies which were accounted for as a business combination using the acquisition method of accounting in accordance with Accounting Standards Codification (“ASC”) Topic 805, Business Combinations (“Topic 805”). The total excess of the purchase price over the tangible and intangible assets acquired and liabilities assumed was recorded as goodwill of $101.9 million and $101.6 million as of June 30, 2024 and December 31, 2023, respectively, of which $37.4 million was deductible for tax purposes as of June 30, 2024.

On June 26, 2024, the Company acquired BRM Services, Inc. (“Jorgenson’s Lounge”), a hospitality location in Helena, Montana, for a total purchase price of $1.1 million. The purchase price primarily included a Montana All-Alcoholic Beverage License.

The following is a roll forward of the Company's goodwill (in thousands):


Goodwill balance as of January 1, 2024	$	101,554
Addition to goodwill for acquisition of Jorgenson’s Lounge	305
Goodwill balance as of June 30, 2024	$	101,859

Other intangible assets

Other intangible assets consist of definite-lived trade names, customer relationships, and software applications. The Company determines the fair value of trade name assets acquired in acquisitions using a relief from royalty valuation method which requires assumptions such as projected revenue and a royalty rate. Other intangible assets are amortized over their estimated 7 to 20-year useful lives.

Other intangible assets consist of the following as of June 30, 2024 and December 31, 2023 (in thousands):


		June 30, 2024						December 31, 2023
	Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount

Customer Relationships	7 years	$	6,800	$	(2,024)	$	4,776	$	6,800	$	(1,538)	$	5,262
Software Applications	8 years	7,800		(2,031)		5,769		7,800		(1,544)		6,256
Trade Names	20 years	9,800		(1,021)		8,779		9,800		(776)		9,024
		$	24,400	$	(5,076)	$	19,324	$	24,400	$	(3,858)	$	20,542

Amortization expense of other intangible assets was $0.6 million and $1.2 million for both the three and six months ended June 30, 2024, and June 30, 2023, respectively.

Indefinite-lived intangible assets

The Company also has indefinite-lived intangible assets related to operating licenses totaling $4.4 million and $2.8 million as of June 30, 2024 and December 31, 2023, respectively, which are recorded within other assets on the condensed consolidated balance sheets.

Fair Value Measurements - Liabilities Measured on a Recurring Basis (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ 11,784	$ 5,484
Contingent earnout shares	31,801	31,827
Warrants	13	13
Total	43,598	37,324
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	0	0
Contingent earnout shares	0	0
Warrants	0	0
Total	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	0	0
Contingent earnout shares	31,801	31,827
Warrants	13	13
Total	31,814	31,840
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	11,784	5,484
Contingent earnout shares	0	0
Warrants	0	0
Total	$ 11,784	$ 5,484

Stock-based Compensation	6 Months Ended
Stock-based Compensation	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation	Stock-based Compensation The Company grants various types of stock-based compensation awards. The Company measures its stock-based compensation expense based on the grant date fair value of the award and recognizes the expense over the requisite service period for the respective award. Under the Accel Entertainment, Inc. Long Term Incentive Plan, the Company issued 319,731 restricted stock units (“RSUs”) to the Board of Directors and certain eligible employees during the first quarter of 2024, which will vest over a period of 3 to 4 years for employees and by the end of 2024 for the Board of Directors. The Company also issued 149,381 performance-based restricted stock units (“PSUs”) to certain eligible employees during the first quarter of 2024, which will vest after 3 years. The numbers of shares earned upon vesting of the PSUs, if any, is based on the attainment of performance goals over the performance period, subject to continued service, except for employees who are retirement eligible and in certain other limited circumstances. The estimated grant date fair value of these RSUs and PSUs totaled $5.3 million. The Company issued 403,760 RSUs to certain eligible employees during the second quarter of 2024, which will vest over a period of 1 to 3 years. The estimated grant date fair value of these RSUs totaled $4.0 million. Stock-based compensation expense, which pertains to the Company’s stock options, RSUs and PSUs, was $3.2 million and $5.6 million for the three and six months ended June 30, 2024, respectively. In comparison, stock-based compensation expense was $2.6 million and $4.3 million for the three and six months ended June 30, 2023, respectively. Stock-based compensation expense is included within general and administrative expenses in the condensed consolidated statements of operations and other comprehensive income.

Debt - Narrative (Details)		3 Months Ended				6 Months Ended
Debt - Narrative (Details)	Jan. 12, 2022 USD ($) caplet	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Debt Instrument [Line Items]
Unrealized (loss) gain on interest rate caplets, net of tax		$ (1,077,000)	$ 1,081,000	$ 2,062,000	$ (2,166,000)	$ 4,000	$ (104,000)
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, after tax		$ 2,500,000		$ 2,300,000		$ 5,100,000	$ 4,200,000
Credit Agreement, Amendment \| Revolving credit facility
Debt Instrument [Line Items]
Weighted-average interest rate (as a percent)		7.70%				7.70%
Credit Agreement, Amendment \| Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 300,000,000
Debt instrument, term	4 years
Number of deferred premium caplets \| caplet	48

Route and Customer Acquisition Costs (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Route and Customer Acquisition Costs

Route and customer acquisition costs consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands):


	June 30, 2024		December 31, 2023
Cost	$	38,927	$	33,855
Accumulated amortization	(15,222)		(14,667)
Route and customer acquisition costs, net	$	23,705	$	19,188

Route and Customer Acquisition Costs - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Gross payments due	$ 11,400		$ 11,400		$ 7,400
Net present value of payments due	9,500		9,500		6,500
Current portion of payments due	2,014		2,014		1,505
Customer acquisition cost asset	22,100		22,100		20,000
Capitalized contract cost, subject to claw back	1,400		1,400		$ 1,000
Amortization expense on route and customer acquisition costs	$ 600	$ 400	$ 1,100	$ 800

Inventories (Tables)

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories consist of the following as of June 30, 2024 and December 31, 2023 (in thousands):


	June 30, 2024		December 31, 2023
Raw materials and manufacturing supplies	$	6,103	$	5,693
Finished products	1,430		1,988
Total inventories	$	7,533	$	7,681

Description of Business	6 Months Ended
Description of Business	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Accel Entertainment, Inc. (and together with its subsidiaries, the “Company” or “Accel”) is a leading distributed gaming operator in the United States (“U.S.”). The Company has operations in Illinois, Montana, Nevada, Nebraska, Georgia, Iowa, and Pennsylvania. The Company is subject to the various gaming regulations in the states in which it operates, as well as various other federal, state and local laws and regulations. The Company’s business primarily consists of the installation, maintenance, operation and servicing of gaming terminals and related equipment, redemption devices that disburse winnings and contain automated teller machine (“ATM”) functionality, and amusement devices in authorized non-casino locations such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. The Company also operates stand-alone ATMs in gaming and non-gaming locations.

Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The Company’s debt as of June 30, 2024 and December 31, 2023, consisted of the following (in thousands):


	June 30, 2024		December 31, 2023
Senior Secured Credit Facility:
Revolving credit facility	$	82,500	$	46,000
Term Loan	301,875		310,625
Delayed Draw Term Loan	183,750		188,750
Total borrowings	568,125		545,375
Add: Remaining premium on interest rate caplets financed as debt	1,571		2,059
Less: Debt issuance costs	(3,955)		(4,860)
Total debt, net of debt issuance costs	565,741		542,574
Less: Current maturities	(28,489)		(28,483)
Total debt, net of current maturities	$	537,252	$	514,091

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
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-Topic 210
-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
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-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 30
-Name Accounting Standards Codification
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-Paragraph 2
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Business Acquisitions

6 Months Ended

Jun. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Business Acquisitions

2024 Business Acquisitions

Jorgenson’s Lounge

On June 26, 2024, the Company acquired Jorgenson’s Lounge, a hospitality location in Helena, Montana. The total purchase price was $1.1 million, which the Company paid in cash at closing. The acquisition was accounted for as a business combination in accordance with Topic 805. The purchase price was allocated to the following assets: i) indefinite-lived intangible assets totaling $0.8 million, and ii) goodwill totaling $0.3 million. The results of operations Jorgenson’s Lounge are included in the condensed consolidated financial statements of the Company from the date of acquisition and were not material.

Illinois Gaming Entertainment

On May 1, 2024, the Company acquired certain assets of Illinois Gaming Entertainment LLC (“IGE”), an Illinois-based terminal operator. The Company acquired 16 operational locations, as well as gaming equipment. The acquisition was accounted for as an asset acquisition in accordance with Topic 805. The aggregate purchase consideration transferred totaled $13.5 million, which included i) $11.4 million in cash at closing and ii) contingent purchase consideration with an estimated fair value of $2.1 million. The contingent purchase consideration represents three installments of $0.6 million which are due on the first, second and third anniversary of the acquisition with $0.7 million due on the fourth anniversary of the acquisition. All payments are subject to the acquired locations still being in operation on the respective anniversary dates. The present value of the consideration payable was $2.1 million as of June 30, 2024 and is recorded in consideration payable on the condensed consolidated balance sheets. The aggregate purchase consideration of $13.5 million was allocated to the following assets: i) location contracts totaling $11.6 million, ii) gaming equipment totaling $1.6 million, and iii) redemption equipment totaling $0.3 million. The results of operations for IGE are included in the condensed consolidated financial statements of the Company from the date of acquisition and were not material.

Great Lakes Vending

On February 22, 2024, the Company acquired certain assets of Great Lakes Vending Corporation (“GLV”), an Illinois-based terminal operator. The Company acquired one operational location, as well as gaming and redemption terminal equipment. The acquisition was accounted for as an asset acquisition in accordance with Topic 805. The total purchase price was approximately $1.3 million, which the Company paid in cash at closing. The total purchase price of $1.3 million was allocated to the following assets: i) location contracts totaling $1.2 million and ii) gaming and redemption equipment totaling $0.1 million. The results of operations for GLV are included in the condensed consolidated financial statements of the Company from the date of acquisition and were not material.

Doc & Eddy’s

On January 10, 2024, the Company acquired Doc & Eddy’s West (“D&E”), a hospitality operation in Montana. The hospitality operation is set to be a Century-vended operation. The acquisition was accounted for as an asset acquisition in accordance with Topic 805. The total purchase price was approximately $2.3 million, which the Company paid in cash at closing, and was allocated to the following assets: i) buildings totaling $1.0 million, ii) indefinite long lived assets totaling $0.9 million and iii) land totaling $0.4 million. The results of operations for D&E are included in the condensed consolidated financial statements of the Company from the date of acquisition and were not material.

Subsequent event - Fairmount Holdings

On July 12, 2024, the Company and Fairmount Holdings, Inc. (“Fairmount”) entered into an agreement for the Company to acquire Fairmount, the owner of the FanDuel Sportsbook & Horse Racing in Collinsville, Illinois, for total consideration of approximately $35 million (based on a 20-day trailing weighted average close price), payable to the sellers as 3.45 million shares of the Company’s Class A-1 common stock. The closing of the transaction is subject to customary closing conditions and customary approvals from the Illinois Racing Board and the Illinois Gaming Board (the “IGB”). Closing is expected in the fourth quarter of 2024.

Pending Business Acquisition

On April 11, 2023, the Company entered into an agreement to acquire a distributed gaming operator in the state of Louisiana with an option to acquire a second distributed gaming operator in the state of Louisiana. In connection therewith, the Company has paid $15.4 million through the six months ended June 30, 2024, as an advance against a portion of the purchase price and is recorded within deposits on the condensed consolidated balance sheets. Furthermore, on August 10, 2023, the Company loaned

the distributed gaming operator $0.3 million. The Company agreed to pay an additional $2.7 million in July 2024, against the final purchase price.

2023 Business Acquisitions

Illinois Video Slot Management

On December 27, 2023, the Company acquired certain assets of Illinois Video Slot Management Corp. (“IVSM”), an Illinois-based terminal operator. The Company acquired a gaming location, as well as gaming equipment. The acquisition was accounted for as an asset acquisition in accordance with Topic 805. The total purchase price was approximately $1.0 million, of which the Company paid $0.7 million in cash at closing. The remaining $0.3 million of consideration is payable in three installments of $0.1 million which are due on the first, second and third anniversary of the acquisition assuming the location is still in operation. The total purchase price of $1.0 million was allocated to the following assets: i) a location contract totaling $0.9 million and ii) gaming equipment totaling $0.1 million. The results of operations for the IVSM acquisition are included in the condensed consolidated financial statements of the Company from the date of acquisition and were not material.

Illinois Gaming Entertainment

On May 23, 2023, the Company acquired four operational locations from IGE, as well as gaming equipment. The acquisition was accounted for as an asset acquisition in accordance with Topic 805. The total purchase price was approximately $1.5 million, which the Company paid in cash at closing. The total purchase price of $1.5 million was allocated to the following assets: i) location contracts totaling $1.1 million and ii) gaming equipment totaling $0.4 million.

On October 3, 2023, the Company acquired three additional operational locations from IGE, as well as gaming equipment. The acquisition was accounted for as an asset acquisition in accordance with Topic 805. The total purchase price was approximately $2.3 million, which the Company paid in cash at closing. The total purchase price of $2.3 million was allocated to the following assets: i) location contracts totaling $2.0 million and ii) gaming equipment totaling $0.3 million.

The results of operations for all IGE acquisitions are included in the condensed consolidated financial statements of the Company from the date of acquisition and were not material.

Rendezvous

On February 13, 2023, the Company acquired Rendezvous, a hospitality operation in Billings, Montana. The hospitality operation is set to be a Century vended location. The acquisition was accounted for as a business combination using the acquisition method of accounting in accordance with Topic 805. The total purchase price of $2.6 million was paid in cash at closing and was allocated to the following assets: i) indefinite-lived intangible assets totaling $0.8 million; ii) land totaling $0.5 million; iii) buildings totaling $0.4 million; iv) gaming equipment totaling $0.1 million, and v) goodwill totaling $0.8 million. The results of operations for Rendezvous are included in the condensed consolidated financial statements of the Company from the date of acquisition and were not material.

Consideration Payable

The Company has a contingent consideration payable related to certain locations, as defined in each respective acquisition agreement, which are placed into operation during a specified period after the acquisition date. The fair value of contingent consideration is included in consideration payable on the condensed consolidated balance sheets as of June 30, 2024 and December 31, 2023. The contingent consideration accrued is measured at fair value on a recurring basis. The Company presents on its statement of cash flows, payments for consideration payable within 90-days in investing activities, payments after 90-days and up to the acquisition date fair value in financing activities, and payments in excess of the acquisition date fair value in operating activities.

Current and long-term portions of consideration payable consist of the following as of June 30, 2024 and December 31, 2023 (in thousands):


	June 30, 2024				December 31, 2023
	Current		Long-Term		Current		Long-Term
TAV*	$	1,013	$	—	$	2,005	—
Fair Share Gaming*	879		3,821		504		92

Skyhigh*	564		4,251		528		3,941


IVSM	97		174		94		168
IGE	565		1,548		—		—

Tom's Amusements*	57		—		57		—


Island*	100		—		100		—


Total	$	3,275	$	9,794	$	3,288	$	4,201

* Acquisitions that occurred prior to 2023.

Stockholders' Equity (Details) $ in Thousands		3 Months Ended				6 Months Ended	31 Months Ended
Stockholders' Equity (Details) $ in Thousands	Sep. 28, 2020 vote	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2024 USD ($) shares	Jun. 30, 2024 USD ($) shares	Nov. 22, 2021 USD ($)
Class of Warrant or Right [Line Items]
Repurchase of common stock		$ 9,293	$ 6,182	$ 8,230	$ 4,206
Class A-1 Common Stock
Class of Warrant or Right [Line Items]
Common stock , voting rights, votes per share \| vote	1
Stock repurchase program, authorized amount (up to)								$ 200,000
Repurchase of common stock (in shares) \| shares						1,500,749	12,909,946
Repurchase of common stock						$ 15,300	$ 133,400

- Definition

Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

- Definition

Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

Goodwill and Other Intangible Assets - Schedule of Changes in Goodwill, Rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 101,554
Addition to goodwill for acquisition of Jorgenson’s Lounge	305
Ending balance	$ 101,859

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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-Subparagraph (d)
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-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

Inventories (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials and manufacturing supplies	$ 6,103,000	$ 5,693,000
Finished products	1,430,000	1,988,000
Total inventories	7,533,000	7,681,000
Inventory valuation reserves	$ 0	$ 0

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Schedule of Disaggregation of Revenue

Total net revenues for the three and six months ended June 30, 2024 and 2023 are further disaggregated by the primary states in which the Company operates.


(in thousands)	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023			2024		2023
Net revenues by state:
Illinois	$	227,093	$	215,947		$	451,956	$	435,790
Montana	42,583		39,275			80,724		75,726
Nevada	29,322		29,869			58,531		59,830
Nebraska	6,249		4,488			12,083		8,412
Other	4,166		3,068			7,936		6,097
Total net revenues	$	309,413	$	292,647		$	611,230	$	585,855

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 254,923	$ 261,611
Accounts receivable, net	15,149	13,467
Prepaid expenses	8,765	6,287
Inventories	7,533	7,681
Interest rate caplets	8,801	8,140
Deposits	15,919	6,555
Other current assets	11,111	8,853
Total current assets	322,201	312,594
Property and equipment, net	276,477	260,813
Noncurrent assets:
Route and customer acquisition costs, net	23,705	19,188
Location contracts acquired, net	181,350	176,311
Goodwill	101,859	101,554
Other intangible assets, net	19,324	20,542
Interest rate caplets, net of current	3,730	4,871
Other assets	21,702	17,020
Total noncurrent assets	351,670	339,486
Total assets	950,348	912,893
Current liabilities:
Current maturities of debt	28,489	28,483
Current portion of route and customer acquisition costs payable	2,014	1,505
Accrued location gaming expense	9,129	9,350
Accrued state gaming expense	17,177	18,364
Accounts payable and other accrued expenses	34,476	36,012
Accrued compensation and related expenses	11,195	12,648
Current portion of consideration payable	3,275	3,288
Total current liabilities	105,755	109,650
Long-term liabilities:
Debt, net of current maturities	537,252	514,091
Route and customer acquisition costs payable, less current portion	7,482	4,955
Consideration payable, less current portion	9,794	4,201
Contingent earnout share liability	31,801	31,827
Other long-term liabilities	6,713	7,015
Deferred income tax liability, net	42,463	42,750
Total long-term liabilities	635,505	604,839
Stockholders’ equity:
Preferred Stock, par value of $0.0001; 1,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2024 and December 31, 2023	0	0
Additional paid-in capital	207,199	203,046
Treasury stock, at cost	(127,545)	(112,070)
Accumulated other comprehensive income	7,940	7,936
Accumulated earnings	121,486	99,484
Total stockholders' equity	209,088	198,404
Total liabilities and stockholders' equity	950,348	912,893
Class A-1 Common Stock
Stockholders’ equity:
Common Stock	$ 8	$ 8

Location Contracts Acquired - Location Contracts Acquired (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Cost	$ 300,520	$ 286,728
Accumulated amortization	(119,170)	(110,417)
Location contracts acquired, net	$ 181,350	$ 176,311

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net income	$ 14,586	$ 7,416	$ 9,983	$ 9,182	$ 22,002	$ 19,165
Basic weighted average outstanding shares of common stock (in shares)	83,911,000		86,184,000		84,105,000	86,529,000
Dilutive effect of stock-based awards for common stock (in shares)	1,143,000		636,000		1,073,000	442,000
Diluted weighted average outstanding shares of common stock (in shares)	85,054,000		86,820,000		85,178,000	86,971,000
Earnings Per Share, Basic and Diluted EPS [Abstract]
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
Anti-dilutive options excluded from calculation of diluted EPS (in shares)					4,340,250	4,818,079

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Business Acquisitions - Narrative- 2023 Business Acquisitions (Details) $ in Thousands					1 Months Ended	6 Months Ended
	May 01, 2024 USD ($) location	Dec. 27, 2023 USD ($)	Oct. 03, 2023 USD ($) location	May 23, 2023 USD ($) location	Jul. 31, 2024 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Aug. 10, 2023 USD ($)	Feb. 13, 2023 USD ($)
Business Acquisition [Line Items]
Goodwill						$ 101,859	$ 101,554
Pending Acquisition
Business Acquisition [Line Items]
Purchase price advance						15,400
Face amount								$ 300
Pending Acquisition \| Forecast
Business Acquisition [Line Items]
Purchase price advance					$ 2,700
Rendezvous Casino and Burger Bar
Business Acquisition [Line Items]
Total purchase price									$ 2,600
Business combination, recognized identifiable assets acquired and liabilities assumed, finite-lived intangibles									800
Business combination, recognized identifiable assets acquired and liabilities assumed, land									500
Buildings totaling									400
Gaming equipment totaling									100
Goodwill									$ 800
Illinois Video Slot Management
Business Acquisition [Line Items]
Asset acquisition, consideration transferred		$ 1,000
Payments to acquire productive assets		700
Asset acquisition, consideration transferred, contingent consideration		300
Asset acquisition, location contracts		900
Illinois Video Slot Management \| Gaming Equipment
Business Acquisition [Line Items]
Asset acquisition, gaming equipment		100
Illinois Video Slot Management \| First Anniversary
Business Acquisition [Line Items]
Asset acquisition, consideration transferred, contingent consideration, annual payment		100
Illinois Video Slot Management \| Second Anniversary
Business Acquisition [Line Items]
Asset acquisition, consideration transferred, contingent consideration, annual payment		100
Illinois Video Slot Management \| Third Anniversary
Business Acquisition [Line Items]
Asset acquisition, consideration transferred, contingent consideration, annual payment		$ 100
Illinois Gaming Entertainment
Business Acquisition [Line Items]
Asset acquisition, consideration transferred	$ 13,500		$ 2,300	$ 1,500
Payments to acquire productive assets	11,400
Asset acquisition, consideration transferred, contingent consideration	2,100					$ 2,100
Asset acquisition, location contracts	11,600		2,000	1,100
Asset acquisition, gaming equipment	$ 1,600		$ 300	$ 400
Number of locations \| location	16		3	4
Illinois Gaming Entertainment \| First Anniversary
Business Acquisition [Line Items]
Asset acquisition, consideration transferred, contingent consideration	$ 600
Illinois Gaming Entertainment \| Second Anniversary
Business Acquisition [Line Items]
Asset acquisition, consideration transferred, contingent consideration	600
Illinois Gaming Entertainment \| Third Anniversary
Business Acquisition [Line Items]
Asset acquisition, consideration transferred, contingent consideration	600
Illinois Gaming Entertainment \| Fourth Anniversary
Business Acquisition [Line Items]
Asset acquisition, consideration transferred, contingent consideration	$ 700

Debt - Long-term Debt Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total borrowings	$ 568,125	$ 545,375
Add: Remaining premium on interest rate caplets financed as debt	1,571	2,059
Less: Debt issuance costs	(3,955)	(4,860)
Total debt, net of debt issuance costs	565,741	542,574
Less: Current maturities	(28,489)	(28,483)
Total debt, net of current maturities	537,252	514,091
Credit Agreement, Amendment \| Revolving credit facility
Debt Instrument [Line Items]
Total borrowings	82,500	46,000
Credit Agreement, Amendment \| Term Loan
Debt Instrument [Line Items]
Total borrowings	301,875	310,625
Credit Agreement, Amendment \| Delayed Draw Term Loan
Debt Instrument [Line Items]
Total borrowings	$ 183,750	$ 188,750