2020 Q1 Form 10-Q Financial Statement

#000169899120000012 Filed on May 11, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $106.5M $97.40M
YoY Change 9.3%
Cost Of Revenue $68.00M $61.60M
YoY Change 10.39%
Gross Profit $37.20M $35.80M
YoY Change 3.91%
Gross Profit Margin 34.94% 36.76%
Selling, General & Admin $23.50M $16.10M
YoY Change 45.96%
% of Gross Profit 63.17% 44.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.900M $6.000M
YoY Change -18.33%
% of Gross Profit 13.17% 16.76%
Operating Expenses $34.50M $27.10M
YoY Change 27.31% 8933.33%
Operating Profit $2.143M $8.700M
YoY Change -75.37% -3114.55%
Interest Expense $4.249M -$3.000M
YoY Change -241.63% -312.02%
% of Operating Profit 198.27% -34.48%
Other Income/Expense, Net $17.40M
YoY Change
Pretax Income $47.90M $2.373M
YoY Change 1918.39% 110.71%
Income Tax -$100.0K $1.700M
% Of Pretax Income -0.21% 71.63%
Net Earnings $48.04M $3.995M
YoY Change 1102.58% 263.18%
Net Earnings / Revenue 45.13% 4.1%
Basic Earnings Per Share $0.62 $0.07
Diluted Earnings Per Share $0.60 $0.06
COMMON SHARES
Basic Shares Outstanding 78.00M shares 57.59M shares
Diluted Shares Outstanding 79.09M shares 61.95M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $180.5M $300.0K
YoY Change 60079.33% 200.0%
Cash & Equivalents $166.5M $331.9K
Short-Term Investments $14.00M
Other Short-Term Assets $6.286M $0.00
YoY Change -100.0%
Inventory
Prepaid Expenses $4.243M
Receivables
Other Receivables
Total Short-Term Assets $195.0M $300.0K
YoY Change 64891.33% 0.65%
LONG-TERM ASSETS
Property, Plant & Equipment $125.5M
YoY Change
Goodwill $34.51M
YoY Change
Intangibles
YoY Change
Long-Term Investments $16.00M
YoY Change
Other Assets $230.2M $459.5M
YoY Change -49.9% 1.79%
Total Long-Term Assets $355.7M $459.5M
YoY Change -22.59% 1.79%
TOTAL ASSETS
Total Short-Term Assets $195.0M $300.0K
Total Long-Term Assets $355.7M $459.5M
Total Assets $550.7M $459.8M
YoY Change 19.76% 1.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.70M
YoY Change
Accrued Expenses $300.0K $200.0K
YoY Change 50.0% -15.7%
Deferred Revenue $1.700M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $18.25M
YoY Change
Total Short-Term Liabilities $47.14M $200.0K
YoY Change 23468.0% -15.7%
LONG-TERM LIABILITIES
Long-Term Debt $384.8M $0.00
YoY Change
Other Long-Term Liabilities $21.10M $15.80M
YoY Change 33.54% 0.0%
Total Long-Term Liabilities $443.8M $15.80M
YoY Change 2708.97% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.14M $200.0K
Total Long-Term Liabilities $443.8M $15.80M
Total Liabilities $491.0M $16.00M
YoY Change 2968.46% 0.08%
SHAREHOLDERS EQUITY
Retained Earnings -$14.87M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.25M $61.80M
YoY Change
Total Liabilities & Shareholders Equity $550.7M $459.8M
YoY Change 19.76% 1.79%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $48.04M $3.995M
YoY Change 1102.58% 263.18%
Depreciation, Depletion And Amortization $4.900M $6.000M
YoY Change -18.33%
Cash From Operating Activities -$4.349M $17.90M
YoY Change -124.3% -8777.44%
INVESTING ACTIVITIES
Capital Expenditures $3.855M $5.579M
YoY Change -30.9%
Acquisitions $0.00
YoY Change
Other Investing Activities $120.0K $30.00K
YoY Change 300.0%
Cash From Investing Activities -$3.734M -$5.551M
YoY Change -32.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $49.22M -$9.219M
YoY Change -633.88% 46866.22%
NET CHANGE
Cash From Operating Activities -$4.349M $17.90M
Cash From Investing Activities -$3.734M -$5.551M
Cash From Financing Activities $49.22M -$9.219M
Net Change In Cash $41.14M $3.130M
YoY Change 1214.22% -1485.5%
FREE CASH FLOW
Cash From Operating Activities -$4.349M $17.90M
Capital Expenditures $3.855M $5.579M
Free Cash Flow -$8.204M $12.32M
YoY Change -166.59%

Facts In Submission

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CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
49218000 usd
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9219000 usd
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
41135000 usd
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3130000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
125403000 usd
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92229000 usd
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
166538000 usd
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
95359000 usd
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
3737000 usd
CY2019 us-gaap Interest Paid Net
InterestPaidNet
2670000 usd
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7290000 usd
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
201000 usd
CY2020Q1 us-gaap Nature Of Operations
NatureOfOperations
Description of Business<div style="line-height:144%;padding-top:10px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accel Entertainment, Inc. and its subsidiaries (“</span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;">the Company</span><span style="font-family:inherit;font-size:10pt;">”)</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;">wholly owned subsidiary, Accel Entertainment Gaming LLC, is a terminal operator licensed by the State of Illinois Gaming Board since March 15, 2012. Its terminal operator license allows the Company to install and operate video gaming terminals in licensed video gaming locations throughout the State of Illinois as approved by individual municipalities. The Company also operates redemption terminals, which also function as automated teller machines (“ATMs”) at its licensed video gaming locations, and amusement equipment at certain locations. The Company is subject to various federal, state and local laws and regulations in addition to gaming regulations. The terminal operator license, which is not transferable or assignable, requires compliance with applicable regulations and the license is renewable annually unless sooner cancelled or terminated.</span></div><div style="line-height:144%;padding-top:10px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;">The Company operates </span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;"><span>11,164</span></span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> and </span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;"><span>7,935</span></span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> video gaming terminals across </span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;"><span>2,353</span></span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>1,740</span></span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> locations in the State of Illinois as of </span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> and </span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;">2019</span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;">, respectively.</span></div><div style="line-height:144%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On November 20, 2019, the Company consummated a business combination which was accounted for as a reverse recapitalization. For more details on the reverse recapitalization, see Note 3 to the Company's Consolidated Financial Statements as presented in its Annual Report on Form 10-K for the year ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">. As a result of the reverse recapitalization, all references to numbers of common shares and per common share data for 2019 in these condensed consolidated financial statements and related notes have been retroactively adjusted to account for the effect of the reverse recapitalization.</span></div><div style="line-height:144%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company is an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012 (“</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">JOBS Act</span><span style="font-family:inherit;font-size:10pt;">”) following the consummation of the reverse recapitalization. The Company has elected to use this extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act and as a result of this election, its financial statements may not be comparable to companies that comply with public company effective dates. The Company will remain an “emerging growth company” until the earliest to occur of (i) the last day of the fiscal year (a) following June 30, 2022, (b) in which Accel has total annual gross revenue of at least $1.0 billion or (c) in which Accel is deemed to be a large accelerated filer, which means the market value of Class A-1 Shares that is held by non-affiliates exceeds $700 million as of the last business day of the prior second fiscal quarter, and (ii) the date on which Accel has issued more than $1.0 billion in non-convertible debt during the prior three-year period.</span></div><div style="line-height:144%;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Impact of COVID-19 on the Condensed Consolidated Financial Statements</span></div><div style="line-height:144%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In response the COVID-19 outbreak, the Illinois Gaming Board </span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;">(“IGB”)</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">made the decision to shut down all video gaming terminals (“VGTs”) across the State of Illinois starting at 9 PM on Monday </span><span style="font-family:inherit;font-size:10pt;">March 16, 2020</span><span style="font-family:inherit;font-size:10pt;"> and extended the shutdown through </span><span style="font-family:inherit;font-size:10pt;">April 30, 2020</span><span style="font-family:inherit;font-size:10pt;"> (see Note 17 for further updates). The temporary shutdown of Illinois video gaming impacted </span><span style="font-family:inherit;font-size:10pt;"><span>15</span></span><span style="font-family:inherit;font-size:10pt;"> of the </span><span style="font-family:inherit;font-size:10pt;"><span>91</span></span><span style="font-family:inherit;font-size:10pt;"> gaming days (or </span><span style="font-family:inherit;font-size:10pt;"><span>16%</span></span><span style="font-family:inherit;font-size:10pt;"> of gaming days) during the three months ended </span><span style="font-family:inherit;font-size:10pt;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;">. In light of these events and their effect on the Company’s employees and licensed establishment partners, the Company has taken action to position the Company to weather the temporary cessation of operations by, among other things, furloughing approximately </span><span style="font-family:inherit;font-size:10pt;"><span>90%</span></span><span style="font-family:inherit;font-size:10pt;"> of its employees and deferring certain payments to major vendors. Additionally, members of the Company's senior management have decided to voluntarily forgo their base salaries during this COVID-19 pandemic. </span></div><div style="line-height:144%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As a result of these developments, the Company's revenues, results of operations and cash flows have been materially affected, and the Company expects it to continue for at least as long as these orders remain in effect. The situation is rapidly changing and additional impacts to the business may arise that the Company is not aware of currently. The Company cannot predict whether, when or the manner in which the conditions surrounding COVID-19 will change, including the timing of lifting any restrictions or closure </span></div><div style="line-height:144%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">requirements, and the conditions under which customer re-engagement with its licensed establishment partners and VGTs will occur, if at all, and therefore, the impact to its results of operations, financial position and liquidity. </span></div><div style="line-height:144%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As part of the Company's analysis of the financial reporting impacts of the COVID-19 outbreak, and corollary response in the State of Illinois, including the temporary shutdown of our gaming operations, the Company evaluated its goodwill and long-lived assets for potential impairment triggers as of </span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;">. As a result of this analysis, no impairment losses were recorded. The Company will continue to monitor its assets for potential impairment losses in future periods. If the State of Illinois response continues for a more extended period, which is not currently anticipated, the Company could recognize impairment losses which could be material.</span></div><span style="font-family:inherit;font-size:10pt;">The Company also engaged a 3rd party valuation firm to assist in determining the fair value of its investment in convertible notes as of </span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;">. The valuation concluded that the carrying amount of the investment in the convertible notes approximates the fair value in all material respects, as of </span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;">March 31, 2020</span>.
CY2020Q1 acel Numberof Video Game Terminals
NumberofVideoGameTerminals
11164 terminal
CY2019Q4 acel Numberof Video Game Terminals
NumberofVideoGameTerminals
7935 terminal
CY2020Q1 acel Numberof Video Gaming Locations
NumberofVideoGamingLocations
2353 location
CY2019Q4 acel Numberof Video Gaming Locations
NumberofVideoGamingLocations
1740 location
CY2020Q1 acel Covid Response Numberof Days Video Gaming Terminals Inoperable
COVIDResponseNumberofDaysVideoGamingTerminalsInoperable
15
CY2020Q1 acel Covid Response Numberof Video Gaming Daysin Quarter
COVIDResponseNumberofVideoGamingDaysinQuarter
91
CY2020Q1 acel Covid Response Percentof Days Inoperable During Quarter
COVIDResponsePercentofDaysInoperableDuringQuarter
0.16
CY2020Q1 acel Covid Response Percentageof Employees Furloughed
COVIDResponsePercentageofEmployeesFurloughed
0.90
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:144%;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;font-weight:bold;">Use of estimates</span><span style="font-family:inherit;font-size:10pt;background-color:#ffffff;">: The preparation of 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 initial selection of useful lives for depreciable and amortizable assets in conjunction with business acquisitions, the valuation of level 3 investments, contingencies, and the expected term of share-based compensation awards and stock price volatility when computing share-based compensation expense. The Company also estimated stock prices prior to the reverse recapitalization discussed in Note 1 when computing share-based compensation expense. Actual results may differ from those estimates.</span></div>
CY2019Q3 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
5000000.0 usd
CY2019Q4 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
25000000.0 usd
CY2019Q4 acel Marketable Security Debt Instrument Monthly Principal Payment
MarketableSecurityDebtInstrumentMonthlyPrincipalPayment
1000000 usd
CY2020Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
227750000 usd
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
216624000 usd
CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
102273000 usd
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
97423000 usd
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
125477000 usd
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
119201000 usd
CY2020Q1 us-gaap Depreciation
Depreciation
4900000 usd
CY2019Q1 us-gaap Depreciation
Depreciation
6000000.0 usd
CY2020Q1 acel Contract With Customer Liability Gross
ContractWithCustomerLiabilityGross
7300000 usd
CY2019Q4 acel Contract With Customer Liability Gross
ContractWithCustomerLiabilityGross
7400000 usd
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
6600000 usd
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
6500000 usd
CY2020Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1700000 usd
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1700000 usd
CY2020Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
18800000 usd
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
18700000 usd
CY2020Q1 acel Capitalized Contract Cost Subject To Claw Back
CapitalizedContractCostSubjectToClawBack
2100000 usd
CY2019Q4 acel Capitalized Contract Cost Subject To Claw Back
CapitalizedContractCostSubjectToClawBack
2200000 usd
CY2020Q1 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
28480000 usd
CY2019Q4 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
28501000 usd
CY2020Q1 us-gaap Capitalized Contract Cost Accumulated Amortization
CapitalizedContractCostAccumulatedAmortization
11402000 usd
CY2019Q4 us-gaap Capitalized Contract Cost Accumulated Amortization
CapitalizedContractCostAccumulatedAmortization
11102000 usd
CY2020Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
17078000 usd
CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
17399000 usd
CY2020Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
400000 usd
CY2019Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
700000 usd
CY2020Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
204353000 usd
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
204353000 usd
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
42620000 usd
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
37570000 usd
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
161733000 usd
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
166783000 usd
CY2020Q1 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
28700000 usd
CY2020Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
411750000 usd
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
358500000 usd
CY2020Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8662000 usd
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8808000 usd
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
403088000 usd
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
349692000 usd
CY2020Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
18250000 usd
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
15000000 usd
CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
384838000 usd
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
334692000 usd
CY2019Q1 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
112476000 usd
CY2019Q1 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
5169000 usd
CY2020Q1 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
3127000 usd
CY2020Q1 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
16225000 usd
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
10293000 usd
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
16426000 usd
CY2020Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2013Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
253575 shares
CY2013Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
17.80
CY2020Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
0 shares
CY2019Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
159075 shares
CY2019Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
7333326 shares
CY2019Q4 acel Classof Warrantor Right Number Of Warrants Canceled And Reissued To Prior Stockholders
ClassofWarrantorRightNumberOfWarrantsCanceledAndReissuedToPriorStockholders
2444437 shares
CY2019Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2020Q1 acel Sensitivity Analysis Of Fair Value Contingent Consideration Impact Of One Percent Decrease In Discount Rate On Other Expenses
SensitivityAnalysisOfFairValueContingentConsiderationImpactOfOnePercentDecreaseInDiscountRateOnOtherExpenses
200000 usd
CY2020Q1 acel Sensitivity Analysis Of Fair Value Contingent Consideration Impact Of One Percent Increase In Discount Rate On Other Expenses
SensitivityAnalysisOfFairValueContingentConsiderationImpactOfOnePercentIncreaseInDiscountRateOnOtherExpenses
200000 usd
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2019Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2019Q4 acel Class Of Warrant Or Right Vesting Period After Recapitalization
ClassOfWarrantOrRightVestingPeriodAfterRecapitalization
P30D
CY2017Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
15000000 shares
CY2017Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2017Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2017 acel Class Of Warrant Or Right Cash Redemption Price
ClassOfWarrantOrRightCashRedemptionPrice
0.01
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1100000 usd
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000 usd
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1700000 usd
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.066
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.296
CY2020Q1 us-gaap Loss Contingency Number Of Defendants
LossContingencyNumberOfDefendants
10 defendent
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-100000 usd
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-1966000 usd
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
3995000 usd
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78003000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57588000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1114000 shares
CY2020Q1 acel Incremental Common Shares Attributableto Dilutive Effectof Stockholder Notes Receivable
IncrementalCommonSharesAttributabletoDilutiveEffectofStockholderNotesReceivable
0 shares
CY2019Q1 acel Incremental Common Shares Attributableto Dilutive Effectof Stockholder Notes Receivable
IncrementalCommonSharesAttributabletoDilutiveEffectofStockholderNotesReceivable
947000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
2300000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78003000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61948000 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
28365715 shares
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares

Files In Submission

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0001698991-20-000012.txt Edgar Link pending
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