2021 Q4 Form 10-Q Financial Statement

#000169899121000037 Filed on November 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $192.3M $193.4M $202.0M
YoY Change 158.44% 43.12% 53191.29%
Cost Of Revenue $129.6M $129.7M $135.8M
YoY Change 162.99% 41.33%
Gross Profit $62.68M $63.61M $66.20M
YoY Change 149.51% 42.95% 16450.5%
Gross Profit Margin 32.59% 32.9% 32.78%
Selling, General & Admin $32.18M $28.05M $26.11M
YoY Change 43.91% 20.92% 148.7%
% of Gross Profit 51.33% 44.1% 39.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.367M $6.500M $6.300M
YoY Change -18.53% 20.37% 23.53%
% of Gross Profit 14.94% 10.22% 9.52%
Operating Expenses $45.62M $44.97M $41.28M
YoY Change 27.12% 27.38% 80.24%
Operating Profit $17.06M $18.65M $24.93M
YoY Change -258.49% 107.56% -204.56%
Interest Expense -$2.966M -$3.016M -$3.376M
YoY Change -16.1% -187.83% -235.64%
% of Operating Profit -17.38% -16.17% -13.54%
Other Income/Expense, Net -$2.895M -$888.0K -$3.182M
YoY Change -256.4% -75.33% -55.81%
Pretax Income $10.05M $14.74M $18.37M
YoY Change -173.63% 6017.43% -135.45%
Income Tax $3.244M $3.900M $5.900M
% Of Pretax Income 32.28% 26.45% 32.12%
Net Earnings $6.806M $10.81M $12.45M
YoY Change -179.88% 58.11% -126.61%
Net Earnings / Revenue 3.54% 5.59% 6.16%
Basic Earnings Per Share $0.11 $0.13
Diluted Earnings Per Share $71.53K $0.11 $0.13
COMMON SHARES
Basic Shares Outstanding 94.07M shares 94.00M shares 93.62M shares
Diluted Shares Outstanding 94.73M shares 94.67M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $230.9M $179.9M $178.5M
YoY Change 71.7% -6.85% 7.64%
Cash & Equivalents $198.8M $179.9M $178.5M
Short-Term Investments $32.07M
Other Short-Term Assets $10.15M $11.96M $11.22M
YoY Change 17.39% 33.68% 68.99%
Inventory $0.00
Prepaid Expenses $6.998M $5.655M $6.087M
Receivables $5.121M
Other Receivables
Total Short-Term Assets $248.0M $198.2M $195.8M
YoY Change 63.17% -5.49% 8.89%
LONG-TERM ASSETS
Property, Plant & Equipment $152.3M $147.7M $144.7M
YoY Change 6.05% 13.03% 16.91%
Goodwill $46.20M $45.80M $45.80M
YoY Change 0.97% 32.71% 32.71%
Intangibles
YoY Change
Long-Term Investments $37.62M $38.06M
YoY Change 135.14% 192.79%
Other Assets $215.8M $254.4M $260.3M
YoY Change -18.46% 13.48% 17.44%
Total Long-Term Assets $368.1M $402.1M $405.0M
YoY Change -9.84% 13.32% 17.25%
TOTAL ASSETS
Total Short-Term Assets $248.0M $198.2M $195.8M
Total Long-Term Assets $368.1M $402.1M $405.0M
Total Assets $616.1M $600.3M $600.8M
YoY Change 9.97% 6.33% 14.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.62M $9.962M $10.70M
YoY Change -38.33% -50.93% -60.8%
Accrued Expenses $24.30M $20.90M $20.38M
YoY Change 315.1% 129.69%
Deferred Revenue $2.100M $2.000M $2.000M
YoY Change 31.25% 25.0% 17.65%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $17.50M $18.25M $18.25M
YoY Change -4.11% 0.0% 0.0%
Total Short-Term Liabilities $71.84M $65.52M $58.01M
YoY Change 37.12% 24.5% 14.92%
LONG-TERM LIABILITIES
Long-Term Debt $324.0M $309.7M $326.8M
YoY Change 0.66% -6.36% -14.17%
Other Long-Term Liabilities $59.51M $56.46M $61.78M
YoY Change 2.46% 155.49% 191.42%
Total Long-Term Liabilities $385.8M $370.7M $390.9M
YoY Change 1.53% -4.88% -11.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.84M $65.52M $58.01M
Total Long-Term Liabilities $385.8M $370.7M $390.9M
Total Liabilities $457.6M $436.2M $448.9M
YoY Change 5.84% -1.39% -8.82%
SHAREHOLDERS EQUITY
Retained Earnings -$20.22M -$27.03M -$37.83M
YoY Change -60.95% -22.27% -12.65%
Common Stock $9.000K $9.000K $9.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.983M
YoY Change
Treasury Stock Shares
Shareholders Equity $158.5M $164.1M $151.9M
YoY Change
Total Liabilities & Shareholders Equity $616.1M $600.3M $600.8M
YoY Change 9.97% 6.33% 14.39%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income $6.806M $10.81M $12.45M
YoY Change -179.88% 58.11% -126.61%
Depreciation, Depletion And Amortization $9.367M $6.500M $6.300M
YoY Change -18.53% 20.37% 23.53%
Cash From Operating Activities $30.49M $26.10M $32.57M
YoY Change -489.69% 21.98% -351.91%
INVESTING ACTIVITIES
Capital Expenditures -$10.99M -$7.829M -$8.894M
YoY Change 35.61% -42.18% 3320.77%
Acquisitions
YoY Change
Other Investing Activities -$2.338M $367.0K -$2.402M
YoY Change -92.25% -106.54%
Cash From Investing Activities -$13.32M -$7.462M -$11.30M
YoY Change -65.2% -61.03% 4083.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.734M -17.27M -15.45M
YoY Change 19.75% -161.62% 243.24%
NET CHANGE
Cash From Operating Activities 30.49M 26.10M 32.57M
Cash From Investing Activities -13.32M -7.462M -11.30M
Cash From Financing Activities 1.734M -17.27M -15.45M
Net Change In Cash 18.90M 1.375M 5.830M
YoY Change -142.32% -95.46% -132.94%
FREE CASH FLOW
Cash From Operating Activities $30.49M $26.10M $32.57M
Capital Expenditures -$10.99M -$7.829M -$8.894M
Free Cash Flow $41.48M $33.93M $41.47M
YoY Change 14928.62% -2.88% -427.28%

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CY2020Q4 us-gaap Preferred Stock Shares Outstanding
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CY2021Q3 us-gaap Preferred Stock Value
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CY2020Q4 us-gaap Preferred Stock Value
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CY2020Q4 us-gaap Common Stock Value
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185711000 usd
CY2020Q4 us-gaap Additional Paid In Capital
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-27027000 usd
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RetainedEarningsAccumulatedDeficit
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127871000 usd
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560241000 usd
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127871000 usd
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1593000 usd
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OCIConvertibleNotesInvestmentGainLossAfterAdjustmentAndTax
469000 usd
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1501000 usd
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StockholdersEquity
131434000 usd
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2148000 usd
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5204000 usd
CY2021Q2 us-gaap Net Income Loss
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12445000 usd
CY2021Q2 us-gaap Stockholders Equity
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151916000 usd
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966000 usd
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OCIConvertibleNotesInvestmentGainLossAfterAdjustmentAndTax
-315000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
10807000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
164144000 usd
CY2019Q4 us-gaap Stockholders Equity
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19160000 usd
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1060000 usd
CY2020Q1 us-gaap Net Income Loss
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48043000 usd
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
25253000 usd
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359000 usd
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1327000 usd
CY2020Q2 us-gaap Net Income Loss
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CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
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405000 usd
CY2020Q3 acel Adjustment To Additional Paid In Capital Value Warrants Exercised
AdjustmentToAdditionalPaidInCapitalValueWarrantsExercised
4000 usd
CY2020Q3 acel Adjustment To Additional Paid In Capital Value Warrants Exchanged
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54471000 usd
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1668000 usd
CY2020Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
78715000 usd
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
6835000 usd
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
122269000 usd
us-gaap Net Income Loss
NetIncomeLoss
24753000 usd
us-gaap Net Income Loss
NetIncomeLoss
8110000 usd
us-gaap Depreciation
Depreciation
18820000 usd
us-gaap Depreciation
Depreciation
15299000 usd
acel Amortization Of Intangible Assets And Capitalized Contract Cost
AmortizationOfIntangibleAssetsAndCapitalizedContractCost
18489000 usd
acel Amortization Of Intangible Assets And Capitalized Contract Cost
AmortizationOfIntangibleAssetsAndCapitalizedContractCost
16778000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1514000 usd
us-gaap Amortization Of Financing Costs
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1414000 usd
acel Contingent Earnout Gain Loss On Change In Fair Value
ContingentEarnoutGainLossOnChangeInFairValue
-6867000 usd
acel Contingent Earnout Gain Loss On Change In Fair Value
ContingentEarnoutGainLossOnChangeInFairValue
6633000 usd
us-gaap Fair Value Adjustment Of Warrants
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0 usd
us-gaap Fair Value Adjustment Of Warrants
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-12574000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4707000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4055000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
96000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-95000 usd
acel Gain Loss On Contract With Customer Asset Liability
GainLossOnContractWithCustomerAssetLiability
-326000 usd
acel Gain Loss On Contract With Customer Asset Liability
GainLossOnContractWithCustomerAssetLiability
-446000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
3679000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
666000 usd
us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
1961000 usd
us-gaap Accretion Expense
AccretionExpense
1904000 usd
us-gaap Accretion Expense
AccretionExpense
1543000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6186000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3421000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1502000 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-2618000 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
0 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
2153000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
539000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-354000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-604000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4677000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
1826000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
0 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
60000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
126000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
80262000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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4118000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18767000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17656000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
806000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
119000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3259000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5611000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-21220000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-23148000 usd
us-gaap Repayments Of Medium Term Notes
RepaymentsOfMediumTermNotes
9000000 usd
us-gaap Repayments Of Medium Term Notes
RepaymentsOfMediumTermNotes
9000000 usd
acel Proceeds From Issuance Of Delayed Draw Notes
ProceedsFromIssuanceOfDelayedDrawNotes
0 usd
acel Proceeds From Issuance Of Delayed Draw Notes
ProceedsFromIssuanceOfDelayedDrawNotes
65000000 usd
acel Repayments Of Delayed Draw Notes
RepaymentsOfDelayedDrawNotes
4688000 usd
acel Repayments Of Delayed Draw Notes
RepaymentsOfDelayedDrawNotes
3875000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
47000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
49000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
47000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
102500000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
723000 usd
CY2021Q3 acel Numberof Video Game Terminals
NumberofVideoGameTerminals
13384 gamingterminal
CY2020Q3 us-gaap Depreciation
Depreciation
5400000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
78714000 usd
acel Proceeds From Exerciseof Common Stock Optionsand Preferred Stock Warrants
ProceedsFromExerciseofCommonStockOptionsandPreferredStockWarrants
1455000 usd
acel Proceeds From Exerciseof Common Stock Optionsand Preferred Stock Warrants
ProceedsFromExerciseofCommonStockOptionsandPreferredStockWarrants
769000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
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1377000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
4650000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13610000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
72735000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
45432000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
53705000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
134451000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
125403000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
179883000 usd
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
179108000 usd
us-gaap Interest Paid Net
InterestPaidNet
8818000 usd
us-gaap Interest Paid Net
InterestPaidNet
9803000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
6307000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4202000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7097000 usd
acel Stock Issuance Costs Incurred Not Yet Paid
StockIssuanceCostsIncurredNotYetPaid
0 usd
acel Stock Issuance Costs Incurred Not Yet Paid
StockIssuanceCostsIncurredNotYetPaid
1476000 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
19160000 usd
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
3364000 usd
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
7563000 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
212000 usd
acel Noncash Or Part Noncash Acquisition Contingent Consideration
NoncashOrPartNoncashAcquisitionContingentConsideration
105000 usd
acel Noncash Or Part Noncash Acquisition Contingent Consideration
NoncashOrPartNoncashAcquisitionContingentConsideration
1740000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3259000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5611000 usd
us-gaap Nature Of Operations
NatureOfOperations
Description of Business<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">Accel Entertainment, Inc.'s (and together with its subsidiaries, </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">“</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">Company</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">”)</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%"> wholly owned subsidiary, Accel Entertainment Gaming LLC, is a terminal operator licensed by the State of Illinois Gaming Board (“IGB”) since March 15, 2012. Its terminal operator license allows the Company to install and operate video gaming terminals </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">(“VGTs”) </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">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 Illinois 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><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">In July 2020, the Georgia Lottery Corporation approved one of the Company's consolidated subsidiaries as a licensed operator, or Master Licensee, which allows the Company to install and operate coin operated amusement machines for commercial use by the public for play </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">throughout the State of Georgia</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">. The Company also holds a license from the Pennsylvania Gaming Control Board. </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">The Company is subject to various federal, state and local laws and regulations in addition to gaming regulations. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">The Company operates 13,384 and 11,597 video gaming terminals across 2,549 and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">2,363</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%"> locations in the State of Illinois as of September 30, 2021 and 2020, respectively.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">The Company is an emerging growth company </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">(“EGC”) </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">under the Jumpstart Our Business Startups Act of 2012 (“JOBS Act”) following the consummation of a reverse recapitalization that occurred on November 20, 2019. 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 expects to remain an EGC until December 31, 2022.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:144%">Impact of COVID-19 on the Condensed Consolidated Financial Statements</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">In response to the initial COVID-19 outbreak, the </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">IGB </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">made the decision to shut down all VGTs across the State of Illinois starting at 9:00 p.m. on March 16, 2020 and ultimately extended the shutdown through June 30, 2020. This temporary shutdown of Illinois video gaming impacted 106 of the 274 gaming days (or 39% of gaming days) during the nine months ended September 30, 2020. As a resurgence of COVID-19 occurred in the fall of 2020, the virus spread in every geographical region (currently 11 regions) in the State of Illinois. In response, the IGB suspended all video gaming operations across the entire state of Illinois starting at 11:01 PM on Thursday November 19, 2020. Video gaming operations resumed in certain regions of the state beginning on January 16, 2021, and fully resumed in all regions on January 23, 2021. Even though video gaming operations resumed across all regions, certain regions still had government-imposed restrictions that, among other things, limited hours of operation and restricted the number of patrons allowed within the licensed establishments. Given the staggered reopening by region in January of 2021, the temporary shutdown impacted, on average, 18 of the 273 gaming days (or 7% of gaming days) during the nine months ended September 30, 2021. In light of these events and their effect on the Company’s employees and licensed establishment partners, the Company took action to help mitigate the potential effects caused by the temporary cessation of operations. During the initial shutdown in 2020, the Company furloughed a significant portion of its employees and deferred certain payments to major vendors. Additionally, members of the Company's senior management decided to voluntarily forgo their base salaries until the resumption of video gaming operations. Beginning in early June 2020, the Company started reinstating employees from furlough in anticipation of resuming operations on July 1, 2020. During the second shutdown starting in November 2020, the Company furloughed idle staff as appropriate and deferred certain payments to major vendors.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">As a result of these developments, the Company's revenues, results of operations and cash flows have been materially affected. The situation is changing and additional impacts from COVID-19 and its variant strains on the business and financial results may arise that the Company is not aware of currently and cannot reasonably anticipate. </span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">While the IGB has announced the resumption of all video gaming activities in all regions effective January 23, 2021, it is possible that it or the State of Illinois may order a shutdown by region (currently 11 regions), or a complete suspension of video gaming in the state, or institute stay-at-home, closure or other similar orders or measures in the future in response to a resurgence of COVID-19, particularly in light of variant strains of the virus, or other events. If this were to occur, the Company could recognize impairment losses which could be material.</span></div>
CY2020Q3 acel Numberof Video Game Terminals
NumberofVideoGameTerminals
11597 gamingterminal
CY2021Q3 acel Numberof Video Gaming Locations
NumberofVideoGamingLocations
2549 location
CY2020Q3 acel Numberof Video Gaming Locations
NumberofVideoGamingLocations
2363 location
acel Covid Response Numberof Days Video Gaming Terminals Inoperable
COVIDResponseNumberofDaysVideoGamingTerminalsInoperable
106 day
acel Covid Response Numberof Video Gaming Daysin Quarter
COVIDResponseNumberofVideoGamingDaysinQuarter
274 day
acel Covid Response Percentof Days Inoperable During Quarter
COVIDResponsePercentofDaysInoperableDuringQuarter
0.39
acel Covid Response Numberof Days Video Gaming Terminals Inoperable
COVIDResponseNumberofDaysVideoGamingTerminalsInoperable
18 day
acel Covid Response Numberof Video Gaming Daysin Quarter
COVIDResponseNumberofVideoGamingDaysinQuarter
273 day
acel Covid Response Percentof Days Inoperable During Quarter
COVIDResponsePercentofDaysInoperableDuringQuarter
0.07
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Restatements of prior periods: The Company amended the condensed consolidated financial statements for the periods ended September 30, 2020 and for the year ended December 31, 2020 in its previously filed Form 10-K. Please see Note 2 to the consolidated financial statements in the Form 10-K for the facts and circumstance on the restatements.
us-gaap Depreciation
Depreciation
18800000 usd
us-gaap Depreciation
Depreciation
15300000 usd
us-gaap Use Of Estimates
UseOfEstimates
<span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:144%">Use of estimates</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">: 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 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, contingencies, and the expected term of share-based compensation awards and stock price volatility when computing share-based compensation expense. Actual results may differ from those estimates.</span>
CY2019Q4 acel Marketable Security Debt Instrument Monthly Principal Payment
MarketableSecurityDebtInstrumentMonthlyPrincipalPayment
1000000 usd
CY2021Q3 acel Oci Convertible Notes Investment Gain Loss After Adjustment And Tax
OCIConvertibleNotesInvestmentGainLossAfterAdjustmentAndTax
-300000 usd
acel Oci Convertible Notes Investment Gain Loss After Adjustment And Tax
OCIConvertibleNotesInvestmentGainLossAfterAdjustmentAndTax
5400000 usd
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
281970000 usd
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
259680000 usd
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
134283000 usd
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
116115000 usd
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
147687000 usd
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
143565000 usd
CY2021Q3 us-gaap Depreciation
Depreciation
6500000 usd
CY2021Q3 acel Contract With Customer Liability Gross
ContractWithCustomerLiabilityGross
6200000 usd
CY2020Q4 acel Contract With Customer Liability Gross
ContractWithCustomerLiabilityGross
6400000 usd
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5500000 usd
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5700000 usd
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2000000.0 usd
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1600000 usd
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
18300000 usd
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
17700000 usd
CY2021Q3 acel Capitalized Contract Cost Subject To Claw Back
CapitalizedContractCostSubjectToClawBack
1500000 usd
CY2020Q4 acel Capitalized Contract Cost Subject To Claw Back
CapitalizedContractCostSubjectToClawBack
1700000 usd
CY2021Q3 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
28761000 usd
CY2020Q4 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
27364000 usd
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
58278000 usd
CY2017 acel Class Of Warrant Or Right Vesting Period After Recapitalization
ClassOfWarrantOrRightVestingPeriodAfterRecapitalization
P30D
CY2021Q3 us-gaap Capitalized Contract Cost Accumulated Amortization
CapitalizedContractCostAccumulatedAmortization
13103000 usd
CY2020Q4 us-gaap Capitalized Contract Cost Accumulated Amortization
CapitalizedContractCostAccumulatedAmortization
12113000 usd
CY2021Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
15658000 usd
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
15251000 usd
CY2021Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
500000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1400000 usd
CY2020Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
500000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1400000 usd
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
227691000 usd
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
226012000 usd
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
75347000 usd
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
152344000 usd
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
167734000 usd
CY2020Q4 us-gaap Goodwill
Goodwill
45800000 usd
CY2021Q3 us-gaap Goodwill
Goodwill
45800000 usd
CY2021Q3 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
35100000 usd
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
333875000 usd
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
347562000 usd
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5908000 usd
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7421000 usd
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
327967000 usd
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
340141000 usd
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
18250000 usd
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
18250000 usd
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
309717000 usd
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
321891000 usd
CY2020Q3 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
138895000 usd
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
250196000 usd
CY2020Q3 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
6628000 usd
us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
8514000 usd
CY2021Q3 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
14392000 usd
CY2021Q3 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
13015000 usd
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
3013000 usd
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
20943000 usd
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
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
CY2020Q3 acel Class Of Warrant Or Right Conversion Ratio
ClassOfWarrantOrRightConversionRatio
0.25
CY2020Q3 acel Class Of Warrant Or Right Conversion Ratio
ClassOfWarrantOrRightConversionRatio
0.25
CY2020Q3 acel Class Of Warrant Or Right Number Of Warrants Exercised
ClassOfWarrantOrRightNumberOfWarrantsExercised
7189990 shares
CY2020Q3 acel Class Of Warrant Or Right Exercised Percent Of Warrants Outstanding
ClassOfWarrantOrRightExercisedPercentOfWarrantsOutstanding
0.9993
CY2020Q3 acel Sale Of Stock Aggregate Issuance Amount
SaleOfStockAggregateIssuanceAmount
84000000.0 usd
CY2020Q3 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
79200000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
3.205
acel Income Tax Expense Benefit Employee Compensation
IncomeTaxExpenseBenefitEmployeeCompensation
-8000000 usd
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
200000 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
24000 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
10000 shares
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3900000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11800000 usd
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6600000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-11800000 usd
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.267
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.322
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-27.361
CY2020Q3 acel Income Tax Expense Benefit Employee Compensation
IncomeTaxExpenseBenefitEmployeeCompensation
-8000000 usd
us-gaap Loss Contingency Number Of Defendants
LossContingencyNumberOfDefendants
10 defendant
CY2020Q3 acel Underwriting Fee Percent Stock Issuance Costs
UnderwritingFeePercentStockIssuanceCosts
0.045
CY2020Q3 acel Sale Of Stock Aggregate Issuance Amount
SaleOfStockAggregateIssuanceAmount
84000000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
10807000 usd
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
6835000 usd
us-gaap Net Income Loss
NetIncomeLoss
24753000 usd
us-gaap Net Income Loss
NetIncomeLoss
8110000 usd
CY2021Q3 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 usd
CY2020Q3 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 usd
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 usd
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-798000 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
10807000 usd
CY2020Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
6835000 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
24753000 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
7312000 usd
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94004000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82785000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93607000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79708000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
724000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
775000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
862000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
870000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94728000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83560000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94469000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80578000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5007024 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5532553 shares

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