$ACEL
Accel Entertainment, Inc.

2024 Q3 Form 10-Q Financial Statement

#000169899124000037 Filed on July 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $302.2M $309.4M
YoY Change 5.12% 5.73%
Cost Of Revenue $211.8M $216.5M
YoY Change 5.48% 5.88%
Gross Profit $90.42M $92.93M
YoY Change 4.31% 5.38%
Gross Profit Margin 29.92% 30.04%
Selling, General & Admin $47.93M $46.54M
YoY Change 6.08% 5.25%
% of Gross Profit 53.01% 50.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.00M $10.80M
YoY Change 17.02% 14.89%
% of Gross Profit 12.16% 11.62%
Operating Expenses $68.58M $70.25M
YoY Change 11.39% 19.02%
Operating Profit $21.85M $22.68M
YoY Change -13.04% -22.22%
Interest Expense -$9.164M -$8.906M
YoY Change 8.9% 8.04%
% of Operating Profit -41.95% -39.26%
Other Income/Expense, Net -$4.218M $4.742M
YoY Change 159.57% -198.06%
Pretax Income $8.464M $18.52M
YoY Change -43.87% 15.13%
Income Tax $3.600M $3.900M
% Of Pretax Income 42.53% 21.06%
Net Earnings $4.895M $14.59M
YoY Change -53.16% 46.11%
Net Earnings / Revenue 1.62% 4.71%
Basic Earnings Per Share $0.06 $0.17
Diluted Earnings Per Share $0.06 $0.17
COMMON SHARES
Basic Shares Outstanding 82.63M shares 83.75M shares
Diluted Shares Outstanding 84.32M shares 85.05M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $265.1M $254.9M
YoY Change 15.06% 9.21%
Cash & Equivalents $265.1M $254.9M
Short-Term Investments
Other Short-Term Assets $9.347M $11.11M
YoY Change -34.02% -6.87%
Inventory $9.090M $7.533M
Prepaid Expenses $8.168M $8.765M
Receivables $7.830M $15.15M
Other Receivables $0.00 $0.00
Total Short-Term Assets $323.3M $322.2M
YoY Change 14.39% 14.7%
LONG-TERM ASSETS
Property, Plant & Equipment $281.9M $276.5M
YoY Change 14.73% 17.31%
Goodwill $102.2M $101.9M
YoY Change 0.59% 0.3%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $345.0M $351.7M
YoY Change 0.56% 1.43%
Total Long-Term Assets $626.9M $628.1M
YoY Change 6.48% 7.86%
TOTAL ASSETS
Total Short-Term Assets $323.3M $322.2M
Total Long-Term Assets $626.9M $628.1M
Total Assets $950.2M $950.3M
YoY Change 9.04% 10.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.46M $34.48M
YoY Change 58.07% 40.64%
Accrued Expenses $49.53M $37.50M
YoY Change 45.62% 21.86%
Deferred Revenue $2.100M $2.000M
YoY Change 40.0% 33.33%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $28.49M $28.49M
YoY Change 0.04% 0.06%
Total Short-Term Liabilities $119.4M $105.8M
YoY Change 29.45% 14.02%
LONG-TERM LIABILITIES
Long-Term Debt $525.6M $537.3M
YoY Change 8.59% 9.71%
Other Long-Term Liabilities $6.188M $6.713M
YoY Change 6.95% 21.74%
Total Long-Term Liabilities $624.1M $635.5M
YoY Change 7.53% 9.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $119.4M $105.8M
Total Long-Term Liabilities $624.1M $635.5M
Total Liabilities $743.5M $741.3M
YoY Change 10.53% 9.89%
SHAREHOLDERS EQUITY
Retained Earnings $126.4M $121.5M
YoY Change 51.36% 66.31%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $133.8M $127.5M
YoY Change 37.18% 35.49%
Treasury Stock Shares
Shareholders Equity $206.7M $209.1M
YoY Change
Total Liabilities & Shareholders Equity $950.2M $950.3M
YoY Change 9.04% 10.08%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $4.895M $14.59M
YoY Change -53.16% 46.11%
Depreciation, Depletion And Amortization $11.00M $10.80M
YoY Change 17.02% 14.89%
Cash From Operating Activities $50.05M $28.86M
YoY Change 77.44% 11.61%
INVESTING ACTIVITIES
Capital Expenditures $16.94M $17.51M
YoY Change -9.01% -13.2%
Acquisitions
YoY Change
Other Investing Activities -$3.959M -$25.92M
YoY Change 575.6% -194.19%
Cash From Investing Activities -$20.90M -$43.43M
YoY Change 8.83% -691.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.99M 15.57M
YoY Change 57.87% -155.02%
NET CHANGE
Cash From Operating Activities 50.05M 28.86M
Cash From Investing Activities -20.90M -43.43M
Cash From Financing Activities -18.99M 15.57M
Net Change In Cash 10.16M 1.004M
YoY Change -435.93% -79.53%
FREE CASH FLOW
Cash From Operating Activities $50.05M $28.86M
Capital Expenditures $16.94M $17.51M
Free Cash Flow $33.11M $11.35M
YoY Change 245.29% 99.65%

Facts In Submission

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CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-2166000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
9182000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-120000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
2062000 usd
us-gaap Net Income Loss
NetIncomeLoss
22002000 usd
us-gaap Net Income Loss
NetIncomeLoss
19165000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21228000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18509000 usd
acel Amortization Of Intangible Assets And Capitalized Contract Cost
AmortizationOfIntangibleAssetsAndCapitalizedContractCost
11027000 usd
acel Amortization Of Intangible Assets And Capitalized Contract Cost
AmortizationOfIntangibleAssetsAndCapitalizedContractCost
10526000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
904000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
893000 usd
acel Contingent Earnout Gain Loss On Change In Fair Value
ContingentEarnoutGainLossOnChangeInFairValue
26000 usd
acel Contingent Earnout Gain Loss On Change In Fair Value
ContingentEarnoutGainLossOnChangeInFairValue
-9438000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5585000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4255000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-218000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
37000 usd
acel Gain Loss On Contract With Customer Asset Liability
GainLossOnContractWithCustomerAssetLiability
-841000 usd
acel Gain Loss On Contract With Customer Asset Liability
GainLossOnContractWithCustomerAssetLiability
-483000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
4552000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
196000 usd
us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
1258000 usd
us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
1561000 usd
us-gaap Accretion Expense
AccretionExpense
647000 usd
us-gaap Accretion Expense
AccretionExpense
771000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-289000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1682000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-148000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
366000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
6414000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
1226000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2865000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-690000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1337000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2201000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1453000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-2568000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1041000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3534000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
57614000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
63845000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
38147000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
41637000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
330000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1142000 usd
acel Proceeds From Settlement Of Convertible Notes
ProceedsFromSettlementOfConvertibleNotes
0 usd
acel Proceeds From Settlement Of Convertible Notes
ProceedsFromSettlementOfConvertibleNotes
32065000 usd
acel Advances Against Purchase Price On Pending Business Acquisition
AdvancesAgainstPurchasePriceOnPendingBusinessAcquisition
9043000 usd
acel Advances Against Purchase Price On Pending Business Acquisition
AdvancesAgainstPurchasePriceOnPendingBusinessAcquisition
3700000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
5000000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
17464000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4115000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-69324000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16245000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
47500000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
115000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
24750000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
139250000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
15321000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
12313000 usd
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
487000 usd
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
481000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
68000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
17000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
291000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
354000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1680000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
881000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5022000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-38279000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6688000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9321000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
261611000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
224113000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
254923000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
233434000 usd
us-gaap Interest Paid Net
InterestPaidNet
15918000 usd
us-gaap Interest Paid Net
InterestPaidNet
15035000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11214000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6200000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
10382000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
10346000 usd
acel Deferred Premium On Derivatives
DeferredPremiumOnDerivatives
1571000 usd
acel Deferred Premium On Derivatives
DeferredPremiumOnDerivatives
2544000 usd
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
19566000 usd
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
4115000 usd
acel Noncash Or Part Noncash Acquisition Contingent Consideration
NoncashOrPartNoncashAcquisitionContingentConsideration
2102000 usd
acel Noncash Or Part Noncash Acquisition Contingent Consideration
NoncashOrPartNoncashAcquisitionContingentConsideration
0 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
17464000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4115000 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. (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%">” or “Accel”)</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%"> 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.</span></div>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.
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:8pt;text-align:justify"><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 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.</span></div>
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
498653000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
462960000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
222176000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
202147000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
276477000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
260813000 usd
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10800000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21200000 usd
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9400000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18500000 usd
CY2024Q2 acel Contract With Customer Liability Gross
ContractWithCustomerLiabilityGross
11400000 usd
CY2023Q4 acel Contract With Customer Liability Gross
ContractWithCustomerLiabilityGross
7400000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
9500000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
6500000 usd
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2000000.0 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1500000 usd
CY2024Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
22100000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
20000000.0 usd
CY2024Q2 acel Capitalized Contract Cost Subject To Claw Back
CapitalizedContractCostSubjectToClawBack
1400000 usd
CY2023Q4 acel Capitalized Contract Cost Subject To Claw Back
CapitalizedContractCostSubjectToClawBack
1000000.0 usd
CY2024Q2 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
38927000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
33855000 usd
CY2024Q2 us-gaap Capitalized Contract Cost Accumulated Amortization
CapitalizedContractCostAccumulatedAmortization
15222000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Accumulated Amortization
CapitalizedContractCostAccumulatedAmortization
14667000 usd
CY2024Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
23705000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
19188000 usd
CY2024Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
600000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1100000 usd
CY2023Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
400000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
800000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
300520000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
286728000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
119170000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
110417000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
181350000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
176311000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
101900000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
101600000 usd
CY2024Q2 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
37400000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
101554000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
305000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
101859000 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
568125000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
545375000 usd
CY2024Q2 acel Interest Rate Caplet Liability
InterestRateCapletLiability
1571000 usd
CY2023Q4 acel Interest Rate Caplet Liability
InterestRateCapletLiability
2059000 usd
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3955000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4860000 usd
CY2024Q2 us-gaap Long Term Debt
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CY2023Q4 us-gaap Long Term Debt
LongTermDebt
542574000 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
28489000 usd
CY2023Q4 us-gaap Long Term Debt Current
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28483000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
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CY2023Q4 us-gaap Long Term Debt Noncurrent
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514091000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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2100000 usd
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
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CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
2500000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
5100000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
2300000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
4200000 usd
CY2024Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
5144 shares
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3200000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6100000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12100000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.212
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.283
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.379
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.387
CY2012 us-gaap Loss Contingency Number Of Defendants
LossContingencyNumberOfDefendants
10 defendant
us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
200000 usd
us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
1200000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
14586000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
9983000 usd
us-gaap Net Income Loss
NetIncomeLoss
22002000 usd
us-gaap Net Income Loss
NetIncomeLoss
19165000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83911000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86184000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84105000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86529000 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1143000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
636000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1073000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
442000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85054000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86820000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85178000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86971000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4340250 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4818079 shares
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001698991-24-000037-index-headers.html Edgar Link pending
0001698991-24-000037-index.html Edgar Link pending
0001698991-24-000037.txt Edgar Link pending
0001698991-24-000037-xbrl.zip Edgar Link pending
accelexhibit3116302024.htm Edgar Link pending
accelexhibit3126302024.htm Edgar Link pending
accelexhibit3216302024.htm Edgar Link pending
accelexhibit32263024.htm Edgar Link pending
acel-20240630.htm Edgar Link pending
acel-20240630.xsd Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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acel-20240630_def.xml Edgar Link unprocessable
acel-20240630_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
acel-20240630_pre.xml Edgar Link unprocessable
acel-20240630_htm.xml Edgar Link completed
R44.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
acel-20240630_cal.xml Edgar Link unprocessable