2020 Q2 Form 10-Q Financial Statement

#000131856820000204 Filed on August 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $38.72M $129.7M
YoY Change -70.15% 9.29%
Cost Of Revenue $9.100M $26.04M
YoY Change -65.05% 10.03%
Gross Profit $29.70M $103.7M
YoY Change -71.35% 9.1%
Gross Profit Margin 76.71% 79.92%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $5.193M $6.672M
YoY Change -22.17% 45.2%
% of Gross Profit 17.48% 6.44%
Depreciation & Amortization $16.30M $15.30M
YoY Change 6.54% 11.68%
% of Gross Profit 54.88% 14.76%
Operating Expenses $5.193M $6.672M
YoY Change -22.17% 45.2%
Operating Profit -$52.73M $24.88M
YoY Change -311.93% 10.1%
Interest Expense -$19.82M -$20.43M
YoY Change -2.99% -7.63%
% of Operating Profit -82.13%
Other Income/Expense, Net -$19.90M -$20.43M
YoY Change -2.6% -8.32%
Pretax Income -$72.63M $4.446M
YoY Change -1733.58% 1338.83%
Income Tax -$4.148M -$1.040M
% Of Pretax Income -23.39%
Net Earnings -$68.48M $5.486M
YoY Change -1348.29% 271.93%
Net Earnings / Revenue -176.88% 4.23%
Basic Earnings Per Share -$0.80 $0.08
Diluted Earnings Per Share -$0.80 $0.07
COMMON SHARES
Basic Shares Outstanding 85.12M shares 71.48M shares
Diluted Shares Outstanding 85.12M shares 79.16M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $260.4M $123.8M
YoY Change 110.34% 12.34%
Cash & Equivalents $257.4M $123.8M
Short-Term Investments
Other Short-Term Assets $1.566M $3.071M
YoY Change -49.01% 17.89%
Inventory $33.84M $28.59M
Prepaid Expenses $14.60M $13.44M
Receivables $104.6M $315.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $415.3M $492.5M
YoY Change -15.68% 38.99%
LONG-TERM ASSETS
Property, Plant & Equipment $113.0M $111.1M
YoY Change 1.71% -9.94%
Goodwill $681.5M $673.4M
YoY Change 1.21% 5.12%
Intangibles $242.0M $284.3M
YoY Change -14.89% -7.27%
Long-Term Investments
YoY Change
Other Assets $16.19M $21.23M
YoY Change -23.75% 240.36%
Total Long-Term Assets $1.069B $1.104B
YoY Change -3.17% 1.69%
TOTAL ASSETS
Total Short-Term Assets $415.3M $492.5M
Total Long-Term Assets $1.069B $1.104B
Total Assets $1.484B $1.596B
YoY Change -7.03% 10.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $49.91M $82.01M
YoY Change -39.14% 26.27%
Accrued Expenses $20.90M $24.10M
YoY Change -13.28% 26.18%
Deferred Revenue $39.32M $29.54M
YoY Change 33.08%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.250M $8.200M
YoY Change -84.76% 0.0%
Total Short-Term Liabilities $307.0M $485.9M
YoY Change -36.82% 35.66%
LONG-TERM LIABILITIES
Long-Term Debt $1.161B $1.139B
YoY Change 1.96% -1.59%
Other Long-Term Liabilities $13.50M $29.70M
YoY Change -54.55% 262.2%
Total Long-Term Liabilities $1.196B $1.195B
YoY Change 0.09% -0.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $307.0M $485.9M
Total Long-Term Liabilities $1.196B $1.195B
Total Liabilities $1.503B $1.681B
YoY Change -10.58% 7.73%
SHAREHOLDERS EQUITY
Retained Earnings -$294.9M -$218.1M
YoY Change 35.19% -7.48%
Common Stock $456.7M $312.6M
YoY Change 46.07% 6.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$18.76M -$84.44M
YoY Change
Total Liabilities & Shareholders Equity $1.484B $1.596B
YoY Change -7.03% 10.87%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$68.48M $5.486M
YoY Change -1348.29% 271.93%
Depreciation, Depletion And Amortization $16.30M $15.30M
YoY Change 6.54% 11.68%
Cash From Operating Activities $92.40M $24.50M
YoY Change 277.14% 49.39%
INVESTING ACTIVITIES
Capital Expenditures -$7.600M -$23.50M
YoY Change -67.66% -25.63%
Acquisitions
YoY Change
Other Investing Activities -$5.200M -$6.300M
YoY Change -17.46% 16.67%
Cash From Investing Activities -$12.80M -$29.80M
YoY Change -57.05% -19.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 120.3M -11.80M
YoY Change -1119.49% 1080.0%
NET CHANGE
Cash From Operating Activities 92.40M 24.50M
Cash From Investing Activities -12.80M -29.80M
Cash From Financing Activities 120.3M -11.80M
Net Change In Cash 199.9M -17.10M
YoY Change -1269.01% -21.2%
FREE CASH FLOW
Cash From Operating Activities $92.40M $24.50M
Capital Expenditures -$7.600M -$23.50M
Free Cash Flow $100.0M $48.00M
YoY Change 108.33% 0.0%

Facts In Submission

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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Inventory Write Down
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us-gaap Asset Impairment Charges
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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evri Increase Decrease In Settlement Receivables
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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evri Increase Decrease In Settlement Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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24060000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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20000000 USD
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Secured Debt
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125000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
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0 USD
us-gaap Proceeds From Lines Of Credit
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35000000 USD
us-gaap Proceeds From Lines Of Credit
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us-gaap Repayments Of Unsecured Debt
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us-gaap Repayments Of Unsecured Debt
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us-gaap Repayments Of Lines Of Credit
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CY2020Q2 us-gaap Severance Costs1
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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714000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-38788000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-173454000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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296610000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
299181000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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257822000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Interest Paid Net
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293000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
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2288000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
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3321000 USD
evri Accrued And Unpaid Placement Fees
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0 USD
evri Accrued And Unpaid Placement Fees
AccruedAndUnpaidPlacementFees
585000 USD
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
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0 USD
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
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27556000 USD
evri Transfer Of Leased Gaming Equipment To Inventory
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5578000 USD
evri Transfer Of Leased Gaming Equipment To Inventory
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7637000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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860000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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15132000 USD
CY2018Q4 us-gaap Stockholders Equity
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CY2019Q1 us-gaap Net Income Loss
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5860000 USD
CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
504000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1773000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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4971000 USD
CY2019Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2019Q1 us-gaap Stockholders Equity
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CY2019Q2 us-gaap Net Income Loss
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CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-35000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2019Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2019Q2 us-gaap Stockholders Equity
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CY2019Q4 us-gaap Stockholders Equity
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CY2020Q1 us-gaap Net Income Loss
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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-1958000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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4173000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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1642000 USD
CY2020Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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42000 USD
CY2020Q1 us-gaap Stockholders Equity
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44349000 USD
us-gaap Asset Impairment Charges
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11000000.0 USD
CY2020Q2 us-gaap Net Income Loss
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-68481000 USD
CY2020Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
304000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4638000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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502000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
473000 USD
CY2020Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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547000 USD
CY2020Q2 us-gaap Stockholders Equity
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-18762000 USD
us-gaap Nature Of Operations
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BUSINESS<div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Everi Holdings Inc. (“Everi Holdings,” or “Everi”) is a holding company, the assets of which are the issued and outstanding shares of capital stock of each of Everi Payments Inc. (“Everi FinTech” or “FinTech”) and Everi Games Holding Inc., which owns all of the issued and outstanding shares of capital stock of Everi Games Inc. (“Everi Games” or “Games”). Unless otherwise indicated, the terms the “Company,” “we,” “us,” and “our” refer to Everi Holdings together with its consolidated subsidiaries.</span></div><div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Everi is a leading supplier of entertainment and technology solutions for the casino, digital online, and gaming industry. With a focus on both customers and players, Everi develops, sells, and leases games and gaming machines, gaming systems and services, and is an innovator and provider of core financial products and services, self-service player loyalty tools and promotion management software, and intelligence and regulatory compliance solutions. Everi’s mission is to provide casino operators with games that facilitate memorable player experiences, offer secure financial transactions for casinos and their patrons, and deliver software applications and self-service tools to improve casino operations’ efficiencies and fulfill regulatory compliance requirements.</span></div><div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Everi Holdings reports its results of operations based on two operating segments: Games and FinTech. </span></div><div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Everi Games provides gaming operators with gaming technology products and services, including: (a) gaming machines, primarily comprising Class II and Class III slot machines placed under participation or fixed-fee lease arrangements or sold to casino customers; (b) providing and maintaining the central determinant systems for the video lottery terminals (“VLTs”) installed in the State of New York and similar technology in certain tribal jurisdictions; and (c) business-to-business (“B2B”) and business-to-consumer (“B2C”) digital online gaming activities.</span></div><div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Everi FinTech provides gaming operators with financial technology products and services, including: (a) services and equipment that facilitate casino patrons’ self-service access to cash at gaming facilities via Automated Teller Machine (“ATM”) cash withdrawals, credit card cash access transactions and point-of-sale (“POS”) debit card purchase and cash access transactions; (b) check warranty services; (c) self-service player loyalty enrollment and marketing equipment, including promotion management software and tools; (d) software and services that improve credit decision making, automate cashier operations, and enhance patron marketing activities for gaming establishments; (e) equipment that provides cash access and other cash handling efficiency-related services; and (f) compliance, audit, and data solutions. </span></div><div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Impact of COVID-19 Pandemic</span></div><div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The COVID-19 pandemic has negatively impacted the global economy, disrupted global supply chains, lowered equity market valuations, created significant volatility in the financial markets, increased unemployment levels, caused temporary, and in certain cases, closures of many businesses. The gaming industry was not immune to these factors as our casino customers closed their gaming establishments, and as a result, our operations have experienced significant disruptions. At the immediate onset of the COVID-19 pandemic, we were affected by various measures, including, but not limited to: the institution of social distancing and sheltering-in-place requirements in many states and communities, which significantly impacted demand for our products and services, and resulted in office closures, the furlough of a majority of our employees, the implementation of temporary base salary reductions for our employees and the implementation of a work-from-home policy. </span></div><div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">During the second quarter of 2020, businesses began to adapt to social-distancing measures and various phases of reopening pursuant to government-mandated guidelines. As gaming establishments reopened, a number of casino operators initially experienced an elevated level of activity as compared to what was originally anticipated. This initial demand that occurred during the second quarter of 2020 has recently flattened to slightly below pre-COVID levels. It is unclear if, and when, volume will return to pre-COVID levels; however, we continue to monitor the impacts of COVID-19 and make adjustments accordingly. </span></div><div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">With our gaming customers reopening casino properties, we have recalled a majority of our furloughed employees on primarily a work-from-home basis consistent with our remaining employees and reversed a significant portion of their temporary pay reductions as our revenues began to return toward the end of the second quarter of 2020. In addition, a number of casino </span></div><div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">properties have closed for a second time, and if this continues to occur, it may have an adverse impact on our revenue expectations in the near-term. </span></div><div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">In parallel, in connection with the uncertainty facing our customers as a result of COVID-19, we have evaluated our business strategies and implemented measures to reduce the size of our ongoing operating costs. As a result of this evaluation, we permanently reduced our employee base, with most of the departures resulting from our furloughed employees, to accommodate the current and future operating needs of our customers and our business.</span></div><div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The impact of the COVID-19 pandemic also exacerbates the risks disclosed in our Annual Report, including, but not limited to: our ability to comply with the terms of our indebtedness, our ability to generate revenues, earn profits and maintain adequate liquidity, our ability to service existing and attract new customers, maintain our overall competitiveness in the market, the potential for significant fluctuations in demand for our services, overall trends in the gaming industry impacting our business, as well as potential volatility in our stock price, among other consequences such as cybersecurity exposure.</span></div><div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The impact of the COVID-19 pandemic on the Company’s operations, and significant and sustained decline in our stock price, qualified as a triggering event necessitating the evaluation of our long-lived assets and goodwill for indicators of impairment. We conducted a goodwill quantitative impairment assessment as of May 31, 2020. See </span><span style="background-color:rgb(255,255,255, 0.0);color:#0e32e1;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;"><a href="#ib64eacce29394884bc8c6100309df2f2_55" style="background-color:rgb(255,255,255, 0.0);color:#0e32e1;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;">“Note 9 — Property and Equipment”</a></span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> and </span><span style="background-color:rgb(255,255,255, 0.0);color:#0e32e1;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;"><a href="#ib64eacce29394884bc8c6100309df2f2_58" style="background-color:rgb(255,255,255, 0.0);color:#0e32e1;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;">“Note 10 — Goodwill and Other Intangible Assets.”</a></span></div><div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Results of Operations and Liquidity </span></div><div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">To date, our operations have experienced revenue reductions and significant disruptions as a direct consequence of the circumstances surrounding the COVID-19 pandemic. This had a material adverse impact on our overall results of operations and financial condition for the current reporting period. As such, we have implemented a range of actions to maintain balance sheet flexibility and preserve liquidity as a result of the business disruption caused by the rapid nationwide spread of COVID-19, including, but not limited to:</span></div><div style="text-indent:-18pt;padding-left:36pt;text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">At the onset of COVID-19 pandemic:</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">we completed the full draw down of our available capacity of $35.0 million under the Revolving Credit Facility in order to improve our liquidity and preserve financial flexibility in light of the uncertainty in our industry and the global economy as a result of COVID-19 (as discussed and defined in </span><span style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;"><a href="#ib64eacce29394884bc8c6100309df2f2_64" style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;">“Note 12 — Long-Term Debt”</a></span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">);</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">we entered into a fourth amendment (the “Fourth Amendment”) to our existing Credit Agreement (as defined in </span><span style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;"><a href="#ib64eacce29394884bc8c6100309df2f2_64" style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;">“Note 12 — Long-Term Debt”</a></span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">), which among other things, amended our debt covenants to provide relief with respect to our senior secured leverage ratio (as discussed and defined in </span><span style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;"><a href="#ib64eacce29394884bc8c6100309df2f2_64" style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;">“Note 12 — Long-term Debt”</a></span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">);</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">we also entered into a new credit agreement, which provides for a $125.0 million senior secured term loan, which is secured on a pari passu basis with the loans under our existing Credit Agreement. The entire amount was borrowed upon closing (as discussed and defined in </span><span style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;"><a href="#ib64eacce29394884bc8c6100309df2f2_64" style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;">“Note 12 — Long-term Debt”</a></span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">);</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">our executive officers elected to accept significant reductions to their compensation during the pendency of the COVID-19 pandemic in order to better position the Company to withstand the challenging conditions that have caused global and domestic disruption in the current economic environment;</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">our independent members of the Board of Directors of the Company elected to forgo their quarterly cash compensation for Board and related committee services;</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">we furloughed a majority of our staff;</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">we reduced the salaries of our employee-base from approximately 15% to 70%;</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">we suspended certain employee benefits, such as providing a Company match on 401(k) contributions;</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">we implemented a remote working environment;</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">we canceled or delayed material capital expenditures;</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">we suspended our share repurchases under our previously authorized repurchase program; and </span></div><div style="text-indent:-18pt;padding-left:36pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">As of the end of the second quarter of 2020:</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">we have implemented a safe workplace return policy for those of our employees who return to our facilities; </span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">we have since returned most of our furloughed employees to work;</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">we have since restored most of the base compensation to our employee-base;</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">we completed a reduction-in-force and incurred severance costs, among other expenses, of approximately $2.7 million;</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">we recorded a write-down of assets of approximately $11.0 million, of which $9.2 million and $1.8 million related to our Games and Fintech businesses, respectively, for certain of our trade receivables, inventory, prepaid expenses and other assets, fixed assets and other intangible assets that were not expected to be recoverable. This charge was reflected in Operating Expenses in our Statements of Operations. While we are unable to determine the nature, or amount, of further write-down charges, it is possible that we may record additional amounts to the extent we experience a decline in operations and financial performance in the future;</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">we have since returned a portion of the cash compensation to our Board of Directors; and</span></div><div style="text-indent:-18pt;padding-left:72pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">we have since returned a portion of the base compensation to our executives.</span></div><div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Government Relief</span></div><div style="text-align:justify;margin-top:9pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">In late March 2020, the U.S. government enacted the Coronavirus Aid Relief and Economic Security Act (the “CARES Act”) in response to the COVID-19 pandemic. We have taken advantage of the following components contained within the CARES Act:</span></div><div style="text-indent:-18pt;padding-left:36pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">Employee Retention Payroll Tax Credit: We are applying a credit against payroll taxes for 50% of eligible employee wages paid or incurred from March 13, 2020 to December 31, 2020. This employee retention payroll tax credit would be provided for as much as $10,000 of qualifying wages for each eligible employee, including health benefits;</span></div><div style="text-indent:-18pt;padding-left:36pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">Employer Social Security Tax Payment Deferral: We are deferring payment of the employer portion of the social security taxes due on remaining payments and from enactment of the CARES Act through December 31, 2020, with 50% due by December 31, 2021 and 50% due by December 31, 2022; and </span></div><div style="text-indent:-18pt;padding-left:36pt;text-align:justify;margin-top:6pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">Alternative Minimum Tax (“AMT”) Credit Refund: We are applying for a refund of our AMT tax credits as the CARES Act affords us the ability to accelerate the recovery of such credits.</span></div>
us-gaap Number Of Operating Segments
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2 segment
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CY2018Q4 evri Contract With Customer Asset After Allowance For Credit Loss Current
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6821000 USD
CY2019Q4 evri Contract With Customer Asset After Allowance For Credit Loss Non Current
ContractWithCustomerAssetAfterAllowanceForCreditLossNonCurrent
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CY2018Q4 evri Contract With Customer Asset After Allowance For Credit Loss Non Current
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CY2019Q4 us-gaap Contract With Customer Asset Net
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CY2018Q4 us-gaap Contract With Customer Asset Net
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CY2019Q2 evri Contract With Customer Asset After Allowance For Credit Loss Current
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CY2020Q2 evri Contract With Customer Asset After Allowance For Credit Loss Non Current
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CY2019Q2 evri Contract With Customer Asset After Allowance For Credit Loss Non Current
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CY2020Q2 us-gaap Contract With Customer Asset Net
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CY2019Q2 us-gaap Contract With Customer Asset Net
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us-gaap Increase Decrease In Contract With Customer Asset
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CY2019Q4 us-gaap Contract With Customer Liability Current
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CY2018Q4 us-gaap Contract With Customer Liability Current
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CY2018Q4 us-gaap Contract With Customer Liability Noncurrent
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CY2019Q4 us-gaap Contract With Customer Liability
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CY2018Q4 us-gaap Contract With Customer Liability
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CY2020Q2 us-gaap Contract With Customer Liability Current
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CY2019Q2 us-gaap Contract With Customer Liability Current
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CY2019Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
484000 USD
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
39421000 USD
CY2019Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
30028000 USD
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
14558000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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257822000 USD
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CY2020Q2 us-gaap Operating Lease Right Of Use Asset
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CY2020Q2 us-gaap Operating Lease Liability Current
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CY2020Q2 us-gaap Operating Lease Liability Noncurrent
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CY2019Q4 us-gaap Operating Lease Liability Noncurrent
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9628000 USD
CY2019Q1 us-gaap Operating Lease Liability
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18000000.0 USD
CY2020Q2 us-gaap Operating Lease Payments
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2462000 USD
CY2019Q2 us-gaap Operating Lease Payments
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2029000 USD
us-gaap Operating Lease Payments
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4250000 USD
us-gaap Operating Lease Payments
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3717000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
156000 USD
CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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860000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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15132000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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evri Right Of Use Asset Obtained In Exchange For Operating Lease Liability Existing
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityExisting
14100000 USD
evri Right Of Use Asset Obtained In Exchange For Operating Lease Liability New
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2600000 USD
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3364000 USD
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CY2019Q4 us-gaap Inventory Work In Process
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InventoryFinishedGoods
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OperatingLeaseRightOfUseAsset
9782000 USD
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OperatingLeaseRightOfUseAsset
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CY2020Q2 evri Prepaid Expense And Deposits Non Current
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7378000 USD
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362000 USD
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460000 USD
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469000 USD
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244000 USD
CY2020Q2 us-gaap Other Assets Noncurrent
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20339000 USD
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CY2019Q2 evri Placement Fee
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6500000 USD
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190225000 USD
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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192138000 USD
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112996000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
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319094000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
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CY2020Q2 us-gaap Depreciation
Depreciation
16300000 USD
us-gaap Depreciation
Depreciation
32500000 USD
CY2019Q2 us-gaap Depreciation
Depreciation
15300000 USD
us-gaap Depreciation
Depreciation
30000000.0 USD
CY2020Q2 us-gaap Goodwill
Goodwill
681500000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
681600000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
685900000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
443885000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
242015000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
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279187000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
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19300000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
38600000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17700000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
34000000.0 USD
CY2020Q2 evri Placement Fee
PlacementFee
300000 USD
evri Placement Fee
PlacementFee
900000 USD
evri Placement Fee
PlacementFee
12100000 USD
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200000 USD
evri Imputed Interest In Placement Fees
ImputedInterestInPlacementFees
500000 USD
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49908000 USD
CY2019Q4 us-gaap Accounts Payable Current
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28510000 USD
CY2020Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
14000000 USD
CY2019Q4 us-gaap Loss Contingency Accrual At Carrying Value
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14000000 USD
CY2020Q2 evri Contingent Considerations And Acquisition Related Liabilities
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19490000 USD
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CY2020Q2 us-gaap Interest Payable Current
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1347000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
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6167000 USD
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5824000 USD
CY2020Q2 evri Processing And Related Expenses Current
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11655000 USD
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18058000 USD
CY2020Q2 us-gaap Accrued Income Taxes Current
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1615000 USD
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5511000 USD
CY2020Q2 us-gaap Other Accrued Liabilities Current
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2354000 USD
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3893000 USD
CY2020Q2 us-gaap Employee Related Liabilities Current
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1679000 USD
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1846000 USD
CY2020Q2 evri Placement Fees Outstanding Amount
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0 USD
CY2019Q4 evri Placement Fees Outstanding Amount
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585000 USD
CY2020Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
147639000 USD
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
173103000 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
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1180881000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
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1124000000 USD
CY2020Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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18251000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
15922000 USD
CY2020Q2 us-gaap Long Term Debt
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1162630000 USD
CY2019Q4 us-gaap Long Term Debt
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CY2020Q2 us-gaap Long Term Debt Current
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1250000 USD
CY2019Q4 us-gaap Long Term Debt Current
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0 USD
CY2020Q2 us-gaap Long Term Debt Noncurrent
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CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1108078000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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-7500000 USD
CY2020Q2 us-gaap Loss Contingency Accrual At Carrying Value
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14000000.0 USD
CY2020Q2 us-gaap Loss Contingency Receivable
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7700000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85122000 shares
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CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7681000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6302000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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85122000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79158000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84873000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77211000 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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13600000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6200000 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1700000 shares
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.057
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.059
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.234
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.144
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020Q2 us-gaap Unrecognized Tax Benefits
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1400000 USD
CY2020Q2 us-gaap Assets
Assets
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CY2019Q4 us-gaap Assets
Assets
1629223000 USD
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
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0.057
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210

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