$ 139,113

$ 113,308

38,043

39,272

8,413

8,355

16,177

16,243

14,715

19,324

Interest expense, net of interest income

98,919

102,882

Operating income

40,194

10,426

Other expenses

18,471

17,499

Loss on extinguishment of debt

0

7,378

Total other expenses

18,471

24,877

Income (loss) before income tax

21,723

(14,451)

Income tax provision (benefit)

1,189

(997)

Net income (loss)

20,534

(13,454)

Foreign currency translation

(221)

(1,958)

Comprehensive income (loss)

$ 20,313

$ (15,412)

Earnings (loss) per share

Basic (in dollars per share)

$ 0.24

$ (0.16)

Diluted (in dollars per share)

$ 0.21

$ (0.16)

Weighted average common shares outstanding

Basic (in shares)

86,984

84,624

Diluted (in shares)

97,968

84,624

Games

Revenues

$ 76,151

$ 57,290

^[1]

15,066

11,369

14,595

14,805

5,667

6,195

14,563

14,728

10,984

15,585

Games | Gaming operations

60,875

62,682

Operating income

15,276

(5,392)

Revenues

58,141

45,686

Games | Gaming equipment and systems

^[1]

4,759

4,545

Revenues

17,988

11,583

^[1]

10,307

6,824

Games | Gaming other

Revenues

22

21

FinTech

Revenues

62,962

56,018

^[1]

6,505

8,319

23,448

24,467

2,746

2,160

1,614

1,515

3,731

3,739

FinTech | Financial access services

38,044

40,200

Operating income

24,918

15,818

Revenues

38,712

36,973

FinTech | Software and other

^[1]

1,473

3,555

Revenues

17,246

12,694

^[1]

1,004

873

FinTech | Hardware

Revenues

7,004

6,351

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

^[1]

$ 4,028

$ 3,891

[1]	(1) Exclusive of depreciation and amortization.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 335,133	$ 251,706
Settlement receivables	45,822	60,652
Trade and other receivables, net of allowances for credit losses of $4,449 and $3,689 at March 31, 2021 and December 31, 2020, respectively	80,235	74,191
Inventory	29,729	27,742
Prepaid expenses and other current assets	19,865	17,348
Total current assets	510,784	431,639
Non-current assets
Property and equipment, net	109,909	112,323
Goodwill	681,981	681,974
Other intangible assets, net	203,093	214,627
Other receivables	14,238	14,620
Other assets	19,809	21,996
Total non-current assets	1,029,030	1,045,540
Total assets	1,539,814	1,477,179
Current liabilities
Settlement liabilities	198,316	173,211
Accounts payable and accrued expenses	157,029	145,029
Current portion of long-term debt	1,250	1,250
Total current liabilities	356,595	319,490
Non-current liabilities
Long-term debt, less current portion	1,128,815	1,128,003
Deferred tax liability, net	20,776	19,956
Other accrued expenses and liabilities	16,096	17,628
Total non-current liabilities	1,165,687	1,165,587
Total liabilities	1,522,282	1,485,077
Commitments and contingencies (Note 13)
Stockholders’ equity (deficit)
Convertible preferred stock, $0.001 par value, 50,000 shares authorized and no shares outstanding at March 31, 2021 and December 31, 2020, respectively	0	0
Common stock, $0.001 par value, 500,000 shares authorized and 112,852 and 87,651 shares issued and outstanding at March 31, 2021, respectively, and 111,872 and 86,683 shares issued and outstanding at December 31, 2020, respectively	113	112
Additional paid-in capital	471,902	466,614
Accumulated deficit	(274,086)	(294,620)
Accumulated other comprehensive loss	(1,412)	(1,191)
Treasury stock, at cost, 25,202 and 25,190 shares at March 31, 2021 and December 31, 2020, respectively	(178,985)	(178,813)
Total stockholders’ equity (deficit)	17,532	(7,898)
Total liabilities and stockholders’ equity (deficit)	$ 1,539,814	$ 1,477,179

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Current assets
Allowances for doubtful accounts	$ 4,449	$ 3,689
Stockholders’ equity (deficit)
Convertible preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Convertible preferred stock authorized (in shares)	50,000,000	50,000,000
Convertible preferred stock outstanding (in shares)	0	0
Common stock par value (in dollars per share)	$ 0.001	$ 0.001
Common stock authorized (in shares)	500,000,000	500,000,000
Common stock issued (in shares)	112,852,000	111,872,000
Common stock outstanding (in shares)	87,651,000	86,683,000
Treasury stock (in shares)	25,202,000	25,190,000

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities
Net income (loss)	$ 20,534	$ (13,454)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:
Depreciation	16,177	16,243
Amortization	14,715	19,324
Non-cash lease expense	1,196	1,056
Amortization of financing costs and discounts	1,172	854
Loss on sale or disposal of assets	743	87
Accretion of contract rights	2,318	2,170
Provision for credit losses	1,999	3,750
Deferred income taxes	820	(1,175)
Reserve for inventory obsolescence	467	362
Loss on extinguishment of debt	0	7,378
Stock-based compensation	3,005	2,483
Changes in operating assets and liabilities:
Settlement receivables	14,832	67,604
Trade and other receivables	(7,673)	15,846
Inventory	(2,438)	(13,131)
Prepaid expenses and other assets	(1,863)	856
Settlement liabilities	25,105	(221,832)
Accounts payable and accrued expenses	20,497	(19,257)
Net cash provided by (used in) operating activities	111,606	(130,836)
Cash flows from investing activities
Capital expenditures	(20,035)	(22,507)
Acquisitions, net of cash acquired	(10,000)	(10,000)
Proceeds from sale of property and equipment	80	30
Placement fee agreements	0	(585)
Net cash used in investing activities	(29,955)	(33,062)
Cash flows from financing activities
Repayments of incremental term loan	(313)	0
Proceeds from revolving credit facility	0	35,000
Repayments of existing term loan	0	(13,500)
Repayments of unsecured notes	0	(89,619)
Fees associated with debt transactions	0	(6,491)
Proceeds from exercise of stock options	2,285	1,642
Treasury stock	(173)	(42)
Net cash provided by (used in) financing activities	1,799	(73,010)
Effect of exchange rates on cash and cash equivalents	(120)	(2,592)
Cash, cash equivalents and restricted cash
Net increase (decrease) for the period	83,330	(239,500)
Balance, beginning of the period	252,349	296,610
Balance, end of the period	335,679	57,110
Supplemental cash disclosures
Cash paid for interest	12,026	10,855
Cash refunded for income tax, net	(197)	(78)
Supplemental non-cash disclosures
Accrued and unpaid capital expenditures	2,786	4,488
Transfer of leased gaming equipment to inventory	$ 1,407	$ 5,529

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock
Balance, beginning of period (in shares) at Dec. 31, 2019		109,493
Balance, beginning of period at Dec. 31, 2019	$ 53,988	$ 109	$ 445,162	$ (212,940)	$ (819)	$ (177,524)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(13,454)			(13,454)
Foreign currency translation	(1,958)				(1,958)
Stock-based compensation expense	4,173		4,173
Exercise of options (in shares)		298
Exercise of options	1,642	$ 1	1,641
Restricted share vesting and withholding (in shares)		15
Restricted share vesting and withholding	(42)					(42)
Balance, end of period (in shares) at Mar. 31, 2020		109,806
Balance, end of period at Mar. 31, 2020	$ 44,349	$ 110	450,976	(226,394)	(2,777)	(177,566)
Balance, beginning of period (in shares) at Dec. 31, 2020	86,683	111,872
Balance, beginning of period at Dec. 31, 2020	$ (7,898)	$ 112	466,614	(294,620)	(1,191)	(178,813)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	20,534			20,534
Foreign currency translation	(221)				(221)
Stock-based compensation expense	3,005		3,005
Exercise of warrants (in shares)		378
Exercise of options (in shares)		561
Exercise of options	2,285	$ 1	2,284
Restricted share vesting and withholding (in shares)		41
Restricted share vesting and withholding	$ (173)		(1)			(172)
Balance, end of period (in shares) at Mar. 31, 2021	87,651	112,852
Balance, end of period at Mar. 31, 2021	$ 17,532	$ 113	$ 471,902	$ (274,086)	$ (1,412)	$ (178,985)

BUSINESS	3 Months Ended
BUSINESS	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS	BUSINESS 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. Everi is a leading supplier of entertainment and trusted technology solutions for the casino and digital gaming industry. Everi’s mission is to be the industry leader by reimagining the gaming experience. With a focus on player engagement and helping casino customers operate more efficiently, the Company develops entertaining game content and gaming machines, gaming systems, and services for land-based and iGaming operators. The Company is also the preeminent provider of trusted financial technology solutions that power the casino floor while improving operational efficiencies and fulfilling regulatory compliance requirements, including products and services that facilitate convenient and secure cash and cashless financial transactions, self-service player loyalty tools and applications, and regulatory and intelligence software. Everi reports its financial performance, and organizes and manages its operations, across the following two business segments: (i) Games and (ii) FinTech. Everi Games provides gaming operators with gaming technology products and services, including: (i) gaming machines, primarily comprising Class II and Class III slot machines placed under participation or fixed-fee lease arrangements or sold to casino customers; (ii) 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; (iii) business-to-business (“B2B”) and business-to-consumer (“B2C”) digital online gaming activities. Everi FinTech provides gaming operators with financial technology products and services, including: financial access and deposit-based services supporting digital, cashless and physical cash options across mobile, assisted and self-service channels along with related loyalty and marketing tools, and other information-related products and services. In addition, we provide an end-to-end security suite to protect against cyber-related attacks and maintain the necessary secured environments to maintain compliance with applicable regulatory requirements. These solutions include: access to cash and cashless funding at gaming facilities via Automated Teller Machine (“ATM”) debit withdrawals, credit card financial access transactions, and point of sale (“POS”) debit card purchases at casino cages, kiosk and mobile POS devices; federally insured deposit accounts for the CashClub Wallet, check warranty services, self-service ATMs and fully integrated kiosk and maintenance services; self-service loyalty tools and promotion management software; compliance, audit, and data software; casino credit data and reporting services; marketing and promotional offering subscription-based services; and other ancillary offerings. With respect to our FinTech business, we have made the following updates to certain of our financial statement descriptions, where applicable: (i) “Cash access services” has become “Financial access services;” (ii) “ATM” has been renamed “Funds dispensed;” (iii) “Equipment” has been changed to “Hardware;” and (iv) “Information services and other” has been revised to “Software and other.” These naming convention changes better represent how our business has evolved. Impact of Coronavirus Disease 2019 (“COVID-19”) Pandemic The COVID-19 pandemic has negatively impacted the global economy, disrupted global supply chains, temporarily lowered equity market valuations, created significant volatility in the financial markets, increased unemployment levels, caused temporary, and in certain cases, permanent 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 experienced significant disruptions in the first three quarters of 2020. 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 where we operate, 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. Since the onset of COVID-19, we have implemented measures to mitigate our exposure throughout the global pandemic. While there may be further uncertainty facing our customers as a result of COVID-19, we continue to evaluate our business strategies and the impacts of the global pandemic on our results of operations and financial condition and make business decisions to mitigate further risk. It is unclear when, and if, customer volumes will consistently return to pre-COVID levels, the extent a resurgence of COVID-19 could result in the further or re-closure of casinos by federal, state, tribal or municipal governments and regulatory agencies or by the casino operators themselves in an effort to contain the COVID-19 global pandemic or mitigate its impact and the impact of vaccines on these matters; however, we continue to monitor the impacts of the global pandemic and make adjustments to our business, accordingly. Industry conditions have improved as many of the casino properties that again temporarily closed operations in late 2020 began reopening in the first quarter of 2021. As of March 31, 2021, approximately 5% of casinos in the United States remained closed, according to the American Gaming Association. Our revenues, cash flows, and liquidity improved during the first quarter of 2021 as compared to the prior year on a sequential basis. At the onset of the pandemic, our customers implemented protocols intended to protect their patrons and guests from potential COVID-19 exposure and re-establish customer confidence in the gaming and hospitality industry. These measures included enhanced sanitization, limitations on public gathering and casino capacity, patron social distancing requirements, limitations on casino operations and amenities, of which have limited the number of patrons that are able or who desire to attend these venues. This has also impacted the pace at which demand for our products and services rebounds. We expect that demand for our products and services will continue to be tempered in the short-term, to the extent gaming activity decreases at our customers’ locations or fails to increase at expected rates return to pre-pandemic levels and to the extent our customers decide to restrict their capital spending as a result of uncertainty in the industry, or otherwise. As a result, we continue to monitor and manage liquidity levels and we may, from time to time, evaluate available capital resource alternatives on acceptable terms to provide additional financial flexibility. 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, and potential volatility in our stock price, among other consequences such as cybersecurity exposure.

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Mar. 31, 2021

Accounting Policies [Abstract]

Basis of Presentation

Our unaudited condensed consolidated financial statements included herein have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Some of the information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) have been condensed or omitted pursuant to such rules and regulations, although we believe the disclosures are adequate to make the information presented not misleading. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary for a fair statement of results for the interim periods have been made. The results for the three months ended March 31, 2021 are not necessarily indicative of results to be expected for the full fiscal year. The Financial Statements should be read in conjunction with the consolidated financial statements and notes thereto included in the 2020 Annual Report.

We evaluate the composition of our revenues to maintain compliance with SEC Regulation S-X Section 210.5-3, which requires us to separately present certain categories of revenues that exceed the quantitative threshold on our Statements of Operations.

Revenue Recognition

Overview

We evaluate the recognition of revenue based on the criteria set forth in Accounting Standards Codification (“ASC”) 606 — Revenue from Contracts with Customers and ASC 842 — Leases, as appropriate. We recognize revenue upon transferring control of goods or services to our customers in an amount that reflects the consideration we expect to receive in exchange for those goods or services. We enter into contracts with customers that include various performance obligations consisting of goods, services, or combinations of goods and services. Timing of the transfer of control varies based on the nature of the contract. We recognize revenue net of any sales and other taxes collected from customers, which are subsequently remitted to governmental authorities and are not included in revenues or operating expenses. We measure revenue based on the consideration specified in a contract with a customer and adjusted, as necessary.

Disaggregation of Revenues

We disaggregate revenues based on the nature and timing of the cash flows generated by such revenues as presented in “Note 18 — Segment Information.”

Contract Balances

Since our contracts may include multiple performance obligations, there is often a timing difference between cash collections and the satisfaction of such performance obligations and revenue recognition. Such arrangements are evaluated to determine whether contract assets and liabilities exist. We generally record contract assets when the timing of billing differs from when revenue is recognized due to contracts containing specific performance obligations that are required to be met prior to a customer being invoiced. We generally record contract liabilities when cash is collected in advance of us satisfying performance obligations, including those that are satisfied over a period of time. Balances of our contract assets and contract liabilities may fluctuate due to timing of cash collections.

The following table summarizes our contract assets and contract liabilities arising from contracts with customers (in thousands):


	Three Months Ended March 31,
	2021		2020
Contract assets(1)
Balance at January 1 — current	$	9,240	$	8,634
Balance at January 1 — non-current	8,321		6,774
Total	17,561		15,408
Balance at March 31 - current	9,796		8,559
Balance at March 31 - non-current	7,299		6,902
Total	17,095		15,461
(Decrease)/increase	$	(466)	$	53
Contract liabilities(2)
Balance at January 1 — current	$	26,980	$	28,510
Balance at January 1 — non-current	289		354
Total	27,269		28,864
Balance at March 31 - current	27,887		31,226
Balance at March 31 - non-current	98		185
Total	27,985		31,411
Increase	$	716	$	2,547

(1) The current portion of contract assets is included within trade and other receivables, net, and the non-current portion is included within other receivables in our Balance Sheets.

(2) The current portion of contract liabilities is included within accounts payable and accrued expenses, and the non-current portion is included within other accrued expenses and liabilities in our Balance Sheets.

We recognized approximately $10.5 million and $11.0 million in revenue that was included in the beginning contract liability balance during the three months ended March 31, 2021 and 2020, respectively.

Games Revenues

Our products and services include electronic gaming devices, such as Native American Class II offerings and other electronic bingo products, Class III slot machine offerings, VLTs, B2B and B2C digital online gaming activities, accounting and central determinant systems, and other back office systems. We conduct our Games segment business based on results generated from the following major revenue streams: (i) Gaming Operations; (ii) Gaming Equipment and Systems; and (iii) Gaming Other.

We recognize our Gaming Operations revenue based on criteria set forth in ASC 842 or ASC 606, as applicable. The amount of lease revenue included in our Gaming Operations revenues and recognized under ASC 842 was approximately $40.8 million and $34.0 million for the three months ended March 31, 2021 and 2020, respectively.

FinTech Revenues

Our FinTech products and services include solutions that we offer to gaming establishments to provide their patrons with financial access and deposit-based services supporting digital, cashless and physical cash options across mobile, assisted and self-service channels along with related loyalty and marketing tools, and other information-related products and services. In addition, we provide an end-to-end security suite to protect against cyber-related attacks and maintain the necessary secured environments to maintain compliance with applicable regulatory requirements. These solutions include: access to cash and cashless funding at gaming facilities via ATM debit withdrawals, credit card financial access transactions, and POS debit card purchases at casino cages, kiosk and mobile POS devices; federally insured deposit accounts for the CashClub Wallet, check warranty services, self-service ATMs and fully integrated kiosk and maintenance services; self-service loyalty tools and promotion management software; compliance, audit, and data software; casino credit data and reporting services; marketing and promotional offering subscription-based services; and other ancillary offerings. We conduct our FinTech segment business based on results generated from the following major revenue streams: (i) Financial Access Services; (ii) Software and Other; and (iii) Hardware.

Hardware revenues are derived from the sale of our financial access and loyalty kiosks and related equipment and are accounted for under ASC 606, unless such transactions meet the definition of a sales type or direct financing lease, which are accounted for under ASC 842. We did not have any new financial access kiosk and related equipment sales contracts accounted for under ASC 842 during the three months ended March 31, 2021 and 2020.

Restricted Cash

Our restricted cash primarily consists of: (i) funds held in connection with certain customer agreements; (ii) deposits held in connection with a sponsorship agreement; (iii) wide area progressive (“WAP”)-related restricted funds; and (iv) internet-related financial access activities. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Balance Sheets that sum to the total of the same such amounts shown in the statement of cash flows for the three months ended March 31, 2021 (in thousands).


	Classification on our Balance Sheets	At March 31, 2021		At December 31, 2020
Cash and cash equivalents	Cash and cash equivalents	$	335,133	$	251,706
Restricted cash - current	Prepaid expenses and other current assets	445		542
Restricted cash - non-current	Other assets	101		101
Total		$	335,679	$	252,349

Allowance for Credit Losses

We continually evaluate the collectability of outstanding balances and maintain an allowance for credit losses related to our trade and other receivables and notes receivable that have been determined to have a high risk of uncollectability, which represents our best estimates of the current expected credit losses to be incurred in the future. To derive our estimates, we analyze historical collection trends and changes in our customer payment patterns, current and expected conditions and market trends along with our operating forecasts, concentration, and creditworthiness when evaluating the adequacy of our allowance for credit losses. In addition, with respect to our check warranty receivables, we are exposed to risk for the losses associated with warranted items that cannot be collected from patrons issuing these items. We evaluate the collectability of the outstanding balances and establish a reserve for the face amount of the current expected credit losses related to these receivables. The provision for doubtful accounts receivable is included within operating expenses and the check warranty loss reserves are included within financial access services cost of revenues in the Statements of Operations.

Goodwill

Goodwill represents the excess of the purchase price over the identifiable tangible and intangible assets acquired plus liabilities assumed arising from business combinations. We test for impairment annually on a reporting unit basis, at the beginning of our fourth fiscal quarter and between annual tests if events and circumstances indicate it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The annual impairment test is completed using either: a qualitative “Step 0” assessment based on reviewing relevant events and circumstances; or a quantitative “Step 1” assessment, which determines the fair value of the reporting unit, using both an income approach that discounts future cash flows based on the estimated future results of our reporting units and a market approach that compares market multiples of comparable companies to determine whether or not any impairment exists. To the extent the carrying amount of a reporting unit is less than its estimated fair value, an impairment charge is recorded.

The evaluation of impairment of goodwill requires the use of estimates about future operating results. Changes in forecasted operations can materially affect these estimates, which could materially affect our results of operations and financial condition. The estimates of expected future cash flows require significant judgment and are based on assumptions we determined to be reasonable; however, they are unpredictable and inherently uncertain, including, estimates of future growth rates, operating margins and assumptions about the overall economic climate as well as the competitive environment within which we operate. There can be no assurance that our estimates and assumptions made for purposes of our impairment assessments as of the time of evaluation will prove to be accurate predictions of the future. If our assumptions regarding business plans, competitive environments, or anticipated growth rates are not correct, we may be required to record non-cash impairment charges in future periods, whether in connection with our normal review procedures periodically, or earlier, if an indicator of an impairment is present prior to such evaluation.

Our reporting units are identified as operating segments or one level below. Reporting units must: (i) engage in business activities from which they earn revenues and incur expenses; (ii) have operating results that are regularly reviewed by our segment management to ascertain the resources to be allocated to the segment and assess its performance; and (iii) have discrete financial information available. As of March 31, 2021, our reporting units included: (i) Games; (ii) Financial Access Services; (iii) Kiosk Sales and Services; (iv) Central Credit Services; (v) Compliance Sales and Services; and (vi) Loyalty Sales and Services.

Fair Values of Financial Instruments

The fair value of a financial instrument represents the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Fair value estimates are made at a specific point in time, based upon relevant market information about the financial instrument.

The carrying amount of cash and cash equivalents, restricted cash, settlement receivables, short-term trade and other receivables, settlement liabilities, accounts payable, and accrued expenses approximate fair value due to the short-term maturities of these instruments. The fair value of the long-term trade and loans receivable is estimated by discounting expected future cash flows using current interest rates at which similar loans would be made to borrowers with similar credit ratings and remaining maturities. The fair value of long-term accounts payable is estimated by discounting the total obligation using the appropriate interest rates. As of March 31, 2021 and December 31, 2020, the fair value of trade and loan receivable approximated the carrying value due to contractual terms generally being slightly over 12 months. The fair value of our borrowings is estimated based on various inputs to determine a market price, such as: market demand and supply, size of tranche, maturity, and similar instruments trading in more active markets. The estimated fair value and outstanding balances of our borrowings are as follows (dollars in thousands):


	Level of Hierarchy	Fair Value		Outstanding Balance
March 31, 2021
Term loan	2	$	731,749	$	735,500
Incremental term loan	2	$	130,886	$	124,063
Senior unsecured notes	2	$	296,454	$	285,381
December 31, 2020
Term loan	2	$	729,138	$	735,500
Incremental term loan	2	$	129,972	$	124,375
Senior unsecured notes	2	$	296,083	$	285,381

Our borrowings’ fair values were determined using Level 2 inputs based on quoted market prices for these securities.

Reclassification of Prior Year Balances

Reclassifications were made to prior-period Financial Statements to conform to the current period presentation, where applicable.

Recent Accounting Guidance

Recently Adopted Accounting Guidance


Standard	Description	Date of Adoption	Effect on Financial Statements
Accounting Standard Update (“ASU”) No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes	This ASU simplifies the accounting for income taxes by removing certain exceptions for investments, intraperiod allocations, and interim calculations, and adds guidance to reduce the complexity of applying Topic 740.	January 1, 2021	The adoption of this ASU did not have a material effect on our Financial Statements or on our disclosures.

Recent Accounting Guidance Not Yet Adopted

As of March 31, 2021, we did not identify recently issued accounting guidance that would have a significant impact on our consolidated financial statements.

LEASES

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

LEASES

We determine if a contract is, or contains, a lease at the inception, or modification, of a contract based on whether the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Control over the use of an asset is predicated upon the notion that a lessee has both the right to (i) obtain substantially all of the economic benefit from the use of the asset; and (ii) direct the use of the asset.

Operating lease right-of-use (“ROU”) assets and liabilities are recognized based on the present value of minimum lease payments over the expected lease term at commencement date. Lease expense is recognized on a straight-line basis over the expected lease term. Our lease arrangements have both lease and non-lease components, and we have elected the practical expedient to account for the lease and non-lease elements as a single lease.

Certain of our lease arrangements contain options to renew with terms that generally have the ability to extend the lease term to a range of approximately 1 to 10 years. The exercise of lease renewal options is generally at our sole discretion. The expected lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise such option. The depreciable life of leased assets and leasehold improvements are limited by the expected term of such assets, unless there is a transfer of title or purchase option reasonably certain to be exercised.

Lessee

We enter into operating lease agreements for real estate purposes that generally consist of buildings for office space and warehouses for manufacturing purposes. Certain of our lease agreements consist of rental payments that are periodically adjusted for inflation. Our lease agreements do not contain material residual value guarantees or material restrictive covenants. Our lease agreements do not generally provide explicit rates of interest; therefore, we use our incremental collateralized borrowing rate, which is based on a fully collateralized and fully amortizing loan with a maturity date the same as the length of the lease that is based on the information available at the commencement date to determine the present value of lease payments. Leases with an expected term of 12 months or less (short-term) are not accounted for on our Balance Sheets. As of March 31, 2021 and December 31, 2020, our finance leases are immaterial.

Supplemental balance sheet information related to our operating leases is as follows (in thousands):


	Classification on our Balance Sheets	At March 31, 2021		At December 31, 2020
Assets
Operating lease ROU assets	Other assets, non-current	$	14,907	$	16,104
Liabilities(1)
Current operating lease liabilities	Accounts payable and accrued expenses	$	5,605	$	5,649
Non-current operating lease liabilities	Other accrued expenses and liabilities	$	14,798	$	16,077

Supplemental cash flow information related to leases is as follows (in thousands):


	Three Months Ended March 31,
	2021		2020
Cash paid for:
Long-term operating leases	$	1,625	$	1,299
Short-term operating leases	$	430	$	489
Right-of-use assets obtained in exchange for lease obligations:
Operating leases(1)	$	—	$	704

(1) The amounts are presented net of current year terminations and exclude amortization for the period.

Other information related to lease terms and discount rates is as follows:


	At March 31, 2021		At December 31, 2020
Weighted Average Remaining Lease Term (in years):
Operating leases	4.03		4.16
Weighted Average Discount Rate:
Operating leases	5.15	%	5.16	%

Components of lease expense, which are included in operating expenses, are as follows (in thousands):


	Three Months Ended March 31,
	2021		2020
Operating Lease Cost:
Operating lease cost (1)	$	1,460	$	1,372
Variable lease cost	$	250	$	445

(1) The amount includes approximately $1.2 million and $1.1 million in non-cash lease expense for the three months ended March 31, 2021 and 2020, respectively.

Maturities of lease liabilities are summarized as follows as of March 31, 2021 (in thousands):


Year Ending December 31,	Amount
2021 (excluding the three months ended March 31, 2021)	$	4,936
2022	5,891
2023	4,414
2024	3,456
2025	2,889
Thereafter	1,043
Total future minimum lease payments	$	22,629
Amount representing interest	2,226
Present value of future minimum lease payments	$	20,403
Current operating lease obligations	5,605
Long-term lease obligations	$	14,798

Lessor

We generate lease revenues primarily from our gaming operations activities, and the majority of our leases are month-to-month leases. Under these arrangements, we retain ownership of the electronic gaming machines (“EGMs”) installed at customer facilities. We receive recurring revenues based on a percentage of the net win per day generated by the leased gaming equipment or a fixed daily fee. Such revenues are generated daily and are limited to the lesser of the net win per day generated by the leased gaming equipment or the fixed daily fee and the lease payments that have been collected from the lessee. Certain of our leases have terms and conditions with options for a lessee to purchase the underlying assets. Refer to "Note 9 - Property and Equipment" for details of our rental pool assets cost and accumulated depreciation.

We did not have any new sales transactions that qualified for sales-type lease accounting treatment during the three months ended March 31, 2021 and 2020. Our interest income recognized in connection with sales-type leases executed in the prior periods is immaterial.

Supplemental balance sheet information related to our sales-type leases is as follows (in thousands):


	Classification on our Balance Sheets	At March 31, 2021		At December 31, 2020
Assets
Net investment in sales-type leases — current	Trade and other receivables, net	$	1,258	$	1,397
Net investment in sales-type leases — non-current	Other receivables	$	575	$	803

LEASES

We determine if a contract is, or contains, a lease at the inception, or modification, of a contract based on whether the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Control over the use of an asset is predicated upon the notion that a lessee has both the right to (i) obtain substantially all of the economic benefit from the use of the asset; and (ii) direct the use of the asset.

Operating lease right-of-use (“ROU”) assets and liabilities are recognized based on the present value of minimum lease payments over the expected lease term at commencement date. Lease expense is recognized on a straight-line basis over the expected lease term. Our lease arrangements have both lease and non-lease components, and we have elected the practical expedient to account for the lease and non-lease elements as a single lease.

Certain of our lease arrangements contain options to renew with terms that generally have the ability to extend the lease term to a range of approximately 1 to 10 years. The exercise of lease renewal options is generally at our sole discretion. The expected lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise such option. The depreciable life of leased assets and leasehold improvements are limited by the expected term of such assets, unless there is a transfer of title or purchase option reasonably certain to be exercised.

Lessee

We enter into operating lease agreements for real estate purposes that generally consist of buildings for office space and warehouses for manufacturing purposes. Certain of our lease agreements consist of rental payments that are periodically adjusted for inflation. Our lease agreements do not contain material residual value guarantees or material restrictive covenants. Our lease agreements do not generally provide explicit rates of interest; therefore, we use our incremental collateralized borrowing rate, which is based on a fully collateralized and fully amortizing loan with a maturity date the same as the length of the lease that is based on the information available at the commencement date to determine the present value of lease payments. Leases with an expected term of 12 months or less (short-term) are not accounted for on our Balance Sheets. As of March 31, 2021 and December 31, 2020, our finance leases are immaterial.

Supplemental balance sheet information related to our operating leases is as follows (in thousands):


	Classification on our Balance Sheets	At March 31, 2021		At December 31, 2020
Assets
Operating lease ROU assets	Other assets, non-current	$	14,907	$	16,104
Liabilities(1)
Current operating lease liabilities	Accounts payable and accrued expenses	$	5,605	$	5,649
Non-current operating lease liabilities	Other accrued expenses and liabilities	$	14,798	$	16,077

Supplemental cash flow information related to leases is as follows (in thousands):


	Three Months Ended March 31,
	2021		2020
Cash paid for:
Long-term operating leases	$	1,625	$	1,299
Short-term operating leases	$	430	$	489
Right-of-use assets obtained in exchange for lease obligations:
Operating leases(1)	$	—	$	704

(1) The amounts are presented net of current year terminations and exclude amortization for the period.

Other information related to lease terms and discount rates is as follows:


	At March 31, 2021		At December 31, 2020
Weighted Average Remaining Lease Term (in years):
Operating leases	4.03		4.16
Weighted Average Discount Rate:
Operating leases	5.15	%	5.16	%

Components of lease expense, which are included in operating expenses, are as follows (in thousands):


	Three Months Ended March 31,
	2021		2020
Operating Lease Cost:
Operating lease cost (1)	$	1,460	$	1,372
Variable lease cost	$	250	$	445

(1) The amount includes approximately $1.2 million and $1.1 million in non-cash lease expense for the three months ended March 31, 2021 and 2020, respectively.

Maturities of lease liabilities are summarized as follows as of March 31, 2021 (in thousands):


Year Ending December 31,	Amount
2021 (excluding the three months ended March 31, 2021)	$	4,936
2022	5,891
2023	4,414
2024	3,456
2025	2,889
Thereafter	1,043
Total future minimum lease payments	$	22,629
Amount representing interest	2,226
Present value of future minimum lease payments	$	20,403
Current operating lease obligations	5,605
Long-term lease obligations	$	14,798

Lessor

We generate lease revenues primarily from our gaming operations activities, and the majority of our leases are month-to-month leases. Under these arrangements, we retain ownership of the electronic gaming machines (“EGMs”) installed at customer facilities. We receive recurring revenues based on a percentage of the net win per day generated by the leased gaming equipment or a fixed daily fee. Such revenues are generated daily and are limited to the lesser of the net win per day generated by the leased gaming equipment or the fixed daily fee and the lease payments that have been collected from the lessee. Certain of our leases have terms and conditions with options for a lessee to purchase the underlying assets. Refer to "Note 9 - Property and Equipment" for details of our rental pool assets cost and accumulated depreciation.

We did not have any new sales transactions that qualified for sales-type lease accounting treatment during the three months ended March 31, 2021 and 2020. Our interest income recognized in connection with sales-type leases executed in the prior periods is immaterial.

Supplemental balance sheet information related to our sales-type leases is as follows (in thousands):


	Classification on our Balance Sheets	At March 31, 2021		At December 31, 2020
Assets
Net investment in sales-type leases — current	Trade and other receivables, net	$	1,258	$	1,397
Net investment in sales-type leases — non-current	Other receivables	$	575	$	803

BUSINESS COMBINATIONS	3 Months Ended
BUSINESS COMBINATIONS	Mar. 31, 2021
Business Combinations [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS We had no material acquisitions for the three months ended March 31, 2021. Atrient, Inc. On March 8, 2019, we acquired certain assets of Atrient, Inc. (“Atrient,” the “Seller”), a privately held company that developed and distributed hardware and software applications to gaming operators to enhance gaming patron loyalty, pursuant to an asset purchase agreement. This acquisition included existing contracts with gaming operators, technology, and intellectual property that allow us to provide gaming operators with self-service enrollment, loyalty and marketing equipment, a mobile application to offer a gaming operator’s patrons additional flexibility in accessing casino promotions, and a marketing platform that manages and delivers a gaming operator’s marketing programs through these patron interfaces. This acquisition expanded our financial technology solutions offerings within our FinTech segment. Under the terms of the asset purchase agreement, we paid the Seller $20.0 million at the closing of the transaction, $10.0 million one year following the closing and another $10.0 million during the three months ended March 31, 2021. The related liabilities were recorded at fair value on the acquisition date as part of the consideration transferred and were included in accounts payable and accrued expenses as of December 31, 2020. Furthermore, an additional amount of approximately $10.0 million in contingent consideration was earned by the Seller based upon the achievement of certain revenue targets over the first two years post-closing. The related liabilities were recorded at fair value on the acquisition date as part of the consideration transferred and are remeasured each reporting period. The inputs used to measure the fair value of our liabilities are categorized as Level 3 in the fair value hierarchy. Contingent consideration liabilities as of March 31, 2021 and December 31, 2020 were approximately $10.0 million and $9.9 million, respectively, and were included in accounts payable and accrued expenses in our Balance Sheets as of March 31, 2021 and December 31, 2020, respectively. Micro Gaming Technologies, Inc. On December 24, 2019, we acquired certain assets of Micro Gaming Technologies, Inc. (“MGT”), a privately held company that developed and distributed kiosks and software applications to gaming patrons to enhance patron loyalty, in an asset purchase agreement. The acquired assets consisted of existing contracts with gaming operators, technology, and intellectual property intended to allow us to provide gaming operators with self-service patron loyalty functionality delivered through stand-alone kiosk equipment and a marketing platform that manages and delivers gaming operators marketing programs through these patron interfaces. This acquisition further expanded our financial technology loyalty offerings within our FinTech segment. Under the terms of the asset purchase agreement, we paid MGT $15.0 million at the closing of the transaction, with an additional $5.0 million due by April 1, 2020 and a final payment of $5.0 million due two years following the date of closing. In the second quarter of 2020, we entered into an amendment to the asset purchase agreement allowing us to remit the additional $5.0 million by July 1, 2020, which we paid in June 2020, with a final payment of $5.0 million due by July 1, 2021. The related liabilities were recorded at fair value on the acquisition date as part of the consideration transferred and were included in accounts payable and accrued expenses as of March 31, 2021 and December 31, 2020. The total consideration for this acquisition is expected to be approximately $25.0 million. The acquisition did not have a significant impact on our results of operations or financial condition.

FUNDING AGREEMENTS	3 Months Ended
FUNDING AGREEMENTS	Mar. 31, 2021
A T M Funding Agreement Disclosure [Abstract]
FUNDING AGREEMENTS	FUNDING AGREEMENTS We have commercial arrangements with third-party vendors to provide cash for certain of our fund dispensing devices. For the use of these funds, we pay a usage fee on either the average daily balance of funds utilized multiplied by a contractually defined usage rate or the amounts supplied multiplied by a contractually defined usage rate. These fund usage fees, reflected as interest expense within the Statements of Operations, were approximately $0.7 million and $1.5 million for the three months ended March 31, 2021 and 2020, respectively. We are exposed to interest rate risk to the extent that the applicable rates increase. Under these agreements, the currency supplied by third party vendors remain their sole property until the funds are dispensed. As these funds are not our assets, supplied cash is not reflected in our Balance Sheets. The outstanding balance of funds provided from the third parties were approximately $451.0 million and $340.3 million as of March 31, 2021 and December 31, 2020, respectively. Our primary commercial arrangement, the Contract Cash Solutions Agreement, as amended, is with Wells Fargo, N.A. (“Wells Fargo”). Wells Fargo provides us with cash up to $300 million with the ability to increase the amount as defined within the agreement or otherwise permitted by the vault cash provider. The term of the agreement expires on June 30, 2023 and will automatically renew for additional one-year periods unless either party provides a ninety-day written notice of its intent not to renew. We are responsible for losses of cash in the fund dispensing devices under this agreement, and we self-insure for this type of risk. There were no material losses for the three months ended March 31, 2021 and 2020.

TRADE AND OTHER RECEIVABLES

3 Months Ended

Mar. 31, 2021

Receivables [Abstract]

TRADE AND OTHER RECEIVABLES

TRADE AND OTHER RECEIVABLESTrade and other receivables represent short-term credit granted to customers and long-term loans receivable in connection with our Games and FinTech equipment and compliance products. Trade and loans receivables generally do not require collateral. The balance of trade and loans receivables consists of outstanding balances owed to us by gaming establishments. Other receivables include income tax receivables and other miscellaneous receivables.

The balance of trade and other receivables consisted of the following (in thousands):


	At March 31,		At December 31,
	2021		2020
Trade and other receivables, net
Games trade and loans receivables	$	55,770	$	44,794
FinTech trade and loans receivables	18,398		14,683
Contract assets(1)	17,095		17,561
Net investment in sales-type leases	1,833		2,200
Insurance settlement receivable(2)	—		7,650
Other receivables	1,377		1,923
Total trade and other receivables, net	94,473		88,811
Non-current portion of receivables
Games trade and loans receivables	(1,082)		(1,333)
FinTech trade and loans receivables	(5,282)		(4,163)
Contract assets(1)	(7,299)		(8,321)
Net investment in sales-type leases	(575)		(803)
Total non-current portion of receivables	(14,238)		(14,620)
Total trade and other receivables, current portion	$	80,235	$	74,191

(1) Refer to “Note 2 — Basis of Presentation and Summary of Significant Accounting Policies ” for a discussion on the contract assets.

(2) Refer to “Note 13 — Commitments and Contingencies” for a discussion on the insurance settlement receivable.

Allowance for Credit Losses

The activity in our allowance for credit losses for the three months ended March 31, 2021 and 2020 is as follows (in thousands):


	Three Months Ended March 31,
	2021		2020
Beginning allowance for credit losses	$	(3,689)	$	(5,786)
Provision	(1,999)		(3,750)
Charge-offs and recoveries	1,239		3,943
Ending allowance for credit losses	$	(4,449)	$	(5,593)

INVENTORY

3 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

INVENTORY

Our inventory primarily consists of component parts as well as work-in-progress and finished goods. The cost of inventory includes cost of materials, labor, overhead and freight, and is accounted for using the first in, first out method. The inventory is stated at the lower of cost or net realizable value.

Inventory consisted of the following (in thousands):


	At March 31,		At December 31,
	2021		2020
Inventory
Component parts, net of reserves of $1,555 and $1,262 at March 31, 2021 and December 31, 2020, respectively	$	21,956	$	21,560
Work-in-progress	2,408		182
Finished goods	5,365		6,000
Total inventory	$	29,729	$	27,742

PREPAID EXPENSES AND OTHER ASSETS

3 Months Ended

Mar. 31, 2021

Prepaid Expense and Other Assets [Abstract]

PREPAID EXPENSES AND OTHER ASSETS

Prepaid expenses and other assets include the balance of prepaid expenses, deposits, debt issuance costs on our Revolving Credit Facility (defined herein), restricted cash, operating lease ROU assets, and other assets. The current portion of these assets is included in prepaid expenses and other assets and the non-current portion is included in other assets, both of which are contained within the Balance Sheets.

The balance of the current portion of prepaid expenses and other assets consisted of the following (in thousands):


	At March 31,		At December 31,
	2021		2020
Prepaid expenses and other current assets
Prepaid expenses	$	13,178	$	11,282
Deposits	4,960		4,133
Restricted cash(1)	445		542
Other	1,282		1,391
Total prepaid expenses and other current assets	$	19,865	$	17,348

(1) Refer to “Note 2 — Basis of Presentation and Summary of Significant Accounting Policies” for discussion on the composition of the restricted cash balance.

The balance of the non-current portion of other assets consisted of the following (in thousands):


	At March 31,		At December 31,
	2021		2020
Other assets
Operating lease ROU assets	$	14,907	$	16,104
Prepaid expenses and deposits	4,073		4,952
Debt issuance costs of revolving credit facility	220		267
Other	609		673
Total other assets	$	19,809	$	21,996

PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

Property and equipment consist of the following (dollars in thousands):


		At March 31, 2021						At December 31, 2020
	Useful Life (Years)	Cost		Accumulated Depreciation		Net Book Value		Cost		Accumulated Depreciation		Net Book Value
Property and equipment
Rental pool - deployed	2-4	$	223,409	$	145,853	$	77,556	$	216,775	$	136,975	$	79,800
Rental pool - undeployed	2-4	22,769		17,636		5,133		21,974		16,680		5,294
FinTech equipment	1-5	31,985		20,460		11,525		33,349		21,947		11,402
Leasehold and building improvements	Lease Term	11,771		8,717		3,054		11,352		8,557		2,795
Machinery, office, and other equipment	1-5	45,981		33,340		12,641		45,085		32,053		13,032
Total		$	335,915	$	226,006	$	109,909	$	328,535	$	216,212	$	112,323

Depreciation expense related to property and equipment totaled approximately $16.2 million for both the three months ended March 31, 2021 and 2020.

GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

Goodwill represents the excess of the purchase price over the identifiable tangible and intangible assets acquired plus liabilities assumed arising from business combinations. The balance of goodwill was approximately $682.0 million at March 31, 2021 and December 31, 2020, respectively. We have the following reporting units: (i) Games; (ii) Financial Access Services; (iii) Kiosk Sales and Services; (iv) Central Credit Services; (v) Compliance Sales and Services; and (vi) Loyalty Sales and Services.

In accordance with ASC 350 (“Intangibles-Goodwill and Other”), we test goodwill at the reporting unit level, which is identified as an operating segment or one level below, for impairment on an annual basis and between annual tests if events and circumstances indicate it is more likely than not that the fair value of a reporting unit is less than its carrying amount.

We test our goodwill for impairment on October 1 each year, or more frequently if events or changes in circumstances indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The annual impairment test is completed using either: a qualitative “Step 0” assessment based on reviewing relevant events and circumstances or a quantitative “Step 1” assessment, which determines the fair value of the reporting unit, using both an income approach that discounts future cash flows based on the estimated future results of our reporting units and a market approach that compares market multiples of comparable companies to determine whether or not any impairment exists. To the extent the carrying amount of a reporting unit is less than its estimated fair value, an impairment charge is recorded.

There was no impairment identified for our goodwill for the three months ended March 31, 2021 and 2020.

Other Intangible Assets

Other intangible assets consist of the following (dollars in thousands):


		At March 31, 2021						At December 31, 2020
	Useful Life (Years)	Cost		Accumulated Amortization		Net Book Value		Cost		Accumulated Amortization		Net Book Value
Other intangible assets
Contract rights under placement fee agreements	3-7	$	60,561	$	30,426	$	30,135	$	60,561	$	28,108	$	32,453
Customer contracts	3-14	71,975		55,633		16,342		71,975		54,407		17,568
Customer relationships	3-7	231,100		131,791		99,309		231,100		126,549		104,551
Developed technology and software	1-6	317,621		261,789		55,832		313,957		255,771		58,186
Patents, trademarks, and other	2-18	19,682		18,207		1,475		19,682		17,813		1,869
Total		$	700,939	$	497,846	$	203,093	$	697,275	$	482,648	$	214,627

Amortization expense related to other intangible assets was approximately $14.7 million and $19.3 million for the three months ended March 31, 2021 and 2020, respectively.

There were no placement fees for the three months ended March 31, 2021. We paid approximately $0.6 million in placement fees for the three months ended March 31, 2020.

We evaluate our other intangible assets for potential impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. During the three months ended March 31, 2021 and 2020, there were no material write-downs of intangible assets.

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

3 Months Ended

Mar. 31, 2021

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

The following table presents our accounts payable and accrued expenses (in thousands):


	At March 31,		At December 31,
	2021		2020
Accounts payable and accrued expenses
Trade accounts payable	$	79,955	$	54,531
Contract liabilities	27,887		26,980
Contingent consideration and acquisition-related liabilities(1)	14,935		24,674
Payroll and related expenses	14,924		13,357
Accrued interest	6,414		1,068
Operating lease liabilities	5,605		5,649
Other	3,288		3,605
Financial access processing and related expenses	2,634		1,109
Accrued taxes	1,387		1,329
Litigation accrual(2)	—		12,727
Total accounts payable and accrued expenses	$	157,029	$	145,029

(1) Refer to “Note 4 — Business Combinations.”

(2) Refer to “Note 13 — Commitments and Contingencies.”

LONG-TERM DEBT

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

LONG-TERM DEBT

The following table summarizes our outstanding indebtedness (dollars in thousands):


	Maturity	Interest	At March 31,		At December 31,
	Date	Rate	2021		2020
Long-term debt
$820 million Term Loan Facility	2024	LIBOR+2.75%	$	735,500	$	735,500
$125 million Incremental Term Loan Facility	2024	LIBOR+10.50%	124,063		124,375
$35 million Revolving Credit Facility	2022	LIBOR+4.50%	—		—
Senior Secured Credit Facilities			859,563		859,875
$375 million 2017 Unsecured Notes	2025	7.50%	285,381		285,381
Total debt			1,144,944		1,145,256
Debt issuance costs and discount			(14,879)		(16,003)
Total debt after debt issuance costs and discount			1,130,065		1,129,253
Current portion of long-term debt			(1,250)		(1,250)
Total long-term debt, net of current portion			$	1,128,815	$	1,128,003

Senior Secured Credit Facilities

Our Senior Secured Credit Facilities consist of: (i) an $820.0 million, seven-year senior secured term loan facility (the “Term Loan Facility”); (ii) a $125.0 million, seven-year senior secured term loan (the “Incremental Term Loan”); and (iii) a $35.0 million, five-year senior secured revolving credit facility (the “Revolving Credit Facility”) provided for under our credit agreement with Everi Payments, as borrower, and Everi Holdings with the lenders party thereto and Jefferies Finance LLC, as administrative agent, collateral agent, swing line lender, letter of credit issuer, sole lead arranger and sole book manager (the “Credit Agreement”).

On February 2, 2021, we entered into the Fifth Amendment to our existing Credit Agreement, which reduced the LIBOR and Base Rate floor components of the interest rate of our First Lien Term Loan by 0.25% from 1.00% to 0.75% and from 2.00% to 1.75%, respectively, with the LIBOR and Base Rate margins unchanged at 2.75% and 1.75%, respectively. The First Lien Term Loan under the Credit Agreement will be subject to a prepayment premium of 1.00% of the principal amount repaid for any voluntary prepayment or mandatory prepayment with proceeds of debt that has a lower effective yield than the repriced First Lien Term Loan or any amendment to the repriced First Lien Term Loan that reduces the interest rate thereon, in each case, to the extent occurring within six months of the effective date of the Amendment. The maturity of the First Lien Term Loan remains May 9, 2024, and no changes were made to the financial covenants or other debt repayment terms.

The weighted average interest rate on the Term Loan was 3.59% for the three months ended March 31, 2021. The weighted average interest rate on the Incremental Term Loan Credit Facility was 11.50% for the three months ended March 31, 2021.

The Incremental Term Loan matures May 9, 2024. The interest rate per annum applicable to the Incremental Term Loan will be, at Everi Payment’s option, the Eurodollar rate plus 10.50% or the base rate plus 9.50%.

Voluntary prepayments of the Incremental Term Loan prior to the two-year anniversary of the Closing Date will be subject to a make-whole premium, and voluntary prepayments for the subsequent six-month period will be subject to a prepayment premium of 1.00% of the principal amount repaid.

Subject to certain exceptions, the obligations under the Credit Facilities are secured by substantially all of the present and subsequently acquired assets of each of Everi FinTech, Everi Holdings, and the subsidiary guarantors party thereto including: (a) a perfected first priority pledge of all the capital stock of Everi FinTech and each domestic direct, wholly owned material restricted subsidiary held by Everi Holdings, Everi FinTech, or any such subsidiary guarantor; and (b) a perfected first priority security interest in substantially all other tangible and intangible assets of Everi Holdings, Everi FinTech, and such subsidiary guarantors (including, but not limited to, accounts receivable, inventory, equipment, general intangibles, investment property, real property, intellectual property, and the proceeds of the foregoing). Subject to certain exceptions, the Credit Facilities are unconditionally guaranteed by Everi Holdings and such subsidiary guarantors.

The Incremental Term Loan Credit Agreement contains certain covenants that, among other things, limit our ability, and the ability of certain of our subsidiaries, to incur additional indebtedness, sell assets or consolidate or merge with or into other companies, pay dividends or repurchase or redeem capital stock, make certain investments, issue capital stock of subsidiaries, incur liens, prepay, redeem or repurchase subordinated debt, and enter into certain types of transactions with our affiliates. The Incremental Term Loan Credit Agreement also requires us, together with our subsidiaries, to comply with a maximum consolidated secured leverage ratio.

In connection with the issuance of the Incremental Term Loan on April 21, 2020, we also issued warrants to Sagard Credit Partners, LP and Sagard Credit Partners (Cayman), LP (collectively, “Sagard”) to acquire 184,670 and 40,330 shares of our common stock, respectively, with an exercise price equal to $5.37 per share. The warrants were issued in connection with the Incremental Term Loan as further consideration based on the level of participation in the arrangement by Sagard. The warrants were to expire on the fifth anniversary of the date of issuance. The number of shares issuable pursuant to the warrants and the warrant exercise price were subject to adjustment for stock splits, reverse stock splits, stock dividends, recapitalization, mergers and certain other events. In March 2021, the outstanding warrants issued to Sagard were exercised in full.

Senior Unsecured Notes

Our Senior Unsecured Notes (the “2017 USN”) originally issued in an aggregate principal amount of $375.0 million had an outstanding balance of approximately $285.4 million as of March 31, 2021, for which interest accrues at a rate of 7.50% per annum and is payable semi-annually in arrears on each June 15 and December 15.

Compliance with Debt Covenants

We were in compliance with the covenants and terms of the Senior Secured Credit Facilities and the 2017 Unsecured Notes as of March 31, 2021.

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIESWe are involved in various legal proceedings in the ordinary course of our business. While we believe resolution of the claims brought against us, both individually and in the aggregate, will not have a material adverse impact on our financial condition or results of operations, litigation of this nature is inherently unpredictable. Our views on these legal proceedings, including those described below, may change in the future. We intend to vigorously defend against these actions, and ultimately believe we should prevail. Legal Contingencies We evaluate matters and record an accrual for legal contingencies when it is both probable that a liability has been incurred and the amount or range of the loss may be reasonably estimated. We evaluate legal contingencies at least quarterly and, as appropriate, establish new accruals or adjust existing accruals to reflect: (i) the facts and circumstances known to us at the time, including information regarding negotiations, settlements, rulings, and other relevant events and developments; (ii) the advice and analyses of counsel; and (iii) the assumptions and judgment of management. Legal costs associated with such proceedings are expensed as incurred. Due to the inherent uncertainty of legal proceedings as a result of the procedural, factual, and legal issues involved, the outcomes of our legal contingencies could result in losses in excess of amounts we have accrued. We accrued approximately $14.0 million for the legal contingencies in December 2019 in connection with Fair and Accurate Credit Transactions Act (“FACTA”)-related matters based on ongoing settlement negotiations by and among the various plaintiffs described in the FACTA-related matters discussion below and Everi by and on behalf of itself and Everi FinTech. We expected to recover approximately $7.7 million of the amount accrued from certain of our insurance providers in 2021, for which we had recorded an insurance settlement receivable included within trade and other receivables, net on our Balance Sheets. In addition, we are seeking relief from Peleus Insurance Company pursuant to the provisions of our policy. See below for discussion of Everi Payments Inc. and Everi Holdings Inc. v. Peleus Insurance Company case. In the first quarter of 2021, we entered into a settlement agreement and received funds from our third-tier insurance carrier in the amount of approximately $1.9 million related to the FACTA matters. We recorded these proceeds against our operating expenses in our Statements of Operations for the first quarter of 2021. In total, the receivables expected have been received in full and the expenses accrued have been paid in full, which resulted in total funds received from our insurance providers of approximately $9.6 million and a net charge of approximately $4.4 million to our Statements of Operations, of which approximately $6.3 million was recorded in December 2019, offset by the reduction of operating expenses of $1.9 million received and recorded in the first quarter of 2021. We did not have any new material legal matters that were accrued as of March 31, 2021. FACTA-related matters: Geraldine Donahue, et. al. v. Everi FinTech, et. al. (“Donahue”) is a putative class action matter filed on December 12, 2018, in the Circuit Court of Cook County, Illinois County Division, Chancery Division. The original defendant was dismissed and the Company was substituted as the defendant on April 22, 2019. Plaintiff, on behalf of himself and others similarly situated, alleges that Everi FinTech and the Company (i) have violated certain provisions of FACTA by their failure, as agent to the original defendant, to properly truncate patron credit card numbers when printing financial access receipts as required under FACTA, and (ii) have been unjustly enriched through the charging of service fees for transactions conducted at the original defendant’s facilities. Plaintiff sought an award of statutory damages, attorney’s fees, and costs. The parties settled this matter on a nationwide class basis. The settlement has since received final approval from the court, and Everi has paid all funds required pursuant to the settlement. Distributions to class members are in process, and a final hearing is set for October 4, 2021, to report to the court on the distribution metrics and determine what remaining unclaimed funds, if any, may be distributed to a nonprofit charitable organization as necessary. Everi Payments Inc. and Everi Holdings Inc. v. Peleus Insurance Company is a civil action filed by the Company on January 28, 2020, in the District Court, Clark County, Nevada alleging defendant breached its contractual obligations under an excess insurance policy when it denied the Company coverage of the FACTA-related matters described above. Everi FinTech and the Company are seeking actual and consequential damages for breach of contract, costs, attorney’s fees, and other fees and expenses incurred by Everi FinTech and the Company, up to and including amounts related to the settlement in Donahue. On February 16, 2021, the parties entered into a Confidential Settlement Agreement and Release resolving this matter. We received the funds from the insurance carrier and a final court order dismissing this matter with prejudice in the first quarter of 2021. NRT matter: NRT Technology Corp., et. al. v. Everi Holdings Inc., et. al. is a civil action filed on April 30, 2019 against the Company and Everi FinTech in the United States District Court for the District of Delaware by NRT Technology Corp. and NRT Technology, Inc., alleging monopolization of the market for unmanned, integrated kiosks in violation of federal antitrust laws, fraudulent procurement of patents on functionality related to such unmanned, integrated kiosks and sham litigation related to prior litigation brought by Everi FinTech (operating as Global Cash Access Inc.) against the plaintiff entities. Plaintiffs seek compensatory damages, treble damages, and injunctive and declaratory relief. This case is in the early stages of discovery. We are currently unable to determine the probability of the outcome or estimate the range of reasonably possible loss, if any, in this matter. Zenergy Systems, LLC matter: Zenergy Systems, LLC v. Everi Holdings Inc. is a civil action filed on May 29, 2020 against the Company in the United States District Court for the District of Nevada, Clark County by Zenergy Systems, LLC, alleging breach of contract, breach of a non-disclosure agreement, conversion, breach of the covenant of good faith and fair dealing, and breach of a confidential relationship related to a contract with Everi that expired in November 2019. The plaintiff is seeking compensatory and punitive damages. Everi has counterclaimed against Zenergy alleging breach of contract, breach of implied covenant of good faith and fair dealing, and for declaratory relief. The case is in early stages of discovery process. We are currently unable to determine the probability of the outcome or estimate the range of reasonably possible loss, if any, in this matter. In addition, we have commitments with respect to certain lease obligations discussed in “Note 3 — Leases” and installment payments under our asset purchase agreements discussed in “Note 4 — Business Combinations.”

STOCKHOLDERS' EQUITY	3 Months Ended
STOCKHOLDERS' EQUITY	Mar. 31, 2021
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITYOn February 28, 2020, our Board of Directors authorized and approved a new share repurchase program granting us the authority to repurchase an amount not to exceed $10.0 million of outstanding Company common stock with no minimum number of shares that the Company is required to repurchase. This repurchase program commenced in the first quarter of 2020 and authorizes us to buy our common stock from time to time in open market transactions, block trades or in private transactions in accordance with trading plans established in accordance with Rules 10b5-1 and 10b-18 of the Securities Exchange Act of 1934, as amended, or by a combination of such methods, including compliance with the Company’s finance agreements. The share repurchase program is subject to available liquidity, general market and economic conditions, alternate uses for the capital and other factors, and may be suspended or discontinued at any time without prior notice. In light of COVID-19, we have suspended our share repurchase program. There were no share repurchases during the three months ended March 31, 2021 and 2020, respectively.

WEIGHTED AVERAGE SHARES OF COMMON STOCK

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

WEIGHTED AVERAGE SHARES OF COMMON STOCK

The weighted average number of shares of common stock outstanding used in the computation of basic and diluted earnings per share is as follows (in thousands):


	Three Months Ended March 31,
	2021	2020
Weighted average shares
Weighted average number of common shares outstanding - basic	86,984	84,624
Potential dilution from equity awards(1)	10,984	—
Weighted average number of common shares outstanding - diluted(1)	97,968	84,624

(1) For the three months ended March 31, 2021, there were no shares that were anti-dilutive under the application of the treasury stock method. We were in a net loss position for the three months ended March 31, 2020; therefore, no potential dilution from the application of the treasury stock method was applicable for the period.

SHARE-BASED COMPENSATION

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

SHARE-BASED COMPENSATION

Equity Incentive Awards

Generally, we grant the following types of awards: (i) time-based options; (ii) market-based options; (iii) time-based restricted stock units; and (iv) restricted stock units (“RSUs”) with either time- or performance-based stock units criteria. We estimate forfeiture amounts based on historical patterns.

A summary of award activity is as follows (in thousands):


	Stock Options	Restricted Stock Units
Outstanding, December 31, 2020	10,261	4,250
Granted	—	50
Exercised options or vested shares	(561)	(41)
Canceled or forfeited	(3)	(15)
Outstanding, March 31, 2021	9,697	4,244

There are approximately 0.9 million awards of our common stock available for future equity grants under our existing equity incentive plans as of March 31, 2021.

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The income tax provision for the three months ended March 31, 2021, reflected an effective income tax rate of 5.5%, which was less than the statutory federal rate of 21.0%, primarily due to a decrease in our valuation allowance for our deferred tax assets and the benefit from both stock option exercises and from a research credit. The decrease in our valuation allowance was primarily due to book income earned during the period. The income tax benefit for the three months ended March 31, 2020 reflected an effective income tax rate of 6.9%, which was less than the statutory federal rate of 21.0%, primarily due to an increase in our valuation allowance due to book loss incurred during the period, partially offset by certain indefinite lived deferred tax assets that can be offset against our indefinite lived deferred tax liabilities. We have analyzed filing positions in all of the federal, state, and foreign jurisdictions where we are required to file income tax returns, as well as all open tax years in these jurisdictions. As of March 31, 2021, we recorded approximately $1.7 million of unrecognized tax benefits, all of which would impact our effective tax rate, if recognized. We do not anticipate that our unrecognized tax benefits will materially change within the next 12 months. We have not accrued any penalties and interest for our unrecognized tax benefits. We may, from time to time, be assessed interest or penalties by tax jurisdictions, although any such assessments historically have been minimal and immaterial to our financial results. Our policy for recording interest and penalties associated with audits and unrecognized tax benefits is to record such items as a component of income tax in our Statements of Operations.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

SEGMENT INFORMATION

Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision-making group (the “CODM”). Our CODM consists of the Chief Executive Officer, the President and Chief Operating Officer, and the Chief Financial Officer. Our CODM allocates resources and measures profitability based on our operating segments, which are managed and reviewed separately, as each represents products and services that can be sold separately to our customers. Our segments are monitored by management for performance against our internal forecasts.

We have reported our financial performance based on our segments in both the current and prior periods. Our CODM determined that our operating segments for conducting business are: (i) Games and (ii) FinTech:

•The Games segment provides solutions directly to gaming establishments to offer their patrons gaming entertainment- related experiences including: leased gaming equipment; sales of gaming equipment; gaming systems; digital online solutions; and ancillary products and services.

•The FinTech segment provides solutions directly to gaming establishments to offer their patrons financial access-related services and products, including: access to cash and cashless funding at gaming facilities via debit withdrawals; credit card financial access transactions and POS debit card financial access transactions; check warranty services; kiosks for financial access and other services; self-service enrollment, loyalty and marketing equipment; maintenance services; compliance, audit, and data software; casino credit data and reporting services, and other ancillary offerings.

Corporate overhead expenses have been allocated to the segments either through specific identification or based on a reasonable methodology. In addition, we record depreciation and amortization expenses to the business segments.

Our business is predominantly domestic with no specific regional concentrations and no significant assets in foreign locations.

The following tables present segment information (in thousands)*:


	Three Months Ended March 31,
	2021		2020
Games
Revenues
Gaming operations	$	58,141	$	45,686
Gaming equipment and systems	17,988		11,583
Gaming other	22		21
Total revenues	76,151		57,290
Costs and expenses
Cost of revenues(1)
Gaming operations	4,759		4,545
Gaming equipment and systems	10,307		6,824
Cost of revenues	15,066		11,369
Operating expenses	14,595		14,805
Research and development	5,667		6,195
Depreciation	14,563		14,728
Amortization	10,984		15,585
Total costs and expenses	60,875		62,682
Operating income (loss)	$	15,276	$	(5,392)

(1) Exclusive of depreciation and amortization.

* Rounding may cause variances.


	Three Months Ended March 31,
	2021		2020
FinTech
Revenues
Financial access services	$	38,712	$	36,973
Software and other	17,246		12,694
Hardware	7,004		6,351
Total revenues	62,962		56,018
Costs and expenses
Cost of revenues(1)
Financial access services	1,473		3,555
Software and other	1,004		873
Hardware	4,028		3,891
Cost of revenues	6,505		8,319
Operating expenses	23,448		24,467
Research and development	2,746		2,160
Depreciation	1,614		1,515
Amortization	3,731		3,739
Total costs and expenses	38,044		40,200
Operating income	$	24,918	$	15,818

(1) Exclusive of depreciation and amortization.

* Rounding may cause variances.


	At March 31,		At December 31,
	2021		2020
Total assets
Games	$	816,563	$	811,523
FinTech	723,251		665,656
Total assets	$	1,539,814	$	1,477,179

Major customers. No single customer accounted for more than 10% of our revenues for the three months ended March 31, 2021 and 2020. Our five largest customers accounted for approximately 18% and 15% of our revenues for the three months ended March 31, 2021 and 2020, respectively

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Allowance for Credit Losses

SUBSEQUENT EVENTS	3 Months Ended
SUBSEQUENT EVENTS	Mar. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTSAs of the filing date, we had not identified, and were not aware of, any subsequent events for the period.

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Policies)

3 Months Ended

Mar. 31, 2021

Accounting Policies [Abstract]

Basis of Presentation

Our unaudited condensed consolidated financial statements included herein have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Some of the information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) have been condensed or omitted pursuant to such rules and regulations, although we believe the disclosures are adequate to make the information presented not misleading. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary for a fair statement of results for the interim periods have been made. The results for the three months ended March 31, 2021 are not necessarily indicative of results to be expected for the full fiscal year. The Financial Statements should be read in conjunction with the consolidated financial statements and notes thereto included in the 2020 Annual Report.

Revenue Recognition

Overview

We evaluate the recognition of revenue based on the criteria set forth in Accounting Standards Codification (“ASC”) 606 — Revenue from Contracts with Customers and ASC 842 — Leases, as appropriate. We recognize revenue upon transferring control of goods or services to our customers in an amount that reflects the consideration we expect to receive in exchange for those goods or services. We enter into contracts with customers that include various performance obligations consisting of goods, services, or combinations of goods and services. Timing of the transfer of control varies based on the nature of the contract. We recognize revenue net of any sales and other taxes collected from customers, which are subsequently remitted to governmental authorities and are not included in revenues or operating expenses. We measure revenue based on the consideration specified in a contract with a customer and adjusted, as necessary.

Disaggregation of Revenues

We disaggregate revenues based on the nature and timing of the cash flows generated by such revenues as presented in “Note 18 — Segment Information.”

Contract Balances

Since our contracts may include multiple performance obligations, there is often a timing difference between cash collections and the satisfaction of such performance obligations and revenue recognition. Such arrangements are evaluated to determine whether contract assets and liabilities exist. We generally record contract assets when the timing of billing differs from when revenue is recognized due to contracts containing specific performance obligations that are required to be met prior to a customer being invoiced. We generally record contract liabilities when cash is collected in advance of us satisfying performance obligations, including those that are satisfied over a period of time. Balances of our contract assets and contract liabilities may fluctuate due to timing of cash collections.

The following table summarizes our contract assets and contract liabilities arising from contracts with customers (in thousands):


	Three Months Ended March 31,
	2021		2020
Contract assets(1)
Balance at January 1 — current	$	9,240	$	8,634
Balance at January 1 — non-current	8,321		6,774
Total	17,561		15,408
Balance at March 31 - current	9,796		8,559
Balance at March 31 - non-current	7,299		6,902
Total	17,095		15,461
(Decrease)/increase	$	(466)	$	53
Contract liabilities(2)
Balance at January 1 — current	$	26,980	$	28,510
Balance at January 1 — non-current	289		354
Total	27,269		28,864
Balance at March 31 - current	27,887		31,226
Balance at March 31 - non-current	98		185
Total	27,985		31,411
Increase	$	716	$	2,547

(1) The current portion of contract assets is included within trade and other receivables, net, and the non-current portion is included within other receivables in our Balance Sheets.

(2) The current portion of contract liabilities is included within accounts payable and accrued expenses, and the non-current portion is included within other accrued expenses and liabilities in our Balance Sheets.

We recognized approximately $10.5 million and $11.0 million in revenue that was included in the beginning contract liability balance during the three months ended March 31, 2021 and 2020, respectively.

Games Revenues

Our products and services include electronic gaming devices, such as Native American Class II offerings and other electronic bingo products, Class III slot machine offerings, VLTs, B2B and B2C digital online gaming activities, accounting and central determinant systems, and other back office systems. We conduct our Games segment business based on results generated from the following major revenue streams: (i) Gaming Operations; (ii) Gaming Equipment and Systems; and (iii) Gaming Other.

We recognize our Gaming Operations revenue based on criteria set forth in ASC 842 or ASC 606, as applicable. The amount of lease revenue included in our Gaming Operations revenues and recognized under ASC 842 was approximately $40.8 million and $34.0 million for the three months ended March 31, 2021 and 2020, respectively.

FinTech Revenues

Our FinTech products and services include solutions that we offer to gaming establishments to provide their patrons with financial access and deposit-based services supporting digital, cashless and physical cash options across mobile, assisted and self-service channels along with related loyalty and marketing tools, and other information-related products and services. In addition, we provide an end-to-end security suite to protect against cyber-related attacks and maintain the necessary secured environments to maintain compliance with applicable regulatory requirements. These solutions include: access to cash and cashless funding at gaming facilities via ATM debit withdrawals, credit card financial access transactions, and POS debit card purchases at casino cages, kiosk and mobile POS devices; federally insured deposit accounts for the CashClub Wallet, check warranty services, self-service ATMs and fully integrated kiosk and maintenance services; self-service loyalty tools and promotion management software; compliance, audit, and data software; casino credit data and reporting services; marketing and promotional offering subscription-based services; and other ancillary offerings. We conduct our FinTech segment business based on results generated from the following major revenue streams: (i) Financial Access Services; (ii) Software and Other; and (iii) Hardware.

Hardware revenues are derived from the sale of our financial access and loyalty kiosks and related equipment and are accounted for under ASC 606, unless such transactions meet the definition of a sales type or direct financing lease, which are accounted for under ASC 842. We did not have any new financial access kiosk and related equipment sales contracts accounted for under ASC 842 during the three months ended March 31, 2021 and 2020.

Restricted Cash

Restricted CashOur restricted cash primarily consists of: (i) funds held in connection with certain customer agreements; (ii) deposits held in connection with a sponsorship agreement; (iii) wide area progressive (“WAP”)-related restricted funds; and (iv) internet-related financial access activities

Allowance for Credit LossesWe continually evaluate the collectability of outstanding balances and maintain an allowance for credit losses related to our trade and other receivables and notes receivable that have been determined to have a high risk of uncollectability, which represents our best estimates of the current expected credit losses to be incurred in the future. To derive our estimates, we analyze historical collection trends and changes in our customer payment patterns, current and expected conditions and market trends along with our operating forecasts, concentration, and creditworthiness when evaluating the adequacy of our allowance for credit losses. In addition, with respect to our check warranty receivables, we are exposed to risk for the losses associated with warranted items that cannot be collected from patrons issuing these items. We evaluate the collectability of the outstanding balances and establish a reserve for the face amount of the current expected credit losses related to these receivables. The provision for doubtful accounts receivable is included within operating expenses and the check warranty loss reserves are included within financial access services cost of revenues in the Statements of Operations.

Goodwill

Goodwill represents the excess of the purchase price over the identifiable tangible and intangible assets acquired plus liabilities assumed arising from business combinations. We test for impairment annually on a reporting unit basis, at the beginning of our fourth fiscal quarter and between annual tests if events and circumstances indicate it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The annual impairment test is completed using either: a qualitative “Step 0” assessment based on reviewing relevant events and circumstances; or a quantitative “Step 1” assessment, which determines the fair value of the reporting unit, using both an income approach that discounts future cash flows based on the estimated future results of our reporting units and a market approach that compares market multiples of comparable companies to determine whether or not any impairment exists. To the extent the carrying amount of a reporting unit is less than its estimated fair value, an impairment charge is recorded.

The evaluation of impairment of goodwill requires the use of estimates about future operating results. Changes in forecasted operations can materially affect these estimates, which could materially affect our results of operations and financial condition. The estimates of expected future cash flows require significant judgment and are based on assumptions we determined to be reasonable; however, they are unpredictable and inherently uncertain, including, estimates of future growth rates, operating margins and assumptions about the overall economic climate as well as the competitive environment within which we operate. There can be no assurance that our estimates and assumptions made for purposes of our impairment assessments as of the time of evaluation will prove to be accurate predictions of the future. If our assumptions regarding business plans, competitive environments, or anticipated growth rates are not correct, we may be required to record non-cash impairment charges in future periods, whether in connection with our normal review procedures periodically, or earlier, if an indicator of an impairment is present prior to such evaluation.Our reporting units are identified as operating segments or one level below. Reporting units must: (i) engage in business activities from which they earn revenues and incur expenses; (ii) have operating results that are regularly reviewed by our segment management to ascertain the resources to be allocated to the segment and assess its performance; and (iii) have discrete financial information available.

Fair Values of Financial Instruments

The fair value of a financial instrument represents the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Fair value estimates are made at a specific point in time, based upon relevant market information about the financial instrument.

The carrying amount of cash and cash equivalents, restricted cash, settlement receivables, short-term trade and other receivables, settlement liabilities, accounts payable, and accrued expenses approximate fair value due to the short-term maturities of these instruments. The fair value of the long-term trade and loans receivable is estimated by discounting expected future cash flows using current interest rates at which similar loans would be made to borrowers with similar credit ratings and remaining maturities. The fair value of long-term accounts payable is estimated by discounting the total obligation using the appropriate interest rates.

Recent Accounting Guidance

Recently Adopted Accounting Guidance


Standard	Description	Date of Adoption	Effect on Financial Statements
Accounting Standard Update (“ASU”) No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes	This ASU simplifies the accounting for income taxes by removing certain exceptions for investments, intraperiod allocations, and interim calculations, and adds guidance to reduce the complexity of applying Topic 740.	January 1, 2021	The adoption of this ASU did not have a material effect on our Financial Statements or on our disclosures.

Recent Accounting Guidance Not Yet Adopted

As of March 31, 2021, we did not identify recently issued accounting guidance that would have a significant impact on our consolidated financial statements.

Disclosure of accounting policy for credit loss on financial instrument measured at amortized cost basis, net investment in lease, off-balance sheet credit exposure, and available-for-sale debt security. Includes, but is not limited to, methodology used to estimate allowance for credit loss, how writeoff of uncollectible amount is recognized, and determination of past due status and nonaccrual status.

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Disclosure of accounting policy for revenue from contract with customer.

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Contract Asset and Liability

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2021

Accounting Policies [Abstract]

The following table summarizes our contract assets and contract liabilities arising from contracts with customers (in thousands):


	Three Months Ended March 31,
	2021		2020
Contract assets(1)
Balance at January 1 — current	$	9,240	$	8,634
Balance at January 1 — non-current	8,321		6,774
Total	17,561		15,408
Balance at March 31 - current	9,796		8,559
Balance at March 31 - non-current	7,299		6,902
Total	17,095		15,461
(Decrease)/increase	$	(466)	$	53
Contract liabilities(2)
Balance at January 1 — current	$	26,980	$	28,510
Balance at January 1 — non-current	289		354
Total	27,269		28,864
Balance at March 31 - current	27,887		31,226
Balance at March 31 - non-current	98		185
Total	27,985		31,411
Increase	$	716	$	2,547

(1) The current portion of contract assets is included within trade and other receivables, net, and the non-current portion is included within other receivables in our Balance Sheets.

(2) The current portion of contract liabilities is included within accounts payable and accrued expenses, and the non-current portion is included within other accrued expenses and liabilities in our Balance Sheets.

Reconciliation of Cash, Cash Equivalents, and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Balance Sheets that sum to the total of the same such amounts shown in the statement of cash flows for the three months ended March 31, 2021 (in thousands).


	Classification on our Balance Sheets	At March 31, 2021		At December 31, 2020
Cash and cash equivalents	Cash and cash equivalents	$	335,133	$	251,706
Restricted cash - current	Prepaid expenses and other current assets	445		542
Restricted cash - non-current	Other assets	101		101
Total		$	335,679	$	252,349

Reconciliation of Cash, Cash Equivalents, and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Balance Sheets that sum to the total of the same such amounts shown in the statement of cash flows for the three months ended March 31, 2021 (in thousands).


	Classification on our Balance Sheets	At March 31, 2021		At December 31, 2020
Cash and cash equivalents	Cash and cash equivalents	$	335,133	$	251,706
Restricted cash - current	Prepaid expenses and other current assets	445		542
Restricted cash - non-current	Other assets	101		101
Total		$	335,679	$	252,349

Estimated Fair Value and Outstanding Balances of Borrowings

The estimated fair value and outstanding balances of our borrowings are as follows (dollars in thousands):


	Level of Hierarchy	Fair Value		Outstanding Balance
March 31, 2021
Term loan	2	$	731,749	$	735,500
Incremental term loan	2	$	130,886	$	124,063
Senior unsecured notes	2	$	296,454	$	285,381
December 31, 2020
Term loan	2	$	729,138	$	735,500
Incremental term loan	2	$	129,972	$	124,375
Senior unsecured notes	2	$	296,083	$	285,381

Summary of Recent Accounting Guidance

Recently Adopted Accounting Guidance


Standard	Description	Date of Adoption	Effect on Financial Statements
Accounting Standard Update (“ASU”) No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes	This ASU simplifies the accounting for income taxes by removing certain exceptions for investments, intraperiod allocations, and interim calculations, and adds guidance to reduce the complexity of applying Topic 740.	January 1, 2021	The adoption of this ASU did not have a material effect on our Financial Statements or on our disclosures.

Recent Accounting Guidance Not Yet Adopted

LEASES - (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Balance Sheet Information

Supplemental balance sheet information related to our operating leases is as follows (in thousands):


	Classification on our Balance Sheets	At March 31, 2021		At December 31, 2020
Assets
Operating lease ROU assets	Other assets, non-current	$	14,907	$	16,104
Liabilities(1)
Current operating lease liabilities	Accounts payable and accrued expenses	$	5,605	$	5,649
Non-current operating lease liabilities	Other accrued expenses and liabilities	$	14,798	$	16,077

Cash Flow Information

Supplemental cash flow information related to leases is as follows (in thousands):


	Three Months Ended March 31,
	2021		2020
Cash paid for:
Long-term operating leases	$	1,625	$	1,299
Short-term operating leases	$	430	$	489
Right-of-use assets obtained in exchange for lease obligations:
Operating leases(1)	$	—	$	704

(1) The amounts are presented net of current year terminations and exclude amortization for the period.

Lease Costs

Other information related to lease terms and discount rates is as follows:


	At March 31, 2021		At December 31, 2020
Weighted Average Remaining Lease Term (in years):
Operating leases	4.03		4.16
Weighted Average Discount Rate:
Operating leases	5.15	%	5.16	%

Components of lease expense, which are included in operating expenses, are as follows (in thousands):


	Three Months Ended March 31,
	2021		2020
Operating Lease Cost:
Operating lease cost (1)	$	1,460	$	1,372
Variable lease cost	$	250	$	445

(1) The amount includes approximately $1.2 million and $1.1 million in non-cash lease expense for the three months ended March 31, 2021 and 2020, respectively.

Payments Due

Maturities of lease liabilities are summarized as follows as of March 31, 2021 (in thousands):


Year Ending December 31,	Amount
2021 (excluding the three months ended March 31, 2021)	$	4,936
2022	5,891
2023	4,414
2024	3,456
2025	2,889
Thereafter	1,043
Total future minimum lease payments	$	22,629
Amount representing interest	2,226
Present value of future minimum lease payments	$	20,403
Current operating lease obligations	5,605
Long-term lease obligations	$	14,798

Sales-type lease

Supplemental balance sheet information related to our sales-type leases is as follows (in thousands):


	Classification on our Balance Sheets	At March 31, 2021		At December 31, 2020
Assets
Net investment in sales-type leases — current	Trade and other receivables, net	$	1,258	$	1,397
Net investment in sales-type leases — non-current	Other receivables	$	575	$	803

TRADE AND OTHER RECEIVABLES - (Tables)

3 Months Ended

Mar. 31, 2021

Receivables [Abstract]

Schedule of Components of Trade and Other Receivables

The balance of trade and other receivables consisted of the following (in thousands):


	At March 31,		At December 31,
	2021		2020
Trade and other receivables, net
Games trade and loans receivables	$	55,770	$	44,794
FinTech trade and loans receivables	18,398		14,683
Contract assets(1)	17,095		17,561
Net investment in sales-type leases	1,833		2,200
Insurance settlement receivable(2)	—		7,650
Other receivables	1,377		1,923
Total trade and other receivables, net	94,473		88,811
Non-current portion of receivables
Games trade and loans receivables	(1,082)		(1,333)
FinTech trade and loans receivables	(5,282)		(4,163)
Contract assets(1)	(7,299)		(8,321)
Net investment in sales-type leases	(575)		(803)
Total non-current portion of receivables	(14,238)		(14,620)
Total trade and other receivables, current portion	$	80,235	$	74,191

(1) Refer to “Note 2 — Basis of Presentation and Summary of Significant Accounting Policies ” for a discussion on the contract assets.

(2) Refer to “Note 13 — Commitments and Contingencies” for a discussion on the insurance settlement receivable.

Activity in Allowance for Credit Losses

The activity in our allowance for credit losses for the three months ended March 31, 2021 and 2020 is as follows (in thousands):


	Three Months Ended March 31,
	2021		2020
Beginning allowance for credit losses	$	(3,689)	$	(5,786)
Provision	(1,999)		(3,750)
Charge-offs and recoveries	1,239		3,943
Ending allowance for credit losses	$	(4,449)	$	(5,593)

INVENTORY - (Tables)

3 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

Schedule of Components of Inventory

Inventory consisted of the following (in thousands):


	At March 31,		At December 31,
	2021		2020
Inventory
Component parts, net of reserves of $1,555 and $1,262 at March 31, 2021 and December 31, 2020, respectively	$	21,956	$	21,560
Work-in-progress	2,408		182
Finished goods	5,365		6,000
Total inventory	$	29,729	$	27,742

PREPAID EXPENSES AND OTHER ASSETS - (Tables)

3 Months Ended

Mar. 31, 2021

Prepaid Expense and Other Assets [Abstract]

Schedule of Components of Current Portion of Prepaid and Other Assets

The balance of the current portion of prepaid expenses and other assets consisted of the following (in thousands):


	At March 31,		At December 31,
	2021		2020
Prepaid expenses and other current assets
Prepaid expenses	$	13,178	$	11,282
Deposits	4,960		4,133
Restricted cash(1)	445		542
Other	1,282		1,391
Total prepaid expenses and other current assets	$	19,865	$	17,348

(1) Refer to “Note 2 — Basis of Presentation and Summary of Significant Accounting Policies” for discussion on the composition of the restricted cash balance.

Schedule of Components of Non-Current Portion of Prepaid and Other Assets

The balance of the non-current portion of other assets consisted of the following (in thousands):


	At March 31,		At December 31,
	2021		2020
Other assets
Operating lease ROU assets	$	14,907	$	16,104
Prepaid expenses and deposits	4,073		4,952
Debt issuance costs of revolving credit facility	220		267
Other	609		673
Total other assets	$	19,809	$	21,996

PROPERTY AND EQUIPMENT - (Tables)

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule of Components of Property, Equipment and Leased Assets

Property and equipment consist of the following (dollars in thousands):


		At March 31, 2021						At December 31, 2020
	Useful Life (Years)	Cost		Accumulated Depreciation		Net Book Value		Cost		Accumulated Depreciation		Net Book Value
Property and equipment
Rental pool - deployed	2-4	$	223,409	$	145,853	$	77,556	$	216,775	$	136,975	$	79,800
Rental pool - undeployed	2-4	22,769		17,636		5,133		21,974		16,680		5,294
FinTech equipment	1-5	31,985		20,460		11,525		33,349		21,947		11,402
Leasehold and building improvements	Lease Term	11,771		8,717		3,054		11,352		8,557		2,795
Machinery, office, and other equipment	1-5	45,981		33,340		12,641		45,085		32,053		13,032
Total		$	335,915	$	226,006	$	109,909	$	328,535	$	216,212	$	112,323

GOODWILL AND OTHER INTANGIBLE ASSETS - (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Other Intangible Assets

Other intangible assets consist of the following (dollars in thousands):


		At March 31, 2021						At December 31, 2020
	Useful Life (Years)	Cost		Accumulated Amortization		Net Book Value		Cost		Accumulated Amortization		Net Book Value
Other intangible assets
Contract rights under placement fee agreements	3-7	$	60,561	$	30,426	$	30,135	$	60,561	$	28,108	$	32,453
Customer contracts	3-14	71,975		55,633		16,342		71,975		54,407		17,568
Customer relationships	3-7	231,100		131,791		99,309		231,100		126,549		104,551
Developed technology and software	1-6	317,621		261,789		55,832		313,957		255,771		58,186
Patents, trademarks, and other	2-18	19,682		18,207		1,475		19,682		17,813		1,869
Total		$	700,939	$	497,846	$	203,093	$	697,275	$	482,648	$	214,627

ACCOUNTS PAYABLE AND ACCRUED EXPENSES - (Tables)

3 Months Ended

Mar. 31, 2021

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Expenses

The following table presents our accounts payable and accrued expenses (in thousands):


	At March 31,		At December 31,
	2021		2020
Accounts payable and accrued expenses
Trade accounts payable	$	79,955	$	54,531
Contract liabilities	27,887		26,980
Contingent consideration and acquisition-related liabilities(1)	14,935		24,674
Payroll and related expenses	14,924		13,357
Accrued interest	6,414		1,068
Operating lease liabilities	5,605		5,649
Other	3,288		3,605
Financial access processing and related expenses	2,634		1,109
Accrued taxes	1,387		1,329
Litigation accrual(2)	—		12,727
Total accounts payable and accrued expenses	$	157,029	$	145,029

(1) Refer to “Note 4 — Business Combinations.”

(2) Refer to “Note 13 — Commitments and Contingencies.”

LONG-TERM DEBT - (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of Outstanding Indebtedness

The following table summarizes our outstanding indebtedness (dollars in thousands):


	Maturity	Interest	At March 31,		At December 31,
	Date	Rate	2021		2020
Long-term debt
$820 million Term Loan Facility	2024	LIBOR+2.75%	$	735,500	$	735,500
$125 million Incremental Term Loan Facility	2024	LIBOR+10.50%	124,063		124,375
$35 million Revolving Credit Facility	2022	LIBOR+4.50%	—		—
Senior Secured Credit Facilities			859,563		859,875
$375 million 2017 Unsecured Notes	2025	7.50%	285,381		285,381
Total debt			1,144,944		1,145,256
Debt issuance costs and discount			(14,879)		(16,003)
Total debt after debt issuance costs and discount			1,130,065		1,129,253
Current portion of long-term debt			(1,250)		(1,250)
Total long-term debt, net of current portion			$	1,128,815	$	1,128,003

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

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Schedule of weighted average number of common shares outstanding used in computation of basic and diluted earnings per share

WEIGHTED AVERAGE SHARES OF COMMON STOCK- (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

The weighted average number of shares of common stock outstanding used in the computation of basic and diluted earnings per share is as follows (in thousands):


	Three Months Ended March 31,
	2021	2020
Weighted average shares
Weighted average number of common shares outstanding - basic	86,984	84,624
Potential dilution from equity awards(1)	10,984	—
Weighted average number of common shares outstanding - diluted(1)	97,968	84,624

(1) For the three months ended March 31, 2021, there were no shares that were anti-dilutive under the application of the treasury stock method. We were in a net loss position for the three months ended March 31, 2020; therefore, no potential dilution from the application of the treasury stock method was applicable for the period.

SHARE-BASED COMPENSATION - (Tables)

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Summary of Award Activity

A summary of award activity is as follows (in thousands):


	Stock Options	Restricted Stock Units
Outstanding, December 31, 2020	10,261	4,250
Granted	—	50
Exercised options or vested shares	(561)	(41)
Canceled or forfeited	(3)	(15)
Outstanding, March 31, 2021	9,697	4,244

SEGMENT INFORMATION - (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Information

The following tables present segment information (in thousands)*:


	Three Months Ended March 31,
	2021		2020
Games
Revenues
Gaming operations	$	58,141	$	45,686
Gaming equipment and systems	17,988		11,583
Gaming other	22		21
Total revenues	76,151		57,290
Costs and expenses
Cost of revenues(1)
Gaming operations	4,759		4,545
Gaming equipment and systems	10,307		6,824
Cost of revenues	15,066		11,369
Operating expenses	14,595		14,805
Research and development	5,667		6,195
Depreciation	14,563		14,728
Amortization	10,984		15,585
Total costs and expenses	60,875		62,682
Operating income (loss)	$	15,276	$	(5,392)

(1) Exclusive of depreciation and amortization.

* Rounding may cause variances.


	Three Months Ended March 31,
	2021		2020
FinTech
Revenues
Financial access services	$	38,712	$	36,973
Software and other	17,246		12,694
Hardware	7,004		6,351
Total revenues	62,962		56,018
Costs and expenses
Cost of revenues(1)
Financial access services	1,473		3,555
Software and other	1,004		873
Hardware	4,028		3,891
Cost of revenues	6,505		8,319
Operating expenses	23,448		24,467
Research and development	2,746		2,160
Depreciation	1,614		1,515
Amortization	3,731		3,739
Total costs and expenses	38,044		40,200
Operating income	$	24,918	$	15,818

(1) Exclusive of depreciation and amortization.

* Rounding may cause variances.


	At March 31,		At December 31,
	2021		2020
Total assets
Games	$	816,563	$	811,523
FinTech	723,251		665,656
Total assets	$	1,539,814	$	1,477,179

BUSINESS - Narrative (Details)	3 Months Ended
BUSINESS - Narrative (Details)	Mar. 31, 2021 segment
Concentration Risk [Line Items]
Number of business segments	2
UNITED STATES \| Product Concentration Risk \| Properties Closed
Concentration Risk [Line Items]
Percentage of closed casinos	5.00%

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Contract Asset and Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Contract assets
Contract assets, current	$ 9,796	$ 8,559	$ 9,240	$ 8,634
Contract assets, noncurrent	7,299	6,902	8,321	6,774
Total	17,095	15,461	17,561	15,408
(Decrease)/increase	(466)	53
Contract liabilities
Contract liabilities, current	27,887	31,226	26,980	28,510
Contract liabilities, noncurrent	98	185	289	354
Total	27,985	31,411	$ 27,269	$ 28,864
Increase	$ 716	$ 2,547

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Contract with customer liability	$ 10,500	$ 11,000
Total revenues	$ 139,113	113,308
Contractual terms of trade and loans receivable	12 months
Games
Disaggregation of Revenue [Line Items]
Total revenues	$ 76,151	57,290
Games \| Gaming operations, leased equipment
Disaggregation of Revenue [Line Items]
Total revenues	$ 40,800	$ 34,000

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

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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 335,133	$ 251,706
Restricted cash - current	445	542
Total	335,679	252,349	$ 57,110	$ 296,610
Cash and Cash Equivalents
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	335,133	251,706
Prepaid Expenses and Other Current Assets
Cash and Cash Equivalents [Line Items]
Restricted cash - current	445	542
Other Assets
Cash and Cash Equivalents [Line Items]
Restricted cash - non-current	$ 101	$ 101

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Estimated Fair Value and Outstanding Balances of Borrowings (Details) - Level 2 - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value \| Term loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 731,749	$ 729,138
Fair Value \| Incremental term loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	130,886	129,972
Fair Value \| Senior unsecured notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	296,454	296,083
Outstanding Balance \| Term loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	735,500	735,500
Outstanding Balance \| Incremental term loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	124,063	124,375
Outstanding Balance \| Senior unsecured notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 285,381	$ 285,381

LEASES - Additional Information (Details) - USD ($)	3 Months Ended
LEASES - Additional Information (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2020
Lessee, Lease, Description [Line Items]
Sales-type lease, revenue	$ 0	$ 0
Minimum
Lessee, Lease, Description [Line Items]
Renewal term (in years)	1 year
Maximum
Lessee, Lease, Description [Line Items]
Renewal term (in years)	10 years

LEASES - Balance Sheet Information (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease ROU assets	$ 14,907	$ 16,104
Current operating lease liabilities	5,605	5,649
Non-current operating lease liabilities	$ 14,798	$ 16,077
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accounts payable and accrued expenses	Accounts payable and accrued expenses
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesNoncurrent	us-gaap:OtherLiabilitiesNoncurrent

LEASES - Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash paid for:
Long-term operating leases	$ 1,625	$ 1,299
Short-term operating leases	430	489
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$ 0	$ 704

LEASES - Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended
LEASES - Lease Costs (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Leases [Abstract]
Weighted average remaining lease term, operating leases	4 years 10 days		4 years 1 month 28 days
Weighted average discount rate, operating leases	5.15%		5.16%
Operating lease cost	$ 1,460	$ 1,372
Variable lease cost	250	445
Non-cash lease expense	$ 1,196	$ 1,056

LEASES - Payments Due (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Amount
2021 (excluding the three months ended March 31, 2021)	$ 4,936
2022	5,891
2023	4,414
2024	3,456
2025	2,889
Thereafter	1,043
Total future minimum lease payments	22,629
Amount representing interest	2,226
Present value of future minimum lease payments	20,403
Current operating lease liabilities	5,605	$ 5,649
Long-term lease obligations	$ 14,798	$ 16,077

LEASES - Sales-type lease (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Net investment in sales-type leases — current	$ 1,258	$ 1,397
Net investment in sales-type leases — non-current	$ 575	$ 803

BUSINESS COMBINATIONS - Narrative (Details) - USD ($) $ in Millions								3 Months Ended
	Dec. 24, 2021	Jul. 01, 2021	Jul. 01, 2020	Apr. 01, 2020	Mar. 08, 2020	Dec. 24, 2019	Mar. 08, 2019	Mar. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Contingent consideration liability								$ 10.0	$ 9.9
Atrient
Business Acquisition [Line Items]
Contingent consideration liability							$ 10.0
Atrient \| FinTech Segment
Business Acquisition [Line Items]
Payments to acquire businesses					$ 10.0		$ 20.0	$ 10.0
Micro Gaming Technologies, Inc. \| FinTech Segment
Business Acquisition [Line Items]
Payments to acquire businesses			$ 5.0	$ 5.0		$ 15.0
Total consideration transferred						$ 25.0
Micro Gaming Technologies, Inc. \| FinTech Segment \| Forecast
Business Acquisition [Line Items]
Payments to acquire businesses	$ 5.0	$ 5.0

FUNDING AGREEMENTS - Narrative (Details) - Indemnification Guarantee - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Contract Cash Solutions Agreement
Funding Agreements
Cash usage fees incurred	$ 700,000	$ 1,500,000
Outstanding balance	451,000,000.0		$ 340,300,000
Contract Cash Solutions Agreement, as amended
Funding Agreements
Maximum amount	$ 300,000,000
Renewal period	1 year
Guarantor obligations, non-renewal notice period	90 days

TRADE AND OTHER RECEIVABLES - Balance of Trade and Other Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Trade and other receivables, net
Contract assets	$ 17,095	$ 17,561
Net investment in sales-type leases	1,833	2,200
Insurance settlements receivable	0	7,650
Other receivables	1,377	1,923
Total trade and other receivables, net	94,473	88,811
Non-current portion of receivables	(14,238)	(14,620)
Contract assets	(7,299)	(8,321)
Net investment in sales-type leases	(575)	(803)
Total trade and other receivables, current portion	80,235	74,191
Gaming operations
Trade and other receivables, net
Trade receivables, net	55,770	44,794
Non-current portion of receivables	(1,082)	(1,333)
FinTech
Trade and other receivables, net
Trade receivables, net	18,398	14,683
Non-current portion of receivables	$ (5,282)	$ (4,163)

TRADE AND OTHER RECEIVABLES - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning allowance for credit losses	$ (3,689)	$ (5,786)
Provision	(1,999)	(3,750)
Charge-offs and recoveries	1,239	3,943
Ending allowance for credit losses	$ (4,449)	$ (5,593)

INVENTORY (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Inventory
Component parts, net of reserves of $1,555 and $1,262 at March 31, 2021 and December 31, 2020, respectively	$ 21,956	$ 21,560
Work-in-progress	2,408	182
Finished goods	5,365	6,000
Total inventory	29,729	27,742
Component parts, reserves	$ 1,555	$ 1,262

PREPAID EXPENSES AND OTHER ASSETS - Other Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Prepaid expenses and other current assets
Prepaid expenses	$ 13,178	$ 11,282
Deposits	4,960	4,133
Restricted cash	445	542
Other	1,282	1,391
Total prepaid expenses and other current assets	19,865	17,348
Other assets
Operating lease ROU assets	14,907	16,104
Prepaid expenses and deposits	4,073	4,952
Debt issuance costs of revolving credit facility	220	267
Other	609	673
Total other assets	$ 19,809	$ 21,996

PROPERTY AND EQUIPMENT - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Cost	$ 335,915		$ 328,535
Accumulated Depreciation	226,006		216,212
Net Book Value	109,909		112,323
Depreciation	16,177	$ 16,243
FinTech
Property, Plant and Equipment [Line Items]
Depreciation	1,614	$ 1,515
Rental pool - deployed
Property, Plant and Equipment [Line Items]
Cost	223,409		216,775
Accumulated Depreciation	145,853		136,975
Net Book Value	$ 77,556		79,800
Rental pool - deployed \| Minimum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	2 years
Rental pool - deployed \| Maximum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	4 years
Rental pool - undeployed
Property, Plant and Equipment [Line Items]
Cost	$ 22,769		21,974
Accumulated Depreciation	17,636		16,680
Net Book Value	$ 5,133		5,294
Rental pool - undeployed \| Minimum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	2 years
Rental pool - undeployed \| Maximum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	4 years
Leasehold and building improvements
Property, Plant and Equipment [Line Items]
Cost	$ 11,771		11,352
Accumulated Depreciation	8,717		8,557
Net Book Value	3,054		2,795
Machinery, office, and other equipment
Property, Plant and Equipment [Line Items]
Cost	45,981		45,085
Accumulated Depreciation	33,340		32,053
Net Book Value	12,641		13,032
Machinery, office, and other equipment \| FinTech
Property, Plant and Equipment [Line Items]
Cost	31,985		33,349
Accumulated Depreciation	20,460		21,947
Net Book Value	$ 11,525		$ 11,402
Machinery, office, and other equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	1 year
Machinery, office, and other equipment \| Minimum \| FinTech
Property, Plant and Equipment [Line Items]
Useful Life (Years)	1 year
Machinery, office, and other equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	5 years
Machinery, office, and other equipment \| Maximum \| FinTech
Property, Plant and Equipment [Line Items]
Useful Life (Years)	5 years

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 681,981,000		$ 681,974,000
Impairment of goodwill	0	$ 0
Amortization of intangible assets	14,700,000	19,300,000
Placement fee	0	600,000
Impairment of intangible assets	$ 0	$ 0

GOODWILL AND OTHER INTANGIBLE ASSETS - Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Cost	$ 700,939	$ 697,275
Accumulated Amortization	497,846	482,648
Net Book Value	203,093	214,627
Contract rights under placement fee agreements
Finite-Lived Intangible Assets [Line Items]
Cost	60,561	60,561
Accumulated Amortization	30,426	28,108
Net Book Value	$ 30,135	32,453
Contract rights under placement fee agreements \| Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	3 years
Contract rights under placement fee agreements \| Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	7 years
Customer contracts
Finite-Lived Intangible Assets [Line Items]
Cost	$ 71,975	71,975
Accumulated Amortization	55,633	54,407
Net Book Value	$ 16,342	17,568
Customer contracts \| Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	3 years
Customer contracts \| Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	14 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Cost	$ 231,100	231,100
Accumulated Amortization	131,791	126,549
Net Book Value	$ 99,309	104,551
Customer relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	3 years
Customer relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	7 years
Developed technology and software
Finite-Lived Intangible Assets [Line Items]
Cost	$ 317,621	313,957
Accumulated Amortization	261,789	255,771
Net Book Value	$ 55,832	58,186
Developed technology and software \| Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	1 year
Developed technology and software \| Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	6 years
Patents, trademarks, and other
Finite-Lived Intangible Assets [Line Items]
Cost	$ 19,682	19,682
Accumulated Amortization	18,207	17,813
Net Book Value	$ 1,475	$ 1,869
Patents, trademarks, and other \| Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	2 years
Patents, trademarks, and other \| Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	18 years

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Payables and Accruals [Abstract]
Trade accounts payable	$ 79,955	$ 54,531
Contract liabilities	27,887	26,980	$ 31,226	$ 28,510
Contingent consideration and acquisition-related liabilities	14,935	24,674
Payroll and related expenses	14,924	13,357
Accrued interest	6,414	1,068
Operating lease liabilities	5,605	5,649
Other	3,288	3,605
Financial access processing and related expenses	2,634	1,109
Accrued taxes	1,387	1,329
Litigation accrual	0	12,727
Total accounts payable and accrued expenses	$ 157,029	$ 145,029

LONG-TERM DEBT - Summary of Indebtedness (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Apr. 21, 2020	Dec. 31, 2018	Dec. 31, 2017	May 09, 2017
Debt Instrument [Line Items]
Total debt	$ 1,144,944,000	$ 1,145,256,000
Debt issuance costs and discount	(14,879,000)	(16,003,000)
Total debt after debt issuance costs and discount	1,130,065,000	1,129,253,000
Current portion of long-term debt	(1,250,000)	(1,250,000)
Total long-term debt, net of current portion	$ 1,128,815,000	1,128,003,000
Senior secured term loan facility \| New Credit Agreement, dated May 9, 2017
Debt Instrument [Line Items]
Principal amount of debt						$ 820,000,000
Senior secured term loan facility \| New Credit Agreement, dated May 9, 2017 \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread	2.75%
Incremental term loan \| Incremental Term Loan Credit Agreement Dated Twenty One April Two Thousand Twenty
Debt Instrument [Line Items]
Total debt	$ 124,063,000	124,375,000
Principal amount of debt			$ 125,000,000
Incremental term loan \| Incremental Term Loan Credit Agreement Dated Twenty One April Two Thousand Twenty \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread	10.50%
Revolving credit facility \| New Credit Agreement, dated May 9, 2017
Debt Instrument [Line Items]
Total debt	$ 0	0
Principal amount of debt						$ 35,000,000.0
Revolving credit facility \| New Credit Agreement, dated May 9, 2017 \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread	4.50%
Senior Secured Term Loan
Debt Instrument [Line Items]
Total debt	$ 735,500,000	735,500,000
Senior secured notes
Debt Instrument [Line Items]
Total debt	859,563,000	859,875,000
Senior unsecured notes
Debt Instrument [Line Items]
Total debt	$ 285,381,000	$ 285,381,000
Senior unsecured notes \| 2017 Unsecured Notes
Debt Instrument [Line Items]
Principal amount of debt				$ 375,000,000	$ 375,000,000.0
Interest rate (as a percent)	7.50%				7.50%

LONG-TERM DEBT - Narrative (Details) - USD ($)				3 Months Ended
LONG-TERM DEBT - Narrative (Details) - USD ($)	Feb. 02, 2021	Apr. 21, 2020	May 09, 2017	Mar. 31, 2021	Feb. 01, 2021	Dec. 31, 2018	Dec. 31, 2017
Senior unsecured notes \| FinTech Segment
Debt Instrument [Line Items]
Principal amount of debt				$ 285,400,000
Incremental Term Loan Credit Agreement Dated Twenty One April Two Thousand Twenty \| Sagard Credit Partners, LP \| Common Stock
Debt Instrument [Line Items]
Number of shares called by warrants		184,670
Exercise price per share (in dollars per share)		$ 5.37
Incremental Term Loan Credit Agreement Dated Twenty One April Two Thousand Twenty \| Sagard Credit Partners (Cayman), LP \| Common Stock
Debt Instrument [Line Items]
Number of shares called by warrants		40,330
Exercise price per share (in dollars per share)		$ 5.37
Incremental Term Loan Credit Agreement Dated Twenty One April Two Thousand Twenty \| Senior secured notes
Debt Instrument [Line Items]
Debt term		7 years
Credit Agreement Dated February Second Two Thousand Twenty One \| Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Basis spread	0.25%
Credit Agreement Dated February Second Two Thousand Twenty One \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread	2.75%
Floor interest rate	0.75%				1.00%
Credit Agreement Dated February Second Two Thousand Twenty One \| Base Rate
Debt Instrument [Line Items]
Basis spread	1.75%
Floor interest rate	1.75%				2.00%
Credit Agreement Dated February Second Two Thousand Twenty One \| Senior Secured Term Loan
Debt Instrument [Line Items]
Percentage of prepayment premium of principal amount of term loan	1.00%
Period after closing date prepayment is subject to a prepayment premium	6 months
2017 Unsecured Notes \| Senior unsecured notes
Debt Instrument [Line Items]
Principal amount of debt						$ 375,000,000	$ 375,000,000.0
Interest rate (as a percent)				7.50%			7.50%
Senior secured term loan facility \| New Credit Agreement, dated May 9, 2017
Debt Instrument [Line Items]
Principal amount of debt			$ 820,000,000
Debt term			7 years
Weighted average interest rate during period (as a percent)				3.59%
Senior secured term loan facility \| New Credit Agreement, dated May 9, 2017 \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread				2.75%
Senior secured term loan facility \| Incremental Term Loan Credit Agreement Dated Twenty One April Two Thousand Twenty
Debt Instrument [Line Items]
Voluntary prepayments period subject to make-whole premium		2 years
Period after second anniversary subject to premium		6 months
Prepayment penalty		1.00%
Incremental term loan \| Incremental Term Loan Credit Agreement Dated Twenty One April Two Thousand Twenty
Debt Instrument [Line Items]
Principal amount of debt		$ 125,000,000
Weighted average interest rate during period (as a percent)				11.50%
Incremental term loan \| Incremental Term Loan Credit Agreement Dated Twenty One April Two Thousand Twenty \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread				10.50%
Revolving credit facility \| New Credit Agreement, dated May 9, 2017
Debt Instrument [Line Items]
Principal amount of debt			$ 35,000,000.0
Debt term			5 years
Revolving credit facility \| New Credit Agreement, dated May 9, 2017 \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread				4.50%
Eurodollar Borrowings \| Incremental Term Loan Credit Agreement Dated Twenty One April Two Thousand Twenty \| Eurodollar
Debt Instrument [Line Items]
Basis spread		10.50%
Base Rate Borrowings \| Incremental Term Loan Credit Agreement Dated Twenty One April Two Thousand Twenty \| Base Rate
Debt Instrument [Line Items]
Basis spread		9.50%

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2019	Dec. 31, 2020
Gain Contingencies [Line Items]
Litigation expense	$ 14.0
Expected recovery	7.7		$ 7.7
Insurance Settlement
Gain Contingencies [Line Items]
Litigation expense	4.4
Proceeds from insurance settlement, operating	1.9
Proceeds from insurance settlement	$ 9.6
Recovery of direct costs		$ 6.3

STOCKHOLDERS' EQUITY - Narrative (Details)	Feb. 28, 2020 USD ($)
February Twenty Twenty Stock Repurchase Program
Class of Stock [Line Items]
Stock repurchase program, authorized amount	$ 10,000,000.0

WEIGHTED AVERAGE SHARES OF COMMON STOCK - Narrative (Details) - shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Weighted average common shares outstanding
Weighted average number of common shares outstanding - basic (in shares)	86,984,000	84,624,000
Potential dilution from equity awards (in shares)	10,984,000	0
Weighted average number of common shares outstanding - diluted (in shares)	97,968,000	84,624,000
Anti-dilutive equity awards excluded from computation of earnings per share (in shares)	0	0

SHARE-BASED COMPENSATION - Award Activity (Details) shares in Thousands	3 Months Ended
	Mar. 31, 2021 shares
Stock Options
Stock Options Granted
Outstanding (in shares)	10,261
Granted (in shares)	0
Exercised options (in shares)	(561)
Canceled or forfeited (in shares)	(3)
Outstanding (in shares)	9,697
Restricted Stock Units
Restricted Stock Granted
Outstanding (in shares)	4,250
Granted (in shares)	50
Vested (in shares)	(41)
Canceled or forfeited (in shares)	(15)
Outstanding (in shares)	4,244
Common Stock
Restricted Stock Granted
Number of shares available for grant (in shares)	900

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2021	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Effective income tax rate (as a percent)	5.50%	6.90%
Statutory federal rate (as a percent)	21.00%	21.00%
Unrecognized tax benefits	$ 1.7

SEGMENT INFORMATION - Revenues, Operating Income, and Assets (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2021

Mar. 31, 2020

Dec. 31, 2020

Revenues

$ 139,113

$ 113,308

38,043

39,272

8,413

8,355

16,177

16,243

14,715

19,324

98,919

102,882

Operating income (loss)

40,194

10,426

Total assets

Total assets

1,539,814

$ 1,477,179

Games

Revenues

76,151

57,290

^[1]

15,066

11,369

14,595

14,805

5,667

6,195

14,563

14,728

10,984

15,585

Games | Gaming operations

60,875

62,682

Operating income (loss)

15,276

(5,392)

Total assets

Total assets

816,563

811,523

Revenues

58,141

45,686

Games | Gaming equipment and systems

^[1]

4,759

4,545

Revenues

17,988

11,583

^[1]

10,307

6,824

Games | Gaming other

Revenues

22

21

FinTech

Revenues

62,962

56,018

^[1]

6,505

8,319

23,448

24,467

2,746

2,160

1,614

1,515

3,731

3,739

FinTech | Financial access services

38,044

40,200

Operating income (loss)

24,918

15,818

Total assets

Total assets

723,251

$ 665,656

Revenues

38,712

36,973

FinTech | Software and other

^[1]

1,473

3,555

Revenues

17,246

12,694

^[1]

1,004

873

FinTech | Hardware

Revenues

7,004

6,351