Company: ACEL
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001698991-25-000023
Chunk: 30

Company: Accel Entertainment, Inc.
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 30
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 $12,183 Income tax expense4,993 4,767 Net income$14,613 $7,416 (1)Total net revenues is further disaggregated by revenue stream as included on the condensed consolidated statements of operations and comprehensive income.(2)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.(3)Compensation related costs represent payroll and other related costs that are included in general and administrative on the condensed consolidated statements of operations and comprehensive income.(4)All other segment items include other operating and general and administrative expenses (such as general and administrative expenses related to parts, advertising, information technology, etc.) which are included in general and administrative on the condensed consolidated statements of operations and comprehensive income and cost of manufacturing good sold, as well as, adjustments for stock-based compensation expense and emerging markets.(5)All corporate expenses were allocated to the distributed gaming reportable segment as of March 31, 2025.  The "all other" operating segment had total net revenues of $5.9 million; cost of revenues of $1.8 million; compensation related costs - operations of $2.6 million and all other segment items of $1.3 million.As of March 31, 2025, the assets associated with the distributed gaming segment are $1.0 billion and the assets for the "all other" operating segment were $34.2 million.

See the condensed consolidated financial statements for other financial information (such as cash used for capital expenditures, etc.) regarding the Company’s reportable segment. 

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Table of ContentsAccel Entertainment, Inc. and SubsidiariesNotes to Condensed Consolidated Financial Statements — (Continued)

Note 15. Stock-based Compensation

The Company grants various types of stock-based compensation awards. The Company measures its stock-based compensation expense based on the grant date fair value of the award and recognizes the expense over the requisite service period for the respective award. Under the Accel Entertainment, Inc. Long Term Incentive Plan, the Company issued 159,105 restricted stock units (“RSUs”) to the Board of Directors and certain eligible employees during the first quarter of 2025, which will vest over a period of 3 years for employees and by the end of 2025 for the Board of Directors. The Company also issued 242,230 performance-based restricted stock units (“PSUs”) to certain eligible employees during the first quarter of 2025, which will vest after