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Accel Entertainment, Inc. – ‘10-K’ for 12/31/21 – ‘EX-31.2’

On:  Thursday, 3/10/22, at 5:55pm ET   ·   As of:  3/11/22   ·   For:  12/31/21   ·   Accession #:  1698991-22-4   ·   File #:  1-38136

Previous ‘10-K’:  ‘10-K/A’ on 5/10/21 for 12/31/20   ·   Next:  ‘10-K’ on 3/1/23 for 12/31/22   ·   Latest:  ‘10-K’ on 2/28/24 for 12/31/23   ·   15 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 3/11/22  Accel Entertainment, Inc.         10-K       12/31/21  118:12M

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.45M 
 2: EX-21.1     Subsidiaries List                                   HTML     32K 
 3: EX-23       Consent of Expert or Counsel                        HTML     30K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     34K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     34K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     32K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     32K 
13: R1          Cover                                               HTML     96K 
14: R2          Audit Information                                   HTML     36K 
15: R3          CONSOLIDATED STATEMENTS OF OPERATIONS and           HTML    117K 
                COMPREHENSIVE INCOME (Loss)                                      
16: R4          CONSOLIDATED STATEMENTS OF OPERATIONS and           HTML     32K 
                COMPREHENSIVE INCOME (Loss) (Parenthetical)                      
17: R5          Consolidated Balance Sheets                         HTML    159K 
18: R6          Consolidated Balance Sheets (Parenthetical)         HTML     48K 
19: R7          Consolidated Statements of Stockholders? Equity     HTML    113K 
                (Deficit)                                                        
20: R8          Consolidated Statements of Cash Flows               HTML    187K 
21: R9          Description of Business                             HTML     43K 
22: R10         Summary of Significant Accounting Policies          HTML     86K 
23: R11         Reverse Recapitalization                            HTML    134K 
24: R12         Investment in Convertible Notes                     HTML     38K 
25: R13         Property and Equipment                              HTML     47K 
26: R14         Route and Customer Acquisition Costs                HTML     43K 
27: R15         Location Contracts Acquired                         HTML     44K 
28: R16         Goodwill                                            HTML     40K 
29: R17         Debt                                                HTML     71K 
30: R18         Business and Asset Acquisitions                     HTML    134K 
31: R19         Contingent Earnout Share Liability                  HTML     42K 
32: R20         Warrant Liability                                   HTML     36K 
33: R21         Fair Value Measurements                             HTML    104K 
34: R22         Stockholders? Equity                                HTML     47K 
35: R23         Gaming Terminal Fees                                HTML     34K 
36: R24         Employee Benefit Plans                              HTML     38K 
37: R25         Stock-based Compensation                            HTML    100K 
38: R26         Income Taxes                                        HTML     93K 
39: R27         Commitments and Contingencies                       HTML     49K 
40: R28         Related-Party Transactions                          HTML     38K 
41: R29         Earnings Per Share                                  HTML     53K 
42: R30         Subsequent Events                                   HTML     34K 
43: R31         Summary of Significant Accounting Policies          HTML    129K 
                (Policies)                                                       
44: R32         Summary of Significant Accounting Policies          HTML     57K 
                (Tables)                                                         
45: R33         Reverse Recapitalization (Tables)                   HTML     54K 
46: R34         Property and Equipment (Tables)                     HTML     50K 
47: R35         Route and Customer Acquisition Costs (Tables)       HTML     37K 
48: R36         Location Contracts Acquired (Tables)                HTML     45K 
49: R37         Goodwill (Tables)                                   HTML     37K 
50: R38         Debt (Tables)                                       HTML     58K 
51: R39         Business and Asset Acquisitions (Tables)            HTML     91K 
52: R40         Fair Value Measurements (Tables)                    HTML     97K 
53: R41         Stockholders? Equity (Tables)                       HTML     42K 
54: R42         Stock-based Compensation (Tables)                   HTML    101K 
55: R43         Income Taxes (Tables)                               HTML     92K 
56: R44         Commitments and Contingencies (Tables)              HTML     38K 
57: R45         Earnings Per Share (Tables)                         HTML     51K 
58: R46         Description of Business (Details)                   HTML     52K 
59: R47         Summary of Significant Accounting Policies -        HTML     44K 
                Adopted accounting pronouncements (Details)                      
60: R48         Summary of Significant Accounting Policies -        HTML     53K 
                Change in estimate (Details)                                     
61: R49         Summary of Significant Accounting Policies -        HTML     50K 
                Schedule of property and equipment useful lives                  
                (Details)                                                        
62: R50         Summary of Significant Accounting Policies - Route  HTML     34K 
                and customer acquisition costs (Details)                         
63: R51         Summary of Significant Accounting Policies -        HTML     34K 
                Location contracts acquired (Details)                            
64: R52         Summary of Significant Accounting Policies -        HTML     32K 
                Advertising costs (Details)                                      
65: R53         Reverse Recapitalization - Narrative (Details)      HTML     85K 
66: R54         Reverse Recapitalization - Schedule of Proceeds     HTML     58K 
                from Reverse Capitalization (Details)                            
67: R55         Reverse Recapitalization - Schedule of Equity       HTML     54K 
                Interests Issued from Reverse Capitalization                     
                (Details)                                                        
68: R56         Investment in Convertible Notes (Details)           HTML     46K 
69: R57         Property and Equipment (Details)                    HTML     62K 
70: R58         Route and Customer Acquisition Costs - Narrative    HTML     49K 
                (Details)                                                        
71: R59         Route and Customer Acquisition Costs - Schedule of  HTML     36K 
                Customer Contract Acquired (Details)                             
72: R60         Location Contracts Acquired - Schedule of Customer  HTML     37K 
                Contract Acquired (Details)                                      
73: R61         Location Contracts Acquired - Additional            HTML     46K 
                Information (Details)                                            
74: R62         Location Contracts Acquired - Schedule of           HTML     46K 
                Finite-Lived Intangible Assets Amortization                      
                Expense (Details)                                                
75: R63         Goodwill - Narrative (Details)                      HTML     41K 
76: R64         Goodwill - Schedule of changes in Goodwill,         HTML     36K 
                Rollforward (Details)                                            
77: R65         Debt - Schedule of Long-term Debt Instruments       HTML     52K 
                (Details)                                                        
78: R66         Debt - Narrative (Details)                          HTML    115K 
79: R67         Debt - Schedule of Maturities of Long-term Debt     HTML     48K 
                (Details)                                                        
80: R68         Debt - Schedule of Carrying Value and Estimated     HTML     37K 
                Fair Value (Details)                                             
81: R69         Business and Asset Acquisitions - Narrative         HTML    199K 
                (Details)                                                        
82: R70         Business and Asset Acquisitions - Schedule of       HTML     67K 
                Consideration Transferred - AVG (Details)                        
83: R71         Business and Asset Acquisitions - Schedule of       HTML     69K 
                Consideration Transferred - Grand River Jackpot                  
                (Details)                                                        
84: R72         Business and Asset Acquisitions - Schedule of       HTML     35K 
                Unaudited Pro Forma Results (Details)                            
85: R73         Business and Asset Acquisitions - Schedule of       HTML     64K 
                Consideration Payable (Details)                                  
86: R74         Contingent Earnout Share Liability (Details)        HTML     77K 
87: R75         Warrant Liability (Details)                         HTML     57K 
88: R76         Fair Value Measurements - Schedule of Fair Value    HTML     44K 
                Measurements, Assets (Details)                                   
89: R77         Fair Value Measurements - Schedule of Unobservable  HTML     38K 
                Input Asset Value Reconciliation (Details)                       
90: R78         Fair Value Measurements - Schedule of Fair Value    HTML     51K 
                Measurements, Liabilities Measured on a Recurring                
                Basis (Details)                                                  
91: R79         Fair Value Measurements - Schedule of Fair Value    HTML     41K 
                Measurements, Contingent Considerations (Details)                
92: R80         Fair Value Measurements - Narrative (Details)       HTML     32K 
93: R81         Stockholders? Equity - Narrative (Details)          HTML     87K 
94: R82         Stockholders? Equity - Schedule of Stock Reserved   HTML     39K 
                for Issuance (Details)                                           
95: R83         Gaming Terminal Fees (Details)                      HTML     36K 
96: R84         Employee Benefit Plans (Details)                    HTML     49K 
97: R85         Stock-based Compensation - Narrative (Details)      HTML    101K 
98: R86         Stock-based Compensation - Schedule of Assumptions  HTML     49K 
                for Options Granted (Details)                                    
99: R87         Stock-based Compensation - Summary of Options       HTML     42K 
                Granted and Range in Vesting Periods (Details)                   
100: R88         Stock-based Compensation - Schedule of Vested       HTML     65K  
                Stock Options (Details)                                          
101: R89         Stock-based Compensation - Summary of Nonvested     HTML     50K  
                Stock Options (Details)                                          
102: R90         Stock-based Compensation - Schedule of Nonvested    HTML     55K  
                RSU Activity (Details)                                           
103: R91         Income Taxes - Narrative (Details)                  HTML     42K  
104: R92         Income Taxes - Schedule of Components of Income     HTML     54K  
                Tax Expense (Details)                                            
105: R93         Income Taxes - Reconciliation of Expected Income    HTML     57K  
                Taxes (Details)                                                  
106: R94         Income Taxes - Schedule of Deferred Tax Assets and  HTML     55K  
                Liabilities (Details)                                            
107: R95         Income Taxes - Summary of Carryforwards of Net      HTML     36K  
                Operating Losses (Details)                                       
108: R96         Commitments and Contingencies - Narrative           HTML     45K  
                (Details)                                                        
109: R97         Commitments and Contingencies - Schedule of Future  HTML     45K  
                Minimum Payments (Details)                                       
110: R98         Related-Party Transactions (Details)                HTML     89K  
111: R99         Earnings Per Share (Details)                        HTML     75K  
112: R100        Subsequent Events (Details)                         HTML     33K  
113: R9999       Uncategorized Items - acel-20211231.htm             HTML     49K  
116: XML         IDEA XML File -- Filing Summary                      XML    218K  
114: XML         XBRL Instance -- acel-20211231_htm                   XML   2.67M  
115: EXCEL       IDEA Workbook of Financial Reports                  XLSX    164K  
 9: EX-101.CAL  XBRL Calculations -- acel-20211231_cal               XML    277K 
10: EX-101.DEF  XBRL Definitions -- acel-20211231_def                XML    975K 
11: EX-101.LAB  XBRL Labels -- acel-20211231_lab                     XML   2.42M 
12: EX-101.PRE  XBRL Presentations -- acel-20211231_pre              XML   1.55M 
 8: EX-101.SCH  XBRL Schema -- acel-20211231                         XSD    269K 
117: JSON        XBRL Instance as JSON Data -- MetaLinks              559±   828K  
118: ZIP         XBRL Zipped Folder -- 0001698991-22-000004-xbrl      Zip    642K  


‘EX-31.2’   —   Certification — §302 – SOA’02


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Exhibit 31.2
Certification of Principal Financial Officer
I, Brian Carroll, certify that:
1. I have reviewed this Annual Report on Form 10-K of Accel Entertainment, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
Date: March 10, 2022
Brian Carroll
Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)



Dates Referenced Herein

This ‘10-K’ Filing    Date    Other Filings
Filed as of:3/11/22None on these Dates
Filed on:3/10/22
For Period end:12/31/21
 List all Filings 


15 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/12/21  Accel Entertainment, Inc.         8-K:5,9    11/10/21   11:275K
10/26/21  Accel Entertainment, Inc.         8-K:1,2,8,910/22/21   12:107M
 5/10/21  Accel Entertainment, Inc.         10-Q        3/31/21   74:5.7M
 3/02/21  Accel Entertainment, Inc.         8-K:1,7,9   3/02/21   13:2.7M                                   Donnelley … Solutions/FA
 8/06/20  Accel Entertainment, Inc.         8-K:1,2,9   8/04/20   15:8.6M
 8/06/20  Accel Entertainment, Inc.         10-Q        6/30/20   75:9.7M
 7/20/20  Accel Entertainment, Inc.         8-K:5,9     7/15/20    4:262K
 5/11/20  Accel Entertainment, Inc.         8-K:5,9     5/06/20    2:53K
 3/16/20  Accel Entertainment, Inc.         10-K       12/31/19  108:22M
 3/04/20  Accel Entertainment, Inc.         8-K:5,9     2/27/20    4:170K
 1/24/20  Accel Entertainment, Inc.         S-8         1/24/20    7:207K                                   Donnelley … Solutions/FA
11/26/19  Accel Entertainment, Inc.         8-K:1,2,3,511/20/19   15:2.4M                                   Donnelley … Solutions/FA
11/14/19  Accel Entertainment, Inc.         8-K:1,2,8,911/13/19    2:1.4M                                   Donnelley … Solutions/FA
11/07/19  Accel Entertainment, Inc.         8-K:1,5,8,911/06/19    4:108K                                   Donnelley … Solutions/FA
10/07/19  Accel Entertainment, Inc.         S-4/A                 18:9.5M                                   Donnelley … Solutions/FA
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Filing Submission 0001698991-22-000004   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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