Arko (ARKO) 10-Q 8 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 05, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Fiscal Period Focus	Q2
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Transition Report	false
Entity File Number	001-39828
Entity Registrant Name	ARKO Corp.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-2784337
Entity Address, Address Line One	8565 Magellan Parkway
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Richmond
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23227-1150
City Area Code	804
Local Phone Number	730-1568
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		120,074,542
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001823794
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	ARKO
Security Exchange Name	NASDAQ
ARKO warrants [Member}
Document Information [Line Items]
Title of 12(b) Security	Warrants to purchase common stock
Trading Symbol	ARKOW
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 248,518	$ 252,141
Restricted cash	14,083	20,402
Short-term investments	33,927	58,807
Trade receivables, net	93,482	62,342
Inventory	233,612	197,836
Other current assets	83,298	92,095
Total current assets	706,920	683,623
Non-current assets:
Property and equipment, net	561,982	548,969
Right-of-use assets under operating leases	1,043,533	1,064,982
Right-of-use assets under financing leases, net	188,558	192,378
Goodwill	197,742	197,648
Intangible assets, net	176,155	185,993
Equity investment	3,035	2,998
Deferred tax asset	40,094	41,047
Other non-current assets	31,749	24,637
Total assets	2,949,768	2,942,275
Current liabilities:
Long-term debt, current portion	39,391	40,384
Accounts payable	221,048	172,918
Other current liabilities	134,227	137,488
Operating leases, current portion	54,004	51,261
Financing leases, current portion	6,037	6,383
Total current liabilities	454,707	408,434
Non-current liabilities:
Long-term debt, net	675,102	676,625
Asset retirement obligation	58,614	58,021
Operating leases	1,056,351	1,076,905
Financing leases	228,800	229,215
Deferred tax liability	4,264	2,546
Other non-current liabilities	126,147	136,853
Total liabilities	2,603,985	2,588,599
Commitments and contingencies - see Note 10
Series A redeemable preferred stock (no par value) - authorized: 1,000 shares; issued and outstanding: 1,000 and 1,000 shares, respectively; redemption value: $100,000 and $100,000, in the aggregate respectively	100,000	100,000
Shareholders' equity:
Common stock (par value $0.0001) - authorized: 400,000 shares; issued and outstanding: 124,727 and 124,428 shares, respectively	12	12
Treasury stock, at cost - 4,652 and 0 shares, respectively	(40,038)	0
Additional paid-in capital	223,557	217,675
Accumulated other comprehensive income	9,119	9,119
Retained earnings	52,898	26,646
Total shareholders' equity	245,548	253,452
Non-controlling interest	235	224
Total equity	245,783	253,676
Total liabilities, redeemable preferred stock and equity	$ 2,949,768	$ 2,942,275

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Common stock par value	$ 0.0001	$ 0.0001
Common stock shares authorized	400,000,000	400,000,000
Common stock shares issued	124,727,000	124,428,000
Common stock shares outstanding	120,075,000	124,428,000
Treasury stock, shares	4,652,000	0
Series A Redeemable Temporary Equity [Member]
Temporary equity, par value	$ 0	$ 0
Temporary equity, shares authorized	1,000,000	1,000,000
Temporary equity, shares issued	1,000,000	1,000,000
Temporary equity, shares outstanding	1,000,000	1,000,000
Temporary equity, redemption value	$ 100,000	$ 100,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues:
Total revenues	$ 2,540,263	$ 1,909,814	$ 4,513,074	$ 3,394,170
Operating expenses:
Fuel costs	1,955,019	1,347,109	3,425,668	2,359,907
Merchandise costs	300,387	303,952	559,180	564,706
Store operating expenses	178,077	154,668	344,615	299,606
General and administrative expenses	32,956	31,861	64,741	58,574
Depreciation and amortization	24,353	25,273	48,989	49,515
Total operating expenses	2,490,792	1,862,863	4,443,193	3,332,308
Other expenses, net	1,197	1,195	2,318	2,867
Operating income	48,274	45,756	67,563	58,995
Interest and other financial income	8,997	2,601	6,710	1,695
Interest and other financial expenses	(16,336)	(14,598)	(30,024)	(42,309)
Income before income taxes	40,935	33,759	44,249	18,381
Income tax expense	(9,157)	(8,212)	(10,162)	(7,490)
Income from equity investment	28	26	37	20
Net income	31,806	25,573	34,124	10,911
Less: Net income attributable to non-controlling interests	52	54	131	128
Net income attributable to ARKO Corp.	31,754	25,519	33,993	10,783
Series A redeemable preferred stock dividends	(1,434)	(1,434)	(2,852)	(2,836)
Net income attributable to common shareholders	$ 30,320	$ 24,085	$ 31,141	$ 7,947
Net income per share attributable to common shareholders - basic	$ 0.25	$ 0.19	$ 0.25	$ 0.06
Net income per share attributable to common shareholders - diluted	$ 0.24	$ 0.19	$ 0.25	$ 0.06
Weighted average shares outstanding:
Basic	121,529	124,428	122,909	124,395
Diluted	130,558	133,032	123,245	124,543
Fuel Revenue [Member]
Revenues:
Total revenues	$ 2,085,854	$ 1,460,763	$ 3,669,380	$ 2,563,710
Merchandise Revenue [Member]
Revenues:
Total revenues	431,751	426,365	798,736	785,646
Other Revenue [Member]
Revenues:
Total revenues	$ 22,658	$ 22,686	$ 44,958	$ 44,814

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income [Member]	Accumulated Deficit [Member]	Non-controlling Interest [Member]	Parent [Member]
Balance at Dec. 31, 2020	$ 191,420	$ 12	$ 0	$ 212,103	$ 9,119	$ (29,653)	$ (161)	$ 191,581
Balance, shares at Dec. 31, 2020		124,132
Share-based compensation	2,514	$ 0	0	2,514	0	0	0	2,514
Distributions to non-controlling interests	(120)	0	0	0	0	0	(120)	0
Dividends on redeemable preferred stock	(2,836)	0	0	2,836	0	0	0	2,836
Issuance of shares	3,000	$ 0	0	3,000	0	0	0	3,000
Issuance of shares, shares		296
Net income	10,911	$ 0	0	0	0	10,783	128	10,783
Balance at Jun. 30, 2021	204,889	$ 12	0	214,781	9,119	(18,870)	(153)	205,042
Balance, shares at Jun. 30, 2021		124,428
Balance at Mar. 31, 2021	179,322	$ 12	0	214,727	9,119	(44,389)	(147)	179,469
Balance, shares at Mar. 31, 2021		124,428
Share-based compensation	1,488	$ 0	0	1,488	0	0		1,488
Distributions to non-controlling interests	(60)	0	0	0	0	0	(60)	0
Dividends on redeemable preferred stock	(1,434)	0	0	1,434	0	0	0	1,434
Net income	25,573	0	0	0	0	25,519	54	25,519
Balance at Jun. 30, 2021	204,889	$ 12	0	214,781	9,119	(18,870)	(153)	205,042
Balance, shares at Jun. 30, 2021		124,428
Balance at Dec. 31, 2021	253,676	$ 12		217,675	9,119	26,646	224	253,452
Balance, shares at Dec. 31, 2021		124,428
Common stock repurchased					0
Common stock repurchased, Shares		3,115
Vesting of restricted share units		286
Balance at Mar. 31, 2022	241,732	$ 12	(13,084)	220,449	9,119	24,993	243	241,489
Balance, shares at Mar. 31, 2022		123,190
Balance at Dec. 31, 2021	253,676	$ 12		217,675	9,119	26,646	224	253,452
Balance, shares at Dec. 31, 2021		124,428
Share-based compensation	5,882	$ 0	0	5,882	0	0	0	5,882
Distributions to non-controlling interests	(120)	0	0	0	0	0	(120)	0
Dividends on redeemable preferred stock	(2,852)	0	0	0	0	2,852	0	2,852
Dividends declared (2 cents per share)	(4,889)		(40,038)			(4,889)		(4,889)
Common stock repurchased	(40,038)	$ 0		0		0	0	(40,038)
Common stock repurchased, Shares		(4,652)
Issuance of shares	0	$ 13
Net income	34,124	0	0	0	0	33,993	131	33,993
Balance at Jun. 30, 2022	245,783	$ 12	(40,038)	223,557	9,119	52,898	235	245,548
Balance, shares at Jun. 30, 2022		120,075
Balance at Mar. 31, 2022	241,732	$ 12	(13,084)	220,449	9,119	24,993	243	241,489
Balance, shares at Mar. 31, 2022		123,190
Share-based compensation	3,108	$ 0	0	3,108	0	0	0	3,108
Distributions to non-controlling interests	(60)	0	0	0	0	0	(60)	0
Dividends on redeemable preferred stock	(1,434)					1,434		1,434
Dividends declared (2 cents per share)	(2,415)					(2,415)		(2,415)
Common stock repurchased	(26,954)		(26,954)					(26,954)
Net income	31,806					31,754	52	31,754
Balance at Jun. 30, 2022	$ 245,783	$ 12	$ (40,038)	$ 223,557	$ 9,119	$ 52,898	$ 235	$ 245,548
Balance, shares at Jun. 30, 2022		120,075

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net lncome	$ 34,124	$ 10,911
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	48,989	49,515
Deferred income taxes	2,671	2,109
Loss on disposal of assets and impairment charges	1,971	975
Foreign currency loss (gain)	228	(1,143)
Amortization of deferred financing costs, debt discount and premium	1,262	621
Amortization of deferred income	(5,292)	(4,411)
Accretion of asset retirement obligation	829	834
Non-cash rent	3,737	3,349
Charges to allowance for credit losses	351	322
Income from equity investment	(37)	(20)
Share-based compensation	5,882	2,514
Fair value adjustment of financial assets and liabilities	(6,590)	9,833
Other operating activities, net	707	532
Changes in assets and liabilities:
Increase in trade receivables	(31,491)	(21,102)
Increase in inventory	(35,947)	(11,732)
Decrease (Increase) in other assets	7,607	(4,762)
Increase in accounts payable	46,407	26,960
Decrease in other current liabilities	(11,324)	(6,933)
Increase (decrease) in asset retirement obligation	(34)	(113)
Increase in non-current liabilities	8,112	758
Net cash provided by operating activities	72,162	59,017
Cash flows from investing activities:
Purchase of property and equipment	(45,168)	(32,638)
Purchase of intangible assets	(125)	(175)
Proceeds from sale of property and equipment	7,261	36,059
Prepayment for quarles acquisition	(5,000)	0
Business acquisitions, net of cash	(6,853)	(93,527)
Decrease in investments, net	27,109	0
Repayment of loans to equity investment	174	0
Net cash used in investing activities	(22,602)	(90,281)
Cash flows from financing activities:
Receipt of long-term debt, net	0	35,056
Repayment of debt	(6,093)	(102,074)
Principal payments on financing leases	(3,304)	(4,013)
Proceeds from failed sale-leaseback	0	43,569
Payment of additional consideration	(2,085)	0
Payment of merger transaction issuance costs	0	(4,764)
Common stock repurchased	(40,038)	0
Dividends paid on common stock	(4,889)	0
Dividends paid on redeemable preferred stock	(2,852)	(2,993)
Distributions to non-controlling interests	(120)	(120)
Net cash used in financing activities	(59,381)	(35,339)
Net decrease in cash and cash equivalents and restricted cash	(9,821)	(66,603)
Effect of exchange rate on cash and cash equivalents and restricted cash	(121)	(1,438)
Cash and cash equivalents and restricted cash, beginning of period	272,543	312,977
Cash and cash equivalents and restricted cash, end of period	262,601	244,936
Reconciliation of cash and cash equivalents and restricted cash
Cash and cash equivalents, beginning of period	252,141	293,666
Restricted cash, beginning of period	20,402	16,529
Restricted cash with respect to bonds, beginning of period	0	2,782
Cash and cash equivalents, end of period	248,518	229,399
Restricted cash, end of period	14,083	15,537
Supplementary cash flow information:
Cash received for interest	107	99
Cash paid for interest	27,740	30,148
Cash received for taxes	78	176
Cash paid for taxes	4,797	7,797
Supplementary noncash activities:
Prepaid insurance premiums financed through notes payable	2,279	4,900
Purchases of equipment in accounts payable and accrued expenses	10,857	4,239
Purchase of property and equipment under leases	10,363	14,564
Disposals of leases of property and equipment	404	3,207
Issuance of shares	$ 0	$ 3,000

General

General	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
General	1. General ARKO Corp. (the “Company”) is a Delaware corporation whose common stock, par value $ 0.0001 per share (“common stock”) and publicly-traded warrants are listed on the Nasdaq Stock Market (“Nasdaq”). The Company’s operations are primarily performed by its subsidiary, GPM Investments, LLC (“GPM”), a Delaware limited liability company. GPM is engaged directly and through fully owned and controlled subsidiaries (directly or indirectly) in retail activity, which includes the operations of a chain of convenience stores, most of which include adjacent gas stations, and in wholesale activity, which includes the supply of fuel to gas stations operated by third parties. As of June 30, 2022, GPM’s activity included the self-operation of 1,388 sites and the supply of fuel to 1,620 gas stations operated by independent dealers throughout 33 states and the District of Columbia in the Mid-Atlantic, Midwestern, Northeastern, Southeastern and Southwestern United States (“U.S.”). The Company has three reporting segments: retail, wholesale, and GPMP. Refer to Note 9 below for further information with respect to the segments.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation All significant intercompany balances and transactions have been eliminated in the accompanying condensed consolidated financial statements, which are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Interim Financial Statements The accompanying condensed consolidated financial statements as of June 30, 2022 and for the three and six months ended June 30, 2022 and 2021 (“interim financial statements”) are unaudited and have been prepared in accordance with GAAP for interim financial information and Regulation S-X set forth by the Securities and Exchange Commission for interim reporting. In the opinion of management, all adjustments (consisting of normal and recurring adjustments except those otherwise described herein) considered necessary for a fair presentation have been included in the accompanying interim financial statements. However, they do not include all of the information and disclosures required by GAAP for complete financial statements. Therefore, the interim financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes of the Company included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (the “annual financial statements”). The same significant accounting policies, presentation and methods of computation have been followed in these interim financial statements as were applied in the preparation of the annual financial statements. Accounting Periods The Company’s fiscal periods end on the last day of the month, and its fiscal year ends on December 31. This results in the Company experiencing fluctuations in current assets and current liabilities due to purchasing and payment patterns which change based upon the day of the week. As a result, working capital can change from period to period not only due to changing business operations, but also due to a change in the day of the week in which each period ends. The Company earns a disproportionate amount of its annual operating income in the second and third quarters as a result of the climate and seasonal buying patterns of its customers. Inclement weather, especially in the Midwest and Northeast regions of the U.S. during the winter months, can negatively impact financial results. Use of Estimates In the preparation of interim condensed consolidated financial statements, management may make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the interim condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include right-of-use assets and lease liabilities; impairment of goodwill, intangible, right-of-use and fixed assets; environmental assets and liabilities; deferred tax assets; and asset retirement obligations. Revenue Recognition Revenue is recognized when control of the promised goods or services is transferred to the customers. This requires the Company to identify contractual performance obligations and determine whether revenue should be recognized at a single point in time or over time, based on when control of goods and services transfers to a customer. Control is transferred to the customer over time if the customer simultaneously receives and consumes the benefits provided by the Company’s performance. If a performance obligation is not satisfied over time, the Company satisfies the performance obligation at a single point in time. Revenue is recognized in an amount that reflects the consideration to which the Company expects to be entitled in exchange for goods or services. When the Company satisfies a performance obligation by transferring control of goods or services to the customer, revenue is recognized against contract assets in the amount of consideration to which the Company is entitled. When the consideration amount received from the customer exceeds the amounts recognized as revenue, the Company recognizes a contract liability for the excess. An asset is recognized related to the costs incurred to obtain a contract (i.e. sales commissions) if the costs are specifically identifiable to a contract, the costs will result in enhancing resources that will be used in satisfying performance obligations in the future and the costs are expected to be recovered. These capitalized costs are recorded as a part of other current assets and other non-current assets and are amortized on a systematic basis consistent with the pattern of transfer of the goods or services to which such costs relate. The Company expenses the costs to obtain a contract, as and when they are incurred, in cases where the expected amortization period is one year or less. The Company evaluates if it is a principal or an agent in a transaction to determine whether revenue should be recorded on a gross or a net basis. In performing this analysis, the Company considers first whether it controls the goods before they are transferred to the customers and if it has the ability to direct the use of the goods or obtain benefits from them. The Company also considers the following indicators: (1) the primary obligor, (2) the latitude in establishing prices and selecting suppliers, and (3) the inventory risk borne by the Company before and after the goods have been transferred to the customer. When the Company acts as principal, revenue is recorded on a gross basis. When the Company acts as agent, revenue is recorded on a net basis. Fuel revenue and fuel cost of revenue included fuel taxes of $ 243.7 million , $ 262.7 million , $ 475.5 million and $ 485.2 million for the three and six months ended June 30, 2022 and 2021, respectively. Refer to Note 9 for disclosure of the revenue disaggregated by segment and product line, as well as a description of the reportable segment operations. Reclassifications Certain prior year equity amounts have been reclassified to conform to the current year presentation. New Accounting Pronouncements Reference Rate Reform – In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This standard included optional guidance for a limited period of time to help ease the burden in accounting for the effects of reference rate reform. The new standard is effective for all entities through December 31, 2022. The Company has not needed to implement this optional guidance.

Debt

Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt	3. Debt The components of debt were as follows: June 30, December 31, (in thousands) Senior Notes $ 443,268 $ 442,889 PNC term loan 32,401 32,385 M&T debt 40,969 43,392 Capital One line of credit 195,831 195,232 Insurance premium notes 2,024 3,111 Total debt, net $ 714,493 $ 717,009 Less current portion ( 39,391 ) ( 40,384 ) Total long-term debt, net $ 675,102 $ 676,625

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	4. Leases As of June 30, 2022 , the Company leased 1,129 of the convenience stores that it operates, 161 independent dealer locations and certain office and storage spaces, including land and buildings in certain cases . Most of the lease agreements are for long-term periods, ranging from 15 to 20 years , and generally include several renewal options for extension periods for five to 25 years each. Additionally, the Company leases certain store equipment, office equipment, automatic tank gauges and fuel dispensers. The components of lease cost recorded on the condensed consolidated statements of operations were as follows: For the Three Months For the Six Months 2022 2021 2022 2021 (in thousands) Finance lease cost: Depreciation of right-of-use assets $ 3,037 $ 3,410 $ 6,084 $ 6,727 Interest on lease liabilities 4,260 4,374 8,631 8,820 Operating lease costs included in store operating expenses 34,358 32,491 68,653 64,825 Operating lease costs included in general and administrative 351 458 738 854 Lease cost related to variable lease payments, short-term 569 458 1,213 833 Right-of-use asset impairment charges — 412 — 523 Total lease costs $ 42,575 $ 41,603 $ 85,319 $ 82,582

Equity

Equity	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Equity	5. Equity The Company’s board of directors (the “Board”) declared a quarterly dividend of $ 0.02 per share of common stock, which was paid on March 29, 2022 to stockholders of record as of March 15, 2022 , tota ling approximately $ 2.5 million, and declared a quarterly dividend of $ 0.02 per share of common stock, which was paid on June 15, 2022 to stockholders of record as of May 31, 2022 , totaling approximately $ 2.4 million. The amount and timing of dividends payable on the common stock are within the sole discretion of the Board, which will evaluate dividend payments within the context of the Company’s overall capital allocation strategy on an ongoing basis, giving consideration to its current and forecast earnings, financial condition, cash requirements and other factors. As a result of the dividend paid on the common stock, the conversion price of the Company’ s Series A convertible preferred stock has been adjusted from $ 12.00 to $ 11.96 per share, as were the threshold share prices in the Deferred Shares agreement (as defined in Note 8). T he Board declared a quarterly dividend of $ 0.02 per share of common stock, to be paid on September 12, 2022 to stockholders of record as of August 29, 2022 . In February 2022, the Board authorized a share repurchase program for up to an aggregate of $ 50 million of outstanding shares of common stock. The share repurchase program does not have a stated expiration date. In the three and six months ended June 30, 2022 , the Company repurchased approximately 3.1 million and 4.5 million shares of common stock under the repurchase program for approximately $ 27.0 million and $ 39.0 million, or an average share price of $ 8.65 and $ 8.60 , respectively.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2022
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	6. Share-Based Compensation The Compensation Committee of the Board has approved the grant of non-qualified stock options, restricted stock units (“RSUs”), and shares to certain employees, non-employees and members of the Board under the ARKO Corp. 2020 Incentive Compensation Plan (the “Plan”). Stock options granted under the Plan expire no later than ten years from the date of grant and the exercise price may not be less than the fair market value of the shares on the date of grant. Vesting periods are assigned to stock options and restricted share units on a grant-by-grant basis at the discretion of the Board. The Company issues new shares of common stock upon exercise of stock options and vesting of RSUs. Additionally, a non-employee director may receive RSUs in lieu of up to 100 % of his or her cash fees, which RSUs will be settled in common stock upon the director’s departure from the Board or an earlier change in control of the Company. In the six months ended June 30, 2022 , 87,990 RSUs were issued to non-employee directors with a weighted average grant date fair value of $ 8.81 per share, or $ 0.8 million. These awards are included in the table below under restricted stock units. As of June 30, 2022 , 177,560 RSUs issued to non-employee directors were outstanding. The following table summarizes share activity related to stock options and restricted stock units: Stock Restricted (in thousands) Options Outstanding/Nonvested RSUs, December 31, 2021 126 1,606 Granted 771 1,902 Options Exercised/RSUs released — ( 374 ) Forfeited — ( 19 ) Options Outstanding/Nonvested RSUs, June 30, 2022 897 3,115 The following table summarizes the stock options granted in 2022: Weighted average fair value $ 2.70 Weighted average exercise price $ 9.11 Remaining average contractual term (years) 9.7 The fair value of each stock option award is estimated by management on the date of the grant using the Black-Scholes option pricing model. The following table summarizes the assumptions utilized in the valuation of the stock option awards granted in the six months ended June 30, 2022: Expected dividend rate 0.9 % Expected stock price volatility 28.3 % Risk-free interest rate 1.7 % Expected term of options (years) 10.0 The expected stock price volatility is based on the historical volatility of the Company’s peer group’s stock price. The volatilities are estimated for a period of time equal to the expected term of the related option. The risk-free interest rate is based on the implied yield of U.S. Treasury zero-coupon issues with an equivalent remaining term. The expected term of the options represents the estimated period of time until exercise and is determined by considering the contractual terms, vesting schedule and expectations of future employee behavior. All of the stock option awards were out of the money as of June 30, 2022. In the six months ended June 30, 2022 , the Company granted 693,590 time-vested RSUs with a weighted average grant date fair value of $ 8.47 per share, or $ 5.9 million, and vesting over a weighted average period of 2.9 years. In the six months ended June 30, 2022 , the Company granted a target of 1,120,354 performance-based RSUs with a weighted average grant date fair value of $ 8.35 per share, or $ 9.3 million. The 2022 performance-based RSUs were awarded to certain members of senior management in connection with the achievement of specific key financial metrics primarily measured over a three-year period and cliff vest at the end of such period. The number of 2022 performance-based RSUs that will ultimately vest is contingent upon the achievement of these key financial metrics by the end of the performance period. The Company assesses the probability of achieving these metrics on a quarterly basis except for performance-based RSUs with market conditions. For these awards, the Company recognizes the fair value expense ratably over the performance and vesting period. These awards are included in the table above in RSUs Granted. During the six months ended June 30, 2022 , the Company granted 13,332 shares of common stock to certain members of senior management, with a weighted average grant date fair value of $ 7.58 per share, or $ 0.1 million, with no vesting period. Total compensation cost recorded for employees, non-employees and members of the Board for the three and six months ended June 30, 2022 and 2021 was $ 3.1 million, $ 1.5 million, $ 5.9 million and $ 2.5 million, respectively, and included in general and administrative expenses on the condensed consolidated statements of operations. As of June 30, 2022 and December 31, 2021 , total unrecognized compensation cost related to unvested shares, stock options and RSUs granted was approximately $ 23.7 million and $ 11.6 million, respectively.

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	7. Earnings per Share The following table sets forth the computation of basic and diluted net income per share of common stock: For the Three Months For the Six Months 2022 2021 2022 2021 (in thousands) Net income available to common stockholders $ 30,320 $ 24,085 $ 31,141 $ 7,947 Dividends on redeemable preferred stock 1,434 1,434 — — Net income available to common stockholders after assumed $ 31,754 $ 25,519 $ 31,141 $ 7,947 Weighted average common shares outstanding — Basic 121,529 124,428 122,909 124,395 Effect of dilutive securities: Restricted share units 668 252 336 138 Ares warrants — 19 — 10 Redeemable preferred stock 8,361 8,333 — — Weighted average common shares outstanding — Diluted 130,558 133,032 123,245 124,543 Net income per share available to common stockholders $ 0.25 $ 0.19 $ 0.25 $ 0.06 Net income per share available to common stockholders $ 0.24 $ 0.19 $ 0.25 $ 0.06 The following potential shares of common stock have been excluded from the computation of diluted net income per share because their effect would have been antidilutive: As of June 30, 2022 2021 (in thousands) Stock options 897 126 Ares warrants 1,100 — Public and Private warrants 17,333 17,333 Ares Put Option * * * Refer to the description of this instrument in Note 8. The effect of the potential shares of common stock issuable upon conversion of the redeemable preferred stock was antidilutive for the six months ended June 30, 2022 and 2021 , and such shares were excluded from the computation of diluted net income per share.

Fair Value Measurements and Fin

Fair Value Measurements and Financial Instruments	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements and Financial Instruments	8. Fair Value Measurements and Financial Instruments The fair value of cash and cash equivalents, restricted cash and investments, trade receivables, accounts payable and other current liabilities approximated their carrying values as of June 30, 2022 and December 31, 2021 primarily due to the short-term maturity of these instruments. On October, 21, 2021, the Company completed a private offering of $ 450 million aggregate principal amount of 5.125 % Senior Notes due 2029 (the “Senior Notes”). Based on market trades of the Senior Notes close to June 30, 2022 and December 31, 2021 (Level 1 fair value measurement), the fair value of the Senior Notes was estimated at approximately $ 345 million and $ 436 million, respectively, compared to a gross carrying value of $ 450 million at June 30, 2022 and December 31, 2021. The fair value of the other long-term debt approximated their carrying values as of June 30, 2022 and December 31, 2021 due to the frequency with which interest rates are reset based on changes in prevailing interest rates. The contingent consideration from the acquisition of the Empire business is measured at fair value at the end of each reporting period and amounted to $ 5.3 million and $ 6.2 million as of June 30, 2022 and December 31, 2021 , respectively. The fair value methodology for the contingent consideration liability is categorized as Level 3 because inputs to the valuation methodology are unobservable and significant to the fair value adjustment. Approximately $ 0.5 million, $( 0.2 ) million, $ 0.4 million and $( 0.4 ) million were recorded as a component of interest and other financial income (expenses) in the condensed consolidated statements of operations for the change in the fair value of the contingent consideration for the three and six months ended June 30, 2022 and 2021 , respectively, and approximately $ 0.5 million of income was recorded as a component of other expenses, net in the condensed consolidated statements of operations for both the three and six months ended June 30, 2022. The public warrants to purchase the Company’s common stock (the “Public Warrants”), of which approximately 14.7 million were outstanding as of June 30, 2022 , are measured at fair value at the end of each reporting period and amounted to $ 20.9 million and $ 23.6 million as of June 30, 2022 and December 31, 2021 , respectively. The fair value methodology for the Public Warrants is categorized as Level 1. Approximately $ 7.1 million, $ 0.8 million, $ 5.2 million and $( 8.4 ) million were recorded as a component of interest and other financial income (expenses) in the condensed consolidated statements of operations for the change in the fair value of the Public Warrants for the three and six months ended June 30, 2022 and 2021, respectively. The private warrants to purchase the Company’s common stock (the “Private Warrants”), of which approximately 2.6 million were outstanding as of June 30, 2022 , are measured at fair value at the end of each reporting period and amounted to $ 3.9 million and $ 7.2 million as of June 30, 2022 and December 31, 2021 , respectively. The fair value methodology for the Private Warrants is categorized as Level 2 because certain inputs to the valuation methodology are unobservable and significant to the fair value adjustment. The Private Warrants have been recorded at fair value based on a Black-Scholes option pricing model with the following material assumptions based on observable and unobservable inputs: June 30, Expected term (in years) 3.5 Expected dividend rate 1.0 % Volatility 38.2 % Risk-free interest rate 3.0 % Strike price $ 11.50 For the change in the fair value of the Private Warrants, approximately $ 1.2 million, $ 1.4 million, $ 0.9 million and $( 1.4 ) million were recorded as a component of interest and other financial income (expenses) in the condensed consolidated statements of operations for the three and six months ended June 30, 2022 and 2021, respectively. The Haymaker Founders (as defined in Note 17 to the annual financial statements) will be entitled to up to 200 thousand shares of common stock to be issued subject to the number of incremental shares of common stock issued to the holders of the Series A redeemable preferred stock not being higher than certain thresholds (the “Deferred Shares”). The Deferred Shares are measured at fair value at the end of each reporting period and amounted to $ 1.4 million and $ 1.6 million as of June 30, 2022 and December 31, 2021 , respectively. The fair value methodology for the Deferred Shares is categorized as Level 3 because inputs to the valuation methodology are unobservable and significant to the fair value adjustment. The Deferred Shares have been recorded at fair value based on a Monte Carlo pricing model with the following material assumptions based on observable and unobservable inputs: June 30, Expected term (in years) 4.9 Volatility 40.2 % Risk-free interest rate 3.0 % Stock price $ 8.16 Approximately $ 0.2 million, $ 0.2 million, $ 0.2 million and $ 0 were recorded as a component of interest and other financial income in the condensed consolidated statements of operations for the change in the fair value of the Deferred Shares for the three and six months ended June 30, 2022 and 2021, respectively. The Company entered into an agreement with Ares Capital Corporation (“Ares”) and certain of its affiliates (the “Ares Put Option”), which generally guarantees Ares a value of approximately $ 27.3 million (including all dividend payments received by Ares) at the end of February 2023 for the shares of common stock that the Company issued in consideration for its acquisition in December 2020 of equity in GPM. The Ares Put Option is measured at fair value at the end of each reporting period and amounted to $ 9.4 million and $ 8.9 million as of June 30, 2022 and December 31, 2021 , respectively. The fair value methodology for the Ares Put Option is categorized as Level 3 because inputs to the valuation methodology are unobservable and significant to the fair value adjustment. The Ares Put Option has been recorded at its fair value based on a Monte Carlo pricing model with the following material assumptions based on observable and unobservable inputs: June 30, Expected term (in years) 0.7 Volatility 33.5 % Risk-free interest rate 2.6 % Strike price $ 12.895 Approximately $( 1.6 ) million, $( 0.9 ) million, $( 0.5 ) million and $ 0.3 million were recorded as a component of interest and other financial income (expenses) in the condensed consolidated statements of operations for the change in the fair value of the Ares Put Option for the three and six months ended June 30, 2022 and 2021 , respectively.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Segment Reporting	9. Segment Reporting The reportable segments were determined based on information reviewed by the chief operating decision maker for operational decision-making purposes and the segment information is prepared on the same basis that our chief operating decision maker reviews such financial information. The Company’s reporting segments are the retail segment, the wholesale segment and the GPMP segment. The Company defines segment earnings as operating income. The retail segment includes the operation of a chain of retail stores, which includes convenience stores selling fuel products and other merchandise to retail customers. At its Company operated convenience stores, the Company owns the merchandise and fuel inventory and employs personnel to manage the store. The wholesale segment supplies fuel to independent dealers, sub-wholesalers and bulk and spot purchasers, on either a cost plus or consignment basis. For consignment arrangements, the Company retains ownership of the fuel inventory at the site, is responsible for the pricing of the fuel to the end consumer, and shares the gross profit with the independent dealers. The GPMP segment includes GPM Petroleum LP (“GPMP”) and primarily includes the sale and supply of fuel to GPM and its subsidiaries that sell fuel (both in the retail and wholesale segments) at GPMP’s cost of fuel (including taxes and transportation) plus a fixed margin (currently 5.0 cents per gallon) and the supply of fuel to a small number of independent dealers and bulk and spot purchasers. The “All Other” segment includes the results of non-reportable segments which do not meet both quantitative and qualitive criteria as defined under ASC 280, Segment Reporting. The majority of general and administrative expenses, depreciation and amortization, net other expenses, net interest and other financial expenses, income taxes and minor other income items including intercompany operating leases are not allocated to the segments. With the exception of goodwill, assets and liabilities relevant to the reportable segments are not assigned to any particular segment, but rather, managed at the consolidated level. All reportable segment revenues were generated from sites within the United States and substantially all of the Company’s assets were within the United States. Inter-segment transactions primarily included the distribution of fuel by GPMP to GPM and its subsidiaries that sell fuel (both in the retail and wholesale segments). The effect of these inter-segment transactions was eliminated in the condensed consolidated financial statements. Retail Wholesale GPMP All Other Total For the Three Months Ended June 30, 2022 (in thousands) Revenues Fuel revenue $ 1,117,849 $ 966,434 $ 1,571 $ — $ 2,085,854 Merchandise revenue 431,751 — — — 431,751 Other revenues, net 16,667 5,733 258 — 22,658 Total revenues from external customers 1,566,267 972,167 1,829 — 2,540,263 Inter-segment — — 1,738,243 302 1,738,545 Total revenues from reportable segments 1,566,267 972,167 1,740,072 302 4,278,808 Operating income 71,847 9,786 21,799 302 103,734 Interest and financial expenses, net ( 1,819 ) — ( 1,819 ) Income from equity investment 28 28 Net income from reportable segments $ 101,943 For the Three Months Ended June 30, 2021 Revenues Fuel revenue $ 768,716 $ 690,521 $ 1,526 $ — $ 1,460,763 Merchandise revenue 426,365 — — — 426,365 Other revenues, net 17,252 5,212 264 — 22,728 Total revenues from external customers 1,212,333 695,733 1,790 — 1,909,856 Inter-segment — — 1,092,926 317 1,093,243 Total revenues from reportable segments 1,212,333 695,733 1,094,716 317 3,003,099 Operating income 71,215 5,992 23,610 317 101,134 Interest and financial expenses, net ( 3,859 ) — ( 3,859 ) Income tax expense ( 55 ) ( 55 ) Income from equity investment 26 26 Net income from reportable segments $ 97,246 Retail Wholesale GPMP All Other Total For the Six Months Ended June 30, 2022 (in thousands) Revenues Fuel revenue $ 1,972,516 $ 1,694,131 $ 2,733 $ — $ 3,669,380 Merchandise revenue 798,736 — — — 798,736 Other revenues, net 32,991 11,455 512 — 44,958 Total revenues from external customers 2,804,243 1,705,586 3,245 — 4,513,074 Inter-segment — — 3,013,964 604 3,014,568 Total revenues from reportable segments 2,804,243 1,705,586 3,017,209 604 7,527,642 Operating income 117,526 17,199 42,406 604 177,735 Interest and financial expenses, net ( 4,264 ) — ( 4,264 ) Income tax benefit 177 177 Income from equity investment 37 37 Net income from reportable segments $ 173,685 For the Six Months Ended June 30, 2021 Revenues Fuel revenue $ 1,345,020 $ 1,216,009 $ 2,681 $ — $ 2,563,710 Merchandise revenue 785,646 — — — 785,646 Other revenues, net 34,229 10,151 519 — 44,899 Total revenues from external customers 2,164,895 1,226,160 3,200 — 3,394,255 Inter-segment — — 1,912,393 634 1,913,027 Total revenues from reportable segments 2,164,895 1,226,160 1,915,593 634 5,307,282 Operating income 111,562 8,300 43,733 634 164,229 Interest and financial expenses, net ( 7,700 ) — ( 7,700 ) Income tax expense ( 111 ) ( 111 ) Income from equity investment 20 20 Net income from reportable segments $ 156,438 A reconciliation of total revenues from reportable segments to total revenues on the condensed consolidated statements of operations was as follows: For the Three Months For the Six Months 2022 2021 2022 2021 (in thousands) Total revenues from reportable segments $ 4,278,808 $ 3,003,099 $ 7,527,642 $ 5,307,282 Other revenues, net — ( 42 ) — ( 85 ) Elimination of inter-segment revenues ( 1,738,545 ) ( 1,093,243 ) ( 3,014,568 ) ( 1,913,027 ) Total revenues $ 2,540,263 $ 1,909,814 $ 4,513,074 $ 3,394,170 A reconciliation of net income from reportable segments to net income on the condensed consolidated statements of operations was as follows: For the Three Months For the Six Months 2022 2021 2022 2021 (in thousands) Net income from reportable segments $ 101,943 $ 97,246 $ 173,685 $ 156,438 Amounts not allocated to segments: Other revenues, net — ( 42 ) — ( 85 ) Store operating expenses 747 675 1,331 1,252 General and administrative expenses ( 32,197 ) ( 31,068 ) ( 63,276 ) ( 57,070 ) Depreciation and amortization ( 22,511 ) ( 23,431 ) ( 45,305 ) ( 45,830 ) Other expenses, net ( 1,197 ) ( 1,195 ) ( 2,318 ) ( 2,867 ) Interest and other financial expenses, net ( 5,822 ) ( 8,455 ) ( 19,654 ) ( 33,548 ) Income tax expense ( 9,157 ) ( 8,157 ) ( 10,339 ) ( 7,379 ) Net income $ 31,806 $ 25,573 $ 34,124 $ 10,911

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	10. Commitments and Contingencies Environmental Liabilities and Contingencies The Company is subject to certain federal and state environmental laws and regulations associated with sites at which it stores and sells fuel and other fuel products, as well as at owned and leased locations leased or subleased to independent dealers. As of June 30, 2022 and December 31, 2021, environmental obligations totaled $ 12.6 million and $ 12.9 million , respectively. These amounts were recorded as other current and non-current liabilities in the condensed consolidated balance sheets. Environmental reserves have been established on an undiscounted basis based upon internal and external estimates in regard to each site. It is reasonably possible that these amounts will be adjusted in the future due to changes in estimates of environmental remediation costs, the timing of the payments or changes in federal and/or state environmental regulations. The Company maintains certain environmental insurance policies and participates in various state underground storage tank funds that entitle it to be reimbursed for environmental loss mitigation. Estimated amounts that will be recovered from its insurance policies and various state funds for the exposures totaled $ 5.1 million as of both June 30, 2022 and December 31, 2021, and were recorded as other current and non-current assets in the condensed consolidated balance sheets. Purchase Commitments In the ordinary course of business, the Company has entered into various purchase agreements related to its fuel supply, which include varying volume commitments. In light of the reduction in the number of gallons sold in the current environment, certain of the Company’s principal fuel suppliers have waived the requirements under their agreements with the Company to purchase minimum quantities of gallons, including such requirements under the incentive agreements from such suppliers. As of June 30, 2022, the reduction in gallons sold did not affect the Company’s compliance with its commitments under the agreements with its principal suppliers. Asset Retirement Obligations As part of the fuel operations at its operated convenience stores, at most of the other owned and leased locations leased to independent dealers, and certain other independent dealer locations, there are underground storage tanks for which the Company is responsible. The future cost to remove an underground storage tank is recognized over the estimated remaining useful life of the underground storage tank or the termination of the applicable lease. A liability for the fair value of an asset retirement obligation with a corresponding increase to the carrying value of the related long-lived asset is recorded at the time an underground storage tank is installed. The estimated liability is based upon historical experience in removing underground storage tanks, estimated tank useful lives, external estimates as to the cost to remove the tanks in the future and current and anticipated federal and state regulatory requirements governing the removal of tanks, and discounted. The Company has recorded an asset retirement obligation of $ 59.0 million and $ 58.4 million at June 30, 2022 and December 31, 2021, respectively. The current portion of the asset retirement obligation is included in other current liabilities in the condensed consolidated balance sheets. Program Agreement In April 2022, GPM, together with an affiliate of Oak Street Real Estate Capital Net Lease Property Fund, LP (“Oak Street”), entered into an amendment to the standby real estate purchase, designation and lease program agreement (the “Program Agreement”), which extended the term of the Program Agreement from one to two years and provides for up to $ 1.15 billion of capacity for the acquisition of convenience store and gas station real property by Oak Street, subject to the conditions contained in the Program Agreement, during the second year of the term, in addition to the approximately $ 130 million of funding utilized in July 2022 as described in Note 12, which is inclusive of purchase agreements that the Company or an affiliate thereof may from time to time enter into to acquire convenience stores and gas station real property from third parties. The term of the Program Agreement, as amended, extends through May 2, 2023. Legal Matters The Company is a party to various legal actions, as both plaintiff and defendant, in the ordinary course of business. The Company’s management believes, based on estimations with support from legal counsel for these matters, that these legal actions are routine in nature and incidental to the operation of the Company’s business and that it is not reasonably possible that the ultimate resolution of these matters will have a material adverse impact on the Company’s business, financial condition, results of operations and cash flows.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	11. Related Party Transactions There have been no material changes to the description of related party transactions as set forth in the annual financial statements.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events Quarles Acquisition On July 22, 2022 , the Company consummated its acquisition (the “Quarles Acquisition”) from Quarles Petroleum, Incorporated (“Quarles”) of certain assets, including: • 121 proprietary Quarles-branded cardlock sites and management of 63 third party cardlock sites for fleet fueling operations; • 46 independent dealer locations, including certain lessee-dealer sites; and • a small transportation fleet. The total consideration for the Quarles Acquisition as set forth in the purchase agreement was approximately $ 170 million plus the value of inventory on the closing date. The Company financed approximately $ 40 million of the purchase price with the Capital One line of credit and Oak Street, under the Program Agreement, paid the remaining approximately $ 130 million of consideration for fee simple ownership in 39 sites. At the closing, pursuant to the Program Agreement, the Company amended one of its master leases with Oak Street to add the sites Oak Street acquired in the transaction under customary lease terms. The Quarles Acquisition added fleet fueling to the Company’s business, which includes operation of propriety cardlock locations, management of third-party fueling sites, and marketing of fuel cards with access to a nationwide network of fueling sites. The foregoing will be included as the Company’s fourth reportable segment. Internal Entity Realignment and Streamlining In the third quarter of 2022, the Company, in order to streamline business operations and provide long term synergies and other cost savings, approved an internal restructuring of certain direct and indirect subsidiaries. The internal restructuring involves a series of steps, the majority of which are expected to be completed by the end of the third quarter of 2022. As part of the internal restructuring plan, the tax status of certain subsidiaries will change from nontaxable to taxable. Accordingly, the recognition and derecognition of certain deferred taxes will be reflected in the continuing operations at the date the change in tax status occurs. The Company expects to record a one-time non-cash tax expense in the amount of approximately $ 8.5 million in connection with the internal restructuring. The recording of this deferred tax expense will align the Company’s deferred tax assets and liabilities to reflect the temporary differences between the financial statement and tax basis of the Company’s assets and liabilities at the time of the change in status.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis for Presentation	Basis of Presentation All significant intercompany balances and transactions have been eliminated in the accompanying condensed consolidated financial statements, which are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Interim Financial Statements The accompanying condensed consolidated financial statements as of June 30, 2022 and for the three and six months ended June 30, 2022 and 2021 (“interim financial statements”) are unaudited and have been prepared in accordance with GAAP for interim financial information and Regulation S-X set forth by the Securities and Exchange Commission for interim reporting. In the opinion of management, all adjustments (consisting of normal and recurring adjustments except those otherwise described herein) considered necessary for a fair presentation have been included in the accompanying interim financial statements. However, they do not include all of the information and disclosures required by GAAP for complete financial statements. Therefore, the interim financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes of the Company included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (the “annual financial statements”). The same significant accounting policies, presentation and methods of computation have been followed in these interim financial statements as were applied in the preparation of the annual financial statements.
Accounting Periods	Accounting Periods The Company’s fiscal periods end on the last day of the month, and its fiscal year ends on December 31. This results in the Company experiencing fluctuations in current assets and current liabilities due to purchasing and payment patterns which change based upon the day of the week. As a result, working capital can change from period to period not only due to changing business operations, but also due to a change in the day of the week in which each period ends. The Company earns a disproportionate amount of its annual operating income in the second and third quarters as a result of the climate and seasonal buying patterns of its customers. Inclement weather, especially in the Midwest and Northeast regions of the U.S. during the winter months, can negatively impact financial results.
Use of Estimates	Use of Estimates In the preparation of interim condensed consolidated financial statements, management may make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the interim condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include right-of-use assets and lease liabilities; impairment of goodwill, intangible, right-of-use and fixed assets; environmental assets and liabilities; deferred tax assets; and asset retirement obligations.
Revenue Recognition	Revenue Recognition Revenue is recognized when control of the promised goods or services is transferred to the customers. This requires the Company to identify contractual performance obligations and determine whether revenue should be recognized at a single point in time or over time, based on when control of goods and services transfers to a customer. Control is transferred to the customer over time if the customer simultaneously receives and consumes the benefits provided by the Company’s performance. If a performance obligation is not satisfied over time, the Company satisfies the performance obligation at a single point in time. Revenue is recognized in an amount that reflects the consideration to which the Company expects to be entitled in exchange for goods or services. When the Company satisfies a performance obligation by transferring control of goods or services to the customer, revenue is recognized against contract assets in the amount of consideration to which the Company is entitled. When the consideration amount received from the customer exceeds the amounts recognized as revenue, the Company recognizes a contract liability for the excess. An asset is recognized related to the costs incurred to obtain a contract (i.e. sales commissions) if the costs are specifically identifiable to a contract, the costs will result in enhancing resources that will be used in satisfying performance obligations in the future and the costs are expected to be recovered. These capitalized costs are recorded as a part of other current assets and other non-current assets and are amortized on a systematic basis consistent with the pattern of transfer of the goods or services to which such costs relate. The Company expenses the costs to obtain a contract, as and when they are incurred, in cases where the expected amortization period is one year or less. The Company evaluates if it is a principal or an agent in a transaction to determine whether revenue should be recorded on a gross or a net basis. In performing this analysis, the Company considers first whether it controls the goods before they are transferred to the customers and if it has the ability to direct the use of the goods or obtain benefits from them. The Company also considers the following indicators: (1) the primary obligor, (2) the latitude in establishing prices and selecting suppliers, and (3) the inventory risk borne by the Company before and after the goods have been transferred to the customer. When the Company acts as principal, revenue is recorded on a gross basis. When the Company acts as agent, revenue is recorded on a net basis. Fuel revenue and fuel cost of revenue included fuel taxes of $ 243.7 million , $ 262.7 million , $ 475.5 million and $ 485.2 million for the three and six months ended June 30, 2022 and 2021, respectively. Refer to Note 9 for disclosure of the revenue disaggregated by segment and product line, as well as a description of the reportable segment operations. Reclassifications Certain prior year equity amounts have been reclassified to conform to the current year presentation.
Reclassifications	Reclassifications Certain prior year equity amounts have been reclassified to conform to the current year presentation.
New Accounting Pronouncements	New Accounting Pronouncements Reference Rate Reform – In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This standard included optional guidance for a limited period of time to help ease the burden in accounting for the effects of reference rate reform. The new standard is effective for all entities through December 31, 2022. The Company has not needed to implement this optional guidance.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Debt	The components of debt were as follows: June 30, December 31, (in thousands) Senior Notes $ 443,268 $ 442,889 PNC term loan 32,401 32,385 M&T debt 40,969 43,392 Capital One line of credit 195,831 195,232 Insurance premium notes 2,024 3,111 Total debt, net $ 714,493 $ 717,009 Less current portion ( 39,391 ) ( 40,384 ) Total long-term debt, net $ 675,102 $ 676,625

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Summary of components of lease cost recorded on the consolidated statements of operations	The components of lease cost recorded on the condensed consolidated statements of operations were as follows: For the Three Months For the Six Months 2022 2021 2022 2021 (in thousands) Finance lease cost: Depreciation of right-of-use assets $ 3,037 $ 3,410 $ 6,084 $ 6,727 Interest on lease liabilities 4,260 4,374 8,631 8,820 Operating lease costs included in store operating expenses 34,358 32,491 68,653 64,825 Operating lease costs included in general and administrative 351 458 738 854 Lease cost related to variable lease payments, short-term 569 458 1,213 833 Right-of-use asset impairment charges — 412 — 523 Total lease costs $ 42,575 $ 41,603 $ 85,319 $ 82,582

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Share-based Payment Arrangement [Abstract]
Summary of Stock Options and Restricted Stock Units Activity	The following table summarizes share activity related to stock options and restricted stock units: Stock Restricted (in thousands) Options Outstanding/Nonvested RSUs, December 31, 2021 126 1,606 Granted 771 1,902 Options Exercised/RSUs released — ( 374 ) Forfeited — ( 19 ) Options Outstanding/Nonvested RSUs, June 30, 2022 897 3,115
Summary of Stock Option Granted	The following table summarizes the stock options granted in 2022: Weighted average fair value $ 2.70 Weighted average exercise price $ 9.11 Remaining average contractual term (years) 9.7
Summary of Assumptions Utilized in Valuation of Stock Option Awards	The following table summarizes the assumptions utilized in the valuation of the stock option awards granted in the six months ended June 30, 2022: Expected dividend rate 0.9 % Expected stock price volatility 28.3 % Risk-free interest rate 1.7 % Expected term of options (years) 10.0

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Income Per Share of Common Stock	The following table sets forth the computation of basic and diluted net income per share of common stock: For the Three Months For the Six Months 2022 2021 2022 2021 (in thousands) Net income available to common stockholders $ 30,320 $ 24,085 $ 31,141 $ 7,947 Dividends on redeemable preferred stock 1,434 1,434 — — Net income available to common stockholders after assumed $ 31,754 $ 25,519 $ 31,141 $ 7,947 Weighted average common shares outstanding — Basic 121,529 124,428 122,909 124,395 Effect of dilutive securities: Restricted share units 668 252 336 138 Ares warrants — 19 — 10 Redeemable preferred stock 8,361 8,333 — — Weighted average common shares outstanding — Diluted 130,558 133,032 123,245 124,543 Net income per share available to common stockholders $ 0.25 $ 0.19 $ 0.25 $ 0.06 Net income per share available to common stockholders $ 0.24 $ 0.19 $ 0.25 $ 0.06
Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share	The following potential shares of common stock have been excluded from the computation of diluted net income per share because their effect would have been antidilutive: As of June 30, 2022 2021 (in thousands) Stock options 897 126 Ares warrants 1,100 — Public and Private warrants 17,333 17,333 Ares Put Option * * * Refer to the description of this instrument in Note 8. The effect of the potential shares of common stock issuable upon conversion of the redeemable preferred stock was antidilutive for the six months ended June 30, 2022 and 2021 , and such shares were excluded from the computation of diluted net income per share.

Fair Value Measurements and F_2

Fair Value Measurements and Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair Value Measurement Inputs and Valuation Techniques	The Private Warrants have been recorded at fair value based on a Black-Scholes option pricing model with the following material assumptions based on observable and unobservable inputs: June 30, Expected term (in years) 3.5 Expected dividend rate 1.0 % Volatility 38.2 % Risk-free interest rate 3.0 % Strike price $ 11.50 The Deferred Shares have been recorded at fair value based on a Monte Carlo pricing model with the following material assumptions based on observable and unobservable inputs: June 30, Expected term (in years) 4.9 Volatility 40.2 % Risk-free interest rate 3.0 % Stock price $ 8.16 The Ares Put Option has been recorded at its fair value based on a Monte Carlo pricing model with the following material assumptions based on observable and unobservable inputs: June 30, Expected term (in years) 0.7 Volatility 33.5 % Risk-free interest rate 2.6 % Strike price $ 12.895

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of Reportable Segments	Inter-segment transactions primarily included the distribution of fuel by GPMP to GPM and its subsidiaries that sell fuel (both in the retail and wholesale segments). The effect of these inter-segment transactions was eliminated in the condensed consolidated financial statements. Retail Wholesale GPMP All Other Total For the Three Months Ended June 30, 2022 (in thousands) Revenues Fuel revenue $ 1,117,849 $ 966,434 $ 1,571 $ — $ 2,085,854 Merchandise revenue 431,751 — — — 431,751 Other revenues, net 16,667 5,733 258 — 22,658 Total revenues from external customers 1,566,267 972,167 1,829 — 2,540,263 Inter-segment — — 1,738,243 302 1,738,545 Total revenues from reportable segments 1,566,267 972,167 1,740,072 302 4,278,808 Operating income 71,847 9,786 21,799 302 103,734 Interest and financial expenses, net ( 1,819 ) — ( 1,819 ) Income from equity investment 28 28 Net income from reportable segments $ 101,943 For the Three Months Ended June 30, 2021 Revenues Fuel revenue $ 768,716 $ 690,521 $ 1,526 $ — $ 1,460,763 Merchandise revenue 426,365 — — — 426,365 Other revenues, net 17,252 5,212 264 — 22,728 Total revenues from external customers 1,212,333 695,733 1,790 — 1,909,856 Inter-segment — — 1,092,926 317 1,093,243 Total revenues from reportable segments 1,212,333 695,733 1,094,716 317 3,003,099 Operating income 71,215 5,992 23,610 317 101,134 Interest and financial expenses, net ( 3,859 ) — ( 3,859 ) Income tax expense ( 55 ) ( 55 ) Income from equity investment 26 26 Net income from reportable segments $ 97,246 Retail Wholesale GPMP All Other Total For the Six Months Ended June 30, 2022 (in thousands) Revenues Fuel revenue $ 1,972,516 $ 1,694,131 $ 2,733 $ — $ 3,669,380 Merchandise revenue 798,736 — — — 798,736 Other revenues, net 32,991 11,455 512 — 44,958 Total revenues from external customers 2,804,243 1,705,586 3,245 — 4,513,074 Inter-segment — — 3,013,964 604 3,014,568 Total revenues from reportable segments 2,804,243 1,705,586 3,017,209 604 7,527,642 Operating income 117,526 17,199 42,406 604 177,735 Interest and financial expenses, net ( 4,264 ) — ( 4,264 ) Income tax benefit 177 177 Income from equity investment 37 37 Net income from reportable segments $ 173,685 For the Six Months Ended June 30, 2021 Revenues Fuel revenue $ 1,345,020 $ 1,216,009 $ 2,681 $ — $ 2,563,710 Merchandise revenue 785,646 — — — 785,646 Other revenues, net 34,229 10,151 519 — 44,899 Total revenues from external customers 2,164,895 1,226,160 3,200 — 3,394,255 Inter-segment — — 1,912,393 634 1,913,027 Total revenues from reportable segments 2,164,895 1,226,160 1,915,593 634 5,307,282 Operating income 111,562 8,300 43,733 634 164,229 Interest and financial expenses, net ( 7,700 ) — ( 7,700 ) Income tax expense ( 111 ) ( 111 ) Income from equity investment 20 20 Net income from reportable segments $ 156,438
Schedule of Reconciliation of Total Revenues from Reportable Segments to Total Revenues	A reconciliation of total revenues from reportable segments to total revenues on the condensed consolidated statements of operations was as follows: For the Three Months For the Six Months 2022 2021 2022 2021 (in thousands) Total revenues from reportable segments $ 4,278,808 $ 3,003,099 $ 7,527,642 $ 5,307,282 Other revenues, net — ( 42 ) — ( 85 ) Elimination of inter-segment revenues ( 1,738,545 ) ( 1,093,243 ) ( 3,014,568 ) ( 1,913,027 ) Total revenues $ 2,540,263 $ 1,909,814 $ 4,513,074 $ 3,394,170
Schedule of Reconciliation of Net Income from Reportable Segments to Net Income (Loss)	A reconciliation of net income from reportable segments to net income on the condensed consolidated statements of operations was as follows: For the Three Months For the Six Months 2022 2021 2022 2021 (in thousands) Net income from reportable segments $ 101,943 $ 97,246 $ 173,685 $ 156,438 Amounts not allocated to segments: Other revenues, net — ( 42 ) — ( 85 ) Store operating expenses 747 675 1,331 1,252 General and administrative expenses ( 32,197 ) ( 31,068 ) ( 63,276 ) ( 57,070 ) Depreciation and amortization ( 22,511 ) ( 23,431 ) ( 45,305 ) ( 45,830 ) Other expenses, net ( 1,197 ) ( 1,195 ) ( 2,318 ) ( 2,867 ) Interest and other financial expenses, net ( 5,822 ) ( 8,455 ) ( 19,654 ) ( 33,548 ) Income tax expense ( 9,157 ) ( 8,157 ) ( 10,339 ) ( 7,379 ) Net income $ 31,806 $ 25,573 $ 34,124 $ 10,911

General - Additional Informatio

General - Additional Information (Details)	6 Months Ended
	Jun. 30, 2022 States Sites $ / shares	Dec. 31, 2021 $ / shares
General [Abstract]
Number of self operated sites	1,388
Number of Sites Operated By External Operators (dealers)	1,620
Number of states | States	33
Common stock par value | $ / shares	$ 0.0001	$ 0.0001

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accounting Policies [Abstract]
Contract cost, amortization period			1 year
Fuel revenue and fuel costs included fuel taxes	$ 243.7	$ 262.7	$ 475.5	$ 485.2

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total debt, net	$ 714,493	$ 717,009
Capital One line of credit	195,831	195,232
Insurance premium notes	2,024	3,111
Less current portion	(39,391)	(40,384)
Total long-term debt, net	675,102	676,625
Senior Notes [Member]
Debt Instrument [Line Items]
Total debt, net	443,268	442,889
PNC Term Loan [Member]
Debt Instrument [Line Items]
Total debt, net	32,401	32,385
M&T Debt [Member]
Debt Instrument [Line Items]
Total debt, net	$ 40,969	$ 43,392

Leases - Additional Information

Leases - Additional Information (Details)	6 Months Ended
	Jun. 30, 2022 Store Dealer
Lessee, Lease, Description [Line Items]
Leases description	the Company leased 1,129 of the convenience stores that it operates, 161 independent dealer locations and certain office and storage spaces, including land and buildings in certain cases
Number of leased convenience stores | Store	1,129
Number of dealer locations | Dealer	161
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lease agreements period	20 years
Lease renewal terms	25 years
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lease agreements period	15 years
Lease renewal terms	5 years

Leases - Summary of components

Leases - Summary of components of lease cost recorded on the consolidated statements of operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Finance lease cost:
Depreciation of right-of-use assets	$ 3,037	$ 3,410	$ 6,084	$ 6,727
Interest on lease liabilities	4,260	4,374	8,631	8,820
Operating lease costs included in store operating expenses	34,358	32,491	68,653	64,825
Operating lease costs included in general and administrative expenses	351	458	738	854
Lease cost related to variable lease payments, short-term leases and leases of low value assets	569	458	1,213	833
Right-of-use asset impairment charges	0	412	0	523
Total lease costs	$ 42,575	$ 41,603	$ 85,319	$ 82,582

Equity - Additional Information

Equity - Additional Information (Details) - USD ($) $ / shares in Units, shares in Millions				3 Months Ended	6 Months Ended
	Jul. 20, 2022	Apr. 29, 2022	Feb. 21, 2022	Jun. 30, 2022	Jun. 30, 2022	Feb. 28, 2022
Class of Stock [Line Items]
Dividend payable nature	quarterly	quarterly	quarterly
Declared dividend per share	$ 0.02	$ 0.02	$ 0.02
Dividend payable date	Sep. 12, 2022	Jun. 15, 2022	Mar. 29, 2022
Dividend payable record	Aug. 29, 2022	May 31, 2022	Mar. 15, 2022
Dividend		$ 2,400,000	$ 2,500,000
Authorized amount of share repurchase program						$ 50,000,000
Treasury stock shares, acquired				3.1	4.5
Treasury stock value acquired cost method				$ 27,000,000	$ 39,000,000
Average price per share				$ 8.65	$ 8.60
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Conversion price previously reported			$ 12
Series A Convertible Preferred Stock
Class of Stock [Line Items]
Conversion price			$ 11.96

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum Defer Cash Fee Invested In Restricted Stock Units Percentage			100%
Share-based compensation			$ 5,882	$ 2,514
Total Unrecognized compensation cost related to unvested shares, stock options and RSUs granted	$ 23,700		$ 23,700		$ 11,600
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding	3,115,000		3,115,000		1,606,000
Outstanding, Shares	3,115,000		3,115,000		1,606,000
Granted			1,902,000
Restricted Stock Units (RSUs) | Non-employee Directors
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding	177,560		177,560
Outstanding, Shares	177,560		177,560
Weighted average grant date fair value			$ 8.81
Grant date fair value			$ 800
Granted			87,990
Performance based Restricted Stock Units (RSU's)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average grant date fair value			$ 8.35
Grant date fair value			$ 9,300
Granted			1,120,354
Terms of Agreement			3 years
Employees, Non-employees And Board of Directors | General and Administrative Expense
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 3,100	$ 1,500	$ 5,900	$ 2,500
Time-vested RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average grant date fair value			$ 8.47
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms			2 years 10 months 24 days
Grant date fair value			$ 5,900
Granted			693,590
Unvested Restricted Stock Units | Senior management members
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average grant date fair value			$ 7.58
Grant date fair value			$ 100
Granted			13,332

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Stock Options and Restricted Stock Units Activity (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2022 shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options Outstanding Beginning Balance	126
Granted	771
Options Exercised	0
Forfeited	0
Options Outstanding, Ending Balance	897
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Nonvested RSUs, Beginning Balance	1,606
Granted	1,902
RSUs released	(374)
Forfeited	(19)
Nonvested RSUs, Ending Balance	3,115

Share-Based Compensation - Su_2

Share-Based Compensation - Summary of Stock Option Granted (Details)	6 Months Ended
	Jun. 30, 2022 $ / shares
Share-based Payment Arrangement, Noncash Expense [Abstract]
Weighted average fair value	$ 2.70
Weighted average exercise price	$ 9.11
Remaining average contractual team (years)	9 years 8 months 12 days

Share-Based Compensation - Su_3

Share-Based Compensation - Summary of the Assumptions Utilized in the Valuation of the Stock Option Awards (Details)	6 Months Ended
	Jun. 30, 2022
Share-based Payment Arrangement, Noncash Expense [Abstract]
Expected dividend rate	0.90%
Expected stock price volatility	28.30%
Risk-free interest rate	1.70%
Expected term of options (years)	10 years

Earnings per Share - Computatio

Earnings per Share - Computation of Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net loss attributable to common shareholders	$ 30,320	$ 24,085	$ 31,141	$ 7,947
Dividends on redeemable preferred stock	1,434	1,434	0	0
Net loss available to common stockholders after assumed conversions	$ 31,754	$ 25,519	$ 31,141	$ 7,947
Weighted average common shares outstanding — Basic	121,529	124,428	122,909	124,395
Effect of dilutive securities:
Restricted share units	$ 668	$ 252	$ 336	$ 138
Ares warrants	0	19	0	10
Redeemable preferred stock	$ 8,361	$ 8,333	$ 0	$ 0
Weighted average common shares outstanding — Diluted	130,558	133,032	123,245	124,543
Net income per share available to common stockholders - Basic	$ 0.25	$ 0.19	$ 0.25	$ 0.06
Net income per share available to common stockholders - Diluted	$ 0.24	$ 0.19	$ 0.25	$ 0.06

Earnings per Share - Schedule o

Earnings per Share - Schedule of Securities with Antidilutive Earnings Per Share (Details) - shares shares in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Stock options [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of diluted earnings per share (in shares)	897	126
Ares warrants [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of diluted earnings per share (in shares)	1,100	0
Public and Private warrants [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of diluted earnings per share (in shares)	17,333	17,333

Fair Value Measurements and F_3

Fair Value Measurements and Financial Instruments - Additional Information (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Oct. 21, 2021	Dec. 31, 2020
Fair Value Measurements [Line Items]
Change in fair value of Contingent Consideration	$ 0.5		$ 0.5
Fair value adjustment of Deferred shares	0.2	$ 0.2	0.2	$ 0
Fair value adjustment of warrants	0.5	(0.2)	0.4	(0.4)
Senior Notes [Member]
Fair Value Measurements [Line Items]
Senior Notes, Noncurrent						$ 450
Debt instrument, interest rate, stated percentage						5.125%
Fair value of bonds	345		345		$ 436
Long-term Debt, Gross	450		450		450
Level 3 [Member]
Fair Value Measurements [Line Items]
Contingent payments related to acquisitions	$ 5.3		$ 5.3		6.2
Public Warrants [Member]
Fair Value Measurements [Line Items]
Warrants to purchase common stock	14,700		14,700
Public Warrants Liability Fair Value Adjustment	$ 7.1	5.2	$ 0.8	(8.4)
Public Warrants [Member] | Level 1 [Member]
Fair Value Measurements [Line Items]
Fair value of warrants	20.9		20.9		23.6
Private Warrants [Member]
Fair Value Measurements [Line Items]
Private warrants liability fair value adjustment	$ 1.2	0.9	$ 1.4	(1.4)
Warrants to purchase common stock	2,600		2,600
Private Warrants [Member] | Level 2 [Member]
Fair Value Measurements [Line Items]
Fair value of warrants	$ 3.9		$ 3.9		7.2
Deferred Shares [Member]
Fair Value Measurements [Line Items]
Warrants to purchase common stock	200		200
Fair Value of Deferred Shares classified as liabilities, value	$ 1.4		$ 1.4		1.6
Ares Put Option [Member]
Fair Value Measurements [Line Items]
Put Option Contract Fair Value							$ 27.3
Fair value of put option	9.4		9.4		$ 8.9
Change in fair value of Ares Put Option	$ (1.6)	$ 0.5	$ (0.9)	$ 0.3

Fair Value Measurements and F_4

Fair Value Measurements and Financial Instruments - Fair Value Material Assumptions Based on Observable and Unobservable Inputs (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2022 yr $ / shares	Jun. 30, 2022 yr $ / shares
Expected Dividend Rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	1	1
Level 3 [Member] | Ares Put Option [Member] | Expected term (in years) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input | yr	0.7	0.7
Level 3 [Member] | Ares Put Option [Member] | Volatility [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	33.5	33.5
Level 3 [Member] | Ares Put Option [Member] | Risk-free interest rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	2.6	2.6
Level 3 [Member] | Ares Put Option [Member] | Stock price [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Strike price | $ / shares		$ 12.895
Private Warrants [Member] | Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Strike price | $ / shares		$ 11.50
Private Warrants [Member] | Level 2 [Member] | Expected term (in years) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input | yr	3.5	3.5
Private Warrants [Member] | Level 2 [Member] | Volatility [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	38.2	38.2
Private Warrants [Member] | Level 2 [Member] | Risk-free interest rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	3	3
Deferred Shares [Member] | Level 3 [Member] | Expected term (in years) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input | yr	4.9	4.9
Deferred Shares [Member] | Level 3 [Member] | Volatility [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	40.2	40.2
Deferred Shares [Member] | Level 3 [Member] | Risk-free interest rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	3	3
Deferred Shares [Member] | Level 3 [Member] | Stock price [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Strike price | $ / shares	$ 8.16

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	6 Months Ended
	Jun. 30, 2022 $ / gal
Segment Reporting [Abstract]
Fixed margin	5

Segment Reporting - Schedule of

Segment Reporting - Schedule of Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total revenues	$ 2,540,263	$ 1,909,814	$ 4,513,074	$ 3,394,170
Operating Income	103,734	101,134	177,735	164,229
Interest and financial expenses, net	(1,819)	(3,859)	4,264	(7,700)
Income tax (expense) benefit		(55)	177	(111)
Income from equity investment	28	26	37	20
Net income from reportable segments	101,943	97,246	173,685	156,438
Operating Segments
Segment Reporting Information [Line Items]
Total revenues	2,540,263	1,909,856	4,513,074	3,394,255
Net income from reportable segments	101,943	97,246	173,685	156,438
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues	1,738,545	1,093,243	3,014,568	1,913,027
Reportable Legal Entities
Segment Reporting Information [Line Items]
Total revenues	4,278,808	3,003,099	7,527,642	5,307,282
Retail
Segment Reporting Information [Line Items]
Operating Income	71,847	71,215	117,526	111,562
Retail | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	1,566,267	1,212,333	2,804,243	2,164,895
Retail | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Retail | Reportable Legal Entities
Segment Reporting Information [Line Items]
Total revenues	1,566,267	1,212,333	2,804,243	2,164,895
Wholesale
Segment Reporting Information [Line Items]
Operating Income	9,786	5,992	17,199	8,300
Wholesale | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	972,167	695,733	1,705,586	1,226,160
Wholesale | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Wholesale | Reportable Legal Entities
Segment Reporting Information [Line Items]
Total revenues	972,167	695,733	1,705,586	1,226,160
Gpmp
Segment Reporting Information [Line Items]
Operating Income	21,799	23,610	42,406	43,733
Interest and financial expenses, net	(1,819)	(3,859)	4,264	(7,700)
Gpmp | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	1,829	1,790	3,245	3,200
Gpmp | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues	1,738,243	1,092,926	3,013,964	1,912,393
Gpmp | Reportable Legal Entities
Segment Reporting Information [Line Items]
Total revenues	1,740,072	1,094,716	3,017,209	1,915,593
Other Segments
Segment Reporting Information [Line Items]
Operating Income	302	317	604	634
Interest and financial expenses, net	0	0	0
Income tax (expense) benefit		(55)	177	(111)
Income from equity investment	28	26	37	20
Other Segments | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Other Segments | Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues	302	317	604	634
Other Segments | Reportable Legal Entities
Segment Reporting Information [Line Items]
Total revenues	302	317	604	634
Fuel Revenue [Member]
Segment Reporting Information [Line Items]
Total revenues	2,085,854	1,460,763	3,669,380	2,563,710
Fuel Revenue [Member] | Retail
Segment Reporting Information [Line Items]
Total revenues	1,117,849	768,716	1,972,516	1,345,020
Fuel Revenue [Member] | Wholesale
Segment Reporting Information [Line Items]
Total revenues	966,434	690,521	1,694,131	1,216,009
Fuel Revenue [Member] | Gpmp
Segment Reporting Information [Line Items]
Total revenues	1,571	1,526	2,733	2,681
Fuel Revenue [Member] | Other Segments
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Merchandise Revenue [Member]
Segment Reporting Information [Line Items]
Total revenues	431,751	426,365	798,736	785,646
Merchandise Revenue [Member] | Retail
Segment Reporting Information [Line Items]
Total revenues	431,751	426,365	798,736	785,646
Merchandise Revenue [Member] | Wholesale
Segment Reporting Information [Line Items]
Total revenues		0	0	0
Merchandise Revenue [Member] | Gpmp
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Merchandise Revenue [Member] | Other Segments
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Other Revenues, Net
Segment Reporting Information [Line Items]
Total revenues	22,658	22,728	44,958	44,899
Other Revenues, Net | Retail
Segment Reporting Information [Line Items]
Total revenues	16,667	17,252	32,991	34,229
Other Revenues, Net | Wholesale
Segment Reporting Information [Line Items]
Total revenues	5,733	5,212	11,455	10,151
Other Revenues, Net | Gpmp
Segment Reporting Information [Line Items]
Total revenues	258	264	512	519
Other Revenues, Net | Other Segments
Segment Reporting Information [Line Items]
Total revenues	$ 0	$ 0	$ 0	$ 0

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Revenue from Segments to Consolidated (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Information [Line Items]
Total revenues	$ 2,540,263	$ 1,909,814	$ 4,513,074	$ 3,394,170
Reportable Legal Entities
Segment Information [Line Items]
Total revenues	4,278,808	3,003,099	7,527,642	5,307,282
Intersegment Eliminations
Segment Information [Line Items]
Total revenues	1,738,545	1,093,243	3,014,568	1,913,027
Other Revenue [Member]
Segment Information [Line Items]
Total revenues	$ 0	$ (42)	$ 0	$ (85)

Segment Reporting - Reconcili_2

Segment Reporting - Reconciliation of net income from Segments to Consolidated (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Information [Line Items]
Net income from reportable segments	$ 101,943	$ 97,246	$ 173,685	$ 156,438
Total revenues	2,540,263	1,909,814	4,513,074	3,394,170
Store operating expenses	178,077	154,668	344,615	299,606
General and administrative expenses	32,956	31,861	64,741	58,574
Depreciation and amortization	24,353	25,273	48,989	49,515
Other expenses, net	(1,197)	(1,195)	(2,318)	(2,867)
Income tax (expense) benefit	9,157	8,212	10,162	7,490
Net income (loss)	31,754	25,519	33,993	10,783
Other Revenue [Member]
Segment Information [Line Items]
Total revenues	0	(42)	0	(85)
Operating Segments
Segment Information [Line Items]
Net income from reportable segments	101,943	97,246	173,685	156,438
Total revenues	2,540,263	1,909,856	4,513,074	3,394,255
Amounts not allocated to segments [Member]
Segment Information [Line Items]
Store operating expenses	747	675	1,331	1,252
General and administrative expenses	(32,197)	(31,068)	(63,276)	(57,070)
Depreciation and amortization	(22,511)	(23,431)	(45,305)	(45,830)
Other expenses, net	(1,197)	(1,195)	(2,318)	(2,867)
Interest and other financial expenses	(5,822)	(8,455)	(19,654)	(33,548)
Income tax (expense) benefit	(9,157)	(8,157)	(10,339)	(7,379)
Net income (loss)	31,806	25,573	34,124	10,911
Amounts not allocated to segments [Member] | Other Revenue [Member]
Segment Information [Line Items]
Total revenues	$ 0	$ (42)	$ 0	$ (85)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended
	Apr. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Environmental obligations		$ 12.6	$ 12.9
Estimated amount recoverable		5.1	5.1
Asset retirement obligation		$ 59	$ 58.4
Real Estate Funding	$ 1,150
Oak Street [Member]
Loss Contingencies [Line Items]
Remaining Amount to Acquire Businesses	$ 130

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) $ in Thousands		3 Months Ended			6 Months Ended
	Jul. 22, 2022 USD ($) Sites	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Subsequent Event [Line Items]
Income tax (expense) benefit			$ 9,157	$ 8,212	$ 10,162	$ 7,490
Subsequent Event [Member]
Subsequent Event [Line Items]
Income tax (expense) benefit		$ 8,500
Subsequent Event [Member] | Oak Street [Member]
Subsequent Event [Line Items]
Number of sites leased | Sites	39
Business combination purchase price	$ 40,000
Payments to Acquire Business Paid by Others	$ 130,000
Subsequent Event [Member] | Ownership [Member]
Subsequent Event [Line Items]
Number of sites leased | Sites	121
Subsequent Event [Member] | Quarles Petroleum Inc [Member]
Subsequent Event [Line Items]
Number of sites leased | Sites	63
Business combination purchase price	$ 170,000
Date of acquisition agreement	Jul. 22, 2022