Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of Summarized Segment Financial Information

Summarized financial information concerning our segments is shown in the tables below (in millions):

	Three months ended September 30, 2020
	Software Solutions		Data and Analytics		Corporate and Other			Total
Revenues	$	259.5	$	53.1	$	—	(1)	$	312.6
Expenses:
Operating expenses	107.9		34.8		24.5		(2)	167.2
Transition and integration costs	—		—		21.9		(3)	21.9
EBITDA	151.6		18.3		(46.4)			123.5
Depreciation and amortization	30.6		3.6		29.8		(4)	64.0
Operating income (loss)	121.0		14.7		(76.2)			59.5
Interest expense, net								(14.7)
Other expense, net								(0.9)
Earnings before income taxes and equity in earnings of unconsolidated affiliates								43.9
Income tax expense								15.9
Earnings before equity in earnings of unconsolidated affiliates								28.0
Equity in earnings of unconsolidated affiliates, net of tax								86.6
Net earnings								114.6
Net losses attributable to redeemable noncontrolling interests								13.2
Net earnings attributable to Black Knight								$	127.8

	Three months ended September 30, 2019
	Software Solutions		Data and Analytics		Corporate and Other			Total
Revenues	$	257.3	$	41.9	$	(0.1)	(1)	$	299.1
Expenses:
Operating expenses	104.1		31.4		28.4		(2)	163.9
Transition and integration costs	—		—		0.4		(5)	0.4
EBITDA	153.2		10.5		(28.9)			134.8
Depreciation and amortization	31.4		3.9		24.3		(4)	59.6
Operating income (loss)	121.8		6.6		(53.2)			75.2
Interest expense, net								(16.5)
Other expense, net								(0.1)
Earnings before income taxes and equity in losses of unconsolidated affiliates								58.6
Income tax expense								9.4
Earnings before equity in losses of unconsolidated affiliates								49.2
Equity in losses of unconsolidated affiliates, net of tax								(11.9)
Net earnings								$	37.3

	Nine months ended September 30, 2020
	Software Solutions		Data and Analytics		Corporate and Other			Total
Revenues	$	749.3	$	147.4	$	(0.3)	(1)	$	896.4
Expenses:
Operating expenses	312.1		98.4		74.6		(2)	485.1
Transition and integration costs	—		—		26.8		(3)	26.8
EBITDA	437.2		49.0		(101.7)			384.5
Depreciation and amortization	91.1		11.4		77.8		(4)	180.3
Operating income (loss)	346.1		37.6		(179.5)			204.2
Interest expense, net								(42.4)
Other income, net								17.1
Earnings before income taxes and equity in earnings of unconsolidated affiliates								178.9
Income tax expense								41.3
Earnings before equity in earnings of unconsolidated affiliates								137.6
Equity in earnings of unconsolidated affiliates, net of tax								66.2
Net earnings								203.8
Net losses attributable to redeemable noncontrolling interests								13.2
Net earnings attributable to Black Knight								$	217.0

	Nine months ended September 30, 2019
	Software Solutions		Data and Analytics		Corporate and Other			Total
Revenues	$	756.2	$	121.3	$	(0.4)	(1)	$	877.1
Expenses:
Operating expenses	308.4		91.5		83.4		(2)	483.3
Transition and integration costs	—		—		2.3		(5)	2.3
EBITDA	447.8		29.8		(86.1)			391.5
Depreciation and amortization	91.4		11.6		71.0		(4)	174.0
Operating income (loss)	356.4		18.2		(157.1)			217.5
Interest expense, net								(48.2)
Other expense, net								(0.9)
Earnings before income taxes and equity in losses of unconsolidated affiliates								168.4
Income tax expense								34.6
Earnings before equity in losses of unconsolidated affiliates								133.8
Equity in losses of unconsolidated affiliates, net of tax								(37.9)
Net earnings								$	95.9

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(1)    Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP.

(2)    Operating expenses for Corporate and Other includes equity-based compensation, including certain related payroll taxes, of $9.3 million and $14.5 million for the three months ended September 30, 2020 and 2019, respectively, and $30.5 million and $40.6 million for the nine months ended September 30, 2020 and 2019, respectively.

(3) Transition and integration costs primarily consists of costs associated with acquisitions and expense reduction initiatives.

(4)    Depreciation and amortization for Corporate and Other primarily represents net incremental depreciation and amortization adjustments associated with the application of purchase accounting recorded in accordance with GAAP.

(5)     Transition and integration costs primarily consists of costs associated with acquisitions.