XML 40 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net revenue:    
Total net revenue $ 252.9 $ 265.4
Operating expense:    
Selling, general and administrative expense 24.1 24.9
Impairment of intangible assets 17.5 0.0
Transaction expense, net 0.3 3.5
Total operating expense 264.5 237.4
Operating (loss) income (11.6) 28.0
Other income (expense):    
Interest expense, net (19.3) (13.7)
Equity in (loss) income of unconsolidated affiliates (3.3) 4.1
Total other expense (22.6) (9.6)
(Loss) income from continuing operations before provision for income taxes (34.2) 18.4
Income tax benefit (provision) 11.6 (6.5)
(Loss) income from continuing operations, net of tax (22.6) 11.9
Loss from discontinued operations, net of tax (0.9) (0.3)
Net (loss) income (23.5) 11.6
Net loss attributable to noncontrolling interest (0.1) 0.0
Net (loss) income and comprehensive (loss) income attributable to CDI $ (23.4) $ 11.6
Net (loss) income per common share data, basic:    
Continuing operations (in dollars per share) $ (570,000) $ 0.30
Discontinued operations (in dollars per share) (20,000.00) (0.01)
Net income per common share data - basic (in dollars per share) (590,000) 0.29
Net (loss) income per common share data, diluted:    
Continuing operations (in dollars per share) (570,000) 0.30
Discontinued operations (in dollars per share) (20,000.00) (0.01)
Net income per common share data - diluted (in dollars per share) $ (590,000) $ 0.29
Weighted average shares outstanding:    
Basic (in shares) 39.7 40.4
Diluted (in shares) 39.7 40.6
Churchill Downs    
Net revenue:    
Churchill Downs $ 23.5 $ 21.0
Operating expense:    
Operating expense 26.6 23.4
Online Wagering    
Net revenue:    
Online Wagering 67.3 63.1
Operating expense:    
Operating expense 50.1 45.1
Gaming    
Net revenue:    
Gaming 147.6 168.8
Operating expense:    
Operating expense 124.8 125.0
All Other    
Net revenue:    
All Other 14.5 12.5
Operating expense:    
Operating expense $ 21.1 $ 15.5