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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net revenue:        
Net revenue $ 337.8 $ 306.3 $ 775.8 $ 1,049.1
Operating expense:        
Selling, general and administrative expense 38.8 34.4 85.3 89.4
Impairment of intangible assets 0.0 0.0 17.5 0.0
Transaction expense, net 0.5 0.9 1.0 5.0
Total operating expense 288.3 278.5 738.3 836.9
Operating income 49.5 27.8 37.5 212.2
Other income (expense):        
Interest expense, net (19.7) (18.9) (59.3) (52.0)
Equity in income of unconsolidated affiliates 27.6 14.1 13.2 27.7
Miscellaneous, net (0.4)   (0.1)  
Miscellaneous, net   0.2   0.6
Total other income (expense) 7.5 (4.6) (46.2) (23.7)
Income (loss) from continuing operations before provision for income taxes 57.0 23.2 (8.7) 188.5
Income tax (provision) benefit (13.9) (8.0) 5.6 (53.1)
Income (loss) from continuing operations, net of tax 43.1 15.2 (3.1) 135.4
Loss from discontinued operations, net of tax 0.0 (0.4) (96.1) (1.9)
Net income (loss) 43.1 14.8 (99.2) 133.5
Net loss attributable to noncontrolling interest (0.1) 0.0 (0.2) 0.0
Net income (loss) and comprehensive income (loss) attributable to CDI $ 43.2 $ 14.8 $ (99.0) $ 133.5
Net (loss) income per common share data, basic:        
Continuing operations (in dollars per share) $ 1.09 $ 0.38 $ (0.07) $ 3.37
Discontinued operations (in dollars per share) 0 (0.01) (2.43) (0.05)
Net (loss) income per common share data - basic (in dollars per share) 1.09 0.37 (2.50) 3.32
Net (loss) income per common share data, diluted:        
Continuing operations (in dollars per share) 1.08 0.37 (0.07) 3.33
Discontinued operations (in dollars per share) 0 (0.01) (2.43) (0.05)
Net (loss) income per common share data - diluted (in dollars per share) $ 1.08 $ 0.36 $ (2.50) $ 3.28
Weighted average shares outstanding:        
Basic (in shares) 39.5 40.0 39.6 40.2
Diluted (in shares) 40.1 40.7 39.6 40.7
Churchill Downs        
Net revenue:        
Net revenue $ 60.8 $ 31.4 $ 107.6 $ 234.6
Operating expense:        
Operating expense 48.3 30.8 106.0 127.8
Online Wagering        
Net revenue:        
Net revenue 125.9 70.2 314.4 228.9
Operating expense:        
Operating expense 83.5 52.2 208.2 159.3
Gaming        
Net revenue:        
Net revenue 134.8 178.3 319.7 524.7
Operating expense:        
Operating expense 96.7 137.3 267.1 395.5
All Other        
Net revenue:        
Net revenue 16.3 26.4 34.1 60.9
Operating expense:        
Operating expense $ 20.5 $ 22.9 $ 53.2 $ 59.9