Net Income Per Common Share Computations

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Net Income Per Common Share Computations

15. NET INCOME PER COMMON SHARE COMPUTATIONS

The following is a reconciliation of the numerator and denominator of the net income per common share computations:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions, except per share data)	2024		2023		2024		2023
Numerator for basic and diluted net income per common share:
Net income attributable to Churchill Downs Incorporated	$	65.4	$	61.0	$	355.1	$	359.7
Adjustments related to redeemable noncontrolling interest	(1.0)		—		(1.8)		—
Net income attributable to common shareholders	$	64.4	$	61.0	$	353.3	$	359.7
Denominator for net income per common share:
Basic	73.9		75.2		74.0		75.3
Plus dilutive effect of stock awards	0.7		1.9		0.6		1.4
Diluted	74.6		77.1		74.6		76.7
Net income per common share data:
Basic net income	$	0.87	$	0.81	$	4.78	$	4.78
Diluted net income	$	0.86	$	0.79	$	4.73	$	4.69