P5Y4400000167000001670000016700000false0001704720
00.00010.000111500000011500000072223692722343307222369272234330167000001670000016700000167000001670000016700000167000000.02250.0450P5Y0.010P1Y0.00010.000110000000100000000000430000024000001063810638
0001704720
2019-01-01
2019-06-30
0001704720
2019-11-27
2019-11-27
0001704720
2018-12-31
0001704720
2019-06-30
0001704720
2019-04-01
2019-06-30
0001704720
2018-01-01
2018-06-30
0001704720
2018-04-01
2018-06-30
0001704720
cnne:RestaurantSalesMember
2019-04-01
2019-06-30
0001704720
cnne:RestaurantSalesMember
2018-01-01
2018-06-30
0001704720
cnne:RestaurantSalesMember
2018-04-01
2018-06-30
0001704720
cnne:RestaurantSalesMember
2019-01-01
2019-06-30
0001704720
cnne:TotalOtherOperatingRevenueMember
2018-01-01
2018-06-30
0001704720
cnne:TotalOtherOperatingRevenueMember
2019-01-01
2019-06-30
0001704720
cnne:TotalOtherOperatingRevenueMember
2019-04-01
2019-06-30
0001704720
cnne:TotalOtherOperatingRevenueMember
2018-04-01
2018-06-30
0001704720
2019-03-31
0001704720
us-gaap:CommonStockMember
2018-03-31
0001704720
us-gaap:TreasuryStockMember
2019-03-31
0001704720
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-04-01
2019-06-30
0001704720
us-gaap:CommonStockMember
2018-06-30
0001704720
us-gaap:NoncontrollingInterestMember
2018-04-01
2018-06-30
0001704720
us-gaap:CommonStockMember
2019-03-31
0001704720
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-06-30
0001704720
us-gaap:AdditionalPaidInCapitalMember
2018-04-01
2018-06-30
0001704720
us-gaap:AdditionalPaidInCapitalMember
2019-03-31
0001704720
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-04-01
2018-06-30
0001704720
us-gaap:TreasuryStockMember
2019-06-30
0001704720
us-gaap:AdditionalPaidInCapitalMember
2018-03-31
0001704720
us-gaap:RetainedEarningsMember
2018-04-01
2018-06-30
0001704720
cnne:UnconsolidatedAffiliatesMember
us-gaap:AdditionalPaidInCapitalMember
2019-04-01
2019-06-30
0001704720
us-gaap:RetainedEarningsMember
2019-04-01
2019-06-30
0001704720
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-03-31
0001704720
us-gaap:CommonStockMember
2019-06-30
0001704720
us-gaap:NoncontrollingInterestMember
2018-06-30
0001704720
2018-03-31
0001704720
us-gaap:NoncontrollingInterestMember
2019-04-01
2019-06-30
0001704720
us-gaap:AdditionalPaidInCapitalMember
2019-06-30
0001704720
us-gaap:RetainedEarningsMember
2019-06-30
0001704720
us-gaap:NoncontrollingInterestMember
2019-03-31
0001704720
us-gaap:NoncontrollingInterestMember
2019-06-30
0001704720
2018-06-30
0001704720
us-gaap:AdditionalPaidInCapitalMember
2019-04-01
2019-06-30
0001704720
us-gaap:RetainedEarningsMember
2019-03-31
0001704720
cnne:UnconsolidatedAffiliatesMember
2019-04-01
2019-06-30
0001704720
us-gaap:CommonStockMember
2018-04-01
2018-06-30
0001704720
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-06-30
0001704720
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-03-31
0001704720
us-gaap:NoncontrollingInterestMember
2018-03-31
0001704720
us-gaap:RetainedEarningsMember
2018-06-30
0001704720
cnne:CeridianMember
us-gaap:AdditionalPaidInCapitalMember
2018-04-01
2018-06-30
0001704720
us-gaap:AdditionalPaidInCapitalMember
2018-06-30
0001704720
us-gaap:TreasuryStockMember
2018-03-31
0001704720
us-gaap:RetainedEarningsMember
2018-03-31
0001704720
us-gaap:TreasuryStockMember
2018-06-30
0001704720
cnne:CeridianMember
2018-04-01
2018-06-30
0001704720
cnne:CeridianMember
us-gaap:AdditionalPaidInCapitalMember
2018-01-01
2018-06-30
0001704720
us-gaap:AccountingStandardsUpdate201409Member
us-gaap:RetainedEarningsMember
2018-01-01
0001704720
us-gaap:NoncontrollingInterestMember
2018-01-01
2018-06-30
0001704720
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-01-01
2018-06-30
0001704720
us-gaap:RetainedEarningsMember
2018-01-01
2018-06-30
0001704720
us-gaap:CommonStockMember
2018-12-31
0001704720
us-gaap:CommonStockMember
2017-12-31
0001704720
us-gaap:AdditionalPaidInCapitalMember
2019-01-01
2019-06-30
0001704720
us-gaap:NoncontrollingInterestMember
2019-01-01
2019-06-30
0001704720
us-gaap:RetainedEarningsMember
2017-12-31
0001704720
us-gaap:CommonStockMember
2018-01-01
2018-06-30
0001704720
us-gaap:TreasuryStockMember
2018-12-31
0001704720
us-gaap:AdditionalPaidInCapitalMember
2018-01-01
2018-06-30
0001704720
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-01-01
2019-06-30
0001704720
us-gaap:AdditionalPaidInCapitalMember
2018-12-31
0001704720
us-gaap:AccountingStandardsUpdate201409Member
2018-01-01
0001704720
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2017-12-31
0001704720
us-gaap:NoncontrollingInterestMember
2018-12-31
0001704720
us-gaap:NoncontrollingInterestMember
2017-12-31
0001704720
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-12-31
0001704720
us-gaap:RetainedEarningsMember
2019-01-01
2019-06-30
0001704720
us-gaap:RetainedEarningsMember
2018-12-31
0001704720
cnne:UnconsolidatedAffiliatesMember
us-gaap:AdditionalPaidInCapitalMember
2019-01-01
2019-06-30
0001704720
cnne:UnconsolidatedAffiliatesMember
2019-01-01
2019-06-30
0001704720
cnne:CeridianMember
2018-01-01
2018-06-30
0001704720
us-gaap:AdditionalPaidInCapitalMember
2017-12-31
0001704720
us-gaap:TreasuryStockMember
2017-12-31
0001704720
2017-12-31
0001704720
cnne:OtherEquityMethodInvestmentsMember
2019-01-01
2019-06-30
0001704720
cnne:CeridianMember
2018-01-01
2018-06-30
0001704720
cnne:OtherEquityMethodInvestmentsMember
2018-01-01
2018-06-30
0001704720
cnne:CeridianMember
2019-01-01
2019-06-30
0001704720
us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember
cnne:ABRHRealEstateMember
2019-06-30
0001704720
us-gaap:AccountingStandardsUpdate201602Member
2019-01-01
0001704720
cnne:CeridianMember
cnne:UnderwrittenSecondaryPublicOfferingMember
2019-05-22
2019-05-22
0001704720
us-gaap:AccountingStandardsUpdate201409Member
cnne:AdjustmentsforErrorCorrectionsToPriorInterimPeriodsOfCurrentYearMember
cnne:TSystemMember
us-gaap:RetainedEarningsMember
2018-06-30
0001704720
us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember
cnne:ABRHRealEstateMember
2019-04-01
2019-06-30
0001704720
srt:RestatementAdjustmentMember
us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember
cnne:ABRHRealEstateMember
2019-06-30
0001704720
cnne:CeridianMember
cnne:UnderwrittenSecondaryPublicOfferingMember
2019-05-22
0001704720
cnne:QOMPLXInc.Member
2019-07-23
0001704720
srt:RestatementAdjustmentMember
cnne:IncreaseToNetLossPerShareMember
2018-04-01
2018-06-30
0001704720
us-gaap:AccountingStandardsUpdate201409Member
us-gaap:DifferenceBetweenRevenueGuidanceInEffectBeforeAndAfterTopic606Member
us-gaap:RetainedEarningsMember
2017-12-31
0001704720
us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember
cnne:ABRHRealEstateMember
2019-03-31
0001704720
srt:RestatementAdjustmentMember
cnne:DecreaseToIncomeTaxBenefitMember
2018-01-01
2018-06-30
0001704720
us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember
cnne:ABRHRealEstateMember
2019-03-21
2019-03-21
0001704720
srt:RestatementAdjustmentMember
cnne:IncreaseToReclassificationAdjustmentUnrealizedGainsAndLossesOnUnconsolidatedAffiliatesNetofTaxMember
2018-04-01
2018-06-30
0001704720
cnne:CeridianMember
2019-06-30
0001704720
us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember
us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember
cnne:ABRHRealEstateMember
2019-06-30
0001704720
srt:RestatementAdjustmentMember
cnne:DecreaseToIncomeTaxBenefitMember
2018-04-01
2018-06-30
0001704720
srt:RestatementAdjustmentMember
cnne:DecreaseToOtherOperatingRevenueMember
2018-04-01
2018-06-30
0001704720
cnne:CannaeHoldingsInc.Member
cnne:DunAndBradstreetCorporationMember
cnne:DunAndBradstreetCorporationMember
cnne:EquityCommitmentToPurchaseCommonEquityOfStarAndDunAndBradstreetRetainedAndFundedMember
2019-02-08
0001704720
srt:RestatementAdjustmentMember
cnne:DecreaseToDepreciationAndAmortizationMember
2018-01-01
2018-06-30
0001704720
cnne:QOMPLXInc.Member
srt:ScenarioForecastMember
cnne:EquityInvestmentCommitmentFundingMember
2019-01-01
2019-12-31
0001704720
us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember
cnne:ABRHRealEstateMember
2019-03-21
0001704720
srt:RestatementAdjustmentMember
cnne:IncreaseToNetLossPerShareMember
2019-01-01
2019-06-30
0001704720
srt:RestatementAdjustmentMember
cnne:DecreaseToOtherOperatingRevenueMember
2018-01-01
2018-06-30
0001704720
us-gaap:AccountingStandardsUpdate201409Member
us-gaap:DifferenceBetweenRevenueGuidanceInEffectBeforeAndAfterTopic606Member
us-gaap:RetainedEarningsMember
2018-06-30
0001704720
srt:RestatementAdjustmentMember
cnne:IncreaseToNetLossAndNetLossAttributabletoCannaeMember
2018-04-01
2018-06-30
0001704720
srt:RestatementAdjustmentMember
cnne:IncreaseToNetLossAndNetLossAttributabletoCannaeMember
2018-01-01
2018-06-30
0001704720
srt:RestatementAdjustmentMember
cnne:DecreaseToDepreciationAndAmortizationMember
2018-04-01
2018-06-30
0001704720
cnne:DunAndBradstreetCorporationMember
2019-06-01
2019-06-30
0001704720
cnne:QOMPLXInc.Member
2019-07-23
2019-07-23
0001704720
srt:ScenarioPreviouslyReportedMember
2018-04-01
2018-06-30
0001704720
srt:ScenarioPreviouslyReportedMember
2019-06-30
0001704720
srt:RestatementAdjustmentMember
2019-06-30
0001704720
srt:RestatementAdjustmentMember
2019-01-01
2019-06-30
0001704720
srt:RestatementAdjustmentMember
2019-04-01
2019-06-30
0001704720
srt:ScenarioPreviouslyReportedMember
2019-04-01
2019-06-30
0001704720
srt:ScenarioPreviouslyReportedMember
2019-01-01
2019-06-30
0001704720
srt:RestatementAdjustmentMember
us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember
cnne:ABRHRealEstateMember
2019-03-31
0001704720
srt:RestatementAdjustmentMember
cnne:IncreaseToNetLossPerShareMember
2018-01-01
2018-06-30
0001704720
srt:RestatementAdjustmentMember
cnne:ABRHRealEstateMember
2019-06-30
0001704720
srt:RestatementAdjustmentMember
cnne:DecreaseInComprehensiveLossMember
2018-01-01
2018-06-30
0001704720
srt:RestatementAdjustmentMember
cnne:IncreaseToReclassificationAdjustmentUnrealizedGainsAndLossesOnUnconsolidatedAffiliatesNetofTaxMember
2018-01-01
2018-06-30
0001704720
srt:ScenarioPreviouslyReportedMember
2018-01-01
2018-06-30
0001704720
srt:RestatementAdjustmentMember
cnne:IncreaseInComprehensiveEarningsAttributableToCannaeHoldingsInc.Member
2018-01-01
2018-06-30
0001704720
srt:RestatementAdjustmentMember
cnne:DecreaseInComprehensiveLossMember
2018-04-01
2018-06-30
0001704720
srt:RestatementAdjustmentMember
cnne:IncreaseInComprehensiveEarningsAttributableToCannaeHoldingsInc.Member
2018-04-01
2018-06-30
0001704720
cnne:CostofRestaurantRevenueMember
2019-01-01
2019-06-30
0001704720
us-gaap:OtherOperatingIncomeExpenseMember
2019-01-01
2019-06-30
0001704720
us-gaap:OtherOperatingIncomeExpenseMember
2019-04-01
2019-06-30
0001704720
cnne:CostofRestaurantRevenueMember
2019-04-01
2019-06-30
0001704720
srt:MaximumMember
2019-06-30
0001704720
srt:MinimumMember
2019-06-30
0001704720
us-gaap:FairValueInputsLevel3Member
2019-04-01
2019-06-30
0001704720
us-gaap:CorporateDebtSecuritiesMember
us-gaap:FairValueInputsLevel3Member
2019-06-30
0001704720
us-gaap:CorporateDebtSecuritiesMember
us-gaap:FairValueInputsLevel3Member
2019-03-31
0001704720
us-gaap:CorporateDebtSecuritiesMember
us-gaap:FairValueInputsLevel3Member
2018-03-31
0001704720
us-gaap:FairValueInputsLevel3Member
2018-04-01
2018-06-30
0001704720
us-gaap:CorporateDebtSecuritiesMember
us-gaap:FairValueInputsLevel3Member
2018-06-30
0001704720
srt:WeightedAverageMember
us-gaap:FairValueInputsLevel3Member
us-gaap:MeasurementInputDiscountRateMember
2019-06-30
0001704720
srt:MaximumMember
us-gaap:FairValueInputsLevel3Member
us-gaap:MeasurementInputDiscountRateMember
2019-06-30
0001704720
srt:MinimumMember
us-gaap:FairValueInputsLevel3Member
us-gaap:MeasurementInputDiscountRateMember
2019-06-30
0001704720
us-gaap:FairValueInputsLevel2Member
us-gaap:CorporateDebtSecuritiesMember
2018-12-31
0001704720
us-gaap:FairValueInputsLevel1Member
us-gaap:CorporateDebtSecuritiesMember
2018-12-31
0001704720
us-gaap:CorporateDebtSecuritiesMember
2018-12-31
0001704720
us-gaap:FairValueInputsLevel2Member
2018-12-31
0001704720
us-gaap:FairValueInputsLevel3Member
2018-12-31
0001704720
us-gaap:FairValueInputsLevel1Member
2018-12-31
0001704720
us-gaap:FairValueInputsLevel3Member
us-gaap:CorporateDebtSecuritiesMember
2018-12-31
0001704720
us-gaap:FairValueInputsLevel1Member
us-gaap:CorporateDebtSecuritiesMember
2019-06-30
0001704720
us-gaap:FairValueInputsLevel2Member
us-gaap:CorporateDebtSecuritiesMember
2019-06-30
0001704720
us-gaap:FairValueInputsLevel3Member
us-gaap:CorporateDebtSecuritiesMember
2019-06-30
0001704720
us-gaap:FairValueInputsLevel3Member
2019-06-30
0001704720
us-gaap:FairValueInputsLevel2Member
2019-06-30
0001704720
us-gaap:CorporateDebtSecuritiesMember
2019-06-30
0001704720
us-gaap:FairValueInputsLevel1Member
2019-06-30
0001704720
us-gaap:CorporateDebtSecuritiesMember
us-gaap:FairValueInputsLevel3Member
2018-12-31
0001704720
us-gaap:CorporateDebtSecuritiesMember
us-gaap:FairValueInputsLevel3Member
2018-01-01
2018-06-30
0001704720
us-gaap:CorporateDebtSecuritiesMember
us-gaap:FairValueInputsLevel3Member
2017-12-31
0001704720
us-gaap:FairValueInputsLevel3Member
2018-01-01
2018-06-30
0001704720
us-gaap:CorporateDebtSecuritiesMember
us-gaap:FairValueInputsLevel3Member
2019-01-01
2019-06-30
0001704720
us-gaap:FairValueInputsLevel3Member
2019-01-01
2019-06-30
0001704720
cnne:CeridianMember
2018-12-31
0001704720
cnne:DunAndBradstreetCorporationMember
2019-06-30
0001704720
cnne:DunAndBradstreetCorporationMember
2018-12-31
0001704720
cnne:OtherInvestmentsInUnconsolidatedAffiliatesMember
2018-12-31
0001704720
cnne:OtherInvestmentsInUnconsolidatedAffiliatesMember
2019-06-30
0001704720
cnne:DunAndBradstreetCorporationMember
2019-04-01
2019-06-30
0001704720
cnne:DunAndBradstreetCorporationMember
2019-02-08
2019-06-30
0001704720
cnne:DunAndBradstreetCorporationMember
2019-01-01
2019-06-30
0001704720
cnne:DunAndBradstreetCorporationMember
2018-04-01
2018-06-30
0001704720
cnne:OtherInvestmentsInUnconsolidatedAffiliatesMember
2019-01-01
2019-06-30
0001704720
cnne:OtherInvestmentsInUnconsolidatedAffiliatesMember
2019-04-01
2019-06-30
0001704720
cnne:DunAndBradstreetCorporationMember
2018-01-01
2018-06-30
0001704720
cnne:OtherInvestmentsInUnconsolidatedAffiliatesMember
2018-01-01
2018-06-30
0001704720
cnne:CeridianMember
2019-04-01
2019-06-30
0001704720
cnne:CeridianMember
2018-04-01
2018-06-30
0001704720
cnne:OtherInvestmentsInUnconsolidatedAffiliatesMember
2018-04-01
2018-06-30
0001704720
us-gaap:CarryingReportedAmountFairValueDisclosureMember
us-gaap:CorporateDebtSecuritiesMember
2019-06-30
0001704720
us-gaap:CarryingReportedAmountFairValueDisclosureMember
2019-06-30
0001704720
us-gaap:CarryingReportedAmountFairValueDisclosureMember
us-gaap:CorporateDebtSecuritiesMember
2018-12-31
0001704720
us-gaap:CarryingReportedAmountFairValueDisclosureMember
2018-12-31
0001704720
cnne:CannaeHoldingsInc.Member
cnne:DunAndBradstreetCorporationMember
cnne:EquityCommitmentLetterCommitmentToPurchaseCommonEquityOfStarAndDunAndBradstreetMember
2019-02-08
0001704720
srt:MinimumMember
2019-01-01
2019-06-30
0001704720
cnne:DunAndBradstreetCorporationMember
2019-02-08
2019-02-08
0001704720
cnne:DunAndBradstreetCorporationMember
2019-04-30
0001704720
srt:MaximumMember
2019-01-01
2019-06-30
0001704720
cnne:DunAndBradstreetCorporationMember
2019-04-01
2019-04-30
0001704720
cnne:CannaeHoldingsInc.Member
cnne:DunAndBradstreetCorporationMember
cnne:EquityCommitmentLetterCommitmentToPurchaseCommonEquityOfStarAndDunAndBradstreetMember
2019-02-08
2019-02-08
0001704720
cnne:A99TermLoanMember
us-gaap:NotesPayableToBanksMember
2019-06-30
0001704720
cnne:A99TermLoanMember
us-gaap:NotesPayableToBanksMember
2018-12-31
0001704720
us-gaap:RevolvingCreditFacilityMember
cnne:A99RestaurantsCreditFacilityMember
2019-06-30
0001704720
us-gaap:RevolvingCreditFacilityMember
cnne:MarginLoanAgreementMember
2018-12-31
0001704720
cnne:DevelopmentLineOfCreditLoanMember
2019-06-30
0001704720
cnne:OtherNotesPayableMember
us-gaap:NotesPayableOtherPayablesMember
2018-12-31
0001704720
cnne:DevelopmentLineOfCreditLoanMember
2018-12-31
0001704720
cnne:OtherNotesPayableMember
us-gaap:NotesPayableOtherPayablesMember
2019-06-30
0001704720
cnne:BrasadaCreditAgreementMember
us-gaap:NotesPayableToBanksMember
2019-06-30
0001704720
cnne:BrasadaCreditAgreementMember
us-gaap:NotesPayableToBanksMember
2018-12-31
0001704720
us-gaap:RevolvingCreditFacilityMember
cnne:MarginLoanAgreementMember
2019-06-30
0001704720
us-gaap:RevolvingCreditFacilityMember
cnne:A99RestaurantsCreditFacilityMember
2018-12-31
0001704720
us-gaap:RevolvingCreditFacilityMember
cnne:CorporateRevolverNoteMember
2017-11-17
0001704720
cnne:FNFNVBrasadaLLCMember
us-gaap:LineOfCreditMember
cnne:BrasadaCreditAgreementMember
2016-01-29
0001704720
us-gaap:RevolvingCreditFacilityMember
cnne:CorporateRevolverNoteMember
2019-06-30
0001704720
us-gaap:RevolvingCreditFacilityMember
cnne:MarginLoanAgreementMember
2018-11-07
2018-11-07
0001704720
cnne:FNFNVBrasadaLLCMember
cnne:BrasadaCreditAgreementMember
cnne:NotesPayableToBanksAcquisitionLoanMember
2016-01-29
0001704720
us-gaap:RevolvingCreditFacilityMember
cnne:MarginLoanAgreementMember
2018-11-07
0001704720
cnne:FNFNVBrasadaLLCMember
us-gaap:LineOfCreditMember
cnne:BrasadaCreditAgreementMember
2019-06-30
0001704720
us-gaap:RevolvingCreditFacilityMember
cnne:CorporateRevolverNoteMember
2019-02-07
2019-02-07
0001704720
cnne:NinetyNineRestaurantsMember
us-gaap:LineOfCreditMember
cnne:DevelopmentLineOfCreditLoanMember
2018-12-21
0001704720
cnne:NinetyNineRestaurantsMember
us-gaap:RevolvingCreditFacilityMember
cnne:A99RestaurantsCreditFacilityMember
2018-12-21
0001704720
cnne:NinetyNineRestaurantsMember
us-gaap:RevolvingCreditFacilityMember
cnne:A99RestaurantsCreditFacilityMember
2019-06-30
0001704720
us-gaap:RevolvingCreditFacilityMember
cnne:MarginLoanAgreementMember
2019-02-07
0001704720
cnne:FNFNVBrasadaLLCMember
cnne:BrasadaCreditAgreementMember
cnne:NotesPayableToBanksAcquisitionLoanANoteMember
2016-01-29
0001704720
cnne:NinetyNineRestaurantsMember
us-gaap:RevolvingCreditFacilityMember
cnne:A99RestaurantsCreditFacilityMember
us-gaap:LondonInterbankOfferedRateLIBORMember
2018-12-21
2018-12-21
0001704720
cnne:FNFNVBrasadaLLCMember
cnne:BrasadaCreditAgreementMember
us-gaap:NotesPayableToBanksMember
2019-06-30
0001704720
cnne:NinetyNineRestaurantsMember
cnne:A99TermLoanMember
2018-12-21
0001704720
cnne:FNFNVBrasadaLLCMember
cnne:BrasadaCreditAgreementMember
2016-01-29
0001704720
cnne:NinetyNineRestaurantsMember
us-gaap:RevolvingCreditFacilityMember
cnne:A99RestaurantsCreditFacilityMember
us-gaap:BaseRateMember
2018-12-21
2018-12-21
0001704720
2019-06-12
2019-06-12
0001704720
cnne:FNFNVBrasadaLLCMember
cnne:BrasadaCreditAgreementMember
cnne:NotesPayableToBanksDevelopmentLoanMember
2016-01-29
0001704720
cnne:FNFNVBrasadaLLCMember
us-gaap:LineOfCreditMember
cnne:BrasadaCreditAgreementMember
2018-06-13
0001704720
cnne:FNFNVBrasadaLLCMember
cnne:BrasadaCreditAgreementMember
cnne:NotesPayableToBanksAcquisitionLoanBNoteMember
2016-01-29
0001704720
us-gaap:RevolvingCreditFacilityMember
cnne:CorporateRevolverNoteMember
2019-07-05
2019-07-05
0001704720
us-gaap:RevolvingCreditFacilityMember
cnne:CorporateRevolverNoteMember
2017-11-17
2017-11-17
0001704720
us-gaap:RevolvingCreditFacilityMember
cnne:CorporateRevolverNoteMember
us-gaap:LondonInterbankOfferedRateLIBORMember
2017-11-17
2017-11-17
0001704720
cnne:FNFNVBrasadaLLCMember
cnne:BrasadaCreditAgreementMember
cnne:NotesPayableToBanksAcquisitionLoanBNoteMember
us-gaap:LondonInterbankOfferedRateLIBORMember
2016-01-29
2016-01-29
0001704720
cnne:TSystemHoldingsLLCTSystemMember
cnne:SoftwareSolutionsMember
cnne:TSystemClinicalDocumentationMember
2019-01-01
2019-06-30
0001704720
cnne:TSystemHoldingsLLCTSystemMember
cnne:TSystemCodingSoftwareOutsourcedSolutionsMember
2019-01-01
2019-06-30
0001704720
cnne:AmericanBlueRibbonHoldingsLLCMember
2019-06-30
0001704720
cnne:TSystemHoldingsLLCTSystemMember
2019-01-01
2019-06-30
0001704720
2018-01-01
2018-12-31
0001704720
cnne:TSystemHoldingsLLCTSystemMember
cnne:TSheetMember
cnne:TSystemClinicalDocumentationMember
2019-01-01
2019-06-30
0001704720
cnne:TSystemHoldingsLLCTSystemMember
2017-10-16
0001704720
cnne:NinetyNineRestaurantsMember
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantGroupMember
2018-01-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:CeridianMember
2018-01-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:CeridianMember
2018-06-30
0001704720
us-gaap:IntersegmentEliminationMember
2018-01-01
2018-06-30
0001704720
us-gaap:IntersegmentEliminationMember
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
us-gaap:CorporateAndOtherMember
2018-01-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
us-gaap:CorporateAndOtherMember
2018-01-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TSystemMember
2018-01-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
cnne:TSystemMember
2018-01-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
us-gaap:CorporateAndOtherMember
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
cnne:TSystemMember
2018-01-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantGroupMember
2018-06-30
0001704720
us-gaap:IntersegmentEliminationMember
cnne:RestaurantSalesMember
2018-01-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TSystemMember
2018-06-30
0001704720
us-gaap:IntersegmentEliminationMember
cnne:TotalOtherOperatingRevenueMember
2018-01-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
cnne:RestaurantGroupMember
2018-01-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
us-gaap:CorporateAndOtherMember
2018-01-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
cnne:CeridianMember
2018-01-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
cnne:CeridianMember
2018-01-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
cnne:RestaurantGroupMember
2018-01-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TSystemMember
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
us-gaap:CorporateAndOtherMember
2019-01-01
2019-06-30
0001704720
us-gaap:IntersegmentEliminationMember
cnne:TotalOtherOperatingRevenueMember
2019-01-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
us-gaap:CorporateAndOtherMember
2019-06-30
0001704720
us-gaap:IntersegmentEliminationMember
2019-01-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:DunAndBradstreetCorporationMember
2019-01-01
2019-06-30
0001704720
us-gaap:IntersegmentEliminationMember
cnne:RestaurantSalesMember
2019-01-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:CeridianMember
2019-01-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TSystemMember
2019-01-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantGroupMember
2019-01-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
us-gaap:CorporateAndOtherMember
2019-01-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
us-gaap:CorporateAndOtherMember
2019-01-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
cnne:RestaurantGroupMember
2019-01-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantGroupMember
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
cnne:DunAndBradstreetCorporationMember
2019-01-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
cnne:RestaurantGroupMember
2019-01-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:DunAndBradstreetCorporationMember
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:CeridianMember
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
cnne:DunAndBradstreetCorporationMember
2019-01-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
cnne:TSystemMember
2019-01-01
2019-06-30
0001704720
us-gaap:IntersegmentEliminationMember
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
cnne:TSystemMember
2019-01-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
cnne:CeridianMember
2019-01-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
cnne:CeridianMember
2019-01-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
cnne:TSystemMember
2019-04-01
2019-06-30
0001704720
us-gaap:IntersegmentEliminationMember
2019-04-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:DunAndBradstreetCorporationMember
2019-04-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantGroupMember
2019-04-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:CeridianMember
2019-04-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
cnne:TSystemMember
2019-04-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
cnne:DunAndBradstreetCorporationMember
2019-04-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
us-gaap:CorporateAndOtherMember
2019-04-01
2019-06-30
0001704720
us-gaap:IntersegmentEliminationMember
cnne:TotalOtherOperatingRevenueMember
2019-04-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
us-gaap:CorporateAndOtherMember
2019-04-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TSystemMember
2019-04-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
cnne:CeridianMember
2019-04-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
cnne:CeridianMember
2019-04-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
us-gaap:CorporateAndOtherMember
2019-04-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
cnne:DunAndBradstreetCorporationMember
2019-04-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
cnne:RestaurantGroupMember
2019-04-01
2019-06-30
0001704720
us-gaap:IntersegmentEliminationMember
cnne:RestaurantSalesMember
2019-04-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
cnne:RestaurantGroupMember
2019-04-01
2019-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TSystemMember
2018-04-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantGroupMember
2018-04-01
2018-06-30
0001704720
us-gaap:IntersegmentEliminationMember
cnne:RestaurantSalesMember
2018-04-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
cnne:TSystemMember
2018-04-01
2018-06-30
0001704720
us-gaap:IntersegmentEliminationMember
2018-04-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
us-gaap:CorporateAndOtherMember
2018-04-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:CeridianMember
2018-04-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
cnne:TSystemMember
2018-04-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
cnne:CeridianMember
2018-04-01
2018-06-30
0001704720
us-gaap:IntersegmentEliminationMember
cnne:TotalOtherOperatingRevenueMember
2018-04-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
cnne:CeridianMember
2018-04-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
cnne:RestaurantGroupMember
2018-04-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
cnne:RestaurantGroupMember
2018-04-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:RestaurantSalesMember
us-gaap:CorporateAndOtherMember
2018-04-01
2018-06-30
0001704720
us-gaap:OperatingSegmentsMember
cnne:TotalOtherOperatingRevenueMember
us-gaap:CorporateAndOtherMember
2018-04-01
2018-06-30
0001704720
cnne:RestaurantSalesMember
cnne:RestaurantGroupMember
2019-04-01
2019-06-30
0001704720
cnne:TotalOtherOperatingRevenueMember
2018-01-01
2018-06-30
0001704720
cnne:FranchiseAndOtherMember
cnne:RestaurantGroupMember
2019-04-01
2019-06-30
0001704720
cnne:RealEstateAndResortMember
us-gaap:CorporateAndOtherMember
2018-04-01
2018-06-30
0001704720
cnne:FranchiseAndOtherMember
cnne:RestaurantGroupMember
2018-01-01
2018-06-30
0001704720
cnne:TSystemOverTimeMember
cnne:TSystemMember
2018-01-01
2018-06-30
0001704720
cnne:TSystemOverTimeMember
cnne:TSystemMember
2019-01-01
2019-06-30
0001704720
cnne:TotalOtherOperatingRevenueMember
2019-04-01
2019-06-30
0001704720
cnne:RestaurantGroupMember
2019-01-01
2019-06-30
0001704720
cnne:BakerySalesMember
cnne:RestaurantGroupMember
2019-04-01
2019-06-30
0001704720
cnne:RestaurantGroupMember
2018-01-01
2018-06-30
0001704720
cnne:TSystemPointInTimeMember
cnne:TSystemMember
2019-01-01
2019-06-30
0001704720
cnne:RestaurantSalesMember
cnne:RestaurantGroupMember
2019-01-01
2019-06-30
0001704720
cnne:TSystemPointInTimeMember
cnne:TSystemMember
2019-04-01
2019-06-30
0001704720
cnne:TotalOtherOperatingRevenueMember
2018-04-01
2018-06-30
0001704720
cnne:OtherProductsAndServicesMember
us-gaap:CorporateAndOtherMember
2019-01-01
2019-06-30
0001704720
cnne:BakerySalesMember
cnne:RestaurantGroupMember
2018-04-01
2018-06-30
0001704720
cnne:OtherProductsAndServicesMember
us-gaap:CorporateAndOtherMember
2019-04-01
2019-06-30
0001704720
cnne:TSystemOverTimeMember
cnne:TSystemMember
2018-04-01
2018-06-30
0001704720
cnne:OtherProductsAndServicesMember
us-gaap:CorporateAndOtherMember
2018-04-01
2018-06-30
0001704720
cnne:FranchiseAndOtherMember
cnne:RestaurantGroupMember
2019-01-01
2019-06-30
0001704720
cnne:BakerySalesMember
cnne:RestaurantGroupMember
2018-01-01
2018-06-30
0001704720
cnne:TSystemOverTimeMember
cnne:TSystemMember
2019-04-01
2019-06-30
0001704720
cnne:RestaurantGroupMember
2018-04-01
2018-06-30
0001704720
cnne:RealEstateAndResortMember
us-gaap:CorporateAndOtherMember
2018-01-01
2018-06-30
0001704720
cnne:FranchiseAndOtherMember
cnne:RestaurantGroupMember
2018-04-01
2018-06-30
0001704720
cnne:TSystemPointInTimeMember
cnne:TSystemMember
2018-04-01
2018-06-30
0001704720
cnne:OtherProductsAndServicesMember
us-gaap:CorporateAndOtherMember
2018-01-01
2018-06-30
0001704720
cnne:TSystemPointInTimeMember
cnne:TSystemMember
2018-01-01
2018-06-30
0001704720
cnne:RestaurantSalesMember
cnne:RestaurantGroupMember
2018-04-01
2018-06-30
0001704720
cnne:RestaurantSalesMember
cnne:RestaurantGroupMember
2018-01-01
2018-06-30
0001704720
cnne:RealEstateAndResortMember
us-gaap:CorporateAndOtherMember
2019-01-01
2019-06-30
0001704720
cnne:RestaurantGroupMember
2019-04-01
2019-06-30
0001704720
cnne:TotalOtherOperatingRevenueMember
2019-01-01
2019-06-30
0001704720
cnne:BakerySalesMember
cnne:RestaurantGroupMember
2019-01-01
2019-06-30
0001704720
cnne:RealEstateAndResortMember
us-gaap:CorporateAndOtherMember
2019-04-01
2019-06-30
0001704720
us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember
2019-06-30
0001704720
us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember
2018-12-31
cnne:renew
xbrli:pure
cnne:stores
xbrli:shares
iso4217:USD
xbrli:shares
iso4217:USD
cnne:segment
cnne:customer
cnne:record
cnne:sites
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): November 27, 2019
CANNAE HOLDINGS, INC.
(Exact name of Registrant as Specified in its Charter)
|
| | |
Delaware | 1-38300 | 82-1273460 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
1701 Village Center Circle
Las Vegas, Nevada 89134
(Addresses of principal executive offices)
(702) 323-7330
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
| | |
☐ | | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
|
| | | | |
Title of each class | | Trading Symbol | | Name of each exchange on which registered |
Cannae Common Stock, $0.0001 par value | | CNNE | | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Cannae Holdings, Inc. (“the Company”) is filing this Current Report on Form 8-K (this "Current Report") to present retrospectively recast condensed consolidated financial statements for the quarter ended June 30, 2019 to reflect the retrospective application of our previously disclosed change in accounting principle related to the Company's reporting of its investment in The Dun and Bradstreet Corporation ("Dun & Bradstreet") on a current basis rather than our previous reporting on a three-month lag.
We historically accounted for our investment and proportionate share of losses in Dun & Bradstreet utilizing a three-month reporting lag due to timeliness considerations. In the third quarter of 2019, the Company was able to obtain financial information for Dun & Bradstreet on a more timely basis and determined it was preferable to record our investment in Dun & Bradstreet on a current basis as opposed to the previous three-month lag. In accordance with applicable accounting literature, a change to eliminate a previously existing reporting lag is considered a change in accounting principle. Changes in accounting principle are to be reported through retrospective application of the new principle to all prior financial statement periods presented. Accordingly, the Company's condensed consolidated financial statements for the interim periods of fiscal year 2019 were adjusted in our Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2019 filed with the Securities and Exchange Commission (the "SEC") on November 12, 2019 to reflect the period-specific effects of eliminating the three-month reporting lag.
The financial information being recast in this Current Report was originally filed in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 (the "Original Second Quarter 10-Q") which was filed with the SEC on August 8, 2019. The updated financial statements are not a restatement of previously issued financial statements. The recast of the information contained in Item 1 of Part I and Item 2 of Part I (to make necessary conforming changes in “Management’s Discussion and Analysis of Financial Condition and Results of Operations”) of the Original Second Quarter 10-Q are presented in Exhibit 99.1 to this Current Report. See the Explanatory Note and Note A to such financial statements for further discussion regarding the changes from our previously filed condensed consolidated financial statements included in the Original Second Quarter 10-Q and the change in accounting principle, respectively.
The information included in this Current Report is provided for informational purposes only in connection with the change in accounting principle related to the Company's reporting of its investment in The Dun and Bradstreet Corporation on a current basis and does not amend or restate the Company’s condensed consolidated financial statements included in the Company’s Original Second Quarter 10-Q. For developments subsequent to the filing of the Original Second Quarter 10-Q, refer to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2019 which was filed with the SEC on November 12, 2019, and Current Reports on Form 8-K filed subsequent to the filing of the Original Second Quarter 10-Q.
|
| | |
Item 9.01. | | Financial Statements and Exhibits |
(d) Exhibits
|
| | | | |
Exhibit | Description |
| 99.1 |
| | |
| | | |
| 101.INS |
| | Inline XBRL Instance Document* |
| | | |
| 101.SCH |
| | Inline XBRL Taxonomy Extension Schema Document |
| | | |
| 101.CAL |
| | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| | | |
| 101.DEF |
| | Extension Definition Linkbase Document |
| | | |
| 101.PRE |
| | Inline XBRL Taxonomy Extension Presentation Linkbase Document |
| | | |
| 101.LAB |
| | Extension Label Linkbase Document |
| | | |
| 104 |
| | Cover Page Interactive Data File formatted as Inline XBRL and contained in Exhibit 101. |
* - The instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
| | | | | |
| | | | | |
| | Cannae Holdings, Inc. | |
Date: | November 27, 2019 | By: | /s/ Richard L. Cox | |
| | | Name: | Richard L. Cox | |
| | | Title: | Executive Vice President and Chief Financial Officer | |