Business Segment Information and Geographic Data

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Business Segment Information and Geographic Data

Note 13 — Business Segment Information and Geographic Data

The Legacy Businesses and Nexsan Business are presented in our Consolidated Statements of Operations as discontinued operations and are not included in segment results for all periods presented. See Note 5 - Discontinued Operations for further information about these divestitures.

As of December 31, 2019, the asset management business and sports investment platform are our reportable segments.

We evaluate segment performance based on revenue and operating loss. The operating loss reported in our segments excludes corporate and other unallocated amounts. Although such amounts are excluded from the business segment results, they are included in reported consolidated results. The corporate and unallocated operating loss includes costs which are not allocated to the business segments in management’s evaluation of segment performance such as litigation settlement expense, corporate expense and other expenses.

	Years Ended December 31,
	2019			2018
	(In millions)
Operating income (loss) from continuing operations
Asset management business		0.1			(3.6	)
Sports investment platform		(0.2	)		(3.6	)
Total segment operating loss		(0.1	)		(3.6	)
Corporate and unallocated		(3.2	)		(3.3	)
Intangible impairment		—			(6.2	)
Restructuring and other		(0.1	)		4.8
Total operating loss		(3.4	)		(8.3	)
Interest expense		(0.3	)		(0.1	)
Net income (loss) from AAM fund activities		—			(0.9	)
Other income (expense), net		15.1			(0.5	)
Income (loss) from continuing operations before income taxes	$	11.4		$	(8.8	)

Restructuring and other for the year ended December 31, 2019 includes severance cost. Restructuring and other for the year ended December 31, 2018, includes severance costs of $0.2 million and a gain on the German levy settlement of $5.0 million. See Note 8 - Restructuring and Other Expenses for more information.