Segment Information

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Segment Information

Note 12 — Segment Information

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 4 - Discontinued Operations for further information about these divestitures.

As of March 31, 2020, the asset management business and sports technology 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.

Net revenue, operating loss from continuing operations and assets by segment were as follows:

		Three Months Ended
		March 31,
(In millions)		2020			2019
Net revenue
Asset management business	$	—		$	—
Sports technology platform		—			—
Total net revenue	$	—		$	—
Operating loss from continuing operations
Asset management business	$	(1.1	)	$	—
Sport technology platform		(0.5	)		—
Total segment operating loss		(1.6	)		—
Corporate and unallocated		(0.5	)		(0.8	)
Restructuring and other		—			(0.1	)
Total operating loss		(2.1	)		(0.9	)
Interest expense		(0.5	)		—
Realized losses on investments		(2.2	)		—
Other income, net		0.1			—
Loss from continuing operations before income taxes	$	(4.7	)	$	(0.9	)
Assets
Asset management business	$	33.4		$	4.0
Sports technology platform		50.8			—
Total segment assets		84.2			4.0
Corporate and unallocated		2.3			6.4
Total consolidated assets	$	86.5		$	10.4