Segment Information

9 Months Ended

Sep. 30, 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 September 30, 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 that 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						Nine Months Ended
	September 30,						September 30,
(In millions)	2020			2019			2020			2019
Net revenue
Asset management business	$	0.1		$	—		$	0.1		$	0.1
Sports technology platform		0.3			—			0.6			—
Total net revenue		0.4			—			0.7			0.1
Operating income (loss) from continuing operations
Asset management business		(1.6	)		—			(3.9	)		0.1
Sports technology platform		(0.3	)		—			(1.0	)		—
Total segment operating income (loss)		(1.9	)		—			(4.9	)		0.1
Corporate and unallocated		(0.7	)		(0.5	)		(1.5	)		(2.5	)
Restructuring and other		—			—			—			(0.1	)
Total operating loss		(2.6	)		(0.5	)		(6.4	)		(2.5	)
Interest expense		(0.7	)		—			(1.8	)		—
Realized losses on investments		(0.1	)		—			(1.8	)		—
Defined benefit plan adjustment		—			—			(8.5	)		—
Other expense, net		(0.1	)		—			—			—
Loss from continuing operations before income taxes	$	(3.5	)	$	(0.5	)	$	(18.5	)	$	(2.5	)

	September 30,		December 31,
(In millions)	2020		2019
Assets
Asset management business	$	16.4	$	16.8
Sports technology platform		50.8		50.8
Total segment assets		67.2		67.6
Corporate and unallocated		2.5		8.8
Total consolidated assets	$	69.7	$	76.4