Business Segment Information and Geographic Data

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Business Segment Information and Geographic Data

Note 14 — 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, 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.

	Years Ended December 31,
	2020			2019
	(In millions)
Operating income (loss) from continuing operations
Asset management business	$	(5.2	)	$	0.1
Sports technology platform		(44.0	)		(0.2	)
Total segment operating loss		(49.2	)		(0.1	)
Corporate and unallocated		(1.5	)		(3.2	)
Restructuring and other		—			(0.1	)
Total operating loss		(50.7	)		(3.4	)
Interest expense		(2.6	)		(0.3	)
Realized losses on investments		(1.9	)		—
Defined benefit plan adjustment		(8.5	)		—
Other income (expense), net		0.1			15.1
Income (loss) from continuing operations before income taxes	$	(63.6	)	$	11.4

	December 31,		December 31,
	2020		2019
	(In millions)
Assets
Asset management business	$	15.8	$	16.8
Sports technology platform		8.4		50.8
Total segment assets		24.2		67.6
Corporate and unallocated		1.2		8.8
Total consolidated assets	$	25.4	$	76.4