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Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net revenue:        
Total net revenue $ 185.1 $ 477.4 $ 438.0 $ 742.8
Operating expense:        
Selling, general and administrative expense 22.4 30.1 46.5 55.0
Impairment of intangible assets 0.0 0.0 17.5 0.0
Transaction expense, net 0.2 0.6 0.5 4.1
Total operating expense 185.5 321.0 450.0 558.4
Operating (loss) income (0.4) 156.4 (12.0) 184.4
Other income (expense):        
Interest expense, net (20.3) (19.4) (39.6) (33.1)
Equity in (loss) income of unconsolidated affiliates (11.1) 9.5 (14.4) 13.6
Miscellaneous, net 0.3 0.4 0.3 0.4
Total other expense (31.1) (9.5) (53.7) (19.1)
(Loss) income from continuing operations before provision for income taxes (31.5) 146.9 (65.7) 165.3
Income tax benefit (provision) 7.9 (38.6) 19.5 (45.1)
(Loss) income from continuing operations, net of tax (23.6) 108.3 (46.2) 120.2
Loss from discontinued operations, net of tax (95.2) (1.2) (96.1) (1.5)
Net (loss) income (118.8) 107.1 (142.3) 118.7
Net loss attributable to noncontrolling interest 0.0 0.0 (0.1) 0.0
Net (loss) income and comprehensive (loss) income attributable to CDI $ (118.8) $ 107.1 $ (142.2) $ 118.7
Net (loss) income per common share data, basic:        
Continuing operations (in dollars per share) $ (0.59) $ 2.69 $ (1.16) $ 2.99
Discontinued operations (in dollars per share) (2.41) (0.03) (2.43) (0.04)
Net (loss) income per common share data - basic (in dollars per share) (3.00) 2.66 (3.59) 2.95
Net (loss) income per common share data, diluted:        
Continuing operations (in dollars per share) (0.59) 2.66 (1.16) 2.96
Discontinued operations (in dollars per share) (2.41) (0.03) (2.43) (0.04)
Net (loss) income per common share data - diluted (in dollars per share) $ (3.00) $ 2.63 $ (3.59) $ 2.92
Weighted average shares outstanding:        
Basic (in shares) 39.5 40.1 39.6 40.3
Diluted (in shares) 39.5 40.7 39.6 40.7
Churchill Downs        
Net revenue:        
Churchill Downs     $ 46.8 $ 203.2
Total net revenue $ 23.3 $ 182.2    
Operating expense:        
Operating expense 31.1 73.6 57.7 97.0
Online Wagering        
Net revenue:        
Online Wagering     188.5 158.7
Total net revenue 121.2 95.6    
Operating expense:        
Operating expense 74.6 62.0 124.7 107.1
Gaming        
Net revenue:        
Gaming     184.9 346.4
Total net revenue 37.3 177.6    
Operating expense:        
Operating expense 45.6 133.2 170.4 258.2
All Other        
Net revenue:        
All Other     17.8 34.5
Total net revenue 3.3 22.0    
Operating expense:        
Operating expense $ 11.6 $ 21.5 $ 32.7 $ 37.0