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Long-term Incentive Plan (Notes) | 3 Months Ended
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Mar. 31, 2013
LTIP [Abstract] |
Long-term Incentive Plan | NOTE 7- LONG-TERM INCENTIVE PLAN During February 2013, the Board of Directors approved the terms and conditions of performance share awards issued pursuant to the Churchill Downs Incorporated 2007 Omnibus stock incentive plan (the "New Company LTIP"). As a way to continue to encourage innovation, an entrepreneurial approach, and a careful risk assessment, in addition to the retention of key executives, the New Company LTIP offers long-term incentive compensation to the Company's named executive officers ("Grantees") as reported in the Company's schedule 14A Proxy Statement filing, with the exception of our Chairman of the Board and Chief Executive Officer. On March 21, 2013, the Grantees received 282,000 restricted shares of the Company's common stock with vesting contingent upon the Company's common stock reaching certain closing prices on NASDAQ for twenty consecutive trading days and 75,000 restricted shares of the Company's common stock vesting over four years. During the three months ended March 31, 2013, the Company recorded $0.4 million of compensation expense related to the New Company LTIP.

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