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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results of Operations (Unaudited) | QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
(in millions, except per common share data) | Year Ended December 31, 2018
| First Quarter(a) |  | Second Quarter |  | Third Quarter(b) |  | Fourth Quarter
Net revenues | $ | 189.3 |  |  | $ | 379.4 |  |  | $ | 221.3 |  |  | $ | 219.0 |
Operating income | 19.7 |  |  | 136.6 |  |  | 20.5 |  |  | 12.0 |
Income from continuing operations, net of tax | 14.1 |  |  | 103.2 |  |  | 58.0 |  |  | 7.3 |
Income (loss) from discontinued operations, net of tax | 167.9 |  |  | (0.1 | ) |  | (1.7 | ) |  | 4.1 |
Net income (loss) per common share - basic (d): |  |  |  |  |  |  |
Continuing operations | $ | 0.33 |  |  | $ | 2.54 |  |  | $ | 1.43 |  |  | $ | 0.18 |
Discontinued operations | $ | 3.88 |  |  | $ | — |  |  | $ | (0.04 | ) |  | $ | 0.10 |
Net income per common share - basic | $ | 4.21 |  |  | $ | 2.54 |  |  | $ | 1.39 |  |  | $ | 0.28 |
Net income (loss) per common share - diluted (d): |  |  |  |  |  |  |
Continuing operations | $ | 0.32 |  |  | $ | 2.52 |  |  | $ | 1.42 |  |  | $ | 0.18 |
Discontinued operations | $ | 3.86 |  |  | $ | — |  |  | $ | (0.04 | ) |  | $ | 0.10 |
Net income per common share - diluted | $ | 4.18 |  |  | $ | 2.52 |  |  | $ | 1.38 |  |  | $ | 0.28 |
(in millions, except per common share data) | Year Ended December 31, 2017
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter(c)
Net revenues | $ | 167.5 |  |  | $ | 339.3 |  |  | $ | 196.9 |  |  | $ | 178.9 |
Operating income (loss) | 8.4 |  |  | 123.3 |  |  | 26.8 |  |  | (12.8 | )
Income from continuing operations, net of tax | 2.2 |  |  | 72.9 |  |  | 12.9 |  |  | 34.4 |
Income from discontinued operations, net of tax | 5.1 |  |  | 5.4 |  |  | 3.8 |  |  | 3.8 |
Net income per common share - basic (d): |  |  |  |  |  |  |
Continuing operations | $ | 0.04 |  |  | $ | 1.50 |  |  | $ | 0.28 |  |  | $ | 0.75 |
Discontinued operations | 0.11 |  |  | 0.11 |  |  | 0.08 |  |  | 0.08 |
Net income per common share - basic | $ | 0.15 |  |  | $ | 1.61 |  |  | $ | 0.36 |  |  | $ | 0.83 |
Net income per common share - diluted (d): |  |  |  |  |  |  |
Continuing operations | $ | 0.04 |  |  | $ | 1.49 |  |  | $ | 0.28 |  |  | $ | 0.74 |
Discontinued operations | 0.10 |  |  | 0.11 |  |  | 0.08 |  |  | 0.08 |
Net income per common share - diluted | $ | 0.14 |  |  | $ | 1.60 |  |  | $ | 0.36 |  |  | $ | 0.82 |
(a) | First quarter of 2018 includes a $219.5 million gain on the Big Fish Games Transaction, which is included as a discontinued operation.
(b) | Third quarter of 2018 includes a $54.9 million gain on the Ocean Downs/Saratoga Transaction.
(c) | Fourth quarter of 2017 includes a $21.7 million impairment of tangible and intangible assets and a $20.7 million loss on extinguishment of debt. Additionally, fourth quarter of 2017 includes a $57.7 million income tax benefit resulting primarily from the re-measurement of our net deferred tax liabilities as a result of the Tax Act.
(d) | Net income per common share calculations for each quarter are based on the weighted average number of shares outstanding during the respective period. Accordingly, the sum of the quarters may not equal the full-year income (loss) per share.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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