XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.20.2

Stock-based Compensation Plans | 6 Months Ended
--- | ---
Jun. 30, 2020
Stock-Based Compensation Plans [Abstract] |
Stock-based Compensation Plans | STOCK-BASED COMPENSATION PLANS We have stock-based employee compensation plans with awards outstanding under the Churchill Downs Incorporated 2016 Omnibus Stock Incentive Plan (the "2016 Plan") and the Executive Long-Term Incentive Compensation Plan, which was adopted pursuant to the 2016 Plan. Our total stock-based compensation expense, which includes expenses related to restricted stock awards ("RSAs"), restricted stock unit awards ("RSUs"), performance share unit awards ("PSUs"), and stock options associated with our employee stock purchase plan was $6.1 million for the three months ended June 30, 2020 and $7.4 million for the three months ended June 30, 2019. Stock-based compensation expense was $10.4 million for the six months ended June 30, 2020 and $12.1 million for the six months ended June 30, 2019. During the six months ended June 30, 2020, the Company awarded RSUs to employees, RSUs and PSUs to certain named executive officers ("NEOs"), and RSUs to directors. The vesting criteria for the PSU awards granted in 2020 were based on a three-year service period with two performance conditions and a market condition related to relative total shareholder return ("TSR") consistent with prior year grants. The total compensation cost we will recognize under the PSUs will be determined using the Monte Carlo valuation methodology, which factors in the value of the TSR market condition when determining the grant date fair value of the PSU. Compensation cost for each PSU is recognized during the performance and service period based on the probable achievement of the two performance criteria. The PSUs are converted into shares of our common stock at the time the PSU award value is finalized. On February 12, 2020, the Compensation Committee of the Board of Directors offered, and the NEOs accepted, to settle the 2017 PSU Awards in cash. A summary of the RSUs and PSUs granted during 2020 is presented below (units in thousands):
Grant Year |  | Award Type |  | Number of Units Awarded |  | Vesting Terms
2020 |  | RSU |  | 44 |  | Vest equally over three service periods ending in 2021, 2022, and 2023
2020 |  | RSU |  | 37 |  | Vest equally over three service periods ending in 2020, 2021, and 2022
2020 |  | PSU |  | 37 |  | Three year performance and service period ending in 2022
2020 |  | RSU |  | 12 |  | One year service period ending in 2021

X
- Definition Stock-Based Compensation Plans [Abstract] + References No definition available. + Details
Name: | chdn_StockBasedCompensationPlansAbstract
Namespace Prefix: | chdn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration