Emerald Holding (EEX) 10-Q 8 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 01, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Trading Symbol	EEX
Entity Registrant Name	Emerald Holding, Inc.
Entity Central Index Key	0001579214
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Common Stock, Shares Outstanding		71,441,518
Title of 12(b) Security	Common Stock, par value $0.01 per share
Security Exchange Name	NYSE
Entity File Number	001-38076
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	42-1775077
Entity Address, Address Line One	31910 Del Obispo Street
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	San Juan Capistrano
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92675
City Area Code	949
Local Phone Number	226-5700
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 50	$ 9.6
Trade and other receivables, net of allowance for doubtful accounts of $0.7 million as of March 31, 2020 and December 31, 2019	61	60.1
Prepaid expenses	6.5	24
Total current assets	117.5	93.7
Noncurrent assets
Property and equipment, net	4.5	4.2
Intangible assets, net	302.5	373.8
Goodwill	416.3	980.3
Right-of-use lease assets	17.4	18.3
Other noncurrent assets	2.9	1.4
Total assets	861.1	1,471.7
Current liabilities
Accounts payable and other current liabilities	34.5	22.2
Cancelled event liabilities	72.1
Deferred revenues	86	187.3
Revolving credit facility, short-term		10
Right-of-use lease liabilities, current portion	4.3	4.1
Term loan, current portion	5.7	5.7
Total current liabilities	202.6	229.3
Noncurrent liabilities
Revolving credit facility, long-term	50
Term loan, net of discount and deferred financing fees	518.6	519.7
Deferred tax liabilities, net	2.1	60
Right-of-use lease liabilities, noncurrent portion	14.7	15.7
Other noncurrent liabilities	6.3	6.8
Total liabilities	794.3	831.5
Commitments and contingencies (Note 12)
Shareholders’ equity
Preferred stock, $0.01 par value; authorized shares: 80,000 at March 31, 2020 and December 31, 2019: no shares issued and outstanding at March 31, 2020 and December 31, 2019
Common stock, $0.01 par value; authorized shares: 800,000 at March 31, 2020 and December 31, 2019; issued and outstanding shares: 71,441 and 71,851 at March 31, 2020 and December 31, 2019, respectively	0.7	0.7
Additional paid-in capital	697.9	701.1
Accumulated deficit	(631.8)	(61.6)
Total shareholders’ equity	66.8	640.2
Total liabilities and shareholders’ equity	$ 861.1	$ 1,471.7

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Statement Of Partners Capital [Abstract]
Allowance for doubtful accounts - trade and other receivables, current	$ 0.7	$ 0.7
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	80,000,000	80,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	800,000,000	800,000,000
Common stock, shares issued	71,441,000	71,851,000
Common stock, shares outstanding	71,441,000	71,851,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Revenues	$ 99.7	$ 137.4
Cost of revenues	43.6	45.9
Selling, general and administrative expense	38.1	35.1
Depreciation and amortization expense	12.8	13.2
Goodwill impairment charges	564
Intangible asset impairment charges	59.4
Operating (loss) income	(618.2)	43.2
Interest expense	6.7	8
(Loss) income before income taxes	(624.9)	35.2
(Benefit from) provision for income taxes	(54.8)	8.7
Net (loss) income and comprehensive (loss) income	$ (570.1)	$ 26.5
Basic (loss) earnings per share	$ (7.99)	$ 0.37
Diluted (loss) earnings per share	$ (7.99)	$ 0.36
Basic weighted average common shares outstanding	71,381	71,825
Diluted weighted average common shares outstanding	71,381	73,029

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	(Accumulated Deficit) Retained Earnings [Member]
Balance at Dec. 31, 2018	$ 708.3	$ 0.7	$ 689.7	$ 17.9
Balance, shares at Dec. 31, 2018		71,591,000
Stock-based compensation	1.6		1.6
Stock-based compensation, shares		34,000
Dividends on common stock	(5.2)			(5.2)
Issuance of common stock under equity plans	1.8		1.8
Issuance of common stock under equity plans, shares		231,000
Repurchase of common stock	(0.1)			(0.1)
Repurchase of common stock, shares		(5,000)
Net income (loss) and comprehensive (loss) income	26.5			26.5
Balances at Mar. 31, 2019	732.9	$ 0.7	693.1	39.1
Balance, shares at Mar. 31, 2019		71,851,000
Balance at Dec. 31, 2019	640.2	$ 0.7	701.1	(61.6)
Balance, shares at Dec. 31, 2019		71,352,000
Stock-based compensation	2.1		2.1
Stock-based compensation, shares		77,000
Dividends on common stock	(5.4)		(5.4)
Issuance of common stock under equity plans	0.1		0.1
Issuance of common stock under equity plans, shares		27,000
Repurchase of common stock	(0.1)			(0.1)
Repurchase of common stock, shares		(15,000)
Net income (loss) and comprehensive (loss) income	(570.1)			(570.1)
Balances at Mar. 31, 2020	$ 66.8	$ 0.7	$ 697.9	$ (631.8)
Balance, shares at Mar. 31, 2020		71,441,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities
Net (loss) income	$ (570.1)	$ 26.5
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	1.6	1.6
Provision for doubtful accounts	0.1	0.1
Depreciation and amortization	12.8	13.2
Goodwill impairment charges	564
Intangible asset impairment charges	59.4
Non-cash operating lease expense	0.8	0.8
Amortization of deferred financing fees and debt discount	0.4	0.3
Deferred income taxes	(57.9)	(4.7)
Changes in operating assets and liabilities, net of effect of businesses acquired:
Trade and other receivables	(0.9)	(31.5)
Prepaid expenses	17.5	9.3
Other noncurrent assets	(1.5)	(0.1)
Accounts payable and other current liabilities	10.6	2.7
Cancelled event liabilities	72.1
Income tax payable	2	12.2
Deferred revenues	(101.3)	(18.5)
Operating lease liabilities	(0.8)	(0.8)
Other noncurrent liabilities		0.5
Net cash provided by operating activities	8.8	11.6
Investing activities
Purchases of property and equipment	(0.5)	(0.2)
Purchases of intangible assets	(0.6)	(0.1)
Net cash used in investing activities	(1.1)	(0.3)
Financing activities
Payment of deferred consideration for acquisition of businesses	(0.5)	(1)
Proceeds from borrowings on revolving credit facility	45	0
Repayment of revolving credit facility	(5)	(15)
Repayment of principal on term loan	(1.4)	(1.4)
Cash dividends paid	(5.4)	(5.2)
Repurchase of common stock	(0.1)	(0.1)
Proceeds from issuance of common stock under equity plans	0.1	1.8
Net cash provided by (used in) financing activities	32.7	(20.9)
Net increase (decrease) in cash and cash equivalents	40.4	(9.6)
Cash and cash equivalents
Beginning of period	9.6	20.5
End of period	$ 50	$ 10.9

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. The unaudited condensed consolidated financial statements include the operations of Emerald Holding, Inc. (the “Company” or “Emerald”) and its wholly-owned subsidiaries. These unaudited condensed consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the SEC for Interim Reporting. All intercompany transactions, accounts and profits, if any, have been eliminated in the unaudited condensed consolidated financial statements. In the opinion of management, all recurring adjustments considered necessary for a fair statement of results for the interim period have been included. These unaudited condensed consolidated financial statements do not include all disclosures required by GAAP, therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the more detailed audited consolidated financial statements for the year ended December 31, 2019. The December 31, 2019 condensed consolidated balance sheet was derived from the Company’s audited consolidated financial statements for the year ended December 31, 2019. The results for the three months ended March 31, 2020 are not necessarily indicative of results to be expected for a full year, any other interim periods or any future year or period. Liquidity Position and Management’s Plans In March 2020, the World Health Organization categorized the Coronavirus Disease 2019 (“COVID-19”) as a pandemic, and the President of the United States declared the COVID-19 outbreak a national emergency. In conjunction with this declaration and the spread of COVID-19 across the United States, recommendations and mandates were handed down by various local, state and federal government agencies regarding social distancing, containment areas and against large gatherings. In addition, travel restrictions were imposed by the United States and foreign governments, and by companies with respect to their employees, have had, and will continue to have, a material negative impact on its financial results and liquidity, and such negative impact may continue beyond the containment of such outbreak The assumptions used to estimate the Company’s liquidity are subject to greater uncertainty because the Company has never previously cancelled or postponed all upcoming events for a period of multiple months due to a pandemic where the timing for resolution and ultimate impact of the pandemic remains uncertain. Management cannot at present estimate (i) when the Company will be able to resume event operations and, once resumed, (ii) whether event exhibitors and attendees will attend the Company’s events. Therefore, current estimates of revenues and the associated impact on liquidity could differ materially in the future. As a consequence, management cannot estimate the ultimate impact on the Company’s business, financial condition or near or longer term financial or operational results, but a net loss on a U.S. GAAP basis for the year ended December 31, 2020 is expected. During the quarter ended March 31, 2020, the Company implemented several actions to preserve cash and strengthen its liquidity position, including, but not limited to: • Reducing its expense structure across all key areas of discretionary spending; • Significantly reducing the use of outside contractors; • Reducing the Company’s headcount by approximately 18% through a combination of staff reductions, eliminating open positions and furloughs • Drawing down $40.0 million on the Company’s Amended and Restated Revolving Credit Facility (“Revolving Credit Facility”) in March 2020 to bolster cash balances, with an additional $99.0 million available to borrow (after giving effect to $50.0 million in outstanding borrowings and $1.0 million letters of credit outstanding) as of March 31, 2020 • Temporarily suspending the regular quarterly cash dividend; and • Halting any incremental share repurchases. Further, Emerald maintains event cancellation insurance to protect against losses due to the unavoidable cancellation, postponement, relocation and enforced reduced attendance at events due to certain covered events, which include the outbreak of communicable diseases. The aggregate limit under this event cancellation insurance policy is approximately $191 million per year for each of 2020 and 2021 if losses arise for reasons within the scope of this policy. The Company is in the process of pursuing claims under this insurance policy to offset the financial impact of cancelled and postponed events as a result of COVID-19. There is no guarantee or assurance as to the amount or timing of recoveries from Emerald’s event cancellation insurance policy. On March 27, 2020, the U.S. government enacted the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which provides for the ability of employers to delay payment of employer payroll taxes during 2020 after the date of enactment. The Company estimates the payment of more than $2.0 million of employer payroll taxes otherwise due in 2020 will be delayed, with 50% due by December 31, 2021 and the remaining 50% due by December 31, 2022. As of March 31, 2020, the Company had $529.5 million of borrowings outstanding under the Amended and Restated Term Loan Facility and $50.0 million of borrowings outstanding under the Revolving Credit Facility. Based on these actions, assumptions regarding the impact of COVID-19, and expected insurance recoveries, management believes that the Company’s current financial resources will be sufficient to fund its liquidity requirements for the next twelve months. As of March 31, 2020, the Company was in compliance with the covenants contained in the Amended and Restated Senior Secured Credit Facilities. Use of Estimates and Judgments The preparation of financial statements in conformity with GAAP requires management to make estimates and judgments that affect the amounts reported and disclosed in the condensed consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates. On an ongoing basis, the Company evaluates its estimates and judgments compared to historical experience and expected trends. In March 2020, the COVID-19 was declared a pandemic. While the nature of the situation is dynamic, the Company has considered the impact when developing its estimates and assumptions. Actual results and outcomes may differ from management's estimates and assumptions.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	2. Recently Adopted Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard (“ASU”) 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (“ASU 2018-15”). The objective of the standard is to align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software over the term of the hosting arrangement, starting when the module or component of the hosting arrangement is ready for its intended use. The Company adopted ASU 2018-15 on January 1, 2020 and the adoption did not have a material impact on the Company’s condensed consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework, which modifies existing and includes new disclosure requirements on fair value measurements (“ASU 2018-13”). The Company adopted ASU 2018-13 on January 1, 2020 and the adoption did not have an impact on the Company’s condensed consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 modifies how an entity accounts for credit losses for most financial assets and certain other instruments and requires entities to estimate expected credit losses for trade receivables. The Company adopted ASU 2016-13 on January 1, 2020 and the adoption did not have a material impact on the Company’s condensed consolidated financial statements. Recently Issued Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) There have been no other new accounting pronouncements that are expected to have a significant impact on the Company’s condensed consolidated financial statements or notes thereto.

Revenues

Revenues	3 Months Ended
	Mar. 31, 2020
Revenue From Contract With Customer [Abstract]
Revenues	3. Revenues Impact of COVID-19 The COVID-19 pandemic has had, and is likely to continue to have, a severe and unprecedented impact on the world. Measures to prevent its spread, including government-imposed restrictions on large gatherings, indefinite closures of event venues, “shelter in place” health orders and travel restrictions the escalating measures governments and private organizations implemented in order to stem the spread of COVID-19, the Company began cancelling and postponing These actions have had an unprecedented and materially adverse impact on the Company’s revenues and financial position. The length of the travel restrictions and social distancing measures Revenue Recognition and Deferred Revenue Revenue is recognized as the customer receives the benefit of the promised services and performance obligations are satisfied. Revenue is recognized at an amount that reflects the consideration the Company expects to receive in exchange for those services. Customers generally receive the benefit of the Company’s services upon the staging of each trade show or conference event. A significant portion of the Company’s annual revenue is generated from the production of trade shows and conference events (collectively, “trade shows”), including booth space sales, registration fees and sponsorship fees. Trade show revenues represented approximately 93.2% and 95.2% of total revenues for the three months ended March 31, 2020 and 2019, respectively. Deferred revenues generally consist of booth space sales, registration fees and sponsorship fees that are invoiced prior to a trade show. Current deferred revenues and are reported as deferred revenues on the condensed consolidated balance sheets As a result of the measures to prevent the spread of COVID-19, the Company has experienced an unprecedented low level of booth space sales, registration fees and sponsorship fees and the associated cash received for future trade shows. cancelling Performance Obligations For For the Company’s other marketing services, sales are deferred and recognized when performance obligations under the terms of a contract with the Company’s customers are satisfied. This generally occurs in the period in which the publications are issued. Revenue is measured as the amount of consideration the Company expects to receive upon completion of its performance obligations. The Company applies a practical expedient which allows the exclusion of disclosure Disaggregation of Revenue The Company’s primary sources of revenue are from trade shows, other events and other marketing services. The following table represents revenues disaggregated by type: Reportable Segment Commerce Design and Technology All Other Total Three Months Ended March 31, 2020 (in millions) Trade shows $ 47.9 $ 28.5 $ 2.3 $ 78.7 Other events — 4.4 9.8 14.2 Other marketing services 1.6 3.9 1.3 6.8 Total revenues $ 49.5 $ 36.8 $ 13.4 $ 99.7 Three Months Ended March 31, 2019 Trade shows $ 83.4 $ 30.4 $ 3.1 $ 116.9 Other events — 4.5 9.3 13.8 Other marketing services 2.0 4.1 0.6 6.7 Total revenues $ 85.4 $ 39.0 $ 13.0 $ 137.4 Contract Balances Due to the nature of the Company’s revenue from contracts with customers, the Company does not have material contract assets that fall under the scope of ASC Topic 606, Revenue from Contracts with Customers. Contract liabilities generally consist of booth space sales, registration fees and sponsorship fees that are collected prior to the trade show or other event. Contract liabilities less than one year from the date of the performance obligation are reported on the condensed consolidated balance sheets as deferred revenues. The Company incurs sales commission costs in connection with sales of booth space, registration fees and sponsorship fees at the Company’s trade shows and events and with sales of advertising for industry publications. The Company’s contracts with customers are generally short term, as sales generally begin up to one year prior to the date of the trade shows and other events. The Company expects the period benefited by each commission to be less than one year, and as a result, the Company expenses sales commissions as incurred. Sales commissions are reported on the condensed consolidated statements of (loss) income and comprehensive (loss) income as selling, general and administrative expenses. Accounts Receivable The Company performs ongoing credit evaluations of its customers and assesses each customer’s credit worthiness. The Company monitors collections and payments from its customers and maintains an allowance based upon applying an expected credit loss rate to receivables based on the historical loss rate from similar higher risk customers adjusted for current conditions, including any specific customer collection issues identified, and forecasts of economic conditions. Delinquent account balances are written off after management has determined that the likelihood of collection is remote. The activities in this account, including the current-period provision for expected credit losses for the three months ended March 31, 2020, were not material.

Business Acquisitions

Business Acquisitions	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Business Acquisitions	4 . The Company acquired the assets and assumed the liabilities of one company during 2019 (collectively, the “2019 Acquisition”). The transaction qualified as an acquisition of a business and was accounted for as a business combination. 2019 Acquisition G3 Communications (“G3”) On November 1, 2019, the Company acquired certain assets and assumed certain liabilities associated with G3 for a total purchase price of $15.7 million, which included a negative working capital adjustment of approximately $1.4 million and contingent consideration of $4.3 million. The contingent consideration is based upon a multiple of estimated EBITDA and is payable on March 31, 2022. There were no remeasurement adjustments or payments of earnout liabilities during the three months ended March 31, 2020. The acquisition was financed with cash from operations and a draw of $5.0 million on the Company’s revolving credit facility. External acquisition costs of $0.4 million were expensed as incurred and included in selling, general and administrative expenses in the condensed consolidated statements of (loss) income and comprehensive (loss) income as incurred. The Company completed purchase accounting in the fourth quarter of 2019. The following table summarizes the fair value of the assets and liabilities at the date of acquisition: (in millions) November 1, 2019 Prepaid expenses $ 0.3 Goodwill 12.9 Intangible assets 4.0 Deferred revenues (1.5 ) Purchase price, including working capital adjustment $ 15.7

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2020
Property Plant And Equipment [Abstract]
Property and Equipment	5. Property and Equipment Property and equipment, net, consisted of the following: (in millions) March 31 2020 December 31, 2019 Furniture, equipment and other $ 6.2 $ 5.8 Leasehold improvements 3.2 3.0 9.4 8.8 Less: Accumulated depreciation (4.9 ) (4.6 ) Property and equipment, net $ 4.5 $ 4.2 Depreciation expense related to property and equipment for the three months ended March 31, 2020 and 2019 was $0.3 million and $0.2 million, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	6 . Goodwill The table below summarizes the changes in the carrying amount of goodwill: Reportable Segment (in millions) Commerce Design and Technology All Other Total Balance at December 31, 2019 $ 598.4 $ 337.3 $ 44.6 $ 980.3 Impairment charges (340.6 ) (198.5 ) (24.9 ) (564.0 ) Balance at March 31, 2020 $ 257.8 $ 138.8 $ 19.7 $ 416.3 Impairment of Goodwill The Company tests for impairment annually on October 31, and between annual tests if the Company becomes aware of an event or a change in circumstances that would indicate the carrying value may be impaired. During the first quarter of 2020, the impact of COVID-19 on the travel and events industry, Emerald’s cancellation of all live events through the end of the second quarter as well as uncertainty around when the Company would be able to resume its normal operations, caused a significant and prolonged decline in the Company’s stock price, resulting in the market capitalization of the Company falling below its carrying value. As a result, management determined that a triggering event had occurred as it was more likely than not that the carrying values of all the Company’s reporting units exceeded their fair values. Accordingly, the Company performed a quantitative assessment of the Company’s fair value of goodwill as of March 31, 2020 using an income approach with assumptions that are considered level 3 inputs and concluded that the carrying value of several reporting units exceeded their respective fair values, resulting in a goodwill impairment of $564.0 million during the three months ended March 31, 2020. The fair values of the respective reporting units were determined primarily by discounting estimated future cash flows, which were determined based on revenue and expense growth assumptions ranging from negative growth of 20.0% to growth of 5.0%, at a weighted average cost of capital (discount rate) ranging from 12.9% to 14.5%. The Company’s goodwill impairment analysis is performed, and related impairment charges recorded, after the impairment analysis and recognition of impairment charges for long-lived assets other than goodwill and indefinite-lived intangible assets. Refer to the sections under the headings Impairment of Long-Lived Assets Other than Goodwill Impairment of Indefinite-Lived Intangible Assets Goodwill impairments in the Commerce reportable segment and Design and Technology reportable segment were $340.6 million and $198.5 million, respectively, during the three months ended March 31, 2020. The Company also considers the amount of headroom for a reporting unit when considering whether a risk of impairment exists. Headroom is the difference between the fair value of a reporting unit and its carrying value. Based on the results of the interim impairment test performed as of March 31, 2020, the carrying value of the Company’s reporting units exceeded their fair values by $564.0 million. The carrying value of goodwill for all reporting units had no headroom as of March 31, 2020. Accordingly, a relatively small change in the underlying assumptions, including if the financial performance of the reporting unit does not meet expectations in future years or a further decline occurs in the market price of the Company’s common stock, may cause a change in the results of the impairment assessment in future periods and, as such, could result in an impairment of goodwill, for which the carrying amount is $416.3 million as of March 31, 2020. Intangible Assets, Net Intangible assets, net consisted of the following: (in millions) Indefinite- lived trade names Customer relationship intangibles Definite- lived trade names Computer software Capitalized software in progress Total Intangible Assets Gross carrying amount at December 31, 2019 $ 112.7 $ 390.4 $ 105.6 $ 10.6 $ 1.3 $ 620.6 Accumulated amortization — (231.9 ) (6.9 ) (8.0 ) — (246.8 ) Net carrying amount at December 31, 2019 $ 112.7 $ 158.5 $ 98.7 $ 2.6 $ 1.3 $ 373.8 Gross carrying amount at March 31, 2020 $ 66.5 $ 373.2 $ 102.1 $ 11.3 $ 1.2 $ 554.3 Accumulated amortization — (235.2 ) (8.2 ) (8.4 ) — (251.8 ) Net carrying amount at March 31, 2020 $ 66.5 $ 138.0 $ 93.9 $ 2.9 $ 1.2 $ 302.5 Amortization expense for the three months ended March 31, 2020 and 2019 was $12.5 Estimated future amortization expense as of March 31, 2020: (in millions) March 31, 2020 2020 (Remaining 9 months) $ 36.0 2021 46.4 2022 44.2 2023 30.7 2024 10.4 Thereafter 69.9 $ 237.6 Impairment of Long-Lived Assets Other than Goodwill Long-lived assets other than goodwill and indefinite-lived intangible assets, held and used by the Company, including property and equipment and long-lived intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. The Company evaluates recoverability of assets to be held and used by comparing the carrying amount of an asset to the future net undiscounted cash flows expected to be generated by the asset to determine if the carrying value is not recoverable. If the carrying value is not recoverable, the Company fair values the asset and compares to the carrying value. If the asset is considered to be impaired, the impairment loss is measured as the amount by which the carrying amount of the asset exceeds its fair value. The analysis for impairment of long-lived assets other than goodwill and indefinite-lived intangible assets is the first impairment analysis performed and related impairment charges are recognized before the impairment of indefinite-lived intangible assets analysis and impairment of goodwill analysis During the first quarter of 2020, as a result of the COVID-19 pandemic and the measures implemented to prevent its spread, management made the decision to cancel or postpone all of the Company’s face-to-face events scheduled through the end of July 2020. In addition, management believes that the COVID-19 outbreak will [continue to] have a material negative impact on the Company’s financial results once the outbreak is contained. These factors, including management’s revised forecast for the future performance of brands, indicated the carrying value of certain trade names and customer relationships may not be recoverable. The Company evaluated the recoverability of the related intangible assets to be held and used by using level 3 inputs and comparing the carrying amount of an asset to the future net undiscounted cash flows expected to be generated by the asset to determine if the carrying value is not recoverable. The recoverability test/income approach indicated that certain of the customer relationship intangible assets and definite-lived trade names were impaired which resulted in an impairment charge. As a result, the Company recognized an impairment charge of $13.2 million during the three months ended March 31, 2020. The long-lived assets impaired during the three months ended March 31, 2020 had a remaining fair value of $4.2 million as of March 31, 2020. Long-lived asset impairments in the Commerce reportable segment and Design and Technology reportable segment were $6.7 million and $5.7 million, respectively, during the three months ended March 31, 2020. Impairment of Indefinite-Lived Intangible Assets During the first quarter of 2020, as a result of the COVID-19 pandemic, and the measures implemented to prevent its spread, management made the decision to cancel or postpone all of the Company’s face-to-face events scheduled through the end of July 2020. In addition, management believes that the COVID-19 outbreak will have a material negative impact on the Company’s financial results once the outbreak is contained. As such, in the first quarter of 2020, management revised its forecast for the future performance of several trade show brands. Management determined these circumstances to be a triggering event and an indicator it was more likely than not that the carrying amount of certain of its indefinite-lived intangible asset groups exceeded their fair value. The Company performed a quantitative analysis using “a relief from royalty payments” method with assumptions that are considered level 3 inputs and concluded certain of the indefinite-lived trade names had a fair value below the carrying values as of March 31, 2020. As a result, the Company recognized an impairment charge of $46.2 million during the three months ended March 31, 2020. The decline in fair value in certain indefinite-lived intangible assets compared to the carrying value is the result of changes in forecasted revenues and expenses. The impairment charge is recorded in intangible asset impairment charges on the condensed consolidated statements of (loss) income and comprehensive (loss) income. There were no indefinite-lived intangible asset impairment charges recognized during the three months ended March 31, 2019. The fair values of the Company’s indefinite-lived trade names are calculated using a form of the income approach referred to as the “relief from royalty payments” method. The royalty rate is estimated using market evidence of identifiable transactions in the marketplace involving the licensing of trade names similar to those owned by the Company. This fair value of the trade name is then compared to the carrying value of each trade name. If the carrying amount of the trade name exceeds its fair value, an impairment loss would be reported. Determining the fair value of an indefinite-lived intangible asset group requires the application of judgment and involves the use of significant estimates and assumptions. These estimates and assumptions include revenue growth rates, planned use of assets to support revenue growth, weighted average cost of capital, tax rates and royalty rates. The Company bases its fair value estimates on assumptions it believes to be reasonable, but which are unpredictable and inherently uncertain. Actual future results may differ from the estimates. The Company performs its indefinite-lived intangible assets impairment test at the asset group level and has determined it has multiple asset groups that are typically at the trade show brand level. The Company’s impairment of indefinite-lived intangible assets analysis is performed, and related impairment charge, is recorded, after the analysis and recognition of impairment of long-lived assets other than goodwill and indefinite-lived intangible assets and before the impairment of goodwill. Indefinite-lived intangible asset impairment charges in the Commerce reportable segment and Design and Technology reportable segment were $24.1 million and $17.0 million, respectively, during the three months ended March 31, 2020.

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	7 . Long-term debt related to the Amended and Restated Term Loan Facility is comprised of the following indebtedness to various lenders: (in millions) March 31, 2020 December 31, 2019 Amended and Restated Term Loan Facility, with interest at LIBOR plus 2.75% (equal to 4.35% and 4.55% as of March 31, 2020 and December 31, 2019, respectively) and due 2024, net (a) $ 524.3 $ 525.4 Less: Current maturities 5.7 5.7 Long-term debt, net of current maturities, debt discount and deferred financing fees $ 518.6 $ 519.7 (a) The Amended and Restated Term Loan Facility, a seven-year $565.0 million senior secured term loan facility, scheduled to mature on May 22, 2024 (the “Amended and Restated Term Loan Facility”), as of March 31, 2020 was recorded net of unamortized discount of $2.4 million and net of unamortized deferred financing fees of $2.9 Revolving Credit Facility On February 14, 2020, Emerald Events Holding, Inc., the borrower under our Amended and Restated Senior Secured Credit Facilities, was renamed Emerald X, Inc. Emerald X, Inc. had $50.0 million and $10.0 million in borrowings outstanding under its Revolving Credit Facility as of March 31, 2020 and December 31, 2019, respectively. During the three months ended March 31, 2020, Emerald X, Inc. had net borrowings of $40.0 million under the Revolving Credit Facility. Emerald X, Inc. had $1.0 million in stand-by letters of credit outstanding under the Revolving Credit Facility as of March 31, 2020 and December 31, 2019. Interest Expense Interest expense reported in the condensed consolidated statements of (loss) income and comprehensive (loss) income consists of the following: Three months ended March 31, (in millions) 2020 2019 Senior secured term loan $ 5.9 $ 7.1 Non-cash interest for amortization of debt discount and debt issuance costs 0.4 0.3 Revolving credit facility interest and commitment fees 0.4 0.6 Total interest expense $ 6.7 $ 8.0 Covenants The Revolving Credit Facility contains a financial covenant requiring Emerald X, Inc. to comply with a 5.50 to 1.00 Total First Lien Net Leverage Ratio, which is defined as the ratio of Consolidated Total Debt (as defined in the Amended and Restated Senior Secured Credit Facilities) secured on a first lien basis, net of unrestricted cash and cash equivalents to trailing four-quarter Consolidated EBITDA (as defined in the Amended and Restated Senior Secured Credit Facilities). This financial covenant is tested on the last day of each quarter only if the aggregate amount of revolving loans, swingline loans and letters of credit outstanding under the Revolving Credit Facility (net of up to $10.0 million of outstanding letters of credit) exceeds 35% of the total commitments thereunder. As of March 31, 2020, the Company was not required to test this financial covenant and Emerald X, Inc. was in compliance with all covenants under the Amended and Restated Senior Secured Credit Facilities.

Fair Value Measurements and Fin

Fair Value Measurements and Financial Risk	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements and Financial Risk	8 . As of March 31, 2020, the Company’s assets measured at fair value on a recurring basis are categorized in the table below: (in millions) Total Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 50.0 $ 50.0 $ — $ — Total assets at fair value $ 50.0 $ 50.0 $ — $ — Liabilities Market-based share awards liability (a) $ 0.1 $ — $ — $ 0.1 Contingent consideration (a) 4.3 — — 4.3 Total liabilities at fair value $ 4.4 $ — $ — $ 4.4 (a) Included within other noncurrent liabilities in the condensed consolidated balance sheet. As of December 31, 2019, the Company’s assets measured at fair value on a recurring basis are categorized in the table below: (in millions) Total Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 9.6 $ 9.6 $ — $ — Total assets at fair value $ 9.6 $ 9.6 $ — $ — Liabilities Market-based share awards liability (a) $ 0.6 $ — $ — $ 0.6 Contingent consideration (a) 4.3 — — 4.3 Total liabilities at fair value $ 4.9 $ — $ — $ 4.9 (a) Included within other noncurrent liabilities in the condensed consolidated balance sheet. The contingent consideration liability of $4.3 million as of March 31, 2020 and December 31, 2019 is expected to be settled in 2022. The unobservable inputs used in calculating contingent consideration include probability weighted estimates regarding a multiple of the estimated EBITDA for the 2019 Acquisition. The fair value of $4.3 million was determined using a Monte Carlo simulation using a volatility rate of 30% and a discount rate of 10%. The liability is re-measured to fair value each reporting period using the Company’s most recent internal operational budget. The determination of the fair value of the contingent consideration liabilities could change in future periods based upon the Company’s ongoing evaluation of the changes in the probability of achieving the revenue or earnings targets that quantify the estimated EBITDA component. Any such changes in fair value will be recorded in selling, general and administrative expense in the condensed consolidated statements of (loss) income and comprehensive (loss) income. There were no remeasurement adjustments or payments of earn out liabilities during the three months ended March 31, 2020 or the year ended December 31, 2019. The market-based share awards liability of $0.1 million as of March 31, 2020 entitles the grantees of these awards the right to receive shares of common stock equal to a maximum cash value of $23.8 million, in the aggregate, upon achievement of specified targeted share prices measured over sixty days within a ninety-day trading period. The liability is measured at fair value and is re-measured to an updated fair value at each reporting period. The Company recognizes stock-based compensation expense for awards subject to market-based vesting conditions regardless of whether it becomes probable that these conditions will be achieved or not. The stock-based compensation expense is included in selling, general and administrative expenses in the condensed consolidated statements of (loss) income and comprehensive (loss) income. Refer to Footnote 9, Shareholders’ Equity and Stock-Based Compensation The market-based share awards liability of $0.6 million as of December 31, 2019 entitles the grantees of these awards the right to receive shares of common stock equal to a maximum cash value of $16.9 million, in the aggregate, upon achievement of specified targeted share prices measured over sixty days within a ninety-day trading period. Financial Risk The Company’s condensed consolidated financial statements reflect estimates and assumptions made by management that affect the reported amount of assets and liabilities.

Shareholders' Equity and Stock-

Shareholders' Equity and Stock-Based Compensation	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Shareholders' Equity and Stock-Based Compensation	9 . Dividends Dividend activity for the first quarter of 2020 was as follows: (dollars in millions, except per share values) Three Months Ended March 31, 2020 Dividend declared on February 7, 2020 Shareholders of record on February 21, 2020 Dividend paid on March 06, 2020 Dividend per share $ 0.0750 Cash dividend paid $ 5.4 Dividend activity for the first quarter of 2019 was as follows: (dollars in millions, except per share values) Three Months Ended March 31, 2019 Dividend declared on February 5, 2019 Shareholders of record on February 19, 2019 Dividend paid on March 05, 2019 Dividend per share $ 0.0725 Cash dividend paid $ 5.2 On March 20, 2020, due to the negative impact of COVID-19 on our business, the Company’s Board of Directors (the “Board”) determined to temporarily suspend the Company’s regular quarterly cash dividend on its common stock. Share Repurchases July 2019 Share Repurchase Program In July 2019, the Company’s Board authorized and approved a $30.0 million share repurchase program. Under the terms of the July 2019 Share Repurchase Program, the Company has the ability to repurchase shares through open market purchases (either with or without a 10b5-1 plan), block transactions, privately negotiated purchases or otherwise, through July 31, 2020, subject to early termination or extension by the Board. The July 2019 Share Repurchase Program does not obligate the Company to purchase any specific number of shares. The Company settled the repurchase of 14,988 shares for $0.1 million during the three months ended March 31, 2020 related to the July 2019 Share Repurchase Program. There was $22.1 million remaining available for share repurchases under the program as of March 31, 2020. November 2018 Share Repurchase Program In November 2018, the Company’s Board authorized a $20.0 million share repurchase program. Under the terms of the November 2018 Share Repurchase Program, the Company had the ability to repurchase shares through open market purchases (either with or without a 10b5-1 plan), block transactions, privately negotiated purchases or otherwise, through December 31, 2019. The November 2018 Share Repurchase Program did not require the Company to acquire any specific number of shares. Pursuant to the November 2018 Share Repurchase Program, the Company did not settle the repurchase of any shares during the three months ended March 31, 2020, and settled the repurchase of 5,346 shares for $0.1 million during the three months ended March 31, 2019. There were no remaining amounts available for share repurchases as of March 31, 2020 in connection with the November 2018 Share Repurchase Program. Suspension of Share Repurchase Program On March 20, 2020, due to the negative impact of COVID-19 on the Company’s business, the Board determined to temporarily suspend share repurchases under the Company’s July 2019 Share Repurchase Program. Stock-Based Compensation The Company recognizes cumulative stock-based compensation expense for the portion of the awards for which the service period and performance or market conditions, as applicable, have been satisfied. Stock-based compensation expense is included in selling, general and administrative expense in the condensed consolidated statements of (loss) income and comprehensive (loss) income. The related deferred tax benefit for stock-based compensation recognized was $0.4 million for both the three months ended March 31, 2020 and 2019. Emerald Expositions Events, Inc. 2019 Employee Stock Purchase Plan (the “ESPP”) In January 2019, the Company’s Board approved the ESPP, which was approved by the Company’s stockholders in May 2019. The ESPP requires that participating employees must be customarily employed for at least 20 hours per week, have completed at least 6 months of service, and have compensation (as defined in the ESPP) not greater than $150,000 in the 12-month period before the enrollment date to be eligible to participate in the ESPP. Under the ESPP, eligible employees will receive a 10% discount from the lesser of the closing price on the first day of the offering period and the closing price on the purchase date. The Company reserved 500,000 shares of its common stock for issuance under the ESPP. The ESPP expense recognized by the Company was not material for the three months ended March 31, 2020 and 2019. The Company’s initial ESPP offering period began in February 2019 and ended in August 2019. The Company issued 8,426 shares to employees in August 2019 at the end of the initial ESPP offering period. The Company Stock Options The Company recognized stock-based compensation expense relating to stock option activity of $1.1 million and $0.8 million for the three months ended March 31, 2020 and 2019, respectively. Stock option activity for the three months ended March 31, 2020, was as follows: Weighted-Average Number of Options Exercise Price per Option Remaining Contractual Term Aggregate Intrinsic Value (thousands) (years) (millions) Outstanding at December 31, 2019 7,151 $ 12.74 4.4 $ 5.8 Granted — — Exercised (9 ) 8.00 Forfeited (218 ) 14.92 Outstanding at March 31, 2020 6,924 $ 12.68 3.7 $ — Exercisable at March 31, 2020 5,473 $ 11.88 2.4 $ — The aggregate intrinsic value is the amount by which the fair value of the Company’s common stock exceeded the exercise price of the options as of the close of trading hours on the New York Stock Exchange on March 31, 2020, for those options for which the market price was in excess of the exercise price. There was a total of $2.5 million unrecognized stock-based compensation expense at March 31, 2020 related to unvested stock options expected to be recognized over a weighted-average period of 0.8 years. Restricted Stock Units (“RSUs”) The Company periodically grants RSUs that contain service and, in certain instances, performance and market conditions to certain directors, executives and employees. Stock-based compensation expense relating to RSU activity recognized in the three months ended March 31, 2020 and 2019 was $1.0 million and $0.8 million, respectively. There was a total of $12.1 million of unrecognized stock-based compensation expense at March 31, 2020 related to unvested RSUs expected to be recognized over a weighted-average period of 3.3 years. RSU activity for the three months ended March 31, 2020 was as follows: (share data in thousands, except per share data) Number of RSUs Weighted Average Grant Date Fair Value per Share Unvested balance, December 31, 2019 668 $ 15.00 Granted 931 9.67 Forfeited (70 ) 11.44 Vested (124 ) 13.64 Unvested balance, March 31, 2020 1,405 $ 11.44 Market-based Share Awards In January 2020, the Company granted In total, the Company has granted performance-based market condition share awards with a maximum cash value of $23.8 million, in the aggregate, upon achievement of specified targeted share prices measured over sixty days within a ninety day trading period to three senior executives. As of March 31, 2020, the $23.8 million of the performance-based market condition share awards remain unvested with an estimated weighted average conversion threshold of $21.07 per share, which would result in an estimated 235,718 shares of common stock to be issued upon vesting. Each of the estimated 235,718 shares of common stock has a weighted-average grant date fair value of $25.01 per share. As of March 31, 2020, the liability for these awards was $0.1 million and is reported on the condensed consolidated balance sheets in other noncurrent liabilities. The fair value of performance-based market condition share awards is estimated on the grant date using a risk-neutral Monte Carlo simulation model. The grant date fair value of the awards granted in 2019 was $5.9 million. The grant date fair value of the 2020 awards was $0.7 million. The Company recognized a reduction to stock-based compensation expense relating to performance-based market condition share awards of $0.5 million for the three months ended March 31, 2020 and The assumptions used in determining the fair value for the performance-based market condition share awards granted during the three months ended March 31, 2020 were as follows: March 31, 2020 Expected volatility 47.50 % Dividend yield 0.00 % Risk-free interest rate 0.68 % Weighted-average expected term (in years) 3.8 The weighted-average expected term of the Company’s performance-based market condition share awards is the weighted-average of the derived service periods for the share awards.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	1 0 . Basic earnings per share is computed using the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding options, using the treasury stock method and the average market price of the Company's common stock during the applicable period. Certain shares related to some of the Company's outstanding employee share awards were excluded from the computation of diluted earnings per share because they were antidilutive in the periods presented but could be dilutive in the future. Performance-based market condition share awards are considered contingently issuable shares, which would be included in the denominator for earnings per share if the applicable market conditions have been achieved, and the inclusion of any performance-based market condition share awards is dilutive for the respective reporting periods. For both the three months ended March 31, 2020 and 2019, unvested performance-based market condition share awards were excluded from the calculation of diluted earnings per share because the market conditions had not been met. The details of the computation of basic and diluted earnings per common share are as follows: Three Months Ended March 31, (dollars in millions, share data in thousands except earnings per share) 2020 2019 Net (loss) income $ (570.1 ) $ 26.5 Weighted average common shares outstanding 71,381 71,825 Basic earnings per share $ (7.99 ) $ 0.37 Net (loss) income $ (570.1 ) $ 26.5 Diluted effect of stock options — 1,204 Diluted weighted average common shares outstanding 71,381 73,029 Diluted earnings per share $ (7.99 ) $ 0.36 Anti-dilutive employee share awards excluded from diluted earnings per share calculation 8,208 3,605

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	1 1 . The Company determines its interim income tax provision by applying the estimated effective income tax rate expected to be applicable for the full fiscal year to the income (loss) before income taxes for the period. In determining the full year effective tax rate estimate, the Company does not include the estimated impact of unusual and/or infrequent items, which may cause significant variations in the expected relationship between income tax expense (benefit) and pre-tax income (loss). Significant judgment is exercised in determining the income tax provision due to transactions, credits and estimates where the ultimate tax determination is uncertain. The Company’s U.S. federal statutory corporate income tax rate was 21% as of March 31, 2020. For the three months ended March 31, 2020 and 2019, the Company recorded a benefit from income taxes of $54.8 million and a provision for income taxes of $8.7 Liabilities for unrecognized tax benefits and associated interest and penalties were $1.2 million and $1.1 million as of March 31, 2020 and December 31, 2019, respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	1 2 . Leases and Other Contractual Arrangements The Company has entered into operating leases and other contractual obligations to secure real estate facilities, equipment and trade show venues. These agreements are not unilaterally cancelable by the Company, are legally enforceable and specify fixed or minimum amounts or quantities of goods or services at fixed or minimum prices . Legal Proceedings and Contingencies The Company is subject to litigation and other claims in the ordinary course of business. In the opinion of management, the Company’s liability, if any, arising from regulatory matters and legal proceedings related to these matters is not expected to have a material adverse impact on the Company’s condensed consolidated balance sheets, results of operations or cash flows. Other Commitments and Contingencies The Company has an agreement with the seller of G3 based on EBITDA results for the years ending December 31, 2020 and 2021. Based on the terms of the agreement and achievement of performance conditions, the estimated fair value of the payments the Company would be required to make in 2022 is $4.3 million as of March 31, 2020. Refer to Note 8, Fair Value Measurements, for further discussion on the contingent consideration related to the acquisition of G3. In the opinion of management, there are no claims, commitments or guarantees pending to which the Company is party that would have a material adverse effect on the condensed consolidated financial statements.

Accounts Payable and Other Curr

Accounts Payable and Other Current Liabilities	3 Months Ended
	Mar. 31, 2020
Payables And Accruals [Abstract]
Accounts Payable and Other Current Liabilities	1 3 . Accounts payable and other current liabilities consisted of the following: (in millions) March 31, 2020 December 31, 2019 Accrued event costs $ 14.9 $ 3.8 Trade payables 11.2 5.7 Accrued personnel costs 4.0 8.3 Income tax payable 2.1 — Other current liabilities 2.3 4.3 Accrued interest — 0.1 Total accounts payable and other current liabilities $ 34.5 $ 22.2

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segment Information	1 4 . Segment Information The Company routinely evaluates whether its operating and reportable segments continue to reflect the way the Chief Operating Decision Maker (the “CODM”) evaluates the business. The determination is based on: (1) how the Company’s CODM evaluates the performance of the business, including resource allocation decisions, and (2) whether discrete financial information for each operating segment is available. The Company considers its Chief Executive Officer to be its CODM. The CODM evaluates performance based on the results of six executive brand portfolios, which represent the Company’s six operating segments. The brands managed by the Company’s segment managers do not necessarily align with specific industry sectors. Due to economic similarities and the nature of services, fulfillment processes of those services and types of customers, four operating segments are aggregated into two reportable segments, the Commerce and the Design and Technology reportable segments. In addition, two operating segments did not meet the quantitative thresholds of a reportable segment and did not meet the aggregation criteria set forth in ASC 280, Segment Reporting. Therefore, results for these operating segments are included in the rows labeled "All Other" in the tables below for all periods presented. Each of the brand portfolios generate revenues through the production of trade show events, including booth space sales, registration fees and sponsorship fees. In addition, the segments generate revenues from marketing activities, including digital and print media. Operating segment performance is evaluated by the Company’s CODM based on revenues and Adjusted EBITDA, a non-GAAP measure, defined as EBITDA exclusive of general corporate expenses, stock-based compensation expense, impairments and other items. These adjustments are primarily related to items that are managed on a consolidated basis at the corporate level. The exclusion of such charges from each segment is consistent with how the CODM evaluates segment performance. The following table presents a reconciliation of reportable segment revenues, other income, and Adjusted EBITDA to net income: Three Months Ended March 31, (in millions) 2020 2019 Revenues Commerce $ 49.5 $ 85.4 Design and Technology 36.8 39.0 All Other 13.4 13.0 Total revenues $ 99.7 $ 137.4 Adjusted EBITDA Commerce $ 18.1 $ 52.1 Design and Technology 10.6 12.6 All Other 3.2 4.4 Subtotal Adjusted EBITDA $ 31.9 $ 69.1 General corporate and other expenses $ (8.3 ) $ (9.7 ) Interest expense (6.7 ) (8.0 ) Goodwill impairment charges (564.0 ) — Intangible asset impairment charges (59.4 ) — Depreciation and amortization (12.8 ) (13.2 ) Stock-based compensation (1.6 ) (1.6 ) Deferred revenue adjustment — (0.1 ) Other items (4.0 ) (1.3 ) (Loss) income before income taxes $ (624.9 ) $ 35.2 The Company’s CODM does not receive information with a measure of total assets or capital expenditures for each operating segment as this information is not used for the evaluation of executive brand portfolio performance as the Company’s operations are not capital intensive. Capital expenditure information is provided to the CODM on a consolidated basis. Therefore, the Company has not provided asset and capital expenditure information by reportable segment. For the three months ended March 31, 2020 and 2019, substantially all revenues were derived from transactions in the United States.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated financial statements include the operations of Emerald Holding, Inc. (the “Company” or “Emerald”) and its wholly-owned subsidiaries. These unaudited condensed consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the SEC for Interim Reporting. All intercompany transactions, accounts and profits, if any, have been eliminated in the unaudited condensed consolidated financial statements. In the opinion of management, all recurring adjustments considered necessary for a fair statement of results for the interim period have been included. These unaudited condensed consolidated financial statements do not include all disclosures required by GAAP, therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the more detailed audited consolidated financial statements for the year ended December 31, 2019. The December 31, 2019 condensed consolidated balance sheet was derived from the Company’s audited consolidated financial statements for the year ended December 31, 2019. The results for the three months ended March 31, 2020 are not necessarily indicative of results to be expected for a full year, any other interim periods or any future year or period.
Use of Estimates and Judgments	Use of Estimates and Judgments The preparation of financial statements in conformity with GAAP requires management to make estimates and judgments that affect the amounts reported and disclosed in the condensed consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates. On an ongoing basis, the Company evaluates its estimates and judgments compared to historical experience and expected trends. In March 2020, the COVID-19 was declared a pandemic. While the nature of the situation is dynamic, the Company has considered the impact when developing its estimates and assumptions. Actual results and outcomes may differ from management's estimates and assumptions.
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard (“ASU”) 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (“ASU 2018-15”). The objective of the standard is to align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software over the term of the hosting arrangement, starting when the module or component of the hosting arrangement is ready for its intended use. The Company adopted ASU 2018-15 on January 1, 2020 and the adoption did not have a material impact on the Company’s condensed consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework, which modifies existing and includes new disclosure requirements on fair value measurements (“ASU 2018-13”). The Company adopted ASU 2018-13 on January 1, 2020 and the adoption did not have an impact on the Company’s condensed consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 modifies how an entity accounts for credit losses for most financial assets and certain other instruments and requires entities to estimate expected credit losses for trade receivables. The Company adopted ASU 2016-13 on January 1, 2020 and the adoption did not have a material impact on the Company’s condensed consolidated financial statements. Recently Issued Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) There have been no other new accounting pronouncements that are expected to have a significant impact on the Company’s condensed consolidated financial statements or notes thereto.
Revenue Recognition and Deferred Revenue	Impact of COVID-19 The COVID-19 pandemic has had, and is likely to continue to have, a severe and unprecedented impact on the world. Measures to prevent its spread, including government-imposed restrictions on large gatherings, indefinite closures of event venues, “shelter in place” health orders and travel restrictions the escalating measures governments and private organizations implemented in order to stem the spread of COVID-19, the Company began cancelling and postponing These actions have had an unprecedented and materially adverse impact on the Company’s revenues and financial position. The length of the travel restrictions and social distancing measures Revenue Recognition and Deferred Revenue Revenue is recognized as the customer receives the benefit of the promised services and performance obligations are satisfied. Revenue is recognized at an amount that reflects the consideration the Company expects to receive in exchange for those services. Customers generally receive the benefit of the Company’s services upon the staging of each trade show or conference event. A significant portion of the Company’s annual revenue is generated from the production of trade shows and conference events (collectively, “trade shows”), including booth space sales, registration fees and sponsorship fees. Trade show revenues represented approximately 93.2% and 95.2% of total revenues for the three months ended March 31, 2020 and 2019, respectively. Deferred revenues generally consist of booth space sales, registration fees and sponsorship fees that are invoiced prior to a trade show. Current deferred revenues and are reported as deferred revenues on the condensed consolidated balance sheets As a result of the measures to prevent the spread of COVID-19, the Company has experienced an unprecedented low level of booth space sales, registration fees and sponsorship fees and the associated cash received for future trade shows. cancelling Performance Obligations For For the Company’s other marketing services, sales are deferred and recognized when performance obligations under the terms of a contract with the Company’s customers are satisfied. This generally occurs in the period in which the publications are issued. Revenue is measured as the amount of consideration the Company expects to receive upon completion of its performance obligations. The Company applies a practical expedient which allows the exclusion of disclosure Disaggregation of Revenue The Company’s primary sources of revenue are from trade shows, other events and other marketing services. The following table represents revenues disaggregated by type: Reportable Segment Commerce Design and Technology All Other Total Three Months Ended March 31, 2020 (in millions) Trade shows $ 47.9 $ 28.5 $ 2.3 $ 78.7 Other events — 4.4 9.8 14.2 Other marketing services 1.6 3.9 1.3 6.8 Total revenues $ 49.5 $ 36.8 $ 13.4 $ 99.7 Three Months Ended March 31, 2019 Trade shows $ 83.4 $ 30.4 $ 3.1 $ 116.9 Other events — 4.5 9.3 13.8 Other marketing services 2.0 4.1 0.6 6.7 Total revenues $ 85.4 $ 39.0 $ 13.0 $ 137.4 Contract Balances Due to the nature of the Company’s revenue from contracts with customers, the Company does not have material contract assets that fall under the scope of ASC Topic 606, Revenue from Contracts with Customers. Contract liabilities generally consist of booth space sales, registration fees and sponsorship fees that are collected prior to the trade show or other event. Contract liabilities less than one year from the date of the performance obligation are reported on the condensed consolidated balance sheets as deferred revenues. The Company incurs sales commission costs in connection with sales of booth space, registration fees and sponsorship fees at the Company’s trade shows and events and with sales of advertising for industry publications. The Company’s contracts with customers are generally short term, as sales generally begin up to one year prior to the date of the trade shows and other events. The Company expects the period benefited by each commission to be less than one year, and as a result, the Company expenses sales commissions as incurred. Sales commissions are reported on the condensed consolidated statements of (loss) income and comprehensive (loss) income as selling, general and administrative expenses. Accounts Receivable The Company performs ongoing credit evaluations of its customers and assesses each customer’s credit worthiness. The Company monitors collections and payments from its customers and maintains an allowance based upon applying an expected credit loss rate to receivables based on the historical loss rate from similar higher risk customers adjusted for current conditions, including any specific customer collection issues identified, and forecasts of economic conditions. Delinquent account balances are written off after management has determined that the likelihood of collection is remote. The activities in this account, including the current-period provision for expected credit losses for the three months ended March 31, 2020, were not material.

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue From Contract With Customer [Abstract]
Summary of Revenues Disaggregated	The following table represents revenues disaggregated by type: Reportable Segment Commerce Design and Technology All Other Total Three Months Ended March 31, 2020 (in millions) Trade shows $ 47.9 $ 28.5 $ 2.3 $ 78.7 Other events — 4.4 9.8 14.2 Other marketing services 1.6 3.9 1.3 6.8 Total revenues $ 49.5 $ 36.8 $ 13.4 $ 99.7 Three Months Ended March 31, 2019 Trade shows $ 83.4 $ 30.4 $ 3.1 $ 116.9 Other events — 4.5 9.3 13.8 Other marketing services 2.0 4.1 0.6 6.7 Total revenues $ 85.4 $ 39.0 $ 13.0 $ 137.4

Business Acquisitions (Tables)

Business Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2020
G3 Communications [Member]
Business Acquisition [Line Items]
Summary of the Fair Value of the Acquired Assets and Liabilities	The following table summarizes the fair value of the assets and liabilities at the date of acquisition: (in millions) November 1, 2019 Prepaid expenses $ 0.3 Goodwill 12.9 Intangible assets 4.0 Deferred revenues (1.5 ) Purchase price, including working capital adjustment $ 15.7

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2020
Property Plant And Equipment [Abstract]
Summary of Property and Equipment, Net	Property and equipment, net, consisted of the following: (in millions) March 31 2020 December 31, 2019 Furniture, equipment and other $ 6.2 $ 5.8 Leasehold improvements 3.2 3.0 9.4 8.8 Less: Accumulated depreciation (4.9 ) (4.6 ) Property and equipment, net $ 4.5 $ 4.2

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Amount of Goodwill	The table below summarizes the changes in the carrying amount of goodwill: Reportable Segment (in millions) Commerce Design and Technology All Other Total Balance at December 31, 2019 $ 598.4 $ 337.3 $ 44.6 $ 980.3 Impairment charges (340.6 ) (198.5 ) (24.9 ) (564.0 ) Balance at March 31, 2020 $ 257.8 $ 138.8 $ 19.7 $ 416.3
Summary of Intangible Assets, Net	Intangible assets, net consisted of the following: (in millions) Indefinite- lived trade names Customer relationship intangibles Definite- lived trade names Computer software Capitalized software in progress Total Intangible Assets Gross carrying amount at December 31, 2019 $ 112.7 $ 390.4 $ 105.6 $ 10.6 $ 1.3 $ 620.6 Accumulated amortization — (231.9 ) (6.9 ) (8.0 ) — (246.8 ) Net carrying amount at December 31, 2019 $ 112.7 $ 158.5 $ 98.7 $ 2.6 $ 1.3 $ 373.8 Gross carrying amount at March 31, 2020 $ 66.5 $ 373.2 $ 102.1 $ 11.3 $ 1.2 $ 554.3 Accumulated amortization — (235.2 ) (8.2 ) (8.4 ) — (251.8 ) Net carrying amount at March 31, 2020 $ 66.5 $ 138.0 $ 93.9 $ 2.9 $ 1.2 $ 302.5
Summary of Estimated Future Amortization Expense	Estimated future amortization expense as of March 31, 2020: (in millions) March 31, 2020 2020 (Remaining 9 months) $ 36.0 2021 46.4 2022 44.2 2023 30.7 2024 10.4 Thereafter 69.9 $ 237.6

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Summary of Long-Term Debt Related to Amended and Restated Term Loan Facility	Long-term debt related to the Amended and Restated Term Loan Facility is comprised of the following indebtedness to various lenders: (in millions) March 31, 2020 December 31, 2019 Amended and Restated Term Loan Facility, with interest at LIBOR plus 2.75% (equal to 4.35% and 4.55% as of March 31, 2020 and December 31, 2019, respectively) and due 2024, net (a) $ 524.3 $ 525.4 Less: Current maturities 5.7 5.7 Long-term debt, net of current maturities, debt discount and deferred financing fees $ 518.6 $ 519.7 (a) The Amended and Restated Term Loan Facility, a seven-year $565.0 million senior secured term loan facility, scheduled to mature on May 22, 2024 (the “Amended and Restated Term Loan Facility”), as of March 31, 2020 was recorded net of unamortized discount of $2.4 million and net of unamortized deferred financing fees of $2.9
Summary of Interest Expense	Interest expense reported in the condensed consolidated statements of (loss) income and comprehensive (loss) income consists of the following: Three months ended March 31, (in millions) 2020 2019 Senior secured term loan $ 5.9 $ 7.1 Non-cash interest for amortization of debt discount and debt issuance costs 0.4 0.3 Revolving credit facility interest and commitment fees 0.4 0.6 Total interest expense $ 6.7 $ 8.0

Fair Value Measurements and F_2

Fair Value Measurements and Financial Risk (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	As of March 31, 2020, the Company’s assets measured at fair value on a recurring basis are categorized in the table below: (in millions) Total Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 50.0 $ 50.0 $ — $ — Total assets at fair value $ 50.0 $ 50.0 $ — $ — Liabilities Market-based share awards liability (a) $ 0.1 $ — $ — $ 0.1 Contingent consideration (a) 4.3 — — 4.3 Total liabilities at fair value $ 4.4 $ — $ — $ 4.4 (a) Included within other noncurrent liabilities in the condensed consolidated balance sheet. As of December 31, 2019, the Company’s assets measured at fair value on a recurring basis are categorized in the table below: (in millions) Total Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 9.6 $ 9.6 $ — $ — Total assets at fair value $ 9.6 $ 9.6 $ — $ — Liabilities Market-based share awards liability (a) $ 0.6 $ — $ — $ 0.6 Contingent consideration (a) 4.3 — — 4.3 Total liabilities at fair value $ 4.9 $ — $ — $ 4.9 (a) Included within other noncurrent liabilities in the condensed consolidated balance sheet.

Shareholders' Equity and Stoc_2

Shareholders' Equity and Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Summary of Dividend Activity	Dividend activity for the first quarter of 2020 was as follows: (dollars in millions, except per share values) Three Months Ended March 31, 2020 Dividend declared on February 7, 2020 Shareholders of record on February 21, 2020 Dividend paid on March 06, 2020 Dividend per share $ 0.0750 Cash dividend paid $ 5.4 Dividend activity for the first quarter of 2019 was as follows: (dollars in millions, except per share values) Three Months Ended March 31, 2019 Dividend declared on February 5, 2019 Shareholders of record on February 19, 2019 Dividend paid on March 05, 2019 Dividend per share $ 0.0725 Cash dividend paid $ 5.2
Schedule of Stock Option Activity	Stock option activity for the three months ended March 31, 2020, was as follows: Weighted-Average Number of Options Exercise Price per Option Remaining Contractual Term Aggregate Intrinsic Value (thousands) (years) (millions) Outstanding at December 31, 2019 7,151 $ 12.74 4.4 $ 5.8 Granted — — Exercised (9 ) 8.00 Forfeited (218 ) 14.92 Outstanding at March 31, 2020 6,924 $ 12.68 3.7 $ — Exercisable at March 31, 2020 5,473 $ 11.88 2.4 $ —
Schedule of Restricted Stock Units Activity	RSU activity for the three months ended March 31, 2020 was as follows: (share data in thousands, except per share data) Number of RSUs Weighted Average Grant Date Fair Value per Share Unvested balance, December 31, 2019 668 $ 15.00 Granted 931 9.67 Forfeited (70 ) 11.44 Vested (124 ) 13.64 Unvested balance, March 31, 2020 1,405 $ 11.44
Schedule of Assumptions Used in Determining Fair Value Performance-based Market Condition Share Awards Granted	The assumptions used in determining the fair value for the performance-based market condition share awards granted during the three months ended March 31, 2020 were as follows: March 31, 2020 Expected volatility 47.50 % Dividend yield 0.00 % Risk-free interest rate 0.68 % Weighted-average expected term (in years) 3.8

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Common Share	The details of the computation of basic and diluted earnings per common share are as follows: Three Months Ended March 31, (dollars in millions, share data in thousands except earnings per share) 2020 2019 Net (loss) income $ (570.1 ) $ 26.5 Weighted average common shares outstanding 71,381 71,825 Basic earnings per share $ (7.99 ) $ 0.37 Net (loss) income $ (570.1 ) $ 26.5 Diluted effect of stock options — 1,204 Diluted weighted average common shares outstanding 71,381 73,029 Diluted earnings per share $ (7.99 ) $ 0.36 Anti-dilutive employee share awards excluded from diluted earnings per share calculation 8,208 3,605

Accounts Payable and Other Cu_2

Accounts Payable and Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2020
Payables And Accruals [Abstract]
Schedule of Accounts Payable and Other Current Liabilities	Accounts payable and other current liabilities consisted of the following: (in millions) March 31, 2020 December 31, 2019 Accrued event costs $ 14.9 $ 3.8 Trade payables 11.2 5.7 Accrued personnel costs 4.0 8.3 Income tax payable 2.1 — Other current liabilities 2.3 4.3 Accrued interest — 0.1 Total accounts payable and other current liabilities $ 34.5 $ 22.2

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Reconciliation of Reportable Segment Revenues, Other Income and Adjusted EBITDA to Net Income	The following table presents a reconciliation of reportable segment revenues, other income, and Adjusted EBITDA to net income: Three Months Ended March 31, (in millions) 2020 2019 Revenues Commerce $ 49.5 $ 85.4 Design and Technology 36.8 39.0 All Other 13.4 13.0 Total revenues $ 99.7 $ 137.4 Adjusted EBITDA Commerce $ 18.1 $ 52.1 Design and Technology 10.6 12.6 All Other 3.2 4.4 Subtotal Adjusted EBITDA $ 31.9 $ 69.1 General corporate and other expenses $ (8.3 ) $ (9.7 ) Interest expense (6.7 ) (8.0 ) Goodwill impairment charges (564.0 ) — Intangible asset impairment charges (59.4 ) — Depreciation and amortization (12.8 ) (13.2 ) Stock-based compensation (1.6 ) (1.6 ) Deferred revenue adjustment — (0.1 ) Other items (4.0 ) (1.3 ) (Loss) income before income taxes $ (624.9 ) $ 35.2

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2020	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Drawing down of line of credit to bolster cash balances				$ 45	$ 0
Revolving Credit Facility [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Drawing down of line of credit to bolster cash balances				40
Borrowings outstanding			$ 50	50		$ 10
Letters of credit outstanding amount			1	1		$ 1
Amended and Restated Term Loan Facility [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Borrowings outstanding			529.5	$ 529.5
COVID-19 [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Reduction in staff headcount and furloughs				18.00%
Insurance settlement receivable, 2020			191	$ 191
Insurance settlement receivable, 2021			191	191
COVID-19 [Member] | Minimum [Member] | Forecast [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Percentage of estimate payment delay of employer payroll taxes due in 2021		50.00%
Estimates payment delay of employer payroll taxes due date.		Dec. 31, 2021
Percentage of estimate payment delay and remaining of employer payroll taxes due in 2021	50.00%
Estimates payment delay and remaining of employer payroll taxes due date.	Dec. 31, 2022
COVID-19 [Member] | Revolving Credit Facility [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Drawing down of line of credit to bolster cash balances			40
Line of credit available to borrow			99	99
Borrowings outstanding			50	50
Letters of credit outstanding amount			$ 1	$ 1

Revenues - Additional Informati

Revenues - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Revenue From Contract With Customer [Line Items]
Current deferred revenues	$ 86	$ 173.9	$ 187.3
Total deferred revenues	86.1	174.2
Revenue recognized	87.8	120.7
Cancelled event liabilities	$ 72.1
Maximum [Member]
Revenue From Contract With Customer [Line Items]
Contracts with customers sales beginning period	1 year
Contracts with customers commission benefited expected period	1 year
Other Noncurrent Liabilities [Member]
Revenue From Contract With Customer [Line Items]
Long-term deferred revenues	$ 0.1	$ 0.3
Trade Show and Conference Events [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Revenue From Contract With Customer [Line Items]
Concentration risk, percentage	93.20%	95.20%

Revenues - Additional Informa_2

Revenues - Additional Information (Detail 1)	Mar. 31, 2020
Maximum [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-04-01
Revenue From Contract With Customer [Line Items]
Revenue recognition of remaining performance obligations original expected period	1 year

Revenues - Summary of Revenues

Revenues - Summary of Revenues Disaggregated (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation Of Revenue [Line Items]
Revenues	$ 99.7	$ 137.4
Trade Shows [Member]
Disaggregation Of Revenue [Line Items]
Revenues	78.7	116.9
Other Events [Member]
Disaggregation Of Revenue [Line Items]
Revenues	14.2	13.8
Other Marketing Services [Member]
Disaggregation Of Revenue [Line Items]
Revenues	6.8	6.7
Commerce [Member]
Disaggregation Of Revenue [Line Items]
Revenues	49.5	85.4
Commerce [Member] | Trade Shows [Member]
Disaggregation Of Revenue [Line Items]
Revenues	47.9	83.4
Commerce [Member] | Other Marketing Services [Member]
Disaggregation Of Revenue [Line Items]
Revenues	1.6	2
Design and Technology [Member]
Disaggregation Of Revenue [Line Items]
Revenues	36.8	39
Design and Technology [Member] | Trade Shows [Member]
Disaggregation Of Revenue [Line Items]
Revenues	28.5	30.4
Design and Technology [Member] | Other Events [Member]
Disaggregation Of Revenue [Line Items]
Revenues	4.4	4.5
Design and Technology [Member] | Other Marketing Services [Member]
Disaggregation Of Revenue [Line Items]
Revenues	3.9	4.1
All Other [Member]
Disaggregation Of Revenue [Line Items]
Revenues	13.4	13
All Other [Member] | Trade Shows [Member]
Disaggregation Of Revenue [Line Items]
Revenues	2.3	3.1
All Other [Member] | Other Events [Member]
Disaggregation Of Revenue [Line Items]
Revenues	9.8	9.3
All Other [Member] | Other Marketing Services [Member]
Disaggregation Of Revenue [Line Items]
Revenues	$ 1.3	$ 0.6

Business Acquisitions - Additio

Business Acquisitions - Additional Information (Detail) - USD ($)	Nov. 01, 2019	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Business Acquisition [Line Items]
Contingent consideration on purchase price		$ 4,300,000	$ 4,300,000
Amount drawn from revolving credit facility for funding of transaction		45,000,000		$ 0
G3 Communications [Member]
Business Acquisition [Line Items]
Purchase price	$ 15,700,000
Working capital adjustment	1,400,000
Contingent consideration on purchase price	4,300,000	4,300,000
Remeasurement adjustments or payments of earn out liabilities		0
G3 Communications [Member] | Selling, General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Acquisition costs incurred			$ 400,000
Revolving Credit Facility [Member]
Business Acquisition [Line Items]
Amount drawn from revolving credit facility for funding of transaction		$ 40,000,000
Revolving Credit Facility [Member] | G3 Communications [Member]
Business Acquisition [Line Items]
Amount drawn from revolving credit facility for funding of transaction	$ 5,000,000

Business Acquisitions - Summary

Business Acquisitions - Summary of the Fair Value of the Assets and Liabilities Acquired (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Nov. 01, 2019
Business Acquisition [Line Items]
Goodwill	$ 416.3	$ 980.3
G3 Communications [Member]
Business Acquisition [Line Items]
Prepaid expenses			$ 0.3
Goodwill			12.9
Intangible assets			4
Deferred revenues			(1.5)
Purchase price, including working capital adjustment			$ 15.7

Property and Equipment - Summar

Property and Equipment - Summary of Property and Equipment, Net (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 9.4	$ 8.8
Less: Accumulated depreciation	(4.9)	(4.6)
Property and equipment, net	4.5	4.2
Furniture, Equipment and Other [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	6.2	5.8
Leasehold Improvements [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 3.2	$ 3

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Property Plant And Equipment [Abstract]
Depreciation expense related to property and equipment	$ 0.3	$ 0.2

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Changes in Carrying Amount of Goodwill (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Goodwill [Line Items]
Goodwill, beginning balance	$ 980.3
Impairment charges	(564)
Goodwill, ending balance	416.3
Commerce [Member]
Goodwill [Line Items]
Goodwill, beginning balance	598.4
Impairment charges	(340.6)
Goodwill, ending balance	257.8
Design and Technology [Member]
Goodwill [Line Items]
Goodwill, beginning balance	337.3
Impairment charges	(198.5)
Goodwill, ending balance	138.8
All Other [Member]
Goodwill [Line Items]
Goodwill, beginning balance	44.6
Impairment charges	(24.9)
Goodwill, ending balance	$ 19.7

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Schedule Of Intangible Assets Excluding Goodwill [Line Items]
Goodwill impairment charges	$ 564,000,000
Carrying value of fair value	564,000,000
Goodwill	416,300,000		$ 980,300,000
Amortization expense	12,500,000	$ 12,900,000
Impairment charges of long-lived assets	13,200,000
Impairment charges of long-lived assets remaining of fair value	4,200,000
Impairment of indefinite-lived intangible assets	59,400,000
Trade Names [Member]
Schedule Of Intangible Assets Excluding Goodwill [Line Items]
Impairment of indefinite-lived intangible assets	46,200,000	$ 0
Headroom [Member]
Schedule Of Intangible Assets Excluding Goodwill [Line Items]
Goodwill	0
Commerce [Member]
Schedule Of Intangible Assets Excluding Goodwill [Line Items]
Goodwill impairment charges	340,600,000
Goodwill	257,800,000		598,400,000
Impairment of long-lived assets	6,700,000
Commerce [Member] | Trade Names [Member]
Schedule Of Intangible Assets Excluding Goodwill [Line Items]
Impairment of indefinite-lived intangible assets	24,100,000
Design and Technology [Member]
Schedule Of Intangible Assets Excluding Goodwill [Line Items]
Goodwill impairment charges	198,500,000
Goodwill	138,800,000		$ 337,300,000
Impairment of long-lived assets	5,700,000
Design and Technology [Member] | Trade Names [Member]
Schedule Of Intangible Assets Excluding Goodwill [Line Items]
Impairment of indefinite-lived intangible assets	$ 17,000,000
Maximum [Member]
Schedule Of Intangible Assets Excluding Goodwill [Line Items]
Estimated future net cash flows discounted rate	20.00%
Weighted average cost of capital discount rate	14.50%
Minimum [Member]
Schedule Of Intangible Assets Excluding Goodwill [Line Items]
Estimated future net cash flows discounted rate	5.00%
Weighted average cost of capital discount rate	12.90%

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Summary of Intangible Assets, Net (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Schedule Of Intangible Assets Excluding Goodwill [Line Items]
Gross carrying amount	$ 554.3	$ 620.6
Accumulated amortization	(251.8)	(246.8)
Net carrying amount	302.5	373.8
Customer Relationships Intangibles [Member]
Schedule Of Intangible Assets Excluding Goodwill [Line Items]
Gross carrying amount	373.2	390.4
Accumulated amortization	(235.2)	(231.9)
Net carrying amount	138	158.5
Trade Names [Member]
Schedule Of Intangible Assets Excluding Goodwill [Line Items]
Gross carrying amount	102.1	105.6
Accumulated amortization	(8.2)	(6.9)
Net carrying amount	93.9	98.7
Computer Software [Member]
Schedule Of Intangible Assets Excluding Goodwill [Line Items]
Gross carrying amount	11.3	10.6
Accumulated amortization	(8.4)	(8)
Net carrying amount	2.9	2.6
Capitalized Software in Progress [Member]
Schedule Of Intangible Assets Excluding Goodwill [Line Items]
Gross carrying amount	1.2	1.3
Net carrying amount	1.2	1.3
Trade Names [Member]
Schedule Of Intangible Assets Excluding Goodwill [Line Items]
Gross carrying amount	66.5	112.7
Net carrying amount	$ 66.5	$ 112.7

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Summary of Estimated Future Amortization Expense (Detail) $ in Millions	Mar. 31, 2020USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
2020 (Remaining 9 months)	$ 36
2021	46.4
2022	44.2
2023	30.7
2024	10.4
Thereafter	69.9
Estimated future amortization expense	$ 237.6

Debt - Summary of Long-Term Deb

Debt - Summary of Long-Term Debt Related to Amended and Restated Term Loan Facility (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Less: Current maturities	$ 5.7	$ 5.7
Long-term debt, net of current maturities, debt discount and deferred financing fees	518.6	519.7
Amended and Restated Term Loan Facility, 4.35% and 4.55% Due 2024 [Member]
Debt Instrument [Line Items]
Term Loan Facility	$ 524.3	$ 525.4

Debt - Summary of Long-Term D_2

Debt - Summary of Long-Term Debt Related to Amended and Restated Term Loan Facility (Parenthetical) (Detail) - Amended and Restated Term Loan Facility, 4.35% and 4.55% Due 2024 [Member] - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Interest rate	4.35%	4.55%
Maturity year	2024	2024
Secured debt	$ 524.3	$ 525.4
Unamortized discount	2.4	2.5
Unamortized deferred financing fees	2.9	$ 3
Fair market value	$ 407.7
Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Secured debt maturity period	7 years
Secured debt	$ 565
Security debt maturity date	May 22, 2024
LIBOR [Member]
Debt Instrument [Line Items]
Basis spread	2.75%	2.75%

Debt - Revolving Credit Facilit

Debt - Revolving Credit Facility - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Proceeds from borrowings	$ 45	$ 0
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Net borrowings	50		$ 10
Proceeds from borrowings	40
Stand-by letters of credit	$ 1		$ 1

Debt - Summary of Interest Expe

Debt - Summary of Interest Expense (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Debt Instrument [Line Items]
Non-cash interest for amortization of debt discount and debt issuance costs	$ 0.4	$ 0.3
Total interest expense	6.7	8
Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Interest expense on senior secured term loan	5.9	7.1
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility interest and commitment fees	$ 0.4	$ 0.6

Debt - Covenants - Additional I

Debt - Covenants - Additional Information (Detail) - Revolving Credit Facility [Member] $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Debt Instrument [Line Items]
Percentage of amount outstanding exceeds total commitment for testing of financial covenant	35.00%
Maximum [Member]
Debt Instrument [Line Items]
Letters of credit outstanding amount	$ 10
First Lien [Member]
Debt Instrument [Line Items]
Leverage ratio	550.00%

Fair Value Measurements and F_3

Fair Value Measurements and Financial Risk - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 50	$ 9.6
Total assets at fair value	50	9.6
Liabilities
Market-based share awards liability	0.1	0.6
Contingent consideration	4.3	4.3
Total liabilities at fair value	4.4	4.9
Fair Value Measurements Recurring [Member] | Level 1 [Member]
Assets
Cash and cash equivalents	50	9.6
Total assets at fair value	50	9.6
Liabilities
Market-based share awards liability	0	0
Contingent consideration	0	0
Total liabilities at fair value	0	0
Fair Value Measurements Recurring [Member] | Level 2 [Member]
Assets
Cash and cash equivalents	0	0
Total assets at fair value	0	0
Liabilities
Market-based share awards liability	0	0
Contingent consideration	0	0
Total liabilities at fair value	0	0
Fair Value Measurements Recurring [Member] | Level 3 [Member]
Assets
Cash and cash equivalents	0	0
Total assets at fair value	0	0
Liabilities
Market-based share awards liability	0.1	0.6
Contingent consideration	4.3	4.3
Total liabilities at fair value	$ 4.4	$ 4.9

Fair Value Measurements and F_4

Fair Value Measurements and Financial Risk - Additional Information (Detail)	1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 31, 2020USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration		$ 4,300,000	$ 4,300,000
Market-based share awards liability		100,000	600,000
Market-based Share Awards [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Employee right to receive restricted stock equal to maximum cash price	$ 4,900,000	$ 23,800,000	$ 16,900,000
Volatility Rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration measurement input		0.30	0.30
Discount Rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration measurement input		0.10	0.10

Shareholders' Equity and Stoc_3

Shareholders' Equity and Stock-Based Compensation - Summary of Dividend Activity (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Cash dividend paid	$ 5.4	$ 5.2
Director [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Dividend declared on	Feb. 7, 2020	Feb. 5, 2019
Shareholders of record on	Feb. 21, 2020	Feb. 19, 2019
Dividend paid on	Mar. 6, 2020	Mar. 5, 2019
Dividend per share	$ 0.0750	$ 0.0725
Cash dividend paid	$ 5.4	$ 5.2

Shareholders' Equity and Stoc_4

Shareholders' Equity and Stock-Based Compensation - Additional Information (Detail)	Jan. 31, 2019USD ($)hshares	Feb. 29, 2020shares	Jan. 31, 2020USD ($)$ / sharesshares	Mar. 31, 2020USD ($)$ / sharesshares	Mar. 31, 2019USD ($)shares	Dec. 31, 2019USD ($)	Jul. 31, 2019USD ($)	Nov. 20, 2018USD ($)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Repurchase of common stock				$ 100,000	$ 100,000
Deferred tax benefit for stock-based compensation				400,000	400,000
Stock-based compensation expense				500,000	0
Liability for awards				100,000		$ 600,000
Fair value of the awards				700,000	5,900,000
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense				1,100,000	800,000
Unrecognized stock-based compensation expense				$ 2,500,000
Unrecognized stock-based compensation expense weighted average period of recognition				9 months 18 days
Restricted Stock Units ("RSUs") [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense				$ 1,000,000	800,000
Unrecognized stock-based compensation expense				$ 12,100,000
Unrecognized stock-based compensation expense weighted average period of recognition				3 years 3 months 18 days
Estimated shares of common stock granted | shares				931,000
Weighted-average grant date fair value | $ / shares				$ 9.67
Market-based Share Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Employee right to receive restricted stock equal to maximum cash price			$ 4,900,000	$ 23,800,000		$ 16,900,000
Estimated weighted average conversion threshold | $ / shares			$ 21.09	$ 21.07
Estimated shares of common stock issue upon conversion | shares			45,718	235,718
Estimated shares of common stock granted | shares			45,718	235,718
Weighted-average grant date fair value | $ / shares			$ 24.53	$ 25.01
Share based compensation unvested | shares				23,800,000
2019 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of discount received	10
Common stock, reserved for issuance | shares	500,000
Stock-based compensation expense				$ 0	$ 0
Offering period beginning date				2019-02
Offering period ending date				2019-08
Stock issued during period, shares | shares		8,212,000		8,426,000
2019 Employee Stock Purchase Plan [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of hours per week worked by employees for eligible | h	20
Number of months of service to be completed for eligible	6 months
2019 Employee Stock Purchase Plan [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Amount of compensation	$ 150,000
July 2019 Share Repurchase Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock repurchase program, authorized amount							$ 30,000,000
Repurchase of common stock, shares | shares				14,988
Repurchase of common stock				$ 100,000
Stock repurchase program, remaining authorized repurchase amount				$ 22,100,000
November 2018 Share Repurchase Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock repurchase program, authorized amount								$ 20,000,000
Repurchase of common stock, shares | shares				0	5,346
Repurchase of common stock					$ 100,000
Stock repurchase program, remaining authorized repurchase amount				$ 0

Shareholders' Equity and Stoc_5

Shareholders' Equity and Stock-Based Compensation - Schedule of Stock Option Activity (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of Options Outstanding, Beginning Balance	7,151
Number of Options, Exercised	(9)
Number of Options, Forfeited	(218)
Number of Options Outstanding, Ending Balance	6,924	7,151
Number of Options, Exercisable	5,473
Weighted-Average Exercise Price per Option Outstanding, Beginning Balance	$ 12.74
Weighted-Average Exercise Price per Option, Exercised	8
Weighted-Average Exercise Price per Option, Forfeited	14.92
Weighted-Average Exercise Price per Option Outstanding, Ending Balance	12.68	$ 12.74
Weighted-Average Exercise Price per Option, Exercisable	$ 11.88
Weighted-Average Remaining Contractual Term, Outstanding Balance	3 years 8 months 12 days	4 years 4 months 24 days
Weighted-Average Remaining Contractual Term, Exercisable	2 years 4 months 24 days
Aggregate Intrinsic Value, Outstanding Balance		$ 5.8

Shareholder's Equity and Stock-

Shareholder's Equity and Stock-Based Compensation - Schedule of Restricted Stock Units Activity (Detail) - Restricted Stock Units ("RSUs") [Member] shares in Thousands	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of RSUs Unvested, Beginning Balance | shares	668
Number of RSUs, Granted | shares	931
Number of RSUs, Forfeited | shares	(70)
Number of RSUs, Vested | shares	(124)
Number of RSUs Unvested, Ending Balance | shares	1,405
Weighted Average Grant Date Fair Value per Share Unvested, Beginning Balance | $ / shares	$ 15
Weighted Average Grant Date Fair Value per Share, Granted | $ / shares	9.67
Weighted Average Grant Date Fair Value per Share, Forfeited | $ / shares	11.44
Weighted Average Grant Date Fair Value per Share, Vested | $ / shares	13.64
Weighted Average Grant Date Fair Value per Share Unvested, Ending Balance | $ / shares	$ 11.44

Shareholder's Equity and Stoc_2

Shareholder's Equity and Stock-Based Compensation - Schedule of Assumptions Used in Determining Fair Value Performance-based Market Condition Share Awards Granted (Detail) - Market-based Share Awards [Member]	3 Months Ended
	Mar. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility	47.50%
Dividend yield	0.00%
Risk-free interest rate	0.68%
Weighted-average expected term (in years)	3 years 9 months 18 days

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net (loss) income	$ (570.1)	$ 26.5
Weighted average common shares outstanding	71,381	71,825
Basic earnings per share	$ (7.99)	$ 0.37
Net (loss) income	$ (570.1)	$ 26.5
Diluted effect of stock options		1,204
Diluted weighted average common shares outstanding	71,381	73,029
Diluted earnings per share	$ (7.99)	$ 0.36
Anti-dilutive employee share awards excluded from diluted earnings per share calculation	8,208	3,605

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Income Tax Disclosure [Abstract]
U.S. Corporate federal income tax rate	21.00%
(Benefit from) provision for income taxes	$ (54.8)	$ 8.7
Effective income tax rates	25.30%	24.70%
Liabilities for unrecognized tax benefits and associated interest and penalties	$ 1.2		$ 1.1

Commitment and Contingencies -

Commitment and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Nov. 01, 2019
Commitments And Contingencies [Line Items]
Contingent consideration on purchase price	$ 4.3	$ 4.3
G3 Communications [Member]
Commitments And Contingencies [Line Items]
Contingent consideration on purchase price	$ 4.3		$ 4.3

Accounts Payable and Other Cu_3

Accounts Payable and Other Current Liabilities - Schedule of Accounts Payable and Other Current Liabilities (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Payables And Accruals [Abstract]
Accrued event costs	$ 14.9	$ 3.8
Trade payables	11.2	5.7
Accrued personnel costs	4	8.3
Income tax payable	2.1
Other current liabilities	2.3	4.3
Accrued interest		0.1
Total accounts payable and other current liabilities	$ 34.5	$ 22.2

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2020SegmentBrandPortfolio
Segment Reporting Information [Line Items]
Number of operating segments, aggregated into reportable segments	4
Number of reportable segments	2
Number of additional operating segments that do not meet quantitative thresholds for reporting segment	2
Chief Operating Decision Maker [Member]
Segment Reporting Information [Line Items]
Number of operating segment	6
Number of executive brand portfolios | BrandPortfolio	6

Segment Information - Reconcili

Segment Information - Reconciliation of Reportable Segment Revenues, Other Income and Adjusted EBITDA to Net Income (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues
Revenues	$ 99.7	$ 137.4
Adjusted EBITDA
Subtotal Adjusted EBITDA	31.9	69.1
General corporate and other expenses	(8.3)	(9.7)
Interest expense	(6.7)	(8)
Goodwill impairment charges	(564)
Intangible asset impairment charges	(59.4)
Depreciation and amortization	(12.8)	(13.2)
Stock-based compensation	(1.6)	(1.6)
Deferred revenue adjustment		(0.1)
Other items	(4)	(1.3)
(Loss) income before income taxes	(624.9)	35.2
Commerce [Member]
Revenues
Revenues	49.5	85.4
Adjusted EBITDA
Subtotal Adjusted EBITDA	18.1	52.1
Goodwill impairment charges	(340.6)
Design and Technology [Member]
Revenues
Revenues	36.8	39
Adjusted EBITDA
Subtotal Adjusted EBITDA	10.6	12.6
Goodwill impairment charges	(198.5)
All Other [Member]
Revenues
Revenues	13.4	13
Adjusted EBITDA
Subtotal Adjusted EBITDA	3.2	$ 4.4
Goodwill impairment charges	$ (24.9)