Black Knight (BKI) 10-Q 5 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 04, 2017
Document Information [Line Items]
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Entity Registrant Name	Black Knight Financial Services, Inc.
Entity Central Index Key	1,627,014
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		69,851,596
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		84,826,282

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 107.5	$ 133.9
Trade receivables, net	160.3	155.8
Prepaid expenses and other current assets	53.2	45.4
Receivables from related parties	1.3	4.1
Total current assets	322.3	339.2
Property and equipment, net	177.8	173
Computer software, net	439.4	450
Other intangible assets, net	282.4	299.5
Goodwill	2,306.8	2,303.8
Other non-current assets	203.2	196.5
Total assets	3,731.9	3,762
Current liabilities:
Trade accounts payable and other accrued liabilities	63.1	55.2
Accrued compensation and benefits	27.3	61.1
Current portion of long-term debt	73.4	63.4
Deferred revenues	51.3	47.4
Total current liabilities	215.1	227.1
Deferred revenues	81.9	77.3
Deferred income taxes	7.9	7.9
Long-term debt, net of current portion	1,486.9	1,506.8
Other non-current liabilities	5.6	3.5
Total liabilities	1,797.4	1,822.6
Commitments and contingencies
Equity:
Preferred stock; $0.0001 par value; 25,000,000 shares authorized; issued and outstanding, none	0	0
Additional paid-in capital	811.9	810.8
Retained earnings	77.9	65.7
Accumulated other comprehensive loss	(1.4)	(0.8)
Total shareholders' equity	888.4	875.7
Noncontrolling interests	1,046.1	1,063.7
Total equity	1,934.5	1,939.4
Total liabilities and equity	3,731.9	3,762
Common Class A [Member]
Equity:
Common stock	0	0
Common Class B [Member]
Equity:
Common stock	$ 0	$ 0

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Related party prepaid fees	$ 53.2	$ 45.4
Long-term debt, net of current portion	$ 1,486.9	$ 1,506.8
Common stock, shares outstanding	154,700,000	153,900,000
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	350,000,000	350,000,000
Common stock, share issued	69,851,479	69,091,008
Common stock, shares outstanding	69,851,479	69,091,008
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, share issued	84,826,282	84,826,282
Common stock, shares outstanding	84,826,282	84,826,282

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Earnings - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Revenues		$ 258.1	$ 241.9
Expenses:
Operating expenses		145.5	136.8
Depreciation and amortization		52.8	48.2
Transition and integration costs		1.2	0
Total expenses		199.5	185
Operating income (loss)		58.6	56.9
Other income and expense:
Interest expense		(16.7)	(16.8)
Other expense, net		(2)	(0.8)
Total other expense, net		(18.7)	(17.6)
Earnings before income taxes		39.9	39.3
Income tax expense		6	6.2
Net earnings from continuing operations		33.9	33.1
Net earnings		33.9	33.1
Less: Net earnings attributable to noncontrolling interests		21.7	21.7
Net earnings attributable to Black Knight Financial Services, Inc.		12.2	11.4
Unrealized holding losses, net of tax		(0.8)	(0.7)
Reclassification adjustments for losses included in net earnings, net of tax	[1]	0.1	0.1
Total unrealized gains (losses) on interest rate swaps, net of tax	[2]	(0.7)	(0.6)
Foreign currency translation adjustment		0.1	0
Other comprehensive loss		(0.6)	(0.6)
Comprehensive earnings attributable to noncontrolling interests		20.4	20.6
Comprehensive earnings		32	31.4
Weighted average shares of Class A common stock outstanding (Note 2):
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax		0.1	0.1
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax		$ 0.5	$ 0.3
Common Class A [Member]
Net earnings per share attributable to Black Knight Financial Services, Inc., Class A common shareholders:
Basic (in dollars per share)		$ 0.18	$ 0.17
Diluted (in dollars per share)		$ 0.18	$ 0.17
Weighted average shares of Class A common stock outstanding (Note 2):
Basic (in shares)		67.6	65.8
Weighted average shares of common stock, diluted (in shares)		152.9	152.6
[1]	Amounts reclassified to net earnings relate to losses on interest rate swaps and are included in Interest expense on the Condensed Consolidated Statements of Earnings and Comprehensive Earnings (Unaudited). Amount is net of income tax expense of less than $0.1 million and $0.1 million for the three months ended March 31, 2017 and 2016, respectively.
[2]	Net of income tax benefit of $0.5 million and $0.3 million for the three months ended March 31, 2017 and 2016, respectively.

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock [Member]Common Class A [Member]	Common Stock [Member]Common Class B [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit/Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Noncontrolling Interest [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance, shares		69.1	84.8
Beginning balance at Dec. 31, 2016	$ 1,939.4			$ 810.8	$ 65.7	$ (0.8)	$ 1,063.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance, shares		69.9	84.8
Issuance of common stock	0			0
Tax withholding payments for restricted share vesting (in shares)		(0.1)
Tax withholding payments for restricted share vesting	(4.1)			(4.1)
Issuance of common stock, shares		0.9
Equity based compensation expense	5.2			5.2
Net earnings	33.9				12.2		21.7
Foreign currency translation adjustment	0.2					0.1	0.1
Unrealized loss on interest rate swaps	(2.1)					(0.7)	(1.4)
Tax distributions to members	(38)				0		(38)
Ending balance at Mar. 31, 2017	$ 1,934.5			$ 811.9	$ 77.9	$ (1.4)	$ 1,046.1
Ending balance, shares at Mar. 31, 2017		69.9	84.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance, shares		69.9	84.8

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net earnings	$ 33.9	$ 33.1
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	52.8	48.2
Amortization of debt issuance costs, bond premium and original issue discount	0.7	0.7
Loss on extinguishment of debt, net	0.4	0
Deferred income taxes, net	0	(0.2)
Equity-based compensation	5.2	2.7
Changes in assets and liabilities, net of acquired assets and liabilities:
Trade and other receivables, including receivables from related parties	(3.9)	(4)
Prepaid expenses and other assets	(9.4)	(11.9)
Deferred revenues	(12.4)	(13.4)
Deferred contract costs	8.5	3.6
Trade accounts payable and other accrued liabilities, including accrued compensation and benefits	(26.9)	(0.9)
Net cash provided by operating activities	48.9	57.9
Cash flows from investing activities:
Additions to property and equipment	(3.7)	(6.8)
Additions to computer software	(12.5)	(9.8)
Net cash used in investing activities	(16.2)	(16.6)
Cash flows from financing activities:
Debt service payments	(11)	(61)
Distributions to members	(38)	(48)
Capital lease payments	(4.3)	0
Tax withholding payments for restricted share vesting	(4.1)	0
Debt issuance costs	(1.7)	0
Net cash used in financing activities	(59.1)	(109)
Net decrease in cash and cash equivalents	(26.4)	(67.7)
Cash and cash equivalents, beginning of period	133.9	186
Cash and cash equivalents, end of period	107.5	118.3
Supplemental cash flow information:
Interest paid	(9.4)	(9.4)
Income taxes refunded (paid), net	$ 0.1	$ (1.1)

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Condensed Consolidated Financial Statements (Unaudited) were prepared in accordance with U.S. generally accepted accounting principles ("GAAP"), and all adjustments considered necessary for a fair presentation have been included. All significant intercompany accounts and transactions have been eliminated. The preparation of these Condensed Consolidated Financial Statements (Unaudited) in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the Condensed Consolidated Financial Statements (Unaudited), as well as the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. This Quarterly Report on Form 10-Q should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2016 filed with the Securities and Exchange Commission ("SEC") on February 24, 2017. Description of Business Black Knight, a majority-owned subsidiary of Fidelity National Financial, Inc. ("FNF"), is a holding company that conducts business through our interest in Black Knight Financial Services, LLC ("BKFS LLC"), our sole asset and a provider of integrated technology, data and analytics solutions that facilitates and automates many of the business processes across the mortgage lifecycle. We believe we differentiate ourselves by the breadth and depth of our comprehensive, integrated solutions and the insight we provide to our clients. Reporting Segments We conduct our operations through two reporting segments: (1) Technology and (2) Data and Analytics. See further discussion in Note 8 — Segment Information . Consolidation BKFS LLC is subject to the consolidation guidance related to variable interest entities as set forth in Accounting Standards Codification ("ASC") Topic 810, Consolidation ("ASC 810"). Black Knight, as the sole managing member of BKFS LLC, has the exclusive authority to manage, control and operate the business and affairs of BKFS LLC and its subsidiaries, pursuant to the terms of the Second Amended and Restated Limited Liability Company Agreement ("LLC Agreement"). Under the terms of the LLC Agreement, Black Knight is authorized to manage the business of BKFS LLC, including the authority to enter into contracts, manage bank accounts, hire employees and agents, incur and pay debts and expenses, merge or consolidate with other entities and pay taxes. Because Black Knight is the primary beneficiary through its sole managing member interest and possesses the rights established in the LLC Agreement, in accordance with the requirements of ASC 810, Black Knight controls BKFS LLC and appropriately consolidates the operations thereof. We account for noncontrolling interests in accordance with ASC 810. Our Class A shareholders indirectly control BKFS LLC through our managing member interest. Our Class B shareholders have a noncontrolling interest in BKFS LLC. Their share of equity in BKFS LLC is reflected in Noncontrolling interests in our Condensed Consolidated Balance Sheets (Unaudited) and their share of net earnings or loss in BKFS LLC is reported in Net earnings attributable to noncontrolling interests in our Condensed Consolidated Statements of Earnings and Comprehensive Earnings (Unaudited). Net earnings attributable to noncontrolling interests do not include expenses incurred directly by Black Knight, including income tax expense attributable to Black Knight. Planned Distribution of FNF's Ownership Interest On December 7, 2016, we announced that FNF's Board of Directors approved a tax-free plan (the "Distribution Plan") whereby FNF intends to distribute all 83.3 million shares of Black Knight common stock that it currently owns to FNF Group shareholders. We expect the Distribution Plan to be effectuated through four newly-formed corporations, New BKH Corp. ("New BKH"), Black Knight Holdco Corp. ("New Black Knight"), New BKH Merger Sub, Inc. ("Merger Sub One") and BKFS Merger Sub, Inc. ("Merger Sub Two") as follows: • Black Knight Holdings, Inc. ("BKHI"), a wholly-owned subsidiary of FNF, will contribute all of its 83.3 million shares of Black Knight Class B common stock and its units of BKFS LLC to New BKH in exchange for 100% of the shares of New BKH common stock; • Following which BKHI will distribute to FNF all of the shares of New BKH common stock held by BKHI; • Immediately thereafter, FNF will distribute the shares of New BKH common stock to its shareholders (the "Spin-off"), provided that such distribution shall be subject to the conversion of such shares of New BKH common stock into shares of New Black Knight common stock. • Immediately following the Spin-off, Merger Sub One will merge with and into New BKH (the "New BKH merger"). • In the New BKH merger, each outstanding share of New BKH common stock (other than shares owned by New BKH) will be exchanged for one share of New Black Knight common stock. • Immediately following the New BKH merger, Merger Sub Two will merge with and into Black Knight (the "BKFS merger"). • In the BKFS merger, each outstanding share of Black Knight common stock (other than shares owned by Black Knight and New BKH) will be exchanged for one share of New Black Knight common stock. • New Black Knight will be the public company following the completion of the distribution and mergers. The Distribution Plan is subject to the receipt of private letter rulings from the Internal Revenue Service ("IRS"), approving certain aspects relating to the tax-free spin-off of the Black Knight shares; filing and acceptance of a registration statement for the Black Knight spin-off with the SEC; Black Knight shareholder approval; and other customary closing conditions. The closing of the Distribution Plan is expected by the end of the third quarter of 2017. Realignment of Property Insight Effective January 1, 2017, Property Insight, LLC ("Property Insight"), a Black Knight subsidiary that provides information used by title insurance underwriters, title agents and closing attorneys to source and underwrite title insurance for real property sales and transfer, realigned its commercial relationship with FNF. In connection with the realignment, Property Insight employees responsible for title plant posting and maintenance were transferred to FNF. Under the new commercial arrangement, Black Knight continues to own the title plant technology and retain sales responsibility for third parties, other than FNF. As a result of the realignment, Black Knight no longer recognizes revenues or expense related to title plant posting and maintenance, but charges FNF a license fee for use of the technology to access and maintain the title plant data. This transaction did not result in any gain or loss. Reclassifications Certain reclassifications have been made in the 2016 Condensed Consolidated Financial Statements (Unaudited) to conform to the classifications used in 2017. These reclassifications have not changed previously reported Net earnings or Total equity. Cash and Cash Equivalents Cash and cash equivalents include the following (in millions): March 31, 2017 December 31, 2016 Unrestricted: Cash $ 76.8 $ 129.8 Cash equivalents 28.5 1.8 Total unrestricted cash and cash equivalents 105.3 131.6 Restricted cash equivalents (1) 2.2 2.3 Total cash and cash equivalents $ 107.5 $ 133.9 _______________ (1) Restricted cash equivalents relate to our subsidiary, I-Net Reinsurance Limited, and are held in trust until the final reinsurance policy is canceled. Trade Receivables, Net A summary of Trade receivables, net of allowance for doubtful accounts, as of March 31, 2017 and December 31, 2016 is as follows (in millions): March 31, 2017 December 31, 2016 Trade receivables — billed $ 119.1 $ 115.4 Trade receivables — unbilled 43.4 42.6 Total trade receivables 162.5 158.0 Allowance for doubtful accounts (2.2 ) (2.2 ) Total trade receivables, net $ 160.3 $ 155.8 Capital Leases Black Knight entered into a one-year capital lease agreement commencing January 1, 2017 with a bargain purchase option for certain computer equipment. The leased equipment has a useful life of five years and will be depreciated on a straight-line basis over this period. The leased equipment was valued based on the net present value of the minimum lease payments, which was $8.4 million (net of imputed interest of $0.1 million ). The gross value of assets subject to capital leases was $18.4 million (net of imputed interest of $0.2 million ) and $10.0 million (net of imputed interest of $0.1 million ) as of March 31, 2017 and December 31, 2016, respectively, and is included in Property and equipment, net on the Condensed Consolidated Balance Sheets (Unaudited). The remaining capital lease obligation of $9.1 million and $5.0 million as of March 31, 2017 and December 31, 2016, respectively, is included in Trade accounts payable and other accrued liabilities on the Condensed Consolidated Balance Sheets (Unaudited). The non-cash investing and financing activity for the three months ended March 31, 2017 was $6.7 million and relates to the unpaid portion of the capital lease that commenced on January 1, 2017. We did not have any capital leases during the three months ended March 31, 2016. Equity-Based Compensation During the first quarter of 2017, Black Knight adopted Accounting Standards Update ("ASU") 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . In connection with the adoption, we made a policy election to account for forfeitures as they occur. The adoption of this ASU did not have a material effect on our business, financial condition or our results of operations. Depreciation and Amortization Depreciation and amortization on the Condensed Consolidated Statements of Earnings and Comprehensive Earnings (Unaudited) include the following (in millions): Three months ended March 31, 2017 2016 Property and equipment $ 7.1 $ 6.9 Computer software 20.5 18.3 Other intangible assets 17.0 17.8 Deferred contract costs 8.2 5.2 Total $ 52.8 $ 48.2 Deferred contract costs amortization for the three months ended March 31, 2017 includes accelerated amortization of $3.3 million related to certain deferred implementation costs. Transition and Integration Costs Transition and integration costs during the three months ended March 31, 2017 represent legal and professional fees related to the planned distribution of FNF's ownership interest in Black Knight. 2016 eLynx Acquisition On May 16, 2016, Black Knight completed the acquisition of eLynx Holdings, Inc. ("eLynx"). The purchase price was allocated to the assets acquired and liabilities assumed based on their estimated fair value at the acquisition date. The fair value of the acquired Computer software and Other intangible assets was determined using a third-party valuation based on significant estimates and assumptions, including level 3 inputs, which are judgmental in nature. These estimates and assumptions include the projected timing and amount of future cash flows, discount rates reflecting the risk inherent in the future cash flows and future market prices. These estimates for the eLynx acquisition were finalized in the first quarter of 2017. Measurement period adjustments to provisional purchase price allocations are recognized in the period in which they are determined, with the effect on earnings of changes in depreciation, amortization or other income resulting from such changes calculated as if the accounting had been completed on the acquisition date. During the three months ended March 31, 2017 , adjustments were recorded to the following (in millions): Goodwill $ 3.0 Computer software (2.6 ) Accrued compensation and benefits (0.3 ) Other intangible assets (0.1 ) The goodwill adjustment of $3.0 million is included in the Technology segment. An adjustment of $0.5 million to Depreciation and amortization was recorded in the three months ended March 31, 2017 related to the changes in provisional values. Recent Accounting Pronouncements Revenue Recognition (ASC Topic 606, Revenue from Contracts with Customers ("ASC 606")) In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"). This ASU supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition . The guidance requires a five-step analysis of transactions to determine when and how revenue is recognized based upon the core principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendment also requires additional disclosures regarding the nature, amount, timing and uncertainty of revenues and cash flows arising from contracts with customers. The FASB has issued several additional ASUs since this time that add additional clarification. All of the new standards are effective for the Company on January 1, 2018. In preparation for adoption of ASC 606, we have formed a project team and engaged a third-party professional services firm to assist us with our evaluation. We are applying an integrated approach to analyzing ASC 606's impact on our pattern of revenue recognition, including a review of accounting policies and practices, evaluating differences from applying the requirements of the new standard to our contracts and business practices and assessing the need for changes to our processes, accounting systems and design of internal controls. Based upon our initial assessment, we currently do not anticipate a material change to the pattern of revenue recognition related to revenue earned from the majority of our Technology segment hosted software arrangements, Data and Analytics segment arrangements with transaction or volume-based fees and perpetual license arrangements in our Technology and Data and Analytics segments. However, due to the complexity of certain of our contracts, including contracts for multiple products and services related to each of our segments, the final determination will be dependent on contract-specific terms. We continue to assess whether ASC 606 will result in a change in the number of distinct performance obligations within our contractual arrangements for set up and implementation services, which may affect the timing of revenue recognition from over the period the services are performed compared to deferring and recognizing over the contract term. Additionally, as ASU 2014-09 includes new accounting principles related to the deferral and amortization of contract acquisition and fulfillment costs, we are evaluating if this will result in any effect to our current capitalization and deferral policies, including related amortization periods. Further, we continue to analyze our term license arrangements across our segments to determine the effect of any changes in revenue recognition treatment. Under ASC 606, we would generally be required to recognize term license revenues upfront at time of delivery rather than ratably over the related contract period. However, the assessment of whether the term license is distinct in certain instances based on the nature of the contract is still ongoing. We are still in the process of quantifying the effects ASC 606 will have on our consolidated financial statements. The standard allows companies to use either a full retrospective or a modified retrospective adoption approach. We currently anticipate adopting the new standard using the modified retrospective transition approach. Our decision to adopt using the modified retrospective transition approach is dependent on the completion of our analysis of the effect the adoption of ASC 606 will have on our results of operations, financial position and related disclosures. Other Accounting Pronouncements In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . This ASU eliminates Step 2 of the goodwill impairment test that required a hypothetical purchase price allocation. Rather, entities should apply the same impairment assessment to all reporting units and recognize an impairment loss for the amount by which a reporting unit's carrying amount exceeds its fair value, without exceeding the total amount of goodwill allocated to that reporting unit. Entities will continue to have the option to perform a qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. This update is effective prospectively for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, or those beginning after January 1, 2017 if early adopted. We do not expect this update to have a material effect on our results of operations or our financial position.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share is computed by dividing Net earnings attributable to Black Knight by the weighted-average number of shares of Class A common stock outstanding during the period. For the periods presented, potentially dilutive securities include unvested restricted stock awards and the shares of Class B common stock. The numerator in the diluted net earnings per share calculation is adjusted to reflect our income tax expense at an expected effective tax rate assuming the conversion of the shares of Class B common stock into shares of Class A common stock on a one -for-one basis. The expected effective tax rate for the three months ended March 31, 2017 and 2016 was 32.8% and 35.4% , respectively. The denominator includes approximately 84.8 million shares of Class B common stock outstanding for the three months ended March 31, 2017 and 2016. The denominator also includes the dilutive effect of approximately 0.5 million and 2.0 million shares of unvested restricted shares of Class A common stock for the three months ended March 31, 2017 and 2016, respectively. The shares of Class B common stock do not share in the earnings or losses of Black Knight and are, therefore, not participating securities. Accordingly, basic and diluted net earnings per share of Class B common stock have not been presented. The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share amounts): Three months ended March 31, 2017 2016 Basic: Net earnings attributable to Black Knight $ 12.2 $ 11.4 Shares used for basic net earnings per share: Weighted average shares of Class A common stock outstanding 67.6 65.8 Basic net earnings per share $ 0.18 $ 0.17 Diluted: Earnings before income taxes $ 39.9 $ 39.3 Income tax expense excluding the effect of noncontrolling interests 13.1 13.9 Net earnings $ 26.8 $ 25.4 Shares used for diluted net earnings per share: Weighted average shares of Class A common stock outstanding 67.6 65.8 Dilutive effect of unvested restricted shares of Class A common stock 0.5 2.0 Weighted average shares of Class B common stock outstanding 84.8 84.8 Weighted average shares of common stock, diluted 152.9 152.6 Diluted net earnings per share $ 0.18 $ 0.17

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions We are party to certain related party agreements, including those with FNF and Thomas H. Lee Partners, L.P. ("THL"). The following table sets forth the ownership interests of FNF, THL and other holders of Black Knight common stock (shares in millions): March 31, 2017 December 31, 2016 Shares Ownership Percentage Shares Ownership Percentage Class A common stock: THL and its affiliates 39.3 25.4 % 39.3 25.5 % Restricted shares 1.9 1.2 % 2.9 1.9 % Other, including those publicly traded 28.7 18.6 % 26.9 17.5 % Total shares of Class A common stock 69.9 45.2 % 69.1 44.9 % Class B common stock: FNF subsidiary 83.3 53.8 % 83.3 54.1 % THL and its affiliates 1.5 1.0 % 1.5 1.0 % Total shares of Class B common stock 84.8 54.8 % 84.8 55.1 % Total common stock outstanding 154.7 100.0 % 153.9 100.0 % Transactions with FNF and THL are described below. FNF We have various agreements with FNF and certain FNF subsidiaries to provide technology, data and analytics services, as well as corporate shared services and information technology. We are also a party to certain other agreements under which we incur other expenses or receive revenues from FNF. A detail of the revenues and expenses, net from FNF is set forth in the table below (in millions). The decrease in Revenues from the prior year period are primarily the result of the Property Insight realignment. Three months ended March 31, 2017 2016 Revenues $ 12.2 $ 16.4 Operating expenses 3.3 3.4 Interest expense (1) 1.0 1.0 _______________ (1) Amounts represent a guarantee fee (see below). We pay to FNF a guarantee fee of 1.0% of the outstanding principal of the Senior Notes (as defined in Note 4 — Long-Term Debt ) in exchange for the ongoing guarantee by FNF of the Senior Notes. During the three months ended March 31, 2017 and 2016 , we recognized $1.0 million in Interest expense related to the guarantee fee. On April 26, 2017, the Senior Notes were redeemed (see Note 4 — Long-Term Debt for further information), and we are no longer required to pay a guarantee fee. FNF subsidiaries held $49.1 million and $49.3 million as of March 31, 2017 and December 31, 2016 , respectively, of principal amount of our Term B Loan (as defined in Note 4 — Long-Term Debt ) from our credit agreement dated May 27, 2015. THL Two managing directors of THL currently serve on our Board of Directors. We purchase software and systems services from certain entities over which THL exercises control. A detail of the expenses, net from THL is set forth in the table below (in millions): Three months ended March 31, 2017 2016 Operating expenses $ 0.1 $ 0.4 Software and software-related purchases — 0.9 Certain affiliates of THL held $39.4 million of principal amount of our Term B Loan (as defined in Note 4 — Long-Term Debt ) as of December 31, 2016 from our credit agreement dated May 27, 2015. They did not hold any of our debt as of March 31, 2017. Revenues and Expenses A detail of related party items included in Revenues is as follows (in millions): Three months ended March 31, 2017 2016 Data and analytics services $ 4.4 $ 10.4 Servicing, origination and default technology services 7.8 6.0 Total related party revenues $ 12.2 $ 16.4 A detail of related party items included in Operating expenses (net of expense reimbursements) is as follows (in millions): Three months ended March 31, 2017 2016 Data entry, indexing services and other operating expenses $ 1.4 $ 2.3 Corporate services 2.5 2.3 Technology and corporate services (0.5 ) (0.8 ) Total related party expenses, net $ 3.4 $ 3.8 Additionally, related party prepaid fees were less than $0.1 million and $0.1 million as of March 31, 2017 and December 31, 2016 , respectively, which are included in Prepaid expenses and other current assets on the Condensed Consolidated Balance Sheets (Unaudited). Finally, related party deferred revenues were $2.8 million as of March 31, 2017 , which are included in current Deferred Revenues on the Condensed Consolidated Balance Sheets (Unaudited). We believe the amounts earned from or charged by us under each of the foregoing arrangements are fair and reasonable. We believe our service arrangements are priced within the range of prices we offer to third parties, except for certain corporate services provided to an FNF subsidiary and certain corporate services provided by FNF, which are at cost. However, the amounts we earned or that were charged under these arrangements were not negotiated at arm's length, and may not represent the terms that we might have obtained from an unrelated third party.

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consisted of the following (in millions): March 31, 2017 December 31, 2016 Principal Debt Issuance Costs Premium (Discount) Total Principal Debt Issuance Costs Premium (Discount) Total Term A Loan $ 730.0 $ (6.4 ) $ — $ 723.6 $ 740.0 $ (7.0 ) $ — $ 733.0 Term B Loan 393.0 (2.9 ) (0.7 ) 389.4 394.0 (3.4 ) (0.8 ) 389.8 Revolving Credit Facility 50.0 (3.4 ) — 46.6 50.0 (3.7 ) — 46.3 Senior Notes, issued at par 390.0 — 10.7 400.7 390.0 — 11.1 401.1 Total long-term debt 1,563.0 (12.7 ) 10.0 1,560.3 1,574.0 (14.1 ) 10.3 1,570.2 Less: Current portion of long-term debt 74.0 (0.6 ) — 73.4 64.0 (0.6 ) — 63.4 Long-term debt, net of current portion $ 1,489.0 $ (12.1 ) $ 10.0 $ 1,486.9 $ 1,510.0 $ (13.5 ) $ 10.3 $ 1,506.8 Principal maturities as of March 31, 2017 for each of the next five years and thereafter are as follows (in millions): 2017 (remaining) $ 53.0 2018 84.0 2019 104.0 2020 554.0 2021 4.0 Thereafter 764.0 Total $ 1,563.0 Scheduled maturities noted above exclude the effect of the debt issuance costs of $12.7 million as well as $10.0 million net unamortized debt premium. Credit Agreement On May 27, 2015, our indirect subsidiary, Black Knight InfoServ, LLC ("BKIS"), entered into a credit and guaranty agreement (the "Credit Agreement") with JPMorgan Chase Bank, N.A., as administrative agent, the guarantors party thereto and the other agents and lenders party thereto. The Credit Agreement provided for (i) an $800.0 million term loan A facility (the "Term A Loan"), (ii) a $400.0 million term loan B facility (the "Term B Loan") and (iii) a $400.0 million revolving credit facility (the "Revolving Credit Facility", and collectively with the Term A Loan and Term B Loan, the "Facilities"). The Facilities are guaranteed by substantially all of BKIS's wholly-owned domestic restricted subsidiaries and BKFS LLC, and are secured by associated collateral agreements that pledge a lien on virtually all of BKIS's assets, including fixed assets and intangible assets, and the assets of the guarantors. On February 27, 2017, BKIS entered into a First Amendment to Credit and Guaranty Agreement (the "Credit Agreement First Amendment") with JPMorgan Chase Bank, N.A. as administrative agent. Pursuant to the Credit Agreement First Amendment, the Term B Loan bears interest at rates based upon, at the option of BKIS, either (i) the base rate plus a margin of 125 basis points, or (ii) the Eurodollar rate plus a margin of 225 basis points, subject to a Eurodollar rate floor of 75 basis points. The Term B Loan matures on May 27, 2022. In addition, the Credit Agreement First Amendment permits the Distribution Plan. As of March 31, 2017 , the Term A Loan and the Revolving Credit Facility bear interest at the Eurodollar rate plus a margin of 200 basis points, and the Term B Loan bears interest at the Eurodollar rate plus a margin of 225 basis points, subject to a Eurodollar rate floor of 75 basis points. As of March 31, 2017 , we have $350.0 million capacity on the Revolving Credit Facility and pay an unused commitment fee of 30 basis points. During the three months ended March 31, 2017 , there were no incremental borrowings or payments on our Revolving Credit Facility. As of March 31, 2017 , the interest rates on the Term A Loan, Term B Loan and Revolving Credit Facility were 3.00% , 3.25% and 3.00% , respectively. Debt Refinancing On April 26, 2017, BKIS entered into a Second Amendment to Credit and Guaranty Agreement (the “Credit Agreement Second Amendment”) with the JPMorgan Chase Bank, N.A. as administrative agent, the guarantors party thereto, the other agents party thereto and the lenders party thereto. The Credit Agreement Second Amendment increases (i) the aggregate principal amount of the Term A Loan by $300.0 million to $1,030.0 million and (ii) the aggregate principal amount of commitments under the Revolving Credit Facility by $100.0 million to $500.0 million . The Credit Agreement Second Amendment also reduces the pricing applicable to the loans under the Term A Facility and Revolving Credit Facility by 25 basis points and reduces the unused commitment fee applicable to the Revolving Credit Facility by 5 basis points. The Term A Loan and Revolving Credit Facility bear interest at rates based upon, at the option of BKIS, either (i) the base rate plus a margin of between 25 and 100 basis points depending on the total leverage ratio of BKFS LLC and its restricted subsidiaries on a consolidated basis (the “Consolidated Leverage Ratio”) and (ii) the Eurodollar rate plus a margin of between 125 and 200 basis points depending on the Consolidated Leverage Ratio, subject to a Eurodollar rate floor of zero basis points. In addition, BKIS will pay an unused commitment fee of between 15 and 30 basis points on the undrawn commitments under the Revolving Credit Facility, also depending on the Consolidated Leverage Ratio. Pursuant to the terms of the Credit Agreement Second Amendment, the Term A Loan and the Revolving Credit Facility mature on February 25, 2022. Senior Notes Through April 25, 2017, BKIS had 5.75% Senior Notes, interest paid semi-annually, which were scheduled to mature on April 15, 2023 (the "Senior Notes"). The Senior Notes were senior unsecured obligations, registered under the Securities Act and contained customary affirmative, negative and financial covenants, and events of default for indebtedness of this type (with grace periods, as applicable, and lender remedies). On April 26, 2017, we redeemed the outstanding Senior Notes at a price of 104.825% (the "Redemption") and paid $0.7 million in accrued interest. Fair Value of Long-Term Debt The fair value of the Senior Notes as of March 31, 2017 was $408.5 million ( 104.75% of par value), based upon established market prices for the securities using level 2 inputs. The fair value of our Facilities approximates their carrying value at March 31, 2017 . The fair value of our Facilities is based upon established market prices for the securities using level 2 inputs. Interest Rate Swaps On March 7, 2017, we entered into an interest rate swap agreement to hedge forecasted monthly interest rate payments on $200.0 million of our floating rate debt (the "March 2017 Swap Agreement"). Under the terms of the March 2017 Swap Agreement, we receive payments based on the 1-month LIBOR rate (equal to 1.00% as of March 31, 2017) and pay a fixed rate of 2.08% . The effective term for the March 2017 Swap Agreement is March 31, 2017 through March 31, 2022. On January 20, 2016, we entered into two interest rate swap agreements to hedge forecasted monthly interest rate payments on $400.0 million of our floating rate debt ( $200.0 million notional value each) (the "January 2016 Swap Agreements", and together with the March 2017 Swap Agreement, the "Swap Agreements"). Under the terms of the January 2016 Swap Agreements, we receive payments based on the 1-month LIBOR rate (equal to 1.00% as of March 31, 2017 ) and pay a weighted average fixed rate of 1.01% . The effective term for the January 2016 Swap Agreements is February 1, 2016 through January 31, 2019. We entered into the Swap Agreements to convert a portion of the interest rate exposure on our floating rate debt from variable to fixed. We designated these Swap Agreements as cash flow hedges. A portion of the amount included in Accumulated other comprehensive loss is reclassified into Interest expense as a yield adjustment as interest payments are made on the hedged debt. The fair value of our Swap Agreements is based upon level 2 inputs. We have considered our own credit risk when determining the fair value of our Swap Agreements. The estimated fair values of our Swap Agreements are as follows (in millions): Balance Sheet Account March 31, 2017 December 31, 2016 Other non-current liabilities $ 4.8 $ 2.2 As of March 31, 2017 , a cumulative loss of $2.2 million ( $1.3 million net of tax) is reflected in Accumulated other comprehensive loss, and a cumulative loss of $2.6 million is reflected in Noncontrolling interests. As of December 31, 2016 , a cumulative loss of $1.0 million ( $0.6 million net of tax) is reflected in Accumulated other comprehensive loss, and a cumulative loss of $1.2 million is reflected in Noncontrolling interests. Below is a summary of the effect of derivative instruments on amounts recognized in other comprehensive earnings ("OCE") on the accompanying Condensed Consolidated Statements of Earnings and Comprehensive Earnings (Unaudited) for the three months ended March 31, 2017 and 2016 (in millions): Three months ended March 31, 2017 Three months ended March 31, 2016 Amount of Loss Amount of Loss Reclassified from Accumulated OCE Amount of Loss Amount of Loss Reclassified from Accumulated OCE Swap agreements Attributable to noncontrolling interests $ (1.6 ) $ 0.2 $ (1.3 ) $ 0.2 Attributable to Black Knight Financial Services, Inc. (0.8 ) 0.1 (0.7 ) 0.1 Total $ (2.4 ) $ 0.3 $ (2.0 ) $ 0.3 Approximately $0.7 million ( $0.6 million net of tax) of the balance in Accumulated other comprehensive loss and Noncontrolling interests as of March 31, 2017 is expected to be reclassified into Interest expense over the next 12 months. It is our policy to execute such instruments with credit-worthy banks and not to enter into derivative financial instruments for speculative purposes. As of March 31, 2017 , we believe our interest rate swap counterparties will be able to fulfill their obligations under our agreements, and we believe we will have debt outstanding through the various expiration dates of the swaps such that the occurrence of future cash flow hedges remains probable.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes As of March 31, 2017 and December 31, 2016 , we had no uncertain tax positions. We record interest and penalties related to income taxes, if any, as a component of Income tax expense. Our effective tax rate for the three months ended March 31, 2017 and 2016 was 15.0% and 15.8% , respectively. These rates are lower than the typical federal and state statutory rate because of the effect of our noncontrolling interests. The effect on adoption of ASU 2016-09 was a benefit of $0.5 million for the three months ended March 31, 2017 related to the income tax effects of awards that vested. Tax Distributions The taxable income of BKFS LLC is allocated to its members, including Black Knight, and the members are required to reflect on their own income tax returns the items of income, gain, deduction and loss and other tax items of BKFS LLC that are allocated to them. BKFS LLC makes tax distributions to its members in order to enable them to pay taxes on their allocable share of BKFS LLC's taxable income. Tax distributions are calculated based on allocations of income to a member for a particular taxable year without taking into account any losses allocated to the member in a prior taxable year. This practice is consistent with IRS regulations. Subject to certain reductions, tax distributions are generally made based on an assumed tax rate equal to the highest combined marginal federal, state and local income tax rate applicable to a U.S. corporation. BKFS LLC made tax distributions of $38.0 million and $48.0 million during the three months ended March 31, 2017 and 2016 , respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal and Regulatory Matters In the ordinary course of business, we are involved in various pending and threatened litigation and regulatory matters related to our operations, some of which include claims for punitive or exemplary damages. Our ordinary course litigation includes purported class action lawsuits, which make allegations related to various aspects of our business. From time to time, we also receive requests for information from various state and federal regulatory authorities, some of which take the form of civil investigative demands or subpoenas. Some of these regulatory inquiries may result in the assessment of fines for violations of regulations or settlements with such authorities requiring a variety of remedies. We believe that none of these actions depart from customary litigation or regulatory inquiries incidental to our business. We review lawsuits and other legal and regulatory matters (collectively “legal proceedings”) on an ongoing basis when making accrual and disclosure decisions. When assessing reasonably possible and probable outcomes, management bases its decision on its assessment of the ultimate outcome assuming all appeals have been exhausted. For legal proceedings where it has been determined that a loss is both probable and reasonably estimable, a liability based on known facts and which represents our best estimate has been recorded. Actual losses may materially differ from the amounts recorded and the ultimate outcome of our pending cases is generally not yet determinable. While some of these matters could be material to our operating results or cash flows for any particular period if an unfavorable outcome results, at present we do not believe that the ultimate resolution of currently pending legal proceedings, either individually or in the aggregate, will have a material adverse effect on our financial condition. Indemnifications and Warranties We often agree to indemnify our clients against damages and costs resulting from claims of patent, copyright, trademark infringement or breaches of confidentiality associated with use of our software through software licensing agreements. Historically, we have not made any payments under such indemnifications, but continue to monitor the conditions that are subject to the indemnifications to identify whether a loss has occurred that is both probable and estimable that would require recognition. In addition, we warrant to clients that our software operates substantially in accordance with the software specifications. Historically, no costs have been incurred related to software warranties and none are expected in the future, and as such, no accruals for warranty costs have been made. Indemnification Agreement We are party to a cross-indemnity agreement dated December 22, 2014 with ServiceLink Holdings, LLC ("ServiceLink"). Pursuant to this agreement, ServiceLink indemnifies us from liabilities relating to, arising out of or resulting from the conduct of ServiceLink's business or any action, suit or proceeding in which we or any of our subsidiaries are named by reason of being a successor to the business of Lender Processing Services, Inc. and the cause of such action, suit or proceeding relates to the business of ServiceLink. In return, we indemnify ServiceLink for liabilities relating to, arising out of, or resulting from the conduct of our business.

Equity-Based Compensation

Equity-Based Compensation	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity-Based Compensation	Equity-Based Compensation On February 3, 2017, we granted 884,570 restricted shares of our Class A common stock with a grant date fair value of $37.90 per share, which was based on the closing price of our common stock on the date of grant. Of the 884,570 restricted shares granted, 203,160 restricted shares vest over a three -year period and 681,410 restricted shares vest over a four -year period. The vesting of all the restricted shares granted on February 3, 2017 is also based on certain operating performance criteria. Restricted stock transactions in 2017 are as follows: Shares Weighted Averaged Grant Date Fair Value Balance, December 31, 2016 2,908,374 * Granted 884,570 $ 37.90 Forfeited (14,581 ) $ 28.29 Vested (1,831,024 ) * Balance, March 31, 2017 1,947,339 * ______________________________ * The BKFS LLC profits interest units that were converted into restricted shares in connection with our initial public offering had a weighted average grant date fair value of $2.10 per unit. The fair value of the restricted shares at the date of conversion, May 20, 2015, was $24.50 per share. The original grant date fair value of the vested restricted shares, which were originally granted as profits interests units, was $2.01 per unit. Equity-based compensation expense was $5.2 million and $2.7 million for the three months ended March 31, 2017 and 2016 , respectively. These expenses are included in Operating expenses in the Condensed Consolidated Statements of Earnings and Comprehensive Earnings (Unaudited). Total unrecognized compensation cost was $52.8 million as of March 31, 2017 and is expected to be recognized over a weighted average period of approximately 3.1 years.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Segment Information	Segment Information ASC Topic 280, Segment Reporting ("ASC 280") establishes standards for reporting information about segments and requires that a public business enterprise reports financial and descriptive information about its segments. Segments are components of an enterprise for which separate financial information is available and are evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. Black Knight’s president and chief executive officer is identified as the CODM as defined by ASC 280. To align with the internal management of our business operations based on service offerings, our business is organized into two segments: • Technology - offers software and hosting solutions that support loan servicing, loan origination and settlement services. • Data and Analytics - offers data and analytics solutions to the mortgage, real estate and capital markets industries. These solutions include property ownership data, lien data, servicing data, automated valuation models, collateral risk scores, prepayment and default models, lead generation and other data solutions. Separate discrete financial information is available for these two segments and the operating results of each segment are regularly evaluated by the CODM in order to assess performance and allocate resources. We use EBITDA as the primary profitability measure for making decisions regarding ongoing operations. EBITDA is earnings before Interest expense, Income tax expense and the Depreciation and amortization of Property and equipment, Computer software, Other intangible assets and deferred contract costs. We do not allocate Interest expense, Other expense, net, Income tax expense, equity-based compensation and certain other items, such as purchase accounting adjustments and acquisition-related costs to the segments, since these items are not considered in evaluating the segments' overall operating performance. Summarized financial information concerning our segments is shown in the tables below (in millions). Prior period results have been reclassified to conform to the current segment presentation. We have reclassified purchase accounting adjustments from the Technology and Data and Analytics segments to Corporate and Other to provide a better indication of ongoing segment performance. Three months ended March 31, 2017 Technology Data and Analytics Corporate and Other Total Revenues $ 220.6 $ 38.9 $ (1.4 ) (1) $ 258.1 Expenses: Operating expenses 93.7 33.5 18.3 145.5 Transition and integration costs — — 1.2 1.2 EBITDA 126.9 5.4 (20.9 ) 111.4 Depreciation and amortization 27.1 3.5 22.2 (2) 52.8 Operating income (loss) 99.8 1.9 (43.1 ) 58.6 Interest expense (16.7 ) Other expense, net (2.0 ) Earnings before income taxes 39.9 Income tax expense 6.0 Net earnings $ 33.9 Balance sheet data: Total assets $ 3,193.7 $ 356.0 $ 182.2 $ 3,731.9 Goodwill $ 2,115.0 $ 191.8 $ — $ 2,306.8 _______________________________________________________ (1) Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP. (2) Depreciation and amortization for Corporate and Other primarily represents net incremental depreciation and amortization adjustments associated with the application of purchase accounting recorded in accordance with GAAP. Three months ended March 31, 2016 Technology Data and Analytics Corporate and Other Total Revenues $ 202.4 $ 41.8 $ (2.3 ) (1) $ 241.9 Expenses: Operating expenses 87.0 35.0 14.8 136.8 Transition and integration costs — — — — EBITDA 115.4 6.8 (17.1 ) 105.1 Depreciation and amortization 25.4 2.1 20.7 (2) 48.2 Operating income (loss) 90.0 4.7 (37.8 ) 56.9 Interest expense (16.8 ) Other expense, net (0.8 ) Earnings before income taxes 39.3 Income tax expense 6.2 Net earnings $ 33.1 Balance sheet data: Total assets $ 3,115.7 $ 314.2 $ 203.6 $ 3,633.5 Goodwill $ 2,048.0 $ 172.1 $ — $ 2,220.1 _______________________________________________________ (1) Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP. (2) Depreciation and amortization for Corporate and Other primarily represents net incremental depreciation and amortization adjustments associated with the application of purchase accounting recorded in accordance with GAAP.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting	The accompanying Condensed Consolidated Financial Statements (Unaudited) were prepared in accordance with U.S. generally accepted accounting principles ("GAAP"), and all adjustments considered necessary for a fair presentation have been included.
Use of Estimates	The preparation of these Condensed Consolidated Financial Statements (Unaudited) in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the Condensed Consolidated Financial Statements (Unaudited), as well as the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Consolidation	BKFS LLC is subject to the consolidation guidance related to variable interest entities as set forth in Accounting Standards Codification ("ASC") Topic 810, Consolidation ("ASC 810"). Black Knight, as the sole managing member of BKFS LLC, has the exclusive authority to manage, control and operate the business and affairs of BKFS LLC and its subsidiaries, pursuant to the terms of the Second Amended and Restated Limited Liability Company Agreement ("LLC Agreement"). Under the terms of the LLC Agreement, Black Knight is authorized to manage the business of BKFS LLC, including the authority to enter into contracts, manage bank accounts, hire employees and agents, incur and pay debts and expenses, merge or consolidate with other entities and pay taxes. Because Black Knight is the primary beneficiary through its sole managing member interest and possesses the rights established in the LLC Agreement, in accordance with the requirements of ASC 810, Black Knight controls BKFS LLC and appropriately consolidates the operations thereof. We account for noncontrolling interests in accordance with ASC 810. Our Class A shareholders indirectly control BKFS LLC through our managing member interest. Our Class B shareholders have a noncontrolling interest in BKFS LLC. Their share of equity in BKFS LLC is reflected in Noncontrolling interests in our Condensed Consolidated Balance Sheets (Unaudited) and their share of net earnings or loss in BKFS LLC is reported in Net earnings attributable to noncontrolling interests in our Condensed Consolidated Statements of Earnings and Comprehensive Earnings (Unaudited). Net earnings attributable to noncontrolling interests do not include expenses incurred directly by Black Knight, including income tax expense attributable to Black Knight.
Recent Accounting Pronouncements	Other Accounting Pronouncements In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . This ASU eliminates Step 2 of the goodwill impairment test that required a hypothetical purchase price allocation. Rather, entities should apply the same impairment assessment to all reporting units and recognize an impairment loss for the amount by which a reporting unit's carrying amount exceeds its fair value, without exceeding the total amount of goodwill allocated to that reporting unit. Entities will continue to have the option to perform a qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. This update is effective prospectively for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, or those beginning after January 1, 2017 if early adopted. We do not expect this update to have a material effect on our results of operations or our financial position.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Cash and Cash Equivalents	Cash and cash equivalents include the following (in millions): March 31, 2017 December 31, 2016 Unrestricted: Cash $ 76.8 $ 129.8 Cash equivalents 28.5 1.8 Total unrestricted cash and cash equivalents 105.3 131.6 Restricted cash equivalents (1) 2.2 2.3 Total cash and cash equivalents $ 107.5 $ 133.9 _______________ (1) Restricted cash equivalents relate to our subsidiary, I-Net Reinsurance Limited, and are held in trust until the final reinsurance policy is canceled.
Trade Receivables, Net	A summary of Trade receivables, net of allowance for doubtful accounts, as of March 31, 2017 and December 31, 2016 is as follows (in millions): March 31, 2017 December 31, 2016 Trade receivables — billed $ 119.1 $ 115.4 Trade receivables — unbilled 43.4 42.6 Total trade receivables 162.5 158.0 Allowance for doubtful accounts (2.2 ) (2.2 ) Total trade receivables, net $ 160.3 $ 155.8
Schedule of Depreciation and Amortization	Depreciation and amortization on the Condensed Consolidated Statements of Earnings and Comprehensive Earnings (Unaudited) include the following (in millions): Three months ended March 31, 2017 2016 Property and equipment $ 7.1 $ 6.9 Computer software 20.5 18.3 Other intangible assets 17.0 17.8 Deferred contract costs 8.2 5.2 Total $ 52.8 $ 48.2
Acquisition-related Adjustments	During the three months ended March 31, 2017 , adjustments were recorded to the following (in millions): Goodwill $ 3.0 Computer software (2.6 ) Accrued compensation and benefits (0.3 ) Other intangible assets (0.1 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share amounts): Three months ended March 31, 2017 2016 Basic: Net earnings attributable to Black Knight $ 12.2 $ 11.4 Shares used for basic net earnings per share: Weighted average shares of Class A common stock outstanding 67.6 65.8 Basic net earnings per share $ 0.18 $ 0.17 Diluted: Earnings before income taxes $ 39.9 $ 39.3 Income tax expense excluding the effect of noncontrolling interests 13.1 13.9 Net earnings $ 26.8 $ 25.4 Shares used for diluted net earnings per share: Weighted average shares of Class A common stock outstanding 67.6 65.8 Dilutive effect of unvested restricted shares of Class A common stock 0.5 2.0 Weighted average shares of Class B common stock outstanding 84.8 84.8 Weighted average shares of common stock, diluted 152.9 152.6 Diluted net earnings per share $ 0.18 $ 0.17

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2017
Related Party Transaction [Line Items]
Schedule of related party items	A detail of related party items included in Revenues is as follows (in millions): Three months ended March 31, 2017 2016 Data and analytics services $ 4.4 $ 10.4 Servicing, origination and default technology services 7.8 6.0 Total related party revenues $ 12.2 $ 16.4 A detail of related party items included in Operating expenses (net of expense reimbursements) is as follows (in millions): Three months ended March 31, 2017 2016 Data entry, indexing services and other operating expenses $ 1.4 $ 2.3 Corporate services 2.5 2.3 Technology and corporate services (0.5 ) (0.8 ) Total related party expenses, net $ 3.4 $ 3.8 We are party to certain related party agreements, including those with FNF and Thomas H. Lee Partners, L.P. ("THL"). The following table sets forth the ownership interests of FNF, THL and other holders of Black Knight common stock (shares in millions): March 31, 2017 December 31, 2016 Shares Ownership Percentage Shares Ownership Percentage Class A common stock: THL and its affiliates 39.3 25.4 % 39.3 25.5 % Restricted shares 1.9 1.2 % 2.9 1.9 % Other, including those publicly traded 28.7 18.6 % 26.9 17.5 % Total shares of Class A common stock 69.9 45.2 % 69.1 44.9 % Class B common stock: FNF subsidiary 83.3 53.8 % 83.3 54.1 % THL and its affiliates 1.5 1.0 % 1.5 1.0 % Total shares of Class B common stock 84.8 54.8 % 84.8 55.1 % Total common stock outstanding 154.7 100.0 % 153.9 100.0 %
FNF [Member]
Related Party Transaction [Line Items]
Schedule of related party items	A detail of the revenues and expenses, net from FNF is set forth in the table below (in millions). The decrease in Revenues from the prior year period are primarily the result of the Property Insight realignment. Three months ended March 31, 2017 2016 Revenues $ 12.2 $ 16.4 Operating expenses 3.3 3.4 Interest expense (1) 1.0 1.0 _______________ (1) Amounts represent a guarantee fee (see below).
THL [Member]
Related Party Transaction [Line Items]
Schedule of related party items	A detail of the expenses, net from THL is set forth in the table below (in millions): Three months ended March 31, 2017 2016 Operating expenses $ 0.1 $ 0.4 Software and software-related purchases — 0.9

Long-Term Debt Long-Term Debt (

Long-Term Debt Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consisted of the following (in millions): March 31, 2017 December 31, 2016 Principal Debt Issuance Costs Premium (Discount) Total Principal Debt Issuance Costs Premium (Discount) Total Term A Loan $ 730.0 $ (6.4 ) $ — $ 723.6 $ 740.0 $ (7.0 ) $ — $ 733.0 Term B Loan 393.0 (2.9 ) (0.7 ) 389.4 394.0 (3.4 ) (0.8 ) 389.8 Revolving Credit Facility 50.0 (3.4 ) — 46.6 50.0 (3.7 ) — 46.3 Senior Notes, issued at par 390.0 — 10.7 400.7 390.0 — 11.1 401.1 Total long-term debt 1,563.0 (12.7 ) 10.0 1,560.3 1,574.0 (14.1 ) 10.3 1,570.2 Less: Current portion of long-term debt 74.0 (0.6 ) — 73.4 64.0 (0.6 ) — 63.4 Long-term debt, net of current portion $ 1,489.0 $ (12.1 ) $ 10.0 $ 1,486.9 $ 1,510.0 $ (13.5 ) $ 10.3 $ 1,506.8
Schedule of Maturities of Long-term Debt	Principal maturities as of March 31, 2017 for each of the next five years and thereafter are as follows (in millions): 2017 (remaining) $ 53.0 2018 84.0 2019 104.0 2020 554.0 2021 4.0 Thereafter 764.0 Total $ 1,563.0

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	Restricted stock transactions in 2017 are as follows: Shares Weighted Averaged Grant Date Fair Value Balance, December 31, 2016 2,908,374 * Granted 884,570 $ 37.90 Forfeited (14,581 ) $ 28.29 Vested (1,831,024 ) * Balance, March 31, 2017 1,947,339 * ______________________________ * The BKFS LLC profits interest units that were converted into restricted shares in connection with our initial public offering had a weighted average grant date fair value of $2.10 per unit. The fair value of the restricted shares at the date of conversion, May 20, 2015, was $24.50 per share. The original grant date fair value of the vested restricted shares, which were originally granted as profits interests units, was $2.01 per unit.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Schedule of Summarized Segment Financial Information	Three months ended March 31, 2017 Technology Data and Analytics Corporate and Other Total Revenues $ 220.6 $ 38.9 $ (1.4 ) (1) $ 258.1 Expenses: Operating expenses 93.7 33.5 18.3 145.5 Transition and integration costs — — 1.2 1.2 EBITDA 126.9 5.4 (20.9 ) 111.4 Depreciation and amortization 27.1 3.5 22.2 (2) 52.8 Operating income (loss) 99.8 1.9 (43.1 ) 58.6 Interest expense (16.7 ) Other expense, net (2.0 ) Earnings before income taxes 39.9 Income tax expense 6.0 Net earnings $ 33.9 Balance sheet data: Total assets $ 3,193.7 $ 356.0 $ 182.2 $ 3,731.9 Goodwill $ 2,115.0 $ 191.8 $ — $ 2,306.8 _______________________________________________________ (1) Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP. (2) Depreciation and amortization for Corporate and Other primarily represents net incremental depreciation and amortization adjustments associated with the application of purchase accounting recorded in accordance with GAAP. Three months ended March 31, 2016 Technology Data and Analytics Corporate and Other Total Revenues $ 202.4 $ 41.8 $ (2.3 ) (1) $ 241.9 Expenses: Operating expenses 87.0 35.0 14.8 136.8 Transition and integration costs — — — — EBITDA 115.4 6.8 (17.1 ) 105.1 Depreciation and amortization 25.4 2.1 20.7 (2) 48.2 Operating income (loss) 90.0 4.7 (37.8 ) 56.9 Interest expense (16.8 ) Other expense, net (0.8 ) Earnings before income taxes 39.3 Income tax expense 6.2 Net earnings $ 33.1 Balance sheet data: Total assets $ 3,115.7 $ 314.2 $ 203.6 $ 3,633.5 Goodwill $ 2,048.0 $ 172.1 $ — $ 2,220.1 _______________________________________________________ (1) Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP. (2) Depreciation and amortization for Corporate and Other primarily represents net incremental depreciation and amortization adjustments associated with the application of purchase accounting recorded in accordance with GAAP.

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)segmentshares	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)
Schedule of Depreciation and Amortization Expense [Line Items]
Goodwill	$ 3
Number of reporting segments | segment	2
Cash	$ 76.8		$ 129.8
Cash equivalents	28.5		1.8
Total unrestricted cash and cash equivalents	105.3		131.6
Restricted cash equivalents	2.2		2.3
Total cash and cash equivalents	107.5	$ 118.3	133.9	$ 186
Allowance for Doubtful Accounts
Allowance for doubtful accounts	2.2		$ 2.2
Depreciation and Amortization
Deferred contract costs	8.2	5.2
Total	52.8	48.2
Accelerated amortization of deferred charges	3.3
Property, Plant and Equipment [Member]
Depreciation and Amortization
Total	7.1	6.9
Computer Software, Intangible Asset [Member]
Depreciation and Amortization
Total	20.5	18.3
Other Intangible Assets [Member]
Depreciation and Amortization
Total	17	$ 17.8
Acquisition adjustments [Member]
Depreciation and Amortization
Total	0.5
Technology Segment [Member]
Schedule of Depreciation and Amortization Expense [Line Items]
Goodwill	$ 3
Common Class B [Member] | FNF subsidiaries [Member]
Schedule of Depreciation and Amortization Expense [Line Items]
Noncontrolling interest, shares owned by noncontrolling owners | shares	83.3		83.3

Basis of Presentation - Capital

Basis of Presentation - Capital Lease (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Interest included in payments	$ 0.2	$ 0.1
Capital lease obligations	18.4	10
Capital lease obligations, current	9.1	$ 5
Unpaid portion of capital lease	$ 6.7
Assets Held under Capital Leases [Member]
Property, Plant and Equipment [Line Items]
Leased equipment useful life	5 years
Interest included in payments	$ 0.1
Capital lease obligations	$ 8.4

Basis of Presentation - Trade R

Basis of Presentation - Trade Receivable, Net (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total trade receivables	$ 162.5	$ 158
Allowance for doubtful accounts	(2.2)	(2.2)
Total trade receivables, net	160.3	155.8
Trade receivables — billed
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total trade receivables	119.1	115.4
Trade receivables — unbilled
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total trade receivables	$ 43.4	$ 42.6

Basis of Presentation - Acquisi

Basis of Presentation - Acquisition-related Adjustments (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Goodwill	$ 3
Computer software	(2.6)
Accrued compensation and benefits	(0.3)
Other intangible assets	$ (0.1)

Earnings Per Share - Additiona

Earnings Per Share - Additional Disclosures (Details) shares in Millions	3 Months Ended
	Mar. 31, 2017shares	Mar. 31, 2016shares
Class of Stock [Line Items]
Conversion of shares	1
Expected effective tax rate	32.77%	35.40%
Common Class A [Member]
Class of Stock [Line Items]
Weighted average shares of common stock outstanding (in shares)	67.6	65.8
Dilutive effect of unvested restricted shares of Class A common stock (in share)	0.5	2
Common Class B [Member]
Class of Stock [Line Items]
Weighted average shares of common stock outstanding (in shares)	84.8	84.8

Earnings Per Share - Computati

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Basic:
Net earnings attributable to Black Knight	$ 12.2	$ 11.4
Diluted:
Earnings before income taxes	39.9	39.3
Income tax expense excluding the effect of noncontrolling interests	13.1	13.9
Net earnings	$ 26.8	$ 25.4
Common Class A [Member]
Basic:
Weighted average shares of common stock outstanding (in shares)	67.6	65.8
Basic net earnings per share (in dollars per share)	$ 0.18	$ 0.17
Shares used for diluted net earnings per share:
Weighted average shares of common stock outstanding (in shares)	67.6	65.8
Dilutive effect of unvested restricted shares of Class A common stock (in share)	0.5	2
Weighted average shares of common stock, diluted (in shares)	152.9	152.6
Diluted net earnings per share (in dollars per share)	$ 0.18	$ 0.17
Common Class B [Member]
Basic:
Weighted average shares of common stock outstanding (in shares)	84.8	84.8
Shares used for diluted net earnings per share:
Weighted average shares of common stock outstanding (in shares)	84.8	84.8

Related Party Transactions - O

Related Party Transactions - Ownership Interests in Black Knight (Details) - shares	Mar. 31, 2017	Dec. 31, 2016
Class of Stock [Line Items]
Common Stock, Percent Of Total Common Stock, Outstanding	100.00%	100.00%
Common stock, shares outstanding	154,700,000	153,900,000
Common Class A [Member]
Class of Stock [Line Items]
Common Stock, Percent Of Total Common Stock, Outstanding	45.20%	44.90%
Common stock, shares outstanding	69,851,479	69,091,008
Common Class A [Member] | THL and its affiliates [Member]
Class of Stock [Line Items]
Noncontrolling interest, shares owned by noncontrolling owners	39,300,000	39,300,000
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	25.40%	25.50%
Common Class A [Member] | Restricted Stock [Member]
Class of Stock [Line Items]
Noncontrolling interest, shares owned by noncontrolling owners	1,900,000	2,900,000
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	1.20%	1.90%
Common Class A [Member] | Other owners of class A common stock [Member]
Class of Stock [Line Items]
Noncontrolling interest, shares owned by noncontrolling owners	28,700,000	26,900,000
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	18.60%	17.50%
Common Class B [Member]
Class of Stock [Line Items]
Common Stock, Percent Of Total Common Stock, Outstanding	54.80%	55.10%
Common stock, shares outstanding	84,826,282	84,826,282
Common Class B [Member] | THL and its affiliates [Member]
Class of Stock [Line Items]
Noncontrolling interest, shares owned by noncontrolling owners	1,500,000	1,500,000
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	1.00%	1.00%
Common Class B [Member] | FNF subsidiaries [Member]
Class of Stock [Line Items]
Noncontrolling interest, shares owned by noncontrolling owners	83,300,000	83,300,000
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	53.80%	54.10%

Related Party Transactions - FN

Related Party Transactions - FNF (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Related Party Transaction [Line Items]
Related party revenues	$ 12.2	$ 16.4
Related party expenses, net	3.4	3.8
FNF [Member]
Related Party Transaction [Line Items]
Related party revenues	12.2	16.4
Related party interest expense	1	1
FNF [Member] | Medium-term Notes [Member] | Term Loan B [Member]
Related Party Transaction [Line Items]
Related party notes	49.1		$ 49.3
FNF [Member] | Senior Notes [Member] | 5.75% Senior Notes [Member]
Related Party Transaction [Line Items]
Related party interest expense	$ 1
FNF [Member] | Senior Notes [Member] | 5.75% Senior Notes [Member] | Guarantee Fee from May 26, 2015 - October 2017 [Member]
Related Party Transaction [Line Items]
Guarantee fee, percent of outstanding principal	1.00%
FNF [Member] | Operating Expenses [Member]
Related Party Transaction [Line Items]
Related party expenses, net	$ 3.3	$ 3.4

Related Party Transactions - TH

Related Party Transactions - THL (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)director	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Related Party Transaction [Line Items]
Related party expenses, net	$ 3.4	$ 3.8
THL [Member]
Related Party Transaction [Line Items]
Number of related party directors serving on Board of Managers | director	2
Purchases from related party	$ 0	0.9
THL [Member] | Medium-term Notes [Member] | Term Loan B [Member]
Related Party Transaction [Line Items]
Related party notes			$ 39.4
THL [Member] | Operating Expenses [Member]
Related Party Transaction [Line Items]
Related party expenses, net	$ 0.1	$ 0.4

Related Party Transactions - Re

Related Party Transactions - Related Party Revenues (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Related Party Transaction [Line Items]
Related party revenues	$ 12.2	$ 16.4
Data and Analytics Services [Member]
Related Party Transaction [Line Items]
Related party revenues	4.4	10.4
Servicing, Origination and Default Technology [Member]
Related Party Transaction [Line Items]
Related party revenues	$ 7.8	$ 6

Related Party Transactions - 32

Related Party Transactions - Related Party Expenses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Related Party Transaction [Line Items]
Related party expenses, net	$ 3.4	$ 3.8
Prepaid expense, current	0.1		$ 0.1
Related party, deferred revenue	2.8
Data Entry, Indexing Services, and Other Operating Expenses [Member]
Related Party Transaction [Line Items]
Related party expenses, net	1.4	2.3
Corporate Services [Member]
Related Party Transaction [Line Items]
Related party expenses, net	2.5	2.3
Technology and Corporate Services [Member]
Related Party Transaction [Line Items]
Related party transaction, reimbursements from transactions with related party	$ (0.5)	$ (0.8)

Long-Term Debt - Long-term Deb

Long-Term Debt - Long-term Debt Components (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Total long-term debt	$ 1,563	$ 1,574
Less: Current portion of long-term debt, net of debt issuance costs of $0.6 as of June 30, 2015	74	64
Long-term debt, net of current portion	1,489	1,510
Issuance costs	(12.7)	(14.1)
Issuance costs, current	(0.6)	(0.6)
Debt Instrument, Unamortized Discount (Premium), Net	10	10.3
Total	1,560.3	1,570.2
Current portion of long-term debt	73.4	63.4
Deferred Finance Costs, Noncurrent, Net	(12.1)	(13.5)
Long-term debt, net of current portion	1,486.9	1,506.8
Medium-term Notes [Member] | Term Loan A [Member]
Debt Instrument [Line Items]
Total long-term debt	730	740
Issuance costs	(6.4)	(7)
Debt Instrument, Unamortized Discount (Premium), Net	0	0
Total	723.6	733
Medium-term Notes [Member] | Term Loan B [Member]
Debt Instrument [Line Items]
Total long-term debt	393	394
Issuance costs	(2.9)	(3.4)
Debt Instrument, Unamortized Discount (Premium), Net	(0.7)	(0.8)
Total	389.4	389.8
Line of Credit [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total long-term debt	50	50
Issuance costs	(3.4)	(3.7)
Debt Instrument, Unamortized Discount (Premium), Net	0	0
Total	46.6	46.3
Senior Notes [Member] | 5.75% Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term debt	390	390
Issuance costs	0	0
Debt Instrument, Unamortized Discount (Premium), Net	10.7	11.1
Total	$ 400.7	$ 401.1

Long-Term Debt - Schedule of M

Long-Term Debt - Schedule of Maturities (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
2017 (remaining)	$ 53
2,017	84
2,018	104
2,019	554
2,020	4
Thereafter	764
Total long-term debt	1,563	$ 1,574
Issuance costs	12.7	14.1
Unamortized discount (premium), net	$ (10)	$ (10.3)

Long-Term Debt - Credit Agreem

Long-Term Debt - Credit Agreement (Details) - USD ($)	Feb. 27, 2017	Mar. 31, 2017	May 27, 2015
Credit Agreement First Amendment [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.25%
Credit Agreement First Amendment [Member] | Eurodollar [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.25%
Variable rate, floor	0.75%
Medium-term Notes [Member] | Term Loan A [Member]
Debt Instrument [Line Items]
Interest rate at period end		3.00%
Principal amount of debt			$ 800,000,000
Medium-term Notes [Member] | Term Loan B [Member]
Debt Instrument [Line Items]
Interest rate at period end		3.25%
Principal amount of debt			400,000,000
Medium-term Notes [Member] | Term Loan B [Member] | Eurodollar [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		2.25%
Variable rate, floor		0.75%
Term Loan and Revolving Credit Facility [Member] | Term Loan A [Member] | Eurodollar [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		2.00%
Revolving Credit Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 400,000,000
Amount unused on the Revolving Credit Facility		$ 350,000,000
Unused commitment fee		0.30%
Interest rate at period end		3.00%

Long-Term Debt - Senior Notes

Long-Term Debt - Senior Notes (Details) - Senior Notes [Member] - 5.75% Senior Notes [Member] - USD ($) $ in Millions	Apr. 26, 2017	Mar. 31, 2017
Debt Instrument [Line Items]
Stated interest rate		5.75%
Subsequent Event [Member]
Debt Instrument [Line Items]
Redemption price	104.825%
Interest expense	$ 0.7

Long-Term Debt - Fair Value of

Long-Term Debt - Fair Value of Long-Term Debt (Details) - Senior Notes [Member] - 5.75% Senior Notes [Member] - Level 2 [Member] $ in Millions	Mar. 31, 2017USD ($)
Debt Instrument [Line Items]
Fair value of debt	$ 408.5
Fair value of debt, percent over carrying value	104.75%

Long-Term Debt - Interest Rate

Long-Term Debt - Interest Rate Swaps Additional Information (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Jan. 20, 2016
Derivative [Line Items]
Cumulative loss reflected in Noncontrolling interests	$ 2,600,000	$ 1,200,000
Interest Rate Swap [Member]
Derivative [Line Items]
Notional amount			$ 400,000,000
Notional amount per derivative instrument			200,000,000
Average fixed interest rate	1.01%
Gain (loss) on derivative	$ (2,200,000)	(1,000,000)
Loss recognized in other comprehensive income (loss), net of tax	1,300,000	$ 600,000
Reclassification in next 12 months, gross	700,000
Reclassification in next 12 months, net	$ 600,000
London Interbank Offered Rate (LIBOR) [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Notional amount per derivative instrument			$ 200,000,000
Basis spread on derivative	1.00%
Stated interest rate	2.08%

Long-Term Debt - Swap Agreemen

Long-Term Debt - Swap Agreements in the Balance Sheets (Unaudited) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 4.8	$ 2.2

Long-Term Debt - Derivative In

Long-Term Debt - Derivative Instruments Recognized in AOCI (Details) - Interest Rate Swap [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in OCE	$ (2.4)	$ (2)
Amount of Loss Reclassified from Accumulated OCE into Net earnings	0.3	0.3
Attributable to noncontrolling interests [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in OCE	(1.6)	(1.3)
Amount of Loss Reclassified from Accumulated OCE into Net earnings	0.2	0.2
Attributable to Black Knight Financial Services, Inc. [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in OCE	(0.8)	(0.7)
Amount of Loss Reclassified from Accumulated OCE into Net earnings	$ 0.1	$ 0.1

Long-Term Debt - Debt Refinanci

Long-Term Debt - Debt Refinancing (Details) - USD ($)	Apr. 26, 2017	Mar. 31, 2017	May 27, 2015
Term Loan and Revolving Credit Facility [Member] | Term Loan A [Member] | Eurodollar [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		2.00%
Medium-term Notes [Member] | Term Loan B [Member]
Debt Instrument [Line Items]
Principal amount of debt			$ 400,000,000
Medium-term Notes [Member] | Term Loan B [Member] | Eurodollar [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		2.25%
Variable rate, floor		0.75%
Medium-term Notes [Member] | Term Loan A [Member]
Debt Instrument [Line Items]
Principal amount of debt			800,000,000
Revolving Credit Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 400,000,000
Unused commitment fee		0.30%
Subsequent Event [Member]
Debt Instrument [Line Items]
Increase in borrowing capacity	$ 100,000,000
Subsequent Event [Member] | Term Loan and Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Reduction in basis spread	0.25%
Subsequent Event [Member] | Term Loan and Revolving Credit Facility [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	0.25%
Subsequent Event [Member] | Term Loan and Revolving Credit Facility [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Subsequent Event [Member] | Term Loan and Revolving Credit Facility [Member] | Eurodollar [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.25%
Subsequent Event [Member] | Term Loan and Revolving Credit Facility [Member] | Eurodollar [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
Variable rate, floor	0.00%
Subsequent Event [Member] | Medium-term Notes [Member] | Term Loan A [Member]
Debt Instrument [Line Items]
Increase in borrowing capacity	$ 300,000,000
Principal amount of debt	1,030,000,000
Subsequent Event [Member] | Revolving Credit Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 500,000,000
Reduction in commitment fee	0.05%
Subsequent Event [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | Minimum [Member]
Debt Instrument [Line Items]
Unused commitment fee	0.15%
Subsequent Event [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | Maximum [Member]
Debt Instrument [Line Items]
Unused commitment fee	0.30%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Effective tax rate (as a percent)	15.00%	15.80%
Tax benefit	$ 0.5
Distributions to members	$ (38)	$ (48)

Equity-Based Compensation - Ad

Equity-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	Feb. 03, 2017	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Averaged Grant Date Fair Value (in dollars per share)		$ 2.10
Share-based compensation expense		$ 5.2	$ 2.7
Compensation costs not yet recognized		$ 52.8
Recognition period		3 years 1 month
Restricted Stock [Member] | Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		884,570
Weighted Averaged Grant Date Fair Value (in dollars per share)		$ 37.90
Share-based Compensation Award, Tranche One [Member] | Restricted Stock [Member] | Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years
Shares expected to vest (shares)	681,410
Share-based Compensation Award, Tranche Two [Member] | Restricted Stock [Member] | Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Shares expected to vest (shares)	203,160

Equity-Based Compensation - Re

Equity-Based Compensation - Restricted Stock Transactions (Details) - $ / shares	May 20, 2015	Mar. 31, 2017
Shares
Forfeited (in shares)		(14,581)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Averaged Grant Date Fair Value (in dollars per share)		$ 2.10
Restricted Stock [Member] | Common Class A [Member]
Shares
Beginning balance (in shares)		2,908,374
Granted (in shares)		884,570
Vested (in shares)		(1,831,024)
Ending balance (in shares)		1,947,339
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Averaged Grant Date Fair Value (in dollars per share)		$ 37.90
Weighted Averaged Grant Date Fair Value (in dollars per share)		28.29
Fair value of restricted shares at date of conversion (in dollars per share)	$ 24.50
BKLS LLC Profit Interests Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Averaged Grant Date Fair Value (in dollars per share)		$ 2.01

Segment Information - Additiona

Segment Information - Additional Disclosures (Details)	3 Months Ended
	Mar. 31, 2017segment
Segment Reporting [Abstract]
Number of segments	2

Segment Information - Summarize

Segment Information - Summarized Financial Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Revenues	$ 258.1	$ 241.9
Operating expenses	145.5	136.8
Transition and integration costs	1.2	0
EBITDA	111.4	105.1
Depreciation and amortization	52.8	48.2
Operating income (loss)	58.6	56.9
Interest expense	(16.7)	(16.8)
Other expense, net	(2)	(0.8)
Earnings from continuing operations before income taxes	39.9	39.3
Income tax expense	6	6.2
Net earnings from continuing operations	33.9	33.1
Balance sheet data:
Total assets	3,731.9		$ 3,762	$ 3,633.5
Goodwill	2,306.8		$ 2,303.8	2,220.1
Operating Segments [Member] | Technology Segment [Member]
Segment Reporting Information [Line Items]
Revenues	220.6	202.4
Operating expenses	93.7	87
Transition and integration costs	0	0
EBITDA	126.9	115.4
Depreciation and amortization	27.1	25.4
Operating income (loss)	99.8	90
Balance sheet data:
Total assets	3,193.7			3,115.7
Goodwill	2,115			2,048
Operating Segments [Member] | Data and Analytics Segment [Member]
Segment Reporting Information [Line Items]
Revenues	38.9	41.8
Operating expenses	33.5	35
Transition and integration costs	0	0
EBITDA	5.4	6.8
Depreciation and amortization	3.5	2.1
Operating income (loss)	1.9	4.7
Balance sheet data:
Total assets	356			314.2
Goodwill	191.8			172.1
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenues	(1.4)	(2.3)
Operating expenses	18.3	14.8
Transition and integration costs	1.2	0
EBITDA	(20.9)	(17.1)
Depreciation and amortization	22.2	20.7
Operating income (loss)	(43.1)	$ (37.8)
Balance sheet data:
Total assets	182.2			203.6
Goodwill	$ 0			$ 0