Quarterly Results - (unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Results - (unaudited)

Quarterly Results - (unaudited)

NOTE 14 — Quarterly Results (unaudited)

	March 31			June 30		September 30		December 31(a)
Year Ended December 31, 2013
Revenues	$	116,000		$	24,465,000	$	21,470,000	$	129,000
Operating (loss) earnings	$	(3,674,000	)	$	8,679,000	$	7,300,000	$	(7,645,000	)
Net (loss) earnings	$	(2,279,000	)	$	4,903,000	$	4,158,000	$	(4,758,000	)
Net (loss) earnings per common share — basic	$	(0.06	)	$	0.13	$	0.11	$	(0.13	)
Net (loss) earnings per common share — diluted	$	(0.06	)	$	0.13	$	0.11	$	(0.13	)
Year Ended December 31, 2012
Revenues	$	126,000		$	23,719,000	$	22,773,000	$	129,000
Operating (loss) earnings	$	(3,781,000	)	$	8,596,000	$	8,151,000	$	(3,781,000	)
Net (loss) earnings	$	(2,623,000	)	$	5,018,000	$	4,532,000	$	(2,356,000	)
Net (loss) earnings per common share — basic	$	(0.07	)	$	0.14	$	0.12	$	(0.07	)
Net (loss) earnings per common share — diluted	$	(0.07	)	$	0.14	$	0.12	$	(0.07	)

(a) During the fourth quarter of 2013, we recorded a non-cash pre-tax impairment charge of $4,329,000 ($2,814,000 after income taxes) related to our long-lived assets at our Nashville Superspeedway facility.  See NOTE 3 — Impairment Charges.

Our operations are seasonal in nature with a majority of our motorsports events occurring during the second and third quarters.