Quarterly Results - (unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Results - (unaudited)

Quarterly Results - (unaudited)

NOTE 13 —  Quarterly Results  (unaudited)

	March 31			June 30		September 30(a)		December 31(b)
Year Ended December 31, 2014
Revenues	$	183,000		$	24,273,000	$	21,061,000	$	157,000
Operating (loss) earnings	$	(3,537,000	)	$	8,411,000	$	4,251,000	$	(3,433,000	)
Net (loss) earnings	$	(2,118,000	)	$	4,844,000	$	2,601,000	$	(2,182,000	)
Net (loss) earnings per common share — basic	$	(0.06	)	$	0.13	$	0.07	$	(0.06	)
Net (loss) earnings per common share — diluted	$	(0.06	)	$	0.13	$	0.07	$	(0.06	)
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	)

(a) During the third quarter of 2014, we recorded a loss on disposal of long-lived assets of $2,403,000 ($1,447,000 after income taxes) related to the removal and disposal of certain grandstand seating at our Dover International Speedway facility.  See NOTE 4 — Property and Equipment.

(b) 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 Charge.

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