
	March 31(a)		June 30		September 30(b)		December 31(c)
Year Ended December 31, 2019
Revenues	$	129,000	$	24,838,000	$	202,000	$	20,794,000
Operating (loss) earnings	$	(3,496,000)	$	7,634,000	$	(516,000)	$	4,378,000
Net (loss) earnings	$	(2,490,000)	$	5,501,000	$	(414,000)	$	2,903,000
Net (loss) earnings per share — basic and diluted	$	(0.07)	$	0.15	$	(0.01)	$	0.08

Year Ended December 31, 2018
Revenues	$	226,000	$	25,812,000	$	227,000	$	20,751,000
Operating (loss) earnings	$	(1,246,000)	$	8,954,000	$	(4,062,000)	$	5,911,000
Net (loss) earnings	$	(992,000)	$	6,508,000	$	(2,699,000)	$	4,072,000
Net (loss) earnings per share — basic and diluted	$	(0.03)	$	0.18	$	(0.07)	$	0.11

^(a)

In the first quarter of 2019, we closed on the sale of land at our Nashville Superspeedway facility resulting in a gain of $139,000 ($110,000 after income taxes). See Note 1 — Business Operations.

In the first quarter of 2018, we closed on the sale of land at our Nashville Superspeedway facility resulting in a gain of $2,512,000 ($1,984,000 after income taxes). See NOTE 1 — Business Operations.

^(b)

In the third quarter of 2019, we closed on the sale of land at our Nashville Superspeedway facility resulting in a gain of $4,186,000 ( $3,307,000 after income taxes). See NOTE 1 — Business Operations.

During the third quarter of 2019, we made the decision to remove certain grandstand seating at our Dover International Speedway facility at the end of the 2019 race season. As a result, we shortened the service lives of these assets which results in accelerated depreciation of $879,000 ($634,000 after income taxes) in the third quarter. See NOTE 3 – Property and Equipment.

In the third quarter of 2018, we entered into negotiations to sell a parcel of land we own near St. Louis. As a result, we recorded a loss of $99,000 ($76,000 after income taxes) on sale of land. See NOTE 1 – Business Operations.

^(c)

During the third quarter of 2019, we made the decision to remove certain grandstand seating at our Dover International Speedway facility at the end of the 2019 race season. As a result, we shortened the service lives of these assets which results in accelerated depreciation of $293,000 ($211,000 after income taxes) in the fourth quarter. See NOTE 3 — Property and Equipment.

Related to the decision to remove grandstand seats at Dover International Speedway, we incurred $1,170,000 ($844,000 after income taxes) of costs to remove these assets in the fourth quarter of 2019. See NOTE 3 – Property and Equipment.