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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities:    
Net earnings $ 1,200 $ 3,950
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 6,045 5,846
Amortization of credit facility origination fees 44 34
Stock-based compensation 518 609
Deferred income taxes 188 (572)
Loss on extinguishment of debt 45  
Changes in assets and liabilities:    
Accounts receivable 1,407 (422)
Due from State of Delaware 5,029 5,335
Inventories (115) (36)
Prepaid expenses and other (2,548) 79
Receivable from Dover Motorsports, Inc. 14 (3)
Prepaid income taxes/income taxes payable (12) 369
Accounts payable (228) (361)
Purses due horsemen (5,012) (4,462)
Accrued liabilities (4,999) (1,479)
Deferred revenue   (85)
Other liabilities 209 68
Net cash provided by operating activities 1,785 8,870
Investing activities:    
Capital expenditures (959) (2,198)
Proceeds from the sale of available-for-sale securities 21 41
Purchase of available-for-sale securities (95) (42)
Net cash used in investing activities (1,033) (2,199)
Financing activities:    
Borrowings from revolving line of credit 154,577 49,985
Repayments of revolving line of credit (158,077) (60,085)
Dividends paid (1,944) (1,936)
Repurchase of common stock (150) (117)
Credit facility fees (268)  
Net cash used in financing activities (5,862) (12,153)
Net decrease in cash (5,110) (5,482)
Cash, beginning of period 18,819 21,415
Cash, end of period 13,709 15,933
Supplemental information:    
Interest paid 1,685 1,414
Income taxes paid 1,007 3,324
Change in accounts payable for capital expenditures   $ 1,746