2.4.0.82119100 - Disclosure - Subsequent Event (Notes)truefalsefalse1falsefalsefalseD2013Q2YTDhttp://www.sec.gov/CIK0000051548duration2012-12-01T00:00:002013-05-31T00:00:001true1us-gaap_SubsequentEventsAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false2us-gaap_SubsequentEventsTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Subsequent Event</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Daytona Rising</font><font style="font-family:inherit;font-size:10pt;">: Reimagining an American Icon</font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has recently announced that it is redeveloping the frontstretch of Daytona, the Company's 54-year-old flagship motorsports facility, to enhance the event experience for its fans, marketing partners, broadcasters and the motorsports industry. The redevelopment of Daytona has been branded the Daytona Rising project. </font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As part of the Daytona Rising project, the Company has entered into a Design-Build Agreement with Barton Malow Company (“Barton Malow”), which obligates us to pay Barton Malow approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$316.0 million</font><font style="font-family:inherit;font-size:10pt;"> for the completion of the work described in the Design-Build Agreement. The amount is a stipulated sum to be paid for the work, which may not change unless the Company requests a change in the scope of work. The Design-Build Agreement contains certain provisions and representations usual and customary for agreements of this type, including, among others, provisions regarding liquidated damages to be assessed for work that is not completed according to the agreed upon schedule, provisions regarding payment schedules, and provisions regarding bonding and liability insurance policies applicable to the work. In addition, the Design-Build Agreement contains customary provisions regarding termination, review and inspection of the work, warranties and the use of subcontractors.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company currently anticipates the Daytona Rising project to cost between </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$375.0 million</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$400.0 million</font><font style="font-family:inherit;font-size:10pt;">, excluding capitalized interest. Total expenditures incurred for the Daytona Rising project through May 31, 2013 were approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$15.0 million</font><font style="font-family:inherit;font-size:10pt;">. The Company expects to fund the Daytona Rising project from cash on hand, cash from its operations and may use borrowings on its credit facility for a limited period of time. </font></div><div style="line-height:120%;padding-bottom:13px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Upon review of the Design-Build agreement documents and drawings, the Company believes that there are assets with carrying values of approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;"> that may be impacted by the redevelopment and that those assets may require accelerated depreciation, impairments, or losses on disposal, over the next </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">26 months</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.No definition available.false0falseSubsequent Event (Notes)UnKnownUnKnownUnKnownUnKnowntruefalsefalseNoteshttp://www.internationalspeedwaycorporation.com/role/SubsequentEventNotes12