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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2018
May 31, 2017
May 31, 2018
May 31, 2017
REVENUES:        
Admissions, net $ 25,677 $ 28,662 $ 56,239 $ 59,997
Motorsports and other event related 133,328 122,322 239,114 225,834
Food, beverage and merchandise 6,906 9,517 14,856 18,659
Other 5,768 4,774 10,345 8,739
Total revenues 171,679 165,275 320,554 313,229
Direct:        
NASCAR event management fees 50,180 48,270 80,045 77,246
Motorsports and other event related 44,607 34,728 70,642 60,783
Food, beverage and merchandise 5,198 7,244 10,827 13,269
Other operating expenses 1,038 656 2,247 858
General and administrative 26,345 27,309 52,087 53,656
Depreciation and amortization 26,859 28,269 53,598 54,770
Losses on asset retirements 195 374 1,357 404
Costs and Expenses, Total 154,422 146,850 270,803 260,986
Operating income 17,257 18,425 49,751 52,243
Interest income 732 251 1,253 368
Interest expense (2,900) (3,067) (5,785) (6,319)
Equity in net income from equity investments 6,351 5,799 10,659 9,426
Other 0 2 15 14
Income before income taxes 21,440 21,410 55,893 55,732
Income taxes 4,770 8,183 (130,123) 21,232
Net income $ 16,670 $ 13,227 $ 186,016 $ 34,500
Dividends per share (in dollars per share) $ 0.47 $ 0.43 $ 0.47 $ 0.43
(Loss) earnings per share:        
Basic and diluted (in dollars per share) $ 0.38 $ 0.29 $ 4.21 $ 0.77
Basic weighted average shares outstanding (shares) 44,158,611 44,857,837 44,177,342 44,960,205
Diluted weighted average shares outstanding (shares) 44,169,681 44,871,255 44,189,676 44,974,365