13. Segment Reporting

The general nature of the Company’s business is a motorsports themed amusement enterprise, furnishing amusement to the public in the form of motorsports themed entertainment. The Company’s motorsports event operations consist principally of racing events at its major motorsports entertainment facilities. The reporting units within the motorsports segment portfolio are reviewed together as the nature of the products and services, the production processes used, the type or class of customer using our products and services, and the methods used to distribute our products or provide their services are consistent in objectives and principles, and predominately uniform and centralized throughout the Company. The Company’s remaining reporting units, which are comprised of the radio network production and syndication of numerous racing events and programs, certain souvenir merchandising operations not associated with the promotion of motorsports events at the Company’s facilities, construction management services, and financing and licensing operations are included in the “All Other” segment. The Company evaluates financial performance of the reporting units on operating profit after allocation of corporate general and administrative (“G&A”) expenses. Corporate G&A expenses are allocated to reporting units based on each reporting unit’s net revenues to total net revenues.

The accounting policies of the segments are the same as those described in the summary of significant accounting policies. Intersegment sales are accounted for at prices comparable to unaffiliated customers. The following tables provide segment reporting of the Company for the three and six months ended May 31, 2010 and 2011 (in thousands):


	Three Months Ended May 31, 2010
	Motorsports		All
	Event		Other		Total

Revenues	$	132,912	$	9,945	$	142,857
Depreciation and amortization		16,349		2,076		18,425
Operating income		21,171		132		21,303
Capital expenditures		22,041		5,208		27,249
Total assets		1,648,836		299,938		1,948,774
Equity investments		—		26,673		26,673


	Three Months Ended May 31, 2011
	Motorsports		All
	Event		Other		Total

Revenues	$	130,878	$	8,445	$	139,323
Depreciation and amortization		17,259		1,775		19,034
Operating income		24,000		68		24,068
Capital expenditures		13,528		74		13,602
Total assets		1,644,827		314,127		1,958,954
Equity investments		—		64,891		64,891


	Six Months Ended May 31, 2010
	Motorsports		All
	Event		Other			Total

Revenues	$	278,471	$	16,892		$	295,363
Depreciation and amortization		32,584		4,200			36,784
Operating income (loss)		62,093		(1,038	)		61,055
Capital expenditures		31,924		19,225			51,149


	Six Months Ended May 31, 2011
	Motorsports		All
	Event		Other			Total

Revenues	$	274,633		13,903			288,536
Depreciation and amortization		34,607		3,573			38,180
Operating income (loss)		64,750		(1,327	)		63,423
Capital expenditures		22,407		2,894			25,301

Intersegment revenues were approximately $0.7 million and $0.6 million for the three months ended May 31, 2010 and 2011, respectively, and approximately $1.2 million and $1.1 million for the six months ended May 31, 2010 and 2011, respectively.