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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
May 31, 2011
May 31, 2010
May 31, 2011
May 31, 2010
REVENUES:        
Admissions, net $ 29,963 $ 35,695 $ 66,043 $ 74,232
Motorsports related 95,392 91,756 193,384 190,314
Food, beverage and merchandise 10,594 11,968 22,648 24,367
Other 2,812 2,747 5,371 5,279
Total Revenues 138,761 142,166 287,446 294,192
Direct:        
Prize and point fund monies and NASCAR sanction fees 35,296 35,201 67,219 68,076
Motorsports related 27,660 32,115 52,124 59,862
Food, beverage and merchandise 8,735 8,780 17,494 17,267
General and administrative 23,968 25,909 46,134 50,492
Depreciation and amortization 19,034 18,425 38,180 36,784
Impairment of long-lived assets   433 2,872 656
Total Expenses 114,693 120,863 224,023 233,137
Operating income 24,068 21,303 63,423 61,055
Interest income 42 38 68 100
Interest expense (3,839) (3,908) (7,681) (8,249)
Interest rate swap expense   (1,234)   (2,506)
Equity in net loss from equity investments (747) (474) (973) (1,549)
Income from continuing operations before income taxes 19,524 15,725 54,837 48,851
Income taxes 7,651 5,463 21,529 13,102
Income from continuing operations     33,308 35,749
Loss from discontinued operations, net of income tax benefits of $25 and $0, respectively       (47)
Net income $ 11,873 $ 10,262 $ 33,308 $ 35,702
Basic and diluted earnings per share:        
Income from continuing operations     $ 0.70 $ 0.74
Loss from discontinued operations       $ 0
Net income $ 0.25 $ 0.21 $ 0.70 $ 0.74
Dividends per share $ 0.18 $ 0.16 $ 0.18 $ 0.16
Basic weighted average shares outstanding 47,795,906 48,283,480 47,913,025 48,352,422
Diluted weighted average shares outstanding 47,807,210 48,287,054 47,921,721 48,354,596