Goodwill and Intangible Assets (Tables)

9 Months Ended

Aug. 31, 2012

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Summary of Intangible Assets

The gross carrying value, accumulated amortization and net carrying value of the major classes of intangible assets relating to the Motorsports Event segment are as follows (in thousands):

	November 30, 2011
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Food, beverage and merchandise contracts	$	10	$	7	$	3
Other	108		16		92
Total amortized intangible assets	118		23		95
Non-amortized intangible assets:
NASCAR — sanction agreements	177,813		—		177,813
Other	793		—		793
Total non-amortized intangible assets	178,606		—		178,606
Total intangible assets	$	178,724	$	23	$	178,701
	August 31, 2012
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Food, beverage and merchandise contracts	$	10	$	8	$	2
Other	92		42		50
Total amortized intangible assets	102		50		52
Non-amortized intangible assets:
NASCAR — sanction agreements	177,813		—		177,813
Other	793		—		793
Total non-amortized intangible assets	178,606		—		178,606
Total intangible assets	$	178,708	$	50	$	178,658

Current and Expected Amortization Expense of Intangible Assets

The following table presents current and expected amortization expense of the existing intangible assets as of August 31, 2012 for each of the following periods (in thousands):

Amortization expense for the nine months ended August 31, 2012	$	43
Remaining estimated amortization expense for the year ending November 30:
2012	8
2013	21
2014	16
2015	6
2016	1