Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 85,827	$ 79,342
Accounts receivable, net	34,066	29,444
Prepaid and refundable income taxes	209	7,384
Inventories, net	7,529	8,212
Prepaid expenses	2,887	3,527
Total Current Assets	130,518	127,909
Note Receivable	1,018	1,143
Other Assets	23,484	23,142
Property and Equipment, Net (Note 2)	974,179	1,000,230
Other Intangible Assets, Net	298,383	298,383
Goodwill	46,225	47,342
Total	1,473,807	1,498,149
Current Liabilities:
Current maturities of long-term debt	7,662	7,657
Accounts payable	16,733	13,497
Deferred race event and other income, net	34,184	44,782
Accrued income taxes	5,432
Accrued interest	1,734	4,311
Accrued expenses and other current liabilities	26,428	24,424
Total Current Liabilities	92,173	94,671
Long-term Debt	224,148	254,398
Deferred Income	3,223	3,742
Deferred Income Taxes, Net	322,981	329,398
Other Liabilities	18,801	18,157
Total Liabilities	661,326	700,366
Commitments and Contingencies
Stockholders’ Equity:
Preferred Stock, $.10 par value, shares authorized – 3,000,000, no shares issued
Common Stock, $.01 par value, shares authorized – 200,000,000, issued and outstanding – 40,985,000 in 2017 and 41,098,000 in 2016	460	459
Additional Paid-in Capital	261,894	258,880
Retained Earnings	660,339	644,308
Treasury Stock at cost, shares – 5,051,000 in 2017 and 4,830,000 in 2016	(110,212)	(105,864)
Total Stockholders’ Equity	812,481	797,783
Total	$ 1,473,807	$ 1,498,149

The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively.

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- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).