XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Admissions $ 27,641 $ 29,698 $ 71,532 $ 74,771
Event related revenue 34,452 37,226 103,491 108,295
NASCAR broadcasting revenue 68,847 65,839 200,073 192,453
Other operating revenue 6,668 37,898 22,090 54,006
Total Revenues 137,608 170,661 397,186 429,525
Expenses and Other:        
Direct expense of events 32,732 36,576 78,420 84,366
NASCAR event management fees 43,338 41,087 120,548 115,863
Other direct operating expense 4,363 28,996 14,534 39,540
General and administrative 25,793 27,205 75,323 78,591
Depreciation and amortization 13,834 14,016 44,808 40,957
Interest expense, net 3,054 3,290 9,222 9,920
Other (income) expense, net (157) (941) 45 (886)
Total Expenses and Other 122,957 150,229 344,017 368,351
Income Before Income Taxes 14,651 20,432 53,169 61,174
Provision for Income Taxes (5,440) (6,766) (18,587) (21,900)
Net Income $ 9,211 $ 13,666 $ 34,582 $ 39,274
Basic Earnings Per Share (in dollars per share) $ 0.22 $ 0.33 $ 0.84 $ 0.95
Weighted Average Shares Outstanding (in shares) 41,004 41,123 41,046 41,178
Diluted Earnings Per Share (in dollars per share) $ 0.22 $ 0.33 $ 0.84 $ 0.95
Weighted Average Shares Outstanding (in shares) 41,022 41,135 41,062 41,191
Impairment of goodwill (Note 4)     $ 1,117