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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 68,619,000 $ 80,568,000
Accounts receivable, net 56,868,000 19,497,000
Prepaid and refundable income taxes 144,000 960,000
Inventories, net 9,735,000 8,018,000
Prepaid expenses and other current assets (Note 2) 21,987,000 11,911,000
Total Current Assets 157,353,000 120,954,000
Note Receivable 566,000 613,000
Other Assets 25,947,000 23,634,000
Property and Equipment, Net (Note 2) 929,813,000 936,551,000
Other Intangible Assets 298,383,000 298,383,000
Goodwill 46,225,000 46,225,000
Total 1,458,287,000 1,426,360,000
Current Liabilities:    
Current maturities of long-term debt 172,000 167,000
Accounts payable 16,751,000 10,376,000
Deferred race event and other income 61,981,000 33,868,000
Accrued income taxes 3,532,000 689,000
Accrued interest 1,712,000 4,295,000
Accrued expenses and other current liabilities 15,410,000 21,601,000
Total Current Liabilities 99,558,000 70,996,000
Long-term Debt 198,134,000 198,002,000
Deferred Income 3,095,000 2,357,000
Deferred Income Taxes, Net 200,682,000 201,486,000
Other Liabilities 20,400,000 18,764,000
Total Liabilities 521,869,000 491,605,000
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 – 40,829,000 in 2019 and 40,854,000 in 2018 464,000 463,000
Additional Paid-in Capital 267,154,000 266,366,000
Retained Earnings 787,607,000 785,251,000
Treasury Stock at cost, shares – 5,525,000 in 2019 and 5,436,000 in 2018 (118,807,000) (117,325,000)
Total Stockholders’ Equity 936,418,000 934,755,000
Total $ 1,458,287,000 $ 1,426,360,000