RETIREMENTS OF LONG-LIVED ASSETS (Notes)

12 Months Ended

Nov. 30, 2014

Impairment or Disposal of Tangible Assets Disclosure [Abstract]

RETIREMENTS OF LONG-LIVED ASSETS

RETIREMENTS OF LONG-LIVED ASSETS

The Company recorded before-tax charges relating to retirements of long-lived assets during the fiscal years ending November 30, as follows (in thousands):

	2012		2013		2014
Losses on retirements of long-lived assets	$	11,143	$	16,607	$	10,148
Less: cash portion of losses on asset retirements	3,088		6,584		7,504
Non-cash losses on retirements of long-lived assets	$	8,055	$	10,023	$	2,644

The fiscal 2012 retirements are primarily attributable to the ongoing removal of certain assets in connection with the repaving of the track and grandstand enhancements at Phoenix International Raceway (“Phoenix”) and the grandstand enhancements at Kansas and Talladega Superspeedway (“Talladega”).

The fiscal 2013 retirements are primarily attributable to the ongoing removal of certain assets in connection with the track repaving at Kansas, as well as guest enhancements at Talladega, Richmond International Raceway (“Richmond”) and certain of the Company's other facilities.

The fiscal 2014 retirements are primarily attributable to the removal of assets not fully depreciated in connection with DAYTONA Rising, capacity management initiatives and other capital improvements.