SEGMENT REPORTING (Notes)

12 Months Ended

Nov. 30, 2014

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 16 — SEGMENT REPORTING

The general nature of the Company’s business is a motorsports themed amusement enterprise, furnishing amusement to the public in the form of motorsports themed entertainment. The Company’s motorsports event operations consist principally of racing events at its major motorsports entertainment facilities. The reporting units within the motorsports segment portfolio are reviewed together as the nature of the products and services, the production processes used, the type or class of customer using our products and services, and the methods used to distribute our products or provide their services are consistent in objectives and principles, and predominately uniform and centralized throughout the Company. The Company’s remaining business units, which are comprised of the radio network production and syndication of numerous racing events and programs, certain souvenir merchandising operations not associated with the promotion of motorsports events at the Company’s facilities, construction management services, leasing operations, and financing and licensing operations are included in the “All Other” segment. The Company evaluates financial performance of the business units on operating profit after allocation of corporate general and administrative (“G&A”) expenses. Corporate G&A expenses are allocated to business units based on each business unit’s net revenues to total net revenues.

The accounting policies of the segments are the same as those described in the summary of significant accounting policies. Intersegment sales are accounted for at prices comparable to unaffiliated customers. Intersegment revenues were approximately $2.1 million, $2.4 million and $2.0 million for the years ended November 30, 2012, 2013 and 2014, respectively. The following table shows information by operating segment (in thousands):

	For the Year Ended November 30, 2012
	Motorsports Event		All Other			Total
Revenues	$	585,097	$	29,338		$	614,435
Depreciation and amortization	71,781		6,089			77,870
Operating income (loss)	107,118		(2,109		)	105,009
Equity investments income	—		2,757			2,757
Capital expenditures	79,334		3,538			82,872
Total assets	1,598,551		343,190			1,941,741
Equity investments	—		146,378			146,378

	For the Year Ended November 30, 2013
	Motorsports Event		All Other			Total
Revenues	$	589,435	$	25,618		$	615,053
Depreciation and amortization	88,499		5,490			93,989
Operating income (loss)	82,500		(3,808		)	78,692
Equity investments income	—		9,434			9,434
Capital expenditures	81,938		3,601			85,539
Total assets	1,520,069		497,437			2,017,506
Equity investments	—		134,327			134,327

	For the Year Ended November 30, 2014
	Motorsports Event		All Other			Total
Revenues	$	609,973	$	43,981		$	653,954
Depreciation and amortization	84,614		5,738			90,352
Operating income (loss)	99,332		(5,941		)	93,391
Equity investments income	—		8,916			8,916
Capital expenditures	177,318		6,618			183,936
Total assets	1,621,726		455,925			2,077,651
Equity investments	—		122,565			122,565