Income Taxes	6 Months Ended
May. 31, 2015
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Income Taxes	Income Taxes The principal causes of the decreased effective income tax rate, as compared to the statutory income tax rate, for the three and six months ended May 31, 2014 are the tax treatment related to the other income recognized as a result of Speedway Motorsports Inc.'s abandonment of their interest in SMISC, LLC, including the related tax benefits associated with various operating loss carryforwards of Motorsports Authentics, Inc. and certain tax filing positions of SMISC, LLC totaling approximately $1.8 million, reflected at the time of SMI's abandonment on January 31, 2014 and certain other state tax adjustments. The effective income tax rate approximates the statutory income tax rate for the three months ended May 31, 2015. Decreases in certain state tax rates are the principal causes of the decreased effective tax rate, as compared to the statutory income tax rate, for the six months ended May 31, 2015. As a result of these items, the Company's effective income tax rate was approximately 38.3 percent and 32.3 percent for the three and six months ended May 31, 2014, respectively, and approximately 38.7 percent and 37.3 percent for the three and six months ended May 31, 2015, respectively.

Income Taxes

6 Months Ended

May. 31, 2015

The principal causes of the decreased effective income tax rate, as compared to the statutory income tax rate, for the three and six months ended May 31, 2014 are the tax treatment related to the other income recognized as a result of Speedway Motorsports Inc.'s abandonment of their interest in SMISC, LLC, including the related tax benefits associated with various operating loss carryforwards of Motorsports Authentics, Inc. and certain tax filing positions of SMISC, LLC totaling approximately $1.8 million, reflected at the time of SMI's abandonment on January 31, 2014 and certain other state tax adjustments. The effective income tax rate approximates the statutory income tax rate for the three months ended May 31, 2015. Decreases in certain state tax rates are the principal causes of the decreased effective tax rate, as compared to the statutory income tax rate, for the six months ended May 31, 2015.

As a result of these items, the Company's effective income tax rate was approximately 38.3 percent and 32.3 percent for the three and six months ended May 31, 2014, respectively, and approximately 38.7 percent and 37.3 percent for the three and six months ended May 31, 2015, respectively.