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Consolidated Statements of Operations (USD $)
In Thousands, except Share data
3 Months Ended 9 Months Ended
Aug. 31, 2011
Aug. 31, 2010
Aug. 31, 2011
Aug. 31, 2010
REVENUES:        
Admissions, net $ 36,278 $ 42,518 $ 102,321 $ 116,750
Motorsports related 98,819 102,997 292,203 293,311
Food, beverage and merchandise 12,347 11,789 34,995 36,156
Other 2,853 2,890 8,224 8,169
Total revenues 150,297 160,194 437,743 454,386
Direct:        
Prize and point fund monies and NASCAR sanction fees 37,520 39,607 104,739 107,683
Motorsports related 37,505 45,209 89,629 105,071
Food, beverage and merchandise 9,710 8,069 27,204 25,336
General and administrative 25,810 26,421 71,944 76,913
Depreciation and amortization 18,985 18,910 57,165 55,694
Impairment of long-lived assets 247 405 3,119 1,061
Total expenses 129,777 138,621 353,800 371,758
Operating income 20,520 21,573 83,943 82,628
Interest income 39 31 107 131
Interest expense (3,751) (3,533) (11,432) (11,782)
Interest rate swap expense   (14,081)   (16,587)
Equity in net loss from equity investments (1,843) (85) (2,816) (1,634)
Income from continuing operations before income taxes 14,965 3,905 69,802 52,756
Income taxes 5,315 296 26,844 13,398
Income from continuing operations 9,650 3,609 42,958 39,358
Loss from discontinued operations, net of income tax benefits of $25 and $0, respectively       (47)
Net income $ 9,650 $ 3,609 $ 42,958 $ 39,311
Basic and diluted earnings per share:        
Income from continuing operations     $ 0.90 $ 0.82
Loss from discontinued operations       $ 0.00
Net income $ 0.20 $ 0.08 $ 0.90 $ 0.82
Dividends per share     $ 0.18 $ 0.16
Basic weighted average shares outstanding 47,520,734 48,164,600 47,781,307 48,194,160
Diluted weighted average shares outstanding 47,531,710 48,168,706 47,790,618 48,196,515