Goodwill and Intangible Assets

3 Months Ended

Feb. 29, 2012

Goodwill and Intangible Assets

5. Goodwill and Intangible Assets

The gross carrying value, accumulated amortization and net carrying value of the major classes of intangible assets relating to the Motorsports Event segment are as follows (in thousands):

	November 30, 2011
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Food, beverage and merchandise contracts	$	10	$	7	$	3
Other		108		16		92
Total amortized intangible assets		118		23		95
Non-amortized intangible assets:
NASCAR — sanction agreements		177,813		—		177,813
Other		793		—		793
Total non-amortized intangible assets		178,606		—		178,606
Total intangible assets	$	178,724	$	23	$	178,701

	February 29, 2012
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Food, beverage and merchandise contracts	$	10	$	7	$	3
Other		92		12		80
Total amortized intangible assets		102		19		83
Non-amortized intangible assets:
NASCAR — sanction agreements		177,813		—		177,813
Other		793		—		793
Total non-amortized intangible assets		178,606		—		178,606
Total intangible assets	$	178,708	$	19	$	178,689

The following table presents current and expected amortization expense of the existing intangible assets as of February 29, 2012 for each of the following periods (in thousands):

Amortization expense for the three months ended February 29, 2012	$	12
Estimated amortization expense for the year ending November 30:
2012		51
2013		21
2014		16
2015		6
2016		1

There were no changes in the carrying value of goodwill during the three months ended February 29, 2012.