QUARTERLY DATA (UNAUDITED) (Notes)

12 Months Ended

Nov. 30, 2013

Quarterly Financial Information Disclosure [Abstract]

The Company derives most of its income from a limited number of NASCAR-sanctioned races. As a result, the Company’s business has been, and is expected to remain, highly seasonal based on the timing of major events.

The following table presents certain unaudited financial data for each quarter of fiscal 2012 and 2013 (in thousands, except per share amounts):



	Fiscal Quarter Ended
	February 29, 2012		May 31, 2012		August 31, 2012			November 30, 2012
Total revenue	$	127,398	$	179,595	$	115,926		$	189,448
Operating income	29,699		33,169		696			41,445
Net income (loss)	17,139		13,740		(1,037		)	24,736
Basic and diluted earnings (loss) per share	0.37		0.30		(0.02		)	0.53



	Fiscal Quarter Ended
	February 28, 2013		May 31, 2013		August 31, 2013			November 30, 2013
Total revenue	$	128,552	$	178,374	$	117,046		$	188,668
Operating income (loss)	25,147		37,080		(13,067		)	29,532
Net income (loss)	13,513		22,440		(7,866		)	17,205
Basic and diluted earnings (loss) per share	0.29		0.48		(0.17		)	0.37

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details