Dover Motorsports (DVD) 8-K Dover Motorsports, Inc. Reports Results

Exhibit 99.2

DOVER MOTORSPORTS, INC.

SUPPLEMENTAL DATA

RECONCILIATION OF OPERATING LOSS TO ADJUSTED EBITDA

In Thousands

(Unaudited)

	Three Months Ended December 31,						Years Ended December 31,
	2009			2008			2009			2008
Reconciliation of operating loss to adjusted EBITDA:
Operating loss	$	(6,564	)	$	(19,573	)	$	(5,707	)	$	(3,215	)
Impairment charge		—			12,795			7,478			12,795
Depreciation and amortization		1,679			1,770			6,467			6,909
Adjusted EBITDA	$	(4,885	)	$	(5,008	)	$	8,238		$	16,489

We define EBITDA as earnings before interest, taxes, depreciation and amortization and Adjusted EBITDA as EBITDA before the impairment charge. EBITDA is a supplemental non-GAAP financial measure commonly used by management and industry analysts to evaluate our operations. We believe that EBITDA provides useful information to investors regarding our ability to service debt. EBITDA should not be construed as an alternative to operating earnings (as an indicator of our operating performance) or cash flows from operations (as a measure of liquidity) as determined in accordance with accounting principles generally accepted in the United States of America. Not all companies calculate EBITDA in the same manner, and Adjusted EBITDA as presented by Dover Motorsports, Inc. may not be comparable to similarly titled measures presented by other companies.