Exhibit 99.2
DOVER MOTORSPORTS, INC.
SUPPLEMENTAL DATA
RECONCILIATION OF OPERATING LOSS TO EBITDA
In Thousands
(Unaudited)
Three Months Ended March 31, | ||||||||
Reconciliation of operating loss to EBITDA: | 2010 | 2009 | ||||||
Operating loss | $ | (6,462 | ) | $ | (6,737 | ) | ||
Depreciation and amortization | 1,582 | 1,565 | ||||||
EBITDA | $ | (4,880 | ) | $ | (5,172 | ) | ||
We define EBITDA as earnings before interest, taxes, depreciation and amortization. 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 EBITDA as presented by Dover Motorsports, Inc. may not be comparable to similarly titled measures presented by other companies.