International Speedway (ISCB) 10-Q 9 Apr 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Feb. 28, 2014
Document Information [Line Items]	'
Document Type	'10-Q
Amendment Flag	'false
Document Period End Date	28-Feb-14
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q1
Trading Symbol	'ISCA
Entity Registrant Name	'INTERNATIONAL SPEEDWAY CORP
Entity Central Index Key	'0000051548
Current Fiscal Year End Date	'--11-30
Entity Filer Category	'Large Accelerated Filer
Class A Common Stock	'
Document Information [Line Items]	'
Entity Common Stock, Shares Outstanding	26,534,078
Class B Common Stock	'
Document Information [Line Items]	'
Entity Common Stock, Shares Outstanding	19,980,913

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Feb. 28, 2014	Nov. 30, 2013
In Thousands, unless otherwise specified
Current Assets:	'	'
Cash and cash equivalents	$192,598	$172,827
Receivables, less allowance of $1,000 in 2013 and 2014, respectively	81,711	25,910
Inventories	7,468	2,619
Income taxes receivable	1,273	17,399
Deferred income taxes	3,301	3,122
Prepaid expenses and other current assets	18,527	13,965
Total Current Assets	304,878	235,842
Property and Equipment, net of accumulated depreciation of $746,864 and $766,655, respectively	1,285,920	1,276,976
Other Assets:	'	'
Equity investments	131,431	134,327
Intangible assets, net	179,315	178,628
Goodwill	118,791	118,791
Other	72,707	72,942
Total Other Assets, Total	502,244	504,688
Total Assets	2,093,042	2,017,506
Current Liabilities:	'	'
Current portion of long-term debt	2,908	2,807
Accounts payable	31,114	27,669
Deferred income	76,554	35,679
Other current liabilities	19,773	15,907
Total Current Liabilities	130,349	82,062
Long-Term Debt	271,420	271,680
Deferred Income Taxes	373,022	366,531
Long-Term Deferred Income	8,350	8,604
Other Long-Term Liabilities	2,258	1,474
Commitments and Contingencies	0	0
Shareholders' Equity:	'	'
Additional paid-in capital	445,526	445,097
Retained earnings	866,130	846,235
Accumulated other comprehensive loss	-4,474	-4,638
Total Shareholders' Equity	1,307,643	1,287,155
Total Liabilities and Shareholders' Equity	2,093,042	2,017,506
Class A Common Stock $.01 Par Value	'	'
Shareholders' Equity:	'	'
Common Stock Value	261	261
Class B Common Stock $.01 Par Value	'	'
Shareholders' Equity:	'	'
Common Stock Value	$200	$200

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Feb. 28, 2014	Nov. 30, 2013
In Thousands, except Share data, unless otherwise specified
Allowance for receivables	$1,000	$1,000
Property and Equipment, accumulated depreciation	$766,655	$746,864
Class A Common Stock $.01 Par Value	'	'
Common Stock, par value	$0.01	$0.01
Common Stock, shares authorized	80,000,000	80,000,000
Common Stock, shares issued	26,195,977	26,182,518
Common Stock, shares outstanding	26,195,977	26,182,518
Class B Common Stock $.01 Par Value	'	'
Common Stock, par value	$0.01	$0.01
Common Stock, shares authorized	40,000,000	40,000,000
Common Stock, shares issued	19,980,913	19,994,663
Common Stock, shares outstanding	19,980,913	19,994,663

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Feb. 28, 2014	Feb. 28, 2013
REVENUES:	'	'
Admissions, net	$30,055	$30,737
Motorsports related	85,228	84,605
Food, beverage and merchandise	13,208	10,174
Other	3,298	3,036
Total revenues	131,789	128,552
Direct:	'	'
Prize and point fund monies and NASCAR sanction fees	27,151	26,345
Motorsports related	22,824	22,302
Food, beverage and merchandise	10,102	7,283
General and administrative	24,380	26,088
Depreciation and amortization	22,773	19,842
Losses on asset retirements	2,220	1,545
Costs and Expenses, Total	109,450	103,405
Operating income (loss)	22,339	25,147
Interest income	23	20
Interest expense	-3,133	-3,962
Equity in net income from equity investments	1,619	1,020
Other	5,458	'
Income (loss) before income taxes	26,306	22,225
Income taxes	6,411	8,712
Net income (loss)	$19,895	$13,513
Earnings per share:	'	'
Basic and diluted	$0.43	$0.29
Basic weighted average shares outstanding	46,515,208	46,423,324
Diluted weighted average shares outstanding	46,530,016	46,436,343

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2014	Feb. 28, 2013
Statement of Comprehensive Income [Abstract]	'	'
Net income	$19,895	$13,513
Other comprehensive income:	'	'
Amortization of terminated interest rate swap, net of tax benefit of $106 and $106, respectively	164	164
Comprehensive income	20,059	13,677
Amortization of interest rate swap, net of tax benefit	$106	$106

Consolidated_Statement_of_Shar

Consolidated Statement of Shareholders' Equity (USD $)	Total	Class A Common Stock $.01 Par Value	Class B Common Stock $.01 Par Value	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
In Thousands, unless otherwise specified
Balance at Nov. 30, 2013	$1,287,155	$261	$200	$445,097	$846,235	($4,638)
Activity 12/1/13 b 2/28/14:	'	'	'	'	'	'
Net income	19,895	'	'	'	19,895	'
Comprehensive income	164	'	'	'	'	164
Stock-based compensation	429	'	'	429	'	'
Balance at Feb. 28, 2014	$1,307,643	$261	$200	$445,526	$866,130	($4,474)

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2014	Feb. 28, 2013
OPERATING ACTIVITIES	'	'
Net income	$19,895	$13,513
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Gain on assumption of controlling interest in equity investee	-5,447	0
Depreciation and amortization	22,773	19,842
Stock-based compensation	429	523
Amortization of financing costs	444	485
Deferred income taxes	6,206	710
Income from equity investments	-1,619	-1,020
Distribution from equity investee	1,906	0
Loss on asset retirements, non-cash	18	719
Other, net	-16	-44
Changes in operating assets and liabilities:	'	'
Receivables, net	-54,518	-48,127
Inventories, prepaid expenses and other assets	-11,743	-12,040
Accounts payable and other liabilities	2,364	6,116
Deferred income	40,621	45,667
Income taxes	16,051	8,318
Net cash provided by operating activities	37,364	34,662
INVESTING ACTIVITIES	'	'
Capital expenditures	-31,247	-6,106
Distribution from equity investee and affiliate	2,594	4,500
Proceeds from sale of Staten Island property	6,314	0
Cash included in assumption of ownership interest in equity investee	4,686	0
Other, net	235	0
Net cash used in investing activities	-17,418	-1,606
FINANCING ACTIVITIES	'	'
Payment of long-term debt	-175	-166
Net cash used in financing activities	-175	-166
Net increase in cash and cash equivalents	19,771	32,890
Cash and cash equivalents at beginning of period	172,827	78,379
Cash and cash equivalents at end of period	$192,598	$111,269

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Feb. 28, 2014
Text Block [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared in compliance with Rule 10-01 of Regulation S-X and accounting principles generally accepted in the United States for interim financial information but do not include all of the information and disclosures required for complete financial statements. The balance sheet at November 30, 2013, has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. The statements should be read in conjunction with the consolidated financial statements and notes thereto included in the latest annual report on Form 10-K for International Speedway Corporation and its wholly-owned subsidiaries (the “Company” or “ISC”). In management’s opinion, the statements include all adjustments which are necessary for a fair presentation of the results for the interim periods. All such adjustments are of a normal recurring nature.
	Certain prior year amounts in the Consolidated Statements of Cash Flows have been reclassified to conform to the current year presentation.
	Because of the seasonal concentration of racing events, the results of operations for the three months ended February 28, 2013 and 2014, respectively, are not indicative of the results to be expected for the year.

New_Accounting_Pronouncements

New Accounting Pronouncements	3 Months Ended
	Feb. 28, 2014
Text Block [Abstract]	'
New Accounting Pronouncements	'
	New Accounting Pronouncements
	In February 2013, FASB issued ASU No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income”. The objective of this Update is to set requirements for presentation for significant items reclassified to net income in their entirety during the period and for items not reclassified to net income in their entirety during the period. For public entities, the amended requirements are effective for fiscal years, and interim periods within those years, beginning after December 15, 2012. This statement only impacts disclosures of reclassification adjustments and is not material to the Company's financial statement presentation. The Company has adopted the amendments of this statement in the first quarter of fiscal 2014.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	Feb. 28, 2014
Text Block [Abstract]	'
Earnings Per Share	'
	Earnings Per Share
	The following table sets forth the computation of basic and diluted earnings per share for the three months ended February 28, 2013 and 2014 (in thousands, except share and per share amounts):
		Three Months Ended
		February 28,		February 28,
		2013		2014
	Numerator:
	Net income	$	13,513	$	19,895
	Denominator:
	Weighted average shares outstanding	46,423,324		46,515,208
	Effect of dilutive securities	13,019		14,808
	Diluted weighted average shares outstanding	46,436,343		46,530,016
	Basic and diluted earnings per share	$	0.29	$	0.43
	Anti-dilutive shares excluded in the computation of diluted earnings per share	224,252		136,501

Equity_and_Other_Investments

Equity and Other Investments	3 Months Ended
	Feb. 28, 2014
Text Block [Abstract]	'
Equity and Other Investments	'
	Equity and Other Investments
	Hollywood Casino at Kansas Speedway
	Kansas Entertainment, LLC, (“Kansas Entertainment”) a 50/50 joint venture of Penn Hollywood Kansas, Inc. (“Penn”), a subsidiary of Penn National Gaming, Inc. and Kansas Speedway Development Corporation (“KSDC”), a wholly owned indirect subsidiary of ISC, operates the Hollywood-themed casino and branded destination entertainment facility, overlooking turn two at Kansas Speedway. Penn is the managing member of Kansas Entertainment and is responsible for the operations of the casino.
	The Company has accounted for Kansas Entertainment as an equity investment in its financial statements as of February 28, 2013 and 2014. The Company's 50.0 percent portion of Kansas Entertainment’s net income is approximately $1.0 million and $1.6 million for the three months ended February 28, 2013 and 2014, respectively, and is included in equity in net income from equity investments in its consolidated statements of operations.
	Distributions from Kansas Entertainment, for the three months ended February 28, 2014, totaling $4.5 million, consists of $1.9 million received as a distribution from its profits, and is included in net cash provided by operating activities on the Company's statement of cash flows, and the remaining $2.6 million received, which was recognized as a return of capital from investing activities on the Company's statement of cash flows. Distributions from Kansas Entertainment, for the three months ended February 28, 2013, totaling $4.5 million, was recognized as a return of capital from investing activities on the Company's statement of cash flows.
	Subsequent to February 28, 2014, The Company received an additional distribution of approximately $5.5 million.
	Staten Island Property
	On August 5, 2013, the Company announced that it sold its 676 acre parcel of property located in Staten Island, New York, to Staten Island Marine Development, LLC (“Marine Development”).  Marine Development purchased 100 percent of the outstanding equity membership interests of 380 Development LLC (“380 Development”), a wholly owned indirect subsidiary of ISC and owner of the Staten Island property, for a total sales price of $80.0 million. In addition, the Company previously received approximately $4.2 million for an option provided to the purchaser that is nonrefundable and does not apply to the $80.0 million sales price.
	The Company received $7.5 million, less closing and other administrative costs, of the sales price at closing.  The remaining sales price was financed with the Company holding a secured mortgage interest in 380 Development as well as the underlying property.  The mortgage balance bears interest at an annual rate of 7.0 percent. In accordance with the terms of the agreement, the Company received approximately $6.1 million plus interest on this mortgage balance in February 2014, and will receive the remaining purchase price of $66.4 million, due March 5, 2016. Interest on the latter mortgage balance will be paid 12 months after closing and then quarterly, in arrears. Based on the level of Marine Development's initial investment at closing and continuing investment, the Company has accounted for the transaction using the cost recovery method and has deferred the recognition of profit of $1.9 million, and accrued interest totaling approximately $0.7 million at February 28, 2014, until the carrying amount of the property is recovered, which will not be until the final payment is made.
	As a result of the sale, the Company expects to receive a cash tax benefit of approximately $41.9 million, based on its current corporate tax rate. This cash tax benefit, when combined with the net proceeds from the sale total approximately $118.0 million in incremental cash flow as a result of the sale.
	Motorsports Authentics
	Prior to January 31, 2014, the Company was partners with Speedway Motorsports, Inc. ("SMI") in a 50/50 joint venture, SMISC, LLC, which, through its wholly owned subsidiary Motorsports Authentics, LLC conducts business under the name Motorsports Authentics (“MA”). MA designs, promotes, markets and distributes motorsports licensed merchandise. On January 31, 2014, SMI abandoned its interest and rights in SMISC, LLC, consequently bringing the Company's ownership to 100.0 percent. MA's operations are included in the Company's consolidated operations subsequent to the date of SMI's abandonment. Prior to January 31, 2014, MA was accounted for as an equity investment in the Company's financial statements.
	As a result of SMI's abandonment of their interest in SMISC, LLC, the Company recorded other income of approximately $5.4 million, representing the fair value of MA, over the carrying value, as of January 31, 2014. The fair value was based on a discounted cash flow analysis using level 3 inputs. Most of the fair value represents the value of MA's working capital and the fair value was not sensitive to assumptions used in the discounted cash flow analysis.
	In addition, the Company recognized a tax benefit of approximately $1.8 million, representing the benefit associated with various operating loss carryforwards of MA that are expected to be realized in its consolidated tax filings in the future. MA's income, subsequent to consolidation, was immaterial, and is included in the Motorsports Event segment.
	Prior to the SMI abandonment of SMISC, LLC, no equity income was recognized in prior periods, by the Company, as MA operated at breakeven.

Goodwill_and_Intangible_Assets

Goodwill and Intangible Assets	3 Months Ended
	Feb. 28, 2014
Text Block [Abstract]	'
Goodwill and Intangible Assets	'
	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):
			30-Nov-13
			Gross Carrying		Accumulated		Net Carrying
			Amount		Amortization		Amount
	Amortized intangible assets:
	Food, beverage and merchandise contracts		$	10	$	8	$	2
	Other		92		72		20
	Total amortized intangible assets		102		80		22
	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	$	80	$	178,628
			28-Feb-14
			Gross Carrying		Accumulated		Net Carrying
			Amount		Amortization		Amount
	Amortized intangible assets:
	Food, beverage and merchandise contracts		$	714	$	22	$	692
	Other		92		75		17
	Total amortized intangible assets		806		97		709
	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		$	179,412	$	97	$	179,315
	The following table presents current and expected amortization expense of the existing intangible assets as of February 28, 2014 for each of the following periods (in thousands):
	Amortization expense for the three months ended February 28, 2014	$	17
	Remaining estimated amortization expense for the year ending November 30:
	2014	85
	2015	110
	2016	104
	2017	103
	2018	103
	There were no changes in the carrying value of goodwill during the three months ended February 28, 2014.

LongTerm_Debt

Long-Term Debt	3 Months Ended
	Feb. 28, 2014
Text Block [Abstract]	'
Long-Term Debt	'
	Long-Term Debt
	Long-term debt consists of the following (in thousands):
			November 30, 2013			February 28, 2014
	4.63 percent Senior Notes		$	65,000		$	65,000
	3.95 percent Senior Notes		100,000			100,000
	4.82 percent Revenue Bonds		662			583
	6.25 percent Term Loan		49,948			49,852
	TIF bond debt service funding commitment		58,877			58,893
	Revolving Credit Facility		—			—
			274,487			274,328
	Less: current portion		2,807			2,908
			$	271,680		$	271,420
	The Company's $65.0 million principal amount of senior unsecured notes (“4.63 percent Senior Notes”) bear interest at 4.63 percent and are due January 2021, require semi-annual interest payments on January 18 and July 18 through their maturity. The 4.63 percent Senior Notes may be redeemed in whole or in part, at the Company’s option, at any time or from time to time at redemption prices as defined in the indenture. Certain of the Company’s wholly owned domestic subsidiaries are guarantors of the 4.63 percent Senior Notes. Certain restrictive covenants of the 4.63 percent Senior Notes require that the Company's ratio of its Consolidated Funded Indebtedness to its Consolidated EBITDA ("leverage ratio") does not exceed 3.50 to 1.0, and its Consolidated EBITDA to Consolidated Interest Expense ("interest coverage ratio") is not less than 2.0 to 1.0. In addition the Company may not permit the aggregate of certain Priority Debt to exceed 15.0 percent of its Consolidated Net Worth. The 4.63 percent Senior Notes contain various other affirmative and negative restrictive covenants including, among others, limitations on liens, sales of assets, mergers and consolidations and certain transactions with affiliates. As of February 28, 2014, the Company was in compliance with its various restrictive covenants. At February 28, 2014, outstanding principal on the 4.63 percent Senior Notes was approximately $65.0 million.
	The Company's $100.0 million principal amount of senior unsecured notes (“3.95 percent Senior Notes”) bear interest at 3.95 percent and are due September 2024. The 3.95 percent Senior Notes require semi-annual interest payments on March 13 and September 13 through their maturity. The 3.95 percent Senior Notes may be redeemed in whole or in part, at the Company's option, at any time or from time to time at redemption prices as defined in the indenture. Certain of the Company's wholly owned domestic subsidiaries are guarantors of the 3.95 percent Senior Notes. Certain restrictive covenants of the 3.95 percent Senior Notes require that the Company's leverage ratio does not exceed 3.50 to 1.0, and its interest coverage ratio is not less than 2.0 to 1.0. In addition the Company may not permit the aggregate of certain Priority Debt to exceed 15.0 percent of its Consolidated Net Worth. The 3.95 percent Senior Notes contain various other affirmative and negative restrictive covenants including, among others, limitations on liens, sales of assets, mergers and consolidations and certain transactions with affiliates. As of February 28, 2014, the Company was in compliance with its various restrictive covenants. At February 28, 2014, outstanding principal on the 3.95 percent Senior Notes was approximately $100.0 million.
	Debt associated with the Company's wholly owned subsidiary, Chicagoland Speedway Corporation, which owns and operates Chicagoland Speedway and Route 66 Raceway, has debt outstanding in the form of revenue bonds payable (“4.82 percent Revenue Bonds”), consisting of economic development revenue bonds issued by the City of Joliet, Illinois to finance certain land improvements. The 4.82 percent Revenue Bonds have an interest rate of 4.82 percent and a monthly payment of $29,000 principal and interest. At February 28, 2014, outstanding principal on the 4.82 percent Revenue Bonds was approximately $0.6 million.
	The term loan (“6.25 percent Term Loan”), related to the Company’s International Motorsports Center, has a 25 year term due October 2034, an interest rate of 6.25 percent, and a current monthly payment of approximately $292,000. At February 28, 2014, the outstanding principal on the 6.25 percent Term Loan was approximately $49.9 million.
	At February 28, 2014, outstanding taxable special obligation revenue (“TIF”) bonds, in connection with the financing of Kansas Speedway, totaled approximately $58.9 million, net of the unamortized discount, which is comprised of a $9.8 million principal amount, 6.15 percent term bond due December 1, 2017 and a $49.7 million principal amount, 6.75 percent term bond due December 1, 2027. The TIF bonds are repaid by the Unified Government of Wyandotte County/Kansas City, Kansas (“Unified Government”) with payments made in lieu of property taxes (“Funding Commitment”) by the Company’s wholly owned subsidiary, Kansas Speedway Corporation (“KSC”). Principal (mandatory redemption) payments per the Funding Commitment are payable by KSC on October 1 of each year. The semi-annual interest component of the Funding Commitment is payable on April 1 and October 1 of each year. KSC granted a mortgage and security interest in the Kansas project for its Funding Commitment obligation.
	The Company's $300.0 million revolving credit facility (“2012 Credit Facility”) contains a feature that allows the Company to increase the credit facility to a total of $500.0 million, subject to certain conditions, provides for separate sub-limits of $25.0 million for standby letters of credit and $10.0 million for swing line loans. The 2012 Credit Facility is scheduled to mature in November 2017. Interest accrues, at the Company's option, at either LIBOR plus 100.0 — 162.5 basis points or a base rate loan at the highest of i) Wells Fargo Bank's prime lending rate, ii) the Federal Funds rate, as in effect from time to time, plus 0.5 percent, and iii) one month LIBOR plus 1.0 percent. The 2012 Credit Facility also contains a commitment fee ranging from 0.125 percent to 0.225 percent of unused amounts available for borrowing. The interest rate margin on the LIBOR borrowings and commitment fee are variable depending on the better of the Company's debt rating as determined by specified rating agencies or its leverage ratio. Certain of the Company's wholly owned domestic subsidiaries are guarantors on the 2012 Credit Facility. The 2012 Credit Facility requires that the Company's leverage ratio does not exceed 3.50 to 1.0 (4.0 to 1.0 for the four quarters ending after any Permitted Acquisition), and its interest coverage ratio is not less than 2.5 to 1.0. The 2012 Credit Facility also contains various other affirmative and negative restrictive covenants including, among others, limitations on indebtedness, investments, sales of assets, certain transactions with affiliates, entering into certain restrictive agreements and making certain restricted payments as detailed in the agreement. As of February 28, 2014, the Company was in compliance with its various restrictive covenants. At February 28, 2014, the Company had no outstanding borrowings under the 2012 Credit Facility.
	Total interest expense incurred by the Company for the three months ended February 28, are as follows (in thousands):
		2013			2014
	Interest expense	$	4,154		$	4,114
	Less: capitalized interest	192			981
	Net interest expense	$	3,962		$	3,133
	Financing costs of approximately $4.4 million and $4.2 million, net of accumulated amortization, have been deferred and are included in other assets at November 30, 2013 and February 28, 2014, respectively. These costs are being amortized on a straight-line method, which approximates the effective yield method, over the life of the related financing.

Financial_Instruments

Financial Instruments	3 Months Ended
	Feb. 28, 2014
Text Block [Abstract]	'
Financial Instruments	'
	Financial Instruments
	Various inputs are considered when determining the carrying values of cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities which approximate fair value due to the short-term maturities of these assets and liabilities. These inputs are summarized in the three broad levels listed below:
	•	Level 1 — observable market inputs that are unadjusted quoted prices for identical assets or liabilities in active markets
	•	Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.)
	•	Level 3 — significant unobservable inputs (including the Company’s own assumptions in determining the fair value of investments)
	At February 28, 2014, the Company had money market funds totaling approximately $62.3 million which are included in cash and cash equivalents in its consolidated balance sheets. All inputs used to determine fair value are considered level 1 inputs.
	Fair values of long-term debt are based on quoted market prices at the date of measurement. The Company’s credit facilities approximate fair value as they bear interest rates that approximate market. These inputs used to determine fair value are considered level 2 inputs. The fair value of the remaining long-term debt, as determined by quotes from financial institutions, was approximately $293.0 million compared to the carrying amount of approximately $274.5 million and approximately $294.6 million compared to the carrying amount of approximately $274.3 million at November 30, 2013 and February 28, 2014, respectively.
	The Company had no financial instruments that used level 3 inputs as of February 28, 2014.

Comprehensive_Income

Comprehensive Income	3 Months Ended
	Feb. 28, 2014
Statement of Comprehensive Income [Abstract]	'
Comprehensive Income	'
	Comprehensive Income
	Comprehensive income is the changes in equity of an enterprise except those resulting from shareholder transactions. Accumulated other comprehensive loss consists of the following (in thousands):
		November 30, 2013		February 28, 2014
	Terminated interest rate swap, net of tax benefit of $3,025 and $2,918, respectively	$	4,638	$	4,474

Income_Taxes

Income Taxes	3 Months Ended
	Feb. 28, 2014
Text Block [Abstract]	'
Income Taxes	'
	Income Taxes
	The Company's effective income tax rate of 39.2 percent for the three months ended February 28, 2013, approximated the statutory income tax rate. The tax treatment related to the other income recognized as a result of SMI's abandonment of their interest in SMISC, LLC along with the tax benefit of approximately $1.8 million, representing the benefit associated with various operating loss carryforwards of MA are the principal causes of the decreased effective income tax rate for the three months ended February 28, 2014. As a result of these items, the Company's effective income tax rate is 24.4 percent for the three months ended February 28, 2014.

Related_Party_Disclosures_and_

Related Party Disclosures and Transactions	3 Months Ended
	Feb. 28, 2014
Text Block [Abstract]	'
Related Party Disclosures and Transactions	'
	Related Party Disclosures and Transactions
	All of the racing events that take place during the Company’s fiscal year are sanctioned by various racing organizations such as the American Historic Racing Motorcycle Association, the American Motorcyclist Association, the Automobile Racing Club of America, the American Sportbike Racing Association — Championship Cup Series, the Federation Internationale de L’Automobile, the Federation Internationale Motocycliste, International Motor Sports Association (“IMSA”), Historic Sportscar Racing, IndyCar Series, National Association for Stock Car Auto Racing (“NASCAR”), National Hot Rod Association, the Porsche Club of America, the Sports Car Club of America, the Sportscar Vintage Racing Association, the United States Auto Club and the World Karting Association. NASCAR, which sanctions many of the Company’s principal racing events, is a member of the France Family Group which controls approximately 72.0 percent of the combined voting power of the outstanding stock of the Company, as of November 30, 2013, and some members of which serve as directors and officers of the Company. Standard NASCAR sanction agreements require racetrack operators to pay sanction fees and prize and point fund monies for each sanctioned event conducted. The prize and point fund monies are distributed by NASCAR to participants in the events. Prize and point fund monies paid by the Company to NASCAR from continuing operations for disbursement to competitors, which are exclusive of NASCAR sanction fees, totaled approximately $23.2 million and $23.7 million for the three months ended February 28, 2013 and 2014, respectively.
	Under current agreements, NASCAR contracts directly with certain network providers for television rights to the entire NASCAR Sprint Cup, Nationwide and Camping World Truck series schedules. Under the terms of this arrangement, NASCAR retains 10.0 percent of the gross broadcast rights fees allocated to each NASCAR Sprint Cup, Nationwide and Camping World Truck series event as a component of its sanction fees. The promoter records 90.0 percent of the gross broadcast rights fees as revenue and then records 25.0 percent of the gross broadcast rights fees as part of its awards to the competitors. Ultimately, the promoter retains 65.0 percent of the net cash proceeds from the gross broadcast rights fees allocated to the event. The Company’s television broadcast and ancillary rights fees from continuing operations received from NASCAR for the NASCAR Sprint Cup, Nationwide, and Camping World Truck series events conducted at its wholly owned facilities, and recorded as part of motorsports related revenue, were approximately $57.4 million and $58.0 million for the three months ended February 28, 2013 and 2014, respectively.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Feb. 28, 2014
Text Block [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	In October 2002, the Unified Government issued subordinate sales tax special obligation revenue bonds (“2002 STAR Bonds”) totaling approximately $6.3 million to reimburse the Company for certain construction already completed on the second phase of the Kansas Speedway project and to fund certain additional construction. The 2002 STAR Bonds, which require annual debt service payments and are due December 1, 2022, will be retired with state and local taxes generated within the speedway’s boundaries and are not the Company’s obligation. KSC has agreed to guarantee the payment of principal and any required premium and interest on the 2002 STAR Bonds. At February 28, 2014, the Unified Government had approximately $1.4 million outstanding on 2002 STAR Bonds. Under a keepwell agreement, the Company has agreed to provide financial assistance to KSC, if necessary, to support KSC’s guarantee of the 2002 STAR Bonds.
	In connection with the Company’s automobile and workers’ compensation insurance coverages and certain construction contracts, the Company has standby letter of credit agreements in favor of third parties totaling approximately $4.0 million at February 28, 2014. At February 28, 2014, there were no amounts drawn on the standby letters of credit.
	DAYTONA Rising: Reimagining an American Icon
	The Company is currently redeveloping the frontstretch of Daytona International Speedway ("Daytona"), the Company's 54-year-old flagship motorsports facility, to enhance the event experience for its fans, marketing partners, broadcasters and the motorsports industry. The redevelopment of Daytona has been branded DAYTONA Rising.
	The Company currently anticipates DAYTONA Rising to cost between $375.0 million to $400.0 million, excluding capitalized interest. The Company expects to fund DAYTONA Rising from cash on hand, cash from its operations, and may use borrowings on its credit facility for a limited period of time. In addition, the Company is pursuing legislation in the state of Florida that proposes the speedway receive similar tax incentives and rebates as Florida's other professional sports venues.
	Total spending incurred for DAYTONA Rising was approximately $29.4 million during the three months ended February 28, 2014. Based on the Company's current expectations of DAYTONA Rising, it has identified existing assets that are expected to be impacted by the redevelopment and that those assets will require accelerated depreciation or losses on asset retirements, totaling approximately $50.0 million over the approximate 26-month project time span. During the three months ended February 28, 2014, the Company recognized accelerated depreciation and losses on disposal of assets totaling approximately $4.2 million .
	As part of DAYTONA Rising, the Company entered into a Design-Build Agreement with Barton Malow Company (“Barton Malow”), which obligates it to pay Barton Malow approximately $316.0 million for the completion of the work described in the Design-Build Agreement. The amount is a stipulated sum to be paid for the work, which may not change unless the Company requests a change in the scope of work. The Design-Build Agreement contains certain provisions and representations usual and customary for agreements of this type, including, among others, provisions regarding liquidated damages to be assessed for work that is not completed according to the agreed upon schedule, provisions regarding payment schedules, and provisions regarding bonding and liability insurance policies applicable to the work. In addition, the Design-Build Agreement contains customary provisions regarding termination, review and inspection of the work, warranties and the use of subcontractors.
	Current Litigation
	The Company is from time to time a party to routine litigation incidental to its business. Management does not believe that the resolution of any or all of such litigation will have a material adverse effect on the Company’s financial condition or results of operations.

Segment_Reporting

Segment Reporting	3 Months Ended
	Feb. 28, 2014
Text Block [Abstract]	'
Segment Reporting	'
	Segment Reporting
	The general nature of the Company’s business is a motorsports themed amusement enterprise, furnishing amusement to the public in the form of motorsports themed entertainment. The Company’s motorsports event operations consist principally of racing events at its major motorsports entertainment facilities. The reporting units within the motorsports segment portfolio are reviewed together as the nature of the products and services, the production processes used, the type or class of customer using our products and services, and the methods used to distribute our products or provide their services are consistent in objectives and principles, and predominately uniform and centralized throughout the Company. The Company’s remaining business units, which are comprised of the radio network production and syndication of numerous racing events and programs, certain souvenir merchandising operations not associated with the promotion of motorsports events at the Company’s facilities, construction management services, leasing operations, and financing and licensing operations are included in the “All Other” segment. The Company evaluates financial performance of the business units on operating profit after allocation of corporate general and administrative (“G&A”) expenses. Corporate G&A expenses are allocated to business units based on each business unit’s net revenues to total net revenues.
	The accounting policies of the segments are the same as those described in the summary of significant accounting policies. Intersegment sales are accounted for at prices comparable to unaffiliated customers. The following tables provide segment reporting of the Company for the three months ended February 28, 2013 and 2014 (in thousands):
		Three Months Ended February 28, 2013
		Motorsports		All			Total
		Event		Other
	Revenues	$	124,000	$	4,957		$	128,957
	Depreciation and amortization	18,448		1,394			19,842
	Operating income (loss)	27,070		(1,923		)	25,147
	Capital expenditures	5,739		367			6,106
	Total assets	1,638,377		380,283			2,018,660
	Equity investments	—		142,899			142,899
		Three Months Ended February 28, 2014
		Motorsports		All			Total
		Event		Other
	Revenues	$	127,845	$	4,283		$	132,128
	Depreciation and amortization	21,315		1,458			22,773
	Operating income (loss)	24,758		(2,419		)	22,339
	Capital expenditures	30,361		886			31,247
	Total assets	1,589,960		503,082			2,093,042
	Equity investments	—		131,431			131,431
	Intersegment revenues were approximately $0.4 million and $0.3 million for the three months ended February 28, 2013 and 2014, respectively.
	During the three months ended February 28, 2014, the Company recognized approximately $0.4 million in marketing and consulting costs that is included in general and administrative expense related to DAYTONA Rising. These costs were included in the Motorsports Event segment. During the three months ended February 28, 2013, the Company recognized approximately $0.3 million of similar costs.
	During the three months ended February 28, 2014, the Company recognized approximately $3.0 million of accelerated depreciation that was recorded due to the shortening the service lives of certain assets associated with DAYTONA Rising and capacity management initiatives. There were no comparable amounts in the three months ended February 28, 2013.
	During the three months ended February 28, 2014, the Company recognized approximately $2.2 million of losses primarily attributable to demolition costs in connection with DAYTONA Rising. During the three months ended February 28, 2013, we recognized approximately $1.5 million of losses associated with asset retirements primarily attributable to the removal of assets not fully depreciated in connection with capacity management initiatives, DAYTONA Rising and other capital improvements.

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	3 Months Ended
	Feb. 28, 2014
Text Block [Abstract]	'
Computation of Basic and Diluted Earnings Per Share	'
	The following table sets forth the computation of basic and diluted earnings per share for the three months ended February 28, 2013 and 2014 (in thousands, except share and per share amounts):
		Three Months Ended
		February 28,		February 28,
		2013		2014
	Numerator:
	Net income	$	13,513	$	19,895
	Denominator:
	Weighted average shares outstanding	46,423,324		46,515,208
	Effect of dilutive securities	13,019		14,808
	Diluted weighted average shares outstanding	46,436,343		46,530,016
	Basic and diluted earnings per share	$	0.29	$	0.43
	Anti-dilutive shares excluded in the computation of diluted earnings per share	224,252		136,501

Goodwill_and_Intangible_Assets1

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Feb. 28, 2014
Text Block [Abstract]	'
Summary of 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):
			30-Nov-13
			Gross Carrying		Accumulated		Net Carrying
			Amount		Amortization		Amount
	Amortized intangible assets:
	Food, beverage and merchandise contracts		$	10	$	8	$	2
	Other		92		72		20
	Total amortized intangible assets		102		80		22
	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	$	80	$	178,628
			28-Feb-14
			Gross Carrying		Accumulated		Net Carrying
			Amount		Amortization		Amount
	Amortized intangible assets:
	Food, beverage and merchandise contracts		$	714	$	22	$	692
	Other		92		75		17
	Total amortized intangible assets		806		97		709
	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		$	179,412	$	97	$	179,315
Current and Expected Amortization Expense of Intangible Assets	'
	The following table presents current and expected amortization expense of the existing intangible assets as of February 28, 2014 for each of the following periods (in thousands):
	Amortization expense for the three months ended February 28, 2014	$	17
	Remaining estimated amortization expense for the year ending November 30:
	2014	85
	2015	110
	2016	104
	2017	103
	2018	103

LongTerm_Debt_Tables

Long-Term Debt (Tables)	3 Months Ended
	Feb. 28, 2014
Text Block [Abstract]	'
Long-Term Debt	'
	Long-term debt consists of the following (in thousands):
		November 30, 2013		February 28, 2014
	4.63 percent Senior Notes	$	65,000	$	65,000
	3.95 percent Senior Notes	100,000		100,000
	4.82 percent Revenue Bonds	662		583
	6.25 percent Term Loan	49,948		49,852
	TIF bond debt service funding commitment	58,877		58,893
	Revolving Credit Facility	—		—
		274,487		274,328
	Less: current portion	2,807		2,908
		$	271,680	$	271,420

Comprehensive_Income_Tables

Comprehensive Income (Tables)	3 Months Ended
	Feb. 28, 2014
Statement of Comprehensive Income [Abstract]	'
Schedule of Comprehensive Income (Loss)	'
	Comprehensive income is the changes in equity of an enterprise except those resulting from shareholder transactions. Accumulated other comprehensive loss consists of the following (in thousands):
		November 30, 2013		February 28, 2014
	Terminated interest rate swap, net of tax benefit of $3,025 and $2,918, respectively	$	4,638	$	4,474

Segment_Reporting_Tables

Segment Reporting (Tables)	3 Months Ended
	Feb. 28, 2014
Text Block [Abstract]	'
Segment Reporting	'
	The following tables provide segment reporting of the Company for the three months ended February 28, 2013 and 2014 (in thousands):
		Three Months Ended February 28, 2013
		Motorsports		All			Total
		Event		Other
	Revenues	$	124,000	$	4,957		$	128,957
	Depreciation and amortization	18,448		1,394			19,842
	Operating income (loss)	27,070		(1,923		)	25,147
	Capital expenditures	5,739		367			6,106
	Total assets	1,638,377		380,283			2,018,660
	Equity investments	—		142,899			142,899
		Three Months Ended February 28, 2014
		Motorsports		All			Total
		Event		Other
	Revenues	$	127,845	$	4,283		$	132,128
	Depreciation and amortization	21,315		1,458			22,773
	Operating income (loss)	24,758		(2,419		)	22,339
	Capital expenditures	30,361		886			31,247
	Total assets	1,589,960		503,082			2,093,042
	Equity investments	—		131,431			131,431

Computation_of_Basic_and_Dilut

Computation of Basic and Diluted Earnings Per Share (Detail) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Feb. 28, 2014	Feb. 28, 2013
Numerator:	'	'
Net (loss) income	$19,895	$13,513
Denominator:	'	'
Weighted average shares outstanding	46,515,208	46,423,324
Effect of dilutive securities	14,808	13,019
Diluted weighted average shares outstanding	46,530,016	46,436,343
Basic and diluted earnings per share	'	'
Basic and diluted earnings per share	$0.43	$0.29
Anti-dilutive shares excluded in the computation of diluted earnings per share	136,501	224,252

Equity_and_Other_Investments_A

Equity and Other Investments - Additional Information (Detail) (USD $)

3 Months Ended

3 Months Ended

1 Months Ended

0 Months Ended

3 Months Ended

Feb. 28, 2014

Feb. 28, 2013

Nov. 30, 2013

Feb. 28, 2014

Feb. 28, 2013

Feb. 29, 2012

Mar. 31, 2014

Aug. 05, 2013

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Feb. 28, 2014

Jan. 31, 2014

Kansas Entertainment

Kansas Entertainment

Kansas Entertainment

Kansas Entertainment

380 Development

380 Development

380 Development

380 Development

Motorsports Authentics

Motorsports Authentics

Subsequent Event [Member]

acre

6 months after closing

31 months after closing

Schedule of Equity Method Investments [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Ownership interest in joint venture

'

'

'

50.00%

'

50.00%

'

100.00%

'

'

'

100.00%

50.00%

Equity in net loss from equity investments

$1,619,000

$1,020,000

'

$1,600,000

$1,000,000

'

'

'

'

'

'

'

'

Distribution from equity investee

1,906,000

0

'

4,500,000

4,500,000

'

5,500,000

7,500,000

'

6,100,000

66,400,000

'

'

Equity Method Investment, Profit, Deferred

'

'

'

'

'

'

'

'

1,900,000

'

'

'

'

Equity Method Investment, Accrued Interest, Deferred

'

'

'

'

'

'

'

'

700,000

'

'

'

'

Distribution from equity investee and affiliate

2,594,000

4,500,000

'

'

'

'

'

'

'

'

'

'

'

Expected Cash Tax Benefit From Sale of Property

'

'

'

'

'

'

'

'

41,900,000

'

'

'

'

Expected Incremental Cash Flow From Net Proceeds and Cash Tax Benefit from Sale of Property

'

'

'

'

'

'

'

'

118,000,000

'

'

'

'

Number of acres purchased in the New York City borough of Staten Island

'

'

'

'

'

'

'

'

676

'

'

'

'

Equity method investment sold, carrying amount

'

'

'

'

'

'

'

80,000,000

'

'

'

'

'

Equity Method Investment, Option Received

'

'

'

'

'

'

'

4,200,000

'

'

'

'

'

Debt, interest rate

'

'

'

'

'

'

'

7.00%

'

'

'

'

'

Equity investments

131,431,000

'

134,327,000

'

'

'

'

'

'

'

'

'

5,400,000

Income Tax Expense (Benefit)

$6,411,000

$8,712,000

'

'

'

'

'

'

'

'

'

$1,800,000

'

Summary_of_Intangible_Assets_D

Summary of Intangible Assets (Detail) (USD $)	Feb. 28, 2014	Nov. 30, 2013
In Thousands, unless otherwise specified
Intangible Assets by Major Class [Line Items]	'	'
Net Carrying Amount	$179,315	$178,628
Motorsports Event	'	'
Intangible Assets by Major Class [Line Items]	'	'
Gross Carrying Amount	179,412	178,708
Accumulated Amortization	97	80
Net Carrying Amount	179,315	178,628
Motorsports Event | Amortized intangible assets	'	'
Intangible Assets by Major Class [Line Items]	'	'
Gross Carrying Amount	806	102
Accumulated Amortization	97	80
Net Carrying Amount	709	22
Motorsports Event | Amortized intangible assets | Food, beverage and merchandise contracts	'	'
Intangible Assets by Major Class [Line Items]	'	'
Gross Carrying Amount	714	10
Accumulated Amortization	22	8
Net Carrying Amount	692	2
Motorsports Event | Amortized intangible assets | Other	'	'
Intangible Assets by Major Class [Line Items]	'	'
Gross Carrying Amount	92	92
Accumulated Amortization	75	72
Net Carrying Amount	17	20
Motorsports Event | Non-amortized intangible assets	'	'
Intangible Assets by Major Class [Line Items]	'	'
Gross Carrying Amount	178,606	178,606
Net Carrying Amount	178,606	178,606
Motorsports Event | Non-amortized intangible assets | Other	'	'
Intangible Assets by Major Class [Line Items]	'	'
Gross Carrying Amount	793	793
Net Carrying Amount	793	793
Motorsports Event | Non-amortized intangible assets | NASCAR - sanction agreements	'	'
Intangible Assets by Major Class [Line Items]	'	'
Gross Carrying Amount	177,813	177,813
Net Carrying Amount	$177,813	$177,813

Current_and_Expected_Amortizat

Current and Expected Amortization Expense of Intangible Assets (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2014
Disclosure Current And Expected Amortization Expense Of Intangible Assets [Abstract]	'
Amortization expense for the three months ended February 28, 2014	$17
Remaining estimated amortization expense for the year ending November 30:	'
2014	85
2015	110
2016	104
2017	103
2018	$103

Goodwill_and_Intangible_Assets2

Goodwill and Intangible Assets - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Feb. 28, 2014
Disclosure Goodwill And Intangible Assets Additional Information [Abstract]	'
Changes in carrying value of goodwill	$0

LongTerm_Debt_Detail

Long-Term Debt (Detail) (USD $)	Feb. 28, 2014	Nov. 30, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Long-term debt	$274,328	$274,487
Less: current portion	2,908	2,807
Long-Term Debt	271,420	271,680
4.63 percent Senior Notes	'	'
Debt Instrument [Line Items]	'	'
Long-term debt	65,000	65,000
3.95 percent Senior Notes	'	'
Debt Instrument [Line Items]	'	'
Long-term debt	100,000	100,000
4.82 percent Revenue Bonds	'	'
Debt Instrument [Line Items]	'	'
Long-term debt	583	662
6.25 percent Term Loan	'	'
Debt Instrument [Line Items]	'	'
Long-term debt	49,852	49,948
TIF bond debt service funding commitment	'	'
Debt Instrument [Line Items]	'	'
Long-term debt	58,893	58,877
Revolving Credit Facility	'	'
Debt Instrument [Line Items]	'	'
Long-term debt	$0	$0

LongTerm_Debt_Parenthetical_De

Long-Term Debt (Parenthetical) (Detail)	Feb. 28, 2014	Nov. 30, 2013
4.63 percent Senior Notes	'	'
Debt Instrument [Line Items]	'	'
Debt, interest rate	4.63%	4.63%
3.95 percent Senior Notes	'	'
Debt Instrument [Line Items]	'	'
Debt, interest rate	3.95%	3.95%
4.82 percent Revenue Bonds	'	'
Debt Instrument [Line Items]	'	'
Debt, interest rate	4.82%	4.82%
6.25 percent Term Loan	'	'
Debt Instrument [Line Items]	'	'
Debt, interest rate	6.25%	6.25%

LongTerm_Debt_Additional_Infor

Long-Term Debt - Additional Information (Detail) (USD $)	3 Months Ended
	Feb. 28, 2014	Feb. 28, 2013	Nov. 30, 2013
Debt Disclosure [Line Items]	'	'	'
Long-term debt	$274,328,000	'	$274,487,000
Stockholders' Equity Attributable to Parent	1,307,643,000	'	1,287,155,000
Interest expense	3,133,000	3,962,000	'
Financing costs deferred	4,200,000	'	4,400,000
4.63 percent Senior Notes	'	'	'
Debt Disclosure [Line Items]	'	'	'
Proceeds from long-term debt	65,000,000	'	'
Debt, interest rate	4.63%	'	4.63%
Frequency of periodic payment	'semi-annual	'	'
Debt Instrument, Covenant, Leverage Ratio, Maximum	3.5	'	'
Debt Instrument, Covenant, Interest Coverage Ratio, Maximum	2	'	'
Debt Instrument, Covenant Consolidated Net Worth, Percentage, Maximum	15.00%	'	'
Long-term debt	65,000,000	'	65,000,000
4.63 percent Senior Notes | Semi Annual Payment, First Payment	'	'	'
Debt Disclosure [Line Items]	'	'	'
Debt Instrument Interest Rate Payment Date	'January 18	'	'
4.63 percent Senior Notes | Semi Annual Payment, Second Payment	'	'	'
Debt Disclosure [Line Items]	'	'	'
Debt Instrument Interest Rate Payment Date	'JulyB 18	'	'
3.95 percent Senior Notes	'	'	'
Debt Disclosure [Line Items]	'	'	'
Proceeds from long-term debt	100,000,000	'	'
Debt, interest rate	3.95%	'	3.95%
Frequency of periodic payment	'semi-annual	'	'
Debt Instrument, Covenant, Leverage Ratio, Maximum	3.5	'	'
Debt Instrument, Covenant Consolidated Net Worth, Percentage, Maximum	15.00%	'	'
Long-term debt	100,000,000	'	100,000,000
3.95 percent Senior Notes | Semi Annual Payment, First Payment	'	'	'
Debt Disclosure [Line Items]	'	'	'
Debt Instrument Interest Rate Payment Date	'March 13	'	'
3.95 percent Senior Notes | Semi Annual Payment, Second Payment	'	'	'
Debt Disclosure [Line Items]	'	'	'
Debt Instrument Interest Rate Payment Date	'September 13	'	'
4.82 percent Revenue Bonds	'	'	'
Debt Disclosure [Line Items]	'	'	'
Debt, interest rate	4.82%	'	4.82%
Long-term debt	583,000	'	662,000
Debt, monthly payment	29,000	'	'
6.25 percent Term Loan	'	'	'
Debt Disclosure [Line Items]	'	'	'
Debt, interest rate	6.25%	'	6.25%
Long-term debt	49,852,000	'	49,948,000
Debt, monthly payment	292,000	'	'
Debt term	25	'	'
TIF bond debt service funding commitment	'	'	'
Debt Disclosure [Line Items]	'	'	'
Long-term debt	58,893,000	'	58,877,000
Principal payment date	'OctoberB 1	'	'
TIF bond debt service funding commitment | Semi Annual Payment, First Payment	'	'	'
Debt Disclosure [Line Items]	'	'	'
Debt Instrument Interest Rate Payment Date	'AprilB 1	'	'
TIF bond debt service funding commitment | Semi Annual Payment, Second Payment	'	'	'
Debt Disclosure [Line Items]	'	'	'
Debt Instrument Interest Rate Payment Date	'OctoberB 1	'	'
TIF bond debt service funding commitment | Term Bond Due December 1st 2017	'	'	'
Debt Disclosure [Line Items]	'	'	'
Debt, interest rate	6.15%	'	'
Long-term debt	9,800,000	'	'
Debt, maturity date	1-Dec-17	'	'
TIF bond debt service funding commitment | Term Bond Due December 1st 2027	'	'	'
Debt Disclosure [Line Items]	'	'	'
Debt, interest rate	6.75%	'	'
Long-term debt	49,700,000	'	'
Debt, maturity date	1-Dec-27	'	'
2012 Credit Facility	'	'	'
Debt Disclosure [Line Items]	'	'	'
Debt Instrument, Covenant, Leverage Ratio, Maximum	3.5	'	'
Debt Instrument, Covenant, Interest Coverage Ratio, Maximum	2.5	'	'
Credit Facility current borrowing capacity	300,000,000	'	'
Credit Facility potential borrowing capacity	500,000,000	'	'
Debt instrument basis points	0.50%	'	'
Credit Facility amount outstanding	0	'	'
2012 Credit Facility | Minimum	'	'	'
Debt Disclosure [Line Items]	'	'	'
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.13%	'	'
2012 Credit Facility | Maximum	'	'	'
Debt Disclosure [Line Items]	'	'	'
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.23%	'	'
2012 Credit Facility | Standby Letters of Credit [Member]	'	'	'
Debt Disclosure [Line Items]	'	'	'
Credit Facility current borrowing capacity	25,000,000	'	'
2012 Credit Facility | Swing Line Loan [Member]	'	'	'
Debt Disclosure [Line Items]	'	'	'
Credit Facility current borrowing capacity	10,000,000	'	'
Accumulated Other Comprehensive Loss	'	'	'
Debt Disclosure [Line Items]	'	'	'
Stockholders' Equity Attributable to Parent	($4,474,000)	'	($4,638,000)
London Interbank Offered Rate (LIBOR) [Member] | 2012 Credit Facility	'	'	'
Debt Disclosure [Line Items]	'	'	'
Debt instrument basis points	1.00%	'	'
London Interbank Offered Rate (LIBOR) [Member] | 2012 Credit Facility | Minimum	'	'	'
Debt Disclosure [Line Items]	'	'	'
Debt instrument basis points	1.00%	'	'
London Interbank Offered Rate (LIBOR) [Member] | 2012 Credit Facility | Maximum	'	'	'
Debt Disclosure [Line Items]	'	'	'
Debt instrument basis points	1.63%	'	'

LongTerm_Debt_Schedule_of_Inte

Long-Term Debt Schedule of Interest Expense (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2014	Feb. 28, 2013
Debt Disclosure [Abstract]	'	'
Interest expense	$4,114	$4,154
Less: capitalized interest	981	192
Net interest expense	$3,133	$3,962

Financial_Instruments_Addition

Financial Instruments - Additional Information (Detail) (USD $)	Feb. 28, 2014	Nov. 30, 2013
In Millions, unless otherwise specified
Fair Value, Inputs, Level 1	'	'
Fair Value, Measurement Inputs, Disclosure [Line Items]	'	'
Money market funds	$62.30	'
Fair Value, Inputs, Level 2	'	'
Fair Value, Measurement Inputs, Disclosure [Line Items]	'	'
Long-term debt excluding credit facilities, fair value	294.6	293
Long-term debt excluding credit facilities, carrying amount	$274.30	$274.50

Comprehensive_Income_Details

Comprehensive Income (Details) (USD $)	Feb. 28, 2014	Nov. 30, 2013
In Thousands, unless otherwise specified
Statement of Comprehensive Income [Abstract]	'	'
Terminated interest rate swap, net of tax benefit of $3,448 and $3,130, respectively	$4,474	$4,638
Accumulated other comprehensive income (loss), terminated interest rate swap, tax	$2,918	$3,025

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2014	Feb. 28, 2013
Operating Loss Carryforwards [Line Items]	'	'
Effective income tax rate	24.40%	39.20%
Income Tax Expense (Benefit)	$6,411	$8,712
Motorsports Authentics	'	'
Operating Loss Carryforwards [Line Items]	'	'
Income Tax Expense (Benefit)	$1,800	'

Related_Party_Disclosures_and_1

Related Party Disclosures and Transactions - Additional Information (Detail) (USD $)	3 Months Ended			3 Months Ended
In Millions, unless otherwise specified	Feb. 28, 2014	Feb. 28, 2013	Nov. 30, 2013	Feb. 28, 2014	Feb. 28, 2014
			Majority Shareholder	NASCAR	Event Promoter
Related Party Transaction [Line Items]	'	'	'	'	'
France Family Group, which contains NASCAR, ownership of voting interest in the Company	'	'	72.00%	'	'
Prize and point fund monies paid to NASCAR	$23.70	$23.20	'	'	'
Allocation of broadcast rights fees for each NASCAR Sprint Cup, Nationwide or Camping World Truck series event	'	'	'	10.00%	90.00%
Prize money paid by event promoter as a percent of broadcast rights fees for each NASCAR Sprint Cup, Nationwide or Camping World Truck series event	'	'	'	'	25.00%
Allocation Of gross broadcast rights revenue retained by the promoter	'	'	'	'	65.00%
Television broadcast and ancillary rights fees from continuing operations received from NASCAR for the NASCAR Sprint Cup, Nationwide and Camping World Truck series events recorded as part of motorsports related revenue	$58	$57.40	'	'	'

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)	Feb. 28, 2014	Nov. 30, 2013	Oct. 31, 2002	Feb. 28, 2014	Feb. 28, 2014	Feb. 28, 2014	Feb. 28, 2014
			2002 STAR Bonds	2002 STAR Bonds	Daytona Rising	Minimum	Maximum
						Daytona Rising	Daytona Rising
Commitments and Contingencies Disclosure [Line Items]	'	'	'	'	'	'	'
Proceeds from long-term debt	'	'	$6,300,000	'	'	'	'
Frequency of periodic payment	'	'	'annual	'	'	'	'
Debt, maturity date	'	'	1-Dec-22	'	'	'	'
Long-term debt	274,328,000	274,487,000	'	1,400,000	'	'	'
Standby letter of credit agreements in favor of third parties	4,000,000	'	'	'	'	'	'
Restructuring and related cost, expected cost	'	'	'	'	'	375,000,000	400,000,000
Restructuring and related cost, cost incurred to date	'	'	'	'	29,400,000	'	'
Long-lived assets to be abandoned, carrying value of asset	'	'	'	'	50,000,000	'	'
Restructuring and related cost, long-lived assets to be abandoned, period	'	'	'	'	'26 months	'	'
Restructuring Reserve, Accelerated Depreciation	'	'	'	'	-4,200,000	'	'
Restructuring and related cost, anticipated cost, subject to change	'	'	'	'	$316,000,000	'	'

Commitments_and_Contingencies_1

Commitments and Contingencies Presentation (Details) (Daytona Rising, USD $)	3 Months Ended
In Millions, unless otherwise specified	Feb. 28, 2014
Daytona Rising	'
Property, Plant and Equipment [Line Items]	'
Restructuring and Related Cost, Accelerated Depreciation	($4.20)

Segment_Reporting_Detail

Segment Reporting (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2014	Feb. 28, 2013	Aug. 31, 2012
Segment Reporting Information [Line Items]	'	'	'
Revenues	$132,128	$128,957	'
Depreciation and amortization	22,773	19,842	'
Operating income (loss)	22,339	25,147	'
Capital expenditures	31,247	6,106	'
Total assets	2,093,042	'	2,018,660
Equity investments	131,431	'	142,899
Motorsports Event	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Revenues	127,845	124,000	'
Depreciation and amortization	21,315	18,448	'
Operating income (loss)	24,758	27,070	'
Capital expenditures	30,361	5,739	'
Total assets	1,589,960	'	1,638,377
Equity investments	'	'	'
All Other	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Revenues	4,283	4,957	'
Depreciation and amortization	1,458	1,394	'
Operating income (loss)	-2,419	-1,923	'
Capital expenditures	886	367	'
Total assets	503,082	'	380,283
Equity investments	$131,431	'	$142,899

Segment_Reporting_Additional_I

Segment Reporting - Additional Information (Detail) (USD $)	3 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
Segment Reporting Disclosure [Line Items]	'	'
Revenues	$132,128,000	$128,957,000
Impairment of long lived assets	2,220,000	1,545,000
Daytona Rising	'	'
Segment Reporting Disclosure [Line Items]	'	'
Restructuring Reserve, Accelerated Depreciation	4,200,000	'
Asset Retirement Obligation, Liabilities Incurred	2,200,000	'
Impairment of long lived assets	'	1,500,000
Intersegment Elimination	'	'
Segment Reporting Disclosure [Line Items]	'	'
Revenues	300,000	400,000
Motorsports Event	'	'
Segment Reporting Disclosure [Line Items]	'	'
Revenues	127,845,000	124,000,000
Restructuring Reserve, Accelerated Depreciation	7,400,000	'
Motorsports Event | Daytona Rising	'	'
Segment Reporting Disclosure [Line Items]	'	'
Restructuring Reserve, Accelerated Depreciation	3,000,000	'
General and Administrative Expense | Motorsports Event | Daytona Rising	'	'
Segment Reporting Disclosure [Line Items]	'	'
Selling and Marketing Expense	$400,000	$300,000