International Speedway (ISCB) 10-Q 3 Jul 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	31-May-14
Document Information [Line Items]	'
Document Type	'10-Q
Amendment Flag	'false
Document Period End Date	31-May-14
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q2
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	26,617,772
Class B Common Stock	'
Document Information [Line Items]	'
Entity Common Stock, Shares Outstanding	19,970,673

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	31-May-14	Nov. 30, 2013
In Thousands, unless otherwise specified
Current Assets:	'	'
Cash and cash equivalents	$218,183	$172,827
Receivables, less allowance of $1,000 in 2013 and 2014, respectively	48,304	25,910
Inventories	6,671	2,619
Income taxes receivable	3,126	17,399
Deferred income taxes	3,122	3,122
Prepaid expenses and other current assets	14,805	13,965
Total Current Assets	294,211	235,842
Property and Equipment, net of accumulated depreciation of $746,864 and $787,734, respectively	1,322,540	1,276,976
Other Assets:	'	'
Equity investments	129,687	134,327
Intangible assets, net	179,284	178,628
Goodwill	118,791	118,791
Other	73,057	72,942
Total Other Assets, Total	500,819	504,688
Total Assets	2,117,570	2,017,506
Current Liabilities:	'	'
Current portion of long-term debt	3,012	2,807
Accounts payable	43,383	27,669
Deferred income	82,682	35,679
Other current liabilities	29,636	15,907
Total Current Liabilities	158,713	82,062
Long-Term Debt	271,154	271,680
Deferred Income Taxes	359,356	366,531
Long-Term Deferred Income	7,488	8,604
Other Long-Term Liabilities	2,471	1,474
Commitments and Contingencies	0	0
Shareholders' Equity:	'	'
Additional paid-in capital	445,819	445,097
Retained earnings	876,418	846,235
Accumulated other comprehensive loss	-4,310	-4,638
Total Shareholders' Equity	1,318,388	1,287,155
Total Liabilities and Shareholders' Equity	2,117,570	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 $)	31-May-14	Nov. 30, 2013
In Thousands, except Share data, unless otherwise specified
Allowance for receivables	$1,000	$1,000
Property and Equipment, accumulated depreciation	$787,734	$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	26,235,070	26,182,518
Common Stock, shares outstanding	26,235,070	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	19,970,673	19,994,663
Common Stock, shares outstanding	19,970,673	19,994,663

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	31-May-14	31-May-13	31-May-14	31-May-13
REVENUES:	'	'	'	'
Admissions, net	$35,695	$35,778	$65,750	$66,515
Motorsports related	128,389	126,046	213,617	210,651
Food, beverage and merchandise	22,734	12,734	35,942	22,908
Other	3,493	3,816	6,791	6,852
Total revenues	190,311	178,374	322,100	306,926
Direct:	'	'	'	'
Prize and point fund monies and NASCAR sanction fees	51,202	50,144	78,353	76,489
Motorsports related	35,291	34,889	58,115	57,191
Food, beverage and merchandise	17,436	9,492	27,538	16,775
General and administrative	27,635	26,363	52,015	52,451
Depreciation and amortization	22,788	19,658	45,561	39,500
Losses on asset retirements	1,220	748	3,440	2,293
Costs and Expenses, Total	155,572	141,294	265,022	244,699
Operating income (loss)	34,739	37,080	57,078	62,227
Interest income	59	19	82	39
Interest expense	-2,703	-3,879	-5,836	-7,841
Equity in net income from equity investments	2,795	3,231	4,414	4,251
Other	-86	2	5,372	2
Income (loss) before income taxes	34,804	36,453	61,110	58,678
Income taxes	13,335	14,013	19,746	22,725
Net income (loss)	$21,469	$22,440	$41,364	$35,953
Common Stock, Dividends, Per Share, Cash Paid	$0.24	$0.22	$0.24	$0.22
Earnings per share:	'	'	'	'
Basic and diluted	$0.46	$0.48	$0.89	$0.77
Basic weighted average shares outstanding	46,535,179	46,446,993	46,525,303	46,435,289
Diluted weighted average shares outstanding	46,548,843	46,464,051	46,539,546	46,450,567

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	31-May-14	31-May-13	31-May-14	31-May-13
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income	$21,469	$22,440	$41,364	$35,953
Other comprehensive income:	'	'	'	'
Amortization of terminated interest rate swap, net of tax benefit of $106, $106, $212 and $212, respectively	165	165	328	329
Comprehensive income	21,634	22,605	41,692	36,282
Amortization of interest rate swap, net of tax benefit	$106	$106	$212	$212

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 5/31/14:	'	'	'	'	'	'
Net income	41,364	'	'	'	41,364	'
Comprehensive income	328	'	'	'	'	328
Cash dividend ($0.24 per share)	-11,181	'	'	'	-11,181	'
Reacquisition of previously issued common stock	-323	'	'	-323	'	'
Other	-74	'	'	-74	'	'
Stock-based compensation	1,119	'	'	1,119	'	'
Balance at May. 31, 2014	$1,318,388	$261	$200	$445,819	$876,418	($4,310)

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	31-May-14	31-May-13
OPERATING ACTIVITIES	'	'
Net income	$41,364	$35,953
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	45,561	39,500
Stock-based compensation	1,119	1,088
Amortization of financing costs	888	718
Deferred income taxes	-7,387	1,876
Income from equity investments	-4,414	-4,251
Distribution from equity investee	4,988	4,825
Loss on asset retirements, non-cash	267	1,184
Other, net	118	-33
Changes in operating assets and liabilities:	'	'
Receivables, net	-21,111	-17,944
Inventories, prepaid expenses and other assets	-8,129	-8,530
Accounts payable and other liabilities	-2,402	296
Deferred income	45,887	41,085
Income taxes	14,124	5,819
Net cash provided by operating activities	105,426	101,586
INVESTING ACTIVITIES	'	'
Capital expenditures	-74,708	-21,632
Distribution from equity investee and affiliate	5,012	4,675
Equity investments and advances to affiliate	-946	0
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	248	111
Net cash used in investing activities	-59,394	-16,846
FINANCING ACTIVITIES	'	'
Payment of long-term debt	-353	-334
Exercise of Class A common stock options	'	51
Reacquisition of previously issued common stock	-323	-259
Net cash used in financing activities	-676	-542
Net increase in cash and cash equivalents	45,356	84,198
Cash and cash equivalents at beginning of period	172,827	78,379
Cash and cash equivalents at end of period	$218,183	$162,577

Basis_of_Presentation

Basis of Presentation	6 Months Ended
	31-May-14
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 and six months ended May 31, 2013 and 2014, respectively, are not indicative of the results to be expected for the year.

New_Accounting_Pronouncements

New Accounting Pronouncements	6 Months Ended
	31-May-14
Text Block [Abstract]	'
New Accounting Pronouncements	'
	New Accounting Pronouncements
	In February 2013, the Financial Accounting Standards Board ("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.
	In May 2014, FASB, in conjunction with the International Accounting Standards Board, issued ASU No. 2014-09, "Revenue from Contracts with Customers". The objective of this Update is to significantly enhance comparability and clarify principles of revenue recognition practices across entities, industries, jurisdictions, and capital markets. For a public entity, the amendments in this Update are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. The Company is currently evaluating the potential impact that the adoption of this statement will have on its financial position and results of operations and will adopt the provisions of this statement in the first quarter of fiscal 2018.

Earnings_Per_Share

Earnings Per Share	6 Months Ended
	31-May-14
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 and six months ended May 31, 2013 and 2014 (in thousands, except share and per share amounts):
		Three Months Ended				Six Months Ended
		May 31, 2013		May 31, 2014		May 31, 2013		May 31, 2014
	Numerator:
	Net income	$	22,440	$	21,469	$	35,953	$	41,364
	Denominator:
	Weighted average shares outstanding	46,446,993		46,535,179		46,435,289		46,525,303
	Effect of dilutive securities	17,058		13,664		15,278		14,243
	Diluted weighted average shares outstanding	46,464,051		46,548,843		46,450,567		46,539,546
	Basic and diluted earnings per share	$	0.48	$	0.46	$	0.77	$	0.89
	Anti-dilutive shares excluded in the computation of diluted earnings per share	215,246		126,116		219,699		131,251

Equity_and_Other_Investments

Equity and Other Investments	6 Months Ended
	31-May-14
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 May 31, 2013 and 2014. The Company's 50.0 percent portion of Kansas Entertainment’s net income is approximately $3.2 million and $2.8 million for the three months ended May 31, 2013 and 2014, respectively, and approximately $4.3 million and $4.4 million for the six months ended May 31, 2013 and 2014, respectively, and is included in income from equity investments in its consolidated statements of operations. Included in the net income amount for three and six months ended May 31, 2013 is approximately $0.6 million related to a one-time property tax refund. There was no comparable income during the same periods of fiscal 2014.
	Per the Development Agreement with the Unified Government of Wyandotte County/Kansas City, Kansas (“Unified Government”), the casino is subject to a 1.0 percent of gross gaming revenue penalty if it had not commenced construction on an adjacent hotel by the second anniversary of its opening, which was February 2014. In May 2014, the deadline for the commencement of construction extended until October 2014. Subsequently, in June 2014, the Unified Government approved a further extension of the construction commencement date. The purpose of this extension is to give the Unified Government time to complete a feasibility analysis for a new convention center that could be integrated with the hotel. If the Unified Government formally resolves to develop a convention center to be integrated with the proposed hotel, then Kansas Entertainment and the Unified Government will mutually agree on a new groundbreaking date. If the Unified Government decides not to proceed with the integrated development, then Kansas Entertainment will have 100 days after the Unified Government’s notification of its decision, subject to any additional time taking into account that groundbreaking cannot realistically occur during winter conditions, to commence construction prior to the enforcement of the aforementioned penalty.
	The final decision to move forward with the proposed hotel will be market-based and approved by Kansas Entertainment’s board. Should Kansas Entertainment ultimately not build the hotel it will be subject to the penalty from the second anniversary of its opening forward. Accordingly, beginning February 2014, Kansas Entertainment began recording expense equal to 1.0 percent of gross gaming revenue since it did not proceed with construction of a hotel by the original deadline. Included in the Company's income from equity investment amounts for three and six months ended May 31, 2014 is approximately $0.2 million expense related to this penalty.
	Distributions from Kansas Entertainment, for the six months ended May 31, 2014, totaling $10.0 million, consists of approximately $5.0 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 approximately $5.0 million received, was recognized as a return of capital from investing activities on the Company's statement of cash flows. Distributions from Kansas Entertainment, for the six months ended May 31, 2013, totaling $9.5 million, consists of approximately $4.8 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 approximate $4.7 million received, was recognized as a return of capital from investing activities on the Company's statement of cash flows.
	Subsequent to May 31, 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 approximately $1.9 million, and interest totaling approximately $0.7 million at May 31, 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 operating income contribution, 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	6 Months Ended
	31-May-14
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
			31-May-14
			Gross Carrying		Accumulated		Net Carrying
			Amount		Amortization		Amount
	Amortized intangible assets:
	Food, beverage and merchandise contracts		$	714	$	49	$	665
	Other		92		79		13
	Total amortized intangible assets		806		128		678
	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	$	128	$	179,284
	The following table presents current and expected amortization expense of the existing intangible assets as of May 31, 2014 for each of the following periods (in thousands):
	Amortization expense for the six months ended May 31, 2014	$	48
	Remaining estimated amortization expense for the year ending November 30:
	2014	54
	2015	110
	2016	104
	2017	103
	2018	103
	There were no changes in the carrying value of goodwill during the three and six months ended May 31, 2014.

LongTerm_Debt

Long-Term Debt	6 Months Ended
	31-May-14
Text Block [Abstract]	'
Long-Term Debt	'
	Long-Term Debt
	Long-term debt consists of the following (in thousands):
			November 30, 2013			May 31, 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			502
	6.25 percent Term Loan		49,948			49,754
	TIF bond debt service funding commitment		58,877			58,910
	Revolving Credit Facility		—			—
			274,487			274,166
	Less: current portion		2,807			3,012
			$	271,680		$	271,154
	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 May 31, 2014, the Company was in compliance with its various restrictive covenants. At May 31, 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 May 31, 2014, the Company was in compliance with its various restrictive covenants. At May 31, 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, LLC, 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 May 31, 2014, outstanding principal on the 4.82 percent Revenue Bonds was approximately $0.5 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 May 31, 2014, the outstanding principal on the 6.25 percent Term Loan was approximately $49.8 million.
	At May 31, 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 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 May 31, 2014, the Company was in compliance with its various restrictive covenants. At May 31, 2014, the Company had no outstanding borrowings under the 2012 Credit Facility.
	Total interest expense incurred by the Company for the three and six months ended May 31, 2013 and 2014, are as follows (in thousands):
		Three Months Ended						Six Months Ended
		31-May-13			31-May-14			31-May-13		31-May-14
	Interest expense	$	4,142		$	4,125		$	8,296	$	8,238
	Less: capitalized interest	263			1,422			455		2,402
	Net interest expense	$	3,879		$	2,703		$	7,841	$	5,836
	Financing costs of approximately $4.4 million and $4.1 million, net of accumulated amortization, have been deferred and are included in other assets at November 30, 2013 and May 31, 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	6 Months Ended
	31-May-14
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 May 31, 2014, the Company had money market funds totaling approximately $62.7 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 $297.9 million compared to the carrying amount of approximately $274.2 million at November 30, 2013 and May 31, 2014, respectively.
	The Company had no financial instruments that used level 3 inputs as of May 31, 2014.

Capital_Stock

Capital Stock	6 Months Ended
	31-May-14
Equity [Abstract]	'
Capital Stock	'
	Capital Stock
	Annual Dividends
	The Company paid an annual dividend of $0.24 per share, on June 30, 2014, to common stockholders of record on May 31, 2014. The Company paid an annual dividend of $0.22 per share in the third quarter of fiscal 2013.

LongTerm_Stock_Incentive_Plan

Long-Term Stock Incentive Plan	6 Months Ended
	31-May-14
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Long-Term Stock Incentive Plan	'
	Long-Term Stock Incentive Plan
	In May 2014, the Company awarded and issued a total of 91,076 restricted shares of the Company’s Class A common shares to certain officers and managers under the Company’s Long-Term Stock Incentive Plan (the “2006 Plan”). The shares of restricted stock awarded in May 2014, vest at the rate of 50.0 percent on the third anniversary of the award date and the remaining 50.0 percent on the fifth anniversary of the award date. The weighted average grant date fair value of these restricted share awards was $31.44 per share. In accordance with ASC 718, “Compensation — Stock Compensation” the Company is recognizing stock-based compensation on these restricted shares awarded on the accelerated method over the requisite service period.

Comprehensive_Income

Comprehensive Income	6 Months Ended
	31-May-14
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		May 31, 2014
	Terminated interest rate swap, net of tax benefit of $3,025 and $2,812, respectively	$	4,638	$	4,310

Income_Taxes

Income Taxes	6 Months Ended
	31-May-14
Text Block [Abstract]	'
Income Taxes	'
	Income Taxes
	Certain state adjustments, including adjustments to uncertain state tax positions, are the principal causes of the decreased effective tax rate for the three and six months ended May 31, 2013. As a result of these items, the Company's effective income tax rate is approximately 38.4 percent and 38.7 percent for the three and six months ended May 31, 2013, respectively. Certain state tax adjustments were the principal reason for the decreased effective tax rate for the three months ended May 31, 2014. The tax treatment related to the other income recognized as a result of SMI's abandonment of their interest in SMISC, LLC on January 31, 2014, along with the related tax benefit of approximately $1.8 million, representing the benefit associated with various operating loss carryforwards of MA, combined with the aforementioned state income tax adjustments, are the principal causes of the decreased effective income tax rate for the three and six months ended May 31, 2014. As a result of these items, the Company's effective income tax rate is approximately 38.3 percent and 32.3 percent for the three and six months ended May 31, 2014, respectively.

Related_Party_Disclosures_and_

Related Party Disclosures and Transactions	6 Months Ended
	31-May-14
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 for disbursement to competitors, which are exclusive of NASCAR sanction fees, totaled approximately $41.5 million and $42.1 million for the three months ended May 31, 2013 and 2014, respectively, and $64.7 million and $65.9 million for the six months ended May 31, 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 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 $92.3 million and $96.1 million for the three months ended May 31, 2013 and 2014, respectively, and $149.7 million and $154.1 million for the six months ended May 31, 2013 and 2014, respectively.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	31-May-14
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 May 31, 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 May 31, 2014. At May 31, 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 55-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 June 2014, a bill was signed in Florida establishing a process by which sports franchises are able to apply to receive sales tax refunds based on the amount of sales tax generated by their facility. The Company's DAYTONA Rising project is among the eligible applicants and the new bill could potentially provide additional capital for the DAYTONA Rising project.
	Total spending incurred for DAYTONA Rising was approximately $35.8 million and $65.2 million during the three and six months ended May 31, 2014, respectively. 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 and six months ended May 31, 2014, the Company recognized accelerated depreciation and losses on disposal of assets totaling approximately $3.4 million and $7.6 million, respectively.
	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	6 Months Ended
	31-May-14
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 and six months ended May 31, 2013 and 2014 (in thousands):
		Three Months Ended May 31, 2013
		Motorsports		All			Total
		Event		Other
	Revenues	$	172,287	$	6,844		$	179,131
	Depreciation and amortization	18,292		1,366			19,658
	Operating income (loss)	37,568		(488		)	37,080
	Capital expenditures	14,394		1,132			15,526
	Total assets	1,600,572		426,040			2,026,612
	Equity investments	—		141,129			141,129
		Three Months Ended May 31, 2014
		Motorsports		All			Total
		Event		Other
	Revenues	$	184,113	$	6,863		$	190,976
	Depreciation and amortization	21,361		1,427			22,788
	Operating income (loss)	35,885		(1,146		)	34,739
	Capital expenditures	39,140		4,321			43,461
	Total assets	1,588,582		528,988			2,117,570
	Equity investments	—		129,687			129,687
		Six Months Ended May 31, 2013
		Motorsports		All			Total
		Event		Other
	Revenues	$	296,287	$	11,801		$	308,088
	Depreciation and amortization	36,740		2,760			39,500
	Operating income (loss)	64,638		(2,411		)	62,227
	Capital expenditures	20,133		1,499			21,632
		Six Months Ended May 31, 2014
		Motorsports		All			Total
		Event		Other
	Revenues	$	311,958	$	11,146		$	323,104
	Depreciation and amortization	42,676		2,885			45,561
	Operating income (loss)	60,643		(3,565		)	57,078
	Capital expenditures	69,501		5,207			74,708
	Intersegment revenues were approximately $0.8 million and $0.7 million for the three months ended May 31, 2013 and 2014, respectively, and approximately $1.2 million and $1.0 million for the six months ended May 31, 2013 and 2014, respectively.
	During the three and six months ended May 31, 2014, the Company recognized approximately $0.3 million and $0.6 million, respectively 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 and six months ended May 31, 2013, the Company recognized approximately $0.3 million and $0.7 million, respectively of similar costs.
	During the three and six months ended May 31, 2014, the Company recognized approximately $3.0 million and $6.0 million, respectively 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 and six months ended May 31, 2013.
	During the three and six months ended May 31, 2014, the Company recognized approximately $1.2 million and $3.4 million, respectively of losses primarily attributable to demolition costs in connection with capacity management initiatives, DAYTONA Rising and other capital improvements. During the three and six months ended May 31, 2013, we recognized approximately $0.7 million and $2.3 million, respectively 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)	6 Months Ended
	31-May-14
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 and six months ended May 31, 2013 and 2014 (in thousands, except share and per share amounts):
		Three Months Ended				Six Months Ended
		May 31, 2013		May 31, 2014		May 31, 2013		May 31, 2014
	Numerator:
	Net income	$	22,440	$	21,469	$	35,953	$	41,364
	Denominator:
	Weighted average shares outstanding	46,446,993		46,535,179		46,435,289		46,525,303
	Effect of dilutive securities	17,058		13,664		15,278		14,243
	Diluted weighted average shares outstanding	46,464,051		46,548,843		46,450,567		46,539,546
	Basic and diluted earnings per share	$	0.48	$	0.46	$	0.77	$	0.89
	Anti-dilutive shares excluded in the computation of diluted earnings per share	215,246		126,116		219,699		131,251

Goodwill_and_Intangible_Assets1

Goodwill and Intangible Assets (Tables)	6 Months Ended
	31-May-14
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
			31-May-14
			Gross Carrying		Accumulated		Net Carrying
			Amount		Amortization		Amount
	Amortized intangible assets:
	Food, beverage and merchandise contracts		$	714	$	49	$	665
	Other		92		79		13
	Total amortized intangible assets		806		128		678
	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	$	128	$	179,284
Current and Expected Amortization Expense of Intangible Assets	'
	The following table presents current and expected amortization expense of the existing intangible assets as of May 31, 2014 for each of the following periods (in thousands):
	Amortization expense for the six months ended May 31, 2014	$	48
	Remaining estimated amortization expense for the year ending November 30:
	2014	54
	2015	110
	2016	104
	2017	103
	2018	103

LongTerm_Debt_Tables

Long-Term Debt (Tables)	6 Months Ended
	31-May-14
Text Block [Abstract]	'
Long-Term Debt	'
	Long-term debt consists of the following (in thousands):
			November 30, 2013			May 31, 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			502
	6.25 percent Term Loan		49,948			49,754
	TIF bond debt service funding commitment		58,877			58,910
	Revolving Credit Facility		—			—
			274,487			274,166
	Less: current portion		2,807			3,012
			$	271,680		$	271,154
Schedule of Interest Expense	'
	Total interest expense incurred by the Company for the three and six months ended May 31, 2013 and 2014, are as follows (in thousands):
		Three Months Ended						Six Months Ended
		31-May-13			31-May-14			31-May-13		31-May-14
	Interest expense	$	4,142		$	4,125		$	8,296	$	8,238
	Less: capitalized interest	263			1,422			455		2,402
	Net interest expense	$	3,879		$	2,703		$	7,841	$	5,836

Comprehensive_Income_Tables

Comprehensive Income (Tables)	6 Months Ended
	31-May-14
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		May 31, 2014
	Terminated interest rate swap, net of tax benefit of $3,025 and $2,812, respectively	$	4,638	$	4,310

Segment_Reporting_Tables

Segment Reporting (Tables)	6 Months Ended
	31-May-14
Text Block [Abstract]	'
Segment Reporting	'
	The following tables provide segment reporting of the Company for the three and six months ended May 31, 2013 and 2014 (in thousands):
		Three Months Ended May 31, 2013
		Motorsports		All			Total
		Event		Other
	Revenues	$	172,287	$	6,844		$	179,131
	Depreciation and amortization	18,292		1,366			19,658
	Operating income (loss)	37,568		(488		)	37,080
	Capital expenditures	14,394		1,132			15,526
	Total assets	1,600,572		426,040			2,026,612
	Equity investments	—		141,129			141,129
		Three Months Ended May 31, 2014
		Motorsports		All			Total
		Event		Other
	Revenues	$	184,113	$	6,863		$	190,976
	Depreciation and amortization	21,361		1,427			22,788
	Operating income (loss)	35,885		(1,146		)	34,739
	Capital expenditures	39,140		4,321			43,461
	Total assets	1,588,582		528,988			2,117,570
	Equity investments	—		129,687			129,687
		Six Months Ended May 31, 2013
		Motorsports		All			Total
		Event		Other
	Revenues	$	296,287	$	11,801		$	308,088
	Depreciation and amortization	36,740		2,760			39,500
	Operating income (loss)	64,638		(2,411		)	62,227
	Capital expenditures	20,133		1,499			21,632
		Six Months Ended May 31, 2014
		Motorsports		All			Total
		Event		Other
	Revenues	$	311,958	$	11,146		$	323,104
	Depreciation and amortization	42,676		2,885			45,561
	Operating income (loss)	60,643		(3,565		)	57,078
	Capital expenditures	69,501		5,207			74,708

Computation_of_Basic_and_Dilut

Computation of Basic and Diluted Earnings Per Share (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	31-May-14	31-May-13	31-May-14	31-May-13
Numerator:	'	'	'	'
Net (loss) income	$21,469	$22,440	$41,364	$35,953
Denominator:	'	'	'	'
Weighted average shares outstanding	46,535,179	46,446,993	46,525,303	46,435,289
Effect of dilutive securities	13,664	17,058	14,243	15,278
Diluted weighted average shares outstanding	46,548,843	46,464,051	46,539,546	46,450,567
Basic and diluted earnings per share	'	'	'	'
Basic and diluted earnings per share	$0.46	$0.48	$0.89	$0.77
Anti-dilutive shares excluded in the computation of diluted earnings per share	126,116	215,246	131,251	219,699

Equity_and_Other_Investments_A

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

3 Months Ended

6 Months Ended

1 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

0 Months Ended

6 Months Ended

31-May-14

31-May-13

31-May-14

31-May-13

Nov. 30, 2013

Feb. 28, 2014

31-May-14

31-May-13

31-May-14

31-May-13

Feb. 29, 2012

Aug. 31, 2014

Aug. 05, 2013

31-May-14

31-May-14

31-May-14

31-May-14

Jan. 31, 2014

Kansas Entertainment

Kansas Entertainment

Kansas Entertainment

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%

'

50.00%

'

100.00%

'

'

'

100.00%

50.00%

Equity in net loss from equity investments

$2,795,000

$3,231,000

$4,414,000

$4,251,000

'

'

$2,800,000

$3,200,000

$4,400,000

$4,300,000

'

'

'

'

'

'

'

'

Proceeds from Income Tax Refunds

'

'

'

'

'

'

'

600,000

'

600,000

'

'

'

'

'

'

'

'

Gross Revenue Expense Ratio

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

Income (Loss) from Equity Method Investments, Related Penalty Amount

'

'

'

'

'

'

200,000

'

200,000

'

'

'

'

'

'

'

'

'

Distribution from equity investee

'

'

4,988,000

4,825,000

'

'

'

'

10,000,000

9,500,000

'

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

'

'

5,012,000

4,675,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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

129,687,000

'

129,687,000

'

134,327,000

'

'

'

'

'

'

'

'

'

'

'

'

5,400,000

Income Tax Expense (Benefit)

$13,335,000

$14,013,000

$19,746,000

$22,725,000

'

'

'

'

'

'

'

'

'

'

'

'

$1,800,000

'

Summary_of_Intangible_Assets_D

Summary of Intangible Assets (Detail) (USD $)	31-May-14	Nov. 30, 2013
In Thousands, unless otherwise specified
Intangible Assets by Major Class [Line Items]	'	'
Net Carrying Amount	$179,284	$178,628
Motorsports Event	'	'
Intangible Assets by Major Class [Line Items]	'	'
Gross Carrying Amount	179,412	178,708
Accumulated Amortization	128	80
Net Carrying Amount	179,284	178,628
Motorsports Event | Amortized intangible assets	'	'
Intangible Assets by Major Class [Line Items]	'	'
Gross Carrying Amount	806	102
Accumulated Amortization	128	80
Net Carrying Amount	678	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	49	8
Net Carrying Amount	665	2
Motorsports Event | Amortized intangible assets | Other	'	'
Intangible Assets by Major Class [Line Items]	'	'
Gross Carrying Amount	92	92
Accumulated Amortization	79	72
Net Carrying Amount	13	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 $)	6 Months Ended
In Thousands, unless otherwise specified	31-May-14
Disclosure Current And Expected Amortization Expense Of Intangible Assets [Abstract]	'
Amortization expense for the six months ended May 31, 2014	$48
Remaining estimated amortization expense for the year ending November 30:	'
2014	54
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	31-May-14
Disclosure Goodwill And Intangible Assets Additional Information [Abstract]	'
Changes in carrying value of goodwill	$0

LongTerm_Debt_Detail

Long-Term Debt (Detail) (USD $)	31-May-14	Nov. 30, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Long-term debt	$274,166	$274,487
Less: current portion	3,012	2,807
Long-Term Debt	271,154	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	502	662
6.25 percent Term Loan	'	'
Debt Instrument [Line Items]	'	'
Long-term debt	49,754	49,948
TIF bond debt service funding commitment	'	'
Debt Instrument [Line Items]	'	'
Long-term debt	58,910	58,877
Revolving Credit Facility	'	'
Debt Instrument [Line Items]	'	'
Long-term debt	$0	$0

LongTerm_Debt_Parenthetical_De

Long-Term Debt (Parenthetical) (Detail)	31-May-14	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		6 Months Ended
	31-May-14	31-May-13	31-May-14	31-May-13	Nov. 30, 2013
Debt Disclosure [Line Items]	'	'	'	'	'
Long-term debt	$274,166,000	'	$274,166,000	'	$274,487,000
Stockholders' Equity Attributable to Parent	1,318,388,000	'	1,318,388,000	'	1,287,155,000
Interest expense	2,703,000	3,879,000	5,836,000	7,841,000	'
Financing costs deferred	4,100,000	'	4,100,000	'	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%	'	4.63%
Frequency of periodic payment	'	'	'semi-annual	'	'
Debt Instrument, Covenant, Leverage Ratio, Maximum	3.5	'	3.5	'	'
Debt Instrument, Covenant, Interest Coverage Ratio, Maximum	2	'	2	'	'
Debt Instrument, Covenant Consolidated Net Worth, Percentage, Maximum	15.00%	'	15.00%	'	'
Long-term debt	65,000,000	'	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%	'	3.95%
Frequency of periodic payment	'	'	'semi-annual	'	'
Debt Instrument, Covenant, Leverage Ratio, Maximum	3.5	'	3.5	'	'
Debt Instrument, Covenant Consolidated Net Worth, Percentage, Maximum	15.00%	'	15.00%	'	'
Long-term debt	100,000,000	'	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%	'	4.82%
Long-term debt	502,000	'	502,000	'	662,000
Debt, monthly payment	'	'	29,000	'	'
6.25 percent Term Loan	'	'	'	'	'
Debt Disclosure [Line Items]	'	'	'	'	'
Debt, interest rate	6.25%	'	6.25%	'	6.25%
Long-term debt	49,754,000	'	49,754,000	'	49,948,000
Debt, monthly payment	'	'	292,000	'	'
Debt term	25	'	25	'	'
TIF bond debt service funding commitment	'	'	'	'	'
Debt Disclosure [Line Items]	'	'	'	'	'
Long-term debt	58,910,000	'	58,910,000	'	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%	'	6.15%	'	'
Long-term debt	9,800,000	'	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%	'	6.75%	'	'
Long-term debt	49,700,000	'	49,700,000	'	'
Debt, maturity date	'	'	1-Dec-27	'	'
2012 Credit Facility	'	'	'	'	'
Debt Disclosure [Line Items]	'	'	'	'	'
Debt Instrument, Covenant, Leverage Ratio, Maximum	3.5	'	3.5	'	'
Debt Instrument, Covenant, Interest Coverage Ratio, Maximum	2.5	'	2.5	'	'
Credit Facility current borrowing capacity	300,000,000	'	300,000,000	'	'
Credit Facility potential borrowing capacity	500,000,000	'	500,000,000	'	'
Debt instrument basis points	'	'	0.50%	'	'
Credit Facility amount outstanding	0	'	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	'	25,000,000	'	'
2012 Credit Facility | Swing Line Loan [Member]	'	'	'	'	'
Debt Disclosure [Line Items]	'	'	'	'	'
Credit Facility current borrowing capacity	10,000,000	'	10,000,000	'	'
Four Quarters Ending after any Permitted Acquisition [Member]	'	'	'	'	'
Debt Disclosure [Line Items]	'	'	'	'	'
Debt Instrument, Covenant, Leverage Ratio, Maximum	4	'	4	'	'
Accumulated Other Comprehensive Loss	'	'	'	'	'
Debt Disclosure [Line Items]	'	'	'	'	'
Stockholders' Equity Attributable to Parent	($4,310,000)	'	($4,310,000)	'	($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		6 Months Ended
In Thousands, unless otherwise specified	31-May-14	31-May-13	31-May-14	31-May-13
Debt Disclosure [Abstract]	'	'	'	'
Interest expense	$4,125	$4,142	$8,238	$8,296
Less: capitalized interest	1,422	263	2,402	455
Net interest expense	$2,703	$3,879	$5,836	$7,841

Financial_Instruments_Addition

Financial Instruments - Additional Information (Detail) (USD $)	31-May-14	Nov. 30, 2013
In Millions, unless otherwise specified
Fair Value, Inputs, Level 1	'	'
Fair Value, Measurement Inputs, Disclosure [Line Items]	'	'
Money market funds	$62.70	'
Fair Value, Inputs, Level 2	'	'
Fair Value, Measurement Inputs, Disclosure [Line Items]	'	'
Long-term debt excluding credit facilities, fair value	297.9	293
Long-term debt excluding credit facilities, carrying amount	$274.20	$274.50

Capital_Stock_Additional_Infor

Capital Stock - Additional Information (Details) (USD $)	3 Months Ended		6 Months Ended
	31-May-14	31-May-13	31-May-14	31-May-13
Equity [Abstract]	'	'	'	'
Dividends paid	$0.24	$0.22	$0.24	$0.22

LongTerm_Stock_Incentive_Plan_

Long-Term Stock Incentive Plan - Additional Information (Details) (Restricted Stock, USD $)	1 Months Ended
	31-May-14
Compensation Related Costs Share Based Payments Disclosure [Line Items]	'
Share awarded and issued	91,076
Weighted average grant date fair value	$31.44
Third Anniversary Of Grant Date [Member]	'
Compensation Related Costs Share Based Payments Disclosure [Line Items]	'
Vesting percentage of stock options issued	50.00%
Fifth Anniversary Of Grant Date [Member]	'
Compensation Related Costs Share Based Payments Disclosure [Line Items]	'
Vesting percentage of stock options issued	50.00%

Comprehensive_Income_Details

Comprehensive Income (Details) (USD $)	31-May-14	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	$4,310	$4,638
Accumulated other comprehensive income (loss), terminated interest rate swap, tax	$2,812	$3,025

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	31-May-14	31-May-13	31-May-14	31-May-13
Operating Loss Carryforwards [Line Items]	'	'	'	'
Effective income tax rate	38.30%	38.40%	32.30%	38.70%
Income Tax Expense (Benefit)	$13,335	$14,013	$19,746	$22,725
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		6 Months Ended			3 Months Ended
In Millions, unless otherwise specified	31-May-14	31-May-13	31-May-14	31-May-13	Nov. 30, 2013	31-May-14	31-May-14
					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	$42.10	$41.50	$65.90	$64.70	'	'	'
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	$96.10	$92.30	$154.10	$149.70	'	'	'

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)	31-May-14	Nov. 30, 2013	Oct. 31, 2002	31-May-14	31-May-14	31-May-14	31-May-14	31-May-14
			2002 STAR Bonds	2002 STAR Bonds	Daytona Rising	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	274,166,000	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	'	'	'	'	35,800,000	65,200,000	'	'
Long-lived assets to be abandoned, carrying value of asset	'	'	'	'	50,000,000	50,000,000	'	'
Restructuring and related cost, long-lived assets to be abandoned, period	'	'	'	'	'	'26 months	'	'
Restructuring Reserve, Accelerated Depreciation	'	'	'	'	-3,400,000	-7,600,000	'	'
Restructuring and related cost, anticipated cost, subject to change	'	'	'	'	'	$316,000,000	'	'

Segment_Reporting_Detail

Segment Reporting (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	31-May-14	31-May-13	31-May-14	31-May-13
Segment Reporting Information [Line Items]	'	'	'	'
Revenues	$190,976	$179,131	$323,104	$308,088
Depreciation and amortization	22,788	19,658	45,561	39,500
Operating income (loss)	34,739	37,080	57,078	62,227
Capital expenditures	43,461	15,526	74,708	21,632
Total assets	2,117,570	2,026,612	2,117,570	2,026,612
Equity investments	129,687	141,129	129,687	141,129
Motorsports Event	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenues	184,113	172,287	311,958	296,287
Depreciation and amortization	21,361	18,292	42,676	36,740
Operating income (loss)	35,885	37,568	60,643	64,638
Capital expenditures	39,140	14,394	69,501	20,133
Total assets	1,588,582	1,600,572	1,588,582	1,600,572
Equity investments	'	'	'	'
All Other	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenues	6,863	6,844	11,146	11,801
Depreciation and amortization	1,427	1,366	2,885	2,760
Operating income (loss)	-1,146	-488	-3,565	-2,411
Capital expenditures	4,321	1,132	5,207	1,499
Total assets	528,988	426,040	528,988	426,040
Equity investments	$129,687	$141,129	$129,687	$141,129

Segment_Reporting_Additional_I

Segment Reporting - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
	31-May-14	31-May-13	31-May-14	31-May-13
Segment Reporting Disclosure [Line Items]	'	'	'	'
Revenues	$190,976,000	$179,131,000	$323,104,000	$308,088,000
Impairment of long lived assets	1,220,000	748,000	3,440,000	2,293,000
Daytona Rising	'	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'	'
Restructuring Reserve, Accelerated Depreciation	3,400,000	'	7,600,000	'
Asset Retirement Obligation, Liabilities Incurred	1,200,000	'	3,400,000	'
Impairment of long lived assets	'	700,000	'	2,300,000
Intersegment Elimination	'	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'	'
Revenues	700,000	800,000	1,000,000	1,200,000
Motorsports Event	'	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'	'
Revenues	184,113,000	172,287,000	311,958,000	296,287,000
Restructuring Reserve, Accelerated Depreciation	'	'	7,600,000	'
Motorsports Event | Daytona Rising	'	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'	'
Restructuring Reserve, Accelerated Depreciation	3,000,000	'	6,000,000	'
General and Administrative Expense | Motorsports Event | Daytona Rising	'	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'	'
Selling and Marketing Expense	$300,000	$300,000	$600,000	$700,000