International Speedway (ISCB) 10-Q 7 Apr 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Feb. 28, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	28-Feb-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	ISCA
Entity Registrant Name	INTERNATIONAL SPEEDWAY CORP
Entity Central Index Key	51548
Current Fiscal Year End Date	-19
Entity Filer Category	Large Accelerated Filer
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	26,616,977
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	19,966,496

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Feb. 28, 2015	Nov. 30, 2014
In Thousands, unless otherwise specified
Current Assets:
Cash and cash equivalents	$161,864	$158,847
Receivables, less allowance of $1,000 in 2014 and 2015, respectively	83,281	27,598
Inventories	2,629	4,030
Income taxes receivable	862	6,202
Deferred income taxes	2,789	2,789
Prepaid expenses and other current assets	12,999	8,099
Total Current Assets	264,424	207,565
Property and Equipment, net of accumulated depreciation of $818,084 and $841,406 respectively	1,395,699	1,381,190
Other Assets:
Equity investments	118,972	122,565
Intangible assets, net	178,627	178,629
Goodwill	118,791	118,791
Other	65,917	68,911
Total Other Assets, Total	482,307	488,896
Total Assets	2,142,430	2,077,651
Current Liabilities:
Current portion of long-term debt	3,366	3,435
Accounts payable	35,038	41,491
Deferred income	85,934	33,043
Other current liabilities	20,147	18,813
Total Current Liabilities	144,485	96,782
Long-Term Debt	268,118	268,311
Deferred Income Taxes	357,413	354,276
Long-Term Deferred Income	8,286	9,548
Other Long-Term Liabilities	1,873	2,302
Commitments and Contingencies	0	0
Shareholders' Equity:
Additional paid-in capital	448,224	447,518
Retained earnings	917,386	902,433
Accumulated other comprehensive loss	-3,817	-3,981
Total Shareholders' Equity	1,362,255	1,346,432
Total Liabilities and Shareholders' Equity	2,142,430	2,077,651
Class A Common Stock $.01 Par Value
Shareholders' Equity:
Common Stock Value	262	262
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, 2015	Nov. 30, 2014
In Thousands, except Share data, unless otherwise specified
Allowance for receivables	$1,000	$1,000
Property and Equipment, accumulated depreciation	$841,406	$818,084
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	26,248,787	26,248,081
Common Stock, shares outstanding	26,248,787	26,248,081
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	19,966,496	19,967,202
Common Stock, shares outstanding	19,966,496	19,967,202

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Feb. 28, 2015	Feb. 28, 2014
REVENUES:
Admissions, net	$30,544	$30,055
Motorsports related	87,431	85,228
Food, beverage and merchandise	14,735	13,208
Other	3,842	3,298
Total revenues	136,552	131,789
Direct:
Prize and point fund monies and NASCAR sanction fees	27,296	27,151
Motorsports related	23,498	22,824
Food, beverage and merchandise	12,443	10,102
General and administrative	26,136	24,380
Depreciation and amortization	24,009	22,773
Losses on asset retirements	1,579	2,220
Costs and Expenses, Total	114,961	109,450
Operating income (loss)	21,591	22,339
Interest income	19	23
Interest expense	-1,468	-3,133
Equity in net income from equity investments	3,244	1,619
Other	26	5,458
Income (loss) before income taxes	23,412	26,306
Income taxes	8,459	6,411
Net income (loss)	$14,953	$19,895
Earnings per share:
Basic and diluted (in dollars per share)	$0.32	$0.43
Basic weighted average shares outstanding	46,583,832	46,515,208
Diluted weighted average shares outstanding	46,596,605	46,530,016

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Feb. 28, 2014
Statement of Comprehensive Income [Abstract]
Net income	$14,953	$19,895
Other comprehensive income:
Amortization of terminated interest rate swap, net of tax benefit of $106, $106, $212 and $212, respectively	164	164
Comprehensive income	$15,117	$20,059

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Income (Parenthetical) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Feb. 28, 2014
Statement of Comprehensive Income [Abstract]
Amortization of interest rate swap, net of tax benefit	$106	$106

Consolidated_Statement_of_Shar

Consolidated Statement of Shareholders' Equity (USD $)	Total	Common Stock [Member]	Common Stock [Member]	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
In Thousands, unless otherwise specified		Class A Common Stock $.01 Par Value	Class B Common Stock $.01 Par Value
Balance at Nov. 30, 2014	$1,346,432	$262	$200	$447,518	$902,433	($3,981)
Activity 12/1/14 b 2/28/15:
Net income	14,953				14,953
Comprehensive income	164					164
Stock-based compensation	706	0		706
Balance at Feb. 28, 2015	$1,362,255	$262	$200	$448,224	$917,386	($3,817)

Consolidated_Statement_of_Shar1

Consolidated Statement of Shareholders' Equity (Parenthetical) (USD $)	3 Months Ended
	Feb. 28, 2015
Statement of Stockholders' Equity [Abstract]
Cash dividend paid, per share	$0

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Feb. 28, 2014
OPERATING ACTIVITIES
Net income	$14,953	$19,895
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on assumption of controlling interest in equity investee	0	-5,447
Depreciation and amortization	24,009	22,773
Stock-based compensation	706	429
Amortization of financing costs	445	444
Interest received on Staten Island note receivable	1,162	214
Deferred income taxes	3,032	6,206
Income from equity investments	-3,244	-1,619
Distribution from equity investee	3,520	1,906
Loss on asset retirements, non-cash	379	18
Other, net	-6	-16
Changes in operating assets and liabilities:
Receivables, net	-55,683	-54,518
Inventories, prepaid expenses and other assets	-3,748	-11,743
Accounts payable and other liabilities	2,237	2,364
Deferred income	51,629	40,621
Income taxes	5,339	16,051
Net cash provided by operating activities	44,730	37,578
INVESTING ACTIVITIES
Capital expenditures	-43,418	-31,247
Distribution from equity investee and affiliate	1,980	2,594
Proceeds from sale of Staten Island property	0	6,100
Cash included in assumption of ownership interest in equity investee	0	4,686
Other, net	3	235
Net cash used in investing activities	-41,435	-17,632
FINANCING ACTIVITIES
Payment of long-term debt	-278	-175
Net cash used in financing activities	-278	-175
Net increase in cash and cash equivalents	3,017	19,771
Cash and cash equivalents at beginning of period	158,847
Cash and cash equivalents at end of period	$161,864	$192,598

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Feb. 28, 2015
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, 2014, 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.
	Because of the seasonal concentration of racing events, the results of operations for the three months ended February 28, 2014 and 2015, respectively, are not indicative of the results to be expected for the year.

New_Accounting_Pronouncements

New Accounting Pronouncements	3 Months Ended
	Feb. 28, 2015
Text Block [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board, 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 standard can be adopted either retrospectively to each prior reporting period presented or as a cumulative effect adjustment as of the date of adoption. The Company is currently evaluating the impact of adopting this new guidance 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	3 Months Ended
	Feb. 28, 2015
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, 2014 and 2015 (in thousands, except share and per share amounts):
		Three Months Ended
		February 28, 2014		February 28, 2015
	Numerator:
	Net income	$	19,895	$	14,953
	Denominator:
	Weighted average shares outstanding	46,515,208		46,583,832
	Effect of dilutive securities	14,808		12,773
	Diluted weighted average shares outstanding	46,530,016		46,596,605
	Basic and diluted earnings per share	$	0.43	$	0.32
	Anti-dilutive shares excluded in the computation of diluted earnings per share	136,501		104,909

Equity_and_Other_Investments

Equity and Other Investments	3 Months Ended
	Feb. 28, 2015
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, as the managing member of Kansas Entertainment, 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, 2014 and 2015. The Company's 50.0 percent portion of Kansas Entertainment’s net income is approximately $1.6 million and $3.2 million for the three months ended February 28, 2014 and 2015, respectively, and is included in income from equity investments in its consolidated statements of operations.
	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 payment if it had not commenced construction on an adjacent hotel by the second anniversary of its opening, which was February 2014. In June 2014, the Unified Government approved an extension of the construction commencement date to give the Unified Government time to complete a feasibility analysis for a new convention center that could be integrated with the hotel. Recently, the Unified Government decided not to proceed with the integrated development, leaving Kansas Entertainment until April 10, 2015, to commence construction on the adjacent hotel prior to the enforcement of the aforementioned payment.
	The final decision to move forward with the proposed hotel will be market-based and subject to approval by Kansas Entertainment’s board. Should Kansas Entertainment ultimately not build the hotel it will be subject to the payment 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 the three months ended February 28, 2014 and 2015 is approximately $0.1 million and $0.2 million, expense, respectively, related to this payment. The Company's share of this payment liability accrued from February 2014 through February 28, 2015 totaled approximately $0.7 million. At this time it is unlikely hotel construction will commence prior to the April 10, 2015, deadline and that Kansas Entertainment will be compelled to pay the accrued payment from the second anniversary of opening forward until such time as it may commence construction on a proposed hotel adjacent to the gaming facility.
	Distributions from Kansas Entertainment for the three months ended February 28, 2015 totaling $5.5 million, consist of approximately $3.5 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 $2.0 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 three months ended February 28, 2014 totaling $4.5 million, consist of approximately $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 approximate $2.6 million received, was recognized as a return of capital from investing activities on the Company's statement of cash flows.
	Subsequent to February 28, 2015, the Company received an additional distribution of approximately $8.0 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 has received a principal payment of approximately $6.1 million plus interest on the mortgage balance through February 28, 2015, and will receive the remaining purchase price of $66.4 million, due March 5, 2016. Interest on the remaining mortgage balance is due quarterly, in arrears, and Marine Development is current with all payments through April 2015. 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 $6.7 million at February 28, 2015, until the carrying amount of the property is recovered, which will not be until the final payment is made.
	The net proceeds from the sale, combined with the mortgage interest and related cash tax benefits, will provide the Company with approximately $118.0 million in incremental cash flow through the term of the mortgage.

Goodwill_and_Intangible_Assets

Goodwill and Intangible Assets	3 Months Ended
	Feb. 28, 2015
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-14
			Gross Carrying		Accumulated		Net Carrying
			Amount		Amortization		Amount
	Amortized intangible assets:
	Food, beverage and merchandise contracts		$	10	$	9	$	1
	Other		109		87		22
	Total amortized intangible assets		119		96		23
	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		$	178,725	$	96	$	178,629
			28-Feb-15
			Gross Carrying		Accumulated		Net Carrying
			Amount		Amortization		Amount
	Amortized intangible assets:
	Food, beverage and merchandise contracts		$	10	$	10	$	—
	Other		109		88		21
	Total amortized intangible assets		119		98		21
	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		$	178,725	$	98	$	178,627
	The following table presents current and expected amortization expense of the existing intangible assets as of February 28, 2015 for each of the following periods (in thousands):
	Amortization expense for the three months ended February 28, 2015	$	2
	Remaining estimated amortization expense for the year ending November 30:
	2015	6
	2016	3
	2017	1
	2018	1
	2019	1
	There were no changes in the carrying value of goodwill during the three months ended February 28, 2015.

LongTerm_Debt

Long-Term Debt	3 Months Ended
	Feb. 28, 2015
Text Block [Abstract]
Long-Term Debt	Long-Term Debt
	Long-term debt consists of the following (in thousands):
		November 30, 2014		February 28, 2015
	4.63 percent Senior Notes	$	65,000	$	65,000
	3.95 percent Senior Notes	100,000		100,000
	4.82 percent Revenue Bonds	339		256
	6.25 percent Term Loan	49,524		49,329
	TIF bond debt service funding commitment	56,883		56,899
	Revolving Credit Facility	—		—
		271,746		271,484
	Less: current portion	3,435		3,366
		$	268,311	$	268,118
	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, 2015, the Company was in compliance with its various restrictive covenants. At February 28, 2015, 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, 2015, the Company was in compliance with its various restrictive covenants. At February 28, 2015, 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 February 28, 2015, outstanding principal on the 4.82 percent Revenue Bonds was approximately $0.3 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 $323,000. At February 28, 2015, the outstanding principal on the 6.25 percent Term Loan was approximately $49.3 million.
	At February 28, 2015, outstanding taxable special obligation revenue (“TIF”) bonds, in connection with the financing of Kansas Speedway, totaled approximately $56.9 million, net of the unamortized discount, which is comprised of a $7.7 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 February 28, 2015, the Company was in compliance with its various restrictive covenants. At February 28, 2015, 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, 2014 and 2015, are as follows (in thousands):
		Three Months Ended
		28-Feb-14		28-Feb-15
	Interest expense	$	4,114	$	4,073
	Less: capitalized interest	981		2,605
	Net interest expense	$	3,133	$	1,468
	Financing costs of approximately $3.7 million and $3.6 million, net of accumulated amortization, have been deferred and are included in other assets at November 30, 2014 and February 28, 2015, 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, 2015
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, 2015, the Company had money market funds totaling approximately $62.6 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 $291.2 million compared to the carrying amount of approximately $271.7 million and approximately $293.0 million compared to the carrying amount of approximately $271.5 million at November 30, 2014 and February 28, 2015, respectively.
	The Company had no financial instruments that used level 3 inputs as of February 28, 2015.

Comprehensive_Income

Comprehensive Income	3 Months Ended
	Feb. 28, 2015
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, 2014		February 28, 2015
	Terminated interest rate swap, net of tax benefit of $2,600 and $2,494, respectively	$	3,981	$	3,817

Income_Taxes

Income Taxes	3 Months Ended
	Feb. 28, 2015
Text Block [Abstract]
Income Taxes	Income Taxes
	The principal causes of the decreased effective income tax rate, as compared to the statutory income tax rate, for the three months ended February 28, 2014 are the tax treatment related to the other income recognized as a result of Speedway Motorsports Inc.'s abandonment of their interest in SMISC, LLC on January 31, 2014, including the related tax benefits associated with various operating loss carryforwards of Motorsports Authentics, Inc. and certain tax filing positions of SMISC, LLC totaling approximately $1.8 million. Decreases in certain state tax rates are the principal causes of the decreased effective tax rate, as compared to the statutory income tax rate, for the three months ended February 28, 2015.
	As a result of these items, the Company's effective income tax rate decreased from the statutory income tax rate to approximately 24.4 percent and 36.1 percent for the three months ended February 28, 2014 and 2015, respectively.

Related_Party_Disclosures_and_

Related Party Disclosures and Transactions	3 Months Ended
	Feb. 28, 2015
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, 2014, 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 $23.7 million and $23.5 million for the three months ended February 28, 2014 and 2015, respectively.
	Under current agreements, NASCAR contracts directly with certain network providers for television rights to the entire NASCAR Sprint Cup, Xfinity 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, Xfinity 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, Xfinity, and Camping World Truck series events conducted at its wholly owned facilities, and recorded as part of motorsports related revenue, were approximately $58.0 million and $58.6 million for the three months ended February 28, 2014 and 2015, respectively.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Feb. 28, 2015
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, 2015, the Unified Government had approximately $1.2 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, 2015. At February 28, 2015, 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 56-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 approximately $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, House Bill 7095 was signed in Florida creating the Florida Sports Development Program, establishing a process for distributing state tax revenue for the construction or improvement of professional sports facilities. The DAYTONA Rising project is among the eligible applicants to receive sales tax incentives based on the project’s capital investment and amount of sales tax generated by the facility. The Company has filed its application and recently received approval from the state's Department of Economic Opportunity. The new program could potentially provide additional capital for the project. The Company, along with other applicants, are awaiting final decision on allocation of available funds.
	Total spending incurred for DAYTONA Rising was approximately $37.5 million during the three months ended February 28, 2015. 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 and 2015, the Company recognized accelerated depreciation and losses on disposal of assets totaling approximately $4.2 million and $4.3 million, respectively
	As part of DAYTONA Rising, the Company entered into a Design-Build Agreement with Barton Malow Company (“Barton Malow”), which obligates the Company 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, 2015
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, 2014 and 2015 (in thousands):
		Three Months Ended February 28, 2014
		Motorsports		All			Total
		Event		Other
	Revenues	$	126,526	$	5,602		$	132,128
	Depreciation and amortization	21,304		1,469			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
		Three Months Ended February 28, 2015
		Motorsports		All			Total
		Event		Other
	Revenues	$	124,749	$	12,139		$	136,888
	Depreciation and amortization	22,688		1,321			24,009
	Operating income (loss)	24,366		(2,775		)	21,591
	Capital expenditures	40,857		2,561			43,418
	Total assets	1,680,351		462,079			2,142,430
	Equity investments	—		118,972			118,972
	Intersegment revenues were approximately $0.3 million and $0.3 million for the three months ended February 28, 2014 and 2015, respectively.
	During the three months ended February 28, 2015, the Company recognized approximately $0.3 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, 2014, the Company recognized approximately $0.4 million of similar costs.
	During the three months ended February 28, 2015, the Company recognized approximately $3.9 million of accelerated depreciation that was recorded due to the shortening the service lives of certain assets associated with DAYTONA Rising and other projects. 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.
	During the three months ended February 28, 2015, the Company recognized approximately $1.6 million of losses primarily attributable to demolition costs in connection with DAYTONA Rising and other capital improvements. During the three months ended February 28, 2014, the Company recognized approximately $2.2 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, 2015
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, 2014 and 2015 (in thousands, except share and per share amounts):
		Three Months Ended
		February 28, 2014		February 28, 2015
	Numerator:
	Net income	$	19,895	$	14,953
	Denominator:
	Weighted average shares outstanding	46,515,208		46,583,832
	Effect of dilutive securities	14,808		12,773
	Diluted weighted average shares outstanding	46,530,016		46,596,605
	Basic and diluted earnings per share	$	0.43	$	0.32
	Anti-dilutive shares excluded in the computation of diluted earnings per share	136,501		104,909

Goodwill_and_Intangible_Assets1

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Feb. 28, 2015
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-14
			Gross Carrying		Accumulated		Net Carrying
			Amount		Amortization		Amount
	Amortized intangible assets:
	Food, beverage and merchandise contracts		$	10	$	9	$	1
	Other		109		87		22
	Total amortized intangible assets		119		96		23
	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		$	178,725	$	96	$	178,629
			28-Feb-15
			Gross Carrying		Accumulated		Net Carrying
			Amount		Amortization		Amount
	Amortized intangible assets:
	Food, beverage and merchandise contracts		$	10	$	10	$	—
	Other		109		88		21
	Total amortized intangible assets		119		98		21
	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		$	178,725	$	98	$	178,627
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, 2015 for each of the following periods (in thousands):
	Amortization expense for the three months ended February 28, 2015	$	2
	Remaining estimated amortization expense for the year ending November 30:
	2015	6
	2016	3
	2017	1
	2018	1
	2019	1

LongTerm_Debt_Tables

Long-Term Debt (Tables)	3 Months Ended
	Feb. 28, 2015
Text Block [Abstract]
Long-Term Debt	Long-term debt consists of the following (in thousands):
		November 30, 2014		February 28, 2015
	4.63 percent Senior Notes	$	65,000	$	65,000
	3.95 percent Senior Notes	100,000		100,000
	4.82 percent Revenue Bonds	339		256
	6.25 percent Term Loan	49,524		49,329
	TIF bond debt service funding commitment	56,883		56,899
	Revolving Credit Facility	—		—
		271,746		271,484
	Less: current portion	3,435		3,366
		$	268,311	$	268,118
Schedule of Interest Expense	Total interest expense incurred by the Company for the three months ended February 28, 2014 and 2015, are as follows (in thousands):
		Three Months Ended
		28-Feb-14		28-Feb-15
	Interest expense	$	4,114	$	4,073
	Less: capitalized interest	981		2,605
	Net interest expense	$	3,133	$	1,468

Comprehensive_Income_Tables

Comprehensive Income (Tables)	3 Months Ended
	Feb. 28, 2015
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, 2014		February 28, 2015
	Terminated interest rate swap, net of tax benefit of $2,600 and $2,494, respectively	$	3,981	$	3,817

Segment_Reporting_Tables

Segment Reporting (Tables)	3 Months Ended
	Feb. 28, 2015
Text Block [Abstract]
Segment Reporting	The following tables provide segment reporting of the Company for the three months ended February 28, 2014 and 2015 (in thousands):
		Three Months Ended February 28, 2014
		Motorsports		All			Total
		Event		Other
	Revenues	$	126,526	$	5,602		$	132,128
	Depreciation and amortization	21,304		1,469			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
		Three Months Ended February 28, 2015
		Motorsports		All			Total
		Event		Other
	Revenues	$	124,749	$	12,139		$	136,888
	Depreciation and amortization	22,688		1,321			24,009
	Operating income (loss)	24,366		(2,775		)	21,591
	Capital expenditures	40,857		2,561			43,418
	Total assets	1,680,351		462,079			2,142,430
	Equity investments	—		118,972			118,972

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, 2015	Feb. 28, 2014
Numerator:
Net (loss) income	$14,953	$19,895
Denominator:
Weighted average shares outstanding	46,583,832	46,515,208
Effect of dilutive securities	12,773	14,808
Diluted weighted average shares outstanding	46,596,605	46,530,016
Basic and diluted earnings per share
Basic and diluted (loss) earnings per share (in dollars per share)	$0.32	$0.43
Anti-dilutive shares excluded in the computation of diluted earnings per share	104,909	136,501

Equity_and_Other_Investments_A

Equity and Other Investments - Additional Information (Detail) (USD $)	3 Months Ended		1 Months Ended		0 Months Ended
	Feb. 28, 2015	Feb. 28, 2014	Feb. 28, 2014	Apr. 07, 2015	Aug. 05, 2013	Nov. 30, 2014	Feb. 29, 2012
Schedule of Equity Method Investments [Line Items]
Equity in net loss from equity investments	$3,244,000	$1,619,000
Distribution from equity investee	3,520,000	1,906,000
Distribution from equity investee and affiliate	1,980,000	2,594,000
Equity investments	118,972,000					122,565,000
Income Tax Expense (Benefit)	8,459,000	6,411,000
Kansas Entertainment
Schedule of Equity Method Investments [Line Items]
Ownership interest in joint venture	50.00%						50.00%
Equity in net loss from equity investments	3,200,000	1,600,000
Gross Revenue Expense Ratio			1.00%
Income (Loss) from Equity Method Investments, Related Penalty Amount	200,000	100,000
Other Accrued Liabilities	700,000
Distribution from equity investee	5,500,000	4,500,000
Kansas Entertainment | Subsequent Event [Member]
Schedule of Equity Method Investments [Line Items]
Distribution from equity investee				8,000,000
380 Development
Schedule of Equity Method Investments [Line Items]
Ownership interest in joint venture					100.00%
Distribution from equity investee					7,500,000
Equity Method Investment, Profit, Deferred	1,900,000
Equity Method Investment, Accrued Interest, Deferred	6,700,000
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%
380 Development | 6 months after closing
Schedule of Equity Method Investments [Line Items]
Distribution from equity investee	6,100,000
380 Development | 31 months after closing
Schedule of Equity Method Investments [Line Items]
Distribution from equity investee	66,400,000
Motorsports Authentics
Schedule of Equity Method Investments [Line Items]
Income Tax Expense (Benefit)	$1,800,000

Summary_of_Intangible_Assets_D

Summary of Intangible Assets (Detail) (USD $)	Feb. 28, 2015	Nov. 30, 2014
In Thousands, unless otherwise specified
Intangible Assets by Major Class [Line Items]
Net Carrying Amount	$178,627	$178,629
Motorsports Event
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	178,725	178,725
Accumulated Amortization	98	96
Net Carrying Amount	178,627	178,629
Motorsports Event | Amortized intangible assets
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	119	119
Accumulated Amortization	98	96
Net Carrying Amount	21	23
Motorsports Event | Amortized intangible assets | Food, beverage and merchandise contracts
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	10	10
Accumulated Amortization	10	9
Net Carrying Amount	0	1
Motorsports Event | Amortized intangible assets | Other
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	109	109
Accumulated Amortization	88	87
Net Carrying Amount	21	22
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, 2015
Disclosure Current And Expected Amortization Expense Of Intangible Assets [Abstract]
Amortization expense for the three months ended February 28, 2015	$2
Remaining estimated amortization expense for the year ending November 30:
2014	6
2015	3
2016	1
2017	1
2018	$1

Goodwill_and_Intangible_Assets2

Goodwill and Intangible Assets - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Feb. 28, 2015
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, 2015	Nov. 30, 2014
In Thousands, unless otherwise specified
Debt Instrument [Line Items]
Long-term debt	$271,484	$271,746
Less: current portion	3,366	3,435
Long-Term Debt	268,118	268,311
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	256	339
6.25 percent Term Loan
Debt Instrument [Line Items]
Long-term debt	49,329	49,524
TIF bond debt service funding commitment
Debt Instrument [Line Items]
Long-term debt	56,899	56,883
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt	$0	$0

LongTerm_Debt_Parenthetical_De

Long-Term Debt (Parenthetical) (Detail)	Feb. 28, 2015	Nov. 30, 2014
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, 2015	Feb. 28, 2014	Nov. 30, 2014
Debt Disclosure [Line Items]
Long-term debt	$271,484,000		$271,746,000
Stockholders' Equity Attributable to Parent	1,362,255,000		1,346,432,000
Interest expense	1,468,000	3,133,000
Financing costs deferred	3,600,000		3,700,000
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	18-Jan
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	13-Mar
3.95 percent Senior Notes | Semi Annual Payment, Second Payment
Debt Disclosure [Line Items]
Debt Instrument Interest Rate Payment Date	13-Sep
4.82 percent Revenue Bonds
Debt Disclosure [Line Items]
Debt, interest rate	4.82%		4.82%
Long-term debt	256,000		339,000
Debt, monthly payment	29,000
6.25 percent Term Loan
Debt Disclosure [Line Items]
Debt, interest rate	6.25%		6.25%
Long-term debt	49,329,000		49,524,000
Debt, monthly payment	323,000
Debt term	25
TIF bond debt service funding commitment
Debt Disclosure [Line Items]
Long-term debt	56,899,000		56,883,000
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	7,700,000
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
Four Quarters Ending after any Permitted Acquisition [Member]
Debt Disclosure [Line Items]
Debt Instrument, Covenant, Leverage Ratio, Maximum	4
Accumulated Other Comprehensive Loss
Debt Disclosure [Line Items]
Stockholders' Equity Attributable to Parent	($3,817,000)		($3,981,000)
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, 2015	Feb. 28, 2014
Debt Disclosure [Abstract]
Interest expense	$4,073	$4,114
Less: capitalized interest	2,605	981
Net interest expense	$1,468	$3,133

Financial_Instruments_Addition

Financial Instruments - Additional Information (Detail) (USD $)	Feb. 28, 2015	Nov. 30, 2014
In Millions, unless otherwise specified
Fair Value, Inputs, Level 1
Fair Value, Measurement Inputs, Disclosure [Line Items]
Money market funds	$62.60
Fair Value, Inputs, Level 2
Fair Value, Measurement Inputs, Disclosure [Line Items]
Long-term debt excluding credit facilities, fair value	293	291.2
Long-term debt excluding credit facilities, carrying amount	$271.50	$271.70

Comprehensive_Income_Details

Comprehensive Income (Details) (USD $)	Feb. 28, 2015	Nov. 30, 2014
In Thousands, unless otherwise specified
Statement of Comprehensive Income [Abstract]
Terminated interest rate swap, net of tax benefit of $2,600 and $2,494, respectively	$3,817	$3,981
Accumulated other comprehensive income (loss), terminated interest rate swap, tax	$2,494	$2,600

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Feb. 28, 2014
Operating Loss Carryforwards [Line Items]
Effective income tax rate	36.10%	24.40%
Income Tax Expense (Benefit)	$8,459	$6,411
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
In Millions, unless otherwise specified	Feb. 28, 2015	Feb. 28, 2014	Nov. 30, 2014
Related Party Transaction [Line Items]
Prize and point fund monies paid to NASCAR	$23.50	$23.70
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	$58.60	$58
Majority Shareholder
Related Party Transaction [Line Items]
France Family Group, which contains NASCAR, ownership of voting interest in the Company			72.00%
NASCAR
Related Party Transaction [Line Items]
Allocation of broadcast rights fees for each NASCAR Sprint Cup, Nationwide or Camping World Truck series event	10.00%
Event Promoter
Related Party Transaction [Line Items]
Allocation of broadcast rights fees for each NASCAR Sprint Cup, Nationwide or Camping World Truck series event	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%

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended
	Oct. 31, 2002	Feb. 28, 2015	Feb. 28, 2014	Nov. 30, 2014
Commitments and Contingencies Disclosure [Line Items]
Long-term debt		$271,484,000		$271,746,000
Standby letter of credit agreements in favor of third parties		4,000,000
2002 STAR Bonds
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		1,200,000
Daytona Rising
Commitments and Contingencies Disclosure [Line Items]
Restructuring and related cost, cost incurred to date		37,500,000
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 and related cost, accelerated depreciation		4,300,000	4,200,000
Restructuring and related cost, anticipated cost, subject to change		316,000,000
Maximum | Daytona Rising
Commitments and Contingencies Disclosure [Line Items]
Restructuring and related cost, expected cost		$400,000,000

Segment_Reporting_Detail

Segment Reporting (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Feb. 28, 2014
Segment Reporting Information [Line Items]
Revenues	$136,888	$132,128
Depreciation and amortization	24,009	22,773
Operating income (loss)	21,591	22,339
Capital expenditures	43,418	31,247
Total assets	2,142,430	2,093,042
Equity investments	118,972	131,431
Motorsports Event
Segment Reporting Information [Line Items]
Revenues	124,749	126,526
Depreciation and amortization	22,688	21,304
Operating income (loss)	24,366	24,758
Capital expenditures	40,857	30,361
Total assets	1,680,351	1,589,960
All Other
Segment Reporting Information [Line Items]
Revenues	12,139	5,602
Depreciation and amortization	1,321	1,469
Operating income (loss)	-2,775	-2,419
Capital expenditures	2,561	886
Total assets	462,079	503,082
Equity investments	$118,972	$131,431

Segment_Reporting_Additional_I

Segment Reporting - Additional Information (Detail) (USD $)	3 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
Segment Reporting Disclosure [Line Items]
Revenues	$136,888,000	$132,128,000
Impairment of long lived assets	1,579,000	2,220,000
Daytona Rising
Segment Reporting Disclosure [Line Items]
Restructuring and related cost, accelerated depreciation	4,300,000	4,200,000
Asset Retirement Obligation, Liabilities Incurred	1,600,000
Impairment of long lived assets		2,200,000
Intersegment Elimination
Segment Reporting Disclosure [Line Items]
Revenues	300,000	300,000
Motorsports Event
Segment Reporting Disclosure [Line Items]
Revenues	124,749,000	126,526,000
Motorsports Event | Daytona Rising
Segment Reporting Disclosure [Line Items]
Restructuring and related cost, accelerated depreciation	3,900,000
General and Administrative Expense | Motorsports Event | Daytona Rising
Segment Reporting Disclosure [Line Items]
Selling and Marketing Expense	$300,000	$400,000