International Speedway (ISCB) 10-K 27 Jan 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Nov. 30, 2016	Dec. 31, 2016	May 31, 2016
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Nov. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Trading Symbol	ISCA
Entity Registrant Name	INTERNATIONAL SPEEDWAY CORP
Entity Central Index Key	51,548
Current Fiscal Year End Date	--11-30
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 901,001,669.53
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		25,320,365
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		19,759,469

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2016	Nov. 30, 2015
Current Assets:
Cash and cash equivalents	$ 263,727	$ 160,548
Receivables, less allowance of $1,000 in 2015 and 2016, respectively	35,445	42,112
Income taxes receivable	189	572
Prepaid expenses and other current assets	13,759	62,312
Total Current Assets	313,120	265,544
Property and Equipment, net	1,455,506	1,448,964
Other Assets:
Equity investments	92,392	103,249
Intangible assets, net	178,629	178,626
Goodwill	118,791	118,791
Other	14,222	4,489
Total Other Assets	404,034	405,155
Total Assets	2,172,660	2,119,663
Current Liabilities:
Current portion of long-term debt	3,404	3,074
Accounts payable	29,770	56,968
Deferred income	39,416	38,243
Other current liabilities	22,728	20,344
Total Current Liabilities	95,318	118,629
Long-Term Debt	259,416	262,762
Deferred Income Taxes	409,585	336,232
Long-Term Deferred Income	5,988	6,969
Other Long-Term Liabilities	1,993	1,856
Commitments and Contingencies	0	0
Shareholders’ Equity:
Additional paid-in capital	437,292	449,136
Retained earnings	965,281	946,940
Accumulated other comprehensive loss	(2,659)	(3,323)
Total Shareholders’ Equity	1,400,360	1,393,215
Total Liabilities and Shareholders’ Equity	2,172,660	2,119,663
Class A Common Stock, $.01 par value, 80,000,000 shares authorized; 26,348,051 and 24,922,561 issued and outstanding in 2015 and 2016, respectively
Shareholders’ Equity:
Common Stock Value	249	263
Class B Common Stock, $.01 par value, 40,000,000 shares authorized; 19,942,136 and 19,767,280 issued and outstanding in 2015 and 2016, respectively
Shareholders’ Equity:
Common Stock Value	$ 197	$ 199

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Nov. 30, 2016	Nov. 30, 2015
Allowance for receivables	$ 1,000	$ 1,000
Class A Common Stock
Common Stock, par value (in per share)	$ 0.01	$ 0.01
Common Stock, shares authorized (in shares)	80,000,000	80,000,000
Common Stock, shares issued (in shares)	24,922,561	26,348,051
Common Stock, shares outstanding (in shares)	24,922,561	26,348,051
Class B Common Stock
Common Stock, par value (in per share)	$ 0.01	$ 0.01
Common Stock, shares authorized (in shares)	40,000,000	40,000,000
Common Stock, shares issued (in shares)	19,767,280	19,942,136
Common Stock, shares outstanding (in shares)	19,767,280	19,942,136

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
REVENUES:
Admissions, net	$ 123,521	$ 130,154	$ 129,688
Motorsports and other event related	477,197	451,838	433,738
Food, beverage and merchandise	41,968	47,282	72,880
Other	18,330	16,096	15,630
Total revenue	661,016	645,370	651,936
Direct:
NASCAR event management fees	171,836	167,841	162,988
Motorsports and other event related	133,322	131,109	128,229
Food, beverage and merchandise	30,142	38,484	58,265
General and administrative	110,828	111,617	108,563
Depreciation and amortization	102,156	94,727	90,352
Losses on retirements of long-lived assets	2,905	16,015	10,148
Total expenses	551,189	559,793	558,545
Operating income	109,827	85,577	93,391
Interest income	270	157	2,107
Interest expense	(13,837)	(9,582)	(9,182)
Other	12,896	730	5,380
Equity in net income from equity investments	14,913	14,060	8,916
Income before income taxes	124,069	90,942	100,612
Income taxes	47,731	34,308	33,233
Net income	$ 76,338	$ 56,634	$ 67,379
Earnings per share:
Basic and diluted (per share)	$ 1.66	$ 1.21	$ 1.45
Dividends per share (in dollars per share)	$ 0.41	$ 0.26	$ 0.24
Basic weighted average shares outstanding (in shares)	45,981,471	46,621,211	46,559,232
Diluted weighted average shares outstanding (in shares)	45,995,691	46,635,830	46,573,038

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 76,338	$ 56,634	$ 67,379
Other comprehensive income:
Amortization of interest rate swap, net of tax benefit of $425, $424 and $418, respectively	664	658	657
Comprehensive income	77,002	57,292	68,036
Amortization of interest rate swap, tax benefit	$ 418	$ 424	$ 425

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Class A Common StockCommon Stock	Class B Common StockCommon Stock
Beginning Balance at Nov. 30, 2013	$ 1,287,155	$ 445,097	$ 846,235	$ (4,638)	$ 261	$ 200
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	67,379		67,379
Other comprehensive income	657			657
Cash dividends	(11,181)		(11,181)
Reacquisition of previously issued common stock	(323)	(323)	0		0
Other	(81)	(82)			1
Stock-based compensation	2,826	2,826
Ending Balance at Nov. 30, 2014	1,346,432	447,518	902,433	(3,981)	262	200
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	56,634		56,634
Other comprehensive income	658			658
Cash dividends	(12,127)		(12,127)
Reacquisition of previously issued common stock	(984)	(984)	0		0
Conversion of Class B Common Stock to Class A Common Stock	0				1	(1)
Other	(342)	(342)			0
Stock-based compensation	2,944	2,944
Ending Balance at Nov. 30, 2015	1,393,215	449,136	946,940	(3,323)	263	199
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	76,338		76,338
Other comprehensive income	664			664
Exercise of stock options	136	136			0
Cash dividends	(18,859)		(18,859)
Reacquisition of previously issued common stock	(55,712)	(16,558)	(39,138)		(16)
Conversion of Class B Common Stock to Class A Common Stock	0				2	(2)
Other	872	872			0
Stock-based compensation	3,706	3,706
Ending Balance at Nov. 30, 2016	$ 1,400,360	$ 437,292	$ 965,281	$ (2,659)	$ 249	$ 197

Consolidated Statements of Cha7

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Statement of Stockholders' Equity [Abstract]
Cash dividends, per share (in dollars per share)	$ 0.41	$ 0.26	$ 0.24

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
OPERATING ACTIVITIES
Net income	$ 76,338	$ 56,634	$ 67,379
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of Staten Island property	(13,631)	0	0
Gain on assumption of controlling interest in equity investee	0	0	(5,447)
Depreciation and amortization	102,156	94,727	90,352
Stock-based compensation	3,706	2,944	2,826
Amortization of financing costs	1,745	1,787	1,779
Interest received on Staten Island note receivable	1,162	4,648	5,087
Deferred income taxes	72,936	(15,678)	(12,346)
Income from equity investments	(14,913)	(14,060)	(8,916)
Distribution from equity investee	16,067	15,209	10,076
Losses on retirements of long-lived assets, non-cash	2,399	3,490	2,644
Other, net	(277)	(702)	380
Changes in operating assets and liabilities
Receivables, net	6,667	(14,514)	(1,776)
Prepaid expenses and other assets	(14,751)	4,466	1,977
Accounts payable and other liabilities	4,837	5,128	(517)
Deferred income	192	2,621	(1,692)
Income taxes	1,255	5,287	11,041
Net cash provided by operating activities	245,888	151,987	162,847
INVESTING ACTIVITIES
Capital expenditures	(140,793)	(155,016)	(183,936)
Distribution from equity investee and affiliate	9,833	16,841	11,924
Equity investments and advances to affiliate	(130)	0	(1,322)
Proceeds from sale of Staten Island property	66,728	0	6,100
Proceeds from sale of assets	560	4,442	0
Cash included in assumption of ownership interest in equity investee	0	0	4,686
Other, net	(6)	(5)	32
Net cash used in investing activities	(63,808)	(133,738)	(162,516)
FINANCING ACTIVITIES
Payment of long-term debt	(3,408)	(3,437)	(2,807)
Deferred financing fees	(1,058)	0	0
Exercise of Class A common stock options	136	0	0
Cash dividends paid	(18,859)	(12,127)	(11,181)
Reacquisition of previously issued common stock	(55,712)	(984)	(323)
Net cash used in financing activities	(78,901)	(16,548)	(14,311)
Net increase (decrease) in cash and cash equivalents	103,179	1,701	(13,980)
Cash and cash equivalents at beginning of year	160,548	158,847	172,827
Cash and cash equivalents at end of year	$ 263,727	$ 160,548	$ 158,847

DESCRIPTION OF BUSINESS AND SUM

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Notes)	12 Months Ended
	Nov. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES DESCRIPTION OF BUSINESS: International Speedway Corporation (“ISC”), including its wholly owned subsidiaries (collectively the “Company”), is a leading promoter of motorsports themed entertainment activities in the United States. As of November 30, 2016 , the Company owned and/or operated 13 of the nation’s major motorsports entertainment facilities as follows: Track Name Location Track Length Daytona International Speedway Daytona Beach, Florida 2.5 miles Talladega Superspeedway Talladega, Alabama 2.7 miles Michigan International Speedway Brooklyn, Michigan 2.0 miles Auto Club Speedway of Southern California Fontana, California 2.0 miles Kansas Speedway Kansas City, Kansas 1.5 miles Richmond International Raceway Richmond, Virginia 0.8 miles Darlington Raceway Darlington, South Carolina 1.3 miles Chicagoland Speedway Joliet, Illinois 1.5 miles Martinsville Speedway Martinsville, Virginia 0.5 miles Phoenix International Raceway Phoenix, Arizona 1.0 miles Homestead-Miami Speedway Homestead, Florida 1.5 miles Watkins Glen International Watkins Glen, New York 3.4 miles Route 66 Raceway Joliet, Illinois 0.25 miles In 2016 , these motorsports entertainment facilities promoted well over 100 stock car, open wheel, sports car, truck, motorcycle and other racing events, including: • 21 National Association for Stock Car Auto Racing (“NASCAR”) NASCAR Cup Series events; • 14 NASCAR Xfinity Series events; • 9 NASCAR Camping World Truck Series events; • 2 International Motor Sports Association (“IMSA”) Weather Tech SportsCar Championship Series events including the premier sports car endurance event in the United States, the Rolex 24 At DAYTONA; • 5 ARCA Racing Series events; • One National Hot Rod Association (“NHRA”) Mello Yello Drag Racing Series event; • Two IndyCar ("IndyCar") Series event; and • A number of other prestigious stock car, sports car, open wheel and motorcycle events. 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 themed event operations consist principally of racing events at these major motorsports entertainment facilities, which, in total, currently have approximately 762,000 grandstand seats and 573 suites. The Company also conducts, either through operations of the particular facility or through certain wholly owned subsidiaries operating under the name “Americrown,” food and beverage concession operations and catering services, both in suites and chalets, for customers at its motorsports entertainment facilities. At the beginning of fiscal 2017, entitlement of NASCAR's premier series changed. The NASCAR Sprint Cup Series will become the Monster Energy NASCAR Cup Series. Throughout this document, the naming convention for this series is consistent with the branding in fiscal 2017 for prospective events and will be referred to as NASCAR Cup Series for retrospective discussion. Motor Racing Network, Inc. (“MRN”), the Company’s proprietary radio network, produces and syndicates to radio stations live coverage of the Monster Energy NASCAR Cup, Xfinity and Camping World Truck series races and certain other races conducted at the Company’s motorsports entertainment facilities, as well as some races from motorsports entertainment facilities the Company does not own. In addition, MRN provides production services for the trackside large screen video display units, at NASCAR Cup Series event weekends that take place at the Company's motorsports facilities. MRN also produces and syndicates daily and weekly NASCAR racing-themed programs. SIGNIFICANT ACCOUNTING POLICIES: PRINCIPLES OF CONSOLIDATION: The accompanying consolidated financial statements include the accounts of International Speedway Corporation, and its wholly owned subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. CASH AND CASH EQUIVALENTS: For purposes of reporting cash flows, cash and cash equivalents include cash on hand, bank demand deposit accounts and overnight sweep accounts used in the Company’s cash management program. All highly liquid investments with stated maturities of three months or less from the date of purchase are classified as cash equivalents. The Company maintained its cash and cash equivalents with a limited number of financial institutions at November 30, 2016 . RECEIVABLES: Receivables are stated at their estimated collectible amounts. The allowance for doubtful accounts is estimated based on historical experience of write offs and current expectations of conditions that might impact the collectability of accounts. PROPERTY AND EQUIPMENT: Property and equipment, including improvements to existing facilities, are stated at cost. Depreciation is provided for financial reporting purposes using the straight-line method over the estimated useful lives as follows: Buildings, grandstands and motorsports entertainment facilities 10-30 years Furniture and equipment 3-8 years Leasehold improvements are depreciated over the shorter of the related lease term or their estimated useful lives. The Company evaluates the carrying value of property and equipment and if there are indicators of potential impairment. If events or circumstances indicate that the carrying value of an asset may not be recoverable, an impairment loss would be recognized equal to the difference between the carrying value of the asset and its fair value. EQUITY INVESTMENTS: The Company’s investments in joint ventures and other investees where it can exert significant influence on the investee, but does not have effective control over the investee, are accounted for using the equity method of accounting. The Company’s equity in the net income (loss) from equity method investments is recorded as income (loss) with a corresponding increase (decrease) in the investment. Distributions received from the equity investees reduce the investment. Distributions from equity investees representing the Company's share of the equity investee's earnings are treated as cash proceeds from operations while distributions in excess of the equity investee's earnings are considered a return of capital and treated as cash proceeds from investing activities in the Company's consolidated statement of cash flows. GOODWILL AND INTANGIBLE ASSETS: All business combinations are accounted for under the purchase method. The excess of the cost of the acquisition over fair value of the net assets acquired (including recognized intangibles) is recorded as goodwill. Business combinations involving existing motorsports entertainment facilities commonly result in a significant portion of the purchase price being allocated to the fair value of the contract-based intangible asset associated with long-term relationships manifest in the sanction agreements with sanctioning bodies, such as NASCAR and IMSA. The continuity of sanction agreements with these bodies has historically enabled the Company to host these motorsports events year after year. While individual sanction agreements may be of terms as short as one year , a significant portion of the purchase price in excess of the fair value of acquired tangible assets is commonly paid to acquire anticipated future cash flows from events promoted pursuant to these agreements which are expected to continue for the foreseeable future and therefore, in accordance with Accounting Standards Codification (“ASC”) 805, are recorded as indefinite-lived intangible assets recognized apart from goodwill. The Company’s goodwill and other intangible assets are all associated with our Motorsports Event segment. The Company follows applicable authoritative guidance on accounting for goodwill and other intangible assets which specifies, among other things, non-amortization of goodwill and other intangible assets with indefinite useful lives and requires testing for possible impairment, either upon the occurrence of an impairment indicator or at least annually. The Company completes its annual testing in its fiscal fourth quarter, based on assumptions regarding the Company’s future business outlook and expected future discounted cash flows attributable to such assets (using the fair value assessment provision of applicable authoritative guidance), supported by quoted market prices or comparable transactions where available or applicable. In connection with the Company’s fiscal 2016 assessment of goodwill and intangible assets for possible impairment, the Company used the future discounted cash flows / income approach based on Level 3 Fair Value hierarchy. The Company believes its methods used to determine fair value and evaluate possible impairment were appropriate, relevant, and represent methods customarily available and used for such purposes. The Company’s latest annual assessment of goodwill and other intangible assets in the fourth quarter of fiscal 2016 indicated there had been no impairment and the fair value exceeded the carrying value for the respective reporting units. During fiscal 2016 , the Company believes there has been no significant change in the long-term fundamentals of its ongoing motorsports event business. The Company believes its present operational and cash flow outlook further support its conclusion. While the Company continues to review and analyze many factors that can impact its business prospects in the future, its analysis is subjective and is based on conditions existing at, and trends leading up to, the time the estimates and assumptions are made. Different conditions or assumptions, or changes in cash flows or profitability, if significant, could have a material adverse effect on the outcome of the impairment evaluation and the Company’s future condition or results of operations. FAIR VALUE OF FINANCIAL INSTRUMENTS In accordance with the “Financial Instruments” Topic, ASC 825-10 and in accordance with the “Fair Value Measurements and Disclosures” Topic, ASC 820-10, these topics discuss key considerations in determining fair value in such markets, and expanding disclosures on recurring fair value measurements using unobservable inputs (Level 3), clarification and additional disclosure is required about the use of fair value measurements. Various inputs are considered when determining the carrying values of cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities. These items 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) DEFERRED FINANCING FEES: Deferred financing fees are amortized over the term of the related debt and are included in other non-current assets. COMPREHENSIVE INCOME: Comprehensive income is the changes in equity of an enterprise except those resulting from shareholder transactions. INCOME TAXES: Income taxes have been provided using the asset and liability method. Under this method the Company’s estimates of deferred income taxes and the significant items giving rise to deferred tax assets and liabilities reflect its assessment of actual future taxes to be paid on items reflected in its financial statements, giving consideration to both timing and probability of realization. The Company establishes tax reserves related to certain matters, including penalties and interest, in the period when it is determined that it is probable that additional taxes, penalties and interest will be paid, and the amount is reasonably estimable. Such tax reserves are adjusted, as needed, in light of changing circumstances, such as statute of limitations expirations and other developments relating to uncertain tax positions and current tax items under examination, appeal or litigation. REVENUE RECOGNITION: Advance ticket sales and event-related revenues for future events are deferred until earned, which is generally once the events are conducted. The recognition of event-related expenses is matched with the recognition of event-related revenues. NASCAR contracts directly with certain network providers for television rights to the entire Monster Energy NASCAR Cup, Xfinity and Camping World Truck series schedules. Event promoters share in the television rights fees in accordance with the provision of the sanction agreement for each Monster Energy NASCAR Cup, Xfinity and Camping World Truck series event. Under the terms of this arrangement, NASCAR retains 10.0 percent of the gross broadcast rights fees allocated to each Monster Energy NASCAR 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 revenues from marketing partnerships are paid in accordance with negotiated contracts, with the identities of partners and the terms of sponsorship changing from time to time. Some of our marketing partnership agreements are for multiple facilities and/or events and include multiple specified elements, such as tickets, hospitality chalets, suites, display space and signage for each included event. The allocation of such marketing partnership revenues between the multiple elements, events and facilities is based on relative selling price. The sponsorship revenue allocated to an event is recognized when the event is conducted. Revenues and related costs from the sale of food, beverage and merchandise to retail customers are recognized at the time of sale. Kansas Speedway ("Kansas") and Chicagoland Speedway ("Chicagoland") offer Preferred Access Speedway Seating (“PASS”) agreements, which give purchasers the exclusive right and obligation to purchase season-ticket packages for certain sanctioned racing events annually, under specified terms and conditions. Among the conditions, licensees are required to purchase all season-ticket packages when and as offered each year. PASS agreements automatically terminate without refund should owners not purchase any offered season tickets. Net fees received under PASS agreements are deferred and are amortized into income over the term of the agreements. Long-term deferred income under the PASS agreements totals approximately $4.6 million and $3.8 million at November 30, 2015 and 2016 , respectively. ADVERTISING EXPENSE: Advertising costs are expensed as incurred. Advertising expense was approximately $16.5 million , $17.1 million and $17.7 million for the years ended November 30, 2014 , 2015 and 2016 , respectively. LOSS CONTINGENCIES: Legal and other costs incurred in conjunction with loss contingencies are expensed as incurred. USE OF ESTIMATES: The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. RECLASSIFICATIONS: Certain prior year amounts in the Consolidated Balance Sheets have been reclassified to conform with the current year presentation. NEW ACCOUNTING PRONOUNCEMENTS: In May 2014, the Financial Accounting Standards Board ("FASB"), in conjunction with the International Accounting Standards Board ("IASB"), issued Accounting Standards Update ("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. On July 9, 2015, the FASB approved a one-year deferral of the effective date, while permitting entities to elect to adopt one year earlier on the original effective date. As a result, for a public entity, the amendments in this Update are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. 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 in the process of analyzing the information necessary to determine the impact of adopting this new guidance on its financial position, results of operations, and cash flows. The Company will adopt the provisions of this statement in the first quarter of fiscal 2019. In April 2015, the FASB, in conjunction with the IASB, issued ASU No. 2015-03, "Interest - Imputation of Interest". The objective of this Update is to simplify the presentation of debt issuance costs. The amendments in this Update require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct reduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this Update. The Company has adopted the provisions of this statement in the first quarter of fiscal 2016 and prior periods have been retrospectively adjusted (see "Note 6. Long-Term Debt"). In August 2015, the FASB issued ASU No. 2015-15, "Interest - Imputation of Interest (Sub-Topic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements". Given the absence of authoritative guidance within Update 2015-03 for debt issuance costs related to line-of-credit arrangements, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The Company has adopted the provisions of this statement in the first quarter of fiscal 2016 and prior periods have been retrospectively adjusted. In November 2015, the Financial Accounting Standards Board issued ASU No. 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes". The objective of this Update is to simplify the presentation of deferred income taxes. The amendments in this Update require that deferred assets and liabilities be classified as long-term on the balance sheet instead of separating the deferred taxes into current and noncurrent amounts. 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 permitted for financial statements that have not been previously issued. The Company believes that this treatment of deferred taxes reduces the complexity of financial reporting while improving the usefulness of the information provided to users of the financial statements. As a result the Company elected to early adopt this Update prospectively as of November 30, 2015. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842): "Leases". The objective of this Update is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. To meet that objective, the FASB is amending the FASB Accounting Standards Codification and creating Topic 842, Leases. This Update, along with IFRS 16, Leases, are the results of the FASB’s and the International Accounting Standards Board’s (IASB’s) efforts to meet that objective and improve financial reporting. For a public entity, the amendments in this Update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption of the amendments in this Update is permitted for all entities. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company is currently evaluating the impact of adopting this new guidance on its financial position, results of operations, and cash flows, and will adopt the provisions of this statement in the first quarter of fiscal 2020.

EARNINGS PER SHARE (Notes)

EARNINGS PER SHARE (Notes)	12 Months Ended
	Nov. 30, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share for the years ended November 30, (in thousands, except share and per share amounts): 2014 2015 2016 Numerator: Net income $ 67,379 $ 56,634 $ 76,338 Basic earnings per share denominator: Weighted average shares outstanding 46,559,232 46,621,211 45,981,471 Basic earnings per share: Income from continuing operations $ 1.45 $ 1.21 $ 1.66 Loss from discontinued operations Net income $ 1.45 $ 1.21 $ 1.66 Denominator: Weighted average shares outstanding 46,559,232 46,621,211 45,981,471 Common stock options 13,806 14,619 14,220 Diluted weighted average shares outstanding 46,573,038 46,635,830 45,995,691 Basic and diluted earnings per share $ 1.45 $ 1.21 $ 1.66 Anti-dilutive shares excluded in the computation of diluted earnings per share 121,462 98,928 81,292

PROPERTY AND EQUIPMENT (Notes)

PROPERTY AND EQUIPMENT (Notes)	12 Months Ended
	Nov. 30, 2016
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Property and equipment consists of the following as of November 30, (in thousands): 2015 2016 Land and leasehold improvements $ 244,496 $ 244,337 Buildings, grandstands and motorsports entertainment facilities 1,695,682 1,831,804 Furniture and equipment 215,928 258,510 Construction in progress 131,897 55,011 2,288,003 2,389,662 Less accumulated depreciation 839,039 934,156 $ 1,448,964 $ 1,455,506 Depreciation expense was approximately $90.2 million , $94.7 million and $102.2 million for the years ended November 30, 2014 , 2015 and 2016 , respectively. The depreciation expense for the year ended November 30, 2015 , includes approximately $6.8 million of accelerated depreciation that was recorded due to the shortening of the service lives of certain assets associated with DAYTONA Rising and capacity management initiatives. There were no similar costs in fiscal 2016.

RETIREMENTS OF LONG-LIVED ASSET

RETIREMENTS OF LONG-LIVED ASSETS (Notes)	12 Months Ended
	Nov. 30, 2016
Impairment or Disposal of Tangible Assets Disclosure [Abstract]
RETIREMENTS OF LONG-LIVED ASSETS	RETIREMENTS OF LONG-LIVED ASSETS The Company recorded before-tax charges relating to retirements of long-lived assets during the fiscal years ending November 30 , as follows (in thousands): 2014 2015 2016 Losses on retirements of long-lived assets $ 10,148 $ 16,015 $ 2,905 Less: cash portion of losses on asset retirements 7,504 12,525 506 Non-cash losses on retirements of long-lived assets $ 2,644 $ 3,490 $ 2,399 The fiscal 2014 retirements are primarily attributable to the ongoing removal of certain assets in connection with the track repaving at Kansas, as well as guest enhancements at Talladega Superspeedway (“Talladega”), Richmond International Raceway (“Richmond”) and certain of the Company's other facilities. The fiscal 2015 retirements are primarily attributable to the removal of assets not fully depreciated in connection with DAYTONA Rising, capacity management initiatives and other capital improvements. The fiscal 2016 retirements are primarily attributable to the removal of assets not fully depreciated in connection with DAYTONA Rising and other capital improvements.

EQUITY AND OTHER INVESTMENTS (N

EQUITY AND OTHER INVESTMENTS (Notes)	12 Months Ended
	Nov. 30, 2016
Equity Method Investments and Joint Ventures [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 consolidated financial statements as of November 30, 2014 , 2015 and 2016 , respectively. The Company’s 50.0 percent portion of Kansas Entertainment’s net income was approximately $8.9 million , $14.1 million and $14.9 million for fiscal years 2014 , 2015 and 2016 , respectively, and is included in equity in net income from equity investments in the Company's consolidated statements of operations. Distributions from Kansas Entertainment, for the years ended November 30, are as follows (in thousands): 2014 2015 2016 Distribution from profits $ 10,076 $ 15,209 $ 16,067 Distribution in excess of profits 11,924 16,841 9,833 Total Distributions $ 22,000 $ 32,050 $ 25,900 Fairfield Inn at ONE DAYTONA Since June 2013, the Company has pursued development of ONE DAYTONA, the proposed premier mixed use and entertainment destination across from its Daytona International Speedway. Daytona Hotel Two, LLC ("Fairfield"), a joint venture of Daytona Hospitality Group II, LLC ("DHGII"), a subsidiary of Prime-Shaner Groups, and Daytona Beach Property Holdings Retail, LLC ("DBR"), a wholly owned indirect subsidiary of the Company, was formed to own, construct and operate a Fairfield Inn Hotel. The Fairfield will be situated within the ONE DAYTONA development. As per the partnership agreement, the Company's 33.25 percent share of equity will be limited to its non-cash land contribution and it will share in the profits from the joint venture proportionately to its equity ownership. In June 2016, DBR contributed land to the joint venture as per the agreement. Vertical construction of the hotel has commenced and is expected to open in the third quarter of fiscal 2017. DHGII is the managing member of the Fairfield and will be responsible for the development and operations of the hotel. There were no operations during the year ended November 30, 2016. 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 bore interest at an annual rate of 7.0 percent . In accordance with the terms of the agreement, the Company received a principal payment of approximately $6.1 million plus interest on this mortgage balance through February 29, 2016. The remaining purchase price of $66.4 million , was due in March 2016. In March 2016, the Company completed an assignment of all rights, title and interest in the mortgage and underlying promissory note to an affiliate of Matrix Development Group, a New York/New Jersey area developer, and received the remaining principal balance of $66.4 million , plus additional consideration of approximately $0.3 million . The Company has no further commitments or contingencies related to the property or its sale. As a result, in the second quarter of fiscal 2016, the Company recorded a gain of approximately $13.6 million , comprised of recognition of profit of approximately $1.9 million , interest totaling approximately $11.4 million , and other consideration paid. The deferred gain of $1.9 million is included in Other operating revenue in the Company's consolidated statement of operations, and the interest, and additional consideration received, is included in Other Revenue in the Company's consolidated statement of operations. The net proceeds from the sale, combined with the mortgage interest and related total cash tax benefit, has provided the Company with approximately $129.8 million in incremental cash flow through the aforementioned assignment of all rights. 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 consolidated 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 represented 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 tax benefits of approximately $4.0 million , representing the tax benefit associated with various operating loss carryforwards of MA that are expected to be realized in its consolidated tax filings in the future and certain other tax filing positions of SMISC, LLC. In November 2014, the Company recognized an impairment of a long-lived intangible asset of approximately $0.6 million, which is included in non-cash losses on retirements of long-lived assets. MA's operating income contribution, subsequent to consolidation, was immaterial, and is included in the Motorsports Event segment. Summarized financial information of the Company’s equity investments as of and for the years ended November 30, are as follows (in thousands): 2014 2015 2016 Current assets $ 33,349 $ 17,204 $ 15,856 Noncurrent assets 215,226 196,164 177,479 Current liabilities 19,273 17,749 17,380 Noncurrent liabilities — — — Net sales 141,849 153,183 153,276 Gross profit 72,031 80,691 82,087 Operating income 20,153 30,417 32,136 Net income 20,153 30,417 32,136

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Notes)	12 Months Ended
	Nov. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS The gross carrying value and accumulated amortization of the major classes of intangible assets as of November 30, are as follows (in thousands): 2015 Gross Accumulated Net Amortized intangible assets: Food, beverage and merchandise contracts $ 10 $ 10 $ — Other 114 94 20 Total amortized intangible assets 124 104 20 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 $ 178,730 $ 104 $ 178,626 2016 Gross Accumulated Net Amortized intangible assets: Food, beverage and merchandise contracts $ 10 $ 10 $ — Other 120 97 23 Total amortized intangible assets 130 107 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 $ 178,736 $ 107 $ 178,629 The following table presents current and expected amortization expense of the existing intangible assets as of November 30, for each of the following periods (in thousands): Amortization expense for the year ended November 30, 2016 $ 3 Estimated amortization expense for the year ending November 30: 2017 2 2018 2 2019 2 2020 2 2021 15 There were no changes in the carrying value of goodwill during fiscal 2015 and 2016 .

LONG-TERM DEBT (Notes)

LONG-TERM DEBT (Notes)	12 Months Ended
	Nov. 30, 2016
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt consists of the following as of November 30, (in thousands): 2015 2016 Principal Unamortized Discount and Debt Issuance Costs Principal Unamortized Discount and Debt Issuance Costs 4.63 percent Senior Notes $ 65,000 $ (261 ) $ 65,000 $ (210 ) 3.95 percent Senior Notes 100,000 (370 ) 100,000 (328 ) 6.25 percent Term Loan 48,726 — 47,878 — TIF bond debt service funding commitment 54,646 (1,905 ) 52,145 (1,665 ) Revolving Credit Facility — — — — 268,372 (2,536 ) 265,023 (2,203 ) Less: current portion 3,408 (334 ) 3,738 (334 ) $ 264,964 $ (2,202 ) $ 261,285 $ (1,869 ) Schedule of Payments (in thousands) For the year ending November 30: 2017 $ 3,738 2018 4,091 2019 4,522 2020 5,326 2021 70,808 Thereafter 176,933 265,418 Net premium (395 ) Total $ 265,023 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 November 30, 2016 , the Company was in compliance with its various restrictive covenants. At November 30, 2016 , 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 our 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 November 30, 2016 , the Company was in compliance with its various restrictive covenants. At November 30, 2016 , 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 and Route 66 Raceway, consisted 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 had an interest rate of 4.82 percent and a monthly payment of approximately $29,000 principal and interest. The principal on the 4.82 percent Revenue Bonds was paid in full in November 2015. 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 principal and interest. At November 30, 2016 , the outstanding principal on the 6.25 percent Term Loan was approximately $47.9 million . At November 30, 2016 , in connection with the financing of Kansas Speedway, totaled approximately $52.1 million , net of the unamortized discount, which is comprised of a $2.8 million principal amount, 6.15 percent term bond due December 1, 2017 and a $49.7 million principal amount, 6.75 percent term bond due December 1, 2027 . The TIF bonds are repaid by the Unified Government of Wyandotte County/Kansas City, Kansas (“Unified Government”) with payments made in lieu of property taxes (“Funding Commitment”) by the Company’s wholly owned subsidiary, Kansas Speedway Corporation (“KSC”). Principal (mandatory redemption) payments per the Funding Commitment are payable by KSC on October 1 of each year. The semi-annual interest component of the Funding Commitment is payable on April 1 and October 1 of each year. KSC granted a mortgage and security interest in the Kansas project for its Funding Commitment obligation. On September 27, 2016, the Company amended and extended its existing $300.0 million credit facility, maturing November 2017, and entered into a new $300.0 million revolving credit facility (“2016 Credit Facility”). The 2016 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 2016 Credit Facility is scheduled to mature five years from the date of inception, with two 1-year extension options. 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 2016 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 2016 Credit Facility. The 2016 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 2016 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 November 30, 2016 , the Company was in compliance with its various restrictive covenants. At November 30, 2016 , the Company had no outstanding borrowings under the 2016 Credit Facility. At November 30, 2016 , the Company has approximately $2.7 million , net of tax, deferred in accumulated other comprehensive loss associated with a terminated interest rate swap which is being amortized as interest expense over life of the 4.63 percent Senior Notes (see above). Total interest expense incurred by the Company for the years ended November 30, are as follows (in thousands): 2014 2015 2016 Interest expense $ 16,479 $ 16,286 $ 16,038 Less: capitalized interest 7,297 6,704 2,201 Net interest expense $ 9,182 $ 9,582 $ 13,837 At November 30, 2015 and 2016 , the Company recorded deferred financing costs of approximately $3.1 million and $3.6 million , respectively, net of accumulated amortization. These costs are being amortized on a straight line method, which approximates the effective yield method, over the life of the related financing.

FEDERAL AND STATE INCOME TAXES

FEDERAL AND STATE INCOME TAXES (Notes)	12 Months Ended
	Nov. 30, 2016
Income Tax Disclosure [Abstract]
FEDERAL AND STATE INCOME TAXES	FEDERAL AND STATE INCOME TAXES Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the provision for income taxes for the years ended November 30, are as follows (in thousands): 2014 2015 2016 Current tax expense (benefit): Federal $ 42,243 $ 46,095 $ (27,061 ) State 3,336 3,891 1,856 Deferred tax expense (benefit): Federal (13,450 ) (15,164 ) 70,186 State 1,104 (514 ) 2,750 Provision for income taxes $ 33,233 $ 34,308 $ 47,731 The reconciliation of income tax expense computed at the federal statutory tax rates to income tax expense for the years ended November 30, is as follows (percent of pre-tax income): 2014 2015 2016 Income tax computed at federal statutory rates 35.0 % 35.0 % 35.0 % State income taxes, net of federal tax benefit 3.8 2.5 3.2 MA abandonment benefit (5.9 ) — — Other, net 0.1 0.2 0.3 33.0 % 37.7 % 38.5 % The principal causes of the decreased income tax rate for the fiscal year ended November 30, 2014 are 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, including the related tax benefits associated with various operating loss and other carryforwards of MA and certain tax filing positions of SMISC, LLC totaling approximately $4.0 million along with certain state income tax adjustments. The principal causes of the decreased effective income tax rate as compared to the statutory income tax rate, for the fiscal year ended November 30, 2015 and 2016 are reductions in certain state tax rates. As a result of the above items, the Company’s effective income tax rate decreased from the statutory income rate to approximately 33.0 percent , 37.7 percent and 38.5 percent for the fiscal years ended November 30, 2014 , 2015 and 2016 , respectively. The components of the net deferred tax assets (liabilities) at November 30, are as follows (in thousands): 2015 2016 Loss carryforwards $ 13,918 $ 15,477 Deferred revenues 2,609 1,529 Accruals 7,204 2,946 Compensation related 3,509 4,065 Interest 3,406 2,740 Deferred tax assets 30,646 26,757 Valuation allowance (7,893 ) (7,031 ) Deferred tax assets, net of valuation allowance 22,753 19,726 Amortization and depreciation (357,389 ) (428,828 ) Equity investment (1,273 ) (180 ) Other (323 ) (303 ) Deferred tax liabilities (358,985 ) (429,311 ) Net deferred tax liabilities $ (336,232 ) $ (409,585 ) Deferred tax assets — current $ — $ — Deferred tax liabilities — noncurrent (336,232 ) (409,585 ) Net deferred tax liabilities $ (336,232 ) $ (409,585 ) At November 30, 2016 the Company has deferred tax assets related to various state loss carryforwards totaling approximately $13.2 million that expire in varying amounts beginning in fiscal 2019 . The Company also has deferred tax assets related to federal loss carryforwards subject to limitations under IRC 382 related to MA totaling approximately $2.3 million that expire beginning in fiscal 2032. The valuation allowance at November 30, 2015 and 2016 was primarily related to state loss carryforwards that, in the judgment of management, are not more likely to be realized. In evaluating the Company’s ability to recover its deferred income tax assets it considers all available positive and negative evidence, including operating results, ongoing tax planning and forecasts of future taxable income on a jurisdiction by jurisdiction basis. Federal returns for fiscal years 2012 through 2015 remain open and subject to examination by the Internal Revenue Service. The Company files and remits state income taxes in various states where the Company has determined it is required to file state income taxes. The Company’s filings with those states remain open for audit for the fiscal years 2011 through 2015 . A reconciliation of the beginning and ending amount of unrecognized tax liability is as follows (in thousands): Balance at December 1, 2015 $ 356 Reductions for tax positions of prior years (45 ) Balance at November 30, 2016 $ 311 In December 2015, Congress passed the Protecting Americans from Tax Hikes Act which included a retroactive renewal back to January 1, 2015 of the previously expired tax legislation. The Act extended accelerated depreciation on qualified capital investments placed into service. This bonus depreciation provision is 50% for qualifying assets placed into service from 2015 through 2017, 40% for qualifying assets placed into service in 2018 and 30% for qualifying assets placed into service in 2019. The impact of this tax legislation did not affect the Company's fiscal 2016 effective tax rate, but correspondingly reduced the current income tax payable and increased the noncurrent deferred tax liability by $73.4 million .

CAPITAL STOCK (Notes)

CAPITAL STOCK (Notes)	12 Months Ended
	Nov. 30, 2016
Equity [Abstract]
CAPITAL STOCK	CAPITAL STOCK The Company’s authorized capital includes 80.0 million shares of Class A Common Stock, par value $.01 (“Class A Common Stock”), 40.0 million shares of Class B Common Stock, par value $.01 (“Class B Common Stock”), and 1.0 million shares of Preferred Stock, par value $.01 (“Preferred Stock”). The shares of Class A Common Stock and Class B Common Stock are identical in all respects, except for voting rights and conversion rights as described below. Each share of Class A Common Stock entitles the holder to one-fifth (1/5) vote on each matter submitted to a vote of the Company’s shareholders and each share of Class B Common Stock entitles the holder to one (1) vote on each such matter, in each case including the election of directors. Holders of Class A Common Stock and Class B Common Stock are entitled to receive dividends at the same rate if and when declared by the Board of Directors out of funds legally available there from, subject to the dividend and liquidation rights of any Preferred Stock that may be issued and outstanding. Class A Common Stock has no conversion rights. Class B Common Stock is convertible into Class A Common Stock, in whole or in part, at any time at the option of the holder on the basis of one share of Class A Common Stock for each share of Class B Common Stock converted. Each share of Class B Common Stock will also automatically convert into one share of Class A Common Stock if, on the record date of any meeting of the shareholders, the number of shares of Class B Common Stock then outstanding is less than 10.0 percent of the aggregate number of shares of Class A Common Stock and Class B Common Stock then outstanding. The Board of Directors of the Company is authorized, without further shareholder action, to divide any or all shares of the authorized Preferred Stock into series and fix and determine the designations, preferences and relative rights and qualifications, limitations, or restrictions thereon of any series so established, including voting powers, dividend rights, liquidation preferences, redemption rights and conversion privileges. No shares of Preferred Stock are outstanding. The Board of Directors has not authorized any series of Preferred Stock, and there are no plans, agreements or understandings for the authorization or issuance of any shares of Preferred Stock. Stock Purchase Plan The Company has a share repurchase program (“Stock Purchase Plan”) under which it is authorized to purchase up to $330.0 million of its outstanding Class A common shares. In November 2016, the Company's Board of Directors expanded its Stock Purchase Plan by an incremental $200.0 million , bringing its total current authorization to $530.0 million . The timing and amount of any shares repurchased under the Stock Purchase Plan will depend on a variety of factors, including price, corporate and regulatory requirements, capital availability and other market conditions. The Stock Purchase Plan may be suspended or discontinued at any time without prior notice. No shares have been or will be knowingly purchased from Company insiders or their affiliates. Since inception of the Stock Purchase Plan through November 30, 2016 , the Company has purchased 8,722,073 shares of its Class A common shares, for a total of approximately $323.4 million . There were no purchases of the Company's Class A shares during fiscal 2014 or 2015 . In fiscal 2016 the Company purchased 1.7 million shares of our Class A common shares, at an average cost of approximately $33.25 per share (including commissions), for a total of approximately $55.1 million . Transactions occur in open market purchases and pursuant to a trading plan under Rule 10b5-1. At November 30, 2016 , the Company has approximately $206.6 million remaining repurchase authority under the current Stock Purchase Plan.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Notes)	12 Months Ended
	Nov. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES International Speedway Corporation has a salary incentive plan (the “ISC Plan”) designed to qualify under Section 401(k) of the Internal Revenue Code. Employees of International Speedway Corporation and certain participating subsidiaries who have completed one month of continuous service are eligible to participate in the ISC Plan. After twelve months of continuous service, matching contributions are made to a savings trust (subject to certain limits) concurrent with employees’ contributions. The level of the matching contribution depends upon the amount of the employee contribution. Employees become 100 percent vested upon entrance to the ISC Plan. The contribution expense for the ISC Plan was approximately $1.6 million , $1.7 million and $1.7 million for the years ended November 30, 2014 , 2015 and 2016 , respectively. The estimated cost to complete approved projects and current construction in progress at November 30, 2016 at the Company’s existing facilities is approximately $247.2 million . Included in Other current liabilities on the Company's Consolidated Balance Sheets are approximately $6.5 million and $4.1 million , of certain administrative costs as of November 30, 2015 and 2016, respectively. 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, any required premium and interest on the 2002 STAR Bonds. At November 30, 2016 , the Unified Government had approximately $0.9 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. The Company operates Homestead-Miami Speedway under an operating agreement which expires December 31, 2032 and provides for subsequent renewal terms through December 31, 2075. The Company operates Daytona International Speedway under an operating lease agreement which expires November 7, 2054. The Company also has various operating leases for office space and equipment. The future minimum payments under the operating agreement and leases utilized by the Company having initial or remaining non-cancelable terms in excess of one year at November 30, 2016 , are as follows (in thousands): For the year ending November 30: Operating Agreement Operating Leases 2017 $ 1,055 $ 4,570 2018 1,055 2,995 2019 1,055 1,947 2020 1,055 1,123 2021 1,055 943 Thereafter 11,693 30,318 Total $ 16,968 $ 41,896 Total expenses incurred under the track operating agreement, these operating leases and all other short-term rentals during the years ended November 30, 2014 , 2015 and 2016 were approximately $14.7 million , $14.4 million , and $13.7 million , respectively. 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 $6.0 million at November 30, 2016 . At November 30, 2016 , there were no amounts drawn on the standby letters of credit. 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.

RELATED PARTY DISCLOSURES AND T

RELATED PARTY DISCLOSURES AND TRANSACTIONS (Notes)	12 Months Ended
	Nov. 30, 2016
Related Party Transactions [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, IMSA, Historic Sportscar Racing, IndyCar Series, NASCAR, NHRA, 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 over 73.0 percent of the combined voting power of the outstanding stock of the Company, as of November 30, 2016 , and some members of which serve as directors and officers of the Company. Under current agreements, NASCAR contracts directly with certain network providers for television rights to the entire Monster Energy NASCAR 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 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, included in NASCAR event management fees (discussed below). 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 Cup, Xfinity and Camping World Truck series events conducted at its wholly owned facilities were approximately $302.9 million , $314.5 million and $325.1 million in fiscal years 2014 , 2015 and 2016 , respectively. The Company recorded prize money of approximately $84.0 million , $87.2 million and $89.6 million in fiscal years 2014 , 2015 and 2016 , respectively, included in NASCAR event management fees (discussed below) related to the aforementioned 25.0 percent of gross broadcast rights fees ultimately paid to competitors. Standard NASCAR and IMSA sanction agreements require racetrack operators to pay event management fees (collectively "NASCAR event management or NEM fees"), which include 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. Total NEM fees paid by the Company were approximately $163.0 million , $167.8 million and $171.8 million , for the fiscal years ended November 30, 2014 , 2015 and 2016 , respectively. The Company has outstanding receivables related to NASCAR and its affiliates of approximately $29.8 million and $21.3 million at November 30, 2015 and 2016 , respectively. The Company and NASCAR, along with certain NASCAR affiliates, share a variety of expenses in the ordinary course of business. NASCAR pays rent, as well as a related maintenance fee (allocated based on square footage), to the Company for office space in Daytona Beach, Florida. NASCAR pays the Company for radio, program and strategic initiative advertising, hospitality and suite rentals, various tickets and credentials, catering services, participation in a NASCAR racing event banquet, and track and other equipment rentals. The Company pays NASCAR for certain advertising, participation in NASCAR racing series banquets, the use of NASCAR trademarks and intellectual images and production space on trackside large screen video display units. The Company’s payments to NASCAR for MRN’s broadcast rights to NASCAR Camping World Truck races represent an agreed-upon percentage of the Company’s advertising revenues attributable to such race broadcasts. NASCAR also reimburses the Company for 50.0 percent of the compensation paid to certain personnel working in the Company’s legal, risk management and transportation departments, as well as 50.0 percent of the compensation expense associated with certain receptionists. The Company reimburses NASCAR for 50.0 percent of the compensation paid to certain personnel working in NASCAR’s legal department. NASCAR’s reimbursement for use of the Company’s mailroom, janitorial services, security services, catering, graphic arts, photo and publishing services, telephone system and the Company’s reimbursement of NASCAR for use of corporate aircraft is based on actual usage or an allocation of total actual usage. The aggregate amount received and receivable from NASCAR for shared expenses, net of amounts paid by the Company for shared expenses, totaled approximately $10.5 million , $10.2 million and $10.2 million during fiscal 2014 , 2015 and 2016 , respectively. We believe the amounts earned from or charged by us under each of the aforementioned transactions are commercially reasonable. IMSA, a wholly owned subsidiary of NASCAR, sanctions various events at certain of the Company’s facilities. Standard IMSA sanction agreements require racetrack operators to pay event management fees, which include prize and point fund monies for each sanctioned event conducted. The prize and point fund monies are distributed by IMSA to participants in the events. Event management fees paid by the Company to IMSA totaled approximately $1.3 million , $1.3 million and $1.3 million for the years ended November 30, 2014 , 2015 and 2016 , respectively. AMA Pro Racing, an entity controlled by a member of the France Family Group, sanctions various events at certain of the Company’s facilities. Standard AMA Pro Racing sanction agreements require racetrack operators to pay event management fees, which include prize and point fund monies for each sanctioned event conducted. The prize and point fund monies are distributed by AMA Pro Racing to participants in the events. Event management fees paid by the Company to AMA Pro Racing totaled approximately $0.5 million , $0.1 million and $0.1 million during fiscal 2014 , 2015 and 2016 , respectively. Furthermore, the Company and AMA Pro Racing share a variety of expenses in the ordinary course of business. The aggregate amount received from AMA Pro Racing by the Company for shared expenses, net of amounts paid by the Company for shared expenses, totaled approximately $0.2 million . The Company strives to ensure, and management believes that, the terms of the Company’s transactions with NASCAR, IMSA and AMA Pro Racing are commercially reasonable . Other Related Party Transactions Certain members of the France Family Group paid the Company for the utilization of security services, event planning, event tickets, purchase of catering services, maintenance services, and certain equipment. The amounts paid for these items were based on actual costs incurred, similar prices paid by unrelated third party purchasers of similar items or estimated fair market values. The net amount received by the Company for these items, totaled approximately $320,000 , $456,000 and $306,000 during fiscal 2014 , 2015 and 2016 , respectively. Crotty, Bartlett & Kelly, P.A. (“Crotty, Bartlett & Kelly”), is a law firm controlled by family members of W. Garrett Crotty, one of the Company’s executive officers. The Company engages Crotty, Bartlett & Kelly for certain legal and consulting services. The aggregate amount paid to Crotty, Bartlett & Kelly by the Company for legal and consulting services totaled approximately $31,000 , $39,000 and $36,000 during fiscal 2014 , 2015 and 2016 , respectively. J. Hyatt Brown, one of the Company’s directors, serves as Chairman of Brown & Brown, Inc. (“Brown & Brown”). Brown & Brown has received commissions for serving as the Company’s insurance broker for several of the Company’s insurance policies, including the Company’s property and casualty policy and certain employee benefit programs. The aggregate commissions received by Brown & Brown in connection with the Company’s policies were approximately $492,000 , $517,000 and $555,000 during fiscal 2014 , 2015 and 2016 , respectively. In fiscal 2014 , Brown & Brown paid the Company approximately $100,000 for the purchase of tickets. There were no comparable transactions in fiscal 2015 or 2016. One of the Company’s directors, Christy F. Harris, is Of Counsel to Kinsey, Vincent Pyle, L.C., a law firm that provided legal services to the Company during fiscal 2014 , 2015 and 2016 . The Company paid approximately $78,000 , $35,000 and $97,000 for these services in fiscal 2014 , 2015 and 2016 , respectively. We believe the amounts earned from or charged by us under each of the aforementioned transactions are commercially reasonable.

SUPPLEMENTAL DISCLOSURES OF CAS

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION (Notes)	12 Months Ended
	Nov. 30, 2016
Supplemental Cash Flow Information [Abstract]
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION	SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash paid for income taxes and interest for the years ended November 30, is summarized as follows (in thousands): 2014 2015 2016 Income taxes paid $ 51,314 $ 44,989 $ 24,392 Interest paid $ 14,429 $ 14,504 $ 14,199

LONG-TERM STOCK INCENTIVE PLAN

LONG-TERM STOCK INCENTIVE PLAN (Notes)	12 Months Ended
	Nov. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
LONG-TERM STOCK INCENTIVE PLAN	LONG-TERM STOCK INCENTIVE PLAN On November 30, 2016 , the Company has two share-based compensation plans, which are described below. Compensation cost included in operating expenses in the accompanying consolidated statements of operations for those plans was $2.8 million , $2.9 million , and $3.7 million for the years ended November 30, 2014 , 2015 and 2016 , respectively. The total income tax benefit recognized in the consolidated statements of operations for share-based compensation arrangements was approximately $1.2 million, $1.2 million and $1.5 million for the years ended November 30, 2014 , 2015 and 2016 , respectively. The Company’s 1996 Long-Term Stock Incentive Plan (the “1996 Plan”) authorized the grant of stock options (incentive and nonqualified), stock appreciation rights and restricted stock. The Company reserved an aggregate of 1,000,000 shares (subject to adjustment for stock splits and similar capital changes) of the Company’s Class A Common Stock for grants under the 1996 Plan. The 1996 Plan terminated in September 2006. All unvested stock options and restricted stock granted prior to the termination will continue to vest and will continue to be exercisable in accordance with their original terms. In April, 2006, the Company’s shareholders’ approved the 2006 Long-Term Incentive Plan (the “2006 Plan”) which authorizes the grant of stock options (incentive and non-qualified), stock appreciation rights, restricted and unrestricted stock, cash awards and Performance Units (as defined in the 2006 Plan) to employees, consultants and advisers of the Company capable of contributing to the Company’s performance. The Company has reserved an aggregate of 1,000,000 shares (subject to adjustment for stock splits and similar capital changes) of the Company’s Class A Common Stock for grants under the 2006 Plan. Incentive Stock Options may be granted only to employees eligible to receive them under the Internal Revenue Code of 1996, as amended. The 2006 Plan approved by the shareholders appoints the Compensation Committee (the “Committee”) to administer the 2006 Plan. Awards under the 2006 Plan will contain such terms and conditions not inconsistent with the 2006 Plan as the Committee in its discretion approves. The Committee has discretion to administer the 2006 Plan in the manner which it determines, from time to time, is in the best interest of the Company. Restricted Stock Awards Restricted stock awarded under the 1996 Plan and 2006 Plan (collectively the “Plans”) generally is subject to forfeiture in the event of termination of employment prior to vesting dates. Prior to vesting, the Plans participants own the shares and may vote and receive dividends, but are subject to certain restrictions. Restrictions include the prohibition of the sale or transfer of the shares during the period prior to vesting of the shares. The Company also has the right of first refusal to purchase any shares of stock issued under the Plans which are offered for sale subsequent to vesting. 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. The fair value of nonvested restricted stock is determined based on the opening trading price of the Company’s Class A Common Stock on the grant date. The Company granted 91,076 , 89,343 and 92,583 shares of restricted stock awards of the Company’s Class A Common Stock during the fiscal years ended November 30, 2014 , 2015 and 2016 , respectively, to certain officers, managers, and other employees under the Plans. The shares of restricted stock awarded 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 stock awards was $31.44 , $36.36 and $33.49 per share, respectively. The Company granted 8,118 , 8,190 and 8,073 shares of restricted stock awards of the Company’s Class A Common Stock during the fiscal years ended November 30, 2014 , 2015 and 2016 , respectively, to non-employee directors as partial compensation for their service as a director. The shares of restricted stock awarded vest at the rate of 100.0 percent on the one year anniversary after the date of grant. The weighted average grant date fair value of these restricted share awards was $33.28 , $36.67 and $33.45 per share, respectively. A summary of the status of the Company’s restricted stock as of November 30, 2016 , and changes during the fiscal year ended November 30, 2016 , is presented as follows: Restricted Shares Weighted- Average Grant- Date Fair Value (Per Share) Weighted- Average Remaining Contractual Term (Years) Unvested at November 30, 2015 359,793 $ 32.03 Granted 100,656 33.49 Vested (69,574 ) 32.55 Forfeited (882 ) 26.69 Unvested at November 30, 2016 389,993 32.32 3.5 As of November 30, 2016 , there was approximately $5.4 million of total unrecognized compensation cost related to unvested restricted stock awards granted under the Stock Plans. This cost is expected to be recognized over a weighted-average period of approximately 3.5 years . The total fair value of restricted stock awards vested during the fiscal years ended November 30, 2014 , 2015 and 2016 , was approximately $1.5 million , $3.7 million and $2.3 million , respectively. Nonqualified and Incentive Stock Options In fiscal 2010 a portion of each non-employee director’s compensation for their service as a director is through awards of options to acquire shares of the Company’s Class A Common Stock under the Plans. These options become exercisable one year after the date of grant and expire on the tenth anniversary of the date of grant . The Company also grants options to certain non-officer managers to purchase the Company’s Class A Common Stock under the Plans. These options generally vest over a two and one-half year period and expire on the tenth anniversary of the date of grant . The Company records stock-based compensation cost on its stock options awarded on the straight-line method over the requisite service period. The fair value of each option granted is estimated on the grant date using the Black-Scholes-Merton option-pricing valuation model that uses the assumptions noted in the following table. Expected volatilities are based on implied volatilities from historical volatility of the Company’s stock and other factors. The Company uses historical data to estimate option exercises and employee terminations within the valuation model. Separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. The expected term of options granted is estimated based on historical exercise behavior and represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. A summary of option activity under the Stock Plan as of November 30, 2016 , and changes during the year then ended is presented as follows: Options Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at November 30, 2015 148,951 $ 38.31 Expired (23,751 ) 46.59 Exercised (5,321 ) 25.65 Forfeited — — Outstanding at November 30, 2016 119,879 37.23 1.9 $ 598,489 Vested and Exercisable at November 30, 2016 119,879 $ 37.23 1.9 $ 598,489 There were no options granted in fiscal years 2014 , 2015 and 2016 . There were no options exercised during fiscal years 2014 , 2015 and there were 5,321 options exercised during fiscal year 2016 . The total intrinsic value of options exercised during the fiscal year ended November 30, 2016 , was approximately $0.6 million . The actual tax benefit realized for the tax deductions from exercise of the stock options totaled approximately $20,251 for the fiscal year ended November 30, 2016 . As of November 30, 2016 , there was no unrecognized compensation cost related to unvested stock options granted under the Stock Plan.

FINANCIAL INSTRUMENTS (Notes)

FINANCIAL INSTRUMENTS (Notes)	12 Months Ended
	Nov. 30, 2016
Fair Value Disclosures [Abstract]
FINANCIAL INSTRUMENTS	FINANCIAL INSTRUMENTS In accordance with the “Financial Instruments” Topic, ASC 825-10 and in accordance with the “Fair Value Measurements and Disclosures” Topic, ASC 820-10, these topics discuss key considerations in determining fair value in such markets, and expanding disclosures on recurring fair value measurements using unobservable inputs (Level 3), clarification and additional disclosure is required about the use of fair value measurements. Various inputs are considered when determining the carrying values of cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities. These items 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 November 30, 2016 , the Company had money market funds totaling approximately $68.4 million and are included in cash and cash equivalents in the 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. At November 30, 2016 , the fair value of the long-term debt, as determined by quotes from financial institutions, was approximately $278.2 million compared to the carrying amount of approximately $265.0 million . The Company had no level 3 inputs as of November 30, 2016 .

QUARTERLY DATA (UNAUDITED) (Not

QUARTERLY DATA (UNAUDITED) (Notes)	12 Months Ended
	Nov. 30, 2016
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY DATA (UNAUDITED)	QUARTERLY DATA (UNAUDITED) The Company derives most of its income from a limited number of NASCAR-sanctioned races. As a result, the Company’s business has been, and is expected to remain, highly seasonal based on the timing of major events. The following table presents certain unaudited financial data for each quarter of fiscal 2015 and 2016 (in thousands, except per share amounts): Fiscal Quarter Ended February 28, May 31, August 31, November 30, Total revenue $ 136,552 $ 164,010 $ 125,490 $ 219,318 Operating income (loss) 21,591 19,217 (7,138 ) 51,907 Net income (loss) 14,953 13,355 (3,956 ) 32,282 Basic and diluted earnings (loss) per share 0.32 0.29 (0.08 ) 0.69 Fiscal Quarter Ended February 29, May 31, August 31, November 30, Total revenue $ 142,630 $ 167,561 $ 128,986 $ 221,839 Operating income 31,166 23,679 3,737 51,245 Net income 19,831 21,898 2,173 32,436 Basic and diluted earnings per share 0.43 0.47 0.05 0.72

SEGMENT REPORTING (Notes)

SEGMENT REPORTING (Notes)	12 Months Ended
	Nov. 30, 2016
Segment Reporting [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. Intersegment revenues were approximately $2.0 million , $2.1 million and $2.2 million for the years ended November 30, 2014 , 2015 and 2016 , respectively. The following table shows information by operating segment (in thousands): For the Year Ended November 30, 2014 Motorsports Event All Other Total Revenues $ 609,973 $ 43,981 $ 653,954 Depreciation and amortization 84,614 5,738 90,352 Operating income (loss) 99,332 (5,941 ) 93,391 Equity investments income — 8,916 8,916 Capital expenditures 177,318 6,618 183,936 Total assets 1,621,726 455,925 2,077,651 Equity investments — 122,565 122,565 For the Year Ended November 30, 2015 Motorsports Event All Other Total Revenues $ 607,483 $ 39,986 $ 647,469 Depreciation and amortization 89,823 4,904 94,727 Operating income (loss) 89,395 (3,818 ) 85,577 Equity investments income — 14,060 14,060 Capital expenditures 144,641 10,375 155,016 Total assets 1,682,700 439,499 2,122,199 Equity investments — 103,249 103,249 For the Year Ended November 30, 2016 Motorsports Event All Other Total Revenues $ 630,213 $ 32,953 $ 663,166 Depreciation and amortization 97,816 4,340 102,156 Operating income (loss) 107,690 2,137 109,827 Equity investments income — 14,913 14,913 Capital expenditures 100,644 40,149 140,793 Total assets 1,651,845 520,815 2,172,660 Equity investments — 92,392 92,392

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts (Notes)	12 Months Ended
	Nov. 30, 2016
Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Schedule II — Valuation and Qualifying Accounts (in thousands) Description Balance beginning of period Additions charged to costs and expenses Deductions (A) Balance at end of period For the year ended November 30, 2014 Allowance for doubtful accounts $ 1,000 $ 101 $ 101 $ 1,000 For the year ended November 30, 2015 Allowance for doubtful accounts 1,000 260 260 1,000 For the year ended November 30, 2016 Allowance for doubtful accounts 1,000 94 94 1,000 (A) Uncollectible accounts written off, net of recoveries.

DESCRIPTION OF BUSINESS AND S26

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Nov. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
PRINCIPLES OF CONSOLIDATION	The accompanying consolidated financial statements include the accounts of International Speedway Corporation, and its wholly owned subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation.
CASH AND CASH EQUIVALENTS	For purposes of reporting cash flows, cash and cash equivalents include cash on hand, bank demand deposit accounts and overnight sweep accounts used in the Company’s cash management program. All highly liquid investments with stated maturities of three months or less from the date of purchase are classified as cash equivalents.
RECEIVABLES	Receivables are stated at their estimated collectible amounts. The allowance for doubtful accounts is estimated based on historical experience of write offs and current expectations of conditions that might impact the collectability of accounts.
PROPERTY AND EQUIPMENT	Property and equipment, including improvements to existing facilities, are stated at cost. Depreciation is provided for financial reporting purposes using the straight-line method over the estimated useful lives as follows: Buildings, grandstands and motorsports entertainment facilities 10-30 years Furniture and equipment 3-8 years Leasehold improvements are depreciated over the shorter of the related lease term or their estimated useful lives. The Company evaluates the carrying value of property and equipment and if there are indicators of potential impairment. If events or circumstances indicate that the carrying value of an asset may not be recoverable, an impairment loss would be recognized equal to the difference between the carrying value of the asset and its fair value.
EQUITY INVESTMENTS	The Company’s investments in joint ventures and other investees where it can exert significant influence on the investee, but does not have effective control over the investee, are accounted for using the equity method of accounting. The Company’s equity in the net income (loss) from equity method investments is recorded as income (loss) with a corresponding increase (decrease) in the investment. Distributions received from the equity investees reduce the investment. Distributions from equity investees representing the Company's share of the equity investee's earnings are treated as cash proceeds from operations while distributions in excess of the equity investee's earnings are considered a return of capital and treated as cash proceeds from investing activities in the Company's consolidated statement of cash flows.
GOODWILL AND INTANGIBLE ASSETS	All business combinations are accounted for under the purchase method. The excess of the cost of the acquisition over fair value of the net assets acquired (including recognized intangibles) is recorded as goodwill. Business combinations involving existing motorsports entertainment facilities commonly result in a significant portion of the purchase price being allocated to the fair value of the contract-based intangible asset associated with long-term relationships manifest in the sanction agreements with sanctioning bodies, such as NASCAR and IMSA. The continuity of sanction agreements with these bodies has historically enabled the Company to host these motorsports events year after year. While individual sanction agreements may be of terms as short as one year , a significant portion of the purchase price in excess of the fair value of acquired tangible assets is commonly paid to acquire anticipated future cash flows from events promoted pursuant to these agreements which are expected to continue for the foreseeable future and therefore, in accordance with Accounting Standards Codification (“ASC”) 805, are recorded as indefinite-lived intangible assets recognized apart from goodwill. The Company’s goodwill and other intangible assets are all associated with our Motorsports Event segment. The Company follows applicable authoritative guidance on accounting for goodwill and other intangible assets which specifies, among other things, non-amortization of goodwill and other intangible assets with indefinite useful lives and requires testing for possible impairment, either upon the occurrence of an impairment indicator or at least annually. The Company completes its annual testing in its fiscal fourth quarter, based on assumptions regarding the Company’s future business outlook and expected future discounted cash flows attributable to such assets (using the fair value assessment provision of applicable authoritative guidance), supported by quoted market prices or comparable transactions where available or applicable. In connection with the Company’s fiscal 2016 assessment of goodwill and intangible assets for possible impairment, the Company used the future discounted cash flows / income approach based on Level 3 Fair Value hierarchy. The Company believes its methods used to determine fair value and evaluate possible impairment were appropriate, relevant, and represent methods customarily available and used for such purposes. The Company’s latest annual assessment of goodwill and other intangible assets in the fourth quarter of fiscal 2016 indicated there had been no impairment and the fair value exceeded the carrying value for the respective reporting units. During fiscal 2016 , the Company believes there has been no significant change in the long-term fundamentals of its ongoing motorsports event business. The Company believes its present operational and cash flow outlook further support its conclusion. While the Company continues to review and analyze many factors that can impact its business prospects in the future, its analysis is subjective and is based on conditions existing at, and trends leading up to, the time the estimates and assumptions are made. Different conditions or assumptions, or changes in cash flows or profitability, if significant, could have a material adverse effect on the outcome of the impairment evaluation and the Company’s future condition or results of operations.
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS In accordance with the “Financial Instruments” Topic, ASC 825-10 and in accordance with the “Fair Value Measurements and Disclosures” Topic, ASC 820-10, these topics discuss key considerations in determining fair value in such markets, and expanding disclosures on recurring fair value measurements using unobservable inputs (Level 3), clarification and additional disclosure is required about the use of fair value measurements. Various inputs are considered when determining the carrying values of cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities. These items 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)
DEFERRED FINANCING FEES	Deferred financing fees are amortized over the term of the related debt and are included in other non-current assets.
COMPREHENSIVE INCOME	Comprehensive income is the changes in equity of an enterprise except those resulting from shareholder transactions.
INCOME TAXES	Income taxes have been provided using the asset and liability method. Under this method the Company’s estimates of deferred income taxes and the significant items giving rise to deferred tax assets and liabilities reflect its assessment of actual future taxes to be paid on items reflected in its financial statements, giving consideration to both timing and probability of realization. The Company establishes tax reserves related to certain matters, including penalties and interest, in the period when it is determined that it is probable that additional taxes, penalties and interest will be paid, and the amount is reasonably estimable. Such tax reserves are adjusted, as needed, in light of changing circumstances, such as statute of limitations expirations and other developments relating to uncertain tax positions and current tax items under examination, appeal or litigation.
REVENUE RECOGNITION	Advance ticket sales and event-related revenues for future events are deferred until earned, which is generally once the events are conducted. The recognition of event-related expenses is matched with the recognition of event-related revenues. NASCAR contracts directly with certain network providers for television rights to the entire Monster Energy NASCAR Cup, Xfinity and Camping World Truck series schedules. Event promoters share in the television rights fees in accordance with the provision of the sanction agreement for each Monster Energy NASCAR Cup, Xfinity and Camping World Truck series event. Under the terms of this arrangement, NASCAR retains 10.0 percent of the gross broadcast rights fees allocated to each Monster Energy NASCAR 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 revenues from marketing partnerships are paid in accordance with negotiated contracts, with the identities of partners and the terms of sponsorship changing from time to time. Some of our marketing partnership agreements are for multiple facilities and/or events and include multiple specified elements, such as tickets, hospitality chalets, suites, display space and signage for each included event. The allocation of such marketing partnership revenues between the multiple elements, events and facilities is based on relative selling price. The sponsorship revenue allocated to an event is recognized when the event is conducted. Revenues and related costs from the sale of food, beverage and merchandise to retail customers are recognized at the time of sale. Kansas Speedway ("Kansas") and Chicagoland Speedway ("Chicagoland") offer Preferred Access Speedway Seating (“PASS”) agreements, which give purchasers the exclusive right and obligation to purchase season-ticket packages for certain sanctioned racing events annually, under specified terms and conditions. Among the conditions, licensees are required to purchase all season-ticket packages when and as offered each year. PASS agreements automatically terminate without refund should owners not purchase any offered season tickets. Net fees received under PASS agreements are deferred and are amortized into income over the term of the agreements.
ADVERTISING EXPENSE	Advertising costs are expensed as incurred.
LOSS CONTINGENCIES	Legal and other costs incurred in conjunction with loss contingencies are expensed as incurred.
USE OF ESTIMATES	The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
NEW ACCOUNTING PRONOUNCEMENTS	In May 2014, the Financial Accounting Standards Board ("FASB"), in conjunction with the International Accounting Standards Board ("IASB"), issued Accounting Standards Update ("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. On July 9, 2015, the FASB approved a one-year deferral of the effective date, while permitting entities to elect to adopt one year earlier on the original effective date. As a result, for a public entity, the amendments in this Update are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. 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 in the process of analyzing the information necessary to determine the impact of adopting this new guidance on its financial position, results of operations, and cash flows. The Company will adopt the provisions of this statement in the first quarter of fiscal 2019. In April 2015, the FASB, in conjunction with the IASB, issued ASU No. 2015-03, "Interest - Imputation of Interest". The objective of this Update is to simplify the presentation of debt issuance costs. The amendments in this Update require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct reduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this Update. The Company has adopted the provisions of this statement in the first quarter of fiscal 2016 and prior periods have been retrospectively adjusted (see "Note 6. Long-Term Debt"). In August 2015, the FASB issued ASU No. 2015-15, "Interest - Imputation of Interest (Sub-Topic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements". Given the absence of authoritative guidance within Update 2015-03 for debt issuance costs related to line-of-credit arrangements, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The Company has adopted the provisions of this statement in the first quarter of fiscal 2016 and prior periods have been retrospectively adjusted. In November 2015, the Financial Accounting Standards Board issued ASU No. 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes". The objective of this Update is to simplify the presentation of deferred income taxes. The amendments in this Update require that deferred assets and liabilities be classified as long-term on the balance sheet instead of separating the deferred taxes into current and noncurrent amounts. 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 permitted for financial statements that have not been previously issued. The Company believes that this treatment of deferred taxes reduces the complexity of financial reporting while improving the usefulness of the information provided to users of the financial statements. As a result the Company elected to early adopt this Update prospectively as of November 30, 2015. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842): "Leases". The objective of this Update is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. To meet that objective, the FASB is amending the FASB Accounting Standards Codification and creating Topic 842, Leases. This Update, along with IFRS 16, Leases, are the results of the FASB’s and the International Accounting Standards Board’s (IASB’s) efforts to meet that objective and improve financial reporting. For a public entity, the amendments in this Update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption of the amendments in this Update is permitted for all entities. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company is currently evaluating the impact of adopting this new guidance on its financial position, results of operations, and cash flows, and will adopt the provisions of this statement in the first quarter of fiscal 2020.

DESCRIPTION OF BUSINESS AND S27

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Nov. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Company Owned and/or Operated Major Motorsports Entertainment Facilities	As of November 30, 2016 , the Company owned and/or operated 13 of the nation’s major motorsports entertainment facilities as follows: Track Name Location Track Length Daytona International Speedway Daytona Beach, Florida 2.5 miles Talladega Superspeedway Talladega, Alabama 2.7 miles Michigan International Speedway Brooklyn, Michigan 2.0 miles Auto Club Speedway of Southern California Fontana, California 2.0 miles Kansas Speedway Kansas City, Kansas 1.5 miles Richmond International Raceway Richmond, Virginia 0.8 miles Darlington Raceway Darlington, South Carolina 1.3 miles Chicagoland Speedway Joliet, Illinois 1.5 miles Martinsville Speedway Martinsville, Virginia 0.5 miles Phoenix International Raceway Phoenix, Arizona 1.0 miles Homestead-Miami Speedway Homestead, Florida 1.5 miles Watkins Glen International Watkins Glen, New York 3.4 miles Route 66 Raceway Joliet, Illinois 0.25 miles
Property, Plant and Equipment - Estimated Useful Life	Depreciation is provided for financial reporting purposes using the straight-line method over the estimated useful lives as follows: Buildings, grandstands and motorsports entertainment facilities 10-30 years Furniture and equipment 3-8 years

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Nov. 30, 2016
Earnings Per Share [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 years ended November 30, (in thousands, except share and per share amounts): 2014 2015 2016 Numerator: Net income $ 67,379 $ 56,634 $ 76,338 Basic earnings per share denominator: Weighted average shares outstanding 46,559,232 46,621,211 45,981,471 Basic earnings per share: Income from continuing operations $ 1.45 $ 1.21 $ 1.66 Loss from discontinued operations Net income $ 1.45 $ 1.21 $ 1.66 Denominator: Weighted average shares outstanding 46,559,232 46,621,211 45,981,471 Common stock options 13,806 14,619 14,220 Diluted weighted average shares outstanding 46,573,038 46,635,830 45,995,691 Basic and diluted earnings per share $ 1.45 $ 1.21 $ 1.66 Anti-dilutive shares excluded in the computation of diluted earnings per share 121,462 98,928 81,292

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Nov. 30, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following as of November 30, (in thousands): 2015 2016 Land and leasehold improvements $ 244,496 $ 244,337 Buildings, grandstands and motorsports entertainment facilities 1,695,682 1,831,804 Furniture and equipment 215,928 258,510 Construction in progress 131,897 55,011 2,288,003 2,389,662 Less accumulated depreciation 839,039 934,156 $ 1,448,964 $ 1,455,506

RETIREMENTS OF LONG-LIVED ASS30

RETIREMENTS OF LONG-LIVED ASSETS (Tables)	12 Months Ended
	Nov. 30, 2016
Impairment or Disposal of Tangible Assets Disclosure [Abstract]
Schedule of charges relating to retirement of long-lived assets	The Company recorded before-tax charges relating to retirements of long-lived assets during the fiscal years ending November 30 , as follows (in thousands): 2014 2015 2016 Losses on retirements of long-lived assets $ 10,148 $ 16,015 $ 2,905 Less: cash portion of losses on asset retirements 7,504 12,525 506 Non-cash losses on retirements of long-lived assets $ 2,644 $ 3,490 $ 2,399

EQUITY AND OTHER INVESTMENTS (T

EQUITY AND OTHER INVESTMENTS (Tables)	12 Months Ended
	Nov. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]
Distributions from Kansas Entertainment	Distributions from Kansas Entertainment, for the years ended November 30, are as follows (in thousands): 2014 2015 2016 Distribution from profits $ 10,076 $ 15,209 $ 16,067 Distribution in excess of profits 11,924 16,841 9,833 Total Distributions $ 22,000 $ 32,050 $ 25,900
Summarized Financial Information of Equity Investments	Summarized financial information of the Company’s equity investments as of and for the years ended November 30, are as follows (in thousands): 2014 2015 2016 Current assets $ 33,349 $ 17,204 $ 15,856 Noncurrent assets 215,226 196,164 177,479 Current liabilities 19,273 17,749 17,380 Noncurrent liabilities — — — Net sales 141,849 153,183 153,276 Gross profit 72,031 80,691 82,087 Operating income 20,153 30,417 32,136 Net income 20,153 30,417 32,136

GOODWILL AND INTANGIBLE ASSET32

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Nov. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets	The gross carrying value and accumulated amortization of the major classes of intangible assets as of November 30, are as follows (in thousands): 2015 Gross Accumulated Net Amortized intangible assets: Food, beverage and merchandise contracts $ 10 $ 10 $ — Other 114 94 20 Total amortized intangible assets 124 104 20 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 $ 178,730 $ 104 $ 178,626 2016 Gross Accumulated Net Amortized intangible assets: Food, beverage and merchandise contracts $ 10 $ 10 $ — Other 120 97 23 Total amortized intangible assets 130 107 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 $ 178,736 $ 107 $ 178,629
Current and Expected Amortization Expense of the Existing Intangible Assets	The following table presents current and expected amortization expense of the existing intangible assets as of November 30, for each of the following periods (in thousands): Amortization expense for the year ended November 30, 2016 $ 3 Estimated amortization expense for the year ending November 30: 2017 2 2018 2 2019 2 2020 2 2021 15

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Nov. 30, 2016
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consists of the following as of November 30, (in thousands): 2015 2016 Principal Unamortized Discount and Debt Issuance Costs Principal Unamortized Discount and Debt Issuance Costs 4.63 percent Senior Notes $ 65,000 $ (261 ) $ 65,000 $ (210 ) 3.95 percent Senior Notes 100,000 (370 ) 100,000 (328 ) 6.25 percent Term Loan 48,726 — 47,878 — TIF bond debt service funding commitment 54,646 (1,905 ) 52,145 (1,665 ) Revolving Credit Facility — — — — 268,372 (2,536 ) 265,023 (2,203 ) Less: current portion 3,408 (334 ) 3,738 (334 ) $ 264,964 $ (2,202 ) $ 261,285 $ (1,869 )
Schedule of Payments	Schedule of Payments (in thousands) For the year ending November 30: 2017 $ 3,738 2018 4,091 2019 4,522 2020 5,326 2021 70,808 Thereafter 176,933 265,418 Net premium (395 ) Total $ 265,023
Total Interest Expense Incurred	Total interest expense incurred by the Company for the years ended November 30, are as follows (in thousands): 2014 2015 2016 Interest expense $ 16,479 $ 16,286 $ 16,038 Less: capitalized interest 7,297 6,704 2,201 Net interest expense $ 9,182 $ 9,582 $ 13,837

FEDERAL AND STATE INCOME TAXE34

FEDERAL AND STATE INCOME TAXES (Tables)	12 Months Ended
	Nov. 30, 2016
Income Tax Disclosure [Abstract]
Significant Components of the Provision for Income Taxes from Continuing Operations	Significant components of the provision for income taxes for the years ended November 30, are as follows (in thousands): 2014 2015 2016 Current tax expense (benefit): Federal $ 42,243 $ 46,095 $ (27,061 ) State 3,336 3,891 1,856 Deferred tax expense (benefit): Federal (13,450 ) (15,164 ) 70,186 State 1,104 (514 ) 2,750 Provision for income taxes $ 33,233 $ 34,308 $ 47,731
Reconciliation of Federal Statutory Tax Rates to Income Tax Expense from Continuing Operations	The reconciliation of income tax expense computed at the federal statutory tax rates to income tax expense for the years ended November 30, is as follows (percent of pre-tax income): 2014 2015 2016 Income tax computed at federal statutory rates 35.0 % 35.0 % 35.0 % State income taxes, net of federal tax benefit 3.8 2.5 3.2 MA abandonment benefit (5.9 ) — — Other, net 0.1 0.2 0.3 33.0 % 37.7 % 38.5 %
Components of Net Deferred Tax Assets (Liabilities)	The components of the net deferred tax assets (liabilities) at November 30, are as follows (in thousands): 2015 2016 Loss carryforwards $ 13,918 $ 15,477 Deferred revenues 2,609 1,529 Accruals 7,204 2,946 Compensation related 3,509 4,065 Interest 3,406 2,740 Deferred tax assets 30,646 26,757 Valuation allowance (7,893 ) (7,031 ) Deferred tax assets, net of valuation allowance 22,753 19,726 Amortization and depreciation (357,389 ) (428,828 ) Equity investment (1,273 ) (180 ) Other (323 ) (303 ) Deferred tax liabilities (358,985 ) (429,311 ) Net deferred tax liabilities $ (336,232 ) $ (409,585 ) Deferred tax assets — current $ — $ — Deferred tax liabilities — noncurrent (336,232 ) (409,585 ) Net deferred tax liabilities $ (336,232 ) $ (409,585 )
Reconciliation of Unrecognized Tax Liability	A reconciliation of the beginning and ending amount of unrecognized tax liability is as follows (in thousands): Balance at December 1, 2015 $ 356 Reductions for tax positions of prior years (45 ) Balance at November 30, 2016 $ 311

COMMITMENTS AND CONTINGENCIES35

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Nov. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Payments Under Operating Agreement and Leases	The future minimum payments under the operating agreement and leases utilized by the Company having initial or remaining non-cancelable terms in excess of one year at November 30, 2016 , are as follows (in thousands): For the year ending November 30: Operating Agreement Operating Leases 2017 $ 1,055 $ 4,570 2018 1,055 2,995 2019 1,055 1,947 2020 1,055 1,123 2021 1,055 943 Thereafter 11,693 30,318 Total $ 16,968 $ 41,896

SUPPLEMENTAL DISCLOSURES OF C36

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION (Tables)	12 Months Ended
	Nov. 30, 2016
Supplemental Cash Flow Information [Abstract]
Cash Paid for Income Taxes and Interest	Cash paid for income taxes and interest for the years ended November 30, is summarized as follows (in thousands): 2014 2015 2016 Income taxes paid $ 51,314 $ 44,989 $ 24,392 Interest paid $ 14,429 $ 14,504 $ 14,199

LONG-TERM STOCK INCENTIVE PLA37

LONG-TERM STOCK INCENTIVE PLAN (Tables)	12 Months Ended
	Nov. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Status of Restricted Stock	A summary of the status of the Company’s restricted stock as of November 30, 2016 , and changes during the fiscal year ended November 30, 2016 , is presented as follows: Restricted Shares Weighted- Average Grant- Date Fair Value (Per Share) Weighted- Average Remaining Contractual Term (Years) Unvested at November 30, 2015 359,793 $ 32.03 Granted 100,656 33.49 Vested (69,574 ) 32.55 Forfeited (882 ) 26.69 Unvested at November 30, 2016 389,993 32.32 3.5
Summary of Option Activity Under Stock Plan	A summary of option activity under the Stock Plan as of November 30, 2016 , and changes during the year then ended is presented as follows: Options Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at November 30, 2015 148,951 $ 38.31 Expired (23,751 ) 46.59 Exercised (5,321 ) 25.65 Forfeited — — Outstanding at November 30, 2016 119,879 37.23 1.9 $ 598,489 Vested and Exercisable at November 30, 2016 119,879 $ 37.23 1.9 $ 598,489

QUARTERLY DATA (UNAUDITED) (Tab

QUARTERLY DATA (UNAUDITED) (Tables)	12 Months Ended
	Nov. 30, 2016
Quarterly Financial Information Disclosure [Abstract]
Certain Unaudited Financial Data For Each Quarter of Fiscal Year	The following table presents certain unaudited financial data for each quarter of fiscal 2015 and 2016 (in thousands, except per share amounts): Fiscal Quarter Ended February 28, May 31, August 31, November 30, Total revenue $ 136,552 $ 164,010 $ 125,490 $ 219,318 Operating income (loss) 21,591 19,217 (7,138 ) 51,907 Net income (loss) 14,953 13,355 (3,956 ) 32,282 Basic and diluted earnings (loss) per share 0.32 0.29 (0.08 ) 0.69 Fiscal Quarter Ended February 29, May 31, August 31, November 30, Total revenue $ 142,630 $ 167,561 $ 128,986 $ 221,839 Operating income 31,166 23,679 3,737 51,245 Net income 19,831 21,898 2,173 32,436 Basic and diluted earnings per share 0.43 0.47 0.05 0.72

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Nov. 30, 2016
Segment Reporting [Abstract]
Segment Reporting	The following table shows information by operating segment (in thousands): For the Year Ended November 30, 2014 Motorsports Event All Other Total Revenues $ 609,973 $ 43,981 $ 653,954 Depreciation and amortization 84,614 5,738 90,352 Operating income (loss) 99,332 (5,941 ) 93,391 Equity investments income — 8,916 8,916 Capital expenditures 177,318 6,618 183,936 Total assets 1,621,726 455,925 2,077,651 Equity investments — 122,565 122,565 For the Year Ended November 30, 2015 Motorsports Event All Other Total Revenues $ 607,483 $ 39,986 $ 647,469 Depreciation and amortization 89,823 4,904 94,727 Operating income (loss) 89,395 (3,818 ) 85,577 Equity investments income — 14,060 14,060 Capital expenditures 144,641 10,375 155,016 Total assets 1,682,700 439,499 2,122,199 Equity investments — 103,249 103,249 For the Year Ended November 30, 2016 Motorsports Event All Other Total Revenues $ 630,213 $ 32,953 $ 663,166 Depreciation and amortization 97,816 4,340 102,156 Operating income (loss) 107,690 2,137 109,827 Equity investments income — 14,913 14,913 Capital expenditures 100,644 40,149 140,793 Total assets 1,651,845 520,815 2,172,660 Equity investments — 92,392 92,392

DESCRIPTION OF BUSINESS AND S40

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) Seat in Thousands, $ in Thousands	12 Months Ended
	Nov. 30, 2016USD ($)SuiteSeatPropertyEvent	Nov. 30, 2015USD ($)	Nov. 30, 2014USD ($)
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Accumulated Other Comprehensive Income Loss Cumulative Changes in Net Gain Loss from Cash Flow Hedges Effect Tax | $	$ 1,758	$ 2,176
Number of major motorsports entertainment facilities owned and/or operated | Property	13
Number of grandstand seats | Seat	762
Number of suites | Suite	573
Sanction agreements period	1 year
Long-term deferred income | $	$ 5,988	6,969
Advertising expense | $	17,700	17,100	$ 16,500
Preferred Access Speedway Seating Agreements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Long-term deferred income | $	$ 3,800	$ 4,600
NASCAR
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Allocation of broadcast rights fees for each NASCAR Sprint Cup, Nationwide or Camping World Truck series event	10.00%
Event Promoter
Organization, Consolidation and Presentation of Financial Statements Disclosure [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%
Sprint Cup Series Events
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of motorsports entertainment facilities promoted events	21
Nationwide Series Events
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of motorsports entertainment facilities promoted events	14
Camping World Trucks Series Events
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of motorsports entertainment facilities promoted events	9
Grand American Road Racing Association
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of motorsports entertainment facilities promoted events	2
ARCA Racing Series
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of motorsports entertainment facilities promoted events	5
National Hot Rod Association
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of motorsports entertainment facilities promoted events	1
IndyCar Series
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of motorsports entertainment facilities promoted events	2
Minimum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of motorsports entertainment facilities promoted events	100
Maximum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Maturity period for all highly liquid investments when purchased to be cash equivalents	3 months

DESCRIPTION OF BUSINESS AND S41

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Company Owned and/or Operated Major Motorsports Entertainment Facilities (Details)	12 Months Ended
	Nov. 30, 2016mi
Daytona International Speedway
Schedule of Status of Facilities by Location [Line Items]
Location	Daytona Beach, Florida
Track Length	2.5
Talladega Superspeedway
Schedule of Status of Facilities by Location [Line Items]
Location	Talladega, Alabama
Track Length	2.7
Michigan International Speedway
Schedule of Status of Facilities by Location [Line Items]
Location	Brooklyn, Michigan
Track Length	2
Auto Club Speedway of Southern California
Schedule of Status of Facilities by Location [Line Items]
Location	Fontana, California
Track Length	2
Kansas Speedway
Schedule of Status of Facilities by Location [Line Items]
Location	Kansas City, Kansas
Track Length	1.5
Richmond International Raceway
Schedule of Status of Facilities by Location [Line Items]
Location	Richmond, Virginia
Track Length	0.8
Darlington Raceway
Schedule of Status of Facilities by Location [Line Items]
Location	Darlington, South Carolina
Track Length	1.3
Chicagoland Speedway
Schedule of Status of Facilities by Location [Line Items]
Location	Joliet, Illinois
Track Length	1.5
Martinsville Speedway
Schedule of Status of Facilities by Location [Line Items]
Location	Martinsville, Virginia
Track Length	0.5
Phoenix International Raceway
Schedule of Status of Facilities by Location [Line Items]
Location	Phoenix, Arizona
Track Length	1
Homestead-Miami Speedway
Schedule of Status of Facilities by Location [Line Items]
Location	Homestead, Florida
Track Length	1.5
Watkins Glen International
Schedule of Status of Facilities by Location [Line Items]
Location	Watkins Glen, New York
Track Length	3.4
Route 66 Raceway
Schedule of Status of Facilities by Location [Line Items]
Location	Joliet, Illinois
Track Length	0.25

- Property, Plant and Equipment

- Property, Plant and Equipment - Estimated Useful Life (Details)	12 Months Ended
	Nov. 30, 2016
Buildings, grandstands and motorsports entertainment facilities | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life, minimum	10 years
Buildings, grandstands and motorsports entertainment facilities | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life, minimum	30 years
Furniture and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life, minimum	3 years
Furniture and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life, minimum	8 years

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Nov. 30, 2016	Aug. 31, 2016	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2015	Feb. 28, 2015	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Earnings Per Share [Abstract]
Net income	$ 32,436	$ 2,173	$ 21,898	$ 19,831	$ 32,282	$ (3,956)	$ 13,355	$ 14,953	$ 76,338	$ 56,634	$ 67,379
Income from continuing operations (in dollars per share)									$ 1.66	$ 1.21	$ 1.45
Loss from discontinued operations (in dollars per share)
Net income (in dollars per share)									$ 1.66	$ 1.21	$ 1.45
Denominator:
Basic weighted average shares outstanding (in shares)									45,981,471	46,621,211	46,559,232
Common stock options (in shares)									14,220	14,619	13,806
Diluted weighted average shares outstanding (in shares)									45,995,691	46,635,830	46,573,038
Diluted earnings per share:
Basic and diluted earnings per share (in dollars per share)									$ 1.66	$ 1.21	$ 1.45
Anti-dilutive shares excluded in the computation of diluted earnings per share (in shares)									81,292	98,928	121,462

PROPERTY AND EQUIPMENT - Compo

PROPERTY AND EQUIPMENT - Components of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Nov. 30, 2016	Nov. 30, 2015
Property, Plant and Equipment [Abstract]
Land and leasehold improvements	$ 244,337	$ 244,496
Buildings, grandstands and motorsports entertainment facilities	1,831,804	1,695,682
Furniture and equipment	258,510	215,928
Construction in progress	55,011	131,897
Property, plant and equipment, gross, total	2,389,662	2,288,003
Less accumulated depreciation	934,156	839,039
Property and equipment, net	$ 1,455,506	$ 1,448,964

PROPERTY AND EQUIPMENT - Addit

PROPERTY AND EQUIPMENT - Additional Information (Details) - USD ($)	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 102,200,000	$ 94,700,000	$ 90,200,000
Daytona Rising
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 0	$ 6,800,000

RETIREMENTS OF LONG-LIVED ASS46

RETIREMENTS OF LONG-LIVED ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Impairment or Disposal of Tangible Assets Disclosure [Abstract]
Losses on retirements of long-lived assets	$ 2,905	$ 16,015	$ 10,148
Less: cash portion of losses on asset retirements	506	12,525	7,504
Non-cash losses on retirements of long-lived assets	$ 2,399	$ 3,490	$ 2,644

EQUITY AND OTHER INVESTMENTS -

EQUITY AND OTHER INVESTMENTS - Additional Information (Details) $ in Thousands	Aug. 05, 2013USD ($)a	Mar. 31, 2016USD ($)	May 31, 2016USD ($)	Nov. 30, 2016USD ($)	Nov. 30, 2015USD ($)	Nov. 30, 2014USD ($)	Feb. 29, 2016USD ($)	Jan. 31, 2014USD ($)
Schedule of Equity Method Investments [Line Items]
Equity in net income from equity investments				$ 14,913	$ 14,060	$ 8,916
Distribution in excess of profits				16,067	15,209	10,076
Expected incremental cash flow over the next several years when combined with the net proceeds and cash tax benefit				129,800
Equity investments				92,392	103,249
Income taxes				$ 47,731	$ 34,308	33,233
380 Development
Schedule of Equity Method Investments [Line Items]
Number of acres purchased in the New York City borough of Staten Island | a	676
Kansas Entertainment
Schedule of Equity Method Investments [Line Items]
Ownership interest in joint venture				50.00%	50.00%
Equity in net income from equity investments				$ 14,900	$ 14,100	$ 8,900
Daytona Hotel Two, LLC (Fairfield)
Schedule of Equity Method Investments [Line Items]
Ownership interest in joint venture				33.25%
Subsidiary 380 Development Limited Liability Company
Schedule of Equity Method Investments [Line Items]
Ownership interest in joint venture	100.00%
Carrying amount of investment sold	$ 80,000
Option received	4,200
Distribution in excess of profits	$ 7,500	$ 66,400					$ 6,100
Debt, interest rate	7.00%
Future proceeds of purchase price							$ 66,400
Deferred profit			$ 1,900
Accrued interest on deferred profit			11,400
Equity Method Investment, Additional Consideration Received		$ 300
Equity Method Investment, Gain Recognized			$ 13,600
Motorsports Authentics
Schedule of Equity Method Investments [Line Items]
Ownership interest in joint venture					50.00%			100.00%
Motorsports Authentics Limited Liability Company
Schedule of Equity Method Investments [Line Items]
Equity investments								$ 5,400
Income taxes				$ 4,000

EQUITY AND OTHER INVESTMENTS 48

EQUITY AND OTHER INVESTMENTS - Distributions from Kansas Entertainment (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Equity Method Investments and Joint Ventures, Distributions [Line Items]
Equity investments income/(loss)	$ 14,913	$ 14,060	$ 8,916
Distribution in excess of profits	16,067	15,209	10,076
Total Distributions	25,900	32,050	22,000
Kansas Entertainment Limited Liability Company | Cash Distribution
Equity Method Investments and Joint Ventures, Distributions [Line Items]
Equity investments income/(loss)	16,067	15,209	10,076
Distribution in excess of profits	$ 9,833	$ 16,841	$ 11,924

EQUITY AND OTHER INVESTMENTS 49

EQUITY AND OTHER INVESTMENTS - Summarized Financial Information of Equity Investments (Details) - Other Equity Investments - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Schedule of Equity Method Investments [Line Items]
Current assets	$ 15,856	$ 17,204	$ 33,349
Noncurrent assets	177,479	196,164	215,226
Current liabilities	17,380	17,749	19,273
Noncurrent liabilities	0	0	0
Net sales	153,276	153,183	141,849
Gross profit	82,087	80,691	72,031
Operating income	32,136	30,417	20,153
Net income	$ 32,136	$ 30,417	$ 20,153

GOODWILL AND INTANGIBLE ASSET50

GOODWILL AND INTANGIBLE ASSETS - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	Nov. 30, 2016	Nov. 30, 2015
Intangible Assets by Major Class [Line Items]
Net Carrying Amount	$ 178,629	$ 178,626
Motorsports Event
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	178,736	178,730
Accumulated Amortization	107	104
Net Carrying Amount	178,629	178,626
Motorsports Event | Amortized intangible assets:
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	130	124
Accumulated Amortization	107	104
Net Carrying Amount	23	20
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	10
Net Carrying Amount	0	0
Motorsports Event | Amortized intangible assets: | Other
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	120	114
Accumulated Amortization	97	94
Net Carrying Amount	23	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: | NASCAR — sanction agreements
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	177,813	177,813
Net Carrying Amount	177,813	177,813
Motorsports Event | Non-amortized intangible assets: | Other
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	793	793
Net Carrying Amount	$ 793	$ 793

GOODWILL AND INTANGIBLE ASSET51

GOODWILL AND INTANGIBLE ASSETS - Current and Expected Amortization Expense of Intangible Assets (Details) $ in Thousands	12 Months Ended
	Nov. 30, 2016USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense for the year ended November 30, 2016	$ 3
Estimated amortization expense for the year ending November 30:
2,017	2
2,018	2
2,019	2
2,020	2
2,021	$ 15

GOODWILL AND INTANGIBLE ASSET52

GOODWILL AND INTANGIBLE ASSETS - Additional Information (Details) - USD ($)	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in carrying value of goodwill	$ 0	$ 0

LONG-TERM DEBT - Additional In

LONG-TERM DEBT - Additional Information (Details)	12 Months Ended
	Nov. 30, 2016USD ($)Year	Nov. 30, 2015USD ($)
Debt Disclosure [Line Items]
Long-term debt	$ 265,023,000
Long-term Debt, Gross	265,418,000
Long-term Debt, Gross, Including Debt Discount and Debt Issuance Costs	265,023,000	$ 268,372,000
2012 Credit Facility current borrowing capacity	300,000,000
2012 Credit Facility potential borrowing capacity	500,000,000
Deferred in other comprehensive loss associated with interest rate swap being amortized as interest expense over life of the private placement completed in January 2011	2,700,000
Financing costs deferred	$ 3,600,000	$ 3,100,000
LIBOR | Minimum
Debt Disclosure [Line Items]
Debt instrument basis points	1.00%
LIBOR | Maximum
Debt Disclosure [Line Items]
Debt instrument basis points	1.625%
2012 Credit Facility | Revolving Credit Facility
Debt Disclosure [Line Items]
Long-term Line of Credit	$ 0
4.63 percent Senior Notes
Debt Disclosure [Line Items]
Proceeds from long-term debt	$ 65,000,000
Debt, interest rate	4.63%	4.63%
Debt, due date	2021-01
Frequency of periodic payment	semi-annual
4.63 percent Senior Notes | Semi Annual Payment, First Payment
Debt Disclosure [Line Items]
Interest payment date	January 18
4.63 percent Senior Notes | Semi Annual Payment, Second Payment
Debt Disclosure [Line Items]
Interest payment date	July 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%
Maximum leverage ratio	3.50
Maximum net worth percent	15.00%
Long-term Debt, Gross, Including Debt Discount and Debt Issuance Costs	$ 100,000,000	$ 100,000,000
4.82 percent Revenue Bonds
Debt Disclosure [Line Items]
Debt, interest rate	4.82%	4.82%
Debt, monthly payment	$ 29,000
6.25 percent Term Loan
Debt Disclosure [Line Items]
Debt, interest rate	6.25%	6.25%
Debt, due date	2034-10
Debt, monthly payment	$ 323,000
Debt term | Year	25
TIF bond debt service funding commitment
Debt Disclosure [Line Items]
Long-term Debt, Gross, Including Debt Discount and Debt Issuance Costs	$ 52,145,000	$ 54,646,000
Principal payment date	October 1
TIF bond debt service funding commitment | Semi Annual Payment, First Payment
Debt Disclosure [Line Items]
Interest payment date	April 1
TIF bond debt service funding commitment | Semi Annual Payment, Second Payment
Debt Disclosure [Line Items]
Interest payment date	October 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	$ 2,800,000
Debt, maturity date	Dec. 1, 2017
TIF bond debt service funding commitment | Term Bond Due December 1st 2027
Debt Disclosure [Line Items]
Debt, interest rate	675.00%
Long-term debt	$ 49,700,000
Debt, maturity date	Dec. 1, 2027
4.63 percent Senior Notes
Debt Disclosure [Line Items]
Maximum leverage ratio	3.50
Minimum interest coverage ratio	2
Maximum net worth percent	15.00%
Long-term Debt, Gross, Including Debt Discount and Debt Issuance Costs	$ 65,000,000	$ 65,000,000
2012 Credit Facility
Debt Disclosure [Line Items]
Maximum leverage ratio	3.50
Minimum interest coverage ratio	2.5
Debt instrument basis points	0.50%
2012 Credit Facility | Minimum
Debt Disclosure [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.125%
2012 Credit Facility | Maximum
Debt Disclosure [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.225%
2012 Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Disclosure [Line Items]
Debt instrument basis points	1.00%
2012 Credit Facility | Standby Letters of Credit
Debt Disclosure [Line Items]
2012 Credit Facility current borrowing capacity	$ 25,000,000
2012 Credit Facility | Swing Line Loan
Debt Disclosure [Line Items]
2012 Credit Facility current borrowing capacity	$ 10,000,000
Four Quarters Ending after any Permitted Acquisition
Debt Disclosure [Line Items]
Maximum leverage ratio	4

LONG-TERM DEBT - Summary of Lo

LONG-TERM DEBT - Summary of Long-Term Debt (Details) - USD ($) $ in Thousands	Nov. 30, 2016	Nov. 30, 2015
Debt Instrument [Line Items]
Debt outstanding amount	$ 265,023	$ 268,372
Unamortized Discount and Debt Issuance Costs	2,203	2,536
Current portion of principal	3,738	3,408
Current portion of Unamortized discount and debt issuance costs	(334)	(334)
Non-current portion of principal	261,285	264,964
Non-current portion of Unamortized discount and debt issuance costs	(1,869)	(2,202)
4.63 percent Senior Notes
Debt Instrument [Line Items]
Debt outstanding amount	65,000	65,000
Unamortized Discount and Debt Issuance Costs	210	261
3.95 percent Senior Notes
Debt Instrument [Line Items]
Debt outstanding amount	100,000	100,000
Unamortized Discount and Debt Issuance Costs	328	370
6.25 percent Term Loan
Debt Instrument [Line Items]
Debt outstanding amount	47,878	48,726
Unamortized Discount and Debt Issuance Costs	0	0
TIF bond debt service funding commitment
Debt Instrument [Line Items]
Debt outstanding amount	52,145	54,646
Unamortized Discount and Debt Issuance Costs	1,665	1,905
Revolving Credit Facility
Debt Instrument [Line Items]
Debt outstanding amount	0	0
Unamortized Discount and Debt Issuance Costs	$ 0	$ 0

LONG-TERM DEBT - Non-printing

LONG-TERM DEBT - Non-printing Section (Details)	Nov. 30, 2016	Nov. 30, 2015
4.63 percent Senior Notes
Debt Instrument [Line Items]
Debt, interest rate	4.63%	4.63%
4.82 percent Revenue Bonds
Debt Instrument [Line Items]
Debt, interest rate	4.82%	4.82%
3.95 percent Senior Notes
Debt Instrument [Line Items]
Debt, interest rate	3.95%	3.95%
6.25 percent Term Loan
Debt Instrument [Line Items]
Debt, interest rate	6.25%	6.25%

LONG-TERM DEBT - Schedule of P

LONG-TERM DEBT - Schedule of Payments (Details) $ in Thousands	Nov. 30, 2016USD ($)
Debt Disclosure [Abstract]
2,017	$ 3,738
2,018	4,091
2,019	4,522
2,020	5,326
2,021	70,808
Thereafter	176,933
Debt outstanding amount	265,418
Net premium	(395)
Total	$ 265,023

LONG-TERM DEBT - Schedule of I

LONG-TERM DEBT - Schedule of Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Debt Disclosure [Abstract]
Interest expense	$ 16,038	$ 16,286	$ 16,479
Less: capitalized interest	2,201	6,704	7,297
Net interest expense	$ 13,837	$ 9,582	$ 9,182

FEDERAL AND STATE INCOME TAXE58

FEDERAL AND STATE INCOME TAXES - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Income Taxes [Line Items]
Loss carryforwards	$ 15,477	$ 13,918
Income tax benefit	$ (47,731)	$ (34,308)	$ (33,233)
Effective income tax rate	38.50%	37.70%	33.00%
Income taxes paid	$ 24,392	$ 44,989	$ 51,314
Increase (decrease) in deferred income taxes	$ 73,400
Internal Revenue Service (IRS)
Income Taxes [Line Items]
Open tax years	2011 through 2014
Internal Revenue Service (IRS) | Minimum
Income Taxes [Line Items]
Open tax year	2,012
Internal Revenue Service (IRS) | Maximum
Income Taxes [Line Items]
Open tax year	2,015
State Jurisdiction
Income Taxes [Line Items]
Loss carryforwards	$ 13,200
Open tax years	2010 through 2014
State Jurisdiction | Minimum
Income Taxes [Line Items]
Loss carryforwards, expiration year	2,019
Open tax year	2,011
State Jurisdiction | Maximum
Income Taxes [Line Items]
Open tax year	2,015
Motorsports Authentics Limited Liability Company
Income Taxes [Line Items]
Income tax benefit	$ (4,000)
Motorsports Authentics Limited Liability Company | Domestic Tax Authority
Income Taxes [Line Items]
Loss carryforwards	$ 2,300
MA and SMISC, LLC
Income Taxes [Line Items]
Loss carryforwards			$ 4,000

FEDERAL AND STATE INCOME TAXE59

FEDERAL AND STATE INCOME TAXES - Significant Components of the Provision for Income Taxes from Continuing Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Current tax expense (benefit):
Federal	$ (27,061)	$ 46,095	$ 42,243
State	1,856	3,891	3,336
Deferred tax expense (benefit):
Federal	70,186	(15,164)	(13,450)
State	2,750	(514)	1,104
Provision for income taxes	$ 47,731	$ 34,308	$ 33,233

FEDERAL AND STATE INCOME TAXE60

FEDERAL AND STATE INCOME TAXES - Reconciliation of Federal Statutory Tax Rates to Income Tax Expense from Continuing Operations (Details)	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Income Tax Disclosure [Abstract]
Income tax computed at federal statutory rates	35.00%	35.00%	35.00%
State income taxes, net of federal tax benefit	3.20%	2.50%	3.80%
MA abandonment benefit	0.00%	0.00%	(5.90%)
Other, net	0.30%	0.20%	0.10%
Effective income tax rate	38.50%	37.70%	33.00%

FEDERAL AND STATE INCOME TAXE61

FEDERAL AND STATE INCOME TAXES - Components of Net Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands	Nov. 30, 2016	Nov. 30, 2015
Income Tax Disclosure [Abstract]
Loss carryforwards	$ 15,477	$ 13,918
Deferred revenues	1,529	2,609
Accruals	2,946	7,204
Compensation related	4,065	3,509
Interest	2,740	3,406
Deferred tax assets	26,757	30,646
Valuation allowance	(7,031)	(7,893)
Deferred tax assets, net of valuation allowance	19,726	22,753
Amortization and depreciation	(428,828)	(357,389)
Equity investment	(180)	(1,273)
Other	(303)	(323)
Deferred tax liabilities	(429,311)	(358,985)
Deferred tax assets — current	0	0
Deferred tax liabilities — noncurrent	(409,585)	(336,232)
Net deferred tax liabilities	$ (409,585)	$ (336,232)

FEDERAL AND STATE INCOME TAXE62

FEDERAL AND STATE INCOME TAXES - Reconciliation of Unrecognized Tax Liability (Details) $ in Thousands	12 Months Ended
	Nov. 30, 2016USD ($)
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning Balance	$ 356
Reductions for tax positions of prior years	(45)
Ending Balance	$ 311

CAPITAL STOCK (Details)

CAPITAL STOCK (Details)	1 Months Ended	12 Months Ended
	Nov. 30, 2016USD ($)Vote$ / sharesshares	Nov. 30, 2016USD ($)Vote$ / sharesshares	Nov. 30, 2015$ / sharesshares	Nov. 30, 2014shares
Schedule of Capitalization, Equity [Line Items]
Preferred Stock, shares authorized	1,000,000	1,000,000
Preferred Stock, par value | $ / shares	$ 0.01	$ 0.01
Preferred stock outstanding (shares)	0	0
Class A Common Stock
Schedule of Capitalization, Equity [Line Items]
Common Stock, shares authorized (in shares)	80,000,000	80,000,000	80,000,000
Common Stock, par value (in per share) | $ / shares	$ 0.01	$ 0.01	$ 0.01
Common Stock, votes per share | Vote	0.2	0.2
Class B Common Stock
Schedule of Capitalization, Equity [Line Items]
Common Stock, shares authorized (in shares)	40,000,000	40,000,000	40,000,000
Common Stock, par value (in per share) | $ / shares	$ 0.01	$ 0.01	$ 0.01
Common Stock, votes per share | Vote	1	1
Common Stock, conversion rate | Vote	1	1
Class B Common Stock | Maximum
Schedule of Capitalization, Equity [Line Items]
Maximum percentage of common Stock to be outstanding to exercise conversion right		10.00%
Stock Repurchase Plan
Schedule of Capitalization, Equity [Line Items]
Stock Purchase Plan, authorized purchase amount | $	$ 530,000,000	$ 530,000,000
Stock Purchase Plan, incremental authorized purchase amount | $	$ 200,000,000
Stock Repurchase Plan | Class A Common Stock
Schedule of Capitalization, Equity [Line Items]
Common Stock, shares authorized (in shares)	80,000,000	80,000,000
Stock Purchase Plan, authorized purchase amount | $	$ 330,000,000	$ 330,000,000
Stock Purchase Plan, purchased shares to date	8,722,073	8,722,073
Stock Purchase Plan, purchased amount to date | $	$ 323,400,000	$ 323,400,000
Shares purchased in period (shares)		1,700,000	0	0
Average cost of shares purchased (in dollars per share) | $ / shares		$ 33.25
Stock purchased in period | $		$ 55,100,000
Stock Purchase Plan, remaining repurchase authority | $	$ 206,600,000	$ 206,600,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Oct. 31, 2002	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Commitments and Contingencies Disclosure [Line Items]
Period of continuous service to be eligible to participate in the ISC plan		1 month
Period of continuous service to be eligible for matching contributions		12 months
Percentage vested upon entrance into the ISC plan		100.00%
Contribution expense		$ 1,700	$ 1,700	$ 1,600
Estimated cost to complete approved projects and current construction in progress		247,200
Long-term debt		265,023
Operating leases and all other short-term rentals expense		13,700	14,400	$ 14,700
Standby letter of credit agreements in favor of third parties		6,000
2002 STAR Bonds
Commitments and Contingencies Disclosure [Line Items]
Proceeds from long-term debt	$ 6,300
Frequency of periodic payment	annual
Debt, maturity date	Dec. 1, 2022
Long-term debt		900
Other Liabilities
Commitments and Contingencies Disclosure [Line Items]
Administrative costs to complete approved projects and current construction in progress		$ 4,100	$ 6,500

COMMITMENTS AND CONTINGENCIES65

COMMITMENTS AND CONTINGENCIES - Future Minimum Payments Under Operating Agreement and Leases (Details) $ in Thousands	Nov. 30, 2016USD ($)
Operating Agreement
2,017	$ 1,055
2,018	1,055
2,019	1,055
2,020	1,055
2,021	1,055
Thereafter	11,693
Total	16,968
Operating Leases
2,017	4,570
2,018	2,995
2,019	1,947
2,020	1,123
2,021	943
Thereafter	30,318
Total	$ 41,896

RELATED PARTY DISCLOSURES AND66

RELATED PARTY DISCLOSURES AND TRANSACTIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Related Party Transaction [Line Items]
Prize and point fund monies paid to NASCAR	$ 171,800	$ 167,800	$ 163,000
Receivables due from NASCAR and its affiliates	21,300	29,800
Net amount received (paid) from related party	10,200	10,200	10,500
Revenue from related party for tickets and track rental fees	$ 123,521	130,154	129,688
Majority Shareholder
Related Party Transaction [Line Items]
France Family Group, which contains NASCAR, ownership of voting interest in the Company	73.00%
NASCAR
Related Party Transaction [Line Items]
Prize and point fund monies paid to NASCAR	$ 89,600	87,200	84,000
Allocation of broadcast rights fees for each NASCAR Sprint Cup, Nationwide or Camping World Truck series event	10.00%
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	$ 325,100	314,500	302,900
NASCAR | Company's legal, risk management and transportation departments
Related Party Transaction [Line Items]
Percentage of reimbursement for compensation paid to certain personnel	50.00%
NASCAR | Certain receptionists
Related Party Transaction [Line Items]
Percentage of reimbursement for compensation paid to certain personnel	50.00%
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%
Parent | NASCAR's legal department
Related Party Transaction [Line Items]
Percentage of reimbursement for compensation paid to certain personnel	50.00%
Grand American
Related Party Transaction [Line Items]
Sanction fees	$ 1,300	1,300	1,300
AMA Pro Racing
Related Party Transaction [Line Items]
Net amount received (paid) from related party	200
Sanction fees	100	100	500
Certain members of the France Family Group
Related Party Transaction [Line Items]
Net amount received (paid) from related party	306	456	320
Crotty, Bartlett & Kelly, P.A. ("Crotty, Bartlett & Kelly")
Related Party Transaction [Line Items]
Professional fees	36	39	31
J. Hyatt Brown
Related Party Transaction [Line Items]
Professional fees	555	517	492
Revenue from related party for tickets and track rental fees			100
Christy F. Harris
Related Party Transaction [Line Items]
Professional fees	$ 97	$ 35	$ 78

SUPPLEMENTAL DISCLOSURES OF C67

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Supplemental Cash Flow Information [Abstract]
Income taxes paid	$ 24,392	$ 44,989	$ 51,314
Interest paid	$ 14,199	$ 14,504	$ 14,429

LONG-TERM STOCK INCENTIVE PLA68

LONG-TERM STOCK INCENTIVE PLAN - Additional Information (Details)	12 Months Ended
	Nov. 30, 2016USD ($)CompensationPlan$ / sharesshares	Nov. 30, 2015USD ($)$ / sharesshares	Nov. 30, 2014USD ($)$ / sharesshares	Apr. 30, 2006shares
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Number of share-based compensation plans | CompensationPlan	2
Stock-based compensation | $	$ 3,700,000	$ 2,900,000	$ 2,800,000
Total income tax benefit recognized for share-based compensation arrangements | $	$ 1,500,000	$ 1,200,000	$ 1,200,000
Options granted in period | shares	0	0	0
Options exercised in period | shares	5,321	0	0
Total intrinsic value of options exercised | $	$ 600,000
Actual tax benefit realized for the tax deductions from exercise of the stock options | $	$ 20,251
Restricted Stock Units (RSUs)
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Share awarded and issued | shares	100,656
Weighted average grant date fair value | $ / shares	$ 33.49
Unrecognized compensation cost | $	$ 5,400,000
Unrecognized compensation cost period of recognition	3 years 6 months
Total fair value vested | $	$ 2,300,000	$ 3,700,000	$ 1,500,000
Restricted Stock Units (RSUs) | Certain Officers and Managers
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Share awarded and issued | shares	92,583	89,343	91,076
Weighted average grant date fair value | $ / shares	$ 33.49	$ 36.36	$ 31.44
Restricted Stock Units (RSUs) | Third Anniversary Of Grant Date
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Vesting percentage of stock options issued	50.00%
Restricted Stock Units (RSUs) | Fifth Anniversary Of Grant Date
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Vesting percentage of stock options issued	50.00%
Restricted Stock | Non Employee Directors, Plan
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Share awarded and issued | shares	8,073	8,190	8,118
Weighted average grant date fair value | $ / shares	$ 33.45	$ 36.67	$ 33.28
Restricted Stock | One Year Anniversary After Gant Date
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Vesting percentage of stock options issued	100.00%
Employee Stock Option
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Unrecognized compensation cost | $	$ 0
Employee Stock Option | Non Employee Directors, Plan
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Vesting period	1 year
Employee Stock Option | Certain Non-Employee Directors
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Period of exercisable	one year after the date of grant
Expiration period from the date of grant	10 years
Employee Stock Option | Non-officer manager
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Expiration period from the date of grant	10 years
Vesting period	2 years 6 months
Incentive Plan (the "1996 Plan")
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Number of shares authorized for grant | shares	1,000,000
Employee Stock Plan, 2006 Plan
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Number of shares authorized for grant | shares				1,000,000

LONG-TERM STOCK INCENTIVE PLA69

LONG-TERM STOCK INCENTIVE PLAN - Summary of Status of Restricted Stock (Details) - Restricted Stock Units (RSUs)	12 Months Ended
	Nov. 30, 2016$ / sharesshares
Restricted Shares
Unvested at beginning of period | shares	359,793
Granted | shares	100,656
Vested | shares	(69,574)
Forfeited | shares	(882)
Unvested at end of period | shares	389,993
Weighted-Average Grant-Date Fair Value (Per Share)
Unvested at beginning of period | $ / shares	$ 32.03
Granted | $ / shares	33.49
Vested | $ / shares	32.55
Forfeited | $ / shares	26.69
Unvested at end of period | $ / shares	$ 32.32
Weighted-Average Remaining Contractual Term
Unvested at end of period	3 years 6 months

LONG-TERM STOCK INCENTIVE PLA70

LONG-TERM STOCK INCENTIVE PLAN - Summary of Option Activity Under Stock Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Options Shares
Outstanding at beginning of period	148,951
Expired	(23,751)
Exercised	(5,321)	0	0
Forfeited	0
Outstanding at end of period	119,879	148,951
Exercisable at end of period	119,879
Options Weighted-Average Exercise Price
Outstanding at beginning of period	$ 38.31
Expired	46.59
Exercised	25.65
Forfeited	0
Outstanding at end of period	37.23	$ 38.31
Exercisable at end of period	$ 37.23
Options Weighted-Average Remaining Contractual Term
Outstanding at end of period	1 year 10 months 24 days
Exercisable at end of period	1 year 10 months 24 days
Options Aggregate Intrinsic Value
Outstanding at end of period	$ 598,489
Exercisable at end of period	$ 598,489

FINANCIAL INSTRUMENTS (Details)

FINANCIAL INSTRUMENTS (Details) $ in Millions	Nov. 30, 2016USD ($)
Fair Value, Inputs, Level 1
Fair Value, Measurement Inputs, Disclosure [Line Items]
Money market funds	$ 68.4
Fair Value, Inputs, Level 2
Fair Value, Measurement Inputs, Disclosure [Line Items]
Long-term debt excluding credit facilities, fair value	278.2
Long-term debt excluding credit facilities, carrying amount	$ 265

QUARTERLY DATA (UNAUDITED) (Det

QUARTERLY DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Nov. 30, 2016	Aug. 31, 2016	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2015	Feb. 28, 2015	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$ 221,839	$ 128,986	$ 167,561	$ 142,630	$ 219,318	$ 125,490	$ 164,010	$ 136,552	$ 661,016	$ 645,370	$ 651,936
Operating income (loss)	51,245	3,737	23,679	31,166	51,907	(7,138)	19,217	21,591	109,827	85,577	93,391
Net income	$ 32,436	$ 2,173	$ 21,898	$ 19,831	$ 32,282	$ (3,956)	$ 13,355	$ 14,953	$ 76,338	$ 56,634	$ 67,379
Basic and diluted earnings per share (in dollars per share)	$ 0.72	$ 0.05	$ 0.47	$ 0.43	$ 0.69	$ (0.08)	$ 0.29	$ 0.32

SEGMENT REPORTING - Additional

SEGMENT REPORTING - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Segment Reporting Disclosure [Line Items]
Revenues	$ 663,166	$ 647,469	$ 653,954
Intersegment Elimination
Segment Reporting Disclosure [Line Items]
Revenues	$ 2,200	$ 2,100	$ 2,000

SEGMENT REPORTING - Financial

SEGMENT REPORTING - Financial Information by Operating Segment (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Nov. 30, 2016	Aug. 31, 2016	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2015	Feb. 28, 2015	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Segment Reporting Information [Line Items]
Revenues									$ 663,166	$ 647,469	$ 653,954
Depreciation and amortization									102,156	94,727	90,352
Operating income (loss)	$ 51,245	$ 3,737	$ 23,679	$ 31,166	$ 51,907	$ (7,138)	$ 19,217	$ 21,591	109,827	85,577	93,391
Equity investments income/(loss)									14,913	14,060	8,916
Capital expenditures									140,793	155,016	183,936
Total assets	2,172,660				2,122,199				2,172,660	2,122,199	2,077,651
Equity investments	92,392				103,249				92,392	103,249	122,565
Motorsports Event
Segment Reporting Information [Line Items]
Revenues									630,213	607,483	609,973
Depreciation and amortization									97,816	89,823	84,614
Operating income (loss)									107,690	89,395	99,332
Equity investments income/(loss)									0	0	0
Capital expenditures									100,644	144,641	177,318
Total assets	1,651,845				1,682,700				1,651,845	1,682,700	1,621,726
Equity investments	0				0				0	0	0
All Other
Segment Reporting Information [Line Items]
Revenues									32,953	39,986	43,981
Depreciation and amortization									4,340	4,904	5,738
Operating income (loss)									2,137	(3,818)	(5,941)
Equity investments income/(loss)									14,913	14,060	8,916
Capital expenditures									40,149	10,375	6,618
Total assets	520,815				439,499				520,815	439,499	455,925
Equity investments	$ 92,392				$ 103,249				$ 92,392	$ 103,249	$ 122,565

Schedule II - Valuation and Q75

Schedule II - Valuation and Qualifying Accounts (Details) - Allowance for Doubtful Accounts - USD ($) $ in Thousands		12 Months Ended
		Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance beginning of period		$ 1,000	$ 1,000	$ 1,000
Additions charged to costs and expenses		94	260	101
Deductions	[1]	94	260	101
Balance at end of period		$ 1,000	$ 1,000	$ 1,000
[1]	Uncollectible accounts written off, net of recoveries.