International Speedway (ISCB) 10-Q 10 Oct 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Aug. 31, 2017shares
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Trading Symbol	ISCA
Entity Registrant Name	INTERNATIONAL SPEEDWAY CORP
Entity Central Index Key	51,548
Current Fiscal Year End Date	--11-30
Entity Filer Category	Large Accelerated Filer
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	24,455,713
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	19,733,394

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2017	Nov. 30, 2016
Current Assets:
Cash and cash equivalents	$ 268,882	$ 263,727
Receivables, less allowance of $1,000 in 2016 and 2017, respectively	45,234	35,445
Income taxes receivable	3,437	189
Prepaid expenses and other current assets	23,826	13,759
Total Current Assets	341,379	313,120
Property and Equipment, net of accumulated depreciation of $934,156 and $1,012,657, respectively	1,460,820	1,455,506
Other Assets:
Equity investments	87,510	92,392
Intangible assets, net	178,637	178,629
Goodwill	118,791	118,791
Other	16,593	14,222
Total Other Assets, Total	401,531	404,034
Total Assets	2,203,730	2,172,660
Current Liabilities:
Current portion of long-term debt	3,528	3,404
Accounts payable	34,941	29,770
Deferred income	84,162	39,416
Other current liabilities	19,029	22,728
Total Current Liabilities	141,660	95,318
Long-Term Debt	258,914	259,416
Deferred Income Taxes	408,384	409,585
Long-Term Deferred Income	8,705	5,988
Other Long-Term Liabilities	2,593	1,993
Commitments and Contingencies	0	0
Shareholders’ Equity:
Additional paid-in capital	429,892	437,292
Retained earnings	955,302	965,281
Accumulated other comprehensive loss	(2,158)	(2,659)
Total Shareholders’ Equity	1,383,474	1,400,360
Total Liabilities and Shareholders’ Equity	2,203,730	2,172,660
Class A Common Stock $.01 Par Value
Shareholders’ Equity:
Common stock value	241	249
Class B Common Stock $.01 Par Value
Shareholders’ Equity:
Common stock value	$ 197	$ 197

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Aug. 31, 2017	Nov. 30, 2016
Allowance for receivables	$ 1,000	$ 1,000
Property and Equipment, accumulated depreciation	$ 1,012,657	$ 934,156
Class A Common Stock $.01 Par Value
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, shares authorized (in shares)	80,000,000	80,000,000
Common Stock, shares issued (in shares)	24,087,488	24,922,561
Common Stock, shares outstanding (in shares)	24,087,488	24,922,561
Class B Common Stock $.01 Par Value
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, shares authorized (in shares)	40,000,000	40,000,000
Common Stock, shares issued (in shares)	19,733,394	19,767,280
Common Stock, shares outstanding (in shares)	19,733,394	19,767,280

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
REVENUES:
Admissions, net	$ 22,767	$ 22,835	$ 82,764	$ 85,163
Motorsports and other event related	94,027	90,245	319,861	309,970
Food, beverage and merchandise	11,118	10,845	29,777	29,450
Other	4,028	5,061	12,767	14,594
Total revenues	131,940	128,986	445,169	439,177
Direct:
NASCAR event management fees	32,528	31,330	109,774	105,894
Motorsports and other event related	32,225	31,973	93,008	92,920
Food, beverage and merchandise	9,109	8,553	22,378	22,358
Other operating expenses	293	121	1,151	374
General and administrative	27,694	27,100	81,350	80,915
Depreciation and amortization	27,813	25,996	82,583	77,028
Losses on asset retirements	127	176	531	1,106
Costs and Expenses, Total	129,789	125,249	390,775	380,595
Operating income	2,151	3,737	54,394	58,582
Interest income	331	71	699	157
Interest expense	(2,832)	(3,625)	(9,151)	(10,398)
Equity in net income from equity investments	4,645	3,346	14,071	11,485
Other	330		344	12,000
Income before income taxes	4,625	3,529	60,357	71,826
Income taxes	4,360	1,356	25,592	27,924
Net income	$ 265	$ 2,173	$ 34,765	$ 43,902
Common Stock, Dividends, Per Share, Cash Paid			$ 0.43	$ 0.41
(Loss) earnings per share:
Basic and diluted (in dollars per share)	$ 0.01	$ 0.05	$ 0.78	$ 0.95
Basic weighted average shares outstanding (shares)	44,482,281	45,720,814	44,799,734	46,189,413
Diluted weighted average shares outstanding (shares)	44,491,278	45,734,854	44,812,102	46,203,963

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 265	$ 2,173	$ 34,765	$ 43,902
Other comprehensive income:
Amortization of terminated interest rate swap, net of tax benefit of $313 and $310, respectively	167	166	501	498
Comprehensive income	$ 432	$ 2,339	$ 35,266	$ 44,400

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Statement of Comprehensive Income [Abstract]
Amortization of interest rate swap, net of tax benefit	$ 103	$ 104	$ 310	$ 313

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - 9 months ended Aug. 31, 2017 - USD ($) $ in Thousands	Total	Common StockClass A Common Stock $.01 Par Value	Common StockClass B Common Stock $.01 Par Value	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Balance at Nov. 30, 2016	$ 1,400,360	$ 249	$ 197	$ 437,292	$ 965,281	$ (2,659)
Activity 12/1/16 — 8/31/17:
Net income	34,765				34,765
Comprehensive income	501					501
Cash dividend ($0.43 per share)	(19,241)				(19,241)
Exercise of stock options	528			528
Reacquisition of previously issued common stock	(35,020)	(10)		(9,507)	(25,503)
Other	(927)	2		(929)
Stock-based compensation	2,508			2,508
Balance at Aug. 31, 2017	$ 1,383,474	$ 241	$ 197	$ 429,892	$ 955,302	$ (2,158)

Consolidated Statement of Shar8

Consolidated Statement of Shareholders' Equity (Parenthetical) - $ / shares	9 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Statement of Stockholders' Equity [Abstract]
Dividend paid (in dollars per share)	$ 0.43	$ 0.41

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
OPERATING ACTIVITIES
Net income	$ 34,765	$ 43,902
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of Staten Island property	0	(13,631)
Depreciation and amortization	82,583	77,028
Stock-based compensation	2,508	2,391
Amortization of financing costs	1,263	1,328
Interest and other consideration received on Staten Island note receivable	0	1,162
Deferred income taxes	(1,511)	60,005
Income from equity investments	(14,071)	(11,485)
Distribution from equity investee	14,936	12,347
Loss on retirements of long-lived assets, non-cash	531	892
Other, net	(211)	(225)
Changes in operating assets and liabilities:
Receivables, net	(9,789)	(734)
Prepaid expenses and other assets	(12,484)	(19,054)
Accounts payable and other liabilities	(8,792)	555
Deferred income	47,463	45,086
Income taxes	(2,846)	(945)
Net cash provided by operating activities	134,345	198,622
INVESTING ACTIVITIES
Capital expenditures	(77,559)	(110,234)
Distribution from equity investee	4,164	6,653
Equity investments and advances to affiliate	(147)	(130)
Proceeds from sale of Staten Island property	0	66,728
Proceeds from sale of assets	344	472
Other, net	(13)	(6)
Net cash used in investing activities	(73,211)	(36,517)
FINANCING ACTIVITIES
Payment of long-term debt	(672)	(631)
Deferred financing fees	(244)	0
Exercise of Class A common stock options	528	136
Cash dividend paid	(19,241)	(18,859)
Reacquisition of previously issued common stock	(36,350)	(37,970)
Net cash used in financing activities	(55,979)	(57,324)
Net increase in cash and cash equivalents	5,155	104,781
Cash and cash equivalents at beginning of period	263,727	160,548
Cash and cash equivalents at end of period	$ 268,882	$ 265,329

Basis of Presentation

Basis of Presentation	9 Months Ended
	Aug. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated interim financial statements have been prepared in compliance with Rule 10-01 of Regulation S-X and accounting principles generally accepted in the United States for interim financial information but do not include all of the information and disclosures required for complete financial statements. The consolidated balance sheet at November 30, 2016 , has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. The statements should be read in conjunction with the consolidated financial statements and notes thereto included in the latest annual report on Form 10-K for International Speedway Corporation and its wholly-owned subsidiaries (the “Company” or “ISC”). In management’s opinion, the statements include all adjustments which are necessary for a fair presentation of the results for the interim periods. All such adjustments are of a normal recurring nature. Certain prior year amounts in the Consolidated Statement of Operations have been reclassified to conform with the current year presentation. Because of the seasonal concentration of racing events, the results of operations for the three and nine months ended August 31, 2016 and 2017 , respectively, are not indicative of the results to be expected for the year.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Aug. 31, 2017
Accounting Policies [Abstract]
New Accounting Pronouncements	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" or "Update") 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 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 2019. In August 2014, the FASB issued ASU No. 2014-15, "Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties About an Entity's Ability to Continue as a Going Concern". The objective of this Update is to provide guidance around management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. The standard is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early adoption of the standard is permitted. Adoption of this standard is not expected to have an impact on the Company's consolidated financial statements or disclosures. The Company will adopt the provisions of this statement as of November 30, 2017. 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 application 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

Earnings Per Share	9 Months Ended
	Aug. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share is calculated using the Company's weighted-average outstanding common shares. Diluted earnings per share is calculated using the Company's weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. In periods when the Company recognizes a net loss, it excludes the impact of outstanding stock awards from the diluted loss per share calculation as their inclusion would have an anti-dilutive effect. The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended August 31, 2016 and 2017 , respectively (in thousands, except share and per share amounts): Three Months Ended Nine Months Ended August 31, 2016 August 31, 2017 August 31, 2016 August 31, 2017 Numerator: Net income $ 2,173 $ 265 $ 43,902 $ 34,765 Denominator: Weighted average shares outstanding 45,720,814 44,482,281 46,189,413 44,799,734 Effect of dilutive securities 14,040 8,997 14,550 12,368 Diluted weighted average shares outstanding 45,734,854 44,491,278 46,203,963 44,812,102 Basic and diluted earnings per share $ 0.05 $ 0.01 $ 0.95 $ 0.78 Anti-dilutive shares excluded in the computation of diluted earnings per share 75,068 42,486 85,591 58,084

Equity and Other Investments

Equity and Other Investments	9 Months Ended
	Aug. 31, 2017
Equity [Abstract]
Equity and Other Investments	Equity and Other Investments Hollywood Casino at Kansas Speedway Kansas Entertainment, LLC, (“Kansas Entertainment”) a 50 /50 joint venture of Penn Hollywood Kansas, Inc. (“Penn”), a subsidiary of Penn National Gaming, Inc. and Kansas Speedway Development Corporation (“KSDC”), a wholly owned indirect subsidiary of ISC, operates the Hollywood-themed casino and branded destination entertainment facility, overlooking turn two at Kansas Speedway. Penn, as the managing member of Kansas Entertainment, is responsible for the operations of the casino. The Company has accounted for Kansas Entertainment as an equity investment in the consolidated financial statements as of August 31, 2016 and 2017 , respectively. The Company's 50.0 percent portion of Kansas Entertainment’s net income, which is before income taxes as the joint venture is a disregarded entity for income tax purposes, was approximately $3.3 million and $4.6 million for the three months ended August 31, 2016 and 2017 , respectively, and approximately $11.5 million and $14.1 million for the nine months ended August 31, 2016 and 2017 , respectively, and is included in Equity in net income from equity investments in the consolidated statements of operations. Pre-tax distributions from Kansas Entertainment for the nine months ended August 31, 2016 and 2017 , totaling approximately $19.0 million and $19.1 million , respectively, consist of approximately $12.3 million and $14.9 million , respectively, received as a distribution from its profits, which were included in net cash provided by operating activities on the Company's consolidated statement of cash flows. The remaining approximately $6.7 million and $4.2 million received, for the nine months ended August 31, 2016 and 2017 , respectively, was recognized as a return of capital from investing activities on the Company's consolidated statement of cash flows. Fairfield Inn Hotel at ONE DAYTONA 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 ISC, was formed to own, construct and operate a Fairfield Inn hotel. The hotel will be situated within the ONE DAYTONA development. In June 2016, DBR contributed land to the joint venture as per the agreement and vertical construction of the hotel has commenced and is expected to open in late 2017. DHGII is the managing member of the Fairfield and will be responsible for the development and operations of the hotel. As per the partnership agreement, our 33.25 percent share of equity will be limited to the Company's non-cash land contribution and it will share in the profits from the joint venture proportionately to its equity ownership. The Company has accounted for the joint venture in the Fairfield as an equity investment in its consolidated financial statements as of August 31, 2017 . The Company's 33.25 percent portion of the Fairfield’s net loss, from inception, through August 31, 2017 primarily consists of de minimis administrative costs that are included in net income from equity investments in the Company's consolidated statements of operations. There were similar de minimis administrative costs included in the Company's consolidated statements of operations for the three months ended August 31, 2016 . Autograph Hotel at ONE DAYTONA Daytona Hotel One, LLC ("Autograph"), a joint venture of Daytona Hospitality Group, LLC ("DHG"), a subsidiary of Prime-Shaner Groups, and DBR, was formed to own, construct and operate an Autograph hotel. The hotel will be situated within the ONE DAYTONA development. In June 2017, DBR contributed land to the joint venture as per the agreement and vertical construction of the hotel has commenced and is expected to open in late 2018. DHG is the managing member of the Autograph and will be responsible for the development and operations of the hotel. As per the partnership agreement, our 34.0 percent share of equity will be limited to the Company's non-cash land contribution and it will share in the profits from the joint venture proportionately to its equity ownership. The Company has accounted for the joint venture in the Autograph as an equity investment in its consolidated financial statements as of August 31, 2017 . The Company's 34.0 percent portion of the Autograph’s net loss, from inception, through August 31, 2017 primarily consists of de minimis administrative costs that are included in net income from equity investments in the Company's consolidated statements of operations. There were no operations included in the Company's consolidated statements of operations in the same period of fiscal 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 100.0 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 cash tax benefits, provided the Company with approximately $129.8 million in incremental cash flow through the aforementioned assignment of all rights.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Aug. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The gross carrying value, accumulated amortization and net carrying value of the major classes of intangible assets relating to the Motorsports Event segment are as follows (in thousands): November 30, 2016 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets: Other 120 97 23 Total amortized intangible assets 120 97 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 $ 178,726 $ 97 $ 178,629 August 31, 2017 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets: Other 120 98 22 Total amortized intangible assets 120 98 22 Non-amortized intangible assets: NASCAR — sanction agreements 177,813 — 177,813 Other 802 — 802 Total non-amortized intangible assets 178,615 — 178,615 Total intangible assets $ 178,735 $ 98 $ 178,637 The following table presents current and expected amortization expense of the existing intangible assets for each of the following periods (in thousands): Amortization expense for the nine months ended August 31, 2017 $ 2 Remaining estimated amortization expense for the year ending November 30: 2017 $ 0 2018 2 2019 2 2020 2 2021 and thereafter 16 There were no changes in the carrying value of goodwill during the three and nine months ended August 31, 2017 .

Long-Term Debt

Long-Term Debt	9 Months Ended
	Aug. 31, 2017
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following (in thousands): November 30, 2016 August 31, 2017 Principal Unamortized Discount and Debt Issuance Costs Principal Unamortized Discount and Debt Issuance Costs 4.63 percent Senior Notes $ 65,000 $ (210 ) $ 65,000 $ (172 ) 3.95 percent Senior Notes 100,000 (328 ) 100,000 (296 ) 6.25 percent Term Loan 47,878 — 47,206 — TIF bond debt service funding commitment 52,145 (1,665 ) 52,188 (1,484 ) Revolving Credit Facility — — — — 265,023 (2,203 ) 264,394 (1,952 ) Less: current portion 3,738 (334 ) 3,781 (253 ) $ 261,285 $ (1,869 ) $ 260,613 $ (1,699 ) 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. The 4.63 percent Senior Notes 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 August 31, 2017 , the Company was in compliance with its various restrictive covenants. At August 31, 2017 , outstanding principal on the 4.63 percent Senior Notes was approximately $65.0 million . The Company's $100.0 million principal amount of senior unsecured notes (“ 3.95 percent Senior Notes”) bear interest at 3.95 percent and are due September 2024. The 3.95 percent Senior Notes require semi-annual interest payments on March 13 and September 13 through their maturity. The 3.95 percent Senior Notes may be redeemed in whole or in part, at the Company's option, at any time or from time to time at redemption prices as defined in the indenture. Certain of the Company's wholly owned domestic subsidiaries are guarantors of the 3.95 percent Senior Notes. Certain restrictive covenants of the 3.95 percent Senior Notes require that the Company's leverage ratio does not exceed 3.50 to 1.0, and its interest coverage ratio is not less than 2.0 to 1.0. In addition the Company may not permit the aggregate of certain Priority Debt to exceed 15.0 percent of its Consolidated Net Worth. The 3.95 percent Senior Notes contain various other affirmative and negative restrictive covenants including, among others, limitations on liens, sales of assets, mergers and consolidations and certain transactions with affiliates. As of August 31, 2017 , the Company was in compliance with its various restrictive covenants. At August 31, 2017 , outstanding principal on the 3.95 percent Senior Notes was approximately $100.0 million . The term loan (“ 6.25 percent Term Loan”), related to the Company’s International Motorsports Center, has a 25 year term due October 2034, an interest rate of 6.25 percent , and a current monthly payment of approximately $323,000 . At August 31, 2017 , the outstanding principal on the 6.25 percent Term Loan was approximately $47.2 million . At August 31, 2017 , outstanding taxable special obligation revenue (“TIF”) bonds, in connection with the financing of Kansas Speedway, totaled approximately $52.2 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. In August 2017, the Company entered into the first, of its two available, 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 August 31, 2017 , the Company was in compliance with its various restrictive covenants. At August 31, 2017 , the Company had no outstanding borrowings under its credit facility. Financing costs related to the credit facility, net of accumulated amortization, of approximately $1.3 million , have been deferred and are included in other assets as of August 31, 2017 . Financing costs are being amortized on a straight-line method, which approximates the effective yield method, over the life of the related financing. Total interest expense incurred by the Company for the three and nine months ended August 31, 2016 and 2017 , respectively, is as follows (in thousands): Three Months Ended Nine Months Ended August 31, 2016 August 31, 2017 August 31, 2016 August 31, 2017 Interest expense $ 4,015 $ 3,904 $ 12,052 $ 11,792 Less: capitalized interest 390 1,072 1,654 2,641 Net interest expense $ 3,625 $ 2,832 $ 10,398 $ 9,151

Financial Instruments

Financial Instruments	9 Months Ended
	Aug. 31, 2017
Fair Value Disclosures [Abstract]
Financial Instruments	Financial Instruments Various inputs are considered when determining the carrying values of cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities, which approximate fair value due to the short-term maturities of these assets and liabilities. These inputs are summarized in the three broad levels listed below: • Level 1 — observable market inputs that are unadjusted quoted prices for identical assets or liabilities in active markets • Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.) • Level 3 — significant unobservable inputs (including the Company’s own assumptions in determining the fair value of investments) At August 31, 2017 , the Company had money market funds totaling approximately $180.5 million which are included in cash and cash equivalents in its consolidated balance sheet. All inputs used to determine fair value are considered level 1 inputs. Fair values of long-term debt are based on quoted market prices at the date of measurement. The Company’s credit facilities approximate fair value as they bear interest rates that approximate market. These inputs used to determine fair value are considered level 2 inputs. The fair value of the remaining long-term debt, as determined by quotes from financial institutions, was approximately $278.2 million compared to the carrying amount of approximately $265.0 million and approximately $276.9 million compared to the carrying amount of approximately $264.4 million at November 30, 2016 and August 31, 2017 , respectively. The Company had no financial instruments that used level 3 inputs as of August 31, 2017 .

Capital Stock

Capital Stock	9 Months Ended
	Aug. 31, 2017
Equity [Abstract]
Capital Stock	Capital Stock Stock Purchase Plan The Company has a share repurchase program (“Stock Purchase Plan”), under which it is authorized to purchase up to $530.0 million of its outstanding Class A common shares. 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 Plan through August 31, 2017 , the Company has purchased 9,701,401 shares of its Class A common shares, for a total of approximately $358.4 million . The Company purchased 979,328 shares of its Class A common shares during the nine months ended August 31, 2017 , at an average cost of approximately $35.76 per share (including commissions), for a total of approximately $35.0 million . These transactions occurred in open market purchases and pursuant to a trading plan under Rule 10b5-1. At August 31, 2017 , the Company had approximately $171.6 million remaining repurchase authority under the current Stock Purchase Plan. In April 2017, the Company's Board of Directors approved an annual dividend of $0.43 per share, for a total of approximately $19.2 million , paid on June 30, 2017, to common stockholders of record on May 31, 2017.

Long-Term Stock Incentive Plan

Long-Term Stock Incentive Plan	9 Months Ended
	Aug. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Long-Term Incentive Plan	Long-Term Stock Incentive Plan In April 2017, the Company's Board of Directors approved the 2017 Long Term Incentive Plan (the "2017 Plan"), as its 2006 Long Term Incentive Plan had expired in 2016. The Company has reserved an aggregate of 1,500,000 shares (subject to adjustment for stock splits and similar capital changes) of Class A Common Stock for grants under the 2017 Plan. Awards under the 2017 Plan will contain such terms and conditions not inconsistent with the 2006 Long Term Incentive Plan. In May 2017 , the Company awarded and issued a total of 97,486 restricted shares of the Company’s Class A common shares to certain officers and managers under the 2017 Plan. The shares of restricted stock awarded in May 2017 , vest at the rate of 50.0 percent on the third anniversary of the award date and the remaining 50.0 percent on the fifth anniversary of the award date. The weighted average grant date fair value of these restricted share awards was $37.10 per share. In accordance with ASC 718, “Compensation — Stock Compensation” the Company is recognizing stock-based compensation on these restricted shares awarded on the accelerated method over the requisite service period.

Comprehensive Income

Comprehensive Income	9 Months Ended
	Aug. 31, 2017
Statement of Comprehensive Income [Abstract]
Comprehensive Income	Comprehensive Income Comprehensive income is the change in equity of an enterprise except those resulting from shareholder transactions. Accumulated other comprehensive loss consists of the following (in thousands): November 30, 2016 August 31, 2017 Terminated interest rate swap, net of tax benefit of $1,758 and $1,448, respectively $ (2,659 ) $ (2,158 )

Income Taxes

Income Taxes	9 Months Ended
	Aug. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company's effective income tax rate was approximately 94.3 percent and 42.4 percent for the three and nine months ended August 31, 2017 , respectively, and approximately 38.4 percent and 38.9 percent for the three and nine months ended August 31, 2016 , respectively. The increase in the effective income tax rate for three and nine months ended August 31, 2017 , as compared to the same periods in the prior year, are substantially due to the Company impairing a deferred tax asset of approximately $2.1 million , resulting in a charge to income tax expense. To a lesser extent, changes in certain state tax rates also increased the effective income tax rate for the three and nine months ended August 31, 2017 , as compared to the same periods in the prior year. During the third fiscal quarter of 2017, the Company determined its stock investment in Motorsports Authentics, Inc. (“MA”) had become worthless under the U.S. federal income tax rules relating to worthless securities. Although the Company had previously reduced its carrying value of the investment to $0 in fiscal 2009, operations continued through the third fiscal quarter of 2017. On August 31, 2017, management and the board of MA decided to cease operations and liquidate MA. In the third quarter of fiscal 2017, the Company recorded a deferred tax asset of $48.3 million representing the tax basis in the shares of MA that was not previously required to be recorded in the deferred assets, as it represents the outside basis difference in the shares of a subsidiary not previously held for sale. The Company has no prior capital gains against which a capital loss could be applied and does not anticipate recording any future capital gains. As a result, the Company recorded a full valuation allowance offsetting the $48.3 million deferred tax asset. The Company has not, however, completed its analysis to determine whether the loss qualifies as a loss from a non-capital asset for federal income tax purposes. The Company expects to complete its analysis of whether the loss is a loss from a non-capital asset, or a capital loss, for federal income tax purposes during its fourth fiscal quarter of 2017, which could result in the recognition of the full tax benefit if it is determined the loss is from a non-capital asset.

Related Party Disclosures and T

Related Party Disclosures and Transactions	9 Months Ended
	Aug. 31, 2017
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 National Association for Stock Car Auto Racing (“NASCAR”), the American Historic Racing Motorcycle Association, the American Motorcyclist Association, the Automobile Racing Club of America, the American Sportbike Racing Association — Championship Cup Series, the Federation Internationale de L’Automobile, the Federation Internationale Motocycliste, International Motor Sports Association (“IMSA”) - a wholly owned subsidiary of NASCAR, Historic Sportscar Racing, IndyCar Series, National Hot Rod Association, the Porsche Club of America, the Sports Car Club of America, the Sportscar Vintage Racing Association, the United States Auto Club and the World Karting Association. NASCAR and IMSA, which sanction many of the Company’s principal racing events, are members of the France Family Group, which controls approximately 74.0 percent of the combined voting power of the outstanding stock of the Company, as of August 31, 2017 , 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 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, 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 Monster Energy NASCAR Cup, Xfinity, and Camping World Truck series events conducted at its wholly owned facilities, and recorded as part of motorsports related revenue, were approximately $56.8 million and $59.1 million for the three months ended August 31, 2016 and 2017 , respectively, and approximately $205.1 million and $213.0 million for the nine months ended August 31, 2016 and 2017 , respectively. The Company recorded prize money of approximately $15.8 million and $16.4 million for the three months ended August 31, 2016 and 2017 , respectively, and approximately $56.8 million and $58.8 million for the nine months ended August 31, 2016 and 2017 , 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 as well as fees paid to NASCAR for sanctioning and officiating of the events. The prize and point fund monies are distributed by NASCAR to participants in the events. Total NEM fees paid by the Company were approximately $31.3 million and $32.5 million for the three months ended August 31, 2016 and 2017 , respectively and approximately $105.9 million and $109.8 million for the nine months ended August 31, 2016 and 2017 , respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Aug. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In October 2002, the Unified Government issued subordinate sales tax special obligation revenue bonds (“2002 STAR Bonds”) totaling approximately $6.3 million to reimburse the Company for certain construction already completed on the second phase of the Kansas Speedway project and to fund certain additional construction. The 2002 STAR Bonds, which require annual debt service payments and are due December 1, 2022 , will be retired with state and local taxes generated within the speedway’s boundaries and are not the Company’s obligation. Kansas Speedway Corporation ("KSC"), wholly-owned subsidiary of the Company, has agreed to guarantee the payment of principal and any required premium and interest on the 2002 STAR Bonds. At August 31, 2017 , the Unified Government had approximately $0.7 million outstanding on 2002 STAR Bonds. Under a keepwell agreement, the Company has agreed to provide financial assistance to KSC, if necessary, to support KSC’s guarantee of the 2002 STAR Bonds. In connection with the Company’s automobile and workers’ compensation insurance coverages and certain construction contracts, the Company has standby letter of credit agreements in favor of third parties totaling approximately $8.4 million at August 31, 2017 . At August 31, 2017 , 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.

Segment Reporting

Segment Reporting	9 Months Ended
	Aug. 31, 2017
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 consolidated domestic media rights contract, which continues through the 2024 NASCAR season, continues to be the single-largest contributor to the Company's earnings. These media rights are allocated to specific events, are not facility based, and are derived through a corporate contract, which affects all of the motorsports event facilities within the motorsports event segment. Similarly, corporate sponsorship partnership revenue is primarily derived from corporate contracts, negotiated from the Company's corporate sales team, and allocated to multiple, or all, motorsports entertainment facilities depending on the specific arrangement. Thus, the disclosure of these revenue streams, as they relate to each reporting unit, is not practical. 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, financing and licensing operations, equity investments, and retail leasing operations are included in the “All Other” segment. The Company evaluates financial performance of the business units on operating profit after allocation of corporate general and administrative (“G&A”) expenses. Corporate G&A expenses are allocated to business units based on each business unit’s net revenues to total net revenues. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. Intersegment sales are accounted for at prices comparable to unaffiliated customers. The following tables provide segment reporting of the Company for the three and nine months ended August 31, 2016 and 2017 , respectively (in thousands): Three Months Ended August 31, 2016 Motorsports Event All Other Total Revenues $ 118,531 $ 10,863 $ 129,394 Depreciation and amortization 24,918 1,078 25,996 Operating income (loss) 2,939 798 3,737 Capital expenditures 18,844 9,612 28,456 Total assets 1,672,589 511,965 2,184,554 Equity investments — 95,864 95,864 Three Months Ended August 31, 2017 Motorsports Event All Other Total Revenues $ 120,137 $ 12,169 $ 132,306 Depreciation and amortization 26,595 1,218 27,813 Operating income (loss) 748 1,403 2,151 Capital expenditures 21,745 15,246 36,991 Total assets 1,645,465 558,265 2,203,730 Equity investments — 87,510 87,510 Nine Months Ended August 31, 2016 Motorsports Event All Other Total Revenues $ 415,707 $ 24,794 $ 440,501 Depreciation and amortization 73,750 3,278 77,028 Operating income (loss) 57,748 834 58,582 Capital expenditures 89,678 20,556 110,234 Nine Months Ended August 31, 2017 Motorsports Event All Other Total Revenues $ 421,792 $ 24,621 $ 446,413 Depreciation and amortization 78,966 3,617 82,583 Operating income (loss) 55,520 (1,126 ) 54,394 Capital expenditures 37,985 39,574 77,559 Intersegment revenues were approximately $0.4 million and $0.4 million for the three months ended August 31, 2016 and August 31, 2017 , respectively and approximately $1.3 million and $1.2 million for the nine months ended August 31, 2016 and August 31, 2017 , respectively. During the three and nine months ended August 31, 2017 , the Company recognized approximately $0.1 million and $0.3 million , respectively of costs related to The Phoenix Raceway project (see "Future Liquidity - The Phoenix Raceway Project"). These costs were included in the Motorsports Event segment. During the nine months ended August 31, 2016 , the Company recognized approximately $0.8 million in marketing and consulting costs that are included in general and administrative expense related to DAYTONA Rising. There were no similar costs incurred in the three months ended August 31, 2016 . These costs were included in the Motorsports Event segment. During the three and nine months ended August 31, 2017 , the Company recognized approximately $2.1 million and $4.7 million , respectively, of accelerated depreciation, due to the shortening the service lives of certain assets, associated with The Phoenix Raceway Project and the Richmond Reimagined project. During the three and nine months ended August 31, 2016 , the Company did not recognize any accelerated depreciation. During the three and nine months ended August 31, 2017 , the Company recognized $0.1 million and $0.3 million , respectively, of asset retirement losses primarily attributable to demolition and/or asset relocation costs in connection with The Phoenix Raceway project. During the nine months ended August 31, 2016 , the Company recognized approximately $1.1 million , of similar losses in connection with demolition and/or asset relocation costs in connection with facility capital improvements. For the three months ended August 31, 2016 , the Company incurred de minimis similar costs.

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	9 Months Ended
	Aug. 31, 2017
Accounting Policies [Abstract]
New Accounting Pronouncements	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" or "Update") 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 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 2019. In August 2014, the FASB issued ASU No. 2014-15, "Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties About an Entity's Ability to Continue as a Going Concern". The objective of this Update is to provide guidance around management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. The standard is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early adoption of the standard is permitted. Adoption of this standard is not expected to have an impact on the Company's consolidated financial statements or disclosures. The Company will adopt the provisions of this statement as of November 30, 2017. 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 application 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 (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Aug. 31, 2017
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 three and nine months ended August 31, 2016 and 2017 , respectively (in thousands, except share and per share amounts): Three Months Ended Nine Months Ended August 31, 2016 August 31, 2017 August 31, 2016 August 31, 2017 Numerator: Net income $ 2,173 $ 265 $ 43,902 $ 34,765 Denominator: Weighted average shares outstanding 45,720,814 44,482,281 46,189,413 44,799,734 Effect of dilutive securities 14,040 8,997 14,550 12,368 Diluted weighted average shares outstanding 45,734,854 44,491,278 46,203,963 44,812,102 Basic and diluted earnings per share $ 0.05 $ 0.01 $ 0.95 $ 0.78 Anti-dilutive shares excluded in the computation of diluted earnings per share 75,068 42,486 85,591 58,084

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Aug. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets	The gross carrying value, accumulated amortization and net carrying value of the major classes of intangible assets relating to the Motorsports Event segment are as follows (in thousands): November 30, 2016 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets: Other 120 97 23 Total amortized intangible assets 120 97 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 $ 178,726 $ 97 $ 178,629 August 31, 2017 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets: Other 120 98 22 Total amortized intangible assets 120 98 22 Non-amortized intangible assets: NASCAR — sanction agreements 177,813 — 177,813 Other 802 — 802 Total non-amortized intangible assets 178,615 — 178,615 Total intangible assets $ 178,735 $ 98 $ 178,637
Current and Expected Amortization Expense of Intangible Assets	The following table presents current and expected amortization expense of the existing intangible assets for each of the following periods (in thousands): Amortization expense for the nine months ended August 31, 2017 $ 2 Remaining estimated amortization expense for the year ending November 30: 2017 $ 0 2018 2 2019 2 2020 2 2021 and thereafter 16

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Aug. 31, 2017
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consists of the following (in thousands): November 30, 2016 August 31, 2017 Principal Unamortized Discount and Debt Issuance Costs Principal Unamortized Discount and Debt Issuance Costs 4.63 percent Senior Notes $ 65,000 $ (210 ) $ 65,000 $ (172 ) 3.95 percent Senior Notes 100,000 (328 ) 100,000 (296 ) 6.25 percent Term Loan 47,878 — 47,206 — TIF bond debt service funding commitment 52,145 (1,665 ) 52,188 (1,484 ) Revolving Credit Facility — — — — 265,023 (2,203 ) 264,394 (1,952 ) Less: current portion 3,738 (334 ) 3,781 (253 ) $ 261,285 $ (1,869 ) $ 260,613 $ (1,699 )
Schedule of Interest Expense	Total interest expense incurred by the Company for the three and nine months ended August 31, 2016 and 2017 , respectively, is as follows (in thousands): Three Months Ended Nine Months Ended August 31, 2016 August 31, 2017 August 31, 2016 August 31, 2017 Interest expense $ 4,015 $ 3,904 $ 12,052 $ 11,792 Less: capitalized interest 390 1,072 1,654 2,641 Net interest expense $ 3,625 $ 2,832 $ 10,398 $ 9,151

Comprehensive Income (Tables)

Comprehensive Income (Tables)	9 Months Ended
	Aug. 31, 2017
Statement of Comprehensive Income [Abstract]
Schedule of Comprehensive Income	Comprehensive income is the change in equity of an enterprise except those resulting from shareholder transactions. Accumulated other comprehensive loss consists of the following (in thousands): November 30, 2016 August 31, 2017 Terminated interest rate swap, net of tax benefit of $1,758 and $1,448, respectively $ (2,659 ) $ (2,158 )

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Aug. 31, 2017
Segment Reporting [Abstract]
Segment Reporting	The following tables provide segment reporting of the Company for the three and nine months ended August 31, 2016 and 2017 , respectively (in thousands): Three Months Ended August 31, 2016 Motorsports Event All Other Total Revenues $ 118,531 $ 10,863 $ 129,394 Depreciation and amortization 24,918 1,078 25,996 Operating income (loss) 2,939 798 3,737 Capital expenditures 18,844 9,612 28,456 Total assets 1,672,589 511,965 2,184,554 Equity investments — 95,864 95,864 Three Months Ended August 31, 2017 Motorsports Event All Other Total Revenues $ 120,137 $ 12,169 $ 132,306 Depreciation and amortization 26,595 1,218 27,813 Operating income (loss) 748 1,403 2,151 Capital expenditures 21,745 15,246 36,991 Total assets 1,645,465 558,265 2,203,730 Equity investments — 87,510 87,510 Nine Months Ended August 31, 2016 Motorsports Event All Other Total Revenues $ 415,707 $ 24,794 $ 440,501 Depreciation and amortization 73,750 3,278 77,028 Operating income (loss) 57,748 834 58,582 Capital expenditures 89,678 20,556 110,234 Nine Months Ended August 31, 2017 Motorsports Event All Other Total Revenues $ 421,792 $ 24,621 $ 446,413 Depreciation and amortization 78,966 3,617 82,583 Operating income (loss) 55,520 (1,126 ) 54,394 Capital expenditures 37,985 39,574 77,559

Computation of Basic and Dilute

Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Numerator:
Net income	$ 265	$ 2,173	$ 34,765	$ 43,902
Denominator:
Weighted average shares outstanding (shares)	44,482,281	45,720,814	44,799,734	46,189,413
Effect of dilutive securities (shares)	8,997	14,040	12,368	14,550
Diluted weighted average shares outstanding (shares)	44,491,278	45,734,854	44,812,102	46,203,963
Basic and diluted earnings per share
Basic and diluted earnings per share (in dollars per share)	$ 0.01	$ 0.05	$ 0.78	$ 0.95
Anti-dilutive shares excluded in the computation of diluted earnings per share (shares)	42,486	75,068	58,084	85,591

Equity and Other Investments -

Equity and Other Investments - Additional Information (Detail) $ in Thousands	Aug. 05, 2013USD ($)a	Mar. 31, 2016USD ($)	Aug. 31, 2017USD ($)	Aug. 31, 2016USD ($)	Aug. 31, 2017USD ($)	Aug. 31, 2016USD ($)	Feb. 29, 2016USD ($)
Schedule of Equity Method Investments [Line Items]
Equity in net loss from equity investments			$ 4,645	$ 3,346	$ 14,071	$ 11,485
Distribution from equity investee					14,936	12,347
Equity Method Investment, Additional Consideration Received		$ 300
Distribution from equity investee					4,164	6,653
Interest and other consideration received on Staten Island note receivable					0	1,162
Expected Incremental Cash Flow From Net Proceeds and Cash Tax Benefit from Sale of Property			$ 129,800		$ 129,800
Kansas Entertainment
Schedule of Equity Method Investments [Line Items]
Ownership interest in joint venture			50.00%		50.00%
Equity in net loss from equity investments			$ 4,600	3,300	$ 14,100	11,500
Distribution from equity investee					$ 19,100	19,000
Fairfield Inn Hotel at ONE DAYTONA
Schedule of Equity Method Investments [Line Items]
Ownership interest in joint venture			33.25%		33.25%
Autograph Hotel at ONE DAYTONA
Schedule of Equity Method Investments [Line Items]
Ownership interest in joint venture			34.00%		34.00%
380 Development
Schedule of Equity Method Investments [Line Items]
Ownership interest in joint venture	100.00%
Distribution from equity investee	$ 7,500	66,400
Equity Method Investment, Gain Recognized				13,600
Number of acres purchased in the New York City borough of Staten Island (in acres) | a	676
Equity method investment sold, carrying amount	$ 80,000
Equity Method Investment, Option Received	$ 4,200
Debt, interest rate	7.00%
Equity Method Investment, Profit, Deferred			$ 1,900	1,900	$ 1,900	1,900
Equity Method Investment, Accrued Interest, Deferred				$ 11,400		$ 11,400
380 Development | 6 months after closing
Schedule of Equity Method Investments [Line Items]
Distribution from equity investee							$ 6,100
380 Development | 31 months after closing
Schedule of Equity Method Investments [Line Items]
Distribution from equity investee		$ 66,400

Summary of Intangible Assets (D

Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	Aug. 31, 2017	Nov. 30, 2016
Intangible Assets by Major Class [Line Items]
Net Carrying Amount	$ 178,637	$ 178,629
Motorsports Event
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	178,735	178,726
Accumulated Amortization	98	97
Net Carrying Amount	178,637	178,629
Motorsports Event | Amortized intangible assets
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	120	120
Accumulated Amortization	98	97
Net Carrying Amount	22	23
Motorsports Event | Amortized intangible assets | Other
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	120	120
Accumulated Amortization	98	97
Net Carrying Amount	22	23
Motorsports Event | Non-amortized intangible assets
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	178,615	178,606
Net Carrying Amount	178,615	178,606
Motorsports Event | Non-amortized intangible assets | Other
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	802	793
Net Carrying Amount	802	793
Motorsports Event | Non-amortized intangible assets | NASCAR - sanction agreements
Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	177,813	177,813
Net Carrying Amount	$ 177,813	$ 177,813

Current and Expected Amortizati

Current and Expected Amortization Expense of Intangible Assets (Detail) $ in Thousands	9 Months Ended
	Aug. 31, 2017USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense for the three months ended February 28, 2017 (less than)	$ 2
Remaining estimated amortization expense for the year ending November 30:
2,017	0
2,018	2
2,019	2
2,020	2
2021 and thereafter	$ 16

Goodwill and Intangible Asset34

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Aug. 31, 2017	Aug. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in carrying value of goodwill	$ 0	$ 0

Long-Term Debt (Detail)

Long-Term Debt (Detail) - USD ($) $ in Thousands	Aug. 31, 2017	Nov. 30, 2016
Debt Instrument [Line Items]
Long-term debt	$ 264,394	$ 265,023
Debt Instrument, Unamortized Discount and Debt Issuance Costs	(1,952)	(2,203)
Less: current portion	3,781	3,738
Debt Instrument, Unamortized Discount and Debt Issuance Costs, Current	(253)	(334)
Long-Term Debt	260,613	261,285
Debt Instrument, Unamortized Discount and Debt Issuance Costs, Non-current	(1,699)	(1,869)
4.63 percent Senior Notes
Debt Instrument [Line Items]
Long-term debt	65,000	65,000
Debt Instrument, Unamortized Discount and Debt Issuance Costs	(172)	(210)
3.95 percent Senior Notes
Debt Instrument [Line Items]
Long-term debt	100,000	100,000
Debt Instrument, Unamortized Discount and Debt Issuance Costs	(296)	(328)
6.25 percent Term Loan
Debt Instrument [Line Items]
Long-term debt	47,206	47,878
Debt Instrument, Unamortized Discount and Debt Issuance Costs	0	0
TIF bond debt service funding commitment
Debt Instrument [Line Items]
Long-term debt	52,188	52,145
Debt Instrument, Unamortized Discount and Debt Issuance Costs	(1,484)	(1,665)
Line of Credit [Member]
Debt Instrument [Line Items]
Long-term debt	0	0
Debt Instrument, Unamortized Discount and Debt Issuance Costs	$ 0	$ 0

Long-Term Debt - Non-printing (

Long-Term Debt - Non-printing (Detail)	Aug. 31, 2017	Nov. 30, 2016
4.63 percent Senior Notes
Debt Instrument [Line Items]
Debt, interest rate	4.63%	4.63%
3.95 percent Senior Notes
Debt Instrument [Line Items]
Debt, interest rate	3.95%	3.95%
6.25 percent Term Loan
Debt Instrument [Line Items]
Debt, interest rate	6.25%	6.25%

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Detail)	Sep. 27, 2016USD ($)	Aug. 31, 2017USD ($)Year	Nov. 30, 2016USD ($)
Debt Disclosure [Line Items]
Long-term Debt, Gross		$ 264,394,000	$ 265,023,000
4.63 percent Senior Notes
Debt Disclosure [Line Items]
Proceeds from long-term debt		$ 65,000,000
Debt, interest rate		4.63%	4.63%
Frequency of periodic payment		semi-annual
Debt Instrument, Covenant, Leverage Ratio, Maximum		3.50
Debt Instrument, Covenant, Interest Coverage Ratio, Maximum		2
Debt Instrument, Covenant Consolidated Net Worth, Percentage, Maximum		15.00%
Long-term debt		$ 65,000,000
Long-term Debt, Gross		$ 65,000,000	$ 65,000,000
4.63 percent Senior Notes | Semi Annual Payment, First Payment
Debt Disclosure [Line Items]
Debt Instrument Interest Rate Payment Date		January 18
4.63 percent Senior Notes | Semi Annual Payment, Second Payment
Debt Disclosure [Line Items]
Debt Instrument Interest Rate Payment Date		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%
Frequency of periodic payment		semi-annual
Debt Instrument, Covenant, Leverage Ratio, Maximum		3.50
Debt Instrument, Covenant Consolidated Net Worth, Percentage, Maximum		15.00%
Long-term debt		$ 100,000,000
Long-term Debt, Gross		$ 100,000,000	$ 100,000,000
3.95 percent Senior Notes | Semi Annual Payment, First Payment
Debt Disclosure [Line Items]
Debt Instrument Interest Rate Payment Date		March 13
3.95 percent Senior Notes | Semi Annual Payment, Second Payment
Debt Disclosure [Line Items]
Debt Instrument Interest Rate Payment Date		September 13
6.25 percent Term Loan
Debt Disclosure [Line Items]
Debt, interest rate		6.25%	6.25%
Long-term debt		$ 47,200,000
Long-term Debt, Gross		47,206,000	$ 47,878,000
Debt, monthly payment		$ 323,000
Debt term | Year		25
TIF bond debt service funding commitment
Debt Disclosure [Line Items]
Long-term Debt, Gross		$ 52,188,000	$ 52,145,000
Principal payment date		October 1
TIF bond debt service funding commitment | Semi Annual Payment, First Payment
Debt Disclosure [Line Items]
Debt Instrument Interest Rate Payment Date		April 1
TIF bond debt service funding commitment | Semi Annual Payment, Second Payment
Debt Disclosure [Line Items]
Debt Instrument Interest Rate 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		6.75%
Long-term debt		$ 49,700,000
Debt, maturity date		Dec. 1, 2027
2016 Credit Facility
Debt Disclosure [Line Items]
Debt Instrument, Covenant, Leverage Ratio, Maximum	3.50
Debt Instrument, Covenant, Interest Coverage Ratio, Maximum	2.5
Credit Facility current borrowing capacity	$ 300,000,000
Credit Facility potential borrowing capacity	$ 500,000,000
Debt instrument basis points	0.50%
Credit Facility amount outstanding		$ 0
Finance costs, net of accumulated amortization		$ 1,300,000
2016 Credit Facility | Minimum
Debt Disclosure [Line Items]
Unused capacity commitment fee (percent)	0.125%
2016 Credit Facility | Maximum
Debt Disclosure [Line Items]
Unused capacity commitment fee (percent)	0.225%
2016 Credit Facility | Standby Letters of Credit
Debt Disclosure [Line Items]
Credit Facility current borrowing capacity	$ 25,000,000
2016 Credit Facility | Swing Line Loan
Debt Disclosure [Line Items]
Credit Facility current borrowing capacity	$ 10,000,000
Four Quarters Ending after any Permitted Acquisition
Debt Disclosure [Line Items]
Debt Instrument, Covenant, Leverage Ratio, Maximum	4
London Interbank Offered Rate (LIBOR) | 2016 Credit Facility
Debt Disclosure [Line Items]
Debt instrument basis points	1.00%
London Interbank Offered Rate (LIBOR) | 2016 Credit Facility | Minimum
Debt Disclosure [Line Items]
Debt instrument basis points		1.00%
London Interbank Offered Rate (LIBOR) | 2016 Credit Facility | Maximum
Debt Disclosure [Line Items]
Debt instrument basis points		1.625%

Long-Term Debt Schedule of Inte

Long-Term Debt Schedule of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Debt Disclosure [Abstract]
Interest expense	$ 3,904	$ 4,015	$ 11,792	$ 12,052
Less: capitalized interest	1,072	390	2,641	1,654
Net interest expense	$ 2,832	$ 3,625	$ 9,151	$ 10,398

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	Aug. 31, 2017	Nov. 30, 2016
Fair Value, Inputs, Level 1
Fair Value, Measurement Inputs, Disclosure [Line Items]
Money market funds	$ 180.5
Fair Value, Inputs, Level 2
Fair Value, Measurement Inputs, Disclosure [Line Items]
Long-term debt excluding credit facilities, fair value	276.9	$ 278.2
Long-term debt excluding credit facilities, carrying amount	$ 264.4	$ 265

Capital Stock (Details)

Capital Stock (Details) - USD ($)	1 Months Ended	9 Months Ended	129 Months Ended
	Apr. 30, 2017	Aug. 31, 2017	Aug. 31, 2017
Equity, Class of Treasury Stock [Line Items]
Stock repurchased during the period		$ 35,020,000
Dividend declared (in dollars per share)	$ 0.43
Cash dividend paid ($0.43 per share)		19,241,000
Class A Common Stock | Stock Purchase Plan [Member]
Equity, Class of Treasury Stock [Line Items]
Authorized amount under Stock Purchase Plan		$ 530,000,000	$ 530,000,000
Stock repurchased during the period (shares)		979,328	9,701,401
Stock repurchased during the period		$ 35,000,000	$ 358,400,000
Weighted average price of stock repurchased (in US$ per share)		$ 35.76
Remaining repurchase authority under the Stock Purchase Plan		$ 171,600,000	$ 171,600,000

Long-Term Stock Incentive Plan

Long-Term Stock Incentive Plan (Details) - Class A Common Stock - Restricted Shares - Long-Term Stock Incentive Plan - $ / shares	1 Months Ended
	Jul. 31, 2017	May 31, 2017	Apr. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate shares reserved for grants under the 2017 Plan (shares)			1,500,000
Certain Officers and Managers
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares awarded and issued under LTIP (in shares)		97,486
Weighted average grant date fair value (in dollars per share)		$ 37.10
Certain Officers and Managers | Third Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage of restricted shares (percent)		50.00%
Certain Officers and Managers | Fifth Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage of restricted shares (percent)		50.00%
Non-employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares awarded and issued under LTIP (in shares)	7,281
Weighted average grant date fair value (in dollars per share)	$ 37.10
Non-employee Directors | Third Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage of restricted shares (percent)	100.00%

Comprehensive Income (Details)

Comprehensive Income (Details) - USD ($) $ in Thousands	Aug. 31, 2017	Nov. 30, 2016
Statement of Comprehensive Income [Abstract]
Terminated interest rate swap, net of tax benefit of $1,758 and $1,448, respectively	$ (2,158)	$ (2,659)
Accumulated other comprehensive income (loss), terminated interest rate swap, tax	$ 1,448	$ 1,758

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016	Nov. 30, 2009
Investments in and Advances to Affiliates [Line Items]
Effective income tax rate (percent)	94.30%	38.40%	42.40%	38.90%
Reversal of deferred tax asset			$ 2,100,000
Deferred tax asset, gross	$ 48,300,000		48,300,000
Valuation allowance offsetting deferred tax asset	$ 48,300,000		$ 48,300,000
Motorsports Authentics, Inc. (“MA”) [Member]
Investments in and Advances to Affiliates [Line Items]
Carrying value of investment					$ 0

Related Party Disclosures and44

Related Party Disclosures and Transactions - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Majority Shareholder
Related Party Transaction [Line Items]
France Family Group, which contains NASCAR, ownership of voting interest in the Company	74.00%		74.00%
NASCAR
Related Party Transaction [Line Items]
Allocation of broadcast rights fees for each NASCAR Sprint Cup, Nationwide or Camping World Truck series event			10.00%
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	$ 59.1	$ 56.8	$ 213	$ 205.1
Prize and point fund monies paid to NASCAR	16.4	15.8	$ 58.8	56.8
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%
Prize and point fund monies paid to NASCAR	$ 32.5	$ 31.3	$ 109.8	$ 105.9

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	1 Months Ended
	Oct. 31, 2002	Aug. 31, 2017
Standby Letter of Credit
Commitments and Contingencies Disclosure [Line Items]
Standby letter of credit agreements in favor of third parties		$ 8,400,000
Amounts drawn on standby letter of credit		0
2002 STAR Bonds
Commitments and Contingencies Disclosure [Line Items]
Proceeds from long-term debt	$ 6,300,000
Frequency of periodic payment	annual
Debt, maturity date	Dec. 1, 2022
Long-term debt		$ 700,000

Segment Reporting (Detail)

Segment Reporting (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Segment Reporting Information [Line Items]
Revenues	$ 132,306	$ 129,394	$ 446,413	$ 440,501
Depreciation and amortization	27,813	25,996	82,583	77,028
Operating income (loss)	2,151	3,737	54,394	58,582
Capital expenditures	36,991	28,456	77,559	110,234
Total Assets	2,203,730	2,184,554	2,203,730	2,184,554
Equity Investments	87,510	95,864	87,510	95,864
Motorsports Event
Segment Reporting Information [Line Items]
Revenues	120,137	118,531	421,792	415,707
Depreciation and amortization	26,595	24,918	78,966	73,750
Operating income (loss)	748	2,939	55,520	57,748
Capital expenditures	21,745	18,844	37,985	89,678
Total Assets	1,645,465	1,672,589	1,645,465	1,672,589
All Other
Segment Reporting Information [Line Items]
Revenues	12,169	10,863	24,621	24,794
Depreciation and amortization	1,218	1,078	3,617	3,278
Operating income (loss)	1,403	798	(1,126)	834
Capital expenditures	15,246	9,612	39,574	20,556
Total Assets	558,265	511,965	558,265	511,965
Equity Investments	$ 87,510	$ 95,864	$ 87,510	$ 95,864

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Segment Reporting Disclosure [Line Items]
Revenues	$ 132,306	$ 129,394	$ 446,413	$ 440,501
Income recognized from non-recurring transactions	94,027	90,245	319,861	309,970
Motorsports and other event related expenses	32,225	31,973	93,008	92,920
Impairment of long lived assets	127	176	531	1,106
Intersegment Elimination
Segment Reporting Disclosure [Line Items]
Revenues	400	400	1,200	1,300
Motorsports Event
Segment Reporting Disclosure [Line Items]
Revenues	120,137	118,531	421,792	415,707
Motorsports Event | Daytona Rising | General and Administrative Expense
Segment Reporting Disclosure [Line Items]
Marketing and consulting costs				800
Motorsports Event | Phoenix Raceway Project
Segment Reporting Disclosure [Line Items]
Motorsports and other event related expenses	100		300
Motorsports Event | Phoenix Raceway Project | General and Administrative Expense
Segment Reporting Disclosure [Line Items]
Accelerated depreciation	2,100	$ 0	4,700	0
Impairment of long lived assets	$ 100		$ 300	$ 1,100