International Speedway (ISCB) 10-K 26 Jan 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Nov. 30, 2017	Dec. 31, 2017	May 31, 2017
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Nov. 30, 2017
Document Fiscal Year Focus	2,017
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			$ 915,487,926.10
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		24,499,629
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		19,690,287

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2017	Nov. 30, 2016
Current Assets:
Cash and cash equivalents	$ 256,702	$ 263,727
Receivables, less allowance of $1,000 in 2016 and 2017, respectively	37,269	35,445
Income taxes receivable	21,867	189
Prepaid expenses and other current assets	9,749	13,759
Total Current Assets	325,587	313,120
Property and Equipment, net	1,479,743	1,455,506
Other Assets:
Equity investments	86,200	92,392
Intangible assets, net	178,637	178,629
Goodwill	118,400	118,791
Other	19,625	14,222
Total Other Assets	402,862	404,034
Total Assets	2,208,192	2,172,660
Current Liabilities:
Current portion of long-term debt	3,854	3,404
Accounts payable	23,936	29,770
Deferred income	38,521	39,416
Other current liabilities	19,249	22,728
Total Current Liabilities	85,560	95,318
Long-Term Debt	255,612	259,416
Deferred Income Taxes	396,046	409,585
Long-Term Deferred Income	8,251	5,988
Other Long-Term Liabilities	2,801	1,993
Commitments and Contingencies	0	0
Shareholders’ Equity:
Additional paid-in capital	430,114	437,292
Retained earnings	1,031,361	965,281
Accumulated other comprehensive loss	(1,991)	(2,659)
Total Shareholders’ Equity	1,459,922	1,400,360
Total Liabilities and Shareholders’ Equity	2,208,192	2,172,660
Class A Common Stock, $.01 par value, 80,000,000 shares authorized; 24,922,561 and 24,113,778 issued and outstanding in 2016 and 2017, respectively
Shareholders’ Equity:
Common Stock value	241	249
Class B Common Stock, $.01 par value, 40,000,000 shares authorized; 19,767,280 and 19,707,104 issued and outstanding in 2016 and 2017, respectively
Shareholders’ Equity:
Common Stock value	$ 197	$ 197

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Nov. 30, 2017	Nov. 30, 2016
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)	24,113,778	24,922,561
Common Stock, shares outstanding (in shares)	24,113,778	24,922,561
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)	19,707,104	19,767,280
Common Stock, shares outstanding (in shares)	19,707,104	19,767,280

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
REVENUES:
Admissions, net	$ 121,505	$ 123,521	$ 130,154
Motorsports and other event related	491,664	477,197	451,838
Food, beverage and merchandise	41,293	41,968	47,282
Other	16,971	18,330	16,096
Total revenue	671,433	661,016	645,370
Direct:
NASCAR event management fees	178,403	171,836	167,841
Motorsports and other event related	134,136	133,322	131,109
Food, beverage and merchandise	29,593	30,142	38,484
Other operating expenses	1,581	483	1,397
General and administrative	111,279	110,345	110,220
Depreciation and amortization	109,733	102,156	94,727
Losses on retirements of long-lived assets	10,552	2,905	16,015
Total expenses	575,277	551,189	559,793
Operating income	96,156	109,827	85,577
Interest income	1,220	270	157
Interest expense	(11,633)	(13,837)	(9,582)
Other	344	12,896	730
Equity in net income from equity investments	19,111	14,913	14,060
Income before income taxes	105,198	124,069	90,942
Income taxes	(5,625)	47,731	34,308
Net income	$ 110,823	$ 76,338	$ 56,634
Earnings per share:
Basic and diluted (per share)	$ 2.48	$ 1.66	$ 1.21
Dividends per share (in dollars per share)	$ 0.43	$ 0.41	$ 0.26
Basic weighted average shares outstanding (in shares)	44,648,586	45,981,471	46,621,211
Diluted weighted average shares outstanding (in shares)	44,660,177	45,995,691	46,635,830

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 110,823	$ 76,338	$ 56,634
Other comprehensive income:
Amortization of interest rate swap, net of tax benefit of $424, $418 and $413, respectively	668	664	658
Comprehensive income	$ 111,491	$ 77,002	$ 57,292

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Statement of Other Comprehensive Income [Abstract]
Amortization of interest rate swap, tax benefit	$ 413	$ 418	$ 424

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, 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	110,823		110,823
Other comprehensive income	668			668
Exercise of stock options	528	528			0
Cash dividends	(19,241)		(19,241)
Reacquisition of previously issued common stock	(36,349)	(10,839)	(25,502)		(8)
Other	402	402			0
Stock-based compensation	2,731	2,731
Ending Balance at Nov. 30, 2017	$ 1,459,922	$ 430,114	$ 1,031,361	$ (1,991)	$ 241	$ 197

Consolidated Statements of Cha8

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Statement of Stockholders' Equity [Abstract]
Cash dividends, per share (in dollars per share)	$ 0.43	$ 0.41	$ 0.26

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
OPERATING ACTIVITIES
Net income	$ 110,823	$ 76,338	$ 56,634
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of Staten Island property	0	(13,631)	0
Depreciation and amortization	109,733	102,156	94,727
Stock-based compensation	2,731	3,706	2,944
Amortization of financing costs	1,682	1,745	1,787
Interest and other consideration received on Staten Island note receivable	0	1,162	4,648
Deferred income taxes	(13,953)	72,936	(15,678)
Income from equity investments	(19,111)	(14,913)	(14,060)
Distribution from equity investee	20,274	16,067	15,209
Losses on retirements of long-lived assets, non-cash	9,648	2,399	3,490
Other, net	(177)	(277)	(702)
Changes in operating assets and liabilities
Receivables, net	(1,824)	6,667	(14,514)
Prepaid expenses and other assets	(1,536)	(14,751)	4,466
Accounts payable and other liabilities	(6,996)	4,837	5,128
Deferred income	1,368	192	2,621
Income taxes	(21,275)	1,255	5,287
Net cash provided by operating activities	191,387	245,888	151,987
INVESTING ACTIVITIES
Capital expenditures	(145,133)	(140,793)	(155,016)
Distribution from equity investee and affiliate	5,176	9,833	16,841
Equity investments and advances to affiliate	(147)	(130)	0
Proceeds from sale of Staten Island property	0	66,728	0
Proceeds from sale of assets	750	560	4,442
Other, net	(9)	(6)	(5)
Net cash used in investing activities	(139,363)	(63,808)	(133,738)
FINANCING ACTIVITIES
Payment of long-term debt	(3,738)	(3,408)	(3,437)
Deferred financing fees	(249)	(1,058)	0
Exercise of Class A common stock options	528	136	0
Cash dividends paid	(19,241)	(18,859)	(12,127)
Reacquisition of previously issued common stock	(36,349)	(55,712)	(984)
Net cash used in financing activities	(59,049)	(78,901)	(16,548)
Net increase (decrease) in cash and cash equivalents	(7,025)	103,179	1,701
Cash and cash equivalents at beginning of year	263,727	160,548	158,847
Cash and cash equivalents at end of year	$ 256,702	$ 263,727	$ 160,548

DESCRIPTION OF BUSINESS AND SUM

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Notes)	12 Months Ended
	Nov. 30, 2017
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, 2017 , 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 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 ISM 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 2017 , 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”) WeatherTech SportsCar Championship Series events including the premier sports car endurance event in the United States, the Rolex 24 At DAYTONA; • 5 Automobile Racing Club of America ("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 761,000 grandstand seats and 560 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. 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. The Company has also developed a premier mixed use and entertainment destination under the name ONE DAYTONA, which is across from the Daytona International Speedway. 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, 2017 . 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 2017 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 2017 indicated there had been no impairment and the fair value exceeded the carrying value for the respective reporting units. During fiscal 2017 , 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 change in equity of an enterprise except those resulting from shareholder transactions. INCOME TAXES: Income taxes have been presented 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 Company, as 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 among 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 $3.8 million and $3.1 million at November 30, 2016 and 2017 , respectively. ADVERTISING EXPENSE: Advertising costs are expensed as incurred. Advertising expense was approximately $17.1 million , $17.7 million and $17.2 million for the years ended November 30, 2015 , 2016 and 2017 , 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 Statement of Operations 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 continuing to evaluate the information necessary to determine the impact of adopting this new guidance on its related accounting policies and processes, as well as its financial position, results of operations, cash flows and required disclosures. The Company 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 adopted 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 International Financial Reporting Standards 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. In August 2016, the FASB issued ASU No. 2016-16, "Statement of Cash Flows (Topic 23): Classification of Certain Cash Receipts and Cash Payments". The objective of this Update is to provide specific guidance on eight cash flow classification issues and reduce the existing diversity in practice. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The amendments in this Update should be applied using a retrospective transition method to each period presented. If it is impracticable to apply the amendments retrospectively for some of the issues, the amendments for those issues would be applied prospectively as of the earliest date practicable. The Company believes that the impact of adopting this new guidance will not result in a material difference in its financial position and will adopt the provisions of this statement in the first quarter of fiscal 2019. In January 2017, the FASB issued ASU No, 2017-04, "Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment". The objective of this Update is to simplify the subsequent measurement of goodwill, the Board eliminated Step 2 from the goodwill impairment test - measuring goodwill impairment loss by comparing the implied fair value of a reporting unit's goodwill to the carrying amount of that goodwill. Instead, under the amendments in this Update, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. An entity should apply the amendments in this Update on a prospective basis. An entity is required to disclose the nature of and reason for the change in accounting principle upon transition. That disclosure should be provided in the first annual period and in the interim period within the first annual period when the entity initially adopts the amendments in this Update. A public business entity that is a U.S. Securities and Exchange Commission ("SEC") filer should adopt the amendments in this Update for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. 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 2021.

EARNINGS PER SHARE (Notes)

EARNINGS PER SHARE (Notes)	12 Months Ended
	Nov. 30, 2017
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): 2015 2016 2017 Numerator: Net income $ 56,634 $ 76,338 $ 110,823 Basic earnings per share denominator: Weighted average shares outstanding 46,621,211 45,981,471 44,648,586 Basic earnings per share: Income from continuing operations $ 1.21 $ 1.66 $ 2.48 Loss from discontinued operations Net income $ 1.21 $ 1.66 $ 2.48 Denominator: Weighted average shares outstanding 46,621,211 45,981,471 44,648,586 Common stock options 14,619 14,220 11,591 Diluted weighted average shares outstanding 46,635,830 45,995,691 44,660,177 Basic and diluted earnings per share $ 1.21 $ 1.66 $ 2.48 Anti-dilutive shares excluded in the computation of diluted earnings per share 98,928 81,292 51,403

PROPERTY AND EQUIPMENT (Notes)

PROPERTY AND EQUIPMENT (Notes)	12 Months Ended
	Nov. 30, 2017
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Property and equipment consists of the following as of November 30, (in thousands): 2016 2017 Land and leasehold improvements $ 244,337 $ 244,539 Buildings, grandstands and motorsports entertainment facilities 1,831,804 1,845,958 Furniture and equipment 258,510 266,622 Construction in progress 55,011 153,034 2,389,662 2,510,153 Less accumulated depreciation 934,156 1,030,410 $ 1,455,506 $ 1,479,743 Depreciation and amortization expense was approximately $94.7 million , $102.2 million and $109.7 million for the years ended November 30, 2015 , 2016 and 2017 , respectively. The depreciation expense for the year ended November 30, 2017 , includes approximately $6.2 million of accelerated depreciation that was recorded due to the shortening of the service lives of certain assets associated with ONE DAYTONA and the ISM Raceway Redevelopment. There were no similar costs in fiscal 2016.

RETIREMENTS OF LONG-LIVED ASSET

RETIREMENTS OF LONG-LIVED ASSETS (Notes)	12 Months Ended
	Nov. 30, 2017
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): 2015 2016 2017 Losses on retirements of long-lived assets $ 16,015 $ 2,905 $ 10,552 Less: cash portion of losses on asset retirements 12,525 506 904 Non-cash losses on retirements of long-lived assets $ 3,490 $ 2,399 $ 9,648 The fiscal 2015 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 Raceway (“Richmond”) and certain of the Company's other facilities. The fiscal 2016 retirements are primarily attributable to the removal of assets not fully depreciated in connection with DAYTONA Rising, capacity optimization initiatives and other capital improvements. The fiscal 2017 retirements are primarily attributable to the removal of assets not fully depreciated in connection with capacity optimization initiatives, the ISM Raceway Redevelopment, and other capital improvements.

EQUITY AND OTHER INVESTMENTS (N

EQUITY AND OTHER INVESTMENTS (Notes)	12 Months Ended
	Nov. 30, 2017
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, 2015 , 2016 and 2017 , respectively. The Company’s 50.0 percent portion of Kansas Entertainment’s net income was approximately $14.1 million , $14.9 million and $19.1 million for fiscal years 2015 , 2016 and 2017 , respectively, and is included in equity in net income from equity investments in the Company's consolidated statements of operations. Pre-tax distributions from Kansas Entertainment, for the years ended November 30, are recognized on the Company's consolidated statement of cash flows as follows (in thousands): 2015 2016 2017 Distribution from profits $ 15,209 $ 16,067 $ 20,274 Distribution in excess of profits 16,841 9,833 5,176 Total Distributions $ 32,050 $ 25,900 $ 25,450 Fairfield Inn 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. In June 2016, DBR contributed land to the joint venture as per the agreement. DHGII is the managing member of the Fairfield and will be responsible for the development and operations of the hotel. The hotel is situated within the ONE DAYTONA development and operations began in December 2017. 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. The Company has accounted for the joint venture in the Fairfield as an equity investment in its consolidated financial statements as of November 30, 2017 . The Company's 33.25 percent portion of Fairfield’s net loss, from inception, through November 30, 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. 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 Autograph as an equity investment in its consolidated financial statements as of November 30, 2017 . The Company's 34.0 percent portion of Autograph’s net loss, from inception, through November 30, 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. 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. Summarized financial information of the Company’s equity investments as of and for the years ended November 30, are as follows (in thousands): 2015 2016 2017 Current assets $ 17,204 $ 15,856 $ 18,110 Noncurrent assets 196,164 177,479 166,457 Current liabilities 17,749 17,380 18,963 Noncurrent liabilities — — — Net sales 153,183 153,276 154,524 Gross profit 80,691 82,087 83,794 Operating income 30,417 32,136 40,548 Net income 30,417 32,136 40,548

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Notes)	12 Months Ended
	Nov. 30, 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 as of November 30, are as follows (in thousands): 2016 Gross Accumulated Net 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 2017 Gross Accumulated Net 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 as of November 30, for each of the following periods (in thousands): Amortization expense for the year ended November 30, 2017 $ 2 Estimated amortization expense for the year ending November 30: 2018 2 2019 2 2020 2 2021 1 2022 15 There were no changes in the carrying value of goodwill during fiscal 2016 . As of November 30, 2017 , the Company was in negotiations to sell certain assets, some of which had goodwill associated to them. As a result of the negotiations, goodwill was considered partially impaired by approximately $0.4 million .

LONG-TERM DEBT (Notes)

LONG-TERM DEBT (Notes)	12 Months Ended
	Nov. 30, 2017
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt consists of the following as of November 30, (in thousands): 2016 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 $ (159 ) 3.95 percent Senior Notes 100,000 (328 ) 100,000 (286 ) 6.25 percent Term Loan 47,878 — 46,975 — TIF bond debt service funding commitment 52,145 (1,665 ) 49,368 (1,432 ) Revolving Credit Facility — — — — 265,023 (2,203 ) 261,343 (1,877 ) Less: current portion 3,738 (334 ) 4,091 (237 ) $ 261,285 $ (1,869 ) $ 257,252 $ (1,640 ) Schedule of Payments (in thousands) For the year ending November 30: 2018 $ 4,091 2019 4,522 2020 5,326 2021 70,808 2022 6,326 Thereafter 170,607 261,680 Net premium (337 ) Total $ 261,343 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, and 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, 2017 , the Company was in compliance with its various restrictive covenants. At November 30, 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 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, 2017 , the Company was in compliance with its various restrictive covenants. At November 30, 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 principal and interest. At November 30, 2017 , the outstanding principal on the 6.25 percent Term Loan was approximately $47.0 million . At November 30, 2017 , in connection with the financing of Kansas Speedway, the TIF bond totaled approximately $49.4 million , net of the unamortized discount, which is comprised of a $49.7 million principal amount, 6.75 percent term bond due December 1, 2027 . The TIF bond is 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. In September 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 November 30, 2017 , the Company was in compliance with its various restrictive covenants. At November 30, 2017 , the Company had no outstanding borrowings under the 2016 Credit Facility. At November 30, 2017 , the Company has approximately $2.0 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): 2015 2016 2017 Interest expense $ 16,286 $ 16,038 $ 15,713 Less: capitalized interest 6,704 2,201 4,080 Net interest expense $ 9,582 $ 13,837 $ 11,633 At November 30, 2016 and 2017 , the Company recorded deferred financing costs of approximately $3.6 million and $3.3 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, 2017
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): 2015 2016 2017 Current tax expense (benefit): Federal $ 46,095 $ (27,061 ) $ 6,888 State 3,891 1,856 1,440 Deferred tax expense (benefit): Federal (15,164 ) 70,186 (10,912 ) State (514 ) 2,750 (3,041 ) Provision (benefit) for income taxes $ 34,308 $ 47,731 $ (5,625 ) The reconciliation of income tax expense (benefit) computed at the federal statutory tax rates to income tax expense (benefit) for the years ended November 30, is as follows (percent of pre-tax income): 2015 2016 2017 Income tax computed at federal statutory rates 35.0 % 35.0 % 35.0 % State income taxes, net of federal tax benefit 2.5 3.2 3.2 Investment in MA — — (43.8 ) Other, net 0.2 0.3 0.3 Effective income tax rate 37.7 % 38.5 % (5.3 )% The principal causes of the decreased effective income tax rate, as compared to the statutory income tax rate, for the fiscal years ended November 30, 2015 and 2016 is due to reductions in certain state tax rates. The principal cause of the decreased effective income tax rate, as compared to the statutory income tax rate, for the fiscal year ended November 30, 2017 is due to a non-recurring tax benefit associated with the worthlessness of our investment in Motorsports Authentics, Inc. ("MA"), discussed below. The components of the net deferred tax assets (liabilities) at November 30, are as follows (in thousands): 2016 2017 Loss carryforwards $ 15,477 $ 13,739 Deferred revenues 1,529 1,249 Accruals 2,946 2,251 Compensation related 4,065 3,294 Interest 2,740 2,084 Equity investment — 860 Deferred tax assets 26,757 23,477 Valuation allowance (7,031 ) (2,116 ) Deferred tax assets, net of valuation allowance 19,726 21,361 Amortization and depreciation (428,828 ) (417,127 ) Equity investment (180 ) — Other (303 ) (280 ) Deferred tax liabilities (429,311 ) (417,407 ) Net deferred tax liabilities $ (409,585 ) $ (396,046 ) At November 30, 2017 the Company has deferred tax assets related to various state loss carryforwards totaling approximately $13.7 million that expire in varying amounts beginning in fiscal 2019 . The valuation allowance at November 30, 2016 and 2017 was primarily related to state loss carryforwards that, in the judgment of management, are more likely than not to expire before realized. In evaluating the Company’s ability to recover its deferred income tax assets it considers all available evidence both positive and negative, including operating results, ongoing tax planning and forecasts of future taxable income on a jurisdiction by jurisdiction basis. Federal returns for fiscal years 2013 through 2016 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 2012 through 2016 . A reconciliation of the beginning and ending amount of unrecognized tax liability is as follows (in thousands): Balance at December 1, 2016 $ 311 Reductions for tax positions of prior years (40 ) Balance at November 30, 2017 $ 271 During the fiscal year ended November 30, 2017 , the Company determined its stock investment in MA had become worthless in accordance with U.S. federal income tax rules. During the fiscal year ended November 30, 2009 the Company had previously reduced its carrying value of the investment to nil. However operations continued until August 2017. In August of 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 $48.2 million representing the tax benefit associated with the 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 basis in MA used to calculate the tax benefit is approximately $122.2 million . In the fourth quarter of fiscal 2017, the Company completed its analysis and determined the loss qualifies as an ordinary loss for federal income tax purposes. As a result of the worthlessness of MA stock and this analysis, the Company recognized an income tax benefit of approximately $48.2 million for the period ending November 30, 2017. Management believes that it is more likely than not that the Company has sufficient taxable income to fully utilize these tax losses. In fiscal 2017, the Company also impaired $2.1 million of deferred tax assets, resulting in a charge to income tax expense, related to federal loss carryforwards. In December 2015, Congress passed the Protecting Americans from Tax Hikes Act (the "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 50.0 percent for qualifying assets placed into service from 2015 through 2017, 40.0 percent for qualifying assets placed into service in 2018, and 30.0 percent for qualifying assets placed into service in 2019. The impact of this tax legislation did not affect the Company's fiscal 2016 and 2017 effective tax rate. On December 22, 2017, Congress signed into law the Tax Cut and Jobs Act of 2017. The tax law includes significant changes to the U.S. corporate tax systems including a rate reduction from 35.0 percent to 21.0 percent beginning in January of 2018, the elimination of the corporate alternative minimum tax, and the acceleration of depreciation for US tax purposes. In accordance with ASC 740, "Income Taxes", the impact of a change in tax law is recorded in the period of enactment. During the first quarter of 2018, the Company expects to record a material, non-cash, change in its deferred income tax liability with a material income tax benefit.

CAPITAL STOCK (Notes)

CAPITAL STOCK (Notes)	12 Months Ended
	Nov. 30, 2017
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 $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 Stock Purchase Plan through November 30, 2017 , the Company has purchased 9,701,401 shares of its Class A common shares, for a total of approximately $358.4 million . There were no purchases of the Company's Class A shares during fiscal 2015. In fiscal 2016 and 2017 the Company purchased 1.7 million and 1.0 million shares of our Class A common shares, at an average cost of approximately $33.25 and $35.76 per share (including commissions), for a total of approximately $55.1 million and $35.0 million , respectively. Transactions occur in open market purchases and pursuant to a trading plan under Rule 10b5-1. At November 30, 2017 , the Company has 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.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Notes)	12 Months Ended
	Nov. 30, 2017
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 $1.7 million , $1.7 million and $1.8 million for the years ended November 30, 2015 , 2016 and 2017 , respectively. The estimated cost to complete approved projects and current construction in progress at November 30, 2017 at the Company’s existing facilities is approximately $171.7 million . Included in Other current liabilities on the Company's Consolidated Balance Sheets are approximately $4.1 million and $4.5 million , of certain administrative costs as of November 30, 2016 and 2017 , 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, 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. 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, 2017 , are as follows (in thousands): For the year ending November 30: Operating Agreement Operating Leases 2018 $ 55 $ 6,870 2019 55 5,522 2020 55 4,280 2021 55 3,950 2022 55 3,770 Thereafter 555 40,275 Total $ 830 $ 64,667 Total expenses incurred under the track operating agreement, operating leases and all other short-term rentals during the years ended November 30, 2015 , 2016 and 2017 were approximately $14.4 million , $13.7 million , and $14.7 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 $8.4 million at November 30, 2017 . At November 30, 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.

RELATED PARTY DISCLOSURES AND T

RELATED PARTY DISCLOSURES AND TRANSACTIONS (Notes)	12 Months Ended
	Nov. 30, 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 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 74.1 percent of the combined voting power of the outstanding stock of the Company, as of November 30, 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 NASCAR Cup, Xfinity and Camping World Truck series event as a component of its sanction fees. The Company, as 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 $314.5 million , $325.1 million and $337.4 million in fiscal years 2015 , 2016 and 2017 , respectively. The Company recorded prize money of approximately $87.2 million , $89.6 million and $93.3 million in fiscal years 2015 , 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. The prize and point fund monies are distributed by NASCAR to participants in the events. Total NEM fees paid by the Company were approximately $167.8 million , $171.8 million and $178.4 million , for the fiscal years ended November 30, 2015 , 2016 and 2017 , respectively. The Company has outstanding receivables related to NASCAR and its affiliates of approximately $21.3 million and $22.1 million at November 30, 2016 and 2017 , 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 $10.2 million , $10.2 million and $10.3 million during fiscal 2015 , 2016 and 2017 , 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 $1.2 million for the years ended November 30, 2015 , 2016 and 2017 , 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 $0.1 million , $0.1 million and $0.1 million during fiscal 2015 , 2016 and 2017 , 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 $456,000 , $306,000 and $504,000 during fiscal 2015 , 2016 and 2017 , respectively. Crotty, Bartlett & Kelly, P.A. (“Crotty, Bartlett & Kelly”), is a law firm previously controlled by family members of W. Garrett Crotty, one of the Company’s executive officers. The Company engaged 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 $39,000 and $36,000 during fiscal 2015 and 2016 , respectively. There were no comparable transactions in fiscal 2017. 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 $517,000 , $555,000 and $519,000 during fiscal 2015 , 2016 and 2017 , respectively. In fiscal 2017 , Brown & Brown paid the Company approximately $10.0 thousand for the purchase of track facility rentals. 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 2015 , 2016 and 2017 . The Company paid approximately $35,000 , $97,000 and $158,000 for these services in fiscal 2015 , 2016 and 2017 , 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, 2017
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): 2015 2016 2017 Income taxes paid $ 44,989 $ 24,392 $ 31,424 Interest paid $ 14,504 $ 14,199 $ 13,928

LONG-TERM STOCK INCENTIVE PLAN

LONG-TERM STOCK INCENTIVE PLAN (Notes)	12 Months Ended
	Nov. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
LONG-TERM STOCK INCENTIVE PLAN	LONG-TERM STOCK INCENTIVE PLAN On November 30, 2017 , the Company has three 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 $2.9 million , $3.7 million , and $2.7 million for the years ended November 30, 2015 , 2016 and 2017 , respectively. The total income tax benefit recognized in the consolidated statements of operations for share-based compensation arrangements was approximately $1.2 million, $1.5 million and $1.3 million for the years ended November 30, 2015 , 2016 and 2017 , 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 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. The Company’s 2006 Long-Term Incentive Plan (the “2006 Plan”) authorized 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. The 2006 Plan terminated in 2016. 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 2017, the Company’s shareholders’ approved the 2017 Long-Term Incentive Plan (the “2017 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 2017 Plan) to employees, consultants and advisers of the Company capable of contributing to the Company’s performance. The Company has reserved an aggregate of 1,500,000 shares (subject to adjustment for stock splits and similar capital changes) of the Company’s Class A Common Stock for grants under the 2017 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, 2006 Plan, and 2017 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 89,343 , 92,583 and 98,295 shares of restricted stock awards of the Company’s Class A Common Stock during the fiscal years ended November 30, 2015 , 2016 and 2017 , 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 $36.36 , $33.49 and $37.10 per share, respectively. The Company granted 8,190 , 8,073 and 7,281 shares of restricted stock awards of the Company’s Class A Common Stock during the fiscal years ended November 30, 2015 , 2016 and 2017 , 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 $36.67 , $33.45 and $37.55 per share, respectively. A summary of the status of the Company’s restricted stock as of November 30, 2017 , and changes during the fiscal year ended November 30, 2017 , is presented as follows: Restricted Shares Weighted- Average Grant- Date Fair Value (Per Share) Weighted- Average Remaining Contractual Term (Years) Unvested at November 30, 2016 389,993 $ 32.32 Granted 105,576 37.10 Vested (125,945 ) 28.78 Forfeited (590 ) 26.69 Unvested at November 30, 2017 369,034 34.91 3.5 As of November 30, 2017 , there was approximately $6.0 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, 2015 , 2016 and 2017 , was approximately $3.7 million , $2.3 million and $4.7 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, 2017 , 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, 2016 119,879 $ 37.23 Expired (37,340 ) 51.62 Exercised (20,295 ) 25.65 Forfeited — — Outstanding at November 30, 2017 62,244 32.37 1.3 $ 536,974 Vested and Exercisable at November 30, 2017 62,244 $ 32.37 1.3 $ 536,974 There were no options granted in fiscal years 2015 , 2016 and 2017 . There were no options exercised during fiscal year 2015 . There were 5,321 and 20,295 options exercised during fiscal years 2016 and 2017 , respectively. The total intrinsic value of options exercised during the fiscal year ended November 30, 2016 and 2017 , was approximately $0.6 million and $0.5 million , respectively. The actual tax benefit realized for the tax deductions from exercise of the stock options totaled approximately $20,251 and $84,090 for the fiscal years ended November 30, 2016 and 2017 , respectively. As of November 30, 2017 , 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, 2017
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, 2017 , the Company had money market funds totaling approximately $210.7 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, 2017 , the fair value of the long-term debt, as determined by quotes from financial institutions, was approximately $272.7 million compared to the carrying amount of approximately $261.3 million . The Company had no level 3 inputs as of November 30, 2017 .

QUARTERLY DATA (UNAUDITED) (Not

QUARTERLY DATA (UNAUDITED) (Notes)	12 Months Ended
	Nov. 30, 2017
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 2016 and 2017 (in thousands, except per share amounts): Fiscal Quarter Ended February 29, May 31, (2) August 31, (3) November 30, Total revenue $ 142,630 $ 167,561 $ 128,986 $ 221,839 Operating income (1) 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 Fiscal Quarter Ended February 28, May 31, (3) August 31, November 30, (4) Total revenue $ 147,954 $ 165,275 $ 131,940 $ 226,264 Operating income (1) 33,818 18,425 2,151 41,762 Net income 21,273 13,227 265 76,058 Basic and diluted earnings per share 0.47 0.29 0.01 1.72 (1) Included in operating income (loss) are losses on retirements of long-lived assets of $0.9 million , less than $0.1 million , $0.2 million , and $1.8 million , for each quarter of fiscal 2016, respectively, and less than $0.1 million , $0.4 million , $0.1 million , and $10.0 million for each quarter of fiscal 2017, respectively. (2) 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. (3) In the third quarter of fiscal 2016, the Company received a favorable settlement relating to certain ancillary operations of approximately $1.1 million . In the second quarter of fiscal 2017, the Company received a favorable settlement relating to certain ancillary operations of approximately $1.0 million . (4) In the fourth quarter of fiscal 2017, the Company recognized a material income tax benefit of approximately $48.2 million .

SEGMENT REPORTING (Notes)

SEGMENT REPORTING (Notes)	12 Months Ended
	Nov. 30, 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. Intersegment revenues were approximately $2.1 million , $2.2 million and $2.0 million for the years ended November 30, 2015 , 2016 and 2017 , respectively. The following table shows information by operating segment (in thousands): 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 For the Year Ended November 30, 2017 Motorsports Event All Other Total Revenues $ 639,615 $ 33,802 $ 673,417 Depreciation and amortization 104,885 4,848 109,733 Operating income (loss) 97,262 (1,106 ) 96,156 Equity investments income — 19,111 19,111 Capital expenditures 84,238 60,895 145,133 Total assets 1,644,116 564,076 2,208,192 Equity investments — 86,200 86,200

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts (Notes)	12 Months Ended
	Nov. 30, 2017
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, 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 For the year ended November 30, 2017 Allowance for doubtful accounts 1,000 53 53 1,000 (A) Uncollectible accounts written off, net of recoveries.

DESCRIPTION OF BUSINESS AND S27

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Nov. 30, 2017
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 2017 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 2017 indicated there had been no impairment and the fair value exceeded the carrying value for the respective reporting units. During fiscal 2017 , 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 change in equity of an enterprise except those resulting from shareholder transactions.
INCOME TAXES	Income taxes have been presented 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 Company, as 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 among 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.
RECLASSIFICATIONS	Certain prior year amounts in the Consolidated Statement of Operations 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 continuing to evaluate the information necessary to determine the impact of adopting this new guidance on its related accounting policies and processes, as well as its financial position, results of operations, cash flows and required disclosures. The Company 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 adopted 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 International Financial Reporting Standards 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. In August 2016, the FASB issued ASU No. 2016-16, "Statement of Cash Flows (Topic 23): Classification of Certain Cash Receipts and Cash Payments". The objective of this Update is to provide specific guidance on eight cash flow classification issues and reduce the existing diversity in practice. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The amendments in this Update should be applied using a retrospective transition method to each period presented. If it is impracticable to apply the amendments retrospectively for some of the issues, the amendments for those issues would be applied prospectively as of the earliest date practicable. The Company believes that the impact of adopting this new guidance will not result in a material difference in its financial position and will adopt the provisions of this statement in the first quarter of fiscal 2019. In January 2017, the FASB issued ASU No, 2017-04, "Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment". The objective of this Update is to simplify the subsequent measurement of goodwill, the Board eliminated Step 2 from the goodwill impairment test - measuring goodwill impairment loss by comparing the implied fair value of a reporting unit's goodwill to the carrying amount of that goodwill. Instead, under the amendments in this Update, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. An entity should apply the amendments in this Update on a prospective basis. An entity is required to disclose the nature of and reason for the change in accounting principle upon transition. That disclosure should be provided in the first annual period and in the interim period within the first annual period when the entity initially adopts the amendments in this Update. A public business entity that is a U.S. Securities and Exchange Commission ("SEC") filer should adopt the amendments in this Update for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. 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 2021.

DESCRIPTION OF BUSINESS AND S28

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Nov. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Company Owned and/or Operated Major Motorsports Entertainment Facilities	As of November 30, 2017 , 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 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 ISM 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, 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 years ended November 30, (in thousands, except share and per share amounts): 2015 2016 2017 Numerator: Net income $ 56,634 $ 76,338 $ 110,823 Basic earnings per share denominator: Weighted average shares outstanding 46,621,211 45,981,471 44,648,586 Basic earnings per share: Income from continuing operations $ 1.21 $ 1.66 $ 2.48 Loss from discontinued operations Net income $ 1.21 $ 1.66 $ 2.48 Denominator: Weighted average shares outstanding 46,621,211 45,981,471 44,648,586 Common stock options 14,619 14,220 11,591 Diluted weighted average shares outstanding 46,635,830 45,995,691 44,660,177 Basic and diluted earnings per share $ 1.21 $ 1.66 $ 2.48 Anti-dilutive shares excluded in the computation of diluted earnings per share 98,928 81,292 51,403

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Nov. 30, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following as of November 30, (in thousands): 2016 2017 Land and leasehold improvements $ 244,337 $ 244,539 Buildings, grandstands and motorsports entertainment facilities 1,831,804 1,845,958 Furniture and equipment 258,510 266,622 Construction in progress 55,011 153,034 2,389,662 2,510,153 Less accumulated depreciation 934,156 1,030,410 $ 1,455,506 $ 1,479,743

RETIREMENTS OF LONG-LIVED ASS31

RETIREMENTS OF LONG-LIVED ASSETS (Tables)	12 Months Ended
	Nov. 30, 2017
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): 2015 2016 2017 Losses on retirements of long-lived assets $ 16,015 $ 2,905 $ 10,552 Less: cash portion of losses on asset retirements 12,525 506 904 Non-cash losses on retirements of long-lived assets $ 3,490 $ 2,399 $ 9,648

EQUITY AND OTHER INVESTMENTS (T

EQUITY AND OTHER INVESTMENTS (Tables)	12 Months Ended
	Nov. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
Distributions from Kansas Entertainment	Pre-tax distributions from Kansas Entertainment, for the years ended November 30, are recognized on the Company's consolidated statement of cash flows as follows (in thousands): 2015 2016 2017 Distribution from profits $ 15,209 $ 16,067 $ 20,274 Distribution in excess of profits 16,841 9,833 5,176 Total Distributions $ 32,050 $ 25,900 $ 25,450
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): 2015 2016 2017 Current assets $ 17,204 $ 15,856 $ 18,110 Noncurrent assets 196,164 177,479 166,457 Current liabilities 17,749 17,380 18,963 Noncurrent liabilities — — — Net sales 153,183 153,276 154,524 Gross profit 80,691 82,087 83,794 Operating income 30,417 32,136 40,548 Net income 30,417 32,136 40,548

GOODWILL AND INTANGIBLE ASSET33

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Nov. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets	as of November 30, are as follows (in thousands): 2016 Gross Accumulated Net 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 2017 Gross Accumulated Net 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 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, 2017 $ 2 Estimated amortization expense for the year ending November 30: 2018 2 2019 2 2020 2 2021 1 2022 15

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Nov. 30, 2017
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consists of the following as of November 30, (in thousands): 2016 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 $ (159 ) 3.95 percent Senior Notes 100,000 (328 ) 100,000 (286 ) 6.25 percent Term Loan 47,878 — 46,975 — TIF bond debt service funding commitment 52,145 (1,665 ) 49,368 (1,432 ) Revolving Credit Facility — — — — 265,023 (2,203 ) 261,343 (1,877 ) Less: current portion 3,738 (334 ) 4,091 (237 ) $ 261,285 $ (1,869 ) $ 257,252 $ (1,640 )
Schedule of Payments	Schedule of Payments (in thousands) For the year ending November 30: 2018 $ 4,091 2019 4,522 2020 5,326 2021 70,808 2022 6,326 Thereafter 170,607 261,680 Net premium (337 ) Total $ 261,343
Total Interest Expense Incurred	Total interest expense incurred by the Company for the years ended November 30, are as follows (in thousands): 2015 2016 2017 Interest expense $ 16,286 $ 16,038 $ 15,713 Less: capitalized interest 6,704 2,201 4,080 Net interest expense $ 9,582 $ 13,837 $ 11,633

FEDERAL AND STATE INCOME TAXE35

FEDERAL AND STATE INCOME TAXES (Tables)	12 Months Ended
	Nov. 30, 2017
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): 2015 2016 2017 Current tax expense (benefit): Federal $ 46,095 $ (27,061 ) $ 6,888 State 3,891 1,856 1,440 Deferred tax expense (benefit): Federal (15,164 ) 70,186 (10,912 ) State (514 ) 2,750 (3,041 ) Provision (benefit) for income taxes $ 34,308 $ 47,731 $ (5,625 )
Reconciliation of Federal Statutory Tax Rates to Income Tax Expense from Continuing Operations	The reconciliation of income tax expense (benefit) computed at the federal statutory tax rates to income tax expense (benefit) for the years ended November 30, is as follows (percent of pre-tax income): 2015 2016 2017 Income tax computed at federal statutory rates 35.0 % 35.0 % 35.0 % State income taxes, net of federal tax benefit 2.5 3.2 3.2 Investment in MA — — (43.8 ) Other, net 0.2 0.3 0.3 Effective income tax rate 37.7 % 38.5 % (5.3 )%
Components of Net Deferred Tax Assets (Liabilities)	The components of the net deferred tax assets (liabilities) at November 30, are as follows (in thousands): 2016 2017 Loss carryforwards $ 15,477 $ 13,739 Deferred revenues 1,529 1,249 Accruals 2,946 2,251 Compensation related 4,065 3,294 Interest 2,740 2,084 Equity investment — 860 Deferred tax assets 26,757 23,477 Valuation allowance (7,031 ) (2,116 ) Deferred tax assets, net of valuation allowance 19,726 21,361 Amortization and depreciation (428,828 ) (417,127 ) Equity investment (180 ) — Other (303 ) (280 ) Deferred tax liabilities (429,311 ) (417,407 ) Net deferred tax liabilities $ (409,585 ) $ (396,046 )
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, 2016 $ 311 Reductions for tax positions of prior years (40 ) Balance at November 30, 2017 $ 271

COMMITMENTS AND CONTINGENCIES36

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Nov. 30, 2017
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, 2017 , are as follows (in thousands): For the year ending November 30: Operating Agreement Operating Leases 2018 $ 55 $ 6,870 2019 55 5,522 2020 55 4,280 2021 55 3,950 2022 55 3,770 Thereafter 555 40,275 Total $ 830 $ 64,667

SUPPLEMENTAL DISCLOSURES OF C37

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION (Tables)	12 Months Ended
	Nov. 30, 2017
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): 2015 2016 2017 Income taxes paid $ 44,989 $ 24,392 $ 31,424 Interest paid $ 14,504 $ 14,199 $ 13,928

LONG-TERM STOCK INCENTIVE PLA38

LONG-TERM STOCK INCENTIVE PLAN (Tables)	12 Months Ended
	Nov. 30, 2017
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, 2017 , and changes during the fiscal year ended November 30, 2017 , is presented as follows: Restricted Shares Weighted- Average Grant- Date Fair Value (Per Share) Weighted- Average Remaining Contractual Term (Years) Unvested at November 30, 2016 389,993 $ 32.32 Granted 105,576 37.10 Vested (125,945 ) 28.78 Forfeited (590 ) 26.69 Unvested at November 30, 2017 369,034 34.91 3.5
Summary of Option Activity Under Stock Plan	A summary of option activity under the Stock Plan as of November 30, 2017 , 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, 2016 119,879 $ 37.23 Expired (37,340 ) 51.62 Exercised (20,295 ) 25.65 Forfeited — — Outstanding at November 30, 2017 62,244 32.37 1.3 $ 536,974 Vested and Exercisable at November 30, 2017 62,244 $ 32.37 1.3 $ 536,974

QUARTERLY DATA (UNAUDITED) (Tab

QUARTERLY DATA (UNAUDITED) (Tables)	12 Months Ended
	Nov. 30, 2017
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 2016 and 2017 (in thousands, except per share amounts): Fiscal Quarter Ended February 29, May 31, (2) August 31, (3) November 30, Total revenue $ 142,630 $ 167,561 $ 128,986 $ 221,839 Operating income (1) 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 Fiscal Quarter Ended February 28, May 31, (3) August 31, November 30, (4) Total revenue $ 147,954 $ 165,275 $ 131,940 $ 226,264 Operating income (1) 33,818 18,425 2,151 41,762 Net income 21,273 13,227 265 76,058 Basic and diluted earnings per share 0.47 0.29 0.01 1.72

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Nov. 30, 2017
Segment Reporting [Abstract]
Segment Reporting	The following table shows information by operating segment (in thousands): 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 For the Year Ended November 30, 2017 Motorsports Event All Other Total Revenues $ 639,615 $ 33,802 $ 673,417 Depreciation and amortization 104,885 4,848 109,733 Operating income (loss) 97,262 (1,106 ) 96,156 Equity investments income — 19,111 19,111 Capital expenditures 84,238 60,895 145,133 Total assets 1,644,116 564,076 2,208,192 Equity investments — 86,200 86,200

DESCRIPTION OF BUSINESS AND S41

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) Seat in Thousands, $ in Thousands	12 Months Ended
	Nov. 30, 2017USD ($)SeatPropertyEventSuite	Nov. 30, 2016USD ($)	Nov. 30, 2015USD ($)
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of major motorsports entertainment facilities owned and/or operated | Property	13
Number of grandstand seats | Seat	761
Number of suites | Suite	560
Sanction agreements period	1 year
Long-term deferred income | $	$ 8,251	$ 5,988
Advertising expense | $	17,200	17,700	$ 17,100
Preferred Access Speedway Seating Agreements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Long-term deferred income | $	$ 3,100	$ 3,800
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 (percent)	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 (percent)	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 (percent)	25.00%
Allocation of gross broadcast rights revenue retained by the promoter (percent)	65.00%
NASCAR Cup Series Events
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of motorsports entertainment facilities promoted events	21
NASCAR Xfinity 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 S42

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Company Owned and/or Operated Major Motorsports Entertainment Facilities (Details)	12 Months Ended
	Nov. 30, 2017mi
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 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
ISM 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, 2017
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, 2017	Aug. 31, 2017	May 31, 2017	Feb. 28, 2017	Nov. 30, 2016	Aug. 31, 2016	May 31, 2016	Feb. 29, 2016	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Earnings Per Share [Abstract]
Net income	$ 76,058	$ 265	$ 13,227	$ 21,273	$ 32,436	$ 2,173	$ 21,898	$ 19,831	$ 110,823	$ 76,338	$ 56,634
Income from continuing operations (in dollars per share)									$ 2.48	$ 1.66	$ 1.21
Net income (in dollars per share)									$ 2.48	$ 1.66	$ 1.21
Denominator:
Basic weighted average shares outstanding (in shares)									44,648,586	45,981,471	46,621,211
Common stock options (in shares)									11,591	14,220	14,619
Diluted weighted average shares outstanding (in shares)									44,660,177	45,995,691	46,635,830
Diluted earnings per share:
Basic and diluted earnings per share (in dollars per share)									$ 2.48	$ 1.66	$ 1.21
Anti-dilutive shares excluded in the computation of diluted earnings per share (in shares)									51,403	81,292	98,928

PROPERTY AND EQUIPMENT - Compo

PROPERTY AND EQUIPMENT - Components of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Nov. 30, 2016
Property, Plant and Equipment [Abstract]
Land and leasehold improvements	$ 244,539	$ 244,337
Buildings, grandstands and motorsports entertainment facilities	1,845,958	1,831,804
Furniture and equipment	266,622	258,510
Construction in progress	153,034	55,011
Property, plant and equipment, gross, total	2,510,153	2,389,662
Less accumulated depreciation	1,030,410	934,156
Property and equipment, net	$ 1,479,743	$ 1,455,506

PROPERTY AND EQUIPMENT - Addit

PROPERTY AND EQUIPMENT - Additional Information (Details) - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Property, Plant and Equipment [Line Items]
Depreciation, Depletion and Amortization	$ 109,700,000	$ 102,200,000	$ 94,700,000
ONE DAYTONA and The Phoenix Raceway Project
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 6,154,000	$ 0

RETIREMENTS OF LONG-LIVED ASS47

RETIREMENTS OF LONG-LIVED ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Impairment or Disposal of Tangible Assets Disclosure [Abstract]
Losses on retirements of long-lived assets	$ 10,552	$ 2,905	$ 16,015
Less: cash portion of losses on asset retirements	904	506	12,525
Non-cash losses on retirements of long-lived assets	$ 9,648	$ 2,399	$ 3,490

EQUITY AND OTHER INVESTMENTS -

EQUITY AND OTHER INVESTMENTS - Additional Information (Details) $ in Thousands	Aug. 05, 2013USD ($)a	Mar. 31, 2016USD ($)	May 31, 2017USD ($)	Nov. 30, 2017USD ($)	Nov. 30, 2016USD ($)	Nov. 30, 2015USD ($)	Feb. 29, 2016USD ($)
Schedule of Equity Method Investments [Line Items]
Equity in net income from equity investments				$ 19,111	$ 14,913	$ 14,060
Distribution in excess of profits				20,274	$ 16,067	15,209
Expected incremental cash flow over the next several years when combined with the net proceeds and cash tax benefit				$ 129,800
380 Development
Schedule of Equity Method Investments [Line Items]
Number of acres 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 (percent)				50.00%	50.00%
Equity in net income from equity investments				$ 19,100	$ 14,900	$ 14,100
Daytona Hotel Two, LLC (Fairfield)
Schedule of Equity Method Investments [Line Items]
Ownership interest in joint venture (percent)				33.25%
Autograph
Schedule of Equity Method Investments [Line Items]
Ownership interest in joint venture (percent)				34.00%
Subsidiary 380 Development Limited Liability Company
Schedule of Equity Method Investments [Line Items]
Ownership interest in joint venture (percent)	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 (percent)	7.00%
Future proceeds of purchase price							$ 66,400
Equity Method Investment, Additional Consideration Received		$ 300
Equity Method Investment, Gain Recognized			$ 13,600
Deferred profit			1,900
Accrued interest on deferred profit			$ 11,400

EQUITY AND OTHER INVESTMENTS 49

EQUITY AND OTHER INVESTMENTS - Distributions from Kansas Entertainment (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Equity Method Investments and Joint Ventures, Distributions [Line Items]
Equity investments income/(loss)	$ 19,111	$ 14,913	$ 14,060
Distribution in excess of profits	20,274	16,067	15,209
Total Distributions	25,450	25,900	32,050
Kansas Entertainment Limited Liability Company | Cash Distribution
Equity Method Investments and Joint Ventures, Distributions [Line Items]
Equity investments income/(loss)	20,274	16,067	15,209
Distribution in excess of profits	$ 5,176	$ 9,833	$ 16,841

EQUITY AND OTHER INVESTMENTS 50

EQUITY AND OTHER INVESTMENTS - Summarized Financial Information of Equity Investments (Details) - Other Equity Investments - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Schedule of Equity Method Investments [Line Items]
Current assets	$ 18,110	$ 15,856	$ 17,204
Noncurrent assets	166,457	177,479	196,164
Current liabilities	18,963	17,380	17,749
Noncurrent liabilities	0	0	0
Net sales	154,524	153,276	153,183
Gross profit	83,794	82,087	80,691
Operating income	40,548	32,136	30,417
Net income	$ 40,548	$ 32,136	$ 30,417

GOODWILL AND INTANGIBLE ASSET51

GOODWILL AND INTANGIBLE ASSETS - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	Nov. 30, 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: | 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	802	793
Net Carrying Amount	$ 802	$ 793

GOODWILL AND INTANGIBLE ASSET52

GOODWILL AND INTANGIBLE ASSETS - Current and Expected Amortization Expense of Intangible Assets (Details) $ in Thousands	12 Months Ended
	Nov. 30, 2017USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense for the year ended November 30, 2017	$ 2
Estimated amortization expense for the year ending November 30:
2,018	2
2,019	2
2,020	2
2,021	1
2,022	$ 15

GOODWILL AND INTANGIBLE ASSET53

GOODWILL AND INTANGIBLE ASSETS - Additional Information (Details) - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in carrying value of goodwill		$ 0
Goodwill impairment	$ 400,000

LONG-TERM DEBT - Additional In

LONG-TERM DEBT - Additional Information (Details)	12 Months Ended
	Nov. 30, 2017USD ($)Year	Nov. 30, 2016USD ($)
Debt Disclosure [Line Items]
Debt outstanding amount	$ 261,343,000	$ 265,023,000
Long-term debt	261,343,000
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	2,000,000
Financing costs deferred	3,300,000	$ 3,600,000
2012 Credit Facility | Revolving Credit Facility
Debt Disclosure [Line Items]
Outstanding borrowings	$ 0
2012 Credit Facility | LIBOR | Minimum
Debt Disclosure [Line Items]
Debt instrument basis points	1.00%
2012 Credit Facility | LIBOR | Maximum
Debt Disclosure [Line Items]
Debt instrument basis points	1.625%
4.63 percent Senior Notes
Debt Disclosure [Line Items]
Proceeds from long-term debt	$ 65,000,000
Debt, interest rate (percent)	4.63%	4.63%
Debt, due date	2021-01
Frequency of periodic payment	semi-annual
Maximum leverage ratio	3.50
Minimum interest coverage ratio	2
Maximum net worth percent	15.00%
Debt outstanding amount	$ 65,000,000	$ 65,000,000
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 (percent)	3.95%	3.95%
Maximum leverage ratio	3.50
Maximum net worth percent	15.00%
Debt outstanding amount	$ 100,000,000	$ 100,000,000
6.25 percent Term Loan
Debt Disclosure [Line Items]
Debt, interest rate (percent)	6.25%	6.25%
Debt, due date	2034-10
Debt term | Year	25
Debt, monthly payment	$ 323,000
TIF bond debt service funding commitment
Debt Disclosure [Line Items]
Debt outstanding amount	$ 49,368,000	$ 52,145,000
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 2027
Debt Disclosure [Line Items]
Debt, interest rate (percent)	675.00%
Long-term debt	$ 49,700,000
Debt, maturity date	Dec. 1, 2027
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]
Commitment fee (percent)	0.125%
2012 Credit Facility | Maximum
Debt Disclosure [Line Items]
Commitment fee (percent)	0.225%
2012 Credit Facility | 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, 2017	Nov. 30, 2016
Debt Instrument [Line Items]
Debt outstanding amount	$ 261,343	$ 265,023
Unamortized Discount and Debt Issuance Costs	1,877	2,203
Current portion of principal	4,091	3,738
Current portion of Unamortized discount and debt issuance costs	(237)	(334)
Non-current portion of principal	257,252	261,285
Non-current portion of Unamortized discount and debt issuance costs	(1,640)	(1,869)
4.63 percent Senior Notes
Debt Instrument [Line Items]
Debt outstanding amount	65,000	65,000
Unamortized Discount and Debt Issuance Costs	159	210
3.95 percent Senior Notes
Debt Instrument [Line Items]
Debt outstanding amount	100,000	100,000
Unamortized Discount and Debt Issuance Costs	286	328
6.25 percent Term Loan
Debt Instrument [Line Items]
Debt outstanding amount	46,975	47,878
Unamortized Discount and Debt Issuance Costs	0	0
TIF bond debt service funding commitment
Debt Instrument [Line Items]
Debt outstanding amount	49,368	52,145
Unamortized Discount and Debt Issuance Costs	1,432	1,665
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, 2017	Nov. 30, 2016
4.63 percent Senior Notes
Debt Instrument [Line Items]
Debt, interest rate (percent)	4.63%	4.63%
3.95 percent Senior Notes
Debt Instrument [Line Items]
Debt, interest rate (percent)	3.95%	3.95%
6.25 percent Term Loan
Debt Instrument [Line Items]
Debt, interest rate (percent)	6.25%	6.25%

LONG-TERM DEBT - Schedule of P

LONG-TERM DEBT - Schedule of Payments (Details) $ in Thousands	Nov. 30, 2017USD ($)
Debt Disclosure [Abstract]
2,018	$ 4,091
2,019	4,522
2,020	5,326
2,021	70,808
2,022	6,326
Thereafter	170,607
Debt outstanding amount	261,680
Net premium	(337)
Total	$ 261,343

LONG-TERM DEBT - Schedule of I

LONG-TERM DEBT - Schedule of Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Debt Disclosure [Abstract]
Interest expense	$ 15,713	$ 16,038	$ 16,286
Less: capitalized interest	4,080	2,201	6,704
Net interest expense	$ 11,633	$ 13,837	$ 9,582

FEDERAL AND STATE INCOME TAXE59

FEDERAL AND STATE INCOME TAXES - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Aug. 31, 2017	Nov. 30, 2018	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Income Taxes [Line Items]
Loss carryforwards			$ 13,739	$ 15,477
Deferred tax asset representing tax benefit associated with basis of shares in MA			$ 860	$ 0
Basis in MA used to calculate the tax benefit	$ 122,200
Impaired deferred tax asset resulting in charge to income tax expense	$ 2,100
Income tax computed at federal statutory rates (percent)			35.00%	35.00%	35.00%
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			2,013
Internal Revenue Service (IRS) | Maximum
Income Taxes [Line Items]
Open tax year			2,016
State Jurisdiction
Income Taxes [Line Items]
Loss carryforwards			$ 13,700
Open tax years			2010 through 2014
State Jurisdiction | Minimum
Income Taxes [Line Items]
Loss carryforwards, expiration year			2,019
Open tax year			2,012
State Jurisdiction | Maximum
Income Taxes [Line Items]
Open tax year			2,016
Placed Into Service Between 2015 and 2017
Income Taxes [Line Items]
Bonus depreciation provision (percent)	50.00%
Placed Into Service in 2018
Income Taxes [Line Items]
Bonus depreciation provision (percent)	40.00%
Placed Into Service in 2019
Income Taxes [Line Items]
Bonus depreciation provision (percent)	30.00%
Scenario, Forecast
Income Taxes [Line Items]
Income tax computed at federal statutory rates (percent)		21.00%

FEDERAL AND STATE INCOME TAXE60

FEDERAL AND STATE INCOME TAXES - Significant Components of the Provision for Income Taxes from Continuing Operations (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Current tax expense (benefit):
Federal		$ 6,888	$ (27,061)	$ 46,095
State		1,440	1,856	3,891
Deferred tax expense (benefit):
Federal		(10,912)	70,186	(15,164)
State		(3,041)	2,750	(514)
Provision (benefit) for income taxes	$ (48,200)	$ (5,625)	$ 47,731	$ 34,308

FEDERAL AND STATE INCOME TAXE61

FEDERAL AND STATE INCOME TAXES - Reconciliation of Federal Statutory Tax Rates to Income Tax Expense from Continuing Operations (Details)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
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%	3.20%	2.50%
Investment in MA	(43.80%)	0.00%	0.00%
Other, net	0.30%	0.30%	0.20%
Effective income tax rate (percent)	(5.30%)	38.50%	37.70%

FEDERAL AND STATE INCOME TAXE62

FEDERAL AND STATE INCOME TAXES - Components of Net Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Nov. 30, 2016
Income Tax Disclosure [Abstract]
Loss carryforwards	$ 13,739	$ 15,477
Deferred revenues	1,249	1,529
Accruals	2,251	2,946
Compensation related	3,294	4,065
Interest	2,084	2,740
Equity investment	860	0
Deferred tax assets	23,477	26,757
Valuation allowance	(2,116)	(7,031)
Deferred tax assets, net of valuation allowance	21,361	19,726
Amortization and depreciation	(417,127)	(428,828)
Equity investment	0	(180)
Other	(280)	(303)
Deferred tax liabilities	(417,407)	(429,311)
Net deferred tax liabilities	$ (396,046)	$ (409,585)

FEDERAL AND STATE INCOME TAXE63

FEDERAL AND STATE INCOME TAXES - Reconciliation of Unrecognized Tax Liability (Details) $ in Thousands	12 Months Ended
	Nov. 30, 2017USD ($)
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning Balance	$ 311
Reductions for tax positions of prior years	(40)
Ending Balance	$ 271

CAPITAL STOCK (Details)

CAPITAL STOCK (Details)	1 Months Ended	12 Months Ended
	Apr. 30, 2017USD ($)$ / shares	Nov. 30, 2017USD ($)Vote$ / sharesshares	Nov. 30, 2016USD ($)$ / sharesshares	Nov. 30, 2015USD ($)shares
Schedule of Capitalization, Equity [Line Items]
Preferred Stock, shares authorized		1,000,000
Preferred Stock, par value | $ / shares		$ 0.01
Preferred stock outstanding (shares)		0
Approved annual dividend (in dollars per share) | $ / shares	$ 0.43
Cash dividends paid | $	$ 19,200,000	$ 19,241,000	$ 18,859,000	$ 12,127,000
Class A Common Stock
Schedule of Capitalization, Equity [Line Items]
Common Stock, shares authorized (in shares)		80,000,000	80,000,000
Common Stock, par value (in per share) | $ / shares		$ 0.01	$ 0.01
Common Stock, votes per share | Vote		0.2
Class B Common Stock
Schedule of Capitalization, Equity [Line Items]
Common Stock, shares authorized (in shares)		40,000,000	40,000,000
Common Stock, par value (in per share) | $ / shares		$ 0.01	$ 0.01
Common Stock, votes per share | Vote		1
Common Stock, conversion rate | Vote		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 | Class A Common Stock
Schedule of Capitalization, Equity [Line Items]
Common Stock, shares authorized (in shares)		80,000,000
Stock Purchase Plan, authorized purchase amount | $		$ 530,000,000
Stock Purchase Plan, purchased shares to date		9,701,401
Stock Purchase Plan, purchased amount to date | $		$ 358,400,000
Shares purchased in period (shares)		1,000,000	1,700,000	0
Average cost of shares purchased (in dollars per share) | $ / shares		$ 35.76	$ 33.25
Stock purchased in period | $		$ 35,000,000	$ 55,100,000
Stock Purchase Plan, remaining repurchase authority | $		$ 171,600,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($)	1 Months Ended	12 Months Ended
	Oct. 31, 2002	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
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		$ 1,800,000	$ 1,700,000	$ 1,700,000
Estimated cost to complete approved projects and current construction in progress		171,700,000
Administrative costs to complete approved projects and current construction in progress		4,500,000	4,100,000
Long-term debt		261,343,000
Operating leases and all other short-term rentals expense		14,700,000	$ 13,700,000	$ 14,400,000
Standby letter of credit agreements in favor of third parties		500,000,000
2002 STAR Bonds
Commitments and Contingencies Disclosure [Line Items]
Proceeds from long-term debt	$ 6,300,000
Frequency of periodic payment	annual
Debt, maturity date	Dec. 1, 2022
Long-term debt		700,000
Standby Letters 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 letters of credit		$ 0

COMMITMENTS AND CONTINGENCIES66

COMMITMENTS AND CONTINGENCIES - Future Minimum Payments Under Operating Agreement and Leases (Details) $ in Thousands	Nov. 30, 2017USD ($)
Operating Agreement
2,018	$ 55
2,019	55
2,020	55
2,021	55
2,022	55
Thereafter	555
Total	830
Operating Leases
2,018	6,870
2,019	5,522
2,020	4,280
2,021	3,950
2,022	3,770
Thereafter	40,275
Total	$ 64,667

RELATED PARTY DISCLOSURES AND67

RELATED PARTY DISCLOSURES AND TRANSACTIONS (Details) - USD ($)	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Related Party Transaction [Line Items]
Prize and point fund monies paid to NASCAR	$ 178,400,000	$ 171,800,000	$ 167,800,000
Receivables due from NASCAR and its affiliates	22,100,000	21,300,000
Net amount received (paid) from related party	10,300,000	10,200,000	10,200,000
Revenue from related party for tickets and track rental fees	$ 121,505,000	123,521,000	130,154,000
Majority Shareholder
Related Party Transaction [Line Items]
France Family Group, which contains NASCAR, ownership of voting interest in the Company	74.10%
NASCAR
Related Party Transaction [Line Items]
Prize and point fund monies paid to NASCAR	$ 93,300,000	89,600,000	87,200,000
Allocation of broadcast rights fees for each NASCAR Sprint Cup, Nationwide or Camping World Truck series event (percent)	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	$ 337,400,000	325,100,000	314,500,000
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 (percent)	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 (percent)	25.00%
Allocation of gross broadcast rights revenue retained by the promoter (percent)	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	$ 1,200,000	1,300,000	1,300,000
AMA Pro Racing
Related Party Transaction [Line Items]
Net amount received (paid) from related party	200,000
Sanction fees	100,000	100,000	100,000
Certain members of the France Family Group
Related Party Transaction [Line Items]
Net amount received (paid) from related party	504,000	306,000	456,000
Crotty, Bartlett & Kelly, P.A. ("Crotty, Bartlett & Kelly")
Related Party Transaction [Line Items]
Professional fees	0	36,000	39,000
Brown & Brown, Inc.
Related Party Transaction [Line Items]
Professional fees	519,000	555,000	517,000
Proceeds from sale of track facility rentals	10,000	0	0
Christy F. Harris
Related Party Transaction [Line Items]
Professional fees	$ 158,000	$ 97,000	$ 35,000

SUPPLEMENTAL DISCLOSURES OF C68

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Supplemental Cash Flow Information [Abstract]
Income taxes paid	$ 31,424	$ 24,392	$ 44,989
Interest paid	$ 13,928	$ 14,199	$ 14,504

LONG-TERM STOCK INCENTIVE PLA69

LONG-TERM STOCK INCENTIVE PLAN - Additional Information (Details)	12 Months Ended
	Nov. 30, 2017USD ($)CompensationPlan$ / sharesshares	Nov. 30, 2016USD ($)$ / sharesshares	Nov. 30, 2015USD ($)$ / sharesshares	Apr. 30, 2006shares
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Number of share-based compensation plans | CompensationPlan	3
Stock-based compensation | $	$ 2,700,000	$ 3,700,000	$ 2,900,000
Total income tax benefit recognized for share-based compensation arrangements | $	$ 1,300,000	$ 1,500,000	$ 1,200,000
Options granted in period	0	0	0
Options exercised in period	20,295	5,321	0
Total intrinsic value of options exercised | $	$ 500,000	$ 600,000
Actual tax benefit realized for the tax deductions from exercise of the stock options | $	$ 84,090	20,251
Restricted Stock Units (RSUs)
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Share awarded and issued	105,576
Weighted average grant date fair value | $ / shares	$ 37.10
Unrecognized compensation cost | $	$ 6,000,000
Unrecognized compensation cost period of recognition	3 years 6 months
Total fair value vested | $	$ 4,700,000	$ 2,300,000	$ 3,700,000
Restricted Stock Units (RSUs) | Certain Officers and Managers
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Share awarded and issued	98,295	92,583	89,343
Weighted average grant date fair value | $ / shares	$ 37.10	$ 33.49	$ 36.36
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	7,281	8,073	8,190
Weighted average grant date fair value | $ / shares	$ 37.55	$ 33.45	$ 36.67
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	1,000,000
Employee Stock Plan, 2006 Plan
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Number of shares authorized for grant				1,000,000
2017 Long-Term Stock Incentive Plan
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Number of shares authorized for grant	1,500,000

LONG-TERM STOCK INCENTIVE PLA70

LONG-TERM STOCK INCENTIVE PLAN - Summary of Status of Restricted Stock (Details) - Restricted Stock Units (RSUs)	12 Months Ended
	Nov. 30, 2017$ / sharesshares
Restricted Shares
Unvested at beginning of period | shares	389,993
Granted | shares	105,576
Vested | shares	(125,945)
Forfeited | shares	(590)
Unvested at end of period | shares	369,034
Weighted-Average Grant-Date Fair Value (Per Share)
Unvested at beginning of period | $ / shares	$ 32.32
Granted | $ / shares	37.10
Vested | $ / shares	28.78
Forfeited | $ / shares	26.69
Unvested at end of period | $ / shares	$ 34.91
Weighted-Average Remaining Contractual Term
Unvested at end of period	3 years 6 months

LONG-TERM STOCK INCENTIVE PLA71

LONG-TERM STOCK INCENTIVE PLAN - Summary of Option Activity Under Stock Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Options Shares
Outstanding at beginning of period	119,879
Expired	(37,340)
Exercised	(20,295)	(5,321)	0
Forfeited	0
Outstanding at end of period	62,244	119,879
Exercisable at end of period	62,244
Options Weighted-Average Exercise Price
Outstanding at beginning of period	$ 37.23
Expired	51.62
Exercised	25.65
Forfeited	0
Outstanding at end of period	32.37	$ 37.23
Exercisable at end of period	$ 32.37
Options Weighted-Average Remaining Contractual Term
Outstanding at end of period	1 year 3 months 18 days
Exercisable at end of period	1 year 3 months 18 days
Options Aggregate Intrinsic Value
Outstanding at end of period	$ 536,974
Exercisable at end of period	$ 536,974

FINANCIAL INSTRUMENTS (Details)

FINANCIAL INSTRUMENTS (Details) $ in Millions	Nov. 30, 2017USD ($)
Fair Value, Inputs, Level 1
Fair Value, Measurement Inputs, Disclosure [Line Items]
Money market funds	$ 210.7
Fair Value, Inputs, Level 2
Fair Value, Measurement Inputs, Disclosure [Line Items]
Long-term debt excluding credit facilities, fair value	272.7
Long-term debt excluding credit facilities, carrying amount	$ 261.3

QUARTERLY DATA (UNAUDITED) (Det

QUARTERLY DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Nov. 30, 2017	Aug. 31, 2017	May 31, 2017	Feb. 28, 2017	Nov. 30, 2016	Aug. 31, 2016	May 31, 2016	Feb. 29, 2016	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$ 226,264	$ 131,940	$ 165,275	$ 147,954	$ 221,839	$ 128,986	$ 167,561	$ 142,630	$ 671,433	$ 661,016	$ 645,370
Operating income	41,762	2,151	18,425	33,818	51,245	3,737	23,679	31,166	96,156	109,827	85,577
Net income	$ 76,058	$ 265	$ 13,227	$ 21,273	$ 32,436	$ 2,173	$ 21,898	$ 19,831	$ 110,823	$ 76,338	$ 56,634
Basic and diluted earnings per share (in dollars per share)	$ 1.72	$ 0.01	$ 0.29	$ 0.47	$ 0.72	$ 0.05	$ 0.47	$ 0.43

QUARTERLY DATA (UNAUDITED) - Ad

QUARTERLY DATA (UNAUDITED) - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Nov. 30, 2017	Aug. 31, 2017	May 31, 2017	Feb. 28, 2017	Nov. 30, 2016	Aug. 31, 2016	May 31, 2016	Feb. 29, 2016	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Quarterly Financial Information Disclosure [Abstract]
Loss on retirements of long-lived assets	$ 10,000	$ 100	$ 400	$ 100	$ 1,800	$ 200	$ 100	$ 900
Other income			$ 1,000			$ 1,100	13,600
Profit recognized							1,900		$ 16,971	$ 18,330	$ 16,096
Interest income							$ 11,400
Material income tax benefit recognized	$ 48,200								$ 5,625	$ (47,731)	$ (34,308)

SEGMENT REPORTING - Additional

SEGMENT REPORTING - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Segment Reporting Disclosure [Line Items]
Revenues	$ 673,417	$ 663,166	$ 647,469
Intersegment Elimination
Segment Reporting Disclosure [Line Items]
Revenues	$ 2,000	$ 2,200	$ 2,100

SEGMENT REPORTING - Financial

SEGMENT REPORTING - Financial Information by Operating Segment (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Nov. 30, 2017	Aug. 31, 2017	May 31, 2017	Feb. 28, 2017	Nov. 30, 2016	Aug. 31, 2016	May 31, 2016	Feb. 29, 2016	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Segment Reporting Information [Line Items]
Revenues									$ 673,417	$ 663,166	$ 647,469
Depreciation and amortization									109,733	102,156	94,727
Operating income	$ 41,762	$ 2,151	$ 18,425	$ 33,818	$ 51,245	$ 3,737	$ 23,679	$ 31,166	96,156	109,827	85,577
Equity investments income/(loss)									19,111	14,913	14,060
Capital expenditures									145,133	140,793	155,016
Total assets	2,208,192				2,172,660				2,208,192	2,172,660	2,122,199
Equity investments	86,200				92,392				86,200	92,392	103,249
Motorsports Event
Segment Reporting Information [Line Items]
Revenues									639,615	630,213	607,483
Depreciation and amortization									104,885	97,816	89,823
Operating income									97,262	107,690	89,395
Equity investments income/(loss)									0	0	0
Capital expenditures									84,238	100,644	144,641
Total assets	1,644,116				1,651,845				1,644,116	1,651,845	1,682,700
Equity investments	0				0				0	0	0
All Other
Segment Reporting Information [Line Items]
Revenues									33,802	32,953	39,986
Depreciation and amortization									4,848	4,340	4,904
Operating income									(1,106)	2,137	(3,818)
Equity investments income/(loss)									19,111	14,913	14,060
Capital expenditures									60,895	40,149	10,375
Total assets	564,076				520,815				564,076	520,815	439,499
Equity investments	$ 86,200				$ 92,392				$ 86,200	$ 92,392	$ 103,249

Schedule II - Valuation and Q77

Schedule II - Valuation and Qualifying Accounts (Details) - Allowance for Doubtful Accounts - USD ($) $ in Thousands		12 Months Ended
		Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance beginning of period		$ 1,000	$ 1,000	$ 1,000
Additions charged to costs and expenses		53	94	260
Deductions	[1]	53	94	260
Balance at end of period		$ 1,000	$ 1,000	$ 1,000
[1]	Uncollectible accounts written off, net of recoveries.