Speedway Motorsports (TRK) 10-Q 27 Apr 18 2018 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 25, 2018
Document Information [Line Items]
Entity Registrant Name	SPEEDWAY MOTORSPORTS INC
Entity Central Index Key	934,648
Trading Symbol	trk
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		40,964,980
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents	$ 58,915,000	$ 81,924,000
Accounts receivable, net (Note 2)	40,173,000	28,459,000
Prepaid and refundable income taxes	3,790,000	2,135,000
Inventories, net	8,112,000	7,283,000
Prepaid expenses	3,461,000	3,533,000
Total Current Assets	114,451,000	123,334,000
Notes Receivable	753,000	799,000
Other Assets	23,948,000	23,724,000
Property and Equipment, Net (Note 2)	959,058,000	958,215,000
Other Intangible Assets, Net	298,383,000	298,383,000
Goodwill	46,225,000	46,225,000
Total	1,442,818,000	1,450,680,000
Current Liabilities:
Current maturities of long-term debt	7,667,000	7,662,000
Accounts payable	15,324,000	12,017,000
Deferred race event and other income, net (Note 2)	74,461,000	40,779,000
Accrued income taxes	453,000	383,000
Accrued interest	1,720,000	4,307,000
Accrued expenses and other current liabilities	15,002,000	23,585,000
Total Current Liabilities	93,143,000	88,733,000
Long-term Debt	216,589,000	219,452,000
Deferred Income (Note 2)	2,929,000	3,054,000
Deferred Income Taxes, Net	202,168,000	201,760,000
Other Liabilities	18,546,000	18,458,000
Total Liabilities	533,375,000	531,457,000
Commitments and Contingencies
Stockholders’ Equity:
Preferred Stock, $.10 par value, shares authorized – 3,000,000, no shares issued
Common Stock, $.01 par value, shares authorized – 200,000,000, issued and outstanding – 40,965,000 in 2018 and 40,992,000 in 2017	462,000	461,000
Additional Paid-in Capital	263,731,000	262,885,000
Retained Earnings	758,921,000	767,859,000
Treasury Stock at cost, shares – 5,224,000 in 2018 and 5,137,000 in 2017	(113,671,000)	(111,982,000)
Total Stockholders’ Equity	909,443,000	919,223,000
Total	$ 1,442,818,000	$ 1,450,680,000

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Preferred stock par value (in dollars per share)	$ 0.10	$ 0.10
Preferred stock, shares authorized (in shares)	3,000,000	3,000,000
Preferred stock, shares issued (in shares)	0	0
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, shares authorized (in shares)	200,000,000	200,000,000
Common Stock, shares issued (in shares)	40,965,000	40,992,000
Common Stock, shares outstanding (in shares)	40,965,000	40,992,000
Treasury Stock at cost, shares (in shares)	5,224,000	5,137,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Revenues	$ 74,364	$ 76,444
Expenses and Other:
General and administrative	24,393	22,586
Depreciation and amortization (Note 2)	13,090	17,505
Interest expense, net	2,957	3,005
Other expense, net	51	578
Total Expenses and Other	78,169	80,450
Loss Before Income Taxes	(3,805)	(4,006)
Benefit from Income Taxes	1,091	2,071
Net Loss	$ (2,714)	$ (1,935)
Basic Loss Per Share (Note 6) (in dollars per share)	$ (0.07)	$ (0.05)
Weighted Average Shares Outstanding (in shares)	40,982	41,087
Diluted Loss Per Share (Note 6) (in dollars per share)	$ (0.07)	$ (0.05)
Weighted Average Shares Outstanding (in shares)	41,002	41,108
Admissions [Member]
Revenues:
Revenues	$ 10,863	$ 14,750
Event Related [Member]
Revenues:
Revenues	19,390	18,959
NASCAR Broadcasting Revenue [Member]
Revenues:
Revenues	36,741	34,930
Other Operating Revneues [Member]
Revenues:
Revenues	7,370	7,805
Direct Expense of Events [Member]
Expenses and Other:
Cost of goods and services sold	12,254	12,457
NASCAR Event Management Fees [Member]
Expenses and Other:
Cost of goods and services sold	20,552	19,179
Other Direct Operating Expense [Member]
Expenses and Other:
Cost of goods and services sold	$ 4,872	$ 5,140

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity (Unaudited) - 3 months ended Mar. 31, 2018 - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Dec. 31, 2017	40,992
Balance at Dec. 31, 2017	$ 461	$ 262,885	$ 767,859	$ (111,982)	$ 919,223
Net income (loss)			(2,714)		(2,714)
Share-based compensation (in shares)	60
Share-based compensation	$ 1	846			847
Quarterly cash dividends of $0.15 per share of common stock			(6,224)		(6,224)
Repurchases of common stock (in shares)	(87)
Repurchases of common stock				(1,689)	(1,689)
Balance (in shares) at Mar. 31, 2018	40,965
Balance at Mar. 31, 2018	$ 462	$ 263,731	$ 758,921	$ (113,671)	$ 909,443

Consolidated Statement of Stoc6

Consolidated Statement of Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	Feb. 12, 2018	Mar. 31, 2018
Cash dividends, per share of common stock (in dollars per share)	$ 0.15	$ 0.15

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash Flows from Operating Activities:
Net income (loss)	$ (2,714)	$ (1,935)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:
Deferred loan cost amortization	377	387
Loss on disposals of property and equipment and other assets	13	477
Depreciation and amortization	13,090	17,505
Amortization of deferred income	(167)	(182)
Deferred income tax provision	525	(288)
Share-based compensation	847	809
Changes in operating assets and liabilities:
Accounts receivable (Note 2)	(11,711)	(36,599)
Prepaid, refundable and accrued income taxes	(1,585)	(1,758)
Inventories	(829)	(337)
Prepaid expenses	72	115
Accounts payable	914	92
Deferred race event and other income (Note 2)	12,206	24,774
Accrued interest	(2,587)	(2,593)
Accrued expenses and other liabilities	(7,895)	(8,171)
Deferred income	34	49
Other assets and liabilities	(346)	(115)
Net Cash Provided (Used) By Operating Activities	244	(7,770)
Cash Flows from Financing Activities:
Principal payments on long-term debt	(3,162)	(3,157)
Dividend payments on common stock	(6,224)	(6,241)
Repurchases of common stock	(1,689)	(1,899)
Net Cash Used By Financing Activities	(11,075)	(11,297)
Cash Flows from Investing Activities:
Payments for capital expenditures	(11,291)	(7,054)
(Payments for disposal) proceeds of sales of property and equipment	(930)	43
Repayment of notes and other receivables	43	321
Net Cash Used By Investing Activities	(12,178)	(6,690)
Net Decrease in Cash and Cash Equivalents	(23,009)	(25,757)
Cash and Cash Equivalents at Beginning of Period	81,924	79,342
Cash and Cash Equivalents at End of Period	58,915	53,585
Supplemental Cash Flow Information:
Cash paid for interest, net of amounts capitalized	5,635	5,846
Supplemental Non-Cash Investing and Financing Activities Information:
Increase in accounts payable for capital expenditures	$ 2,643	$ 2,502

Note 1 - Description of Busines

Note 1 - Description of Business	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Nature of Operations [Text Block]	1. Basis of Presentation no no 1 2 2017 10 2017 Racing Events 2018, 24 13 11 eight five three two six one three 2017, 24 13 11 eight three four two six one three 2018 one one 2018.

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies and Other Disclosures	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. These unaudited consolidated financial statements should be read in conjunction with our consolidated financial statements included in our 2017 not may 2 2017 NASCAR Broadcasting Revenues and NASCAR Event Management (formerly purse and sanction) Fees 10% 25% 10% not $3,881,000 three March 31, 2017 (c $4,082,000 three March 31, 2018). no Quarterly Reporting three March 31, 2018 2017 • Poor weather surrounded Monster Energy NASCAR Cup race weekends at AMS and LVMS in the first 2018 • LVMS held one first 2018 not Consolidated Statements of Cash Flows – three March 31, 2018 2017 March 2017 and collected in April 2017 ( 30 February 2018). Income Taxes may no 2 8 2017 The effective income tax rate for the three March 31, 2018 2017 28.7% 51.7%, 2018 2017 $1,310,000 $515,000. no three March 31, 2018 2017. Accounting for Uncertainty in Income Taxes $11,711,000 March 31, 2018 December 31, 2017, $11,534,000 $177,000 March 31, 2018 December 31, 2017. March 31, 2018 December 31, 2017, $0 twelve three March 31, 2018 2017. March 31, 2018 December 31, 2017, $359,000 $241,000 2015 2016 2013 2016 December 2017 – December 22, 2017, January 1, 2018, 35% 21%, 100% 2022, one As of December 31, 2017, no 2018 fourth may may Income Tax Benefits may March 31, 2018 December 31, 2017, $11.7 not no not Advertising Expenses $1,735,000 $1,604,000 three March 31, 2018 2017. no March 31, 2018 December 31, 2017. TMS Mineral Rights Lease Receipts $396,000 $448,000 three March 31, 2018 2017 no 25% 2017, 2018 not 2017, 2017. March 31, 2018 December 31, 2017, no Fair Value of Financial Instruments no The following table presents estimated fair values and categorization levels of our financial instruments as of March 31, 2018 December 31, 2017 ( 2018 2017 Level Class Carrying Value Fair Value Carrying Value Fair Value Assets Cash and cash equivalents 1 R $ 58,915 $ 58,915 $ 81,924 $ 81,924 Note receivable 2 NR 753 753 799 799 Cash surrender values 2 NR 9,977 9,977 9,822 9,822 Liabilities Floating rate revolving Credit Facility, including Term Loan 2 NR 27,000 27,000 30,000 30,000 5.125% Senior Notes Payable due 2023 2 NR 200,000 199,140 200,000 205,000 Other long-term debt 2 NR 887 887 1,049 1,049 Level 1 Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs that are not Class R: Measured at fair value on recurring basis, subsequent to initial recognition. Class NR: Measured at fair value on nonrecurring basis, subsequent to initial recognition. Property and Equipment first 2017, $4,597,000, $1,700,000, first 2017. 10 Recently Issued Accounting Standards No. 2016 15 23 eight December 15, 2017, January 1, 2018 no The FASB issued Accounting Standards Update No. 2016 02 842 may December 15, 2018, may The FASB issued Accounting Standards Update No. 2018 01 842 842" not not not not not No. 2016 02 may Revenue from Contracts with Customers January 1, 2018, No. 2014 09 606 606 five not no not no Balance Sheet Impact of Adoption 606 not not 606, $16,229,000 March 31, 2018. Di saggregated Revenues 10 no Three Months Ended March 31: 2018 2017 Admissions $ 10,863 $ 14,750 NASCAR broadcasting 36,741 34,930 Sponsorships and other event related 17,946 17,362 Souvenir and other merchandise 4,426 4,737 Other 4,388 4,665 Total Revenue 74,364 76,444 The following describes the composition of our disaggregated revenues and associated performance obligations: Admissions NASCAR Broadcasting five 2020. Sponsorships and Other Event Related not one We derive other event related revenue from various marketing agreements for on-site advertising, hospitality and other promotion related activities. We derive revenue based commissioned payments from a long-term contracted third Souvenir and Other Merchandise third third not Other Accounting Recognition for E vent Related R evenues and Associated Net Deferred Event Income If circumstances prevent a race from being held during the racing season: (i) generally advance revenue is refundable and (ii) all deferred direct event expenses would be immediately recognized except for race event management fees which would be refundable from NASCAR or other sanctioning bodies, and (iii) sales and admission taxes would be refundable from taxing authorities. Management believes this accounting policy results in appropriate matching of revenues and expenses associated with our racing events and helps ensure comparability and consistency between our financial statements. Advance revenues, and associated direct expenses, if any, for track rentals, driving schools and similar activities are deferred and recognized when the activities take place. Accounting Recognition for Non-Event Souvenir Merchandise and Other Revenues not Accounting Recognition for Noncurrent Net D eferred Income not not Performance Obligations not not not no We have contracted future revenues representing unsatisfied performance obligations, and the estimated revenue expected to be recognized in the future related to these performance obligations. These contracts contain initial terms typically ranging from one five ten 606 not twelve 2024. 2019 $131,052,000 March 31, 2018. Contract Balances not Changes in contract assets and liabilities during the three March 31, 2018 March 31, 2018 December 31, 2017, $21,484,000 $7,511,000, $77,390,000 $51,344,000. three March 31, 2018, to $10,320,000 . $74,461,000 $2,929,000 March 31, 2018, Taxes Collected from Customers $294,000 $411,000 three March 31, 2018 2017.

Note 3 - Inventories

Note 3 - Inventories	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Inventory Disclosure [Text Block]	3. Inventories, net consist of the following components (in thousands): March 31, December 31, 2018 2017 Finished race cars, parts and accessories $ 4,970 $ 4,507 Souvenirs and apparel 2,452 2,014 Micro-lubricant ® 690 762 Total $ 8,112 $ 7,283

Note 4 - Goodwill and Other Int

Note 4 - Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	4. Annual Impairment Assessment – second may 2 5 2017 not Management's latest annual assessment in the second 2017 one one 2018, March 31, 2018 December 31, 2017, $199.6 $98.8 There have since been no no March 31, 2018. Other Information no three March 31, 2018. $100.0 $149.7 March 31, 2018 December 31, 2017. no

Note 5 - Long-term Debt

Note 5 - Long-term Debt	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Long-term Debt [Text Block]	5. Bank Credit Facility – five $100,000,000 $50,000,000 $10,000,000 five $150,000,000 five $50,000,000 2015 December 2019; ( $100,000,000 $200,000,000, $250,000,000 $50,000,000, $75,000,000 $75,000,000 5% $7,500,000 2018 Interest is based, at the Company’s option, upon the Eurodollar Rate plus 1.25% 2.00% 0.5% 1%, 0.25% 1.00%. 0.25% 0.40% During each of the three March 31, 2018 2017, $3,000,000 no March 31, 2018 December 31, 2017, $27,000,000 $30,000,000 $698,000 March 31, 2018, $99,302,000, $49,302,000 $50,000,000 2023 5.125% 2023 $200.0 January 2015 ( 2023 2023 second 2015. 2023 2019 6 2017 2023 February 2023 February 1 August 1. Other Notes Payable March 31, 2018 December 31, 2017, 3% $887,000 $1,049,000 eight $194,000 January 2016. Deferred Financing Costs 2023 March 31, 2018 December 31, 2017, $3,631,000 $3,935,000. Other General Terms and Conditions 2023 March 31, 2018. 6 2017 Subsidiary Guarantees – 2023 2023 no no Interest Expense, Net – Three Months Ended March 31: 2018 2017 Gross interest costs $ 3,177 $ 3,308 Less: capitalized interest costs (129 ) (55 ) Interest expense 3,048 3,253 Interest income (91 ) (248 ) Interest expense, net $ 2,957 $ 3,005 Weighted-average interest rate on Credit Facility borrowings 2.9 % 2.1 %

Note 6 - Per Share Data and Oth

Note 6 - Per Share Data and Other Equity Information	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Stockholders Equity and Earnings Per Share [Text Block]	6. The following schedule reconciles basic and diluted loss per share (where computations are anti-dilutive, reported basic and diluted per share amounts are the same) (in thousands except per share amounts): Three Months Ended March 31: 2018 2017 Net loss applicable to common stockholders and assumed conversions $ (2,714 ) $ (1,935 ) Weighted average common shares outstanding 40,982 41,087 Dilution effect of assumed conversions: Common stock equivalents—stock awards 20 21 Weighted average common shares outstanding and assumed conversions 41,002 41,108 Basic loss per share $ (0.07 ) $ (0.05 ) Diluted loss per share $ (0.07 ) $ (0.05 ) Anti-dilutive common stock equivalents excluded in computing diluted earnings per share 10 9 Stock Repurchase Program 6,000,000 5,000,000 February 12, 2018) may may During the three March 31, 2018, 59,000 $1,148,000. March 31, 2018, 1,132,000 three March 31, 2018, 28,000 $540,000 62,000 March 31, 2018, 356,000 Declaration of Cash Dividends February 12, 2018, $0.15 $6,224,000, March 15, 2018 March 1, 2018. April 23, 2018, $0.15 $6.2 June 5, 2018 May 15, 2018.

Note 7 - Related Party Transact

Note 7 - Related Party Transactions	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	7. The Company and Sonic Financial Corporation (Sonic Financial), a Company affiliate through common ownership by our Executive Chairman and our Chief Executive Officer, share various expenses in the ordinary course of business under a shared services agreement. For the three March 31, 2018 2017, $275,000 $204,000 No March 31, 2018 December 31, 2017. The Company and certain SMI subsidiaries lease office and warehouse facilities from companies affiliated through common ownership by our Executive Chairman and Chief Executive Officer under annually renewable lease agreements. Rent expense amounted to $182,000 $181,000 three March 31, 2018 2017. March 31, 2018 December 31, 2017 not Various SMI subsidiaries purchased new and used vehicles for operations and employee use from certain subsidiary dealerships of Sonic Automotive, Inc. (SAI), an entity in which our Executive Chairman is a controlling stockholder, for an aggregate of $159,000 $127,000 three March 31, 2018 2017. no three March 31, 2018 2017. $221,000 $287,000 three March 31, 2018 2017. March 31, 2018 December 31, 2017, $109,000 $70,000 Oil-Chem sold zMAX micro-lubricant ® $438,000 $564,000 three March 31, 2018 2017. March 31, 2018 December 31, 2017, $214,000 $148,000 The foregoing related party balances as of March 31, 2018 December 31, 2017, three March 31, 2018 2017, 2018 2017 Accounts receivable $ 323 $ 218 Merchandise and vehicle purchases 159 127 Shared services expense 275 204 Merchandise sales 659 851 Rent expense 182 181

Note 8 - Legal Proceedings and

Note 8 - Legal Proceedings and Contingencies	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	8. From time to time, we are party to routine litigation incidental to our business. We believe that the resolution of any or all of such litigation will not

Note 9 - Stock Compensation Pla

Note 9 - Stock Compensation Plans	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	9. See Note 11 2017 2013 April 19, 2017 35,000 35,000 three March 31, 2018 2017. three The following is a summary of restricted stock and restricted stock units granted, vested and forfeited under the 2013 Three Months Ended March 31: 2018 2017 Restricted Stock Restricted Stock Units Restricted Stock Restricted Stock Units Outstanding, beginning of period 66 127 68 129 Granted 35 35 35 35 Vested (31 ) (31 ) (32 ) (32 ) Forfeited (5 ) (5 ) (5 ) (5 ) Outstanding, end of period 65 126 66 127 In three March 31, 2018 2017, 28,000 31,000 $540,000 $597,000 62,000 64,000 2008 April 17, 2012 2008 2008 February 2018 ( 2018 2008 16b 3 15,572 April 2017 April 2018, 15,976 April 2016 April 2017. No 2018 March 2018, 2018 2018 2018 2018 2018 16b 3 2018 2008 not 2008 2018 no may Under the proposed 2018 250,000 first $75,000 twenty first 2008 4,226 four April 2018 Share-Based Payments no 2018 2017 no no No three March 31, 2018 2017. Share-based compensation cost for the three March 31, 2018 2017 $847,000 $809,000, $243,000 $299,000, no March 31, 2018 December 31, 2017. March 31, 2018, $4,359,000 1.0 March 31, 2018, no

Note 10 - Segment Disclosures

Note 10 - Segment Disclosures	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	10. Our operations are predominately comprised of promoting, marketing and sponsoring motorsports racing events, merchandising and other related activities conducted at our various major speedway facilities located in the United States. Our business activities, including those of our subsidiaries, are further described in Notes 1 2 2017 Segment information as presented below comports with information our chief operating decision maker and management use and focus on when assessing segment performance and allocating resources. Segment operating income or loss excludes interest, income taxes, other income or expense and specified non-recurring items, if any, and corporate general and administrative and depreciation costs are allocated to operating segments based on their respective revenues relative to consolidated revenues. The following tables present our segment information (in thousands): Three Months Ended March 31: 2018 2017 Motorsports Event Related All Other Consolidated Motorsports Event Related All Other Consolidated Revenues $ 69,794 $ 4,570 $ 74,364 $ 75,098 $ 5,227 $ 80,325 Depreciation and amortization (Note 2) 13,053 37 13,090 17,467 38 17,505 Segment operating (loss) income (1,485 ) 688 (797 ) (1,525 ) 1,102 (423 ) Capital expenditures 11,111 180 11,291 7,049 5 7,054 March 31, 2018 December 31, 2017 Other intangibles $ 298,383 – $ 298,383 $ 298,383 – $ 298,383 Goodwill 46,225 – 46,225 46,225 – 46,225 Total assets 1,418,648 $ 24,170 1,442,818 1,427,557 $ 23,123 1,450,680 The following table reconciles segment operating loss above to consolidated loss before income taxes (in thousands): Three Months Ended March 31: 2018 2017 Total segment operating loss $ (797 ) $ (423 ) Adjusted for: Interest expense, net (2,957 ) (3,005 ) Other expense, net (51 ) (578 ) Consolidated loss before income taxes $ (3,805 ) $ (4,006 )

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Revenue and Expense Recognition [Policy Text Block]	NASCAR Broadcasting Revenues and NASCAR Event Management (formerly purse and sanction) Fees 10% 25% 10% not $3,881,000 three March 31, 2017 (c $4,082,000 three March 31, 2018). no
Quarterly Reporting [Policy Text Block]	Quarterly Reporting three March 31, 2018 2017 • Poor weather surrounded Monster Energy NASCAR Cup race weekends at AMS and LVMS in the first 2018 • LVMS held one first 2018 not
Statement of Cash Flows [Policy Text Block]	Consolidated Statements of Cash Flows – three March 31, 2018 2017 March 2017 and collected in April 2017 ( 30 February 2018).
Income Tax, Policy [Policy Text Block]	Income Taxes may no 2 8 2017 The effective income tax rate for the three March 31, 2018 2017 28.7% 51.7%, 2018 2017 $1,310,000 $515,000. no three March 31, 2018 2017. Accounting for Uncertainty in Income Taxes $11,711,000 March 31, 2018 December 31, 2017, $11,534,000 $177,000 March 31, 2018 December 31, 2017. March 31, 2018 December 31, 2017, $0 twelve three March 31, 2018 2017. March 31, 2018 December 31, 2017, $359,000 $241,000 2015 2016 2013 2016 December 2017 – December 22, 2017, January 1, 2018, 35% 21%, 100% 2022, one As of December 31, 2017, no 2018 fourth may may Income Tax Benefits may March 31, 2018 December 31, 2017, $11.7 not no not
Advertising Costs, Policy [Policy Text Block]	Advertising Expenses $1,735,000 $1,604,000 three March 31, 2018 2017. no March 31, 2018 December 31, 2017.
TMS Mineral Rights Lease Receipts, Policy [Policy Text Block]	TMS Mineral Rights Lease Receipts $396,000 $448,000 three March 31, 2018 2017 no 25% 2017, 2018 not 2017, 2017. March 31, 2018 December 31, 2017, no
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments no The following table presents estimated fair values and categorization levels of our financial instruments as of March 31, 2018 December 31, 2017 ( 2018 2017 Level Class Carrying Value Fair Value Carrying Value Fair Value Assets Cash and cash equivalents 1 R $ 58,915 $ 58,915 $ 81,924 $ 81,924 Note receivable 2 NR 753 753 799 799 Cash surrender values 2 NR 9,977 9,977 9,822 9,822 Liabilities Floating rate revolving Credit Facility, including Term Loan 2 NR 27,000 27,000 30,000 30,000 5.125% Senior Notes Payable due 2023 2 NR 200,000 199,140 200,000 205,000 Other long-term debt 2 NR 887 887 1,049 1,049 Level 1 Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs that are not Class R: Measured at fair value on recurring basis, subsequent to initial recognition. Class NR: Measured at fair value on nonrecurring basis, subsequent to initial recognition.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment first 2017, $4,597,000, $1,700,000, first 2017. 10
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards No. 2016 15 23 eight December 15, 2017, January 1, 2018 no The FASB issued Accounting Standards Update No. 2016 02 842 may December 15, 2018, may The FASB issued Accounting Standards Update No. 2018 01 842 842" not not not not not No. 2016 02 may
Revenue Recognition, Policy [Policy Text Block]	Revenue from Contracts with Customers January 1, 2018, No. 2014 09 606 606 five not no not no Balance Sheet Impact of Adoption 606 not not 606, $16,229,000 March 31, 2018. Di saggregated Revenues 10 no Three Months Ended March 31: 2018 2017 Admissions $ 10,863 $ 14,750 NASCAR broadcasting 36,741 34,930 Sponsorships and other event related 17,946 17,362 Souvenir and other merchandise 4,426 4,737 Other 4,388 4,665 Total Revenue 74,364 76,444 The following describes the composition of our disaggregated revenues and associated performance obligations: Admissions NASCAR Broadcasting five 2020. Sponsorships and Other Event Related not one We derive other event related revenue from various marketing agreements for on-site advertising, hospitality and other promotion related activities. We derive revenue based commissioned payments from a long-term contracted third Souvenir and Other Merchandise third third not Other Accounting Recognition for E vent Related R evenues and Associated Net Deferred Event Income If circumstances prevent a race from being held during the racing season: (i) generally advance revenue is refundable and (ii) all deferred direct event expenses would be immediately recognized except for race event management fees which would be refundable from NASCAR or other sanctioning bodies, and (iii) sales and admission taxes would be refundable from taxing authorities. Management believes this accounting policy results in appropriate matching of revenues and expenses associated with our racing events and helps ensure comparability and consistency between our financial statements. Advance revenues, and associated direct expenses, if any, for track rentals, driving schools and similar activities are deferred and recognized when the activities take place. Accounting Recognition for Non-Event Souvenir Merchandise and Other Revenues not Accounting Recognition for Noncurrent Net D eferred Income not not Performance Obligations not not not no We have contracted future revenues representing unsatisfied performance obligations, and the estimated revenue expected to be recognized in the future related to these performance obligations. These contracts contain initial terms typically ranging from one five ten 606 not twelve 2024. 2019 $131,052,000 March 31, 2018. Contract Balances not Changes in contract assets and liabilities during the three March 31, 2018 March 31, 2018 December 31, 2017, $21,484,000 $7,511,000, $77,390,000 $51,344,000. three March 31, 2018, to $10,320,000 . $74,461,000 $2,929,000 March 31, 2018,
Taxes Collected from Customers [Policy Text Block]	Taxes Collected from Customers $294,000 $411,000 three March 31, 2018 2017.

Note 2 - Significant Accounti19

Note 2 - Significant Accounting Policies and Other Disclosures (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	2018 2017 Level Class Carrying Value Fair Value Carrying Value Fair Value Assets Cash and cash equivalents 1 R $ 58,915 $ 58,915 $ 81,924 $ 81,924 Note receivable 2 NR 753 753 799 799 Cash surrender values 2 NR 9,977 9,977 9,822 9,822 Liabilities Floating rate revolving Credit Facility, including Term Loan 2 NR 27,000 27,000 30,000 30,000 5.125% Senior Notes Payable due 2023 2 NR 200,000 199,140 200,000 205,000 Other long-term debt 2 NR 887 887 1,049 1,049
Disaggregation of Revenue [Table Text Block]	Three Months Ended March 31: 2018 2017 Admissions $ 10,863 $ 14,750 NASCAR broadcasting 36,741 34,930 Sponsorships and other event related 17,946 17,362 Souvenir and other merchandise 4,426 4,737 Other 4,388 4,665 Total Revenue 74,364 76,444

Note 3 - Inventories (Tables)

Note 3 - Inventories (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 31, December 31, 2018 2017 Finished race cars, parts and accessories $ 4,970 $ 4,507 Souvenirs and apparel 2,452 2,014 Micro-lubricant ® 690 762 Total $ 8,112 $ 7,283

Note 5 - Long-term Debt (Tables

Note 5 - Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Tables
Interest Income and Interest Expense Disclosure [Table Text Block]	Three Months Ended March 31: 2018 2017 Gross interest costs $ 3,177 $ 3,308 Less: capitalized interest costs (129 ) (55 ) Interest expense 3,048 3,253 Interest income (91 ) (248 ) Interest expense, net $ 2,957 $ 3,005 Weighted-average interest rate on Credit Facility borrowings 2.9 % 2.1 %

Note 6 - Per Share Data and O22

Note 6 - Per Share Data and Other Equity Information (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31: 2018 2017 Net loss applicable to common stockholders and assumed conversions $ (2,714 ) $ (1,935 ) Weighted average common shares outstanding 40,982 41,087 Dilution effect of assumed conversions: Common stock equivalents—stock awards 20 21 Weighted average common shares outstanding and assumed conversions 41,002 41,108 Basic loss per share $ (0.07 ) $ (0.05 ) Diluted loss per share $ (0.07 ) $ (0.05 ) Anti-dilutive common stock equivalents excluded in computing diluted earnings per share 10 9

Note 7 - Related Party Transa23

Note 7 - Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2018
Related Party Balances [Member]
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	2018 2017 Accounts receivable $ 323 $ 218 Merchandise and vehicle purchases 159 127 Shared services expense 275 204 Merchandise sales 659 851 Rent expense 182 181

Note 9 - Stock Compensation P24

Note 9 - Stock Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Tables
Share-based Compensation, Stock Options, Activity [Table Text Block]	Three Months Ended March 31: 2018 2017 Restricted Stock Restricted Stock Units Restricted Stock Restricted Stock Units Outstanding, beginning of period 66 127 68 129 Granted 35 35 35 35 Vested (31 ) (31 ) (32 ) (32 ) Forfeited (5 ) (5 ) (5 ) (5 ) Outstanding, end of period 65 126 66 127

Note 10 - Segment Disclosures (

Note 10 - Segment Disclosures (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended March 31: 2018 2017 Motorsports Event Related All Other Consolidated Motorsports Event Related All Other Consolidated Revenues $ 69,794 $ 4,570 $ 74,364 $ 75,098 $ 5,227 $ 80,325 Depreciation and amortization (Note 2) 13,053 37 13,090 17,467 38 17,505 Segment operating (loss) income (1,485 ) 688 (797 ) (1,525 ) 1,102 (423 ) Capital expenditures 11,111 180 11,291 7,049 5 7,054
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Three Months Ended March 31: 2018 2017 Total segment operating loss $ (797 ) $ (423 ) Adjusted for: Interest expense, net (2,957 ) (3,005 ) Other expense, net (51 ) (578 ) Consolidated loss before income taxes $ (3,805 ) $ (4,006 )
Other Intangibles and Good will [Member]
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	March 31, 2018 December 31, 2017 Other intangibles $ 298,383 – $ 298,383 $ 298,383 – $ 298,383 Goodwill 46,225 – 46,225 46,225 – 46,225 Total assets 1,418,648 $ 24,170 1,442,818 1,427,557 $ 23,123 1,450,680

Note 1 - Description of Busin26

Note 1 - Description of Business (Details Textual)	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
NASCAR [Member]
Number of Racing Events	24	24
NASCAR [Member] | Monster Energy Cup [Member]
Number of Racing Events	13	13
NASCAR [Member] | Monster Energy Cup [Member] | Postponed and Rescheduled Due to Weather [Member]
Number of Racing Events	1
NASCAR [Member] | Xfinity Series Events [Member]
Number of Racing Events	11	11
NASCAR [Member] | Camping World Trucks Series Events [Member]
Number of Racing Events	8	8
NASCAR [Member] | K and N Pro Series Events [Member]
Number of Racing Events	5	3
NASCAR [Member] | Whelen Modified Tour [Member]
Number of Racing Events	3	4
Indy Car Series [Member]
Number of Racing Events	2	2
National Hot Rod Association [Member]
Number of Racing Events	6	6
Automobile Racing Club of America [Member]
Number of Racing Events	1	1
World of Outlaws [Member]
Number of Racing Events	3	3

Note 2 - Significant Accounti27

Note 2 - Significant Accounting Policies and Other Disclosures (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Percentage of Gross Broadcast Rights Revenue Retained	25.00%
Revenue from Contract with Customer, Including Assessed Tax	$ 74,364,000	$ 76,444,000
Undistributed Earnings of Foreign Subsidiaries	$ 0
Effective Income Tax Rate Reconciliation, Percent, Total	28.70%	51.70%
Increase (Decrease) in Deferred Income Tax Liabilities for Anticipated Change in State Income Tax Rates	$ (1,310,000)
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	515,000
Income Taxes Paid	0	$ 0
Unrecognized Tax Benefits, Ending Balance	11,711,000		$ 11,711,000
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	0		0
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	$ 359,000		$ 241,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%		35.00%
Advertising Expense	$ 1,735,000	1,604,000
Deferred Advertising Costs	0		$ 0
Accelerated Depreciation and Removal Costs, Before Tax		4,597,000
Income Tax Expense (Benefit), Accelerated Depreciation and Removal Costs		(1,700,000)
Contract with Customer, Asset, Net, Total	21,484,000		7,511,000
Contract with Customer, Liability, Total	77,390,000		51,344,000
Contract with Customer, Liability, Revenue Recognized	10,320,000
Deferred Revenue, Current	74,461,000		40,779,000
Deferred Revenue, Noncurrent	2,929,000		3,054,000
Excise and Sales Taxes	294,000	411,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total	$ 0	0
Texas Motor Speedway Inc. [Member]
Royalty Revenue, Distribution, Percentage	25.00%
Texas Motor Speedway Inc. [Member] | Royalty Arrangement [Member]
Deferred Revenue	$ 0		0
Domestic Tax Authority [Member] | Earliest Tax Year [Member]
Open Tax Year	2,015
Domestic Tax Authority [Member] | Latest Tax Year [Member]
Open Tax Year	2,016
State and Local Jurisdiction [Member] | Earliest Tax Year [Member]
Open Tax Year	2,013
State and Local Jurisdiction [Member] | Latest Tax Year [Member]
Open Tax Year	2,016
Other Noncurrent Liabilities [Member]
Unrecognized Tax Benefits, Ending Balance	$ 11,534,000		11,534,000
Deferred Tax Liabilities [Member]
Unrecognized Tax Benefits, Ending Balance	177,000		$ 177,000
Change in Reporting NASCAR Broadcasting Revenues and NASCAR Event Management Fees [Member]
Cost of Goods and Services Sold, Total	(4,082,000)
Restatement Adjustment [Member]
Cost of Goods and Services Sold, Total		(3,881,000)
NASCAR Broadcasting and Event Management Revenue [Member] | Change in Reporting NASCAR Broadcasting Revenues and NASCAR Event Management Fees [Member]
Revenue from Contract with Customer, Including Assessed Tax	(4,082,000)
NASCAR Broadcasting and Event Management Revenue [Member] | Restatement Adjustment [Member]
Revenue from Contract with Customer, Including Assessed Tax		(3,881,000)
Royalty Revenue [Member] | Texas Motor Speedway Inc. [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 396,000	$ 448,000
Sanction Fees [Member]
Percentage of Gross Broadcast Rights Revenue Retained	10.00%

Note 2 - Significant Accounti28

Note 2 - Significant Accounting Policies and Other Disclosures - Remaining Performance Obligations (Details Textual)	Mar. 31, 2018USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01
Revenue, Remaining Performance Obligation, Amount	$ 131,052,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: (nil)
Revenue, Remaining Performance Obligation, Amount	$ 16,229,000

Note 2 - Significant Accounti29

Note 2 - Significant Accounting Policies and Other Disclosures - Estimated Fair Values and Categorization Levels of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 58,915	$ 81,924	$ 53,585	$ 79,342
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Assets
Cash and cash equivalents	58,915	81,924
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Note receivable	753	799
Cash surrender values	9,977	9,822
Liabilities (principal)
Floating rate revolving Credit Facility, including Term Loan	27,000	30,000
Floating rate revolving Credit Facility, including Term Loan, fair value	27,000	30,000
5.125% Senior Notes Payable due 2023	200,000	200,000
Other long-term debt	887	1,049
Other long-term debt, fair value	887	1,049
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Assets
Cash and cash equivalents, fair value	58,915	81,924
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Note receivable	753	799
Cash surrender values	9,977	9,822
Liabilities (principal)
Floating rate revolving Credit Facility, including Term Loan	27,000	30,000
Floating rate revolving Credit Facility, including Term Loan, fair value	27,000	30,000
5.125% Senior Notes Payable due 2023	199,140	205,000
Other long-term debt	887	1,049
Other long-term debt, fair value	$ 887	$ 1,049

Note 2 - Significant Accounti30

Note 2 - Significant Accounting Policies and Other Disclosures - Estimated Fair Values and Categorization Levels of Financial Instruments (Details) (Parentheticals)	Dec. 31, 2017
Senior Notes Payable, Interest	5.125%

Note 2 - Significant Accounti31

Note 2 - Significant Accounting Policies and Other Disclosures - Revenue Composition (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues	$ 74,364	$ 76,444
Admissions [Member]
Revenues	10,863	14,750
NASCAR Broadcasting Revenue [Member]
Revenues	36,741	34,930
Sponsorships and Other Event Related Revenue [Member]
Revenues	17,946	17,362
Souvenir and Other Merchandise Revenue [Member]
Revenues	4,426	4,737
Other [Member]
Revenues	$ 4,388	$ 4,665

Note 3 - Inventories - Inventor

Note 3 - Inventories - Inventories Components (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Inventories, net	$ 8,112	$ 7,283
Finished Vehicles Parts and Accessories [Member]
Inventories, net	4,970	4,507
Souvenirs and Apparel [Member]
Inventories, net	2,452	2,014
Micro Lubricant and Other [Member]
Inventories, net	$ 690	$ 762

Note 4 - Goodwill and Other I33

Note 4 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Goodwill, Impaired, Accumulated Impairment Loss	$ 100,000	$ 149,700
Finite-Lived Intangible Assets, Accumulated Amortization	0	0
Unrecognized [Member]
Goodwill, Impairment Loss	0
NHMS and TMS [Member] | Nonamortizable Race Event Sanctioning and Renewal Agreements [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance	$ 199,600	$ 98,800

Note 5 - Long-term Debt (Detail

Note 5 - Long-term Debt (Details Textual)	1 Months Ended	3 Months Ended
	Jan. 31, 2016USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)	Jan. 31, 2015USD ($)
Debt Instrument, Interest Rate, Stated Percentage				5.125%
Debt Issuance Costs, Net, Total		$ 3,631,000		$ 3,935,000
Eurodollar [Member]
Debt Instrument, Basis Spread on Variable Rate		1.00%
Eurodollar [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		1.25%
Eurodollar [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		2.00%
Federal Funds Effective Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate		0.50%
Prime Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		0.25%
Prime Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		1.00%
Revolving Credit Facility [Member]
Letters of Credit Outstanding, Amount		$ 698,000		698,000
The 2014 Amendment of Bank Credit Facility [Member]
Revolving Credit Facility Accordion Feature		100,000,000
Term Loan, Maximum Borrowing Capacity		200,000,000
Debt Agreement, Maximum Borrowing Capacity		250,000,000
Debt Instrument Covenant, Maximum Dividends Payments and Repurchases of Securities		50,000,000
Debt Instrument Covenant Annual Capital Expenditures		$ 75,000,000
The 2014 Amendment of Bank Credit Facility [Member] | Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.25%
The 2014 Amendment of Bank Credit Facility [Member] | Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.40%
The 2014 Amendment of Bank Credit Facility [Member] | Term Loan [Member]
Debt Instrument Quarterly Principal Repayment Percentage		5.00%
Debt Instrument, Periodic Payment, Principal		$ 7,500,000
Repayments of Debt		3,000,000	$ 3,000,000
Proceeds from Issuance of Long-term Debt, Total		0	$ 0
Long-term Debt, Total		27,000,000		$ 30,000,000
The 2014 Amendment of Bank Credit Facility [Member] | Subject to Maintaining Certain Financial Covenants [Member]
Debt Instrument Covenant, Maximum Dividends Payments and Repurchases of Securities		$ 75,000,000
The 2014 Amendment of Bank Credit Facility [Member] | Senior Secured Revolving Credit Facility [Member]
Debt Instrument, Term		5 years
The 2014 Amendment of Bank Credit Facility [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 100,000,000
Line of Credit Facility, Remaining Borrowing Capacity		99,302,000
The 2014 Amendment of Bank Credit Facility [Member] | Standby Letters of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity		50,000,000
The 2014 Amendment of Bank Credit Facility [Member] | Swing Line Loans [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 10,000,000
The 2014 Amendment of Bank Credit Facility [Member] | Senior Secured Term Loan [Member]
Debt Instrument, Term		5 years
Debt Instrument, Face Amount		$ 150,000,000
The 2014 Amendment of Bank Credit Facility [Member] | Delayed Draw Term Loan [Member]
Debt Instrument, Term		5 years
Line of Credit Facility, Maximum Borrowing Capacity		$ 50,000,000
Line of Credit Facility, Remaining Borrowing Capacity		50,000,000
The 2014 Amendment of Bank Credit Facility [Member] | Letter of Credit [Member]
Line of Credit Facility, Remaining Borrowing Capacity		$ 49,302,000
The 2023 Senior Notes [Member]
Debt Instrument, Face Amount					$ 200,000,000
Debt Instrument, Interest Rate, Stated Percentage					5.125%
Interest Bearing Debt Associated With BMS Purchase [Member]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate		3.00%		3.00%
Long-term Debt, Percentage Bearing Fixed Interest, Amount		$ 887,000		$ 1,049,000
Debt Instrument, Number of Periodic Payments	8
Debt Instrument, Periodic Payment, Total	$ 194,000

Note 5 - Long-term Debt - Inter

Note 5 - Long-term Debt - Interest Expense, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Gross interest costs	$ 3,177	$ 3,308
Less: capitalized interest costs	(129)	(55)
Interest expense	3,048	3,253
Interest income	(91)	(248)
Interest expense, net	$ 2,957	$ 3,005
Weighted-average interest rate on Credit Facility borrowings	2.90%	2.10%

Note 6 - Per Share Data and O36

Note 6 - Per Share Data and Other Equity Information (Details Textual) - USD ($)	Apr. 23, 2018	Mar. 15, 2018	Feb. 12, 2018	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Treasury Stock, Value, Acquired, Cost Method				$ 1,689,000
Treasury Stock, Shares Held for Tax Withholding for Share-based Compensation				356,000
Common Stock, Dividends, Per Share, Declared			$ 0.15	$ 0.15
Payments of Dividends, Total		$ 6,224,000
Subsequent Event [Member]
Common Stock, Dividends, Per Share, Declared	$ 0.15
Dividends Payable, Current	$ 6,200,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				31,000	32,000
Management [Member]
Treasury Stock, Shares, Acquired				28,000
Treasury Stock, Value, Acquired, Cost Method				$ 540,000
Management [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				62,000
Stock Repurchase Program [Member]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased			6,000,000			5,000,000
Treasury Stock, Shares, Acquired				59,000
Treasury Stock, Value, Acquired, Cost Method				$ 1,148,000
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased				1,132,000

Note 6 - Per Share Data and O37

Note 6 - Per Share Data and Other Equity Information - Basic and Diluted Earnings or Loss Per Share From Continuing Operations (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net loss applicable to common stockholders and assumed conversions	$ (2,714)	$ (1,935)
Weighted average common shares outstanding (in shares)	40,982	41,087
Common stock equivalents—stock awards (in shares)	20	21
Weighted average common shares outstanding and assumed conversions (in shares)	41,002	41,108
Basic loss per share (in dollars per share)	$ (0.07)	$ (0.05)
Diluted loss per share (in dollars per share)	$ (0.07)	$ (0.05)
Anti-dilutive common stock equivalents excluded in computing diluted earnings per share (in shares)	10	9

Note 7 - Related Party Transa38

Note 7 - Related Party Transactions (Details Textual) xbrli-pure in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Related Party Transaction, Expenses from Transactions with Related Party	$ 275,000	$ 204,000
Revenue from Related Parties	659,000	851,000
Sonic Financial [Member]
Related Party Transaction, Expenses from Transactions with Related Party	275,000	204,000
Due from Affiliates	0		$ 0
Sonic Financial [Member] | Oil Chem [Member]
Due from Related Parties, Total	214,000		148,000
Affiliated Entity [Member]
Operating Leases, Rent Expense, Total	182,000	181,000
Sonic Automotive Inc. [Member]
Due from Affiliates	109,000		$ 70,000
Operating Leases, Rent Expense, Total	$ 159,000	$ 127,000
Number of Vehicles Sold	0	0
Sonic Automotive Inc. [Member] | SMI Properties [Member]
Revenue from Related Parties	$ 221,000	$ 287,000
Sonic Automotive Inc. [Member] | Oil Chem [Member]
Revenue from Related Parties	$ 438,000	$ 564,000

Note 7 - Related Party Transa39

Note 7 - Related Party Transactions - Foregoing Related Party Balances (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Accounts receivable	$ 323	$ 218
Merchandise and vehicle purchases	159	127
Shared services expense	275	204
Merchandise sales	659	851
Rent expense	$ 182	$ 181

Note 9 - Stock Compensation P40

Note 9 - Stock Compensation Plans (Details Textual)	Mar. 11, 2018USD ($)shares	Apr. 19, 2017shares	Apr. 30, 2018shares	Apr. 30, 2017shares	Apr. 30, 2016shares	Mar. 31, 2018USD ($)shares	Mar. 31, 2017USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross						0	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period						0	0
Allocated Share-based Compensation Expense, Total | $						$ 847,000	$ 809,000
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense | $						243,000	$ 299,000
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount | $						0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | $						$ 0
2018 Formula Restricted Stock Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance	250,000
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period						35,000	35,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period						31,000	32,000
Restricted Stock Units (RSUs) [Member] | The 2013 Stock Incentive Plan [Member] | Chief Executive Officer and President [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Restricted Stock Units (RSUs) [Member] | The 2013 Stock Incentive Plan [Member] | Chief Executive Officer and President [Member] | Three Year Vesting Period [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		35,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period						35,000	35,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period						31,000	32,000
Restricted Stock [Member] | The 2013 Stock Incentive Plan [Member] | Vice Chairman and Chief Financial Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		35,000
Restricted Stock [Member] | The 2008 Formula Restricted Stock Plan [Member] | Non Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period				15,572	15,976
Restricted Stock [Member] | 2018 Formula Restricted Stock Plan [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Value of Shares Used as Numerator to Determine Annual Grant Amount | $	$ 75,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Number of Days Preceding Grant Date Used to Determine Average Closing Price Used as Denominator to Determine Grant Award Amount	20
Restricted Stock [Member] | 2018 Formula Restricted Stock Plan [Member] | Four Directors [Member] | Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			4,226
Performance Shares [Member] | The 2013 Stock Incentive Plan [Member] | Non Executive Management Employees [Member]
Stock Repurchased During Period, Shares						28,000	31,000
Payments Related to Tax Withholding for Share-based Compensation | $						$ 540,000	$ 597,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period						62,000	64,000
Restricted Stock and Restricted Stock Units [Member] | The 2013 Stock Incentive Plan and 2008 Formula Restricted Stock Plan [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $						$ 4,359,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition						1 year

Note 9 - Stock Compensation P41

Note 9 - Stock Compensation Plans - Summary of Stock Option Activity (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Restricted Stock [Member]
Outstanding, beginning of period (in shares)	66	68
Granted (in shares)	35	35
Vested (in shares)	(31)	(32)
Forfeited (in shares)	(5)	(5)
Outstanding, end of period (in shares)	65	66
Restricted Stock Units (RSUs) [Member]
Outstanding, beginning of period (in shares)	127	129
Granted (in shares)	35	35
Vested (in shares)	(31)	(32)
Forfeited (in shares)	(5)	(5)
Outstanding, end of period (in shares)	126	127

Note 10 - Segment Disclosures -

Note 10 - Segment Disclosures - Segment Information on Continuing Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenue from Contract with Customer, Including Assessed Tax	$ 74,364	$ 76,444
Depreciation and amortization (Note 2)	13,090	17,505
Segment operating (loss) income	(797)	(423)
Capital expenditures	11,291	7,054
Motorsports Event Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	69,794	75,098
Depreciation and amortization (Note 2)	13,053	17,467
Segment operating (loss) income	(1,485)	(1,525)
Capital expenditures	11,111	7,049
Other Segments [Member]
Revenue from Contract with Customer, Including Assessed Tax	4,570	5,227
Depreciation and amortization (Note 2)	37	38
Segment operating (loss) income	688	1,102
Capital expenditures	$ 180	$ 5

Note 10 - Segment Disclosures43

Note 10 - Segment Disclosures - Summary of Intangible Assets and Goodwill (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Other intangibles	$ 298,383	$ 298,383
Goodwill	46,225	46,225
Total assets	1,442,818	1,450,680
Motorsports Event Segment [Member]
Other intangibles	298,383	298,383
Goodwill	46,225	46,225
Total assets	1,418,648	1,427,557
Other Segments [Member]
Other intangibles
Goodwill
Total assets	$ 24,170	$ 23,123

Note 10 - Segment Disclosures44

Note 10 - Segment Disclosures - Reconciliation of Segment Operating Income or Loss to Consolidated Amounts (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Total segment operating loss	$ (797)	$ (423)
us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedAbstract
Interest expense, net	(2,957)	(3,005)
Other expense, net	(51)	(578)
Loss Before Income Taxes	$ (3,805)	$ (4,006)