SPEEDWAY MOTORSPORTS INC

CIK:0000934648|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues:
Revenues	$ 141,868	$ 166,855	$ 249,756	$ 242,818
Expenses and Other:
General and administrative	27,126	27,255	52,403	51,648
Depreciation and amortization (Note 2)	13,852	13,138	27,376	26,228
Interest expense, net	2,731	2,953	5,499	5,910
Other expense (income), net	77	(2,297)	23	(2,246)
Total Expenses and Other	118,462	127,472	214,757	206,720
Income Before Income Taxes	23,406	39,383	34,999	36,098
Provision for Income Taxes	(6,031)	(8,677)	(9,070)	(7,712)
Net Income	$ 17,375	$ 30,706	$ 25,929	$ 28,386
Basic Earnings Per Share (in dollars per share)	$ 0.43	$ 0.75	$ 0.63	$ 0.69
Weighted Average Shares Outstanding (in shares)	40,850	40,946	40,848	40,964
Diluted Earnings Per Share (in dollars per share)	$ 0.43	$ 0.75	$ 0.63	$ 0.69
Weighted Average Shares Outstanding (in shares)	40,854	40,956	40,851	40,979
Admissions [Member]
Revenues:
Revenues	$ 19,223	$ 25,412	$ 33,573	$ 36,275
Event Related [Member]
Revenues:
Revenues	44,830	48,600	73,307	69,589
NASCAR Broadcasting Revenue [Member]
Revenues:
Revenues	70,905	86,131	128,550	122,872
Other Operating Revneues [Member]
Revenues:
Revenues	6,910	6,712	14,326	14,082
Direct Expense of Events [Member]
Expenses and Other:
Cost of goods and services sold	32,482	35,581	49,152	48,914
NASCAR Event Management Fees [Member]
Expenses and Other:
Cost of goods and services sold	37,327	46,276	70,192	66,828
Other Direct Operating Expense [Member]
Expenses and Other:
Cost of goods and services sold	$ 4,867	$ 4,566	$ 10,112	$ 9,438