INTERNATIONAL SPEEDWAY CORP - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - July 5, 2012

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10-Q - 10-Q - INTERNATIONAL SPEEDWAY CORP	d357767d10q.htm

Earnings Per Share (Tables)

6 Months Ended

May 31, 2012

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended May 31, 2011 and 2012 (in thousands, except share and per share amounts):


		Three Months Ended								Six Months Ended
		May 31,				May 31,				May 31,				May 31,
		2011				2012				2011				2012
Basic and diluted:
Net income		$	11,873			$	13,740			$	33,308			$	30,879

Basic earnings per share denominator:
Weighted average shares outstanding			47,795,906				46,306,147				47,913,025				46,348,345

Basic earnings per share:
Net income		$	0.25			$	0.30			$	0.70			$	0.67


Diluted earnings per share denominator:
Weighted average shares outstanding			47,795,906				46,306,147				47,913,025				46,348,345
Common stock options			11,304				10,272				8,696				10,113

Diluted weighted average shares outstanding			47,807,210				46,316,419				47,921,721				46,358,458

Diluted earnings per share:
Net income		$	0.25			$	0.30			$	0.70			$	0.67

Anti-dilutive shares excluded in the computation of diluted earnings per share			256,254				232,488				262,676				238,192

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