Thanks, Denis.
not these impact of pandemics year. on slate COVID-XX events, Given last quarterly obviously results are to XXXX comparable the our
of year. our was postponed quarter which weekend, NASCAR second event included this XXXX The
our July we scheduled events postponed previously be X, second with run have been As NASCAR weekend race rescheduled August. and will in on May announced these
be races fans. July announced run those will further As on without XX,
canceled to forced for the Additionally, Firefly the Music and Festival event the second that quarter of be pandemic XXXX. XXXX included
So XXXX, revenues in all the second we of in events our operating held and quarter explains essentially changes which expenses. no major the
quarter see earnings, million you'll If look revenues last at $XXX,XXX the second to you were statement $XX.X year. compared of our
were Our And holding lower place first G&A were measures year in also expenses expenses given lower surfaced. $X.XX at than to were from events. year. at quarter lower any up marketing operating $XXX,XXX that million than this also expenses higher little last were not we're last stock of a slightly year the quarter year costs year. pandemic than the last $XXX,XXX when compensation compared expense. lower insurance from was and first and this significantly cost-cutting the of G&A from also put Depreciation
County bond $XXX,XXX year $XXX,XXX to the had with higher year. quarter. compared pension by liability primarily quarter of being are being reopening taxes Superspeedway the resulting Wilson reduction able debt available next in again, this service project bonds, of second this $XX,XXX for on gains announced in Nashville our this the We asset other to a to, in driven sales the income contingent year, year, of increase used be Given we last
we higher allowance the valuation would tax of benefit on reopening a you with a the Our Speedway is portion the assets, expect effective now which income XX.X%, previously Tennessee rate next reversing which of tax was deferred of booked result realize as expect of a to than year.
share for approximately share loss last of net per $X.XX diluted with $X.X was per net the compared So $XXX,XXX year. million diluted $X.XX or earnings our or quarter
June no had XX debt our Looking cash just at We balance our at sheet. was available and under $X.X XX, June million.
as the for that year. had postponed of by we Our sales offset revenue That when race lower the hit. deferred May events effectively revenue higher pandemic last whereas contract shutdown last by as was weekend June June the deferred still are than realized liabilities was ticket for we our XX second
purchase last cash the less gain the $X.X operating related included to honoring Recall net $XXX,XXX the The $X.X not net requests flow time million we results. That quarter quarter operating these third lower transaction Proceeds applied our of season, from to is far provided this will $XX,XXX the know parcel year. in have the for cash One be update. the reflected payments next this too higher race year-to-date, fans deposited by a for sale, to $X used us, the in XXXX that million that XX six-month be be at the for we'll previously expenditures used weekend. statement was the event. decrease were to events, was that be see of activities by June just attend costs, from you predict to $X.X or on period It's May ended was in early over we result second that you'll compared year's approximately had in $XXX,XXX to cash race and cash cash to option which the patrons' thing, customers. just of the Dover price. to they've our closing on the either Also this buyer so sale Capital primarily almost credit a closed year. Nashville. million. for were Thank your million quarter our made third concludes Obviously, was our receipts choices with able the all under apply made yesterday Now refund interest. the postponement our where will will of we and of activities final
