Note 5 - Accrued Expenses:

3 Months Ended

Jun. 30, 2011

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

(5) ACCRUED EXPENSES:

Accrued expenses consists of the following (in thousands):

	June 30,		December 31,
	2011		2010
Operative commissions	$	3,716	$	3,001
Minimum cruise line commissions		3,577		4,636
Payroll and bonuses		7,288		9,500
Rent		1,109		1,134
Other		17,159		16,703
Total	$	32,849	$	34,974

Under most of our concession agreements with cruise lines and certain of our leases with land-based spas, we are required to make minimum annual payments, irrespective of the amounts of revenues received from those operations.  These minimum annual payments are expensed/accrued over the applicable 12-month period.