Deferred Revenue

12 Months Ended

Dec. 31, 2011

Deferred Revenue and Credits [Abstract]

Deferred revenue consists of the following:



	December 31,
	2011		2010
	(In thousands)
Loyalty programs	$	64,636	$	61,604
Initial, relicensing and franchise fees	3,198		4,631
Procurement services fees	957		1,052
Other	34		35
Total	$	68,825	$	67,322

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

+ References+ Details