Note 9. Loan Agreement	9 Months Ended
Sep. 30, 2012
Debt Disclosure [Text Block]	9. Loan Agreement As of September 30, 2012, Lakes had a two-year interest only $8.0 million non-revolving line of credit loan agreement (the “Loan Agreement”) with a bank that was set to expire on October 28, 2012. The Loan Agreement is collateralized by primarily all of Lakes’ interest in the real property it owns in Minnetonka, Minnesota. Amounts borrowed under the Loan Agreement bear interest at 8.95%. Lakes’ Chief Executive Officer, Lyle Berman, personally guaranteed the Loan Agreement on behalf of Lakes. As of September 30, 2012 and January 1, 2012, no amounts were outstanding under the Loan Agreement. On October 28, 2012, the Loan Agreement was extended until October 28, 2014 and was modified to be revolving in nature.

Note 9. Loan Agreement

9 Months Ended

Sep. 30, 2012

9. Loan Agreement

As of September 30, 2012, Lakes had a two-year interest only $8.0 million non-revolving line of credit loan agreement (the “Loan Agreement”) with a bank that was set to expire on October 28, 2012. The Loan Agreement is collateralized by primarily all of Lakes’ interest in the real property it owns in Minnetonka, Minnesota. Amounts borrowed under the Loan Agreement bear interest at 8.95%. Lakes’ Chief Executive Officer, Lyle Berman, personally guaranteed the Loan Agreement on behalf of Lakes. As of September 30, 2012 and January 1, 2012, no amounts were outstanding under the Loan Agreement. On October 28, 2012, the Loan Agreement was extended until October 28, 2014 and was modified to be revolving in nature.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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