Note 16. Segment Information

9 Months Ended

Sep. 30, 2012

Segment Reporting Disclosure [Text Block]

16.  Segment Information

Lakes’ segments reported below (in millions) are the segments of the Company for which separate financial information is available and for which operating results are evaluated by the chief operating decision-maker in deciding how to allocate resources and in assessing performance.

The Indian Casino Projects segment includes operations and assets related to the development, financing, and management of gaming-related properties for the Shingle Springs Tribe, the Pokagon Band of Potawatomi Indians, and the Jamul Tribe.  The Non-Indian Casino Projects segment includes results and/or assets related to the development, financing, and management of gaming-related properties in Maryland and Ohio.  The total assets in “Corporate and Eliminations” below primarily relate to Lakes’ cash and cash equivalents and the Lakes corporate office building. Costs in “Corporate and Eliminations” below have not been allocated to the other segments because these costs are not easily allocable and to do so would not be practical.

	Indian Casino Projects			Non-Indian Casino Projects			Corporate & Eliminations			Consolidated
Three months ended September 30, 2012
Revenue	$	1.9		$	1.7		$	—		$	3.6
Impairments and other losses		—			0.7			1.3			2.0
Earnings (loss) from operations		1.5			(0.9	)		(3.1	)		(2.5	)
Depreciation and amortization expense		—			0.2			—			0.2
Amortization of intangible assets related to operating casinos		0.3			—			—			0.3
Three months ended October 2, 2011
Revenue	$	0.2		$	—		$	0.1		$	0.3
Impairments and other losses		0.8			0.3			—			1.1
Loss from operations		(3.9	)		(4.6	)		(2.0	)		(10.5	)
Depreciation expense		—			—			0.1			0.1
Amortization of intangible assets related to operating casinos		0.3			—			—			0.3
Nine months ended September 30, 2012
Revenue	$	6.3		$	1.7		$	0.1		$	8.1
Impairments and other losses		1.8			1.2			1.3			4.3
Earnings (loss) from operations		3.4			(1.8	)		(6.8	)		(5.2	)
Depreciation and amortization expense		—			0.2			0.1			0.3
Amortization of intangible assets related to operating casinos		0.8			—			—			0.8
Nine months ended October 2, 2011
Revenue	$	34.1		$	—		$	0.2		$	34.3
Impairments and other losses		2.3			0.3			—			2.6
Earnings (loss) from operations		17.9			(4.6	)		(6.8	)		6.5
Depreciation expense		—			—			0.2			0.2
Amortization of intangible assets related to operating casinos		11.4			—			—			11.4
As of September 30, 2012
Total assets	$	45.5		$	30.7		$	41.3		$	117.5
Investment in unconsolidated investees		—			20.2			—			20.2
As of January 1, 2012
Total assets	$	48.0		$	18.2		$	49.8		$	116.0
Investment in unconsolidated investees		—			15.7			—			15.7