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Earnings (Loss) per Share
9 Months Ended
Oct. 02, 2011
Earnings (Loss) per Share [Abstract] 
Earnings (Loss) per Share

13. Earnings (Loss) per Share

For all periods, basic earnings (loss) per share (“EPS”) is calculated by dividing net earnings (loss) attributable to Lakes Entertainment, Inc. by the weighted-average common shares outstanding. Diluted EPS in profitable periods reflects the effect of all potentially dilutive common shares outstanding by dividing net earnings (loss) attributable to Lakes Entertainment, Inc. by the weighted-average of all common and potentially dilutive shares outstanding. Potentially dilutive stock options of 1,672,138 for the three and nine months ended October 2, 2011 and 1,580,566 for the three and nine months ended October 3, 2010, were not used to compute diluted earnings per share because the effects would have been anti-dilutive.