Note 12. Earnings per Share	3 Months Ended
Jul. 01, 2012
Earnings Per Share [Text Block]	12. Earnings per Share For all periods, basic earnings per share (“EPS”) is calculated by dividing net earnings 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 attributable to Lakes Entertainment, Inc. by the weighted-average of all common and potentially dilutive shares outstanding. Potentially dilutive stock options of 1,527,545 and 1,527,726 for the three and six months ended July 1, 2012, respectively, and 1,171,617 for the three and six months ended July 3, 2011, were not used to compute diluted earnings per share because the effects would have been anti-dilutive.

Note 12. Earnings per Share

3 Months Ended

Jul. 01, 2012

12. Earnings per Share

For all periods, basic earnings per share (“EPS”) is calculated by dividing net earnings 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 attributable to Lakes Entertainment, Inc. by the weighted-average of all common and potentially dilutive shares outstanding. Potentially dilutive stock options of 1,527,545 and 1,527,726 for the three and six months ended July 1, 2012, respectively, and 1,171,617 for the three and six months ended July 3, 2011, were not used to compute diluted earnings per share because the effects would have been anti-dilutive.

- Definition

The entire disclosure for earnings per share.

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