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Note 4. Investment in Evitts Resort, LLC and Acquisition of Rocky Gap Lodge & Golf Resort (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Purchase Price Allocation [Table Text Block]

		Amount
Building		$	2,788
Site improvements			2,091
Furniture and equipment			1,294
Intangible assets			627
Inventories			126
Other assets			136
Current liabilities assumed			(228	)
Total purchase price		$	6,834

Schedule of Intangible Assets and Goodwill [Table Text Block]

		Useful Life (years)				Amount  Assigned
Advance bookings			1.4			$	179
Memberships			25				448
Total intangible assets						$	627

Business Acquisition, Pro Forma Information [Table Text Block]

		Three Months Ended								Nine Months Ended
		September 30, 2012				October 2, 2011				September 30, 2012				October 2, 2011
		(In thousands, except per-share data)
Pro forma total gross revenues		$	4,637			$	3,468			$	12,245			$	40,976
Pro forma net earnings (loss) attributable to Lakes Entertainment, Inc.			89				244				(1,041	)			10,433
Pro forma earnings (loss) per share:
Basic			0.00				0.01				(0.04	)			0.40
Diluted			0.00				0.01				(0.04	)			0.39
Weighted average common shares outstanding:
Basic			26,441				26,406				26,438				26,402
Diluted			26,441				26,406				26,438				26,427

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

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