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Consolidated Statements of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Oct. 02, 2011
Sep. 30, 2012
Oct. 02, 2011
Revenues:        
Management fees $ 1,885 $ 222 $ 6,331 $ 34,142
Room 763   763  
Food and beverage 618   618  
Other operating 358   358  
License fees and other 15 28 51 158
Total revenues 3,639 250 8,121 34,300
Costs and expenses:        
Room 146   146  
Food and beverage 471   471  
Other operating 216   216  
Selling, general and administrative 2,846 2,537 7,054 7,479
Loss on convertible note receivable   4,000   4,000
Impairments and other losses 1,986 1,102 4,314 2,611
Amortization of intangible assets related to operating casinos 264 264 792 11,424
Depreciation and amortization 229 128 335 240
Total costs and expenses 6,158 8,031 13,328 25,754
Net unrealized losses on notes receivable   (2,709)   (2,091)
Earnings (loss) from operations (2,519) (10,490) (5,207) 6,455
Other income (expense):        
Interest income 1,614 1,439 4,775 4,420
Interest expense (228) (273) (722) (915)
Other 55 119 113 359
Total other income, net 1,441 1,285 4,166 3,864
Earnings (loss) before income taxes (1,078) (9,205) (1,041) 10,319
Income tax benefit (87) (9,149) (2,229) (490)
Net earnings (loss) including noncontrolling interest (991) (56) 1,188 10,809
Net loss attributable to noncontrolling interests   18 61 18
Net earnings (loss) attributable to Lakes Entertainment, Inc. $ (991) $ (38) $ 1,249 $ 10,827
Weighted-average common shares outstanding        
Basic (in Shares) 26,441 26,406 26,438 26,402
Dilutive effect of restricted stock units (in Shares)       25
Diluted (in Shares) 26,441 26,406 26,438 26,427
Earnings (loss) per share        
Basic (in Dollars per share) $ (0.04) $ 0.00 $ 0.05 $ 0.41
Diluted (in Dollars per share) $ (0.04) $ 0.00 $ 0.05 $ 0.41