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Note 8. Contract Acquisition Costs Payable
3 Months Ended
Mar. 31, 2013
Contract Acquisition Costs Payable [Text Block]
8.  Contract Acquisition Costs Payable

During 2009, the Company became obligated to pay Mr. Jerry Argovitz and Mr. Kevin M. Kean each $1 million per year (prorated based on a 365 day year) during the remainder of the seven-year initial term of the Red Hawk Casino management agreement, which commenced in December 2008. These obligations resulted from Mr. Argovitz’s and Mr. Kean’s elections under existing agreements with Lakes to relinquish their respective other rights related to the Red Hawk Casino project. As of March 31, 2013 and December 30, 2012, the remaining carrying amount of the liability was $4.3 million and $4.6 million, net of a $1.2 million and $1.4 million discount, respectively. Amounts payable during the next 12 fiscal months totaling $1.3 million, net of related discount, are included in current contract acquisition costs payable as of March 31, 2013.