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Note 6 - Property and Equipment, Net

12 Months Ended

Dec. 28, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

6. Property and Equipment, net

The following table summarizes the components of property and equipment, at cost (in thousands):

	December 28, 2014			December 29, 2013
Building and site improvements	$	27,905		$	24,611
Furniture and equipment		13,445			12,370
Construction in process		83			219
		41,433			37,200
Less accumulated depreciation		(8,694	)		(5,541	)
	$	32,739		$	31,659

In connection with entering into the Merger Agreement with Golden Gaming during fiscal 2015, Lakes plans to sell its corporate office facility located in Minnetonka, Minnesota. As a result, this asset will be classified as held for sale during the first quarter of 2015. The corporate office facility is carried at $4.6 million, net of accumulated depreciation, on Lakes’ consolidated balance sheet as of December 28, 2014.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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