XML 71 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations and Comprehensive Earnings (Loss) (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 28, 2014
Dec. 29, 2013
Dec. 30, 2012
Revenues:      
Management fees   $ 7,762,000us-gaap_ContractsRevenue $ 7,726,000us-gaap_ContractsRevenue
Gaming 43,458,000us-gaap_CasinoRevenue 22,673,000us-gaap_CasinoRevenue  
Room 6,289,000us-gaap_OccupancyRevenue 4,096,000us-gaap_OccupancyRevenue 1,383,000us-gaap_OccupancyRevenue
Food and beverage 6,157,000us-gaap_FoodAndBeverageRevenue 3,775,000us-gaap_FoodAndBeverageRevenue 1,281,000us-gaap_FoodAndBeverageRevenue
Other operating 2,301,000us-gaap_OtherHotelOperatingRevenue 1,526,000us-gaap_OtherHotelOperatingRevenue 498,000us-gaap_OtherHotelOperatingRevenue
License fees and other 151,000us-gaap_LicensesRevenue 94,000us-gaap_LicensesRevenue 64,000us-gaap_LicensesRevenue
Gross revenues 58,356,000us-gaap_Revenues 39,926,000us-gaap_Revenues 10,952,000us-gaap_Revenues
Less promotional allowances 3,184,000us-gaap_PromotionalAllowances 1,136,000us-gaap_PromotionalAllowances 0us-gaap_PromotionalAllowances
Net revenues 55,172,000us-gaap_SalesRevenueNet 38,790,000us-gaap_SalesRevenueNet 10,952,000us-gaap_SalesRevenueNet
Costs and expenses:      
Gaming 25,031,000us-gaap_CasinoExpenses 13,470,000us-gaap_CasinoExpenses  
Room 694,000us-gaap_OccupancyCosts 863,000us-gaap_OccupancyCosts 296,000us-gaap_OccupancyCosts
Food and beverage 4,771,000us-gaap_FoodAndBeverageCostOfSales 3,758,000us-gaap_FoodAndBeverageCostOfSales 955,000us-gaap_FoodAndBeverageCostOfSales
Other operating 1,419,000us-gaap_OtherCostAndExpenseOperating 1,420,000us-gaap_OtherCostAndExpenseOperating 415,000us-gaap_OtherCostAndExpenseOperating
Selling, general and administrative 22,566,000us-gaap_SellingGeneralAndAdministrativeExpense 19,332,000us-gaap_SellingGeneralAndAdministrativeExpense 10,191,000us-gaap_SellingGeneralAndAdministrativeExpense
Recovery of impairment on notes receivable   (17,382,000)us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries  
Gain on extinguishment of liabilities   (3,752,000)us-gaap_GainsLossesOnExtinguishmentOfDebt  
Gain on sale of cost method investment (2,391,000)us-gaap_CostMethodInvestmentsRealizedGainLoss    
Charges related to arbitration award 2,530,000laco_GainLossRelatedToArbitrationAward    
Impairments and other losses 20,997,000us-gaap_OtherAssetImpairmentCharges 3,356,000us-gaap_OtherAssetImpairmentCharges 4,453,000us-gaap_OtherAssetImpairmentCharges
Preopening expenses   1,184,000us-gaap_PreOpeningCosts  
Amortization of intangible assets related to Indian casino projects   716,000us-gaap_AmortizationOfIntangibleAssets 1,056,000us-gaap_AmortizationOfIntangibleAssets
Gain on sale of land (66,000)laco_GainLossOnSaleOfLandClassifiedAsHeldForSale    
Loss on disposal of property and equipment 59,000us-gaap_GainLossOnDispositionOfAssets 143,000us-gaap_GainLossOnDispositionOfAssets  
Depreciation and amortization 3,513,000us-gaap_DepreciationAndAmortization 2,273,000us-gaap_DepreciationAndAmortization 675,000us-gaap_DepreciationAndAmortization
Total costs and expenses 79,123,000us-gaap_CostsAndExpenses 25,381,000us-gaap_CostsAndExpenses 18,041,000us-gaap_CostsAndExpenses
Earnings (loss) from operations (23,951,000)us-gaap_OperatingIncomeLoss 13,409,000us-gaap_OperatingIncomeLoss (7,089,000)us-gaap_OperatingIncomeLoss
Other income (expense):      
Interest income 151,000us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio 4,803,000us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio 6,442,000us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
Interest expense (1,209,000)us-gaap_InterestExpenseDebt (1,244,000)us-gaap_InterestExpenseDebt (940,000)us-gaap_InterestExpenseDebt
Gain on modification of debt   1,658,000us-gaap_GainsLossesOnRestructuringOfDebt  
Legal settlement (2,500,000)us-gaap_GainLossRelatedToLitigationSettlement   2,160,000us-gaap_GainLossRelatedToLitigationSettlement
Other 164,000us-gaap_OtherNonoperatingIncomeExpense 25,000us-gaap_OtherNonoperatingIncomeExpense 123,000us-gaap_OtherNonoperatingIncomeExpense
Total other income (expense), net (894,000)us-gaap_NonoperatingIncomeExpense 5,242,000us-gaap_NonoperatingIncomeExpense 7,785,000us-gaap_NonoperatingIncomeExpense
Earnings (loss) before income taxes (24,845,000)us-gaap_ResultsOfOperationsIncomeBeforeIncomeTaxes 18,651,000us-gaap_ResultsOfOperationsIncomeBeforeIncomeTaxes 696,000us-gaap_ResultsOfOperationsIncomeBeforeIncomeTaxes
Income tax benefit 0us-gaap_IncomeTaxExpenseBenefit 0us-gaap_IncomeTaxExpenseBenefit (2,464,000)us-gaap_IncomeTaxExpenseBenefit
Net earnings (loss) including noncontrolling interest (24,845,000)us-gaap_ProfitLoss 18,651,000us-gaap_ProfitLoss 3,160,000us-gaap_ProfitLoss
Net loss attributable to noncontrolling interest     61,000us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net earnings (loss) attributable to Lakes Entertainment, Inc. (24,845,000)us-gaap_NetIncomeLoss 18,651,000us-gaap_NetIncomeLoss 3,221,000us-gaap_NetIncomeLoss
Other comprehensive loss (22,000)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent    
Comprehensive earnings (loss) $ (24,867,000)us-gaap_ComprehensiveIncomeNetOfTax $ 18,651,000us-gaap_ComprehensiveIncomeNetOfTax $ 3,221,000us-gaap_ComprehensiveIncomeNetOfTax
Weighted-average common shares outstanding      
Basic (in Shares) 13,379us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 13,242us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 13,219us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Dilutive impact of stock options (in Shares)   103us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment 1us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment
Diluted (in Shares) 13,379us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 13,345us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 13,220us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Earnings (loss) per share      
Basic (in Dollars per share) $ (1.86)us-gaap_EarningsPerShareBasic $ 1.41us-gaap_EarningsPerShareBasic $ 0.24us-gaap_EarningsPerShareBasic
Diluted (in Dollars per share) $ (1.86)us-gaap_EarningsPerShareDiluted $ 1.40us-gaap_EarningsPerShareDiluted $ 0.24us-gaap_EarningsPerShareDiluted