Other income, net, was $4.2 million for the nine months ended September 30, 2012 compared to $3.9 million for the nine months ended October 2, 2011, a significant portion of which relates to non-cash accretion of interest on the Company’s notes receivable.The income tax benefit for the nine months ended September 30, 2012 was $2.2 million compared to a benefit of $0.5 million for the prior year period. Lakes’ income tax benefit in the current year period was primarily due to the Company’s ability to carry back its estimated 2012 taxable loss to a prior year and receive a refund of taxes previously paid. Lakes’ income tax benefit in the prior year period was primarily due to 2011 timing differences and related valuation allowances.
Lakes Entertainment Announces Results For Third Quarter 2012
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