For the first nine months of 2011, Lakes’ selling, general and administrative expenses were $7.5 million compared to $9.4 million for the first nine months of 2010. The decline in current year selling, general and administrative expenses compared to the prior year resulted primarily from decreases in payroll and related expenses.As previously mentioned, during the third quarter of 2011, Lakes entered into an agreement for the purpose of managing and redeveloping the existing Dania Jai Alai fronton in Dania Beach, Florida. The Company’s partner in this project has an agreement to purchase the Jai Alai fronton. Lakes made an initial investment of $4.0 million related to the project via a convertible promissory note that would convert to equity upon the closing of the Jai Alai fronton purchase. As a result of third party litigation recently filed against the city of Dania Beach relating to the development agreement for the renovation of the Dania Jai Alai fronton, the Florida legislature introducing legislation to permit full casino resorts in southern Florida, and the deterioration of the credit market since advancing the funds for this note, the value of the note was written down to zero as of October 2, 2011 and Lakes recognized a loss on convertible note receivable of $4.0 million during the third quarter of 2011. Lakes recognized impairments and other losses of $2.6 million and $4.0 million during the nine months ended October 2, 2011 and October 3, 2010, respectively. The current year losses relate primarily to the continued uncertainty surrounding the completion of the Jamul project. The prior year losses related to the termination of the Company’s agreements with the Iowa Tribe as well as losses related to the continued uncertainty surrounding the completion of the Jamul project. For the nine months ended October 2, 2011, net unrealized losses on notes receivable were $2.1 million, compared to net unrealized gains of $0.8 million in the prior year period. The net unrealized losses in the current year relate to the Jamul Tribe due primarily to ongoing issues in the credit markets. The net unrealized gains in the prior year period were primarily related to the Iowa Tribe which resulted from the termination agreement with the Iowa Tribe in May 2010.