Note 5 - Accrued Expenses

9 Months Ended

Sep. 30, 2011

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

(5)           ACCRUED EXPENSES:

Accrued expenses consists of the following (in thousands):

	September 30,		December 31,
	2011		2010
Operative commissions	$	4,612	$	3,001
Minimum cruise line commissions		5,132		4,636
Payroll and bonuses		7,929		9,500
Rent		1,024		1,134
Other		17,364		16,703
Total	$	36,061	$	34,974

Under most of our concession agreements with cruise lines and certain of our leases with land-based spas, we are required to make minimum annual payments, irrespective of the amounts of revenues received from those operations.  These minimum annual payments are expensed/accrued over the applicable 12-month period.