Note 9 - Segment Information

9 Months Ended

Sep. 30, 2011

Segment Reporting Disclosure [Text Block]

(9)           SEGMENT INFORMATION:

Our operating segments are aggregated into reportable business segments based upon similar economic characteristics, products, services, customers and delivery methods.  Additionally, the operating segments represent components of the Company for which separate financial information is available that is utilized on a regular basis by the chief executive officer in determining how to allocate the Company's resources and evaluate performance.

We have three reportable segments:  (1) Spa Operations, which sells spa services and beauty products onboard cruise ships and on land at resort or hotel spas and day spas; (2) Products, which sells a variety of high quality beauty products to third parties other than those above; and (3) Schools, which offers programs in massage therapy and skin care. Amounts included in "Other" include various corporate items such as unallocated overhead and intercompany transactions.

Information about our segments is as follows (in thousands):

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
Revenues:
Spa Operations	$	132,601		$	118,242		$	378,801		$	331,157
Products		39,764			32,348			110,623			95,544
Schools		15,712			16,658			49,550			49,741
Other		(8,721	)		(6,104	)		(23,227	)		(18,331	)
Total	$	179,356		$	161,144		$	515,747		$	458,111
Income from Operations:
Spa Operations	$	10,028		$	9,787		$	29,811		$	22,960
Products		2,507			2,752			6,450			6,481
Schools		1,964			3,679			9,275			11,910
Other		(853	)		(1,322	)		(800	)		(2,234	)
Total	$	13,646		$	14,896		$	44,736		$	39,117

	September 30,			December 31,
	2011			2010
Identifiable Assets:
Spa Operations	$	239,207		$	213,090
Products		177,133			160,014
Schools		90,592			93,164
Other		(80,585	)		(65,373	)
Total	$	426,347		$	400,895

Included in Spa Operations, Products and Schools is goodwill of $51.0 million, $23.7 million and $42.4 million, respectively, as of September 30, 2011 and $48.8 million, $23.7 million and $42.4 million, respectively, as of December 31, 2010.