Note 9 - Segment Information

3 Months Ended

Mar. 31, 2012

Segment Reporting Disclosure [Text Block]

(9)   SEGMENT INFORMATION:

Our Maritime and Land-Based Spas operating segments are aggregated into a reportable segment 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 operate in four reportable segments:  (1) Spa Operations, which sells spa services and beauty products onboard cruise ships, on land at hotels and at day spas; (2) Products, which sells a variety of high quality beauty products to third parties through channels other than those above; (3) Schools, which offers programs in massage therapy and skin care; and (4) Laser Hair Removal, which sells laser hair removal services.  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
	March 31,
	2012			2011
Revenues:
Spa Operations	$	127,700		$	122,027
Products		35,536			35,031
Schools		21,130			17,411
Laser Hair Removal		19,973			--
Other		(5,806	)		(6,470	)
Total	$	198,533		$	167,999
Income from Operations:
Spa Operations	$	10,876		$	10,636
Products		1,821			1,402
Schools		2,259			4,085
Laser Hair Removal		2,613			--
Other		159			258
Total	$	17,728		$	16,381

	March 31,			December 31,
	2012			2011
Identifiable Assets:
Spa Operations	$	218,758		$	221,524
Products		178,920			176,703
Schools		119,620			131,179
Laser Hair Removal		270,922			263,429
Other		(69,224	)		(80,406	)
Total	$	718,996		$	712,429

Included in Spa Operations, Products, Schools and Laser Hair Removal is goodwill of $51.0 million, $23.7 million, $57.2 million and $195.1 million, respectively, as of each of March 31, 2012 and December 31, 2011.