Note 7 - Segment Information

3 Months Ended

Mar. 31, 2013

Segment Reporting Disclosure [Text Block]

(7)   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 and certain of our products.  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,
	2013			2012
Revenues:
Spa Operations	$	130,403		$	127,700
Products		42,382			35,536
Schools		19,860			21,130
Laser Hair Removal		31,692			19,973
Other		(12,323	)		(5,806	)
Total	$	212,014		$	198,533
Income from Operations:
Spa Operations	$	11,862		$	10,876
Products		3,766			1,821
Schools		1,122			2,259
Laser Hair Removal		3,714			2,613
Other		(4,690	)		159
Total	$	15,774		$	17,728

	March 31,			December 31,
	2013			2012
Identifiable Assets:
Spa Operations	$	213,911		$	210,757
Products		184,402			178,108
Schools		125,455			131,355
Laser Hair Removal		291,915			286,170
Other		(64,846	)		(58,808	)
Total	$	750,837		$	747,582

Included in Spa Operations, Products, Laser Hair Removal and Schools is goodwill of $51.0 million, $23.7 million, $195.1 million and $58.4 million, respectively, as of March 31, 2013 and December 31, 2012.

Products segment revenues excluding intercompany transactions was $30.0 million and $29.3 million for the three months ended March 31, 2013 and March 31, 2012, respectively.