SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2012

Summary of Intangible Assets

A summary of our intangibles is as follows:

	Successor September 30, 2012		Predecessor December 31, 2011
Brand names	$	40,800	$	23,829
Management contracts, net of amortization		8,015		—
Patented and unpatented technologies		1,821		1,481
	$	50,636	$	25,310

Increase in Goodwill from Merger and Acquisition

Balance as of January 1, 2011 (Predecessor)
Goodwill recorded related to the acquisition of the majority interest in CK	$	1,365
Balance as of December 31, 2011 and May 4, 2012 (Predecessor)	$	1,365
Goodwill removed as a result of the Merger		(1,365	)
Goodwill recorded related to the Merger		97,497
Balance as of September 30, 2012 (Successor)	$	97,497

Segments Financial Information

	Resort Ownership/ Operation			Resort Third-Party Management /License		Other			Totals per Financial Statements
Three months ended September 30, 2012 (Successor)
Revenues	$	77,425		$	8,123	$	1,813		$	87,361
Depreciation and amortization		(10,520	)		—		(1,246	)		(11,766	)
Net operating income (loss)		14,551			2,183		(3,119	)		13,615
Investment income – affiliates		—			—		—			(220	)
Interest income		—			—		—			(48	)
Interest expense		—			—		—			10,015
Income from continuing operations before income taxes and equity in income of unconsolidated affiliates		—			—		—		$	3,868
Total assets		747,092			1,238		128,068		$	876,398

	Resort Ownership/ Operation			Resort Third-Party Management /License		Other			Totals per Financial Statements
Period May 5, 2012 through September 30, 2012 (Successor)
Revenues	$	120,089		$	12,745	$	2,591		$	135,425
Depreciation and amortization		(17,470	)		—		(2,075	)		(19,545	)
Net operating income (loss)		17,936			3,198		(6,027	)		15,107
Investment income – affiliates		—			—		—			(357	)
Interest income		—			—		—			(79	)
Interest expense		—			—		—			16,274
Loss from continuing operations before income taxes and equity in income of unconsolidated affiliates		—			—		—		$	(731	)
Additions to long-lived assets		5,968			—		200		$	6,168

	Resort Ownership/ Operation			Resort Third-Party Management /License		Other			Totals per Financial Statements
Period January 1, 2012 through May 4, 2012 (Predecessor)
Revenues	$	95,876		$	10,906	$	1,110		$	107,892
Depreciation and amortization		(15,476	)		—		(993	)		(16,469	)
Net operating income (loss)		11,070			2,813		(20,007	)		(6,124	)
Investment income – affiliates		—			—		—			(303	)
Interest income		—			—		—			(82	)
Interest expense		—			—		—			16,016
Loss from continuing operations before income taxes and equity in income of unconsolidated affiliates		—			—		—		$	(21,755	)
Additions to long-lived assets		2,173			—		64		$	2,237

	Resort Ownership/ Operation			Resort Third-Party Management /License		Other			Totals per Financial Statements
Three months ended September 30, 2011(Predecessor)
Revenues	$	74,194		$	7,462	$	1,895		$	83,551
Depreciation and amortization		(14,045	)		—		(754	)		(14,799	)
Net operating income		11,243			1,868		81			13,192
Investment income – affiliates		—			—		—			(220	)
Interest income		—			—		—			(50	)
Interest expense		—			—		—			11,969
Income from continuing operations before income taxes and equity in income of unconsolidated affiliates		—			—		—		$	1,493
Additions to long-lived assets		2,400			—		146		$	2,546

	Resort Ownership/ Operation			Resort Third-Party Management /License		Other			Totals per Financial Statements
Nine months ended September 30, 2011(Predecessor)
Revenues	$	204,655		$	22,145	$	4,361		$	231,161
Depreciation and amortization		(39,083	)		—		(2,279	)		(41,362	)
Net operating income (loss)		19,086			5,303		(2,556	)		21,833
Investment income – affiliates		—			—		—			(682	)
Interest income		—			—		—			(156	)
Interest expense		—			—		—			36,174
Loss from continuing operations before income taxes and equity in income of unconsolidated affiliates		—			—		—		$	(13,503	)
Additions to long-lived assets		7,362			—		358		$	7,720
Total assets		611,112			927		109,510		$	721,549