9. SEGMENTS

We have two reportable segments:

•

Resort ownership/operation — aggregated operating results derived from our consolidated owned resorts; and

•

Resort third-party management/licensing — aggregated operating results derived from management, license and other related fees from unconsolidated managed resorts.

The Other items in the table below includes items that do not constitute a reportable segment and represent corporate-level activities and the activities of other operations not included in the Resort Ownership/Operation or Resort Third-Party Management/License segments. Total assets at the corporate level primarily consist of cash, our investment in affiliates, and intangibles. Total assets for all segments are located within the United States.

The following summarizes significant financial information regarding our segments:


	Resort Ownership/ Operation		Resort Third-Party Management /License		Other			Totals per Financial Statements
Three months ended June 30, 2013 (Successor)
Revenues	$	69,544	$	8,156	$	1,062		$	78,762

Depreciation and amortization		9,738		—		723			10,461
Net operating income (loss)		7,379		1,937		(642	)		8,674
Investment income – affiliates		—		—		—			405
Interest income		—		—		—			55
Interest expense		—		—		—			(9,664	)
Equity in unconsolidated affiliates		—		—		—			(262	)

Loss from continuing operations before income taxes		—		—		—		$	(792	)

Additions to long-lived assets		9,334		—		388		$	9,722


	Resort Ownership/ Operation		Resort Third-Party Management /License		Other			Totals per Financial Statements
Period May 5, 2012 through June 30, 2012 (Successor)
Revenues	$	42,664	$	4,622	$	778		$	48,064

Depreciation and amortization		6,950		—		829			7,779
Net operating income (loss)		3,385		1,012		(2,905	)		1,492
Investment income – affiliates		—		—		—			137
Interest income		—		—		—			31
Interest expense		—		—		—			(6,259	)
Equity in unconsolidated affiliates		—		—		—			(423	)

Loss from continuing operations before income taxes		—		—		—		$	(5,022	)

Additions to long-lived assets		3,258		—		6		$	3,264

Total assets		758,652		1,207		109,836		$	869,695


	Resort Ownership/ Operation		Resort Third-Party Management /License		Other			Totals per Financial Statements
Period April 1, 2012 through May 4, 2012 (Predecessor)
Revenues	$	27,157	$	3,394	$	552		$	31,103

Depreciation and amortization		4,179		—		271			4,450
Net operating income (loss)		3,280		1,143		(13,034	)		(8,611	)
Investment income – affiliates		—		—		—			83
Interest income		—		—		—			24
Interest expense		—		—		—			(4,359	)
Equity in unconsolidated affiliates		—		—		—			461

Loss from continuing operations before income taxes		—		—		—		$	(12,402	)


	Resort Ownership/ Operation		Resort Third-Party Management /License		Other			Totals per Financial Statements
Six months ended June 30, 2013 (Successor)
Revenues	$	142,866	$	16,309	$	1,758		$	160,933

Depreciation and amortization		20,392		—		1,944			22,336
Net operating income (loss)		19,579		3,991		(4,940	)		18,630
Investment income – affiliates		—		—		—			648
Interest income		—		—		—			119
Interest expense		—		—		—			(19,363	)
Equity in unconsolidated affiliates		—		—		—			(1,504	)

Loss from continuing operations before income taxes		—		—		—		$	(1,470	)

Additions to long-lived assets		10,788		—		553		$	11,341

Total assets		752,521		7,825		118,192		$	878,538


	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	)
Equity in unconsolidated affiliates		—		—		—			558

Loss from continuing operations before income taxes		—		—		—		$	(21,197	)

Additions to long-lived assets		2,173		—		64		$	2,237