Deferred Charges

12 Months Ended

Dec. 31, 2012

Deferred Charges

NOTE 9 - DEFERRED CHARGES

Deferred charges at December 31, 2012 and 2011 include (in thousands):

	2012		2011
Initial franchise fees	$	6,201	$	5,810
Deferred financing costs		9,500		7,581
		15,701		13,391
Less accumulated amortization		6,806		4,467
Total	$	8,895	$	8,924

Amortization expense for 2012, 2011 and 2010 was (in thousands):

	2012		2011		2010
Initial franchise fees	$	784	$	834	$	156
Deferred financing costs		2,298		2,193		1,822
	$	3,082	$	3,027	$	1,978

Future amortization expense is expected to be (in thousands):

2013	$	2,733
2014		1,871
2015		906
2016		703
2017		501
Thereafter		2,181
	$	8,895