DISCONTINUED OPERATION

3 Months Ended

Mar. 31, 2012

DISCONTINUED OPERATION

9. DISCONTINUED OPERATION

RBH is presented as a discontinued operation in the accompanying statement of operations for the Successor Period while the assets and liabilities are presented as held for sale in the accompanying balance sheet as of March 31, 2012 due to the pending sale, as discussed in Note 1.

Assets and liabilities of RBH are summarized as follows (in thousands):

	March 31, 2012		December 31, 2011
Cash and cash equivalents	$	6,035	$	5,936
Accounts receivable-net		195		200
Inventories		97		79
Prepaid expenses and other assets		723		516
Total current assets		7,050		6,731
Property and equipment, net		39,817		40,826
Goodwill		1,430		1,430
Intangible assets, net		6,653		7,015
Other assets, net		8		10
Total assets of discontinued operations held for sale	$	54,958	$	56,012
Current portion of long-term debt	$	44	$	45
Accounts payable		638		631
Accrued expenses		3,537		3,880
Total current liabilities		4,219		4,556
Accounts payable subject to compromise		-		-
Capital lease, net of current portion		15		26
Total liabilities of discontinued operations held for sale	$	4,234	$	4,582

Operating results of discontinued operations are summarized as follows (in thousands):

	Successor			Predecessor
	January 1, 2012 Through			January 1, 2011 Through
	March 31, 2012			March 31, 2011
Net revenues	$	10,013		$	10,030
Operating costs and expenses		8,744			8,352
Income from operations		1,269			1,678
Income tax expense		(457	)		-
Net income	$	812		$	1,678