DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2012

DISCONTINUED OPERATIONS [Abstract]

DISCONTINUED OPERATIONS

12. DISCONTINUED OPERATIONS

RBH is presented as a discontinued operation in the accompanying statement of operations for the Successor Period and the assets and liabilities have been reported as held for sale in the accompanying balance sheet through the date the transaction was completed, as discussed in Note 1. The sale of RBH closed on April 26, 2012.

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

	December 31, 2011
Cash and cash equivalents	$	5,936
Accounts receivable-net		200
Inventories		79
Prepaid expenses and other assets		516
Total current assets		6,731
Property and equipment, net		40,826
Goodwill		1,430
Intangible assets, net		7,015
Other assets, net		10
Total assets of discontinued operations held for sale	$	56,012
Current portion of long-term debt	$	45
Accounts payable		631
Accrued expenses		3,880
Total current liabilities		4,556
Capital Lease, net of current portion		26
Total liabilities of discontinued operations held for sale	$	4,582

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

	Successor						Predecessor
	January 1, 2012 Through			April 1, 2011 Through			January 1, 2011 Through		Year Ended
	December 31, 2012			December 31, 2011			March 31, 2011		December 31, 2010
Net revenues	$	12,686		$	29,523		$	10,030	$	39,821
Operating costs and expenses		11,137			25,008			8,352		34,702
Income from operations		1,549			4,515			1,678		5,119
Gain on Disposal		25,387			-			-		-
Income tax expense		(9,697	)		(1,626	)		-		(1,845	)
Net income	$	17,239		$	2,889		$	1,678	$	3,274