DISCLOSURES ABOUT SEGMENTS OF AN ENTERPRISE AND RELATED INFORMATION (Tables)

9 Months Ended

Sep. 30, 2013

DISCLOSURES ABOUT SEGMENTS OF AN ENTERPRISE AND RELATED INFORMATION

Schedule of financial information by reportable business segment

Financial information by reportable business segment is summarized as follows (in thousands):

	Membership
	Services			Retail			Combined
THREE MONTHS ENDED SEPTEMBER 30, 2013
Revenues from external customers	$	46,457		$	102,463		$	148,920
Depreciation and amortization	504			1,866			2,370
Loss on sale of property and equipment	(1		)	(94		)	(95		)
Interest income	562			—			562
Interest expense	26			526			552
Segment operating profit	16,770			4,368			21,138
THREE MONTHS ENDED SEPTEMBER 30, 2012
Revenues from external customers	$	44,254		$	95,359		$	139,613
Depreciation and amortization	1,046			1,822			2,868
Gain (loss) on sale of property and equipment	1			(3		)	(2		)
Interest income	641			—			641
Interest expense	25			643			668
Segment operating profit	14,724			3,230			17,954
NINE MONTHS ENDED SEPTEMBER 30, 2013
Revenues from external customers	146,350			273,479			419,829
Depreciation and amortization	1,656			5,530			7,186
Gain (loss) on sale of property and equipment	1,833			(105		)	1,728
Interest income	1,746			—			1,746
Interest expense	89			1,641			1,730
Segment operating profit	55,552			7,609			63,161
NINE MONTHS ENDED SEPTEMBER 30, 2012
Revenues from external customers	140,661			255,344			396,005
Depreciation and amortization	2,965			5,259			8,224
Gain (loss) on sale of property and equipment	1,302			(45		)	1,257
Interest income	1,977			—			1,977
Interest expense	25			1,896			1,921
Segment operating profit	47,839			5,902			53,741

Schedule of reconciliation of operating profit for reportable segments to the Company's consolidated income before taxes

The following is a reconciliation of operating profit for reportable segments to the Company’s consolidated income before taxes for the three months and nine months ended September 30, 2013 and 2012 (in thousands):

	THREE MONTHS ENDED						NINE MONTHS ENDED
	9/30/2013			9/30/2012			9/30/2013			9/30/2012
Income Before Income Taxes
Total operating profit for reportable segments	$	21,138		$	17,954		$	63,161		$	53,741
Unallocated G & A expense	(3,490		)	(4,020		)	(9,864		)	(10,779		)
Unallocated depreciation and amortization expense	(750		)	(923		)	(2,145		)	(2,399		)
Unallocated gain on derivative instrument	—			1,259			—			3,448
Unallocated loss on debt repayment	—			—			—			(440		)
Elimination of intercompany interest income	(365		)	(426		)	(1,149		)	(1,326		)
Unallocated interest expense, net of intercompany elimination	(9,206		)	(10,523		)	(27,592		)	(31,631		)
Income before income taxes	$	7,327		$	3,321		$	22,411		$	10,614

Schedule of reconciliation of assets of reportable segments to the consolidated total assets

The following is a reconciliation of assets of reportable segments to the Company’s consolidated total assets as of September 30, 2013 and December 31, 2012 (in thousands):

	9/30/2013			12/31/2012
Membership Services segment	$	310,317		$	297,012
Retail segment	119,550			101,047
Total assets for reportable segments	429,867			398,059
Intangible assets not allocated to segments	7,885			8,851
Corporate unallocated assets	8,755			8,625
Elimination of intersegment receivable	(182,775		)	(185,174		)
Total assets	$	263,732		$	230,361