ClubCorp (MYCC) Inactive 10-Q24 Jul 142014 Q2 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 17, 2014	Jul. 21, 2014
Document and Entity Information	'	'
Entity Registrant Name	'ClubCorp Holdings, Inc.	'
Entity Central Index Key	'0001577095	'
Document Type	'10-Q	'
Document Period End Date	17-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-30	'
Entity Current Reporting Status	'Yes	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	64,428,380
Trading Symbol	'MYCC	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 17, 2014	Jun. 11, 2013	Jun. 17, 2014	Jun. 11, 2013
REVENUES:	'	'	'	'
Club operations	$146,253	$136,871	$269,070	$251,209
Food and beverage	64,055	57,890	106,361	97,806
Other revenues	1,110	858	1,710	1,664
Total revenues	211,418	195,619	377,141	350,679
DIRECT AND SELLING, GENERAL AND ADMINISTRATIVE EXPENSES:	'	'	'	'
Club operating costs exclusive of depreciation	133,444	122,664	244,430	226,857
Cost of food and beverage sales exclusive of depreciation	20,458	18,126	34,938	31,994
Depreciation and amortization	16,799	16,312	33,245	32,467
Provision for doubtful accounts	382	192	146	902
Loss on disposals of assets	2,534	2,412	4,603	3,631
Asset Impairment Charges	895	1,881	895	1,881
Equity in earnings from unconsolidated ventures	-323	-325	-833	-542
Selling, general and administrative	15,688	10,589	27,184	20,497
OPERATING INCOME	21,541	23,768	32,533	32,992
Interest and investment income	87	69	169	144
Interest expense	-15,572	-19,567	-31,298	-39,147
Gains (Losses) on Extinguishment of Debt	-31,498	0	-31,498	0
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	-25,442	4,270	-30,094	-6,011
INCOME TAX BENEFIT	7,966	2,848	8,830	2,643
(LOSS) INCOME FROM CONTINUING OPERATIONS	-17,476	7,118	-21,264	-3,368
(Loss) income from discontinued clubs, net of income tax (expense) benefit of ($2) and $4 for the twelve weeks ended June 17, 2014 and June 11, 2013, respectively, and $1 and $4 for the twenty-four weeks ended June 17, 2014 and June 11, 2013, respectively	-1	4	-1	-1
Net loss	-17,477	7,122	-21,265	-3,369
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	-136	-43	-74	-2
NET (LOSS) INCOME ATTRIBUTABLE TO CLUBCORP	-17,613	7,079	-21,339	-3,371
Foreign currency translation, net of tax	466	-640	147	442
OTHER COMPREHENSIVE INCOME (LOSS)	466	-640	147	442
COMPREHENSIVE (LOSS) INCOME	-17,011	6,482	-21,118	-2,927
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	-136	-43	-74	-2
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO CLUBCORP	($17,147)	$6,439	($21,192)	($2,929)
Weighted Average Number of Shares Outstanding, Basic	63,964	50,570	63,863	50,570
Weighted Average Number of Shares Outstanding, Diluted	63,964	50,570	63,863	50,570
(Loss) income from continuing operations attributable to ClupCorp per basic share	($0.28)	$0.14	($0.33)	($0.07)
(Loss) income from discontinued clubs attributable to ClupCorp per basic share	$0	$0	$0	$0
Earnings Per Share, Basic	($0.28)	$0.14	($0.33)	($0.07)
(Loss) income from continuing operations attributable to ClupCorp per diluted share	($0.28)	$0.14	($0.33)	($0.07)
(Loss) income from discontinued clubs attributable to ClupCorp per diluted share	$0	$0	$0	$0
Earnings Per Share, Diluted	($0.28)	$0.14	($0.33)	($0.07)
Common Stock, Dividends, Per Share, Declared	$0	$0	$0.12	$0.69

CONSOLIDATED_STATEMENTS_OF_OPE1

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 17, 2014	Jun. 11, 2013	Jun. 17, 2014	Jun. 11, 2013
Income Statement [Abstract]	'	'	'	'
Income (loss) from discontinued clubs, income tax (expense) benefit	($2)	$4	$1	$4

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 17, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Jun. 17, 2014	Dec. 31, 2013
CURRENT ASSETS:	'	'
Cash and cash equivalents	$78,915	$53,781
Receivables, net of allowances of $3,152 and $3,666 at June 17, 2014 and December 31, 2013, respectively	70,382	83,161
Inventories	19,143	15,819
Prepaids and other assets	16,547	13,339
Deferred tax assets, net	10,403	10,403
Total current assets	195,390	176,503
Investments	6,992	8,032
Property and equipment, net (includes $9,285 and $9,347 related to VIEs at June 17, 2014 and December 31, 2013, respectively)	1,260,746	1,234,903
Notes receivable, net of allowances of $646 and $724 at June 17, 2014 and December 31, 2013, respectively	5,057	4,756
Goodwill	258,459	258,459
Intangibles, net	27,017	27,234
Other assets	24,334	26,330
TOTAL ASSETS	1,777,995	1,736,217
CURRENT LIABILITIES:	'	'
Current maturities of long-term debt	12,308	11,567
Membership initiation deposits - current portion	124,929	112,212
Accounts payable	29,493	26,764
Accrued expenses	30,032	36,772
Accrued taxes	18,385	20,455
Other liabilities	67,905	79,300
Total current liabilities	283,052	287,070
Long-term debt (includes $13,286 and $13,157 related to VIEs at June 17, 2014 and December 31, 2013, respectively)	716,779	638,112
Membership initiation deposits	202,900	204,152
Deferred tax liability	201,374	210,989
Other liabilities (includes $21,714 and $21,233 related to VIEs at June 17, 2014 and December 31, 2013, respectively)	162,696	157,944
Total liabilities	1,566,801	1,498,267
Commitments and contingencies (See Note 13)	'	'
EQUITY	'	'
Common stock of ClubCorp Holdings, Inc., $0.01 par value, 200,000,000 shares authorized; 64,428,380 and 63,789,730 issued and outstanding at June 17, 2014 and December 31, 2013, respectively	644	638
Additional paid-in capital	314,630	320,274
Accumulated other comprehensive loss	-923	-1,070
Retained deficit	-114,008	-92,669
Total stockholders' equity	200,343	227,173
Noncontrolling interests in consolidated subsidiaries and variable interest entities	10,851	10,777
Total equity	211,194	237,950
TOTAL LIABILITIES AND EQUITY	$1,777,995	$1,736,217

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 17, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified	Jun. 17, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Receivables, allowances	$3,152	$3,666
Property and equipment, net, related to VIEs	9,285	9,347
Notes receivable, allowances	646	724
Long-term debt, related to VIEs	13,286	13,157
Variable Interest Entity, Consolidated, Carrying Amount, Other Long Term Liabilities	$21,714	$21,233
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	64,428,380	63,789,730
Common stock, shares outstanding (in shares)	64,428,380	63,789,730

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 17, 2014	Jun. 11, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss	($21,265)	($3,369)
Adjustments to reconcile net loss to cash flows from operating activities:	'	'
Depreciation	33,029	31,149
Amortization	216	1,318
Asset Impairment Charges, Including Discontinued Operations	895	1,881
Bad debt expense	142	909
Equity in earnings from unconsolidated ventures	-833	-542
Distribution from investment in unconsolidated ventures	1,844	1,545
Loss on disposals of assets	4,653	3,627
Amortization and write-off of debt issuance costs and amortization of term loan discount	5,189	1,053
Accretion of discount on member deposits	9,377	9,328
Amortization of above and below market rent intangibles	-140	95
Share-based Compensation	2,088	0
Debt early redemption premium	27,452	0
Net change in deferred tax assets and liabilities	-11,105	2,069
Net change in prepaid expenses and other assets	-6,573	-5,804
Net change in receivables and membership notes	15,781	-21,746
Net change in accounts payable and accrued liabilities	-4,600	-4,537
Net change in other current liabilities	-7,529	17,618
Net change in other long-term liabilities	2,260	3,131
Net cash provided by operating activities	50,881	37,725
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Purchase of property and equipment	-35,459	-21,321
Payments to Acquire Businesses, Net of Cash Acquired	-17,187	-5,228
Proceeds from dispositions	248	43
Net change in restricted cash and capital reserve funds	-337	-96
Return of capital in equity investments	29	54
Net cash used in investing activities	-52,706	-26,548
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Repayments of long-term debt	-275,566	-18,207
Proceeds from Issuance of Long-term Debt	348,250	713
Repayments of revolving credit facility	-11,200	0
Proceeds from revolving credit facility	11,200	0
Debt early redemption premium,	-27,452	0
Payments of Debt Issuance Costs	-2,638	-13
Payments of Capital Distribution	-15,302	-35,000
Proceeds from new membership initiation deposits	451	494
Repayments of membership initiation deposits	-803	-659
Net cash used in financing activities	26,940	-52,672
EFFECT OF EXCHANGE RATE CHANGES ON CASH	19	39
NET INCREASE IN CASH AND CASH EQUIVALENTS	25,134	-41,456
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	53,781	81,965
CASH AND CASH EQUIVALENTS - END OF PERIOD	78,915	40,509
Supplemental Cash Flow Information [Abstract]	'	'
Interest Paid	18,716	28,604
Income Taxes Paid	$2,650	$1,675

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $)	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Deficit	Noncontrolling Interests in Consolidated Subsidiaries	Common Class A [Member]
In Thousands, except Share data, unless otherwise specified	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	Common Class A [Member]
BALANCE at Dec. 25, 2012	$143,082	$506	$184,460	($672)	($51,777)	$10,565	'
Common stock, shares outstanding (in shares)	'	'	'	'	'	'	50,569,730
Stock Issued During Period, Distribution to Owners	'	'	'	'	'	'	0
Stock Issued During Period, Net Loss/Income	'	'	'	'	'	'	0
Stock Issued During Period, OCI	'	'	'	'	'	'	0
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Payments of Capital Distribution	-35,000	0	-35,000	0	0	0	'
Net loss	-3,369	0	0	0	-3,371	2	'
Other comprehensive income (loss)	442	0	0	442	0	0	'
BALANCE at Jun. 11, 2013	105,155	506	149,460	-230	-55,148	10,567	'
BALANCE at Dec. 31, 2013	237,950	638	320,274	-1,070	-92,669	10,777	'
Common stock, shares outstanding (in shares)	64,428,380	'	'	'	'	'	64,428,380
Stock Issued During Period, Distribution to Owners	'	'	'	'	'	'	0
Stock Issued During Period, Shares, Other	'	'	'	'	'	'	638,650
Stockholders' Equity, Other Shares	'	'	'	'	'	'	0
Stock Issued During Period, Net Loss/Income	'	'	'	'	'	'	0
Stock Issued During Period, OCI	'	'	'	'	'	'	0
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Stock Issued During Period, Value, Other	0	6	-6	0	0	0	'
Distributions declared, but unpaid	-7,726	0	-7,726	0	0	0	'
Share-based Compensation	2,088	0	2,088	0	0	0	'
Net loss	-21,265	0	0	0	-21,339	74	'
Other comprehensive income (loss)	147	0	0	147	0	0	'
BALANCE at Jun. 17, 2014	$211,194	$644	$314,630	($923)	($114,008)	$10,851	'

ORGANIZATION

ORGANIZATION	6 Months Ended
ORGANIZATION	Jun. 17, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
ORGANIZATION	'
	ORGANIZATION AND DESCRIPTION OF THE BUSINESS

	ClubCorp Holdings, Inc. (“Holdings”) and its wholly owned subsidiaries CCA Club Operations Holdings, LLC (“Operations' Parent”) and ClubCorp Club Operations, Inc. (“Operations”, together with Holdings and Operations' Parent, “ClubCorp”) were formed on November 10, 2010, as part of a reorganization (“ClubCorp Formation”) of ClubCorp, Inc. (“CCI”), which was effective as of November 30, 2010, for the purpose of operating and managing golf and country clubs, business, sports and alumni clubs. On September 25, 2013, Holdings completed an initial public offering (our “IPO”). As of June 17, 2014, the majority of Holdings' common stock is owned by Fillmore CCA Investment, LLC (“Fillmore”), which is wholly owned by an affiliate of KSL Capital Partners, LLC (“KSL”), a private equity fund that invests primarily in the hospitality and leisure business. ClubCorp, together with its subsidiaries, may be referred to as “we”, “us”, “our” or the “Company”.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 17, 2014
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of Presentation—The consolidated condensed financial statements reflect the consolidated operations of ClubCorp, its subsidiaries and certain variable interest entities (“VIEs”). The consolidated condensed financial statements presented herein reflect our financial position, results of operations, cash flows and changes in equity in conformity with accounting principles generally accepted in the United States, or “GAAP”. All intercompany accounts have been eliminated.

	The accompanying consolidated condensed financial statements have been prepared by Holdings and are unaudited. Certain information and footnote disclosures normally included in financial statements presented in accordance with GAAP have been omitted from the accompanying financial statements. We believe the disclosures made are adequate to make the information presented not misleading. However, the financial statements should be read in conjunction with the consolidated financial statements and notes thereto of Holdings for the year ended December 31, 2013.

	We believe that the accompanying consolidated condensed financial statements reflect all adjustments, including normal recurring items, considered necessary for a fair presentation of the interim periods. Interim results are not necessarily indicative of fiscal year performance because of the impact of seasonal and short-term variations and other factors such as timing of acquisitions and dispositions of facilities.

	We have two reportable segments (1) golf and country clubs and (2) business, sports and alumni clubs. These segments are managed separately and discrete financial information, including Adjusted EBITDA (“Adjusted EBITDA”), a key financial measurement of segment profit and loss, is reviewed regularly by the chief operating decision maker to evaluate performance and allocate resources. See Note 12.

	Use of Estimates—The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported in the consolidated condensed financial statements and accompanying notes. Actual results could differ materially from such estimated amounts.

	Revenue Recognition—Revenues from club operations, food and beverage and merchandise sales are recognized at the time of sale or when the service is provided and are reported net of sales taxes. Revenues from membership dues are generally billed monthly and recognized in the period earned.

	At a majority of our private clubs, members are expected to pay an initiation fee or deposit upon their acceptance as a member to the club. In general, initiation fees are not refundable, whereas initiation deposits are not refundable until a fixed number of years (generally 30) after the date of acceptance of a member. We recognize revenue related to membership initiation fees and deposits over the expected life of an active membership. For membership initiation deposits, the difference between the amount paid by the member and the present value of the refund obligation is deferred and recognized within club operations revenue on the consolidated condensed statements of operations over the expected life of an active membership. The present value of the refund obligation is recorded as a membership initiation deposit liability in the consolidated condensed balance sheets and accretes over the nonrefundable term using the effective interest method with an interest rate defined as our incremental borrowing rate adjusted to reflect a 30-year time frame. The accretion is included in interest expense.

	The majority of membership initiation fees sold are not refundable and are deferred and recognized within club operations revenue on the consolidated condensed statements of operations over the expected life of an active membership.

	Membership initiation fees and deposits recognized within club operations revenue on the consolidated condensed statements of operations were $3.0 million and $6.1 million for the twelve and twenty-four weeks ended June 17, 2014, respectively, and $4.1 million and $8.0 million for the twelve and twenty-four weeks ended June 11, 2013, respectively.

	Foreign Currency—The functional currency of our entities located outside the United States of America is the local currency. Assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the current exchange rate in effect at period-end. All foreign income and expenses are translated at the monthly weighted-average exchange rates during the year. Translation gains and losses are reported separately, net of tax of $0.0 million for all periods presented, as a component of comprehensive loss, until realized. No translation gains or losses have been reclassified into earnings for the twelve and twenty-four weeks ended June 17, 2014 or June 11, 2013. Realized foreign currency transaction gains and losses are reflected in the consolidated condensed statements of operations and comprehensive loss in club operating costs.

	Income Taxes—We recognize the tax benefit from an uncertain tax position only if it is “more likely than not” that the tax position will be sustained upon examination by the taxing authorities, based on the technical merits of the position. If the position drops below the “more likely than not” standard, the benefit can no longer be recognized. Assumptions, judgment and the use of estimates are required in determining if the “more likely than not” standard has been met when developing the provision for income taxes. We recognize accrued interest and penalties related to uncertain tax positions as a component of income tax expense.

	Equity-Based Awards—We measure the cost of employee services rendered in exchange for equity-based compensation based upon the grant date fair market value. The value is recognized over the requisite service period, which is generally the vesting period. The following table shows total equity-based compensation expense included in the consolidated condensed statements of operations:


		Twelve Weeks Ended					Twenty-Four Weeks Ended
		June 17, 2014			June 11, 2013		June 17, 2014			June 11, 2013
	Club operating costs exclusive of depreciation	$	557		$	—	$	797		$	—

	Selling, general and administrative	699			—		1,291			—

	Pre-tax equity-based compensation expense	1,256			—		2,088			—

	Less: benefit for income taxes	(115		)	—		(364		)	—

	Equity-based compensation expense, net of tax	$	1,141		$	—	$	1,724		$	—


	As of June 17, 2014, there was approximately $4.8 million of unrecognized expense, adjusted for estimated forfeitures, related to non-vested, equity-based awards granted to employees, which is expected to be recognized over a weighted average period of approximately 1.7 years.

	The ClubCorp Holdings, Inc. 2012 Stock Award Plan, which was amended and restated as of August 14, 2013 (the “Stock Plan”) provides for an aggregate amount of no more than 4.0 million shares of common stock to be available for awards. The Stock Plan provides for the grant of stock options, restricted stock awards, restricted stock units, performance-based awards and other equity-based incentive awards. To date, we have granted restricted stock awards, restricted stock units (“RSUs”), and performance restricted stock units (“PSUs”) under the Stock Plan. As of June 17, 2014, approximately 3.0 million shares of common stock were available for future issuance under the Stock Plan.
	On April 1, 2012, Holdings granted RSUs to certain executives under the Stock Plan. The RSUs vest based on satisfaction of both a time condition subject to the holders' continued employment and a liquidity condition. The time condition is satisfied with respect to one-third of the RSUs on each of the first three anniversaries of the grant date, subject to the holder remaining employed by us. The liquidity condition is satisfied upon the earlier of a change of control (as defined in the Stock Plan) or after a period of time following the effective date of an initial public offering by us. On March 15, 2014, the required time period following our IPO was satisfied and the liquidity vesting requirement was met, at which time one third of the RSUs granted were converted into 211,596 shares of our common stock. The remaining RSUs convert into shares of our common stock upon satisfaction of the remaining time vesting requirements. During the twelve weeks ended June 17, 2014, 211,579 of these RSUs vested and were converted into shares of our common stock. As of June 17, 2014, 190,788 RSUs remain outstanding.

	On January 17, 2014, and on February 7, 2014, we granted 103,886 and 111,589 shares of restricted stock, respectively, to certain participants under the Stock Plan. Under the terms of the grants, the restrictions will be removed upon satisfaction of time vesting requirements.

	On February 7, 2014, we granted 111,610 PSUs to certain participants under the Stock Plan. Under the terms of the grants, the PSUs will convert into shares of our common stock upon satisfaction of (i) time vesting requirements and (ii) the applicable performance based requirements. The number of performance restricted stock units issued under these grants represents the target number of such units that may be earned, based on the Company's total shareholder return over the applicable performance periods compared with a peer group. If more than the target number of performance restricted stock units vest at the end of a performance period because the Company's total shareholder return exceeds certain percentile thresholds of the peer group, additional shares will be issued under the Stock Plan at that time.

	Prior to our IPO, unit awards were issued under a Management Profits Interest Program (“MPI”) which constituted grants of time-vesting non-voting profits interests in Fillmore. These awards entitled MPI participants to participate in the appreciation of the value of Fillmore above an applicable threshold and thereby share in its future profits. In connection with the consummation of our IPO, the MPI participants surrendered all unit awards then held by them in exchange for an aggregate of 2,251,027 shares of Holdings' common stock previously held by Fillmore, 196,267 of which remain subject to time vesting requirements as of June 17, 2014.

	Recently Issued Accounting Pronouncements

	In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-11 (“ASU 2013-11”), Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. ASU No. 2013-11 clarifies that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Our adoption of ASU 2013-11 at the beginning of fiscal year 2014 did not materially impact on our consolidated condensed financial statements.

	In April 2014, the FASB issued Accounting Standards Update No. 2014-8 (“ASU 2014-8”), Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. ASU No. 2014-8 amends guidance for reporting discontinued operations and disposals of components of an entity. The amended guidance requires that a disposal representing a strategic shift that has (or will have) a major effect on an entity's financial results or a business activity classified as held for sale should be reported as discontinued operations. The amended guidance also expands the disclosure requirements for discontinued operations and adds new disclosures for individually significant dispositions that do not qualify as discontinued operations. This ASU is effective prospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2014 (early adoption is permitted only for disposals that have not been previously reported). We are still evaluating the impact that our adoption of ASU 2014-8 will have on our consolidated financial position or results of operations.

	In May 2014, the FASB issued Accounting Standards Update No. 2014-9 (“ASU 2014-9”), Revenue from Contracts with Customers. ASU 2014-9 requires revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also specifies the accounting for some costs to obtain or fulfill a contract with a customer, as well as enhanced disclosure requirements. ASU 2014-9 is effective for fiscal years, and interim reporting periods within those fiscal years, beginning after December 15, 2016. We are still evaluating the impact that our adoption of ASU 2014-9 will have on our consolidated financial position or results of operations.

VARIABLE_INTEREST_ENTITIES

VARIABLE INTEREST ENTITIES	6 Months Ended
	Jun. 17, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
VARIABLE INTEREST ENTITIES	'
	VARIABLE INTEREST ENTITIES

	Consolidated VIEs include three managed golf course properties and certain realty interests which we define as “Non-Core Development Entities”. We have determined we are the primary beneficiary of these VIEs as we have the obligation to absorb the majority of losses from and direct activities of these operations. One of these managed golf course property VIEs is financed through a loan payable of $1.0 million collateralized by assets of the entity totaling $4.2 million as of June 17, 2014. The other managed golf course property VIEs are financed through advances from us. Outstanding advances as of June 17, 2014 total $3.5 million compared to recorded assets of $6.7 million.

	The VIE related to the Non-Core Development Entities is financed through notes which are payable through cash proceeds related to the sale of certain real estate held by the Non-Core Development Entities.
	The following summarizes the carrying amount and classification of the VIEs' assets and liabilities in the consolidated condensed balance sheets as of June 17, 2014 and December 31, 2013, net of intercompany amounts:



		June 17, 2014			December 31, 2013
	Current assets	$	1,616		$	1,407

	Fixed assets, net	9,285			9,347

	Other assets	847			850

	Total assets	$	11,748		$	11,604


	Current liabilities	$	1,774		$	1,644

	Long-term debt	13,286			13,157

	Other long-term liabilities	20,412			20,060

	Noncontrolling interest	5,776			5,955

	Company capital	(29,500		)	(29,212		)
	Total liabilities and equity	$	11,748		$	11,604


	Recourse of creditors to these VIEs is limited to the assets of the VIE entities, which total $11.7 million and $11.6 million at June 17, 2014 and December 31, 2013, respectively.

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 17, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
INVESTMENTS	'
	INVESTMENTS

	Equity method investments in golf and business club ventures total $1.3 million and $1.4 million at June 17, 2014 and December 31, 2013, respectively, and include two golf club joint ventures and one business club joint venture. Our share of earnings in the equity investments is included in equity in earnings from unconsolidated ventures in the consolidated condensed statements of operations.

	Additionally, we have one equity method investment of 10.2% in Avendra, LLC, a purchasing cooperative of hospitality companies. The carrying value of the investment was $5.2 million and $6.2 million at June 17, 2014 and December 31, 2013, respectively. Our share of earnings in the equity investment is included in equity in earnings from unconsolidated ventures in the consolidated condensed statements of operations. We have contractual agreements with the joint venture to provide procurement services for our clubs for which we received net volume rebates and allowances totaling $2.0 million during the twelve and twenty-four weeks ended June 17, 2014 and $2.1 million during the twelve and twenty-four weeks ended June 11, 2013. The difference between the carrying value of the investment and our share of the equity reflected in the joint venture's financial statements at the time of the acquisition of CCI by affiliates of KSL was allocated to intangible assets of the joint venture and is being amortized over approximately 10 years beginning in 2007. The carrying value of these intangible assets was $5.1 million and $6.0 million at June 17, 2014 and December 31, 2013, respectively.

	Our equity in net income from the investment described in the preceding paragraph is shown below:


		Twelve Weeks Ended						Twenty-Four Weeks Ended
		June 17, 2014			June 11, 2013			June 17, 2014			June 11, 2013
	ClubCorp's equity in net income, excluding amortization	$	791		$	782		$	1,800		$	1,487

	Amortization	(464		)	(464		)	(927		)	(927		)
	ClubCorp's equity in net income	$	327		$	318		$	873		$	560

FAIR_VALUE

FAIR VALUE

6 Months Ended

Jun. 17, 2014

Fair Value Disclosures [Abstract]

FAIR VALUE

GAAP establishes a three-tiered fair value hierarchy that prioritizes inputs to valuation techniques used in fair value calculations. The three levels of inputs are defined as follows:

Level 1—unadjusted quoted prices for identical assets or liabilities in active markets accessible by the Company;

Level 2—inputs that are observable in the marketplace other than those inputs classified as Level 1; and

Level 3—inputs that are unobservable in the marketplace and significant to the valuation.

We maximize the use of observable inputs and minimize the use of unobservable inputs. If a financial instrument uses inputs that fall in different levels of the hierarchy, the instrument is categorized based upon the lowest level of input that is significant to the fair value calculation. We recognize transfers between levels of the fair value hierarchy on the date of the change in circumstances that caused the transfer.

Fair Value of Financial Instruments

Debt—We estimate the fair value of our debt obligations, excluding capital lease obligations, as follows, as of June 17, 2014 and December 31, 2013:

June 17, 2014

December 31, 2013

Recorded Value

Fair Value

Recorded Value

Fair Value

Level 2 (1)

649,401

648,664

570,856

601,775

Level 3

52,182

42,680

53,132

43,971

Total

701,583

691,344

623,988

645,746

______________________

-1

The recorded value for Level 2 Debt is presented net of the $1.7 million discount as of June 17, 2014 on the Secured Credit Facilities, as defined in Note 9.

All debt obligations are considered Level 3 except for the Secured Credit Facilities, as defined in Note 9, which are considered Level 2. We use quoted prices for identical or similar liabilities to value debt obligations classified as Level 2. We use adjusted quoted prices for similar liabilities to value debt obligations classified as Level 3. Key inputs include: 1) the determination that certain other debt obligations are similar, 2) nonperformance risk, and 3) interest rates. Changes or fluctuations in these assumptions and valuations will result in different estimates of value. The use of different techniques to determine the fair value of these debt obligations could result in different estimates of fair value at the reporting date.

Derivative Financial Instruments—Derivative financial instruments, which consist of interest rate cap agreements, are measured at fair value on a recurring basis. The impact of these interest rate caps is not material to our consolidated condensed financial statements.

The carrying value of other financial instruments including cash, cash equivalents, receivables, notes receivable, accounts payable and other short-term and long-term assets and liabilities approximate their fair values as of June 17, 2014 and December 31, 2013.

Assets and Liabilities Measured at Fair Value on a Non-recurring Basis

Our assets and liabilities measured at fair value on a non-recurring basis include equity method investments, property and equipment, goodwill, trade names, liquor licenses, and business combinations. Assets and liabilities from business combinations were recorded on our consolidated condensed balance sheets at fair value at the date of acquisition. The key assumptions used in determining these values are considered Level 3 measurements. See Note 11.

Property and Equipment—We recognized impairment losses to property and equipment of $0.9 million during the twelve and twenty-four weeks ended June 17, 2014, to adjust the carrying amount of certain property and equipment to its fair value of $0.2 million and impairment losses of $1.9 million during the twelve and twenty-four weeks ended June 11, 2013, to adjust the carrying amount of certain property and equipment to its fair value of $0.3 million due to continued and projected negative operating results as well as changes in the expected holding period of certain fixed assets. The valuation method used to determine fair value was based on an analysis of discounted future cash flows using a risk-adjusted discount rate (‘‘Income Approach’’), and based on cost adjusted for economic obsolescence (‘‘Cost Approach’’). The fair value calculations associated with these valuations are classified as Level 3 measurements. See Note 6.

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Jun. 17, 2014
Property, Plant and Equipment [Abstract]	'
PROPERTY AND EQUIPMENT	'
	PROPERTY AND EQUIPMENT

	Property and equipment, including capital lease assets, at cost consists of the following at June 17, 2014 and December 31, 2013:



		June 17, 2014			December 31, 2013
	Land and non-depreciable land improvements	$	535,388		$	530,212

	Depreciable land improvements	352,069			339,806

	Buildings and recreational facilities	427,369			416,259

	Machinery and equipment	191,083			181,619

	Leasehold improvements	98,344			95,901

	Furniture and fixtures	77,342			72,687

	Construction in progress	9,499			3,513

		1,691,094			1,639,997

	Accumulated depreciation	(430,348		)	(405,094		)
	Total	$	1,260,746		$	1,234,903


	We evaluate property and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through future cash flows. We recognized impairment losses to property and equipment of $0.9 million during the twelve and twenty-four weeks ended June 17, 2014, to adjust the carrying amount of certain property and equipment to its fair value of $0.2 million and impairment losses of $1.9 million during the twelve and twenty-four weeks ended June 11, 2013, to adjust the carrying amount of certain property and equipment to its fair value of $0.3 million due to continued and projected negative operating results as well as changes in the expected holding period of certain fixed assets. See Note 5.

GOODWILL_AND_INTANGIBLE_ASSETS

GOODWILL AND INTANGIBLE ASSETS	6 Months Ended
	Jun. 17, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
GOODWILL AND INTANGIBLE ASSETS	'
	GOODWILL AND INTANGIBLE ASSETS

	Intangible assets consist of the following at June 17, 2014 and December 31, 2013:



				June 17, 2014										December 31, 2013
	Asset	Useful		Gross Carrying				Accumulated				Net Carrying		Gross Carrying		Accumulated			Net Carrying
		Life		Amount				Amortization				Amount		Amount		Amortization			Amount
	Intangible assets with indefinite lives:

	Trade names			$	24,850							$	24,850	$	24,850				$	24,850

	Liquor Licenses			2,023								2,023		2,023					2,023

	Intangible assets with finite lives:

	Member Relationships	7 years		2,800				(2,731		)		69		2,800		(2,547		)	253

	Management Contracts	9 years		598				(523		)		75		598		(490		)	108

	Total			$	30,271			$	(3,254	)		$	27,017	$	30,271	$	(3,037	)	$	27,234


	Goodwill			$	258,459							$	258,459	$	258,459				$	258,459


	Intangible Assets—Intangible assets include trade names, liquor licenses and member relationships. Intangible asset amortization expense was $0.1 million and $0.2 million for the twelve and twenty-four weeks ended June 17, 2014, respectively, and $0.7 million and $1.3 million for the twelve and twenty-four weeks ended June 11, 2013, respectively. The future amortization expense related to intangible assets with finite lives will be immaterial.

	The following table shows goodwill activity by reporting unit. No impairments have been recorded for either reporting unit.


		Golf & Country Clubs				Business, Sports & Alumni Clubs				Total
	December 31, 2013	$	113,108			$	145,351			$	258,459

	June 17, 2014	$	113,108			$	145,351			$	258,459

CURRENT_AND_LONGTERM_LIABILITI

CURRENT AND LONG-TERM LIABILITIES	6 Months Ended
	Jun. 17, 2014
Payables and Accruals [Abstract]	'
CURRENT AND LONG-TERM LIABILITIES	'
	CURRENT AND LONG-TERM LIABILITIES

	Current liabilities consist of the following at June 17, 2014 and December 31, 2013:



		June 17, 2014		December 31, 2013
	Accrued compensation	$	20,501	$	27,933

	Accrued interest	3,945		2,373

	Other accrued expenses	5,586		6,466

	Total accrued expenses	$	30,032	$	36,772


	Taxes payable other than federal income taxes	$	18,385	$	20,000

	Federal income taxes payable	—		455

	Total accrued taxes	$	18,385	$	20,455


	Advance deposits from members	$	22,639	$	17,305

	Unearned dues	23,359		32,438

	Deferred membership revenues	10,947		10,883

	Insurance reserves	8,175		8,175

	Distributions to owners declared, but unpaid	82		7,654

	Other current liabilities	2,703		2,845

	Total other current liabilities	$	67,905	$	79,300


	Other long-term liabilities consist of the following at June 17, 2014 and December 31, 2013:



		June 17, 2014		December 31, 2013
	Uncertain tax positions	$	58,177	$	56,105

	Deferred membership revenues	42,820		42,773

	Casualty insurance loss reserves - long term portion	12,158		11,255

	Above market lease intangibles	1,069		1,347

	Deferred rent	24,472		22,716

	Accrued interest on notes payable related to Non-Core Development Entities	21,601		21,111

	Other	2,399		2,637

	Total other long-term liabilities	$	162,696	$	157,944

DEBT_AND_CAPITAL_LEASES

DEBT AND CAPITAL LEASES	6 Months Ended
	Jun. 17, 2014
Debt Disclosure [Abstract]	'
DEBT AND CAPITAL LEASES	'
	DEBT AND CAPITAL LEASES

	Secured Credit Facilities

	Secured Credit Facilities—In 2010, Operations entered into the secured credit facilities (the “Secured Credit Facilities”). The Secured Credit Facilities were subsequently amended in 2012, 2013 and 2014. As amended through June 17, 2014, the Secured Credit Facilities were comprised of (i) a $651.1 million term loan facility, and (ii) a revolving credit facility with $111.3 million available for borrowing as of June 17, 2014, after deducting $23.7 million of standby letters of credit outstanding. In addition, the credit agreement governing the Secured Credit Facilities included an accordion feature which provided, subject to lender participation, for increases in the combined revolving and term loan capacity of the Secured Credit Facilities by incremental amounts of (x) $50.0 million, and, after full utilization of such $50.0 million, (y) an additional amount of incremental term or revolving commitments, so long as the Senior Secured Leverage Ratio (the “Senior Secured Leverage Ratio”) does not exceed 3.75:1.00.

	As of June 17, 2014, the interest rate on the term loan facility was the higher of (i) 4.0% or (ii) an elected LIBOR plus a margin of 3.0% and the maturity date of the term loan facility is July 24, 2020.

	As of June 17, 2014, the revolving credit facility had capacity of $135.0 million, which was reduced by $23.7 million of standby letters of credit outstanding, leaving $111.3 million available for borrowing. All remaining revolving credit commitments are related to a tranche which matures on September 30, 2018 and bears interest at a rate of LIBOR plus a margin of 3.0% per annum. Operations is required to pay a commitment fee on all undrawn amounts under the revolving credit facility and a fee on all outstanding letters of credit, payable quarterly in arrears.

	The credit agreement, as amended through June 17, 2014, contains a senior secured leverage ratio covenant. The Senior Secured Leverage Ratio, defined in the credit agreement as Consolidated Senior Secured Debt (exclusive of the Senior Notes) to Consolidated EBITDA (Adjusted EBITDA), requires Operations and its restricted subsidiaries to maintain a leverage ratio of no greater than 5.00:1.00 as of the end of each fiscal quarter. As of June 17, 2014, Operations' leverage ratio was 3.66:1.00.

	The amendments to the Secured Credit Facilities made during 2012, 2013 and 2014 included, among other things, the following key modifications:

	On November 16, 2012, Operations entered into the first amendment to the credit agreement governing the Secured Credit Facilities, which reduced the interest rate on the term loan facility to the higher of (i) 5.0% or (ii) an elected LIBOR plus a margin of 3.75%.

	On July 24, 2013, Operations entered into a second amendment to the credit agreement governing the Secured Credit Facilities to reduce the interest rate on the term loan facility, increase the principal borrowed under the term loan facility, extend the maturity date of the term loan facility, eliminate the quarterly principal payment requirement under the term loan facility, increase the amount of permissible incremental facilities and modify certain financial covenants and non-financial terms and conditions associated with the credit agreement governing the Secured Credit Facilities. The interest rate on the term loan facility was reduced to the higher of (i) 4.25% or (ii) an elected LIBOR plus a margin of 3.25%, with an additional reduction to the higher of (i) 4.0% or (ii) an elected LIBOR plus a margin of 3.0%, upon successful completion of an initial public offering with proceeds of at least $50.0 million, which condition was satisfied on September 25, 2013, by the receipt by Operations, by way of contribution, of the net proceeds from the completion of our IPO. The term loan facility principal balance was increased to $301.1 million and the maturity date of the term loan facility was extended to July 24, 2020.

	On August 30, 2013, Operations entered into a third amendment to the credit agreement governing the Secured Credit Facilities, effective on September 30, 2013, to conditionally secure the $135.0 million incremental revolving credit commitments, which mature on September 30, 2018. Borrowings under such facility bear interest at a rate of LIBOR plus a margin of 3.0% per annum.

	On February 21, 2014, Operations entered into a fourth amendment to the credit agreement governing the Secured Credit Facilities which made only administrative changes to such credit agreement.

	On April 11, 2014, Operations entered into a fifth amendment to the credit agreement governing the Secured Credit Facilities to (1) provide an aggregate of $350.0 million, before a discount of $1.8 million, of additional senior secured term loans under the existing term loan facility, (2) ease the Senior Secured Leverage Ratio as it relates to (a) payments of excess cash flow and (b) the financial covenant relating to the revolving credit commitments under the credit agreement, (3) modify the accordion feature under the credit agreement to be calculated as (x) $50.0 million, plus (y) after the full utilization of the amount available under clause (x), an additional amount of incremental term or revolving commitments, so long as the Senior Secured Leverage Ratio does not exceed 3.75:1.00, and (4) make other administrative changes to the credit agreement. The Senior Secured Leverage Ratio, as amended, requires Operations and its restricted subsidiaries to maintain a Senior Secured Leverage Ratio of no greater than 5.00:1.00. The additional borrowings under the term loan facility will bear interest at the same rate as the existing term loans, which is the higher of (i) 4.0% or (ii) an elected LIBOR plus a margin of 3.0%. The incremental term loan continues to mature on July 24, 2020.

	Operations incurred debt issuance costs in conjunction with the issuance of the Secured Credit Facilities of $6.8 million. These have been capitalized and are being amortized over the term of the loan. Operations incurred additional debt issuance costs of $0.8 million in conjunction with the amendment entered into on November 16, 2012, $4.4 million in conjunction with the second amendment entered into on July 24, 2013 and $3.4 million in conjunction with the third amendment entered into on August 30, 2013. These have also been capitalized and are being amortized over the remaining term of the loan. In conjunction with the fifth amendment entered into on April 11, 2014, Operations incurred $4.5 million in debt issuance costs; $2.7 million of these costs have been capitalized and are being amortized over the remaining term of the loan, while $1.8 million was expensed in the twelve weeks ended June 17, 2014.

	Senior Notes

	On November 30, 2010, Operations issued $415.0 million in senior unsecured notes (the “Senior Notes”) with registration rights, bearing interest at 10.0% and maturing December 1, 2018. On October 28, 2013, Operations repaid $145.3 million in aggregate principal of Senior Notes at a redemption price of 110.00%, plus accrued and unpaid interest thereon. The redemption premium of $14.5 million and proportional write-off of unamortized debt issuance costs of $2.3 million was accounted for as a loss on extinguishment of debt during the fiscal year ended December 31, 2013.

	On April 11, 2014, Operations provided notice to the trustee for the Senior Notes that Operations had elected to redeem all of the remaining outstanding Senior Notes at a redemption price of 110.18%, plus accrued and unpaid interest thereon, on May 11, 2014. Operations irrevocably deposited with the trustee $309.2 million, which is the amount sufficient to fund the redemption and to satisfy and discharge Operations' obligations under the Senior Notes. The redemption premium of $27.5 million and the write-off of remaining unamortized debt issuance costs of $4.0 million was accounted for as loss on extinguishment of debt during the twelve and twenty-four weeks ended June 17, 2014.

	Mortgage Loans

	General Electric Capital Corporation (“GECC”)—In July 2008, we entered into a secured mortgage loan with GECC for $32.0 million with an original maturity of July 2011. During the fiscal year ended December 27, 2011, we extended the term of the loan to July 2012. Effective August 1, 2012, we amended the loan agreement with GECC which extended the maturity to November 2015 with two additional twelve month options to extend through November 2017 upon satisfaction of certain conditions of the loan agreement. As of June 17, 2014, we expect to meet the required conditions and currently intend to extend the loan with GECC to November 2017.

	BancFirst—In May 2013, in connection with the acquisition of Oak Tree Country Club, we assumed a mortgage loan with BancFirst for $5.0 million with an original maturity of October 2014 and two twelve month options to extend the maturity through October 2016 upon satisfaction of certain conditions in the loan agreement. As of June 17, 2014, we expect to meet the required conditions and currently intend to extend the loan with BancFirst to October 2016.

	Long-term borrowings and lease commitments of the Company as of June 17, 2014 and December 31, 2013, are summarized below:


		June 17, 2014					December 31, 2013
		Carrying Value		Interest Rate			Carrying Value			Interest Rate		Interest Rate Calculation	Maturity

	Senior Notes	$	—	—	%		$	269,750		10	%	Fixed	2018

	Secured Credit Facilities

	Term Loan	651,106		4	%		301,106			4	%	Greater of (i) 4.0% or (ii) an elected LIBOR + 3.0%	2020

	Revolving Credit Borrowings - ($135,000 capacity) (1)	—		3.23	%		—			3.25	%	LIBOR plus a margin of 3.0%	2018

	Mortgage Loans

	General Electric Capital Corporation	30,052		6	%		30,313			6	%	5.00% plus the greater of (i) three month LIBOR or (ii) 1%	2017

	Notes payable related to certain Non-Core Development Entities	11,837		9	%		11,837			9	%	Fixed	-2

	Atlantic Capital Bank	3,413		4.5	%		3,493			4.5	%	Greater of (i) 3.0% + 30 day LIBOR or (ii) 4.5%	2015

	BancFirst	4,458		4.5	%		4,652			4.5	%	Greater of (i) 4.5% or prime rate	2016

	Other indebtedness	2,422		4.75% - 6.00%			2,837			4.75% - 8.00%		Fixed	Various


	703,288					623,988

Capital leases	27,504					25,691

	730,792					649,679

Less current portion	(12,308		)			(11,567		)
Less discount on the Secured Credit Facilities' Term Loan	(1,705		)			—

	$	716,779				$	638,112

______________________


-1	As of June 17, 2014, the revolving credit facility had capacity of $135.0 million, which was reduced by $23.7 million of standby letters of credit outstanding, leaving $111.3 million available for borrowing.


-2	Notes payable related to certain Non-Core Development Entities are payable through the cash proceeds related to the sale of certain real estate held by these Non-Core Development Entities.

The amount of long-term debt maturing in each of the five years subsequent to 2013 and thereafter is as follows. This table reflects the contractual maturity dates as of June 17, 2014.


Year	Debt			Capital Leases				Total
Remainder of 2014	$	764		$	5,998			$	6,762

2015	4,730			9,863				14,593

2016	4,568			6,568				11,136

2017	28,885			3,805				32,690

2018	330			1,139				1,469

Thereafter	664,011			131				664,142

Total	$	703,288		$	27,504			$	730,792

INCOME_TAXES

INCOME TAXES	6 Months Ended
INCOME TAXES	Jun. 17, 2014
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	INCOME TAXES

	Holdings files a consolidated federal income tax return. Income taxes recorded are adjusted to the extent losses or other deductions cannot be utilized in the consolidated federal income tax return. We file state tax returns on a separate company basis or unitary basis as required by law. Additionally, certain subsidiaries of Holdings, owned through lower tier joint ventures, file separate tax returns for federal and state purposes.

	Our tax expense or benefit recognized in our interim financial statements is determined by multiplying the year-to-date income or loss by the annual effective tax rate, which is an estimate of the expected relationship between tax expense or benefit for the full year to the pre-tax income or loss for the full year (pre-tax income or loss excluding unusual or infrequently occurring discrete items). Our effective income tax rate for the twelve and twenty-four weeks ended June 17, 2014 was 31.3% and 29.3%, respectively, compared to (66.8)% and 44.0%, for the twelve and twenty-four weeks ended June 11, 2013. respectively. For the twelve and twenty-four weeks ended June 17, 2014 and June 11, 2013, the effective tax rate differed from the statutory federal tax rate of 35.0% primarily due to state taxes, changes in uncertain tax positions and certain other permanent differences. The relative impact these items have on the effective tax rate varies based on the forecasted amount of pre-tax income or loss for the year.

	We are subject to taxation in the U.S. federal jurisdiction, as well as various state and foreign jurisdictions. Our annualized effective income tax rate is determined by the level and composition of pre-tax income and the mix of income subject to varying foreign, state and local taxes.

	We are currently undergoing an Internal Revenue Service (“IRS”) audit of certain components of the tax return for the year ended December 28, 2010, which includes the debt restructuring transactions and related cancellation of indebtedness income amounts recognized in connection with the ClubCorp Formation.

	As of June 17, 2014 and December 31, 2013, we have recorded $58.2 million and $56.1 million, respectively, of unrecognized tax benefits related to uncertain tax positions, including interest and penalties, which are included in other liabilities in the consolidated condensed balance sheets.

	The majority of unrecognized tax benefits relates to cancellation of indebtedness income stemming from the 2010 ClubCorp Formation and related debt restructuring transactions. The calculation of the cancellation of indebtedness income recognized in connection with the ClubCorp Formation was complex and involved significant judgments and interpretations on our part, including the valuation of assets held at such time. If we were to prevail on all uncertain tax positions, the net effect would be an income tax benefit of approximately $44.0 million, exclusive of any benefits related to interest and penalties.

	In addition, certain of our foreign subsidiaries are under audit in Mexico for the 2008 and 2009 tax years and have received notification of assessments by the Mexican taxing authorities. The Company has taken the appropriate procedural steps to vigorously contest these assessments through the appropriate Mexican administrative and judicial channels and one of the assessments has been set aside by the Mexican taxing authorities. The Company expects to file litigation on another assessment issued for the 2008 tax year in the amount of $3.0 million, plus penalties and interest, and the Company has not recorded a liability related to this uncertain tax position as we believe it is more likely than not that we will prevail based on the merits of our position. In addition, subsequent to June 17, 2014, an additional Mexican subsidiary under audit received a notice of assessment for the 2009 tax year in the amount of $6.0 million, plus penalties and interest. The Company similarly intends to respond to and vigorously challenge this assessment through the appropriate Mexican administrative and/or judicial channels and, as of June 17, 2014, the Company has not recorded a liability related to this uncertain tax position. The Company will continue to evaluate the relevant tax issues related to these assessments during the third quarter of 2014.

	It is likely that within the next 12 months our unrecognized tax benefits will be impacted by the resolution of some or all of the matters currently under audit by the U.S. and Mexican taxing authorities. However, as audit outcomes and the timing of audit resolutions are subject to significant uncertainty, and given the nature and complexity of the issues involved, we are unable to reasonably estimate the possible amount of change in the unrecognized tax benefits, if any, that may occur within the next 12 months as a result of the above examinations. We believe we are adequately reserved for our uncertain tax positions as of June 17, 2014.

CLUB_ACQUISITIONS_CLUB_DISPOSI

CLUB ACQUISITIONS, CLUB DISPOSITIONS AND DISCONTINUED OPERATIONS	6 Months Ended
	Jun. 17, 2014
Business Combinations [Abstract]	'
CLUB ACQUISITIONS, CLUB DISPOSITIONS AND DISCONTINUED OPERATIONS	'
	NEW AND ACQUIRED CLUBS

	New and Acquired Clubs

	Assets and liabilities from business combinations were recorded on our consolidated condensed balance sheets at fair value at the date of acquisition. The results of operations of such businesses have been included in the consolidated condensed statements of operations since their date of acquisition.

	Baylor Club—On April 30, 2014, we finalized the lease and management rights to the Baylor Club, an alumni club under development within the new Baylor University football stadium in Waco, Texas.

	TPC Piper Glen—On April 29, 2014, we acquired Tournament Players Club (“TPC”) Piper Glen, a private golf club in Charlotte, North Carolina with a purchase price of $3.8 million for net cash consideration of $3.7 million. We recorded the following major categories of assets and liabilities, which are subject to change until our information is finalized, no later than twelve months from the acquisition date:



	Land, depreciable land improvements, and property and equipment	$	3,833

	Receivables and inventory	210

	Other current liabilities and accrued taxes	(115		)
	Long-term debt and other liabilities	(197		)
	Total	$	3,731


	TPC Michigan—On April 29, 2014, we acquired TPC Michigan, a semi-private golf club in Dearborn, Michigan with a purchase price of $3.0 million for net cash consideration of $2.6 million. We recorded the following major categories of assets and liabilities, which are subject to change until our information is finalized, no later than twelve months from the acquisition date:



	Land, depreciable land improvements, and property and equipment	$	3,643

	Receivables, inventory and prepaid assets	235

	Other current liabilities and accrued expenses	(624		)
	Long-term debt	(157		)
	Deferred tax liability	(175		)
	Membership initiation deposits	(370		)
	Total	$	2,552


	Prestonwood Country Club—On March 3, 2014, we acquired Prestonwood Country Club, a private golf club comprised of two properties, The Creek in Dallas, Texas and The Hills in nearby Plano, Texas, with a purchase price of $11.2 million for net cash consideration of $10.9 million. We recorded the following major categories of assets and liabilities, which are subject to change until our information is finalized, no later than twelve months from the acquisition date:


	Land, depreciable land improvements, and property and equipment	$	14,742

	Inventory and prepaid assets	97

	Other current liabilities and accrued taxes	(362		)
	Long-term debt	(280		)
	Deferred tax liability	(1,300		)
	Membership initiation deposits and other liabilities	(1,994		)
	Total	$	10,903

	Paragon Club of Hefei—In March 2014, we began managing and operating Paragon Club of Hefei, a private business club in China.

	Oak Tree Country Club—On May 22, 2013, we acquired Oak Tree Country Club, a private country club located in Edmond, Oklahoma, in exchange for net cash consideration of $5.2 million. We assumed debt of $5.0 million in connection with the acquisition. We recorded the following major categories of assets and liabilities:



	Land, property and equipment	$	12,108

	Receivables, prepaid assets and other assets	662

	Inventory	233

	Current maturities of long-term debt	(468		)
	Long-term debt	(4,486		)
Deferred tax liability	(722		)
Membership initiation deposits and other liabilities	(2,099		)
Total	$	5,228


Revenues and operating income associated with the clubs acquired were not material for the twelve and twenty-four weeks ended June 17, 2014 and June 11, 2013. The pro forma information related to these acquisitions is not material to our historical results of operations.

SEGMENT_INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 17, 2014
Segment Reporting [Abstract]	'
SEGMENT INFORMATION	'
	SEGMENT INFORMATION

	We currently have two reportable segments: (1) golf and country clubs and (2) business, sports and alumni clubs. These segments are managed separately and discrete financial information, including Adjusted EBITDA, our financial measure of segment profit and loss, is reviewed regularly by our chief operating decision maker to evaluate performance and allocate resources. Our chief operating decision maker is our Chief Executive Officer. We also use Adjusted EBITDA, on a consolidated basis, to assess our ability to service our debt, incur additional debt and meet our capital expenditure requirements. We believe that the presentation of Adjusted EBITDA, on a consolidated basis, is appropriate as it provides additional information to investors about our compliance with certain financial covenants and investors and lenders have historically used EBITDA-related measures.

	We began managing the business using Adjusted EBITDA, which is the earnings measure historically disclosed on a consolidated basis, as our measure of segment profit and loss at the beginning of fiscal year 2014. Prior to this change, we utilized Segment EBITDA (“Segment EBITDA”) as our measure of segment profit and loss, but we also presented Adjusted EBITDA on a consolidated basis, as certain financial covenants in the credit agreement governing the Secured Credit Facilities utilize this measure of Adjusted EBITDA. These two measurements have not produced materially different results. This change results in alignment of our internal measure of segment profit and loss with the measure used to evaluate our performance on a consolidated basis and the financial covenants under the Credit Agreement, and it reduces the number of non-GAAP measurements we report, thus simplifying our financial reporting. The manner in which we calculate Adjusted EBITDA has not changed. For comparability purposes, amounts for the twelve and twenty-four weeks ended June 11, 2013 have been recast.

	EBITDA is defined as net income before interest expense, income taxes, interest and investment income, and depreciation and amortization. Adjusted EBITDA is defined as EBITDA plus or minus impairments, gain or loss on disposition and acquisition of assets, losses from discontinued operations, loss on extinguishment of debt, non-cash and other adjustments, equity-based compensation expense and an acquisition adjustment. The acquisition adjustment to revenues and Adjusted EBITDA within each segment represents estimated deferred revenue using current membership life estimates related to initiation payments that would have been recognized in the applicable period but for the application of purchase accounting in connection with the acquisition of CCI in 2006 by affiliates of KSL. Adjusted EBITDA is based on the definition of Consolidated EBITDA as defined in the credit agreement governing the Secured Credit Facilities and may not be comparable to similarly titled measures reported by other companies. The credit agreement governing the Secured Credit Facilities contains certain financial covenants which require the Company to maintain specified financial ratios in reference to Adjusted EBITDA.

	Golf and country club operations consist of private country clubs, golf clubs and public golf facilities. Private country clubs provide at least one 18-hole golf course and various other recreational amenities that are open to members and their guests. Golf clubs provide both private and public golf play and usually offer fewer other recreational amenities. Public golf facilities are open to the public and generally provide the same services as golf clubs.

	Business, sports and alumni club operations consist of business clubs, business/sports clubs, sports clubs and alumni clubs. Business clubs provide a setting for dining, business or social entertainment. Sports clubs provide a variety of recreational facilities and business/sports clubs provide a combination of the amenities available at business clubs and sports clubs. Alumni clubs provide the same amenities as business clubs while targeting alumni and staff of universities.

	We also disclose other (“Other”), which consists of other business activities including ancillary revenues related to alliance arrangements, a portion of the revenue associated with upgrade offerings, reimbursements for certain costs of operations at managed clubs, corporate overhead expenses and shared services. Other also includes corporate assets such as cash, goodwill, intangible assets, and loan origination fees.

	The table below shows summarized financial information by segment for continuing operations for the twelve and twenty-four weeks ended June 17, 2014 and June 11, 2013:



		Twelve Weeks Ended								Twenty-Four Weeks Ended
		June 17, 2014				June 11, 2013				June 17, 2014				June 11, 2013
	Golf and Country Clubs

	Revenues	$	167,270			$	152,099			$	295,041			$	271,349

	Adjusted EBITDA	49,931				46,834				86,333				79,467


	Business, Sports and Alumni Clubs

	Revenues	$	42,665			$	41,648			$	81,106			$	79,496

	Adjusted EBITDA	8,225				8,425				14,661				14,137


	Other

	Revenues	$	3,948			$	3,642			$	5,952			$	3,574

	Adjusted EBITDA	(8,294		)		(9,402		)		(19,074		)		(17,983		)

	Elimination of intersegment revenues and segment reporting adjustments	$	(2,465	)		$	(1,770	)		$	(4,958	)		$	(3,740	)

	Total

	Revenues	$	211,418			$	195,619			$	377,141			$	350,679

	Adjusted EBITDA	49,862				45,857				81,920				75,621




		As of
	Total Assets	June 17, 2014				December 31, 2013
	Golf and Country Clubs	1,283,738				1,254,988

	Business, Sports and Alumni Clubs	86,372				90,078

	Other	407,885				391,151

	Consolidated	$	1,777,995			$	1,736,217


	The table below provides a reconciliation of our net loss to Adjusted EBITDA for the twelve and twenty-four weeks ended June 17, 2014 and June 11, 2013:



	Twelve Weeks Ended								Twenty-Four Weeks Ended
	June 17, 2014				June 11, 2013				June 17, 2014				June 11, 2013
Net (loss) income	$	(17,477	)		$	7,122			$	(21,265	)		$	(3,369	)

Interest expense	15,572				19,567				31,298				39,147

Income tax benefit	(7,966		)		(2,848		)		(8,830		)		(2,643		)
Interest and investment income	(87		)		(69		)		(169		)		(144		)
Depreciation and amortization	16,799				16,312				33,245				32,467

EBITDA	$	6,841			$	40,084			$	34,279			$	65,458

Impairments, disposition of assets and (loss) income from discontinued operations (1)	3,430				4,289				5,499				5,513

Loss on extinguishment of debt (2)	31,498				—				31,498				—

Non-cash adjustments (3)	463				843				925				1,653

Other adjustments (4)	5,362				253				5,558				2,018

Equity-based compensation expense (5)	1,256				—				2,088				—

Acquisition adjustment (6)	1,012				388				2,073				979

Adjusted EBITDA	$	49,862			$	45,857			$	81,920			$	75,621

______________________


-1	Includes non-cash impairment charges related to property and equipment, loss on disposals of assets and net loss or income from discontinued clubs.


-2	Includes loss on extinguishment of debt calculated in accordance with GAAP.


-3	Includes non-cash items related to purchase accounting associated with the acquisition of CCI in 2006 by affiliates of KSL and expense recognized for our long-term incentive plan related to fiscal years 2011 through 2013.


-4	Represents adjustments permitted by the credit agreement governing the Secured Credit Facilities including cash distributions from equity method investments less earnings of said investments, income or loss attributable to non-controlling equity interests of continuing operations, franchise taxes, adjustments to accruals for unclaimed property settlements, acquisition costs, debt amendment costs, equity offering costs, other charges incurred in connection with the ClubCorp Formation and management fees, termination fee and expenses paid to an affiliate of KSL.


-5	Includes equity-based compensation expense, calculated in accordance with GAAP, related to awards held by certain employees, executives and directors.


-6	Represents estimated deferred revenue using current membership life estimates related to initiation payments that would have been recognized in the applicable period but for the application of purchase accounting in connection with the acquisition of CCI in 2006.

Adjusted EBITDA is not determined in accordance with GAAP and should not be considered as an alternative to, or more meaningful than, operating income or net income (as determined in accordance with GAAP) as a measure of our operating results or net cash provided by operating activities (as determined in accordance with GAAP) as a measure of our cash flows or ability to fund our cash needs. Our measurement of Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 17, 2014
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	COMMITMENTS AND CONTINGENCIES

	We routinely enter into contractual obligations to procure assets used in the day to day operations of our business. As of June 17, 2014, we had capital commitments of $16.2 million at certain of our clubs.

	We currently have sales and use tax audits in progress. We believe the potential for a liability related to the outcome of these audits may exist. However, we believe that the outcome of these audits would not materially affect our consolidated condensed financial statements.

	We are currently undergoing an IRS audit of certain components of the tax return for the year ended December 28, 2010, which includes the consummation of the ClubCorp Formation. It is likely that within the next 12 months our unrecognized tax benefits will be impacted by the resolution of some or all of the matters currently under audit by the U.S. taxing authorities. Should the estimates and judgments used in the ClubCorp Formation prove to be inaccurate, our financial results could be materially affected. See Note 10.

	We also have tax audits of certain foreign subsidiaries in progress for which we have received notification of assessments. The Company has taken the appropriate procedural steps to vigorously contest these assessments through the appropriate Mexican administrative and/or judicial channels. It is likely that within the next 12 months our unrecognized tax benefits will be impacted by the resolution of some or all of the matters currently under audit by the Mexican taxing authorities. Should the estimates and judgments used prove to be inaccurate, our financial results could be materially affected. See Note 10.

	We are currently undergoing audits related to unclaimed property. We believe the potential for a liability related to the outcome of these audits is probable and we have estimated and recorded an immaterial amount within accrued expenses on the consolidated condensed balance sheet as of June 17, 2014.

	Each of our properties is subject to real and personal property taxes. If local taxing authorities reassess the taxable value of certain properties in accordance with local and state regulations, we may be subject to additional property tax assessments, penalties and interest. At June 17, 2014, we have an immaterial amount recorded in accrued taxes on the consolidated condensed balance sheet related to certain of these properties. While the outcome of such reassessments cannot be predicted with certainty, we believe that any potential liability from these matters would not materially affect our consolidated condensed financial statements.

	We are subject to certain pending or threatened litigation and other claims that arise in the ordinary course of business. While the outcome of such legal proceedings and other claims cannot be predicted with certainty, after review and consultation with legal counsel, we believe that any potential liability from these matters would not materially affect our consolidated condensed financial statements.

EARNINGS_PER_SHARE_EARNINGS_PE

EARNINGS PER SHARE EARNINGS PER SHARE	6 Months Ended
	Jun. 17, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	EARNINGS PER SHARE
	Basic earnings per share (“EPS”) excludes dilution and is computed by dividing net (loss) income attributable to Holdings by the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflects the dilutive effect of equity-based awards that may share in the earnings of Holdings when such shares are either issued or vesting restrictions lapse.
	Presented below is basic and diluted EPS for the twelve and twenty-four weeks ended June 17, 2014 and June 11, 2013 (in thousands, except per share amounts):


		Twelve Weeks Ended												Twenty-Four Weeks Ended
		June 17, 2014							June 11, 2013					June 17, 2014						June 11, 2013
		Basic			Diluted				Basic			Diluted		Basic			Diluted			Basic			Diluted
	(Loss) income from continuing operations attributable to ClubCorp	$	(17,612	)	$	(17,612	)		$	7,075		$	7,075	$	(21,338	)	$	(21,338	)	$	(3,370	)	$	(3,370	)

	Weighted-average shares outstanding	63,964			63,964				50,570			50,570		63,863			63,863			50,570			50,570

	Effect of dilutive equity-based awards	—			—				—			—		—			—			—			—

	Total Shares	63,964			63,964				50,570			50,570		63,863			63,863			50,570			50,570

	Loss (income) from continuing operations attributable to ClubCorp per share	$	(0.28	)	$	(0.28	)		$	0.14		$	0.14	$	(0.33	)	$	(0.33	)	$	(0.07	)	$	(0.07	)

	For the twelve and twenty-four weeks ended June 17, 2014 there are 0.4 million and 0.3 million, respectively, potential common shares excluded from the calculation of diluted EPS because the effect of their inclusion would reduce our net loss from continuing operations attributable to ClubCorp per share and would be anti-dilutive. Our restricted stock shares include rights to receive dividends that are subject to the risk of forfeiture if service requirements are not satisfied, thus these shares are not considered participating securities and are excluded from the basic weighted-average shares outstanding calculation.

	The following is a summary of dividends declared or paid during the periods presented:


	Declaration Date		Dividend Per Share			Record Date		Total Amount			Payment Date
								(in thousands)
	Fiscal Year 2013
	December 26, 2012		$	0.69		December 26, 2012		$	35,000		December 27, 2012

	December 10, 2013		$	0.12		January 3, 2014		$	7,654		January 15, 2014


	Fiscal Year 2014
	March 18, 2014		$	0.12		April 3, 2014		$	7,725		April 15, 2014

	June 25, 2014 (1)		$	0.12		July 7, 2014		$	7,731		July 15, 2014

	______________________


	-1	This dividend was declared and paid subsequent to the twelve weeks ended June 17, 2014. See Note 16.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
RELATED PARTY TRANSACTIONS	Jun. 17, 2014
Related Party Transactions [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	RELATED PARTY TRANSACTIONS

	During the twelve and twenty-four weeks ended June 11, 2013, we were a party to a management agreement (the “Management Agreement”) with an affiliate of KSL, pursuant to which we were provided financial and management consulting services in exchange for an annual fee of $1.0 million. In addition, we agreed to reimburse the management company for all of its reasonable out-of-pocket costs and expenses incurred in providing management services to us and certain of our affiliates. During the twelve and twenty-four weeks ended June 11, 2013, we paid an affiliate of KSL approximately $0.3 million and $0.5 million, respectively, in management fees. The Management Agreement allowed that, in the event of a financing, refinancing or direct or indirect sale of all or substantially all of our equity or assets, the management company may also be entitled to receive a fee equal to 1% of the lenders' maximum commitments, in the case of a financing or refinancing, or 1% of the total consideration paid, in the case of a sale. Following our IPO and effective October 1, 2013, the Management Agreement was terminated and in connection with the termination, we made a one-time payment of $5.0 million during the fiscal year ended December 31, 2013.

	Effective October 1, 2013, we entered into a Financial Consulting Services Agreement with an affiliate of KSL, pursuant to which we are provided certain ongoing financial consulting services. No fees are payable under such agreement, however we have agreed to reimburse the affiliate of KSL for all reasonable out-of-pocket costs and expenses incurred in providing such services to us and certain of our affiliates up to $0.1 million annually. The expense associated with this contract was not material during the twelve and twenty-four weeks ended June 17, 2014.

	On December 27, 2012, during the twenty-four weeks ended June 11, 2013, we made a $35.0 million distribution to our owners.

	During the twelve and twenty-four weeks ended June 11, 2013, we paid $0.3 million and $0.4 million, respectively, to affiliates of KSL for private party events. The amounts were immaterial during the twelve and twenty-four weeks ended June 17, 2014.

	Effective May 1, 2013, we entered into a consulting services agreement with an affiliate of KSL whereby we provide certain golf-related consulting services in exchange for an annual fee of $0.1 million. The revenue associated with this contract was immaterial during the twelve and twenty-four weeks ended June 17, 2014 and June 11, 2013.

	As of June 17, 2014, we had receivables of $0.2 million and payables of $0.6 million and as of December 31, 2013, we had receivables of $0.2 million and payables of $0.1 million, for outstanding advances from golf and business club ventures in which we have an equity method investment. We recorded $0.1 million and $0.2 million in the twelve and twenty-four weeks ended June 17, 2014, respectively, and $0.1 million and $0.2 million in the twelve and twenty-four weeks ended June 11, 2013, respectively, in management fees from these ventures. As of June 17, 2014 and December 31, 2013, we had a receivable of $1.6 million and $1.8 million, respectively, for volume rebates from Avendra, LLC, the supplier firm in which we have an equity method investment. See Note 4.

	We have entered into arrangements whereby members of certain resorts and clubs owned by affiliates of KSL can pay an upgrade charge to have access to our clubs and facilities. We have revenue sharing arrangements with such resorts and clubs whereby we agree to split the amount of the upgrade charges respectively with such entities. During the twelve and twenty-four weeks ended June 17, 2014 and June 11, 2013, revenue associated with these arrangements was not material.

	We have also entered into arrangements with affiliates of KSL, whereby we remit royalty payments we receive in connection with mineral leases at certain of our golf and country clubs. During the twelve and twenty-four weeks ended June 17, 2014 and June 11, 2013, royalty payments received in connection with these arrangements were not material.

SUBSEQUENT_EVENTS_SUBSEQUENT_E

SUBSEQUENT EVENTS SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS SUBSEQUENT EVENTS	Jun. 17, 2014
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	SUBSEQUENT EVENTS

	On June 25, 2014, we declared a cash dividend of $7.7 million, or $0.12 per share of common stock, to all common stockholders of record at the close of business on July 7, 2014. This dividend was paid on July 15, 2014.

	Subsequent to June 17, 2014, one of our Mexican subsidiaries under audit in Mexico received a notice of assessment for the 2009 tax year. See Note 10. The Company intends to respond to and vigorously challenge this assessment through the appropriate Mexican administrative and/or judicial channels.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Jun. 17, 2014

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation—The consolidated condensed financial statements reflect the consolidated operations of ClubCorp, its subsidiaries and certain variable interest entities (“VIEs”). The consolidated condensed financial statements presented herein reflect our financial position, results of operations, cash flows and changes in equity in conformity with accounting principles generally accepted in the United States, or “GAAP”. All intercompany accounts have been eliminated.

The accompanying consolidated condensed financial statements have been prepared by Holdings and are unaudited. Certain information and footnote disclosures normally included in financial statements presented in accordance with GAAP have been omitted from the accompanying financial statements. We believe the disclosures made are adequate to make the information presented not misleading. However, the financial statements should be read in conjunction with the consolidated financial statements and notes thereto of Holdings for the year ended December 31, 2013.

We believe that the accompanying consolidated condensed financial statements reflect all adjustments, including normal recurring items, considered necessary for a fair presentation of the interim periods. Interim results are not necessarily indicative of fiscal year performance because of the impact of seasonal and short-term variations and other factors such as timing of acquisitions and dispositions of facilities.

We have two reportable segments (1) golf and country clubs and (2) business, sports and alumni clubs. These segments are managed separately and discrete financial information, including Adjusted EBITDA (“Adjusted EBITDA”), a key financial measurement of segment profit and loss, is reviewed regularly by the chief operating decision maker to evaluate performance and allocate resources. See Note 12.

Use of Estimates

Use of Estimates—The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported in the consolidated condensed financial statements and accompanying notes. Actual results could differ materially from such estimated amounts.

Revenue Recognition

Revenue Recognition—Revenues from club operations, food and beverage and merchandise sales are recognized at the time of sale or when the service is provided and are reported net of sales taxes. Revenues from membership dues are generally billed monthly and recognized in the period earned.

At a majority of our private clubs, members are expected to pay an initiation fee or deposit upon their acceptance as a member to the club. In general, initiation fees are not refundable, whereas initiation deposits are not refundable until a fixed number of years (generally 30) after the date of acceptance of a member. We recognize revenue related to membership initiation fees and deposits over the expected life of an active membership. For membership initiation deposits, the difference between the amount paid by the member and the present value of the refund obligation is deferred and recognized within club operations revenue on the consolidated condensed statements of operations over the expected life of an active membership. The present value of the refund obligation is recorded as a membership initiation deposit liability in the consolidated condensed balance sheets and accretes over the nonrefundable term using the effective interest method with an interest rate defined as our incremental borrowing rate adjusted to reflect a 30-year time frame. The accretion is included in interest expense.

The majority of membership initiation fees sold are not refundable and are deferred and recognized within club operations revenue on the consolidated condensed statements of operations over the expected life of an active membership.

Membership initiation fees and deposits recognized within club operations revenue on the consolidated condensed statements of operations were $3.0 million and $6.1 million for the twelve and twenty-four weeks ended June 17, 2014, respectively, and $4.1 million and $8.0 million for the twelve and twenty-four weeks ended June 11, 2013, respectively

Revenue Recognition, Services, Refundable Fees for Services

Foreign Currency

Foreign Currency—The functional currency of our entities located outside the United States of America is the local currency. Assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the current exchange rate in effect at period-end. All foreign income and expenses are translated at the monthly weighted-average exchange rates during the year. Translation gains and losses are reported separately, net of tax of $0.0 million for all periods presented, as a component of comprehensive loss, until realized. No translation gains or losses have been reclassified into earnings for the twelve and twenty-four weeks ended June 17, 2014 or June 11, 2013. Realized foreign currency transaction gains and losses are reflected in the consolidated condensed statements of operations and comprehensive loss in club operating costs.

Income Taxes

Income Taxes—We recognize the tax benefit from an uncertain tax position only if it is “more likely than not” that the tax position will be sustained upon examination by the taxing authorities, based on the technical merits of the position. If the position drops below the “more likely than not” standard, the benefit can no longer be recognized. Assumptions, judgment and the use of estimates are required in determining if the “more likely than not” standard has been met when developing the provision for income taxes. We recognize accrued interest and penalties related to uncertain tax positions as a component of income tax expense.

Equity-Based Awards

Equity-Based Awards—We measure the cost of employee services rendered in exchange for equity-based compensation based upon the grant date fair market value. The value is recognized over the requisite service period, which is generally the vesting period. The following table shows total equity-based compensation expense included in the consolidated condensed statements of operations:

Twelve Weeks Ended

Twenty-Four Weeks Ended

June 17, 2014

June 11, 2013

June 17, 2014

June 11, 2013

Club operating costs exclusive of depreciation

557

—

797

—

Selling, general and administrative

699

—

1,291

—

Pre-tax equity-based compensation expense

1,256

—

2,088

—

Less: benefit for income taxes

(115

)

—

(364

)

—

Equity-based compensation expense, net of tax

1,141

—

1,724

—

As of June 17, 2014, there was approximately $4.8 million of unrecognized expense, adjusted for estimated forfeitures, related to non-vested, equity-based awards granted to employees, which is expected to be recognized over a weighted average period of approximately 1.7 years.

The ClubCorp Holdings, Inc. 2012 Stock Award Plan, which was amended and restated as of August 14, 2013 (the “Stock Plan”) provides for an aggregate amount of no more than 4.0 million shares of common stock to be available for awards. The Stock Plan provides for the grant of stock options, restricted stock awards, restricted stock units, performance-based awards and other equity-based incentive awards. To date, we have granted restricted stock awards, restricted stock units (“RSUs”), and performance restricted stock units (“PSUs”) under the Stock Plan. As of June 17, 2014, approximately 3.0 million shares of common stock were available for future issuance under the Stock Plan.

On April 1, 2012, Holdings granted RSUs to certain executives under the Stock Plan. The RSUs vest based on satisfaction of both a time condition subject to the holders' continued employment and a liquidity condition. The time condition is satisfied with respect to one-third of the RSUs on each of the first three anniversaries of the grant date, subject to the holder remaining employed by us. The liquidity condition is satisfied upon the earlier of a change of control (as defined in the Stock Plan) or after a period of time following the effective date of an initial public offering by us. On March 15, 2014, the required time period following our IPO was satisfied and the liquidity vesting requirement was met, at which time one third of the RSUs granted were converted into 211,596 shares of our common stock. The remaining RSUs convert into shares of our common stock upon satisfaction of the remaining time vesting requirements. During the twelve weeks ended June 17, 2014, 211,579 of these RSUs vested and were converted into shares of our common stock. As of June 17, 2014, 190,788 RSUs remain outstanding.

On January 17, 2014, and on February 7, 2014, we granted 103,886 and 111,589 shares of restricted stock, respectively, to certain participants under the Stock Plan. Under the terms of the grants, the restrictions will be removed upon satisfaction of time vesting requirements.

On February 7, 2014, we granted 111,610 PSUs to certain participants under the Stock Plan. Under the terms of the grants, the PSUs will convert into shares of our common stock upon satisfaction of (i) time vesting requirements and (ii) the applicable performance based requirements. The number of performance restricted stock units issued under these grants represents the target number of such units that may be earned, based on the Company's total shareholder return over the applicable performance periods compared with a peer group. If more than the target number of performance restricted stock units vest at the end of a performance period because the Company's total shareholder return exceeds certain percentile thresholds of the peer group, additional shares will be issued under the Stock Plan at that time.

Prior to our IPO, unit awards were issued under a Management Profits Interest Program (“MPI”) which constituted grants of time-vesting non-voting profits interests in Fillmore. These awards entitled MPI participants to participate in the appreciation of the value of Fillmore above an applicable threshold and thereby share in its future profits. In connection with the consummation of our IPO, the MPI participants surrendered all unit awards then held by them in exchange for an aggregate of 2,251,027 shares of Holdings' common stock previously held by Fillmore, 196,267 of which remain subject to time vesting requirements as of June 17, 2014.

Recently Issued Accounting Pronouncements

In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-11 (“ASU 2013-11”), Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. ASU No. 2013-11 clarifies that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Our adoption of ASU 2013-11 at the beginning of fiscal year 2014 did not materially impact on our consolidated condensed financial statements.

In April 2014, the FASB issued Accounting Standards Update No. 2014-8 (“ASU 2014-8”), Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. ASU No. 2014-8 amends guidance for reporting discontinued operations and disposals of components of an entity. The amended guidance requires that a disposal representing a strategic shift that has (or will have) a major effect on an entity's financial results or a business activity classified as held for sale should be reported as discontinued operations. The amended guidance also expands the disclosure requirements for discontinued operations and adds new disclosures for individually significant dispositions that do not qualify as discontinued operations. This ASU is effective prospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2014 (early adoption is permitted only for disposals that have not been previously reported). We are still evaluating the impact that our adoption of ASU 2014-8 will have on our consolidated financial position or results of operations.

In May 2014, the FASB issued Accounting Standards Update No. 2014-9 (“ASU 2014-9”), Revenue from Contracts with Customers. ASU 2014-9 requires revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also specifies the accounting for some costs to obtain or fulfill a contract with a customer, as well as enhanced disclosure requirements. ASU 2014-9 is effective for fiscal years, and interim reporting periods within those fiscal years, beginning after December 15, 2016. We are still evaluating the impact that our adoption of ASU 2014-9 will have on our consolidated financial position or results of operations.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 17, 2014
Accounting Policies [Abstract]	'
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	'
	Equity-Based Awards—We measure the cost of employee services rendered in exchange for equity-based compensation based upon the grant date fair market value. The value is recognized over the requisite service period, which is generally the vesting period. The following table shows total equity-based compensation expense included in the consolidated condensed statements of operations:


		Twelve Weeks Ended					Twenty-Four Weeks Ended
		June 17, 2014			June 11, 2013		June 17, 2014			June 11, 2013
	Club operating costs exclusive of depreciation	$	557		$	—	$	797		$	—

	Selling, general and administrative	699			—		1,291			—

	Pre-tax equity-based compensation expense	1,256			—		2,088			—

	Less: benefit for income taxes	(115		)	—		(364		)	—

	Equity-based compensation expense, net of tax	$	1,141		$	—	$	1,724		$	—

VARIABLE_INTEREST_ENTITIES_Tab

VARIABLE INTEREST ENTITIES (Tables)	6 Months Ended
	Jun. 17, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Schedule of Variable Interest Entities	'
	The following summarizes the carrying amount and classification of the VIEs' assets and liabilities in the consolidated condensed balance sheets as of June 17, 2014 and December 31, 2013, net of intercompany amounts:



		June 17, 2014			December 31, 2013
	Current assets	$	1,616		$	1,407

	Fixed assets, net	9,285			9,347

	Other assets	847			850

	Total assets	$	11,748		$	11,604


	Current liabilities	$	1,774		$	1,644

	Long-term debt	13,286			13,157

	Other long-term liabilities	20,412			20,060

	Noncontrolling interest	5,776			5,955

	Company capital	(29,500		)	(29,212		)
	Total liabilities and equity	$	11,748		$	11,604

INVESTMENTS_Tables

INVESTMENTS (Tables)	6 Months Ended
	Jun. 17, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Schedule of Equity Method Investments	'
	Our equity in net income from the investment described in the preceding paragraph is shown below:


		Twelve Weeks Ended						Twenty-Four Weeks Ended
		June 17, 2014			June 11, 2013			June 17, 2014			June 11, 2013
	ClubCorp's equity in net income, excluding amortization	$	791		$	782		$	1,800		$	1,487

	Amortization	(464		)	(464		)	(927		)	(927		)
	ClubCorp's equity in net income	$	327		$	318		$	873		$	560

FAIR_VALUE_Tables

FAIR VALUE (Tables)	6 Months Ended
	Jun. 17, 2014
Fair Value Disclosures [Abstract]	'
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	'
	Debt—We estimate the fair value of our debt obligations, excluding capital lease obligations, as follows, as of June 17, 2014 and December 31, 2013:



		June 17, 2014				December 31, 2013
		Recorded Value		Fair Value		Recorded Value		Fair Value
	Level 2 (1)	$	649,401	$	648,664	$	570,856	$	601,775

	Level 3	52,182		42,680		53,132		43,971

	Total	$	701,583	$	691,344	$	623,988	$	645,746

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 17, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment	'
	Property and equipment, including capital lease assets, at cost consists of the following at June 17, 2014 and December 31, 2013:



		June 17, 2014			December 31, 2013
	Land and non-depreciable land improvements	$	535,388		$	530,212

	Depreciable land improvements	352,069			339,806

	Buildings and recreational facilities	427,369			416,259

	Machinery and equipment	191,083			181,619

	Leasehold improvements	98,344			95,901

	Furniture and fixtures	77,342			72,687

	Construction in progress	9,499			3,513

		1,691,094			1,639,997

	Accumulated depreciation	(430,348		)	(405,094		)
	Total	$	1,260,746		$	1,234,903

GOODWILL_AND_INTANGIBLE_ASSETS1

GOODWILL AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 17, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of Intangible Assets and Goodwill	'
	Intangible assets consist of the following at June 17, 2014 and December 31, 2013:



				June 17, 2014										December 31, 2013
	Asset	Useful		Gross Carrying				Accumulated				Net Carrying		Gross Carrying		Accumulated			Net Carrying
		Life		Amount				Amortization				Amount		Amount		Amortization			Amount
	Intangible assets with indefinite lives:

	Trade names			$	24,850							$	24,850	$	24,850				$	24,850

	Liquor Licenses			2,023								2,023		2,023					2,023

	Intangible assets with finite lives:

	Member Relationships	7 years		2,800				(2,731		)		69		2,800		(2,547		)	253

	Management Contracts	9 years		598				(523		)		75		598		(490		)	108

	Total			$	30,271			$	(3,254	)		$	27,017	$	30,271	$	(3,037	)	$	27,234


	Goodwill			$	258,459							$	258,459	$	258,459				$	258,459


Schedule of Goodwill	'
	The following table shows goodwill activity by reporting unit. No impairments have been recorded for either reporting unit.


		Golf & Country Clubs				Business, Sports & Alumni Clubs				Total
	December 31, 2013	$	113,108			$	145,351			$	258,459

	June 17, 2014	$	113,108			$	145,351			$	258,459

CURRENT_AND_LONGTERM_LIABILITI1

CURRENT AND LONG-TERM LIABILITIES (Tables)	6 Months Ended
	Jun. 17, 2014
Payables and Accruals [Abstract]	'
Schedule of Accounts Payable and Accrued Liabilities	'
	Current liabilities consist of the following at June 17, 2014 and December 31, 2013:



		June 17, 2014		December 31, 2013
	Accrued compensation	$	20,501	$	27,933

	Accrued interest	3,945		2,373

	Other accrued expenses	5,586		6,466

	Total accrued expenses	$	30,032	$	36,772


	Taxes payable other than federal income taxes	$	18,385	$	20,000

	Federal income taxes payable	—		455

	Total accrued taxes	$	18,385	$	20,455


	Advance deposits from members	$	22,639	$	17,305

	Unearned dues	23,359		32,438

	Deferred membership revenues	10,947		10,883

	Insurance reserves	8,175		8,175

	Distributions to owners declared, but unpaid	82		7,654

	Other current liabilities	2,703		2,845

	Total other current liabilities	$	67,905	$	79,300


	Other long-term liabilities consist of the following at June 17, 2014 and December 31, 2013:



		June 17, 2014		December 31, 2013
	Uncertain tax positions	$	58,177	$	56,105

	Deferred membership revenues	42,820		42,773

	Casualty insurance loss reserves - long term portion	12,158		11,255

	Above market lease intangibles	1,069		1,347

	Deferred rent	24,472		22,716

	Accrued interest on notes payable related to Non-Core Development Entities	21,601		21,111

	Other	2,399		2,637

	Total other long-term liabilities	$	162,696	$	157,944

DEBT_AND_CAPITAL_LEASES_Tables

DEBT AND CAPITAL LEASES (Tables)	6 Months Ended
	Jun. 17, 2014
Debt Disclosure [Abstract]	'
Schedule of Debt	'
	Long-term borrowings and lease commitments of the Company as of June 17, 2014 and December 31, 2013, are summarized below:


		June 17, 2014						December 31, 2013
		Carrying Value			Interest Rate			Carrying Value			Interest Rate		Interest Rate Calculation	Maturity

	Senior Notes	$	—		—	%		$	269,750		10	%	Fixed	2018

	Secured Credit Facilities

	Term Loan	651,106			4	%		301,106			4	%	Greater of (i) 4.0% or (ii) an elected LIBOR + 3.0%	2020

	Revolving Credit Borrowings - ($135,000 capacity) (1)	—			3.23	%		—			3.25	%	LIBOR plus a margin of 3.0%	2018

	Mortgage Loans

	General Electric Capital Corporation	30,052			6	%		30,313			6	%	5.00% plus the greater of (i) three month LIBOR or (ii) 1%	2017

	Notes payable related to certain Non-Core Development Entities	11,837			9	%		11,837			9	%	Fixed	-2

	Atlantic Capital Bank	3,413			4.5	%		3,493			4.5	%	Greater of (i) 3.0% + 30 day LIBOR or (ii) 4.5%	2015

	BancFirst	4,458			4.5	%		4,652			4.5	%	Greater of (i) 4.5% or prime rate	2016

	Other indebtedness	2,422			4.75% - 6.00%			2,837			4.75% - 8.00%		Fixed	Various


		703,288						623,988

	Capital leases	27,504						25,691

		730,792						649,679

	Less current portion	(12,308		)				(11,567		)
	Less discount on the Secured Credit Facilities' Term Loan	(1,705		)				—

		$	716,779					$	638,112

	______________________


	-1	As of June 17, 2014, the revolving credit facility had capacity of $135.0 million, which was reduced by $23.7 million of standby letters of credit outstanding, leaving $111.3 million available for borrowing.


	-2	Notes payable related to certain Non-Core Development Entities are payable through the cash proceeds related to the sale of certain real estate held by these Non-Core Development Entities.
Schedule of Maturities of Long-term Debt	'
	The amount of long-term debt maturing in each of the five years subsequent to 2013 and thereafter is as follows. This table reflects the contractual maturity dates as of June 17, 2014.


	Year	Debt				Capital Leases				Total
	Remainder of 2014	$	764			$	5,998			$	6,762

	2015	4,730				9,863				14,593

	2016	4,568				6,568				11,136

	2017	28,885				3,805				32,690

	2018	330				1,139				1,469

	Thereafter	664,011				131				664,142

	Total	$	703,288			$	27,504			$	730,792

CLUB_ACQUISITIONS_CLUB_DISPOSI1

CLUB ACQUISITIONS, CLUB DISPOSITIONS AND DISCONTINUED OPERATIONS (Tables)	6 Months Ended
	Jun. 17, 2014				Jun. 17, 2014				Jun. 17, 2014				Jun. 11, 2013
	TPC-Piper Glen [Member]				TPC-Michigan [Member]				Prestonwood Country Club [Member] [Domain]				Oak Tree Country Club [Member]
Business Acquisition [Line Items]	'				'				'				'
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	'				'				'				'
	TPC Piper Glen—On April 29, 2014, we acquired Tournament Players Club (“TPC”) Piper Glen, a private golf club in Charlotte, North Carolina with a purchase price of $3.8 million for net cash consideration of $3.7 million. We recorded the following major categories of assets and liabilities, which are subject to change until our information is finalized, no later than twelve months from the acquisition date:				TPC Michigan—On April 29, 2014, we acquired TPC Michigan, a semi-private golf club in Dearborn, Michigan with a purchase price of $3.0 million for net cash consideration of $2.6 million. We recorded the following major categories of assets and liabilities, which are subject to change until our information is finalized, no later than twelve months from the acquisition date:				Prestonwood Country Club—On March 3, 2014, we acquired Prestonwood Country Club, a private golf club comprised of two properties, The Creek in Dallas, Texas and The Hills in nearby Plano, Texas, with a purchase price of $11.2 million for net cash consideration of $10.9 million. We recorded the following major categories of assets and liabilities, which are subject to change until our information is finalized, no later than twelve months from the acquisition date:				Oak Tree Country Club—On May 22, 2013, we acquired Oak Tree Country Club, a private country club located in Edmond, Oklahoma, in exchange for net cash consideration of $5.2 million. We assumed debt of $5.0 million in connection with the acquisition. We recorded the following major categories of assets and liabilities:


									Land, depreciable land improvements, and property and equipment	$	14,742
	Land, depreciable land improvements, and property and equipment	$	3,833		Land, depreciable land improvements, and property and equipment	$	3,643						Land, property and equipment	$	12,108
									Inventory and prepaid assets	97
	Receivables and inventory	210			Receivables, inventory and prepaid assets	235							Receivables, prepaid assets and other assets	662
									Other current liabilities and accrued taxes	(362		)
	Other current liabilities and accrued taxes	(115		)	Other current liabilities and accrued expenses	(624		)	Long-term debt	(280		)	Inventory	233
	Long-term debt and other liabilities	(197		)	Long-term debt	(157		)	Deferred tax liability	(1,300		)
	Total	$	3,731		Deferred tax liability	(175		)	Membership initiation deposits and other liabilities	(1,994		)	Current maturities of long-term debt	(468		)
					Membership initiation deposits	(370		)	Total	$	10,903		Long-term debt	(4,486		)
					Total	$	2,552						Deferred tax liability	(722		)
													Membership initiation deposits and other liabilities	(2,099		)
													Total	$	5,228

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 17, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment	'
	The table below shows summarized financial information by segment for continuing operations for the twelve and twenty-four weeks ended June 17, 2014 and June 11, 2013:



		Twelve Weeks Ended								Twenty-Four Weeks Ended
		June 17, 2014				June 11, 2013				June 17, 2014				June 11, 2013
	Golf and Country Clubs

	Revenues	$	167,270			$	152,099			$	295,041			$	271,349

	Adjusted EBITDA	49,931				46,834				86,333				79,467


	Business, Sports and Alumni Clubs

	Revenues	$	42,665			$	41,648			$	81,106			$	79,496

	Adjusted EBITDA	8,225				8,425				14,661				14,137


	Other

	Revenues	$	3,948			$	3,642			$	5,952			$	3,574

	Adjusted EBITDA	(8,294		)		(9,402		)		(19,074		)		(17,983		)

	Elimination of intersegment revenues and segment reporting adjustments	$	(2,465	)		$	(1,770	)		$	(4,958	)		$	(3,740	)

	Total

	Revenues	$	211,418			$	195,619			$	377,141			$	350,679

	Adjusted EBITDA	49,862				45,857				81,920				75,621




		As of
	Total Assets	June 17, 2014				December 31, 2013
	Golf and Country Clubs	1,283,738				1,254,988

	Business, Sports and Alumni Clubs	86,372				90,078

	Other	407,885				391,151

	Consolidated	$	1,777,995			$	1,736,217


	The table below provides a reconciliation of our net loss to Adjusted EBITDA for the twelve and twenty-four weeks ended June 17, 2014 and June 11, 2013:



		Twelve Weeks Ended								Twenty-Four Weeks Ended
		June 17, 2014				June 11, 2013				June 17, 2014				June 11, 2013
	Net (loss) income	$	(17,477	)		$	7,122			$	(21,265	)		$	(3,369	)

	Interest expense	15,572				19,567				31,298				39,147

	Income tax benefit	(7,966		)		(2,848		)		(8,830		)		(2,643		)
	Interest and investment income	(87		)		(69		)		(169		)		(144		)
	Depreciation and amortization	16,799				16,312				33,245				32,467

	EBITDA	$	6,841			$	40,084			$	34,279			$	65,458

Impairments, disposition of assets and (loss) income from discontinued operations (1)	3,430				4,289				5,499				5,513

Loss on extinguishment of debt (2)	31,498				—				31,498				—

Non-cash adjustments (3)	463				843				925				1,653

Other adjustments (4)	5,362				253				5,558				2,018

Equity-based compensation expense (5)	1,256				—				2,088				—

Acquisition adjustment (6)	1,012				388				2,073				979

Adjusted EBITDA	$	49,862			$	45,857			$	81,920			$	75,621

______________________


-1	Includes non-cash impairment charges related to property and equipment, loss on disposals of assets and net loss or income from discontinued clubs.


-2	Includes loss on extinguishment of debt calculated in accordance with GAAP.


-3	Includes non-cash items related to purchase accounting associated with the acquisition of CCI in 2006 by affiliates of KSL and expense recognized for our long-term incentive plan related to fiscal years 2011 through 2013.


-4	Represents adjustments permitted by the credit agreement governing the Secured Credit Facilities including cash distributions from equity method investments less earnings of said investments, income or loss attributable to non-controlling equity interests of continuing operations, franchise taxes, adjustments to accruals for unclaimed property settlements, acquisition costs, debt amendment costs, equity offering costs, other charges incurred in connection with the ClubCorp Formation and management fees, termination fee and expenses paid to an affiliate of KSL.


-5	Includes equity-based compensation expense, calculated in accordance with GAAP, related to awards held by certain employees, executives and directors.


-6	Represents estimated deferred revenue using current membership life estimates related to initiation payments that would have been recognized in the applicable period but for the application of purchase accounting in connection with the acquisition of CCI in 2006.

Adjusted EBITDA is not determined in accordance with GAAP and should not be considered as an alternative to, or more meaningful than, operating income or net income (as determined in accordance with GAAP) as a measure of our operating results or net cash provided by operating activities (as determined in accordance with GAAP) as a measure of our cash flows or ability to fund our cash needs. Our measurement of Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies.

EARNINGS_PER_SHARE_EARNINGS_PE1

EARNINGS PER SHARE EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 17, 2014
Earnings Per Share [Abstract]	'
Dividends Declared [Table Text Block]	'
	The following is a summary of dividends declared or paid during the periods presented:


	Declaration Date		Dividend Per Share			Record Date		Total Amount			Payment Date
								(in thousands)
	Fiscal Year 2013
	December 26, 2012		$	0.69		December 26, 2012		$	35,000		December 27, 2012

	December 10, 2013		$	0.12		January 3, 2014		$	7,654		January 15, 2014


	Fiscal Year 2014
	March 18, 2014		$	0.12		April 3, 2014		$	7,725		April 15, 2014

	June 25, 2014 (1)		$	0.12		July 7, 2014		$	7,731		July 15, 2014

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
	Presented below is basic and diluted EPS for the twelve and twenty-four weeks ended June 17, 2014 and June 11, 2013 (in thousands, except per share amounts):


		Twelve Weeks Ended												Twenty-Four Weeks Ended
		June 17, 2014							June 11, 2013					June 17, 2014						June 11, 2013
		Basic			Diluted				Basic			Diluted		Basic			Diluted			Basic			Diluted
	(Loss) income from continuing operations attributable to ClubCorp	$	(17,612	)	$	(17,612	)		$	7,075		$	7,075	$	(21,338	)	$	(21,338	)	$	(3,370	)	$	(3,370	)

	Weighted-average shares outstanding	63,964			63,964				50,570			50,570		63,863			63,863			50,570			50,570

	Effect of dilutive equity-based awards	—			—				—			—		—			—			—			—

	Total Shares	63,964			63,964				50,570			50,570		63,863			63,863			50,570			50,570

	Loss (income) from continuing operations attributable to ClubCorp per share	$	(0.28	)	$	(0.28	)		$	0.14		$	0.14	$	(0.33	)	$	(0.33	)	$	(0.07	)	$	(0.07	)

SIGNIFICANT_ACCOUNTING_POLICIE

SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) (USD $)

3 Months Ended

6 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

3 Months Ended

6 Months Ended

Jun. 17, 2014

Jun. 11, 2013

Jun. 17, 2014

Jun. 11, 2013

Sep. 24, 2013

Feb. 07, 2014

Jan. 17, 2014

Feb. 07, 2014

Jun. 17, 2014

Sep. 25, 2013

Restricted Stock [Member]

Performance Shares [Member]

2012 Stock Award Plan

Holdings Common Stock Held by Fillmore [Member]

RSUs

ManagementProfitsInterestProgramMember [Domain]

Accounting Policies [Line Items]

Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax

Common Stock, Capital Shares Reserved for Future Issuance

3,000,000

4,000,000

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

211,579

211,596

Membership deposits nonrefundable term (years)

'30 years

Units granted

111,589

103,886

111,610

Units outstanding, net of forfeitures

190,788

196,267

2,251,027

Share-based Compensation

1,256,000

2,088,000

Employee Service Share-based Compensation, Tax Benefit from Compensation Expense

-115,000

-364,000

Allocated Share-based Compensation Expense, Net of Tax

1,141,000

1,724,000

Equity-based compensation included in Club Operating Costs

557,000

797,000

Equity-based compensation included in Selling, General & Administrative Expenses

699,000

1,291,000

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized

4,800,000

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition

'1 year 8 months

Membership initiation fees and deposits revenue

$3,000,000

$4,100,000

$6,100,000

$8,000,000

VARIABLE_INTEREST_ENTITIES_Nar

VARIABLE INTEREST ENTITIES (Narrative) (Details) (USD $)	Jun. 17, 2014	Dec. 31, 2013	Jun. 17, 2014	Jun. 17, 2014
	Entity		Variable Interest Entity One	Variable Interest Entity One and Two
			Variable Interest Entity, Primary Beneficiary	Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]	'	'	'	'
Number of variable interest entities (VIEs)	3	'	'	'
Variable interest entity financial support	'	'	$1,000,000	$3,500,000
Variable Interest Entities Assets	11,748,000	11,604,000	4,200,000	6,700,000
Total assets of the entity	$11,700,000	$11,600,000	'	'

VARIABLE_INTEREST_ENTITIES_Sch

VARIABLE INTEREST ENTITIES (Schedule of Classification and Carrying Amounts of Variable Interest Entities Assets and Liabilities Net) (Details) (USD $)	Jun. 17, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Jun. 17, 2014	Dec. 31, 2013
Variable Interest Entity [Line Items]	'	'
Variable Interest Entities Assets	$11,748	$11,604
Variable Interest Entities Assets and Liabilities, Net	11,748	11,604
Current assets	'	'
Variable Interest Entity [Line Items]	'	'
Variable Interest Entities Assets	1,616	1,407
Fixed assets, net	'	'
Variable Interest Entity [Line Items]	'	'
Variable Interest Entities Assets	9,285	9,347
Other Assets [Member]	'	'
Variable Interest Entity [Line Items]	'	'
Variable Interest Entities Assets	847	850
Current liabilities	'	'
Variable Interest Entity [Line Items]	'	'
Variable Interest Entities Liabilities	1,774	1,644
Long-term debt	'	'
Variable Interest Entity [Line Items]	'	'
Variable Interest Entities Liabilities	13,286	13,157
Other long-term liabilities	'	'
Variable Interest Entity [Line Items]	'	'
Variable Interest Entities Liabilities	20,412	20,060
Noncontrolling interest	'	'
Variable Interest Entity [Line Items]	'	'
Variable Interest Entities Assets and Liabilities, Net	5,776	5,955
Company capital	'	'
Variable Interest Entity [Line Items]	'	'
Variable Interest Entities Assets and Liabilities, Net	($29,500)	($29,212)

INVESTMENTS_Narrative_Details

INVESTMENTS (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 17, 2014	Jun. 11, 2013	Jun. 17, 2014	Jun. 11, 2013	Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]	'	'	'	'	'
Equity method investments	$1.30	'	$1.30	'	$1.40
Avendra LLC	'	'	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'	'	'
Equity method investments	5.2	'	5.2	'	6.2
Useful lives of the difference between the carrying amount and underlying equity of equity method investments (years)	'	'	'10 years	'	'
Equity method investment ownership percentage	10.20%	'	10.20%	'	'
Volume rebates	2	2.1	2	2.1	'
The difference between the carrying value of the investment and underlying equity	$5.10	'	$5.10	'	$6
Golf Club	'	'	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'	'	'
Number of Joint Ventures	2	'	2	'	'
Business, Sports and Alumni Clubs	'	'	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'	'	'
Number of Joint Ventures	1	'	1	'	'

INVESTMENTS_Schedule_of_Signif

INVESTMENTS (Schedule of Significant Financial Information for Joint Venture) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 17, 2014	Jun. 11, 2013	Jun. 17, 2014	Jun. 11, 2013
Schedule of Equity Method Investments [Line Items]	'	'	'	'
Amortization	($100)	($700)	($200)	($1,300)
ClubCorp's equity in net income	323	325	833	542
Avendra LLC	'	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'	'
ClubCorp's equity in net income, excluding amortization	791	782	1,800	1,487
Amortization	-464	-464	-927	-927
ClubCorp's equity in net income	$327	$318	$873	$560

FAIR_VALUE_Schedule_of_Fair_Va

FAIR VALUE (Schedule of Fair Value) (Details) (USD $)

Jun. 17, 2014

Jun. 11, 2013

Jun. 17, 2014

Jun. 11, 2013

Jun. 17, 2014

Jun. 11, 2013

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Certain property and equipment [Member]

Reported Value Measurement [Member]

Estimate of Fair Value Measurement [Member]

Secured Credit Facilities Term Loan

Level 3

Impairment Of Assets [Member]

Level 2 (1)

Level 3

Level 2 (1)

Level 3

Secured Debt [Member]

Level 3

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums

$1,705,000

Fair value of debt obligations

701,583,000

623,988,000

649,401,000

570,856,000

52,182,000

53,132,000

691,344,000

645,746,000

648,664,000

601,775,000

42,680,000

43,971,000

Impairment of Long-Lived Assets Held-for-use

900,000

1,900,000

900,000

1,900,000

Property, Plant, and Equipment, Fair Value Disclosure

$200,000

$300,000

PROPERTY_AND_EQUIPMENT_Schedul

PROPERTY AND EQUIPMENT (Schedule of Property and Equipment) (Details) (USD $)	Jun. 17, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Jun. 17, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	$1,691,094	$1,639,997
Accumulated depreciation	-430,348	-405,094
Total	1,260,746	1,234,903
Land and non-depreciable land improvements	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	535,388	530,212
Depreciable land improvements	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	352,069	339,806
Building and recreational facilities	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	427,369	416,259
Machinery and equipment	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	191,083	181,619
Leasehold improvements	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	98,344	95,901
Furniture and fixtures	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	77,342	72,687
Construction in progress	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	$9,499	$3,513

PROPERTY_AND_EQUIPMENT_Narrati

PROPERTY AND EQUIPMENT (Narrative) (Details) (Fair Value, Inputs, Level 3 [Member], Certain property and equipment [Member], USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 17, 2014	Jun. 11, 2013	Jun. 17, 2014	Jun. 11, 2013
Property, Plant and Equipment [Line Items]	'	'	'	'
Property, Plant, and Equipment, Fair Value Disclosure	$0.20	$0.30	$0.20	$0.30
Impairment Of Assets [Member]	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'
Impairment of Long-Lived Assets Held-for-use	$0.90	$1.90	$0.90	$1.90

GOODWILL_AND_INTANGIBLE_ASSETS2

GOODWILL AND INTANGIBLE ASSETS (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 17, 2014	Jun. 11, 2013	Jun. 17, 2014	Jun. 11, 2013
Goodwill [Line Items]	'	'	'	'
Amortization	$0.10	$0.70	$0.20	$1.30

GOODWILL_AND_INTANGIBLE_ASSETS3

GOODWILL AND INTANGIBLE ASSETS (Schedule of Intangible Assets and Goodwill) (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 17, 2014	Dec. 31, 2013
Indefinite Lived and Finite-Lived Intangible Assets [Line Items]	'	'
Accumulated Amortization	($3,254)	($3,037)
Intangible Assets, Net (Excluding Goodwill)	27,017	27,234
Intangible Assets Gross	30,271	30,271
Goodwill	258,459	258,459
Member Relationships	'	'
Indefinite Lived and Finite-Lived Intangible Assets [Line Items]	'	'
Finite-Lived Intangible Asset, Useful Life	'7 years	'
Intangible assets with finite lives	2,800	2,800
Accumulated Amortization	-2,731	-2,547
Total	69	253
Management Contracts	'	'
Indefinite Lived and Finite-Lived Intangible Assets [Line Items]	'	'
Finite-Lived Intangible Asset, Useful Life	'9 years	'
Intangible assets with finite lives	598	598
Accumulated Amortization	-523	-490
Total	75	108
Trade names	'	'
Indefinite Lived and Finite-Lived Intangible Assets [Line Items]	'	'
Intangible assets with indefinite lives	24,850	24,850
Liquor Licenses	'	'
Indefinite Lived and Finite-Lived Intangible Assets [Line Items]	'	'
Intangible assets with indefinite lives	$2,023	$2,023

GOODWILL_AND_INTANGIBLE_ASSETS4

GOODWILL AND INTANGIBLE ASSETS (Schedule of Goodwill) (Details) (USD $)	Jun. 17, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Jun. 17, 2014	Dec. 31, 2013
Goodwill [Roll Forward]	'	'
Goodwill	$258,459	$258,459
Golf and Country Clubs	'	'
Goodwill [Roll Forward]	'	'
Goodwill	113,108	113,108
Business, Sports and Alumni Clubs	'	'
Goodwill [Roll Forward]	'	'
Goodwill	$145,351	$145,351

CURRENT_AND_LONGTERM_LIABILITI2

CURRENT AND LONG-TERM LIABILITIES (Schedule of Current Liabilities) (Details) (USD $)	Jun. 17, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Jun. 17, 2014	Dec. 31, 2013
Payables and Accruals [Abstract]	'	'
Accrued compensation	$20,501	$27,933
Accrued interest	3,945	2,373
Other accrued expenses	5,586	6,466
Total accrued expenses	30,032	36,772
Taxes payable other than federal income taxes	18,385	20,000
Accrued Income Taxes, Current	0	455
Total accrued taxes	18,385	20,455
Advance deposits from members	22,639	17,305
Unearned dues	23,359	32,438
Deferred membership revenues	10,947	10,883
Insurance reserves	8,175	8,175
Dividends Payable	82	7,654
Other current liabilities	2,703	2,845
Total other current liabilities	$67,905	$79,300

CURRENT_AND_LONGTERM_LIABILITI3

CURRENT AND LONG-TERM LIABILITIES (Schedule of Other Long Term Liabilities) (Details) (USD $)	Jun. 17, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Jun. 17, 2014	Dec. 31, 2013
Payables and Accruals [Abstract]	'	'
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$58,177	$56,105
Deferred membership revenues	42,820	42,773
Casualty insurance loss reserves - long term portion	12,158	11,255
Above market lease intangibles	1,069	1,347
Deferred rent	24,472	22,716
Interest Payable	21,601	21,111
Other	2,399	2,637
Total other long-term liabilities	$162,696	$157,944

DEBT_AND_CAPITAL_LEASES_Narrat

DEBT AND CAPITAL LEASES (Narrative) (Details) (USD $)

0 Months Ended

6 Months Ended

0 Months Ended

2 Months Ended

6 Months Ended

12 Months Ended

0 Months Ended

6 Months Ended

12 Months Ended

Apr. 11, 2014

Jun. 17, 2014

Jun. 11, 2013

Dec. 31, 2013

Apr. 11, 2014

Aug. 30, 2013

Jul. 24, 2013

Nov. 16, 2012

Nov. 30, 2010

Jun. 17, 2014

Dec. 31, 2013

Apr. 11, 2014

Oct. 28, 2013

Jun. 17, 2014

Dec. 31, 2013

Nov. 30, 2010

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Aug. 01, 2012

Jul. 31, 2008

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

22-May-13

Jun. 17, 2014

Apr. 11, 2014

Jun. 17, 2014

Jul. 24, 2013

Jun. 17, 2014

Dec. 31, 2013

Jul. 24, 2013

Nov. 16, 2012

Jun. 17, 2014

Dec. 31, 2013

Jul. 24, 2013

Nov. 16, 2012

Secured Debt [Member]

Unsecured Debt [Member]

Revolving Credit Facility Tranche B [Member]

Mortgages [Member]

Revolving Credit Facility Tranche B [Member]

Revolving Credit Facility [Member]

Secured Debt [Member]

Option 2 [Member]

Option 1 [Member]

Libor Rate [Member]

Secured Credit Facilities Term Loan

Senior Unsecured Notes [Member]

Secured Credit Facilities Revolving Notes [Member]

General Electric Capital Corporation Mortgage Loan [Member]

Atlantic Capital Bank Mortgage Loan [Member]

BancFirst Mortgage Loan [Member] [Member]

Secured Debt [Member]

Secured Credit Facilities Term Loan

Mortgages [Member]

Secured Debt [Member]

Revolving Credit Facility Tranche B [Member]

Option 2 [Member]

Option

Secured Credit Facilities Term Loan

Atlantic Capital Bank Mortgage Loan [Member]

Secured Credit Facilities Term Loan

Secured Credit Facilities Revolving Notes [Member]

Secured Debt [Member]

Secured Credit Facilities Term Loan

Debt Instrument [Line Items]

Mortgage Loan Mortgage Obligation Face Amount

$32,000,000

$5,000,000

Mortgage Loan Mortgage Obligation Options To Extend Maturity

Debt Instrument, Face Amount

415,000,000

350,000,000

651,100,000

301,100,000

Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums

1,705,000

1,800,000

Line of Credit Facility, Remaining Borrowing Capacity

111,300,000

Debt Instrument, Basis Spread on Variable Rate

3.00%

Line of Credit Facility, Current Borrowing Capacity

135,000,000

Letters of Credit Outstanding, Amount

23,700,000

Line of Credit Facility Increase in Maximum Borrowing Capacity

50,000,000

Senior Secured Leverage Ratio Required to exercise accordian feature

3.75

Senior Secured Leverage Ratio Requirement

Senior Secured Leverage Ratio Actual

3.66

Debt Issuance Cost

2,700,000

3,400,000

4,400,000

800,000

6,800,000

Debt issuance costs recorded to expense

1,800,000

Debt issuance costs, gross

4,500,000

Write off of Deferred Debt Issuance Cost

4,000,000

2,300,000

Amount paid to Trustee for redemption of bonds including principal, interest and redemption premium

309,200,000

Early Repayment of Debt

145,300,000

Long-term Debt, Gross

703,288,000

623,988,000

651,106,000

301,106,000

269,750,000

30,052,000

30,313,000

3,413,000

3,493,000

4,458,000

4,652,000

Debt early redemption premium

27,452,000

14,500,000

27,500,000

Debt Instrument, Redemption Price, Percentage

110.18%

110.00%

Debt Instrument, Interest Rate, Stated Percentage

4.00%

0.00%

10.00%

3.23%

3.25%

6.00%

4.50%

4.25%

5.00%

Debt Instrument, Interest Rate, Stated Percentage upon completion of IPO

4.00%

3.00%

Minimum Required Proceeds from Initial Public Offering to amend debt

$50,000,000

Debt Instrument, Interest Rate, Variable Percentage

3.25%

3.75%

DEBT_AND_CAPITAL_LEASES_Schedu

DEBT AND CAPITAL LEASES (Schedule of Long Term Debt and Capital Leases) (Details) (USD $)

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Nov. 30, 2010

Jun. 17, 2014

Dec. 31, 2013

Jul. 24, 2013

Nov. 16, 2012

Jul. 24, 2013

Nov. 16, 2012

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

In Thousands, unless otherwise specified

Unsecured Debt

Secured Debt [Member]

Revolving Credit Facility Tranche B [Member]

Mortgages [Member]

Other notes

Maximum

Senior Unsecured Notes

Secured Credit Facilities Term Loan

Secured Credit Facilities Revolving Notes [Member]

General Electric Capital Corporation Mortgage Loan [Member]

Atlantic Capital Bank Mortgage Loan

BancFirst Mortgage Loan [Member] [Member]

Other Notes related to Non Core Development Entities [Member] [Member]

Mortgages [Member]

Fixed rate

Fixed plus variable rate

LIBOR

Fixed rate

Fixed plus variable rate

Fixed rate

General Electric Capital Corporation Mortgage Loan [Member]

LIBOR

Three month LIBOR

30 Days LIBOR

Prime Rate [Member]

Fixed plus variable rate

Debt Instrument [Line Items]

Long-term Debt Carrying Value

$703,288

$623,988

$269,750

$651,106

$301,106

$30,052

$30,313

$3,413

$3,493

$4,458

$4,652

$11,837

$2,422

$2,837

Debt Instrument, Interest Rate, Stated Percentage

0.00%

10.00%

4.00%

4.25%

5.00%

3.23%

3.25%

6.00%

4.50%

9.00%

1.00%

Debt Instrument, Basis Spread on Variable Rate

3.00%

5.00%

3.00%

Debt Instrument, Interest Rate, Variable Percentage

3.25%

3.75%

Interest Rate, Minimum

4.75%

Interest Rate, Maximum

6.00%

8.00%

Capital leases

27,504

25,691

Long Term Debt and Capital Lease Obligations Current and Noncurrent

730,792

649,679

Less current portion

-12,308

-11,567

Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums

-1,705

Long-term debt

$716,779

$638,112

DEBT_AND_CAPITAL_LEASES_Schedu1

DEBT AND CAPITAL LEASES (Schedule of Long Term Debt maturities) (Details) (USD $)	Jun. 17, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Jun. 17, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]	'	'
Debt 2013	$764	'
Capital Leases, 2013	5,998	'
Total 2013	6,762	'
Debt 2014	4,730	'
Capital Leases, 2014	9,863	'
Total 2014	14,593	'
Debt 2015	4,568	'
Capital Leases 2015	6,568	'
Total 2015	11,136	'
Debt 2016	28,885	'
Capital Leases 2016	3,805	'
Total 2016	32,690	'
Debt 2017	330	'
Capital Leases, 2017	1,139	'
Total 2017	1,469	'
Debt Thereafter	664,011	'
Capital Leases Thereafter	131	'
Total Thereafter	664,142	'
Total Debt	703,288	'
Capital Leases	27,504	25,691
Long Term Debt and Capital Lease Obligations Current and Noncurrent	$730,792	$649,679

INCOME_TAXES_Narrative_Details

INCOME TAXES (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
INCOME TAXES (Narrative) (Details) (USD $)	Jun. 17, 2014	Jun. 11, 2013	Jun. 17, 2014	Jun. 11, 2013	Dec. 31, 2013
Operating Loss Carryforwards [Line Items]	'	'	'	'	'
Effective Income Tax Rate Reconciliation, Percent	31.30%	-66.80%	29.30%	44.00%	'
Unrecognized Tax Benefits	$58,177,000	'	$58,177,000	'	$56,105,000
Federal statutory rate	'	'	35.00%	'	'
Benefit to effective tax rate on all uncertain tax positions	44,000,000	'	44,000,000	'	'
Other long-term liabilities	'	'	'	'	'
Operating Loss Carryforwards [Line Items]	'	'	'	'	'
Unrecognized Tax Benefits	58,200,000	'	58,200,000	'	56,100,000
Tax Audit Year 2008 [Domain]	'	'	'	'	'
Operating Loss Carryforwards [Line Items]	'	'	'	'	'
Tax Contingencies Subject To Compromise, Not Recorded	3,000,000	'	3,000,000	'	'
Tax Audit Year 2009 [Domain]	'	'	'	'	'
Operating Loss Carryforwards [Line Items]	'	'	'	'	'
Tax Contingencies Subject To Compromise, Not Recorded	$6,000,000	'	$6,000,000	'	'

CLUB_ACQUISITIONS_CLUB_DISPOSI2

CLUB ACQUISITIONS, CLUB DISPOSITIONS AND DISCONTINUED OPERATIONS (Narrative) (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 17, 2014	Jun. 17, 2014	Jun. 17, 2014	Jun. 11, 2013
	TPC-Piper Glen [Member]	TPC-Michigan [Member]	Prestonwood Country Club [Member] [Domain]	Oak Tree Country Club [Member]
Business Acquisition [Line Items]	'	'	'	'
Payments to Acquire Businesses, Gross	$3.80	$3	$11.20	'
Business Combination, Consideration Transferred	3.7	2.6	10.9	5.2
Liabilities Assumed	'	'	'	$5

CLUB_ACQUISITIONS_CLUB_DISPOSI3

CLUB ACQUISITIONS, CLUB DISPOSITIONS AND DISCONTINUED OPERATIONS (Schedule of Recognized Indentifiable Assets Acquired and Liabilities Assumed) (Details) (USD $)	6 Months Ended		6 Months Ended		6 Months Ended		6 Months Ended
	Jun. 11, 2013	22-May-13	Jun. 17, 2014	Mar. 03, 2014	Jun. 17, 2014	Apr. 29, 2014	Jun. 17, 2014	Apr. 29, 2014
	Oak Tree Country Club [Member]	Oak Tree Country Club [Member]	Prestonwood Country Club [Member] [Domain]	Prestonwood Country Club [Member] [Domain]	TPC-Michigan [Member]	TPC-Michigan [Member]	TPC-Piper Glen [Member]	TPC-Piper Glen [Member]
Business Acquisition [Line Items]	'	'	'	'	'	'	'	'
Payments to Acquire Businesses, Gross	'	'	$11,200,000	'	$3,000,000	'	$3,800,000	'
Business Combination, Consideration Transferred	5,200,000	'	10,900,000	'	2,600,000	'	3,700,000	'
Business Combination, Depreciable land Improvements, property and equipment	'	12,108,000	'	14,742,000	'	3,643,000	'	3,833,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other	'	662,000	'	'	'	235,000	'	210,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	'	233,000	'	'	'	'	'	'
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory and Prepaid	'	'	'	97,000	'	'	'	'
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other	'	'	'	-362,000	'	-624,000	'	-115,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt	'	-468,000	'	'	'	'	'	'
Business Combination, Noncurrent Liabilities, Long-term Debt	'	-4,486,000	'	-280,000	'	-157,000	'	'
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities	'	'	'	'	'	'	'	-197,000
Business Combination, Deferred Tax Liabilities Noncurrent	'	-722,000	'	-1,300,000	'	-175,000	'	'
Business Combinations, Membership initiation deposits and other liabilities	'	-2,099,000	'	-1,994,000	'	-370,000	'	'
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	'	$5,228,000	'	$10,903,000	'	$2,552,000	'	$3,731,000

SEGMENT_INFORMATION_Schedule_o

SEGMENT INFORMATION (Schedule of Segment Reporting Information, by Segment) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 17, 2014	Jun. 11, 2013	Jun. 17, 2014	Jun. 11, 2013	Dec. 31, 2013
	Jun. 17, 2014	Jun. 11, 2013	Reportable_Segment	Jun. 11, 2013	Dec. 31, 2013
Segment Reporting Information [Line Items]	'	'	'	'	'
Number of reportable segments	'	'	2	'	'
Revenues	$211,418	$195,619	$377,141	$350,679	'
Total Assets	1,777,995	'	1,777,995	'	1,736,217
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	-17,477	7,122	-21,265	-3,369	'
Interest Expense	15,572	19,567	31,298	39,147	'
Income Tax Expense (Benefit)	-7,966	-2,848	-8,830	-2,643	'
Interest and investment income	-87	-69	-169	-144	'
Depreciation and amortization	16,799	16,312	33,245	32,467	'
EBITDA	6,841	40,084	34,279	65,458	'
Loss On Disposals, Impairment Of Assets and income/loss from discontinued operations	3,430	4,289	5,499	5,513	'
Gains (Losses) on Extinguishment of Debt	31,498	0	31,498	0	'
EBITDA to Adjusted EBITDA Reconciliation, Non-cash adjustments	463	843	925	1,653	'
EBITDA to Adjusted EBITDA Reconciliation, Other adjustments	5,362	253	5,558	2,018	'
Share-based Compensation	1,256	0	2,088	0	'
Interest and investment income	1,012	388	2,073	979	'
EBITDA to Adjusted EBITDA Reconciliation, Adjusted EBITDA	49,862	45,857	81,920	75,621	'
Golf and Country Clubs	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Revenues	167,270	152,099	295,041	271,349	'
Total Assets	1,283,738	'	1,283,738	'	1,254,988
EBITDA	49,931	46,834	86,333	79,467	'
Business, Sports and Alumni Clubs	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Revenues	42,665	41,648	81,106	79,496	'
Total Assets	86,372	'	86,372	'	90,078
EBITDA	8,225	8,425	14,661	14,137	'
Other	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Revenues	3,948	3,642	5,952	3,574	'
Total Assets	407,885	'	407,885	'	391,151
EBITDA	-8,294	-9,402	-19,074	-17,983	'
Intersegment Eliminations [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Revenues	($2,465)	($1,770)	($4,958)	($3,740)	'

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details) (Capital commitments, USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 17, 2014
Capital commitments	'
Loss Contingencies [Line Items]	'
Capital commitments	$16.20

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended	6 Months Ended		12 Months Ended	3 Months Ended
In Thousands, except Share data in Millions, unless otherwise specified	Jun. 17, 2014	Jun. 11, 2013	Jun. 17, 2014	Jun. 11, 2013	Dec. 31, 2013	Jun. 11, 2013	Jun. 17, 2014	Dec. 31, 2013	Sep. 09, 2014	Sep. 09, 2014
						Principal Owner [Member]	Parent Company [Member]	Parent Company [Member]	Subsequent Event [Member]	Subsequent Event [Member]
										Parent Company [Member]
Distributions to owners [Line Items]	'	'	'	'	'	'	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.4	'	0.3	'	'	'	'	'	'	'
Payments of Capital Distribution	'	'	$15,302	$35,000	'	$35,000	'	'	'	'
Distributions declared, but unpaid	'	'	'	'	'	'	$7,725	$7,654	'	$7,731
Common Stock, Dividends, Per Share, Declared	$0	$0	$0.12	$0.69	$0.12	'	'	'	$0.12	'

Recovered_Sheet1

EARNINGS PER SHARE Earnings Per Share Table (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 17, 2014	Jun. 11, 2013	Jun. 17, 2014	Jun. 11, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	400,000	'	300,000	'
Income (Loss) from Continuing Operations, Excluding Portion Attributable to Noncontrolling Interest	($17,612)	$7,075	($21,338)	($3,370)
Weighted Average Number of Shares Outstanding, Basic	63,964,000	50,570,000	63,863,000	50,570,000
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0	0	0	0
Weighted Average Number of Shares Outstanding, Diluted	63,964,000	50,570,000	63,863,000	50,570,000
(Loss) income from continuing operations attributable to ClupCorp per basic share	($0.28)	$0.14	($0.33)	($0.07)
(Loss) income from continuing operations attributable to ClupCorp per diluted share	($0.28)	$0.14	($0.33)	($0.07)

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)

6 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

Jun. 17, 2014

Jun. 11, 2013

Dec. 31, 2013

Sep. 25, 2013

Jun. 11, 2013

Jun. 17, 2014

Jun. 11, 2013

Jun. 17, 2014

Jun. 11, 2013

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Dec. 31, 2013

Jun. 17, 2014

Affiliated Entity

Principal Owner [Member]

Other Affiliated Entities

Other Affiliates [Member]

Equity Method Investment

Financial Consulting Services Agreement [Member]

Outstanding advances

Volume rebates

Affiliated Entity

Related Party Transaction [Line Items]

Management consulting services annual fee

$1,000,000

$100,000

Fee based on percentage of lenders' maximum commitments (percentage)

1.00%

Fee based on percentage of total consideration paid (percentage)

1.00%

Related Party Management Contract Termination Fee

5,000,000

Maximum Reimbursements For Consulting Services

100,000

Payment of management fees

300,000

500,000

300,000

400,000

Payments of Capital Distribution

15,302,000

35,000,000

Receivables

200,000

1,600,000

1,800,000

Payables

600,000

100,000

Management fees

$100,000

$200,000

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended	3 Months Ended
	Jun. 17, 2014	Jun. 11, 2013	Jun. 17, 2014	Jun. 11, 2013	Dec. 31, 2013	Sep. 09, 2014
						Subsequent Event [Member]
Subsequent Event [Line Items]	'	'	'	'	'	'
Common Stock, Dividends, Per Share, Declared	$0	$0	$0.12	$0.69	$0.12	$0.12