Bally Total Fitness
Bally Total Fitness Files Form 10-K for the Year Ended December 31, 2006 and Reports Full Year 2006 Financial Results
Published in Healthcare Finance, Tax and Law Weekly, July 18th, 2007
Bally Total Fitness announced that it has filed its 2006 Annual Report on Form 10-K with the Securities and Exchange Commission and released financial results for the year ended December 31, 2006. The issues related to accounting for deferred revenue and certain errors in prior year member data discussed in the Company's 12b-25 filing dated March 15, 2007 have been resolved as part of the completion of the financial statements for the year ended December 31, 2006. No restatements of prior year financial statements were required.
Resolution of Issues Relating to Deferred Revenue Estimates
The Company's revenue recognition objective is to recognize...
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