our 2010 results reflect a $ 414 thousand one-time charge related to the demolition of our 149 room motor lodge in the fourth quarter of 2010. the quality of the rooms of the motor lodge was no longer consistent with the higher standards of our upgraded facilities . we converted the motor lodge to paved surface parking right next to the atlantis . the factors described above were the primary drivers of : · decreases of 2.5 % and 1.5 % in our casino and hotel revenues , respectively ; · increases of 4.8 % and 1.5 % in our food and beverage and other revenues , respectively ; · a 30.4 % decrease in income from operations ; · a decrease in our 2011 operating margin of 3.0 points or 29.7 % . capital spending and development we seek to continuously upgrade and maintain the atlantis facility in order to present a fresh , high quality product to our guests . in january 2009 , we completed the final phase of a multi-phase expansion project with the opening of the new spa atlantis featuring an atmosphere , amenities and treatments that are unique from any other offering in our market . additionally , many of the pre-expansion areas of the atlantis were remodeled to be consistent with the upgraded look and feel of the new facilities . from inception of the project in 2007 through the completion date in january 2009 , the company incurred approximately $ 80 million related to these capital projects . with the opening of the skywalk the atlantis became the only hotel-casino to be physically connected to the reno-sparks convention center . the reno-sparks convention center offers approximately 500,000 square feet of leasable exhibition , meeting room , ballroom and lobby space . our capital expenditures were $ 17.4 million in 2011 , $ 6.8 million in 2010 , and $ 15.8 million in 2009. during 2009 capital expenditures primarily consisted of construction costs associated with the expansion , skybridge and redesign capital projects that commenced in june 2007. during 2009 we also spent approximately $ 5.2 million to acquire two additional land parcels with buildings within close proximity to the atlantis ( see additional discussion of these parcels below under properties in item 2 ) . capital expenditures in 2010 and 2011 were for various general facility improvements and for purchase of additional gaming equipment at the atlantis . during 2011 , we also acquired a 1.5 acre land parcel in black hawk , colorado for $ 8.4 million and paid a $ 3.8 million deposit related to the acquisition of the riviera black hawk casino . the land parcel is contiguous to the riviera black hawk casino . on september 29 , 2011 monarch entered an agreement to purchase riviera black hawk , inc. ( see the acquisition below ) . future cash needed to finance ongoing capital expenditures , and close the acquisition transaction ( see the acquisition below ) , is expected to be available from operating cash flow , the credit facility ( see the credit facility below ) and , if necessary , additional borrowings . 25 critical accounting policies and estimates we prepare our consolidated financial statements in conformity with accounting principles generally accepted in the united states . certain of our policies , including the estimated useful lives assigned to our assets , the determination of the allowance for doubtful accounts , self-insurance reserves , the calculation of income tax liabilities and the calculation of share-based compensation , require that we apply significant judgment in defining the appropriate assumptions for calculating financial estimates . by their nature , these judgments are subject to an inherent degree of uncertainty . our judgments are based on historical experience , terms of existing contracts , observation of trends in the industry , information provided by customers and information available from other outside sources , as appropriate . there can be no assurance that actual results will not differ from our estimates . to provide an understanding of the methodologies applied , our significant accounting policies are discussed where appropriate in this discussion and analysis and in the notes to consolidated financial statements . the consolidated financial statements include the accounts of monarch , golden road , high desert , golden north , and monarch growth . intercompany balances and transactions are eliminated . allowance for doubtful accounts the company extends short-term credit to its gaming customers . such credit is non-interest bearing and is due on demand . in addition , the company also has receivables due from hotel guests which are primarily secured with a credit card at the time a customer checks in . an allowance for doubtful accounts is set up for all company receivables based upon the company 's historical collection and write-off experience , unless situations warrant a specific identification of a necessary reserve related to certain receivables . the company charges off its uncollectible receivables once all efforts have been made to collect such receivables . the book value of receivables approximates fair value due to the short-term nature of the receivables . self-insurance reserves we are currently self-insured up to certain stop loss amounts for workers ' compensation and certain medical benefit costs provided to our employees . the company reviews self-insurance reserves at least quarterly . the reserve is determined by reviewing the actual expenditures for the previous twelve-month period and reports prepared by the third party plan administrator for any significant unpaid claims . the reserve is an amount estimated to pay both reported and unreported claims as of the balance sheet date . we believe changes in medical costs , trends in claims of our employee base , accident frequency and severity and other factors could materially affect the estimate for this reserve . story_separator_special_tag we may prepay borrowings under the new credit facility without penalty ( subject to certain charges applicable to the prepayment of libor borrowings prior to the end of the applicable interest period ) . amounts prepaid may be reborrowed so long as the total borrowings outstanding do not exceed the maximum principal available . we paid various one-time fees and other loan costs upon the closing of the refinancing of the new credit facility that are amortized over the facility 's term using the straight-line method which approximates the effective interest method . at december 31 , 2011 , we had $ 24.7 million outstanding under the new credit facility , none of which was classified as short-term debt . short-term debt represents the difference between the amount outstanding at december 31 , 2011 and the maximum principal allowed under the new credit facility on december 31 , 2012. the interest rate under our credit facility is libor , or a base rate ( as defined in the new credit facility agreement ) , plus an interest rate margin ranging from 1.25 % to 2.50 % depending on our leverage ratio . the interest rate is adjusted quarterly based on our leverage ratio calculated using operating results over the previous four quarters and borrowings at the end of the most recent quarter . at december 31 , 2011 pricing was set at the opening pricing point of libor plus 2.250 % and will be 32 adjusted in subsequent quarters in accordance with our leverage ratio . at december 31 , 2011 , the one-month libor rate was 0.29 % . the acquisition on september 29 , 2011 , monarch entered into a definitive stock purchase agreement ( the agreement ) with riviera operating corporation , a nevada corporation , riviera holdings corporation , a nevada corporation ( collectively the seller and together with monarch , the parties ) and riviera black hawk , inc. , a colorado corporation ( riviera black hawk ) . pursuant to the agreement , the seller agreed to sell all of the issued and outstanding shares of common stock of riviera black hawk to monarch . monarch will pay $ 76 million ( the purchase price ) , subject to certain post-closing working capital adjustments . at closing , seller will pay substantially all of riviera black hawk 's indebtedness and will leave at least $ 2.1 million of net working capital comprised of at least $ 2.1 million of cash . the closing of the transaction contemplated by the agreement ( the closing ) is subject to the satisfaction or waiver of certain conditions , including , without limitation , ( i ) the approval of the transaction by the colorado limited gaming commission , ( ii ) the issuance of required licenses to monarch , and certain monarch management , from the colorado gaming commission , ( iii ) the absence of the occurrence of a material adverse effect on riviera black hawk between the date of the agreement and the closing of the transaction ( iv ) the receipt of certain consents , approvals or authorizations required to consummate the transaction contemplated by the agreement and other licenses and permits required to operate riviera black hawk , ( v ) certain materiality exceptions , the accuracy of the representations and warranties made by monarch and seller , respectively , ( vi ) compliance with the parties respective obligations under the agreement , ( vii ) the expiration or termination of the waiting period under the hart-scott-rodino antitrust improvements act of 1976 , as amended and ( viii ) other customary closing conditions . the transaction is not subject to a financing or due diligence condition . in accordance with the agreement , monarch made a non-refundable ( except under certain conditions ) deposit of $ 3.8 million ( the deposit ) which will be credited against the purchase price upon the closing . upon closing , monarch is also obligated to pay a $ 1.25 million success fee to its financial advisor . in addition to certain other termination rights , the agreement may be terminated by either monarch or the seller if the closing has not occurred by the last day of the calendar month of the date that is nine months after the date of the agreement ( the outside date ) . monarch may extend the outside date to twelve months by increasing the deposit by $ 500,000. the parties have made certain representations and warranties in the agreement , including , without limitation , representations and warranties regarding the condition of the assets and liabilities of riviera black hawk , as applicable , pursuant to the agreement and the availability of funds to consummate the transaction . additionally , the parties have agreed to certain covenants , including , without limitation , covenants governing the operation of riviera black hawk prior to the closing and certain matters post-closing . pursuant to the terms of the agreement , in addition to monarch 's indemnification obligations , the seller has agreed to limited indemnification for losses incurred or sustained due to actions arising out of the agreement and the transaction contemplated thereby . statement on forward looking information certain information included herein contains statements that may be considered forward-looking , such as statements relating to projections of future results of operations or financial condition , expectations for our casino and expectations of the continued availability of capital resources . any forward-looking statement made by us necessarily is based upon a number of estimates and assumptions that , while considered reasonable by us , is inherently subject to significant business , economic and competitive uncertainties and contingencies , many of which are beyond our control , and are subject to 33 change . actual results of our operations may vary materially from any forward-looking statement made by us or on our behalf . forward-looking statements should not be regarded as representation

liquidity and capital resources for the year ended december 31 , 2011 , net cash provided by operating activities totaled $ 22.6 million , a decrease of approximately $ 3.4 million , or 13.1 % , compared to the same period last year . this decrease was primarily related to lower net income , lower accounts payable , lower accrued expenses , lower deferred income taxes , higher depreciation and amortization related to the capitalization of our capital projects ( see capital spending and development above ) , lower share based compensation , lower provision for bad debts , higher inventories , higher prepaid expenses , and higher loss on disposal of assets in 2011 compared to 2010. net cash used in investing activities totaled $ 17.4 million and $ 6.8 million in the years ended december 31 , 2011 and 2010 , respectively . during 2011 , net cash used in investing activities consisted primarily of $ 8.4 million for the acquisition of a land parcel in black hawk , colorado contiguous to the riviera black hawk casino , a $ 3.8 million acquisition deposit related to the acquisition agreement for riviera black hawk , inc. , and capital expenditures for various general facility improvements and for purchase of additional gaming equipment . net cash used in investing activities during 2010 consisted primarily of capital expenditures for various general facility improvements and for purchase of additional gaming equipment . net cash used in financing activities of $ 5.4 million and $ 19.8 million during 2011 and 2010 , respectively , primarily represent net payments of our credit facility ( see the credit facility below ) and loan issuance costs related to refinancing the previous credit facility .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources for the year ended december 31 , 2011 , net cash provided by operating activities totaled $ 22.6 million , a decrease of approximately $ 3.4 million , or 13.1 % , compared to the same period last year . this decrease was primarily related to lower net income , lower accounts payable , lower accrued expenses , lower deferred income taxes , higher depreciation and amortization related to the capitalization of our capital projects ( see capital spending and development above ) , lower share based compensation , lower provision for bad debts , higher inventories , higher prepaid expenses , and higher loss on disposal of assets in 2011 compared to 2010. net cash used in investing activities totaled $ 17.4 million and $ 6.8 million in the years ended december 31 , 2011 and 2010 , respectively . during 2011 , net cash used in investing activities consisted primarily of $ 8.4 million for the acquisition of a land parcel in black hawk , colorado contiguous to the riviera black hawk casino , a $ 3.8 million acquisition deposit related to the acquisition agreement for riviera black hawk , inc. , and capital expenditures for various general facility improvements and for purchase of additional gaming equipment . net cash used in investing activities during 2010 consisted primarily of capital expenditures for various general facility improvements and for purchase of additional gaming equipment . net cash used in financing activities of $ 5.4 million and $ 19.8 million during 2011 and 2010 , respectively , primarily represent net payments of our credit facility ( see the credit facility below ) and loan issuance costs related to refinancing the previous credit facility .
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 Suspicious Activity Report : our 2010 results reflect a $ 414 thousand one-time charge related to the demolition of our 149 room motor lodge in the fourth quarter of 2010. the quality of the rooms of the motor lodge was no longer consistent with the higher standards of our upgraded facilities . we converted the motor lodge to paved surface parking right next to the atlantis . the factors described above were the primary drivers of : · decreases of 2.5 % and 1.5 % in our casino and hotel revenues , respectively ; · increases of 4.8 % and 1.5 % in our food and beverage and other revenues , respectively ; · a 30.4 % decrease in income from operations ; · a decrease in our 2011 operating margin of 3.0 points or 29.7 % . capital spending and development we seek to continuously upgrade and maintain the atlantis facility in order to present a fresh , high quality product to our guests . in january 2009 , we completed the final phase of a multi-phase expansion project with the opening of the new spa atlantis featuring an atmosphere , amenities and treatments that are unique from any other offering in our market . additionally , many of the pre-expansion areas of the atlantis were remodeled to be consistent with the upgraded look and feel of the new facilities . from inception of the project in 2007 through the completion date in january 2009 , the company incurred approximately $ 80 million related to these capital projects . with the opening of the skywalk the atlantis became the only hotel-casino to be physically connected to the reno-sparks convention center . the reno-sparks convention center offers approximately 500,000 square feet of leasable exhibition , meeting room , ballroom and lobby space . our capital expenditures were $ 17.4 million in 2011 , $ 6.8 million in 2010 , and $ 15.8 million in 2009. during 2009 capital expenditures primarily consisted of construction costs associated with the expansion , skybridge and redesign capital projects that commenced in june 2007. during 2009 we also spent approximately $ 5.2 million to acquire two additional land parcels with buildings within close proximity to the atlantis ( see additional discussion of these parcels below under properties in item 2 ) . capital expenditures in 2010 and 2011 were for various general facility improvements and for purchase of additional gaming equipment at the atlantis . during 2011 , we also acquired a 1.5 acre land parcel in black hawk , colorado for $ 8.4 million and paid a $ 3.8 million deposit related to the acquisition of the riviera black hawk casino . the land parcel is contiguous to the riviera black hawk casino . on september 29 , 2011 monarch entered an agreement to purchase riviera black hawk , inc. ( see the acquisition below ) . future cash needed to finance ongoing capital expenditures , and close the acquisition transaction ( see the acquisition below ) , is expected to be available from operating cash flow , the credit facility ( see the credit facility below ) and , if necessary , additional borrowings . 25 critical accounting policies and estimates we prepare our consolidated financial statements in conformity with accounting principles generally accepted in the united states . certain of our policies , including the estimated useful lives assigned to our assets , the determination of the allowance for doubtful accounts , self-insurance reserves , the calculation of income tax liabilities and the calculation of share-based compensation , require that we apply significant judgment in defining the appropriate assumptions for calculating financial estimates . by their nature , these judgments are subject to an inherent degree of uncertainty . our judgments are based on historical experience , terms of existing contracts , observation of trends in the industry , information provided by customers and information available from other outside sources , as appropriate . there can be no assurance that actual results will not differ from our estimates . to provide an understanding of the methodologies applied , our significant accounting policies are discussed where appropriate in this discussion and analysis and in the notes to consolidated financial statements . the consolidated financial statements include the accounts of monarch , golden road , high desert , golden north , and monarch growth . intercompany balances and transactions are eliminated . allowance for doubtful accounts the company extends short-term credit to its gaming customers . such credit is non-interest bearing and is due on demand . in addition , the company also has receivables due from hotel guests which are primarily secured with a credit card at the time a customer checks in . an allowance for doubtful accounts is set up for all company receivables based upon the company 's historical collection and write-off experience , unless situations warrant a specific identification of a necessary reserve related to certain receivables . the company charges off its uncollectible receivables once all efforts have been made to collect such receivables . the book value of receivables approximates fair value due to the short-term nature of the receivables . self-insurance reserves we are currently self-insured up to certain stop loss amounts for workers ' compensation and certain medical benefit costs provided to our employees . the company reviews self-insurance reserves at least quarterly . the reserve is determined by reviewing the actual expenditures for the previous twelve-month period and reports prepared by the third party plan administrator for any significant unpaid claims . the reserve is an amount estimated to pay both reported and unreported claims as of the balance sheet date . we believe changes in medical costs , trends in claims of our employee base , accident frequency and severity and other factors could materially affect the estimate for this reserve . story_separator_special_tag we may prepay borrowings under the new credit facility without penalty ( subject to certain charges applicable to the prepayment of libor borrowings prior to the end of the applicable interest period ) . amounts prepaid may be reborrowed so long as the total borrowings outstanding do not exceed the maximum principal available . we paid various one-time fees and other loan costs upon the closing of the refinancing of the new credit facility that are amortized over the facility 's term using the straight-line method which approximates the effective interest method . at december 31 , 2011 , we had $ 24.7 million outstanding under the new credit facility , none of which was classified as short-term debt . short-term debt represents the difference between the amount outstanding at december 31 , 2011 and the maximum principal allowed under the new credit facility on december 31 , 2012. the interest rate under our credit facility is libor , or a base rate ( as defined in the new credit facility agreement ) , plus an interest rate margin ranging from 1.25 % to 2.50 % depending on our leverage ratio . the interest rate is adjusted quarterly based on our leverage ratio calculated using operating results over the previous four quarters and borrowings at the end of the most recent quarter . at december 31 , 2011 pricing was set at the opening pricing point of libor plus 2.250 % and will be 32 adjusted in subsequent quarters in accordance with our leverage ratio . at december 31 , 2011 , the one-month libor rate was 0.29 % . the acquisition on september 29 , 2011 , monarch entered into a definitive stock purchase agreement ( the agreement ) with riviera operating corporation , a nevada corporation , riviera holdings corporation , a nevada corporation ( collectively the seller and together with monarch , the parties ) and riviera black hawk , inc. , a colorado corporation ( riviera black hawk ) . pursuant to the agreement , the seller agreed to sell all of the issued and outstanding shares of common stock of riviera black hawk to monarch . monarch will pay $ 76 million ( the purchase price ) , subject to certain post-closing working capital adjustments . at closing , seller will pay substantially all of riviera black hawk 's indebtedness and will leave at least $ 2.1 million of net working capital comprised of at least $ 2.1 million of cash . the closing of the transaction contemplated by the agreement ( the closing ) is subject to the satisfaction or waiver of certain conditions , including , without limitation , ( i ) the approval of the transaction by the colorado limited gaming commission , ( ii ) the issuance of required licenses to monarch , and certain monarch management , from the colorado gaming commission , ( iii ) the absence of the occurrence of a material adverse effect on riviera black hawk between the date of the agreement and the closing of the transaction ( iv ) the receipt of certain consents , approvals or authorizations required to consummate the transaction contemplated by the agreement and other licenses and permits required to operate riviera black hawk , ( v ) certain materiality exceptions , the accuracy of the representations and warranties made by monarch and seller , respectively , ( vi ) compliance with the parties respective obligations under the agreement , ( vii ) the expiration or termination of the waiting period under the hart-scott-rodino antitrust improvements act of 1976 , as amended and ( viii ) other customary closing conditions . the transaction is not subject to a financing or due diligence condition . in accordance with the agreement , monarch made a non-refundable ( except under certain conditions ) deposit of $ 3.8 million ( the deposit ) which will be credited against the purchase price upon the closing . upon closing , monarch is also obligated to pay a $ 1.25 million success fee to its financial advisor . in addition to certain other termination rights , the agreement may be terminated by either monarch or the seller if the closing has not occurred by the last day of the calendar month of the date that is nine months after the date of the agreement ( the outside date ) . monarch may extend the outside date to twelve months by increasing the deposit by $ 500,000. the parties have made certain representations and warranties in the agreement , including , without limitation , representations and warranties regarding the condition of the assets and liabilities of riviera black hawk , as applicable , pursuant to the agreement and the availability of funds to consummate the transaction . additionally , the parties have agreed to certain covenants , including , without limitation , covenants governing the operation of riviera black hawk prior to the closing and certain matters post-closing . pursuant to the terms of the agreement , in addition to monarch 's indemnification obligations , the seller has agreed to limited indemnification for losses incurred or sustained due to actions arising out of the agreement and the transaction contemplated thereby . statement on forward looking information certain information included herein contains statements that may be considered forward-looking , such as statements relating to projections of future results of operations or financial condition , expectations for our casino and expectations of the continued availability of capital resources . any forward-looking statement made by us necessarily is based upon a number of estimates and assumptions that , while considered reasonable by us , is inherently subject to significant business , economic and competitive uncertainties and contingencies , many of which are beyond our control , and are subject to 33 change . actual results of our operations may vary materially from any forward-looking statement made by us or on our behalf . forward-looking statements should not be regarded as representation

