In July of last year, the company had a one-day stock price dropof 31% in after reporting a bigger-than-expected loss, which becamethe subject of a class-action securities fraud suit. Filed by Scott+ Scott LLC of Colchester, CT, the class action parties includedwho bought Great Wolf stock from Dec. 14, the day before thecompany began trading, and July 28, when it reported itssecond-quarter earnings.

During that earnings report, the company reported a loss of $2.5million, or 8 cents a share, which ultimately severed the initialstock price of $17 per share to $13.65 per share. Calling the loss"embarrassing," CEO John Emery admitted it was more than twice theexpected loss the company had anticipated.

In its most current quarter ended March 31, the company reportedtotal revenues of $37.8 million. Despite a slight disruption andminor damage sustained at the company's Kansas City property, whichresulted in lost revenue and additional expenses of between$500,000 and $700,000, Emery said the company's first quarter wasbetter than analysts' estimates.