Ryman Hospitality Properties (RHP) 10-Q 5 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 29, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	RHP
Entity Registrant Name	Ryman Hospitality Properties, Inc.
Entity Central Index Key	1,040,829
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		50,948,108

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
ASSETS:
Property and equipment, net of accumulated depreciation	$ 1,967,549	$ 1,982,816
Cash and cash equivalents - unrestricted	57,150	56,291	$ 52,999	$ 76,408
Cash and cash equivalents - restricted	29,958	22,355
Notes receivable	152,365	152,560
Trade receivables, less allowance of $977 and $919, respectively	61,307	55,033
Deferred income tax assets, net	344
Prepaid expenses and other assets	74,749	62,379
Total assets	2,343,422	2,331,434
LIABILITIES AND STOCKHOLDERS' EQUITY:
Debt and capital lease obligations	1,480,921	1,431,710
Accounts payable and accrued liabilities	152,779	153,383
Dividends payable	38,778	36,868
Deferred management rights proceeds	182,361	183,119
Deferred income tax liabilities, net		1,163
Other liabilities	$ 146,288	$ 145,629
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value, 100,000 shares authorized, no shares issued or outstanding
Common stock, $.01 par value, 400,000 shares authorized, 50,942 and 51,291 shares issued and outstanding, respectively	$ 509	$ 513
Additional paid-in capital	887,155	887,501
Treasury stock of 519 and 511 shares, at cost	(10,359)	(10,001)
Accumulated deficit	(510,008)	(473,404)
Accumulated other comprehensive loss	(25,002)	(25,047)
Total stockholders' equity	342,295	379,562
Total liabilities and stockholders' equity	$ 2,343,422	$ 2,331,434

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 977	$ 919
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	50,942,000	51,291,000
Common stock, shares outstanding	50,942,000	51,291,000
Treasury stock, shares	519,000	511,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues:
Rooms	$ 96,969	$ 94,721
Food and beverage	122,233	118,331
Other hotel revenue	24,989	23,402
Entertainment	17,306	16,694
Total revenues	261,497	253,148
Operating expenses:
Rooms	25,981	26,067
Food and beverage	68,257	65,075
Other hotel expenses	72,688	70,296
Management fees	5,337	3,512
Total hotel operating expenses	172,263	164,950
Entertainment	14,696	13,162
Corporate	6,971	7,094
Preopening costs		592
Impairment and other charges		2,890
Depreciation and amortization	28,773	28,570
Total operating expenses	222,703	217,258
Operating income	38,794	35,890
Interest expense	(16,039)	(13,813)
Interest income	3,143	3,008
Loss from joint ventures	(390)
Other gains and (losses), net	(47)	(20,232)
Income before income taxes	25,461	4,853
Benefit (provision) for income taxes	885	(321)
Net income	$ 26,346	$ 4,532
Basic income per share	$ 0.52	$ 0.09
Fully diluted income per share	0.51	0.09
Dividends declared per common share	$ 0.75	$ 0.65
Comprehensive income, net of taxes	$ 26,391	$ 4,591

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities:
Net income	$ 26,346	$ 4,532
Amounts to reconcile net income to net cash flows provided by operating activities:
Benefit for deferred income taxes	(1,461)	(241)
Depreciation and amortization	28,773	28,570
Amortization of deferred financing costs	1,216	1,396
Impairment and other charges		2,890
Loss on repurchase of warrants		20,186
Stock-based compensation expense	1,549	1,591
Changes in:
Trade receivables	(6,274)	(24,976)
Accounts payable and accrued liabilities	(668)	(24,200)
Other assets and liabilities	3,792	(2,259)
Net cash flows provided by operating activities	53,273	7,489
Cash Flows from Investing Activities:
Purchases of property and equipment	(13,240)	(18,655)
Proceeds from sale of Peterson LOI	6,785	10,000
Investment in Gaylord Rockies joint venture	(21,523)
Increase in restricted cash and cash equivalents	(7,603)	(3,594)
Other investing activities	(1,575)	(2,453)
Net cash flows used in investing activities	(37,156)	(14,702)
Cash Flows from Financing Activities:
Net borrowings under credit facility	55,000	171,000
Repayments under term loan B	(1,000)	(1,000)
Repayment of note payable related to purchase of AC Hotel	(6,000)
Repurchase of common stock warrants		(154,681)
Repurchase of Company stock for retirement	(24,811)
Payment of dividend	(36,433)	(28,756)
Proceeds from exercise of stock options	913	1,015
Payment of tax withholdings for share-based compensation	(2,921)	(3,617)
Other financing activities	(6)	(157)
Net cash flows used in financing activities	(15,258)	(16,196)
Net change in cash and cash equivalents	859	(23,409)
Cash and cash equivalents - unrestricted, beginning of period	56,291	76,408
Cash and cash equivalents - unrestricted, end of period	$ 57,150	$ 52,999

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. BASIS OF PRESENTATION: On January 1, 2013, Ryman Hospitality Properties, Inc. (“Ryman”) and its subsidiaries (collectively with Ryman, the “Company”) began operating as a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company’s owned assets include a network of upscale, meetings-focused resorts that are managed by Marriott International, Inc. (“Marriott”) under the Gaylord Hotels brand. These resorts, which the Company refers to as the Gaylord Hotels properties, consist of the Gaylord Opryland Resort & Convention Center in Nashville, Tennessee (“Gaylord Opryland”), the Gaylord Palms Resort & Convention Center near Orlando, Florida (“Gaylord Palms”), the Gaylord Texan Resort & Convention Center near Dallas, Texas (“Gaylord Texan”) and the Gaylord National Resort & Convention Center near Washington D.C. (“Gaylord National”). The Company’s other owned assets managed by Marriott include Gaylord Springs Golf Links (“Gaylord Springs”), the Wildhorse Saloon, the General Jackson Showboat (“General Jackson”), the Inn at Opryland, an overflow hotel adjacent to Gaylord Opryland, and the AC Hotel at National Harbor, Washington D.C. (“AC Hotel”), an overflow hotel adjacent to Gaylord National that opened in April 2015. The Company also owns and operates a number of media and entertainment assets including the Grand Ole Opry, the legendary weekly showcase of country music’s finest performers; the Ryman Auditorium, the storied live music venue and former home of the Grand Ole Opry located in downtown Nashville; and WSM-AM, the Opry’s radio home. The condensed consolidated financial statements include the accounts of Ryman and its subsidiaries and have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. In the opinion of management, all adjustments necessary for a fair statement of the results of operations for the interim periods have been included. All adjustments are of a normal, recurring nature. The results of operations for such interim periods are not necessarily indicative of the results for the full year because of seasonal and short-term variations. The Company conducts its business through an umbrella partnership real estate investment trust (“REIT”), in which substantially all of its assets are held by, and all of its operations are conducted through, RHP Hotel Properties, LP, a subsidiary operating partnership (the “Operating Partnership”) that the Company formed in connection with its REIT conversion discussed in Note 2. Ryman is the sole limited partner of the Operating Partnership and currently owns, either directly or indirectly, all of the partnership units of the Operating Partnership. RHP Finance Corporation, a Delaware corporation (“Finco”), was formed as a wholly-owned subsidiary of the Operating Partnership for the sole purpose of being an issuer of debt securities with the Operating Partnership. Neither Ryman nor Finco has any material assets, other than Ryman’s investment in the Operating Partnership and its 100%-owned subsidiaries. As 100%-owned subsidiaries of Ryman, neither the Operating Partnership nor Finco has any business, operations, financial results or other material information, other than the business, operations, financial results and other material information described in this Quarterly Report on Form 10-Q and Ryman’s other reports filed with the SEC pursuant to the Securities Exchange Act of 1934, as amended. The Company principally operates, through its subsidiaries and its property managers, as applicable, in the following business segments: Hospitality, Entertainment, and Corporate and Other. Acquisitions and Investments In December 2014, the Company purchased from an affiliate of The Peterson Companies (the developer of the National Harbor, Maryland development in which Gaylord National is located) the AC Hotel, a 192-room hotel previously operated as the Aloft Hotel at National Harbor for a purchase price of $21.8 million. The transaction required that the property be transferred to the Company unencumbered by any existing hotel franchise or management agreements. The Company has rebranded the hotel and Marriott is now operating the property in conjunction with the Gaylord National pursuant to a separate management agreement. The hotel opened in April 2015. Simultaneously with the purchase of this hotel, the Company also acquired from an affiliate of The Peterson Companies a vacant one-half acre parcel of land located in close proximity to Gaylord National, suitable for development of a hotel or other permitted uses. In December 2014, the Company paid $21.2 million of the combined purchase price, including transaction costs, in cash and issued a $6.0 million note payable to an affiliate of The Peterson Companies, which was paid in January 2016 and bore interest at an Applicable Federal Rate as determined by the Internal Revenue Service and is shown in Note 7. In March 2016, certain subsidiaries of the Company entered into a series of agreements with respect to an equity investment in the Gaylord Rockies Resort & Convention Center in Aurora, Colorado (“Gaylord Rockies”). See Note 11 for further discussion of this investment. Newly Issued Accounting Standards In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “ Revenue from Contracts with Customers In February 2015, the FASB issued ASU No. 2015-02, “ Consolidation – Amendments to the Consolidation Guidance In February 2016, the FASB issued ASU No. 2016-02, “ Leases In March 2016, the FASB issued ASU No. 2016-09, “ Improvements to Employee Share-Based Payment Accounting

Deferred Management Rights Proc

Deferred Management Rights Proceeds	3 Months Ended
	Mar. 31, 2016
Deferred Revenue Disclosure [Abstract]
Deferred Management Rights Proceeds	2. DEFERRED MANAGEMENT RIGHTS PROCEEDS: The Company restructured its business operations to facilitate its qualification as a REIT for federal income tax purposes (the “REIT conversion”) during 2012 and has elected to be taxed as a REIT commencing with the year ended December 31, 2013. On October 1, 2012, the Company consummated its agreement to sell the Gaylord Hotels brand and rights to manage Gaylord Opryland, Gaylord Palms, Gaylord Texan and Gaylord National to Marriott for $210.0 million in cash. Effective October 1, 2012, Marriott assumed responsibility for managing the day-to-day operations of the Gaylord Hotels properties pursuant to a management agreement for each Gaylord Hotel property. On October 1, 2012, the Company received $210.0 million in cash from Marriott in exchange for rights to manage the Gaylord Hotels properties (the “Management Rights”) and certain intellectual property (the “IP Rights”). The Company allocated $190.0 million of the purchase price to the Management Rights and $20.0 million to the IP Rights. The allocation was based on the Company’s estimates of the fair values for the respective components. The Company estimated the fair value of each component by constructing distinct discounted cash flow models. For financial accounting purposes, the amount related to the Management Rights was deferred and is amortized on a straight line basis over the 65-year term of the hotel management agreements, including extensions, as a reduction in management fee expense. The amount related to the IP Rights was recognized into income as other gains and losses during the fourth quarter of 2012. In addition, pursuant to additional management agreements, Marriott manages the day-to-day operations of the Inn at Opryland, the AC Hotel, General Jackson Showboat, Gaylord Springs Golf Links and the Wildhorse Saloon. To comply with certain REIT qualification requirements, the Company will be required to engage third-party managers to operate and manage its future hotel properties, if any. Additionally, non-REIT operations, which consist of the activities of taxable REIT subsidiaries that act as lessees of the Company’s hotels, as well as the businesses within the Company’s Entertainment segment, continue to be subject, as applicable, to federal corporate and state income taxes following the REIT conversion.

Income Per Share

Income Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Income Per Share	3. INCOME PER SHARE: The weighted average number of common shares outstanding is calculated as follows (in thousands): Three Months Ended 2016 2015 Weighted average shares outstanding - basic 51,046 51,123 Effect of dilutive stock-based compensation 352 398 Weighted average shares outstanding - diluted 51,398 51,521

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Accumulated Other Comprehensive Loss	4. ACCUMULATED OTHER COMPREHENSIVE LOSS: The Company’s balance in accumulated other comprehensive loss is composed of amounts related to the Company’s minimum pension liability. During the three months ended March 31, 2016 and 2015, the Company recorded no other comprehensive income and reclassified $0 and $0.1 million, respectively, from accumulated other comprehensive loss into operating expenses in the Company’s condensed consolidated statements of operations included herein.

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	5. PROPERTY AND EQUIPMENT: Property and equipment at March 31, 2016 and December 31, 2015 is recorded at cost and summarized as follows (in thousands): March 31, December 31, Land and land improvements $ 255,640 $ 255,179 Buildings 2,372,115 2,369,851 Furniture, fixtures and equipment 608,285 603,529 Construction-in-progress 15,387 10,576 3,251,427 3,239,135 Accumulated depreciation (1,283,878 ) (1,256,319 ) Property and equipment, net $ 1,967,549 $ 1,982,816

Notes Receivable

Notes Receivable	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Notes Receivable	6. NOTES RECEIVABLE: As further discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, in connection with the development of Gaylord National, the Company is currently holding two issuances of governmental bonds and receives debt service thereon, payable from property tax increments, hotel taxes and special hotel rental taxes generated from Gaylord National through the maturity date. The Company is recording the amortization of discount on these notes receivable as interest income over the life of the notes. During the three months ended March 31, 2016 and 2015, the Company recorded interest income of $3.1 million and $3.0 million, respectively, on these bonds. The Company received payments of $3.3 million and $3.4 million during the three months ended March 31, 2016 and 2015, respectively, relating to these notes receivable. See additional discussion regarding the fair value of these notes receivable in Note 13.

Debt

Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Debt	7. DEBT: The Company’s debt and capital lease obligations at March 31, 2016 and December 31, 2015 consisted of (in thousands): March 31, December 31, $700 Million Revolving Credit Facility, interest at LIBOR plus 1.60%, maturing June 5, 2019, less unamortized deferred financing costs of $6,818 and $7,335 $ 354,582 $ 299,065 $400 Million Term Loan B, interest at LIBOR plus 2.75%, maturing January 15, 2021, less unamortized deferred financing costs of $6,161 and $6,457 386,839 387,543 $350 Million Senior Notes, interest at 5.0%, maturing April 15, 2021, less unamortized deferred financing costs of $4,892 and $5,107 345,108 344,893 $400 Million Senior Notes, interest at 5.0%, maturing April 15, 2023, less unamortized deferred financing costs of $6,282 and $6,469 393,718 393,531 AC Hotel Note Payable — 6,000 Capital lease obligations 674 678 Total debt 1,480,921 1,431,710 Less amounts due within one year (19 ) (6,019 ) Total long-term debt $ 1,480,902 $ 1,425,691 At March 31, 2016, the Company was in compliance with all of its covenants related to its outstanding debt. Warrants Related to Former 3.75% Convertible Senior Notes Separately and concurrently with the 2009 issuance of its previous convertible notes, the Company also entered into warrant transactions whereby it sold common stock purchase warrants to counterparties affiliated with the initial purchasers of the convertible notes. The warrants entitled the counterparties to purchase shares of the Company’s common stock. Pursuant to December 2014 agreements with the remaining counterparties, the Company cash settled the remaining 4.7 million warrants in the first quarter of 2015. As the modification required the warrants to be cash settled, the fair value of the warrants was reclassified from stockholders’ equity to a derivative liability on the modification date. In the first quarter of 2015, the Company settled this repurchase for total consideration of $154.7 million and recorded a $20.2 million loss on the change in the fair value of the derivative liability from December 31, 2014 through the settlement date, which is included in other gains and losses, net in the accompanying condensed consolidated statement of operations for the three months ended March 31, 2015.

Stock Plans

Stock Plans	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Plans	8. STOCK PLANS: In addition to grants of stock options to its directors and employees, which the Company no longer actively grants, the Company’s incentive plans permit the award of restricted stock and restricted stock units. The fair value of restricted stock and restricted stock units with time-based vesting is determined based on the market price of the Company’s stock at the date of grant. The fair value of restricted stock and restricted stock units with performance conditions is determined using a Monte-Carlo simulation model. The Company generally records compensation expense equal to the fair value of each restricted stock award granted over the vesting period. During the three months ended March 31, 2016, the Company granted 0.1 million restricted stock units with a weighted-average grant date fair value of $46.99 per award. There were 0.5 million restricted stock units outstanding at March 31, 2016 and December 31, 2015. The compensation expense that has been charged against pre-tax income for all of the Company’s stock-based compensation plans was $1.5 million and $1.6 million for the three months ended March 31, 2016 and 2015, respectively.

Pension and Postretirement Bene

Pension and Postretirement Benefits Other Than Pension Plans	3 Months Ended
	Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Pension and Postretirement Benefits Other Than Pension Plans	9. PENSION AND POSTRETIREMENT BENEFITS OTHER THAN PENSION PLANS: Net periodic pension expense reflected in the accompanying condensed consolidated statements of operations included the following components for the respective periods (in thousands): Three Months Ended 2016 2015 Interest cost $ 977 $ 986 Expected return on plan assets (1,034 ) (1,188 ) Amortization of net actuarial loss 292 308 Total net periodic pension expense $ 235 $ 106 Net postretirement benefit income reflected in the accompanying condensed consolidated statements of operations included the following components for the respective periods (in thousands): Three Months Ended 2016 2015 Interest cost $ 30 $ 53 Amortization of net actuarial loss 59 118 Amortization of prior service credit (328 ) (328 ) Total net postretirement benefit income $ (239 ) $ (157 )

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	10. INCOME TAXES: The Company has elected to be taxed as a REIT effective January 1, 2013, pursuant to the U.S. Internal Revenue Code of 1986, as amended. As a REIT, generally the Company will not be subject to federal corporate income taxes on ordinary taxable income and capital gains income from real estate investments that it distributes to its stockholders. The Company will, however, be subject to corporate income taxes on built-in gains (the excess of fair market value over tax basis at January 1, 2013) that result from gains on certain assets. In addition, the Company will continue to be required to pay federal and state corporate income taxes on earnings of its taxable REIT subsidiaries (“TRSs”). For the three months ended March 31, 2016 and 2015, the Company recorded an income tax benefit (provision) of $0.9 million and $(0.3) million, respectively, related to the current period operations of the Company. These results differ from the statutory rate primarily due to the REIT dividends paid deduction and the change in valuation allowance required at the TRSs. Included in the income tax benefit for the three months ended March 31, 2016 is a discrete benefit related to the adoption of ASU 2016-09 discussed in Note 1. At March 31, 2016 and December 31, 2015, the Company had no unrecognized tax benefits.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. COMMITMENTS AND CONTINGENCIES: Gaylord Rockies Resort & Convention Center In March 2016, certain subsidiaries of the Company entered into a series of agreements with affiliates of RIDA Development Corporation (“RIDA”) and Ares Management, L.P. (“Ares”) with respect to an equity investment in Gaylord Rockies, which is currently being developed by RIDA and Ares. The hotel will be managed by an affiliate of Marriott pursuant to a long-term management contract and is expected to consist of a 1,500-room resort hotel with over 485,000 square feet of exhibition, meeting, pre-function and outdoor space. The hotel is expected to be completed in late 2018 and has a total estimated project cost of approximately $800 million. The Company acquired a 35% interest in a limited liability company which will own the real property comprising the hotel for a capital contribution expected to total $86.1 million. Simultaneously, the Company also acquired a 35% interest in a limited liability company which will lease the hotel from the property owner and assume the Marriott management agreement prior to the opening of the hotel. The Company has funded $21.5 million of its capital contribution, which is included in Prepaid Expenses and Other Assets in the accompanying condensed consolidated balance sheet at March 31, 2016, and expects to fund the remainder of its capital contribution during the remainder of 2016 and the first half of 2017. The Company’s capital contributions will be funded from available cash on hand and borrowings under its revolving credit facility. The terms of the Company’s investment provide that the Company will have the ability to approve certain major decisions affecting the hotel, including, but not limited to, operating budgets, major capital expenditures, material transactions involving the hotel, and approval of designated hotel senior management. The Company also has a right of first offer to acquire the remainder of the project and designated rights to participate in any sales process with respect to the project after exercise of its first offer rights. However, because the power to direct the activities that most significantly impact the economic performance of the hotel are either shared or are held by some combination of RIDA, Ares and Marriott, the Company is not the primary beneficiary of this variable interest entity, and thus, accounts for its investment in this joint venture under the equity method of accounting. As such, the Company does not consolidate any part of the assets or liabilities of this investment. The Company’s share of equity method net income or loss will increase or decrease, as applicable, the carrying value of our equity method investment. A subsidiary of the Company will provide designated asset management services on behalf of the hotel during the pre-construction period in exchange for a flat fee and after opening of the hotel in exchange for a fee based on the hotel’s gross revenues on an annual basis. In connection with the agreements, the Company agreed to provide guarantees of the hotel’s construction loan, including a principal repayment guaranty of up to $21 million of the total $500 million principal amount of the construction loan previously obtained from a consortium of eight banks, with such amount reducing to $14 million and further reducing to $8.75 million upon the hotel’s satisfaction of designated debt service coverage requirements following completion and opening of the hotel. The Company has also provided a completion guarantee under the construction loan capped at its pro rata share of all costs necessary to complete the project within the time specified in the joint venture’s loan documents. Further, the Company has agreed to a guaranty capped at its pro rata share of the joint venture’s obligations under the construction loan prior to the hotel’s opening related to interest accruing under the construction loan and the operating expenses of the property (estimated pro rata share of interest prior to the hotel opening is $9.8 million). In addition to guaranties related to the construction loan, the Company agreed to provide a guaranty of the mezzanine debt related to the hotel including a payment guaranty capped at $8.75 million for which the Company is only liable in the event there is a casualty or condemnation event at the hotel and the construction lenders elect to apply those proceeds to the construction loan balance and release the construction loan guaranties and liens. The guaranty related to the mezzanine debt also includes an uncapped completion guaranty and an uncapped guaranty of the joint venture’s obligations under the mezzanine loan prior to the hotel’s opening related to interest accruing under the mezzanine loan and the operating expenses of the property to the extent not already satisfied by the parties under the guaranties related to the construction loan. As of March 31, 2016, the Company had not recorded any liability in the condensed consolidated balance sheet associated with these guarantees. Other Commitments and Contingencies The Company is self-insured up to a stop loss for certain losses related to workers’ compensation claims and general liability claims through September 30, 2012, and for certain losses related to employee medical benefits through December 31, 2012. The Company’s insurance program subsequently transitioned to a low or no deductible program. The Company has purchased stop-loss coverage in order to limit its exposure to any significant levels of claims relating to workers’ compensation, employee medical benefits and general liability for which it is self-insured. The Company has entered into employment agreements with certain officers, which provide for severance payments upon certain events, including certain terminations in connection with a change of control. The Company, in the ordinary course of business, is involved in certain legal actions and claims on a variety of matters. It is the opinion of management that such legal actions will not have a material effect on the results of operations, financial condition or liquidity of the Company.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Stockholders' Equity	12. STOCKHOLDERS’ EQUITY: Stock Repurchase Authorization On August 20, 2015, the Company announced that its board of directors authorized a share repurchase program for up to $100 million of the Company’s common stock using cash on hand and borrowings under its revolving credit line. The repurchases are intended to be implemented through open market transactions on U.S. exchanges or in privately negotiated transactions, in accordance with applicable securities laws, and any market purchases will be made during open trading window periods or pursuant to any applicable Rule 10b5-1 trading plans. The authorization extends until December 31, 2016. The timing, prices, and sizes of repurchases will depend upon prevailing market prices, general economic and market conditions and other considerations. The repurchase program does not obligate the Company to acquire any particular amount of stock. During the three months ended March 31, 2016, the Company repurchased 0.5 million shares of its common stock for an aggregate purchase price of $24.8 million, which the Company funded using cash on hand and borrowings under its revolving credit facility. The repurchased stock was cancelled by the Company and has been reflected as a reduction of retained earnings in the accompanying condensed consolidated financial statements. Dividends On February 26, 2016, the Company’s board of directors declared the Company’s first quarter 2016 cash dividend in the amount of $0.75 per share of common stock, or an aggregate of approximately $38.2 million in cash, which was paid on April 15, 2016 to stockholders of record as of the close of business on March 31, 2016.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	13. FAIR VALUE MEASUREMENTS: The Company uses a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. At March 31, 2016 and December 31, 2015, the Company held certain assets that are required to be measured at fair value on a recurring basis. These included investments held in conjunction with the Company’s non-qualified contributory deferred compensation plan. These investments consist of mutual funds traded in an active market. The Company determined the fair value of these mutual funds based on the net asset value per unit of the funds or the portfolio, which is based upon quoted market prices in an active market. Therefore, the Company has categorized these investments as Level 1. The Company has consistently applied the above valuation techniques in all periods presented and believes it has obtained the most accurate information available for each type of instrument. The Company had no liabilities required to be measured at fair value at March 31, 2016 and December 31, 2015. The Company’s assets measured at fair value on a recurring basis at March 31, 2016 and December 31, 2015, were as follows (in thousands): March 31, Markets for Observable Unobservable Deferred compensation plan investments $ 19,093 $ 19,093 $ — $ — Total assets measured at fair value $ 19,093 $ 19,093 $ — $ — December 31, Markets for Observable Unobservable Deferred compensation plan investments $ 19,289 $ 19,289 $ — $ — Total assets measured at fair value $ 19,289 $ 19,289 $ — $ — The remainder of the assets and liabilities held by the Company at March 31, 2016 are not required to be measured at fair value. The carrying value of certain of these assets and liabilities do not approximate fair value, as described below. As further discussed in Note 6 and in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, in connection with the development of Gaylord National, the Company received two bonds (“Series A Bond” and “Series B Bond”) from Prince George’s County, Maryland which had aggregate carrying values of $83.3 million and $69.1 million, respectively, at March 31, 2016. The maturity dates of the Series A Bond and the Series B Bond are July 1, 2034 and September 1, 2037, respectively. Based upon current market interest rates of notes receivable with comparable market ratings and current expectations about the timing of debt service payments under the notes, which the Company considers as Level 3, the fair value of the Series A Bond, which has the senior claim to the cash flows supporting these bonds, approximated carrying value at March 31, 2016 and the fair value of the Series B Bond was approximately $60 million at March 31, 2016. While the fair value of the Series B Bond decreased to less than its carrying value during 2011 due to a change in the timing of the debt service payments, the Company has the intent and ability to hold this bond to maturity and expects to receive all debt service payments due under the note. Therefore, the Company does not consider the Series B Bond to be other than temporarily impaired at March 31, 2016. The carrying amount of short-term financial instruments held by the Company (cash, short-term investments, trade receivables, accounts payable and accrued liabilities) approximates fair value due to the short maturity of those instruments. The concentration of credit risk on trade receivables is minimized by the large and diverse nature of the Company’s customer base.

Financial Reporting By Business

Financial Reporting By Business Segments	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Financial Reporting By Business Segments	14. FINANCIAL REPORTING BY BUSINESS SEGMENTS: The Company’s operations are organized into three principal business segments: • Hospitality • Entertainment • Corporate and Other The following information is derived directly from the segments’ internal financial reports used for corporate management purposes (amounts in thousands): Three Months Ended March 31, 2016 2015 Revenues: Hospitality $ 244,191 $ 236,454 Entertainment 17,306 16,694 Corporate and Other — — Total $ 261,497 $ 253,148 Depreciation and amortization: Hospitality $ 26,469 $ 26,443 Entertainment 1,647 1,412 Corporate and Other 657 715 Total $ 28,773 $ 28,570 Operating income: Hospitality $ 45,459 $ 45,061 Entertainment 963 2,120 Corporate and Other (7,628 ) (7,809 ) Preopening costs — (592 ) Impairment and other charges — (2,890 ) Total operating income 38,794 35,890 Interest expense (16,039 ) (13,813 ) Interest income 3,143 3,008 Loss from joint ventures (390 ) — Other gains and (losses), net (47 ) (20,232 ) Income before income taxes $ 25,461 $ 4,853

Information Concerning Guaranto

Information Concerning Guarantor and Non-Guarantor Subsidiaries	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Information Concerning Guarantor and Non-Guarantor Subsidiaries	15. INFORMATION CONCERNING GUARANTOR AND NON-GUARANTOR SUBSIDIARIES: The $350 Million 5% Senior Notes and the $400 Million 5% Senior Notes were each issued by the Operating Partnership and Finco and are guaranteed on a senior unsecured basis by the Company, each of the Company’s four wholly-owned subsidiaries that own the Gaylord Hotels properties, and certain other of the Company’s subsidiaries, each of which guarantees the Operating Partnership’s Credit Facility (such subsidiary guarantors, together with the Company, the “Guarantors”). The subsidiary Guarantors are 100% owned, and the guarantees are full and unconditional and joint and several. Not all of the Company’s subsidiaries have guaranteed the Company’s $350 Million 5% Senior Notes and the $400 Million 5% Senior Notes. The following condensed consolidating financial information includes certain allocations of revenues and expenses based on management’s best estimates, which are not necessarily indicative of financial position, results of operations and cash flows that these entities would have achieved on a stand-alone basis. RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET March 31, 2016 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated ASSETS: Property and equipment, net of accumulated depreciation $ 6,851 $ — $ 1,613,142 $ 347,556 $ — $ 1,967,549 Cash and cash equivalents - unrestricted 77 1,031 660 55,382 — 57,150 Cash and cash equivalents - restricted — — — 29,958 — 29,958 Notes receivable — — — 152,365 — 152,365 Trade receivables, less allowance — — — 61,307 — 61,307 Deferred income tax assets, net (1,406 ) — (514 ) 2,264 — 344 Prepaid expenses and other assets 179 — 82,093 76,780 (84,303 ) 74,749 Intercompany receivables, net — — 1,381,495 — (1,381,495 ) — Investments 953,317 2,795,064 531,367 697,380 (4,977,128 ) — Total assets $ 959,018 $ 2,796,095 $ 3,608,243 $ 1,422,992 $ (6,442,926 ) $ 2,343,422 LIABILITIES AND STOCKHOLDERS’ EQUITY: Debt and capital lease obligations $ — $ 1,480,248 $ — $ 673 $ — $ 1,480,921 Accounts payable and accrued liabilities 44 17,586 2,316 217,419 (84,586 ) 152,779 Dividends payable 38,778 — — — — 38,778 Deferred management rights proceeds — — — 182,361 — 182,361 Other liabilities — — 86,056 59,949 283 146,288 Intercompany payables, net 577,901 515,944 — 287,650 (1,381,495 ) — Commitments and contingencies Stockholders’ equity: Preferred stock — — — — — — Common stock 509 1 1 2,387 (2,389 ) 509 Additional paid-in-capital 887,155 944,113 2,812,431 1,213,325 (4,969,869 ) 887,155 Treasury stock (10,359 ) — — — — (10,359 ) Accumulated deficit (510,008 ) (161,797 ) 707,439 (515,770 ) (29,872 ) (510,008 ) Accumulated other comprehensive loss (25,002 ) — — (25,002 ) 25,002 (25,002 ) Total stockholders’ equity 342,295 782,317 3,519,871 674,940 (4,977,128 ) 342,295 Total liabilities and stockholders’ equity $ 959,018 $ 2,796,095 $ 3,608,243 $ 1,422,992 $ (6,442,926 ) $ 2,343,422 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2015 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated ASSETS: Property and equipment, net of accumulated depreciation $ 6,869 $ — $ 1,622,674 $ 353,273 $ — $ 1,982,816 Cash and cash equivalents - unrestricted 23 1,578 158 54,532 — 56,291 Cash and cash equivalents - restricted — — — 22,355 — 22,355 Notes receivable — — — 152,560 — 152,560 Trade receivables, less allowance — — — 55,033 — 55,033 Prepaid expenses and other assets 7,111 — 116,218 57,264 (118,214 ) 62,379 Intercompany receivables, net — — 1,284,587 — (1,284,587 ) — Investments 976,809 2,795,064 531,628 697,381 (5,000,882 ) — Total assets $ 990,812 $ 2,796,642 $ 3,555,265 $ 1,392,398 $ (6,403,683 ) $ 2,331,434 LIABILITIES AND STOCKHOLDERS’ EQUITY: Debt and capital lease obligations $ — $ 1,431,032 $ — $ 678 $ — $ 1,431,710 Accounts payable and accrued liabilities 103 8,153 1,390 262,234 (118,497 ) 153,383 Dividends payable 36,868 — — — — 36,868 Deferred management rights proceeds — — — 183,119 — 183,119 Deferred income tax liabilities, net 1,609 — 599 (1,045 ) — 1,163 Other liabilities — — 84,746 60,600 283 145,629 Intercompany payables, net 572,670 506,341 — 205,576 (1,284,587 ) — Commitments and contingencies Stockholders’ equity: Preferred stock — — — — — — Common stock 513 1 1 2,387 (2,389 ) 513 Additional paid-in-capital 887,501 996,425 2,812,431 1,213,324 (5,022,180 ) 887,501 Treasury stock (10,001 ) — — — — (10,001 ) Accumulated deficit (473,404 ) (145,310 ) 656,098 (509,428 ) (1,360 ) (473,404 ) Accumulated other comprehensive loss (25,047 ) — — (25,047 ) 25,047 (25,047 ) Total stockholders’ equity 379,562 851,116 3,468,530 681,236 (5,000,882 ) 379,562 Total liabilities and stockholders’ equity $ 990,812 $ 2,796,642 $ 3,555,265 $ 1,392,398 $ (6,403,683 ) $ 2,331,434 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended March 31, 2016 Parent Non- (in thousands) Guarantor Issuer Guarantors Guarantors Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 96,969 $ — $ 96,969 Food and beverage — — — 122,233 — 122,233 Other hotel revenue — — 78,647 28,714 (82,372 ) 24,989 Entertainment 89 — — 17,293 (76 ) 17,306 Total revenues 89 — 78,647 265,209 (82,448 ) 261,497 Operating expenses: Rooms — — — 25,981 — 25,981 Food and beverage — — — 68,257 — 68,257 Other hotel expenses — — 10,945 140,282 (78,539 ) 72,688 Management fees — — — 5,337 — 5,337 Total hotel operating expenses — — 10,945 239,857 (78,539 ) 172,263 Entertainment — — — 14,772 (76 ) 14,696 Corporate 83 374 1 6,513 — 6,971 Corporate overhead allocation 2,167 — 1,666 — (3,833 ) — Depreciation and amortization 32 — 14,743 13,998 — 28,773 Total operating expenses 2,282 374 27,355 275,140 (82,448 ) 222,703 Operating income (loss) (2,193 ) (374 ) 51,292 (9,931 ) — 38,794 Interest expense — (16,113 ) 41 33 — (16,039 ) Interest income 28 — — 3,115 — 3,143 Loss from joint ventures — — — (390 ) — (390 ) Other gains and (losses), net — — — (47 ) — (47 ) Income (loss) before income taxes (2,165 ) (16,487 ) 51,333 (7,220 ) — 25,461 Benefit for income taxes — — 7 878 — 885 Equity in subsidiaries’ earnings, net 28,511 — — — (28,511 ) — Net income (loss) $ 26,346 $ (16,487 ) $ 51,340 $ (6,342 ) $ (28,511 ) $ 26,346 Comprehensive income (loss) $ 26,391 $ (16,487 ) $ 51,340 $ (6,297 ) $ (28,556 ) $ 26,391 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended March 31, 2015 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 94,721 $ — $ 94,721 Food and beverage — — — 118,331 — 118,331 Other hotel revenue — — 75,560 27,668 (79,826 ) 23,402 Entertainment 57 — — 16,707 (70 ) 16,694 Total revenues 57 — 75,560 257,427 (79,896 ) 253,148 Operating expenses: Rooms — — — 26,067 — 26,067 Food and beverage — — — 65,075 — 65,075 Other hotel expenses — — 10,968 134,779 (75,451 ) 70,296 Management fees — — — 3,512 — 3,512 Total hotel operating expenses — — 10,968 229,433 (75,451 ) 164,950 Entertainment — — — 13,233 (71 ) 13,162 Corporate 52 316 — 6,726 — 7,094 Corporate overhead allocation 2,465 — 1,909 — (4,374 ) — Preopening costs — — — 592 — 592 Impairment and other charges — — — 2,890 — 2,890 Depreciation and amortization 32 — 14,786 13,752 — 28,570 Total operating expenses 2,549 316 27,663 266,626 (79,896 ) 217,258 Operating income (loss) (2,492 ) (316 ) 47,897 (9,199 ) — 35,890 Interest expense — (13,851 ) — 38 — (13,813 ) Interest income — — — 3,008 — 3,008 Other gains and (losses), net (20,186 ) — — (46 ) — (20,232 ) Income (loss) before income taxes (22,678 ) (14,167 ) 47,897 (6,199 ) — 4,853 (Provision) benefit for income taxes — — (1 ) (320 ) — (321 ) Equity in subsidiaries’ earnings, net 27,210 — — — (27,210 ) — Net income (loss) $ 4,532 $ (14,167 ) $ 47,896 $ (6,519 ) $ (27,210 ) $ 4,532 Comprehensive income (loss) $ 4,591 $ (14,167 ) $ 47,896 $ (6,460 ) $ (27,269 ) $ 4,591 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended March 31, 2016 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Net cash provided by (used in) operating activities $ 56,533 $ (48,547 ) $ 5,677 $ 39,610 $ — $ 53,273 Purchases of property and equipment (12 ) — (5,175 ) (8,053 ) — (13,240 ) Proceeds from sale of Peterson LOI 6,785 — — — — 6,785 Investment in unconsolidated joint ventures — — — (21,523 ) — (21,523 ) Increase in restricted cash and cash equivalents — — — (7,603 ) — (7,603 ) Other investing activities — — — (1,575 ) — (1,575 ) Net cash provided by (used in) investing activities 6,773 — (5,175 ) (38,754 ) — (37,156 ) Net borrowings under credit facility — 55,000 — — — 55,000 Repayments under term loan B — (1,000 ) — — — (1,000 ) Repayment of note payable related to purchase of AC Hotel — (6,000 ) — — — (6,000 ) Repurchase of Company stock for retirement (24,811 ) — — — — (24,811 ) Payment of dividend (36,433 ) — — — — (36,433 ) Proceeds from exercise of stock options 913 — — — — 913 Payment of tax withholdings for share-based compensation (2,921 ) — — — — (2,921 ) Other financing activities — — — (6 ) — (6 ) Net cash provided by (used in) financing activities (63,252 ) 48,000 — (6 ) — (15,258 ) Net change in cash and cash equivalents 54 (547 ) 502 850 — 859 Cash and cash equivalents at beginning of period 23 1,578 158 54,532 — 56,291 Cash and cash equivalents at end of period $ 77 $ 1,031 $ 660 $ 55,382 $ — $ 57,150 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended March 31, 2015 Parent Non- (in thousands) Guarantor Issuer Guarantors Guarantors Eliminations Consolidated Net cash provided by (used in) operating activities $ 175,786 $ (170,289 ) $ 2 $ 1,990 $ — $ 7,489 Purchases of property and equipment (22 ) — (2 ) (18,631 ) — (18,655 ) Proceeds from sale of Peterson LOI 10,000 — — — — 10,000 Increase in restricted cash and cash equivalents — — — (3,594 ) — (3,594 ) Other investing activities — — — (2,453 ) — (2,453 ) Net cash provided by (used in) investing activities 9,978 — (2 ) (24,678 ) — (14,702 ) Net borrowings under credit facility — 171,000 — — — 171,000 Repayments under term loan B — (1,000 ) — — — (1,000 ) Repurchase of common stock warrants (154,681 ) — — — — (154,681 ) Payment of dividend (28,756 ) — — — — (28,756 ) Proceeds from exercise of stock option and purchase plans 1,015 — — — — 1,015 Payment of tax withholdings for share-based compensation (3,617 ) — — — — (3,617 ) Other financing activities — — — (157 ) — (157 ) Net cash provided by (used in) financing activities (186,039 ) 170,000 — (157 ) — (16,196 ) Net change in cash and cash equivalents (275 ) (289 ) — (22,845 ) — (23,409 ) Cash and cash equivalents at beginning of period 392 1,001 36 74,979 — 76,408 Cash and cash equivalents at end of period $ 117 $ 712 $ 36 $ 52,134 $ — $ 52,999

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Newly Issued Accounting Standards	Newly Issued Accounting Standards In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “ Revenue from Contracts with Customers In February 2015, the FASB issued ASU No. 2015-02, “ Consolidation – Amendments to the Consolidation Guidance In February 2016, the FASB issued ASU No. 2016-02, “ Leases In March 2016, the FASB issued ASU No. 2016-09, “ Improvements to Employee Share-Based Payment Accounting

Income Per Share (Tables)

Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Weighted Average Number of Common Shares Outstanding	The weighted average number of common shares outstanding is calculated as follows (in thousands): Three Months Ended 2016 2015 Weighted average shares outstanding - basic 51,046 51,123 Effect of dilutive stock-based compensation 352 398 Weighted average shares outstanding - diluted 51,398 51,521

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment at March 31, 2016 and December 31, 2015 is recorded at cost and summarized as follows (in thousands): March 31, December 31, Land and land improvements $ 255,640 $ 255,179 Buildings 2,372,115 2,369,851 Furniture, fixtures and equipment 608,285 603,529 Construction-in-progress 15,387 10,576 3,251,427 3,239,135 Accumulated depreciation (1,283,878 ) (1,256,319 ) Property and equipment, net $ 1,967,549 $ 1,982,816

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Summary of Debt and Capital Lease Obligations	The Company’s debt and capital lease obligations at March 31, 2016 and December 31, 2015 consisted of (in thousands): March 31, December 31, $700 Million Revolving Credit Facility, interest at LIBOR plus 1.60%, maturing June 5, 2019, less unamortized deferred financing costs of $6,818 and $7,335 $ 354,582 $ 299,065 $400 Million Term Loan B, interest at LIBOR plus 2.75%, maturing January 15, 2021, less unamortized deferred financing costs of $6,161 and $6,457 386,839 387,543 $350 Million Senior Notes, interest at 5.0%, maturing April 15, 2021, less unamortized deferred financing costs of $4,892 and $5,107 345,108 344,893 $400 Million Senior Notes, interest at 5.0%, maturing April 15, 2023, less unamortized deferred financing costs of $6,282 and $6,469 393,718 393,531 AC Hotel Note Payable — 6,000 Capital lease obligations 674 678 Total debt 1,480,921 1,431,710 Less amounts due within one year (19 ) (6,019 ) Total long-term debt $ 1,480,902 $ 1,425,691

Pension and Postretirement Be25

Pension and Postretirement Benefits Other Than Pension Plans (Tables)	3 Months Ended
	Mar. 31, 2016
Pension Plan [Member]
Net Periodic Pension and Postretirement Benefit (Income) Expense	Net periodic pension expense reflected in the accompanying condensed consolidated statements of operations included the following components for the respective periods (in thousands): Three Months Ended 2016 2015 Interest cost $ 977 $ 986 Expected return on plan assets (1,034 ) (1,188 ) Amortization of net actuarial loss 292 308 Total net periodic pension expense $ 235 $ 106
Other Postretirement Benefit Plan [Member]
Net Periodic Pension and Postretirement Benefit (Income) Expense	Net postretirement benefit income reflected in the accompanying condensed consolidated statements of operations included the following components for the respective periods (in thousands): Three Months Ended 2016 2015 Interest cost $ 30 $ 53 Amortization of net actuarial loss 59 118 Amortization of prior service credit (328 ) (328 ) Total net postretirement benefit income $ (239 ) $ (157 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	The Company had no liabilities required to be measured at fair value at March 31, 2016 and December 31, 2015. The Company’s assets measured at fair value on a recurring basis at March 31, 2016 and December 31, 2015, were as follows (in thousands): March 31, Markets for Observable Unobservable Deferred compensation plan investments $ 19,093 $ 19,093 $ — $ — Total assets measured at fair value $ 19,093 $ 19,093 $ — $ — December 31, Markets for Observable Unobservable Deferred compensation plan investments $ 19,289 $ 19,289 $ — $ — Total assets measured at fair value $ 19,289 $ 19,289 $ — $ —

Financial Reporting By Busine27

Financial Reporting By Business Segments (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segments Internal Financial Reports	The following information is derived directly from the segments’ internal financial reports used for corporate management purposes (amounts in thousands): Three Months Ended March 31, 2016 2015 Revenues: Hospitality $ 244,191 $ 236,454 Entertainment 17,306 16,694 Corporate and Other — — Total $ 261,497 $ 253,148 Depreciation and amortization: Hospitality $ 26,469 $ 26,443 Entertainment 1,647 1,412 Corporate and Other 657 715 Total $ 28,773 $ 28,570 Operating income: Hospitality $ 45,459 $ 45,061 Entertainment 963 2,120 Corporate and Other (7,628 ) (7,809 ) Preopening costs — (592 ) Impairment and other charges — (2,890 ) Total operating income 38,794 35,890 Interest expense (16,039 ) (13,813 ) Interest income 3,143 3,008 Loss from joint ventures (390 ) — Other gains and (losses), net (47 ) (20,232 ) Income before income taxes $ 25,461 $ 4,853

Information Concerning Guaran28

Information Concerning Guarantor and Non-Guarantor Subsidiaries (Tables)	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET March 31, 2016 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated ASSETS: Property and equipment, net of accumulated depreciation $ 6,851 $ — $ 1,613,142 $ 347,556 $ — $ 1,967,549 Cash and cash equivalents - unrestricted 77 1,031 660 55,382 — 57,150 Cash and cash equivalents - restricted — — — 29,958 — 29,958 Notes receivable — — — 152,365 — 152,365 Trade receivables, less allowance — — — 61,307 — 61,307 Deferred income tax assets, net (1,406 ) — (514 ) 2,264 — 344 Prepaid expenses and other assets 179 — 82,093 76,780 (84,303 ) 74,749 Intercompany receivables, net — — 1,381,495 — (1,381,495 ) — Investments 953,317 2,795,064 531,367 697,380 (4,977,128 ) — Total assets $ 959,018 $ 2,796,095 $ 3,608,243 $ 1,422,992 $ (6,442,926 ) $ 2,343,422 LIABILITIES AND STOCKHOLDERS’ EQUITY: Debt and capital lease obligations $ — $ 1,480,248 $ — $ 673 $ — $ 1,480,921 Accounts payable and accrued liabilities 44 17,586 2,316 217,419 (84,586 ) 152,779 Dividends payable 38,778 — — — — 38,778 Deferred management rights proceeds — — — 182,361 — 182,361 Other liabilities — — 86,056 59,949 283 146,288 Intercompany payables, net 577,901 515,944 — 287,650 (1,381,495 ) — Commitments and contingencies Stockholders’ equity: Preferred stock — — — — — — Common stock 509 1 1 2,387 (2,389 ) 509 Additional paid-in-capital 887,155 944,113 2,812,431 1,213,325 (4,969,869 ) 887,155 Treasury stock (10,359 ) — — — — (10,359 ) Accumulated deficit (510,008 ) (161,797 ) 707,439 (515,770 ) (29,872 ) (510,008 ) Accumulated other comprehensive loss (25,002 ) — — (25,002 ) 25,002 (25,002 ) Total stockholders’ equity 342,295 782,317 3,519,871 674,940 (4,977,128 ) 342,295 Total liabilities and stockholders’ equity $ 959,018 $ 2,796,095 $ 3,608,243 $ 1,422,992 $ (6,442,926 ) $ 2,343,422 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2015 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated ASSETS: Property and equipment, net of accumulated depreciation $ 6,869 $ — $ 1,622,674 $ 353,273 $ — $ 1,982,816 Cash and cash equivalents - unrestricted 23 1,578 158 54,532 — 56,291 Cash and cash equivalents - restricted — — — 22,355 — 22,355 Notes receivable — — — 152,560 — 152,560 Trade receivables, less allowance — — — 55,033 — 55,033 Prepaid expenses and other assets 7,111 — 116,218 57,264 (118,214 ) 62,379 Intercompany receivables, net — — 1,284,587 — (1,284,587 ) — Investments 976,809 2,795,064 531,628 697,381 (5,000,882 ) — Total assets $ 990,812 $ 2,796,642 $ 3,555,265 $ 1,392,398 $ (6,403,683 ) $ 2,331,434 LIABILITIES AND STOCKHOLDERS’ EQUITY: Debt and capital lease obligations $ — $ 1,431,032 $ — $ 678 $ — $ 1,431,710 Accounts payable and accrued liabilities 103 8,153 1,390 262,234 (118,497 ) 153,383 Dividends payable 36,868 — — — — 36,868 Deferred management rights proceeds — — — 183,119 — 183,119 Deferred income tax liabilities, net 1,609 — 599 (1,045 ) — 1,163 Other liabilities — — 84,746 60,600 283 145,629 Intercompany payables, net 572,670 506,341 — 205,576 (1,284,587 ) — Commitments and contingencies Stockholders’ equity: Preferred stock — — — — — — Common stock 513 1 1 2,387 (2,389 ) 513 Additional paid-in-capital 887,501 996,425 2,812,431 1,213,324 (5,022,180 ) 887,501 Treasury stock (10,001 ) — — — — (10,001 ) Accumulated deficit (473,404 ) (145,310 ) 656,098 (509,428 ) (1,360 ) (473,404 ) Accumulated other comprehensive loss (25,047 ) — — (25,047 ) 25,047 (25,047 ) Total stockholders’ equity 379,562 851,116 3,468,530 681,236 (5,000,882 ) 379,562 Total liabilities and stockholders’ equity $ 990,812 $ 2,796,642 $ 3,555,265 $ 1,392,398 $ (6,403,683 ) $ 2,331,434
Condensed Consolidating Statement of Operations and Comprehensive Income	RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended March 31, 2016 Parent Non- (in thousands) Guarantor Issuer Guarantors Guarantors Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 96,969 $ — $ 96,969 Food and beverage — — — 122,233 — 122,233 Other hotel revenue — — 78,647 28,714 (82,372 ) 24,989 Entertainment 89 — — 17,293 (76 ) 17,306 Total revenues 89 — 78,647 265,209 (82,448 ) 261,497 Operating expenses: Rooms — — — 25,981 — 25,981 Food and beverage — — — 68,257 — 68,257 Other hotel expenses — — 10,945 140,282 (78,539 ) 72,688 Management fees — — — 5,337 — 5,337 Total hotel operating expenses — — 10,945 239,857 (78,539 ) 172,263 Entertainment — — — 14,772 (76 ) 14,696 Corporate 83 374 1 6,513 — 6,971 Corporate overhead allocation 2,167 — 1,666 — (3,833 ) — Depreciation and amortization 32 — 14,743 13,998 — 28,773 Total operating expenses 2,282 374 27,355 275,140 (82,448 ) 222,703 Operating income (loss) (2,193 ) (374 ) 51,292 (9,931 ) — 38,794 Interest expense — (16,113 ) 41 33 — (16,039 ) Interest income 28 — — 3,115 — 3,143 Loss from joint ventures — — — (390 ) — (390 ) Other gains and (losses), net — — — (47 ) — (47 ) Income (loss) before income taxes (2,165 ) (16,487 ) 51,333 (7,220 ) — 25,461 Benefit for income taxes — — 7 878 — 885 Equity in subsidiaries’ earnings, net 28,511 — — — (28,511 ) — Net income (loss) $ 26,346 $ (16,487 ) $ 51,340 $ (6,342 ) $ (28,511 ) $ 26,346 Comprehensive income (loss) $ 26,391 $ (16,487 ) $ 51,340 $ (6,297 ) $ (28,556 ) $ 26,391 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended March 31, 2015 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 94,721 $ — $ 94,721 Food and beverage — — — 118,331 — 118,331 Other hotel revenue — — 75,560 27,668 (79,826 ) 23,402 Entertainment 57 — — 16,707 (70 ) 16,694 Total revenues 57 — 75,560 257,427 (79,896 ) 253,148 Operating expenses: Rooms — — — 26,067 — 26,067 Food and beverage — — — 65,075 — 65,075 Other hotel expenses — — 10,968 134,779 (75,451 ) 70,296 Management fees — — — 3,512 — 3,512 Total hotel operating expenses — — 10,968 229,433 (75,451 ) 164,950 Entertainment — — — 13,233 (71 ) 13,162 Corporate 52 316 — 6,726 — 7,094 Corporate overhead allocation 2,465 — 1,909 — (4,374 ) — Preopening costs — — — 592 — 592 Impairment and other charges — — — 2,890 — 2,890 Depreciation and amortization 32 — 14,786 13,752 — 28,570 Total operating expenses 2,549 316 27,663 266,626 (79,896 ) 217,258 Operating income (loss) (2,492 ) (316 ) 47,897 (9,199 ) — 35,890 Interest expense — (13,851 ) — 38 — (13,813 ) Interest income — — — 3,008 — 3,008 Other gains and (losses), net (20,186 ) — — (46 ) — (20,232 ) Income (loss) before income taxes (22,678 ) (14,167 ) 47,897 (6,199 ) — 4,853 (Provision) benefit for income taxes — — (1 ) (320 ) — (321 ) Equity in subsidiaries’ earnings, net 27,210 — — — (27,210 ) — Net income (loss) $ 4,532 $ (14,167 ) $ 47,896 $ (6,519 ) $ (27,210 ) $ 4,532 Comprehensive income (loss) $ 4,591 $ (14,167 ) $ 47,896 $ (6,460 ) $ (27,269 ) $ 4,591
Condensed Consolidating Statement of Cash Flows	RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended March 31, 2016 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Net cash provided by (used in) operating activities $ 56,533 $ (48,547 ) $ 5,677 $ 39,610 $ — $ 53,273 Purchases of property and equipment (12 ) — (5,175 ) (8,053 ) — (13,240 ) Proceeds from sale of Peterson LOI 6,785 — — — — 6,785 Investment in unconsolidated joint ventures — — — (21,523 ) — (21,523 ) Increase in restricted cash and cash equivalents — — — (7,603 ) — (7,603 ) Other investing activities — — — (1,575 ) — (1,575 ) Net cash provided by (used in) investing activities 6,773 — (5,175 ) (38,754 ) — (37,156 ) Net borrowings under credit facility — 55,000 — — — 55,000 Repayments under term loan B — (1,000 ) — — — (1,000 ) Repayment of note payable related to purchase of AC Hotel — (6,000 ) — — — (6,000 ) Repurchase of Company stock for retirement (24,811 ) — — — — (24,811 ) Payment of dividend (36,433 ) — — — — (36,433 ) Proceeds from exercise of stock options 913 — — — — 913 Payment of tax withholdings for share-based compensation (2,921 ) — — — — (2,921 ) Other financing activities — — — (6 ) — (6 ) Net cash provided by (used in) financing activities (63,252 ) 48,000 — (6 ) — (15,258 ) Net change in cash and cash equivalents 54 (547 ) 502 850 — 859 Cash and cash equivalents at beginning of period 23 1,578 158 54,532 — 56,291 Cash and cash equivalents at end of period $ 77 $ 1,031 $ 660 $ 55,382 $ — $ 57,150 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended March 31, 2015 Parent Non- (in thousands) Guarantor Issuer Guarantors Guarantors Eliminations Consolidated Net cash provided by (used in) operating activities $ 175,786 $ (170,289 ) $ 2 $ 1,990 $ — $ 7,489 Purchases of property and equipment (22 ) — (2 ) (18,631 ) — (18,655 ) Proceeds from sale of Peterson LOI 10,000 — — — — 10,000 Increase in restricted cash and cash equivalents — — — (3,594 ) — (3,594 ) Other investing activities — — — (2,453 ) — (2,453 ) Net cash provided by (used in) investing activities 9,978 — (2 ) (24,678 ) — (14,702 ) Net borrowings under credit facility — 171,000 — — — 171,000 Repayments under term loan B — (1,000 ) — — — (1,000 ) Repurchase of common stock warrants (154,681 ) — — — — (154,681 ) Payment of dividend (28,756 ) — — — — (28,756 ) Proceeds from exercise of stock option and purchase plans 1,015 — — — — 1,015 Payment of tax withholdings for share-based compensation (3,617 ) — — — — (3,617 ) Other financing activities — — — (157 ) — (157 ) Net cash provided by (used in) financing activities (186,039 ) 170,000 — (157 ) — (16,196 ) Net change in cash and cash equivalents (275 ) (289 ) — (22,845 ) — (23,409 ) Cash and cash equivalents at beginning of period 392 1,001 36 74,979 — 76,408 Cash and cash equivalents at end of period $ 117 $ 712 $ 36 $ 52,134 $ — $ 52,999

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail)	Mar. 31, 2016
Accounting Policies [Abstract]
Percentage of owned subsidiaries	100.00%

Basis of Presentation - Acquisi

Basis of Presentation - Acquisitions and Investments - Additional Information (Detail) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016USD ($)	Dec. 31, 2014USD ($)aRoom	Dec. 31, 2015USD ($)
Business Acquisition [Line Items]
Total Debt	$ 1,480,921		$ 1,431,710
AC Hotel Note Payable [Member]
Business Acquisition [Line Items]
Total Debt		$ 6,000	$ 6,000
Aloft Hotel National Harbor [Member]
Business Acquisition [Line Items]
Number of room purchased | Room		192
Purchase price of hotel		$ 21,800
Purchase of additional land | a		0.5
Purchase price paid		$ 21,200
Hotel opened date	2015-04

Deferred Management Rights Pr31

Deferred Management Rights Proceeds - Additional Information (Detail) - USD ($) $ in Millions	Oct. 01, 2012	Mar. 31, 2016
Real Estate [Abstract]
Sales price of management rights and intellectual property	$ 210
Purchase price to the Management Rights	190
Purchase price IP Rights	$ 20
Term of management rights for income amortization		65 years

Income Per Share - Weighted Ave

Income Per Share - Weighted Average Number of Common Shares Outstanding (Detail) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Weighted average shares outstanding - basic	51,046	51,123
Effect of dilutive stock-based compensation	352	398
Weighted average shares outstanding - diluted	51,398	51,521

Accumulated Other Comprehensi33

Accumulated Other Comprehensive Loss - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Equity [Abstract]
Other comprehensive (income) loss, before reclassifications	$ 0	$ 0
Amounts reclassified from AOCI, before tax	$ 0	$ 100,000

Property and Equipment - Proper

Property and Equipment - Property and Equipment (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	$ 3,251,427	$ 3,239,135
Accumulated depreciation	(1,283,878)	(1,256,319)
Property and equipment, net	1,967,549	1,982,816
Land and land improvements [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	255,640	255,179
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	2,372,115	2,369,851
Furniture, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	608,285	603,529
Construction-in-progress [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	$ 15,387	$ 10,576

Notes Receivable - Additional I

Notes Receivable - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)Note	Mar. 31, 2015USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income	$ 3,143	$ 3,008
National Bonds [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of notes receivable | Note	2
Interest income	$ 3,100	3,000
Payment received relating to notes receivables	$ 3,300	$ 3,400

Debt - Summary of Debt and Capi

Debt - Summary of Debt and Capital Lease Obligations (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total Debt	$ 1,480,921	$ 1,431,710
Less amounts due within one year	(19)	(6,019)
Total long-term debt	1,480,902	1,425,691
$400 Million Term Loan B [Member]
Debt Instrument [Line Items]
Total Debt	386,839	387,543
$350 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Total Debt	345,108	344,893
$400 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Total Debt	393,718	393,531
AC Hotel Note Payable [Member]
Debt Instrument [Line Items]
Total Debt		6,000	$ 6,000
$700 Million Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total Debt	354,582	299,065
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Total Debt	$ 674	$ 678

Debt - Summary of Debt and Ca37

Debt - Summary of Debt and Capital Lease Obligations (Parenthetical) (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
$700 Million Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Unamortized deferred financing costs	$ 6,818,000	$ 7,335,000
Total credit facility	$ 700,000,000
Maturity date for credit facility	Jun. 5, 2019
Spread rate added to LIBOR	1.60%
$400 Million Term Loan B [Member]
Debt Instrument [Line Items]
Unamortized deferred financing costs	$ 6,161,000	6,457,000
Total credit facility	$ 400,000,000
Maturity date for credit facility	Jan. 15, 2021
Spread rate added to LIBOR	2.75%
$350 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Total Senior Notes	$ 350,000,000
Interest rate of Senior Notes	5.00%
Unamortized deferred financing costs	$ 4,892,000	5,107,000
Maturity date for Senior Notes	Apr. 15, 2021
$400 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Total Senior Notes	$ 400,000,000
Interest rate of Senior Notes	5.00%
Unamortized deferred financing costs	$ 6,282,000	$ 6,469,000
Maturity date for Senior Notes	Apr. 15, 2023

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Thousands, shares in Millions	3 Months Ended
	Mar. 31, 2015USD ($)shares
Debt Instrument [Line Items]
Total consideration for repurchase of warrants	$ 154,681
3.75% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Warrants repurchased | shares	4.7
Total consideration for repurchase of warrants	$ 154,700
Gain (loss) on change in the fair value of the derivative liability	$ (20,200)

Stock Plans - Additional Inform

Stock Plans - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost on stock-based compensation plans	$ 1.5	$ 1.6
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock award granted by Company	0.1
Weighted-average grant-date fair value of restricted stock awards granted	$ 46.99
Restricted stock award, outstanding	0.5		0.5

Pension and Postretirement Be40

Pension and Postretirement Benefits Other Than Pension Plans - Net Periodic Pension and Postretirement Benefit (Income) Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 977	$ 986
Expected return on plan assets	(1,034)	(1,188)
Amortization of net actuarial loss	292	308
Total net periodic pension/postretirement benefit (income) expense	235	106
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	30	53
Amortization of net actuarial loss	59	118
Amortization of prior service credit	(328)	(328)
Total net periodic pension/postretirement benefit (income) expense	$ (239)	$ (157)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Income Tax Disclosure [Abstract]
(Provision) benefit for income taxes	$ 885,000	$ (321,000)
Unrecognized tax benefits	$ 0		$ 0

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016USD ($)ft²Room
Contingencies And Commitments [Line Items]
Capital contribution	$ 21,523,000
Estimated pro rata share of interest amount	$ 9,800,000
Gaylord Rockies Resort and Convention Center [Member]
Contingencies And Commitments [Line Items]
Number of hotel rooms | Room	1,500
Area of exhibition, meeting, pre-functional and outdoor space | ft²	485,000
Opening date of hotel	2018-11
Estimated project cost	$ 800,000,000
Investment percentage	35.00%
Expected total contribution to the project	$ 86,100,000
Capital contribution	21,500,000
Maximum repayment guarantee of construction loan and mezzanine debt	21,000,000
Principal amount of loan	500,000,000
Repayment guarantee of construction loan and mezzanine debt, amount on completion of first milestone	14,000,000
Repayment guarantee of construction loan and mezzanine debt, amount on completion of final milestone	8,750,000
Guarantee obligations exposure under mezzanine debt	$ 8,750,000

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule Of Equity [Line Items]
Cash Dividend on Common Stock	$ 0.75	$ 0.65
Aggregated Dividend Paid	$ 38,200,000
Dividend payable date declared	Feb. 26, 2016
Common stock Dividend Payable Date	Apr. 15, 2016
Dividend payable date of record	Mar. 31, 2016
2015 Stock Repurchase Program [Member]
Schedule Of Equity [Line Items]
Authorized amount for share repurchase program	$ 100,000,000
Company repurchased, shares	0.5
Repurchase of Company stock for retirement	$ 24,800,000

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan investments	$ 19,093	$ 19,289
Total assets measured at fair value	19,093	19,289
Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan investments	19,093	19,289
Total assets measured at fair value	$ 19,093	$ 19,289

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes receivables, carrying value	$ 152,365	$ 152,560
Bonds A Series [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes receivables, carrying value	$ 83,300
Maturity date	Jul. 1, 2034
Bonds B Series [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes receivables, carrying value	$ 69,100
Notes receivable, fair value	$ 60,000
Maturity date	Sep. 1, 2037

Financial Reporting By Busine46

Financial Reporting By Business Segments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016Segment
Segment Reporting [Abstract]
Number of business segments	3

Financial Reporting by Busine47

Financial Reporting by Business Segments - Segments Internal Financial Reports (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Revenues	$ 261,497	$ 253,148
Depreciation and amortization	28,773	28,570
Preopening costs		(592)
Impairment and other charges		(2,890)
Operating income	38,794	35,890
Interest expense	(16,039)	(13,813)
Interest income	3,143	3,008
Loss from joint ventures	(390)
Other gains and (losses), net	(47)	(20,232)
Income before income taxes	25,461	4,853
Operating Segments [Member] | Hospitality [Member]
Segment Reporting Information [Line Items]
Revenues	244,191	236,454
Depreciation and amortization	26,469	26,443
Operating income	45,459	45,061
Operating Segments [Member] | Entertainment (Previously Opry and Attractions) [Member]
Segment Reporting Information [Line Items]
Revenues	17,306	16,694
Depreciation and amortization	1,647	1,412
Operating income	963	2,120
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	657	715
Operating income	$ (7,628)	(7,809)
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Preopening costs		(592)
Impairment and other charges		$ (2,890)

Information Concerning Guaran48

Information Concerning Guarantor and Non-Guarantor Subsidiaries - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016USD ($)Entity
Condensed Financial Statements, Captions [Line Items]
Number of wholly owned subsidiaries | Entity	4
Ownership percentage in subsidiaries	100.00%
$350 Million 5% Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Interest rate of Senior Notes	5.00%
Senior notes, principal amount	$ 350,000,000
$400 Million 5% Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Interest rate of Senior Notes	5.00%
Senior notes, principal amount	$ 400,000,000

Information Concerning Guaran49

Information Concerning Guarantor and Non-Guarantor Subsidiaries - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
ASSETS:
Property and equipment, net of accumulated depreciation	$ 1,967,549	$ 1,982,816
Cash and cash equivalents - unrestricted	57,150	56,291	$ 52,999	$ 76,408
Cash and cash equivalents - restricted	29,958	22,355
Notes receivable	152,365	152,560
Trade receivables, less allowance	61,307	55,033
Deferred income tax assets, net	344
Prepaid expenses and other assets	74,749	62,379
Total assets	2,343,422	2,331,434
LIABILITIES AND STOCKHOLDERS' EQUITY:
Debt and capital lease obligations	1,480,921	1,431,710
Accounts payable and accrued liabilities	152,779	153,383
Dividends payable	38,778	36,868
Deferred management rights proceeds	182,361	183,119
Deferred income tax liabilities, net		1,163
Other liabilities	$ 146,288	$ 145,629
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	$ 509	$ 513
Additional paid-in-capital	887,155	887,501
Treasury stock	(10,359)	(10,001)
Accumulated deficit	(510,008)	(473,404)
Accumulated other comprehensive loss	(25,002)	(25,047)
Total stockholders' equity	342,295	379,562
Total liabilities and stockholders' equity	2,343,422	2,331,434
Parent Guarantor [Member]
ASSETS:
Property and equipment, net of accumulated depreciation	6,851	6,869
Cash and cash equivalents - unrestricted	77	23	117	392
Deferred income tax assets, net	(1,406)
Prepaid expenses and other assets	179	7,111
Investments	953,317	976,809
Total assets	959,018	990,812
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable and accrued liabilities	44	103
Dividends payable	38,778	36,868
Deferred income tax liabilities, net		1,609
Intercompany payables, net	$ 577,901	$ 572,670
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	$ 509	$ 513
Additional paid-in-capital	887,155	887,501
Treasury stock	(10,359)	(10,001)
Accumulated deficit	(510,008)	(473,404)
Accumulated other comprehensive loss	(25,002)	(25,047)
Total stockholders' equity	342,295	379,562
Total liabilities and stockholders' equity	959,018	990,812
Issuer [Member]
ASSETS:
Cash and cash equivalents - unrestricted	1,031	1,578	712	1,001
Investments	2,795,064	2,795,064
Total assets	2,796,095	2,796,642
LIABILITIES AND STOCKHOLDERS' EQUITY:
Debt and capital lease obligations	1,480,248	1,431,032
Accounts payable and accrued liabilities	17,586	8,153
Intercompany payables, net	$ 515,944	$ 506,341
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	$ 1	$ 1
Additional paid-in-capital	944,113	996,425
Accumulated deficit	(161,797)	(145,310)
Total stockholders' equity	782,317	851,116
Total liabilities and stockholders' equity	2,796,095	2,796,642
Guarantors [Member]
ASSETS:
Property and equipment, net of accumulated depreciation	1,613,142	1,622,674
Cash and cash equivalents - unrestricted	660	158	36	36
Deferred income tax assets, net	(514)
Prepaid expenses and other assets	82,093	116,218
Intercompany receivables, net	1,381,495	1,284,587
Investments	531,367	531,628
Total assets	3,608,243	3,555,265
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable and accrued liabilities	2,316	1,390
Deferred income tax liabilities, net		599
Other liabilities	$ 86,056	$ 84,746
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	$ 1	$ 1
Additional paid-in-capital	2,812,431	2,812,431
Accumulated deficit	707,439	656,098
Total stockholders' equity	3,519,871	3,468,530
Total liabilities and stockholders' equity	3,608,243	3,555,265
Non-Guarantors [Member]
ASSETS:
Property and equipment, net of accumulated depreciation	347,556	353,273
Cash and cash equivalents - unrestricted	55,382	54,532	$ 52,134	$ 74,979
Cash and cash equivalents - restricted	29,958	22,355
Notes receivable	152,365	152,560
Trade receivables, less allowance	61,307	55,033
Deferred income tax assets, net	2,264
Prepaid expenses and other assets	76,780	57,264
Investments	697,380	697,381
Total assets	1,422,992	1,392,398
LIABILITIES AND STOCKHOLDERS' EQUITY:
Debt and capital lease obligations	673	678
Accounts payable and accrued liabilities	217,419	262,234
Deferred management rights proceeds	182,361	183,119
Deferred income tax liabilities, net		(1,045)
Other liabilities	59,949	60,600
Intercompany payables, net	$ 287,650	$ 205,576
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	$ 2,387	$ 2,387
Additional paid-in-capital	1,213,325	1,213,324
Accumulated deficit	(515,770)	(509,428)
Accumulated other comprehensive loss	(25,002)	(25,047)
Total stockholders' equity	674,940	681,236
Total liabilities and stockholders' equity	1,422,992	1,392,398
Eliminations [Member]
ASSETS:
Prepaid expenses and other assets	(84,303)	(118,214)
Intercompany receivables, net	(1,381,495)	(1,284,587)
Investments	(4,977,128)	(5,000,882)
Total assets	(6,442,926)	(6,403,683)
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable and accrued liabilities	(84,586)	(118,497)
Other liabilities	283	283
Intercompany payables, net	$ (1,381,495)	$ (1,284,587)
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	$ (2,389)	$ (2,389)
Additional paid-in-capital	(4,969,869)	(5,022,180)
Accumulated deficit	(29,872)	(1,360)
Accumulated other comprehensive loss	25,002	25,047
Total stockholders' equity	(4,977,128)	(5,000,882)
Total liabilities and stockholders' equity	$ (6,442,926)	$ (6,403,683)

Information Concerning Guaran50

Information Concerning Guarantor and Non-Guarantor Subsidiaries - Condensed Consolidating Statement of Operations and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues:
Rooms	$ 96,969	$ 94,721
Food and beverage	122,233	118,331
Other hotel revenue	24,989	23,402
Entertainment	17,306	16,694
Total revenues	261,497	253,148
Operating expenses:
Rooms	25,981	26,067
Food and beverage	68,257	65,075
Other hotel expenses	72,688	70,296
Management fees	5,337	3,512
Total hotel operating expenses	172,263	164,950
Entertainment	14,696	13,162
Corporate	6,971	7,094
Preopening costs		592
Impairment and other charges		2,890
Depreciation and amortization	28,773	28,570
Total operating expenses	222,703	217,258
Operating income (loss)	38,794	35,890
Interest expense	(16,039)	(13,813)
Interest income	3,143	3,008
Loss from joint ventures	(390)
Other gains and (losses), net	(47)	(20,232)
Income (loss) before income taxes	25,461	4,853
(Provision) benefit for income taxes	885	(321)
Net income	26,346	4,532
Comprehensive income (loss)	26,391	4,591
Parent Guarantor [Member]
Revenues:
Entertainment	89	57
Total revenues	89	57
Operating expenses:
Corporate	83	52
Corporate overhead allocation	2,167	2,465
Depreciation and amortization	32	32
Total operating expenses	2,282	2,549
Operating income (loss)	(2,193)	(2,492)
Interest income	28
Other gains and (losses), net		(20,186)
Income (loss) before income taxes	(2,165)	(22,678)
Equity in subsidiaries' earnings, net	28,511	27,210
Net income	26,346	4,532
Comprehensive income (loss)	26,391	4,591
Issuer [Member]
Operating expenses:
Corporate	374	316
Total operating expenses	374	316
Operating income (loss)	(374)	(316)
Interest expense	(16,113)	(13,851)
Income (loss) before income taxes	(16,487)	(14,167)
Net income	(16,487)	(14,167)
Comprehensive income (loss)	(16,487)	(14,167)
Guarantors [Member]
Revenues:
Other hotel revenue	78,647	75,560
Total revenues	78,647	75,560
Operating expenses:
Other hotel expenses	10,945	10,968
Total hotel operating expenses	10,945	10,968
Corporate	1
Corporate overhead allocation	1,666	1,909
Depreciation and amortization	14,743	14,786
Total operating expenses	27,355	27,663
Operating income (loss)	51,292	47,897
Interest expense	41
Income (loss) before income taxes	51,333	47,897
(Provision) benefit for income taxes	7	(1)
Net income	51,340	47,896
Comprehensive income (loss)	51,340	47,896
Non-Guarantors [Member]
Revenues:
Rooms	96,969	94,721
Food and beverage	122,233	118,331
Other hotel revenue	28,714	27,668
Entertainment	17,293	16,707
Total revenues	265,209	257,427
Operating expenses:
Rooms	25,981	26,067
Food and beverage	68,257	65,075
Other hotel expenses	140,282	134,779
Management fees	5,337	3,512
Total hotel operating expenses	239,857	229,433
Entertainment	14,772	13,233
Corporate	6,513	6,726
Preopening costs		592
Impairment and other charges		2,890
Depreciation and amortization	13,998	13,752
Total operating expenses	275,140	266,626
Operating income (loss)	(9,931)	(9,199)
Interest expense	33	38
Interest income	3,115	3,008
Loss from joint ventures	(390)
Other gains and (losses), net	(47)	(46)
Income (loss) before income taxes	(7,220)	(6,199)
(Provision) benefit for income taxes	878	(320)
Net income	(6,342)	(6,519)
Comprehensive income (loss)	(6,297)	(6,460)
Eliminations [Member]
Revenues:
Other hotel revenue	(82,372)	(79,826)
Entertainment	(76)	(70)
Total revenues	(82,448)	(79,896)
Operating expenses:
Other hotel expenses	(78,539)	(75,451)
Total hotel operating expenses	(78,539)	(75,451)
Entertainment	(76)	(71)
Corporate overhead allocation	(3,833)	(4,374)
Total operating expenses	(82,448)	(79,896)
Equity in subsidiaries' earnings, net	(28,511)	(27,210)
Net income	(28,511)	(27,210)
Comprehensive income (loss)	$ (28,556)	$ (27,269)

Information Concerning Guaran51

Information Concerning Guarantor and Non-Guarantor Subsidiaries - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 53,273	$ 7,489
Purchases of property and equipment	(13,240)	(18,655)
Proceeds from sale of Peterson LOI	6,785	10,000
Investment in Gaylord Rockies joint venture	(21,523)
Increase in restricted cash and cash equivalents	(7,603)	(3,594)
Other investing activities	(1,575)	(2,453)
Net cash provided by (used in) investing activities	(37,156)	(14,702)
Net borrowings under credit facility	55,000	171,000
Repayments under term loan B	(1,000)	(1,000)
Repayment of note payable related to purchase of AC Hotel	(6,000)
Repurchase of common stock warrants		(154,681)
Repurchase of Company stock for retirement	(24,811)
Payment of dividend	(36,433)	(28,756)
Proceeds from exercise of stock option and purchase plans	913	1,015
Payment of tax withholdings for share-based compensation	(2,921)	(3,617)
Other financing activities	(6)	(157)
Net cash flows used in financing activities	(15,258)	(16,196)
Net change in cash and cash equivalents	859	(23,409)
Cash and cash equivalents - unrestricted, beginning of period	56,291	76,408
Cash and cash equivalents - unrestricted, end of period	57,150	52,999
Parent Guarantor [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	56,533	175,786
Purchases of property and equipment	(12)	(22)
Proceeds from sale of Peterson LOI	6,785	10,000
Net cash provided by (used in) investing activities	6,773	9,978
Repurchase of common stock warrants		(154,681)
Repurchase of Company stock for retirement	(24,811)
Payment of dividend	(36,433)	(28,756)
Proceeds from exercise of stock option and purchase plans	913	1,015
Payment of tax withholdings for share-based compensation	(2,921)	(3,617)
Net cash flows used in financing activities	(63,252)	(186,039)
Net change in cash and cash equivalents	54	(275)
Cash and cash equivalents - unrestricted, beginning of period	23	392
Cash and cash equivalents - unrestricted, end of period	77	117
Issuer [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(48,547)	(170,289)
Net borrowings under credit facility	55,000	171,000
Repayments under term loan B	(1,000)	(1,000)
Repayment of note payable related to purchase of AC Hotel	(6,000)
Net cash flows used in financing activities	48,000	170,000
Net change in cash and cash equivalents	(547)	(289)
Cash and cash equivalents - unrestricted, beginning of period	1,578	1,001
Cash and cash equivalents - unrestricted, end of period	1,031	712
Guarantors [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	5,677	2
Purchases of property and equipment	(5,175)	(2)
Net cash provided by (used in) investing activities	(5,175)	(2)
Net change in cash and cash equivalents	502
Cash and cash equivalents - unrestricted, beginning of period	158	36
Cash and cash equivalents - unrestricted, end of period	660	36
Non-Guarantors [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	39,610	1,990
Purchases of property and equipment	(8,053)	(18,631)
Investment in Gaylord Rockies joint venture	(21,523)
Increase in restricted cash and cash equivalents	(7,603)	(3,594)
Other investing activities	(1,575)	(2,453)
Net cash provided by (used in) investing activities	(38,754)	(24,678)
Other financing activities	(6)	(157)
Net cash flows used in financing activities	(6)	(157)
Net change in cash and cash equivalents	850	(22,845)
Cash and cash equivalents - unrestricted, beginning of period	54,532	74,979
Cash and cash equivalents - unrestricted, end of period	$ 55,382	$ 52,134