Ryman Hospitality Properties (RHP) 10-Q 3 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 30, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
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		51,280,303

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
ASSETS:
Property and equipment, net of accumulated depreciation	$ 2,085,187	$ 2,065,657
Cash and cash equivalents - unrestricted	59,040	57,557	$ 33,979
Cash and cash equivalents - restricted	26,687	21,153	19,204
Notes receivable	111,046	111,423
Investment in Gaylord Rockies joint venture	88,717	88,685
Trade receivables, less allowance of $723 and $651, respectively	66,253	57,520
Deferred income tax assets, net	48,342	50,117
Prepaid expenses and other assets	73,906	72,116
Total assets	2,559,178	2,524,228
LIABILITIES AND STOCKHOLDERS' EQUITY:
Debt and capital lease obligations	1,649,302	1,591,392
Accounts payable and accrued liabilities	172,159	179,649
Dividends payable	44,878	42,129
Deferred management rights proceeds	176,299	177,057
Other liabilities	156,617	155,845
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, 51,280 and 51,198 shares issued and outstanding, respectively	513	512
Additional paid-in capital	895,157	896,759
Treasury stock of 573 and 567 shares, at cost	(13,707)	(13,253)
Accumulated deficit	(495,426)	(479,170)
Accumulated other comprehensive loss	(26,614)	(26,692)	$ (22,257)	$ (22,268)
Total stockholders' equity	359,923	378,156
Total liabilities and stockholders' equity	$ 2,559,178	$ 2,524,228

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 723	$ 651
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	51,280,000	51,198,000
Common stock, shares outstanding	51,280,000	51,198,000
Treasury stock, shares	573,000	567,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Rooms	$ 107,564	$ 103,369
Food and beverage	132,939	126,169
Other hotel revenue	24,608	24,616
Entertainment	23,259	21,888
Total revenues	288,370	276,042
Operating expenses:
Rooms	28,928	28,028
Food and beverage	71,978	69,157
Other hotel expenses	75,882	74,238
Management fees, net	7,130	5,531
Total hotel operating expenses	183,918	176,954
Entertainment	19,366	16,851
Corporate	8,329	7,409
Preopening costs	2,147	216
Depreciation and amortization	28,666	27,637
Total operating expenses	242,426	229,067
Operating income	45,944	46,975
Interest expense	(16,729)	(15,864)
Interest income	2,753	2,948
Loss from joint ventures	(2,588)	(774)
Other gains and (losses), net	168	(72)
Income before income taxes	29,548	33,213
Provision for income taxes	(2,209)	(593)
Net income	$ 27,339	$ 32,620
Basic income per share	$ 0.53	$ 0.64
Fully diluted income per share	0.53	0.63
Dividends declared per common share	$ 0.85	$ 0.80
Comprehensive income, net of taxes	$ 27,417	$ 32,631

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash Flows from Operating Activities:
Net income	$ 27,339	$ 32,620
Amounts to reconcile net income to net cash flows provided by operating activities:
Provision (benefit) for deferred income taxes	1,779	(187)
Depreciation and amortization	28,666	27,637
Amortization of deferred financing costs	1,415	1,263
Stock-based compensation expense	1,923	1,569
Changes in:
Trade receivables	(8,733)	(19,016)
Accounts payable and accrued liabilities	(11,385)	(8,261)
Other assets and liabilities	2,924	2,696
Net cash flows provided by operating activities	43,928	38,321
Cash Flows from Investing Activities:
Purchases of property and equipment	(47,588)	(37,710)
Investment in Gaylord Rockies joint venture		(16,309)
Investment in other joint ventures	(1,560)	(925)
Other investing activities	(2,655)	(1,766)
Net cash flows used in investing activities	(51,803)	(56,710)
Cash Flows from Financing Activities:
Net borrowings (repayments) under revolving credit facility	56,500	34,000
Repayments under term loan B		(1,000)
Payment of dividends	(41,000)	(38,900)
Payment of tax withholdings for share-based compensation	(602)	(3,741)
Other financing activities	(6)	23
Net cash flows provided by (used in) financing activities	14,892	(9,618)
Net change in cash, cash equivalents, and restricted cash	7,017	(28,007)
Cash, cash equivalents, and restricted cash, beginning of period	78,710	81,190
Cash, cash equivalents, and restricted cash, end of period	85,727	53,183
Reconciliation of cash, cash equivalents, and restricted cash to balance sheet:
Cash and cash equivalents - unrestricted	59,040	33,979
Cash and cash equivalents - restricted	26,687	19,204
Cash, cash equivalents, and restricted cash, end of period	$ 85,727	$ 53,183

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2018
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 real estate investment trust (“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 hotel assets managed by Marriott include 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. The Company also owns a 35% interest in a joint venture that is developing and will own Gaylord Rockies Resort & Convention Center near Denver, Colorado (“Gaylord Rockies”), which will be managed by Marriott upon its planned opening in late 2018. The Company also owns 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; WSM-AM, 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 from this report 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 The Company conducts its business through an umbrella partnership REIT, in which 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. 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 a co-issuer 10-Q The Company principally operates, through its subsidiaries and its property managers, as applicable, in the following business segments: Hospitality, Entertainment, and Corporate and Other. 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 day-to-day 10-Q In February 2016, the FASB issued ASU No. 2016-02, Leases 75-year 10-K In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses – Measurement of Credit Losses on Financial Instruments held-to-maturity In November 2016, the FASB issued ASU No. 2016-18, Restricted Cash In March 2017, the FASB issued ASU No. 2017-07, Compensation – Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost

Revenues

Revenues	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenues	2. REVENUES: Revenues from occupied hotel rooms are recognized over time as the daily hotel stay is provided to hotel groups and guests. Revenues from concessions, food and beverage sales, and group meeting services are recognized over the period or at the point in time those goods or services are delivered to the hotel group or guest. Revenues from ancillary services at the Company’s hotels, such as spa, parking, and transportation services, are generally recognized at the time the goods or services are provided. Cancellation fees and attrition fees, which are charged to groups when they do not fulfill the minimum number of room nights or minimum food and beverage spending requirements originally contracted for, are recognized as revenue in the period the Company determines it is probable that a significant reversal in the amount of revenue recognized will not occur, which is the period these fees are collected. The Company generally recognizes revenues from the Entertainment segment at the point in time that services are provided or goods are delivered or shipped to the customer, as applicable. Almost all of the Company’s revenues are either cash-based or, for meeting and convention groups who meet the Company’s credit criteria, billed and collected on a short-term receivables basis. The Company is required to collect certain taxes from customers on behalf of government agencies and remit these to the applicable governmental entity on a periodic basis. These taxes are collected from customers at the time of purchase, but are not included in revenue. The Company records a liability upon collection of such taxes from the customer and relieves the liability when payments are remitted to the applicable governmental agency. The Company’s revenues disaggregated by major source are as follows (in thousands): Three Months Ended March 31, 2018 2017 Hotel group rooms $ 83,217 $ 80,746 Hotel transient rooms 24,347 22,623 Hotel food and beverage - banquets 96,268 91,200 Hotel food and beverage - outlets 36,671 34,969 Hotel other 24,608 24,616 Entertainment admissions/ticketing 10,860 9,620 Entertainment food and beverage 6,581 6,124 Entertainment retail and other 5,818 6,144 Total revenues $ 288,370 $ 276,042 The Company’s Hospitality segment revenues disaggregated by location are as follows (in thousands): Three Months Ended March 31, 2018 2017 Gaylord Opryland $ 82,745 $ 74,962 Gaylord Palms 57,896 54,197 Gaylord Texan 58,357 56,745 Gaylord National 60,756 62,457 AC Hotel 2,371 2,459 Inn at Opryland and other 2,986 3,334 Total Hospitality segment revenues $ 265,111 $ 254,154 Almost all of the Company’s Entertainment segment revenues are concentrated in Nashville, Tennessee. The Company records deferred revenues when cash payments are received in advance of its performance obligations, primarily related to advanced deposits on hotel rooms in its Hospitality segment and advanced ticketing in its Entertainment segment. At March 31, 2018 and December 31, 2017, the Company had $63.9 million and $51.2 million, respectively, in deferred revenues, which are included in accounts payable and accrued liabilities in the accompanying condensed consolidated balance sheets. Of the amount outstanding at December 31, 2017, approximately $34.3 million was recognized in revenue during the three months ended March 31, 2018.

Income Per Share

Income Per Share	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 2017 Weighted average shares outstanding - basic 51,214 51,045 Effect of dilutive stock-based compensation 259 328 Weighted average shares outstanding - diluted 51,473 51,373

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Accumulated Other Comprehensive Loss	4. ACCUMULATED OTHER COMPREHENSIVE LOSS: The Company’s balance in accumulated other comprehensive loss is comprised of amounts related to the Company’s minimum pension liability and amounts related to an other-than-temporary impairment of a held-to-maturity 10-Q 10-K Minimum Other-Than- Total Balance, December 31, 2017 $ (20,149 ) $ (6,543 ) $ (26,692 ) Unrealized gains (losses) arising during period — — — Amounts reclassified from accumulated other comprehensive loss (9 ) 83 74 Income tax benefit 4 — 4 Net other comprehensive income (loss) (5 ) 83 78 Balance, March 31, 2018 $ (20,154 ) $ (6,460 ) $ (26,614 ) Minimum Other-Than- Total Balance, December 31, 2016 $ (22,268 ) $ — $ (22,268 ) Unrealized gains arising during period — — — Amounts reclassified from accumulated other comprehensive loss 11 — 11 Income tax expense — — — Net other comprehensive income 11 — 11 Balance, March 31, 2017 $ (22,257 ) $ — $ (22,257 )

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Property and Equipment	5. PROPERTY AND EQUIPMENT: Property and equipment at March 31, 2018 and December 31, 2017 is recorded at cost and summarized as follows (in thousands): March 31, December 31, 2018 2017 Land and land improvements $ 267,427 $ 267,051 Buildings 2,445,053 2,440,471 Furniture, fixtures and equipment 655,045 647,988 Construction-in-progress 171,164 138,702 3,538,689 3,494,212 Accumulated depreciation (1,453,502 ) (1,428,555 ) Property and equipment, net $ 2,085,187 $ 2,065,657

Notes Receivable

Notes Receivable	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
Notes Receivable	6. NOTES RECEIVABLE: As further discussed in the Company’s Annual Report on Form 10-K During the three months ended March 31, 2018 and 2017, the Company recorded interest income of $2.7 million and $2.9 million, respectively, on these bonds. The Company received payments of $3.1 million and $3.2 million during the three months ended March 31, 2018 and 2017, respectively, relating to these notes receivable.

Debt

Debt	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Debt	7. DEBT: The Company’s debt and capital lease obligations at March 31, 2018 and December 31, 2017 consisted of (in thousands): March 31, December 31, 2018 2017 $700 Million Revolving Credit Facility, interest at LIBOR plus 1.55%, maturing May 23, 2021, less unamortized deferred financing costs of $8,456 and $9,076 $ 219,044 $ 161,924 $200 Million Term Loan A, interest at LIBOR plus 1.50%, maturing May 23, 2022, less unamortized deferred financing costs of $1,474 and $1,557 198,526 198,443 $500 Million Term Loan B, interest at LIBOR plus 2.25%, maturing May 11, 2024, less unamortized deferred financing costs of $7,330 and $7,595 488,920 488,655 $350 Million Senior Notes, interest at 5.0%, maturing April 15, 2021, less unamortized deferred financing costs of $3,101 and $3,340 346,899 346,660 $400 Million Senior Notes, interest at 5.0%, maturing April 15, 2023, less unamortized deferred financing costs of $4,721 and $4,929 395,279 395,071 Capital lease obligations 634 639 Total debt $ 1,649,302 $ 1,591,392 The majority of amounts due within one year consist of the amortization payments for the $500 Million Term Loan B of 1.0% of the original principal balance, as described in the Company’s Annual Report on Form 10-K For descriptions of the Company’s outstanding debt obligations, see “Principal Debt Agreements” within “Liquidity and Capital Resources” in Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in this Quarterly Report on Form 10-Q. At March 31, 2018, the Company was in compliance with all of its covenants related to its outstanding debt.

Deferred Management Rights Proc

Deferred Management Rights Proceeds	3 Months Ended
	Mar. 31, 2018
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Management Rights Proceeds	8. DEFERRED MANAGEMENT RIGHTS PROCEEDS: On October 1, 2012, the Company consummated its agreement to sell the Gaylord Hotels brand (the “IP Rights”) and rights to manage the Gaylord Hotels properties (the “Management Rights”) to Marriott for $210.0 million in cash. Effective October 1, 2012, Marriott assumed responsibility for managing the day-to-day 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

Stock Plans

Stock Plans	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Plans	9. STOCK PLANS: During the three months ended March 31, 2018, the Company granted 0.1 million restricted stock units with a weighted-average grant date fair value of $70.39 per award. There were 0.4 million restricted stock units outstanding at March 31, 2018 and December 31, 2017. The compensation expense that has been charged against pre-tax

Pension and Postretirement Bene

Pension and Postretirement Benefits Other Than Pension Plans	3 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
Pension and Postretirement Benefits Other Than Pension Plans	10. PENSION AND POSTRETIREMENT BENEFITS OTHER THAN PENSION PLANS: Net periodic pension (income) expense reflected in the accompanying condensed consolidated statements of operations included the following components for the respective periods (in thousands): Three Months Ended March 31, 2018 2017 Interest cost $ 811 $ 914 Expected return on plan assets (1,102 ) (1,036 ) Amortization of net actuarial loss 255 282 Total net periodic pension (income) expense $ (36 ) $ 160 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 March 31, 2018 2017 Interest cost $ 24 $ 26 Amortization of net actuarial loss 64 57 Amortization of prior service credit (328 ) (328 ) Total net postretirement benefit income $ (240 ) $ (245 )

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	11. 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 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, 2018 and 2017, the Company recorded an income tax provision of $2.2 million and $0.6 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 in both periods and the change in valuation allowance required at the TRSs for the three months ended March 31, 2017. On December 22, 2017, the Tax Cuts and Jobs Act (“TCJA”) was enacted and included a reduction to the U.S. federal corporate income tax rate from 35% to 21% for tax years beginning after December 31, 2017. The Company has not fully completed its accounting for the income tax effects of the TCJA. As discussed in SEC Staff Accounting Bulletin No. 118, the accounting for the TCJA should be completed within one year from enactment. During the three months ended March 31, 2018, the Company has made no adjustments to the provisional amounts recorded at December 31, 2017. Any adjustments to the provisional amounts recorded at December 31, 2017 will be reflected upon the completion of the Company’s accounting for the TCJA. At March 31, 2018 and December 31, 2017, the Company had no unrecognized tax benefits.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. COMMITMENTS AND CONTINGENCIES: The Company owns a 35% interest in a joint venture that is developing and owns Gaylord Rockies, which is expected to open in late 2018. In connection with the agreements, the Company agreed to provide guarantees of the hotel’s construction loan, including a principal repayment guarantee 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 guarantee 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 guarantees related to the construction loan, the Company agreed to provide a guarantee of the mezzanine debt related to the hotel including a payment guarantee 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 guarantees and liens. The guarantee related to the mezzanine debt also includes an uncapped completion guarantee and an uncapped guarantee 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 guarantees related to the construction loan. As of March 31, 2018, the Company had not recorded any liability in the consolidated balance sheet associated with these guarantees. 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, 2018
Equity [Abstract]
Stockholders' Equity	13. STOCKHOLDERS’ EQUITY: On February 23, 2018, the Company’s board of directors declared the Company’s first quarter 2018 cash dividend in the amount of $0.85 per share of common stock, or an aggregate of approximately $43.6 million in cash, which was paid on April 16, 2018 to stockholders of record as of the close of business on March 30, 2018.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	14. 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, 2018 and December 31, 2017, 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 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, 2018 and December 31, 2017. The Company’s assets measured at fair value on a recurring basis at March 31, 2018 and December 31, 2017, were as follows (in thousands): March 31, 2018 Markets for Observable (Level 2) Unobservable (Level 3) Deferred compensation plan investments $ 25,215 $ 25,215 $ — $ — Total assets measured at fair value $ 25,215 $ 25,215 $ — $ — December 31, Markets for Observable Unobservable (Level 3) Deferred compensation plan investments $ 25,055 $ 25,055 $ — $ — Total assets measured at fair value $ 25,055 $ 25,055 $ — $ — The remainder of the assets and liabilities held by the Company at March 31, 2018 are not required to be recorded at fair value, and the carrying value of these assets and liabilities approximate fair value.

Financial Reporting By Business

Financial Reporting By Business Segments	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Financial Reporting By Business Segments	15. FINANCIAL REPORTING BY BUSINESS SEGMENTS: The Company’s operations are organized into three principal business segments: • Hospitality • Entertainment WSM-AM, • 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, 2018 2017 Revenues: Hospitality $ 265,111 $ 254,154 Entertainment 23,259 21,888 Corporate and Other — — Total $ 288,370 $ 276,042 Depreciation and amortization: Hospitality $ 26,200 $ 25,178 Entertainment 1,957 1,908 Corporate and Other 509 551 Total $ 28,666 $ 27,637 Operating income: Hospitality $ 54,993 $ 52,022 Entertainment 1,936 3,129 Corporate and Other (8,838 ) (7,960 ) Preopening costs (2,147 ) (216 ) Total operating income 45,944 46,975 Interest expense (16,729 ) (15,864 ) Interest income 2,753 2,948 Loss from joint ventures (2,588 ) (774 ) Other gains and (losses), net 168 (72 ) Income before income taxes $ 29,548 $ 33,213

Information Concerning Guaranto

Information Concerning Guarantor and Non-Guarantor Subsidiaries	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Information Concerning Guarantor and Non-Guarantor Subsidiaries	16. INFORMATION CONCERNING GUARANTOR AND NON-GUARANTOR 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 Amended Credit Agreement (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 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, 2018 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated ASSETS: Property and equipment, net of accumulated depreciation $ — $ — $ 1,655,478 $ 429,709 $ — $ 2,085,187 Cash and cash equivalents - unrestricted 79 251 35 58,675 — 59,040 Cash and cash equivalents - restricted — — — 26,687 — 26,687 Notes receivable — — — 111,046 — 111,046 Investment in Gaylord Rockies joint venture — — — 88,717 — 88,717 Trade receivables, less allowance — — — 66,253 — 66,253 Deferred income tax assets, net — — 106 48,236 — 48,342 Prepaid expenses and other assets — — 7,534 74,922 (8,550 ) 73,906 Intercompany receivables, net — — 1,737,603 — (1,737,603 ) — Investments 995,557 2,890,033 650,801 1,384,811 (5,921,202 ) — Total assets $ 995,636 $ 2,890,284 $ 4,051,557 $ 2,289,056 $ (7,667,355 ) $ 2,559,178 LIABILITIES AND STOCKHOLDERS’ EQUITY: Debt and capital lease obligations $ — $ 1,648,668 $ — $ 634 $ — $ 1,649,302 Accounts payable and accrued liabilities 107 20,799 10,003 149,800 (8,550 ) 172,159 Dividends payable 44,878 — — — — 44,878 Deferred management rights proceeds — — — 176,299 — 176,299 Other liabilities — — 96,325 60,292 — 156,617 Intercompany payables, net 590,728 885,656 — 261,219 (1,737,603 ) — Commitments and contingencies Stockholders’ equity: Preferred stock — — — — — — Common stock 513 1 1 2,387 (2,389 ) 513 Additional paid-in-capital 895,157 630,670 2,835,468 2,093,817 (5,559,955 ) 895,157 Treasury stock (13,707 ) — — — — (13,707 ) Accumulated deficit (495,426 ) (295,510 ) 1,109,760 (428,778 ) (385,472 ) (495,426 ) Accumulated other comprehensive loss (26,614 ) — — (26,614 ) 26,614 (26,614 ) Total stockholders’ equity 359,923 335,161 3,945,229 1,640,812 (5,921,202 ) 359,923 Total liabilities and stockholders’ equity $ 995,636 $ 2,890,284 $ 4,051,557 $ 2,289,056 $ (7,667,355 ) $ 2,559,178 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2017 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated ASSETS: Property and equipment, net of accumulated depreciation $ — $ — $ 1,640,274 $ 425,383 $ — $ 2,065,657 Cash and cash equivalents - unrestricted 38 759 36 56,724 — 57,557 Cash and cash equivalents - restricted — — — 21,153 — 21,153 Notes receivable — — — 111,423 — 111,423 Investment in Gaylord Rockies joint venture — — — 88,685 — 88,685 Trade receivables, less allowance — — — 57,520 — 57,520 Deferred income tax assets, net — — (301 ) 50,418 — 50,117 Prepaid expenses and other assets — — 5 72,111 — 72,116 Intercompany receivables, net — — 1,717,157 — (1,717,157 ) — Investments 1,006,461 2,890,032 651,006 1,364,814 (5,912,313 ) — Total assets $ 1,006,499 $ 2,890,791 $ 4,008,177 $ 2,248,231 $ (7,629,470 ) $ 2,524,228 LIABILITIES AND STOCKHOLDERS’ EQUITY: Debt and capital lease obligations $ — $ 1,590,753 $ — $ 639 $ — $ 1,591,392 Accounts payable and accrued liabilities 150 11,180 15,795 152,524 — 179,649 Dividends payable 42,129 — — — — 42,129 Deferred management rights proceeds — — — 177,057 — 177,057 Other liabilities — — 95,078 60,767 — 155,845 Intercompany payables, net 586,064 895,408 — 235,685 (1,717,157 ) — Commitments and contingencies Stockholders’ equity: Preferred stock — — — — — — Common stock 512 1 1 2,387 (2,389 ) 512 Additional paid-in-capital 896,759 671,875 2,835,468 2,073,818 (5,581,161 ) 896,759 Treasury stock (13,253 ) — — — — (13,253 ) Accumulated deficit (479,170 ) (278,426 ) 1,061,835 (427,954 ) (355,455 ) (479,170 ) Accumulated other comprehensive loss (26,692 ) — — (26,692 ) 26,692 (26,692 ) Total stockholders’ equity 378,156 393,450 3,897,304 1,621,559 (5,912,313 ) 378,156 Total liabilities and stockholders’ equity $ 1,006,499 $ 2,890,791 $ 4,008,177 $ 2,248,231 $ (7,629,470 ) $ 2,524,228 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended March 31, 2018 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 107,564 $ — $ 107,564 Food and beverage — — — 132,939 — 132,939 Other hotel revenue — — 76,243 29,238 (80,873 ) 24,608 Entertainment — — — 23,283 (24 ) 23,259 Total revenues — — 76,243 293,024 (80,897 ) 288,370 Operating expenses: Rooms — — — 28,928 — 28,928 Food and beverage — — — 71,978 — 71,978 Other hotel expenses — — 11,827 140,187 (76,132 ) 75,882 Management fees, net — — — 7,130 — 7,130 Total hotel operating expenses — — 11,827 248,223 (76,132 ) 183,918 Entertainment — — — 19,390 (24 ) 19,366 Corporate 63 361 — 7,905 — 8,329 Preopening costs — — — 2,147 — 2,147 Corporate overhead allocation 2,615 — 2,126 — (4,741 ) — Depreciation and amortization — — 14,730 13,936 — 28,666 Total operating expenses 2,678 361 28,683 291,601 (80,897 ) 242,426 Operating income (loss) (2,678 ) (361 ) 47,560 1,423 — 45,944 Interest expense — (16,723 ) — (6 ) — (16,729 ) Interest income — — — 2,753 — 2,753 Loss from joint ventures — — — (2,588 ) — (2,588 ) Other gains and (losses), net — — — 168 — 168 Income (loss) before income taxes (2,678 ) (17,084 ) 47,560 1,750 — 29,548 (Provision) benefit for income taxes — — 365 (2,574 ) — (2,209 ) Equity in subsidiaries’ earnings, net 30,017 — — — (30,017 ) — Net income (loss) $ 27,339 $ (17,084 ) $ 47,925 $ (824 ) $ (30,017 ) $ 27,339 Comprehensive income (loss) $ 27,417 $ (17,084 ) $ 47,925 $ (746 ) $ (30,095 ) $ 27,417 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended March 31, 2017 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 103,369 $ — $ 103,369 Food and beverage — — — 126,169 — 126,169 Other hotel revenue — — 79,494 28,433 (83,311 ) 24,616 Entertainment — — — 21,912 (24 ) 21,888 Total revenues — — 79,494 279,883 (83,335 ) 276,042 Operating expenses: Rooms — — — 28,028 — 28,028 Food and beverage — — — 69,157 — 69,157 Other hotel expenses — — 11,947 141,676 (79,385 ) 74,238 Management fees, net — — — 5,531 — 5,531 Total hotel operating expenses — — 11,947 244,392 (79,385 ) 176,954 Entertainment — — — 16,875 (24 ) 16,851 Corporate 45 406 1 6,957 — 7,409 Preopening — — — 216 — 216 Corporate overhead allocation 2,196 — 1,730 — (3,926 ) — Depreciation and amortization — — 14,807 12,830 — 27,637 Total operating expenses 2,241 406 28,485 281,270 (83,335 ) 229,067 Operating income (loss) (2,241 ) (406 ) 51,009 (1,387 ) — 46,975 Interest expense — (15,857 ) — (7 ) — (15,864 ) Interest income — — — 2,948 — 2,948 Loss from joint ventures — — — (774 ) — (774 ) Other gains and (losses), net — — — (72 ) — (72 ) Income (loss) before income taxes (2,241 ) (16,263 ) 51,009 708 — 33,213 (Provision) benefit for income taxes — — 18 (611 ) — (593 ) Equity in subsidiaries’ earnings, net 34,861 — — — (34,861 ) — Net income (loss) $ 32,620 $ (16,263 ) $ 51,027 $ 97 $ (34,861 ) $ 32,620 Comprehensive income (loss) $ 32,631 $ (16,263 ) $ 51,027 $ 108 $ (34,872 ) $ 32,631 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended March 31, 2018 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Net cash provided by (used in) operating activities $ 41,643 $ (57,008 ) $ 29,680 $ 29,613 $ — $ 43,928 Purchases of property and equipment — — (29,681 ) (17,907 ) — (47,588 ) Investment in other joint ventures — — — (1,560 ) — (1,560 ) Other investing activities — — — (2,655 ) — (2,655 ) Net cash used in investing activities — — (29,681 ) (22,122 ) — (51,803 ) Net borrowings under revolving credit facility — 56,500 — — — 56,500 Payment of dividends (41,000 ) — — — — (41,000 ) Payment of tax withholdings for share-based compensation (602 ) — — — — (602 ) Other financing activities — — — (6 ) — (6 ) Net cash provided by (used in) financing activities (41,602 ) 56,500 — (6 ) — 14,892 Net change in cash, cash equivalents, and restricted cash 41 (508 ) (1 ) 7,485 — 7,017 Cash, cash equivalents, and restricted cash, beginning of period 38 759 36 77,877 — 78,710 Cash, cash equivalents, and restricted cash, end of period $ 79 $ 251 $ 35 $ 85,362 $ — $ 85,727 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended March 31, 2017 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Net cash provided by (used in) operating activities $ 42,645 $ (33,496 ) $ 14,345 $ 14,827 $ — $ 38,321 Purchases of property and equipment — — (13,196 ) (24,514 ) — (37,710 ) Investment in Gaylord Rockies joint venture — — — (16,309 ) — (16,309 ) Investment in other joint ventures — — — (925 ) — (925 ) Other investing activities — — — (1,766 ) — (1,766 ) Net cash used in investing activities — — (13,196 ) (43,514 ) — (56,710 ) Net borrowings under revolving credit facility — 34,000 — — — 34,000 Repayments under term loan B — (1,000 ) — — — (1,000 ) Payment of dividends (38,900 ) — — — — (38,900 ) Payment of tax withholdings for share-based compensation (3,741 ) — — — — (3,741 ) Other financing activities 28 — — (5 ) — 23 Net cash provided by (used in) financing activities (42,613 ) 33,000 — (5 ) — (9,618 ) Net change in cash, cash equivalents and restricted cash 32 (496 ) 1,149 (28,692 ) — (28,007 ) Cash, cash equivalents and restricted cash, beginning of period 28 1,234 23 79,905 — 81,190 Cash, cash equivalents and restricted cash, end of period $ 60 $ 738 $ 1,172 $ 51,213 $ — $ 53,183

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2018
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 day-to-day 10-Q In February 2016, the FASB issued ASU No. 2016-02, Leases 75-year 10-K In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses – Measurement of Credit Losses on Financial Instruments held-to-maturity In November 2016, the FASB issued ASU No. 2016-18, Restricted Cash In March 2017, the FASB issued ASU No. 2017-07, Compensation – Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost
Revenue Recognition	Revenues from occupied hotel rooms are recognized over time as the daily hotel stay is provided to hotel groups and guests. Revenues from concessions, food and beverage sales, and group meeting services are recognized over the period or at the point in time those goods or services are delivered to the hotel group or guest. Revenues from ancillary services at the Company’s hotels, such as spa, parking, and transportation services, are generally recognized at the time the goods or services are provided. Cancellation fees and attrition fees, which are charged to groups when they do not fulfill the minimum number of room nights or minimum food and beverage spending requirements originally contracted for, are recognized as revenue in the period the Company determines it is probable that a significant reversal in the amount of revenue recognized will not occur, which is the period these fees are collected. The Company generally recognizes revenues from the Entertainment segment at the point in time that services are provided or goods are delivered or shipped to the customer, as applicable. Almost all of the Company’s revenues are either cash-based or, for meeting and convention groups who meet the Company’s credit criteria, billed and collected on a short-term receivables basis. The Company is required to collect certain taxes from customers on behalf of government agencies and remit these to the applicable governmental entity on a periodic basis. These taxes are collected from customers at the time of purchase, but are not included in revenue. The Company records a liability upon collection of such taxes from the customer and relieves the liability when payments are remitted to the applicable governmental agency.

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenues Disaggregated by Major Source	The Company’s revenues disaggregated by major source are as follows (in thousands): Three Months Ended March 31, 2018 2017 Hotel group rooms $ 83,217 $ 80,746 Hotel transient rooms 24,347 22,623 Hotel food and beverage - banquets 96,268 91,200 Hotel food and beverage - outlets 36,671 34,969 Hotel other 24,608 24,616 Entertainment admissions/ticketing 10,860 9,620 Entertainment food and beverage 6,581 6,124 Entertainment retail and other 5,818 6,144 Total revenues $ 288,370 $ 276,042
Hospitality Segment Revenues Disaggregated by Location	The Company’s Hospitality segment revenues disaggregated by location are as follows (in thousands): Three Months Ended March 31, 2018 2017 Gaylord Opryland $ 82,745 $ 74,962 Gaylord Palms 57,896 54,197 Gaylord Texan 58,357 56,745 Gaylord National 60,756 62,457 AC Hotel 2,371 2,459 Inn at Opryland and other 2,986 3,334 Total Hospitality segment revenues $ 265,111 $ 254,154

Income Per Share (Tables)

Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 2017 Weighted average shares outstanding - basic 51,214 51,045 Effect of dilutive stock-based compensation 259 328 Weighted average shares outstanding - diluted 51,473 51,373

Accumulated Other Comprehensi25

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Summary of Changes in Accumulated Other Comprehensive Loss by Component	Changes in accumulated other comprehensive loss by component for the three months ended March 31, 2018 and 2017 consisted of the following (in thousands): Minimum Other-Than- Total Balance, December 31, 2017 $ (20,149 ) $ (6,543 ) $ (26,692 ) Unrealized gains (losses) arising during period — — — Amounts reclassified from accumulated other comprehensive loss (9 ) 83 74 Income tax benefit 4 — 4 Net other comprehensive income (loss) (5 ) 83 78 Balance, March 31, 2018 $ (20,154 ) $ (6,460 ) $ (26,614 ) Minimum Other-Than- Total Balance, December 31, 2016 $ (22,268 ) $ — $ (22,268 ) Unrealized gains arising during period — — — Amounts reclassified from accumulated other comprehensive loss 11 — 11 Income tax expense — — — Net other comprehensive income 11 — 11 Balance, March 31, 2017 $ (22,257 ) $ — $ (22,257 )

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment at March 31, 2018 and December 31, 2017 is recorded at cost and summarized as follows (in thousands): March 31, December 31, 2018 2017 Land and land improvements $ 267,427 $ 267,051 Buildings 2,445,053 2,440,471 Furniture, fixtures and equipment 655,045 647,988 Construction-in-progress 171,164 138,702 3,538,689 3,494,212 Accumulated depreciation (1,453,502 ) (1,428,555 ) Property and equipment, net $ 2,085,187 $ 2,065,657

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Summary of Debt and Capital Lease Obligations	The Company’s debt and capital lease obligations at March 31, 2018 and December 31, 2017 consisted of (in thousands): March 31, December 31, 2018 2017 $700 Million Revolving Credit Facility, interest at LIBOR plus 1.55%, maturing May 23, 2021, less unamortized deferred financing costs of $8,456 and $9,076 $ 219,044 $ 161,924 $200 Million Term Loan A, interest at LIBOR plus 1.50%, maturing May 23, 2022, less unamortized deferred financing costs of $1,474 and $1,557 198,526 198,443 $500 Million Term Loan B, interest at LIBOR plus 2.25%, maturing May 11, 2024, less unamortized deferred financing costs of $7,330 and $7,595 488,920 488,655 $350 Million Senior Notes, interest at 5.0%, maturing April 15, 2021, less unamortized deferred financing costs of $3,101 and $3,340 346,899 346,660 $400 Million Senior Notes, interest at 5.0%, maturing April 15, 2023, less unamortized deferred financing costs of $4,721 and $4,929 395,279 395,071 Capital lease obligations 634 639 Total debt $ 1,649,302 $ 1,591,392

Pension and Postretirement Be28

Pension and Postretirement Benefits Other Than Pension Plans (Tables)	3 Months Ended
	Mar. 31, 2018
Pension Plan [Member]
Net Periodic Pension and Postretirement Benefit (Income) Expense	Net periodic pension (income) expense reflected in the accompanying condensed consolidated statements of operations included the following components for the respective periods (in thousands): Three Months Ended March 31, 2018 2017 Interest cost $ 811 $ 914 Expected return on plan assets (1,102 ) (1,036 ) Amortization of net actuarial loss 255 282 Total net periodic pension (income) expense $ (36 ) $ 160
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 March 31, 2018 2017 Interest cost $ 24 $ 26 Amortization of net actuarial loss 64 57 Amortization of prior service credit (328 ) (328 ) Total net postretirement benefit income $ (240 ) $ (245 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Assets Measured at Fair Value on Recurring Basis	The Company had no liabilities required to be measured at fair value at March 31, 2018 and December 31, 2017. The Company’s assets measured at fair value on a recurring basis at March 31, 2018 and December 31, 2017, were as follows (in thousands): March 31, 2018 Markets for Observable (Level 2) Unobservable (Level 3) Deferred compensation plan investments $ 25,215 $ 25,215 $ — $ — Total assets measured at fair value $ 25,215 $ 25,215 $ — $ — December 31, Markets for Observable Unobservable (Level 3) Deferred compensation plan investments $ 25,055 $ 25,055 $ — $ — Total assets measured at fair value $ 25,055 $ 25,055 $ — $ —

Financial Reporting By Busine30

Financial Reporting By Business Segments (Tables)	3 Months Ended
	Mar. 31, 2018
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, 2018 2017 Revenues: Hospitality $ 265,111 $ 254,154 Entertainment 23,259 21,888 Corporate and Other — — Total $ 288,370 $ 276,042 Depreciation and amortization: Hospitality $ 26,200 $ 25,178 Entertainment 1,957 1,908 Corporate and Other 509 551 Total $ 28,666 $ 27,637 Operating income: Hospitality $ 54,993 $ 52,022 Entertainment 1,936 3,129 Corporate and Other (8,838 ) (7,960 ) Preopening costs (2,147 ) (216 ) Total operating income 45,944 46,975 Interest expense (16,729 ) (15,864 ) Interest income 2,753 2,948 Loss from joint ventures (2,588 ) (774 ) Other gains and (losses), net 168 (72 ) Income before income taxes $ 29,548 $ 33,213

Information Concerning Guaran31

Information Concerning Guarantor and Non-Guarantor Subsidiaries (Tables)	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET March 31, 2018 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated ASSETS: Property and equipment, net of accumulated depreciation $ — $ — $ 1,655,478 $ 429,709 $ — $ 2,085,187 Cash and cash equivalents - unrestricted 79 251 35 58,675 — 59,040 Cash and cash equivalents - restricted — — — 26,687 — 26,687 Notes receivable — — — 111,046 — 111,046 Investment in Gaylord Rockies joint venture — — — 88,717 — 88,717 Trade receivables, less allowance — — — 66,253 — 66,253 Deferred income tax assets, net — — 106 48,236 — 48,342 Prepaid expenses and other assets — — 7,534 74,922 (8,550 ) 73,906 Intercompany receivables, net — — 1,737,603 — (1,737,603 ) — Investments 995,557 2,890,033 650,801 1,384,811 (5,921,202 ) — Total assets $ 995,636 $ 2,890,284 $ 4,051,557 $ 2,289,056 $ (7,667,355 ) $ 2,559,178 LIABILITIES AND STOCKHOLDERS’ EQUITY: Debt and capital lease obligations $ — $ 1,648,668 $ — $ 634 $ — $ 1,649,302 Accounts payable and accrued liabilities 107 20,799 10,003 149,800 (8,550 ) 172,159 Dividends payable 44,878 — — — — 44,878 Deferred management rights proceeds — — — 176,299 — 176,299 Other liabilities — — 96,325 60,292 — 156,617 Intercompany payables, net 590,728 885,656 — 261,219 (1,737,603 ) — Commitments and contingencies Stockholders’ equity: Preferred stock — — — — — — Common stock 513 1 1 2,387 (2,389 ) 513 Additional paid-in-capital 895,157 630,670 2,835,468 2,093,817 (5,559,955 ) 895,157 Treasury stock (13,707 ) — — — — (13,707 ) Accumulated deficit (495,426 ) (295,510 ) 1,109,760 (428,778 ) (385,472 ) (495,426 ) Accumulated other comprehensive loss (26,614 ) — — (26,614 ) 26,614 (26,614 ) Total stockholders’ equity 359,923 335,161 3,945,229 1,640,812 (5,921,202 ) 359,923 Total liabilities and stockholders’ equity $ 995,636 $ 2,890,284 $ 4,051,557 $ 2,289,056 $ (7,667,355 ) $ 2,559,178 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2017 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated ASSETS: Property and equipment, net of accumulated depreciation $ — $ — $ 1,640,274 $ 425,383 $ — $ 2,065,657 Cash and cash equivalents - unrestricted 38 759 36 56,724 — 57,557 Cash and cash equivalents - restricted — — — 21,153 — 21,153 Notes receivable — — — 111,423 — 111,423 Investment in Gaylord Rockies joint venture — — — 88,685 — 88,685 Trade receivables, less allowance — — — 57,520 — 57,520 Deferred income tax assets, net — — (301 ) 50,418 — 50,117 Prepaid expenses and other assets — — 5 72,111 — 72,116 Intercompany receivables, net — — 1,717,157 — (1,717,157 ) — Investments 1,006,461 2,890,032 651,006 1,364,814 (5,912,313 ) — Total assets $ 1,006,499 $ 2,890,791 $ 4,008,177 $ 2,248,231 $ (7,629,470 ) $ 2,524,228 LIABILITIES AND STOCKHOLDERS’ EQUITY: Debt and capital lease obligations $ — $ 1,590,753 $ — $ 639 $ — $ 1,591,392 Accounts payable and accrued liabilities 150 11,180 15,795 152,524 — 179,649 Dividends payable 42,129 — — — — 42,129 Deferred management rights proceeds — — — 177,057 — 177,057 Other liabilities — — 95,078 60,767 — 155,845 Intercompany payables, net 586,064 895,408 — 235,685 (1,717,157 ) — Commitments and contingencies Stockholders’ equity: Preferred stock — — — — — — Common stock 512 1 1 2,387 (2,389 ) 512 Additional paid-in-capital 896,759 671,875 2,835,468 2,073,818 (5,581,161 ) 896,759 Treasury stock (13,253 ) — — — — (13,253 ) Accumulated deficit (479,170 ) (278,426 ) 1,061,835 (427,954 ) (355,455 ) (479,170 ) Accumulated other comprehensive loss (26,692 ) — — (26,692 ) 26,692 (26,692 ) Total stockholders’ equity 378,156 393,450 3,897,304 1,621,559 (5,912,313 ) 378,156 Total liabilities and stockholders’ equity $ 1,006,499 $ 2,890,791 $ 4,008,177 $ 2,248,231 $ (7,629,470 ) $ 2,524,228
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, 2018 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 107,564 $ — $ 107,564 Food and beverage — — — 132,939 — 132,939 Other hotel revenue — — 76,243 29,238 (80,873 ) 24,608 Entertainment — — — 23,283 (24 ) 23,259 Total revenues — — 76,243 293,024 (80,897 ) 288,370 Operating expenses: Rooms — — — 28,928 — 28,928 Food and beverage — — — 71,978 — 71,978 Other hotel expenses — — 11,827 140,187 (76,132 ) 75,882 Management fees, net — — — 7,130 — 7,130 Total hotel operating expenses — — 11,827 248,223 (76,132 ) 183,918 Entertainment — — — 19,390 (24 ) 19,366 Corporate 63 361 — 7,905 — 8,329 Preopening costs — — — 2,147 — 2,147 Corporate overhead allocation 2,615 — 2,126 — (4,741 ) — Depreciation and amortization — — 14,730 13,936 — 28,666 Total operating expenses 2,678 361 28,683 291,601 (80,897 ) 242,426 Operating income (loss) (2,678 ) (361 ) 47,560 1,423 — 45,944 Interest expense — (16,723 ) — (6 ) — (16,729 ) Interest income — — — 2,753 — 2,753 Loss from joint ventures — — — (2,588 ) — (2,588 ) Other gains and (losses), net — — — 168 — 168 Income (loss) before income taxes (2,678 ) (17,084 ) 47,560 1,750 — 29,548 (Provision) benefit for income taxes — — 365 (2,574 ) — (2,209 ) Equity in subsidiaries’ earnings, net 30,017 — — — (30,017 ) — Net income (loss) $ 27,339 $ (17,084 ) $ 47,925 $ (824 ) $ (30,017 ) $ 27,339 Comprehensive income (loss) $ 27,417 $ (17,084 ) $ 47,925 $ (746 ) $ (30,095 ) $ 27,417 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended March 31, 2017 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 103,369 $ — $ 103,369 Food and beverage — — — 126,169 — 126,169 Other hotel revenue — — 79,494 28,433 (83,311 ) 24,616 Entertainment — — — 21,912 (24 ) 21,888 Total revenues — — 79,494 279,883 (83,335 ) 276,042 Operating expenses: Rooms — — — 28,028 — 28,028 Food and beverage — — — 69,157 — 69,157 Other hotel expenses — — 11,947 141,676 (79,385 ) 74,238 Management fees, net — — — 5,531 — 5,531 Total hotel operating expenses — — 11,947 244,392 (79,385 ) 176,954 Entertainment — — — 16,875 (24 ) 16,851 Corporate 45 406 1 6,957 — 7,409 Preopening — — — 216 — 216 Corporate overhead allocation 2,196 — 1,730 — (3,926 ) — Depreciation and amortization — — 14,807 12,830 — 27,637 Total operating expenses 2,241 406 28,485 281,270 (83,335 ) 229,067 Operating income (loss) (2,241 ) (406 ) 51,009 (1,387 ) — 46,975 Interest expense — (15,857 ) — (7 ) — (15,864 ) Interest income — — — 2,948 — 2,948 Loss from joint ventures — — — (774 ) — (774 ) Other gains and (losses), net — — — (72 ) — (72 ) Income (loss) before income taxes (2,241 ) (16,263 ) 51,009 708 — 33,213 (Provision) benefit for income taxes — — 18 (611 ) — (593 ) Equity in subsidiaries’ earnings, net 34,861 — — — (34,861 ) — Net income (loss) $ 32,620 $ (16,263 ) $ 51,027 $ 97 $ (34,861 ) $ 32,620 Comprehensive income (loss) $ 32,631 $ (16,263 ) $ 51,027 $ 108 $ (34,872 ) $ 32,631
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, 2018 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Net cash provided by (used in) operating activities $ 41,643 $ (57,008 ) $ 29,680 $ 29,613 $ — $ 43,928 Purchases of property and equipment — — (29,681 ) (17,907 ) — (47,588 ) Investment in other joint ventures — — — (1,560 ) — (1,560 ) Other investing activities — — — (2,655 ) — (2,655 ) Net cash used in investing activities — — (29,681 ) (22,122 ) — (51,803 ) Net borrowings under revolving credit facility — 56,500 — — — 56,500 Payment of dividends (41,000 ) — — — — (41,000 ) Payment of tax withholdings for share-based compensation (602 ) — — — — (602 ) Other financing activities — — — (6 ) — (6 ) Net cash provided by (used in) financing activities (41,602 ) 56,500 — (6 ) — 14,892 Net change in cash, cash equivalents, and restricted cash 41 (508 ) (1 ) 7,485 — 7,017 Cash, cash equivalents, and restricted cash, beginning of period 38 759 36 77,877 — 78,710 Cash, cash equivalents, and restricted cash, end of period $ 79 $ 251 $ 35 $ 85,362 $ — $ 85,727 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended March 31, 2017 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Net cash provided by (used in) operating activities $ 42,645 $ (33,496 ) $ 14,345 $ 14,827 $ — $ 38,321 Purchases of property and equipment — — (13,196 ) (24,514 ) — (37,710 ) Investment in Gaylord Rockies joint venture — — — (16,309 ) — (16,309 ) Investment in other joint ventures — — — (925 ) — (925 ) Other investing activities — — — (1,766 ) — (1,766 ) Net cash used in investing activities — — (13,196 ) (43,514 ) — (56,710 ) Net borrowings under revolving credit facility — 34,000 — — — 34,000 Repayments under term loan B — (1,000 ) — — — (1,000 ) Payment of dividends (38,900 ) — — — — (38,900 ) Payment of tax withholdings for share-based compensation (3,741 ) — — — — (3,741 ) Other financing activities 28 — — (5 ) — 23 Net cash provided by (used in) financing activities (42,613 ) 33,000 — (5 ) — (9,618 ) Net change in cash, cash equivalents and restricted cash 32 (496 ) 1,149 (28,692 ) — (28,007 ) Cash, cash equivalents and restricted cash, beginning of period 28 1,234 23 79,905 — 81,190 Cash, cash equivalents and restricted cash, end of period $ 60 $ 738 $ 1,172 $ 51,213 $ — $ 53,183

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($) $ in Millions	Apr. 01, 2018	Mar. 31, 2018
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Percentage of owned subsidiaries		100.00%
Accounting Standards Update 2014-09 [Member]
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Cumulative prior period adjustment to retained earnings		$ 0.1
Gaylord Rockies Resort and Convention Center [Member]
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Investment percentage		35.00%
Opry City Stage [Member]
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Investment percentage		50.00%
Opry City Stage [Member] | Subsequent Event [Member]
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Investment percentage to be purchased	50.00%

Revenues - Revenues Disaggregat

Revenues - Revenues Disaggregated by Major Source (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disaggregation of Revenue [Line Items]
Total revenues	$ 288,370	$ 276,042
Hotel Group Rooms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	83,217	80,746
Hotel Transient Rooms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	24,347	22,623
Hotel Food And Beverage Banquets [Member]
Disaggregation of Revenue [Line Items]
Total revenues	96,268	91,200
Hotel Food And Beverage Outlets [Member]
Disaggregation of Revenue [Line Items]
Total revenues	36,671	34,969
Other Hotel [Member]
Disaggregation of Revenue [Line Items]
Total revenues	24,608	24,616
Entertainment Admissions And Ticketing [Member]
Disaggregation of Revenue [Line Items]
Total revenues	10,860	9,620
Entertainment Food And Beverage [Member]
Disaggregation of Revenue [Line Items]
Total revenues	6,581	6,124
Entertainment Retail And Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 5,818	$ 6,144

Revenues - Hospitality Segment

Revenues - Hospitality Segment Revenues Disaggregated by Location (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disaggregation of Revenue [Line Items]
Total revenues	$ 288,370	$ 276,042
Hospitality [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Total revenues	265,111	254,154
Hospitality [Member] | Gaylord Opryland [Member]
Disaggregation of Revenue [Line Items]
Total revenues	82,745	74,962
Hospitality [Member] | Gaylord Palms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	57,896	54,197
Hospitality [Member] | Gaylord Texan [Member]
Disaggregation of Revenue [Line Items]
Total revenues	58,357	56,745
Hospitality [Member] | Gaylord National [Member]
Disaggregation of Revenue [Line Items]
Total revenues	60,756	62,457
Hospitality [Member] | AC Hotel [Member]
Disaggregation of Revenue [Line Items]
Total revenues	2,371	2,459
Hospitality [Member] | Inn at Opryland [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 2,986	$ 3,334

Revenues - Additional Informati

Revenues - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Abstract]
Deferred revenues	$ 63.9	$ 51.2
Revenue recognized	$ 34.3

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, 2018	Mar. 31, 2017
Earnings Per Share [Abstract]
Weighted average shares outstanding - basic	51,214	51,045
Effect of dilutive stock-based compensation	259	328
Weighted average shares outstanding - diluted	51,473	51,373

Accumulated Other Comprehensi37

Accumulated Other Comprehensive Loss - Summary of Changes in Accumulated Other Comprehensive Loss by Component (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ (26,692)	$ (22,268)
Unrealized gains (losses) arising during period	0	0
Amounts reclassified from accumulated other comprehensive loss	74	11
Income tax benefit	4
Net other comprehensive income (loss)	78	11
Balance	(26,614)	(22,257)
Minimum Pension Liability [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(20,149)	(22,268)
Unrealized gains (losses) arising during period	0	0
Amounts reclassified from accumulated other comprehensive loss	(9)	11
Income tax benefit	4
Net other comprehensive income (loss)	(5)	11
Balance	(20,154)	(22,257)
Other-Than-Temporary Impairment of Investment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(6,543)
Unrealized gains (losses) arising during period	0	$ 0
Amounts reclassified from accumulated other comprehensive loss	83
Net other comprehensive income (loss)	83
Balance	$ (6,460)

Property and Equipment - Proper

Property and Equipment - Property and Equipment (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	$ 3,538,689	$ 3,494,212
Accumulated depreciation	(1,453,502)	(1,428,555)
Property and equipment, net	2,085,187	2,065,657
Land and land improvements [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	267,427	267,051
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	2,445,053	2,440,471
Furniture, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	655,045	647,988
Construction-in-progress [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	$ 171,164	$ 138,702

Notes Receivable - Additional I

Notes Receivable - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income	$ 2,753	$ 2,948
National Bonds [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income	2,700	2,900
Payment received relating to notes receivables	$ 3,100	$ 3,200
Bonds A Series [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maturity date of notes receivable			Jul. 1, 2034
Bonds B Series [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maturity date of notes receivable			Sep. 1, 2037

Debt - Summary of Debt and Capi

Debt - Summary of Debt and Capital Lease Obligations (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total Debt	$ 1,649,302	$ 1,591,392
$200 Million Term Loan A [Member]
Debt Instrument [Line Items]
Total Debt	198,526	198,443
$500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Total Debt	488,920	488,655
$350 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Total Debt	346,899	346,660
$400 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Total Debt	395,279	395,071
$700 Million Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total Debt	219,044	161,924
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Total Debt	$ 634	$ 639

Debt - Summary of Debt and Ca41

Debt - Summary of Debt and Capital Lease Obligations (Parenthetical) (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
$200 Million Term Loan A [Member]
Debt Instrument [Line Items]
Unamortized deferred financing costs	$ 1,474,000	$ 1,557,000
Maturity date for credit facility	May 23, 2022
Spread rate added to LIBOR	1.50%
Total credit facility	$ 200,000,000
$500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Unamortized deferred financing costs	$ 7,330,000	7,595,000
Maturity date for credit facility	May 11, 2024
Spread rate added to LIBOR	2.25%
Total credit facility	$ 500,000,000
$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	$ 3,101,000	3,340,000
Maturity date for credit facility	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	$ 4,721,000	4,929,000
Maturity date for credit facility	Apr. 15, 2023
$700 Million Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Unamortized deferred financing costs	$ 8,456,000	$ 9,076,000
Maturity date for credit facility	May 23, 2021
Spread rate added to LIBOR	1.55%
Total credit facility	$ 700,000,000

Debt - Additional Information (

Debt - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017
$500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Percentage of amortization of original principal balance	1.00%

Deferred Management Rights Pr43

Deferred Management Rights Proceeds - Additional Information (Detail) - USD ($) $ in Millions	Oct. 01, 2012	Mar. 31, 2018
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

Stock Plans - Additional Inform

Stock Plans - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost on stock-based compensation plans	$ 1.9	$ 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	$ 70.39
Restricted stock award, outstanding	0.4		0.4

Pension Plans - Net Periodic Pe

Pension Plans - Net Periodic Pension (Income) Expense (Detail) - Pension Plan [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 811	$ 914
Expected return on plan assets	(1,102)	(1,036)
Amortization of net actuarial loss	255	282
Total net periodic pension (income) expense	$ (36)	$ 160

Postretirement Benefits Other T

Postretirement Benefits Other Than Pension - Net Periodic Pension and Postretirement Benefit (Income) Expense (Detail) - Other Postretirement Benefit Plan [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 24	$ 26
Amortization of net actuarial loss	64	57
Amortization of prior service credit	(328)	(328)
Total net periodic pension (income) expense	$ (240)	$ (245)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Line Items]
Provision for income taxes	$ 2,209,000	$ 593,000
Corporate income tax rate				35.00%
Unrecognized tax benefits	$ 0			$ 0
Scenario Plan [Member]
Income Tax Disclosure [Line Items]
Corporate income tax rate			21.00%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - Gaylord Rockies Resort and Convention Center [Member]	3 Months Ended
	Mar. 31, 2018USD ($)
Contingencies And Commitments [Line Items]
Maximum repayment guarantee of construction loan and mezzanine debt	$ 21,000,000
Investment percentage	35.00%
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
Estimated pro rata share of interest amount	9,800,000
Guarantee obligations exposure under mezzanine debt	8,750,000
Guarantee Liability	$ 0

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Equity [Abstract]
Cash Dividend on Common Stock	$ 0.85	$ 0.80
Aggregated Dividend Paid	$ 43.6
Dividend payable date declared	Feb. 23, 2018
Common stock Dividend Payable Date	Apr. 16, 2018
Dividend payable date of record	Mar. 30, 2018

Fair Value Measurements - Asset

Fair Value Measurements - Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan investments	$ 25,215	$ 25,055
Total assets measured at fair value	25,215	25,055
Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan investments	25,215	25,055
Total assets measured at fair value	$ 25,215	$ 25,055

Financial Reporting By Busine51

Financial Reporting By Business Segments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018Segment
Segment Reporting [Abstract]
Number of business segments	3

Financial Reporting by Busine52

Financial Reporting by Business Segments - Segments Internal Financial Reports (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting Information [Line Items]
Revenues	$ 288,370	$ 276,042
Depreciation and amortization	28,666	27,637
Preopening costs	(2,147)	(216)
Operating income	45,944	46,975
Interest expense	(16,729)	(15,864)
Interest income	2,753	2,948
Loss from joint ventures	(2,588)	(774)
Other gains and (losses), net	168	(72)
Income before income taxes	29,548	33,213
Operating Segments [Member] | Hospitality [Member]
Segment Reporting Information [Line Items]
Revenues	265,111	254,154
Depreciation and amortization	26,200	25,178
Operating income	54,993	52,022
Operating Segments [Member] | Entertainment [Member]
Segment Reporting Information [Line Items]
Revenues	23,259	21,888
Depreciation and amortization	1,957	1,908
Operating income	1,936	3,129
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	509	551
Operating income	$ (8,838)	$ (7,960)

Information Concerning Guaran53

Information Concerning Guarantor and Non-Guarantor Subsidiaries - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018USD ($)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 Guaran54

Information Concerning Guarantor and Non-Guarantor Subsidiaries - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
ASSETS:
Property and equipment, net of accumulated depreciation	$ 2,085,187	$ 2,065,657
Cash and cash equivalents - unrestricted	59,040	57,557	$ 33,979
Cash and cash equivalents - restricted	26,687	21,153	19,204
Notes receivable	111,046	111,423
Investment in Gaylord Rockies joint venture	88,717	88,685
Trade receivables, less allowance	66,253	57,520
Deferred income tax assets, net	48,342	50,117
Prepaid expenses and other assets	73,906	72,116
Total assets	2,559,178	2,524,228
LIABILITIES AND STOCKHOLDERS' EQUITY:
Debt and capital lease obligations	1,649,302	1,591,392
Accounts payable and accrued liabilities	172,159	179,649
Dividends payable	44,878	42,129
Deferred management rights proceeds	176,299	177,057
Other liabilities	156,617	155,845
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	513	512
Additional paid-in-capital	895,157	896,759
Treasury stock	(13,707)	(13,253)
Accumulated deficit	(495,426)	(479,170)
Accumulated other comprehensive loss	(26,614)	(26,692)	$ (22,257)	$ (22,268)
Total stockholders' equity	359,923	378,156
Total liabilities and stockholders' equity	2,559,178	2,524,228
Parent Guarantor [Member]
ASSETS:
Cash and cash equivalents - unrestricted	79	38
Investments	995,557	1,006,461
Total assets	995,636	1,006,499
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable and accrued liabilities	107	150
Dividends payable	44,878	42,129
Intercompany payables, net	590,728	586,064
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	513	512
Additional paid-in-capital	895,157	896,759
Treasury stock	(13,707)	(13,253)
Accumulated deficit	(495,426)	(479,170)
Accumulated other comprehensive loss	(26,614)	(26,692)
Total stockholders' equity	359,923	378,156
Total liabilities and stockholders' equity	995,636	1,006,499
Issuer [Member]
ASSETS:
Cash and cash equivalents - unrestricted	251	759
Investments	2,890,033	2,890,032
Total assets	2,890,284	2,890,791
LIABILITIES AND STOCKHOLDERS' EQUITY:
Debt and capital lease obligations	1,648,668	1,590,753
Accounts payable and accrued liabilities	20,799	11,180
Intercompany payables, net	885,656	895,408
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	1	1
Additional paid-in-capital	630,670	671,875
Accumulated deficit	(295,510)	(278,426)
Total stockholders' equity	335,161	393,450
Total liabilities and stockholders' equity	2,890,284	2,890,791
Guarantors [Member]
ASSETS:
Property and equipment, net of accumulated depreciation	1,655,478	1,640,274
Cash and cash equivalents - unrestricted	35	36
Deferred income tax assets, net	106	(301)
Prepaid expenses and other assets	7,534	5
Intercompany receivables, net	1,737,603	1,717,157
Investments	650,801	651,006
Total assets	4,051,557	4,008,177
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable and accrued liabilities	10,003	15,795
Other liabilities	96,325	95,078
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	1	1
Additional paid-in-capital	2,835,468	2,835,468
Accumulated deficit	1,109,760	1,061,835
Total stockholders' equity	3,945,229	3,897,304
Total liabilities and stockholders' equity	4,051,557	4,008,177
Non-Guarantors [Member]
ASSETS:
Property and equipment, net of accumulated depreciation	429,709	425,383
Cash and cash equivalents - unrestricted	58,675	56,724
Cash and cash equivalents - restricted	26,687	21,153
Notes receivable	111,046	111,423
Investment in Gaylord Rockies joint venture	88,717	88,685
Trade receivables, less allowance	66,253	57,520
Deferred income tax assets, net	48,236	50,418
Prepaid expenses and other assets	74,922	72,111
Investments	1,384,811	1,364,814
Total assets	2,289,056	2,248,231
LIABILITIES AND STOCKHOLDERS' EQUITY:
Debt and capital lease obligations	634	639
Accounts payable and accrued liabilities	149,800	152,524
Deferred management rights proceeds	176,299	177,057
Other liabilities	60,292	60,767
Intercompany payables, net	261,219	235,685
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	2,387	2,387
Additional paid-in-capital	2,093,817	2,073,818
Accumulated deficit	(428,778)	(427,954)
Accumulated other comprehensive loss	(26,614)	(26,692)
Total stockholders' equity	1,640,812	1,621,559
Total liabilities and stockholders' equity	2,289,056	2,248,231
Eliminations [Member]
ASSETS:
Prepaid expenses and other assets	(8,550)
Intercompany receivables, net	(1,737,603)	(1,717,157)
Investments	(5,921,202)	(5,912,313)
Total assets	(7,667,355)	(7,629,470)
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable and accrued liabilities	(8,550)
Intercompany payables, net	(1,737,603)	(1,717,157)
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	(2,389)	(2,389)
Additional paid-in-capital	(5,559,955)	(5,581,161)
Accumulated deficit	(385,472)	(355,455)
Accumulated other comprehensive loss	26,614	26,692
Total stockholders' equity	(5,921,202)	(5,912,313)
Total liabilities and stockholders' equity	$ (7,667,355)	$ (7,629,470)

Information Concerning Guaran55

Information Concerning Guarantor and Non-Guarantor Subsidiaries - Condensed Consolidating Statement of Operations and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Rooms	$ 107,564	$ 103,369
Food and beverage	132,939	126,169
Other hotel revenue	24,608	24,616
Entertainment	23,259	21,888
Total revenues	288,370	276,042
Operating expenses:
Rooms	28,928	28,028
Food and beverage	71,978	69,157
Other hotel expenses	75,882	74,238
Management fees, net	7,130	5,531
Total hotel operating expenses	183,918	176,954
Entertainment	19,366	16,851
Corporate	8,329	7,409
Preopening costs	2,147	216
Depreciation and amortization	28,666	27,637
Total operating expenses	242,426	229,067
Operating income (loss)	45,944	46,975
Interest expense	(16,729)	(15,864)
Interest income	2,753	2,948
Loss from joint ventures	(2,588)	(774)
Other gains and (losses), net	168	(72)
Income (loss) before income taxes	29,548	33,213
(Provision) benefit for income taxes	(2,209)	(593)
Net income	27,339	32,620
Comprehensive income (loss)	27,417	32,631
Parent Guarantor [Member]
Operating expenses:
Corporate	63	45
Corporate overhead allocation	2,615	2,196
Total operating expenses	2,678	2,241
Operating income (loss)	(2,678)	(2,241)
Income (loss) before income taxes	(2,678)	(2,241)
Equity in subsidiaries' earnings, net	30,017	34,861
Net income	27,339	32,620
Comprehensive income (loss)	27,417	32,631
Issuer [Member]
Operating expenses:
Corporate	361	406
Total operating expenses	361	406
Operating income (loss)	(361)	(406)
Interest expense	(16,723)	(15,857)
Income (loss) before income taxes	(17,084)	(16,263)
Net income	(17,084)	(16,263)
Comprehensive income (loss)	(17,084)	(16,263)
Guarantors [Member]
Revenues:
Other hotel revenue	76,243	79,494
Total revenues	76,243	79,494
Operating expenses:
Other hotel expenses	11,827	11,947
Total hotel operating expenses	11,827	11,947
Corporate		1
Corporate overhead allocation	2,126	1,730
Depreciation and amortization	14,730	14,807
Total operating expenses	28,683	28,485
Operating income (loss)	47,560	51,009
Income (loss) before income taxes	47,560	51,009
(Provision) benefit for income taxes	365	18
Net income	47,925	51,027
Comprehensive income (loss)	47,925	51,027
Non-Guarantors [Member]
Revenues:
Rooms	107,564	103,369
Food and beverage	132,939	126,169
Other hotel revenue	29,238	28,433
Entertainment	23,283	21,912
Total revenues	293,024	279,883
Operating expenses:
Rooms	28,928	28,028
Food and beverage	71,978	69,157
Other hotel expenses	140,187	141,676
Management fees, net	7,130	5,531
Total hotel operating expenses	248,223	244,392
Entertainment	19,390	16,875
Corporate	7,905	6,957
Preopening costs	2,147	216
Depreciation and amortization	13,936	12,830
Total operating expenses	291,601	281,270
Operating income (loss)	1,423	(1,387)
Interest expense	(6)	(7)
Interest income	2,753	2,948
Loss from joint ventures	(2,588)	(774)
Other gains and (losses), net	168	(72)
Income (loss) before income taxes	1,750	708
(Provision) benefit for income taxes	(2,574)	(611)
Net income	(824)	97
Comprehensive income (loss)	(746)	108
Eliminations [Member]
Revenues:
Other hotel revenue	(80,873)	(83,311)
Entertainment	(24)	(24)
Total revenues	(80,897)	(83,335)
Operating expenses:
Other hotel expenses	(76,132)	(79,385)
Total hotel operating expenses	(76,132)	(79,385)
Entertainment	(24)	(24)
Corporate overhead allocation	(4,741)	(3,926)
Total operating expenses	(80,897)	(83,335)
Equity in subsidiaries' earnings, net	(30,017)	(34,861)
Net income	(30,017)	(34,861)
Comprehensive income (loss)	$ (30,095)	$ (34,872)

Information Concerning Guaran56

Information Concerning Guarantor and Non-Guarantor Subsidiaries - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 43,928	$ 38,321
Purchases of property and equipment	(47,588)	(37,710)
Investment in Gaylord Rockies joint venture		(16,309)
Investment in other joint ventures	(1,560)	(925)
Other investing activities	(2,655)	(1,766)
Net cash used in investing activities	(51,803)	(56,710)
Net borrowings (repayments) under revolving credit facility	56,500	34,000
Repayments under term loan B		(1,000)
Payment of dividends	(41,000)	(38,900)
Payment of tax withholdings for share-based compensation	(602)	(3,741)
Other financing activities	(6)	23
Net cash flows used in financing activities	14,892	(9,618)
Net change in cash, cash equivalents, and restricted cash	7,017	(28,007)
Cash, cash equivalents, and restricted cash, beginning of period	78,710	81,190
Cash, cash equivalents, and restricted cash, end of period	85,727	53,183
Parent Guarantor [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	41,643	42,645
Payment of dividends	(41,000)	(38,900)
Payment of tax withholdings for share-based compensation	(602)	(3,741)
Other financing activities		28
Net cash flows used in financing activities	(41,602)	(42,613)
Net change in cash, cash equivalents, and restricted cash	41	32
Cash, cash equivalents, and restricted cash, beginning of period	38	28
Cash, cash equivalents, and restricted cash, end of period	79	60
Issuer [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(57,008)	(33,496)
Net borrowings (repayments) under revolving credit facility	56,500	34,000
Repayments under term loan B		(1,000)
Net cash flows used in financing activities	56,500	33,000
Net change in cash, cash equivalents, and restricted cash	(508)	(496)
Cash, cash equivalents, and restricted cash, beginning of period	759	1,234
Cash, cash equivalents, and restricted cash, end of period	251	738
Guarantors [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	29,680	14,345
Purchases of property and equipment	(29,681)	(13,196)
Net cash used in investing activities	(29,681)	(13,196)
Net change in cash, cash equivalents, and restricted cash	(1)	1,149
Cash, cash equivalents, and restricted cash, beginning of period	36	23
Cash, cash equivalents, and restricted cash, end of period	35	1,172
Non-Guarantors [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	29,613	14,827
Purchases of property and equipment	(17,907)	(24,514)
Investment in Gaylord Rockies joint venture		(16,309)
Investment in other joint ventures	(1,560)	(925)
Other investing activities	(2,655)	(1,766)
Net cash used in investing activities	(22,122)	(43,514)
Other financing activities	(6)	(5)
Net cash flows used in financing activities	(6)	(5)
Net change in cash, cash equivalents, and restricted cash	7,485	(28,692)
Cash, cash equivalents, and restricted cash, beginning of period	77,877	79,905
Cash, cash equivalents, and restricted cash, end of period	$ 85,362	$ 51,213