Ryman Hospitality Properties (RHP) 10-Q6 Aug 192019 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2019	Jul. 31, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	1-13079
Entity Registrant Name	RYMAN HOSPITALITY PROPERTIES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	73-0664379
Entity Address, Address Line One	One Gaylord Drive
Entity Address, City or Town	Nashville
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37214
City Area Code	615
Local Phone Number	316-6000
Title of 12(b) Security	Common stock
Trading Symbol	RHP
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		51,443,449
Entity Central Index Key	0001040829
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018	Jun. 30, 2018
ASSETS:
Property and equipment, net of accumulated depreciation (including $997,000 and $1,018,499 from VIEs, respectively)	$ 3,134,206		$ 3,149,095
Cash and cash equivalents - unrestricted (including $32,455 and $11,648 from VIEs, respectively)	103,842		103,437	$ 61,779
Cash and cash equivalents - restricted (including $20,770 and $5 from VIEs, respectively)	65,252		45,652	$ 32,181
Notes receivable	113,275		122,209
Trade receivables, less allowance of $753 and $763, respectively (including $17,229 and $2,019 from VIEs, respectively)	90,532		67,923
Deferred income tax assets, net	32,372		40,557
Prepaid expenses and other assets (including $19,780 and $20,419 from VIEs, respectively)	85,310		78,240
Intangible assets (including $222,367 and $241,973 from VIEs, respectively)	227,128		246,770
Total assets	3,851,917		3,853,883
LIABILITIES AND EQUITY:
Debt and finance lease obligations (including $541,197 and $494,578 from VIEs, respectively)	2,494,103		2,441,895
Accounts payable and accrued liabilities (including $50,442 and $70,215 from VIEs, respectively)	244,418		274,890
Dividends payable	47,207		45,019
Deferred management rights proceeds	176,879		174,026
Operating lease liabilities	104,718	$ 100,900
Other liabilities	61,850		161,043
Commitments and contingencies
Noncontrolling interest in consolidated joint venture	287,718		287,433
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, 51,443 and 51,336 shares issued and outstanding, respectively	514		513
Additional paid-in capital	901,129		900,795
Treasury stock of 599 and 592 shares, at cost	(15,687)		(15,183)
Accumulated deficit	(420,408)		(388,524)
Accumulated other comprehensive loss	(30,524)		(28,024)
Total stockholders' equity	435,024		469,577
Total liabilities and stockholders' equity	$ 3,851,917		$ 3,853,883

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets [Abstract]
Property and equipment, net of accumulated depreciation	$ 3,134,206	$ 3,149,095
Cash and cash equivalents - unrestricted	103,842	103,437
Cash and cash equivalents - restricted	65,252	45,652
Trade receivables, less allowance	90,532	67,923
Prepaid expenses and other assets	85,310	78,240
Intangible assets	227,128	246,770
Debt and capital lease obligations	2,494,103	2,441,895
Accounts payable and accrued liabilities	244,418	274,890
Accounts Receivable, Net [Abstract]
Allowance for doubtful accounts receivable	$ 753	$ 763
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	400,000,000	400,000,000
Common stock, shares issued (in shares)	51,443,000	51,336,000
Common stock, shares outstanding (in shares)	51,443,000	51,336,000
Treasury Stock, Shares [Abstract]
Treasury stock, shares (in shares)	599,000	592,000
Variable Interest Entity [Member]
Assets [Abstract]
Property and equipment, net of accumulated depreciation	$ 997,000	$ 1,018,499
Cash and cash equivalents - unrestricted	32,455	11,648
Cash and cash equivalents - restricted	20,770	5
Trade receivables, less allowance	17,229	2,019
Prepaid expenses and other assets	19,780	20,419
Intangible assets	222,367	241,973
Debt and capital lease obligations	541,197	494,578
Accounts payable and accrued liabilities	$ 50,442	$ 70,215

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues:
Total revenues	$ 407,719	$ 333,934	$ 778,494	$ 622,304
Operating expenses:
Total hotel operating expenses	227,705	187,821	454,728	371,739
Corporate	8,110	7,640	17,114	15,969
Preopening costs	(24)	1,525	2,110	3,672
Depreciation and amortization	53,553	29,995	106,562	58,661
Total operating expenses	322,403	257,235	639,214	499,661
Operating income	85,316	76,699	139,280	122,643
Interest expense	(33,492)	(19,625)	(65,579)	(36,354)
Interest income	2,970	2,766	5,878	5,519
Income (loss) from joint ventures	(167)	1,346	(167)	(1,242)
Other gains and (losses), net	(111)	36	(252)	204
Income before income taxes	54,516	61,222	79,160	90,770
Provision for income taxes	(8,232)	(5,676)	(10,206)	(7,885)
Net Income	46,284	55,546	68,954	82,885
Net loss attributable to noncontrolling interest in consolidated joint venture	3,099		9,837
Net income available to common stockholders	$ 49,383	$ 55,546	$ 78,791	$ 82,885
Basic income per share	$ 0.96	$ 1.08	$ 1.53	$ 1.62
Diluted income per share	0.95	1.08	1.52	1.61
Dividends declared per common share	$ 0.90	$ 0.85	$ 1.80	$ 1.70
Comprehensive income, net of taxes	$ 46,382	$ 55,630	$ 69,161	$ 83,047
Comprehensive loss, net of taxes, attributable to noncontrolling interest	(3,099)		(9,837)
Comprehensive income, net of taxes, available to common stockholders	49,481	55,630	78,998	83,047
Rooms [Member]
Revenues:
Total revenues	144,704	121,745	276,916	229,309
Operating expenses:
Total hotel operating expenses	36,099	30,059	71,068	58,987
Food and Beverage [Member]
Revenues:
Total revenues	173,030	141,053	344,173	273,992
Operating expenses:
Total hotel operating expenses	90,680	72,394	182,039	144,372
Hotel, Other [Member]
Revenues:
Total revenues	39,395	28,958	73,550	53,566
Operating expenses:
Total hotel operating expenses	90,527	76,733	181,466	152,615
Management Fees [Member]
Operating expenses:
Total hotel operating expenses	10,399	8,635	20,155	15,765
Entertainment [Member]
Revenues:
Total revenues	50,590	42,178	83,855	65,437
Operating expenses:
Total hotel operating expenses	$ 33,059	$ 30,254	$ 58,700	$ 49,620

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash Flows from Operating Activities:
Net income	$ 68,954	$ 82,885
Amounts to reconcile net income to net cash flows provided by operating activities:
Provision for deferred income taxes	8,187	7,065
Depreciation and amortization	106,562	58,661
Amortization of deferred financing costs	3,866	2,841
Write-off of deferred financing costs		1,956
(Income) loss from joint ventures	167	1,242
Stock-based compensation expense	3,961	3,929
Changes in:
Trade receivables	(22,609)	(22,074)
Accounts payable and accrued liabilities	(32,925)	(4,268)
Other assets and liabilities	2,461	(522)
Net cash flows provided by operating activities	138,624	131,715
Cash Flows from Investing Activities:
Purchases of property and equipment	(69,074)	(95,353)
Other investing activities	(2,282)	(6,886)
Net cash flows used in investing activities	(60,910)	(106,187)
Cash Flows from Financing Activities:
Net borrowings under revolving credit facility	4,000	80,500
Repayments under term loan B	(1,250)	(1,250)
Deferred financing costs paid	(27)	(637)
Payment of dividends	(90,724)	(85,110)
Distribution from consolidated joint venture to noncontrolling interest partners	(10,591)
Payment of tax withholdings for share-based compensation	(3,876)	(3,771)
Other financing activities	7,106	(10)
Net cash flows used in financing activities	(57,709)	(10,278)
Net change in cash, cash equivalents, and restricted cash	20,005	15,250
Cash, cash equivalents, and restricted cash, beginning of period	149,089	78,710
Cash, cash equivalents, and restricted cash, end of period	169,094	93,960
Gaylord Rockies [Member]
Cash Flows from Financing Activities:
Borrowings under Gaylord Rockies construction and mezzanine loans	37,653
Gaylord Rockies [Member] \| Bonds A and B Series [Member]
Cash Flows from Investing Activities:
Collection of notes receivable	$ 10,446
Opry City Stage [Member]
Cash Flows from Investing Activities:
Purchase of remaining interest in Opry City Stage, net of cash acquired		$ (3,948)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Reconciliation of cash, cash equivalents, and restricted cash to balance sheet:
Cash and cash equivalents - unrestricted	$ 103,842	$ 103,437	$ 61,779
Cash and cash equivalents - restricted	65,252	45,652	32,181
Cash, cash equivalents, and restricted cash, end of period	$ 169,094	$ 149,089	$ 93,960	$ 78,710

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Total
Beginning balance at Dec. 31, 2017	$ 512	$ 896,759	$ (13,253)	$ (479,170)	$ (26,692)		$ 378,156
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				27,339			27,339
Tax benefit or Translation adjustment related to adoption of ASU (ASU 2014-09 [Member]) at Mar. 31, 2018				(134)			(134)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss), net of income taxes					78		78
Payment of dividend		167	(454)	(43,461)			(43,748)
Restricted stock units and stock options surrendered	1	(3,692)					(3,691)
Stock-based compensation expense		1,923					1,923
Ending balance at Mar. 31, 2018	513	895,157	(13,707)	(495,426)	(26,614)		359,923
Beginning balance at Dec. 31, 2017	512	896,759	(13,253)	(479,170)	(26,692)		378,156
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income							82,885
Ending balance at Jun. 30, 2018	513	897,185	(14,195)	(483,279)	(26,530)		373,694
Beginning balance at Mar. 31, 2018	513	895,157	(13,707)	(495,426)	(26,614)		359,923
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				55,546			55,546
Other comprehensive income (loss), net of income taxes					84		84
Payment of dividend		102	(488)	(43,399)			(43,785)
Restricted stock units and stock options surrendered		(80)					(80)
Stock-based compensation expense		2,006					2,006
Ending balance at Jun. 30, 2018	513	897,185	(14,195)	(483,279)	(26,530)		373,694
Beginning balance at Dec. 31, 2018	513	900,795	(15,183)	(388,524)	(28,024)		469,577
Beginning balance at Dec. 31, 2018						$ 287,433	287,433
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				29,408		(6,738)	29,408
Adjustment of noncontrolling interest to redemption value				(10,420)		10,420	(10,420)
Tax benefit or Translation adjustment related to adoption of ASU (ASU 2018-02 [Member]) at Mar. 31, 2019				2,707	(2,707)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss), net of income taxes					109		109
Payment of dividend		168	(504)	(46,076)			(46,412)
Restricted stock units and stock options surrendered	1	(3,825)					(3,824)
Stock-based compensation expense		2,026					2,026
Ending balance at Mar. 31, 2019	514	899,164	(15,687)	(412,905)	(30,622)		440,464
Ending balance at Mar. 31, 2019						291,115
Beginning balance at Dec. 31, 2018	513	900,795	(15,183)	(388,524)	(28,024)		469,577
Beginning balance at Dec. 31, 2018						287,433	287,433
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income							78,791
Tax benefit or Translation adjustment related to adoption of ASU (ASU 2018-02 [Member]) at Jun. 30, 2019							2,700
Tax benefit or Translation adjustment related to adoption of ASU at Jun. 30, 2019					(2,707)
Ending balance at Jun. 30, 2019	514	901,129	(15,687)	(420,408)	(30,524)		435,024
Ending balance at Jun. 30, 2019						287,718	287,718
Beginning balance at Mar. 31, 2019	514	899,164	(15,687)	(412,905)	(30,622)		440,464
Beginning balance at Mar. 31, 2019						291,115
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				49,383		(3,099)	49,383
Adjustment of noncontrolling interest to redemption value				(10,293)		10,293	(10,293)
Tax benefit or Translation adjustment related to adoption of ASU (ASU 2018-02 [Member]) at Jun. 30, 2019							2,700
Tax benefit or Translation adjustment related to adoption of ASU at Jun. 30, 2019					(2,707)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss), net of income taxes					98		98
Payment of dividend		93		(46,593)			(46,500)
Distribution from consolidated joint venture						10,591
Restricted stock units and stock options surrendered		(63)					(63)
Stock-based compensation expense		1,935					1,935
Ending balance at Jun. 30, 2019	$ 514	$ 901,129	$ (15,687)	$ (420,408)	$ (30,524)		435,024
Ending balance at Jun. 30, 2019						$ 287,718	$ 287,718

Basis of Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 30, 2019
Basis of Presentation
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. At June 30, 2019, the Company also owns a 61.2% interest in a joint venture (the “Gaylord Rockies joint venture”) that owns the Gaylord Rockies Resort & Convention Center near Denver, Colorado (“Gaylord Rockies”), which opened in December 2018 and is managed by Marriott. As further discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, management has concluded that the Company is the primary beneficiary of this variable interest entity. As such, the Company has consolidated the assets, liabilities and results of operations of the Gaylord Rockies joint venture in the accompanying condensed consolidated financial statements. The portion of the Gaylord Rockies joint venture that the Company does not own is recorded as noncontrolling interest in consolidated joint venture in the accompanying condensed consolidated balance sheet, and any adjustment necessary to reflect the noncontrolling interest at its redemption value is shown in the accompanying condensed consolidated statement of stockholders’ equity. Creditors of the Gaylord Rockies joint venture have no recourse to the general credit of the Company, except with respect to certain limited loan guarantees as discussed in Note 13, “Commitments and Contingencies” and Note 17, “Subsequent Events,” to the condensed consolidated financial statements included herein. 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 Opry’s radio home; Ole Red, a brand of Blake Shelton-themed bar, music venue and event spaces, with a flagship location in Nashville that opened in May 2018; and three Nashville-based assets managed by Marriott – Gaylord Springs Golf Links, the Wildhorse Saloon, and the General Jackson Showboat. 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 for the year ended December 31, 2018. 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 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 February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, “ Leases income statements in a manner similar to previous accounting. The ASU also eliminates the required use of bright-line tests for determining lease classification. The Company adopted this standard as of January 1, 2019 using the modified retrospective approach. Existing leases were recorded at the adoption date and comparative periods were not restated and are presented based on previously existing guidance. The Company also adopted several practical expedients, which allowed the Company to avoid reassessing (i) whether an expired or existing contract meets the definition of a lease; (ii) the lease classification at the adoption date for existing leases; and (iii) whether costs previously capitalized as initial direct costs would continue to be amortized. In addition, the Company elected to adopt a practical expedient that allows the Company to avoid reassessing existing or expired land easements that were not previously accounted for as a lease, as well as a practical expedient that allows the Company to avoid separating nonlease components from lease components and instead to account for each separate lease component and related nonlease component as a single lease component. As permitted, the Company has elected to not apply the recognition requirements of this ASU to short-term leases. Adoption of the new standard resulted in the recording of right-of-use assets and lease liabilities of $100.9 million as of January 1, 2019. However, after consideration of the Company’s previous straight-line lease liability of $100.1 million, as discussed more fully in the Company’s 2018 Annual Report on Form 10-K, the Company recorded $0.8 million in net right-of-use assets related to its operating leases as of January 1, 2019, which are recorded in prepaid expenses and other assets in the accompanying condensed consolidated financial statements. See Note 5, “Property and Equipment,” and Note 9, “Leases,” to the condensed consolidated financial statements included herein for additional disclosures regarding the Company’s leases. In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments – Credit Losses – Measurement of Credit Losses on Financial Instruments In February 2018, the FASB issued ASU No. 2018-02, “ Income Statement – Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income

Revenues

Revenues	6 Months Ended
Revenues	Jun. 30, 2019
Revenues
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 generally 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 typically 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 Six Months Ended June 30, June 30, 2019 2018 2019 2018 Hotel group rooms $ 106,068 $ 89,329 $ 208,760 $ 172,546 Hotel transient rooms 38,636 32,416 68,156 56,763 Hotel food and beverage - banquets 123,521 101,719 249,717 197,987 Hotel food and beverage - outlets 49,509 39,334 94,456 76,005 Hotel other 39,395 28,958 73,550 53,566 Entertainment admissions/ticketing 21,960 21,207 35,583 32,067 Entertainment food and beverage 17,848 11,813 29,887 18,394 Entertainment retail and other 10,782 9,158 18,385 14,976 Total revenues $ 407,719 $ 333,934 $ 778,494 $ 622,304 The Company’s Hospitality segment revenues disaggregated by location are as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Gaylord Opryland $ 98,987 $ 94,915 $ 187,945 $ 177,660 Gaylord Palms 47,357 50,274 107,273 108,170 Gaylord Texan 69,326 58,611 141,365 116,968 Gaylord National 78,128 79,687 143,758 140,443 Gaylord Rockies 55,436 — 100,679 — AC Hotel 3,314 3,511 5,749 5,882 Inn at Opryland and other 4,581 4,758 7,870 7,744 Total Hospitality segment revenues $ 357,129 $ 291,756 $ 694,639 $ 556,867 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 June 30, 2019 and December 31, 2018, the Company had $77.1 million and $69.3 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, 2018, approximately $47.6 million was recognized in revenue during the six months ended June 30, 2019.

Income Per Share

Income Per Share	6 Months Ended
Income Per Share	Jun. 30, 2019
Income Per Share
Income Per Share	3. INCOME PER SHARE: The weighted average number of common shares outstanding is calculated as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Weighted average shares outstanding - basic 51,440 51,303 51,395 51,259 Effect of dilutive stock-based compensation 118 173 167 200 Effect of dilutive put rights 268 — 268 — Weighted average shares outstanding - diluted 51,826 51,476 51,830 51,459 As more fully discussed in Note 13, “Commitments and Contingencies,” to the condensed consolidated financial statements included herein, certain affiliates of Ares Management, L.P. (“Ares”) have a put right to require the Company to purchase their joint venture interests in the Gaylord Rockies joint venture in consideration of cash or operating partnership units (“OP Units”) of RHP Hotel Properties, LP (the “Operating Partnership”). Any OP Units issued by the Operating Partnership to the certain affiliates of Ares will be redeemable at the option of the holders thereof for shares of the Company’s common stock on a one-for-one basis, subject to certain adjustments.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
Accumulated Other Comprehensive Loss	Jun. 30, 2019
Accumulated Other Comprehensive Loss
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 investment with respect to the notes receivable discussed in Note 6, “Notes Receivable,” to the condensed consolidated financial statements included herein, and Note 3, “Notes Receivable,” to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. Changes in accumulated other comprehensive loss by component for the six months ended June 30, 2019 and 2018 consisted of the following (in thousands): Other-Than- Minimum Temporary Pension Impairment of Liability Investment Total Balance, December 31, 2018 $ (21,814) $ (6,210) $ (28,024) Amounts reclassified from accumulated other comprehensive loss 39 166 205 Income tax benefit 2 — 2 Net other comprehensive income 41 166 207 Transition adjustment related to adoption of ASU 2018-02 (see Note 1) (2,707) — (2,707) Balance, June 30, 2019 $ (24,480) $ (6,044) $ (30,524) Other-Than- Minimum Temporary Pension Impairment of Liability Investment Total Balance, December 31, 2017 $ (20,149) $ (6,543) $ (26,692) Amounts reclassified from accumulated other comprehensive loss (9) 166 157 Income tax benefit 5 — 5 Net other comprehensive income (loss) (4) 166 162 Balance, June 30, 2018 $ (20,153) $ (6,377) $ (26,530)

Property and Equipment

Property and Equipment	6 Months Ended
Property and Equipment	Jun. 30, 2019
Property and Equipment
Property and Equipment	5. PROPERTY AND EQUIPMENT: Property and equipment, including right-of-use finance lease assets, at June 30, 2019 and December 31, 2018 is recorded at cost (except for right-of-use finance lease assets) and summarized as follows (in thousands): June 30, December 31, 2019 2018 Land and land improvements $ 347,834 $ 347,654 Buildings 3,416,455 3,379,041 Furniture, fixtures and equipment 953,797 913,528 Right-of-use finance lease assets 1,551 — Construction-in-progress 38,281 48,295 4,757,918 4,688,518 Accumulated depreciation and amortization (1,623,712) (1,539,423) Property and equipment, net $ 3,134,206 $ 3,149,095

Notes Receivable

Notes Receivable	6 Months Ended
Notes Receivable	Jun. 30, 2019
Notes Receivable
Notes Receivable	6. NOTES RECEIVABLE: As further discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, in connection with the development of Gaylord National, the Company is currently holding two issuances of governmental bonds with a total carrying value of $113.3 million and $111.0 million at June 30, 2019 and December 31, 2018, respectively. The Company receives debt service and principal payments thereon, payable from property tax increments, hotel taxes and special hotel rental taxes generated from Gaylord National through the maturity dates of July 1, 2034 and September 1, 2037, respectively. The Company records interest income over the life of the notes using the effective interest method. During the three months ended June 30, 2019 and 2018, the Company recorded interest income of $2.6 million and $2.7 million, respectively, on these bonds. During the six months ended June 30, 2019 and 2018, the Company recorded interest income of $5.1 million and $5.3 million, respectively, on these bonds. The Company received payments of $3.0 million and $3.1 million during the six months ended June 30, 2019 and 2018, respectively, relating to these bonds. As further discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, in connection with the development of certain infrastructure adjacent to Gaylord Rockies, at December 31, 2018, the Gaylord Rockies joint venture was holding two issuances of governmental bonds with a carrying value of $11.2 million, including interest. The debt service and principal payments on such bonds were payable from tax increments and special hotel rental taxes generated from the surrounding development through the maturity dates of December 1, 2030 and December 1, 2040, respectively. In April 2019, these bonds were redeemed by the issuer, and the joint venture received the outstanding principal and interest, which resulted in no impact to the Company’s condensed consolidated statement of operations for the six months ended June 30, 2019.

Debt

Debt	6 Months Ended
Debt	Jun. 30, 2019
Debt
Debt	7. DEBT: The Company’s debt and finance lease obligations at June 30, 2019 and December 31, 2018 consisted of (in thousands): June 30, December 31, 2019 2018 $700M Revolving Credit Facility, interest at LIBOR plus 1.80%, maturing May 23, 2021, less unamortized deferred financing costs of $5,245 and $6,542 $ 523,755 $ 518,458 $200M Term Loan A, interest at LIBOR plus 1.75%, maturing May 23, 2022, less unamortized deferred financing costs of $1,048 and $1,220 198,952 198,780 $500M Term Loan B, interest at LIBOR plus 2.00%, maturing May 11, 2024, less unamortized deferred financing costs of $4,867 and $5,307 485,133 485,943 $350M Senior Notes, interest at 5.0%, maturing April 15, 2021, less unamortized deferred financing costs of $1,882 and $2,385 348,118 347,615 $400M Senior Notes, interest at 5.0%, maturing April 15, 2023, less unamortized deferred financing costs of $3,660 and $4,097 396,340 395,903 $500M Construction Loan (Gaylord Rockies joint venture), interest at LIBOR plus 3.25%, maturing December 18, 2019, less unamortized deferred financing costs of $903 and $1,807 494,361 457,090 $39M Mezzanine Loan (Gaylord Rockies joint venture), interest at LIBOR plus 7.00%, maturing December 18, 2019, less unamortized deferred financing costs of $113 and $227 38,887 37,488 Finance lease obligations 1,337 618 Other 7,220 — Total debt $ 2,494,103 $ 2,441,895 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 the year ended December 31, 2018. In July 2019, the Gaylord Rockies joint venture refinanced the $500 million construction loan and $39 million mezzanine loan, as discussed further in Note 17, “Subsequent Events.” At June 30, 2019, the Company was in compliance with all of its covenants related to its outstanding debt.

Deferred Management Rights Proc

Deferred Management Rights Proceeds	6 Months Ended
Deferred Management Rights Proceeds	Jun. 30, 2019
Deferred Management Rights Proceeds
Deferred Management Rights Proceeds	8. DEFERRED MANAGEMENT RIGHTS PROCEEDS: On October 1, 2012, the Company consummated its agreement to sell the Gaylord Hotels brand 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 operations of the Gaylord Hotels properties pursuant to a management agreement for each Gaylord Hotel property. The Company allocated $190.0 million of the purchase price to the Management Rights, based on the Company’s estimates of the fair values for the respective components. 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.

Leases

Leases	6 Months Ended
Leases	Jun. 30, 2019
Leases
Leases	9. LEASES: The Company is a lessee of a 65.3 acre site in Osceola County, Florida on which Gaylord Palms is located, building or land leases for Ole Red Gatlinburg, Ole Red Orlando and Ole Red Tishomingo, various warehouse, general office and other equipment leases. The Gaylord Palms land lease has a term through 2074 , which may be extended through January 2101, at the Company’s discretion. The leases for Ole Red locations range from five to ten years , with renewal options ranging from one to forty years , at the Company’s discretion. Extension options are not included in the Company’s calculation of its right-of-use assets and lease liabilities. The terms of the Gaylord Palms lease include variable lease payments based upon net revenues at Gaylord Palms and certain other of the Company’s leases include rental payments adjusted periodically for inflation. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. As the discount rate implicit in the Company’s operating leases is not readily determinable, the Company applied judgments related to the determination of the discount rates used to calculate the lease liability as required by Accounting Standards Codification Topic 842, “ Leases The Company’s lease costs for the three months and six months ended June 30, 2019 are as follows (in thousands): Three Months Ended Six Months Ended Operating lease cost $ 3,229 $ 6,575 Finance lease cost: Amortization of right-of-use assets 36 77 Interest on lease liabilities 14 31 Net lease cost $ 3,279 $ 6,683 Lease expense for operating leases for the three months and six months ended June 30, 2018 was $3.4 million and $6.6 million, respectively. Future minimum lease payments under non-cancelable leases at June 30, 2019 are as follows (in thousands): Operating Finance Leases Leases Year 1 $ 5,862 $ 244 Year 2 6,029 244 Year 3 5,758 229 Year 4 5,746 218 Year 5 5,838 118 Years thereafter 577,002 606 Total future minimum lease payments 606,235 1,659 Less amount representing interest (501,517) (322) Total present value of minimum payments $ 104,718 $ 1,337 The remaining lease term and discount rate for the Company’s leases are as follows: Weighted-average remaining lease term: Operating leases 51.3 years Finance leases 10.6 years Weighted-average discount rate: Operating leases 6.8 % Finance leases 4.0 %

Stock Plans

Stock Plans	6 Months Ended
Stock Plans	Jun. 30, 2019
Stock Plans
Stock Plans	10. STOCK PLANS: During the six months ended June 30, 2019, the Company granted 0.1 million restricted stock units with a weighted-average grant date fair value of $90.05 per unit. There were 0.3 million and 0.4 million restricted stock units outstanding at June 30, 2019 and December 31, 2018, respectively. The compensation expense that has been charged against pre-tax income for all of the Company’s stock-based compensation plans was $1.9 million and $2.0 million for the three months ended June 30, 2019 and 2018, respectively, and $4.0 million and $3.9 million for the six months ended June 30, 2019 and 2018, respectively.

Pension and Postretirement Bene

Pension and Postretirement Benefits Other Than Pension Plans	6 Months Ended
	Jun. 30, 2019
Pension and Postretirement Benefits Other Than Pension Plans
Pension and Postretirement Benefits Other Than Pension Plans	11. PENSION AND POSTRETIREMENT BENEFITS OTHER THAN PENSION PLANS: Net periodic pension (income) expense reflected in other gains and (losses), net in the accompanying condensed consolidated statements of operations included the following components for the respective periods (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Interest cost $ 878 $ 803 $ 1,756 $ 1,614 Expected return on plan assets (943) (1,070) (1,887) (2,172) Amortization of net actuarial loss 286 264 573 519 Total net periodic pension (income) expense $ 221 $ (3) $ 442 $ (39) Net postretirement benefit income reflected in other gains and (losses), net in the accompanying condensed consolidated statements of operations included the following components for the respective periods (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Interest cost $ 25 $ 24 $ 50 $ 48 Amortization of net actuarial loss 62 65 123 129 Amortization of prior service credit (329) (329) (657) (657) Total net postretirement benefit income $ (242) $ (240) $ (484) $ (480)

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2019
Income Taxes
Income Taxes	12. 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. The Company recorded an income tax provision of $8.2 million and $5.7 million for the three months ended June 30, 2019 and 2018, respectively, and $10.2 million and $7.9 million for the six months ended June 30, 2019 and 2018, respectively. These results differ from the statutory rate primarily due to the REIT dividends paid deduction. At June 30, 2019 and December 31, 2018, the Company had no unrecognized tax benefits.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2019
Commitments and Contingencies
Commitments and Contingencies	13. COMMITMENTS AND CONTINGENCIES: Pursuant to the Gaylord Rockies joint venture agreements, certain affiliates of Ares have a put right to require the Company to purchase their joint venture interests at a defined appraised value during an annual window period, or under certain other circumstances, in consideration of cash or OP Units of the Operating Partnership. Such OP Units have economic terms that are substantially similar to shares of the Company’s common stock. Any OP Units issued by the Operating Partnership to the Ares affiliates will be redeemable at the option of the holders thereof for shares of the Company’s common stock on a one-for-one basis, subject to certain adjustments. Affiliates of RIDA Development Corporation (“RIDA”) also have a put right at a defined appraised value for cash, which will become exercisable at the earlier of December 31, 2023 or the date on which a certain change of control of RIDA occurs. In connection with its investment in the Gaylord Rockies joint venture, the Company provided a completion guarantee under each of the construction loan and mezzanine loan capped at its pro rata share of all costs necessary to complete the project within the time specified in the Gaylord Rockies joint venture’s loan documents. As of June 30, 2019, the Company had not recorded any liability in the condensed consolidated balance sheet associated with these guarantees. See Note 17, “Subsequent Events,” for further discussion regarding the refinancing completed in July 2019. In April 2019, a subsidiary of the Company entered into a joint venture with Gray Television, Inc. to create and distribute a linear multicast and over-the-top channel dedicated to the country music lifestyle (“New Country Ventures”). The Company acquired a 50% equity interest in this joint venture for an initial capital contribution of $2.0 million. In addition, the joint venture agreement requires the Company to contribute up to an additional $13.0 million through December 31, 2021. The Company accounts for its investment in this joint venture under the equity method of accounting. 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 contingencies will not have a material effect on the financial statements of the Company.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
Stockholders' Equity	Jun. 30, 2019
Stockholders' Equity
Stockholders' Equity	14. STOCKHOLDERS’ EQUITY: On February 26, 2019, the Company’s board of directors declared the Company’s first quarter 2019 cash dividend in the amount of $0.90 per share of common stock, or an aggregate of approximately $46.3 million in cash, which was paid on April 15, 2019 to stockholders of record as of the close of business on March 29, 2019. On June 18, 2019, the Company’s board of directors declared the Company’s second quarter 2019 cash dividend in the amount of $0.90 per share of common stock, or an aggregate of approximately $46.3 million in cash, which was paid on July 15, 2019 to stockholders of record as of the close of business on June 28, 2019.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2019
Fair Value Measurements
Fair Value Measurements	15. 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 June 30, 2019 and December 31, 2018, 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 June 30, 2019 and December 31, 2018. The Company’s assets measured at fair value on a recurring basis at June 30, 2019 and December 31, 2018, were as follows (in thousands): Markets for Observable Unobservable June 30, Identical Assets Inputs Inputs 2019 (Level 1) (Level 2) (Level 3) Deferred compensation plan investments $ 27,435 $ 27,435 $ — $ — Total assets measured at fair value $ 27,435 $ 27,435 $ — $ — Markets for Observable Unobservable December 31, Identical Assets Inputs Inputs 2018 (Level 1) (Level 2) (Level 3) Deferred compensation plan investments $ 24,687 $ 24,687 $ — $ — Total assets measured at fair value $ 24,687 $ 24,687 $ — $ — The remainder of the assets and liabilities held by the Company at June 30, 2019 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	6 Months Ended
Financial Reporting By Business Segments	Jun. 30, 2019
Financial Reporting By Business Segments
Financial Reporting By Business Segments	16. FINANCIAL REPORTING BY BUSINESS SEGMENTS: The Company’s operations are organized into three principal business segments: ● Hospitality , which includes Gaylord Opryland, Gaylord Palms, Gaylord Texan, Gaylord National, the Inn at Opryland, the AC Hotel, and the Company’s investment in the Gaylord Rockies joint venture (which is consolidated below beginning January 1, 2019); ● Entertainment , which includes the Grand Ole Opry, the Ryman Auditorium, WSM-AM, Ole Red, the Company’s equity investment in New Country Ventures, and the Company’s Nashville-based attractions; and ● Corporate and Other , which includes the Company’s corporate expenses. The following information is derived directly from the segments’ internal financial reports used for corporate management purposes (amounts in thousands): Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Revenues: Hospitality $ 357,129 $ 291,756 $ 694,639 $ 556,867 Entertainment 50,590 42,178 83,855 65,437 Corporate and Other — — — — Total $ 407,719 $ 333,934 $ 778,494 $ 622,304 Depreciation and amortization: Hospitality $ 50,331 $ 27,233 $ 100,464 $ 53,433 Entertainment 2,830 2,315 5,309 4,272 Corporate and Other 392 447 789 956 Total $ 53,553 $ 29,995 $ 106,562 $ 58,661 Operating income: Hospitality $ 79,093 $ 76,702 $ 139,447 $ 131,695 Entertainment 14,701 9,609 19,846 11,545 Corporate and Other (8,502) (8,087) (17,903) (16,925) Preopening costs 24 (1,525) (2,110) (3,672) Total operating income 85,316 76,699 139,280 122,643 Interest expense (33,492) (19,625) (65,579) (36,354) Interest income 2,970 2,766 5,878 5,519 Income (loss) from joint ventures (167) 1,346 (167) (1,242) Other gains and (losses), net (111) 36 (252) 204 Income before income taxes $ 54,516 $ 61,222 $ 79,160 $ 90,770

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2019
Subsequent Events
Subsequent Events	17. SUBSEQUENT EVENTS: On July 2, 2019, Aurora Convention Center Hotel, LLC and Aurora Convention Center Hotel Lessee, LLC, subsidiaries of the entities comprising the Gaylord Rockies joint venture, entered into a Second Amended and Restated Loan Agreement (the “Gaylord Rockies Loan Agreement”) with Wells Fargo Bank, National Association, as administrative agent, which refinanced the Gaylord Rockies joint venture’s existing $500 million construction loan and $39 million mezzanine loan, which were scheduled to mature in December 2019. The Gaylord Rockies Loan Agreement consists of an $800.0 million secured term loan facility and also includes the option for an additional $80.0 million of borrowing capacity should the Gaylord Rockies joint venture decide to pursue a future expansion of Gaylord Rockies. The Gaylord Rockies Loan Agreement matures July 2, 2023 with three, one-year extension options, subject to certain requirements in the Gaylord Rockies Loan Agreement, and bears interest at LIBOR plus 2.50%. Simultaneous with closing, the Gaylord Rockies joint venture entered into an interest rate swap to fix the LIBOR portion of the interest rate at 1.65% for the first three years of the loan. The Company has designated this interest rate swap as an effective cash flow hedge. The proceeds from the Gaylord Rockies Loan Agreement were used by the Gaylord Rockies joint venture to repay the previously outstanding $500 million construction loan and $39 million mezzanine loan, and, after payment of expenses, the Gaylord Rockies joint venture distributed the excess proceeds to the owners of the Gaylord Rockies joint venture pro rata in proportion to their interests therein. The Company received a distribution of approximately $153 million, which was used to repay a portion of the outstanding indebtedness under the Company’s $700 million revolving credit facility. The Gaylord Rockies Loan Agreement is secured by a deed of trust lien on the Gaylord Rockies real estate and related assets. The Company and an affiliate of RIDA each entered into limited repayment and carry guaranties that, in the aggregate, guarantee repayment of 10% of the principal debt, together with interest and operating expenses, which are to be released once the Gaylord Rockies joint venture achieves a certain debt service coverage threshold as defined in the Gaylord Rockies Loan Agreement. There is also a completion guarantee in the event the expansion is pursued. As a result of the refinancing, the Gaylord Rockies joint venture expects to write off approximately $1.1 million of deferred financing costs, which will be recorded as interest expense in the condensed consolidated financial statements for the three and nine months ended September 30, 2019. As prescribed in the September 13, 2018 Purchase Agreement by and among the Company and affiliates of RIDA and Ares, on July 31, 2019, the Company purchased an additional 0.9% interest in the Gaylord Rockies joint venture for a purchase price of $5.5 million, net of closing true-ups. Subsequent to this transaction, the Company now owns 62.1% of the Gaylord Rockies joint venture. The Company does not expect this purchase to have a material impact on the Company’s consolidated financial statements.

Information Concerning Guaranto

Information Concerning Guarantor and Non-Guarantor Subsidiaries	6 Months Ended
	Jun. 30, 2019
Information Concerning Guarantor and Non-Guarantor Subsidiaries
Information Concerning Guarantor and Non-Guarantor Subsidiaries	18. 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 RHP Finance Corporation 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 Fifth Amended and Restated Credit Agreement, as amended (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 June 30, 2019 (in thousands) Parent Non- Guarantor Issuer Guarantors Guarantors Eliminations Consolidated ASSETS: Property and equipment, net of accumulated depreciation $ — $ — $ 1,633,805 $ 1,500,401 $ — $ 3,134,206 Cash and cash equivalents - unrestricted 30 2,486 10 101,316 — 103,842 Cash and cash equivalents - restricted — — — 65,252 — 65,252 Notes receivable — — — 113,275 — 113,275 Trade receivables, less allowance — — — 90,532 — 90,532 Deferred income tax assets, net — — (413) 32,785 — 32,372 Prepaid expenses and other assets — 13,100 7 101,115 (28,912) 85,310 Intangible assets — — — 227,128 — 227,128 Intercompany receivables, net — — 2,009,211 — (2,009,211) — Investments 1,080,405 2,950,457 710,065 1,893,053 (6,633,980) — Total assets $ 1,080,435 $ 2,966,043 $ 4,352,685 $ 4,124,857 $ (8,672,103) $ 3,851,917 LIABILITIES AND STOCKHOLDERS’ EQUITY: Debt and capital lease obligations $ — $ 1,952,297 $ — $ 554,664 $ (12,858) $ 2,494,103 Accounts payable and accrued liabilities 25 13,932 7,051 234,341 (10,931) 244,418 Dividends payable 47,207 — — — — 47,207 Deferred management rights proceeds — — — 176,879 — 176,879 Operating lease liabilities — — 102,405 7,436 (5,123) 104,718 Other liabilities — — — 61,850 — 61,850 Intercompany payables, net 598,179 995,358 — 415,674 (2,009,211) — Commitments and contingencies Noncontrolling interest in consolidated joint venture — — — 287,718 — 287,718 Stockholders’ equity: Preferred stock — — — — — — Common stock 514 1 1 2,387 (2,389) 514 Additional paid-in-capital 901,129 408,746 2,895,842 2,662,431 (5,967,019) 901,129 Treasury stock (15,687) — — — — (15,687) Accumulated deficit (420,408) (404,291) 1,347,386 (247,999) (695,096) (420,408) Accumulated other comprehensive loss (30,524) — — (30,524) 30,524 (30,524) Total stockholders' equity 435,024 4,456 4,243,229 2,386,295 (6,633,980) 435,024 Total liabilities and stockholders' equity $ 1,080,435 $ 2,966,043 $ 4,352,685 $ 4,124,857 $ (8,672,103) $ 3,851,917 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2018 (in thousands) Parent Non- Guarantor Issuer Guarantors Guarantors Eliminations Consolidated ASSETS: Property and equipment, net of accumulated depreciation $ — $ — $ 1,646,946 $ 1,502,149 $ — $ 3,149,095 Cash and cash equivalents - unrestricted 81 657 54 102,645 — 103,437 Cash and cash equivalents - restricted — — — 45,652 — 45,652 Notes receivable — — — 122,209 — 122,209 Trade receivables, less allowance — — — 67,923 — 67,923 Deferred income tax assets, net — — (444) 41,001 — 40,557 Prepaid expenses and other assets — 34 — 79,460 (1,254) 78,240 Intangible assets — — — 246,770 — 246,770 Intercompany receivables, net — — 1,895,086 — (1,895,086) — Investments 1,101,740 2,950,457 710,516 1,898,756 (6,661,469) — Total assets $ 1,101,821 $ 2,951,148 $ 4,252,158 $ 4,106,565 $ (8,557,809) $ 3,853,883 LIABILITIES AND STOCKHOLDERS’ EQUITY: Debt and capital lease obligations $ — $ 1,946,699 $ — $ 495,196 $ — $ 2,441,895 Accounts payable and accrued liabilities 50 13,752 7,253 255,089 (1,254) 274,890 Dividends payable 45,019 — — — — 45,019 Deferred management rights proceeds — — — 174,026 — 174,026 Other liabilities — — 100,068 60,975 — 161,043 Intercompany payables, net 587,175 846,478 — 461,433 (1,895,086) — Commitments and contingencies Noncontrolling interest in consolidated joint venture — — — 287,433 — 287,433 Stockholders’ equity: Preferred stock — — — — — — Common stock 513 1 1 2,387 (2,389) 513 Additional paid-in-capital 900,795 499,122 2,895,842 2,668,134 (6,063,098) 900,795 Treasury stock (15,183) — — — — (15,183) Accumulated deficit (388,524) (354,904) 1,248,994 (270,084) (624,006) (388,524) Accumulated other comprehensive loss (28,024) — — (28,024) 28,024 (28,024) Total stockholders' equity 469,577 144,219 4,144,837 2,372,413 (6,661,469) 469,577 Total liabilities and stockholders' equity $ 1,101,821 $ 2,951,148 $ 4,252,158 $ 4,106,565 $ (8,557,809) $ 3,853,883 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended June 30, 2019 Parent Non- (in thousands) Guarantor Issuer Guarantors Guarantors Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 144,704 $ — $ 144,704 Food and beverage — — — 173,030 — 173,030 Other hotel revenue — — 81,066 53,619 (95,290) 39,395 Entertainment — — — 51,139 (549) 50,590 Total revenues — — 81,066 422,492 (95,839) 407,719 Operating expenses: Rooms — — — 36,099 — 36,099 Food and beverage — — — 90,680 — 90,680 Other hotel expenses — — 12,245 170,159 (91,877) 90,527 Management fees, net — — — 10,399 — 10,399 Total hotel operating expenses — — 12,245 307,337 (91,877) 227,705 Entertainment — — — 33,059 — 33,059 Corporate 62 429 2 7,617 — 8,110 Preopening costs — — — (24) — (24) Corporate overhead allocation 1,014 — 2,948 — (3,962) — Depreciation and amortization — — 16,482 37,071 — 53,553 Total operating expenses 1,076 429 31,677 385,060 (95,839) 322,403 Operating income (loss) (1,076) (429) 49,389 37,432 — 85,316 Interest expense — (24,826) — (8,987) 321 (33,492) Interest income — 150 — 3,141 (321) 2,970 Loss from joint ventures — — — (167) — (167) Other gains and (losses), net — — — (111) — (111) Income (loss) before income taxes (1,076) (25,105) 49,389 31,308 — 54,516 Provision for income taxes — — (8) (8,224) — (8,232) Equity in subsidiaries’ earnings, net 47,360 — — — (47,360) — Net income (loss) $ 46,284 $ (25,105) $ 49,381 $ 23,084 $ (47,360) $ 46,284 Comprehensive income (loss), net of taxes $ 46,382 $ (25,105) $ 49,381 $ 23,182 $ (47,458) $ 46,382 Net income (loss) available to common shareholders $ 49,383 $ (25,105) $ 49,381 $ 23,084 $ (47,360) $ 49,383 Comprehensive income (loss), net of taxes, available to common shareholders $ 49,481 $ (25,105) $ 49,381 $ 23,182 $ (47,458) $ 49,481 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended June 30, 2018 Parent Non- (in thousands) Guarantor Issuer Guarantors Guarantors Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 121,745 $ — $ 121,745 Food and beverage — — — 141,053 — 141,053 Other hotel revenue — — 76,773 33,376 (81,191) 28,958 Entertainment — — — 42,178 — 42,178 Total revenues — — 76,773 338,352 (81,191) 333,934 Operating expenses: Rooms — — — 30,059 — 30,059 Food and beverage — — — 72,394 — 72,394 Other hotel expenses — — 11,050 142,341 (76,658) 76,733 Management fees, net — — — 8,635 — 8,635 Total hotel operating expenses — — 11,050 253,429 (76,658) 187,821 Entertainment — — — 30,254 — 30,254 Corporate 62 364 2 7,212 — 7,640 Preopening costs — — — 1,525 — 1,525 Corporate overhead allocation 2,495 — 2,038 — (4,533) — Depreciation and amortization — — 15,305 14,690 — 29,995 Total operating expenses 2,557 364 28,395 307,110 (81,191) 257,235 Operating income (loss) (2,557) (364) 48,378 31,242 — 76,699 Interest expense — (19,618) — (7) — (19,625) Interest income — — — 2,766 — 2,766 Income from joint ventures — — — 1,346 — 1,346 Other gains and (losses), net — — — 36 — 36 Income (loss) before income taxes (2,557) (19,982) 48,378 35,383 — 61,222 Provision for income taxes — — (449) (5,227) — (5,676) Equity in subsidiaries’ earnings, net 58,103 — — — (58,103) — Net income (loss) $ 55,546 $ (19,982) $ 47,929 $ 30,156 $ (58,103) $ 55,546 Comprehensive income (loss) $ 55,630 $ (19,982) $ 47,929 $ 30,240 $ (58,187) $ 55,630 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Six Months Ended June 30, 2019 Parent Non- (in thousands) Guarantor Issuer Guarantors Guarantors Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 276,916 $ $ 276,916 Food and beverage — — — 344,173 344,173 Other hotel revenue — — 161,476 102,043 (189,969) 73,550 Entertainment — — — 84,928 (1,073) 83,855 Total revenues — — 161,476 808,060 (191,042) 778,494 Operating expenses: Rooms — — — 71,068 — 71,068 Food and beverage — — — 182,039 — 182,039 Other hotel expenses — — 24,297 340,141 (182,972) 181,466 Management fees, net — — — 20,155 — 20,155 Total hotel operating expenses — — 24,297 613,403 (182,972) 454,728 Entertainment — — — 58,753 (53) 58,700 Corporate 125 880 3 16,106 17,114 Preopening costs — — — 2,110 — 2,110 Corporate overhead allocation 2,011 — 6,006 — (8,017) — Depreciation and amortization — — 32,732 73,830 — 106,562 Total operating expenses 2,136 880 63,038 764,202 (191,042) 639,214 Operating income (loss) (2,136) (880) 98,438 43,858 — 139,280 Interest expense — (48,665) — (17,341) 427 (65,579) Interest income — 158 — 6,147 (427) 5,878 Loss from joint ventures — — — (167) — (167) Other gains and (losses), net — — — (252) — (252) Income (loss) before income taxes (2,136) (49,387) 98,438 32,245 — 79,160 Provision for income taxes — — (46) (10,160) — (10,206) Equity in subsidiaries’ earnings, net 71,090 — — — (71,090) — Net income (loss) $ 68,954 $ (49,387) $ 98,392 $ 22,085 $ (71,090) $ 68,954 Comprehensive income (loss), net of taxes $ 69,161 $ (49,387) $ 98,392 $ 22,292 $ (71,297) $ 69,161 Net income (loss) available to common shareholders $ 78,791 $ (49,387) $ 98,392 $ 22,085 $ (71,090) $ 78,791 Comprehensive income (loss), net of taxes, available to common shareholders $ 78,998 $ (49,387) $ 98,392 $ 22,292 $ (71,297) $ 78,998 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Six Months Ended June 30, 2018 Parent Non- (in thousands) Guarantor Issuer Guarantors Guarantors Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 229,309 $ — $ 229,309 Food and beverage — — — 273,992 — 273,992 Other hotel revenue — — 153,016 62,614 (162,064) 53,566 Entertainment — — — 65,461 (24) 65,437 Total revenues — — 153,016 631,376 (162,088) 622,304 Operating expenses: Rooms — — — 58,987 — 58,987 Food and beverage — — — 144,372 — 144,372 Other hotel expenses — — 22,877 282,528 (152,790) 152,615 Management fees, net — — — 15,765 — 15,765 Total hotel operating expenses — — 22,877 501,652 (152,790) 371,739 Entertainment — — — 49,644 (24) 49,620 Corporate 125 725 2 15,117 — 15,969 Preopening costs — — — 3,672 — 3,672 Corporate overhead allocation 5,110 — 4,164 — (9,274) — Depreciation and amortization — — 30,035 28,626 — 58,661 Total operating expenses 5,235 725 57,078 598,711 (162,088) 499,661 Operating income (loss) (5,235) (725) 95,938 32,665 — 122,643 Interest expense — (36,341) — (13) — (36,354) Interest income — — — 5,519 — 5,519 Loss from joint ventures — — — (1,242) — (1,242) Other gains and (losses), net — — — 204 — 204 Income (loss) before income taxes (5,235) (37,066) 95,938 37,133 — 90,770 Provision for income taxes — — (84) (7,801) — (7,885) Equity in subsidiaries’ earnings, net 88,120 — — — (88,120) — Net income (loss) $ 82,885 $ (37,066) $ 95,854 $ 29,332 $ (88,120) $ 82,885 Comprehensive income (loss) $ 83,047 $ (37,066) $ 95,854 $ 29,494 $ (88,282) $ 83,047 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Six Months Ended June 30, 2019 Parent Non- (in thousands) Guarantor Issuer Guarantors Guarantor Eliminations Consolidated Net cash provided by (used in) operating activities $ 94,549 $ (921) $ 17,768 $ 27,228 $ — $ 138,624 Purchases of property and equipment — — (17,812) (51,262) — (69,074) Collection of notes receivable — — — 10,446 — 10,446 Other investing activities — — — (2,282) — (2,282) Net cash used in investing activities — — (17,812) (43,098) — (60,910) Net borrowings under revolving credit facility — 4,000 — — — 4,000 Repayments under term loan B — (1,250) — — — (1,250) Borrowings under Gaylord Rockies construction and mezzanine loans — — — 37,653 — 37,653 Deferred financing costs paid — — — (27) — (27) Payment of dividends (90,724) — — — — (90,724) Distribution from consolidated joint venture to noncontrolling interest partners — — — (10,591) — (10,591) Payment of tax withholdings for share-based compensation (3,876) — — — — (3,876) Other financing activities — — — 7,106 — 7,106 Net cash provided by (used in) financing activities (94,600) 2,750 — 34,141 — (57,709) Net change in cash, cash equivalents, and restricted cash (51) 1,829 (44) 18,271 — 20,005 Cash, cash equivalents, and restricted cash, beginning of period 81 657 54 148,297 — 149,089 Cash, cash equivalents, and restricted cash, end of period $ 30 $ 2,486 $ 10 $ 166,568 $ — $ 169,094 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Six Months Ended June 30, 2018 Parent Non- (in thousands) Guarantor Issuer Guarantors Guarantor Eliminations Consolidated Net cash provided by (used in) operating activities $ 88,925 $ (78,374) $ 39,783 $ 81,381 $ — $ 131,715 Purchases of property and equipment — — (39,789) (55,564) — (95,353) Purchase of remaining interest in Opry City Stage — — — (3,948) — (3,948) Other investing activities — — — (6,886) — (6,886) Net cash used in investing activities — — (39,789) (66,398) — (106,187) Net borrowings under revolving credit facility — 80,500 — — — 80,500 Repayments under term loan B — (1,250) — — — (1,250) Deferred financing costs paid — (637) — — — (637) Payment of dividends (85,110) — — — — (85,110) Payment of tax withholdings for share-based compensation (3,771) — — — — (3,771) Other financing activities — — — (10) — (10) Net cash provided by (used in) financing activities (88,881) 78,613 — (10) — (10,278) Net change in cash, cash equivalents, and restricted cash 44 239 (6) 14,973 — 15,250 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 $ 82 $ 998 $ 30 $ 92,850 $ — $ 93,960

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	Jun. 30, 2019
Basis of Presentation
Newly Issued Accounting Standards	Newly Issued Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, “ Leases income statements in a manner similar to previous accounting. The ASU also eliminates the required use of bright-line tests for determining lease classification. The Company adopted this standard as of January 1, 2019 using the modified retrospective approach. Existing leases were recorded at the adoption date and comparative periods were not restated and are presented based on previously existing guidance. The Company also adopted several practical expedients, which allowed the Company to avoid reassessing (i) whether an expired or existing contract meets the definition of a lease; (ii) the lease classification at the adoption date for existing leases; and (iii) whether costs previously capitalized as initial direct costs would continue to be amortized. In addition, the Company elected to adopt a practical expedient that allows the Company to avoid reassessing existing or expired land easements that were not previously accounted for as a lease, as well as a practical expedient that allows the Company to avoid separating nonlease components from lease components and instead to account for each separate lease component and related nonlease component as a single lease component. As permitted, the Company has elected to not apply the recognition requirements of this ASU to short-term leases. Adoption of the new standard resulted in the recording of right-of-use assets and lease liabilities of $100.9 million as of January 1, 2019. However, after consideration of the Company’s previous straight-line lease liability of $100.1 million, as discussed more fully in the Company’s 2018 Annual Report on Form 10-K, the Company recorded $0.8 million in net right-of-use assets related to its operating leases as of January 1, 2019, which are recorded in prepaid expenses and other assets in the accompanying condensed consolidated financial statements. See Note 5, “Property and Equipment,” and Note 9, “Leases,” to the condensed consolidated financial statements included herein for additional disclosures regarding the Company’s leases. In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments – Credit Losses – Measurement of Credit Losses on Financial Instruments In February 2018, the FASB issued ASU No. 2018-02, “ Income Statement – Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income
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 generally 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 typically 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.
Deferred Revenue	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 June 30, 2019 and December 31, 2018, the Company had $77.1 million and $69.3 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, 2018, approximately $47.6 million was recognized in revenue during the six months ended June 30, 2019.

Revenues (Tables)

Revenues (Tables)	6 Months Ended
Revenues (Tables)	Jun. 30, 2019
Revenues
Revenues Disaggregated by Major Source	The Company’s revenues disaggregated by major source are as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Hotel group rooms $ 106,068 $ 89,329 $ 208,760 $ 172,546 Hotel transient rooms 38,636 32,416 68,156 56,763 Hotel food and beverage - banquets 123,521 101,719 249,717 197,987 Hotel food and beverage - outlets 49,509 39,334 94,456 76,005 Hotel other 39,395 28,958 73,550 53,566 Entertainment admissions/ticketing 21,960 21,207 35,583 32,067 Entertainment food and beverage 17,848 11,813 29,887 18,394 Entertainment retail and other 10,782 9,158 18,385 14,976 Total revenues $ 407,719 $ 333,934 $ 778,494 $ 622,304
Hospitality Segment Revenues Disaggregated by Location	The Company’s Hospitality segment revenues disaggregated by location are as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Gaylord Opryland $ 98,987 $ 94,915 $ 187,945 $ 177,660 Gaylord Palms 47,357 50,274 107,273 108,170 Gaylord Texan 69,326 58,611 141,365 116,968 Gaylord National 78,128 79,687 143,758 140,443 Gaylord Rockies 55,436 — 100,679 — AC Hotel 3,314 3,511 5,749 5,882 Inn at Opryland and other 4,581 4,758 7,870 7,744 Total Hospitality segment revenues $ 357,129 $ 291,756 $ 694,639 $ 556,867

Income Per Share (Tables)

Income Per Share (Tables)	6 Months Ended
Income Per Share (Tables)	Jun. 30, 2019
Income Per Share
Weighted Average Number of Common Shares Outstanding	The weighted average number of common shares outstanding is calculated as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Weighted average shares outstanding - basic 51,440 51,303 51,395 51,259 Effect of dilutive stock-based compensation 118 173 167 200 Effect of dilutive put rights 268 — 268 — Weighted average shares outstanding - diluted 51,826 51,476 51,830 51,459

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
Accumulated Other Comprehensive Loss (Tables)	Jun. 30, 2019
Accumulated Other Comprehensive Loss
Summary of Changes in Accumulated Other Comprehensive Loss by Component	Changes in accumulated other comprehensive loss by component for the six months ended June 30, 2019 and 2018 consisted of the following (in thousands): Other-Than- Minimum Temporary Pension Impairment of Liability Investment Total Balance, December 31, 2018 $ (21,814) $ (6,210) $ (28,024) Amounts reclassified from accumulated other comprehensive loss 39 166 205 Income tax benefit 2 — 2 Net other comprehensive income 41 166 207 Transition adjustment related to adoption of ASU 2018-02 (see Note 1) (2,707) — (2,707) Balance, June 30, 2019 $ (24,480) $ (6,044) $ (30,524) Other-Than- Minimum Temporary Pension Impairment of Liability Investment Total Balance, December 31, 2017 $ (20,149) $ (6,543) $ (26,692) Amounts reclassified from accumulated other comprehensive loss (9) 166 157 Income tax benefit 5 — 5 Net other comprehensive income (loss) (4) 166 162 Balance, June 30, 2018 $ (20,153) $ (6,377) $ (26,530)

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
Property and Equipment (Tables)	Jun. 30, 2019
Property and Equipment
Property and Equipment	Property and equipment, including right-of-use finance lease assets, at June 30, 2019 and December 31, 2018 is recorded at cost (except for right-of-use finance lease assets) and summarized as follows (in thousands): June 30, December 31, 2019 2018 Land and land improvements $ 347,834 $ 347,654 Buildings 3,416,455 3,379,041 Furniture, fixtures and equipment 953,797 913,528 Right-of-use finance lease assets 1,551 — Construction-in-progress 38,281 48,295 4,757,918 4,688,518 Accumulated depreciation and amortization (1,623,712) (1,539,423) Property and equipment, net $ 3,134,206 $ 3,149,095

Debt (Tables)

Debt (Tables)	6 Months Ended
Debt (Tables)	Jun. 30, 2019
Debt
Summary of Debt and Capital Lease Obligations	The Company’s debt and finance lease obligations at June 30, 2019 and December 31, 2018 consisted of (in thousands): June 30, December 31, 2019 2018 $700M Revolving Credit Facility, interest at LIBOR plus 1.80%, maturing May 23, 2021, less unamortized deferred financing costs of $5,245 and $6,542 $ 523,755 $ 518,458 $200M Term Loan A, interest at LIBOR plus 1.75%, maturing May 23, 2022, less unamortized deferred financing costs of $1,048 and $1,220 198,952 198,780 $500M Term Loan B, interest at LIBOR plus 2.00%, maturing May 11, 2024, less unamortized deferred financing costs of $4,867 and $5,307 485,133 485,943 $350M Senior Notes, interest at 5.0%, maturing April 15, 2021, less unamortized deferred financing costs of $1,882 and $2,385 348,118 347,615 $400M Senior Notes, interest at 5.0%, maturing April 15, 2023, less unamortized deferred financing costs of $3,660 and $4,097 396,340 395,903 $500M Construction Loan (Gaylord Rockies joint venture), interest at LIBOR plus 3.25%, maturing December 18, 2019, less unamortized deferred financing costs of $903 and $1,807 494,361 457,090 $39M Mezzanine Loan (Gaylord Rockies joint venture), interest at LIBOR plus 7.00%, maturing December 18, 2019, less unamortized deferred financing costs of $113 and $227 38,887 37,488 Finance lease obligations 1,337 618 Other 7,220 — Total debt $ 2,494,103 $ 2,441,895

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Jun. 30, 2019
Leases
Schedule of Company's Lease Cost	The Company’s lease costs for the three months and six months ended June 30, 2019 are as follows (in thousands): Three Months Ended Six Months Ended Operating lease cost $ 3,229 $ 6,575 Finance lease cost: Amortization of right-of-use assets 36 77 Interest on lease liabilities 14 31 Net lease cost $ 3,279 $ 6,683
Summary of Maturities of Operating Lease Liabilities	Future minimum lease payments under non-cancelable leases at June 30, 2019 are as follows (in thousands): Operating Finance Leases Leases Year 1 $ 5,862 $ 244 Year 2 6,029 244 Year 3 5,758 229 Year 4 5,746 218 Year 5 5,838 118 Years thereafter 577,002 606 Total future minimum lease payments 606,235 1,659 Less amount representing interest (501,517) (322) Total present value of minimum payments $ 104,718 $ 1,337
Summary of Maturities of Finance Lease Liabilities	Operating Finance Leases Leases Year 1 $ 5,862 $ 244 Year 2 6,029 244 Year 3 5,758 229 Year 4 5,746 218 Year 5 5,838 118 Years thereafter 577,002 606 Total future minimum lease payments 606,235 1,659 Less amount representing interest (501,517) (322) Total present value of minimum payments $ 104,718 $ 1,337
Schedule of Remaining Lease Term and Discount Rate of Leases	Weighted-average remaining lease term: Operating leases 51.3 years Finance leases 10.6 years Weighted-average discount rate: Operating leases 6.8 % Finance leases 4.0 %

Pension and Postretirement Be_2

Pension and Postretirement Benefits Other Than Pension Plans (Tables)	6 Months Ended
	Jun. 30, 2019
Pension Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net Periodic Pension and Postretirement Benefit (Income) Expense	Net periodic pension (income) expense reflected in other gains and (losses), net in the accompanying condensed consolidated statements of operations included the following components for the respective periods (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Interest cost $ 878 $ 803 $ 1,756 $ 1,614 Expected return on plan assets (943) (1,070) (1,887) (2,172) Amortization of net actuarial loss 286 264 573 519 Total net periodic pension (income) expense $ 221 $ (3) $ 442 $ (39)
Postretirement Health Coverage [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net Periodic Pension and Postretirement Benefit (Income) Expense	Net postretirement benefit income reflected in other gains and (losses), net in the accompanying condensed consolidated statements of operations included the following components for the respective periods (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Interest cost $ 25 $ 24 $ 50 $ 48 Amortization of net actuarial loss 62 65 123 129 Amortization of prior service credit (329) (329) (657) (657) Total net postretirement benefit income $ (242) $ (240) $ (484) $ (480)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2019
Fair Value Measurements
Assets Measured at Fair Value on Recurring Basis	The Company had no liabilities required to be measured at fair value at June 30, 2019 and December 31, 2018. The Company’s assets measured at fair value on a recurring basis at June 30, 2019 and December 31, 2018, were as follows (in thousands): Markets for Observable Unobservable June 30, Identical Assets Inputs Inputs 2019 (Level 1) (Level 2) (Level 3) Deferred compensation plan investments $ 27,435 $ 27,435 $ — $ — Total assets measured at fair value $ 27,435 $ 27,435 $ — $ — Markets for Observable Unobservable December 31, Identical Assets Inputs Inputs 2018 (Level 1) (Level 2) (Level 3) Deferred compensation plan investments $ 24,687 $ 24,687 $ — $ — Total assets measured at fair value $ 24,687 $ 24,687 $ — $ —

Financial Reporting By Busine_2

Financial Reporting By Business Segments (Tables)	6 Months Ended
Financial Reporting By Business Segments (Tables)	Jun. 30, 2019
Financial Reporting By Business Segments
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 Six Months Ended June 30, June 30, 2019 2018 2019 2018 Revenues: Hospitality $ 357,129 $ 291,756 $ 694,639 $ 556,867 Entertainment 50,590 42,178 83,855 65,437 Corporate and Other — — — — Total $ 407,719 $ 333,934 $ 778,494 $ 622,304 Depreciation and amortization: Hospitality $ 50,331 $ 27,233 $ 100,464 $ 53,433 Entertainment 2,830 2,315 5,309 4,272 Corporate and Other 392 447 789 956 Total $ 53,553 $ 29,995 $ 106,562 $ 58,661 Operating income: Hospitality $ 79,093 $ 76,702 $ 139,447 $ 131,695 Entertainment 14,701 9,609 19,846 11,545 Corporate and Other (8,502) (8,087) (17,903) (16,925) Preopening costs 24 (1,525) (2,110) (3,672) Total operating income 85,316 76,699 139,280 122,643 Interest expense (33,492) (19,625) (65,579) (36,354) Interest income 2,970 2,766 5,878 5,519 Income (loss) from joint ventures (167) 1,346 (167) (1,242) Other gains and (losses), net (111) 36 (252) 204 Income before income taxes $ 54,516 $ 61,222 $ 79,160 $ 90,770

Information Concerning Guaran_2

Information Concerning Guarantor and Non-Guarantor Subsidiaries (Tables)	6 Months Ended
	Jun. 30, 2019
Basis of Presentation
Condensed Consolidating Balance Sheet	RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET June 30, 2019 (in thousands) Parent Non- Guarantor Issuer Guarantors Guarantors Eliminations Consolidated ASSETS: Property and equipment, net of accumulated depreciation $ — $ — $ 1,633,805 $ 1,500,401 $ — $ 3,134,206 Cash and cash equivalents - unrestricted 30 2,486 10 101,316 — 103,842 Cash and cash equivalents - restricted — — — 65,252 — 65,252 Notes receivable — — — 113,275 — 113,275 Trade receivables, less allowance — — — 90,532 — 90,532 Deferred income tax assets, net — — (413) 32,785 — 32,372 Prepaid expenses and other assets — 13,100 7 101,115 (28,912) 85,310 Intangible assets — — — 227,128 — 227,128 Intercompany receivables, net — — 2,009,211 — (2,009,211) — Investments 1,080,405 2,950,457 710,065 1,893,053 (6,633,980) — Total assets $ 1,080,435 $ 2,966,043 $ 4,352,685 $ 4,124,857 $ (8,672,103) $ 3,851,917 LIABILITIES AND STOCKHOLDERS’ EQUITY: Debt and capital lease obligations $ — $ 1,952,297 $ — $ 554,664 $ (12,858) $ 2,494,103 Accounts payable and accrued liabilities 25 13,932 7,051 234,341 (10,931) 244,418 Dividends payable 47,207 — — — — 47,207 Deferred management rights proceeds — — — 176,879 — 176,879 Operating lease liabilities — — 102,405 7,436 (5,123) 104,718 Other liabilities — — — 61,850 — 61,850 Intercompany payables, net 598,179 995,358 — 415,674 (2,009,211) — Commitments and contingencies Noncontrolling interest in consolidated joint venture — — — 287,718 — 287,718 Stockholders’ equity: Preferred stock — — — — — — Common stock 514 1 1 2,387 (2,389) 514 Additional paid-in-capital 901,129 408,746 2,895,842 2,662,431 (5,967,019) 901,129 Treasury stock (15,687) — — — — (15,687) Accumulated deficit (420,408) (404,291) 1,347,386 (247,999) (695,096) (420,408) Accumulated other comprehensive loss (30,524) — — (30,524) 30,524 (30,524) Total stockholders' equity 435,024 4,456 4,243,229 2,386,295 (6,633,980) 435,024 Total liabilities and stockholders' equity $ 1,080,435 $ 2,966,043 $ 4,352,685 $ 4,124,857 $ (8,672,103) $ 3,851,917 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2018 (in thousands) Parent Non- Guarantor Issuer Guarantors Guarantors Eliminations Consolidated ASSETS: Property and equipment, net of accumulated depreciation $ — $ — $ 1,646,946 $ 1,502,149 $ — $ 3,149,095 Cash and cash equivalents - unrestricted 81 657 54 102,645 — 103,437 Cash and cash equivalents - restricted — — — 45,652 — 45,652 Notes receivable — — — 122,209 — 122,209 Trade receivables, less allowance — — — 67,923 — 67,923 Deferred income tax assets, net — — (444) 41,001 — 40,557 Prepaid expenses and other assets — 34 — 79,460 (1,254) 78,240 Intangible assets — — — 246,770 — 246,770 Intercompany receivables, net — — 1,895,086 — (1,895,086) — Investments 1,101,740 2,950,457 710,516 1,898,756 (6,661,469) — Total assets $ 1,101,821 $ 2,951,148 $ 4,252,158 $ 4,106,565 $ (8,557,809) $ 3,853,883 LIABILITIES AND STOCKHOLDERS’ EQUITY: Debt and capital lease obligations $ — $ 1,946,699 $ — $ 495,196 $ — $ 2,441,895 Accounts payable and accrued liabilities 50 13,752 7,253 255,089 (1,254) 274,890 Dividends payable 45,019 — — — — 45,019 Deferred management rights proceeds — — — 174,026 — 174,026 Other liabilities — — 100,068 60,975 — 161,043 Intercompany payables, net 587,175 846,478 — 461,433 (1,895,086) — Commitments and contingencies Noncontrolling interest in consolidated joint venture — — — 287,433 — 287,433 Stockholders’ equity: Preferred stock — — — — — — Common stock 513 1 1 2,387 (2,389) 513 Additional paid-in-capital 900,795 499,122 2,895,842 2,668,134 (6,063,098) 900,795 Treasury stock (15,183) — — — — (15,183) Accumulated deficit (388,524) (354,904) 1,248,994 (270,084) (624,006) (388,524) Accumulated other comprehensive loss (28,024) — — (28,024) 28,024 (28,024) Total stockholders' equity 469,577 144,219 4,144,837 2,372,413 (6,661,469) 469,577 Total liabilities and stockholders' equity $ 1,101,821 $ 2,951,148 $ 4,252,158 $ 4,106,565 $ (8,557,809) $ 3,853,883
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 June 30, 2019 Parent Non- (in thousands) Guarantor Issuer Guarantors Guarantors Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 144,704 $ — $ 144,704 Food and beverage — — — 173,030 — 173,030 Other hotel revenue — — 81,066 53,619 (95,290) 39,395 Entertainment — — — 51,139 (549) 50,590 Total revenues — — 81,066 422,492 (95,839) 407,719 Operating expenses: Rooms — — — 36,099 — 36,099 Food and beverage — — — 90,680 — 90,680 Other hotel expenses — — 12,245 170,159 (91,877) 90,527 Management fees, net — — — 10,399 — 10,399 Total hotel operating expenses — — 12,245 307,337 (91,877) 227,705 Entertainment — — — 33,059 — 33,059 Corporate 62 429 2 7,617 — 8,110 Preopening costs — — — (24) — (24) Corporate overhead allocation 1,014 — 2,948 — (3,962) — Depreciation and amortization — — 16,482 37,071 — 53,553 Total operating expenses 1,076 429 31,677 385,060 (95,839) 322,403 Operating income (loss) (1,076) (429) 49,389 37,432 — 85,316 Interest expense — (24,826) — (8,987) 321 (33,492) Interest income — 150 — 3,141 (321) 2,970 Loss from joint ventures — — — (167) — (167) Other gains and (losses), net — — — (111) — (111) Income (loss) before income taxes (1,076) (25,105) 49,389 31,308 — 54,516 Provision for income taxes — — (8) (8,224) — (8,232) Equity in subsidiaries’ earnings, net 47,360 — — — (47,360) — Net income (loss) $ 46,284 $ (25,105) $ 49,381 $ 23,084 $ (47,360) $ 46,284 Comprehensive income (loss), net of taxes $ 46,382 $ (25,105) $ 49,381 $ 23,182 $ (47,458) $ 46,382 Net income (loss) available to common shareholders $ 49,383 $ (25,105) $ 49,381 $ 23,084 $ (47,360) $ 49,383 Comprehensive income (loss), net of taxes, available to common shareholders $ 49,481 $ (25,105) $ 49,381 $ 23,182 $ (47,458) $ 49,481 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended June 30, 2018 Parent Non- (in thousands) Guarantor Issuer Guarantors Guarantors Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 121,745 $ — $ 121,745 Food and beverage — — — 141,053 — 141,053 Other hotel revenue — — 76,773 33,376 (81,191) 28,958 Entertainment — — — 42,178 — 42,178 Total revenues — — 76,773 338,352 (81,191) 333,934 Operating expenses: Rooms — — — 30,059 — 30,059 Food and beverage — — — 72,394 — 72,394 Other hotel expenses — — 11,050 142,341 (76,658) 76,733 Management fees, net — — — 8,635 — 8,635 Total hotel operating expenses — — 11,050 253,429 (76,658) 187,821 Entertainment — — — 30,254 — 30,254 Corporate 62 364 2 7,212 — 7,640 Preopening costs — — — 1,525 — 1,525 Corporate overhead allocation 2,495 — 2,038 — (4,533) — Depreciation and amortization — — 15,305 14,690 — 29,995 Total operating expenses 2,557 364 28,395 307,110 (81,191) 257,235 Operating income (loss) (2,557) (364) 48,378 31,242 — 76,699 Interest expense — (19,618) — (7) — (19,625) Interest income — — — 2,766 — 2,766 Income from joint ventures — — — 1,346 — 1,346 Other gains and (losses), net — — — 36 — 36 Income (loss) before income taxes (2,557) (19,982) 48,378 35,383 — 61,222 Provision for income taxes — — (449) (5,227) — (5,676) Equity in subsidiaries’ earnings, net 58,103 — — — (58,103) — Net income (loss) $ 55,546 $ (19,982) $ 47,929 $ 30,156 $ (58,103) $ 55,546 Comprehensive income (loss) $ 55,630 $ (19,982) $ 47,929 $ 30,240 $ (58,187) $ 55,630 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Six Months Ended June 30, 2019 Parent Non- (in thousands) Guarantor Issuer Guarantors Guarantors Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 276,916 $ $ 276,916 Food and beverage — — — 344,173 344,173 Other hotel revenue — — 161,476 102,043 (189,969) 73,550 Entertainment — — — 84,928 (1,073) 83,855 Total revenues — — 161,476 808,060 (191,042) 778,494 Operating expenses: Rooms — — — 71,068 — 71,068 Food and beverage — — — 182,039 — 182,039 Other hotel expenses — — 24,297 340,141 (182,972) 181,466 Management fees, net — — — 20,155 — 20,155 Total hotel operating expenses — — 24,297 613,403 (182,972) 454,728 Entertainment — — — 58,753 (53) 58,700 Corporate 125 880 3 16,106 17,114 Preopening costs — — — 2,110 — 2,110 Corporate overhead allocation 2,011 — 6,006 — (8,017) — Depreciation and amortization — — 32,732 73,830 — 106,562 Total operating expenses 2,136 880 63,038 764,202 (191,042) 639,214 Operating income (loss) (2,136) (880) 98,438 43,858 — 139,280 Interest expense — (48,665) — (17,341) 427 (65,579) Interest income — 158 — 6,147 (427) 5,878 Loss from joint ventures — — — (167) — (167) Other gains and (losses), net — — — (252) — (252) Income (loss) before income taxes (2,136) (49,387) 98,438 32,245 — 79,160 Provision for income taxes — — (46) (10,160) — (10,206) Equity in subsidiaries’ earnings, net 71,090 — — — (71,090) — Net income (loss) $ 68,954 $ (49,387) $ 98,392 $ 22,085 $ (71,090) $ 68,954 Comprehensive income (loss), net of taxes $ 69,161 $ (49,387) $ 98,392 $ 22,292 $ (71,297) $ 69,161 Net income (loss) available to common shareholders $ 78,791 $ (49,387) $ 98,392 $ 22,085 $ (71,090) $ 78,791 Comprehensive income (loss), net of taxes, available to common shareholders $ 78,998 $ (49,387) $ 98,392 $ 22,292 $ (71,297) $ 78,998 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Six Months Ended June 30, 2018 Parent Non- (in thousands) Guarantor Issuer Guarantors Guarantors Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 229,309 $ — $ 229,309 Food and beverage — — — 273,992 — 273,992 Other hotel revenue — — 153,016 62,614 (162,064) 53,566 Entertainment — — — 65,461 (24) 65,437 Total revenues — — 153,016 631,376 (162,088) 622,304 Operating expenses: Rooms — — — 58,987 — 58,987 Food and beverage — — — 144,372 — 144,372 Other hotel expenses — — 22,877 282,528 (152,790) 152,615 Management fees, net — — — 15,765 — 15,765 Total hotel operating expenses — — 22,877 501,652 (152,790) 371,739 Entertainment — — — 49,644 (24) 49,620 Corporate 125 725 2 15,117 — 15,969 Preopening costs — — — 3,672 — 3,672 Corporate overhead allocation 5,110 — 4,164 — (9,274) — Depreciation and amortization — — 30,035 28,626 — 58,661 Total operating expenses 5,235 725 57,078 598,711 (162,088) 499,661 Operating income (loss) (5,235) (725) 95,938 32,665 — 122,643 Interest expense — (36,341) — (13) — (36,354) Interest income — — — 5,519 — 5,519 Loss from joint ventures — — — (1,242) — (1,242) Other gains and (losses), net — — — 204 — 204 Income (loss) before income taxes (5,235) (37,066) 95,938 37,133 — 90,770 Provision for income taxes — — (84) (7,801) — (7,885) Equity in subsidiaries’ earnings, net 88,120 — — — (88,120) — Net income (loss) $ 82,885 $ (37,066) $ 95,854 $ 29,332 $ (88,120) $ 82,885 Comprehensive income (loss) $ 83,047 $ (37,066) $ 95,854 $ 29,494 $ (88,282) $ 83,047
Condensed Consolidating Statement of Cash Flows	RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Six Months Ended June 30, 2019 Parent Non- (in thousands) Guarantor Issuer Guarantors Guarantor Eliminations Consolidated Net cash provided by (used in) operating activities $ 94,549 $ (921) $ 17,768 $ 27,228 $ — $ 138,624 Purchases of property and equipment — — (17,812) (51,262) — (69,074) Collection of notes receivable — — — 10,446 — 10,446 Other investing activities — — — (2,282) — (2,282) Net cash used in investing activities — — (17,812) (43,098) — (60,910) Net borrowings under revolving credit facility — 4,000 — — — 4,000 Repayments under term loan B — (1,250) — — — (1,250) Borrowings under Gaylord Rockies construction and mezzanine loans — — — 37,653 — 37,653 Deferred financing costs paid — — — (27) — (27) Payment of dividends (90,724) — — — — (90,724) Distribution from consolidated joint venture to noncontrolling interest partners — — — (10,591) — (10,591) Payment of tax withholdings for share-based compensation (3,876) — — — — (3,876) Other financing activities — — — 7,106 — 7,106 Net cash provided by (used in) financing activities (94,600) 2,750 — 34,141 — (57,709) Net change in cash, cash equivalents, and restricted cash (51) 1,829 (44) 18,271 — 20,005 Cash, cash equivalents, and restricted cash, beginning of period 81 657 54 148,297 — 149,089 Cash, cash equivalents, and restricted cash, end of period $ 30 $ 2,486 $ 10 $ 166,568 $ — $ 169,094 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Six Months Ended June 30, 2018 Parent Non- (in thousands) Guarantor Issuer Guarantors Guarantor Eliminations Consolidated Net cash provided by (used in) operating activities $ 88,925 $ (78,374) $ 39,783 $ 81,381 $ — $ 131,715 Purchases of property and equipment — — (39,789) (55,564) — (95,353) Purchase of remaining interest in Opry City Stage — — — (3,948) — (3,948) Other investing activities — — — (6,886) — (6,886) Net cash used in investing activities — — (39,789) (66,398) — (106,187) Net borrowings under revolving credit facility — 80,500 — — — 80,500 Repayments under term loan B — (1,250) — — — (1,250) Deferred financing costs paid — (637) — — — (637) Payment of dividends (85,110) — — — — (85,110) Payment of tax withholdings for share-based compensation (3,771) — — — — (3,771) Other financing activities — — — (10) — (10) Net cash provided by (used in) financing activities (88,881) 78,613 — (10) — (10,278) Net change in cash, cash equivalents, and restricted cash 44 239 (6) 14,973 — 15,250 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 $ 82 $ 998 $ 30 $ 92,850 $ — $ 93,960

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019
Schedule of Equity Method Investments [Line Items]
Right-of-use asset		$ 100,900
Operating lease liabilities	$ 104,718	100,900
Straight-line lease liability		100,100
Right-of-use assets, net		$ 800
ASU 2018-02 [Member]
Schedule of Equity Method Investments [Line Items]
Cumulative prior period adjustment to retained earnings	$ 2,700
Gaylord Rockies [Member]
Schedule of Equity Method Investments [Line Items]
Equity interest (as a percent)	61.20%

Revenues - Revenues Disaggregat

Revenues - Revenues Disaggregated by Major Source (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Total revenues	$ 407,719	$ 333,934	$ 778,494	$ 622,304
Rooms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	144,704	121,745	276,916	229,309
Hotel Group Rooms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	106,068	89,329	208,760	172,546
Hotel Transient Rooms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	38,636	32,416	68,156	56,763
Food and Beverage [Member]
Disaggregation of Revenue [Line Items]
Total revenues	173,030	141,053	344,173	273,992
Hotel Food And Beverage Banquets [Member]
Disaggregation of Revenue [Line Items]
Total revenues	123,521	101,719	249,717	197,987
Hotel Food And Beverage Outlets [Member]
Disaggregation of Revenue [Line Items]
Total revenues	49,509	39,334	94,456	76,005
Hotel, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	39,395	28,958	73,550	53,566
Entertainment [Member]
Disaggregation of Revenue [Line Items]
Total revenues	50,590	42,178	83,855	65,437
Entertainment Admissions And Ticketing [Member]
Disaggregation of Revenue [Line Items]
Total revenues	21,960	21,207	35,583	32,067
Entertainment Food And Beverage [Member]
Disaggregation of Revenue [Line Items]
Total revenues	17,848	11,813	29,887	18,394
Entertainment Retail And Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 10,782	$ 9,158	$ 18,385	$ 14,976

Revenues - Hospitality Segment

Revenues - Hospitality Segment Revenues Disaggregated by Location (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Total revenues	$ 407,719	$ 333,934	$ 778,494	$ 622,304
Hospitality [Member]
Disaggregation of Revenue [Line Items]
Total revenues	357,129	291,756	694,639	556,867
Hospitality [Member] \| Gaylord Opryland [Member]
Disaggregation of Revenue [Line Items]
Total revenues	98,987	94,915	187,945	177,660
Hospitality [Member] \| Gaylord Palms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	47,357	50,274	107,273	108,170
Hospitality [Member] \| Gaylord Texan [Member]
Disaggregation of Revenue [Line Items]
Total revenues	69,326	58,611	141,365	116,968
Hospitality [Member] \| Gaylord National [Member]
Disaggregation of Revenue [Line Items]
Total revenues	78,128	79,687	143,758	140,443
Hospitality [Member] \| Gaylord Rockies [Member]
Disaggregation of Revenue [Line Items]
Total revenues	55,436		100,679
Hospitality [Member] \| AC Hotel [Member]
Disaggregation of Revenue [Line Items]
Total revenues	3,314	3,511	5,749	5,882
Hospitality [Member] \| Inn at Opryland [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 4,581	$ 4,758	$ 7,870	$ 7,744

Revenues - Additional Informati

Revenues - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Contract with Customer, Liability [Abstract]
Deferred revenues	$ 77.1	$ 69.3
Change in Contract with Customer, Liability [Abstract]
Revenue recognized	$ 47.6

Income Per Share (Details)

Income Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
Income Per Share (Details) - shares shares in Thousands	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted average shares outstanding - basic (in shares)	51,440	51,303	51,395	51,259
Effect of dilutive stock-based compensation (in shares)	118	173	167	200
Effect of dilutive put rights (in shares)	268		268
Weighted average shares outstanding - diluted (in shares)	51,826	51,476	51,830	51,459

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Summary of Changes in Accumulated Other Comprehensive Loss by Component (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		$ 469,577			$ 469,577
Other Comprehensive Income (Loss), Net of Tax	$ 98	109	$ 84	$ 78
Ending balance	435,024				435,024
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(21,814)		(20,149)	(21,814)	$ (20,149)
Amounts reclassified from accumulated other comprehensive loss					39	(9)
Income tax benefit					(2)	(5)
Net other comprehensive income					41	(4)
Tax benefit and Translation adjustment related to adoption of ASU	(2,707)				(2,707)
Ending balance	(24,480)		(20,153)		(24,480)	(20,153)
Accumulated Other-than-Temporary Impairment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(6,210)		(6,543)	(6,210)	(6,543)
Amounts reclassified from accumulated other comprehensive loss					166	166
Net other comprehensive income					166	166
Ending balance	(6,044)		(6,377)		(6,044)	(6,377)
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(28,024)		(26,692)	(28,024)	(26,692)
Amounts reclassified from accumulated other comprehensive loss					205	157
Income tax benefit					(2)	(5)
Net other comprehensive income					207	162
Other Comprehensive Income (Loss), Net of Tax	98	$ 109	84	$ 78
Tax benefit and Translation adjustment related to adoption of ASU	(2,707)				(2,707)
Ending balance	$ (30,524)		$ (26,530)		$ (30,524)	$ (26,530)

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Right-of-use finance lease assets	$ 1,551
Property and equipment, gross	4,757,918	$ 4,688,518
Accumulated depreciation	(1,623,712)	(1,539,423)
Property and equipment, net	3,134,206	3,149,095
Land and land improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	347,834	347,654
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,416,455	3,379,041
Furniture, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	953,797	913,528
Construction-in-progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 38,281	$ 48,295

Notes Receivable - General Info

Notes Receivable - General Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying values	$ 113,275	$ 122,209
Bonds A Series [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maturity date of notes receivable	Jul. 1, 2034
Bonds A Series [Member] \| Gaylord Rockies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maturity date of notes receivable	Dec. 1, 2030
Bonds B Series [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maturity date of notes receivable	Sep. 1, 2037
Bonds B Series [Member] \| Gaylord Rockies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maturity date of notes receivable	Dec. 1, 2040
Bonds A and B Series [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying values	$ 113,300	111,000
Bonds A and B Series [Member] \| Gaylord Rockies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying values		$ 11,200

Notes Receivable - Interest Inc

Notes Receivable - Interest Income and Payments Received (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income	$ 2,970	$ 2,766	$ 5,878	$ 5,519
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income	$ 2,600	$ 2,700	5,100	5,300
Payment received relating to notes receivables			$ 3,000	$ 3,100

Debt - Debt and Capital Lease O

Debt - Debt and Capital Lease Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Finance lease obligations	$ 1,337	$ 618
Other	7,220
Total debt	2,494,103	2,441,895
$500M Construction Loan (Gaylord Rockies JV) [Member]
Debt Instrument [Line Items]
Long-term debt	494,361	457,090
$39M Mezzanine Loan (Gaylord Rockies JV) [Member]
Debt Instrument [Line Items]
Long-term debt	38,887	37,488
Line of Credit [Member] \| $700 Million Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term debt	523,755	518,458
Secured Debt [Member] \| $200 Million Term Loan A [Member]
Debt Instrument [Line Items]
Long-term debt	198,952	198,780
Secured Debt [Member] \| $500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Long-term debt	485,133	485,943
Senior Notes [Member] \| $350 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	348,118	347,615
Senior Notes [Member] \| $400 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 396,340	$ 395,903

Debt - General Information (Det

Debt - General Information (Details) - USD ($)	6 Months Ended	12 Months Ended
Debt - General Information (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
$500M Construction Loan (Gaylord Rockies JV) [Member]
Debt Instrument [Line Items]
Face amount	$ 500,000,000	$ 500,000,000
Debt instrument, maturity date	Dec. 18, 2019
Unamortized deferred financing costs	$ 903,000	1,807,000
$500M Construction Loan (Gaylord Rockies JV) [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)	3.25%
$39M Mezzanine Loan (Gaylord Rockies JV) [Member]
Debt Instrument [Line Items]
Face amount	$ 39,000,000	39,000,000
Debt instrument, maturity date	Dec. 18, 2019
Unamortized deferred financing costs	$ 113,000	227,000
$39M Mezzanine Loan (Gaylord Rockies JV) [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)	7.00%
Line of Credit [Member] \| Revolving Credit Facility [Member] \| $700 Million Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 700,000,000	700,000,000
Credit facility, maturity date	May 23, 2021
Unamortized deferred financing costs	$ 5,245,000	6,542,000
Line of Credit [Member] \| Revolving Credit Facility [Member] \| $700 Million Revolving Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)	1.80%
Secured Debt [Member] \| $200 Million Term Loan A [Member]
Debt Instrument [Line Items]
Face amount	$ 200,000,000	200,000,000
Credit facility, maturity date	May 23, 2022
Unamortized deferred financing costs	$ 1,048,000	1,220,000
Secured Debt [Member] \| $200 Million Term Loan A [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)	1.75%
Secured Debt [Member] \| $500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Face amount	$ 500,000,000	500,000,000
Credit facility, maturity date	May 11, 2024
Unamortized deferred financing costs	$ 4,867,000	$ 5,307,000
Percentage of amortization of original principal balance (as a percent)	1.00%	1.00%
Secured Debt [Member] \| $500 Million Term Loan B [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)	2.00%
Senior Notes [Member] \| $350 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 350,000,000	$ 350,000,000
Stated interest rate (as a percent)	5.00%
Debt instrument, maturity date	Apr. 15, 2021
Unamortized deferred financing costs	$ 1,882,000	2,385,000
Senior Notes [Member] \| $400 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 400,000,000	400,000,000
Stated interest rate (as a percent)	5.00%
Debt instrument, maturity date	Apr. 15, 2023
Unamortized deferred financing costs	$ 3,660,000	$ 4,097,000

Deferred Management Rights Pr_2

Deferred Management Rights Proceeds (Details) - USD ($) $ in Millions	Oct. 01, 2012	Jun. 30, 2019
Deferred Management Rights Proceeds
Sales price of management rights and intellectual property	$ 210
Purchase price to the Management Rights	$ 190
Term of management rights for income amortization		65 years

Leases (Details)

Leases (Details)	6 Months Ended
Leases (Details)	Jun. 30, 2019a
Ole Red [Member] \| Minimum [Member]
Lessee, Lease, Description [Line Items]
Operating lease, term of lease	5 years
Operating lease, renewal term	1 year
Ole Red [Member] \| Maximum [Member]
Lessee, Lease, Description [Line Items]
Operating lease, term of lease	10 years
Operating lease, renewal term	40 years
Land in Osceola County, Florida [Member]
Lessee, Lease, Description [Line Items]
Area of leased property	65.3
Lease expiration year	2074
Expiration date of lease under extension	Jan. 31, 2101

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Leases
Operating lease cost	$ 3,229		$ 6,575
Amortization of right-of-use assets	36		77
Interest on lease liabilities	14		31
Components of lease cost
Net lease cost	$ 3,279		$ 6,683
Lease expense for operating leases		$ 3,400		$ 6,600

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Operating Lease Liabilities, Payments Due [Abstract]
Year 1	$ 5,862
Year 2	6,029
Year 3	5,758
Year 4	5,746
Year 5	5,838
Years thereafter	577,002
Total future minimum lease payments	606,235
Less amount representing interest	(501,517)
Total present value of minimum payments	104,718	$ 100,900
Finance Lease Liabilities, Payments, Due [Abstract]
Year 1	244
Year 2	244
Year 3	229
Year 4	218
Year 5	118
Years thereafter	606
Total future minimum lease payments	1,659
Less amount representing interest	(322)
Total present value of minimum payments	$ 1,337		$ 618

Leases - Discount Rate (Details

Leases - Discount Rate (Details)	Jun. 30, 2019
Weighted-average remaining lease term (years):
Operating leases	51 years 3 months 18 days
Finance leases	10 years 7 months 6 days
Operating leases	6.80%
Finance leases	4.00%

Stock Plans - Restricted Stock

Stock Plans - Restricted Stock Units - Weighted-Average Grant Date Fair Value of Units Granted (Details) - Restricted Stock Units (RSUs) - $ / shares shares in Millions	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Restricted stock award granted by Company (in shares)	0.1
Weighted-average grant-date fair value of restricted stock awards granted (in dollars per share)	$ 90.05
Restricted stock award, outstanding (in shares)	0.3	0.4

Stock Plans - Compensation Expe

Stock Plans - Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Stock Plans
Compensation cost on stock-based compensation plans	$ 1.9	$ 2	$ 4	$ 3.9

Pension and Postretirement Be_3

Pension and Postretirement Benefits Other Than Pension Plans - Net Periodic Benefit Cost (Credit) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Pension Plan [Member] \| Qualified Plan [Member]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Interest cost	$ 878	$ 803	$ 1,756	$ 1,614
Expected return on plan assets	(943)	(1,070)	(1,887)	(2,172)
Amortization of net actuarial loss	286	264	573	519
Total net periodic benefit cost (credit)	221	(3)	442	(39)
Postretirement Health Coverage [Member]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Interest cost	25	24	50	48
Amortization of net actuarial loss	62	65	123	129
Amortization of prior service credit	(329)	(329)	(657)	(657)
Total net periodic benefit cost (credit)	$ (242)	$ (240)	$ (484)	$ (480)

Income Taxes - Income Tax Provi

Income Taxes - Income Tax Provision (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Income Tax Expense (Benefit), Continuing Operations [Abstract]
Provision for income taxes	$ 8,232	$ 5,676	$ 10,206	$ 7,885
Unrecognized tax benefits	$ 0		$ 0		$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) - New Country Ventures [Member] $ in Millions	1 Months Ended
	Apr. 30, 2019USD ($)
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Payments to Acquire Interest in Joint Venture	$ 2
Additional possible contribution	$ 13

Stockholders' Equity - Dividend

Stockholders' Equity - Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accumulated Other Comprehensive Loss
Dividends declared per common share (in dollars per share)	$ 0.90	$ 0.90	$ 0.85	$ 1.80	$ 1.70
Aggregated dividend paid	$ 46.3	$ 46.3
Dividend payable date declared	Jun. 18, 2019			Feb. 26, 2019
Common stock Dividend Payable Date	Jul. 15, 2019	Apr. 15, 2019
Dividend payable date of record	Jun. 28, 2019	Mar. 29, 2019

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan investments	$ 27,435	$ 24,687
Total assets measured at fair value	27,435	24,687
Fair Value, Measurements, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan investments	27,435	24,687
Total assets measured at fair value	$ 27,435	$ 24,687

Financial Reporting By Busine_3

Financial Reporting By Business Segments - General Information (Details)	6 Months Ended
	Jun. 30, 2019segment
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Number of business segments	3

Financial Reporting By Busine_4

Financial Reporting By Business Segments - Internal Financial Reports (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenues	$ 407,719	$ 333,934	$ 778,494	$ 622,304
Depreciation and amortization	53,553	29,995	106,562	58,661
Preopening costs	24	(1,525)	(2,110)	(3,672)
Operating income	85,316	76,699	139,280	122,643
Interest expense	(33,492)	(19,625)	(65,579)	(36,354)
Interest income	2,970	2,766	5,878	5,519
Loss from joint ventures	(167)	1,346	(167)	(1,242)
Income before income taxes	54,516	61,222	79,160	90,770
Hospitality [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenues	357,129	291,756	694,639	556,867
Depreciation and amortization	50,331	27,233	100,464	53,433
Operating income	79,093	76,702	139,447	131,695
Entertainment [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenues	50,590	42,178	83,855	65,437
Depreciation and amortization	2,830	2,315	5,309	4,272
Operating income	14,701	9,609	19,846	11,545
Corporate and Other [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Depreciation and amortization	392	447	789	956
Operating income	$ (8,502)	$ (8,087)	$ (17,903)	$ (16,925)

Subsequent Events (Details)

Subsequent Events (Details)	Jul. 31, 2019USD ($)	Jul. 02, 2019USD ($)item	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Subsequent Event [Line Items]
Write-off of deferred financing costs					$ 1,956,000
Gaylord Rockies [Member]
Subsequent Event [Line Items]
Equity interest (as a percent)				61.20%
$500M Construction Loan (Gaylord Rockies JV) [Member]
Subsequent Event [Line Items]
Face amount				$ 500,000,000		$ 500,000,000
Debt instrument, maturity date				Dec. 18, 2019
$500M Construction Loan (Gaylord Rockies JV) [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Subsequent Event [Line Items]
Spread rate (as a percent)				3.25%
$39M Mezzanine Loan (Gaylord Rockies JV) [Member]
Subsequent Event [Line Items]
Face amount				$ 39,000,000		39,000,000
Debt instrument, maturity date				Dec. 18, 2019
$39M Mezzanine Loan (Gaylord Rockies JV) [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Subsequent Event [Line Items]
Spread rate (as a percent)				7.00%
Line of Credit [Member] \| $700 Million Revolving Credit Facility [Member] \| Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Maximum borrowing capacity				$ 700,000,000		$ 700,000,000
Line of Credit [Member] \| $700 Million Revolving Credit Facility [Member] \| Revolving Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Subsequent Event [Line Items]
Spread rate (as a percent)				1.80%
Subsequent Event \| Gaylord Rockies [Member]
Subsequent Event [Line Items]
Distribution received		$ 153,000,000
Additional equity interest (as a percent)	0.90%
Purchase price	$ 5,500,000
Equity interest (as a percent)	62.10%
Subsequent Event \| $800M Secured Term Loan Facility (Gaylord Rockies JV) \| Gaylord Rockies [Member]
Subsequent Event [Line Items]
Face amount		$ 800,000,000
Debt instrument, maturity date		Jul. 2, 2023
Number of options \| item		3
Extended term		1 year
Percentage of guarantee repayment of principal debt		10.00%
Write-off of deferred financing costs			$ 1,100,000
Subsequent Event \| $800M Secured Term Loan Facility (Gaylord Rockies JV) \| Interest Rate Swap \| Gaylord Rockies [Member]
Subsequent Event [Line Items]
Interest rate (as a percent)		1.65%
Interest rate swap period		3 years
Subsequent Event \| $800M Secured Term Loan Facility (Gaylord Rockies JV) \| London Interbank Offered Rate (LIBOR) [Member] \| Gaylord Rockies [Member]
Subsequent Event [Line Items]
Spread rate (as a percent)		2.50%
Subsequent Event \| $80M Additional facility (Gaylord Rockies JV) \| Gaylord Rockies [Member]
Subsequent Event [Line Items]
Face amount		$ 80,000,000

Information Concerning Guaran_3

Information Concerning Guarantor and Non-Guarantor Subsidiaries - General Information (Details)	6 Months Ended
	Jun. 30, 2019USD ($)entity	Dec. 31, 2018USD ($)
Condensed Financial Statements, Captions [Line Items]
Number of wholly-owned subsidiaries \| entity	4
Ownership percentage in subsidiaries (as a percent)	100.00%
Senior Notes [Member] \| $350 Million 5% Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Face amount	$ 350,000,000	$ 350,000,000
Stated interest rate (as a percent)	5.00%
Senior Notes [Member] \| $400 Million 5% Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Face amount	$ 400,000,000	$ 400,000,000
Stated interest rate (as a percent)	5.00%

Information Concerning Guaran_4

Information Concerning Guarantor and Non-Guarantor Subsidiaries - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018	Jun. 30, 2018
ASSETS:
Property and equipment, net of accumulated depreciation	$ 3,134,206		$ 3,149,095
Cash and cash equivalents - unrestricted (including $32,455 and $11,648 from VIEs, respectively)	103,842		103,437	$ 61,779
Cash and cash equivalents - restricted (including $20,770 and $5 from VIEs, respectively)	65,252		45,652	$ 32,181
Notes receivable	113,275		122,209
Trade receivables, less allowance	90,532		67,923
Deferred income tax assets, net	32,372		40,557
Prepaid expenses and other assets	85,310		78,240
Intangible assets	227,128		246,770
Total assets	3,851,917		3,853,883
LIABILITIES AND EQUITY:
Debt and capital lease obligations	2,494,103		2,441,895
Accounts payable and accrued liabilities	244,418		274,890
Dividends payable	47,207		45,019
Deferred management rights proceeds	176,879		174,026
Operating lease liabilities	104,718	$ 100,900
Other liabilities	61,850		161,043
Commitments and contingencies
Noncontrolling interest in consolidated joint venture	287,718		287,433
Stockholders' equity:
Preferred stock
Common stock	514		513
Additional paid-in-capital	901,129		900,795
Treasury stock	(15,687)		(15,183)
Accumulated deficit	(420,408)		(388,524)
Accumulated other comprehensive loss	(30,524)		(28,024)
Total stockholders' equity	435,024		469,577
Total liabilities and stockholders' equity	3,851,917		3,853,883
Reportable Legal Entities [Member] \| Parent Company [Member]
ASSETS:
Cash and cash equivalents - unrestricted (including $32,455 and $11,648 from VIEs, respectively)	30		81
Investments	1,080,405		1,101,740
Total assets	1,080,435		1,101,821
LIABILITIES AND EQUITY:
Accounts payable and accrued liabilities	25		50
Dividends payable	47,207		45,019
Intercompany payables, net	598,179		587,175
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	514		513
Additional paid-in-capital	901,129		900,795
Treasury stock	(15,687)		(15,183)
Accumulated deficit	(420,408)		(388,524)
Accumulated other comprehensive loss	(30,524)		(28,024)
Total stockholders' equity	435,024		469,577
Total liabilities and stockholders' equity	1,080,435		1,101,821
Reportable Legal Entities [Member] \| Subsidiary Issuer [Member]
ASSETS:
Cash and cash equivalents - unrestricted (including $32,455 and $11,648 from VIEs, respectively)	2,486		657
Prepaid expenses and other assets	13,100		34
Investments	2,950,457		2,950,457
Total assets	2,966,043		2,951,148
LIABILITIES AND EQUITY:
Debt and capital lease obligations	1,952,297		1,946,699
Accounts payable and accrued liabilities	13,932		13,752
Intercompany payables, net	995,358		846,478
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	1		1
Additional paid-in-capital	408,746		499,122
Accumulated deficit	(404,291)		(354,904)
Total stockholders' equity	4,456		144,219
Total liabilities and stockholders' equity	2,966,043		2,951,148
Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
ASSETS:
Property and equipment, net of accumulated depreciation	1,633,805		1,646,946
Cash and cash equivalents - unrestricted (including $32,455 and $11,648 from VIEs, respectively)	10		54
Deferred income tax assets, net	(413)		(444)
Prepaid expenses and other assets	7
Intercompany receivables, net	2,009,211		1,895,086
Investments	710,065		710,516
Total assets	4,352,685		4,252,158
LIABILITIES AND EQUITY:
Accounts payable and accrued liabilities	7,051		7,253
Operating lease liabilities	102,405
Other liabilities			100,068
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	1		1
Additional paid-in-capital	2,895,842		2,895,842
Accumulated deficit	1,347,386		1,248,994
Total stockholders' equity	4,243,229		4,144,837
Total liabilities and stockholders' equity	4,352,685		4,252,158
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member]
ASSETS:
Property and equipment, net of accumulated depreciation	1,500,401		1,502,149
Cash and cash equivalents - unrestricted (including $32,455 and $11,648 from VIEs, respectively)	101,316		102,645
Cash and cash equivalents - restricted (including $20,770 and $5 from VIEs, respectively)	65,252		45,652
Notes receivable	113,275		122,209
Trade receivables, less allowance	90,532		67,923
Deferred income tax assets, net	32,785		41,001
Prepaid expenses and other assets	101,115		79,460
Intangible assets	227,128		246,770
Investments	1,893,053		1,898,756
Total assets	4,124,857		4,106,565
LIABILITIES AND EQUITY:
Debt and capital lease obligations	554,664		495,196
Accounts payable and accrued liabilities	234,341		255,089
Deferred management rights proceeds	176,879		174,026
Operating lease liabilities	7,436
Other liabilities	61,850		60,975
Intercompany payables, net	415,674		461,433
Commitments and contingencies
Noncontrolling interest in consolidated joint venture	287,718		287,433
Stockholders' equity:
Preferred stock
Common stock	2,387		2,387
Additional paid-in-capital	2,662,431		2,668,134
Accumulated deficit	(247,999)		(270,084)
Accumulated other comprehensive loss	(30,524)		(28,024)
Total stockholders' equity	2,386,295		2,372,413
Total liabilities and stockholders' equity	4,124,857		4,106,565
Consolidation, Eliminations [Member]
ASSETS:
Prepaid expenses and other assets	(28,912)		(1,254)
Intercompany receivables, net	(2,009,211)		(1,895,086)
Investments	(6,633,980)		(6,661,469)
Total assets	(8,672,103)		(8,557,809)
LIABILITIES AND EQUITY:
Debt and capital lease obligations	(12,858)
Accounts payable and accrued liabilities	(10,931)		(1,254)
Operating lease liabilities	(5,123)
Intercompany payables, net	(2,009,211)		(1,895,086)
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	(2,389)		(2,389)
Additional paid-in-capital	(5,967,019)		(6,063,098)
Accumulated deficit	(695,096)		(624,006)
Accumulated other comprehensive loss	30,524		28,024
Total stockholders' equity	(6,633,980)		(6,661,469)
Total liabilities and stockholders' equity	$ (8,672,103)		$ (8,557,809)

Information Concerning Guaran_5

Information Concerning Guarantor and Non-Guarantor Subsidiaries - Condensed Consolidating Statement of Operations and Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues:
Total revenues	$ 407,719		$ 333,934		$ 778,494	$ 622,304
Operating expenses:
Total hotel operating expenses	227,705		187,821		454,728	371,739
Corporate	8,110		7,640		17,114	15,969
Preopening costs	(24)		1,525		2,110	3,672
Depreciation and amortization	53,553		29,995		106,562	58,661
Total operating expenses	322,403		257,235		639,214	499,661
Operating income (loss)	85,316		76,699		139,280	122,643
Interest expense	(33,492)		(19,625)		(65,579)	(36,354)
Interest income	2,970		2,766		5,878	5,519
Loss from joint ventures	(167)		1,346		(167)	(1,242)
Other gains and (losses), net	(111)		36		(252)	204
Income (loss) before income taxes	54,516		61,222		79,160	90,770
Provision for income taxes	(8,232)		(5,676)		(10,206)	(7,885)
Net Income	46,284		55,546		68,954	82,885
Comprehensive income, net of taxes	46,382		55,630		69,161	83,047
Net income	49,383	$ 29,408	55,546	$ 27,339	78,791	82,885
Comprehensive income (loss)	49,481		55,630		78,998	83,047
Rooms [Member]
Revenues:
Total revenues	144,704		121,745		276,916	229,309
Operating expenses:
Total hotel operating expenses	36,099		30,059		71,068	58,987
Food and Beverage [Member]
Revenues:
Total revenues	173,030		141,053		344,173	273,992
Operating expenses:
Total hotel operating expenses	90,680		72,394		182,039	144,372
Hotel, Other [Member]
Revenues:
Total revenues	39,395		28,958		73,550	53,566
Operating expenses:
Total hotel operating expenses	90,527		76,733		181,466	152,615
Management Fees [Member]
Operating expenses:
Total hotel operating expenses	10,399		8,635		20,155	15,765
Entertainment [Member]
Revenues:
Total revenues	50,590		42,178		83,855	65,437
Operating expenses:
Total hotel operating expenses	33,059		30,254		58,700	49,620
Reportable Legal Entities [Member] \| Parent Company [Member]
Operating expenses:
Corporate	62		62		125	125
Corporate overhead allocation	1,014		2,495		2,011	5,110
Total operating expenses	1,076		2,557		2,136	5,235
Operating income (loss)	(1,076)		(2,557)		(2,136)	(5,235)
Income (loss) before income taxes	(1,076)		(2,557)		(2,136)	(5,235)
Equity in subsidiaries' earnings, net	47,360		58,103		71,090	88,120
Net Income	46,284		55,546		68,954	82,885
Comprehensive income, net of taxes	46,382		55,630		69,161	83,047
Net income	49,383				78,791
Comprehensive income (loss)	49,481				78,998
Reportable Legal Entities [Member] \| Subsidiary Issuer [Member]
Operating expenses:
Corporate	429		364		880	725
Total operating expenses	429		364		880	725
Operating income (loss)	(429)		(364)		(880)	(725)
Interest expense	(24,826)		(19,618)		(48,665)	(36,341)
Interest income	150				158
Income (loss) before income taxes	(25,105)		(19,982)		(49,387)	(37,066)
Net Income	(25,105)		(19,982)		(49,387)	(37,066)
Comprehensive income, net of taxes	(25,105)		(19,982)		(49,387)	(37,066)
Net income	(25,105)				(49,387)
Comprehensive income (loss)	(25,105)				(49,387)
Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Total revenues	81,066		76,773		161,476	153,016
Operating expenses:
Total hotel operating expenses	12,245		11,050		24,297	22,877
Corporate	2		2		3	2
Corporate overhead allocation	2,948		2,038		6,006	4,164
Depreciation and amortization	16,482		15,305		32,732	30,035
Total operating expenses	31,677		28,395		63,038	57,078
Operating income (loss)	49,389		48,378		98,438	95,938
Income (loss) before income taxes	49,389		48,378		98,438	95,938
Provision for income taxes	(8)		(449)		(46)	(84)
Net Income	49,381		47,929		98,392	95,854
Comprehensive income, net of taxes	49,381		47,929		98,392	95,854
Net income	49,381				98,392
Comprehensive income (loss)	49,381				98,392
Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member] \| Hotel, Other [Member]
Revenues:
Total revenues	81,066		76,773		161,476	153,016
Operating expenses:
Total hotel operating expenses	12,245		11,050		24,297	22,877
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member]
Revenues:
Total revenues	422,492		338,352		808,060	631,376
Operating expenses:
Total hotel operating expenses	307,337		253,429		613,403	501,652
Corporate	7,617		7,212		16,106	15,117
Preopening costs	(24)		1,525		2,110	3,672
Depreciation and amortization	37,071		14,690		73,830	28,626
Total operating expenses	385,060		307,110		764,202	598,711
Operating income (loss)	37,432		31,242		43,858	32,665
Interest expense	(8,987)		(7)		(17,341)	(13)
Interest income	3,141		2,766		6,147	5,519
Loss from joint ventures	(167)		1,346		(167)	(1,242)
Other gains and (losses), net	(111)		36		(252)	204
Income (loss) before income taxes	31,308		35,383		32,245	37,133
Provision for income taxes	(8,224)		(5,227)		(10,160)	(7,801)
Net Income	23,084		30,156		22,085	29,332
Comprehensive income, net of taxes	23,182		30,240		22,292	29,494
Net income	23,084				22,085
Comprehensive income (loss)	23,182				22,292
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member] \| Rooms [Member]
Revenues:
Total revenues	144,704		121,745		276,916	229,309
Operating expenses:
Total hotel operating expenses	36,099		30,059		71,068	58,987
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member] \| Food and Beverage [Member]
Revenues:
Total revenues	173,030		141,053		344,173	273,992
Operating expenses:
Total hotel operating expenses	90,680		72,394		182,039	144,372
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member] \| Hotel, Other [Member]
Revenues:
Total revenues	53,619		33,376		102,043	62,614
Operating expenses:
Total hotel operating expenses	170,159		142,341		340,141	282,528
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member] \| Management Fees [Member]
Operating expenses:
Total hotel operating expenses	10,399		8,635		20,155	15,765
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member] \| Entertainment [Member]
Revenues:
Total revenues	51,139		42,178		84,928	65,461
Operating expenses:
Total hotel operating expenses	33,059		30,254		58,753	49,644
Consolidation, Eliminations [Member]
Revenues:
Total revenues	(95,839)		(81,191)		(191,042)	(162,088)
Operating expenses:
Total hotel operating expenses	(91,877)		(76,658)		(182,972)	(152,790)
Corporate overhead allocation	(3,962)		(4,533)		(8,017)	(9,274)
Total operating expenses	(95,839)		(81,191)		(191,042)	(162,088)
Interest expense	321				427
Interest income	(321)				(427)
Equity in subsidiaries' earnings, net	(47,360)		(58,103)		(71,090)	(88,120)
Net Income	(47,360)		(58,103)		(71,090)	(88,120)
Comprehensive income, net of taxes	(47,458)		(58,187)		(71,297)	(88,282)
Net income	(47,360)				(71,090)
Comprehensive income (loss)	(47,458)				(71,297)
Consolidation, Eliminations [Member] \| Hotel, Other [Member]
Revenues:
Total revenues	(95,290)		(81,191)		(189,969)	(162,064)
Operating expenses:
Total hotel operating expenses	(91,877)		$ (76,658)		(182,972)	(152,790)
Consolidation, Eliminations [Member] \| Entertainment [Member]
Revenues:
Total revenues	$ (549)				(1,073)	(24)
Operating expenses:
Total hotel operating expenses					$ (53)	$ (24)

Information Concerning Guaran_6

Information Concerning Guarantor and Non-Guarantor Subsidiaries - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash Flows from Operating Activities:
Net cash provided by (used in) operating activities	$ 138,624	$ 131,715
Net Cash Provided by (Used in) Investing Activities [Abstract]
Purchases of property and equipment	(69,074)	(95,353)
Other investing activities	(2,282)	(6,886)
Net cash used in investing activities	(60,910)	(106,187)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Net borrowings under revolving credit facility	4,000	80,500
Repayments under term loan B	(1,250)	(1,250)
Deferred financing costs paid	(27)	(637)
Payment of dividends	(90,724)	(85,110)
Distribution from consolidated joint venture to noncontrolling interest partners	(10,591)
Payment of tax withholdings for share-based compensation	(3,876)	(3,771)
Other financing activities	7,106	(10)
Net cash flows used in financing activities	(57,709)	(10,278)
Net change in cash, cash equivalents, and restricted cash	20,005	15,250
Cash, cash equivalents, and restricted cash, beginning of period	149,089	78,710
Cash, cash equivalents, and restricted cash, end of period	169,094	93,960
Gaylord Rockies [Member]
Net Cash Provided by (Used in) Financing Activities [Abstract]
Borrowings under Gaylord Rockies construction and mezzanine loans	37,653
Gaylord Rockies [Member] \| Bonds A and B Series [Member]
Net Cash Provided by (Used in) Investing Activities [Abstract]
Collection of notes receivable	10,446
Opry City Stage [Member]
Net Cash Provided by (Used in) Investing Activities [Abstract]
Purchase of remaining interest in Opry City Stage		(3,948)
Reportable Legal Entities [Member] \| Parent Company [Member]
Cash Flows from Operating Activities:
Net cash provided by (used in) operating activities	94,549	88,925
Net Cash Provided by (Used in) Financing Activities [Abstract]
Payment of dividends	(90,724)	(85,110)
Payment of tax withholdings for share-based compensation	(3,876)	(3,771)
Net cash flows used in financing activities	(94,600)	(88,881)
Net change in cash, cash equivalents, and restricted cash	(51)	44
Cash, cash equivalents, and restricted cash, beginning of period	81	38
Cash, cash equivalents, and restricted cash, end of period	30	82
Reportable Legal Entities [Member] \| Subsidiary Issuer [Member]
Cash Flows from Operating Activities:
Net cash provided by (used in) operating activities	(921)	(78,374)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Net borrowings under revolving credit facility	4,000	80,500
Repayments under term loan B	(1,250)	(1,250)
Deferred financing costs paid		(637)
Net cash flows used in financing activities	2,750	78,613
Net change in cash, cash equivalents, and restricted cash	1,829	239
Cash, cash equivalents, and restricted cash, beginning of period	657	759
Cash, cash equivalents, and restricted cash, end of period	2,486	998
Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Cash Flows from Operating Activities:
Net cash provided by (used in) operating activities	17,768	39,783
Net Cash Provided by (Used in) Investing Activities [Abstract]
Purchases of property and equipment	(17,812)	(39,789)
Net cash used in investing activities	(17,812)	(39,789)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Net change in cash, cash equivalents, and restricted cash	(44)	(6)
Cash, cash equivalents, and restricted cash, beginning of period	54	36
Cash, cash equivalents, and restricted cash, end of period	10	30
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member]
Cash Flows from Operating Activities:
Net cash provided by (used in) operating activities	27,228	81,381
Net Cash Provided by (Used in) Investing Activities [Abstract]
Purchases of property and equipment	(51,262)	(55,564)
Other investing activities	(2,282)	(6,886)
Net cash used in investing activities	(43,098)	(66,398)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Deferred financing costs paid	(27)
Distribution from consolidated joint venture to noncontrolling interest partners	(10,591)
Other financing activities	7,106	(10)
Net cash flows used in financing activities	34,141	(10)
Net change in cash, cash equivalents, and restricted cash	18,271	14,973
Cash, cash equivalents, and restricted cash, beginning of period	148,297	77,877
Cash, cash equivalents, and restricted cash, end of period	166,568	92,850
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member] \| Gaylord Rockies [Member]
Net Cash Provided by (Used in) Financing Activities [Abstract]
Borrowings under Gaylord Rockies construction and mezzanine loans	37,653
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member] \| Gaylord Rockies [Member] \| Bonds A and B Series [Member]
Net Cash Provided by (Used in) Investing Activities [Abstract]
Collection of notes receivable	$ 10,446
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member] \| Opry City Stage [Member]
Net Cash Provided by (Used in) Investing Activities [Abstract]
Purchase of remaining interest in Opry City Stage		$ (3,948)