Ryman Hospitality Properties (RHP) 10-Q 3 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 31, 2020
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
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, par value $.01
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		54,981,313
Entity Central Index Key	0001040829
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS:
Property and equipment, net of accumulated depreciation (including $944,731 and $979,012 from VIEs, respectively)	$ 3,128,617	$ 3,130,252
Cash and cash equivalents - unrestricted (including $17,713 and $33,772 from VIEs, respectively)	52,162	362,430
Cash and cash equivalents - restricted (including $7,198 and $3,653 from VIEs, respectively)	48,771	57,966
Notes receivable, net	70,381	110,135
Trade receivables, net (including $1,524 and $16,523 from VIEs, respectively)	13,657	70,768
Deferred income tax assets, net		25,959
Prepaid expenses and other assets (including $24,462 and $27,888 from VIEs, respectively)	97,165	123,845
Intangible assets (including $172,366 and $202,366 from VIEs, respectively)	176,998	207,113
Total assets	3,587,751	4,088,468
LIABILITIES AND EQUITY:
Debt and finance lease obligations (including $793,876 and $792,696 from VIEs, respectively)	2,586,972	2,559,968
Accounts payable and accrued liabilities (including $44,797 and $57,590 from VIEs, respectively)	214,231	264,915
Dividends payable	748	50,711
Deferred management rights proceeds	173,499	175,332
Operating lease liabilities	107,382	106,331
Deferred income tax liabilities, net	649
Other liabilities (including $21,994 and $2,174 from VIEs, respectively)	104,034	64,971
Total liabilities	3,187,515	3,222,228
Commitments and contingencies
Noncontrolling interest in consolidated joint venture	113,163	221,511
Equity:
Preferred stock, $.01 par value, 100,000 shares authorized, no shares issued or outstanding
Common stock, $.01 par value, 400,000 shares authorized, 54,981 and 54,897 shares issued and outstanding, respectively	550	549
Additional paid-in capital	1,190,160	1,185,168
Treasury stock of 648 and 619 shares, at cost	(18,467)	(17,315)
Accumulated deficit	(831,265)	(495,514)
Accumulated other comprehensive loss	(69,052)	(28,159)
Total stockholders' equity	271,926	644,729
Noncontrolling interest in Operating Partnership	15,147
Total equity	287,073	644,729
Total liabilities and equity	$ 3,587,751	$ 4,088,468

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Assets [Abstract]
Property and equipment, net of accumulated depreciation	$ 3,128,617	$ 3,130,252
Cash and cash equivalents - unrestricted	52,162	362,430
Cash and cash equivalents - restricted	48,771	57,966
Notes receivable, net	70,381	110,135
Trade receivables, less credit loss reserve	13,657	70,768
Prepaid expenses and other assets	97,165	123,845
Intangible assets	176,998	207,113
Debt and finance lease obligations	2,586,972	2,559,968
Accounts payable and accrued liabilities	214,231	264,915
Other liabilities	104,034	64,971
Accounts Receivable, Net [Abstract]
Credit loss reserve	$ 1,524	$ 16,523
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)	54,981,000	54,897,000
Common stock, shares outstanding (in shares)	54,981,000	54,897,000
Treasury Stock, Shares [Abstract]
Treasury stock, shares (in shares)	648,000	619,000
Variable Interest Entity [Member]
Assets [Abstract]
Property and equipment, net of accumulated depreciation	$ 944,731	$ 979,012
Cash and cash equivalents - unrestricted	17,713	33,772
Cash and cash equivalents - restricted	7,198	3,653
Prepaid expenses and other assets	24,462	27,888
Intangible assets	172,366	202,366
Debt and finance lease obligations	793,876	792,696
Accounts payable and accrued liabilities	44,797	57,590
Other liabilities	$ 21,994	$ 2,174

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues:
Total revenues	$ 70,249	$ 379,787	$ 397,960	$ 1,158,281
Operating expenses:
Total hotel operating expenses	86,990	225,696	359,920	680,424
Corporate	7,299	9,404	22,693	26,518
Preopening costs	96	164	1,597	2,274
Gain on sale of assets			(1,261)
Credit loss on held-to-maturity securities			32,784
Depreciation and amortization	53,876	53,998	161,232	160,560
Total operating expenses	173,415	323,284	637,111	962,498
Operating income (loss)	(103,166)	56,503	(239,151)	195,783
Interest expense	(28,127)	(35,261)	(87,527)	(100,840)
Interest income	1,540	2,878	5,765	8,756
Loss on extinguishment of debt		(494)		(494)
Loss from unconsolidated joint ventures	(1,767)	(308)	(5,482)	(475)
Other gains and (losses), net	1,729	1,109	(14,831)	857
Income (loss) before income taxes	(129,791)	24,427	(341,226)	103,587
Provision for income taxes	(86)	(3,537)	(27,046)	(13,743)
Net income (loss)	(129,877)	20,890	(368,272)	89,844
Net loss attributable to noncontrolling interest in consolidated joint venture	11,893	1,459	30,280	11,296
Net loss attributable to noncontrolling interest in Operating Partnership	325		325
Net income (loss) available to common stockholders	$ (117,659)	$ 22,349	$ (337,667)	$ 101,140
Basic income (loss) per share available to common stockholders	$ (2.14)	$ 0.43	$ (6.14)	$ 1.97
Diluted income (loss) per share available to common stockholders	$ (2.14)	$ 0.43	$ (6.14)	$ 1.95
Comprehensive income (loss), net of taxes	$ (134,302)	$ 13,297	$ (411,323)	$ 82,458
Comprehensive loss, net of taxes, attributable to noncontrolling interest	10,793	3,353	37,850	13,190
Comprehensive income (loss), net of taxes, available to common stockholders	(123,509)	16,650	(373,473)	95,648
Notes Receivable [Member]
Operating expenses:
Interest income	1,500	2,500	4,700	7,700
Bonds B Series [Member]
Operating expenses:
Credit loss on held-to-maturity securities	7,811		32,784
Rooms [Member]
Revenues:
Total revenues	24,487	134,950	133,417	411,866
Operating expenses:
Total hotel operating expenses	10,280	37,116	47,060	108,184
Food and Beverage [Member]
Revenues:
Total revenues	16,217	155,173	163,477	499,346
Operating expenses:
Total hotel operating expenses	19,233	88,584	114,935	270,623
Hotel, Other [Member]
Revenues:
Total revenues	17,274	38,134	57,060	111,684
Operating expenses:
Total hotel operating expenses	56,961	91,608	192,480	273,074
Management Fees [Member]
Operating expenses:
Total hotel operating expenses	516	8,388	5,445	28,543
Entertainment [Member]
Revenues:
Total revenues	12,271	51,530	44,006	135,385
Operating expenses:
Total hotel operating expenses	$ 17,343	$ 34,022	$ 60,146	$ 92,722

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash Flows from Operating Activities:
Net income	$ (368,272)	$ 89,844
Amounts to reconcile net income to net cash flows provided by operating activities:
Provision for deferred income taxes	26,607	10,865
Depreciation and amortization	161,232	160,560
Amortization of deferred financing costs	5,889	5,805
Credit loss on held-to-maturity securities	32,784
Forfeiture of Block21 earnest deposit	15,000
Write-off of deferred financing costs	246	2,833
Loss from unconsolidated joint ventures	5,482	475
Stock-based compensation expense	6,623	5,862
Changes in:
Trade receivables	56,950	(15,244)
Accounts payable and accrued liabilities	(57,024)	(19,905)
Other assets and liabilities	2,152	(9,954)
Net cash flows provided by (used in) operating activities	(112,331)	231,141
Cash Flows from Investing Activities:
Purchases of property and equipment	(124,581)	(109,603)
Collection of notes receivable	2,985	13,211
Investment in other joint ventures	(8,761)	(2,241)
Other investing activities, net	(1,304)	236
Net cash flows used in investing activities	(131,661)	(103,878)
Cash Flows from Financing Activities:
Net borrowings under revolving credit facility	35,000	(302,000)
Issuance of senior notes		500,000
Redemption of senior notes		(350,000)
Deferred financing costs paid	(1,528)	(17,587)
Payment of dividends	(102,325)	(137,037)
Distribution from consolidated joint venture to noncontrolling interest partners	(992)	(105,793)
Payment of tax withholdings for share-based compensation	(1,688)	(3,965)
Other financing activities, net	(188)	(149)
Net cash flows used in financing activities	(75,471)	(116,893)
Net change in cash, cash equivalents, and restricted cash	(319,463)	10,370
Cash, cash equivalents, and restricted cash, beginning of period	420,396	149,089
Cash, cash equivalents, and restricted cash, end of period	100,933	159,459
Term Loan B
Cash Flows from Financing Activities:
Repayments under term loan B	$ (3,750)	(3,750)
Gaylord Rockies [Member]
Cash Flows from Investing Activities:
Purchase of additional interest in Gaylord Rockies joint venture, net of cash acquired		(5,481)
Cash Flows from Financing Activities:
Borrowing under Gaylord Rockies term loan		800,000
Repayment of Gaylord Rockies construction and mezzanine loans		$ (496,612)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Reconciliation of cash, cash equivalents, and restricted cash to balance sheet:
Cash and cash equivalents - unrestricted	$ 52,162	$ 362,430	$ 101,786
Cash and cash equivalents - restricted	48,771	57,966	57,673
Cash, cash equivalents, and restricted cash, end of period	$ 100,933	$ 420,396	$ 159,459	$ 149,089

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity And Noncontrolling Interest - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]Cumulative Effect, Period of Adoption, Adjustment [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]Cumulative Effect, Period of Adoption, Adjustment [Member]	AOCI Attributable to Parent [Member]	Parent [Member]Cumulative Effect, Period of Adoption, Adjustment [Member]	Parent [Member]	Noncontrolling Interest [Member]	Redeemable Noncontrolling Interest In Joint Venture [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Total
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Tax benefit and Translation adjustment related to adoption of ASU	$ 513	$ 900,795	$ (15,183)		$ (388,524)		$ (28,024)		$ 469,577				$ 469,577
Beginning balance at Dec. 31, 2018	513	900,795	(15,183)		(388,524)		(28,024)		469,577				469,577
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)					29,408				29,408				29,408
Adjustment of noncontrolling interest to redemption value					(10,420)				(10,420)		$ 10,420		(10,420)
Tax benefit and Translation adjustment related to adoption of ASU	514	899,164	(15,687)	$ 2,707	(412,905)	$ (2,707)	(30,622)		440,464				440,464
Other comprehensive income (loss), net of income taxes							109		109				109
Payment of dividends		168	(504)		(46,076)				(46,412)				(46,412)
Restricted stock units and stock options surrendered	1	(3,825)							(3,824)				(3,824)
Stock-based compensation expense		2,026							2,026				2,026
Ending balance at Mar. 31, 2019	514	899,164	(15,687)	2,707	(412,905)	(2,707)	(30,622)		440,464				440,464
Beginning balance at Dec. 31, 2018											287,433
Temporary Equity [Abstract]
Net income (loss)											6,738
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				469,577
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Tax benefit and Translation adjustment related to adoption of ASU	514	900,247	(16,763)		(534,403)		(38,117)		311,478				311,478
Ending balance at Sep. 30, 2019	514	900,247	(16,763)		(534,403)		(38,117)		311,478				311,478
Beginning balance at Dec. 31, 2018											287,433
Temporary Equity [Abstract]
Net income (loss)													11,296
Ending balance at Sep. 30, 2019											279,352
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Tax benefit and Translation adjustment related to adoption of ASU	514	899,164	(15,687)	2,707	(412,905)	(2,707)	(30,622)		440,464				440,464
Beginning balance at Mar. 31, 2019	514	899,164	(15,687)	2,707	(412,905)	(2,707)	(30,622)		440,464				440,464
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)					49,383				49,383				49,383
Adjustment of noncontrolling interest to redemption value					(10,293)				(10,293)		10,293		(10,293)
Tax benefit and Translation adjustment related to adoption of ASU	514	901,129	(15,687)	2,707	(420,408)	(2,707)	(30,524)		435,024				435,024
Other comprehensive income (loss), net of income taxes							98		98				98
Payment of dividends		93			(46,593)				(46,500)				(46,500)
Distribution from consolidated joint venture											(10,591)
Restricted stock units and stock options surrendered		(63)							(63)				(63)
Stock-based compensation expense		1,935							1,935				1,935
Ending balance at Jun. 30, 2019	514	901,129	(15,687)		(420,408)		(30,524)		435,024				435,024
Beginning balance at Mar. 31, 2019											291,115
Temporary Equity [Abstract]
Net income (loss)											3,099
Ending balance at Jun. 30, 2019											287,718
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Tax benefit and Translation adjustment related to adoption of ASU	514	901,129	(15,687)		(420,408)		(30,524)		435,024				435,024
Net income (loss)					22,349				22,349				22,349
Adjustment of noncontrolling interest to redemption value					(90,877)				(90,877)		90,877		(90,877)
Tax benefit and Translation adjustment related to adoption of ASU	514	900,247	(16,763)		(534,403)		(38,117)		311,478				311,478
Other comprehensive income (loss), net of income taxes							(7,593)		(7,593)				(7,593)
Payment of dividends		135	(1,076)		(45,467)				(46,408)				(46,408)
Exercise of stock options		71							71				71
Distribution from consolidated joint venture											(95,202)
Redemption of noncontrolling interests		(2,899)							(2,899)		(2,582)		(2,899)
Restricted stock units and stock options surrendered		(90)							(90)				(90)
Stock-based compensation expense		1,901							1,901				1,901
Ending balance at Sep. 30, 2019	514	900,247	(16,763)		(534,403)		(38,117)		311,478				311,478
Temporary Equity [Abstract]
Net income (loss)											1,459		1,459
Ending balance at Sep. 30, 2019											279,352
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Tax benefit and Translation adjustment related to adoption of ASU	514	900,247	(16,763)		(534,403)		(38,117)		311,478				311,478
Tax benefit and Translation adjustment related to adoption of ASU	549	1,185,168	(17,315)		(495,514)		(28,159)		644,729				644,729
Transition adjustment													(495,514)
Beginning balance at Dec. 31, 2019	549	1,185,168	(17,315)		(495,514)		(28,159)		644,729				644,729
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)					(46,516)				(46,516)				(46,516)
Adjustment of noncontrolling interest to redemption value					54,265				54,265		(54,265)		54,265
Tax benefit and Translation adjustment related to adoption of ASU	550	1,185,885	(17,872)	(5,343)	(545,104)	2,158	(63,438)	$ (3,185)	560,021			$ (3,185)	560,021
Other comprehensive income (loss), net of income taxes							(37,437)		(37,437)				(37,437)
Payment of dividends		147	(557)		(51,996)				(52,406)				(52,406)
Restricted stock units and stock options surrendered	1	(1,660)							(1,659)				(1,659)
Stock-based compensation expense		2,230							2,230				2,230
Ending balance at Mar. 31, 2020	550	1,185,885	(17,872)	(5,343)	(545,104)	2,158	(63,438)	(3,185)	560,021			(3,185)	560,021
Beginning balance at Dec. 31, 2019											221,511		221,511
Temporary Equity [Abstract]
Net income (loss)											4,220
Ending balance at Mar. 31, 2020											163,026
Beginning balance at Dec. 31, 2019	549	1,185,168	(17,315)		(495,514)		(28,159)		644,729				644,729
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Tax benefit and Translation adjustment related to adoption of ASU	550	1,190,160	(18,467)		(831,265)		(69,052)		271,926	$ 15,147			644,729
Ending balance at Sep. 30, 2020	550	1,190,160	(18,467)		(831,265)		(69,052)		271,926	15,147			287,073
Beginning balance at Dec. 31, 2019											221,511		221,511
Temporary Equity [Abstract]
Net income (loss)													30,280
Ending balance at Sep. 30, 2020											113,163		113,163
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Tax benefit and Translation adjustment related to adoption of ASU	550	1,185,885	(17,872)	(5,343)	(545,104)	2,158	(63,438)	(3,185)	560,021			(3,185)	560,021
Transition adjustment												(5,300)
Beginning balance at Mar. 31, 2020	550	1,185,885	(17,872)	(5,343)	(545,104)	2,158	(63,438)	(3,185)	560,021			(3,185)	560,021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)					(173,492)				(173,492)				(173,492)
Adjustment of noncontrolling interest to redemption value					6,174				6,174		(6,174)		6,174
Tax benefit and Translation adjustment related to adoption of ASU	550	1,188,046	(18,467)	$ (5,343)	(711,798)	$ 2,158	(64,627)	$ (3,185)	393,704			$ (3,185)	393,704
Other comprehensive income (loss), net of income taxes							(1,189)		(1,189)				(1,189)
Payment of dividends			(595)		624				29				29
Distribution from consolidated joint venture											(992)
Restricted stock units and stock options surrendered		(29)							(29)				(29)
Stock-based compensation expense		2,190							2,190				2,190
Ending balance at Jun. 30, 2020	550	1,188,046	(18,467)		(711,798)		(64,627)		393,704				393,704
Beginning balance at Mar. 31, 2020											163,026
Temporary Equity [Abstract]
Net income (loss)											14,167
Ending balance at Jun. 30, 2020											141,693
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Tax benefit and Translation adjustment related to adoption of ASU	550	1,188,046	(18,467)		(711,798)		(64,627)		393,704				393,704
Net income (loss)					(117,659)				(117,659)	(325)			(117,984)
Adjustment of noncontrolling interest to redemption value					(333)				(333)		333		(333)
Issuance of partnership units in Operating Partnership										15,472			15,472
Tax benefit and Translation adjustment related to adoption of ASU	550	1,190,160	(18,467)		(831,265)		(69,052)		271,926	15,147			393,704
Other comprehensive income (loss), net of income taxes							(4,425)		(4,425)				(4,425)
Payment of dividends		(13)			25				12				12
Redemption of noncontrolling interests					(1,500)				(1,500)		(16,970)		(1,500)
Restricted stock units and stock options surrendered		(76)							(76)				(76)
Stock-based compensation expense		2,203							2,203				2,203
Ending balance at Sep. 30, 2020	550	1,190,160	(18,467)		(831,265)		(69,052)		271,926	15,147			287,073
Temporary Equity [Abstract]
Net income (loss)											11,893		11,893
Ending balance at Sep. 30, 2020											$ 113,163		113,163
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Tax benefit and Translation adjustment related to adoption of ASU	$ 550	$ 1,190,160	$ (18,467)		$ (831,265)		$ (69,052)		$ 271,926	$ 15,147			287,073
Transition adjustment													$ (831,265)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Equity And Noncontrolling Interest (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Statement of Stockholders' Equity And Noncontrolling Interest [Abstract]
Dividend amount for current period (in dollars per share)	$ 0.95	$ 0.90	$ 0.90	$ 0.90

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2020
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 September 30, 2020, the Company also owns a 65% 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, 2019, 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 statements of 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” 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; and three Nashville-based assets managed by Marriott – Gaylord Springs Golf Links (“Gaylord Springs”), the Wildhorse Saloon, and the General Jackson Showboat. The Company also owns a 50% interest in a joint venture intended to create and distribute a linear multicast and over-the-top channel dedicated to the country music lifestyle (“Circle”), which launched its broadcast network on January 1, 2020. See Note 13, “Commitments and Contingencies” to the condensed consolidated financial statements included herein for further disclosure. 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, 2019. 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. Impact of COVID-19 Pandemic In March 2020, the World Health Organization declared the outbreak of a novel coronavirus disease (COVID-19) as a pandemic, which continues to spread throughout the United States. COVID-19 is having an unprecedented impact on the U.S. economy, and there is significant uncertainty surrounding the full extent of its impact on the Company’s future results of operations and financial position. The Company, in consultation with local governmental authorities, first determined to close its Nashville-based entertainment venues in mid-March 2020. As cancellations at the Gaylord Hotels properties began to increase, the Company and its hotel manager, Marriott, implemented a series of operational changes, culminating with the suspension of operations at the Gaylord Hotels properties in late March 2020. Gaylord Texan reopened June 8, 2020, and Gaylord Opryland, Gaylord Palms and Gaylord Rockies reopened June 25, 2020. Gaylord National remains closed. Hotel employees that were laid off or furloughed were generally paid the equivalent of one week of compensation, and benefits for non-union hotel employees have been maintained throughout the individual properties’ closures. In the Company’s Entertainment segment, in addition to the temporary closure of its entertainment assets, the Company took steps to reduce operating costs in all areas. Many of the Company’s Nashville-based attractions reopened at reduced capacities in May and June 2020. The Grand Ole Opry and Ryman Auditorium began offering limited-capacity tours in June 2020, and in September 2020, they reopened for limited-capacity publicly attended performances. The Company’s decision to offer publicly attended performances with additional capacity will be based on a number of factors and made in consultation with local health authorities. The Company amended its credit facility on April 23, 2020, as described in Note 7, “Debt.” The Company continues to pay all required debt service payments on its indebtedness, lease payments, taxes and other payables. At September 30, 2020, the Company had an additional $664.1 million available for borrowing under its revolving credit facility and $52.2 million in unrestricted cash on hand. In addition, following the payment of the Company’s first quarter 2020 dividend as discussed in Note 14, “Equity,” to the condensed consolidated financial statements included herein, the Company suspended its regular quarterly dividend payments for the remainder of 2020. The Company’s board of directors will consider a future dividend as permitted by the Company’s credit agreement. The Company’s credit agreement amendment described in Note 7, “Debt,” to the condensed consolidated financial statements included herein, permits payment of dividends as necessary to maintain the Company’s REIT status and permits the Company to pay a dividend of $0.01 per share each quarter. Any future dividend is subject to the Company’s board of director’s determinations as to the amount of distributions and timing thereof. The Company has deferred substantially all non-essential capital projects, in addition to delaying the Gaylord Rockies expansion project, which was scheduled to begin construction in second quarter 2020. The Gaylord Palms expansion project is continuing, and the Company believes the expansion will allow Gaylord Palms to serve groups moving meetings to 2021. Termination of Block 21 Acquisition In December 2019, the Company entered into an agreement to purchase Block 21, a mixed-use entertainment, lodging, office and retail complex located in Austin, Texas, for $275 million, which included the assumption of approximately $141 million of existing mortgage debt. In May 2020, in response to the then-existing capital markets and economic environment caused by the COVID-19 pandemic, the Company determined it was not in the best interest of shareholders to focus resources and capital on the project and terminated the purchase agreement. The Company forfeited a nonrefundable December 2019 deposit of $15.0 million and recorded a loss, which is included in other gains and (losses), net in the accompanying condensed consolidated statements of operations for the nine months ended September 30, 2020. Newly Issued Accounting Standards In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, “ Financial Instruments – Credit Losses – Measurement of Credit Losses on Financial Instruments at fair value through net income. The ASU replaces the previous “incurred loss” approach with an “expected loss” model for instruments measured at amortized cost. For trade and other receivables, held-to-maturity debt securities, loans and other instruments, entities are required to use a new forward-looking “expected loss” model that generally will result in the earlier recognition of allowances for losses. The Company has applied these amendments with a modified-retrospective approach, with a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. For debt securities for which an other-than-temporary impairment has been previously recognized, a prospective transition approach for the prior other-than-temporary impairment is required. The Company adopted this ASU in the first quarter of 2020 and recorded an adjustment to beginning retained earnings of $5.3 million and an adjustment to accumulated other comprehensive loss of $2.2 million. See Note 4, “Accumulated Other Comprehensive Loss” and Note 6, “Notes Receivable” for additional disclosure. In March 2020, the FASB issued ASU No. 2020-04, “ Reference Rate Reform – Facilitation of the Effects of Reference Rate Reform on Financial Reporting In October 2020, the FASB issued ASU No. 2020-09, “ Debt – Amendments to SEC Paragraphs Pursuant to SEC Release No. 33-10762

Revenues

Revenues	9 Months Ended
	Sep. 30, 2020
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 ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Hotel group rooms ​ $ 2,747 ​ $ 93,172 ​ $ 85,611 ​ $ 301,932 Hotel transient rooms ​ 21,740 ​ 41,778 ​ 47,806 109,934 Hotel food and beverage - banquets ​ 3,653 ​ 104,961 ​ 111,904 354,678 Hotel food and beverage - outlets ​ 12,564 ​ 50,212 ​ 51,573 144,668 Hotel other ​ 17,274 ​ 38,134 ​ 57,060 111,684 Entertainment admissions/ticketing ​ 1,689 ​ 24,075 ​ 12,456 59,658 Entertainment food and beverage ​ 4,899 ​ 17,617 ​ 16,425 47,504 Entertainment retail and other ​ 5,683 ​ 9,838 ​ 15,125 28,223 Total revenues ​ $ 70,249 ​ $ 379,787 $ 397,960 $ 1,158,281 ​ The Company’s Hospitality segment revenues disaggregated by location are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Gaylord Opryland $ 17,514 ​ $ 90,186 $ 94,961 ​ $ 278,131 Gaylord Palms ​ 7,658 ​ 40,854 ​ 53,847 ​ 148,127 Gaylord Texan ​ 19,651 ​ 66,508 ​ 81,119 ​ 207,873 Gaylord National ​ 133 ​ 59,128 ​ 50,056 ​ 202,886 Gaylord Rockies ​ ​ 11,931 ​ ​ 64,949 ​ ​ 68,335 ​ ​ 165,628 AC Hotel ​ 735 ​ 2,882 ​ 2,730 ​ 8,631 Inn at Opryland and other ​ 356 ​ 3,750 ​ 2,906 ​ 11,620 Total Hospitality segment revenues ​ $ 57,978 ​ $ 328,257 ​ $ 353,954 ​ $ 1,022,896 ​ The majority of the Company’s Entertainment segment revenues are concentrated in 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 September 30, 2020 and December 31, 2019, the Company had $61.7 million and $76.7 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, 2019, approximately $44.8 million was recognized in revenue during the nine months ended September 30, 2020.

Income (Loss) Per Share

Income (Loss) Per Share	9 Months Ended
	Sep. 30, 2020
Income (Loss) Per Share
Income (Loss) Per Share	3. INCOME (LOSS) PER SHARE: The weighted average number of common shares outstanding is calculated as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Weighted average shares outstanding - basic ​ 54,980 ​ 51,444 ​ 54,955 ​ 51,411 Effect of dilutive stock-based compensation ​ — ​ 125 ​ — ​ 152 Effect of dilutive put rights — 263 — 263 Weighted average shares outstanding - diluted 54,980 51,832 54,955 51,826 ​ For the three months and nine months ended September 30, 2020, the effect of dilutive stock-based compensation was the equivalent of 0.1 million shares of common stock outstanding. Because the Company had a loss from continuing operations in the three months and nine months ended September 30, 2020, these incremental shares were excluded from the computation of dilutive earnings per share as the effect of their inclusion would have been anti-dilutive. 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”) each had 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”). These put rights were exercised during the three months ended September 30, 2020. The OP Units held by the noncontrolling interest holders have been excluded from the denominator of the diluted loss per share calculation for the three months and nine months ended September 30, 2020 as there would be no effect on the calculation of diluted loss per share because the loss attributable to the OP Units held by the noncontrolling interest holders would also be subtracted to derive net loss available to common stockholders.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2020
Equity
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 discussed in Note 11, “Pension and Postretirement Benefits Other Than Pension Plans,” interest rate derivatives designated as cash flow hedges related to the Company’s and the Gaylord Rockies joint venture’s outstanding debt as discussed in Note 7, “Debt,” and amounts related to an other-than-temporary impairment of a held-to-maturity investment that existed prior to the Company’s adoption of ASU 2016-13 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, 2019. Changes in accumulated other comprehensive loss by component for the nine months ended September 30, 2020 and 2019 consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other-Than- ​ ​ ​ ​ ​ ​ ​ Minimum ​ Temporary ​ ​ ​ ​ ​ ​ ​ Pension ​ Impairment of ​ Interest Rate ​ ​ ​ ​ Liability Investment Derivatives Total Balance, December 31, 2019 ​ $ (23,916) ​ $ (5,877) ​ $ 1,634 ​ $ (28,159) Losses arising during period ​ ​ (11,167) ​ ​ — ​ ​ (39,965) ​ ​ (51,132) Amounts reclassified from accumulated other comprehensive loss ​ ​ 1,444 ​ 158 ​ 6,479 ​ 8,081 Net other comprehensive income (loss) ​ (9,723) ​ 158 ​ (33,486) ​ (43,051) Transition adjustment related to adoption of ASU 2016-13 (see Note 1) ​ ​ — ​ ​ 2,158 ​ ​ — ​ ​ 2,158 Balance, September 30, 2020 ​ $ (33,639) ​ $ (3,561) ​ $ (31,852) ​ $ (69,052) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other-Than- ​ ​ ​ ​ ​ ​ ​ Minimum ​ Temporary ​ ​ ​ ​ ​ ​ ​ Pension ​ Impairment of ​ Interest Rate ​ ​ ​ ​ Liability Investment Derivatives Total Balance, December 31, 2018 ​ $ (21,814) ​ $ (6,210) ​ $ — ​ $ (28,024) Losses arising during period ​ ​ (5,164) ​ ​ — ​ ​ (3,789) ​ ​ (8,953) Amounts reclassified from accumulated other comprehensive loss ​ 1,635 ​ 249 ​ (1,197) ​ 687 Income tax benefit ​ 880 ​ — ​ — ​ 880 Net other comprehensive income (loss) ​ (2,649) ​ 249 ​ (4,986) ​ (7,386) Transition adjustment related to adoption of ASU 2018-02 ​ ​ (2,707) ​ ​ — ​ ​ — ​ ​ (2,707) Balance, September 30, 2019 ​ $ (27,170) ​ $ (5,961) ​ $ (4,986) ​ $ (38,117) ​

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2020
Property and Equipment
Property and Equipment	5. PROPERTY AND EQUIPMENT: Property and equipment, including right-of-use finance lease assets, at September 30, 2020 and December 31, 2019 is recorded at cost (except for right-of-use finance lease assets) and summarized as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Land and land improvements ​ $ 351,569 ​ $ 349,024 Buildings ​ 3,465,367 ​ 3,432,136 Furniture, fixtures and equipment ​ 975,368 ​ 968,858 Right-of-use finance lease assets ​ ​ 1,613 ​ ​ 1,613 Construction-in-progress ​ 147,869 ​ 82,906 ​ ​ 4,941,786 ​ 4,834,537 Accumulated depreciation and amortization ​ (1,813,169) ​ (1,704,285) Property and equipment, net ​ $ 3,128,617 ​ $ 3,130,252 ​

Notes Receivable

Notes Receivable	9 Months Ended
	Sep. 30, 2020
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, 2019, in connection with the development of Gaylord National, the Company holds two issuances of governmental bonds (“Series A bond” and “Series B bond”) with a total carrying value and approximate fair value of $70.4 million and $110.1 million at September 30, 2020 and December 31, 2019, respectively, net of credit loss reserve of $38.0 million and $0, 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. The Company has the intent and ability to hold these bonds to maturity. In the first quarter of 2020, the Company recorded an initial transition adjustment of $5.2 million and has since performed its quarterly assessment of credit losses under the newly adopted credit loss standard discussed in Note 1, which considers the estimate of projected tax revenues that will service the Series B bond over its remaining term. These tax revenue projections were updated each quarter in connection with the Company’s preparation of its condensed consolidated financial statements included herein as a result of the closure of Gaylord National during the COVID-19 pandemic and to reflect updated industry projections as to future anticipated operations of the hotel. As a result of these reduced tax revenue projections over the remaining life of the Series B bond, the Company increased its credit loss reserve by $7.8 million and $32.8 million in the three months and nine months ended September 30, 2020. At September 30, 2020, the Series B bond is fully reserved. The Series A bond is of higher priority than other tranches which fall between the Company’s two issuances. During the three months ended September 30, 2020 and 2019, the Company recorded interest income of $1.5 million and $2.5 million, respectively, on these bonds. During the nine months ended September 30, 2020 and 2019, the Company recorded interest income of $4.7 million and $7.7 million, respectively, on these bonds. The Company received payments of $8.8 million and $11.3 million during the nine months ended September 30, 2020 and 2019, respectively, relating to these bonds. At September 30, 2020 and December 31, 2019, before consideration of the credit loss reserve, the Company had accrued interest receivable related to these bonds of $39.4 million and $38.2 million, respectively.

Debt

Debt	9 Months Ended
	Sep. 30, 2020
Debt
Debt	7. DEBT: The Company’s debt and finance lease obligations at September 30, 2020 and December 31, 2019 consisted of (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 $700M Revolving Credit Facility, interest at LIBOR plus 1.95%, maturing March 31, 2024, less unamortized deferred financing costs of $7,647 and $0 ​ $ 27,353 ​ $ — $300M Term Loan A, interest at LIBOR plus 1.90%, maturing May 31, 2025, less unamortized deferred financing costs of $2,280 and $2,478 ​ 297,720 ​ 297,522 $500M Term Loan B, interest at LIBOR plus 2.00%, maturing May 11, 2024, less unamortized deferred financing costs of $3,771 and $4,501 ​ 378,729 ​ 381,749 $400M Senior Notes, interest at 5.0%, maturing April 15, 2023, less unamortized deferred financing costs of $2,531 and $3,222 ​ 397,469 ​ 396,778 $700M Senior Notes, interest at 4.75%, maturing October 15, 2027, less unamortized deferred financing costs of $10,989 and $11,808, plus unamortized premium of $2,234 and $2,434 ​ 691,245 ​ 690,626 $800M Term Loan (Gaylord Rockies JV), interest at LIBOR plus 2.50%, maturing July 2, 2023, less unamortized deferred financing costs of $6,690 and $8,015 ​ 793,310 ​ 791,985 Finance lease obligations ​ ​ 1,146 ​ ​ 1,308 Total debt ​ $ 2,586,972 ​ $ 2,559,968 ​ 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, 2019. At September 30, 2020, there were no defaults under the covenants related to the Company’s outstanding debt, and the lenders had extended the allowable closure period in the covenant in the credit facility that prohibits closure of the Gaylord Hotels properties for longer than a specified period of time. Credit Facility On April 23, 2020, the Company entered into Amendment No. 1 (the “Amendment”) to the Company’s Sixth Amended and Restated Credit Agreement (the “Credit Agreement”) among the Company, as a guarantor, the Operating Partnership, as borrower, certain other subsidiaries of the Company party thereto, as guarantors, certain subsidiaries of the Company party thereto, as pledgors, the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent. The Amendment provides for a waiver of the existing financial covenants through March 31, 2021 and ending on April 1, 2021 (the “Temporary Waiver Period”), amends covenant computations for the three months ended June 30, 2021 and September 30, 2021, and confirms the availability of undrawn amounts under the revolving credit facility. In addition, the Amendment contains a covenant that the Company must maintain unrestricted liquidity (in the form of unrestricted cash on hand or undrawn availability under the Revolver) of at least $100 million. In the event the Company is unable to comply with the Credit Agreement’s financial covenants, it expects to further amend the Credit Agreement or take other mitigating actions prior to a potential breach. During the Temporary Waiver Period, the Amendment provides for increased interest and fees, additional restrictions on debt, investments, dividends, share repurchases and capital expenditures, and a minimum liquidity requirement. The Company may elect to terminate the Temporary Waiver Period prior to expiration. Upon expiration or termination of the Temporary Waiver Period, it will calculate compliance with the financial covenants in the Credit Agreement using a designated annualized calculation based on the Company’s most recently completed fiscal quarter or quarters, as applicable. Pursuant to the Amendment, the Company is required to use any proceeds from borrowings drawn during the Temporary Waiver Period to fund operating expenses, debt service of the Company and its subsidiaries, and permitted capital expenditures and investments. $800 Million Term Loan (Gaylord Rockies Joint Venture) On June 30, 2020, Aurora Convention Center Hotel, LLC (“Hotel Owner”) and Aurora Convention Center Hotel Lessee, LLC (“Tenant” and collectively with Hotel Owner, the “Loan Parties”), subsidiaries of the entities comprising the Gaylord Rockies joint venture, entered into Amendment No. 1 (the “Loan Amendment”) to the Second Amended and Restated Loan Agreement (the “Loan Agreement”), by and among the Loan Parties, Wells Fargo Bank, National Association, as administrative agent, and the lenders from time to time party thereto. The Loan Amendment modified the Loan Agreement to (i) provide for the ability to use cash for certain purposes, even during a Cash Sweep Period (as defined in the Loan Agreement), (ii) extend the deadline for Hotel Owner to commence construction of an expansion to Gaylord Rockies, and (iii) provide favorable changes to the debt service coverage ratio provisions. Beginning in July 2020, the Gaylord Rockies joint venture was in a Cash Sweep Period pursuant to the Loan Agreement. The Loan Amendment includes restrictions on distributions to the owners of the Gaylord Rockies joint venture and requires a certain level of equity financing for a Gaylord Rockies expansion. Interest Rate Derivatives The Company and the Gaylord Rockies joint venture have each entered into interest rate swaps to manage interest rate risk associated with the Company’s $500 million term loan B and the Gaylord Rockies joint venture’s $800 million term loan, respectively. Each swap has been designated as a cash flow hedge whereby the Company or the joint venture receives variable-rate amounts in exchange for fixed-rate payments over the life of the agreement without exchange of the underlying principal amount. Neither the Company nor the Gaylord Rockies joint venture use derivatives for trading or speculative purposes and currently do not hold any derivatives that are not designated as hedges. For derivatives designated as and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in accumulated other comprehensive loss and subsequently reclassified to interest expense in the same period during which the hedged transaction affects earnings. These amounts reported in accumulated other comprehensive loss will be reclassified to interest expense as interest payments are made on the related variable-rate debt. The Company estimates that $15.9 million will be reclassified from accumulated other comprehensive loss to interest expense in the next twelve months. The estimated fair value of the Company’s derivative financial instruments at September 30, 2020 and December 31, 2019 is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset (Liability) Balance ​ ​ ​ ​ Strike ​ ​ ​ ​ ​ Notional ​ September 30, ​ December 31, Hedged Debt ​ Type ​ Rate ​ Index ​ Maturity Date ​ Amount ​ 2020 ​ 2019 Term Loan B ​ Interest Rate Swap ​ 1.2235% ​ 1-month LIBOR ​ May 11, 2023 ​ $ 87,500 ​ $ (2,460) ​ $ 959 Term Loan B ​ Interest Rate Swap ​ 1.2235% ​ 1-month LIBOR ​ May 11, 2023 ​ $ 87,500 ​ ​ (2,460) ​ ​ 959 Term Loan B ​ Interest Rate Swap ​ 1.2235% ​ 1-month LIBOR ​ May 11, 2023 ​ $ 87,500 ​ ​ (2,460) ​ ​ 956 Term Loan B ​ Interest Rate Swap ​ 1.2315% ​ 1-month LIBOR ​ May 11, 2023 ​ $ 87,500 ​ ​ (2,478) ​ ​ 934 Gaylord Rockies Loan ​ Interest Rate Swap ​ 1.6500% ​ 1-month LIBOR ​ August 1, 2022 ​ $ 800,000 ​ ​ (21,994) ​ ​ (2,174) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (31,852) ​ $ 1,634 ​ Derivative financial instruments in an asset position are included in prepaid expenses and other assets, and those in a liability position are included in other liabilities in the accompanying condensed consolidated balance sheets. The effect of the Company’s derivative financial instruments on the accompanying condensed consolidated statements of operations for the respective periods is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain (Loss) ​ ​ ​ ​ ​ Amount of Gain (Loss) ​ ​ ​ Recognized in OCI ​ ​ ​ ​ ​ Reclassified from Accumulated ​ ​ ​ on Derivative ​ Location of Gain (Loss) ​ OCI into Income (Expense) ​ ​ ​ Three Months Ended ​ Reclassified from Three Months Ended ​ ​ ​ September 30, ​ Accumulated OCI ​ September 30, ​ ​ ​ 2020 ​ 2019 into Income (Expense) 2020 ​ 2019 Derivatives in Cash Flow Hedging Relationships: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps ​ $ 183 ​ $ (3,789) ​ Interest expense ​ $ (3,989) ​ $ 1,197 ​ Total derivatives ​ $ 183 ​ $ (3,789) ​ ​ ​ ​ ​ $ (3,989) ​ $ 1,197 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain (Loss) ​ ​ ​ ​ ​ Amount of Gain (Loss) ​ ​ ​ Recognized in OCI on ​ ​ ​ ​ ​ Reclassified from Accumulated ​ ​ ​ Derivative ​ Location of Gain (Loss) ​ OCI into Income (Expense) ​ ​ ​ Nine Months Ended ​ Reclassified from ​ Nine Months Ended ​ ​ ​ September 30, ​ Accumulated OCI ​ September 30, ​ ​ ​ 2020 ​ 2019 into Income (Expense) 2020 ​ 2019 Derivatives in Cash Flow Hedging Relationships: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps ​ $ (39,965) ​ $ (3,789) ​ Interest expense ​ $ (6,479) ​ $ 1,197 ​ Total derivatives ​ $ (39,965) ​ $ (3,789) ​ ​ ​ ​ ​ $ (6,479) ​ $ 1,197 ​ ​ Reclassifications from accumulated other comprehensive loss for interest rate swaps are shown in the table above and included in interest expense. Total consolidated interest expense for the three months ended September 30, 2020 and 2019 was $28.1 million and $35.3 million, respectively, and for the nine months ended September 30, 2020 and 2019 was $87.5 million and $100.8 million, respectively. At September 30, 2020, the fair value of derivatives in a net liability position including accrued interest but excluding any adjustment for nonperformance risk related to these agreements was $33.6 million. As of September 30, 2020, the Company has not posted any collateral related to these agreements and was not in breach of any agreement provisions. If the Company had breached any of these provisions, it could have been required to settle its obligations under the agreements at the aggregate termination value of $33.6 million. In addition, the Company has an agreement with its derivative counterparty that contains a provision whereby the Company could be declared in default on its derivative obligations if repayment of the underlying indebtedness is accelerated by the lender due to the Company’s default on the indebtedness.

Deferred Management Rights Proc

Deferred Management Rights Proceeds	9 Months Ended
	Sep. 30, 2020
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	9 Months Ended
	Sep. 30, 2020
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 five to fifty-five years , at the Company’s discretion. Extension options are not considered reasonably assured and thus 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 nine months ended September 30, 2020 and 2019 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ ​ 2020 ​ 2019 ​ 2020 ​ 2019 ​ Operating lease cost $ 2,929 ​ $ 3,167 ​ $ 9,009 ​ $ 9,742 ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of right-of-use assets 38 ​ 43 ​ 112 ​ 120 ​ Interest on lease liabilities 12 ​ 18 ​ 37 ​ 49 ​ Net lease cost $ 2,979 ​ $ 3,228 ​ $ 9,158 ​ $ 9,911 ​ ​ Future minimum lease payments under non-cancelable leases at September 30, 2020 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ Operating Finance ​ ​ Leases ​ Leases Year 1 ​ $ 6,335 ​ $ 260 Year 2 ​ 6,029 ​ 241 Year 3 ​ 6,062 ​ 232 Year 4 ​ 5,873 ​ 60 Year 5 ​ 5,911 ​ 46 Years thereafter ​ 569,804 ​ 578 Total future minimum lease payments ​ 600,014 ​ 1,417 Less amount representing interest ​ (492,632) ​ ​ (271) Total present value of minimum payments ​ $ 107,382 ​ $ 1,146 ​ ​ ​ ​ ​ ​ ​ ​ The remaining lease term and discount rate for the Company’s leases are as follows: ​ ​ ​ ​ Weighted-average remaining lease term: ​ ​ Operating leases 50.3 years Finance leases 10.1 years Weighted-average discount rate: ​ ​ Operating leases 6.8 % Finance leases 4.0 % ​

Stock Plans

Stock Plans	9 Months Ended
	Sep. 30, 2020
Stock Plans
Stock Plans	10. STOCK PLANS: During the nine months ended September 30, 2020, the Company granted 0.1 million restricted stock units with a weighted-average grant date fair value of $84.26 per unit. There were 0.3 million restricted stock units outstanding at each of September 30, 2020 and December 31, 2019. Compensation expense for the Company’s stock-based compensation plans was $2.2 million and $1.9 million for the three months ended September 30, 2020 and 2019, respectively, and $6.6 million and $5.9 million for the nine months ended September 30, 2020 and 2019, respectively.

Pension and Postretirement Bene

Pension and Postretirement Benefits Other than Pension Plans	9 Months Ended
	Sep. 30, 2020
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 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 ​ Nine Months Ended ​ ​ ​ September 30, ​ September 30, ​ ​ 2020 2019 2020 2019 Interest cost ​ $ 534 ​ $ 798 ​ $ 1,885 ​ $ 2,554 ​ Expected return on plan assets ​ (962) ​ (935) ​ (3,071) ​ (2,822) ​ Amortization of net actuarial loss ​ 340 ​ 293 ​ 903 ​ 866 ​ Net settlement loss ​ ​ 1,343 ​ ​ 1,577 ​ ​ 1,343 ​ ​ 1,577 ​ Total net periodic pension expense ​ $ 1,255 ​ $ 1,733 ​ $ 1,060 ​ $ 2,175 ​ ​ As a result of increased lump-sum distributions from the Company’s qualified retirement plan during 2020 and 2019, net settlement losses of $1.3 million and $1.6 million were recognized in the three months and nine months ended September 30, 2020 and 2019, respectively. In addition, the increase in lump-sum distributions required the Company to re-measure its liability under its pension plan as of July 31, 2020. As a result of the re-measurement, as well as a decrease in the pension plan’s assumed discount rate from 2.85% at December 31, 2019 to 1.76% at July 31, 2020, the Company recorded a $10.1 million increase in its liability under the pension plan and a corresponding increase in accumulated other comprehensive loss in the accompanying condensed consolidated balance sheet at September 30, 2020. 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 ​ Nine Months Ended ​ ​ ​ September 30, ​ September 30, ​ ​ 2020 2019 2020 2019 Interest cost ​ $ 17 ​ $ 26 ​ $ 52 ​ $ 76 ​ Amortization of net actuarial loss ​ 57 ​ 55 ​ 184 ​ 178 ​ Amortization of prior service credit ​ (329) ​ (329) ​ (986) ​ (986) ​ Total net postretirement benefit income ​ $ (255) ​ $ (248) ​ $ (750) ​ $ (732) ​ ​

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2020
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 (“TRSs”). For the three months and nine months ended September 30, 2020, the Company recorded an income tax provision of $0.1 million and $27.0 million, respectively. The income tax provision for the nine months ended September 30, 2020 includes the recording of a valuation allowance of $26.7 million, as further described below. In the three months and nine months ended September 30, 2020, the Company also recorded income tax expense of $0.1 million and $0.3 million, respectively, inclusive of valuation allowance, related to the current period operations of the Company. Due to the financial statement impact of the COVID-19 pandemic, in connection with the preparation of the condensed consolidated financial statements included herein, the Company reassessed the realizability of net deferred tax assets during 2020, and as a result, the Company recorded a full valuation allowance of $26.7 million in the nine months ended September 30, 2020 on the net deferred tax assets of its TRSs. For the three months and nine months ended September 30, 2019, the Company recorded an income tax provision of $3.5 million and $13.7 million, respectively, related to regular operations, which differs from the statutory rate primarily due to the REIT dividends paid deduction. At September 30, 2020 and December 31, 2019, the Company had no unrecognized tax benefits.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies
Commitments and Contingencies	13. COMMITMENTS AND CONTINGENCIES: Pursuant to the Gaylord Rockies joint venture agreements, certain affiliates of Ares each had 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. During the three months ended September 30, 2020, put right holders totaling 0.5% ownership in the Gaylord Rockies joint venture exercised their put rights for $2.9 million in cash, and the remaining put right holders, totaling 2.4% ownership in the Gaylord Rockies joint venture, exercised their put rights for approximately $14.0 million in OP Units, which was equivalent to approximately 0.4 million OP Units. Such OP Units have economic terms that are substantially similar to shares of the Company’s common stock and are redeemable at the option of the holders thereof. Redemptions will be paid in cash, or if the Company so elects, in shares of the Company’s common stock on a one-for-one basis, subject to certain adjustments in accordance with the Operating Partnership’s partnership agreement. Affiliates of RIDA Development Corporation (“RIDA”) also have a put right at a defined appraised value for cash, which will generally 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 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. Generally, the Gaylord Rockies Loan is non-recourse to the Company, subject to (i) those limited guaranties, (ii) a completion guaranty in the event a property expansion is pursued, and (iii) customary non-recourse carve-outs. 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 and has made capital contributions of $12.5 million. In addition, the joint venture agreement requires the Company to contribute up to an additional $2.5 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.

Equity

Equity	9 Months Ended
	Sep. 30, 2020
Equity
Equity	14. EQUITY: Dividends On February 25, 2020, the Company’s board of directors declared the Company’s first quarter 2020 cash dividend in the amount of $0.95 per share of common stock, or an aggregate of approximately $52.2 million in cash, which was paid on April 15, 2020 to stockholders of record as of the close of business on March 31, 2020. Following the payment of the first quarter 2020 cash dividend, the Company suspended its regular quarterly dividend payments for the remainder of 2020. The Company’s board of directors will consider a future dividend as permitted by the Company’s credit agreement. The Amendment described in Note 7, “Debt,” to the condensed consolidated financial statements included herein, permits payment of dividends as necessary to maintain the Company’s REIT status and permits the Company to pay a dividend of $0.01 per share each quarter. Any future dividend is subject to the Company’s board of director’s determination as to the amount of distributions and the timing thereof. Noncontrolling Interest in the Operating Partnership The Company consolidates the Operating Partnership, which is a majority-owned limited partnership that has a noncontrolling interest. The outstanding OP Units held by the noncontrolling limited partners are redeemable for cash, or if the Company so elects, in shares of the Company’s common stock on a one-for-one basis, subject to certain adjustments. At September 30, 2020, 0.4 million outstanding OP Units, or less than 1% of the outstanding OP Units, were held by the noncontrolling limited partners and are included as a component of equity in the accompanying condensed consolidated balance sheet. The Company owns, directly or indirectly, the remaining 99.2% of the outstanding OP Units.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2020
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. The investments held by the Company in connection with its deferred compensation plan 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’s interest rate swaps and the Gaylord Rockies joint venture’s interest rate swap consist of over-the-counter swap contracts, which are not traded on a public exchange. The Company or the Gaylord Rockies joint venture, as applicable, determines the fair value of these swap contracts based on a widely accepted valuation methodology of netting the discounted future fixed cash flows and the discounted expected variable cash flows, using interest rates derived from observable market interest rate curves and volatilities, with appropriate adjustments for any significant impact of non-performance risk of the parties to the swap contracts. Therefore, these swap contracts have been classified as Level 2. 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’s assets and liabilities measured at fair value on a recurring basis at September 30, 2020 and December 31, 2019, were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets for Observable Unobservable ​ ​ September 30, ​ Identical Assets ​ Inputs ​ Inputs ​ ​ 2020 ​ (Level 1) ​ (Level 2) ​ (Level 3) Deferred compensation plan investments ​ $ 29,746 ​ $ 29,746 ​ $ — ​ $ — Total assets measured at fair value ​ $ 29,746 ​ $ 29,746 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable to fixed interest rate swaps ​ $ 31,852 ​ $ — ​ $ 31,852 ​ $ — Total liabilities measured at fair value ​ $ 31,852 ​ $ — ​ $ 31,852 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets for Observable Unobservable ​ ​ December 31, ​ Identical Assets ​ Inputs ​ Inputs ​ ​ 2019 ​ (Level 1) ​ (Level 2) ​ (Level 3) Deferred compensation plan investments ​ $ 29,174 ​ $ 29,174 ​ $ — ​ $ — Variable to fixed interest rate swaps ​ ​ 3,808 ​ ​ — ​ ​ 3,808 ​ ​ — Total assets measured at fair value ​ $ 32,982 ​ $ 29,174 ​ $ 3,808 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable to fixed interest rate swaps ​ $ 2,174 ​ $ — ​ $ 2,174 ​ $ — Total liabilities measured at fair value ​ $ 2,174 ​ $ — ​ $ 2,174 ​ $ — ​ The remainder of the assets and liabilities held by the Company at September 30, 2020 are not required to be recorded at fair value, and the carrying value of these assets and liabilities approximates fair value, except as described below. The Company has outstanding $400.0 million in aggregate principal amount of $400 million 5% senior notes. The carrying value of these notes at September 30, 2020 was $397.5 million, net of unamortized DFCs. The fair value of these notes, based upon quoted market prices (Level 1), was $390.3 million at September 30, 2020. The Company has outstanding $700.0 million in aggregate principal amount of $700 million 4.75% senior notes. The carrying value of these notes at September 30, 2020 was $691.2 million, net of unamortized DFCs and premiums. The fair value of these notes, based upon quoted market prices (Level 1), was $644.7 million at September 30, 2020.

Financial Reporting By Business

Financial Reporting By Business Segments	9 Months Ended
	Sep. 30, 2020
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; ● Entertainment , which includes the Grand Ole Opry, the Ryman Auditorium, WSM-AM, Ole Red, the Company’s equity investment in Circle, 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 ​ Nine Months Ended ​ ​ ​ September 30, ​ September 30, ​ ​ 2020 2019 2020 2019 Revenues: ​ ​ ​ ​ Hospitality ​ $ 57,978 ​ $ 328,257 ​ $ 353,954 ​ $ 1,022,896 ​ Entertainment ​ 12,271 ​ 51,530 ​ 44,006 ​ 135,385 ​ Corporate and Other ​ — ​ — ​ — ​ — ​ Total ​ $ 70,249 ​ $ 379,787 ​ $ 397,960 ​ $ 1,158,281 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization: ​ ​ ​ ​ ​ Hospitality ​ $ 49,310 ​ $ 50,445 ​ $ 148,667 ​ $ 150,909 ​ Entertainment ​ 3,985 ​ 3,132 ​ 10,492 ​ 8,441 ​ Corporate and Other ​ 581 ​ 421 ​ 2,073 ​ 1,210 ​ Total ​ $ 53,876 ​ $ 53,998 ​ $ 161,232 ​ $ 160,560 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income: ​ ​ ​ ​ ​ Hospitality ​ $ (78,322) ​ $ 52,116 ​ $ (154,633) ​ $ 191,563 ​ Entertainment ​ (9,057) ​ 14,376 ​ (26,632) ​ 34,222 ​ Corporate and Other ​ (7,880) ​ (9,825) ​ (24,766) ​ (27,728) ​ Preopening costs (1) ​ (96) ​ (164) ​ (1,597) ​ (2,274) ​ Gain on sale of assets (2) ​ ​ — ​ ​ — ​ ​ 1,261 ​ ​ — ​ Credit loss on held-to-maturity securities (3) ​ ​ (7,811) ​ ​ — ​ ​ (32,784) ​ ​ — ​ Total operating income (loss) ​ (103,166) ​ 56,503 ​ (239,151) ​ 195,783 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense ​ (28,127) ​ (35,261) ​ (87,527) ​ (100,840) ​ Interest income ​ 1,540 ​ 2,878 ​ 5,765 ​ 8,756 ​ Loss from extinguishment of debt ​ ​ — ​ ​ (494) ​ ​ — ​ ​ (494) ​ Loss from unconsolidated joint ventures ​ (1,767) ​ (308) ​ (5,482) ​ (475) ​ Other gains and (losses), net ​ 1,729 ​ 1,109 ​ (14,831) ​ 857 ​ Income (loss) before income taxes ​ $ (129,791) ​ $ 24,427 ​ $ (341,226) ​ $ 103,587 ​ (1) Preopening costs for the three months ended September 30, 2020 relates to the Hospitality segment. Preopening costs for the nine months ended September 30, 2020 include $0.2 million and $1.4 million for the Hospitality and Entertainment segments, respectively. Preopening costs for the three months ended September 30, 2019 relate to the Entertainment segment. Preopening costs of the nine months ended September 30, 2019 include $0.6 million and $1.6 million for the Hospitality and Entertainment segments, respectively. (2) Gain on sale of assets for the nine months ended September 30, 2020 relates to the Hospitality segment. (3) Credit loss on held-to-maturity securities for the three months and nine months ended September 30, 2020 relates to the Hospitality segment. ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2020 ​ 2019 Identifiable assets: ​ ​ Hospitality ​ $ 3,310,128 ​ $ 3,494,084 Entertainment ​ 188,848 ​ 181,036 Corporate and Other ​ 88,775 ​ 413,348 Total identifiable assets ​ $ 3,587,751 ​ $ 4,088,468 ​

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2020
Basis of Presentation
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.
Newly Issued Accounting Standards	Newly Issued Accounting Standards In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, “ Financial Instruments – Credit Losses – Measurement of Credit Losses on Financial Instruments at fair value through net income. The ASU replaces the previous “incurred loss” approach with an “expected loss” model for instruments measured at amortized cost. For trade and other receivables, held-to-maturity debt securities, loans and other instruments, entities are required to use a new forward-looking “expected loss” model that generally will result in the earlier recognition of allowances for losses. The Company has applied these amendments with a modified-retrospective approach, with a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. For debt securities for which an other-than-temporary impairment has been previously recognized, a prospective transition approach for the prior other-than-temporary impairment is required. The Company adopted this ASU in the first quarter of 2020 and recorded an adjustment to beginning retained earnings of $5.3 million and an adjustment to accumulated other comprehensive loss of $2.2 million. See Note 4, “Accumulated Other Comprehensive Loss” and Note 6, “Notes Receivable” for additional disclosure. In March 2020, the FASB issued ASU No. 2020-04, “ Reference Rate Reform – Facilitation of the Effects of Reference Rate Reform on Financial Reporting In October 2020, the FASB issued ASU No. 2020-09, “ Debt – Amendments to SEC Paragraphs Pursuant to SEC Release No. 33-10762

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2020
Revenues
Revenues Disaggregated by Major Source	The Company’s revenues disaggregated by major source are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Hotel group rooms ​ $ 2,747 ​ $ 93,172 ​ $ 85,611 ​ $ 301,932 Hotel transient rooms ​ 21,740 ​ 41,778 ​ 47,806 109,934 Hotel food and beverage - banquets ​ 3,653 ​ 104,961 ​ 111,904 354,678 Hotel food and beverage - outlets ​ 12,564 ​ 50,212 ​ 51,573 144,668 Hotel other ​ 17,274 ​ 38,134 ​ 57,060 111,684 Entertainment admissions/ticketing ​ 1,689 ​ 24,075 ​ 12,456 59,658 Entertainment food and beverage ​ 4,899 ​ 17,617 ​ 16,425 47,504 Entertainment retail and other ​ 5,683 ​ 9,838 ​ 15,125 28,223 Total revenues ​ $ 70,249 ​ $ 379,787 $ 397,960 $ 1,158,281
Hospitality Segment Revenues Disaggregated by Location	The Company’s Hospitality segment revenues disaggregated by location are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Gaylord Opryland $ 17,514 ​ $ 90,186 $ 94,961 ​ $ 278,131 Gaylord Palms ​ 7,658 ​ 40,854 ​ 53,847 ​ 148,127 Gaylord Texan ​ 19,651 ​ 66,508 ​ 81,119 ​ 207,873 Gaylord National ​ 133 ​ 59,128 ​ 50,056 ​ 202,886 Gaylord Rockies ​ ​ 11,931 ​ ​ 64,949 ​ ​ 68,335 ​ ​ 165,628 AC Hotel ​ 735 ​ 2,882 ​ 2,730 ​ 8,631 Inn at Opryland and other ​ 356 ​ 3,750 ​ 2,906 ​ 11,620 Total Hospitality segment revenues ​ $ 57,978 ​ $ 328,257 ​ $ 353,954 ​ $ 1,022,896

Income (Loss) Per Share (Tables

Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Income (Loss) 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 ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Weighted average shares outstanding - basic ​ 54,980 ​ 51,444 ​ 54,955 ​ 51,411 Effect of dilutive stock-based compensation ​ — ​ 125 ​ — ​ 152 Effect of dilutive put rights — 263 — 263 Weighted average shares outstanding - diluted 54,980 51,832 54,955 51,826

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2020
Equity
Summary of Changes in Accumulated Other Comprehensive Loss by Component	Changes in accumulated other comprehensive loss by component for the nine months ended September 30, 2020 and 2019 consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other-Than- ​ ​ ​ ​ ​ ​ ​ Minimum ​ Temporary ​ ​ ​ ​ ​ ​ ​ Pension ​ Impairment of ​ Interest Rate ​ ​ ​ ​ Liability Investment Derivatives Total Balance, December 31, 2019 ​ $ (23,916) ​ $ (5,877) ​ $ 1,634 ​ $ (28,159) Losses arising during period ​ ​ (11,167) ​ ​ — ​ ​ (39,965) ​ ​ (51,132) Amounts reclassified from accumulated other comprehensive loss ​ ​ 1,444 ​ 158 ​ 6,479 ​ 8,081 Net other comprehensive income (loss) ​ (9,723) ​ 158 ​ (33,486) ​ (43,051) Transition adjustment related to adoption of ASU 2016-13 (see Note 1) ​ ​ — ​ ​ 2,158 ​ ​ — ​ ​ 2,158 Balance, September 30, 2020 ​ $ (33,639) ​ $ (3,561) ​ $ (31,852) ​ $ (69,052) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other-Than- ​ ​ ​ ​ ​ ​ ​ Minimum ​ Temporary ​ ​ ​ ​ ​ ​ ​ Pension ​ Impairment of ​ Interest Rate ​ ​ ​ ​ Liability Investment Derivatives Total Balance, December 31, 2018 ​ $ (21,814) ​ $ (6,210) ​ $ — ​ $ (28,024) Losses arising during period ​ ​ (5,164) ​ ​ — ​ ​ (3,789) ​ ​ (8,953) Amounts reclassified from accumulated other comprehensive loss ​ 1,635 ​ 249 ​ (1,197) ​ 687 Income tax benefit ​ 880 ​ — ​ — ​ 880 Net other comprehensive income (loss) ​ (2,649) ​ 249 ​ (4,986) ​ (7,386) Transition adjustment related to adoption of ASU 2018-02 ​ ​ (2,707) ​ ​ — ​ ​ — ​ ​ (2,707) Balance, September 30, 2019 ​ $ (27,170) ​ $ (5,961) ​ $ (4,986) ​ $ (38,117)

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2020
Property and Equipment
Property and Equipment	Property and equipment, including right-of-use finance lease assets, at September 30, 2020 and December 31, 2019 is recorded at cost (except for right-of-use finance lease assets) and summarized as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Land and land improvements ​ $ 351,569 ​ $ 349,024 Buildings ​ 3,465,367 ​ 3,432,136 Furniture, fixtures and equipment ​ 975,368 ​ 968,858 Right-of-use finance lease assets ​ ​ 1,613 ​ ​ 1,613 Construction-in-progress ​ 147,869 ​ 82,906 ​ ​ 4,941,786 ​ 4,834,537 Accumulated depreciation and amortization ​ (1,813,169) ​ (1,704,285) Property and equipment, net ​ $ 3,128,617 ​ $ 3,130,252

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Debt
Summary of Debt and Finance Lease Obligations	The Company’s debt and finance lease obligations at September 30, 2020 and December 31, 2019 consisted of (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 $700M Revolving Credit Facility, interest at LIBOR plus 1.95%, maturing March 31, 2024, less unamortized deferred financing costs of $7,647 and $0 ​ $ 27,353 ​ $ — $300M Term Loan A, interest at LIBOR plus 1.90%, maturing May 31, 2025, less unamortized deferred financing costs of $2,280 and $2,478 ​ 297,720 ​ 297,522 $500M Term Loan B, interest at LIBOR plus 2.00%, maturing May 11, 2024, less unamortized deferred financing costs of $3,771 and $4,501 ​ 378,729 ​ 381,749 $400M Senior Notes, interest at 5.0%, maturing April 15, 2023, less unamortized deferred financing costs of $2,531 and $3,222 ​ 397,469 ​ 396,778 $700M Senior Notes, interest at 4.75%, maturing October 15, 2027, less unamortized deferred financing costs of $10,989 and $11,808, plus unamortized premium of $2,234 and $2,434 ​ 691,245 ​ 690,626 $800M Term Loan (Gaylord Rockies JV), interest at LIBOR plus 2.50%, maturing July 2, 2023, less unamortized deferred financing costs of $6,690 and $8,015 ​ 793,310 ​ 791,985 Finance lease obligations ​ ​ 1,146 ​ ​ 1,308 Total debt ​ $ 2,586,972 ​ $ 2,559,968
Schedule of Fair Value of the Company's Derivative Financial Instruments	The estimated fair value of the Company’s derivative financial instruments at September 30, 2020 and December 31, 2019 is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset (Liability) Balance ​ ​ ​ ​ Strike ​ ​ ​ ​ ​ Notional ​ September 30, ​ December 31, Hedged Debt ​ Type ​ Rate ​ Index ​ Maturity Date ​ Amount ​ 2020 ​ 2019 Term Loan B ​ Interest Rate Swap ​ 1.2235% ​ 1-month LIBOR ​ May 11, 2023 ​ $ 87,500 ​ $ (2,460) ​ $ 959 Term Loan B ​ Interest Rate Swap ​ 1.2235% ​ 1-month LIBOR ​ May 11, 2023 ​ $ 87,500 ​ ​ (2,460) ​ ​ 959 Term Loan B ​ Interest Rate Swap ​ 1.2235% ​ 1-month LIBOR ​ May 11, 2023 ​ $ 87,500 ​ ​ (2,460) ​ ​ 956 Term Loan B ​ Interest Rate Swap ​ 1.2315% ​ 1-month LIBOR ​ May 11, 2023 ​ $ 87,500 ​ ​ (2,478) ​ ​ 934 Gaylord Rockies Loan ​ Interest Rate Swap ​ 1.6500% ​ 1-month LIBOR ​ August 1, 2022 ​ $ 800,000 ​ ​ (21,994) ​ ​ (2,174) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (31,852) ​ $ 1,634
Summary of Effect of Derivative Financial Instruments on the Accompanying Condensed Consolidated Statements of Operations	The effect of the Company’s derivative financial instruments on the accompanying condensed consolidated statements of operations for the respective periods is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain (Loss) ​ ​ ​ ​ ​ Amount of Gain (Loss) ​ ​ ​ Recognized in OCI ​ ​ ​ ​ ​ Reclassified from Accumulated ​ ​ ​ on Derivative ​ Location of Gain (Loss) ​ OCI into Income (Expense) ​ ​ ​ Three Months Ended ​ Reclassified from Three Months Ended ​ ​ ​ September 30, ​ Accumulated OCI ​ September 30, ​ ​ ​ 2020 ​ 2019 into Income (Expense) 2020 ​ 2019 Derivatives in Cash Flow Hedging Relationships: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps ​ $ 183 ​ $ (3,789) ​ Interest expense ​ $ (3,989) ​ $ 1,197 ​ Total derivatives ​ $ 183 ​ $ (3,789) ​ ​ ​ ​ ​ $ (3,989) ​ $ 1,197 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain (Loss) ​ ​ ​ ​ ​ Amount of Gain (Loss) ​ ​ ​ Recognized in OCI on ​ ​ ​ ​ ​ Reclassified from Accumulated ​ ​ ​ Derivative ​ Location of Gain (Loss) ​ OCI into Income (Expense) ​ ​ ​ Nine Months Ended ​ Reclassified from ​ Nine Months Ended ​ ​ ​ September 30, ​ Accumulated OCI ​ September 30, ​ ​ ​ 2020 ​ 2019 into Income (Expense) 2020 ​ 2019 Derivatives in Cash Flow Hedging Relationships: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps ​ $ (39,965) ​ $ (3,789) ​ Interest expense ​ $ (6,479) ​ $ 1,197 ​ Total derivatives ​ $ (39,965) ​ $ (3,789) ​ ​ ​ ​ ​ $ (6,479) ​ $ 1,197 ​

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Leases
Schedule of Company's Lease Cost	The Company’s lease costs for the three months and nine months ended September 30, 2020 and 2019 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ ​ 2020 ​ 2019 ​ 2020 ​ 2019 ​ Operating lease cost $ 2,929 ​ $ 3,167 ​ $ 9,009 ​ $ 9,742 ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of right-of-use assets 38 ​ 43 ​ 112 ​ 120 ​ Interest on lease liabilities 12 ​ 18 ​ 37 ​ 49 ​ Net lease cost $ 2,979 ​ $ 3,228 ​ $ 9,158 ​ $ 9,911 ​
Schedule of Future Minimum Lease Payments Under Non-Cancelable Leases	Future minimum lease payments under non-cancelable leases at September 30, 2020 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ Operating Finance ​ ​ Leases ​ Leases Year 1 ​ $ 6,335 ​ $ 260 Year 2 ​ 6,029 ​ 241 Year 3 ​ 6,062 ​ 232 Year 4 ​ 5,873 ​ 60 Year 5 ​ 5,911 ​ 46 Years thereafter ​ 569,804 ​ 578 Total future minimum lease payments ​ 600,014 ​ 1,417 Less amount representing interest ​ (492,632) ​ ​ (271) Total present value of minimum payments ​ $ 107,382 ​ $ 1,146 ​ ​ ​ ​ ​ ​ ​
Schedule of Remaining Lease Term and Discount Rate of Leases	​ ​ ​ ​ Weighted-average remaining lease term: ​ ​ Operating leases 50.3 years Finance leases 10.1 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)	9 Months Ended
	Sep. 30, 2020
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 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 ​ Nine Months Ended ​ ​ ​ September 30, ​ September 30, ​ ​ 2020 2019 2020 2019 Interest cost ​ $ 534 ​ $ 798 ​ $ 1,885 ​ $ 2,554 ​ Expected return on plan assets ​ (962) ​ (935) ​ (3,071) ​ (2,822) ​ Amortization of net actuarial loss ​ 340 ​ 293 ​ 903 ​ 866 ​ Net settlement loss ​ ​ 1,343 ​ ​ 1,577 ​ ​ 1,343 ​ ​ 1,577 ​ Total net periodic pension expense ​ $ 1,255 ​ $ 1,733 ​ $ 1,060 ​ $ 2,175 ​
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 ​ Nine Months Ended ​ ​ ​ September 30, ​ September 30, ​ ​ 2020 2019 2020 2019 Interest cost ​ $ 17 ​ $ 26 ​ $ 52 ​ $ 76 ​ Amortization of net actuarial loss ​ 57 ​ 55 ​ 184 ​ 178 ​ Amortization of prior service credit ​ (329) ​ (329) ​ (986) ​ (986) ​ Total net postretirement benefit income ​ $ (255) ​ $ (248) ​ $ (750) ​ $ (732) ​

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value Measurements
Assets and Liabilities Measured at Fair Value on Recurring Basis	​ The Company’s assets and liabilities measured at fair value on a recurring basis at September 30, 2020 and December 31, 2019, were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets for Observable Unobservable ​ ​ September 30, ​ Identical Assets ​ Inputs ​ Inputs ​ ​ 2020 ​ (Level 1) ​ (Level 2) ​ (Level 3) Deferred compensation plan investments ​ $ 29,746 ​ $ 29,746 ​ $ — ​ $ — Total assets measured at fair value ​ $ 29,746 ​ $ 29,746 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable to fixed interest rate swaps ​ $ 31,852 ​ $ — ​ $ 31,852 ​ $ — Total liabilities measured at fair value ​ $ 31,852 ​ $ — ​ $ 31,852 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets for Observable Unobservable ​ ​ December 31, ​ Identical Assets ​ Inputs ​ Inputs ​ ​ 2019 ​ (Level 1) ​ (Level 2) ​ (Level 3) Deferred compensation plan investments ​ $ 29,174 ​ $ 29,174 ​ $ — ​ $ — Variable to fixed interest rate swaps ​ ​ 3,808 ​ ​ — ​ ​ 3,808 ​ ​ — Total assets measured at fair value ​ $ 32,982 ​ $ 29,174 ​ $ 3,808 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable to fixed interest rate swaps ​ $ 2,174 ​ $ — ​ $ 2,174 ​ $ — Total liabilities measured at fair value ​ $ 2,174 ​ $ — ​ $ 2,174 ​ $ —

Financial Reporting By Busine_2

Financial Reporting By Business Segments (Tables)	9 Months Ended
	Sep. 30, 2020
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 ​ Nine Months Ended ​ ​ ​ September 30, ​ September 30, ​ ​ 2020 2019 2020 2019 Revenues: ​ ​ ​ ​ Hospitality ​ $ 57,978 ​ $ 328,257 ​ $ 353,954 ​ $ 1,022,896 ​ Entertainment ​ 12,271 ​ 51,530 ​ 44,006 ​ 135,385 ​ Corporate and Other ​ — ​ — ​ — ​ — ​ Total ​ $ 70,249 ​ $ 379,787 ​ $ 397,960 ​ $ 1,158,281 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization: ​ ​ ​ ​ ​ Hospitality ​ $ 49,310 ​ $ 50,445 ​ $ 148,667 ​ $ 150,909 ​ Entertainment ​ 3,985 ​ 3,132 ​ 10,492 ​ 8,441 ​ Corporate and Other ​ 581 ​ 421 ​ 2,073 ​ 1,210 ​ Total ​ $ 53,876 ​ $ 53,998 ​ $ 161,232 ​ $ 160,560 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income: ​ ​ ​ ​ ​ Hospitality ​ $ (78,322) ​ $ 52,116 ​ $ (154,633) ​ $ 191,563 ​ Entertainment ​ (9,057) ​ 14,376 ​ (26,632) ​ 34,222 ​ Corporate and Other ​ (7,880) ​ (9,825) ​ (24,766) ​ (27,728) ​ Preopening costs (1) ​ (96) ​ (164) ​ (1,597) ​ (2,274) ​ Gain on sale of assets (2) ​ ​ — ​ ​ — ​ ​ 1,261 ​ ​ — ​ Credit loss on held-to-maturity securities (3) ​ ​ (7,811) ​ ​ — ​ ​ (32,784) ​ ​ — ​ Total operating income (loss) ​ (103,166) ​ 56,503 ​ (239,151) ​ 195,783 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense ​ (28,127) ​ (35,261) ​ (87,527) ​ (100,840) ​ Interest income ​ 1,540 ​ 2,878 ​ 5,765 ​ 8,756 ​ Loss from extinguishment of debt ​ ​ — ​ ​ (494) ​ ​ — ​ ​ (494) ​ Loss from unconsolidated joint ventures ​ (1,767) ​ (308) ​ (5,482) ​ (475) ​ Other gains and (losses), net ​ 1,729 ​ 1,109 ​ (14,831) ​ 857 ​ Income (loss) before income taxes ​ $ (129,791) ​ $ 24,427 ​ $ (341,226) ​ $ 103,587 ​ (1) Preopening costs for the three months ended September 30, 2020 relates to the Hospitality segment. Preopening costs for the nine months ended September 30, 2020 include $0.2 million and $1.4 million for the Hospitality and Entertainment segments, respectively. Preopening costs for the three months ended September 30, 2019 relate to the Entertainment segment. Preopening costs of the nine months ended September 30, 2019 include $0.6 million and $1.6 million for the Hospitality and Entertainment segments, respectively. (2) Gain on sale of assets for the nine months ended September 30, 2020 relates to the Hospitality segment. (3) Credit loss on held-to-maturity securities for the three months and nine months ended September 30, 2020 relates to the Hospitality segment. ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2020 ​ 2019 Identifiable assets: ​ ​ Hospitality ​ $ 3,310,128 ​ $ 3,494,084 Entertainment ​ 188,848 ​ 181,036 Corporate and Other ​ 88,775 ​ 413,348 Total identifiable assets ​ $ 3,587,751 ​ $ 4,088,468

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Transition adjustment	$ (831,265)			$ (495,514)
Accumulated other comprehensive loss	$ (69,052)			$ (28,159)
Cumulative Effect, Period of Adoption, Adjustment [Member]
Schedule of Equity Method Investments [Line Items]
Transition adjustment		$ (5,300)
Accumulated other comprehensive loss			$ 2,200
Gaylord Rockies [Member]
Schedule of Equity Method Investments [Line Items]
Equity interest (as a percent)	65.00%
Circle [Member]
Schedule of Equity Method Investments [Line Items]
Equity interest (as a percent)	50.00%

Basis of Presentation - Acquisi

Basis of Presentation - Acquisition (Details) - Block 21 [Member] $ in Millions	1 Months Ended
	Dec. 31, 2019USD ($)
Business Acquisition [Line Items]
Purchase price	$ 275
Liabilities assumed	141
Nonrefundable deposit	$ 15

Basis of Presentation - Covid 1

Basis of Presentation - Covid 19 (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020item	Sep. 30, 2020USD ($)	Apr. 23, 2020$ / shares	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)
Debt Instrument [Line Items]
Number of weeks employee severance compensation paid | item	1
Cash and cash equivalents - unrestricted		$ 52,162		$ 362,430	$ 101,786
Revolving Credit Facility [Member] | $700 Million Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Remaining borrowing capacity		$ 664,100
Sixth Amended And Restated Credit Agreement [Member]
Debt Instrument [Line Items]
Dividends permitted amount per quarter | $ / shares			$ 0.01

Revenues - Revenues Disaggregat

Revenues - Revenues Disaggregated by Major Source (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 70,249	$ 379,787	$ 397,960	$ 1,158,281
Rooms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	24,487	134,950	133,417	411,866
Hotel Group Rooms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	2,747	93,172	85,611	301,932
Hotel Transient Rooms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	21,740	41,778	47,806	109,934
Food and Beverage [Member]
Disaggregation of Revenue [Line Items]
Total revenues	16,217	155,173	163,477	499,346
Hotel Food And Beverage Banquets [Member]
Disaggregation of Revenue [Line Items]
Total revenues	3,653	104,961	111,904	354,678
Hotel Food And Beverage Outlets [Member]
Disaggregation of Revenue [Line Items]
Total revenues	12,564	50,212	51,573	144,668
Hotel, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	17,274	38,134	57,060	111,684
Entertainment [Member]
Disaggregation of Revenue [Line Items]
Total revenues	12,271	51,530	44,006	135,385
Entertainment Admissions And Ticketing [Member]
Disaggregation of Revenue [Line Items]
Total revenues	1,689	24,075	12,456	59,658
Entertainment Food And Beverage [Member]
Disaggregation of Revenue [Line Items]
Total revenues	4,899	17,617	16,425	47,504
Entertainment Retail And Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 5,683	$ 9,838	$ 15,125	$ 28,223

Revenues - Hospitality Segment

Revenues - Hospitality Segment Revenues Disaggregated by Location (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 70,249	$ 379,787	$ 397,960	$ 1,158,281
Hospitality [Member]
Disaggregation of Revenue [Line Items]
Total revenues	57,978	328,257	353,954	1,022,896
Hospitality [Member] | Gaylord Opryland [Member]
Disaggregation of Revenue [Line Items]
Total revenues	17,514	90,186	94,961	278,131
Hospitality [Member] | Gaylord Palms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	7,658	40,854	53,847	148,127
Hospitality [Member] | Gaylord Texan [Member]
Disaggregation of Revenue [Line Items]
Total revenues	19,651	66,508	81,119	207,873
Hospitality [Member] | Gaylord National [Member]
Disaggregation of Revenue [Line Items]
Total revenues	133	59,128	50,056	202,886
Hospitality [Member] | Gaylord Rockies [Member]
Disaggregation of Revenue [Line Items]
Total revenues	11,931	64,949	68,335	165,628
Hospitality [Member] | AC Hotel [Member]
Disaggregation of Revenue [Line Items]
Total revenues	735	2,882	2,730	8,631
Hospitality [Member] | Inn at Opryland [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 356	$ 3,750	$ 2,906	$ 11,620

Revenues - Additional Informati

Revenues - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Contract with Customer, Liability [Abstract]
Deferred revenues	$ 61.7	$ 76.7
Change in Contract with Customer, Liability [Abstract]
Revenue recognized	$ 44.8

Income (Loss) Per Share (Detail

Income (Loss) Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted average shares outstanding - basic (in shares)	54,980	51,444	54,955	51,411
Effect of dilutive stock-based compensation (in shares)		125		152
Effect of dilutive put rights (in shares)		263		263
Net income available to common stockholders - assuming dilution (in shares)	54,980	51,832	54,955	51,826

Income (Loss) Per Share - Addit

Income (Loss) Per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Stock-based compensation
INCOME PER SHARE
Anti-dilutive securities excluded from EPS computation	0.1	0.1

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Summary of Changes in Accumulated Other Comprehensive Loss by Component (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 644,729
Transition adjustment	(831,265)				$ (495,514)
Transition adjustment	(69,052)				$ (28,159)
Ending balance	271,926
Cumulative Effect, Period of Adoption, Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Transition adjustment			$ (5,300)
Transition adjustment				$ 2,200
Interest Rate Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	1,634
Losses arising during period	(39,965)	$ (3,789)
Amounts reclassified from accumulated other comprehensive loss	6,479	(1,197)
Net other comprehensive income (loss)	(33,486)	(4,986)
Ending balance	(31,852)	(4,986)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(23,916)	(21,814)
Losses arising during period	(11,167)	(5,164)
Amounts reclassified from accumulated other comprehensive loss	1,444	1,635
Income tax benefit		(880)
Net other comprehensive income (loss)	(9,723)	(2,649)
Ending balance	(33,639)	(27,170)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Transition adjustment		(2,707)
Accumulated Other-than-Temporary Impairment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(5,877)	(6,210)
Amounts reclassified from accumulated other comprehensive loss	158	249
Net other comprehensive income (loss)	158	249
Ending balance	(3,561)	(5,961)
Accumulated Other-than-Temporary Impairment Attributable to Parent [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Transition adjustment	2,158
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(28,159)	(28,024)
Losses arising during period	(51,132)	(8,953)
Amounts reclassified from accumulated other comprehensive loss	8,081	687
Income tax benefit		(880)
Net other comprehensive income (loss)	(43,051)	(7,386)
Ending balance	(69,052)	(38,117)
AOCI Attributable to Parent [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Transition adjustment	$ 2,158	$ (2,707)

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Right-of-use finance lease assets	$ 1,613	$ 1,613
Property and equipment, gross	4,941,786	4,834,537
Accumulated depreciation	(1,813,169)	(1,704,285)
Property and equipment, net	3,128,617	3,130,252
Land and land improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	351,569	349,024
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,465,367	3,432,136
Furniture, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	975,368	968,858
Construction-in-progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 147,869	$ 82,906

Notes Receivable - General Info

Notes Receivable - General Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying values	$ 70,381	$ 70,381		$ 110,135
Transition adjustment	(831,265)	(831,265)		(495,514)
Credit loss		$ 32,784
Cumulative Effect, Period of Adoption, Adjustment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transition adjustment			$ (5,300)
Bonds A Series [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maturity date of notes receivable		Jul. 1, 2034
Bonds B Series [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maturity date of notes receivable		Sep. 1, 2037
Credit loss	7,811	$ 32,784
Bonds B Series [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transition adjustment			$ (5,200)
Bonds A and B Series [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying values	70,400	70,400		110,100
Credit loss reserve	$ 38,000	$ 38,000		$ 0

Notes Receivable - Interest Inc

Notes Receivable - Interest Income and Payments Received (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income	$ 1,540	$ 2,878	$ 5,765	$ 8,756
Payment received relating to notes receivables			2,985	13,211
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income	1,500	$ 2,500	4,700	7,700
Payment received relating to notes receivables			8,800	$ 11,300
Bonds A and B Series [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest receivable	$ 39,400		$ 39,400		$ 38,200

Debt - Debt and Capital Lease O

Debt - Debt and Capital Lease Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Finance lease obligations	$ 1,146	$ 1,308
Total debt	2,586,972	2,559,968
Line of Credit [Member] | $700 Million Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term debt	27,353
Secured Debt [Member] | $200 Million Term Loan A [Member]
Debt Instrument [Line Items]
Long-term debt	297,720	297,522
Secured Debt [Member] | $500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Long-term debt	378,729	381,749
Secured Debt [Member] | $800M Term Loan (Gaylord Rockies JV) [Member]
Debt Instrument [Line Items]
Long-term debt	793,310	791,985
Senior Notes [Member] | $400 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	397,469	396,778
Senior Notes [Member] | $700 Million 4.75% Senior Note [Member]
Debt Instrument [Line Items]
Long-term debt	691,200
Senior Notes [Member] | $500 Million 4.75% Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 691,245	$ 690,626

Debt - Summary of Debt and Capi

Debt - Summary of Debt and Capital Lease Obligations - General Information (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Write-off of deferred financing costs	$ 246,000	$ 2,833,000
$400 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 400,000,000
$800M Term Loan (Gaylord Rockies JV) [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)	2.50%
Revolving Credit Facility [Member] | $700 Million Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Remaining borrowing capacity	$ 664,100,000
Line of Credit [Member] | Revolving Credit Facility [Member] | $700 Million Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 700,000,000
Credit facility, maturity date	Mar. 31, 2024
Unamortized deferred financing costs	$ 7,647,000		$ 0
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)	1.95%
Line of Credit [Member] | Sixth Amended And Restated Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Minimum liquidity maintenance	$ 100,000,000
Secured Debt [Member] | $200 Million Term Loan A [Member]
Debt Instrument [Line Items]
Credit facility, maturity date	May 31, 2025
Unamortized deferred financing costs	$ 2,280,000		2,478,000
Secured Debt [Member] | $200 Million Term Loan A [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)	1.90%
Secured Debt [Member] | $300 Million Term Loan A [Member]
Debt Instrument [Line Items]
Face amount	$ 300,000,000
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	$ 3,771,000		$ 4,501,000
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%
Secured Debt [Member] | $400 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 400,000,000
Secured Debt [Member] | $800M Term Loan (Gaylord Rockies JV) [Member]
Debt Instrument [Line Items]
Face amount	$ 800,000,000
Debt instrument, maturity date	Jul. 2, 2023
Unamortized deferred financing costs	$ 6,690,000		$ 8,015,000
Senior Notes [Member] | $400 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 400,000,000
Stated interest rate (as a percent)	5.00%
Debt instrument, maturity date	Apr. 15, 2023
Unamortized deferred financing costs	$ 2,531,000		3,222,000
Senior Notes [Member] | $700 Million 4.75% Senior Note [Member]
Debt Instrument [Line Items]
Face amount	$ 700,000,000
Stated interest rate (as a percent)	4.75%
Unamortized premium	$ 2,234,000		2,434,000
Senior Notes [Member] | $500 Million 4.75% Senior Notes [Member]
Debt Instrument [Line Items]
Stated interest rate (as a percent)	4.75%
Debt instrument, maturity date	Oct. 15, 2027
Unamortized deferred financing costs	$ 10,989,000		$ 11,808,000

Debt - Derivative Financial Ins

Debt - Derivative Financial Instruments (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Interest expense	$ 28,127,000	$ 35,261,000	$ 87,527,000	$ 100,840,000
Derivatives in Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	183,000	(3,789,000)
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Expense)	3,989,000	1,197,000
Derivatives in Cash Flow Hedging | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Estimated reclassification from AOCI to interest expenses			(15,900,000)
Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of derivative liability	33,600,000		33,600,000
Termination value in case of breach of provisions	33,600,000		33,600,000
Interest rate swaps | Derivatives in Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Estimated Fair Value Asset (Liability) Balance	(31,852,000)		$ (31,852,000)		$ 1,634,000
Amount of Gain (Loss) Recognized in OCI on Derivative	183,000	(3,789,000)
Interest rate swaps | Derivatives in Cash Flow Hedging | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Expense)	$ 3,989,000	$ 1,197,000
Gaylord Rockies [Member] | Interest rate swaps | Derivatives in Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Strike rate	1.65%		1.65%
Derivative, maturity date			Aug. 1, 2022
Notional amount	$ 800,000,000		$ 800,000,000
Estimated Fair Value Asset (Liability) Balance	$ (21,994,000)		$ (21,994,000)		(2,174,000)
Term Loan B | Derivative Instrument One Term Loan B Maturing on May 11, 2023 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, maturity date			May 11, 2023
Term Loan B | Derivative Instrument One Term Loan B Maturing on May 11, 2023 [Member] | Derivatives in Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Strike rate	1.2235%		1.2235%
Notional amount	$ 87,500,000		$ 87,500,000
Estimated Fair Value Asset (Liability) Balance	$ (2,460,000)		$ (2,460,000)		959,000
Term Loan B | Derivative Instrument Two Term Loan B Maturing on May 11, 2023 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, maturity date			May 11, 2023
Term Loan B | Derivative Instrument Two Term Loan B Maturing on May 11, 2023 [Member] | Derivatives in Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Strike rate	1.2235%		1.2235%
Notional amount	$ 87,500,000		$ 87,500,000
Estimated Fair Value Asset (Liability) Balance	$ (2,460,000)		$ (2,460,000)		959,000
Term Loan B | Derivative Instrument Three Term Loan B Maturing on May 11, 2023 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, maturity date			May 11, 2023
Term Loan B | Derivative Instrument Three Term Loan B Maturing on May 11, 2023 [Member] | Derivatives in Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Strike rate	1.2235%		1.2235%
Notional amount	$ 87,500,000		$ 87,500,000
Estimated Fair Value Asset (Liability) Balance	$ (2,460,000)		$ (2,460,000)		956,000
Term Loan B | Derivative Instrument Four Term Loan B Maturing on May 11, 2023 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, maturity date			May 11, 2023
Term Loan B | Derivative Instrument Four Term Loan B Maturing on May 11, 2023 [Member] | Derivatives in Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Strike rate	1.2315%		1.2315%
Notional amount	$ 87,500,000		$ 87,500,000
Estimated Fair Value Asset (Liability) Balance	(2,478,000)		(2,478,000)		934,000
Derivatives designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative			(39,965,000)	(3,789,000)
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Expense)			(6,479,000)	1,197,000
Derivatives designated as hedging instruments | Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative			(39,965,000)	(3,789,000)
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Expense)			(6,479,000)	$ 1,197,000
$500 Million Term Loan B [Member] | Secured Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Face amount	500,000,000		500,000,000		$ 500,000,000
$800M Term Loan (Gaylord Rockies JV) [Member] | Secured Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Face amount	$ 800,000,000		$ 800,000,000

Deferred Management Rights Pr_2

Deferred Management Rights Proceeds (Details) - USD ($) $ in Millions	Oct. 01, 2012	Sep. 30, 2020
Deferred Management Rights Proceeds
Sales price of management rights and intellectual property	$ 210
Purchase price allocated to the management rights	$ 190
Term of management rights for income amortization		65 years

Leases (Details)

Leases (Details)	9 Months Ended
	Sep. 30, 2020a
Ole Red [Member] | Minimum [Member]
Lessee, Lease, Description [Line Items]
Operating lease, term of lease	5 years
Operating lease, renewal term	5 years
Ole Red [Member] | Maximum [Member]
Lessee, Lease, Description [Line Items]
Operating lease, term of lease	10 years
Operating lease, renewal term	55 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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Leases
Operating lease cost	$ 2,929	$ 3,167	$ 9,009	$ 9,742
Finance lease cost:
Amortization of right-of-use assets	38	43	112	120
Interest on lease liabilities	12	18	37	49
Net lease cost	$ 2,979	$ 3,228	$ 9,158	$ 9,911

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Operating Lease Liabilities, Payments Due [Abstract]
Year 1	$ 6,335
Year 2	6,029
Year 3	6,062
Year 4	5,873
Year 5	5,911
Years thereafter	569,804
Total future minimum lease payments	600,014
Less amount representing interest	(492,632)
Total present value of minimum payments	107,382	$ 106,331
Finance Lease Liabilities, Payments, Due [Abstract]
Year 1	260
Year 2	241
Year 3	232
Year 4	60
Year 5	46
Years thereafter	578
Total future minimum lease payments	1,417
Less amount representing interest	(271)
Total present value of minimum payments	$ 1,146	$ 1,308

Leases - Discount Rate (Details

Leases - Discount Rate (Details)	Sep. 30, 2020
Weighted-average remaining lease term (years):
Operating leases	50 years 3 months 18 days
Finance leases	10 years 1 month 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 in Millions	9 Months Ended
	Sep. 30, 2020$ / sharesshares
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) | $ / shares	$ 84.26
Restricted stock award, outstanding (in shares)	0.3

Stock Plans - Compensation Expe

Stock Plans - Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Stock Plans
Compensation cost on stock-based compensation plans	$ 2.2	$ 1.9	$ 6.6	$ 5.9

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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Pension Plan [Member] | Qualified Plan [Member]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Interest cost	$ 534	$ 798	$ 1,885	$ 2,554
Expected return on plan assets	(962)	(935)	(3,071)	(2,822)
Amortization of net actuarial loss	340	293	903	866
Net settlement loss	1,343	1,577	1,343	1,577
Total net periodic benefit expense (income)	1,255	1,733	1,060	2,175
Postretirement Health Coverage [Member]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Interest cost	17	26	52	76
Amortization of net actuarial loss	57	55	184	178
Amortization of prior service credit	(329)	(329)	(986)	(986)
Total net periodic benefit expense (income)	$ (255)	$ (248)	$ (750)	$ (732)

Pension and Postretirement Be_4

Pension and Postretirement Benefits Other Than Pension Plans - Qualified Plan - Net Settlement Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Pension Plan [Member] | Qualified Plan [Member]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment [Abstract]
Net settlement loss	$ 1,343	$ 1,577	$ 1,343	$ 1,577

Pension and Postretirement Be_5

Pension and Postretirement Benefits Other Than Pension Plans - Discount Rate to Determine the Benefit Obligation (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Jul. 31, 2020	Dec. 31, 2019
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate (as a percent)		1.76%	2.85%
Increase in pension plan liability	$ 10.1

Income Taxes - Income Tax Provi

Income Taxes - Income Tax Provision (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Income Tax Expense (Benefit), Continuing Operations [Abstract]
Provision for income taxes	$ 86	$ 3,537	$ 27,046	$ 13,743
Valuation allowance	26,700		26,700
Income tax expense (benefit)	100		300
Unrecognized tax benefits	$ 0		$ 0		$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	Apr. 30, 2019	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2019
Schedule of Equity Method Investments [Line Items]
Capital contribution			$ 8,761	$ 2,241
Operating Partnership Units			400,000
Redemption of Operating Partnership Units into Company's common stock (in shares)		1	1
Gaylord Rockies [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of guarantee repayment of principal debt			10.00%
Equity interest (as a percent)		65.00%	65.00%
Gaylord Rockies [Member] | Put Right Holders [Member]
Schedule of Equity Method Investments [Line Items]
Capital contribution		$ 2,900
Percentage of interest of put right owners		0.50%	0.50%
Gaylord Rockies [Member] | Remaining Put Right Holders [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of interest of put right owners		2.40%	2.40%
Value of warrants or rights exercised		$ 14,000
Operating Partnership Units		400,000
New Country Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Equity interest (as a percent)	50.00%
Capital contribution	$ 12,500
Additional possible contribution	$ 2,500
Circle [Member]
Schedule of Equity Method Investments [Line Items]
Equity interest (as a percent)		50.00%	50.00%

Equity - Dividends (Details)

Equity - Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				9 Months Ended
	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Apr. 23, 2020
Subsidiary or Equity Method Investee [Line Items]
Dividend amount for current period (in dollars per share)	$ 0.95	$ 0.90	$ 0.90	$ 0.90
Aggregated dividend paid					$ 52.2
Dividend payable date declared					Feb. 25, 2020
Common stock dividend payable date					Apr. 15, 2020
Dividend payable date of record					Mar. 31, 2020
Conversion of outstanding Operating Partnership Units into the Company's common stock ( in shares)					1
Outstanding Operating Partnership Units					400,000
Noncontrolling Limited Partners [Member]
Subsidiary or Equity Method Investee [Line Items]
Percentage of outstanding Operating Partnership Units held by the noncontrolling limited partners					1.00%
Ryman Hospitality Properties, Inc [Member]
Subsidiary or Equity Method Investee [Line Items]
Percentage of outstanding Operating Partnership Units held by the company					99.20%
Sixth Amended And Restated Credit Agreement [Member]
Subsidiary or Equity Method Investee [Line Items]
Dividends permitted amount per quarter						$ 0.01

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value	$ 31,852	$ 2,174
Deferred compensation plan investments	29,746	29,174
Total assets measured at fair value	29,746	32,982
Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value	31,852	2,174
Total assets measured at fair value		3,808
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	29,746	29,174
Total assets measured at fair value	29,746	29,174
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value	31,852	2,174
Total assets measured at fair value		3,808
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value	$ 31,852	2,174
Total assets measured at fair value		$ 3,808

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
$400 Million 5% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Face amount	$ 400,000,000
Senior Notes [Member] | $400 Million 5% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Face amount	$ 400,000,000
Stated interest rate (as a percent)	5.00%
Debt amount	$ 397,469,000	$ 396,778,000
Fair value of notes	390,300,000
Senior Notes [Member] | $700 Million 4.75% Senior Note [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Face amount	$ 700,000,000
Stated interest rate (as a percent)	4.75%
Debt amount	$ 691,200,000
Fair value of notes	$ 644,700,000

Financial Reporting By Busine_3

Financial Reporting By Business Segments - General Information (Details)	9 Months Ended
	Sep. 30, 2020segment
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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenues	$ 70,249	$ 379,787	$ 397,960	$ 1,158,281
Depreciation and amortization	53,876	53,998	161,232	160,560
Preopening costs	(96)	(164)	(1,597)	(2,274)
Gain on sale of assets			1,261
Credit loss on held-to-maturity securities			(32,784)
Operating income	(103,166)	56,503	(239,151)	195,783
Interest expense	(28,127)	(35,261)	(87,527)	(100,840)
Interest income	1,540	2,878	5,765	8,756
Loss from extinguishment of debt		(494)		(494)
Loss from unconsolidated joint ventures	(1,767)	(308)	(5,482)	(475)
Income (loss) before income taxes	(129,791)	24,427	(341,226)	103,587
Hospitality [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenues	57,978	328,257	353,954	1,022,896
Depreciation and amortization	49,310	50,445	148,667	150,909
Preopening costs			(200)	(600)
Operating income	(78,322)	52,116	(154,633)	191,563
Entertainment [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenues	12,271	51,530	44,006	135,385
Depreciation and amortization	3,985	3,132	10,492	8,441
Preopening costs			(1,400)	(1,600)
Operating income	(9,057)	14,376	(26,632)	34,222
Corporate and Other [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Depreciation and amortization	581	421	2,073	1,210
Operating income	(7,880)	(9,825)	(24,766)	(27,728)
Notes Receivable [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Interest income	1,500	$ 2,500	4,700	$ 7,700
Bonds B Series [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Credit loss on held-to-maturity securities	$ (7,811)		$ (32,784)

Financial Reporting By Busine_5

Financial Reporting By Business Segments - Identifiable Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Preopening costs	$ 96	$ 164	$ 1,597	$ 2,274
Identifiable assets	3,587,751		3,587,751		$ 4,088,468
Hospitality [Member]
Segment Reporting Information [Line Items]
Preopening costs			200	600
Identifiable assets	3,310,128		3,310,128		3,494,084
Entertainment [Member]
Segment Reporting Information [Line Items]
Preopening costs			1,400	$ 1,600
Identifiable assets	188,848		188,848		181,036
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Identifiable assets	$ 88,775		$ 88,775		$ 413,348