XML 38 R22.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Quarterly Financial Information (Unaudited) | 12 Months Ended
--- | ---
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information (Unaudited) | 15. Quarterly Financial Information (Unaudited) The following is selected unaudited quarterly financial data for the fiscal years ended December 31, 2016 and 2015 (amounts in thousands, except per share data). The sum of the quarterly per share amounts may not equal the annual totals due to rounding.
|  | 2016 |
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Revenues |  | $ | 261,497 |  |  | $ | 296,215 |  |  | $ | 271,720 |  |  | $ | 319,775 |
Depreciation and amortization |  |  | 28,773 |  |  |  | 26,409 |  |  |  | 26,706 |  |  |  | 27,928 |
Operating income |  |  | 38,794 |  |  |  | 66,945 |  |  |  | 46,567 |  |  |  | 61,499 |
Income before income taxes |  |  | 25,461 |  |  |  | 52,746 |  |  |  | 35,415 |  |  |  | 49,144 |
(Provision) benefit for income taxes |  |  | 885 |  |  |  | (1,415 | ) |  |  | (1,822 | ) |  |  | (1,048 | )
Net income |  |  | 26,346 |  |  |  | 51,331 |  |  |  | 33,593 |  |  |  | 48,096 |
Net income available to common stockholders |  |  | 26,346 |  |  |  | 51,331 |  |  |  | 33,593 |  |  |  | 48,096 |
Net income per share |  |  | 0.52 |  |  |  | 1.01 |  |  |  | 0.66 |  |  |  | 0.94 |
Net income per share — assuming dilution |  |  | 0.51 |  |  |  | 1.00 |  |  |  | 0.66 |  |  |  | 0.94 |
|  | 2015 |
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Revenues |  | $ | 253,148 |  |  | $ | 274,036 |  |  | $ | 252,820 |  |  | $ | 312,120 |
Depreciation and amortization |  |  | 28,570 |  |  |  | 28,399 |  |  |  | 28,498 |  |  |  | 28,916 |
Operating income |  |  | 35,890 |  |  |  | 57,015 |  |  |  | 32,768 |  |  |  | 36,389 |
Income before income taxes |  |  | 4,853 |  |  |  | 42,255 |  |  |  | 22,079 |  |  |  | 30,469 |
(Provision) benefit for income taxes |  |  | (321 | ) |  |  | (866 | ) |  |  | 4,612 |  |  |  | 8,430 |
Net income |  |  | 4,532 |  |  |  | 41,389 |  |  |  | 26,691 |  |  |  | 38,899 |
Net income available to common stockholders |  |  | 4,532 |  |  |  | 41,389 |  |  |  | 26,691 |  |  |  | 38,899 |
Net income per share |  |  | 0.09 |  |  |  | 0.81 |  |  |  | 0.52 |  |  |  | 0.76 |
Net income per share — assuming dilution |  |  | 0.09 |  |  |  | 0.80 |  |  |  | 0.52 |  |  |  | 0.75 |
During the first quarter of 2015, the Company cash settled the remaining outstanding common stock warrants as described in Note 5. The change in the fair value of the derivative liability from December 31, 2014 through the settlement date was a loss of $20.2 million, which is included in other gains and losses, net in the accompanying consolidated statement of operations. During the fourth quarter of 2015, the Company incurred an impairment charge of $16.3 million associated with a previously contemplated expansion at Gaylord Texan, as described in Note 1, which is included in impairment and other charges in the accompanying consolidated statement of operations. During the fourth quarter of 2015, the Company recognized a $6.9 million gain associated with the reimbursement of costs that were previously incurred related to a proposed development in Aurora, Colorado. These costs were impaired in 2012 as part of the Company’s strategic shift away from long-term development, but were reimbursed in 2015 by the current developer.

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration