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v3.19.3

Debt (Tables) | 9 Months Ended
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Sep. 30, 2019
Debt |
Summary of debt and capital lease obligations | The Company’s debt and finance lease obligations at September 30, 2019 and December 31, 2018 consisted of (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
​ |  | 2019 |  | 2018
$700M Revolving Credit Facility, interest at LIBOR plus 1.80%, maturing May 23, 2021, less unamortized deferred financing costs of $4,570 and $6,542 | ​ | $ | 218,430 | ​ | $ | 518,458
$200M Term Loan A, interest at LIBOR plus 1.75%, maturing May 23, 2022, less unamortized deferred financing costs of $960 and $1,220 | ​ |  | 199,040 | ​ |  | 198,780
$500M Term Loan B, interest at LIBOR plus 2.00%, maturing May 11, 2024, less unamortized deferred financing costs of $4,637 and $5,307 | ​ |  | 482,863 | ​ |  | 485,943
$350M Senior Notes, interest at 5.0%, original maturity April 15, 2021, less unamortized deferred financing costs of $0 and $2,385 | ​ |  | — | ​ |  | 347,615
$400M Senior Notes, interest at 5.0%, maturing April 15, 2023, less unamortized deferred financing costs of $3,441 and $4,097 | ​ |  | 396,559 | ​ |  | 395,903
$500M Senior Notes, interest at 4.75%, maturing October 15, 2027, less unamortized deferred financing costs of $8,385 and $0 | ​ |  | 491,615 | ​ |  | —
$800M Term Loan (Gaylord Rockies joint venture), interest at LIBOR plus 2.50%, maturing July 2, 2023, less unamortized deferred financing costs of $8,546 and $0 | ​ |  | 791,454 | ​ |  | —
$500M Construction Loan (Gaylord Rockies joint venture), original maturity December 18, 2019, less unamortized deferred financing costs of $0 and $1,807 | ​ |  | — | ​ |  | 457,090
$39M Mezzanine Loan (Gaylord Rockies joint venture), original maturity December 18, 2019, less unamortized deferred financing costs of $0 and $227 | ​ |  | — | ​ |  | 37,488
Finance lease obligations | ​ | ​ | 1,351 | ​ | ​ | 618
Total debt | ​ | $ | 2,581,312 | ​ | $ | 2,441,895
Schedule of fair value of the Company's derivative liabilities |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Derivative Liabilities
​ | ​ | Balance Sheet | ​ | September 30, | ​ | December 31,
​ | ​ | Location | ​ | 2019 | ​ | 2018
Derivatives designated as hedging instruments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap | ​ | Other liabilities | ​ | $ | 4,986 | ​ | $ | —
Total derivatives | ​ | ​ | ​ | $ | 4,986 | ​ | $ | —
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, | ​
​ | ​ | 2019 | ​ | 2018 |  | into Income (Expense) |  | 2019 | ​ | 2018 |
Derivatives in Cash Flow Hedging Relationships: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap | ​ | $ | (3,789) | ​ | $ | — | ​ | Interest expense | ​ | $ | 1,197 | ​ | $ | — | ​
Total derivatives | ​ | $ | (3,789) | ​ | $ | — | ​ | ​ | ​ | ​ | ​ | $ | 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, | ​
​ | ​ | 2019 | ​ | 2018 |  | into Income (Expense) |  | 2019 | ​ | 2018 |
Derivatives in Cash Flow Hedging Relationships: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap | ​ | $ | (3,789) | ​ | $ | — | ​ | Interest expense | ​ | $ | 1,197 | ​ | $ | — | ​
Total derivatives | ​ | $ | (3,789) | ​ | $ | — | ​ | ​ | ​ | ​ | ​ | $ | 1,197 | ​ | $ | — | ​

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