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Quarterly Financial Information (Unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information (Unaudited) |
Quarterly Financial Information (Unaudited) | 16. Quarterly Financial Information (Unaudited) The following is selected unaudited quarterly financial data for the fiscal years ended December 31, 2019 and 2018 (amounts in thousands, except per share data). The sum of the quarterly per share amounts may not equal the annual totals due to rounding.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2019
​ | ​ | First | ​ | Second | ​ | Third | ​ | Fourth
​ |  | Quarter |  | Quarter |  | Quarter |  | Quarter
Revenues | ​ | $ | 370,775 | ​ | $ | 407,719 | ​ | $ | 379,787 | ​ | $ | 446,285
Depreciation and amortization | ​ |  | 53,009 | ​ |  | 53,553 | ​ |  | 53,998 | ​ |  | 53,287
Operating income | ​ |  | 53,964 | ​ |  | 85,316 | ​ |  | 56,503 | ​ |  | 71,748
Income before income taxes | ​ |  | 24,644 | ​ |  | 54,516 | ​ |  | 24,427 | ​ |  | 43,182
Provision for income taxes | ​ |  | (1,974) | ​ |  | (8,232) | ​ |  | (3,537) | ​ |  | (4,732)
Net income | ​ |  | 22,670 | ​ |  | 46,284 | ​ |  | 20,890 | ​ |  | 38,450
Net income available to common shareholders | ​ | ​ | 29,408 | ​ | ​ | 49,383 | ​ | ​ | 22,349 | ​ | ​ | 44,654
Basic income per share available to common stockholders | ​ |  | 0.57 | ​ |  | 0.96 | ​ |  | 0.43 | ​ |  | 0.86
Diluted income per share available to common stockholders | ​ |  | 0.57 | ​ |  | 0.95 | ​ |  | 0.43 | ​ |  | 0.85
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2018
​ | ​ | First | ​ | Second | ​ | Third | ​ | Fourth
​ |  | Quarter |  | Quarter |  | Quarter |  | Quarter
Revenues | ​ | $ | 288,370 | ​ | $ | 333,934 | ​ | $ | 292,249 | ​ | $ | 360,565
Depreciation and amortization | ​ |  | 28,666 | ​ |  | 29,995 | ​ |  | 30,994 | ​ |  | 31,221
Operating income | ​ |  | 45,944 | ​ |  | 76,699 | ​ |  | 40,100 | ​ |  | 51,526
Income before income taxes | ​ |  | 29,548 | ​ |  | 61,222 | ​ |  | 24,454 | ​ |  | 161,191
Provision for income taxes | ​ |  | (2,209) | ​ |  | (5,676) | ​ |  | (1,863) | ​ |  | (1,997)
Net income | ​ |  | 27,339 | ​ |  | 55,546 | ​ |  | 22,591 | ​ |  | 159,194
Net income available to common shareholders | ​ | ​ | 27,339 | ​ |  | 55,546 | ​ |  | 22,591 | ​ |  | 159,194
Basic income per share available to common stockholders | ​ |  | 0.53 | ​ |  | 1.08 | ​ |  | 0.44 | ​ |  | 3.10
Diluted income per share available to common stockholders | ​ |  | 0.53 | ​ |  | 1.08 | ​ |  | 0.44 | ​ |  | 3.09
​ During the fourth quarter of 2018, the Company recognized a $131.4 million gain associated with the revaluation of its investment interest in the Gaylord Rockies joint venture, as described in Note 4. This gain is included in income from unconsolidated joint ventures in the accompanying consolidated statement of operations. During the fourth quarter of 2018, the Company incurred an impairment charge of $18.0 million associated with the closure of Opry City Stage, as described in Note 1. This impairment charge is included in impairment charges in the accompanying consolidated statement of operations.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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