XML 46 R29.htm IDEA: XBRL DOCUMENT
v3.20.4

Description of the Business and Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Description of the Business and Summary of Significant Accounting Policies |
Estimated Useful Lives of Property and Equipment |
​ | ​ | ​
Buildings |  | 40 years
Land improvements |  | 20 years
Furniture, fixtures and equipment |  | 5-8 years
Leasehold improvements |  | The shorter of the lease term or useful life
Cash Paid for Interest | Cash paid for interest, net of amounts from interest rate swaps, for the years ended December 31 was comprised of (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |  | 2018
Debt interest paid | ​ | $ | 113,743 | ​ | $ | 121,876 | ​ | $ | 74,821
Capitalized interest | ​ |  | (3,753) | ​ |  | (1,618) | ​ |  | (10,013)
Cash paid for interest, net of capitalized interest | ​ | $ | 109,990 | ​ | $ | 120,258 | ​ | $ | 64,808
​
Summary of Prepaid Expense and Other Assets | Prepaid expenses and other assets at December 31 consist of (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019
Prepaid expenses | ​ | $ | 19,447 | ​ | $ | 18,888
Supplemental deferred compensation plan assets | ​ |  | 31,277 | ​ |  | 29,174
Tax rebate receivables | ​ | ​ | 27,096 | ​ | ​ | 20,389
Earnest money deposit for potential Block 21 acquisition | ​ | ​ | — | ​ | ​ | 15,000
Inventories | ​ |  | 7,157 | ​ |  | 10,329
Deferred financing costs on revolving credit facility | ​ | ​ | — | ​ | ​ | 8,493
Derivative assets | ​ | ​ | — | ​ | ​ | 3,808
Other | ​ |  | 15,517 | ​ |  | 17,764
Total prepaid expenses and other assets | ​ | $ | 100,494 | ​ | $ | 123,845
​
Summary of Estimated Amounts of Amortization Expense for Next Five Years |
​ | ​ | ​ | ​
2021 |  | $ | 40,198
2022 | ​ |  | 22,240
2023 | ​ |  | 4,282
2024 | ​ |  | 4,044
2025 | ​ |  | 4,038
​ | ​ | $ | 74,802
Accounts Payable and Accrued Liabilities of Continuing Operations | Accounts payable and accrued liabilities at December 31 consist of (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019
Trade accounts payable | ​ | $ | 23,125 | ​ | $ | 40,238
Property and other taxes payable | ​ |  | 51,821 | ​ |  | 57,668
Deferred revenues | ​ |  | 70,441 | ​ |  | 76,744
Accrued salaries and benefits | ​ |  | 20,598 | ​ |  | 35,303
Accrued interest payable | ​ |  | 14,263 | ​ |  | 16,520
Other accrued liabilities | ​ |  | 22,873 | ​ |  | 38,442
Total accounts payable and accrued liabilities | ​ | $ | 203,121 | ​ | $ | 264,915
​
Other Liabilities | Other liabilities at December 31 consist of (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019
Pension and postretirement benefits liability | ​ | $ | 32,686 | ​ | $ | 32,670
Deferred compensation liability | ​ |  | 31,277 | ​ |  | 29,174
Derivative liabilities | ​ | ​ | 27,819 | ​ | ​ | 2,174
Other | ​ |  | 997 | ​ |  | 953
Total other liabilities | ​ | $ | 92,779 | ​ | $ | 64,971
Revenues Disaggregated by Major Source | The Company’s revenues disaggregated by major source are as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |  | 2018
Hotel group rooms | ​ | $ | 88,606 | ​ | $ | 387,741 | ​ | $ | 312,364
Hotel transient rooms |  | ​ | 83,112 |  |  | 169,821 |  |  | 142,006
Hotel food and beverage - banquets |  | ​ | 116,624 |  |  | 453,612 |  |  | 360,181
Hotel food and beverage - outlets |  | ​ | 70,914 |  |  | 207,158 |  |  | 159,662
Hotel other |  | ​ | 106,789 |  |  | 203,114 |  |  | 153,690
Entertainment admissions/ticketing |  | ​ | 16,564 |  |  | 81,434 |  |  | 69,291
Entertainment food and beverage |  | ​ | 21,506 |  |  | 63,815 |  |  | 45,961
Entertainment retail and other |  | ​ | 20,360 |  |  | 37,871 |  |  | 31,963
Total revenues |  | $ | 524,475 |  | $ | 1,604,566 |  | $ | 1,275,118
​
Hospitality Segment Revenues Disaggregated by Location | The Company’s Hospitality segment revenues disaggregated by location are as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |  | 2018
Gaylord Opryland |  | $ | 133,333 | ​ | $ | 385,610 | ​ | $ | 365,999
Gaylord Palms |  | ​ | 77,819 | ​ |  | 208,298 | ​ |  | 200,763
Gaylord Texan |  | ​ | 111,236 | ​ |  | 292,548 | ​ |  | 260,418
Gaylord National |  | ​ | 52,026 | ​ |  | 281,367 | ​ |  | 274,299
Gaylord Rockies | ​ | ​ | 84,715 | ​ | ​ | 226,576 | ​ | ​ | —
AC Hotel |  | ​ | 3,332 | ​ |  | 11,725 | ​ |  | 10,761
Inn at Opryland and other |  | ​ | 3,584 | ​ |  | 15,322 | ​ |  | 15,663
Total Hospitality segment revenues | ​ | $ | 466,045 | ​ | $ | 1,421,446 | ​ | $ | 1,127,903
​
Income Per Share |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2020
​ |  | Income (Loss) |  | Shares |  | Per Share
Net income (loss) available to common stockholders | ​ | $ | (417,391) | ​ | 54,962 | ​ | $ | (7.59)
Effect of dilutive stock-based compensation | ​ | ​ | — | ​ | — | ​ | ​ | —
Net income (loss) available to common stockholders — assuming dilution | ​ | $ | (417,391) |  | 54,962 | ​ | $ | (7.59)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2019
​ |  | Income |  | Shares |  | Per Share
Net income available to common stockholders | ​ | $ | 145,794 |  | 51,609 | ​ | $ | 2.82
Effect of dilutive stock-based compensation | ​ | ​ | — | ​ | 169 | ​ | ​ | —
Effect of dilutive put rights | ​ |  | — |  | 197 | ​ |  | —
Net income available to common stockholders — assuming dilution | ​ | $ | 145,794 |  | 51,975 | ​ | $ | 2.81
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2018
​ |  | Income |  | Shares |  | Per Share
Net income available to common stockholders | ​ | $ | 264,670 |  | 51,294 | ​ | $ | 5.16
Effect of dilutive stock-based compensation | ​ |  | — |  | 213 | ​ |  | —
Net income available to common stockholders — assuming dilution | ​ | $ | 264,670 |  | 51,507 | ​ | $ | 5.14

X
- Definition Estimated Useful Lives Of Property And Equipment [Table Text Block] + References No definition available. + Details
Name: | rhp_EstimatedUsefulLivesOfPropertyAndEquipmentTableTextBlock
Namespace Prefix: | rhp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of other liabilities. + References No definition available. + Details
Name: | us-gaap_OtherLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration