XML 47 R33.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Income Taxes |
Provision for Income Taxes from Continuing Operations | The income tax provision for continuing operations consists of the following (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
CURRENT: |  | ​ |  |  | ​ |  |  | ​ |
Federal | ​ | $ | 126 | ​ | $ | (101) | ​ | $ | (120)
State | ​ |  | (1,077) | ​ |  | (457) | ​ |  | (3,941)
Total current provision | ​ |  | (951) | ​ |  | (558) | ​ |  | (4,061)
DEFERRED: | ​ |  |  | ​ |  |  | ​ |  |
Federal | ​ |  | (3,646) | ​ |  | (13,565) | ​ |  | (13,715)
State | ​ |  | (360) | ​ |  | (12,961) | ​ |  | (699)
Total deferred provision | ​ |  | (4,006) | ​ |  | (26,526) | ​ |  | (14,414)
Total provision for income taxes | ​ | $ | (4,957) | ​ | $ | (27,084) | ​ | $ | (18,475)
​
Summary of Taxability of Cash Distributions Paid on Common Shares |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
Ordinary income | ​ | $ | — | ​ | $ | — | ​ | $ | 2.55
Capital gains | ​ |  | — | ​ |  | 0.05 | ​ |  | 0.05
Return of capital | ​ |  | — | ​ |  | 1.80 | ​ |  | 0.88
​ | ​ | $ | — | ​ | $ | 1.85 | ​ | $ | 3.48
​
Differences Between the Income Tax Provision Calculated at the Statutory U.S. Federal Income Tax Rate of 35% and the Actual Income Tax Benefit Recorded for Continuing Operations | The differences between the income tax provision calculated at the statutory U.S. federal income tax rate of 21% and the actual income tax provision recorded for continuing operations are as follows (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
Statutory federal income tax (provision) benefit | ​ | $ | 39,868 | ​ | $ | 91,085 | ​ | $ | (30,822)
Adjustment for nontaxable income of the REIT | ​ |  | (16,379) | ​ |  | (33,116) | ​ |  | 15,803
Adjustment for noncontrolling interest in consolidated joint venture | ​ | ​ | (1,834) | ​ | ​ | (5,010) | ​ | ​ | (662)
State tax (provision) benefit (net of federal taxes) | ​ |  | 8,581 | ​ |  | 5,876 | ​ |  | (4,596)
Permanent share-based compensation adjustment | ​ |  | 329 | ​ |  | (579) | ​ |  | 1,257
Other permanent items | ​ |  | (281) | ​ |  | (200) | ​ |  | (377)
Change in federal valuation allowance | ​ |  | (25,698) | ​ |  | (65,368) | ​ |  | 556
Change in state valuation allowance (net of federal taxes) | ​ |  | (9,264) | ​ |  | (19,293) | ​ |  | (44)
Other | ​ |  | (279) | ​ |  | (479) | ​ |  | 410
​ | ​ | $ | (4,957) | ​ | $ | (27,084) | ​ | $ | (18,475)
​
Components of Company's Deferred Tax Assets and Liabilities | Significant components of the Company’s deferred tax assets and liabilities at December 31 are as follows (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
DEFERRED TAX ASSETS: |  | ​ |  |  | ​ |
Accounting reserves and accruals | ​ | $ | 26,340 | ​ | $ | 17,545
Defined benefit plan | ​ |  | 1,074 | ​ |  | 3,924
Deferred management rights proceeds | ​ |  | 43,009 | ​ |  | 42,424
Federal and State net operating loss carryforwards | ​ |  | 105,484 | ​ |  | 110,869
Tax credits and other carryforwards | ​ |  | 1,484 | ​ |  | 1,114
Other assets | ​ |  | 4,477 | ​ |  | 5,022
Total deferred tax assets | ​ |  | 181,868 | ​ |  | 180,898
Valuation allowance | ​ |  | (125,387) | ​ |  | (97,700)
Total deferred tax assets, net of valuation allowance | ​ |  | 56,481 | ​ |  | 83,198
DEFERRED TAX LIABILITIES: | ​ |  |  | ​ |  |
Property and equipment, net | ​ |  | 57,035 | ​ |  | 71,940
Investment in joint ventures | ​ | ​ | 101 | ​ | ​ | 11,048
Other liabilities | ​ |  | 4,016 | ​ |  | 875
Total deferred tax liabilities | ​ |  | 61,152 | ​ |  | 83,863
Net deferred tax liabilities | ​ | $ | (4,671) | ​ | $ | (665)
​

X
- Definition Taxability of Cash Distributions [Table Text Block] + References No definition available. + Details
Name: | rhp_TaxabilityOfCashDistributionsTableTextBlock
Namespace Prefix: | rhp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration