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Description of the Business and Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2021
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):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
Debt interest paid | ​ | $ | 113,669 | ​ | $ | 113,743 | ​ | $ | 121,876
Capitalized interest | ​ |  | (2,922) | ​ |  | (3,753) | ​ |  | (1,618)
Cash paid for interest, net of capitalized interest | ​ | $ | 110,747 | ​ | $ | 109,990 | ​ | $ | 120,258
​
Summary of Prepaid Expense and Other Assets | Prepaid expenses and other assets at December 31 consist of (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
Prepaid expenses | ​ | $ | 24,359 | ​ | $ | 19,447
Supplemental deferred compensation plan assets | ​ |  | 31,183 | ​ |  | 31,277
Tax rebate receivables | ​ | ​ | 21,456 | ​ | ​ | 27,096
Inventories | ​ |  | 8,369 | ​ |  | 7,157
Other | ​ |  | 27,537 | ​ |  | 15,517
Total prepaid expenses and other assets | ​ | $ | 112,904 | ​ | $ | 100,494
​
Summary of Estimated Amounts of Amortization Expense for Next Five Years |
​ | ​ | ​ | ​
2022 |  | $ | 22,240
2023 | ​ |  | 4,282
2024 | ​ |  | 4,044
2025 | ​ |  | 4,038
2026 | ​ |  | 4,038
​ | ​ | $ | 38,642
Accounts Payable and Accrued Liabilities of Continuing Operations | Accounts payable and accrued liabilities at December 31 consist of (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
Trade accounts payable | ​ | $ | 31,725 | ​ | $ | 23,125
Property and other taxes payable | ​ |  | 54,991 | ​ |  | 51,821
Deferred revenues | ​ |  | 116,820 | ​ |  | 70,441
Accrued salaries and benefits | ​ |  | 42,472 | ​ |  | 20,598
Accrued interest payable | ​ |  | 20,313 | ​ |  | 14,263
Other accrued liabilities | ​ |  | 38,398 | ​ |  | 22,873
Total accounts payable and accrued liabilities | ​ | $ | 304,719 | ​ | $ | 203,121
​
Other Liabilities | Other liabilities at December 31 consist of (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
Pension and postretirement benefits liability | ​ | $ | 20,061 | ​ | $ | 32,686
Deferred compensation liability | ​ |  | 31,183 | ​ |  | 31,277
Derivative liabilities | ​ | ​ | 9,362 | ​ | ​ | 27,819
Other | ​ |  | 11,333 | ​ |  | 997
Total other liabilities | ​ | $ | 71,939 | ​ | $ | 92,779
Revenues Disaggregated by Major Source | The Company’s revenues disaggregated by major source are as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
Hotel group rooms | ​ | $ | 131,404 | ​ | $ | 88,606 | ​ | $ | 387,741
Hotel transient rooms |  | ​ | 197,470 |  |  | 83,112 |  |  | 169,821
Hotel food and beverage - banquets |  | ​ | 140,186 |  |  | 116,624 |  |  | 453,612
Hotel food and beverage - outlets |  | ​ | 139,303 |  |  | 70,914 |  |  | 207,158
Hotel other |  | ​ | 178,220 |  |  | 106,789 |  |  | 203,114
Entertainment admissions/ticketing |  | ​ | 62,768 |  |  | 16,564 |  |  | 81,434
Entertainment food and beverage |  | ​ | 51,515 |  |  | 21,506 |  |  | 63,815
Entertainment produced content | ​ | ​ | 5,919 | ​ | ​ | 4,708 | ​ | ​ | 3,759
Entertainment retail and other |  | ​ | 32,588 |  |  | 15,652 |  |  | 34,112
Total revenues |  | $ | 939,373 |  | $ | 524,475 |  | $ | 1,604,566
​
Hospitality Segment Revenues Disaggregated by Location | The Company’s Hospitality segment revenues disaggregated by location are as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
Gaylord Opryland |  | $ | 238,567 | ​ | $ | 133,333 | ​ | $ | 385,610
Gaylord Palms |  | ​ | 139,130 | ​ |  | 77,819 | ​ |  | 208,298
Gaylord Texan |  | ​ | 180,031 | ​ |  | 111,236 | ​ |  | 292,548
Gaylord National |  | ​ | 79,419 | ​ |  | 52,026 | ​ |  | 281,367
Gaylord Rockies | ​ | ​ | 135,942 | ​ | ​ | 84,715 | ​ | ​ | 226,576
AC Hotel |  | ​ | 5,838 | ​ |  | 3,332 | ​ |  | 11,725
Inn at Opryland |  | ​ | 7,656 | ​ |  | 3,584 | ​ |  | 15,322
Total Hospitality segment revenues | ​ | $ | 786,583 | ​ | $ | 466,045 | ​ | $ | 1,421,446
​
Income Per Share |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2021
​ |  | Loss |  | Shares |  | Per Share
Net loss available to common stockholders | ​ | $ | (176,966) | ​ | 55,047 | ​ | $ | (3.21)
Effect of dilutive stock-based compensation | ​ | ​ | — | ​ | — | ​ | ​ | —
Net loss available to common stockholders — assuming dilution | ​ | $ | (176,966) |  | 55,047 | ​ | $ | (3.21)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2020
​ |  | Loss |  | Shares |  | Per Share
Net loss available to common stockholders | ​ | $ | (417,391) |  | 54,962 | ​ | $ | (7.59)
Effect of dilutive stock-based compensation | ​ | ​ | — | ​ | — | ​ | ​ | —
Net 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

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