Information Concerning Guarantor And Non-Guarantor Subsidiaries (Tables)

6 Months Ended

Jun. 30, 2011

Information Concerning Guarantor And Non-Guarantor Subsidiaries (Tables) [Abstract]

Condensed Consolidating Statement of Operations

							Non-
(in thousands)	Issuer			Guarantors			Guarantors			Eliminations			Consolidated
Revenues	$	1,461		$	236,770		$	—		$	(1,456	)	$	236,775
Operating expenses:
Operating costs		—			132,746			—						132,746
Selling, general and administrative		4,050			38,998			—			—			43,048
Casualty loss		48			421			—			—			469
Preopening costs		—			41			—			—			41
Management fees		—			1,456			—			(1,456	)		—
Depreciation and amortization		1,002			28,269			—			—			29,271
Operating (loss) income		(3,639	)		34,839			—			—			31,200
Interest expense, net of amounts capitalized		(21,447	)		(30,542	)		(101	)		30,713			(21,377	)
Interest income		26,247			3,860			3,922			(30,713	)		3,316
Income from unconsolidated companies		—			152			—			—			152
Other gains and (losses), net		—			141			—			—			141
Income before income taxes		1,161			8,450			3,821			—			13,432
Provision for income taxes		(365	)		(3,290	)		(1,144	)		—			(4,799	)
Equity in subsidiaries’ earnings, net		7,841			—			—			(7,841	)		—
Income from continuing operations		8,637			5,160			2,677			(7,841	)		8,633
Income from discontinued operations, net of taxes		—			—			4			—			4
Net income	$	8,637		$	5,160		$	2,681		$	(7,841	)	$	8,637

GAYLORD ENTERTAINMENT COMPANY AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

For the Three Months Ended June 30, 2010

							Non-
(in thousands)	Issuer			Guarantors			Guarantors			Eliminations			Consolidated
Revenues	$	1,682		$	183,872		$	—		$	(1,675	)	$	183,879
Operating expenses:
Operating costs		—			104,746			—			—			104,746
Selling, general and administrative		4,366			31,922			—			—			36,288
Casualty loss		3,800			27,547			—			—			31,347
Preopening costs		—			6,240			—			—			6,240
Management fees		—			1,675			—			(1,675	)		—
Depreciation and amortization		1,171			24,780			—			—			25,951
Operating loss		(7,655	)		(13,038	)		—			—			(20,693	)
Interest expense, net of amounts capitalized		(20,789	)		(29,131	)		(155	)		29,595			(20,480	)
Interest income		24,143			5,015			3,723			(29,595	)		3,286
Income from unconsolidated companies		—			190			—			—			190
Net gain on extinguishment of debt		100			—			—			—			100
Other gains and (losses), net		1			(148	)		—			—			(147	)
(Loss) income before income taxes		(4,200	)		(37,112	)		3,568			—			(37,744	)
Benefit (provision) for income taxes		1,436			11,013			(752	)		—			11,697
Equity in subsidiaries’ losses, net		(19,956	)		—			—			19,956			—
(Loss) income from continuing operations		(22,720	)		(26,099	)		2,816			19,956			(26,047	)
Income from discontinued operations, net of taxes		—			34			3,293			—			3,327
Net (loss) income	$	(22,720	)	$	(26,065	)	$	6,109		$	19,956		$	(22,720	)

GAYLORD ENTERTAINMENT COMPANY AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

For the Six Months Ended June 30, 2011

							Non-
(in thousands)	Issuer			Guarantors			Guarantors			Eliminations			Consolidated
Revenues	$	2,936		$	457,529		$	—		$	(2,952	)	$	457,513
Operating expenses:
Operating costs		—			266,652			—			(28	)		266,624
Selling, general and administrative		8,342			77,784			—			—			86,126
Casualty loss		48			420			—			—			468
Preopening costs		—			41			—			—			41
Management fees		—			2,924			—			(2,924	)		—
Depreciation and amortization		2,029			56,299			—			—			58,328
Operating (loss) income		(7,483	)		53,409			—			—			45,926
Interest expense, net of amounts capitalized		(42,521	)		(60,526	)		(200	)		61,061			(42,186	)
Interest income		52,074			7,725			7,751			(61,061	)		6,489
Income from unconsolidated companies		—			325			—			—			325
Other gains and (losses), net		—			(50	)		—			—			(50	)
Income before income taxes		2,070			883			7,551			—			10,504
Provision for income taxes		(840	)		(399	)		(2,593	)		—			(3,832	)
Equity in subsidiaries’ earnings, net		5,450			—			—			(5,450	)		—
Income from continuing operations		6,680			484			4,958			(5,450	)		6,672
Income (loss) from discontinued operations, net of taxes		—			22			(14	)		—			8
Net income	$	6,680		$	506		$	4,944		$	(5,450	)	$	6,680

GAYLORD ENTERTAINMENT COMPANY AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

For the Six Months Ended June 30, 2010

							Non-
(in thousands)	Issuer			Guarantors			Guarantors			Eliminations			Consolidated
Revenues	$	3,274		$	398,395		$	—		$	(3,309	)	$	398,360
Operating expenses:
Operating costs		—			235,311			—			(10	)		235,301
Selling, general and administrative		9,700			68,527			—			(37	)		78,190
Casualty loss		3,800			27,547			—			—			31,347
Preopening costs		—			6,240			—			—			6,240
Management fees		—			3,262			—			(3,262	)		—
Depreciation and amortization		2,455			50,567			—			—			53,022
Operating (loss) income		(12,681	)		6,941			—			—			(5,740	)
Interest expense, net of amounts capitalized		(41,254	)		(58,070	)		(155	)		58,884			(40,595	)
Interest income		48,211			9,823			7,358			(58,884	)		6,508
Income from unconsolidated companies		—			117			—			—			117
Net gain on extinguishment of debt		1,299			—			—			—			1,299
Other gains and (losses), net		4			(164	)		—			—			(160	)
(Loss) income before income taxes		(4,421	)		(41,353	)		7,203			—			(38,571	)
Benefit (provision) for income taxes		780			12,485			(2,543	)		—			10,722
Equity in subsidiaries’ losses, net		(20,929	)		—			—			20,929			—
(Loss) income from continuing operations		(24,570	)		(28,868	)		4,660			20,929			(27,849	)
Income from discontinued operations, net of taxes		—			34			3,245			—			3,279
Net (loss) income	$	(24,570	)	$	(28,834	)	$	7,905		$	20,929		$	(24,570	)

Condensed Consolidated Balance Sheets

							Non-
(in thousands)	Issuer			Guarantors			Guarantors			Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents — unrestricted	$	107,310		$	4,053		$	—		$	—		$	111,363
Cash and cash equivalents — restricted		1,150			—			—			—			1,150
Trade receivables, net		—			48,977			—			—			48,977
Deferred income taxes		168			5,086			680			—			5,934
Other current assets		4,111			43,609			—			(126	)		47,594
Intercompany receivables, net		1,768,661			—			294,444			(2,063,105	)		—
Total current assets		1,881,400			101,725			295,124			(2,063,231	)		215,018
Property and equipment, net of accumulated depreciation		39,623			2,157,453			—			—			2,197,076
Notes receivable, net of current portion		—			143,773			—			—			143,773
Long-term deferred financing costs		10,007			—			—			—			10,007
Other long-term assets		661,272			359,897			—			(971,389	)		49,780
Long-term assets of discontinued operations		—			—			408			—			408
Total assets	$	2,592,302		$	2,762,848		$	295,532		$	(3,034,620	)	$	2,616,062
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—		$	190		$	—		$	—		$	190
Accounts payable and accrued liabilities		12,468			133,063			—			(421	)		145,110
Estimated fair value of derivative liabilities		1,749			—			—			—			1,749
Intercompany payables, net		—			1,976,326			86,779			(2,063,105	)		—
Current liabilities of discontinued operations		—			—			327			—			327
Total current liabilities		14,217			2,109,579			87,106			(2,063,526	)		147,376
Long-term debt and capital lease obligations, net of current portion		1,164,947			209			—			—			1,165,156
Deferred income taxes		(21,559	)		132,026			(229	)		—			110,238
Other long-term liabilities		58,152			82,843			—			295			141,290
Long-term liabilities of discontinued operations		—			—			451			—			451
Commitments and contingencies
Stockholders’ equity:
Preferred stock		—			—			—			—			—
Common stock		484			2,388			1			(2,389	)		484
Additional paid-in capital		924,553			1,081,063			(40,127	)		(1,040,936	)		924,553
Treasury stock		(4,599	)		—			—			—			(4,599	)
Retained earnings		477,274			(645,260	)		248,330			71,936			152,280
Other stockholders’ equity		(21,167	)		—			—			—			(21,167	)
Total stockholders’ equity		1,376,545			438,191			208,204			(971,389	)		1,051,551
Total liabilities and stockholders’ equity	$	2,592,302		$	2,762,848		$	295,532		$	(3,034,620	)	$	2,616,062

GAYLORD ENTERTAINMENT COMPANY AND SUBSIDIARIES

Condensed Consolidating Balance Sheet

December 31, 2010

							Non-
(in thousands)	Issuer			Guarantors			Guarantors			Eliminations			Consolidated
ASSETS:
Current assets:
Cash and cash equivalents — unrestricted	$	117,913		$	6,485		$	—		$	—		$	124,398
Cash and cash equivalents — restricted		1,150			—			—			—			1,150
Trade receivables, net		—			31,793			—			—			31,793
Estimated fair value of derivative assets		22			—			—			—			22
Deferred income taxes		67			5,748			680			—			6,495
Other current assets		3,364			45,754			—			(126	)		48,992
Intercompany receivables, net		1,744,290			—			287,087			(2,031,377	)		—
Total current assets		1,866,806			89,780			287,767			(2,031,503	)		212,850
Property and equipment, net of accumulated depreciation		38,686			2,162,759			—			—			2,201,445
Notes receivable, net of current portion		—			142,651			—			—			142,651
Long-term deferred financing costs		12,521			—			—			—			12,521
Other long-term assets		654,722			362,282			—			(965,939	)		51,065
Long-term assets of discontinued operations		—			—			401			—			401
Total assets	$	2,572,735		$	2,757,472		$	288,168		$	(2,997,442	)	$	2,620,933
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	58,396		$	178		$	—		$	—		$	58,574
Accounts payable and accrued liabilities		14,622			161,142			—			(421	)		175,343
Estimated fair value of derivative liabilities		12,475			—			—			—			12,475
Intercompany payables, net		—			1,947,054			84,323			(2,031,377	)		—
Current liabilities of discontinued operations		—			—			357			—			357
Total current liabilities		85,493			2,108,374			84,680			(2,031,798	)		246,749
Long-term debt and capital lease obligations, net of current portion		1,100,335			306			—			—			1,100,641
Deferred income taxes		(26,398	)		127,768			(230	)		—			101,140
Other long-term liabilities		58,559			83,346			—			295			142,200
Long-term liabilities of discontinued operations		—			—			451			—			451
Commitments and contingencies
Stockholders’ equity:
Preferred stock		—			—			—			—			—
Common stock		481			2,388			1			(2,389	)		481
Additional paid-in capital		916,359			1,081,056			(40,120	)		(1,040,936	)		916,359
Treasury stock		(4,599	)		—			—			—			(4,599	)
Retained earnings		470,594			(645,766	)		243,386			77,386			145,600
Accumulated other comprehensive loss		(28,089	)		—			—			—			(28,089	)
Total stockholders’ equity		1,354,746			437,678			203,267			(965,939	)		1,029,752
Total liabilities and stockholders’ equity	$	2,572,735		$	2,757,472		$	288,168		$	(2,997,442	)	$	2,620,933

Condensed Consolidating Statement of Cash Flows

							Non-
(in thousands)	Issuer			Guarantors			Guarantors			Eliminations		Consolidated
Net cash (used in) provided by continuing operating activities	$	(12,553	)	$	52,137		$	66		$	—	$	39,650
Net cash provided by (used in) discontinued operating activities		—			38			(66	)		—		(28	)
Net cash (used in) provided by operating activities		(12,553	)		52,175			—			—		39,622
Purchases of property and equipment		(2,247	)		(59,166	)		—			—		(61,413	)
Collection of notes receivable		—			2,465			—			—		2,465
Other investing activities		4			2,179			—			—		2,183
Net cash used in investing activities — continuing operations		(2,243	)		(54,522	)		—			—		(56,765	)
Net cash used investing activities — discontinued operations		—			—			—			—		—
Net cash used in investing activities		(2,243	)		(54,522	)		—			—		(56,765	)
Proceeds from exercise of stock option and purchase plans		4,193			—			—			—		4,193
Other financing activities, net		—			(85	)		—			—		(85	)
Net cash provided by (used in) financing activities — continuing operations		4,193			(85	)		—			—		4,108
Net cash provided by financing activities — discontinued operations		—			—			—			—		—
Net cash provided by (used in) financing activities		4,193			(85	)		—			—		4,108
Net change in cash and cash equivalents		(10,603	)		(2,432	)		—			—		(13,035	)
Cash and cash equivalents at beginning of period		117,913			6,485			—			—		124,398
Cash and cash equivalents at end of period	$	107,310		$	4,053		$	—		$	—	$	111,363

GAYLORD ENTERTAINMENT COMPANY AND SUBSIDIARIES

Condensed Consolidating Statement of Cash Flows

For the Six Months Ended June 30, 2010

							Non-
(in thousands)	Issuer			Guarantors			Guarantors			Eliminations		Consolidated
Net cash provided by continuing operating activities	$	26,351		$	19,143		$	738		$	—	$	46,232
Net cash provided by discontinued operating activities		—			45			684			—		729
Net cash provided by operating activities		26,351			19,188			1,422			—		46,961
Purchases of property and equipment		(1,540	)		(18,315	)		—			—		(19,855	)
Collection of notes receivable		—			4,021			—			—		4,021
Other investing activities		—			130			—			—		130
Net cash used in investing activities — continuing operations		(1,540	)		(14,164	)		—			—		(15,704	)
Net cash used investing activities — discontinued operations		—			—			(1,422	)		—		(1,422	)
Net cash used in investing activities		(1,540	)		(14,164	)		(1,422	)		—		(17,126	)
Repurchases of senior notes		(26,965	)		—			—			—		(26,965	)
Proceeds from exercise of stock option and purchase plans		1,675			—			—			—		1,675
Other financing activities, net		—			(1,272	)		—			—		(1,272	)
Net cash used in financing activities — continuing operations		(25,290	)		(1,272	)		—			—		(26,562	)
Net cash provided by financing activities — discontinued operations		—			—			—			—		—
Net cash used in financing activities		(25,290	)		(1,272	)		—			—		(26,562	)
Net change in cash and cash equivalents		(479	)		3,752			—			—		3,273
Cash and cash equivalents at beginning of period		175,871			4,158			—			—		180,029
Cash and cash equivalents at end of period	$	175,392		$	7,910		$	—		$	—	$	183,302