0001104659-21-132569.txt : 20211102 0001104659-21-132569.hdr.sgml : 20211102 20211102060202 ACCESSION NUMBER: 0001104659-21-132569 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20211101 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20211102 DATE AS OF CHANGE: 20211102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ryman Hospitality Properties, Inc. CENTRAL INDEX KEY: 0001040829 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 730664379 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13079 FILM NUMBER: 211369126 BUSINESS ADDRESS: STREET 1: ONE GAYLORD DR CITY: NASHVILLE STATE: TN ZIP: 37214 BUSINESS PHONE: 6153166000 MAIL ADDRESS: STREET 1: ONE GAYLORD DRIVE CITY: NASHVILLE STATE: TN ZIP: 37214 FORMER COMPANY: FORMER CONFORMED NAME: GAYLORD ENTERTAINMENT CO /DE DATE OF NAME CHANGE: 19971002 FORMER COMPANY: FORMER CONFORMED NAME: NEW GAYLORD ENTERTAINMENT CO DATE OF NAME CHANGE: 19970611 8-K 1 tm2131031d2_8k.htm FORM 8-K
0001040829 false 0001040829 2021-11-01 2021-11-01 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 2, 2021 (November 1, 2021)

 

 

 

RYMAN HOSPITALITY PROPERTIES, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-13079   73-0664379

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

One Gaylord Drive
Nashville, Tennessee

37214
(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (615316-6000

 

(Former name or former address, if changed since last report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

  Securities registered pursuant to Section 12(b) of the Act:

  

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on
Which Registered
Common Stock, par value $.01   RHP   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

 

Emerging growth company  ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

 

 

 

 

 

ITEM 2.02.RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

 

On November 1, 2021, Ryman Hospitality Properties, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2021. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference. The Company will hold a conference call to discuss its financial results for the quarter ended September 30, 2021 at 10:00 a.m. Eastern Time on Tuesday, November 2, 2021.

 

ITEM 9.01.FINANCIAL STATEMENTS AND EXHIBITS.

 

  (d) Exhibits
     
  99.1 Press Release of Ryman Hospitality Properties, Inc. dated November 1, 2021.
     
  104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

  RYMAN HOSPITALITY PROPERTIES, INC.
   
Date: November 2, 2021 By: /s/ Scott J. Lynn 
  Name: Scott J. Lynn 
  Title: Executive Vice President, General Counsel and Secretary

 

 

 

EX-99.1 2 tm2131031d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

 

Ryman Hospitality Properties, Inc. Reports Third Quarter 2021 Results

 

NASHVILLE, Tenn. (November 1, 2021) – Ryman Hospitality Properties, Inc. (NYSE: RHP), a lodging real estate investment trust (“REIT”) specializing in group-oriented, destination hotel assets in urban and resort markets, today reported financial results for the third quarter ended September 30, 2021.

 

Third Quarter 2021 Highlights and Recent Developments:

 

·Compared to second quarter 2021, Net Loss in the third quarter improved sequentially to $(8.6) million from $(63.0) million on 79.6% revenue growth.
   
·Consolidated Adjusted EBITDAre for the third quarter was $86.0 million, and consolidated Adjusted EBITDAre margin was 28.0%, driven by strength in group occupancy coupled with strong rate performance.
   
·Despite the Delta-related impact, the Company generated positive cash flow1 (as defined) for the quarter, near the top of our expectations.
   
·Funds From Operations Available to Common Shareholders and Unit Holders increased sequentially from second quarter 2021 of $(6.8) million to approximately $47.5 million, and Adjusted Funds From Operations Available to Common Shareholders and Unit Holders improved from second quarter 2021 of $(1.6) million to over $52.1 million for the third quarter 2021.
   
·Continued strong rate performance as ADR across our five Gaylord hotels reached almost $217 per night in the quarter, an increase of 15% compared to ADR in the third quarter of 2019.
   
·Subsequent to quarter’s end, the Company announced its intention to acquire Block 21, a mixed-use complex in the heart of downtown Austin and home of the iconic Moody Theater; closing expected near the end of the fourth quarter of 2021.

 

Colin Reed, Chairman and Chief Executive Officer of Ryman Hospitality Properties, said, “I’m especially pleased with our performance this quarter, which demonstrated the continued strength and resilience of our business as we move closer to a post-pandemic environment and the realization of the full potential of the capital investments we have made over the past several years. While we were impacted in the third quarter by Delta-related cancellations, our hotels serviced over 307,000 group room nights, which is more than double the total number delivered in all of the first half of 2021. Leisure demand remained strong throughout the quarter, and we delivered Adjusted EBITDAre margins across our hotels that approached levels achieved in the third quarter of 2019 despite revenue and occupancy rates ranging between 70-80% of these prior period levels. I am pleased that our businesses delivered a solid third quarter in terms of Adjusted EBITDAre, generating meaningful positive cash flow. With Delta’s recent retreat over the past few weeks, we anticipate our core group business to rebound as we look to 2022. We also believe the strong leisure demand we have experienced throughout the year will continue into the fourth quarter as we ramp up our seasonal holiday offerings.

 

Revenue and Adjusted EBITDAre results in our Entertainment segment also approached levels seen in the third quarter of 2019 as more people returned to their pre-pandemic enthusiasm for live entertainment experiences. With our core businesses on the rebound, we remained focused on future growth opportunities for this segment in the third quarter. Subsequent to the end of the quarter, we announced an agreement to acquire Block 21 in Austin, Texas, with an anticipated closing near the end of the fourth quarter of 2021. This transaction will expand the geographic reach of our entertainment portfolio and will allow us to form new relationships with music lovers through a one-of-a-kind entertainment asset in the heart of one of the most exciting music cities in the country.”

 

 

1 We define monthly cash burn/cash flow as Adjusted EBITDAre less cash interest expense and debt service. For third quarter 2021, consolidated Adjusted EBITDAre was $86.0 million, cash interest expense was $30.3 million, and debt service was $1.3 million. For a reconciliation of the non-GAAP financial measure Adjusted EBITDAre to Net Income/(Loss), see “Supplemental Financial Results” below.

 

 

 

 

Third Quarter 2021 Results (As Compared to Third Quarter 2020):

 

Consolidated Results

($ in thousands, except per share amounts)

                        
  Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2021   2020   % ∆   2021   2020   % ∆ 
Total Revenue  $306,906   $70,249    336.9%  $561,942   $397,960    41.2%
                               
Operating income (loss)(1)  $25,695   $(103,166)   124.9%  $(84,809)  $(239,151)   64.5%
Operating income (loss) margin   8.4%   -146.9%   155.3pt   -15.1%   -60.1%   45.0pt
                               
Net loss available to common shareholders (1) (2) (3)  $(8,546)  $(117,659)   92.7%  $(170,986)  $(337,667)   49.4%
Net loss available to common shareholders margin   -2.8%   -167.5%   164.7pt   -30.4%   -84.8%   54.4pt
Net loss available to common shareholders per diluted share  $(0.16)  $(2.14)   92.5%  $(3.11)  $(6.14)   49.3%
                               
Adjusted EBITDAre   $85,992   $(35,280)   343.7%  $91,698   $(33,646)   372.5%
Adjusted EBITDAre margin    28.0%   -50.2%   78.2pt   16.3%   -8.5%   24.8pt
Adjusted EBITDAre, excluding noncontrolling interest in consolidated joint venture  $85,992   $(34,790)   347.2%  $92,715   $(38,734)   339.4%
Adjusted EBITDAre, excluding noncontrolling interest in consolidated joint venture margin    28.0%   -49.5%   77.5pt   16.5%   -9.7%   26.2pt
                               
Funds From Operations (FFO) available to common shareholders and unit holders (1) (2) (3)  $47,467   $(72,303)   165.7%  $(19,323)  $(202,156)   90.4%
FFO available to common shareholders and unit holders per diluted share/unit  $0.86   $(1.31)   165.6%  $(0.35)  $(3.68)   90.5%
                               
Adjusted FFO available to common shareholders and unit holders  $52,113   $(60,284)   186.4%  $(39)  $(118,556)   100.0%
Adjusted FFO available to common shareholders and unit holders per diluted share/unit  $0.94   $(1.09)   186.2%  $(0.00)  $(2.16)   100.0%

 

(1) For the three and nine months ended September 30, 2020, includes approximately $7.8 million and $32.8 million, respectively, in credit losses on held-to-maturity securities.

(2) For the nine months ended September 30, 2020, includes $26.7 million for income tax valuation allowances.

(3) For the nine months ended September 30, 2020, includes $15.0 million of expense related to the forfeiture of the earnest money deposit associated with the previously terminated potential acquisition of Block 21.

 

Note: For the Company’s definitions of Adjusted EBITDAre, Adjusted EBITDAre margin, Adjusted EBITDAre, excluding noncontrolling interest in consolidated joint venture, Adjusted EBITDAre, excluding noncontrolling interest in consolidated joint venture margin, FFO available to common shareholders and unit holders, and Adjusted FFO available to common shareholders and unit holders, as well as a reconciliation of the non-GAAP financial measure Adjusted EBITDAre to Net Income/(Loss) and a reconciliation of the non-GAAP financial measure Adjusted FFO available to common shareholders and unit holders to Net Income/(Loss), see “Non-GAAP Financial Measures,” “EBITDAre, Adjusted EBITDAre and Adjusted EBITDAre, Excluding Noncontrolling Interest in Consolidated Joint Ventures Definition,” “Adjusted EBITDAre, Excluding Noncontrolling Interest in Consolidated Joint Venture Margin Definition” “FFO, Adjusted FFO, and Adjusted FFO available to common shareholders and unit holders Definition” and “Supplemental Financial Results” below.

 

2

 

 

Hospitality Segment

($ in thousands, except ADR, RevPAR, and Total RevPAR)

                         
   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2021   2020   % ∆   2021   2020   % ∆ 
Hospitality Revenue (1)  $257,853   $57,978    344.7%  $463,343   $353,954    30.9%
                               
Hospitality Operating income (loss) (1) (2) (5)  $24,600   $(86,212)   128.5%  $(66,260)  $(186,401)   64.5%
Hospitality Operating income/(loss) margin (1) (2) (5)   9.5%   -148.7%   158.2pt   -14.3%   -52.7%   38.4pt
Hospitality Adjusted EBITDAre (1) (5)  $79,226   $(23,565)   436.2%  $93,305   $4,910    1800.3%
Hospitality Adjusted EBITDAre margin (1) (5)   30.7%   -40.6%   71.3pt   20.1%   1.4%   18.7pt
                               
Hospitality Performance Metrics (1) (3)                              
Occupancy   54.5%   14.6%   39.9pt   34.9%   24.4%   10.5pt
Average Daily Rate (ADR)  $216.79   $180.89    19.8%  $208.02   $197.38    5.4%
RevPAR  $118.17   $26.33    348.8%  $72.65   $48.16    50.9%
Total RevPAR  $269.19   $62.33    331.9%  $165.51   $127.77    29.5%
                               
Gross Definite Rooms Nights Booked   410,793    668,803    -38.6%   1,511,432    1,690,783    -10.6%
Net Definite Rooms Nights Booked   134,717    (70,572)   290.9%   472,548    (692,844)   168.2%
Group Attrition (as % of contracted block)   30.1%   61.4%   -31.3pt   28.7%   39.8%   -11.1pt
Cancellations ITYFTY (4)   126,608    300,867    -57.9%   543,592    1,519,432    -64.2%

 

(1) Gaylord National closed on March 25, 2020 and remained closed until July 1, 2021.
(2) For the three and nine months ended September 30, 2020, includes approximately $7.8 million and $32.8 million, respectively, in credit losses on held-to-maturity securities.
(3) Calculation of hospitality performance metrics includes closed hotel room nights available; includes 302 expansion rooms completed at the Gaylord Palms in second quarter 2021. ADR is for occupied rooms.
(4) "ITYFTY" represents In The Year For The Year.
(5) For the three and nine months ended September 30, 2021, includes approximately $0.3 million in expense and $2.7 million in credits, respectively, which are net of $0.1 million and $3.9 million of payroll tax credits afforded under the 2020 Coronavirus Aid, Relief, and Economic Security Act (the "CARES" Act). For the three and nine months ended September 30, 2020, includes approximately $14.4 million and $34.9 million, respectively, in COVID-19 related costs.

 

Note: For the Company’s definitions of Revenue Per Available Room (RevPAR) and Total Revenue Per Available Room (Total RevPAR), see “Calculation of RevPAR, Total RevPAR, and Occupancy” below. Property-level results and operating metrics for third quarter 2021 are presented in greater detail below and under “Supplemental Financial Results—Hospitality Segment Adjusted EBITDAre Reconciliations and Operating Metrics,” which includes a reconciliation of the non-GAAP financial measures Hospitality Adjusted EBITDAre to Hospitality Operating Income/(Loss), and property-level Adjusted EBITDAre to property-level Operating Income/(Loss) for each of the hotel properties.

 

Hospitality Segment Highlights

 

·Occupancy was 54.5% in the third quarter of 2021, with peak occupancy for the quarter in July reaching 63.4% and 67.9%, excluding Gaylord National, which reopened in July 2021.
·Gaylord Texan led the brand in occupancy, generating 66.9% occupancy in the third quarter of 2021.
·Gaylord Rockies achieved 61.9% occupancy for the quarter, aided by solid demand across numerous weekends in the quarter when occupancy levels ran between 80-90%.
·Serviced approximately 307,000 group room nights in the third quarter of 2021.
·Achieved record ADR of approximately $217 in the quarter, a 15% increase over ADR achieved in the third quarter of 2019.
·Collected approximately $10.2 million in attrition and cancellation fees in third quarter 2021, with a year-to-date total of $27.9 million, eclipsing the total annual fees collected during the great financial crisis of 2009.

 

3

 

 

 

Gaylord Opryland

 

($ in thousands, except ADR, RevPAR, and Total RevPAR)                       

 

   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2021   2020   % ∆   2021   2020   % ∆ 
Revenue  $75,483   $17,514    331.0%  $142,244   $94,961    49.8%
Operating income (loss)  $19,514   $(15,403)   226.7%  $10,965   $(24,402)   144.9%
Operating income (loss) margin   25.9%   -87.9%   113.8pt   7.7%   -25.7%   33.4pt
Adjusted EBITDAre  $28,021   $(6,632)   522.5%  $36,294   $684    5206.1%
Adjusted EBITDAre margin    37.1%   -37.9%   75.0pt   25.5%   0.7%   24.8pt
                               
Occupancy (1)   56.3%   13.8%   42.5pt   38.4%   25.0%   13.4pt
Average daily rate (ADR)  $232.49   $193.58    20.1%  $223.24   $194.10    15.0%
RevPAR (1)  $130.85   $26.76    389.0%  $85.71   $48.51    76.7%
Total RevPAR (1)  $284.10   $65.92    331.0%  $180.42   $120.00    50.4%

 

(1) Calculation of hospitality performance metrics includes closed hotel room nights available.            

 

Gaylord Palms

 

($ in thousands, except ADR, RevPAR, and Total RevPAR)

                                

   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2021   2020   % ∆   2021   2020   % ∆ 
Revenue  $34,476   $7,658    350.2%  $82,295   $53,847    52.8%
Operating loss  $(877)  $(12,394)   92.9%  $(4,514)  $(19,123)   76.4%
Operating loss margin   -2.5%   -161.8%   159.3pt   -5.5%   -35.5%   30.0pt
Adjusted EBITDAre  $6,192   $(7,138)   186.7%  $14,800   $(3,020)   590.1%
Adjusted EBITDAre margin    18.0%   -93.2%   111.2pt   18.0%   -5.6%   23.6pt
                               
Occupancy (1)   44.7%   14.7%   30.0pt   41.1%   26.0%   15.1pt
Average daily rate (ADR)  $201.18   $168.83    19.2%  $198.85   $206.72    -3.8%
RevPAR (1)  $89.99   $24.76    263.4%  $81.71   $53.67    52.2%
Total RevPAR (1)  $218.13   $58.79    271.0%  $193.15   $138.79    39.2%

 

(1) Calculation of hospitality performance metrics includes closed hotel room nights available; includes 302 expansion rooms completed.

      beginning in April 2021.       

 

4

 

  

Gaylord Texan

 

($ in thousands, except ADR, RevPAR, and Total RevPAR)

                           

 

   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2021   2020   % ∆   2021   2020   % ∆ 
Revenue  $56,041   $19,651    185.2%  $108,468   $81,119    33.7%
Operating income (loss)  $12,640   $(5,981)   311.3%  $11,137   $(4,699)   337.0%
Operating income (loss) margin   22.6%   -30.4%   53.0pt   10.3%   -5.8%   16.1pt
Adjusted EBITDAre  $18,786   $346    5329.5%  $29,706   $14,485    105.1%
Adjusted EBITDAre margin    33.5%   1.8%   31.7pt   27.4%   17.9%   9.5pt
                               
Occupancy (1)   66.9%   27.3%   39.6pt   44.6%   29.5%   15.1pt
Average daily rate (ADR)  $215.42   $190.80    12.9%  $207.21   $199.31    4.0%
RevPAR (1)  $144.08   $52.09    176.6%  $92.35   $58.82    57.0%
Total RevPAR (1)  $335.80   $117.75    185.2%  $219.03   $163.21    34.2%

 

(1) Calculation of hospitality performance metrics includes closed hotel room nights available.

                         

Gaylord National

 

($ in thousands, except ADR, RevPAR, and Total RevPAR)                          

 

   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2021   2020   % ∆   2021   2020   % ∆ 
Revenue (1)  $36,008   $133    26973.7%  $39,576   $50,056    -20.9%
Operating loss  $(8,534)  $(26,814)   68.2%  $(38,108)  $(79,798)   52.2%
Operating loss margin   -23.7%   -20160.9%   20,137.2pt   -96.3%   -159.4%   63.1pt
Adjusted EBITDAre  $1,061   $(7,787)   113.6%  $(11,749)  $(18,734)   37.3%
Adjusted EBITDAre margin    2.9%   -5854.9%   5,857.8pt   -29.7%   -37.4%   7.7pt
                               
Occupancy (2)   44.1%   0.0%   44.1pt   14.9%   17.2%   -2.3pt
Average daily rate (ADR)  $209.77   $0.00    NA   $209.77   $207.13    1.3%
RevPAR (2)  $92.52   $0.00    NA   $31.18   $35.71    -12.7%
Total RevPAR (2)  $196.09   $0.73    26761.6%  $72.63   $91.53    -20.6%

 

(1) Revenue for the three months ended September 30, 2020 consisted primarily of attrition and cancellation fees.

(2) Calculation of hospitality performance metrics includes closed hotel room nights available.              

 

5

 

 

Gaylord Rockies

 

($ in thousands, except ADR, RevPAR, and Total RevPAR)

 

   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2021   2020   % ∆   2021   2020   % ∆ 
Revenue  $51,209   $11,931    329.2%  $81,517   $68,335    19.3%
Operating income (loss) (1)  $1,595   $(23,846)   106.7%  $(43,700)  $(53,854)   18.9%
Operating income (loss) margin   3.1%   -199.9%   203.0pt   -53.6%   -78.8%   25.2pt
Adjusted EBITDAre (1)  $24,265   $(1,230)   2072.8%  $24,278   $14,043    72.9%
Adjusted EBITDAre margin    47.4%   -10.3%   57.7pt   29.8%   20.6%   9.2pt
                               
Occupancy (2)   61.9%   19.3%   42.6pt   35.2%   25.8%   9.4pt
Average daily rate (ADR)  $224.67   $169.43    32.6%  $210.54   $196.84    7.0%
RevPAR (2)  $139.10   $32.78    324.3%  $74.05   $50.83    45.7%
Total RevPAR (2)  $370.84   $86.39    329.3%  $198.93   $166.15    19.7%

 

(1)Operating loss and Adjusted EBITDAre for Gaylord Rockies for the nine months ended September 30, 2021 exclude forgiven asset management fees previously owed to RHP of $0.3 million. Operating Loss and Adjusted EBITDAre for Gaylord Rockies for the three and nine months ended September 30, 2020 exclude asset management fees owed to RHP of $0.1 and $0.7 million, respectively.

 

(2)Calculation of hospitality performance metrics includes closed hotel room nights available.

 

Entertainment Segment

 

For the three and nine months ended September 30, 2021, and 2020, the Company reported the following:

 

  Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
($ in thousands)  2021   2020   % ∆   2021   2020   % ∆ 
Revenue  $49,053   $12,271    299.7%  $98,599   $44,006    124.1%
Operating income (loss)(1)  $12,078   $(9,074)   233.1%  $10,071   $(27,984)   136.0%
Operating income (loss) margin   24.6%   -73.9%   98.5pt   10.2%   -63.6%   73.8pt
Adjusted EBITDAre(1)  $14,079   $(6,463)   317.8%  $16,908   $(20,085)   184.2%
Adjusted EBITDAre margin   28.7%   -52.7%   81.4pt   17.1%   -45.6%   62.7pt

 

(1)Total COVID-19 related costs were approximately $0.5 million and $4.6 million during the three and nine months ended September 30, 2020, respectively, and consisted primarily of wages and benefits costs for furloughed employees.

 

Reed continued, “Our expansion of the Ole Red brand continued this quarter as we moved forward with plans for a location in the Nashville International Airport. This location will act as a marketing opportunity for this growing brand as we continue to create high-quality music-focused touchpoints with country consumers.”

 

6

 

 

Corporate and Other Segment

 

For the three and nine months ended September 30, 2021, and 2020, the Company reported the following: 

 

   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
($ in thousands)  2021   2020   % ∆   2021   2020   % ∆ 
Operating loss(1)  $(10,983)  $(7,880)   -39.4%  $(28,620)  $(24,766)   -15.6%
Adjusted EBITDAre(1)  $(7,313)  $(5,252)   -39.2%  $(18,515)  $(18,471)   -0.2%

 

(1)Total COVID-19 related costs were approximately $0.1 million and $0.6 million during the three and nine months ended September 30, 2020, respectively, and consisted primarily of wages and benefits costs for furloughed employees.

 

Reed concluded, “As we move toward the end of what has been a challenging but nonetheless encouraging year, we are firmly focused on the future. Our continued focus on organic and acquisitive growth across our portfolio has put us in a strong position to realize substantial upside in the post-pandemic era. I want to again express my tremendous gratitude for, and pride in, the efforts our employees continue to make every day across our operating businesses. More than ever, I am excited today about the long-term opportunities for our business, and I remain confident in our team, our business model, and the long-term strength of our Company.”

 

Dividend Update

 

The Company suspended its regular quarterly dividend payments following the payment of the first quarter 2020 dividend payment, which was made in April 2020. The Board has not reinstituted the dividend.

 

Balance Sheet/Liquidity Update

 

As of September 30, 2021, the Company had total debt outstanding of $2,926.0 million, net of unamortized deferred financing costs, and unrestricted cash of $53.2 million. As of September 30, 2021, $180.0 million was drawn under the revolving credit line of the Company’s credit facility, and the lending banks had issued $0.3 million in letters of credit, which left $519.7 million of availability for borrowing under the credit facility.

 

On May 27, 2021, the Company entered into an at-the-market (ATM) equity distribution agreement that allows the Company to issue and sell up to 4 million shares of stock through sales agents. No shares were issued under the ATM agreement during the three and nine months ended September 30, 2021.

 

7

 

 

Subsequent Events

 

On October 26, 2021 the Company announced that it had reached an agreement with Stratus Properties Inc. (NASDAQ: STRS) to acquire Block 21, a mixed-use complex in downtown Austin, Texas, for a total purchase price of approximately $260.0 million, which includes the assumption of approximately $138.0 million of existing mortgage debt. In addition, the Company will receive approximately $11 million of existing cash reserves attributable to the assets bringing the net investment to $249.0 million. The net investment represents approximately a 12.0x forward EBITDA multiple for 2023. In connection with this transaction, the Company also amended its credit agreement with its lenders to allow for the acquisition and the use of borrowings under its revolving credit line to fund the acquisition, so long as after such borrowings the balance of the revolving credit line is at or below $400 million. The acquisition is expected to close near the end of the fourth quarter of 2021, subject to customary closing conditions including, but not limited to, consent to the Company’s assumption of the existing mortgage loan by the loan servicer and consent of the property manager, an affiliate of Marriott, to the Company’s assignment and assumption of the existing management agreement.

 

Additional information regarding this acquisition is posted to Ryman’s investor relations website. Visit http://ir.rymanhp.com and click News & Events / Presentations & Transcripts.

 

Earnings Call Information

 

Ryman Hospitality Properties will hold a conference call to discuss this release tomorrow, November 2, 2021 at 10 a.m. ET. Investors can listen to the conference call over the Internet at www.rymanhp.com. To listen to the live call, please go to the Investor Relations section of the website (Investor Relations/Presentations, Earnings and Webcasts) at least 15 minutes prior to the call to register and download any necessary audio software. For those who cannot listen to the live broadcast, a replay will be available shortly after the call and will be available for at least 30 days.

 

About Ryman Hospitality Properties, Inc.

 

Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company’s core holdings, Gaylord Opryland Resort & Convention Center, Gaylord Palms Resort & Convention Center, Gaylord Texan Resort & Convention Center, Gaylord National Resort & Convention Center, and Gaylord Rockies Resort & Convention Center, are five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space. These convention center resorts operate under the Gaylord Hotels brand and are managed by Marriott International. The Company also owns two adjacent ancillary hotels and a small number of attractions managed by Marriott International for a combined total of 10,412 rooms and more than 2.7 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. The Company’s Entertainment segment includes a growing collection of iconic and emerging country music brands, including the Grand Ole Opry; Ryman Auditorium; WSM 650 AM; Ole Red and Circle, a country lifestyle media network the Company owns in a joint-venture with Gray Television. The Company operates its Entertainment segment as part of a taxable REIT subsidiary. Visit RymanHP.com for more information.

 

8

 

 

Cautionary Note Regarding Forward-Looking Statements

 

This press release contains statements as to the Company’s beliefs and expectations of the outcome of future events that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Examples of these statements include, but are not limited to, statements regarding the future performance of our business, the impact of COVID-19 on travel, transient and group demand, the effects of COVID-19 on our results of operations, rebooking efforts, our liquidity, monthly cash expenses and cash flow, recovery of group business to pre-pandemic levels, anticipated business levels and anticipated financial results for the Company during future periods, the pending acquisition of Block 21, the Company’s expectations for Block 21 upon the closing of the transaction, and other business or operational issues. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. These include the risks and uncertainties associated with the COVID-19 pandemic, including the effects of the COVID-19 pandemic on us and the hospitality and entertainment industries generally, the effects of the COVID-19 pandemic on the demand for travel, transient and group business (including government-imposed restrictions), levels of consumer confidence in the safety of travel and group gathering as a result of COVID-19, the duration and severity of the COVID-19 pandemic in the United States and the pace of recovery following the COVID-19 pandemic, the duration and severity of the COVID-19 pandemic in the markets where our assets are located, governmental restrictions on our businesses, economic conditions affecting the hospitality business generally, the geographic concentration of the Company’s hotel properties, business levels at the Company’s hotels, the Company’s ability to remain qualified as a REIT for federal income tax purposes, the Company’s ability to execute its strategic goals as a REIT, the Company’s ability to generate cash flows to support dividends, the suspension of our dividend and our dividend policy, including the frequency and amount of any dividend we may pay, the Company’s ability to borrow funds pursuant to its credit agreement, the occurrence of any event, change or other circumstance that could delay the closing of the Block 21 acquisition, or result in the termination of the agreement for the Block 21 acquisition, adverse effects on the Company’s common stock because of the failure to complete the Block 21 acquisition, and the Company’s ability to otherwise obtain cash to fund the Block 21 acquisition. Other factors that could cause operating and financial results to differ are described in the filings made from time to time by the Company with the U.S. Securities and Exchange Commission (SEC) and include the risk factors and other risks and uncertainties described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and its Quarterly Reports on Form 10-Q and subsequent filings. The Company does not undertake any obligation to release publicly any revisions to forward-looking statements made by it to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events.

 

Additional Information

 

This release should be read in conjunction with the consolidated financial statements and notes thereto included in our most recent annual report on Form 10-K. Copies of our reports are available on our website at no expense at www.rymanhp.com and through the SEC’s Electronic Data Gathering Analysis and Retrieval System (“EDGAR”) at www.sec.gov.

 

Calculation of RevPAR, Total RevPAR, and Occupancy

 

We calculate revenue per available room (“RevPAR”) for our hotels by dividing room revenue by room nights available to guests for the period. Room nights available to guests include nights the hotels are closed. We calculate total revenue per available room (“Total RevPAR”) for our hotels by dividing the sum of room revenue, food & beverage and other ancillary services revenue by room nights available to guests for the period. Rooms out of service for renovation are included in room nights available. For the three and nine months ended September 30, 2021 and 2020, the calculation of RevPAR and Total RevPAR in our tabular presentations has not been changed as a result of the COVID-19 pandemic and the resulting hotel closures and is consistent with prior periods. The closure of our Gaylord Hotel properties, including Gaylord National, which reopened July 1, 2021, and reopening under capacity restrictions has resulted in the significant decrease in performance reflected in these metrics for the three and nine months ended September 30, 2021. Occupancy figures reflect an additional 302 rooms available at Gaylord Palms beginning in April 2021.

 

9

 

 

Calculation of GAAP Margin Figures

 

We calculate Net Income available to common shareholders margin by dividing GAAP consolidated Net Income available to common shareholders by GAAP consolidated Total Revenue. We calculate consolidated, segment or property-level Operating Income Margin by dividing consolidated, segment or property-level GAAP Operating Income by consolidated, segment or property-level GAAP Revenue.

 

Non-GAAP Financial Measures

 

We present the following non-GAAP financial measures we believe are useful to investors as key measures of our operating performance:

 

EBITDAre, Adjusted EBITDAre and Adjusted EBITDAre, Excluding Noncontrolling Interest in Consolidated Joint Ventures Definition

 

We calculate EBITDAre, which is defined by the National Association of Real Estate Investment Trusts (“NAREIT”) in its September 2017 white paper as net income (calculated in accordance with GAAP) plus interest expense, income tax expense, depreciation and amortization, gains or losses on the disposition of depreciated property (including gains or losses on change in control), impairment write-downs of depreciated property and of investments in unconsolidated affiliates caused by a decrease in the value of depreciated property or the affiliate, and adjustments to reflect the entity’s share of EBITDAre of unconsolidated affiliates.

 

Adjusted EBITDAre is then calculated as EBITDAre, plus to the extent the following adjustments occurred during the periods presented:

 

·preopening costs;

 

·non-cash lease expense;

 

·equity-based compensation expense;

 

·impairment charges that do not meet the NAREIT definition above;

 

·credit losses on held-to-maturity securities;

 

·any transaction costs of acquisitions;

 

·interest income on bonds;

 

·loss on extinguishment of debt;

 

·pension settlement charges;

 

·pro rata Adjusted EBITDAre from unconsolidated joint ventures; and

 

·any other adjustments we have identified herein.

 

10

 

 

We then exclude noncontrolling interests in consolidated joint ventures to calculate Adjusted EBITDAre, Excluding Noncontrolling Interest in Consolidated Joint Venture.

 

We use EBITDAre, Adjusted EBITDAre and Adjusted EBITDAre, Excluding Noncontrolling Interest in Consolidated Joint Venture to evaluate our operating performance. We believe that the presentation of these non-GAAP metrics provides useful information to investors regarding our operating performance and debt leverage metrics, and that the presentation of these non-GAAP metrics, when combined with the primary GAAP presentation of net income, is beneficial to an investor’s complete understanding of our operating performance. We make additional adjustments to EBITDAre when evaluating our performance because we believe that presenting Adjusted EBITDAre and Adjusted EBITDAre, Excluding Noncontrolling Interest in Consolidated Joint Venture provides useful information to investors regarding our operating performance and debt leverage metrics.

 

Adjusted EBITDAre, Excluding Noncontrolling Interest in Consolidated Joint Venture Margin Definition

 

We calculate consolidated Adjusted EBITDAre, Excluding Noncontrolling Interest in Consolidated Joint Venture Margin by dividing consolidated Adjusted EBITDAre, Excluding Noncontrolling Interest in Consolidated Joint Venture by GAAP consolidated Total Revenue. We calculate consolidated, segment or property-level Adjusted EBITDAre Margin by dividing consolidated, segment-, or property-level Adjusted EBITDAre by consolidated, segment-, or property-level GAAP Revenue. We believe Adjusted EBITDAre, Excluding Noncontrolling Interest in Consolidated Joint Venture Margin is useful to investors in evaluating our operating performance because this non-GAAP financial measure helps investors evaluate and compare the results of our operations from period to period by presenting a ratio showing the quantitative relationship between Adjusted EBITDAre, Excluding Noncontrolling Interest in Consolidated Joint Venture and GAAP consolidated Total Revenue or segment or property-level GAAP Revenue, as applicable.

 

FFO, Adjusted FFO, and Adjusted FFO available to common shareholders and unit holders Definition

 

We calculate FFO, which definition is clarified by NAREIT in its December 2018 white paper as net income (calculated in accordance with GAAP) excluding depreciation and amortization (excluding amortization of deferred financing costs and debt discounts), gains and losses from the sale of certain real estate assets, gains and losses from a change in control, impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciated real estate held by the entity, income (loss) from consolidated joint ventures attributable to noncontrolling interest, and pro rata adjustments for unconsolidated joint ventures.

 

To calculate Adjusted FFO available to common shareholders and unit holders, we then exclude, to the extent the following adjustments occurred during the periods presented:

 

·right-of-use asset amortization;

 

·impairment charges that do not meet the NAREIT definition above;

 

·write-offs of deferred financing costs;

 

11

 

 

·amortization of debt discounts or premiums and amortization of deferred financing costs;

 

·(gains) losses on extinguishment of debt

 

·non-cash lease expense;

 

·credit loss on held-to-maturity securities;

 

·pension settlement charges;

 

·additional pro rata adjustments from unconsolidated joint ventures;

 

·(gains) losses on other assets;

 

·transaction costs on acquisitions;

 

·deferred income tax expense (benefit); and

 

·any other adjustments we have identified herein.

 

To calculate adjusted FFO available to common shareholders and unit holders (excluding maintenance capex), we then exclude FF&E reserve for managed properties and maintenance capital expenditures for non-managed properties. FFO available to common shareholders and unit holders and Adjusted FFO available to common shareholders and unit holders and Adjusted FFO available to common shareholders and unit holders (excluding maintenance capex) exclude the ownership portion of Gaylord Rockies joint venture not controlled or owned by the Company.

 

Beginning in the third quarter of 2020, we refer to unitholders in these measures, reflecting outstanding OP units issued to noncontrolling interests for the first time during third quarter 2020.

 

We believe that the presentation of these non-GAAP financial measures provides useful information to investors regarding the performance of our ongoing operations because each presents a measure of our operations without regard to specified non-cash items such as real estate depreciation and amortization, gain or loss on sale of assets and certain other items, which we believe are not indicative of the performance of our underlying hotel properties. We believe that these items are more representative of our asset base than our ongoing operations. We also use these non-GAAP financial measures as measures in determining our results after considering the impact of our capital structure.

 

We caution investors that non-GAAP financial measures we present may not be comparable to similar measures disclosed by other companies, because not all companies calculate these non-GAAP measures in the same manner. The non-GAAP financial measures we present, and any related per share measures, should not be considered as alternative measures of our Net Income (Loss), operating performance, cash flow or liquidity. These non-GAAP financial measures may include funds that may not be available for our discretionary use due to functional requirements to conserve funds for capital expenditures and property acquisitions and other commitments and uncertainties. Although we believe that these non-GAAP financial measures can enhance an investor’s understanding of our results of operations, these non-GAAP financial measures, when viewed individually, are not necessarily better indicators of any trend as compared to GAAP measures such as Net Income (Loss), Operating Income (Loss), or cash flow from operations.

 

12

 

 

Investor Relations Contacts: Media Contacts:
Mark Fioravanti, President & Chief Financial Officer Shannon Sullivan, Vice President Corporate and Brand Communications
Ryman Hospitality Properties, Inc. Ryman Hospitality Properties, Inc.
(615) 316-6588 (615) 316-6725
mfioravanti@rymanhp.com ssullivan@rymanhp.com
~or~ ~or~
Todd Siefert, Senior Vice President Corporate Finance & Treasurer Robert Winters
Ryman Hospitality Properties, Inc. Alpha IR Group
(615) 316-6344 (929) 266-6315
tsiefert@rymanhp.com robert.winters@alpha-ir.com

 

13

 

 

 

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Unaudited

(In thousands, except per share data)

 

    Three Months Ended     Nine Months Ended  
    Sept. 30     Sept. 30  
    2021    2020     2021     2020  
Revenues :                    
Rooms  $113,192   $24,487   $203,391   $133,417 
Food and beverage   105,803    16,217    169,597    163,477 
Other hotel revenue   38,858    17,274    90,355    57,060 
Entertainment   49,053    12,271    98,599    44,006 
    Total revenues   306,906    70,249    561,942    397,960 
                     
Operating expenses:                    
Rooms   30,802    10,280    55,318    47,060 
Food and beverage   65,205    19,233    118,282    114,935 
Other hotel expenses   80,203    56,961    196,125    192,480 
Management fees   4,907    516    7,809    5,445 
    Total hotel operating expenses   181,117    86,990    377,534    359,920 
Entertainment   33,467    17,343    77,797    60,146 
Corporate   10,416    7,299    26,922    22,693 
Preopening costs   118    96    734    1,597 
Gain on sale of assets   -    -    (317)   (1,261)
Credit loss on held-to-maturity securities   -    7,811    -    32,784 
Depreciation and amortization   56,093    53,876    164,081    161,232 
    Total operating expenses   281,211    173,415    646,751    637,111 
                     
Operating income (loss)   25,695    (103,166)   (84,809)   (239,151)
                     
Interest expense, net of amounts capitalized   (32,413)   (28,127)   (93,056)   (87,527)
Interest income   1,433    1,540    4,254    5,765 
Loss on extinguishment of debt   -    -    (2,949)   - 
Loss from consolidated joint ventures   (2,312)   (1,767)   (5,831)   (5,482)
Other gains and (losses), net   53    1,729    254    (14,831)
Loss before income taxes   (7,544)   (129,791)   (182,137)   (341,226)
                     
Provision for income taxes   (1,063)   (86)   (6,640)   (27,046)
Net loss   (8,607)   (129,877)   (188,777)   (368,272)
                     
Net loss attributable to noncontrolling interest in consolidated joint venture   -    11,893    16,501    30,280 
Net loss attributable to noncontrolling interest in Operating Partnership   61    325    1,290    325 
Net loss available to common shareholders  $(8,546)  $(117,659)  $(170,986)  $(337,667)
                     
Basic loss per share available to common shareholders  $(0.16)  $(2.14)  $(3.11)  $(6.14)
Diluted loss per share available to common shareholders  $(0.16)  $(2.14)  $(3.11)  $(6.14)
                     
Weighted average common shares for the period:                    
Basic   55,065    54,980    55,040    54,955 
Diluted   55,065    54,980    55,040    54,955 

 

14

 

  

  RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES  
  CONDENSED CONSOLIDATED BALANCE SHEETS  
  Unaudited  
  (In thousands)  

 

   Sept. 30   Dec. 31, 
   2021   2020 
ASSETS:          
 Property and equipment, net of accumulated depreciation  $3,066,335   $3,117,247 
 Cash and cash equivalents - unrestricted   53,155    56,697 
 Cash and cash equivalents - restricted   25,348    23,057 
 Notes receivable   69,788    71,923 
 Trade receivables, net   73,036    20,106 
 Prepaid expenses and other assets   113,308    100,494 
 Intangible assets   136,850    166,971 
 Total assets  $3,537,820   $3,556,495 

 

LIABILITIES AND EQUITY:          
 Debt and finance lease obligations  $2,925,968   $2,658,008 
 Accounts payable and accrued liabilities   271,060    203,121 
 Dividends payable   323    843 
 Deferred management rights proceeds   171,393    172,724 
 Operating lease liabilities   110,573    107,569 
 Deferred income tax liabilities, net   6,656    665 
 Other liabilities   78,939    92,779 
 Noncontrolling interest in consolidated joint venture   -    100,969 
 Total equity (deficit)   (27,092)   219,817 
 Total liabilities and equity  $3,537,820   $3,556,495 

 

15 

 

 

 

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

SUPPLEMENTAL FINANCIAL RESULTS

ADJUSTED EBITDAre RECONCILIATION

Unaudited

(in thousands)

 

    Three Months Ended Sept. 30,     Nine Months Ended Sept. 30,  
    2021     2020     2021     2020  
    $     Margin     $     Margin     $     Margin     $     Margin  
Consolidated                                                                
Revenue   $ 306,906             $ 70,249             $ 561,942             $ 397,960          
Net loss   $ (8,607 )     -2.8 %   $ (129,877 )     -184.9 %   $ (188,777 )     -33.6 %   $ (368,272 )     -92.5 %
Interest expense, net     30,980               26,587               88,802               81,762          
Provision for income taxes     1,063               86               6,640               27,046          
Depreciation & amortization     56,093               53,876               164,081               161,232          
(Gain) loss on sale of assets     2               -               (315 )             (1,255 )        
Pro rata EBITDAre from unconsolidated joint ventures     19               7               53               16          
EBITDAre     79,550       25.9 %     (49,321 )     -70.2 %     70,484       12.5 %     (99,471 )     -25.0 %
Preopening costs     118               96               734               1,597          
Non-cash lease expense     1,081               1,100               3,254               3,358          
Equity-based compensation expense     3,276               2,204               8,944               6,623          
Pension settlement charge     443               1,343               1,009               1,343          
Credit loss on held-to-maturity securities     -               7,811               -               32,784          
Interest income on Gaylord National bonds     1,389               1,485               4,114               4,683          
Loss on extinguishment of debt     -               -               2,949               -          
Transaction costs of acquisitions     135               2               210               15,437          
Adjusted EBITDAre   $ 85,992       28.0 %   $ (35,280 )     -50.2 %   $ 91,698       16.3 %   $ (33,646 )     -8.5 %
Adjusted EBITDAre of noncontrolling interest in consolidated joint venture     -               490               1,017             $ (5,088 )        
Adjusted EBITDAre, excluding noncontrolling interest in consolidated joint venture   $ 85,992       28.0 %   $ (34,790 )     -49.5 %   $ 92,715       16.5 %   $ (38,734 )     -9.7 %
                                                                 
Hospitality segment                                                                
Revenue   $ 257,853             $ 57,978             $ 463,343             $ 353,954          
Operating income (loss)   $ 24,600       9.5 %   $ (86,212 )     -148.7 %   $ (66,260 )     -14.3 %   $ (186,401 )     -52.7 %
Depreciation & amortization     52,020               49,310               151,655               148,667          
Gain on sale of assets     -               -               (317 )             (1,261 )        
Preopening costs     116               79               731               245          
Non-cash lease expense     1,101               1,116               3,307               3,347          
Credit loss on held-to-maturity securities     -               7,811               -               32,784          
Interest income on Gaylord National bonds     1,389               1,485               4,114               4,683          
Transaction costs of acquisitions     -               -               75               -          
Other gains and (losses), net     -               2,846               -               2,846          
Adjusted EBITDAre   $ 79,226       30.7 %   $ (23,565 )     -40.6 %   $ 93,305       20.1 %   $ 4,910       1.4 %
                                                                 
Entertainment segment                                                                
Revenue   $ 49,053             $ 12,271             $ 98,599             $ 44,006          
Operating income (loss)   $ 12,078       24.6 %   $ (9,074 )     -73.9 %   $ 10,071       10.2 %   $ (27,984 )     -63.6 %
Depreciation & amortization     3,506               3,985               10,728               10,492          
Preopening costs     2               17               3               1,352          
Non-cash lease (revenue) expense     (20 )             (16 )             (53 )             11          
Equity-based compensation     671               383               1,802               1,073          
Transaction costs of acquisitions     135               2               135               437          
Pro rata adjusted EBITDAre from unconsolidated joint ventures     (2,293 )             (1,760 )             (5,778 )             (5,466 )        
Adjusted EBITDAre   $ 14,079       28.7 %   $ (6,463 )     -52.7 %   $ 16,908       17.1 %   $ (20,085 )     -45.6 %
                                                                 
Corporate and Other segment                                                                
Operating loss   $ (10,983 )           $ (7,880 )           $ (28,620 )           $ (24,766 )        
Depreciation & amortization     567               581               1,698               2,073          
Other gains and (losses), net     55               (1,117 )             256               (2,671 )        
Equity-based compensation     2,605               1,821               7,142               5,550          
Pension settlement charge     443               1,343               1,009               1,343          
Adjusted EBITDAre   $ (7,313 )           $ (5,252 )           $ (18,515 )           $ (18,471 )        

 

16

 

 

 

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES
SUPPLEMENTAL FINANCIAL RESULTS
FUNDS FROM OPERATIONS ("FFO") AND ADJUSTED FFO RECONCILIATION
Unaudited
(in thousands, except per share data)
                 
   Three Months Ended Sept. 30,   Nine Months Ended Sept. 30, 
   2021   2020   2021   2020 
Consolidated                
Net loss  $(8,607)  $(129,877)  $(188,777)  $(368,272)
Noncontrolling interest in consolidated joint venture   -    11,893    16,501    30,280 
Net loss available to common shareholders and unit holders   (8,607)   (117,984)   (172,276)   (337,992)
Depreciation & amortization   56,055    53,838    163,969    161,120 
Adjustments for noncontrolling interest   -    (8,164)   (11,069)   (25,302)
Pro rata adjustments from joint ventures   19    7    53    18 
FFO available to common shareholders and unit holders   47,467    (72,303)   (19,323)   (202,156)
                     
Right-of-use asset amortization   38    38    112    112 
Non-cash lease expense   1,081    1,100    3,254    3,358 
Pension settlement charge   443    1,343    1,009    1,343 
Credit loss on held-to-maturity securities   -    7,811    -    32,784 
Gain on other assets   -    -    (317)   (1,261)
Write-off of deferred financing costs   -    11    -    246 
Amortization of deferred financing costs   2,200    2,038    6,579    5,889 
Amortization of debt premiums   (69)   (66)   (209)   (200)
Loss on extinguishment of debt   -    -    2,949    - 
Adjustments for noncontrolling interest   -    (224)   (294)   (715)
Transaction costs of acquisitions   135    2    210    15,437 
Deferred tax (benefit) expense   818    (34)   5,991    26,607 
Adjusted FFO available to common shareholders and unit holders  $52,113   $(60,284)  $(39)  $(118,556)
Capital expenditures (1)   (14,047)   (1,247)   (30,634)   (16,744)
Adjusted FFO available to common shareholders and unit holders (ex. maintenance capex)  $38,066   $(61,531)  $(30,673)  $(135,300)
                     
Basic net loss per share  $(0.16)  $(2.14)  $(3.11)  $(6.14)
Diluted net loss per share  $(0.16)  $(2.14)  $(3.11)  $(6.14)
                     
FFO available to common shareholders and unit holders per basic share/unit  $0.86   $(1.31)  $(0.35)  $(3.68)
Adjusted FFO available to common shareholders and unit holders per basic share/unit  $0.94   $(1.09)  $(0.00)  $(2.16)
                     
FFO available to common shareholders and unit holders per diluted share/unit  $0.86   $(1.31)  $(0.35)  $(3.68)
Adjusted FFO available to common shareholders and unit holders per diluted share/unit  $0.94   $(1.09)  $(0.00)  $(2.16)
                     
Weighted average common shares and OP units for the period:                    
Basic   55,466    55,126    55,449    55,004 
Diluted   55,466    55,126    55,449    55,004 

 

  (1) Represents FF&E reserve contribution for managed properties and maintenance capital expenditures for non-managed properties. Note that beginning in March 2020, as a result of the COVID-19 pandemic, contributions to the FF&E reserve for managed properties have been temporarily suspended, although we have made voluntary contributions to fund various maintenance capital expenditures, including the rooms renovation at Gaylord National.

 

17 

 

 

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

SUPPLEMENTAL FINANCIAL RESULTS

HOSPITALITY SEGMENT ADJUSTED EBITDAre RECONCILIATIONS AND OPERATING METRICS

Unaudited

(in thousands)  

 

   Three Months Ended Sept. 30,   Nine Months Ended Sept. 30, 
   2021   2020   2021   2020 
   $   Margin   $   Margin   $   Margin   $   Margin 
Hospitality segment                                        
Revenue  $257,853        $57,978        $463,343        $353,954      
Operating income (loss)  $24,600    9.5%  $(86,212)   -148.7%  $(66,260)   -14.3%  $(186,401)   -52.7%
Depreciation & amortization   52,020         49,310         151,655         148,667      
Gain on sale of assets   -         -         (317)        (1,261)     
Preopening costs   116         79         731         245      
Non-cash lease expense   1,101         1,116         3,307         3,347      
Credit loss on held-to-maturity securities   -         7,811         -         32,784      
Interest income on Gaylord National bonds   1,389         1,485         4,114         4,683      
Transaction costs of acquisitions   -         -         75         -      
Other gains and (losses), net   -         2,846         -         2,846      
Adjusted EBITDAre  $79,226    30.7%  $(23,565)   -40.6%  $93,305    20.1%  $4,910    1.4%
                                         
Occupancy   54.5%        14.6%        34.9%        24.4%     
Average daily rate (ADR)  $216.79        $180.89        $208.02        $197.38      
RevPAR  $118.17        $26.33        $72.65        $48.16      
OtherPAR  $151.02        $36.00        $92.86        $79.61      
Total RevPAR  $269.19        $62.33        $165.51        $127.77      
                                         
Gaylord Opryland                                        
Revenue  $75,483        $17,514        $142,244        $94,961      
Operating income (loss)  $19,514    25.9%  $(15,403)   -87.9%  $10,965    7.7%  $(24,402)   -25.7%
Depreciation & amortization   8,507         8,790         25,644         26,406      
Gain on sale of assets   -         -         (317)        (1,261)     
Non-cash lease (revenue) expense   -         (19)        2         (59)     
Adjusted EBITDAre  $28,021    37.1%  $(6,632)   -37.9%  $36,294    25.5%  $684    0.7%
                                         
Occupancy   56.3%        13.8%        38.4%        25.0%     
Average daily rate (ADR)  $232.49        $193.58        $223.24        $194.10      
RevPAR  $130.85        $26.76        $85.71        $48.51      
OtherPAR  $153.25        $39.16        $94.71        $71.49      
Total RevPAR  $284.10        $65.92        $180.42        $120.00      
                                         
Gaylord Palms                                        
Revenue  $34,476        $7,658        $82,295        $53,847      
Operating loss  $(877)   -2.5%  $(12,394)   -161.8%  $(4,514)   -5.5%  $(19,123)   -35.5%
Depreciation & amortization   5,852         4,042         15,278         12,452      
Preopening costs   116         79         731         245      
Non-cash lease expense   1,101         1,135         3,305         3,406      
Adjusted EBITDAre  $6,192    18.0%  $(7,138)   -93.2%  $14,800    18.0%  $(3,020)   -5.6%
                                         
Occupancy   44.7%        14.7%        41.1%        26.0%     
Average daily rate (ADR)  $201.18        $168.83        $198.85        $206.72      
RevPAR  $89.99        $24.76        $81.71        $53.67      
OtherPAR  $128.14        $34.03        $111.44        $85.12      
Total RevPAR  $218.13        $58.79        $193.15        $138.79      
                                         
Gaylord Texan                                        
Revenue  $56,041        $19,651        $108,468        $81,119      
Operating income (loss)  $12,640    22.6%  $(5,981)   -30.4%  $11,137    10.3%  $(4,699)   -5.8%
Depreciation & amortization   6,146         6,327         18,569         19,184      
Adjusted EBITDAre  $18,786    33.5%  $346    1.8%  $29,706    27.4%  $14,485    17.9%
                                         
Occupancy   66.9%        27.3%        44.6%        29.5%     
Average daily rate (ADR)  $215.42        $190.80        $207.21        $199.31      
RevPAR  $144.08        $52.09        $92.35        $58.82      
OtherPAR  $191.72        $65.66        $126.68        $104.39      
Total RevPAR  $335.80        $117.75        $219.03        $163.21      

 

18

 

 

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

SUPPLEMENTAL FINANCIAL RESULTS

HOSPITALITY SEGMENT ADJUSTED EBITDAre RECONCILIATIONS AND OPERATING METRICS

Unaudited

(in thousands)

 

   Three Months Ended Sept. 30,   Nine Months Ended Sept. 30, 
   2021   2020   2021   2020 
    $    Margin   $    Margin   $   Margin   $   Margin 
Gaylord National                                        
Revenue  $36,008        $133        $39,576        $50,056      
Operating loss  $(8,534)   -23.7%  $(26,814)   -20160.9%  $(38,108)   -96.3%  $(79,798)   -159.4%
Depreciation & amortization   8,206         6,885         22,245         20,751      
Credit loss on held-to-maturity securities   -         7,811         -         32,784      
Interest income on Gaylord National bonds   1,389         1,485         4,114         4,683      
Other gains and (losses), net   -         2,846         -         2,846      
Adjusted EBITDAre  $1,061    2.9%  $(7,787)   -5854.9%  $(11,749)   -29.7%  $(18,734)   -37.4%
                                         
Occupancy   44.1%        0.0%        14.9%        17.2%     
Average daily rate (ADR)  $209.77        $-        $209.77        $207.13      
RevPAR  $92.52        $-        $31.18        $35.71      
OtherPAR  $103.57        $0.73        $41.45        $55.82      
Total RevPAR  $196.09        $0.73        $72.63        $91.53      
                                         
Gaylord Rockies                                        
Revenue  $51,209        $11,931        $81,517        $68,335      
Operating income (loss) (1)  $1,595    3.1%  $(23,846)   -199.9%  $(43,700)   -53.6%  $(53,854)   -78.8%
Depreciation & amortization   22,670         22,616         67,978         67,897      
Adjusted EBITDAre (1)  $24,265    47.4%  $(1,230)   -10.3%  $24,278    29.8%  $14,043    20.6%
                                         
Occupancy   61.9%        19.3%        35.2%        25.8%     
Average daily rate (ADR)  $224.67        $169.43        $210.54        $196.84      
RevPAR  $139.10        $32.78        $74.05        $50.83      
OtherPAR  $231.74        $53.61        $124.88        $115.32      
Total RevPAR  $370.84        $86.39        $198.93        $166.15      
                                         
The AC Hotel at National Harbor                                        
Revenue  $1,846        $735        $4,110        $2,730      
Operating loss  $(141)   -7.6%  $(704)   -95.8%  $(1,282)   -31.2%  $(1,999)   -73.2%
Depreciation & amortization   329         329         986         994      
Adjusted EBITDAre  $188    10.2%  $(375)   -51.0%  $(296)   -7.2%  $(1,005)   -36.8%
                                         
Occupancy   46.7%        27.0%        43.3%        26.2%     
Average daily rate (ADR)  $201.38        $146.70        $163.95        $176.69      
RevPAR  $94.11        $39.65        $70.96        $46.21      
OtherPAR  $10.45        $1.99        $7.46        $5.69      
Total RevPAR  $104.56        $41.64        $78.42        $51.90      
                                         
The Inn at Opryland (2)                                        
Revenue  $2,790        $356        $5,133        $2,906      
Operating income (loss)  $403    14.4%  $(1,070)   -300.6%  $(758)   -14.8%  $(2,526)   -86.9%
Depreciation & amortization   310         321         955         983      
Transaction costs of acquisitions   -         -         75         -      
Adjusted EBITDAre  $713    25.6%  $(749)   -210.4%  $272    5.3%  $(1,543)   -53.1%
                                         
Occupancy   55.7%        8.9%        38.1%        19.9%     
Average daily rate (ADR)  $147.81        $93.65        $133.94        $127.42      
RevPAR  $82.35        $8.37        $51.00        $25.30      
OtherPAR  $17.67        $4.35        $11.05        $9.70      
Total RevPAR  $100.02        $12.72        $62.05        $35.00       

 

(1) Operating loss and Adjusted EBITDAre for Gaylord Rockies for the nine months ended September 30, 2021 exclude forgiven asset management fees previously owed to RHP of $0.3 million. Operating loss and Adjusted EBITDAre for Gaylord Rockies for the three months and nine months ended September 30, 2020 exclude asset management fees owed to RHP of $0.1 million and $0.7 million, respectively.
(2) Includes other hospitality revenue and expense

 

19

 

EX-101.SCH 3 rhp-20211101.xsd XBRL TAXONOMY EXTENSION SCHEMA 00000001 - Document - Cover link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 4 rhp-20211101_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Cover [Abstract] Document Type Amendment Flag Amendment Description Document Registration Statement Document Annual Report Document Quarterly Report Document Transition Report Document Shell Company Report Document Shell Company Event Date Document Period Start Date Document Period End Date Document Fiscal Period Focus Document Fiscal Year Focus Current Fiscal Year End Date Entity File Number Entity Registrant Name Entity Central Index Key Entity Primary SIC Number Entity Tax Identification Number Entity Incorporation, State or Country Code Entity Address, Address Line One Entity Address, Address Line Two Entity Address, Address Line Three Entity Address, City or Town Entity Address, State or Province Entity Address, Country Entity Address, Postal Zip Code Country Region City Area Code Local Phone Number Extension Written Communications Soliciting Material Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Title of 12(b) Security No Trading Symbol Flag Trading Symbol Security Exchange Name Title of 12(g) Security Security Reporting Obligation Annual Information Form Audited Annual Financial Statements Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Entity Emerging Growth Company Elected Not To Use the Extended Transition Period Document Accounting Standard Other Reporting Standard Item Number Entity Shell Company Entity Public Float Entity Bankruptcy Proceedings, Reporting Current Entity Common Stock, Shares Outstanding Documents Incorporated by Reference [Text Block] EX-101.PRE 5 rhp-20211101_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE GRAPHIC 6 tm2131031_2ex99-1img002.jpg GRAPHIC begin 644 tm2131031_2ex99-1img002.jpg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end XML 7 tm2131031d2_8k_htm.xml IDEA: XBRL DOCUMENT 0001040829 2021-11-01 2021-11-01 iso4217:USD shares iso4217:USD shares 0001040829 false 8-K 2021-11-01 RYMAN HOSPITALITY PROPERTIES, INC. DE 1-13079 73-0664379 One Gaylord Drive Nashville TN 37214 615 316-6000 false false false false Common Stock, par value $.01 RHP NYSE false XML 8 R1.htm IDEA: XBRL DOCUMENT v3.21.2
Cover
Nov. 01, 2021
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Nov. 01, 2021
Entity File Number 1-13079
Entity Registrant Name RYMAN HOSPITALITY PROPERTIES, INC.
Entity Central Index Key 0001040829
Entity Tax Identification Number 73-0664379
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One One Gaylord Drive
Entity Address, City or Town Nashville
Entity Address, State or Province TN
Entity Address, Postal Zip Code 37214
City Area Code 615
Local Phone Number 316-6000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, par value $.01
Trading Symbol RHP
Security Exchange Name NYSE
Entity Emerging Growth Company false
EXCEL 9 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 10 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 12 FilingSummary.xml IDEA: XBRL DOCUMENT 3.21.2 html 1 96 1 false 0 0 false 3 false false R1.htm 00000001 - Document - Cover Sheet http://rymanhp.com/role/Cover Cover Cover 1 false false All Reports Book All Reports tm2131031d2_8k.htm rhp-20211101.xsd rhp-20211101_lab.xml rhp-20211101_pre.xml tm2131031d2_ex99-1.htm http://xbrl.sec.gov/dei/2020-01-31 true false JSON 14 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "tm2131031d2_8k.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "definitionLink": { "remote": [ "http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-eedm-def-2020-01-31.xml", "http://xbrl.fasb.org/srt/2020/elts/srt-eedm1-def-2020-01-31.xml" ] }, "inline": { "local": [ "tm2131031d2_8k.htm" ] }, "labelLink": { "local": [ "rhp-20211101_lab.xml" ] }, "presentationLink": { "local": [ "rhp-20211101_pre.xml" ] }, "schema": { "local": [ "rhp-20211101.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd", "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2020/elts/us-roles-2020-01-31.xsd", "http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://xbrl.fasb.org/srt/2020/elts/srt-types-2020-01-31.xsd", "http://xbrl.fasb.org/srt/2020/elts/srt-roles-2020-01-31.xsd", "https://xbrl.sec.gov/country/2020/country-2020-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2020/elts/us-types-2020-01-31.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd" ] } }, "elementCount": 59, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2020-01-31": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 96, "memberCustom": 0, "memberStandard": 0, "nsprefix": "rhp", "nsuri": "http://rymanhp.com/20211101", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "b", "p", "body", "html" ], "baseRef": "tm2131031d2_8k.htm", "contextRef": "From2021-11-01to2021-11-01", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "00000001 - Document - Cover", "role": "http://rymanhp.com/role/Cover", "shortName": "Cover", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "b", "p", "body", "html" ], "baseRef": "tm2131031d2_8k.htm", "contextRef": "From2021-11-01to2021-11-01", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentDescription": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Description of changes contained within amended document.", "label": "Amendment Description" } } }, "localname": "AmendmentDescription", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "stringItemType" }, "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_AnnualInformationForm": { "auth_ref": [ "r12" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form.", "label": "Annual Information Form" } } }, "localname": "AnnualInformationForm", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_AuditedAnnualFinancialStatements": { "auth_ref": [ "r12" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements.", "label": "Audited Annual Financial Statements" } } }, "localname": "AuditedAnnualFinancialStatements", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_CountryRegion": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Region code of country", "label": "Country Region" } } }, "localname": "CountryRegion", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "xbrltype": "stringItemType" }, "dei_CurrentFiscalYearEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "End date of current fiscal year in the format --MM-DD.", "label": "Current Fiscal Year End Date" } } }, "localname": "CurrentFiscalYearEndDate", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "gMonthDayItemType" }, "dei_DocumentAccountingStandard": { "auth_ref": [ "r11" ], "lang": { "en-us": { "role": { "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.", "label": "Document Accounting Standard" } } }, "localname": "DocumentAccountingStandard", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "accountingStandardItemType" }, "dei_DocumentAnnualReport": { "auth_ref": [ "r9", "r11", "r12" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as an annual report.", "label": "Document Annual Report" } } }, "localname": "DocumentAnnualReport", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentFiscalPeriodFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.", "label": "Document Fiscal Period Focus" } } }, "localname": "DocumentFiscalPeriodFocus", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "fiscalPeriodItemType" }, "dei_DocumentFiscalYearFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.", "label": "Document Fiscal Year Focus" } } }, "localname": "DocumentFiscalYearFocus", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "gYearItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentPeriodStartDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format.", "label": "Document Period Start Date" } } }, "localname": "DocumentPeriodStartDate", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentQuarterlyReport": { "auth_ref": [ "r10" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as an quarterly report.", "label": "Document Quarterly Report" } } }, "localname": "DocumentQuarterlyReport", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentRegistrationStatement": { "auth_ref": [ "r18" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as a registration statement.", "label": "Document Registration Statement" } } }, "localname": "DocumentRegistrationStatement", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentShellCompanyEventDate": { "auth_ref": [ "r11" ], "lang": { "en-us": { "role": { "documentation": "Date of event requiring a shell company report.", "label": "Document Shell Company Event Date" } } }, "localname": "DocumentShellCompanyEventDate", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentShellCompanyReport": { "auth_ref": [ "r11" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.", "label": "Document Shell Company Report" } } }, "localname": "DocumentShellCompanyReport", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentTransitionReport": { "auth_ref": [ "r13" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as a transition report.", "label": "Document Transition Report" } } }, "localname": "DocumentTransitionReport", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "submissionTypeItemType" }, "dei_DocumentsIncorporatedByReferenceTextBlock": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Documents incorporated by reference.", "label": "Documents Incorporated by Reference [Text Block]" } } }, "localname": "DocumentsIncorporatedByReferenceTextBlock", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "textBlockItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine2": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 2 such as Street or Suite number", "label": "Entity Address, Address Line Two" } } }, "localname": "EntityAddressAddressLine2", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine3": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 3 such as an Office Park", "label": "Entity Address, Address Line Three" } } }, "localname": "EntityAddressAddressLine3", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCountry": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "ISO 3166-1 alpha-2 country code.", "label": "Entity Address, Country" } } }, "localname": "EntityAddressCountry", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "countryCodeItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityBankruptcyProceedingsReportingCurrent": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not. Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element.", "label": "Entity Bankruptcy Proceedings, Reporting Current" } } }, "localname": "EntityBankruptcyProceedingsReportingCurrent", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r14" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityCommonStockSharesOutstanding": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.", "label": "Entity Common Stock, Shares Outstanding" } } }, "localname": "EntityCommonStockSharesOutstanding", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "sharesItemType" }, "dei_EntityCurrentReportingStatus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Current Reporting Status" } } }, "localname": "EntityCurrentReportingStatus", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r14" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityExTransitionPeriod": { "auth_ref": [ "r17" ], "lang": { "en-us": { "role": { "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.", "label": "Elected Not To Use the Extended Transition Period" } } }, "localname": "EntityExTransitionPeriod", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "fileNumberItemType" }, "dei_EntityFilerCategory": { "auth_ref": [ "r14" ], "lang": { "en-us": { "role": { "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Filer Category" } } }, "localname": "EntityFilerCategory", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "filerCategoryItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityInteractiveDataCurrent": { "auth_ref": [ "r15" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).", "label": "Entity Interactive Data Current" } } }, "localname": "EntityInteractiveDataCurrent", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityPrimarySicNumber": { "auth_ref": [ "r12" ], "lang": { "en-us": { "role": { "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity.", "label": "Entity Primary SIC Number" } } }, "localname": "EntityPrimarySicNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "sicNumberItemType" }, "dei_EntityPublicFloat": { "auth_ref": [], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.", "label": "Entity Public Float" } } }, "localname": "EntityPublicFloat", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "monetaryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r14" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityShellCompany": { "auth_ref": [ "r14" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.", "label": "Entity Shell Company" } } }, "localname": "EntityShellCompany", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntitySmallBusiness": { "auth_ref": [ "r14" ], "lang": { "en-us": { "role": { "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).", "label": "Entity Small Business" } } }, "localname": "EntitySmallBusiness", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r14" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "employerIdItemType" }, "dei_EntityVoluntaryFilers": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.", "label": "Entity Voluntary Filers" } } }, "localname": "EntityVoluntaryFilers", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityWellKnownSeasonedIssuer": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.", "label": "Entity Well-known Seasoned Issuer" } } }, "localname": "EntityWellKnownSeasonedIssuer", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_Extension": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Extension number for local phone number.", "label": "Extension" } } }, "localname": "Extension", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_NoTradingSymbolFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a security having no trading symbol.", "label": "No Trading Symbol Flag" } } }, "localname": "NoTradingSymbolFlag", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_OtherReportingStandardItemNumber": { "auth_ref": [ "r11" ], "lang": { "en-us": { "role": { "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS.", "label": "Other Reporting Standard Item Number" } } }, "localname": "OtherReportingStandardItemNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "otherReportingStandardItemNumberItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "securityTitleItemType" }, "dei_Security12gTitle": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(g) registered security.", "label": "Title of 12(g) Security" } } }, "localname": "Security12gTitle", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SecurityReportingObligation": { "auth_ref": [ "r7" ], "lang": { "en-us": { "role": { "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act.", "label": "Security Reporting Obligation" } } }, "localname": "SecurityReportingObligation", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "securityReportingObligationItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r8" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r16" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://rymanhp.com/role/Cover" ], "xbrltype": "booleanItemType" } }, "unitCount": 3 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-23" }, "r10": { "Name": "Form 10-Q", "Number": "240", "Publisher": "SEC", "Section": "308", "Subsection": "a" }, "r11": { "Name": "Form 20-F", "Number": "249", "Publisher": "SEC", "Section": "220", "Subsection": "f" }, "r12": { "Name": "Form 40-F", "Number": "249", "Publisher": "SEC", "Section": "240", "Subsection": "f" }, "r13": { "Name": "Forms 10-K, 10-Q, 20-F", "Number": "240", "Publisher": "SEC", "Section": "13", "Subsection": "a-1" }, "r14": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r15": { "Name": "Regulation S-T", "Number": "232", "Publisher": "SEC", "Section": "405" }, "r16": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" }, "r17": { "Name": "Securities Act", "Number": "7A", "Publisher": "SEC", "Section": "B", "Subsection": "2" }, "r18": { "Name": "Securities Act", "Number": "Section", "Publisher": "SEC", "Section": "12" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "g" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12, 13, 15d" }, "r5": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r6": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r7": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "15", "Subsection": "d" }, "r8": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r9": { "Name": "Form 10-K", "Number": "249", "Publisher": "SEC", "Section": "310" } }, "version": "2.1" } ZIP 15 0001104659-21-132569-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001104659-21-132569-xbrl.zip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end