Financial Reporting by Business Segments

3 Months Ended

Mar. 31, 2012

Financial Reporting by Business Segments [Abstract]

FINANCIAL REPORTING BY BUSINESS SEGMENTS

13. FINANCIAL REPORTING BY BUSINESS SEGMENTS:

The Company’s continuing operations are organized into three principal business segments:

• Hospitality, which includes the Gaylord Opryland Resort and Convention Center, the Gaylord Palms Resort and Convention Center, the Gaylord Texan Resort and Convention Center, the Gaylord National Resort and Convention Center and the Radisson Hotel at Opryland;

• Opry and Attractions, which includes the Grand Ole Opry, WSM-AM, and the Company’s Nashville-based attractions; and

• Corporate and Other, which includes the Company’s corporate expenses.

The following information from continuing operations is derived directly from the segments’ internal financial reports used for corporate management purposes (amounts in thousands):

	Three Months Ended March 31,
	2012			2011
Revenues:
Hospitality	$	226,048		$	209,342
Opry and Attractions		12,835			11,367
Corporate and Other		32			29
Total	$	238,915		$	220,738
Depreciation and amortization:
Hospitality	$	28,536		$	25,275
Opry and Attractions		1,285			1,332
Corporate and Other		2,613			2,450
Total	$	32,434		$	29,057
Operating income (loss):
Hospitality	$	40,036		$	29,454
Opry and Attractions		793			(643	)
Corporate and Other		(18,640	)		(14,086	)
Casualty loss		(174	)		1
Preopening costs		(331	)		—
Total operating income		21,684			14,726
Interest expense, net of amounts capitalized		(14,362	)		(20,809	)
Interest income		3,154			3,173
Income from unconsolidated companies		—			173
Other gains and (losses), net		—			(191	)
Income (loss) before income taxes and discontinued operations	$	10,476		$	(2,928	)