Financial Reporting By Business Segments (Tables)

12 Months Ended

Dec. 31, 2012

Segments Internal Financial Reports

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

	2012			2011			2010
REVENUES:
Hospitality	$	916,041		$	886,634		$	722,938
Opry and Attractions		70,463			65,386			46,918
Corporate and Other		90			124			105
Total revenues	$	986,594		$	952,144		$	769,961
DEPRECIATION AND AMORTIZATION:
Hospitality	$	107,343		$	109,521		$	91,117
Opry and Attractions		5,119			5,261			4,710
Corporate and Other		18,229			10,507			9,734
Total depreciation and amortization	$	130,691		$	125,289		$	105,561
OPERATING INCOME (LOSS):
Hospitality	$	150,210		$	130,939		$	91,705
Opry and Attractions		13,215			8,760			1,237
Corporate and Other		(65,017	)		(58,535	)		(61,320	)
REIT conversion costs		(101,964	)		—			—
Casualty loss		(858	)		(1,225	)		(42,321	)
Preopening costs		(340	)		(408	)		(55,287	)
Total operating income (loss)		(4,754	)		79,531			(65,986	)
Interest expense, net of amounts capitalized		(58,582	)		(74,673	)		(81,426	)
Interest income		12,307			12,460			13,124
Income from unconsolidated companies		109			1,086			608
Gain on extinguishment of debt		—			—			1,299
Other gains and (losses)		22,251			(916	)		(535	)
Income (loss) before income taxes and discontinued operations	$	(28,669	)	$	17,488		$	(132,916	)

	December  31, 2012		December  31, 2011
IDENTIFIABLE ASSETS:
Hospitality	$	2,341,880	$	2,320,853
Opry and Attractions		86,078		78,482
Corporate and Other		114,853		163,675
Discontinued operations		328		390
Total identifiable assets	$	2,543,139	$	2,563,400

Capital Expenditures for Continuing Operations

The following table represents the capital expenditures for continuing operations by segment for the years ended December 31 (amounts in thousands):

	2012		2011		2010
CAPITAL EXPENDITURES:
Hospitality	$	73,170	$	110,151	$	159,576
Opry and Attractions		7,347		4,745		23,767
Corporate and other		14,716		17,696		11,304
Total capital expenditures	$	95,233	$	132,592	$	194,647