Notes Receivable

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

Notes Receivable

7. NOTES RECEIVABLE:

In connection with the development of Gaylord National, the Company is currently holding two issuances of bonds and receives the debt service thereon, which is payable from tax increments, hotel taxes and special hotel rental taxes generated from Gaylord National through the maturity date. The Company is recording the amortization of discount on these notes receivable as interest income over the life of the notes.

During the three months ended March 31, 2013 and 2012, the Company recorded interest income of $3.0 million and $3.2 million, respectively, on these bonds. The Company received payments of $3.5 million and $6.6 million during the three months ended March 31, 2013 and 2012, respectively, relating to these notes receivable.