Financial Reporting by Business Segments

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Financial Reporting by Business Segments

15. FINANCIAL REPORTING BY BUSINESS SEGMENTS:

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

• Hospitality, which includes Gaylord Opryland, Gaylord Palms, Gaylord Texan, Gaylord National and the Inn 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,
	2013			2012
Revenues:
Hospitality	$	209,581		$	226,048
Opry and Attractions		12,532			12,867
Corporate and Other		—			—
Total	$	222,113		$	238,915
Depreciation and amortization:
Hospitality	$	26,801		$	28,536
Opry and Attractions		1,366			1,285
Corporate and Other		3,842			2,613
Total	$	32,009		$	32,434
Operating income (loss):
Hospitality	$	23,408		$	40,036
Opry and Attractions		(120	)		825
Corporate and Other		(10,508	)		(15,619	)
REIT conversion costs		(14,992	)		(3,053	)
Casualty loss		(32	)		(174	)
Preopening costs		—			(331	)
Total operating income (loss)		(2,244	)		21,684
Interest expense, net of amounts capitalized		(13,323	)		(14,362	)
Interest income		3,051			3,154
Other gains and (losses), net		(6	)		—
Income (loss) before income taxes and discontinued operations	$	(12,522	)	$	10,476