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Financial Reporting By Business Segments (Tables)
12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segments Internal Financial Reports

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

 

     2014     2013     2012  

REVENUES:

      

Hospitality

   $ 954,166      $ 878,509      $ 916,041   

Opry and Attractions

     86,825        76,053        70,553   

Corporate and Other

     —          —          —     
  

 

 

   

 

 

   

 

 

 

Total revenues

   $ 1,040,991      $ 954,562      $ 986,594   
  

 

 

   

 

 

   

 

 

 

DEPRECIATION AND AMORTIZATION:

      

Hospitality

   $ 103,422      $ 103,147      $ 107,343   

Opry and Attractions

     5,258        5,368        5,119   

Corporate and Other

     3,598        8,013        18,229   
  

 

 

   

 

 

   

 

 

 

Total depreciation and amortization

   $ 112,278      $ 116,528      $ 130,691   
  

 

 

   

 

 

   

 

 

 

OPERATING INCOME (LOSS):

      

Hospitality

   $ 162,535      $ 121,556      $ 150,210   

Opry and Attractions

     21,752        14,157        13,305   

Corporate and Other

     (31,171     (34,305     (65,107

REIT conversion costs

     —          (22,190     (101,964

Casualty loss

     —          (54     (858

Preopening costs

     (11     —          (340

Impairment and other charges

     —          (2,976     —     
  

 

 

   

 

 

   

 

 

 

Total operating income (loss)

     153,105        76,188        (4,754

Interest expense, net of amounts capitalized

     (61,447     (60,916     (58,582

Interest income

     12,075        12,267        12,307   

Income from unconsolidated companies

     —          10        109   

Loss on extinguishment of debt

     (2,148     (4,181     —     

Other gains and (losses)

     23,415        2,447        22,251   
  

 

 

   

 

 

   

 

 

 

Income (loss) before income taxes and discontinued operations

   $ 125,000      $ 25,815      $ (28,669
  

 

 

   

 

 

   

 

 

 

 

     December 31,      December 31,  
     2014      2013  

IDENTIFIABLE ASSETS:

     

Hospitality

   $ 2,207,043       $ 2,237,888   

Opry and Attractions

     80,127         79,770   

Corporate and Other

     125,827         106,689   

Discontinued operations

     149         282   
  

 

 

    

 

 

 

Total identifiable assets

   $ 2,413,146       $ 2,424,629   
  

 

 

    

 

 

 
Capital Expenditures for Continuing Operations

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

 

     2014      2013      2012  

CAPITAL EXPENDITURES:

        

Hospitality

   $ 46,440       $ 32,266       $ 73,170   

Opry and Attractions

     4,760         2,688         7,347   

Corporate and other

     7,177         2,005         14,716   
  

 

 

    

 

 

    

 

 

 

Total capital expenditures

   $ 58,377       $ 36,959       $ 95,233