Financial Reporting By Business Segments

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Financial Reporting By Business Segments

14. FINANCIAL REPORTING BY BUSINESS SEGMENTS:

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

• Hospitality, which includes Gaylord Opryland, Gaylord Palms, Gaylord Texan, Gaylord National, the Inn at Opryland and the AC Hotel;

• Entertainment, previously referred to as 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 is derived directly from the segments’ internal financial reports used for corporate management purposes (amounts in thousands):

	Three Months Ended March 31,
	2015			2014
Revenues:
Hospitality	$	236,454		$	232,203
Entertainment (previously Opry and Attractions)		16,694			14,248
Corporate and Other		—			—
Total	$	253,148		$	246,451
Depreciation and amortization:
Hospitality	$	26,443		$	25,514
Entertainment (previously Opry and Attractions)		1,412			1,425
Corporate and Other		715			1,064
Total	$	28,570		$	28,003
Operating income (loss):
Hospitality	$	45,061		$	40,016
Entertainment (previously Opry and Attractions)		2,120			552
Corporate and Other		(7,809	)		(7,771	)
Preopening costs		(592	)		—
Impairment and other charges		(2,890	)		—
Total operating income		35,890			32,797
Interest expense		(13,813	)		(15,670	)
Interest income		3,008			3,031
Other gains and (losses), net		(20,232	)		11
Income before income taxes	$	4,853		$	20,169