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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Rooms $ 92,828 $ 92,378 $ 292,089 $ 282,836
Food and beverage 108,558 104,175 345,931 331,378
Other hotel revenue 23,456 22,549 69,111 70,021
Entertainment (previously Opry and Attractions) 27,978 25,913 72,873 65,144
Total revenues 252,820 245,015 780,004 749,379
Operating expenses:        
Rooms 27,347 28,397 80,216 82,778
Food and beverage 63,797 60,508 193,661 184,748
Other hotel expenses 70,108 71,863 210,513 212,788
Management fees 3,213 3,622 10,516 11,485
Total hotel operating expenses 164,465 164,390 494,906 491,799
Entertainment (previously Opry and Attractions) 18,954 16,557 48,775 44,239
Corporate 8,017 6,952 21,384 19,707
Preopening costs 118   909  
Impairment and other charges     2,890  
Depreciation and amortization 28,498 28,033 85,467 84,268
Total operating expenses 220,052 215,932 654,331 640,013
Operating income 32,768 29,083 125,673 109,366
Interest expense (16,138) (17,135) (47,765) (48,277)
Interest income 2,982 3,001 9,383 9,070
Loss on extinguishment of debt       (2,148)
Other gains and (losses), net 2,467 (282) (18,104) (4,608)
Income before income taxes 22,079 14,667 69,187 63,403
Benefit for income taxes 4,612 463 3,425 371
Net income 26,691 15,130 72,612 63,774
Loss on call spread and warrant modifications related to convertible notes       (4,952)
Net income available to common shareholders $ 26,691 $ 15,130 $ 72,612 $ 58,822
Basic income per share available to common shareholders $ 0.52 $ 0.30 $ 1.42 $ 1.16
Fully diluted income per share available to common shareholders 0.52 0.25 1.41 0.97
Dividends declared per common share $ 0.70 $ 0.55 $ 2.00 $ 1.65
Comprehensive income, net of deferred taxes $ 26,364 $ 15,079 $ 72,381 $ 63,623