Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2019

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

4. ACCUMULATED OTHER COMPREHENSIVE LOSS:

The Company’s balance in accumulated other comprehensive loss is comprised of amounts related to the Company’s minimum pension liability discussed in Note 11, “Pension and Postretirement Benefits Other Than Pension Plans,” interest rate derivatives designated as a cash flow hedge of the Gaylord Rockies joint venture’s outstanding term loan discussed in Note 7, “Debt,” and amounts related to an other-than-temporary impairment of a held-to-maturity investment with respect to the notes receivable discussed in Note 6, “Notes Receivable,” to the condensed consolidated financial statements included herein, and Note 3, “Notes Receivable,” to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. Changes in accumulated other comprehensive loss by component for the nine months ended September 30, 2019 and 2018 consisted of the following (in thousands):

			Other-Than-
	Minimum		Temporary
	Pension		Impairment of		Interest Rate
	Liability		Investment		Derivatives		Total
Balance, December 31, 2018	$	(21,814)	$	(6,210)	$	—	$	(28,024)
Losses arising during period		(5,164)		—		(3,789)		(8,953)
Amounts reclassified from accumulated other comprehensive loss		1,635		249		(1,197)		687
Income tax benefit		880		—		—		880
Net other comprehensive income (loss)		(2,649)		249		(4,986)		(7,386)
Transition adjustment related to adoption of ASU 2018-02 (see Note 1)		(2,707)		—		—		(2,707)
Balance, September 30, 2019	$	(27,170)	$	(5,961)	$	(4,986)	$	(38,117)

			Other-Than-
	Minimum		Temporary
	Pension		Impairment of		Interest Rate
	Liability		Investment		Derivatives		Total
Balance, December 31, 2017	$	(20,149)	$	(6,543)	$	—	$	(26,692)
Gains arising during period		3,439		—		—		3,439
Amounts reclassified from accumulated other comprehensive loss		990		249		—		1,239
Income tax expense		(1,077)		—		—		(1,077)
Net other comprehensive income		3,352		249		—		3,601
Balance, September 30, 2018	$	(16,797)	$	(6,294)	$	—	$	(23,091)