Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2021

Equity

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 Plans,” interest rate derivatives designated as cash flow hedges related to the Company’s and the Gaylord Rockies joint venture’s outstanding debt as discussed in Note 7, “Debt,” and amounts related to an other-than-temporary impairment of a held-to-maturity investment that existed prior to 2020 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, 2020. Changes in accumulated other

comprehensive loss by component for the three months ended March 31, 2021 and 2020 consisted of the following (in thousands):

			Other-Than-
	Minimum		Temporary
	Pension		Impairment of		Interest Rate
	Liability		Investment		Derivatives		Total
Balance, December 31, 2020	$	(26,623)	$	(3,509)	$	(27,819)	$	(57,951)
Gains arising during period		1,436		—		602		2,038
Amounts reclassified from accumulated other comprehensive loss		8		53		4,001		4,062
Net other comprehensive income		1,444		53		4,603		6,100
Balance, March 31, 2021	$	(25,179)	$	(3,456)	$	(23,216)	$	(51,851)

			Other-Than-
	Minimum		Temporary
	Pension		Impairment of		Interest Rate
	Liability		Investment		Derivatives		Total
Balance, December 31, 2019	$	(23,916)	$	(5,877)	$	1,634	$	(28,159)
Losses arising during period		(1,107)		—		(35,947)		(37,054)
Amounts reclassified from accumulated other comprehensive loss		17		52		(452)		(383)
Net other comprehensive income (loss)		(1,090)		52		(36,399)		(37,437)
Transition adjustment related to adoption of ASU 2016-13		—		2,158		—		2,158
Balance, March 31, 2020	$	(25,006)	$	(3,667)	$	(34,765)	$	(63,438)