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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:    
Net income $ 79,912 $ 77,677
Amounts to reconcile net income to net cash flows provided by operating activities:    
Benefit for deferred income taxes (129) (598)
Depreciation and amortization 55,316 55,182
Amortization of deferred financing costs 2,567 2,432
Write-off of deferred financing costs 925  
Stock-based compensation expense 3,213 3,062
Changes in:    
Trade receivables (17,758) 2,465
Accounts payable and accrued liabilities (11,390) (16,638)
Other assets and liabilities 1,252 3,320
Net cash flows provided by operating activities 113,908 126,902
Cash Flows from Investing Activities:    
Purchases of property and equipment (79,472) (55,878)
Investment in Gaylord Rockies joint venture (16,309) (31,944)
Proceeds from sale of Peterson LOI   6,785
(Increase) decrease in restricted cash and cash equivalents 6,887 (7,611)
Other investing activities (5,623) (1,900)
Net cash flows used in investing activities (94,517) (90,548)
Cash Flows from Financing Activities:    
Net borrowings (repayments) under revolving credit facility (241,900) 67,500
Borrowings under term loan A 200,000  
Borrowings under term loan B 500,000  
Repayments under term loan B (391,250) (2,000)
Deferred financing costs paid (12,220)  
Repayment of note payable related to purchase of AC Hotel   (6,000)
Repurchase of Company stock for retirement   (24,811)
Payment of dividends (79,788) (74,648)
Payment of tax withholdings for share-based compensation (3,769) (3,087)
Other financing activities 18 1,133
Net cash flows used in financing activities (28,909) (41,913)
Net change in cash and cash equivalents (9,518) (5,559)
Cash and cash equivalents - unrestricted, beginning of period 59,128 56,291
Cash and cash equivalents - unrestricted, end of period $ 49,610 $ 50,732