v3.22.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income $ 41,043 $ 29,383
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 43,105 30,807
Depreciation and amortization 10,641 10,116
Share-based compensation expense 1,562 152
Net losses on disposal of property and equipment 22 24
Increase (Decrease) in deferred income tax liability 6,040 (3,401)
Changes in operating assets and liabilities:    
Notes receivable (79,430) (36,060)
VOI Inventory 19,854 3,760
Prepaid expense and other assets 10,362 (13,888)
Accounts payable, accrued liabilities and other, and deferred income 15,725 32,376
Net cash provided by operating activities 68,924 53,269
Investing activities:    
Purchases of property and equipment (7,867) (8,229)
Net cash used in investing activities (7,867) (8,229)
Financing activities:    
Repayments of notes payable and other borrowings (195,981) (100,858)
Proceeds from notes payable and other borrowings 254,350 66,363
Redemption of junior subordinated debentures   (4,186)
Payments for debt issuance costs (4,233) (87)
Payments of merger transaction costs   (613)
Purchase and retirement of common stock (30,824)  
Dividends paid on common stock (3,127)  
Net cash provided by (used in) financing activities 20,185 (39,381)
Net increase (decrease) in cash and cash equivalents and restricted cash 81,242 5,659
Cash, cash equivalents and restricted cash at beginning of period 183,079 257,104
Cash, cash equivalents and restricted cash at end of period 264,321 262,763
Supplemental cash flow information:    
Interest paid on borrowings, net of amounts capitalized 15,444 16,138
Income taxes paid 5,174 8,830
Supplemental schedule of non-cash investing activities:    
Transfer of property and equipment to inventory 1,501  
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 222,076 216,112
Restricted cash 42,245 46,651
Total cash, cash equivalents, and restricted cash $ 264,321 $ 262,763

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