v3.23.3
Consolidated Statements Of Operations And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Total revenues $ 234,961 $ 224,737 $ 651,520 $ 609,183
Interest income 32,976 25,803 92,762 71,506
Other income, net   296 3,278 774
Total revenues 267,937 250,836 747,560 681,463
Costs and expenses:        
Interest expense 19,458 10,822 53,670 28,935
Selling, general and administrative expenses 156,581 152,881 436,067 421,339
Other expense, net 63      
Total costs and expenses 234,600 214,604 659,869 591,825
Income before income taxes 33,337 36,232 87,691 89,638
Provision for income taxes (7,840) (8,586) (20,338) (20,948)
Net income 25,497 27,646 67,353 68,690
Less: Income attributable to noncontrolling interest 4,840 4,682 13,284 11,954
Net income attributable to shareholders 20,657 22,964 54,069 56,736
Comprehensive income attributable to shareholders $ 20,657 $ 22,964 $ 54,069 $ 56,736
Basic earnings per share [1] $ 1.30 $ 1.20 $ 3.41 $ 2.83
Diluted earnings per share [1] $ 1.25 $ 1.19 $ 3.31 $ 2.81
Basic weighted average number of common shares outstanding 15,869 19,101 15,865 20,029
Diluted weighted average number of common and common equivalent shares outstanding 16,479 19,232 16,353 20,191
Sales of VOIs [Member]        
Revenue:        
Gross sales $ 192,213 $ 185,902 $ 520,758 $ 472,295
Provision for loan losses (32,880) (30,684) (87,451) (73,789)
Total revenues 159,333 155,218 433,307 398,506
Cost Of VOIs [Member]        
Costs and expenses:        
Total costs and expenses 20,184 14,805 52,902 44,868
Fee-Based Sales Commission Revenue [Member]        
Revenue:        
Total revenues 15,694 14,241 41,266 57,174
Other Fee-Based Services Revenue [Member]        
Revenue:        
Total revenues 36,642 34,559 105,987 98,553
Costs and expenses:        
Total costs and expenses 15,022 15,377 46,269 41,732
Cost Reimbursements [Member]        
Revenue:        
Total revenues 23,292 20,719 70,960 54,950
Costs and expenses:        
Total costs and expenses $ 23,292 $ 20,719 $ 70,961 $ 54,951
Class A and B Common Stock [Member]        
Costs and expenses:        
Cash dividend declared per Class A and B common share $ 0.20 $ 0.15 $ 0.60 $ 0.30
[1] Basic and diluted EPS are calculated the same for both Class A and B common shares.

Source