v3.22.1
Consolidated Statements Of Operations And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Total revenues $ 172,383 $ 127,154
Interest income 22,198 19,261
Other income, net 548  
Total revenues 195,129 146,415
Costs and expenses:    
Interest expense - corporate 7,759 9,735
Selling, general and administrative expenses 119,302 90,964
Other income (expense), net   161
Total costs and expenses 169,731 139,722
Income before income taxes 25,398 6,693
Provision for income taxes (6,190) (1,189)
Net income 19,208 5,504
Less: Income attributable to noncontrolling interests 3,220 2,530
Net income attributable to shareholders 15,988 2,974
Other comprehensive income (loss), net of tax:    
Comprehensive income attributable to shareholders $ 15,988 $ 2,974
Basic earnings per shares [1] $ 0.77 $ 0.15
Diluted earnings per share [1] $ 0.76 $ 0.15
Weighted average number of common shares outstanding:    
Basic weighted average number of common shares outstanding 20,778 19,318
Diluted weighted average number of common and common equivalent shares outstanding 20,971 19,318
Sales of VOIs [Member]    
Revenue:    
Gross sales $ 115,607 $ 68,250
Provision for loan losses (16,579) (12,319)
Total revenues 99,028 55,931
Interest income 22,100 19,100
Cost Of VOIs [Member]    
Costs and expenses:    
Total costs and expenses 11,841 5,169
Fee-Based Sales Commission Revenue [Member]    
Revenue:    
Total revenues 24,084 25,718
Other Fee-Based Services Revenue [Member]    
Revenue:    
Total revenues 31,207 28,897
Costs and expenses:    
Total costs and expenses 12,765 17,085
Cost Reimbursements [Member]    
Revenue:    
Total revenues 18,064 16,608
Costs and expenses:    
Total costs and expenses $ 18,064 $ 16,608
[1] Basic and Diluted EPS are calculated the same for both Class A and B common shares.

Source