v3.23.1
Consolidated Statements Of Operations And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue:    
Total revenues $ 189,974 $ 172,383
Interest income [1] 28,834 22,198
Other income, net 265 548
Total revenues 219,073 195,129
Costs and expenses:    
Interest expense 16,469 7,759
Selling, general and administrative expenses 131,438 119,302
Total costs and expenses 199,189 169,731
Income before income taxes 19,884 25,398
Provision for income taxes (4,479) (6,190)
Net income 15,405 19,208
Less: Income attributable to noncontrolling interest 3,906 3,220
Net income attributable to shareholders 11,499 15,988
Comprehensive income attributable to shareholders $ 11,499 $ 15,988
Basic earnings per share [2] $ 0.73 $ 0.77
Diluted earnings per share [2] $ 0.71 $ 0.76
Basic weighted average number of common shares outstanding 15,860 20,778
Diluted weighted average number of common and common equivalent shares outstanding 16,246 20,971
Sales of VOIs [Member]    
Revenue:    
Gross sales $ 148,859 $ 115,607
Provision for loan losses (25,246) (16,579)
Total revenues [3] 123,613 99,028
Cost Of VOIs [Member]    
Costs and expenses:    
Total costs and expenses 15,331 11,841
Fee-Based Sales Commission Revenue [Member]    
Revenue:    
Total revenues [3] 11,691 24,084
Other Fee-Based Services Revenue [Member]    
Revenue:    
Total revenues 33,301 31,207
Costs and expenses:    
Total costs and expenses 14,582 12,765
Cost Reimbursements [Member]    
Revenue:    
Total revenues [4] 21,369 18,064
Costs and expenses:    
Total costs and expenses $ 21,369 $ 18,064
Class A and B Common Stock [Member]    
Costs and expenses:    
Cash dividends declared per Class A and B common shares $ 0.20  
[1] Interest income of $27.9 million and $22.1 million for the three months ended March 31, 2023 and 2022, respectively, are included in the Company’s sales of VOIs and financing segment described in Note 14.
[2] Basic and Diluted EPS are calculated the same for both Class A and B common shares.
[3] Included in the Company’s sales of VOIs and financing segment described in Note 14.
[4] Included in the Company’s resort operations and club management segment described in Note 14.

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