v3.20.2
Condensed Consolidated Statements Of Operations And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Revenue from customers $ 124,899 $ 178,423 $ 308,278 $ 490,332
Interest income 19,346 21,586 59,963 63,969
Other revenue   28   70
Total revenues 144,245 200,037 368,241 554,371
Costs and Expenses        
Interest expense 7,968 11,754 27,668 34,270
Selling, general and administrative expenses 120,933 130,032 281,237 394,280
Total costs and expenses 169,043 185,662 425,400 558,937
Other (expense) income (339) 2,204 186 4,364
(Loss) income before income taxes (25,137) 16,579 (56,973) (202)
Provision for income taxes (201) (8,152) (441) (4,658)
Net (loss) income from continuing operations (25,338) 8,427 (57,414) (4,860)
Discontinued operations        
(Loss) income from operations (5,759) 24,603 (41,593) 38,785
Benefit (provision) for income taxes 8,623 (6,530) 9,067 (10,411)
Net income (loss) from discontinued operations 2,864 18,073 (32,526) 28,374
Net (loss) income (22,474) 26,500 (89,940) 23,514
Less: Income attributable to noncontrolling interests - continuing operations 3,357 4,210 4,314 11,441
Less: (Loss) attributable to noncontrolling interests - discontinued operations (509) (98) (4,822) (166)
Net (loss) income attributable to shareholders $ (25,322) $ 22,388 $ (89,432) $ 12,239
Basic (loss) earnings per share from continuing operations $ (1.53) $ 0.23 $ (3.35) $ (0.88)
Basic earnings (loss) per share from discontinued operations 0.18 0.98 (1.50) 1.53
Basic (loss) earnings per share (1.35) 1.21 (4.85) 0.65
Diluted (loss) earnings per share from continuing operations (1.53) 0.22 (3.35) (0.88)
Diluted earnings (loss) per share from discontinued operations 0.18 0.97 (1.50) 1.53
Diluted (loss) earnings per share $ (1.35) $ 1.19 $ (4.85) $ 0.65
Basic weighted average number of common shares outstanding 18,731 18,518 18,442 18,601
Diluted weighted average number of common and common equivalent shares outstanding 18,731 18,812 18,442 18,601
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments $ 15 $ (75) $ 19 $ 151
Unrealized gain on securities available for sale 157 16 (198) 54
Other comprehensive income (loss), net 172 (59) (179) 205
Comprehensive (loss) income, net of tax (22,302) 26,441 (90,119) 23,719
Less: Comprehensive income (loss) attributable to noncontrolling interests 2,848 4,112 (508) 11,275
Comprehensive loss attributable to shareholders (25,150) $ 22,329 (89,611) $ 12,444
Class A Common Stock [Member]        
Discontinued operations        
Cash dividends declared per common share   $ 0.0625   $ 0.1875
Class B Common Stock [Member]        
Discontinued operations        
Cash dividends declared per common share   $ 0.0625   $ 0.1875
Sales Of VOIs [Member]        
Revenues        
Revenue from customers 59,265 $ 66,318 113,447 $ 186,351
Costs and Expenses        
Total costs 3,597 3,121 8,734 17,541
Fee-Based Sales Commissions [Member]        
Revenues        
Revenue from customers 22,119 60,478 64,619 161,033
Other Fee-Based Services [Member]        
Revenues        
Revenue from customers 27,831 33,744 83,558 94,015
Costs and Expenses        
Total costs 20,861 22,872 61,107 63,913
Cost Reimbursements [Member]        
Revenues        
Revenue from customers 15,684 17,883 46,654 48,933
Costs and Expenses        
Total costs 15,684 17,883 46,654 48,933
Other [Member]        
Revenues        
Revenue from customers $ 2,096 $ 2,290 $ 4,498 $ 5,754

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