Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations And Comprehensive Income

v3.8.0.1
Condensed Consolidated Statements Of Operations And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Total revenues $ 218,042 $ 185,434 [1]
Costs and Expenses    
Cost of VOIs sold 1,812 3,159 [1]
Cost of other fee-based services 17,411 16,107 [1]
Cost reimbursements 16,200 14,670 [1]
Cost of trade sales 27,436 19,596 [1]
Costs of real estate inventory sold 4,247  
Interest expense 9,191 8,824 [1]
Recoveries from loan losses, net (4,813) (3,094) [1]
Asset impairments (recoveries), net 232 (13) [1]
Net gains on cancellation of junior subordinated debentures [1]   (6,929)
Reimbursements of litigation costs and penalty [1]   (9,606)
Selling, general and administrative expenses 125,356 113,306 [1]
Total costs and expenses 197,072 156,020 [1]
Equity in net earnings of unconsolidated real estate joint ventures 1,280 3,236 [1]
Foreign exchange gain 52 191 [1]
Income before income taxes 22,302 32,841 [1]
Provision for income taxes (6,600) (12,764) [1]
Net income 15,702 20,077 [1]
Less: Net income attributable to noncontrolling interests 4,560 2,637 [1]
Net income attributable to shareholders $ 11,142 $ 17,440 [1]
Basic earnings per share $ 0.11 $ 0.18 [1]
Diluted earnings per share $ 0.11 $ 0.16 [1]
Basic weighted average number of common shares outstanding 99,652 98,921 [1]
Diluted weighted average number of common and common equivalent shares outstanding 102,628 105,866 [1]
Other comprehensive income, net of tax:    
Unrealized gains on securities available for sale [1]   $ 23
Foreign currency translation adjustments $ (28) (255) [1]
Other comprehensive income, net (28) (232) [1]
Comprehensive income, net of tax 15,674 19,845 [1]
Less: Comprehensive income attributable to noncontrolling interests 4,560 2,637 [1]
Comprehensive income attributable to shareholders $ 11,114 $ 17,208 [1]
Class A Common Stock [Member]    
Costs and Expenses    
Cash dividends declared per common share $ 0.010 $ 0.0075 [1]
Class B Common Stock [Member]    
Costs and Expenses    
Cash dividends declared per common share $ 0.010 $ 0.0075 [1]
Sales Of VOIs [Member]    
Revenues    
Total revenues $ 56,141 $ 54,236 [1]
Fee-Based Sales Commissions [Member]    
Revenues    
Total revenues 45,854 45,154 [1]
Other Fee-Based Services [Member]    
Revenues    
Total revenues 28,024 26,121 [1]
Cost Reimbursements [Member]    
Revenues    
Total revenues 16,200 14,670 [1]
Trade Sales [Member]    
Revenues    
Total revenues 38,378 23,339 [1]
Sales Of Real Estate Inventory [Member]    
Revenues    
Total revenues 6,409  
Interest Income [Member]    
Revenues    
Total revenues 21,917 21,155 [1]
Net Gains (Loss) On Sales Of Assets [Member]    
Revenues    
Total revenues 4,070 (198) [1]
Other Revenue [Member]    
Revenues    
Total revenues $ 1,049 $ 957 [1]
[1] See Note 1 for a summary of adjustments.