Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations And Comprehensive Income

v3.10.0.1
Condensed Consolidated Statements Of Operations And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Total revenues $ 243,226 $ 217,666 [1] $ 461,268 $ 403,100 [1]
Costs and Expenses        
Cost of VOIs sold 6,789 1,749 [1] 8,601 4,908 [1]
Cost of other fee-based services 16,634 15,374 [1] 34,045 31,481 [1]
Cost reimbursements 14,059 11,893 [1] 30,260 26,563 [1]
Cost of trade sales 31,655 22,299 [1] 59,091 41,895 [1]
Cost of real estate inventory sold 2,381   6,628  
Interest expense 10,403 9,273 [1] 19,594 18,097 [1]
Recoveries from loan losses, net (1,981) (999) [1] (6,794) (4,093) [1]
Asset impairments, net 104 58 [1] 336 45 [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 141,563 135,410 [1] 266,918 248,716 [1]
Total costs and expenses 221,607 195,057 [1] 418,679 351,077 [1]
Equity in net (losses) earnings of unconsolidated real estate joint ventures (488) 3,087 [1] 792 6,323 [1]
Foreign exchange (loss) gain (37) (398) [1] 15 (207) [1]
Income before income taxes 21,094 25,298 [1] 43,396 58,139 [1]
Provision for income taxes (8,655) (9,131) [1] (15,255) (21,895) [1]
Net income 12,439 16,167 [1] 28,141 36,244 [1]
Less: Net income attributable to noncontrolling interests 5,958 3,453 [1] 10,518 6,090 [1]
Net income attributable to shareholders $ 6,481 $ 12,714 [1] $ 17,623 $ 30,154 [1]
Basic earnings per share $ 0.07 $ 0.13 [1] $ 0.18 $ 0.31 [1]
Diluted earnings per share $ 0.07 $ 0.12 [1] $ 0.18 $ 0.28 [1]
Basic weighted average number of common shares outstanding 94,390 98,240 [1] 97,007 98,579 [1]
Diluted weighted average number of common and common equivalent shares outstanding 97,779 106,173 [1] 100,194 106,061 [1]
Other comprehensive income, net of tax:        
Unrealized gains on securities available for sale [1]   $ 23   $ 46
Foreign currency translation adjustments $ 24 138 [1] $ (4) (117) [1]
Other comprehensive income (loss), net 24 161 [1] (4) (71) [1]
Comprehensive income, net of tax 12,463 16,328 [1] 28,137 36,173 [1]
Less: Comprehensive income attributable to noncontrolling interests 5,958 3,453 [1] 10,518 6,090 [1]
Comprehensive income attributable to shareholders $ 6,505 $ 12,875 [1] $ 17,619 $ 30,083 [1]
Class A Common Stock [Member]        
Costs and Expenses        
Cash dividends declared per common share $ 0.010 $ 0.0075 [1] $ 0.020 $ 0.0150 [1]
Class B Common Stock [Member]        
Costs and Expenses        
Cash dividends declared per common share $ 0.010 $ 0.0075 [1] $ 0.020 $ 0.0150 [1]
Sales Of VOIs [Member]        
Revenues        
Total revenues $ 68,573 $ 59,405 [1] $ 124,714 $ 113,641 [1]
Fee-Based Sales Commissions [Member]        
Revenues        
Total revenues 60,086 63,915 [1] 105,940 109,069 [1]
Other Fee-Based Services [Member]        
Revenues        
Total revenues 30,391 29,935 [1] 58,415 56,056 [1]
Cost Reimbursements [Member]        
Revenues        
Total revenues 14,059 11,893 [1] 30,260 26,563 [1]
Trade Sales [Member]        
Revenues        
Total revenues 43,908 28,313 [1] 82,286 51,652 [1]
Sales Of Real Estate Inventory [Member]        
Revenues        
Total revenues 3,250   9,659  
Interest Income [Member]        
Revenues        
Total revenues 20,664 20,875 [1] 42,581 42,030 [1]
Net Gains On Sales Of Real Estate Assets [Member]        
Revenues        
Total revenues 733 1,884 [1] 4,802 1,686 [1]
Other Revenue [Member]        
Revenues        
Total revenues $ 1,562 $ 1,446 [1] $ 2,611 $ 2,403 [1]
[1] See Note 1 for a summary of adjustments.