Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Financial Condition

v3.19.1
Condensed Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
[1]
ASSETS    
Cash and cash equivalents $ 296,317 $ 366,305
Restricted cash ($20,714 in 2019 and $28,400 in 2018 in variable interest entities ("VIEs")) 45,357 54,792
Notes receivable, net ($318,111 in 2019 and $341,975 in 2018 in VIEs) 435,629 439,167
Trade inventory 20,723 20,110
Vacation ownership interest ("VOI") inventory 342,386 334,149
Real estate ($19,766 in 2019 and $20,202 in 2018 held for sale) 53,616 54,956
Investments in unconsolidated real estate joint ventures 67,382 64,738
Property and equipment, net 143,391 139,628
Goodwill 37,248 37,248
Intangible assets, net 69,182 69,710
Operating lease assets 113,536  
Other assets 135,909 124,217
Total assets 1,760,676 1,705,020
Liabilities:    
Accounts payable 24,808 29,537
Deferred income 17,051 16,522
Escrow deposits 20,395 22,255
Other liabilities 91,159 104,441
Receivable-backed notes payable - recourse 74,744 76,674
Receivable-backed notes payable - non-recourse (in VIEs) 363,183 382,257
Notes payable and other borrowings 169,041 200,887
Junior subordinated debentures 136,623 136,425
Operating lease liabilities 124,472  
Deferred income taxes 86,576 86,363
Redeemable 5% cumulative preferred stock of $.01 par value; authorized 15,000 shares; issued and outstanding 10,000 shares in 2019 and 2018 with a stated value of $1,000 per share 9,556 9,472
Total liabilities 1,117,608 1,064,833
Commitments and contingencies (See Note 11)
Redeemable noncontrolling interest 2,077 2,579
Equity:    
Preferred stock of $.01 par value; authorized 10,000,000 shares
Additional paid-in capital 164,733 161,684
Accumulated earnings 383,855 385,789
Accumulated other comprehensive income 1,344 1,215
Total shareholders' equity 550,864 549,620
Noncontrolling interests 90,127 87,988
Total equity 640,991 637,608
Total liabilities and equity 1,760,676 1,705,020
Class A Common Stock [Member]    
Equity:    
Common stock 784 784
Class B Common Stock [Member]    
Equity:    
Common stock $ 148 $ 148
[1] See Note 1 for a summary of adjustments.