Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations And Comprehensive Income

v3.19.1
Condensed Consolidated Statements Of Operations And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Revenue from customers $ 198,310 $ 192,077
Interest income 21,415 21,917 [1]
Net gains on sales of real estate assets 1,332 4,070 [1]
Other revenue 1,343 1,049 [1]
Total revenues 221,057 218,064 [1]
Costs and Expenses    
Interest expense 11,148 9,191 [1]
Recoveries from loan losses, net (961) (4,813) [1]
Impairment losses 618 232 [1]
Selling, general and administrative expenses 121,993 124,898 [1]
Total costs and expenses 214,683 197,094 [1]
Equity in net earnings of unconsolidated real estate joint ventures (17) 1,280 [1]
Foreign exchange gain (loss) 5 52 [1]
Income (loss) before income taxes 6,362 22,302 [1]
(Provision) benefit for income taxes (1,724) (6,600) [1]
Net income 4,638 15,702 [1]
Less: Net income attributable to noncontrolling interests 3,139 4,560 [1]
Net income attributable to shareholders $ 1,499 $ 11,142 [1]
Basic earnings per share $ 0.02 $ 0.11 [1]
Diluted earnings per share $ 0.02 $ 0.11 [1]
Basic weighted average number of common shares outstanding 93,220 99,652 [1]
Diluted weighted average number of common and common equivalent shares outstanding 94,487 102,628 [1]
Other comprehensive income, net of tax:    
Unrealized (losses) gains on securities available for sale $ 28  
Foreign currency translation adjustments 101 $ (28) [1]
Other comprehensive (loss) income, net 129 (28) [1]
Comprehensive income, net of tax 4,767 15,674 [1]
Less: Comprehensive income attributable to noncontrolling interests 3,139 4,560 [1]
Comprehensive income attributable to shareholders $ 1,628 $ 11,114 [1]
Class A Common Stock [Member]    
Costs and Expenses    
Cash dividends declared per common share $ 0.0125 $ 0.010 [1]
Class B Common Stock [Member]    
Costs and Expenses    
Cash dividends declared per common share $ 0.0125 $ 0.010 [1]
Sales Of VOIs [Member]    
Revenues    
Revenue from customers $ 51,731 $ 56,141 [1]
Costs and Expenses    
Total costs 3,848 1,812 [1]
Fee-Based Sales Commissions [Member]    
Revenues    
Revenue from customers 45,212 45,854 [1]
Other Fee-Based Services [Member]    
Revenues    
Revenue from customers 29,568 28,024 [1]
Costs and Expenses    
Total costs 22,868 17,411 [1]
Cost Reimbursements [Member]    
Revenues    
Revenue from customers 20,236 16,200 [1]
Costs and Expenses    
Total costs 20,236 16,200 [1]
Trade Sales [Member]    
Revenues    
Revenue from customers 45,984 38,400 [1]
Costs and Expenses    
Total costs 32,290 27,916 [1]
Sales Of Real Estate Inventory [Member]    
Revenues    
Revenue from customers 4,236 6,409 [1]
Costs and Expenses    
Total costs 2,643 4,247 [1]
Other Revenue [Member]    
Revenues    
Revenue from customers $ 2,747 $ 2,432
[1] See Note 1 for a summary of adjustments.