Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations And Comprehensive Income (Loss)

v3.21.2
Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Provision for loan losses $ (18,488) $ (1,846) $ (30,807) $ (32,199)
Total revenues 173,424 48,452 300,578 183,379
Interest income 19,595 19,418 38,856 40,618
Other income, net 439 355 278 525
Total revenues 193,458 68,225 339,712 224,522
Costs and expenses:        
Interest expense 8,876 9,558 18,611 19,456
Selling, general and administrative expenses 114,786 49,820 205,750 160,305
Total costs and expenses 161,885 90,801 301,446 256,114
Income (loss) before income taxes 31,573 (22,576) 38,266 (31,592)
Provision for income taxes (7,694) (2,391) (8,883) (938)
Income (loss) from continuing operations 23,879 (24,967) 29,383 (32,530)
Discontinued operations        
Loss from operations   (8,448)   (36,077)
(Provision) benefit for income taxes   (3,236)   1,141
Net loss from discontinued operations   (11,684)   (34,936)
Net income (loss) 23,879 (36,651) 29,383 (67,466)
Less: Income attributable to noncontrolling interests - continuing operations 4,378 5 6,908 956
Less: Loss attributable to noncontrolling interests - discontinued operations   (856)   (4,312)
Net income (loss) attributable to shareholders 19,501 (35,800) 22,475 (64,110)
Comprehensive income attributable to Bluegreen Vacations Corporation shareholders $ 19,501 $ (35,564) $ 22,475 $ (64,461)
Basic earnings (loss) per share from continuing operations $ 0.93 $ (1.36) $ 1.12 $ (1.83)
Basic loss per share from discontinued operations   (0.59)   (1.67)
Basic earnings (loss) per share 0.93 (1.95) 1.12 (3.50)
Diluted earnings (loss) per share from continuing operations 0.93 (1.36) 1.12 (1.83)
Diluted loss per share from discontinued operations   (0.59)   (1.67)
Diluted earnings (loss) per share $ 0.93 $ (1.95) $ 1.12 $ (3.50)
Basic weighted average number of common shares outstanding 20,912 18,298 20,128 18,298
Diluted weighted average number of common and common equivalent shares outstanding 20,912 18,298 20,128 18,298
Net income (loss) $ 23,879 $ (36,651) $ 29,383 $ (67,466)
Other comprehensive loss, net of tax:        
Foreign currency translation adjustments   195   (355)
Unrealized loss on securities available for sale   41   4
Other comprehensive loss, net   236   (351)
Comprehensive income (loss), net of tax 23,879 (36,415) 29,383 (67,817)
Less: Comprehensive income (loss) attributable to noncontrolling interests 4,378 (851) 6,908 (3,356)
Comprehensive income (loss) attributable to shareholders 19,501 (35,564) 22,475 (64,461)
Gross Sales Of VOIs [Member]        
Revenues:        
Total revenues 110,300 10,900 178,550 86,381
Sales of VOIs [Member]        
Revenues:        
Total revenues 91,812 9,054 147,743 54,182
Interest income     38,700 39,200
Costs and expenses:        
Total costs and expenses 7,024 1,038 12,193 5,137
Fee-Based Sales Commission Revenue [Member]        
Revenues:        
Total revenues 35,618 1,135 61,336 42,500
Other Fee-Based Services Revenue [Member]        
Revenues:        
Total revenues 30,442 26,413 59,339 55,727
Costs and expenses:        
Total costs and expenses 15,647 18,535 32,732 40,246
Cost Reimbursements [Member]        
Revenues:        
Total revenues 15,552 11,850 32,160 30,970
Costs and expenses:        
Total costs and expenses $ 15,552 $ 11,850 $ 32,160 $ 30,970