Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations And Comprehensive Income

v3.22.2
Consolidated Statements Of Operations And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Total revenues $ 212,064 $ 173,424 $ 384,447 $ 300,578
Interest income 23,506 19,595 45,704 38,856
Other income, net   439 473 278
Total revenues 235,570 193,458 430,624 339,712
Costs and expenses:        
Interest expense - corporate 10,356 8,876 18,114 18,611
Selling, general and administrative expenses 149,158 114,786 268,457 205,750
Other income (expense), net 68      
Total costs and expenses 207,563 161,885 377,220 301,446
Income before income taxes 28,007 31,573 53,404 38,266
Provision for income taxes (6,171) (7,694) (12,361) (8,883)
Net income 21,836 23,879 41,043 29,383
Less: Income attributable to noncontrolling interests 4,052 4,378 7,272 6,908
Net income attributable to shareholders 17,784 19,501 33,771 22,475
Other comprehensive income (loss), net of tax:        
Comprehensive income attributable to shareholders $ 17,784 $ 19,501 $ 33,771 $ 22,475
Basic earnings per shares [1] $ 0.88 $ 0.93 $ 1.65 $ 1.12
Diluted earnings per share [1] $ 0.87 $ 0.93 $ 1.63 $ 1.12
Weighted average number of common shares outstanding:        
Basic weighted average number of common shares outstanding 20,226 20,912 20,500 20,128
Diluted weighted average number of common and common equivalent shares outstanding 20,389 20,912 20,678 20,128
Sales of VOIs [Member]        
Revenue:        
Gross sales $ 170,787 $ 110,300 $ 286,395 $ 178,550
Provision for loan losses (26,526) (18,488) (43,105) (30,807)
Total revenues 144,261 91,812 243,290 147,743
Interest income 23,400 19,500 45,500 38,700
Cost Of VOIs [Member]        
Costs and expenses:        
Total costs and expenses 18,221 7,024 30,063 12,193
Fee-Based Sales Commission Revenue [Member]        
Revenue:        
Total revenues 18,850 35,618 42,934 61,336
Other Fee-Based Services Revenue [Member]        
Revenue:        
Total revenues 32,785 30,442 63,991 59,339
Costs and expenses:        
Total costs and expenses 13,592 15,647 26,354 32,732
Cost Reimbursements [Member]        
Revenue:        
Total revenues 16,168 15,552 34,232 32,160
Costs and expenses:        
Total costs and expenses $ 16,168 $ 15,552 $ 34,232 $ 32,160
Class A and B Common Shares [Member]        
Other comprehensive income (loss), net of tax:        
Cash dividends declared per Class A and B common shares $ 0.15   $ 0.15  
[1] Basic and Diluted EPS are calculated the same for both Class A and B common shares.