Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Details)

v3.22.2
Segment Reporting (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Segment Reporting Information [Line Items]            
Total revenues $ 212,064   $ 173,424   $ 384,447 $ 300,578
Other income, net     439   473 278
Total revenues 235,570   193,458   430,624 339,712
General and administrative expenses 149,158   114,786   268,457 205,750
Other income (expense), net 68          
Interest income (other than interest earned on VOI notes receivable) 23,506   19,595   45,704 38,856
Interest expense - corporate (10,356)   (8,876)   (18,114) (18,611)
Provision for income taxes 6,171   7,694   12,361 8,883
Net income 21,836 $ 19,208 23,879 $ 5,504 41,043 29,383
Net income attributable to BFC 17,784   19,501   33,771 22,475
General And Adminitrative Expense Of Share-Based Compensation 800   200   1,600 200
Total costs and expenses 207,563   161,885   377,220 301,446
Reportable Segments [Member]            
Segment Reporting Information [Line Items]            
Total revenues 236,610   194,232   432,389 341,825
Segment Adjusted EBITDA [1] 58,288   57,354   114,575 96,715
General and administrative expenses [2] 22,258   19,678   47,558 45,146
Depreciation and amortization (1,846)   (1,630)   (3,678) (3,230)
Other income (expense), net (68)   439   473 278
Interest income (other than interest earned on VOI notes receivable) 132   57   195 190
Interest expense - corporate (6,241)   (4,969)   (10,603) (10,541)
Provision for income taxes (6,171)   (7,694)   (12,361) (8,883)
Net income 21,836   23,879   41,043 29,383
Less: Net income attributable to Non-controlling interests (4,052)   (4,378)   (7,272) (6,908)
Net income attributable to BFC 17,784   19,501   33,771 22,475
Corporate Expenses & Other [Member]            
Segment Reporting Information [Line Items]            
Total revenues 132   496   668 468
Eliminations [Member]            
Segment Reporting Information [Line Items]            
Total revenues (1,172)   (1,270)   (2,433) (2,581)
Sales Of VOIs And Financing [Member] | Reportable Segments [Member]            
Segment Reporting Information [Line Items]            
Total revenues 191,091   151,101   340,683 255,463
Segment Adjusted EBITDA [1] 37,368   38,320   73,105 59,456
Resort Operations And Club Management [Member] | Reportable Segments [Member]            
Segment Reporting Information [Line Items]            
Total revenues 29,351   27,579   57,474 54,202
Segment Adjusted EBITDA [1] 20,920   19,034   41,470 37,259
Sales of VOIs [Member]            
Segment Reporting Information [Line Items]            
Total revenues 144,261   91,812   243,290 147,743
Interest income (other than interest earned on VOI notes receivable) 23,400   19,500   45,500 38,700
Fee-Based Sales Commission Revenue [Member]            
Segment Reporting Information [Line Items]            
Total revenues 18,850   35,618   42,934 61,336
Other Fee-Based Services Revenue [Member]            
Segment Reporting Information [Line Items]            
Total revenues 32,785   30,442   63,991 59,339
Total costs and expenses 13,592   15,647   26,354 32,732
Cost Reimbursements [Member]            
Segment Reporting Information [Line Items]            
Total revenues 16,168   15,552   34,232 32,160
Total costs and expenses 16,168   15,552   34,232 32,160
Cost Reimbursements [Member] | Reportable Segments [Member]            
Segment Reporting Information [Line Items]            
Total revenues $ 16,168   $ 15,552   $ 34,232 $ 32,160
[1] See Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding AdjustedEBITDA, including the definition of Adjusted EBITDA.
[2] Included in general and administrative expenses for the three and six months ended June 30, 2022 is $0.8 million and $1.6 million, respectively, of share-based compensation. There was $0.2 million of share-based compensation expense during the three and six months ended June 30, 2021.