Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net income $ 68,690 $ 56,700
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 73,789 51,514
Depreciation and amortization 15,576 15,091
Share-based compensation expense 2,398 608
Net losses on disposal of property and equipment 22 43
Increase (Decrease) in deferred income tax liability 13,116 (1,802)
Changes in operating assets and liabilities:    
Notes receivable (149,877) (78,902)
VOI Inventory 8,987 5,560
Prepaid expense and other assets 15,341 (7,852)
Accounts payable, accrued liabilities and other, and deferred income 20,692 45,112
Net cash provided by operating activities 68,734 86,072
Investing activities:    
Purchases of property and equipment (9,459) (11,478)
Net cash used in investing activities (9,459) (11,478)
Financing activities:    
Repayments of notes payable and other borrowings (231,668) (135,964)
Proceeds from notes payable and other borrowings 259,806 91,622
Redemption of junior subordinated debentures   (4,186)
Payments for debt issuance costs (5,802) (447)
Payments of merger transaction costs   (613)
Purchase and retirement of common stock (54,437) (20,872)
Dividends paid on common stock (6,058)  
Net cash used in financing activities (38,159) (70,460)
Net increase in cash and cash equivalents and restricted cash 21,116 4,134
Cash, cash equivalents and restricted cash at beginning of period 183,079 257,104
Cash, cash equivalents and restricted cash at end of period 204,195 261,238
Supplemental cash flow information:    
Interest paid on borrowings, net of amounts capitalized 24,579 23,481
Income taxes paid 5,425 14,175
Supplemental schedule of non-cash investing activities:    
Transfer of property and equipment to inventory 1,501  
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 162,667 216,567
Restricted cash 41,528 44,671
Total cash, cash equivalents, and restricted cash $ 204,195 $ 261,238