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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Service and membership related $ 126.0 $ 112.0
Sales of vacation ownership products, net 110.0 9.0
Rental and ancillary services 107.0 26.0
Consumer financing 21.0 2.0
Cost reimbursements 88.0 37.0
Total revenues 452.0 186.0
Operating costs and expenses:    
Cost of service and membership related sales 32.0 24.0
Cost of vacation ownership product sales 27.0 6.0
Cost of sales of rental and ancillary services 78.0 14.0
Cost of consumer financing 6.0  
Cost reimbursements 88.0 37.0
Royalty fee expense 10.0 2.0
Selling and marketing expense 73.0 17.0
General and administrative expense 54.0 38.0
Amortization expense of intangibles 5.0 3.0
Depreciation expense 15.0 5.0
Total operating costs and expenses 388.0 146.0
Operating income 64.0 40.0
Other income (expense):    
Interest expense (5.0) (6.0)
Other income, net 10.0 1.0
Equity in earnings from unconsolidated entities 1.0 1.0
Total other income (expense), net 6.0 (4.0)
Earnings before income taxes and noncontrolling interests 70.0 36.0
Income tax provision (25.0) (13.0)
Net income 45.0 23.0
Net income attributable to noncontrolling interests (1.0) (1.0)
Net income attributable to common stockholders $ 44.0 $ 22.0
Earnings per share attributable to common stockholders:    
Basic (in dollars per share) $ 0.36 $ 0.38
Diluted (in dollars per share) $ 0.35 $ 0.38
Weighted average number of shares of common stock outstanding (in 000's):    
Basic (in shares) 123,998 57,619
Diluted (in shares) 125,582 57,954
Dividends declared per share of common stock (in dollars per share) $ 0.15 $ 0.12