Condensed Consolidated Statements of Operations (UNAUDITED) - USD ($)		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Revenues
Sales of VOIs, net		$ 78,000,000	$ 118,000,000
Sales, marketing, brand and other fees		125,000,000	130,000,000
Financing		38,000,000	35,000,000
Resort and club management		39,000,000	36,000,000
Rental and ancillary services		51,000,000	46,000,000
Cost reimbursements		36,000,000	34,000,000
Total revenues		367,000,000	399,000,000
Expenses
Cost of VOI sales		19,000,000	33,000,000
Sales and marketing		161,000,000	152,000,000
Financing		11,000,000	10,000,000
Resort and club management		11,000,000	10,000,000
Rental and ancillary services		28,000,000	27,000,000
General and administrative		23,000,000	23,000,000
Depreciation and amortization		8,000,000	7,000,000
License fee expense		23,000,000	20,000,000
Cost reimbursements		36,000,000	34,000,000
Total operating expenses		320,000,000	316,000,000
Interest expense		(7,000,000)	(7,000,000)
Equity in earnings from unconsolidated affiliates		1,000,000	0
Other loss, net		(1,000,000)	0
Income before income taxes		40,000,000	76,000,000
Income tax expense		(10,000,000)	(26,000,000)
Net income	[1]	$ 30,170,029	$ 50,212,615
Earnings per share:
Basic		$ 0.31	$ 0.51
Diluted		$ 0.30	$ 0.51

[1] Net income for the three months ended March 31, 2018 and 2017 was $30,170,029 and $50,212,615, respectively.