Condensed Consolidated Statements of Operations (UNAUDITED) - USD ($)		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Revenues
Total revenues		$ 450,000,000	$ 367,000,000
Expenses
General and administrative		25,000,000	23,000,000
Depreciation and amortization		10,000,000	8,000,000
Total operating expenses		365,000,000	320,000,000
Interest expense		(10,000,000)	(7,000,000)
Equity in earnings from unconsolidated affiliates		1,000,000	1,000,000
Other loss, net		(1,000,000)	(1,000,000)
Income before income taxes		75,000,000	40,000,000
Income tax expense		(20,000,000)	(10,000,000)
Net income	[1]	$ 55,067,801	$ 30,170,029
Earnings per share:
Basic		$ 0.59	$ 0.31
Diluted		$ 0.58	$ 0.30
Sales of VOIs, Net
Revenues
Total revenues		$ 125,000,000	$ 78,000,000
Sales, Marketing, Brand and Other Fees
Revenues
Total revenues		141,000,000	125,000,000
Financing
Revenues
Total revenues		41,000,000	38,000,000
Expenses
Expenses		13,000,000	11,000,000
Resort and Club Management
Revenues
Total revenues		42,000,000	39,000,000
Expenses
Expenses		11,000,000	11,000,000
Rental and Ancillary Services
Revenues
Total revenues		59,000,000	51,000,000
Expenses
Expenses		35,000,000	28,000,000
Cost Reimbursements
Revenues
Total revenues		42,000,000	36,000,000
Expenses
Expenses		42,000,000	36,000,000
Cost of VOI Sales
Expenses
Expenses		36,000,000	19,000,000
Sales and Marketing
Expenses
Expenses		170,000,000	161,000,000
License Fee Expense
Expenses
Expenses		$ 23,000,000	$ 23,000,000

[1] Net income for the three months ended March 31, 2019 and 2018 was $55,067,801 and $30,170,029, respectively.