XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements Of Operations And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Revenue from customers $ 74,334 $ 213,840 $ 256,577 $ 407,615
Interest income 19,499 21,518 40,815 42,933
Net gains (losses) on sales of real estate assets 13 9,664 (34) 10,996
Other revenue 473 671 1,047 1,501
Total revenues 94,319 245,693 298,405 463,045
Costs and Expenses        
Interest expense 9,502 11,661 19,335 22,809
Recoveries from loan losses, net (1,525) (1,424) (5,037) (2,385)
Impairment losses 3,305 2,138 31,588 2,756
Selling, general and administrative expenses 59,327 178,843 187,180 301,711
Total costs and expenses 125,891 265,674 367,682 477,165
Equity in net earnings of unconsolidated real estate joint ventures 145 8,759 696 8,742
Other income 409 2,289 640 2,802
Foreign exchange (loss) gain (6) (29) 272 (24)
Loss before income taxes (31,024) (8,962) (67,669) (2,600)
(Provision) benefit for income taxes (5,627) 1,338 203 (386)
Net income (loss) (36,651) (7,624) (67,466) (2,986)
Less: Net (loss) income attributable to noncontrolling interests (851) 4,024 (3,356) 7,163
Net loss attributable to shareholders $ (35,800) $ (11,648) $ (64,110) $ (10,149)
Basic loss per share $ (1.96) $ (0.62) $ (3.50) $ (0.54)
Diluted loss per share $ (1.96) $ (0.62) $ (3.50) $ (0.54)
Basic weighted average number of common shares outstanding 18,298 18,641 18,298 18,643
Diluted weighted average number of common and common equivalent shares outstanding 18,298 18,641 18,298 18,643
Other comprehensive income (loss), net of tax:        
Unrealized gain on securities available for sale $ 41 $ 10 $ 4 $ 38
Foreign currency translation adjustments 195 125 (355) 226
Other comprehensive income (loss), net 236 135 (351) 264
Comprehensive loss, net of tax (36,415) (7,489) (67,817) (2,722)
Less: Comprehensive (loss) income attributable to noncontrolling interests (851) 4,024 (3,356) 7,163
Comprehensive loss attributable to shareholders (35,564) $ (11,513) (64,461) $ (9,885)
Class A Common Stock [Member]        
Costs and Expenses        
Cash dividends declared per common share   $ 0.0625   $ 0.1250
Class B Common Stock [Member]        
Costs and Expenses        
Cash dividends declared per common share   $ 0.0625   $ 0.1250
Sales Of VOIs [Member]        
Revenues        
Revenue from customers 9,054 $ 68,302 54,182 $ 120,033
Costs and Expenses        
Total costs 1,038 10,572 5,137 14,420
Fee-Based Sales Commissions [Member]        
Revenues        
Revenue from customers 1,135 55,343 42,500 100,555
Other Fee-Based Services [Member]        
Revenues        
Revenue from customers 26,413 30,703 55,727 60,271
Costs and Expenses        
Total costs 18,535 19,049 40,246 41,042
Cost Reimbursements [Member]        
Revenues        
Revenue from customers 11,850 14,007 30,970 31,051
Costs and Expenses        
Total costs 11,850 14,007 30,970 31,051
Trade Sales [Member]        
Revenues        
Revenue from customers 23,043 45,061 63,920 91,045
Costs and Expenses        
Total costs 22,385 30,828 52,157 63,118
Sales Of Real Estate Inventory [Member]        
Revenues        
Revenue from customers 2,839 424 9,278 4,660
Costs and Expenses        
Total costs 1,474   6,106 2,643
Other [Member]        
Revenues        
Revenue from customers $ 840 $ 2,060 $ 2,402 $ 3,464