XML 42 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Significant Accounting Policies (Expected Impacts To Reported Results) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Dec. 31, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Notes receivable, net $ 429,647   $ 429,647   $ 426,858 [1] $ 425,800
Deferred income 14,442   14,442   16,893 [1] 19,522
Deferred income taxes 91,181   91,181   88,966 [1] 130,989
Total shareholder's equity 464,843   464,843   433,654 [1] 298,311
Revenues 194,937 $ 187,383 [1] 362,460 $ 349,705 [1]    
Cost reimbursements 14,059 11,893 [1] 30,260 26,563 [1] 52,639 49,557
Cost of VOIs sold 6,789 1,749 [1] 8,601 4,908 [1] 17,679 28,829
Selling, general and administrative expenses 109,580 107,488 [1] 203,129 197,323 [1] 421,199 419,929
Income before non-controlling interest and provision for income taxes 39,380 42,802 [1] 70,163 73,709 [1] 136,998 129,624
Provision (benefit) for income taxes 9,353 15,292 [1] 16,554 25,903 [1] (2,345) 41,620
Net income 30,027 27,510 [1] 53,609 47,806 [1] 139,343 88,004
Less: Net income attributable to non-controlling interest 3,317 3,520 [1] 5,924 6,167 [1] 12,760 10,125
Net income attributable to Bluegreen Vacations Corporation Shareholders $ 26,710 $ 23,990 [1] $ 47,685 $ 41,639 [1] $ 126,583 $ 77,879
Basic and diluted earnings per share $ 0.36 $ 0.34 [1],[2] $ 0.64 $ 0.59 [1],[2] $ 1.77 $ 1.10
Accounting Standards Update 2014-09 [Member] | As Previously Reported [Member]            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Notes receivable, net         $ 431,801 $ 430,480
Deferred income         36,311 37,015
Deferred income taxes         83,628 126,278
Total shareholder's equity         424,517 290,208
Cost of VOIs sold   $ 1,135   $ 4,453 17,439 27,346
Selling, general and administrative expenses   106,782   196,766 420,746 418,357
Income before non-controlling interest and provision for income taxes   41,413   72,233 135,336 124,948
Provision (benefit) for income taxes   14,798   25,324 (2,974) 40,172
Net income   26,615   46,909 138,310 84,776
Less: Net income attributable to non-controlling interest   3,481   6,288 12,784 9,825
Net income attributable to Bluegreen Vacations Corporation Shareholders   $ 23,134   $ 40,621 $ 125,526 $ 74,951
Basic and diluted earnings per share   $ 0.33   $ 0.57 $ 1.76 $ 1.06
Accounting Standards Update 2014-09 [Member] | New Revenue Standard Adjustment [Member]            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Notes receivable, net         $ (4,943) $ (4,680)
Deferred income         (19,418) (17,493)
Deferred income taxes         5,338 4,711
Total shareholder's equity         9,137 8,103
Cost reimbursements   $ 11,893   $ 26,563 52,639 49,557
Cost of VOIs sold   614   455 240 1,483
Selling, general and administrative expenses   706   557 453 1,572
Income before non-controlling interest and provision for income taxes   1,389   1,476 1,662 4,676
Provision (benefit) for income taxes   494   579 629 1,448
Net income   895   897 1,033 3,228
Less: Net income attributable to non-controlling interest   39   (121) (24) 300
Net income attributable to Bluegreen Vacations Corporation Shareholders   $ 856   $ 1,018 $ 1,057 $ 2,928
Basic and diluted earnings per share   $ 0.01   $ 0.02 $ 0.01 $ 0.04
Sales of VOIs [Member]            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Revenues $ 68,573 $ 59,405 [1] $ 124,714 $ 113,641 [1] $ 242,017 $ 273,874
Sales of VOIs [Member] | Accounting Standards Update 2014-09 [Member] | As Previously Reported [Member]            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Revenues   56,695   111,152 239,662 266,142
Sales of VOIs [Member] | Accounting Standards Update 2014-09 [Member] | New Revenue Standard Adjustment [Member]            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Revenues   2,710   2,489 2,355 7,732
Cost Reimbursements [Member]            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Revenues $ 14,059 11,893 [1] $ 30,260 26,563 [1] 52,639 49,557
Cost Reimbursements [Member] | Accounting Standards Update 2014-09 [Member] | New Revenue Standard Adjustment [Member]            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Revenues   $ 11,893   $ 26,563 $ 52,639 $ 49,557
[1] * See Note 2 for summary of adjustments.
[2] The calculation of basic and diluted earnings per share reflects the stock split effected in connection with our initial public offering during November 2017 as if the stock split was effected on January 1, 2017.