The table below sets forth our segment information for the three months ended September 30, 2018 (in thousands):



Revenues:	Sales of VOIs and financing		Resort operations and club management		Corporate and other		Elimination		Total

Sales of VOIs	$	70,698	$	—	$	—	$	—	$	70,698
Fee-based sales commission revenue		61,641		—		—		—		61,641
Other fee-based services revenue		3,491		27,566		—		—		31,057
Cost reimbursements		—		16,900		—		—		16,900
Mortgage servicing revenue		1,454		—		—		(1,454)		—
Interest income		20,009		—		1,522		—		21,531
Other income, net		—		—		378		—		378
Total revenues		157,293		44,466		1,900		(1,454)		202,205

Costs and expenses:

Cost of VOIs sold		11,237		—		—		—		11,237
Net carrying cost of VOI inventory		2,908		—		—		(2,908)		—
Cost of other fee-based services		1,227		15,802		—		2,908		19,937
Cost reimbursements		—		16,900		—		—		16,900
Selling, general and administrative expenses		92,180		—		20,262		(35)		112,407
Mortgage servicing expense		1,419		—		—		(1,419)		—
Interest expense		5,001		—		4,207		—		9,208
Total costs and expenses		113,972		32,702		24,469		(1,454)		169,689
Income (loss) before non-controlling interest and provision for income taxes	$	43,321	$	11,764	$	(22,569)	$	—	$	32,516

Add: Depreciation and amortization		1,606		450
Segment Adjusted EBITDA (1)	$	44,927	$	12,214

(1)

See Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA, including how we define Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income.

The table below sets forth our segment information for the three months ended September 30, 2017 (in thousands):



Revenues:	Sales of VOIs and financing		Resort operations and club management		Corporate and other		Elimination		Total * As Adjusted

Sales of VOIs	$	62,453	$	—	$	—	$	—	$	62,453
Fee-based sales commission revenue		69,977		—		—		—		69,977
Other fee-based services revenue		2,373		25,013		—		—		27,386
Cost reimbursements		—		14,097		—		—		14,097
Mortgage servicing revenue		1,366		—		—		(1,366)		—
Interest income		19,908		—		1,388		—		21,296
Total revenues		156,077		39,110		1,388		(1,366)		195,209

Costs and expenses:

Cost of VOIs sold		6,444		—		—		—		6,444
Net carrying cost of VOI inventory		837		—		—		(837)		—
Cost of other fee-based services		1,252		15,093		—		837		17,182
Cost reimbursements		—		14,097		—		—		14,097
Selling, general and administrative expenses		97,578		—		17,363		(7)		114,934
Mortgage servicing expense		1,359		—		—		(1,359)		—
Interest expense		4,514		—		3,544		—		8,058
Other expense, net		—		—		119		—		119
Total costs and expenses		111,984		29,190		21,026		(1,366)		160,834
Income (loss) before non-controlling interest and provision for income taxes	$	44,093	$	9,920	$	(19,638)	$	—	$	34,375

Add: Depreciation and amortization		1,586		374
Add: Restructuring Costs		3,087		—
Segment Adjusted EBITDA (1)	$	48,766	$	10,294

* See Note 2 for summary of adjustments.

(1)

The table below sets forth our segment information for the nine months ended September 30, 2018 (in thousands):


Revenues:	Sales of VOIs and financing		Resort operations and club management		Corporate and other		Elimination		Total

Sales of VOIs	$	195,412	$	—	$	—	$	—	$	195,412
Fee-based sales commission revenue		167,581		—		—		—		167,581
Other fee-based services revenue		9,355		80,117		—		—		89,472
Cost reimbursements		—		47,157		—		—		47,157
Mortgage servicing revenue		4,369		—		—		(4,369)		—
Interest income		59,281		—		4,490		—		63,771
Other income, net		—		—		1,269		—		1,269
Total revenues		435,998		127,274		5,759		(4,369)		564,662

Costs and expenses:

Cost of VOIs sold		19,838		—		—		—		19,838
Net carrying cost of VOI inventory		7,075		—		—		(7,075)		—
Cost of other fee-based services		3,584		43,324		—		7,075		53,983
Cost reimbursements		—		47,157		—		—		47,157
Selling, general and administrative expenses		254,830		—		60,723		(18)		315,535
Mortgage servicing expense		4,351		—		—		(4,351)		—
Interest expense		14,334		—		11,136		—		25,470
Total costs and expenses		304,012		90,481		71,859		(4,369)		461,983
Income (loss) before non-controlling interest and provision for income taxes	$	131,986	$	36,793	$	(66,100)	$	—	$	102,679

Add: Depreciation and amortization		4,922		1,248
Segment Adjusted EBITDA (1)	$	136,908	$	38,041

(1)

The table below sets forth our segment information for the nine months ended September 30, 2017 (in thousands):


Revenues:	Sales of VOIs and financing		Resort operations and club management		Corporate and other		Elimination		Total * As Adjusted

Sales of VOIs	$	176,094	$	—	$	—	$	—	$	176,094
Fee-based sales commission revenue		179,046		—		—		—		179,046
Other fee-based services revenue		10,927		72,515		—		—		83,442
Cost reimbursements		—		40,660		—		—		40,660
Mortgage servicing revenue		3,783		—		—		(3,783)		—
Interest income		59,929		—		5,744		—		65,673
Total revenues		429,779		113,175		5,744		(3,783)		544,915

Costs and expenses:

Cost of VOIs sold		11,352		—		—		—		11,352
Net carrying cost of VOI inventory		3,219		—		—		(3,219)		—
Cost of other fee-based services		3,678		41,766		—		3,219		48,663
Cost reimbursements		—		40,660		—		—		40,660
Selling, general and administrative expenses		264,601		—		47,323		333		312,257
Mortgage servicing expense		4,116		—		—		(4,116)		—
Interest expense		13,364		—		10,415		—		23,779
Other expense, net		—		—		120		—		120
Total costs and expenses		300,330		82,426		57,858		(3,783)		436,831
Income (loss) before non-controlling interest and provision for income taxes	$	129,449	$	30,749	$	(52,114)	$	—	$	108,084

Add: Depreciation and amortization		4,600		1,179
Add: Restructuring Costs		3,087		—
Segment Adjusted EBITDA (1)	$	137,136	$	31,928

* See Note 2 for summary of adjustments.

(1)