Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Details)

v3.20.1
Segment Reporting (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
USD ($)
segment
Mar. 31, 2019
USD ($)
Dec. 31, 2019
segment
Segment Reporting Information [Line Items]      
Total revenue $ 156,926 $ 165,652  
Cost of VOIs sold 4,099 3,848  
Cost of other fee-based services 22,711 22,868  
Cost reimbursements 19,120 17,044  
Selling, general and administrative expenses 101,197 90,214  
Interest expense 8,818 9,506  
Total costs and expenses 155,945 143,480  
Income before non-controlling interest and provision for income taxes 981 22,172  
Add: Depreciation and amortization $ 4,792 4,486  
Number of reportable segments | segment 2   2
Corporate Expenses & Other [Member]      
Segment Reporting Information [Line Items]      
Total revenue $ 1,851 2,080  
Selling, general and administrative expenses 19,234 18,128  
Interest expense 4,154 4,244  
Total costs and expenses 23,388 22,372  
Income before non-controlling interest and provision for income taxes (21,537) (20,292)  
Eliminations [Member]      
Segment Reporting Information [Line Items]      
Total revenue (1,595) (1,490)  
Net carrying cost of VOI inventory (7,914) (7,687)  
Cost of other fee-based services 7,914 7,687  
Selling, general and administrative expenses (175) (110)  
Mortgage servicing expense (1,420) (1,380)  
Total costs and expenses (1,595) (1,490)  
Sales Of VOIs And Financing [Member] | Reportable Segments [Member]      
Segment Reporting Information [Line Items]      
Total revenue 110,959 121,178  
Cost of VOIs sold 4,099 3,848  
Net carrying cost of VOI inventory 7,914 7,687  
Cost of other fee-based services 1,470 1,210  
Selling, general and administrative expenses 82,138 72,196  
Mortgage servicing expense 1,420 1,380  
Interest expense 4,664 5,262  
Total costs and expenses 101,705 91,583  
Income before non-controlling interest and provision for income taxes 9,254 29,595  
Add: Depreciation and amortization 1,559 1,536  
Add: Severance 2,563    
Segment Adjusted EBITDA [1] 13,376 31,131  
Resort Operations And Club Management [Member] | Reportable Segments [Member]      
Segment Reporting Information [Line Items]      
Total revenue 45,711 43,884  
Cost of other fee-based services 13,327 13,971  
Cost reimbursements 19,120 17,044  
Total costs and expenses 32,447 31,015  
Income before non-controlling interest and provision for income taxes 13,264 12,869  
Add: Depreciation and amortization 190 365  
Add: Severance 1,134    
Segment Adjusted EBITDA [1] 14,588 13,234  
Sales of VOIs [Member]      
Segment Reporting Information [Line Items]      
Total revenue [2] 45,128 51,731  
Sales of VOIs [Member] | Sales Of VOIs And Financing [Member] | Reportable Segments [Member]      
Segment Reporting Information [Line Items]      
Total revenue 45,128 51,731  
Fee-Based Sales Commission Revenue [Member]      
Segment Reporting Information [Line Items]      
Total revenue [2] 41,365 45,212  
Fee-Based Sales Commission Revenue [Member] | Sales Of VOIs And Financing [Member] | Reportable Segments [Member]      
Segment Reporting Information [Line Items]      
Total revenue 41,365 45,212  
Other Fee-Based Services Revenue [Member]      
Segment Reporting Information [Line Items]      
Total revenue 29,314 29,568  
Other Fee-Based Services Revenue [Member] | Sales Of VOIs And Financing [Member] | Reportable Segments [Member]      
Segment Reporting Information [Line Items]      
Total revenue 2,723 2,728  
Other Fee-Based Services Revenue [Member] | Resort Operations And Club Management [Member] | Reportable Segments [Member]      
Segment Reporting Information [Line Items]      
Total revenue 26,591 26,840  
Cost Reimbursements [Member]      
Segment Reporting Information [Line Items]      
Total revenue [3] 19,120 17,044  
Cost Reimbursements [Member] | Resort Operations And Club Management [Member] | Reportable Segments [Member]      
Segment Reporting Information [Line Items]      
Total revenue 19,120 17,044  
Mortgage Servicing Revenue [Member] | Eliminations [Member]      
Segment Reporting Information [Line Items]      
Total revenue (1,595) (1,490)  
Mortgage Servicing Revenue [Member] | Sales Of VOIs And Financing [Member] | Reportable Segments [Member]      
Segment Reporting Information [Line Items]      
Total revenue 1,595 1,490  
Interest Income [Member]      
Segment Reporting Information [Line Items]      
Total revenue [4] 21,866 22,008  
Interest Income [Member] | Corporate Expenses & Other [Member]      
Segment Reporting Information [Line Items]      
Total revenue 1,718 1,991  
Interest Income [Member] | Sales Of VOIs And Financing [Member] | Reportable Segments [Member]      
Segment Reporting Information [Line Items]      
Total revenue 20,148 20,017  
Other Income, Net [Member]      
Segment Reporting Information [Line Items]      
Total revenue 133 89  
Other Income, Net [Member] | Corporate Expenses & Other [Member]      
Segment Reporting Information [Line Items]      
Total revenue $ 133 $ 89  
[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.
[2] Included in our sales of VOIs and financing segment described in Note 12.
[3] Included in our resort operations and club management segment described in Note 12.(3)
[4] Interest income of $20.1 million and $20.0 million for the three months ended March 31, 2020 and 2019, respectively, is included in our sales of VOIs and financing segment described in Note 12.