v3.19.3
Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenue $ 205,878 $ 202,205 $ 570,296 $ 564,662
Costs and expenses:        
Cost of VOIs sold 3,121 11,237 17,541 19,838
Cost of other fee-based services 23,746 19,937 66,538 53,983
Cost reimbursements 21,111 16,900 58,705 47,157
Selling, general and administrative expenses 117,159 112,407 355,041 315,535
Interest expense 10,388 9,208 29,955 25,470
Total costs and expenses 175,525 169,689 527,780 461,983
Income before non-controlling interest and provision for income taxes 30,353 32,516 42,516 102,679
Provision for income taxes 7,778 8,443 9,124 24,997
Net income 22,575 24,073 33,392 77,682
Less: Net income attributable to non-controlling interest 2,248 3,585 9,095 9,509
Net income attributable to Bluegreen Vacations Corporation shareholders 20,327 20,488 24,297 68,173
Comprehensive income attributable to Bluegreen Vacations Corporation Shareholders $ 20,327 $ 20,488 $ 24,297 $ 68,173
Earnings per share attributable to Bluegreen Vacation Corporation shareholders - Basic and diluted $ 0.27 $ 0.27 $ 0.33 $ 0.91
Weighted average number of common shares outstanding:        
Basic and diluted 74,446 74,734 74,446 74,734
Cash dividends declared per share $ 0.17 $ 0.15 $ 0.51 $ 0.45
Gross Sales Of VOIs [Member]        
Revenues:        
Total revenue $ 82,729 $ 85,151 $ 225,834 $ 231,338
Estimated Uncollectible VOI Notes Receivable [Member]        
Revenues:        
Total revenue (16,411) (14,453) (39,483) (35,926)
Sales of VOIs [Member]        
Revenues:        
Total revenue [1] 66,318 70,698 186,351 195,412
Fee-Based Sales Commission Revenue [Member]        
Revenues:        
Total revenue [2] 60,478 61,641 161,033 167,581
Other Fee-Based Services Revenue [Member]        
Revenues:        
Total revenue 33,744 31,057 94,015 89,472
Cost Reimbursements [Member]        
Revenues:        
Total revenue [2] 21,111 16,900 58,705 47,157
Interest Income [Member]        
Revenues:        
Total revenue [1] 22,081 21,531 65,964 63,771
Other Income, Net [Member]        
Revenues:        
Total revenue $ 2,146 $ 378 $ 4,228 $ 1,269
[1] Included in our sales of VOIs and financing segment described in Note 13: Segment Reporting.
[2] Included in our resort operations and club management segment described in Note 13: Segment Reporting.

Source