v3.8.0.1
Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Gross sales of VOIs $ 285,796 $ 310,570 $ 301,324
Estimated uncollectible VOI notes receivable (46,134) (44,428) (42,088)
Sales of VOIs 239,662 266,142 259,236
Fee-based sales commission revenue 229,389 201,829 173,659
Other fee-based services revenue 111,819 103,448 97,539
Interest income 86,876 89,510 84,331
Other income, net 312 1,724 2,883
Total revenues 668,058 662,653 617,648
Costs and expenses:      
Cost of VOIs sold 17,439 27,346 22,884
Cost of other fee-based services 68,336 64,479 60,942
Selling, general and administrative expenses 416,970 415,027 373,804
Interest expense 29,977 30,853 35,698
Total costs and expenses 532,722 537,705 493,328
Income before non-controlling interest and provision for income taxes 135,336 124,948 124,320
(Benefit) provision for income taxes (2,974) 40,172 42,311
Net income 138,310 84,776 82,009
Less: Net income attributable to non-controlling interest 12,784 9,825 11,705
Net income attributable to Bluegreen Vacations Corporation Shareholders $ 125,526 $ 74,951 $ 70,304
Earnings per share attributable to Bluegreen Vacation Corporation shareholders - Basic and diluted [1] $ 1.76 [2] $ 1.06 [2] $ 0.99
Weighted average number of common shares:      
Basic and diluted [1] 71,448,186 70,997,732 70,997,732
[1] The calculation of basic and diluted earnings per share were based on shares issued in connection with our initial public offering during November 2017 and give effect to the stock split effected in connection therein as if the stock split is effected January 1, 2015. See Note 1: Organization and Note 15: Earnings Per Share for further discussion.
[2] The calculation of basic and diluted earnings per share were based on shares issued in connection with our initial public offering during November 2017 and give effect to the stock split effected in connection therein as if the stock split was effected January 1, 2016. See Note 1: Organization and Note 15: Earnings Per Share for further discussion.

Source