v3.20.2
Consolidated Statements Of Operations And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total revenue $ 144,571 $ 202,650 $ 369,965 $ 560,524
Costs and expenses:        
Cost of VOIs sold 3,597 3,121 8,734 17,541
Cost of other fee-based services 20,861 22,872 61,107 63,913
Cost reimbursements 15,684 17,883 46,654 48,933
Selling, general and administrative expenses 79,350 118,033 222,427 357,666
Interest expense 7,319 10,388 24,677 29,955
Other expense, net 365      
Total costs and expenses 127,176 172,297 363,599 518,008
Income before non-controlling interest and provision for income taxes 17,395 30,353 6,366 42,516
Provision for income taxes 4,850 7,778 1,073 9,124
Net income 12,545 22,575 5,293 33,392
Less: Net income attributable to non-controlling interest 2,644 2,248 4,021 9,095
Net income attributable to Bluegreen Vacations Corporation shareholders 9,901 20,327 1,272 24,297
Comprehensive income attributable to Bluegreen Vacations Corporation shareholders $ 9,901 $ 20,327 $ 1,272 $ 24,297
Earnings per share attributable to Bluegreen Vacations Corporation shareholders - Basic and diluted $ 0.14 $ 0.27 $ 0.02 $ 0.33
Weighted average number of common shares outstanding:        
Basic and diluted 72,485 74,446 73,010 74,446
Cash dividends declared per share $ 1.19 $ 0.17 $ 1.31 $ 0.51
Gross Sales Of VOIs [Member]        
Revenues:        
Total revenue $ 71,149 $ 82,729 $ 157,530 $ 225,834
Estimated Uncollectible VOI Notes Receivable [Member]        
Revenues:        
Total revenue (11,884) (16,411) (44,083) (39,483)
Sales of VOIs [Member]        
Revenues:        
Total revenue [1] 59,265 66,318 113,447 186,351
Fee-Based Sales Commission Revenue [Member]        
Revenues:        
Total revenue [1] 22,119 60,478 64,619 161,033
Other Fee-Based Services Revenue [Member]        
Revenues:        
Total revenue 27,831 33,744 83,558 94,015
Cost Reimbursements [Member]        
Revenues:        
Total revenue [2] 15,684 17,883 46,654 48,933
Interest Income [Member]        
Revenues:        
Total revenue [3] $ 19,672 22,081 61,646 65,964
Other Income, Net [Member]        
Revenues:        
Total revenue   $ 2,146 $ 41 $ 4,228
[1] Included in our Sales of VOIs and financing segment described in Note 12.
[2] Included in our Resort operations and club management segment described in Note 12.
[3] Interest income of $19.0 million and $20.0 million for three months ended September 30, 2020 and 2019, respectively, and $58.3 million and $60.0 million for the nine months ended September 30, 2020 and 2019, respectively, is included in our Sales of VOIs and financing segment described in Note 12.

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