v3.20.2
Consolidated Statements Of Operations And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenue $ 68,833 $ 192,223 $ 225,759 $ 357,875
Costs and expenses:        
Cost of VOIs sold 1,038 10,572 5,137 14,420
Cost of other fee-based services 18,535 19,049 40,246 41,042
Cost reimbursements 11,850 14,007 30,970 31,051
Selling, general and administrative expenses 40,880 148,543 143,077 239,632
Interest expense 8,540 10,061 17,358 19,567
Total costs and expenses 80,843 202,232 236,788 345,712
(Loss) Income before non-controlling interest and (benefit) provision for income taxes (12,010) (10,009) (11,029) 12,163
Benefit) provision for income taxes (3,821) (3,957) (3,777) 1,346
Net (loss) income (8,189) (6,052) (7,252) 10,817
Less: Net income attributable to non-controlling interest 641 5,131 1,377 6,847
Net (loss) income attributable to Bluegreen Vacations Corporation shareholders (8,830) (11,183) (8,629) 3,970
Comprehensive (loss) income attributable to Bluegreen Vacations Corporation shareholders $ (8,830) $ (11,183) $ (8,629) $ 3,970
(Loss) Earnings per share attributable to Bluegreen Vacations Corporation shareholders - Basic and diluted $ (0.12) $ (0.15) $ (0.12) $ 0.05
Weighted average number of common shares outstanding:        
Basic and diluted 72,485 74,446 73,275 74,446
Cash dividends declared per share   $ 0.17 $ 0.13 $ 0.34
Gross Sales Of VOIs [Member]        
Revenues:        
Total revenue $ 10,900 $ 80,221 $ 86,381 $ 143,105
Estimated Uncollectible VOI Notes Receivable [Member]        
Revenues:        
Total revenue (1,846) (11,919) (32,199) (23,072)
Sales of VOIs [Member]        
Revenues:        
Total revenue [1] 9,054 68,302 54,182 120,033
Fee-Based Sales Commission Revenue [Member]        
Revenues:        
Total revenue [1] 1,135 55,343 42,500 100,555
Other Fee-Based Services Revenue [Member]        
Revenues:        
Total revenue 26,413 30,703 55,727 60,271
Cost Reimbursements [Member]        
Revenues:        
Total revenue [2] 11,850 14,007 30,970 31,051
Interest Income [Member]        
Revenues:        
Total revenue [3] 20,108 21,875 41,974 43,883
Other Income, Net [Member]        
Revenues:        
Total revenue $ 273 $ 1,993 $ 406 $ 2,082
[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 $19.1 million and $19.9 million for three months ended June 30, 2020 and 2019, respectively, and $39.2 million and $39.9 million for the six months ended June 30, 2020 and 2019, respectively, is included in our Sales of VOIs and financing segment described in Note 12.

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