| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Revenues: | ||||||||
Total Revenues | ||||||||
1,786,000 | 1,356,000 | 697,000 | 614,000 | 501,215 | 473,339 | 428,794 | 409,440 | 404,986 |
Operating costs and expenses: | ||||||||
Cost of sales | ||||||||
- | - | - | - | 179,510 | 168,259 | 141,420 | 128,304 | 127,913 |
Royalty fee expense | ||||||||
43,000 | 28,000 | 3,000 | 1,000 | - | - | - | - | - |
Gross profit | ||||||||
- | - | - | - | 321,705 | 305,080 | 287,374 | 281,136 | 277,073 |
Selling and marketing expense | ||||||||
303,000 | 194,000 | 71,000 | 62,000 | 53,722 | 53,559 | 53,504 | 50,755 | 52,151 |
General and administrative expense | ||||||||
225,000 | 198,000 | 150,000 | 133,000 | 112,574 | 105,270 | 94,508 | 88,980 | 87,893 |
Amortization expense of intangibles | ||||||||
20,000 | 19,000 | 14,000 | 12,000 | 8,133 | 23,041 | 27,301 | 26,387 | 25,961 |
Depreciation expense | ||||||||
60,000 | 43,000 | 18,000 | 16,000 | 14,531 | 13,429 | 13,277 | 10,537 | 9,851 |
Total operating costs and expenses | ||||||||
1,567,000 | 1,171,000 | 569,000 | 487,000 | - | - | - | - | - |
Operating income | ||||||||
219,000 | 185,000 | 128,000 | 127,000 | 132,745 | 109,781 | 98,784 | 104,477 | 101,217 |
Other income (expense): | ||||||||
Interest income | ||||||||
1,000 | 1,000 | 1,000 | - | 362 | 1,792 | 1,263 | 448 | 952 |
Interest expense | ||||||||
26,000 | 23,000 | 21,000 | 7,000 | 6,172 | 25,629 | 35,575 | 35,782 | 37,281 |
Gain on bargain purchase | ||||||||
2,000 | 163,000 | - | - | - | - | - | - | - |
Other income (expense), net | ||||||||
-3,000 | -7,000 | 3,000 | 2,000 | 259 | -2,456 | 1,580 | -271 | -1,250 |
Loss on extinguishment of debt | ||||||||
- | - | - | - | - | -18,527 | - | - | - |
Equity in earnings from unconsolidated entities | ||||||||
4,000 | 5,000 | 5,000 | 5,000 | - | - | - | - | - |
Total other income (expense), net | ||||||||
-22,000 | 139,000 | -12,000 | - | -5,551 | -44,820 | -32,732 | -35,605 | -37,579 |
Earnings before income taxes and noncontrolling interests | ||||||||
197,000 | 324,000 | 116,000 | 127,000 | 127,194 | 64,961 | 66,052 | 68,872 | 63,638 |
Income tax provision | ||||||||
26,000 | 57,000 | 41,000 | 45,000 | 45,412 | 24,252 | 24,926 | 26,457 | 25,818 |
Net income | ||||||||
171,000 | 267,000 | 75,000 | 82,000 | 81,782 | 40,709 | 41,126 | 42,415 | 37,820 |
Net income attributable to noncontrolling interests | ||||||||
3,000 | 2,000 | 2,000 | 3,000 | 565 | 7 | - | -3 | -4 |
Net income attributable to common stockholders | ||||||||
168,000 | 265,000 | 73,000 | 79,000 | 81,217 | 40,702 | 41,126 | 42,418 | 37,824 |
Earnings per share attributable to common stockholders: | ||||||||
Basic (in dollars per share) | ||||||||
1.36 | 2.62 | 1.28 | 1.38 | 1.42 | 0.72 | 0.72 | 0.75 | 0.67 |
Diluted (in dollars per share) | ||||||||
1.34 | 2.60 | 1.26 | 1.36 | 1.40 | 0.71 | 0.71 | 0.73 | 0.66 |
Weighted average number of shares of common stock outstanding (in 000's): | ||||||||
Basic (in shares) | ||||||||
124,032 | 100,868 | 57,400 | 57,343 | 57,243 | 56,549 | 56,981 | 56,898 | 56,411 |
Diluted (in shares) | ||||||||
125,833 | 101,732 | 57,989 | 57,953 | 57,832 | 57,248 | 57,775 | 57,756 | 57,015 |
Dividends declared per share of common stock (in dollars per share) | ||||||||
0.60 | 0.48 | 0.48 | 0.44 | 0.33 | 0.50 | - | - | - |
Service and membership related | ||||||||
Total Revenues | ||||||||
506,000 | 454,000 | 421,000 | 424,000 | - | - | - | - | - |
Cost of sales | ||||||||
158,000 | 118,000 | 100,000 | 111,000 | - | - | - | - | - |
Vacation ownership products | ||||||||
Total Revenues | ||||||||
465,000 | 306,000 | 28,000 | 7,000 | - | - | - | - | - |
Cost of sales | ||||||||
90,000 | 99,000 | 20,000 | 6,000 | - | - | - | - | - |
Rental and ancillary services | ||||||||
Total Revenues | ||||||||
386,000 | 265,000 | 91,000 | 70,000 | - | - | - | - | - |
Cost of sales | ||||||||
299,000 | 185,000 | 41,000 | 34,000 | - | - | - | - | - |
Consumer financing | ||||||||
Total Revenues | ||||||||
89,000 | 57,000 | 5,000 | 1,000 | - | - | - | - | - |
Cost of sales | ||||||||
29,000 | 13,000 | - | - | - | - | - | - | - |
Cost reimbursements | ||||||||
Total Revenues | ||||||||
340,000 | 274,000 | 152,000 | 112,000 | - | - | - | - | - |
Cost of sales | ||||||||
340,000 | 274,000 | 152,000 | 112,000 | - | - | - | - | - |