| In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
| | 10-K/A | 10-K/A | 10-K/A | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Vacation Ownership | | | | 130.0 | 58.8 | 44.5 | | |
| Exchange and Rental | | | | 484.0 | 442.4 | 428.8 | | |
| Membership and Exchange | | | | | | | 349.4 | 345.2 |
| Management and Rental | | | | | | | 79.4 | |
| Other | | | | | | | | 64.2 |
| Total revenues [+] | | | | 614.0 | 501.2 | 473.3 | 428.8 | 409.4 |
| Services | | | | 424.0 | | | | |
| Timeshare | | | | 7.0 | | | | |
| Reimbursements | | | | 112.0 | | | | |
| Financial services | | | | 1.0 | | | | |
| Revenue growth [+] | | | | 22.5% | 5.9% | 10.4% | 4.7% | 1.1% |
| Vacation Ownership | | | | 121.0% | 32.1% | | | |
| Exchange and Rental | | | | 9.4% | 3.2% | | | |
| Membership and Exchange | | | | | | | 1.2% | -0.2% |
| Management and Rental Segment | | | | | | | 23.6% | |
| Cost of goods sold [+] | | | | 270.0 | 179.5 | 168.3 | 141.4 | 128.3 |
| Cost of services | | | | 111.0 | | | | |
| Cost of licensing | | | | 1.0 | | | | |
| Timeshare costs | | | | 6.0 | | | | |
| Gross profit | | | | 344.0 | 321.7 | 305.1 | 287.4 | 281.1 |
| Gross margin | | | | 56.0% | 64.2% | 64.5% | 67.0% | 68.7% |
| Selling, general and administrative [+] | | | | 195.0 | 166.3 | 158.8 | 148.0 | 139.7 |
| Sales and marketing | | | | 62.0 | 53.7 | 53.6 | 53.5 | 50.8 |
| General and administrative | | | | 133.0 | 112.6 | 105.3 | 94.5 | 89.0 |
| Equity in earnings | | | | 5.0 | | | | |
| Other operating expenses | | | | 22.0 | 22.7 | 36.5 | 40.6 | 36.9 |
| EBITDA [+] | | | | 160.0 | 155.4 | 146.3 | 139.4 | 141.4 |
| EBITDA growth | | | | 3.0% | 6.3% | 4.9% | -1.4% | 3.2% |
| EBITDA margin | | | | 26.1% | 31.0% | 30.9% | 32.5% | 34.5% |
| Depreciation | | | | 16.0 | 14.5 | 13.4 | 13.3 | 10.5 |
| EBITA | | | | 144.0 | 140.9 | 132.8 | 126.1 | 130.9 |
| EBITA margin | | | | 23.5% | 28.1% | 28.1% | 29.4% | 32.0% |
| Amortization of intangibles | | | | 12.0 | 8.1 | 23.0 | 27.3 | 26.4 |
| EBIT [+] | | | | 132.0 | 132.7 | 109.8 | 98.8 | 104.5 |
| EBIT growth | | | | -0.6% | 20.9% | 11.1% | -5.4% | 3.2% |
| EBIT margin | | | | 21.5% | 26.5% | 23.2% | 23.0% | 25.5% |
| Interest expense, net [+] | | | | 7.0 | 5.8 | 23.8 | 34.3 | 35.3 |
| Interest expense | | | | 7.0 | 6.2 | 25.6 | 35.6 | 35.8 |
| Interest income | | | | | 0.4 | 1.8 | 1.3 | 0.4 |
| Other income (expense), net [+] | | | | 2.0 | 0.3 | -21.0 | 1.6 | -0.3 |
| Gain (loss) on debt retirement | | | | | | -18.5 | | |
| Other | | | | 2.0 | 0.3 | -2.5 | 1.6 | -0.3 |
| Pre-tax income | | | | 127.0 | 127.2 | 65.0 | 66.1 | 68.9 |
| Income taxes | | | | 45.0 | 45.4 | 24.3 | 24.9 | 26.5 |
| Tax rate | | | | 35.4% | 35.7% | 37.3% | 37.7% | 38.4% |
| Minority interest | | | | 3.0 | -0.6 | 0.0 | | 0.0 |
| Net income | | | | 79.0 | 81.2 | 40.7 | 41.1 | 42.4 |
| Net margin | | | | 12.9% | 16.2% | 8.6% | 9.6% | 10.4% |
| |
| Basic EPS [+] | | | | $1.38 | $1.42 | $0.72 | $0.72 | $0.75 |
| Growth | | | | -2.9% | 97.1% | -0.3% | -3.2% | 11.2% |
| Diluted EPS [+] | | | | $1.36 | $1.40 | $0.71 | $0.71 | $0.73 |
| Growth | | | | -2.9% | 97.5% | -0.1% | -3.1% | 10.7% |
| |
| Dividends per share [+] | | | | $0.44 | $0.33 | $0.50 | | |
| Growth | | | -100.0% | 33.3% | -34.0% | | | |
| |
| Shares outstanding (basic) [+] | | | | 57.3 | 57.2 | 56.5 | 57.0 | 56.9 |
| Growth | | | | 0.2% | 1.2% | -0.8% | 0.1% | 0.9% |
| Shares outstanding (diluted) [+] | | | | 58.0 | 57.8 | 57.2 | 57.8 | 57.8 |
| Growth | | | | 0.2% | 1.0% | -0.9% | 0.0% | 1.3% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |