Diamond Resorts International (DRII) 10-Q 9 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 05, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Diamond Resorts International, Inc.
Entity Central Index Key	1,566,897
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		69,766,998

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets [Abstract]
Cash and cash equivalents	$ 228,841	$ 290,510
Cash in escrow and restricted cash	76,555	98,295
Vacation Interests notes receivable, net of allowance of $173,040 and $165,331, respectively	672,828	622,607
Due from related parties, net	32,686	42,435
Other receivables, net	31,848	55,786
Income tax receivable	6,577	147
Deferred Tax Assets, Net, Noncurrent	992	1,104
Prepaid expenses and other assets, net	158,494	76,454
Unsold Vacation Interests, net	405,557	382,441
Property and equipment, net	105,975	95,361
Assets Held-for-sale, Not Part of Disposal Group	8,931	1,672
Goodwill	127,874	104,521
Intangible assets, net	239,848	222,190
Total assets	2,097,006	1,993,523
LIABILITIES AND STOCKHOLDER'S EQUITY
Accounts payable	25,000	15,144
Due to related parties, net	100,264	54,778
Accrued liabilities	229,043	221,919
Income taxes payable	457	360
Deferred income taxes	117,587	102,036
Deferred revenues	106,871	119,720
Senior Credit Facility, net of unamortized original issue discount of $4,360 and $4,735, respectively, and debt issuance cost of $10,858 and $11,515, respectively	559,448	558,416
Securitization notes and Funding Facilities, net of unamortized original issue discount of $83 and $103, respectively, and debt issuance costs of $11,026 and $12,678, respectively	597,326	630,080
Derivative Liability, Fair Value, Gross Liability	90	146
Notes payable	8,612	4,750
Total liabilities	1,744,698	1,707,349
Stockholders' equity:
Common stock $0.01 par value per share; authorized - 250,000,000 shares, issued - 69,742,698 shares and 71,928,002 shares, respectively	697	719
Preferred Stock $0.01 par value per share; authorized 5,000,000 shares	0	0
Additional paid-in capital	329,913	381,475
Accumulated deficit	42,858	(15,812)
Accumulated other comprehensive loss	(21,160)	(20,151)
Stockholders' Equity before Treasury Stock	352,308	346,231
Treasury Stock at cost; zero and 2,222,383 shares	0	(60,057)
Total stockholders' equity	352,308	286,174
Total liabilities and stockholders' equity	$ 2,097,006	$ 1,993,523

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Time Sharing Transactions, Allowance for Uncollectible Accounts on Receivables Sold with Recourse	$ (173,040)	$ (165,331)
LIABILITIES AND STOCKHOLDER'S EQUITY
Debt Instrument, Unamortized Discount	(4,360)	(4,735)
Unamortized Debt Issuance Expense	$ 10,858	$ 11,515
Stockholders' equity:
Common Stock, Shares Authorized	250,000,000	250,000,000
Common Stock, Shares, Issued	69,742,698	71,928,002
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Treasury Stock, Shares	0	2,222,383
Securitization notes and funding facilities [Member]
LIABILITIES AND STOCKHOLDER'S EQUITY
Debt Instrument, Unamortized Discount	$ (83)	$ (103)
Unamortized Debt Issuance Expense	$ 10,954	$ 12,678

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Management and member services	$ 46,141	$ 42,039	$ 92,237	$ 82,678
Consolidated resort operations	4,729	4,125	9,204	7,334
Vacation Interests sales, net of provision of $30,632, $20,811, $52,191 and $34,907, respectively	155,317	150,281	300,765	272,847
Interest	21,626	18,799	44,139	37,601
Other	17,905	16,258	33,169	28,562
Total revenues	245,718	231,502	479,514	429,022
Costs and Expenses:
Management and member services	7,750	8,316	15,395	16,397
Consolidated resort operations	4,195	4,048	7,977	7,749
Vacation Interest cost of sales	15,742	9,414	26,983	13,124
Advertising, sales and marketing	94,015	84,878	180,740	153,391
Vacation Interests carrying cost, net	7,341	9,373	12,455	19,741
Loan portfolio	2,398	2,181	6,279	4,918
Other operating	7,590	7,338	13,586	12,349
General and administrative	37,236	23,531	64,960	55,787
Depreciation and amortization	10,833	8,457	21,393	17,097
Interest expense	14,940	11,521	30,006	23,125
Impairments and other write-offs	0	7	0	12
(Gain) loss on disposal of assets	(83)	72	(401)	38
Total costs and expenses	201,957	169,136	379,373	323,728
Income before provision for income taxes	43,761	62,366	100,141	105,294
Provision for income taxes	18,269	26,726	41,471	45,284
Net income (loss)	25,492	35,640	58,670	60,010
Other comprehensive income (loss):
Currency translation adjustments, net of tax of $0	(1,140)	1,994	(992)	(1,168)
Post-retirement benefit plan	0	43	0	86
Other	(1)	12	(17)	(6)
Total other comprehensive (loss) income, net of tax	(1,141)	2,049	(1,009)	(1,088)
Comprehensive income (loss)	$ 24,351	$ 37,689	$ 57,661	$ 58,922
Net income per share:
Earnings Per Share, Basic	$ 0.37	$ 0.49	$ 0.84	$ 0.81
Earnings Per Share, Diluted	$ 0.35	$ 0.47	$ 0.82	$ 0.79
Weighted average shares of common stock outstanding:
Weighted Average Number of Shares Outstanding, Basic	69,585	73,052	69,589	73,769
Weighted Average Number of Shares Outstanding, Diluted	71,920	75,759	71,731	76,430

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Operations and Comprehensive Loss (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Provision for uncollectible Vacation Interests sales			$ (52,191)	$ (34,907)
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax, Portion Attributable to Parent	$ 0	$ 0	0	0
Vacation Interest Sales and Financing [Member]
Provision for uncollectible Vacation Interests sales	$ (30,632)	$ (20,811)	$ (52,191)	$ (34,907)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Stockholders' Equity - 6 months ended Jun. 30, 2016 - USD ($) $ in Thousands	Total	Common Stock [Member]	Common stock par value [Member]	Additional Paid-in Capital [Member]	Permanent Capital Accumulated Deficit	Permanent Capital Accumulated Other Comprehensive Income (Loss)	Treasury Stock [Member]	Stockholders' Equity, Total [Member]
Beginning balance, shares at Dec. 31, 2015		69,705,619
Beginning balance at Dec. 31, 2015			$ 719	$ 381,475	$ (15,812)	$ (20,151)	$ (60,057)	$ 286,174
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options, shares		14,000
Exercise of stock options			0	196	0	0	0	196
Stock-based compensation, shares		23,079
Stock-based compensation			0		0	0	0	8,277
Stock Granted, Value, Share-based Compensation, Net of Forfeitures				8,277
Treasury Stock, Retired, Par Value Method, Amount			(22)	(60,035)	0	0	(60,057)	0
Net income for the six months ended June 30, 2016	$ 58,670		0	0		0		58,670
Currency translation adjustments, net of tax of $0	$ 992		0	0	0	992	0	992
Other			0	0	0	(17)	0	17
Ending balance at Jun. 30, 2016			$ 697	$ 329,913	$ 42,858	$ (21,160)	$ 0	$ 352,308
Ending balance, shares at Jun. 30, 2016		69,742,698

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
AOCI Attributable to Parent [Member]
Currency translation adjustment net of tax of	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating Activities:
Net income (loss)	$ 58,670	$ 60,010
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for uncollectible Vacation Interests sales	52,191	34,907
Amortization of capitalized financing costs and original issue discounts	4,179	2,801
Amortization of capitalized loan origination costs and portfolio discounts	8,036	6,161
Depreciation, Depletion and Amortization, Nonproduction	21,393	17,097
Share-based compensation	8,277	7,717
Excess Tax Benefit from Share-based Compensation, Operating Activities	0	(375)
Impairments and other write-offs	0	12
(Gain) loss on disposal of assets	(401)	38
Deferred income taxes	11,207	21,907
Loss on foreign currency exchange	1,616	198
Gain on mortgage repurchase	(161)	(279)
Unrealized (gain) loss on derivative instruments	(56)	105
Unrealized loss on post-retirement benefit plan	0	86
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Nonredeemable	346	0
Changes in operating assets and liabilities excluding acquisitions:
Increase (Decrease) in Restricted Cash for Operating Activities	(56)	(5,433)
Mortgages and contracts receivable	(88,193)	(77,427)
Due from related parties, net	14,891	19,561
Other receivables, net	23,713	31,731
Prepaid expenses and other assets, net	(71,316)	(53,603)
Unsold Vacation Interests, net	(22,968)	(37,994)
Accounts payable	10,169	9,724
Due to related parties, net	48,485	61,701
Accrued liabilities	(2,670)	19,164
Income taxes receivable/payable	(6,223)	(391)
Deferred revenues	(13,235)	(31,456)
Net cash provided by operating activities	57,894	85,962
Investing activities:
Property and equipment capital expenditures	(13,181)	(10,917)
Payments to Acquire Intangible Assets	0	(8,993)
Payments to Acquire Interest in Joint Venture	0	(1,500)
Proceeds from sale of assets	901	238
Net cash used in investing activities	(96,893)	(21,172)
Financing activities:
Changes in restricted cash	21,710	903
Proceeds from issuance of securitization notes and Funding Facilities	141,177	153,490
Payments on Senior Credit Facility	0	(18,109)
Payments on Securitization Notes and Conduit Facility	(175,675)	(126,276)
Payments on notes payable	(7,318)	(6,849)
Payments of debt issuance costs	(2,208)	(2,350)
Excess Tax Benefit from Share-based Compensation, Financing Activities	0	375
Payments for Repurchase of Common Stock	0	(74,126)
Proceeds from exercise of stock options	196	2,205
Payments for Derivative Instrument, Financing Activities	0	(316)
Net cash provided by financing activities	(22,118)	(71,053)
Net decrease in cash and cash equivalents	(61,117)	(6,263)
Effect of changes in exchange rates on cash and cash equivalents	(552)	(3)
Cash and cash equivalents, beginning of period	290,510	255,042
Cash and cash equivalents, end of period	228,841	248,776
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for taxes, net of tax refunds	20,229	486
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Insurance premiums financed through issuance of notes payable	11,180	8,492
Unsold Vacation Interests reclassified to assets held for sale	7,910	0
Unsold vacation interests reclassified to property plant and equipment	5,769	0
Assets to be disposed off but not actively marketed (prepaid expenses and other assets) reclassified to assets held for sale	232	0
Assets held for sale reclassified to property and equipment	45	0
Assets held for sale reclassified to unsold vacation interests	0	12,982
Corporate Debt Securities [Member]
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash interest paid on corporate indebtedness	16,145	12,163
Securitization notes and funding facilities [Member]
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash interest paid on corporate indebtedness	9,810	8,092
Intrawest Acquisition [Member]
Investing activities:
Payments to Acquire Businesses, Net of Cash Acquired	(84,613)	0
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Fair Value of Assets Acquired	80,382	0
Goodwill, Acquired During Period	22,857	0
Payments to Acquire Businesses, Gross	(84,613)	0
Increase (Decrease) in Deferred Liabilities	(4,419)	0
Liabilities Assumed	14,207	$ 0
Additional Paid-in Capital [Member]
Operating Activities:
Net income (loss)	$ 0

Background, Business and Basis

Background, Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background, Business and Basis of Presentation	Background, Business and Basis of Presentation Business and Background Diamond Resorts International, Inc. ("DRII") is a holding company, and its principal asset is the direct and indirect ownership of equity interests in its subsidiaries, including Diamond Resorts Corporation ("DRC"), which is the wholly-owned operating subsidiary that has historically conducted the business described below. Except where the context otherwise requires or where otherwise indicated, references in the condensed consolidated financial statements to "the Company" refer to DRII and its subsidiaries, including DRC. The Company operates in the hospitality and vacation ownership industry, with a worldwide resort network of 437 vacation destinations located in 35 countries throughout the world, including the continental United States ("U.S."), Hawaii, Canada, Mexico, the Caribbean, Central America, South America, Europe, Asia, Australia, New Zealand and Africa. The Company’s resort network includes 108 resort properties with approximately 13,000 units that are managed by the Company and 309 affiliated resorts and hotels and 20 cruise itineraries, which the Company does not manage and do not carry the Company's brand, but are a part of the Company's network and, through THE Club and other Club offerings (the "Clubs"), are available for its members to use as vacation destinations. The Company’s operations consist of two interrelated businesses: (i) hospitality and management services, which includes operations related to the management of the homeowners associations (the "HOAs") for resort properties and eight multi-resort trusts and one single-resort trust (collectively, the "Diamond Collections"), operations of the Clubs, food and beverage venues owned and managed by the Company and the provision of other hospitality and management services; and (ii) vacation interests ("VOIs" or "Vacation Interests") sales and financing, which includes marketing and sales of VOIs and consumer financing for purchasers of the Company’s VOIs. The Company derives a majority of its total revenue from the Vacation Interests sales and financing segment. Gold Key Acquisition On October 16, 2015, the Company completed its acquisition of substantially all of the assets of Ocean Beach Club, LLC, Gold Key Resorts, LLC, Professional Hospitality Resources, Inc., Vacation Rentals, LLC and Resort Promotions, Inc. (collectively, the "Gold Key Companies") relating to the operation of their vacation ownership business in Virginia Beach, Virginia and the Outer Banks, North Carolina (the "Gold Key Acquisition"). The Company acquired management contracts, real property interests, unsold Vacation Interests and other assets of the Gold Key Companies, adding six additional managed resorts to the Company's resort network, in exchange for a cash purchase price of $167.9 million and the assumption of certain non-interest-bearing liabilities. At the closing of the Gold Key Acquisition, an additional $6.2 million was deposited into an escrow account to support the Company's obligations under a default recovery agreement, which is recorded as restricted cash in the accompanying condensed consolidated balance sheet. See " Note 24—Business Combinations " for further details on the Gold Key Acquisition. Intrawest Acquisition On January 29, 2016, the Company completed its acquisition of the vacation ownership business of Intrawest Resort Club Group from Intrawest Resorts Holdings, Inc., through which the Company acquired management contracts, Vacation Interests notes and other receivables, real property interests, unsold Vacation Interests and other assets in exchange for $84.6 million in cash plus the assumption of certain non-interest-bearing liabilities (the "Intrawest Acquisition"). The Intrawest Acquisition added nine managed resorts located in the U.S., Canada and Mexico to the Company's resort network. See " Note 24—Business Combinations " for further details on the Intrawest Acquisition. Exploration of Strategic Alternatives and the Pending Merger On February 24, 2016, the Company's board of directors announced that it formed a Strategic Review Committee comprised of independent directors to explore strategic alternatives to maximize shareholder value. On June 29, 2016, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with affiliates of certain funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”), pursuant to which the Apollo Funds will acquire the Company for $30.25 per share of common stock, or approximately $2.2 billion , subject to the conditions set forth in the Merger Agreement ("the Pending Merger"). On July 14, 2016, entities affiliated with the Apollo Funds commenced a tender offer to acquire all of the Company’s shares of common stock in connection with the Pending Merger. Completion of the tender offer is conditional upon, among other things, the tender of at least one more share of common stock than 50% of the Company’s outstanding shares. Additional information regarding the tender offer and the Pending Merger may be found in the Schedule 14D-9 filed on July 14, 2016 by the Company with the SEC and the Schedule TO filed on July 14, 2016 with the SEC by the affiliates of Apollo making the tender offer. This transaction is expected to close in the fall of 2016. Basis of Presentation During the quarter ended December 31, 2015 , the Company concluded that the majority of the cash collected on overnight rental operations ultimately belong to the Company and are available for general corporate use and reclassified the amount of such cash on its balance sheet from cash in escrow and restricted cash to cash and cash equivalents. Consequently, the Company revised its statement of cash flows for the six months ended June 30, 2015 to reflect this reclassification. In addition, the Company reclassified certain amounts related to changes in cash in escrow and restricted cash from cash flows from financing activities to cash flows from operating activities in its statement of cash flows for the six months ended June 30, 2015 to conform to the current period presentation. The revisions to and impact on the statement of cash flows for the six months ended June 30, 2015 as a result of both reclassifications above are not material. The accompanying condensed consolidated financial statements have been prepared in accordance with accounting policies described in the Company's Annual Report on Form 10-K/A for the year ended December 31, 2015 (the " 2015 Form 10-K/A"). Certain information and footnote disclosures normally included in annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the U.S. ("U.S. GAAP") have been condensed or omitted. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal and recurring nature. The accompanying condensed consolidated financial statements should be reviewed in conjunction with the Company's annual consolidated financial statements included in the 2015 Form 10-K/A. Operating results for the six months ended June 30, 2016 are not necessarily indicative of the results for the full year ending December 31, 2016 or any future period.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Significant accounting policies Significant accounting policies are those policies that, in management's view, are most important in the portrayal of the Company's financial condition and results of operations. The methods, estimates and judgments that the Company uses in applying its accounting policies have a significant impact on the results that it reports in the financial statements. Some of these significant accounting policies require the Company to make subjective and complex judgments regarding matters that are inherently uncertain. See "Note 2—Summary of Significant Accounting Policies" to the audited consolidated financial statements included in the 2015 Form 10-K/A for a discussion of the Company's significant accounting policies that require significant judgment. Principles of Consolidation The accompanying condensed consolidated financial statements include all subsidiaries of the Company. All significant intercompany transactions and balances have been eliminated from the accompanying condensed consolidated financial statements. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, often as a result of the need to make estimates regarding matters that are inherently uncertain. The methods, estimates and judgments that the Company uses in applying its accounting policies have a significant impact on the results that the Company reports in its financial statements. On an ongoing basis, the Company evaluates its estimates and assumptions, including those related to revenue, bad debts, Vacation Interests cost of sales, stock-based compensation expense, income taxes, unsold Vacation Interests, net, and business combinations. These estimates are based on historical experience and various other assumptions that management believes are reasonable under the circumstances. The results of the Company's analyses form the basis for making assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions, and the impact of such differences may be material to the Company's condensed consolidated financial statements. Recently Issued Accounting Pronouncements In January 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-01, "Income Statement - Extraordinary and Unusual Items" ("ASU No. 2015-01"), which eliminates from U.S. GAAP the concept of extraordinary items. Extraordinary items are events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence. ASU No. 2015-01 simplifies income statement presentation by altogether removing the concept of extraordinary items from consideration. The Company adopted ASU No. 2015-01 as of its quarter ended March 31, 2016. The adoption of this update did not have any impact on the Company's financial statements. In February 2015, the FASB issued ASU No. 2015-02, "Consolidation" (“ASU No. 2015-02”), which is intended to respond to stakeholders’ concerns about the current accounting guidance for certain legal entities. The amendments update the analysis of consolidation for limited partnerships, contractual fee arrangements and investment funds, as well as include additional guidance on the effect of related parties. The Company adopted ASU No. 2015-02 as of its quarter ended March 31, 2016. The adoption of this update did not have any impact on the Company's financial statements. In April 2015, the FASB issued ASU No. 2015-03, "Interest - Imputation of Interest" ("ASU No. 2015-03"), which is intended to simplify the presentation of debt issuance costs. The amendments in ASU No. 2015-03 require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in ASU No. 2015-03. The Company adopted ASU No. 2015-03 as of its quarter ended March 31, 2016 on a retrospective basis. The impact of this adoption on the accompanying condensed consolidated balance sheet as of December 31, 2015 was: (i) a $24.2 million reduction in prepaid expenses and other assets, net; (ii) an $11.5 million reduction in the senior secured credit facility originally entered into on May 9, 2014 and subsequently amended on December 22, 2014 and December 3, 2015 (the "Senior Credit Facility"); and (iii) a $12.7 million reduction in the securitization notes and Funding Facilities. This adoption had no other impact on the Company's financial statements. The Company elected to continue to include the debt issuance costs associated with its Funding Facilities (which consist of the $200.0 million Credit Suisse conduit facility (the "Credit Suisse Conduit Facility"), the $100.0 million loan sale facility with Quorum Federal Credit Union (the "Quorum Facility") and the $100 million loan facility with Capital One, National Association (the “Capital One Conduit Facility”) and the revolving line of credit under the Senior Credit Facility in prepaid expenses and other assets, net in the accompanying condensed consolidated balance sheets. In April 2015, the FASB issued ASU No. 2015-05, "Intangibles - Goodwill and Other - Internal-Use Software" ("ASU No. 2015-05"), which provides guidance to customers about whether a cloud computing arrangement includes a software license and, if so, how the software license element of the arrangement should be accounted for by the customer. The Company adopted ASU No. 2015-05 as of its quarter ended March 31, 2016. The adoption of this update did not have a material impact on the Company's financial statements. In September 2015, the FASB issued ASU No. 2015-16, "Business Combinations - Simplifying the Accounting for Measurement-Period Adjustments" ("ASU No. 2015-16"), which requires that an acquirer in a business combination recognize adjustments to estimated amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. ASU No. 2015-16 also requires that the acquirer record, in the current period's financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the estimated amounts, calculated as if the accounting had been completed at the acquisition date. The Company adopted ASU No. 2015-16 as of its quarter ended March 31, 2016. The adoption of this update did not have a material impact on the Company's financial statements. In March 2016, the FASB issued ASU No. 2016-07, "Investments - Equity Method and Joint Ventures" ("ASU No. 2016-07"). The amendments in ASU No. 2016-07 eliminate the requirement that an entity retroactively adopt the equity method of accounting if an investment qualifies for use of the equity method as a result of an increase in the level of ownership or degree of influence. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. The amendments in ASU No. 2016-07 are effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016. The Company is currently evaluating the standard to determine the impact of the adoption of this guidance on its financial statements. In March 2016, the FASB issued ASU No. 2016-09, "Compensation - Stock Compensation - Improvements to Employee Share-based Payment Accounting" ("ASU No. 2016-09"). The areas for simplification in this update involve several aspects of the accounting for employee share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Some of the areas for simplification apply only to non-public entities. The amendments in ASU No. 2016-09 are effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016. The Company is currently evaluating the standard to determine the impact of the adoption of this guidance on its financial statements. In April 2016, the FASB issued ASU No. 2016-10, "Revenue from Contracts with Customers - Identifying Performance Obligations and Licensing" ("ASU No. 2016-10"). This update clarifies guidance related to identifying performance obligations and licensing implementation contained in ASU No. 2014-09. The amendments do not change the core principal of the guidance. The Company will adopt ASU No. 2016-10 as of its quarter ending March 31, 2018. The Company is currently evaluating the standard to determine the impact of the adoption of this guidance on its financial statements. In May 2016, the FASB issued ASU No. 2016-11, "Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to staff announcements at the March 3, 2016 EITF Meeting" ("ASU No. 2016-11"). This update rescinds certain Securities and Exchange Commission (the "SEC") staff comments codified in FASB Accounting Standards Codification ("ASC") Topics 605, "Revenue Recognition." The Company will adopt ASU No. 2016-11 as of its quarter ending March 31, 2018. The adoption of this update will not have a material impact on the Company's financial statements. In May 2016, the FASB issued ASU No. 2016-12, "Revenue from Contracts with Customers - Narrow-Scope Improvements and Practical Expedients" ("ASU No. 2016-12"). The amendments in ASU 2016-12 provide clarification to certain core recognition principles related to ASU No. 2014-09 including collectability, sales tax presentation, noncash consideration, contract modifications and completed contracts at transition and disclosures no longer required if the full retrospective transition method is adopted. The amendments do not change the core principal of the guidance. The Company will adopt ASU No. 2016-12 as of its quarter ending March 31, 2018. The Company is currently evaluating the standard to determine the impact of the adoption of this guidance on its financial statements. In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" ("ASU No. 2016-13"). This update amends the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in the more timely recognition of losses. The Company will adopt ASU 2016-13 as of its quarter ending March 31, 2020. The Company is currently evaluating the standard to determine the impact of the adoption of this guidance on its financial statements. See " Note 2—Summary of Significant Accounting Policies " to the audited consolidated financial statements included in the 2015 Form 10-K/A for additional accounting standards issued but not adopted as of June 30, 2016 .

Restatement of Previously Issue

Restatement of Previously Issued Financial Statements	6 Months Ended
	Jun. 30, 2016
Revision to Previously Issued Financial Statements [Abstract]
Restatement of Previously Issued Financial Statements	Restatement of Previously Issued Financial Statements The Company restated its previously issued consolidated financial statements to reflect a change in the application of its relative sales value model used to calculate Vacation Interests cost of sales as a change in estimate as described below. As discussed in " Note 2 — Summary of Significant Accounting Policies" of our consolidated financial statements included in the Form 10-K/A, the Company uses the relative sales value method to account for Vacation Interests cost of sales in accordance with the provisions of ASC “Real Estate - Timesharing Activities” (“ASC 978”), for which the Company relies on complex financial models that began with the Company’s implementation of ASC 978 in 2005 and continue prospectively through the theoretical sell-out of the respective inventory. These models incorporate a variety of estimates, including the total revenues to be earned over the life of a "phase" (as defined in ASC 978) based upon an estimated retail sales price per point. Since the Company’s implementation of ASC 978 through the quarter ended June 30, 2014, the Company treated most of its resort trusts (each a “Diamond Collection”) as separate phases for which the Company maintained separate relative sales value models, as the Diamond Collections were considered distinct pools of inventory. During the quarter ended September 30, 2014, the Company began the practice of transferring (including through bulk transfer agreements) significant amounts of Company-owned inventory and inventory that had been held by certain Diamond Collections in the U.S. (“U.S. Collections”) to those of the Company’s U.S. Collections that were in active sales. As a result of this change, the U.S. Collections became more homogeneous in nature (i.e., inventory within a single resort could now be included in multiple U.S. Collections). This represented a change in the Company’s internal vacation ownership interests (“Vacation Interests”) inventory management strategy intended to maintain adequate inventory levels to satisfy future projected sales levels. As a result, during the quarter ended September 30, 2014, the Company transitioned to one consolidated relative sales value model for all of the U.S. Collections, which was more reflective of the Company’s current business model as it relates to the Company’s internal Vacation Interests inventory management strategy. In doing so, the Company combined a higher concentration of inventory within the U.S. Collections that had a lower average future retail sales price per point with a smaller concentration of inventory that had a higher average future retail sales price per point. Accordingly, the total weighted average estimated revenue over the life of the U.S. Collections phase under one model exceeded that of the total individual models combined. In addition, the cost pools of each individual relative sales value model varied due to differences in the acquisition cost of Vacation Interests inventory in each U.S. Collection. The inception-to-date cost off rate was also impacted by these differences in cost when the relative sales value model was changed for the U.S. Collections. This resulted in a lower cumulative cost of sales percentage (higher estimated future revenue and lower overall cost off rate) as of September 30, 2014. Originally, the Company had concluded that this decrease in Vacation Interests cost of sales should be recognized prospectively. However, subsequent to the issuance of the Company's consolidated financial statements for the year ended December 31, 2015 and for the quarter ended March 31, 2016, the Company determined that the change related to the internal Vacation Interests inventory management strategy should have been accounted for as a change in accounting estimate under ASC 978. Specifically, the Company should have recorded unsold Vacation Interests, net in the quarterly period ended September 30, 2014 as if the lower Vacation Interests cost of sales percentage was applied at the beginning of the phase. The resulting $33.2 million adjustment in the year ended December 31, 2014 should have been recorded as an increase to unsold Vacation Interests, net rather than applying it as a reduction to the future cost of sales percentage. This change resulted in an increase of $2.0 million and $4.5 million to Vacation Interests cost of sales and a corresponding decrease in unsold Vacation Interests, net for the three and six month periods ended June 30, 2015, respectively and an increase of $2.0 million to Vacation Interests cost of sales and a corresponding decrease in unsold Vacation Interests, net for the three months ended March 31, 2016. The restatement to reflect this correction in the application of the relative sales value model in accounting for Vacation Interests cost of sales is referred to herein as the "Restatement." The table below sets forth balances as originally reported for balance sheet categories impacted by the Restatement, the impact of the Restatement on such categories and revised balances for such categories as of December 31, 2015 (in thousands): December 31, 2015 As originally reported Impact of Restatement As restated Unsold Vacation Interests, net $ 358,278 $ 24,163 $ 382,441 Income tax receivable 147 — 147 Deferred tax asset 577 527 1,104 Total assets $ 1,968,833 $ 24,690 $ 1,993,523 Accrued liabilities $ 221,662 $ 257 $ 221,919 Income tax payable 346 14 360 Deferred income taxes 92,829 9,207 102,036 Total liabilities 1,697,871 9,478 1,707,349 Accumulated deficit (31,024 ) 15,212 (15,812 ) Total stockholders' equity 270,962 15,212 286,174 Total liabilities and stockholders' equity $ 1,968,833 $ 24,690 $ 1,993,523 The table below sets forth the amount as originally reported for such categories for the three and six months ended June 30, 2016 and 2015 presented in the consolidated statement of income and comprehensive income that were impacted by the Restatement, impact of the Restatement on such categories and restated amount for such categories for the periods presented below (in thousands, except per share data): Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 As originally reported Impact of Restatement As restated As originally reported Impact of Restatement As restated Vacation Interests cost of sales $ 7,451 $ 1,963 $ 9,414 $ 8,589 $ 4,535 $ 13,124 Total costs and expenses 167,173 1,963 169,136 319,193 4,535 323,728 Income before provision for income taxes 64,329 (1,963 ) 62,366 109,829 (4,535 ) 105,294 Provision for income taxes 27,459 (733 ) 26,726 46,984 (1,700 ) 45,284 Net income (loss) $ 36,870 $ (1,230 ) $ 35,640 $ 62,845 $ (2,835 ) $ 60,010 Net income (loss) per share: Basic $ 0.50 $ (0.01 ) $ 0.49 $ 0.85 $ (0.04 ) $ 0.81 Diluted $ 0.49 $ (0.02 ) $ 0.47 $ 0.82 $ (0.03 ) $ 0.79 The restatement of Vacation Interests cost of sale resulted in a restatement of (i) income taxes receivables, deferred tax asset, accrued liabilities (related to the liability for unrecognized tax benefit), deferred income taxes and accumulated deficit in our consolidated balance sheet as of December 31, 2015: and (ii) Vacation Interests cost of sale and provision for income taxes in our consolidated statements of operations and comprehensive income for the periods presented above.

Concentrations of Risk

Concentrations of Risk	6 Months Ended
	Jun. 30, 2016
Concentrations of Risk [Abstract]
Concentrations of Risk	Concentrations of Risk Credit Risk The Company is exposed to on-balance sheet credit risk related to its Vacation Interests notes receivable. The Company offers financing to the buyers of VOIs and bears the risk of defaults on promissory notes delivered to it by buyers of VOIs. If a buyer of VOIs defaults, the Company generally attempts to resell such VOIs by exercise of a power of sale. The associated marketing, selling and administrative costs from the original sale are not recovered and such costs must be incurred again to resell the VOIs. Although in many cases the Company may have recourse against a buyer of VOIs for the unpaid price, certain states have laws that limit the Company’s ability to recover personal judgments against customers who have defaulted on their loans, and the Company has generally not pursued this remedy. The Company maintains cash, cash equivalents, cash in escrow and restricted cash with various financial institutions. These financial institutions are located throughout North America, Europe and the Caribbean. A significant portion of the Company's cash is maintained with a select few banks and is, accordingly, subject to credit risk. Periodic evaluations of the relative credit standing of financial institutions maintaining the deposits are performed to evaluate and mitigate, if necessary, any credit risk. Availability of Funding Sources The Company has historically funded Vacation Interests notes receivable and unsold Vacation Interests with borrowings through its financing facilities and internally generated funds. Borrowings are in turn repaid with the proceeds received by the Company from repayments of such Vacation Interests notes receivable. To the extent that the Company is not successful in maintaining or replacing existing financings, it may have to curtail its sales and marketing operations or sell assets, which could result in a material adverse effect on the Company’s results of operations, cash flows and financial condition. Geographic Concentration Portions of the Company's consumer loan portfolio are concentrated in certain geographic regions within the U.S. The deterioration of the economic condition and financial well-being of the regions in which the Company has significant loan concentrations could adversely affect the results of operations for its consumer loan portfolio business. The credit risk inherent in such concentrations is dependent upon regional and general economic stability, which affects property values and the financial well-being of the borrowers. As of June 30, 2016 , the Company's loans to California residents constituted 32.0% of the notes receivable portfolio. No other state or foreign country concentration accounted for more than 10% of the portfolio. Interest Rate Risk Since a significant portion of the Company's indebtedness bears interest at variable rates, any increase in interest rates beyond amounts covered under the Company’s derivative financial instruments, particularly if sustained, could have an adverse effect on the Company’s results of operations, cash flows and financial position. The Company derives net interest income from its financing activities because the interest rates it charges its customers who finance the purchase of their VOIs exceed the interest rates the Company pays to its lenders. Since the Company’s notes receivable generally bear interest at fixed rates, increases in interest rates will erode the spread in interest rates that the Company has historically obtained. On December 11, 2015, as required by the Credit Suisse Conduit Facility, the Company entered into an interest rate swap agreement to manage its exposure to fluctuations in interest rates, effective December 15, 2015 (the "December 2015 Swap"). The December 2015 Swap has a notional amount of $20.5 million and is scheduled to mature on December 20, 2025. The Company pays interest at a fixed rate of 2.4% based on a floating notional amount in accordance with a pre-determined amortization schedule, and receives interest based on one-month floating LIBOR. The December 2015 Swap did not qualify for hedge accounting. See " Note 17 — Borrowings" to the audited consolidated financial statements included in the 2015 Form 10-K/A for further detail on the Credit Suisse Conduit Facility. On March 10, 2016, as required by the Credit Suisse Conduit Facility, the Company entered into an interest rate swap agreement to manage its exposure to fluctuations in interest rates (the "March 2016 Swap"). The March 2016 Swap has a notional amount of $45.0 million and is scheduled to mature on February 20, 2026. The Company pays interest at a fixed rate of 2.25% based on a floating notional amount in accordance with a pre-determined amortization schedule, and receives interest based on one-month floating LIBOR. The March 2016 Swap did not qualify for hedge accounting. As of June 30, 2016 , the combined fair value of the December 2015 Swap and the March 2016 Swap was calculated to be $0.1 million based on a valuation report provided by the counterparty. This fair value was recorded as a derivative liability with an offsetting charge to interest expense. See " Note 20—Fair Value Measurements " for further detail on the derivative instruments.

Cash in Escrow and Restricted C

Cash in Escrow and Restricted Cash	6 Months Ended
	Jun. 30, 2016
Cash in Escrow and Restricted Cash [Abstract]
Cash in Escrow and Restricted Cash	Cash in Escrow and Restricted Cash Cash in escrow and restricted cash as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Securitization notes and Funding Facilities collection and reserve cash $ 44,654 $ 50,943 Escrow 12,113 13,423 Deposits related to Vacation Interests notes receivable servicing agreements 11,035 10,680 Collected on behalf of HOAs 3,203 18,626 Bonds and deposits 847 883 Other 4,703 3,740 Total cash in escrow and restricted cash $ 76,555 $ 98,295

Vacation Interests Notes Receiv

Vacation Interests Notes Receivable and Allowance	6 Months Ended
	Jun. 30, 2016
Financing Receivable, Net [Abstract]
Mortgages and Contracts Receivable and Allowance for Loan and Contract Losses	799 $ 77,510 $ 929 $ 592 $ 390 $ 461 $ 709 $ 80,591 700-799 424,623 7,040 4,473 5,254 4,671 5,192 451,253 600-699 227,181 9,927 4,765 3,485 3,879 4,193 253,430 <600 19,337 1,866 756 527 528 681 23,695 No FICO Credit Scores 15,599 796 330 200 206 250 17,381 $ 764,250 $ 20,558 $ 10,916 $ 9,856 $ 9,745 $ 11,025 $ 826,350 As of December 31, 2015 FICO Credit Scores Current 31-60 61-90 91-120 121-150 151-180 Total >799 $ 75,647 $ 751 $ 193 $ 338 $ 204 $ 287 $ 77,420 700-799 397,264 7,589 3,497 2,938 1,879 2,533 415,700 600-699 213,818 8,444 3,653 3,893 2,841 2,100 234,749 <600 19,393 1,700 881 333 533 465 23,305 No FICO Credit Scores 16,677 674 490 320 286 170 18,617 $ 722,799 $ 19,158 $ 8,714 $ 7,822 $ 5,743 $ 5,555 $ 769,791 The Company captures FICO credit scores when each loan is underwritten. The "No FICO Credit Scores" category in the tables above is primarily comprised of customers who live outside of the U.S. and Canada. Other Receivables, Net Other receivables, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Receivables related to sampler packages, net $ 15,239 $ 14,723 Interest receivable associated with Vacation Interests notes receivable 7,827 7,919 Rental receivables and other resort management-related receivables, net 3,055 2,737 Club dues receivable, net 1,561 25,028 Insurance claims receivable 1,322 1,262 Other receivables 2,844 4,117 Total other receivables, net of allowances of $8,100 and $12,300, respectively $ 31,848 $ 55,786 The allowance for doubtful accounts relates primarily to receivables for sampler packages and Club dues. The Company considers factors such as economic conditions, industry trends, defaults and age of the receivables to analyze the adequacy of the allowance. Any adjustments to the allowance are recorded within management and member services revenue or Vacation Interests carrying cost, net in the Company's condensed consolidated statements of income and comprehensive income. In connection with the Intrawest Acquisition, the Company acquired $0.3 million of other receivables, net based on a preliminary appraisal. This amount is included within the balances as of June 30, 2016 in the table above. See "Note 24—Business Combinations" for further details." id="sjs-B4" xml:space="preserve"> Vacation Interests Notes Receivable and Allowance The Company provides financing to purchasers of VOIs at North American and St. Maarten sales centers that is collateralized by their VOIs. Eligibility for this financing is principally dependent upon the customers’ Fair Isaac Corporation ("FICO") credit scores and other factors based on review of the customer’s credit history. As of June 30, 2016 , the Vacation Interests notes receivable bore interest at fixed rates between 6.0% and 18.0% . The terms of the Vacation Interests notes receivable range from two years to 15 years and may be prepaid at any time without penalty. Vacation Interests notes receivable originated by the Company within the last five years have a term of 10 years. The weighted average interest rate of outstanding Vacation Interests notes receivable was 14.5% and 14.6% as of June 30, 2016 and December 31, 2015 , respectively. The Company charges off Vacation Interests notes receivable upon the earliest of (i) the customer's account becoming over 180 days delinquent; or (ii) the completion of cancellation or foreclosure proceedings. Collection costs related to delinquent loans are expensed as incurred. Vacation Interests notes receivable from 91 to 180 days past due as of June 30, 2016 and December 31, 2015 were 3.7% and 2.5% , respectively, of gross Vacation Interests notes receivable. In connection with the Intrawest Acquisition, the Company acquired $22.1 million of Vacation Interests notes receivable (which is net of a $3.2 million allowance and a $1.5 million discount) based on a preliminary appraisal. This amount is included within the balances as of June 30, 2016 throughout the tables in this footnote. See " Note 24—Business Combinations " for further details. The Vacation Interests notes receivable, net balance includes deferred origination costs related to Vacation Interests notes receivable originated by the Company, net of the related allowance. Vacation Interests notes receivable origination costs incurred in connection with providing financing for VOIs are capitalized and amortized over the estimated life of the Vacation Interests notes receivable, based on historical prepayments, as a decrease to interest revenue using the effective interest method. Amortization of deferred loan and contract origination costs charged to interest revenue was $4.1 million and $3.1 million for the three months ended June 30, 2016 and 2015 , respectively, and $8.0 million and $6.1 million for the six months ended June 30, 2016 and 2015 , respectively. Gross Vacation Interests notes receivable as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Vacation Interests notes receivable - collateralized against securitization notes and Funding Facilities $ 676,162 $ 688,777 Vacation Interests notes receivable - other 150,188 81,014 Total Vacation Interests notes receivable $ 826,350 $ 769,791 See "Note 17—Borrowings" for further detail on the Company's various borrowings included in "Securitization notes and Funding Facilities" in the accompanying condensed consolidated balance sheets. Vacation Interests notes receivable, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Vacation Interests notes receivable, originated $ 784,685 $ 744,532 Vacation Interests notes receivable, purchased 41,665 25,259 Vacation Interests notes receivable, gross 826,350 769,791 Allowance for loan losses (173,040 ) (165,331 ) Deferred profit on Vacation Interests transactions (1,367 ) (1,780 ) Deferred loan and contract origination costs, net 15,415 15,546 Inventory value of defaulted Vacation Interests notes receivable that were previously purchased 6,816 4,152 Premium on Vacation Interests notes receivable, net — 229 Discount on Vacation Interests notes receivable, net (1,346 ) — Vacation Interests notes receivable, net $ 672,828 $ 622,607 Deferred profit on Vacation Interests transactions represents revenues less direct costs related to sales (sales commissions, sales incentives, cost of sales and provision for loan losses) that do not qualify for revenue recognition under ASC 978, "Real Estate - Time-Sharing Activities" ("ASC 978"). See " Note 2—Summary of Significant Accounting Policies " to the audited consolidated financial statements included in the 2015 Form 10-K/A for a description of revenue recognition criteria. Inventory value of defaulted Vacation Interests notes receivable that were previously purchased represents the inventory underlying Vacation Interests notes receivable that have defaulted. Upon recovery of the inventory, the value is transferred to unsold Vacation Interests, net. Activity in the allowance associated with Vacation Interests notes receivable as of the dates presented below consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Balance, beginning of period $ 168,998 $ 135,701 $ 165,331 $ 130,639 Provision for uncollectible Vacation Interests sales (a) 30,774 20,874 52,660 34,836 Write-offs, net (26,732 ) (10,745 ) (44,951 ) (19,645 ) Balance, end of period $ 173,040 $ 145,830 $ 173,040 $ 145,830 (a) The provision for uncollectible Vacation Interests sales shows activity in the allowance for expected losses associated with Vacation Interests notes receivable and is exclusive of ASC 978 adjustments related to deferred revenue. A summary of the credit quality and aging as of the dates presented below is as follows (in thousands): As of June 30, 2016 FICO Credit Scores Current 31-60 61-90 91-120 121-150 151-180 Total >799 $ 77,510 $ 929 $ 592 $ 390 $ 461 $ 709 $ 80,591 700-799 424,623 7,040 4,473 5,254 4,671 5,192 451,253 600-699 227,181 9,927 4,765 3,485 3,879 4,193 253,430 <600 19,337 1,866 756 527 528 681 23,695 No FICO Credit Scores 15,599 796 330 200 206 250 17,381 $ 764,250 $ 20,558 $ 10,916 $ 9,856 $ 9,745 $ 11,025 $ 826,350 As of December 31, 2015 FICO Credit Scores Current 31-60 61-90 91-120 121-150 151-180 Total >799 $ 75,647 $ 751 $ 193 $ 338 $ 204 $ 287 $ 77,420 700-799 397,264 7,589 3,497 2,938 1,879 2,533 415,700 600-699 213,818 8,444 3,653 3,893 2,841 2,100 234,749 <600 19,393 1,700 881 333 533 465 23,305 No FICO Credit Scores 16,677 674 490 320 286 170 18,617 $ 722,799 $ 19,158 $ 8,714 $ 7,822 $ 5,743 $ 5,555 $ 769,791 The Company captures FICO credit scores when each loan is underwritten. The "No FICO Credit Scores" category in the tables above is primarily comprised of customers who live outside of the U.S. and Canada. Other Receivables, Net Other receivables, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Receivables related to sampler packages, net $ 15,239 $ 14,723 Interest receivable associated with Vacation Interests notes receivable 7,827 7,919 Rental receivables and other resort management-related receivables, net 3,055 2,737 Club dues receivable, net 1,561 25,028 Insurance claims receivable 1,322 1,262 Other receivables 2,844 4,117 Total other receivables, net of allowances of $8,100 and $12,300, respectively $ 31,848 $ 55,786 The allowance for doubtful accounts relates primarily to receivables for sampler packages and Club dues. The Company considers factors such as economic conditions, industry trends, defaults and age of the receivables to analyze the adequacy of the allowance. Any adjustments to the allowance are recorded within management and member services revenue or Vacation Interests carrying cost, net in the Company's condensed consolidated statements of income and comprehensive income. In connection with the Intrawest Acquisition, the Company acquired $0.3 million of other receivables, net based on a preliminary appraisal. This amount is included within the balances as of June 30, 2016 in the table above. See "Note 24—Business Combinations" for further details.

Transactions with Related Parti

Transactions with Related Parties	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Transactions with Related Parties	Transactions with Related Parties Due from Related Parties, Net and Due to Related Parties, Net Amounts due from related parties, net and due to related parties, net consist primarily of transactions with HOAs or Diamond Collections for which the Company acts as the management company. Due from related parties, net transactions include (i) management fees for the Company’s role as the management company; (ii) certain expenses reimbursed by HOAs and Diamond Collections; and (iii) the recovery of a portion of the Company’s Vacation Interests carrying costs, management and member services, consolidated resort operations, loan portfolio and general and administrative expenses that are incurred on behalf of the HOAs and the Diamond Collections according to a pre-determined schedule approved by the board of directors of each HOA and Diamond Collection. Due to related parties, net transactions include (a) the amounts due to HOAs and Diamond Collections under inventory recovery agreements that the Company enters into regularly with certain HOAs and similar agreements with the Diamond Collections, pursuant to which the Company recaptures VOIs, either in the form of vacation intervals or vacation points, and brings them into the Company’s inventory for sale to customers; (b) the maintenance fee and assessment fee liability owed to HOAs and Diamond Collections for VOIs owned by the Company (generally this liability is recorded on January 1st of each year for the entire amount of annual maintenance and assessment fees, and is relieved throughout the year by payments remitted to the HOAs and the Diamond Collections; these maintenance and assessment fees are also recorded as prepaid expenses and other assets, net in the accompanying condensed consolidated balance sheets and amortized ratably over the year); (c) cleaning fees owed to the HOAs for room stays paid by the Company’s customers or by a Club on behalf of a member where the frequency of the cleans exceeds those covered by the respective maintenance fees; and (d) miscellaneous transactions with other non-HOA related parties. A vast majority of amounts due from related parties and due to related parties, some of which are due on demand, carry no interest. Due to the fact that the right of offset exists between the Company and the HOAs and the Diamond Collections, the Company evaluates amounts due to and from each HOA and Diamond Collection at each reporting period to reduce the receivables and the payables on each party's books of record. Any remaining balances are then reclassified as either a net due to or a net due from related parties for each HOA and Diamond Collection in accordance with the requirements of ASC 210, "Balance Sheet - Offsetting." Due from related parties, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Amounts due from HOAs and Diamond Collections $ 32,594 $ 42,393 Amounts due from other 92 42 Total due from related parties, net $ 32,686 $ 42,435 Due to related parties, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Amounts due to HOAs and Diamond Collections $ 100,181 $ 54,686 Amounts due to other 83 92 Total due to related parties, net $ 100,264 $ 54,778 Hospitality Management and Consulting Service, LLC ("HM&C") Management Services Agreement (the "HM&C Agreement") HM&C was beneficially owned and controlled by Stephen J. Cloobeck, the Company's Chairman of the Board, and David F. Palmer, the Company's President and Chief Executive Officer, until the consummation of the HM&C Acquisition (as defined and discussed below), effective as of January 1, 2015. Pursuant to the HM&C Agreement, HM&C has provided two categories of management services to the Company: (i) executive and strategic oversight of the services that the Company provides to HOAs and the Diamond Collections through the Company’s hospitality and management services operations, for the benefit of the Company, the HOAs and the Diamond Collections; and (ii) executive, corporate and strategic oversight of the Company’s operations and certain other administrative services. HM&C provides the Company with the services of four of the Company's executive officers and other employees, each of whom devotes his or her full business time and attention to the Company, and prior to 2015 also provided the Company with the services of Mr. Cloobeck. HM&C Acquisition On January 6, 2015, the Company entered into a Membership Interest Purchase Agreement (the "Purchase Agreement"), whereby it acquired from an entity controlled by Mr. Cloobeck and an entity controlled by Mr. Palmer (which entities owned 95% and 5% of the outstanding membership interests of HM&C, respectively) all of the outstanding membership interests in HM&C in exchange for an aggregate purchase price of $10,000 (the "HM&C Acquisition"). As a result of the HM&C Acquisition, effective January 1, 2015, transactions between the Company and HM&C were fully eliminated from the Company's consolidated balance sheet, as HM&C became a wholly-owned subsidiary of the Company. Master Agreement Concurrent with the Company's entry into the Purchase Agreement, on January 6, 2015, the Company entered into a Master Agreement (the "Master Agreement") with Mr. Cloobeck, HM&C, JHJM Nevada I, LLC ("JHJM") and other entities controlled by Mr. Cloobeck or his immediate family members. Pursuant to the Master Agreement, the parties made certain covenants to and agreements with the other parties, including: (i) the termination, effective as of January 1, 2015, of the services agreement between JHJM and HM&C (the "JHJM Agreement"); (ii) the conveyance to the Company of exclusive rights to market timeshare and vacation ownership properties from a prime location adjacent to Polo Towers on the “Las Vegas Strip,” pursuant to the terms of an Assignment and Assumption Agreement; (iii) Mr. Cloobeck’s agreement to various restrictive covenants, including non-competition, non-solicitation and non-interference covenants; and (iv) Mr. Cloobeck’s grant to the Company of a license to use Mr. Cloobeck’s persona, including his name, likeness and voice. In connection with the transactions contemplated by the Master Agreement, the Company paid Mr. Cloobeck or his designees $16.5 million and incurred $0.3 million in expenses related to this transaction. Of these amounts, $7.8 million was recorded as general and administrative expense in connection with the JHJM Agreement and $9.0 million was capitalized as marketing easement rights and other intangible assets. See "Note 13 — Other Intangible Assets, Net " to our audited consolidated financial statements included in the 2015 Form 10-K/A for further detail on the intangible assets acquired. In addition, in light of the termination of the services agreement between JHJM and HM&C and the existence of a director designation agreement dated July 17, 2013, the Company agreed in the Master Agreement that, at least through December 31, 2017, so long as Mr. Cloobeck is serving as a member of the board of directors of the Company, he will continue to be the Chairman of the Board and, in such capacity, will receive annual compensation equal to two times the compensation generally paid to other non-employee directors, and he, his spouse and children will receive medical insurance coverage. Aircraft Leases In January 2012, the Company entered into an aircraft lease agreement with N702DR, LLC, a limited liability company of which Mr. Cloobeck is a beneficial owner and a controlling party. Pursuant to this lease agreement, the Company leases an aircraft from N702DR, LLC and paid N702DR, LLC $0.6 million for each of the three months ended June 30, 2016 and 2015 , respectively, and $1.2 million for each of the six months ended June 30, 2016 and 2015 , respectively. The Company has agreed not to terminate this aircraft lease agreement until at least December 31, 2017, subject to certain termination provisions in the aircraft lease agreement. In December 2007, in connection with the Company's lease of another aircraft from Banc of America Leasing & Capital, LLC, Mr. Cloobeck entered into a guaranty in favor of Banc of America Leasing & Capital, LLC. Pursuant to this guaranty, Mr. Cloobeck guarantees the Company's lease payments and any related indebtedness to Banc of America Leasing & Capital, LLC in connection with this aircraft lease. Pursuant to this agreement, the Company paid Banc of America Leasing & Capital, LLC $0.3 million for each of the three months ended June 30, 2016 and 2015 , and $0.6 million for each of the six months ended June 30, 2016 and 2015 . The Company did not compensate Mr. Cloobeck for providing these guaranties; however, the Company has agreed to indemnify and hold harmless Mr. Cloobeck and each of his affiliates from any and all amounts that Mr. Cloobeck is required to pay under the guaranty in favor of Banc of America Leasing & Capital, LLC. In exchange, Mr. Cloobeck has agreed to comply with all the covenants and agreements set forth in the guaranty for so long as Mr. Cloobeck or any of his affiliates is subject to the guaranty. The Company is a party to time sharing agreements with each of Mr. Cloobeck, Mr. Palmer, and Howard S. Lanznar, Executive Vice President and Chief Administrative Officer of the Company, in each case with respect to use of an aircraft leased by the Company. The respective time sharing agreements provide for the non-business use by the relevant individual of such aircraft, together with use of the Company's flight crew, and requires the relevant individual to reimburse the Company for specified costs related to such non-business use. The Company has also agreed that it will not charge Mr. Cloobeck for use of Company-leased aircraft for non-business purposes for an aggregate number of flight hours with a value, based upon the relative costs of operating the Company-leased aircraft, equal to 50 flight hours (beginning May 25, 2016 through the earlier of December 31, 2016 or the closing of the Pending Merger) on the Company-leased aircraft that is most expensive to operate. Guggenheim Relationship Pursuant to an agreement with the Company, DRP Holdco, LLC (the "Guggenheim Investor"), a significant investor in the Company, has the right to nominate two members to the Company's board of directors, subject to certain security ownership thresholds. Zachary Warren, a principal of Guggenheim Partners, LLC ("Guggenheim"), an affiliate of the Guggenheim Investor, serves as a member of the Company's board of directors as a nominee of the Guggenheim Investor. Previously, B. Scott Minerd served as a member of the Board, as the second designee of the Guggenheim Investor, until his resignation effective July 28, 2015. The Guggenheim Investor has not appointed a second designee to replace Mr. Minerd and presently does not intend to designate a second nominee pursuant to the Director Designation Agreement. Affiliates of Guggenheim are currently lenders under the Credit Suisse Conduit Facility, the Senior Credit Facility and the $64.5 million securitization transaction completed on April 27, 2011. See " Note 17 — Borrowings" to the audited consolidated financial statements included in the 2015 Form 10-K/A for further detail on these borrowings. March 2015 Secondary Offering On March 10, 2015, Cloobeck Diamond Parent, LLC (an entity beneficially owned and controlled by Mr. Cloobeck), the Guggenheim Investor and Best Amigos Partners, LLC (an entity beneficially owned and controlled by Lowell D. Kraff, who at that time was the Vice Chairman of the board of directors of the Company but was no longer a member of the board effective May 24, 2016) (collectively, the "Selling Stockholders") consummated the sale of an aggregate of 6,700,000 shares of common stock of the Company in an underwritten public offering. On March 20, 2015, the Selling Stockholders sold an additional aggregate of 802,316 shares of the Company's common stock to the underwriter pursuant to the underwriting agreement in connection with the underwriter's exercise of its over-allotment option. These transactions are collectively referred to as the "March 2015 Secondary Offering." The Company did not sell any stock in the March 2015 Secondary Offering and did not receive any proceeds from the offering. The Company purchased from the underwriter 1,515,582 shares sold by the Selling Stockholders in the March 2015 Secondary Offering at $32.99 per share (the same price per share at which the underwriter purchased shares from the Selling Stockholders) for a total purchase price of $50.0 million . The Company incurred $1.0 million in expenses related to the March 2015 Secondary Offering, including registration, filing and listing fees, printing fees and legal and accounting expenses, which are included in general and administrative expenses in the accompanying consolidated statements of income and comprehensive income. Praesumo Agreement In June 2009, the Company entered into an engagement agreement for individual independent contractor services with Praesumo Partners, LLC, a limited liability company of which Mr. Kraff, formerly the Vice Chairman of the Board, is a beneficial owner and a controlling party. Pursuant to this engagement agreement, Praesumo provides Mr. Kraff as an independent contractor to the Company to provide, among other things, acquisition, development and finance consulting services. In August 2015, the Company entered into a fourth extension agreement that extends the agreement through August 31, 2016. The Company does not intend to enter into another extension agreement with Praesumo Partners, LLC upon the expiration of the fourth extension agreement. In consideration of these services provided pursuant to this agreement, the Company paid to Praesumo Partners, LLC, $0.4 million and $0.5 million in fees and expense reimbursements during the three months ended June 30, 2016 and 2015 , respectively, and $0.9 million for each of the six months ended June 30, 2016 and 2015 , respectively. These amounts do not include certain travel-related costs paid directly by the Company.

Other Receivables, Net

Other Receivables, Net	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Other Receivables, Net	799 $ 77,510 $ 929 $ 592 $ 390 $ 461 $ 709 $ 80,591 700-799 424,623 7,040 4,473 5,254 4,671 5,192 451,253 600-699 227,181 9,927 4,765 3,485 3,879 4,193 253,430 <600 19,337 1,866 756 527 528 681 23,695 No FICO Credit Scores 15,599 796 330 200 206 250 17,381 $ 764,250 $ 20,558 $ 10,916 $ 9,856 $ 9,745 $ 11,025 $ 826,350 As of December 31, 2015 FICO Credit Scores Current 31-60 61-90 91-120 121-150 151-180 Total >799 $ 75,647 $ 751 $ 193 $ 338 $ 204 $ 287 $ 77,420 700-799 397,264 7,589 3,497 2,938 1,879 2,533 415,700 600-699 213,818 8,444 3,653 3,893 2,841 2,100 234,749 <600 19,393 1,700 881 333 533 465 23,305 No FICO Credit Scores 16,677 674 490 320 286 170 18,617 $ 722,799 $ 19,158 $ 8,714 $ 7,822 $ 5,743 $ 5,555 $ 769,791 The Company captures FICO credit scores when each loan is underwritten. The "No FICO Credit Scores" category in the tables above is primarily comprised of customers who live outside of the U.S. and Canada. Other Receivables, Net Other receivables, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Receivables related to sampler packages, net $ 15,239 $ 14,723 Interest receivable associated with Vacation Interests notes receivable 7,827 7,919 Rental receivables and other resort management-related receivables, net 3,055 2,737 Club dues receivable, net 1,561 25,028 Insurance claims receivable 1,322 1,262 Other receivables 2,844 4,117 Total other receivables, net of allowances of $8,100 and $12,300, respectively $ 31,848 $ 55,786 The allowance for doubtful accounts relates primarily to receivables for sampler packages and Club dues. The Company considers factors such as economic conditions, industry trends, defaults and age of the receivables to analyze the adequacy of the allowance. Any adjustments to the allowance are recorded within management and member services revenue or Vacation Interests carrying cost, net in the Company's condensed consolidated statements of income and comprehensive income. In connection with the Intrawest Acquisition, the Company acquired $0.3 million of other receivables, net based on a preliminary appraisal. This amount is included within the balances as of June 30, 2016 in the table above. See "Note 24—Business Combinations" for further details." id="sjs-B4" xml:space="preserve"> Vacation Interests Notes Receivable and Allowance The Company provides financing to purchasers of VOIs at North American and St. Maarten sales centers that is collateralized by their VOIs. Eligibility for this financing is principally dependent upon the customers’ Fair Isaac Corporation ("FICO") credit scores and other factors based on review of the customer’s credit history. As of June 30, 2016 , the Vacation Interests notes receivable bore interest at fixed rates between 6.0% and 18.0% . The terms of the Vacation Interests notes receivable range from two years to 15 years and may be prepaid at any time without penalty. Vacation Interests notes receivable originated by the Company within the last five years have a term of 10 years. The weighted average interest rate of outstanding Vacation Interests notes receivable was 14.5% and 14.6% as of June 30, 2016 and December 31, 2015 , respectively. The Company charges off Vacation Interests notes receivable upon the earliest of (i) the customer's account becoming over 180 days delinquent; or (ii) the completion of cancellation or foreclosure proceedings. Collection costs related to delinquent loans are expensed as incurred. Vacation Interests notes receivable from 91 to 180 days past due as of June 30, 2016 and December 31, 2015 were 3.7% and 2.5% , respectively, of gross Vacation Interests notes receivable. In connection with the Intrawest Acquisition, the Company acquired $22.1 million of Vacation Interests notes receivable (which is net of a $3.2 million allowance and a $1.5 million discount) based on a preliminary appraisal. This amount is included within the balances as of June 30, 2016 throughout the tables in this footnote. See " Note 24—Business Combinations " for further details. The Vacation Interests notes receivable, net balance includes deferred origination costs related to Vacation Interests notes receivable originated by the Company, net of the related allowance. Vacation Interests notes receivable origination costs incurred in connection with providing financing for VOIs are capitalized and amortized over the estimated life of the Vacation Interests notes receivable, based on historical prepayments, as a decrease to interest revenue using the effective interest method. Amortization of deferred loan and contract origination costs charged to interest revenue was $4.1 million and $3.1 million for the three months ended June 30, 2016 and 2015 , respectively, and $8.0 million and $6.1 million for the six months ended June 30, 2016 and 2015 , respectively. Gross Vacation Interests notes receivable as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Vacation Interests notes receivable - collateralized against securitization notes and Funding Facilities $ 676,162 $ 688,777 Vacation Interests notes receivable - other 150,188 81,014 Total Vacation Interests notes receivable $ 826,350 $ 769,791 See "Note 17—Borrowings" for further detail on the Company's various borrowings included in "Securitization notes and Funding Facilities" in the accompanying condensed consolidated balance sheets. Vacation Interests notes receivable, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Vacation Interests notes receivable, originated $ 784,685 $ 744,532 Vacation Interests notes receivable, purchased 41,665 25,259 Vacation Interests notes receivable, gross 826,350 769,791 Allowance for loan losses (173,040 ) (165,331 ) Deferred profit on Vacation Interests transactions (1,367 ) (1,780 ) Deferred loan and contract origination costs, net 15,415 15,546 Inventory value of defaulted Vacation Interests notes receivable that were previously purchased 6,816 4,152 Premium on Vacation Interests notes receivable, net — 229 Discount on Vacation Interests notes receivable, net (1,346 ) — Vacation Interests notes receivable, net $ 672,828 $ 622,607 Deferred profit on Vacation Interests transactions represents revenues less direct costs related to sales (sales commissions, sales incentives, cost of sales and provision for loan losses) that do not qualify for revenue recognition under ASC 978, "Real Estate - Time-Sharing Activities" ("ASC 978"). See " Note 2—Summary of Significant Accounting Policies " to the audited consolidated financial statements included in the 2015 Form 10-K/A for a description of revenue recognition criteria. Inventory value of defaulted Vacation Interests notes receivable that were previously purchased represents the inventory underlying Vacation Interests notes receivable that have defaulted. Upon recovery of the inventory, the value is transferred to unsold Vacation Interests, net. Activity in the allowance associated with Vacation Interests notes receivable as of the dates presented below consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Balance, beginning of period $ 168,998 $ 135,701 $ 165,331 $ 130,639 Provision for uncollectible Vacation Interests sales (a) 30,774 20,874 52,660 34,836 Write-offs, net (26,732 ) (10,745 ) (44,951 ) (19,645 ) Balance, end of period $ 173,040 $ 145,830 $ 173,040 $ 145,830 (a) The provision for uncollectible Vacation Interests sales shows activity in the allowance for expected losses associated with Vacation Interests notes receivable and is exclusive of ASC 978 adjustments related to deferred revenue. A summary of the credit quality and aging as of the dates presented below is as follows (in thousands): As of June 30, 2016 FICO Credit Scores Current 31-60 61-90 91-120 121-150 151-180 Total >799 $ 77,510 $ 929 $ 592 $ 390 $ 461 $ 709 $ 80,591 700-799 424,623 7,040 4,473 5,254 4,671 5,192 451,253 600-699 227,181 9,927 4,765 3,485 3,879 4,193 253,430 <600 19,337 1,866 756 527 528 681 23,695 No FICO Credit Scores 15,599 796 330 200 206 250 17,381 $ 764,250 $ 20,558 $ 10,916 $ 9,856 $ 9,745 $ 11,025 $ 826,350 As of December 31, 2015 FICO Credit Scores Current 31-60 61-90 91-120 121-150 151-180 Total >799 $ 75,647 $ 751 $ 193 $ 338 $ 204 $ 287 $ 77,420 700-799 397,264 7,589 3,497 2,938 1,879 2,533 415,700 600-699 213,818 8,444 3,653 3,893 2,841 2,100 234,749 <600 19,393 1,700 881 333 533 465 23,305 No FICO Credit Scores 16,677 674 490 320 286 170 18,617 $ 722,799 $ 19,158 $ 8,714 $ 7,822 $ 5,743 $ 5,555 $ 769,791 The Company captures FICO credit scores when each loan is underwritten. The "No FICO Credit Scores" category in the tables above is primarily comprised of customers who live outside of the U.S. and Canada. Other Receivables, Net Other receivables, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Receivables related to sampler packages, net $ 15,239 $ 14,723 Interest receivable associated with Vacation Interests notes receivable 7,827 7,919 Rental receivables and other resort management-related receivables, net 3,055 2,737 Club dues receivable, net 1,561 25,028 Insurance claims receivable 1,322 1,262 Other receivables 2,844 4,117 Total other receivables, net of allowances of $8,100 and $12,300, respectively $ 31,848 $ 55,786 The allowance for doubtful accounts relates primarily to receivables for sampler packages and Club dues. The Company considers factors such as economic conditions, industry trends, defaults and age of the receivables to analyze the adequacy of the allowance. Any adjustments to the allowance are recorded within management and member services revenue or Vacation Interests carrying cost, net in the Company's condensed consolidated statements of income and comprehensive income. In connection with the Intrawest Acquisition, the Company acquired $0.3 million of other receivables, net based on a preliminary appraisal. This amount is included within the balances as of June 30, 2016 in the table above. See "Note 24—Business Combinations" for further details.

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets, Net	6 Months Ended
	Jun. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets Disclosure	Prepaid Expenses and Other Assets, Net Prepaid expenses and other assets, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Unamortized maintenance fees $ 59,143 $ — Vacation Interests purchases in transit 37,653 29,323 Deferred commissions 17,020 17,109 Prepaid member benefits and affinity programs 7,566 2,689 Other inventory or consumables 5,729 4,767 Prepaid insurance 3,869 2,670 Prepaid sales and marketing costs 3,513 2,601 Debt issuance costs, net 3,350 2,545 Deposits and advances 2,663 2,635 Prepaid maintenance fees 2,323 3,843 Other 15,665 8,272 Total prepaid expenses and other assets, net $ 158,494 $ 76,454 In connection with the Intrawest Acquisition, the Company acquired $9.5 million of prepaid expenses and other assets, net based on a preliminary appraisal. This amount is included within the balances as of June 30, 2016 in the table above. See " Note 24—Business Combinations " for further details. The nature of selected balances included in prepaid expenses and other assets, net includes: Unamortized maintenance fees — prepaid annual maintenance fees on unsold Vacation Interests owned by the Company billed by the HOAs and the Diamond Collections for resorts included in the Company's resort network that are managed by the Company, which are charged to expense ratably over the year. Debt issuance costs, net — The Company adopted ASU No. 2015-03 as of its quarter ended March 31, 2016 and reclassified debt issuance costs related to its non-revolving borrowings from prepaid expenses and other assets, net to Senior Credit Facility, net and securitization notes and Funding Facilities, net in the accompanying condensed consolidated balance sheets. See "Note 2 — Summary of Significant Accounting Policies" for further detail. The Company elected to continue to include the debt issuance costs associated with its Funding Facilities and the revolving line of credit under the Senior Credit Facility as prepaid expenses and other assets, net. Amortization of capitalized debt issuance costs that are classified as prepaid expenses and other assets, net in the table above was $0.6 million and $0.4 million for the three months ended June 30, 2016 and 2015 , respectively, and $1.1 million and $0.8 million for the six months ended June 30, 2016 and 2015 , respectively, and is included in interest expense.

Unsold Vacation Interests, Net

Unsold Vacation Interests, Net	6 Months Ended
	Jun. 30, 2016
Unsold Vacation Interests, Net [Abstract]
Unsold Vacation Interests, Net	Unsold Vacation Interests, Net (Restated - See Note 3) Unsold Vacation Interests, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 (as Restated) Completed unsold Vacation Interests, net $ 367,850 $ 322,945 Undeveloped land 36,085 35,974 Vacation Interests construction in progress 1,622 23,522 Unsold Vacation Interests, net $ 405,557 $ 382,441 Activity related to unsold Vacation Interests, net for the periods presented below consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Balance, beginning of period $ 389,845 $ 314,515 $ 382,441 $ 295,333 Vacation Interests cost of sales (15,742 ) (9,414 ) (26,983 ) (13,124 ) Inventory recovery 27,444 18,913 27,780 18,777 Purchases and adjustments in connection with business combinations 308 — 17,000 — Open market and bulk purchases 1,239 9,104 4,553 14,866 Capitalized legal, title and trust fees 5,193 4,419 7,755 7,677 Construction in progress 2,009 5,898 3,078 7,806 Transfer of construction in progress to property and equipment, net (67 ) — (5,769 ) — Loan default recoveries related to business combinations 5,208 563 5,881 2,176 Transfers (to) from assets held for sale (7,910 ) (177 ) (7,910 ) 12,982 Effect of foreign currency translation (1,819 ) 2,472 (2,054 ) (464 ) Other (151 ) 336 (215 ) 600 Balance, end of period $ 405,557 $ 346,629 $ 405,557 $ 346,629 In connection with the Intrawest Acquisition, the Company acquired $17.0 million of unsold Vacation Interests based on a preliminary appraisal. This amount is included within the balances as of June 30, 2016 in the table above. See " Note 24—Business Combinations " for further details. Vacation Interests construction in progress includes costs related to the construction of new units at the Cabo Azul Resort located in San Jose del Cabo, Mexico, and the Beachwoods Resort in Outer Banks, North Carolina (the management contract with respect to such resort was acquired in connection with the Gold Key Acquisition) and the development of a new resort in Kona, Hawaii. See " Note 19—Commitments and Contingencies" for additional information regarding the development of this new resort in Kona, Hawaii. Loan default recoveries related to business combinations represent the recovered inventory underlying defaulted Vacation Interests notes receivable that were acquired in connection with the Company's business combinations. See "Note 2—Summary of Significant Accounting Policies" to the audited consolidated financial statements included in the 2015 Form 10-K/A for further discussion of unsold Vacation Interests, net.

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Land and improvements $ 21,022 $ 20,219 Buildings and leasehold improvements 69,477 60,281 Furniture and office equipment 23,983 21,845 Computer software 53,101 46,231 Computer equipment 20,764 19,146 Construction in progress 1,796 2,522 Property and equipment, gross 190,143 170,244 Less: Accumulated depreciation (84,168 ) (74,883 ) Property and equipment, net $ 105,975 $ 95,361 In connection with the Intrawest Acquisition, the Company acquired $2.0 million of property and equipment based on a preliminary appraisal. This amount is included within the balances as of June 30, 2016 in the table above. See " Note 24—Business Combinations " for further details. Depreciation expense related to property and equipment was $5.1 million and $4.0 million for the three months ended June 30, 2016 and 2015 , respectively, and $10.2 million and $7.9 million for the six months ended June 30, 2016 and 2015 , respectively.

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2016
Goodwill [Abstract]
Goodwill Disclosure	Goodwill Goodwill represents the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. As required by ASC 350, "Intangibles — Goodwill and Other," the Company does not amortize goodwill, but rather evaluates goodwill by reporting unit for potential impairment on an annual basis during the fourth quarter of each year or at other times during the year if events or circumstances indicate that it is more likely than not that the fair value of a reporting unit is below the carrying amount. The changes in the carrying amount of goodwill are as follows (in thousands): Hospitality and Management Services Vacation Interests Sales and Financing Total Balance as of December 31, 2015: Island One Acquisition - July 2013 $ 30,165 $ 467 $ 30,632 HM&C Acquisition - January 2015 10 — 10 Gold Key Acquisition - October 2015 13,777 60,102 73,879 Balance as of December 31, 2015 43,952 60,569 104,521 Changes to goodwill during the six months ended June 30, 2016: Adjustment to Gold Key Acquisition based on appraisal 1,480 (984 ) 496 Intrawest Acquisition - January 2016 5,832 17,025 22,857 Total changes to goodwill during the six months ended June 30, 2016 7,312 16,041 23,353 Balance as of June 30, 2016: Island One Acquisition - July 2013 30,165 467 30,632 HM&C Acquisition - January 2015 10 — 10 Gold Key Acquisition - October 2015 15,257 59,118 74,375 Intrawest Acquisition - January 2016 5,832 17,025 22,857 Balance as of June 30, 2016 $ 51,264 $ 76,610 $ 127,874 See "Note 24—Business Combinations" for further detail on the Gold Key Acquisition and the Intrawest Acquisition and "Note 7—Transactions with Related Parties" for further detail on the HM&C Acquisition.

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Thousands	Jan. 29, 2016	Mar. 31, 2016	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Goodwill [Line Items]
Goodwill			$ 127,874		$ 104,521
Goodwill, Purchase Accounting Adjustments			23,353
Hospitality and Management Services [Member]
Goodwill [Line Items]
Goodwill			51,264		43,952
Goodwill, Purchase Accounting Adjustments			7,312
Vacation Interest Sales and Financing [Member]
Goodwill [Line Items]
Goodwill			76,610		60,569
Goodwill, Purchase Accounting Adjustments			16,041
island One Acquisition [Member]
Goodwill [Line Items]
Goodwill			30,632		30,632
island One Acquisition [Member] | Hospitality and Management Services [Member]
Goodwill [Line Items]
Goodwill			30,165		30,165
island One Acquisition [Member] | Vacation Interest Sales and Financing [Member]
Goodwill [Line Items]
Goodwill			467		467
HM&C Acquisition [Member]
Goodwill [Line Items]
Goodwill			10		10
HM&C Acquisition [Member] | Hospitality and Management Services [Member]
Goodwill [Line Items]
Goodwill			10		10
HM&C Acquisition [Member] | Vacation Interest Sales and Financing [Member]
Goodwill [Line Items]
Goodwill			0		0
Gold Key Acquisition [Member]
Goodwill [Line Items]
Goodwill			74,375		73,879
Goodwill, Purchase Accounting Adjustments		$ 496
Gold Key Acquisition [Member] | Hospitality and Management Services [Member]
Goodwill [Line Items]
Goodwill			15,257		13,777
Goodwill, Purchase Accounting Adjustments		1,480
Gold Key Acquisition [Member] | Vacation Interest Sales and Financing [Member]
Goodwill [Line Items]
Goodwill			59,118		$ 60,102
Goodwill, Purchase Accounting Adjustments		$ (984)
Intrawest Acquisition [Member]
Goodwill [Line Items]
Goodwill			22,857
Goodwill, Acquired During Period	$ 22,857		22,857	$ 0
Intrawest Acquisition [Member] | Hospitality and Management Services [Member]
Goodwill [Line Items]
Goodwill			5,832
Goodwill, Acquired During Period	5,832
Intrawest Acquisition [Member] | Vacation Interest Sales and Financing [Member]
Goodwill [Line Items]
Goodwill			$ 17,025
Goodwill, Acquired During Period	$ 17,025

Intangible Assets, Net

Intangible Assets, Net	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets, Net	Other Intangible Assets, Net Other intangible assets, net consisted of the following as of June 30, 2016 (in thousands): Gross Carrying Cost Accumulated Amortization Net Book Value Management contracts $ 244,581 $ (64,884 ) $ 179,697 Member relationships and the Clubs 56,730 (40,102 ) 16,628 Rights to develop inventory 20,700 (859 ) 19,841 Rental agreements 16,000 (2,833 ) 13,167 Marketing easement rights 8,717 (654 ) 8,063 Distributor relationships and other 5,063 (2,611 ) 2,452 Total other intangible assets $ 351,791 $ (111,943 ) $ 239,848 Other intangible assets, net consisted of the following as of December 31, 2015 (in thousands): Gross Carrying Cost Accumulated Amortization Net Book Value Management contracts $ 226,515 $ (58,278 ) $ 168,237 Member relationships and the Clubs 55,866 (39,298 ) 16,568 Rental agreements 15,800 (823 ) 14,977 Rights to develop inventory 11,600 (173 ) 11,427 Marketing easement rights 8,717 (436 ) 8,281 Distributor relationships and other 5,096 (2,396 ) 2,700 Total other intangible assets $ 323,594 $ (101,404 ) $ 222,190 In connection with the Intrawest Acquisition, the Company recorded the following intangible assets included in the table above (dollars in thousands): Weighted Average Useful Life in Years Based on Preliminary Appraisal as of January 29, 2016 Adjustments Recorded through June 30, 2016 Based on Updated Appraisal as of June 30, 2016 Management contracts 20 $ 16,700 $ 2,300 $ 19,000 Rights to develop inventory 14 9,600 (300 ) 9,300 Member relationships 6 1,000 — 1,000 $ 27,300 $ 2,000 $ 29,300 Amortization expense for other intangible assets was $5.7 million and $4.5 million for the three months ended June 30, 2016 and 2015 , respectively, and $11.2 million and $9.2 million for the six months ended June 30, 2016 and 2015 , respectively. As of June 30, 2016 , the estimated aggregate amortization expense for intangible assets was expected to be $22.0 million , $21.3 million , $21.2 million , $18.3 million and $17.1 million for the successive 12 month periods ending June 30, 2017 through 2021, respectively, and $139.9 million for the remaining lives of these intangible assets.

Assets Held for sale

Assets Held for sale	6 Months Ended
	Jun. 30, 2016
Assets Held for Sale [Abstract]
Assets Held for Sale	Assets Held for Sale Assets held for sale are recorded at the lower of cost or their estimated fair value less cost to sell and are not subject to depreciation. Sale of the assets classified as such is probable, and transfer of the assets is expected to qualify for recognition as a completed sale, generally within one year of the applicable balance sheet date. Assets held for sale as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Unsold units and certain resorts in Europe $ 8,931 $ 1,518 A unit at Cabo Azul Resort in Mexico — 154 Total assets held for sale $ 8,931 $ 1,672 During the three months ended June 30, 2016, the Company transferred a resort in its European operations from unsold Vacation Interests to assets held for sale in accordance with ASC 360, "Property, Plant and Equipment" ("ASC 360"). In addition, the sale of another resort in the Company's European operations was pending as of June 30, 2016 and December 31, 2015 . The proceeds related to this resort were paid in full by April 2016 and the Company will transfer title to the resort by May 2017. Because the sale will not be considered consummated until title has been transferred, the resort pending consummation of sale will continue to be included in assets held for sale until such title transfer has occurred.

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Jun. 30, 2016
Accrued Liabilities Disclosure [Abstract]
Accrued Liabilities	Accrued Liabilities (Restated - See Note 3) Accrued liabilities as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 (Restated) Liability for unrecognized tax benefit $ 91,250 $ 76,001 Accrued payroll and related 25,376 37,154 Accrued marketing expenses 22,966 24,885 Accrued other taxes 17,244 15,525 Accrued commissions 16,206 22,774 Gold Key inventory recovery agreement 10,071 12,371 Accrued professional fees 8,467 4,336 Accrued insurance 7,681 7,795 Intrawest inventory repurchase obligation 7,400 — Accrued escrow liability 3,832 3,784 Accrued operating lease liabilities 2,950 3,309 Accrued exchange company fees 1,555 2,131 Other 14,045 11,854 Total accrued liabilities $ 229,043 $ 221,919 Liability for unrecognized tax benefit — represents amounts recorded related to uncertainty in income taxes, including potential interest charges, recognized in the Company's financial statements in accordance with ASC 740, "Income Taxes." See "Note 18 — Income Taxes" to the audited consolidated financial statements included in the 2015 Form 10-K/A for further detail. In connection with the Intrawest Acquisition, the Company recorded $11.5 million of accrued liabilities based on a preliminary appraisal, including $7.4 million in an inventory repurchase obligation and $4.1 million in other accrued liabilities. This amount is included within the balances as of June 30, 2016 in the table above. See " Note 24—Business Combinations " for further details.

Deferred Revenues

Deferred Revenues	6 Months Ended
	Jun. 30, 2016
Deferred Revenue Disclosure [Abstract]
Deferred Revenues	Deferred Revenues Deferred revenues as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Deferred sampler package revenue $ 67,521 $ 66,285 Club deferred revenue 24,518 43,890 Guest deposits 8,573 6,631 Other 6,259 2,914 Total deferred revenues $ 106,871 $ 119,720 In connection with the Intrawest Acquisition, the Company recorded $2.5 million of deferred revenues based on a preliminary appraisal. This amount is included within the balances as of June 30, 2016 in the table above. See " Note 24—Business Combinations " for further details.

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Borrowings	Borrowings On May 9, 2016, the Company entered into an Omnibus Amendment (the “Amendment”) to its $200 million Credit Suisse Conduit Facility to: (i) decrease the percentage included in the calculation of the Borrowing Base (as defined in the Credit Suisse Conduit Facility) from 88% to 85% ; (ii) increase the reserve account requirement from 0.25% of the Aggregate Loan Balance of the Borrowing Base Loans minus the Excluded Loan Balance (each as defined in the Credit Suisse Conduit Facility) to the greater of $3.5 million and 5.0% of such items; (iii) increase from greater than 6.50% to greater than 8.25% the average Delinquency Level with respect to the Securitized Portfolio that constitutes a Securitized Portfolio Performance Event, for the Payment Dates (each as defined in the Credit Suisse Conduit Facility) from May 20, 2016 through October 20, 2016; and (iv) increase from greater than 0.90% to greater than 2.25% the average Default Level (as defined in the Credit Suisse Conduit Facility) with respect to the Securitized Portfolio that constitutes a Securitized Portfolio Performance Event, for the Payment Dates from May 20, 2016 through October 20, 2016. On May 11, 2016, the Company entered into an agreement with Capital One, National Association for the $100.0 million Capital One Conduit Facility. Borrowings under the Capital One Conduit Facility are secured by certain of the Company’s Vacation Interests notes receivable, bear interest at 30-day LIBOR plus 2.25% and carry a non-use fee of 0.75% . The advance rate on the Vacation Interests notes receivable is limited to 85% of the aggregate face value of eligible loans. The Capital One Conduit Facility has a stated maturity of May 11, 2020, inclusive of (i) a 30-month loan advance period and (ii) an 18-month amortization period. The Capital One Conduit Facility also provides for a $10 million sub-limit for Canadian-dollar denominated Vacation Interests notes receivable. The Capital One Conduit Facility is non-recourse and contains financial covenants consistent with the Company’s other existing financings and customary default provisions. During the six months ended June 30, 2016 , the Company issued two unsecured notes to finance premiums on certain insurance policies, both of which carry an interest rate of 2.5% per annum. See " Note 17 — Borrowings" to the audited consolidated financial statements included in the 2015 Form 10-K/A for further detail on the Company's borrowings. The following table presents selected information on the Company’s borrowings as of the dates presented below (dollars in thousands): June 30, 2016 December 31, 2015 Principal Weighted Maturity Gross Amount of Vacation Interests notes receivable as Collateral Borrowing / Funding Availability Principal Senior Credit Facility $ 574,666 5.5% 5/9/2021 $ — $ 25,000 $ 574,666 Original issue discount and debt issuance costs related to Senior Credit Facility (except the revolving line of credit) (15,218 ) — — (16,250 ) Notes payable-insurance policies 8,612 2.5% Various — — 4,586 Notes payable-other — — — 164 Total Corporate Indebtedness 568,060 — 25,000 563,166 Diamond Resorts Owner Trust 2015-2 (1) 124,986 3.1% 5/22/2028 132,493 — 172,583 Diamond Resorts Owner Trust 2014-1 (1) 111,997 2.6% 5/20/2027 121,736 — 140,256 Diamond Resorts Owner Trust 2015-1 (1) 88,796 2.8% 7/20/2027 95,889 — 126,776 Diamond Resorts Owner Trust 2013-2 (1) 69,471 2.3% 5/20/2026 77,190 — 84,659 Credit Suisse Conduit Facility (1) 65,694 3.2% 4/10/2017 75,976 134,306 (2) 22,538 Capital One Conduit Facility (1) 63,757 2.7% 5/12/2020 73,503 36,243 (2) — DRI Quorum Facility and Island One Quorum Funding Facility (1) 42,945 4.4% Various 49,526 57,055 (2) 45,411 Diamond Resorts Owner Trust 2013-1 (1) 26,213 2.0% 1/20/2025 29,126 — 30,681 Diamond Resorts Owner Trust 2011-1 (1) 10,127 4.0% 3/20/2023 10,806 — 12,073 Diamond Resorts Tempus Owner Trust 2013 (1) 4,449 6.0% 12/20/2023 9,917 — 7,884 Original issue discount and debt issuance costs related to securitization notes and Funding Facilities (11,109 ) — — (12,781 ) Total Securitization Notes and Funding Facilities 597,326 676,162 227,604 630,080 Total $ 1,165,386 $ 676,162 $ 252,604 $ 1,193,246 (1) Non-recourse indebtedness (2) Borrowing / funding availability is calculated as the difference between the maximum commitment amount and the outstanding principal balance; however, the actual availability is dependent on the amount of eligible loans that serve as the collateral for such borrowings. Amortization of original issue discount and capitalized debt issuance costs that are classified as contra-borrowings in the table above was $1.6 million and $1.0 million for the three months ended June 30, 2016 and 2015 , respectively, and $3.1 million and $2.0 million for the six months ended June 30, 2016 and 2015 , respectively, and is included in interest expense in the accompanying condensed consolidated statements of income and comprehensive income. The Company adopted ASU No. 2015-03 as of its quarter ended March 31, 2016 and reclassified debt issuance costs related to its non-revolving borrowings from prepaid expenses and other assets, net to Senior Credit Facility, net and securitization notes and Funding Facilities, net in the accompanying condensed consolidated balance sheets. See "Note 2 — Summary of Significant Accounting Policies" for further detail. The Company elected to continue to include the debt issuance costs associated with its Funding Facilities and the revolving line of credit under the Senior Credit Facility in prepaid expenses and other assets, net. Borrowing Restrictions and Limitations All of the Company’s borrowings under the Senior Credit Facility, securitization notes, the Credit Suisse Conduit Facility and the Capital One Conduit Facility contain various restrictions and limitations that may affect the Company's business and affairs. These include, but are not limited to, restrictions and limitations relating to its ability to incur indebtedness and other obligations, to make investments and acquisitions, to pay dividends and to repurchase shares of the Company's common stock. The Company is also required to maintain certain ratios and comply with other financial and performance covenants. The failure of the Company to comply with any of these provisions, or to pay its obligations, could result in foreclosure by the lenders of their security interests in the Company’s assets, and could otherwise have a material adverse effect on the Company. The Company was in compliance with all of the financial covenants as of June 30, 2016 . Liquidity Historically, the Company has depended on the availability of credit to finance the consumer loans that it provides to its customers for the purchase of their VOIs. Typically, these loans require a minimum cash down payment of 10.0% of the purchase price at the time of sale. However, selling, marketing and administrative expenses attributable to VOI sales are primarily cash expenses and often exceed the buyer's minimum down payment requirement. Accordingly, the availability of financing facilities for the sale or pledge of these receivables to generate liquidity is a critical factor in the Company's ability to meet its short-term and long-term cash needs. The Company has historically relied upon its ability to sell receivables in the securitization market in order to generate liquidity and create capacity on its Funding Facilities.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes In accordance with ASC 740-270, "Accounting for Income Taxes in Interim Periods," the income tax provisions for the six months ended June 30, 2016 and 2015 were determined primarily using estimated annual effective tax rates based on estimated income before provision for income taxes for the full years ending December 31, 2016 and 2015 , respectively. For certain foreign jurisdictions, the tax provisions for the six months ended June 30, 2016 and 2015 were determined using year-to-date income before provision for income taxes.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Contractual Obligations The Company has entered into various contractual obligations primarily related to sales center remodeling, property amenity improvement and corporate office expansion projects. The total remaining commitment was $3.2 million as of June 30, 2016 . Hurricane Odile In September 2014, Hurricane Odile, a Category 4 hurricane, inflicted widespread damage on the Baja California peninsula, particularly in San Jose Del Cabo, where the Cabo Azul Resort, one of the Company's managed resorts, is located. Hurricane Odile caused significant damage to the buildings as well as the facilities and amenities at the Cabo Azul Resort, including unsold Vacation Interests and property and equipment owned by the Company. During the six months ended June 30, 2015, the Company received $5.0 million in proceeds from its insurance carrier for property damage resulting from Hurricane Odile. The Company did not receive any proceeds related to such claim during the six months ended June 30, 2016 ; however, management believes that it will receive additional amounts under the Company's insurance policies to cover the balance of costs incurred by the Company in excess of the $5.0 million already received when the insurance claim is ultimately settled. In addition, the Company has filed a claim under its business interruption insurance policy for business profits lost during the period that the Cabo Azul Resort remained closed as a result of the damage suffered in Hurricane Odile. During the year ended December 31, 2015 , the Company received an aggregate of $6.0 million from its insurance carrier related to such claim, which was recognized as other revenue in the condensed consolidated statements of income and comprehensive income. The Company did not receive any proceeds related to such claim during the six months ended June 30, 2016 or June 30, 2015 . The total claim remains under negotiation with the insurance carrier and any further payments will be recorded in the periods in which they are received. The Cabo Azul Resort and the on-site sales center reopened on September 1, 2015. Kona Agreement On July 28, 2015, the Company entered into an agreement for the purchase and sale of property, which was amended on February 25, 2016, June 30, 2016 and July 29, 2016 (as amended, the "Kona Agreement"), with Hawaii Funding LLC (the "Kona Seller"), an affiliate of Och-Ziff Real Estate. The Kona Agreement relates to the development by the Kona Seller of a new resort, which is expected to consist of 144 on property located in Kona, Hawaii to be acquired by the Kona Seller. Pursuant to the Kona Agreement, the Company agreed to purchase all of the units, subject to the satisfaction of specified conditions, including a period of assessment by both parties of the suitability and feasibility of the property for its intended use. The amendments to the Kona Agreement ultimately extended the Feasibility Period and the Termination Outside Date, each as defined in the Kona Agreement, to October 1, 2016 and October 8, 2016, respectively, and as a condition to the effectiveness of these amendments and as consideration for the extension of the Feasibility Period, the Company paid to the Kona Seller a fee of $300,000 in the aggregate. Litigation Contingencies From time to time, the Company or its subsidiaries are subject to certain legal proceedings and claims in the ordinary course of business. The Company evaluates these legal proceedings and claims at each balance sheet date to determine the degree of probability of an unfavorable outcome and, when it is probable that a liability has been incurred, the Company’s ability to make a reasonable estimate of loss. The Company records a contingent litigation liability when it determines that it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements ASC 820, "Fair Value Measurements" ("ASC 820"), defines fair value, establishes a framework for measuring fair value in accordance with U.S. GAAP and expands disclosures about fair value measurements. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories: • Level 1: Quoted prices for identical instruments in active markets. • Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs or significant value drivers are observable. • Level 3: Unobservable inputs used when little or no market data is available. As of June 30, 2016 , the only assets and liabilities of the Company measured at fair value on a recurring basis were those related to the March 2016 Swap and the December 2015 Swap. As of December 31, 2015 , the only assets and liabilities of the Company measured at fair value on a recurring basis were those related to the December 2015 Swap. The fair values of both the March 2016 Swap and the December 2015 Swap were based on valuation reports provided by the counterparty and were classified as Level 3, based on the fact that the credit risk data used for the valuations were not directly observable and could not be corroborated by observable market data. The Company’s assessment of the significant inputs to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. See " Note 4—Concentrations of Risk " for further detail on the derivative instruments. The following table summarizes the information regarding the Company's derivative instruments as of the dates presented below (in thousands): As of June 30, 2016 As of December 31, 2015 Carrying Value Total Estimated Fair Value Carrying Value Total Estimated Fair Value Liabilities: Interest rate swap agreements $ 90 $ 90 $ 146 $ 146 Total Liabilities $ 90 $ 90 $ 146 $ 146 As of June 30, 2016 and December 31, 2015 , Vacation Interests notes receivable had a balance of $672.8 million and $622.6 million , net of allowance, respectively. The allowance for losses against the Vacation Interests notes receivable is derived using a static pool analysis to develop historical default percentages based on FICO credit scores to apply to the Vacation Interests notes receivable population. The Company evaluates other factors such as economic conditions, industry trends and past due aging reports in order to determine the adjustments needed to true up the allowance, which adjusts the carrying value of Vacation Interests notes receivable to management's best estimate of collectability. As a result of such evaluation, the Company believes that the carrying value of the Vacation Interests notes receivable approximated its fair value at June 30, 2016 and December 31, 2015 . These financial assets were classified as Level 3, as there is little market data available. As of June 30, 2016 and December 31, 2015 , the borrowings under the Senior Credit Facility were classified as Level 2 and the Company believes the fair value of the Senior Credit Facility approximated its carrying value (excluding unamortized debt issuance costs) at such dates due to the fact that the market for similar instruments remained stable since May 2014, when the Company entered into the Senior Credit Facility. As of June 30, 2016 and December 31, 2015 , the borrowings under the Credit Suisse Conduit Facility were classified as Level 2 and the Company believes the fair value of the Credit Suisse Conduit Facility approximated its carrying value at such dates due to the fact that the market for similar instruments remained stable since February 2015, when the Company entered into the latest amendment of the Credit Suisse Conduit Facility. As of June 30, 2016 , the borrowings under the Capital One Conduit Facility were classified as Level 2 and the Company believes the fair value of the Capital One Conduit Facility approximated its carrying value due to the fact it was recently issued and, therefore, measured using other significant observable inputs. As of June 30, 2016 and December 31, 2015 , the Quorum Facility and a loan sale agreement that the Company assumed in connection with a previous business combination were classified as Level 2 based on an internal analysis performed by the Company utilizing the discounted cash flow model and the quoted prices for identical or similar instruments in markets that are not active. As of June 30, 2016 and December 31, 2015 , all of the Company’s notes issued in its securitization transactions were classified as Level 2. The Company believes the fair value of these borrowings, all of which except the Diamond Resorts Tempus Owner Trust 2013 Notes with a face value of $31.0 million (the "Tempus 2013 Notes") were determined with the assistance of an investment banking firm, approximated similar instruments in active markets. The Tempus 2013 Notes were classified as Level 2 as the Company believes the fair value of the Tempus 2013 Notes approximated their carrying value due to the fact that the market for similar instruments remained stable since September 2013, the issuance date of the Tempus 2013 Notes. See "Note 17—Borrowings" to the audited consolidated financial statements included in the 2015 Form 10-K/A for further detail on these borrowings. As of June 30, 2016 and December 31, 2015 , the fair values of all other debt instruments were not calculated, based on the fact that they were either due within one year or were immaterial. In accordance with ASC 820, the Company also applied the provisions of fair value measurement to various non-recurring measurements for the Company’s financial and non-financial assets and liabilities and recorded the impairment charges. The Company’s non-financial assets consist of property and equipment, which are recorded at cost, net of depreciation, unless impaired, and assets held for sale, which are recorded at the lower of cost or their estimated fair value less costs to sell. The carrying values and estimated fair values of the Company's financial instruments as of June 30, 2016 were as follows (in thousands): Carrying Value Total Estimated Fair Value Estimated Fair Value (Level 2) Estimated Fair Value (Level 3) Assets: Vacation Interests notes receivable, net $ 672,828 $ 672,828 $ — $ 672,828 Total assets $ 672,828 $ 672,828 $ — $ 672,828 Liabilities: Senior Credit Facility, net $ 559,448 $ 570,307 $ 570,307 $ — Securitization notes and Funding Facilities, net 597,326 607,761 607,761 — Notes payable 8,612 8,612 8,612 — Total liabilities $ 1,165,386 $ 1,186,680 $ 1,186,680 $ — The carrying values and estimated fair values of the Company's financial instruments as of December 31, 2015 were as follows (in thousands): Carrying Value Total Estimated Fair Value Estimated Fair Value (Level 2) Estimated Fair Value (Level 3) Assets: Vacation Interests notes receivable, net $ 622,607 $ 622,607 $ — $ 622,607 Total assets $ 622,607 $ 622,607 $ — $ 622,607 Liabilities: Senior Credit Facility, net $ 558,416 $ 569,931 $ 569,931 $ — Securitization notes and Funding Facilities, net 630,080 638,420 638,420 — Notes payable 4,750 4,750 4,750 — Total liabilities $ 1,193,246 $ 1,213,101 $ 1,213,101 $ —

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2016
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation On May 19, 2015, the Company held its 2015 annual meeting of stockholders, at which the Company's stockholders approved the Company’s 2015 Equity Incentive Compensation Plan (the “Equity Incentive Plan”). The Equity Incentive Plan is a broad-based plan under which 8,500,000 shares of the Company’s common stock are authorized for issuance for awards, including pursuant to awards of restricted stock, restricted stock units ("RSUs"), stock options, deferred stock and stock appreciation rights to the officers, employees, consultants, advisors and directors of the Company. As of June 30, 2016 , 6,934,026 shares remained available for issuance as new awards under the Equity Incentive Plan. Stock Options The Company accounts for its stock options issued to its employees and non-employee directors in accordance with ASC 718, "Compensation - Stock Compensation." All such stock options contain service-only vesting conditions and the associated compensation expense is measured at fair value on the grant date and recognized in the statements of income and comprehensive income over the expected term during which the employees (including, from an accounting perspective, non-employee directors in their capacity as such) of the Company provide service in exchange for the award. The Company utilizes the Black-Scholes option-pricing model to estimate the fair value of the stock options granted to its employees and non-employee directors. The expected volatility was calculated based on the historical volatility of the stock prices for a group of identified peer companies for the expected term of the stock options on the grant date (which is significantly greater than the volatility of the S&P 500® index as a whole during the same period) due to the lack of historical stock trading prices of the Company. The average expected option life represented the period of time the stock options were expected to be outstanding at the issuance date based on management’s estimate using the simplified method prescribed under the SEC Staff Accounting Bulletin Topic 14: "Share-Based Payment" ("SAB 14") for employee grants. The risk-free interest rate was calculated based on U.S. Treasury zero-coupon yield with a remaining term that approximated the expected option life assumed at the date of issuance. The expected annual dividend per share was 0% based on the Company’s expected dividend rate. The Company did not issue any stock options during the six months ended June 30, 2016. Stock option activity during the six months ended June 30, 2016 related to stock option grants issued to the employees of the Company was as follows: Options (In thousands) Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (In thousands) Outstanding at January 1, 2016 8,766 $ 17.20 7.9 $ 72,840 Granted — — Exercised (14 ) $ 14.00 Forfeited or expired (9 ) $ 14.00 Outstanding at June 30, 2016 8,743 $ 17.21 7.4 $ 111,482 Exercisable at June 30, 2016 6,838 $ 15.53 7.1 $ 98,682 The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value that would have been realized by the option holders had all option holders exercised their options on June 30, 2016 . The intrinsic value of a stock option is the excess of the Company’s closing stock price on that date over the exercise price, multiplied by the number of shares subject to the option. The following table summarizes the Company’s unvested stock option activity for the six months ended June 30, 2016 : Options (In thousands) Weighted-Average Exercise Price (Per Share) Unvested at January 1, 2016 2,547 $ 23.51 Granted — — Vested (633 ) 24.43 Forfeited or expired (9 ) 14.00 Unvested at June 30, 2016 1,905 $ 23.15 Restricted Stock, RSUs and Deferred Stock Between July 18, 2013 and June 30, 2016, the Company issued restricted stock, RSUs and deferred stock to certain employees and non-employee members of the board of directors of the Company, all of which contain service vesting conditions and some of which contain additional performance-related vesting conditions. All such issuances were valued at the closing stock price of the Company's common stock on the grant date of such stock-based compensation. The following table summarizes the activity related to restricted stock, RSUs and deferred stock during the six months ended June 30, 2016 : Restricted Stock Restricted Stock Units Deferred Stock Shares (In thousands) Weighted Average Grant Price (Per share) Units (In thousands) Weighted Average Grant Price (Per share) Units (In thousands) Weighted Average Grant Price (Per share) Unvested at January 1, 2016 160 $ 30.58 78 $ 32.69 — $ 32.72 Granted 17 $ 22.11 — $ — 17 $ 22.11 Vested/Converted to common stock (39 ) $ 30.44 (8 ) $ 32.69 (17 ) $ 22.11 Forfeited or expired — $ — — $ — — $ — Unvested at June 30, 2016 138 $ 29.58 70 $ 32.69 — $ — Stock-based Compensation Expense The following table summarizes the Company’s stock-based compensation expense for the three and six months ended June 30, 2016 and 2015 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Company employee grants $ 3,773 $ 3,782 $ 7,580 $ 7,002 Non-employee director grants 355 640 697 715 Total $ 4,128 $ 4,422 $ 8,277 $ 7,717 In accordance with SAB 14, the Company records stock-based compensation to the same line item on the statements of income and comprehensive income as the grantees' cash compensation. In addition, the Company records stock-based compensation expense to the same business segment as the grantees' cash compensation for segment reporting purposes in accordance with ASC 280, "Segment Reporting." The following table summarizes the effect of the stock-based compensation for the three months ended June 30, 2016 and 2015 (in thousands): Three Months Ended June 30, 2016 Three Months Ended June 30, 2015 Hospitality and Management Services Vacation Interests Sales and Financing Corporate and Other Total Hospitality and Management Services Vacation Interests Sales and Financing Corporate and Other Total Management and member services $ 381 $ — $ — $ 381 $ 345 $ — $ — $ 345 Advertising, sales and marketing — 734 — 734 — 547 — 547 Vacation Interests carrying cost, net — 69 — 69 — 64 — 64 Loan portfolio — 110 — 110 — 100 — 100 General and administrative — — 2,834 2,834 — — 3,366 3,366 Total $ 381 $ 913 $ 2,834 $ 4,128 $ 345 $ 711 $ 3,366 $ 4,422 The following table summarizes the effect of the stock-based compensation for the six months ended June 30, 2016 and 2015 (in thousands): Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 Hospitality and Vacation Corporate and Total Hospitality and Vacation Corporate and Total Management and member services $ 774 $ — $ — $ 774 $ 625 $ — $ — $ 625 Advertising, sales and marketing — 1,484 — 1,484 — 916 — 916 Vacation Interests carrying cost, net — 141 — 141 — 115 — 115 Loan portfolio — 223 — 223 — 181 — 181 General and administrative — — 5,655 5,655 — — 5,880 5,880 Total $ 774 $ 1,848 $ 5,655 $ 8,277 $ 625 $ 1,212 $ 5,880 $ 7,717 The following table summarizes the Company’s unrecognized stock-based compensation expense as of June 30, 2016 (dollars in thousands): Options Restricted Stock Restricted Stock Units Deferred Stock Total Unrecognized stock-based compensation expense $ 13,068 $ 3,653 $ 1,772 $ 345 $ 18,838 Weighted-average remaining amortization period (in years) 0.9 1.8 2.4 0.9 1.2 Upon completion of the Pending Merger (subject to the conditions thereto), all outstanding stock options (with the exception of those stock options with an exercise price that exceeds $30.25 per share), unvested shares of restricted stock (with the exception of a grant of restricted stock to a member of the board of directors on May 24, 2016 that provided that only one-third of such grant would vest in the event of a change of control of the Company within the first 12 months following the grant date and that the remaining two-thirds would be forfeited), RSUs and deferred stock of the Company will be converted into the right to receive lump sum cash payments, which amounts will be calculated in accordance with the Merger Agreement. In connection with the foregoing, all outstanding stock-based compensation previously issued will be canceled concurrent with the completion of the Pending Merger.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (loss) [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) are as follows (in thousands): Cumulative Translation Adjustment Other Total Balance, December 31, 2015 $ (20,182 ) $ 31 $ (20,151 ) Period change (992 ) (17 ) (1,009 ) Balance, June 30, 2016 $ (21,174 ) $ 14 $ (21,160 )

Net income per share

Net income per share	6 Months Ended
	Jun. 30, 2016
Net income (loss) per share [Abstract]
Net Income (Loss) per Share	Net Income Per Share (Restated - See Note 3) The Company calculates net income per share in accordance with ASC 260, "Earnings Per Share." Basic net income per share is calculated by dividing net income for common stockholders by the weighted-average number of common stock outstanding during the period. Diluted net income per share of common stock is calculated by dividing net income by weighted-average shares of common stock outstanding during the period plus potentially dilutive shares of common stock, such as shares of common stock underlying stock options and shares of restricted common stock. Potentially dilutive shares of common stock are calculated in accordance with the treasury stock method, which assumes that proceeds from the exercise of all options are used to repurchase common stock at market value. The amount of shares remaining after the proceeds are exhausted represents the potentially dilutive effect of the securities. Approximately 1.2 million shares underlying stock options for each of the three months and six months ended June 30, 2016 were excluded from the net income per share computation, as their effect would be antidilutive under the treasury stock method. No shares underlying stock options for the three months and six months ended June 30, 2015 were excluded from the net income per share computation. Approximately 0.2 million shares of restricted stock and RSUs for each of the three months and six months ended June 30, 2016 were excluded from the net income per share computation, as their effect would be antidilutive under the treasury stock method. No restricted stock or RSUs for the three months and six months ended June 30, 2015 were excluded from the net income per share computation. The table below sets forth the computation of basic and diluted net income per share for the periods presented below (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Computation of Basic Net Income Per Share: Net income $ 25,492 $ 35,640 $ 58,670 $ 60,010 Weighted average shares outstanding 69,585 73,052 69,589 73,769 Basic net income per share $ 0.37 $ 0.49 $ 0.84 $ 0.81 Computation of Diluted Net Income Per Share: Net income $ 25,492 $ 35,640 $ 58,670 $ 60,010 Weighted average shares outstanding 69,585 73,052 69,589 73,769 Effect of dilutive securities: Restricted stock, RSUs and deferred stock (a) 17 32 17 28 Options to purchase common stock 2,318 2,675 2,125 2,633 Shares for diluted net income per share 71,920 75,759 71,731 76,430 Diluted net income per share $ 0.35 $ 0.47 $ 0.82 $ 0.79 (a) Includes unvested dilutive restricted stock and RSUs that are subject to future forfeitures.

Business Combinations Business

Business Combinations Business Combinations	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Business Combinations On October 16, 2015, the Company completed the Gold Key Acquisition and acquired five management contracts, real property interests, unsold Vacation Interests to sell to existing members and potential customers and other assets, adding six additional managed resorts to the Company’s resort network and new owner-families to the Company’s owner base, in exchange for a cash purchase price of $167.9 million and the assumption of certain non-interest-bearing liabilities. At the closing of the Gold Key Acquisition, $6.2 million was deposited into an escrow account to support the Company’s obligations under a default recovery agreement, and is classified as restricted cash on the Company’s balance sheet. The Company assumed $15.5 million of contingent consideration in connection with this default recovery agreement, which was recorded as accrued liabilities, with an offsetting amount in prepaid expenses and other assets, net. The Company accounted for the Gold Key Acquisition as a business combination in accordance with ASC 805, "Business Combinations" ("ASC 805"). As of October 16, 2015, the acquisition was recorded based on the original preliminary appraisal; accordingly, provisional amounts were assigned to the assets acquired and liabilities assumed. The preliminary appraisal was developed in accordance with the Company's policies, which were also the basis for the valuation of previous business combinations. Since the purchase price exceeded the fair value of identifiable assets, in accordance with ASC 805, the Company initially recorded $73.9 million in goodwill, which was primarily attributable to expected synergies from the operations acquired in connection with the Gold Key Acquisition and the Company's existing operations. During the period between December 31, 2015 and June 30, 2016 , adjustments were recorded to the respective accounts to reflect the values in the updated preliminary appraisals as of June 30, 2016 . The following table summarizes the consideration paid and the amounts of the assets acquired and liabilities assumed from the Gold Key Companies at the acquisition date (in thousands): Based on Preliminary Appraisal as of October 16, 2015 Adjustments Recorded through June 30, 2016 Based on Updated Appraisal as of June 30, 2016 Consideration: Cash $ 167,500 $ 397 $ 167,897 Fair value of total consideration transferred $ 167,500 $ 397 $ 167,897 Recognized amounts of identifiable assets acquired and liabilities assumed as of October 16, 2015: Cash and cash equivalents $ 66 $ — $ 66 Restricted cash 47 — 47 Due from related parties, net 766 — 766 Other receivables, net 69 — 69 Prepaid expenses and other assets, net 15,904 — 15,904 Unsold Vacation Interests 26,481 (11 ) 26,470 Property and equipment 15,329 (11 ) 15,318 Other intangible assets 53,060 (400 ) 52,660 Total assets 111,722 (422 ) 111,300 Liabilities assumed 18,101 (323 ) 17,778 Total identifiable net assets $ 93,621 $ (99 ) $ 93,522 Goodwill $ 73,879 $ 496 $ 74,375 Acquired intangible assets consisted of the following as of the dates below (dollar amounts in thousands): Weighted Average Useful Life in Years Based on Preliminary Appraisal as of October 16, 2015 Adjustments Recorded through June 30, 2016 Based on Updated Appraisal as of June 30, 2016 Management contracts 20 $ 25,300 $ (400 ) $ 24,900 Rental agreements 4 15,800 200 16,000 Rights to develop inventory 14 11,600 (200 ) 11,400 Member relationships 6 360 — 360 $ 53,060 $ (400 ) $ 52,660 Intrawest Acquisition On January 29, 2016, the Company completed the Intrawest Acquisition and acquired management contracts, Vacation Interests notes and other receivables, real property interests, unsold Vacation Interests and other assets, adding nine managed resorts located in the U.S., Canada and Mexico to the Company's resort network and new owner-families to the Company’s owner base, in exchange for $84.6 million in cash plus the assumption of certain non-interest-bearing liabilities. The Company accounted for the Intrawest Acquisition as a business combination in accordance with ASC 805. As of January 29, 2016, the acquisition was recorded based on a preliminary appraisal; accordingly, provisional amounts were assigned to the assets acquired and liabilities assumed. The preliminary appraisal was developed in accordance with the Company's policies, which were also the basis for the valuation of previous business combinations. Since the purchase price exceeded the fair value of identifiable assets, in accordance with ASC 805, the Company recorded $22.9 million in goodwill, which was primarily attributable to expected synergies from the operations acquired in connection with the Intrawest Acquisition and the Company's existing operations. The total amount of goodwill expected to be deductible for income tax purposes is $15.9 million . During the period between January 29, 2016 and June 30, 2016 , adjustments were recorded to the respective accounts to reflect the values in the updated preliminary appraisals as of June 30, 2016 . The following table summarizes the consideration paid and the amounts of the assets acquired and liabilities assumed in connection with the Intrawest Acquisition at the acquisition date (in thousands): Based on Preliminary Appraisal as of January 29, 2016 Adjustments Recorded through June 30, 2016 Based on Updated Appraisal as of June 30, 2016 Consideration: Cash $ 84,613 $ — $ 84,613 Fair value of total consideration transferred $ 84,613 $ — $ 84,613 Recognized amounts of identifiable assets acquired and liabilities assumed as of January 29, 2016: Vacation Interests notes receivable, net $ 22,114 $ — $ 22,114 Income tax receivable 138 — 138 Other receivables, net 873 (563 ) 310 Prepaid expenses and other assets, net 4,291 5,236 9,527 Unsold Vacation Interests 16,703 308 17,011 Property and equipment 1,930 52 1,982 Other intangible assets 27,300 2,000 29,300 Total assets 73,349 7,033 80,382 Deferred tax liability 4,419 — 4,419 Liabilities assumed 8,403 5,804 14,207 Total identifiable net assets $ 60,527 $ 1,229 $ 61,756 Goodwill $ 24,086 $ (1,229 ) $ 22,857 Acquired intangible assets consisted of the following as of January 29, 2016 (dollar amounts in thousands): Weighted Average Useful Life in Years Based on Preliminary Appraisal as of January 29, 2016 Adjustments Recorded through June 30, 2016 Based on Updated Appraisal as of June 30, 2016 Management contracts 20 $ 16,700 $ 2,300 $ 19,000 Rights to develop inventory 14 9,600 (300 ) 9,300 Member relationships 6 1,000 — 1,000 $ 27,300 $ 2,000 $ 29,300 These notes to the condensed consolidated financial statements do not present supplemental pro forma information to include revenue and earnings of the Gold Key Companies or the Intrawest Resort Club Group for any of the periods presented, as the assets acquired and additional earnings generated in connection with the Gold Key Acquisition and the Intrawest Acquisition are not deemed significant to the Company's condensed consolidated financial statements.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting (Restated - See Note 3) The Company presents its results of operations in two segments: (i) hospitality and management services, which includes operations related to the management of resort properties and the Diamond Collections, operation of the Clubs, food and beverage venues owned and managed by the Company and the provision of other services; and (ii) Vacation Interests sales and financing, which includes operations relating to the marketing and sales of Vacation Interests, as well as the consumer financing activities related to such sales. While certain line items reflected on the statements of income and comprehensive income fall completely into one of these business segments, other line items relate to revenues or expenses that are applicable to more than one segment. For line items that are applicable to more than one segment, revenues or expenses are allocated by management, which involves significant estimates. Certain expense items (principally corporate interest expense, depreciation and amortization and provision for income taxes) are not, in management’s view, allocable to either of these business segments, as they apply to the entire Company. In addition, general and administrative expenses (which exclude hospitality and management services related overhead that is recovered from the HOAs and the Diamond Collections) are not allocated to either of these business segments because, historically, management has not allocated these expenses for purposes of evaluating the Company’s different operational divisions. Accordingly, these expenses are presented under corporate and other. Management believes that it is impracticable to allocate specific assets and liabilities related to each business segment. In addition, management does not review balance sheets by business segment as part of their evaluation of operating segment performances. Consequently, no balance sheet segment reports have been presented. The following table presents revenues and income before provision for income taxes for the Company's reportable segments (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Revenues: Hospitality and management services $ 53,649 $ 48,575 $ 106,059 $ 94,317 Vacation Interests sales and financing 191,665 182,548 372,726 333,940 Corporate and other 404 379 729 765 Total revenues $ 245,718 $ 231,502 $ 479,514 $ 429,022 Income before provision for income taxes: Hospitality and management services $ 41,244 $ 35,885 $ 81,781 $ 69,511 Vacation Interests sales and financing 60,150 65,485 123,852 122,954 Corporate and other (57,633 ) (39,004 ) (105,492 ) (87,171 ) Income before provision for income taxes $ 43,761 $ 62,366 $ 100,141 $ 105,294 Interest Revenue: Vacation Interests sales and financing $ 21,222 $ 18,420 $ 43,410 $ 36,836 Corporate and other 404 379 729 765 Total interest revenue $ 21,626 $ 18,799 $ 44,139 $ 37,601 Interest Expense: Vacation Interests sales and financing $ 4,889 $ 4,205 $ 9,737 $ 8,123 Corporate and other 10,051 7,316 20,269 15,002 Total interest expense $ 14,940 $ 11,521 $ 30,006 $ 23,125

Subsequent events

Subsequent events	6 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 29, 2016, the Company entered into a third amendment to the Kona Agreement with the Kona Seller. See " Note 19—Commitments and Contingencies " for further details on this amendment. On July 29, 2016, the Company entered into a Limited Waiver, Consent and First Amendment to Collateral and Servicing Agreement (the “Facility Amendment”) related to the Capital One Conduit Facility with Capital One, National Association, as administrative agent (the “Agent”). Pursuant to the Facility Amendment, the Agent consented to the Pending Merger and waived any breach of the transaction documents relating to the Capital One Conduit Facility that would be deemed to result from the consummation of the Pending Merger. The Facility Amendment also amends the definition of “Permitted Holder” to include Apollo after the consummation of the Pending Merger, such that the consummation of the Pending Merger would not result in a Change in Control under applicable Capital One Conduit Facility transaction documents.

Summary of Significant Accoun36

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying condensed consolidated financial statements include all subsidiaries of the Company. All significant intercompany transactions and balances have been eliminated from the accompanying condensed consolidated financial statements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, often as a result of the need to make estimates regarding matters that are inherently uncertain. The methods, estimates and judgments that the Company uses in applying its accounting policies have a significant impact on the results that the Company reports in its financial statements. On an ongoing basis, the Company evaluates its estimates and assumptions, including those related to revenue, bad debts, Vacation Interests cost of sales, stock-based compensation expense, income taxes, unsold Vacation Interests, net, and business combinations. These estimates are based on historical experience and various other assumptions that management believes are reasonable under the circumstances. The results of the Company's analyses form the basis for making assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions, and the impact of such differences may be material to the Company's condensed consolidated financial statements.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In January 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-01, "Income Statement - Extraordinary and Unusual Items" ("ASU No. 2015-01"), which eliminates from U.S. GAAP the concept of extraordinary items. Extraordinary items are events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence. ASU No. 2015-01 simplifies income statement presentation by altogether removing the concept of extraordinary items from consideration. The Company adopted ASU No. 2015-01 as of its quarter ended March 31, 2016. The adoption of this update did not have any impact on the Company's financial statements. In February 2015, the FASB issued ASU No. 2015-02, "Consolidation" (“ASU No. 2015-02”), which is intended to respond to stakeholders’ concerns about the current accounting guidance for certain legal entities. The amendments update the analysis of consolidation for limited partnerships, contractual fee arrangements and investment funds, as well as include additional guidance on the effect of related parties. The Company adopted ASU No. 2015-02 as of its quarter ended March 31, 2016. The adoption of this update did not have any impact on the Company's financial statements. In April 2015, the FASB issued ASU No. 2015-03, "Interest - Imputation of Interest" ("ASU No. 2015-03"), which is intended to simplify the presentation of debt issuance costs. The amendments in ASU No. 2015-03 require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in ASU No. 2015-03. The Company adopted ASU No. 2015-03 as of its quarter ended March 31, 2016 on a retrospective basis. The impact of this adoption on the accompanying condensed consolidated balance sheet as of December 31, 2015 was: (i) a $24.2 million reduction in prepaid expenses and other assets, net; (ii) an $11.5 million reduction in the senior secured credit facility originally entered into on May 9, 2014 and subsequently amended on December 22, 2014 and December 3, 2015 (the "Senior Credit Facility"); and (iii) a $12.7 million reduction in the securitization notes and Funding Facilities. This adoption had no other impact on the Company's financial statements. The Company elected to continue to include the debt issuance costs associated with its Funding Facilities (which consist of the $200.0 million Credit Suisse conduit facility (the "Credit Suisse Conduit Facility"), the $100.0 million loan sale facility with Quorum Federal Credit Union (the "Quorum Facility") and the $100 million loan facility with Capital One, National Association (the “Capital One Conduit Facility”) and the revolving line of credit under the Senior Credit Facility in prepaid expenses and other assets, net in the accompanying condensed consolidated balance sheets. In April 2015, the FASB issued ASU No. 2015-05, "Intangibles - Goodwill and Other - Internal-Use Software" ("ASU No. 2015-05"), which provides guidance to customers about whether a cloud computing arrangement includes a software license and, if so, how the software license element of the arrangement should be accounted for by the customer. The Company adopted ASU No. 2015-05 as of its quarter ended March 31, 2016. The adoption of this update did not have a material impact on the Company's financial statements. In September 2015, the FASB issued ASU No. 2015-16, "Business Combinations - Simplifying the Accounting for Measurement-Period Adjustments" ("ASU No. 2015-16"), which requires that an acquirer in a business combination recognize adjustments to estimated amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. ASU No. 2015-16 also requires that the acquirer record, in the current period's financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the estimated amounts, calculated as if the accounting had been completed at the acquisition date. The Company adopted ASU No. 2015-16 as of its quarter ended March 31, 2016. The adoption of this update did not have a material impact on the Company's financial statements. In March 2016, the FASB issued ASU No. 2016-07, "Investments - Equity Method and Joint Ventures" ("ASU No. 2016-07"). The amendments in ASU No. 2016-07 eliminate the requirement that an entity retroactively adopt the equity method of accounting if an investment qualifies for use of the equity method as a result of an increase in the level of ownership or degree of influence. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. The amendments in ASU No. 2016-07 are effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016. The Company is currently evaluating the standard to determine the impact of the adoption of this guidance on its financial statements. In March 2016, the FASB issued ASU No. 2016-09, "Compensation - Stock Compensation - Improvements to Employee Share-based Payment Accounting" ("ASU No. 2016-09"). The areas for simplification in this update involve several aspects of the accounting for employee share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Some of the areas for simplification apply only to non-public entities. The amendments in ASU No. 2016-09 are effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016. The Company is currently evaluating the standard to determine the impact of the adoption of this guidance on its financial statements. In April 2016, the FASB issued ASU No. 2016-10, "Revenue from Contracts with Customers - Identifying Performance Obligations and Licensing" ("ASU No. 2016-10"). This update clarifies guidance related to identifying performance obligations and licensing implementation contained in ASU No. 2014-09. The amendments do not change the core principal of the guidance. The Company will adopt ASU No. 2016-10 as of its quarter ending March 31, 2018. The Company is currently evaluating the standard to determine the impact of the adoption of this guidance on its financial statements. In May 2016, the FASB issued ASU No. 2016-11, "Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to staff announcements at the March 3, 2016 EITF Meeting" ("ASU No. 2016-11"). This update rescinds certain Securities and Exchange Commission (the "SEC") staff comments codified in FASB Accounting Standards Codification ("ASC") Topics 605, "Revenue Recognition." The Company will adopt ASU No. 2016-11 as of its quarter ending March 31, 2018. The adoption of this update will not have a material impact on the Company's financial statements. In May 2016, the FASB issued ASU No. 2016-12, "Revenue from Contracts with Customers - Narrow-Scope Improvements and Practical Expedients" ("ASU No. 2016-12"). The amendments in ASU 2016-12 provide clarification to certain core recognition principles related to ASU No. 2014-09 including collectability, sales tax presentation, noncash consideration, contract modifications and completed contracts at transition and disclosures no longer required if the full retrospective transition method is adopted. The amendments do not change the core principal of the guidance. The Company will adopt ASU No. 2016-12 as of its quarter ending March 31, 2018. The Company is currently evaluating the standard to determine the impact of the adoption of this guidance on its financial statements. In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" ("ASU No. 2016-13"). This update amends the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in the more timely recognition of losses. The Company will adopt ASU 2016-13 as of its quarter ending March 31, 2020. The Company is currently evaluating the standard to determine the impact of the adoption of this guidance on its financial statements. See " Note 2—Summary of Significant Accounting Policies " to the audited consolidated financial statements included in the 2015 Form 10-K/A for additional accounting standards issued but not adopted as of June 30, 2016 .

Restatement of Previously Iss37

Restatement of Previously Issued Financial Statements (Tables)	6 Months Ended
	Jun. 30, 2016
Revision to Previously Issued Financial Statements [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	The table below sets forth the amount as originally reported for such categories for the three and six months ended June 30, 2016 and 2015 presented in the consolidated statement of income and comprehensive income that were impacted by the Restatement, impact of the Restatement on such categories and restated amount for such categories for the periods presented below (in thousands, except per share data): Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 As originally reported Impact of Restatement As restated As originally reported Impact of Restatement As restated Vacation Interests cost of sales $ 7,451 $ 1,963 $ 9,414 $ 8,589 $ 4,535 $ 13,124 Total costs and expenses 167,173 1,963 169,136 319,193 4,535 323,728 Income before provision for income taxes 64,329 (1,963 ) 62,366 109,829 (4,535 ) 105,294 Provision for income taxes 27,459 (733 ) 26,726 46,984 (1,700 ) 45,284 Net income (loss) $ 36,870 $ (1,230 ) $ 35,640 $ 62,845 $ (2,835 ) $ 60,010 Net income (loss) per share: Basic $ 0.50 $ (0.01 ) $ 0.49 $ 0.85 $ (0.04 ) $ 0.81 Diluted $ 0.49 $ (0.02 ) $ 0.47 $ 0.82 $ (0.03 ) $ 0.79 The restatement of Vacation Interests cost of sale resulted in a restatement of (i) income taxes receivables, deferred tax asset, accrued liabilities (related to the liability for unrecognized tax benefit), deferred income taxes and accumulated deficit in our consolidated balance sheet as of December 31, 2015: and (ii) Vacation Interests cost of sale and provision for income taxes in our consolidated statements of operations and comprehensive income for the periods presented above. December 31, 2015 As originally reported Impact of Restatement As restated Unsold Vacation Interests, net $ 358,278 $ 24,163 $ 382,441 Income tax receivable 147 — 147 Deferred tax asset 577 527 1,104 Total assets $ 1,968,833 $ 24,690 $ 1,993,523 Accrued liabilities $ 221,662 $ 257 $ 221,919 Income tax payable 346 14 360 Deferred income taxes 92,829 9,207 102,036 Total liabilities 1,697,871 9,478 1,707,349 Accumulated deficit (31,024 ) 15,212 (15,812 ) Total stockholders' equity 270,962 15,212 286,174 Total liabilities and stockholders' equity $ 1,968,833 $ 24,690 $ 1,993,523

Cash in Escrow and Restricted38

Cash in Escrow and Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2016
Cash in Escrow and Restricted Cash [Abstract]
Schedule of Restricted Cash and Cash Equivalents	Cash in escrow and restricted cash as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Securitization notes and Funding Facilities collection and reserve cash $ 44,654 $ 50,943 Escrow 12,113 13,423 Deposits related to Vacation Interests notes receivable servicing agreements 11,035 10,680 Collected on behalf of HOAs 3,203 18,626 Bonds and deposits 847 883 Other 4,703 3,740 Total cash in escrow and restricted cash $ 76,555 $ 98,295

Vacation Interests Notes Rece39

Vacation Interests Notes Receivable and Allowance (Tables)	6 Months Ended
	Jun. 30, 2016
Financing Receivable, Net [Abstract]
Eligible for securitization [Text Block]	Gross Vacation Interests notes receivable as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Vacation Interests notes receivable - collateralized against securitization notes and Funding Facilities $ 676,162 $ 688,777 Vacation Interests notes receivable - other 150,188 81,014 Total Vacation Interests notes receivable $ 826,350 $ 769,791
Schedule of Accounts, Notes, Loans and Financing Receivable	Vacation Interests notes receivable, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Vacation Interests notes receivable, originated $ 784,685 $ 744,532 Vacation Interests notes receivable, purchased 41,665 25,259 Vacation Interests notes receivable, gross 826,350 769,791 Allowance for loan losses (173,040 ) (165,331 ) Deferred profit on Vacation Interests transactions (1,367 ) (1,780 ) Deferred loan and contract origination costs, net 15,415 15,546 Inventory value of defaulted Vacation Interests notes receivable that were previously purchased 6,816 4,152 Premium on Vacation Interests notes receivable, net — 229 Discount on Vacation Interests notes receivable, net (1,346 ) — Vacation Interests notes receivable, net $ 672,828 $ 622,607 Other receivables, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Receivables related to sampler packages, net $ 15,239 $ 14,723 Interest receivable associated with Vacation Interests notes receivable 7,827 7,919 Rental receivables and other resort management-related receivables, net 3,055 2,737 Club dues receivable, net 1,561 25,028 Insurance claims receivable 1,322 1,262 Other receivables 2,844 4,117 Total other receivables, net of allowances of $8,100 and $12,300, respectively $ 31,848 $ 55,786
Allowance for Credit Losses on Financing Receivables	Activity in the allowance associated with Vacation Interests notes receivable as of the dates presented below consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Balance, beginning of period $ 168,998 $ 135,701 $ 165,331 $ 130,639 Provision for uncollectible Vacation Interests sales (a) 30,774 20,874 52,660 34,836 Write-offs, net (26,732 ) (10,745 ) (44,951 ) (19,645 ) Balance, end of period $ 173,040 $ 145,830 $ 173,040 $ 145,830 (a) The provision for uncollectible Vacation Interests sales shows activity in the allowance for expected losses associated with Vacation Interests notes receivable and is exclusive of ASC 978 adjustments related to deferred revenue.
Financing Receivable Credit Quality Indicators	A summary of the credit quality and aging as of the dates presented below is as follows (in thousands): As of June 30, 2016 FICO Credit Scores Current 31-60 61-90 91-120 121-150 151-180 Total >799 $ 77,510 $ 929 $ 592 $ 390 $ 461 $ 709 $ 80,591 700-799 424,623 7,040 4,473 5,254 4,671 5,192 451,253 600-699 227,181 9,927 4,765 3,485 3,879 4,193 253,430 <600 19,337 1,866 756 527 528 681 23,695 No FICO Credit Scores 15,599 796 330 200 206 250 17,381 $ 764,250 $ 20,558 $ 10,916 $ 9,856 $ 9,745 $ 11,025 $ 826,350 As of December 31, 2015 FICO Credit Scores Current 31-60 61-90 91-120 121-150 151-180 Total >799 $ 75,647 $ 751 $ 193 $ 338 $ 204 $ 287 $ 77,420 700-799 397,264 7,589 3,497 2,938 1,879 2,533 415,700 600-699 213,818 8,444 3,653 3,893 2,841 2,100 234,749 <600 19,393 1,700 881 333 533 465 23,305 No FICO Credit Scores 16,677 674 490 320 286 170 18,617 $ 722,799 $ 19,158 $ 8,714 $ 7,822 $ 5,743 $ 5,555 $ 769,791

Transactions with Related Par40

Transactions with Related Parties (Tables)	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Due from related parties, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Amounts due from HOAs and Diamond Collections $ 32,594 $ 42,393 Amounts due from other 92 42 Total due from related parties, net $ 32,686 $ 42,435 Due to related parties, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Amounts due to HOAs and Diamond Collections $ 100,181 $ 54,686 Amounts due to other 83 92 Total due to related parties, net $ 100,264 $ 54,778

Prepaid Expenses and Other As41

Prepaid Expenses and Other Assets, Net Prepaid Expenses and Other Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Assets, Net	Prepaid expenses and other assets, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Unamortized maintenance fees $ 59,143 $ — Vacation Interests purchases in transit 37,653 29,323 Deferred commissions 17,020 17,109 Prepaid member benefits and affinity programs 7,566 2,689 Other inventory or consumables 5,729 4,767 Prepaid insurance 3,869 2,670 Prepaid sales and marketing costs 3,513 2,601 Debt issuance costs, net 3,350 2,545 Deposits and advances 2,663 2,635 Prepaid maintenance fees 2,323 3,843 Other 15,665 8,272 Total prepaid expenses and other assets, net $ 158,494 $ 76,454

Unsold Vacation Interests, Net

Unsold Vacation Interests, Net (Tables)	6 Months Ended
	Jun. 30, 2016
Unsold Vacation Interests, Net [Abstract]
Schedule of Inventory, Current	Unsold Vacation Interests, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 (as Restated) Completed unsold Vacation Interests, net $ 367,850 $ 322,945 Undeveloped land 36,085 35,974 Vacation Interests construction in progress 1,622 23,522 Unsold Vacation Interests, net $ 405,557 $ 382,441
Activity Related to unsold Vacation Interests	Activity related to unsold Vacation Interests, net for the periods presented below consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Balance, beginning of period $ 389,845 $ 314,515 $ 382,441 $ 295,333 Vacation Interests cost of sales (15,742 ) (9,414 ) (26,983 ) (13,124 ) Inventory recovery 27,444 18,913 27,780 18,777 Purchases and adjustments in connection with business combinations 308 — 17,000 — Open market and bulk purchases 1,239 9,104 4,553 14,866 Capitalized legal, title and trust fees 5,193 4,419 7,755 7,677 Construction in progress 2,009 5,898 3,078 7,806 Transfer of construction in progress to property and equipment, net (67 ) — (5,769 ) — Loan default recoveries related to business combinations 5,208 563 5,881 2,176 Transfers (to) from assets held for sale (7,910 ) (177 ) (7,910 ) 12,982 Effect of foreign currency translation (1,819 ) 2,472 (2,054 ) (464 ) Other (151 ) 336 (215 ) 600 Balance, end of period $ 405,557 $ 346,629 $ 405,557 $ 346,629

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property and equipment, net as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Land and improvements $ 21,022 $ 20,219 Buildings and leasehold improvements 69,477 60,281 Furniture and office equipment 23,983 21,845 Computer software 53,101 46,231 Computer equipment 20,764 19,146 Construction in progress 1,796 2,522 Property and equipment, gross 190,143 170,244 Less: Accumulated depreciation (84,168 ) (74,883 ) Property and equipment, net $ 105,975 $ 95,361

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill are as follows (in thousands): Hospitality and Management Services Vacation Interests Sales and Financing Total Balance as of December 31, 2015: Island One Acquisition - July 2013 $ 30,165 $ 467 $ 30,632 HM&C Acquisition - January 2015 10 — 10 Gold Key Acquisition - October 2015 13,777 60,102 73,879 Balance as of December 31, 2015 43,952 60,569 104,521 Changes to goodwill during the six months ended June 30, 2016: Adjustment to Gold Key Acquisition based on appraisal 1,480 (984 ) 496 Intrawest Acquisition - January 2016 5,832 17,025 22,857 Total changes to goodwill during the six months ended June 30, 2016 7,312 16,041 23,353 Balance as of June 30, 2016: Island One Acquisition - July 2013 30,165 467 30,632 HM&C Acquisition - January 2015 10 — 10 Gold Key Acquisition - October 2015 15,257 59,118 74,375 Intrawest Acquisition - January 2016 5,832 17,025 22,857 Balance as of June 30, 2016 $ 51,264 $ 76,610 $ 127,874

Other Intangible Assets, Net (T

Other Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2016
Acquired Finite-Lived Intangible Assets [Line Items]
Schedule of Finite-Lived Intangible Assets	Other intangible assets, net consisted of the following as of June 30, 2016 (in thousands): Gross Carrying Cost Accumulated Amortization Net Book Value Management contracts $ 244,581 $ (64,884 ) $ 179,697 Member relationships and the Clubs 56,730 (40,102 ) 16,628 Rights to develop inventory 20,700 (859 ) 19,841 Rental agreements 16,000 (2,833 ) 13,167 Marketing easement rights 8,717 (654 ) 8,063 Distributor relationships and other 5,063 (2,611 ) 2,452 Total other intangible assets $ 351,791 $ (111,943 ) $ 239,848 Other intangible assets, net consisted of the following as of December 31, 2015 (in thousands): Gross Carrying Cost Accumulated Amortization Net Book Value Management contracts $ 226,515 $ (58,278 ) $ 168,237 Member relationships and the Clubs 55,866 (39,298 ) 16,568 Rental agreements 15,800 (823 ) 14,977 Rights to develop inventory 11,600 (173 ) 11,427 Marketing easement rights 8,717 (436 ) 8,281 Distributor relationships and other 5,096 (2,396 ) 2,700 Total other intangible assets $ 323,594 $ (101,404 ) $ 222,190
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	In connection with the Intrawest Acquisition, the Company recorded the following intangible assets included in the table above (dollars in thousands): Weighted Average Useful Life in Years Based on Preliminary Appraisal as of January 29, 2016 Adjustments Recorded through June 30, 2016 Based on Updated Appraisal as of June 30, 2016 Management contracts 20 $ 16,700 $ 2,300 $ 19,000 Rights to develop inventory 14 9,600 (300 ) 9,300 Member relationships 6 1,000 — 1,000 $ 27,300 $ 2,000 $ 29,300

Assets Held for sale (Tables)

Assets Held for sale (Tables)	6 Months Ended
	Jun. 30, 2016
Assets Held for Sale [Abstract]
Disclosure of Long Lived Assets Held-for-sale	Assets held for sale as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Unsold units and certain resorts in Europe $ 8,931 $ 1,518 A unit at Cabo Azul Resort in Mexico — 154 Total assets held for sale $ 8,931 $ 1,672

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2016
Accrued Liabilities Disclosure [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 (Restated) Liability for unrecognized tax benefit $ 91,250 $ 76,001 Accrued payroll and related 25,376 37,154 Accrued marketing expenses 22,966 24,885 Accrued other taxes 17,244 15,525 Accrued commissions 16,206 22,774 Gold Key inventory recovery agreement 10,071 12,371 Accrued professional fees 8,467 4,336 Accrued insurance 7,681 7,795 Intrawest inventory repurchase obligation 7,400 — Accrued escrow liability 3,832 3,784 Accrued operating lease liabilities 2,950 3,309 Accrued exchange company fees 1,555 2,131 Other 14,045 11,854 Total accrued liabilities $ 229,043 $ 221,919

Deferred Revenues (Tables)

Deferred Revenues (Tables)	6 Months Ended
	Jun. 30, 2016
Deferred Revenue Disclosure [Abstract]
Deferred Revenue, by Arrangement, Disclosure	Deferred revenues as of the dates presented below consisted of the following (in thousands): June 30, 2016 December 31, 2015 Deferred sampler package revenue $ 67,521 $ 66,285 Club deferred revenue 24,518 43,890 Guest deposits 8,573 6,631 Other 6,259 2,914 Total deferred revenues $ 106,871 $ 119,720

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table presents selected information on the Company’s borrowings as of the dates presented below (dollars in thousands): June 30, 2016 December 31, 2015 Principal Weighted Maturity Gross Amount of Vacation Interests notes receivable as Collateral Borrowing / Funding Availability Principal Senior Credit Facility $ 574,666 5.5% 5/9/2021 $ — $ 25,000 $ 574,666 Original issue discount and debt issuance costs related to Senior Credit Facility (except the revolving line of credit) (15,218 ) — — (16,250 ) Notes payable-insurance policies 8,612 2.5% Various — — 4,586 Notes payable-other — — — 164 Total Corporate Indebtedness 568,060 — 25,000 563,166 Diamond Resorts Owner Trust 2015-2 (1) 124,986 3.1% 5/22/2028 132,493 — 172,583 Diamond Resorts Owner Trust 2014-1 (1) 111,997 2.6% 5/20/2027 121,736 — 140,256 Diamond Resorts Owner Trust 2015-1 (1) 88,796 2.8% 7/20/2027 95,889 — 126,776 Diamond Resorts Owner Trust 2013-2 (1) 69,471 2.3% 5/20/2026 77,190 — 84,659 Credit Suisse Conduit Facility (1) 65,694 3.2% 4/10/2017 75,976 134,306 (2) 22,538 Capital One Conduit Facility (1) 63,757 2.7% 5/12/2020 73,503 36,243 (2) — DRI Quorum Facility and Island One Quorum Funding Facility (1) 42,945 4.4% Various 49,526 57,055 (2) 45,411 Diamond Resorts Owner Trust 2013-1 (1) 26,213 2.0% 1/20/2025 29,126 — 30,681 Diamond Resorts Owner Trust 2011-1 (1) 10,127 4.0% 3/20/2023 10,806 — 12,073 Diamond Resorts Tempus Owner Trust 2013 (1) 4,449 6.0% 12/20/2023 9,917 — 7,884 Original issue discount and debt issuance costs related to securitization notes and Funding Facilities (11,109 ) — — (12,781 ) Total Securitization Notes and Funding Facilities 597,326 676,162 227,604 630,080 Total $ 1,165,386 $ 676,162 $ 252,604 $ 1,193,246 (1) Non-recourse indebtedness (2) Borrowing / funding availability is calculated as the difference between the maximum commitment amount and the outstanding principal balance; however, the actual availability is dependent on the amount of eligible loans that serve as the collateral for such borrowings.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	The carrying values and estimated fair values of the Company's financial instruments as of June 30, 2016 were as follows (in thousands): Carrying Value Total Estimated Fair Value Estimated Fair Value (Level 2) Estimated Fair Value (Level 3) Assets: Vacation Interests notes receivable, net $ 672,828 $ 672,828 $ — $ 672,828 Total assets $ 672,828 $ 672,828 $ — $ 672,828 Liabilities: Senior Credit Facility, net $ 559,448 $ 570,307 $ 570,307 $ — Securitization notes and Funding Facilities, net 597,326 607,761 607,761 — Notes payable 8,612 8,612 8,612 — Total liabilities $ 1,165,386 $ 1,186,680 $ 1,186,680 $ — The carrying values and estimated fair values of the Company's financial instruments as of December 31, 2015 were as follows (in thousands): Carrying Value Total Estimated Fair Value Estimated Fair Value (Level 2) Estimated Fair Value (Level 3) Assets: Vacation Interests notes receivable, net $ 622,607 $ 622,607 $ — $ 622,607 Total assets $ 622,607 $ 622,607 $ — $ 622,607 Liabilities: Senior Credit Facility, net $ 558,416 $ 569,931 $ 569,931 $ — Securitization notes and Funding Facilities, net 630,080 638,420 638,420 — Notes payable 4,750 4,750 4,750 — Total liabilities $ 1,193,246 $ 1,213,101 $ 1,213,101 $ — The following table summarizes the information regarding the Company's derivative instruments as of the dates presented below (in thousands): As of June 30, 2016 As of December 31, 2015 Carrying Value Total Estimated Fair Value Carrying Value Total Estimated Fair Value Liabilities: Interest rate swap agreements $ 90 $ 90 $ 146 $ 146 Total Liabilities $ 90 $ 90 $ 146 $ 146

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
Stock-Based Compensation [Abstract]
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range	Stock option activity during the six months ended June 30, 2016 related to stock option grants issued to the employees of the Company was as follows: Options (In thousands) Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (In thousands) Outstanding at January 1, 2016 8,766 $ 17.20 7.9 $ 72,840 Granted — — Exercised (14 ) $ 14.00 Forfeited or expired (9 ) $ 14.00 Outstanding at June 30, 2016 8,743 $ 17.21 7.4 $ 111,482 Exercisable at June 30, 2016 6,838 $ 15.53 7.1 $ 98,682
Schedule of Nonvested Share Activity	The following table summarizes the Company’s unvested stock option activity for the six months ended June 30, 2016 : Options (In thousands) Weighted-Average Exercise Price (Per Share) Unvested at January 1, 2016 2,547 $ 23.51 Granted — — Vested (633 ) 24.43 Forfeited or expired (9 ) 14.00 Unvested at June 30, 2016 1,905 $ 23.15
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	The following table summarizes the activity related to restricted stock, RSUs and deferred stock during the six months ended June 30, 2016 : Restricted Stock Restricted Stock Units Deferred Stock Shares (In thousands) Weighted Average Grant Price (Per share) Units (In thousands) Weighted Average Grant Price (Per share) Units (In thousands) Weighted Average Grant Price (Per share) Unvested at January 1, 2016 160 $ 30.58 78 $ 32.69 — $ 32.72 Granted 17 $ 22.11 — $ — 17 $ 22.11 Vested/Converted to common stock (39 ) $ 30.44 (8 ) $ 32.69 (17 ) $ 22.11 Forfeited or expired — $ — — $ — — $ — Unvested at June 30, 2016 138 $ 29.58 70 $ 32.69 — $ —
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	The following table summarizes the Company’s stock-based compensation expense for the three and six months ended June 30, 2016 and 2015 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Company employee grants $ 3,773 $ 3,782 $ 7,580 $ 7,002 Non-employee director grants 355 640 697 715 Total $ 4,128 $ 4,422 $ 8,277 $ 7,717 Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 Hospitality and Vacation Corporate and Total Hospitality and Vacation Corporate and Total Management and member services $ 774 $ — $ — $ 774 $ 625 $ — $ — $ 625 Advertising, sales and marketing — 1,484 — 1,484 — 916 — 916 Vacation Interests carrying cost, net — 141 — 141 — 115 — 115 Loan portfolio — 223 — 223 — 181 — 181 General and administrative — — 5,655 5,655 — — 5,880 5,880 Total $ 774 $ 1,848 $ 5,655 $ 8,277 $ 625 $ 1,212 $ 5,880 $ 7,717 The following table summarizes the effect of the stock-based compensation for the three months ended June 30, 2016 and 2015 (in thousands): Three Months Ended June 30, 2016 Three Months Ended June 30, 2015 Hospitality and Management Services Vacation Interests Sales and Financing Corporate and Other Total Hospitality and Management Services Vacation Interests Sales and Financing Corporate and Other Total Management and member services $ 381 $ — $ — $ 381 $ 345 $ — $ — $ 345 Advertising, sales and marketing — 734 — 734 — 547 — 547 Vacation Interests carrying cost, net — 69 — 69 — 64 — 64 Loan portfolio — 110 — 110 — 100 — 100 General and administrative — — 2,834 2,834 — — 3,366 3,366 Total $ 381 $ 913 $ 2,834 $ 4,128 $ 345 $ 711 $ 3,366 $ 4,422
Deferred Charges, Policy	The following table summarizes the Company’s unrecognized stock-based compensation expense as of June 30, 2016 (dollars in thousands): Options Restricted Stock Restricted Stock Units Deferred Stock Total Unrecognized stock-based compensation expense $ 13,068 $ 3,653 $ 1,772 $ 345 $ 18,838 Weighted-average remaining amortization period (in years) 0.9 1.8 2.4 0.9 1.2 Upon completion of the Pending Merger (subject to the conditions thereto), all outstanding stock options (with the exception of those stock options with an exercise price that exceeds $30.25 per share), unvested shares of restricted stock (with the exception of a grant of restricted stock to a member of the board of directors on May 24, 2016 that provided that only one-third of such grant would vest in the event of a change of control of the Company within the first 12 months following the grant date and that the remaining two-thirds would be forfeited), RSUs and deferred stock of the Company will be converted into the right to receive lump sum cash payments, which amounts will be calculated in accordance with the Merger Agreement. In connection with the foregoing, all outstanding stock-based compensation previously issued will be canceled concurrent with the completion of the Pending Merger.

Accumulated Other Comprehensi52

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (loss) [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive income (loss) are as follows (in thousands): Cumulative Translation Adjustment Other Total Balance, December 31, 2015 $ (20,182 ) $ 31 $ (20,151 ) Period change (992 ) (17 ) (1,009 ) Balance, June 30, 2016 $ (21,174 ) $ 14 $ (21,160 )

Net Income per share (Tables)

Net Income per share (Tables)	6 Months Ended
	Jun. 30, 2016
Net income (loss) per share [Abstract]
Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method	The table below sets forth the computation of basic and diluted net income per share for the periods presented below (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Computation of Basic Net Income Per Share: Net income $ 25,492 $ 35,640 $ 58,670 $ 60,010 Weighted average shares outstanding 69,585 73,052 69,589 73,769 Basic net income per share $ 0.37 $ 0.49 $ 0.84 $ 0.81 Computation of Diluted Net Income Per Share: Net income $ 25,492 $ 35,640 $ 58,670 $ 60,010 Weighted average shares outstanding 69,585 73,052 69,589 73,769 Effect of dilutive securities: Restricted stock, RSUs and deferred stock (a) 17 32 17 28 Options to purchase common stock 2,318 2,675 2,125 2,633 Shares for diluted net income per share 71,920 75,759 71,731 76,430 Diluted net income per share $ 0.35 $ 0.47 $ 0.82 $ 0.79 (a) Includes unvested dilutive restricted stock and RSUs that are subject to future forfeitures.

Business Combinations Busines54

Business Combinations Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2016
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The following table summarizes the consideration paid and the amounts of the assets acquired and liabilities assumed from the Gold Key Companies at the acquisition date (in thousands): Based on Preliminary Appraisal as of October 16, 2015 Adjustments Recorded through June 30, 2016 Based on Updated Appraisal as of June 30, 2016 Consideration: Cash $ 167,500 $ 397 $ 167,897 Fair value of total consideration transferred $ 167,500 $ 397 $ 167,897 Recognized amounts of identifiable assets acquired and liabilities assumed as of October 16, 2015: Cash and cash equivalents $ 66 $ — $ 66 Restricted cash 47 — 47 Due from related parties, net 766 — 766 Other receivables, net 69 — 69 Prepaid expenses and other assets, net 15,904 — 15,904 Unsold Vacation Interests 26,481 (11 ) 26,470 Property and equipment 15,329 (11 ) 15,318 Other intangible assets 53,060 (400 ) 52,660 Total assets 111,722 (422 ) 111,300 Liabilities assumed 18,101 (323 ) 17,778 Total identifiable net assets $ 93,621 $ (99 ) $ 93,522 Goodwill $ 73,879 $ 496 $ 74,375 The following table summarizes the consideration paid and the amounts of the assets acquired and liabilities assumed in connection with the Intrawest Acquisition at the acquisition date (in thousands): Based on Preliminary Appraisal as of January 29, 2016 Adjustments Recorded through June 30, 2016 Based on Updated Appraisal as of June 30, 2016 Consideration: Cash $ 84,613 $ — $ 84,613 Fair value of total consideration transferred $ 84,613 $ — $ 84,613 Recognized amounts of identifiable assets acquired and liabilities assumed as of January 29, 2016: Vacation Interests notes receivable, net $ 22,114 $ — $ 22,114 Income tax receivable 138 — 138 Other receivables, net 873 (563 ) 310 Prepaid expenses and other assets, net 4,291 5,236 9,527 Unsold Vacation Interests 16,703 308 17,011 Property and equipment 1,930 52 1,982 Other intangible assets 27,300 2,000 29,300 Total assets 73,349 7,033 80,382 Deferred tax liability 4,419 — 4,419 Liabilities assumed 8,403 5,804 14,207 Total identifiable net assets $ 60,527 $ 1,229 $ 61,756 Goodwill $ 24,086 $ (1,229 ) $ 22,857 Acquired intangible assets consisted of the following as
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination	Acquired intangible assets consisted of the following as of January 29, 2016 (dollar amounts in thousands): Weighted Average Useful Life in Years Based on Preliminary Appraisal as of January 29, 2016 Adjustments Recorded through June 30, 2016 Based on Updated Appraisal as of June 30, 2016 Management contracts 20 $ 16,700 $ 2,300 $ 19,000 Rights to develop inventory 14 9,600 (300 ) 9,300 Member relationships 6 1,000 — 1,000 $ 27,300 $ 2,000 $ 29,300 Acquired intangible assets consisted of the following as of the dates below (dollar amounts in thousands): Weighted Average Useful Life in Years Based on Preliminary Appraisal as of October 16, 2015 Adjustments Recorded through June 30, 2016 Based on Updated Appraisal as of June 30, 2016 Management contracts 20 $ 25,300 $ (400 ) $ 24,900 Rental agreements 4 15,800 200 16,000 Rights to develop inventory 14 11,600 (200 ) 11,400 Member relationships 6 360 — 360 $ 53,060 $ (400 ) $ 52,660

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table presents revenues and income before provision for income taxes for the Company's reportable segments (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Revenues: Hospitality and management services $ 53,649 $ 48,575 $ 106,059 $ 94,317 Vacation Interests sales and financing 191,665 182,548 372,726 333,940 Corporate and other 404 379 729 765 Total revenues $ 245,718 $ 231,502 $ 479,514 $ 429,022 Income before provision for income taxes: Hospitality and management services $ 41,244 $ 35,885 $ 81,781 $ 69,511 Vacation Interests sales and financing 60,150 65,485 123,852 122,954 Corporate and other (57,633 ) (39,004 ) (105,492 ) (87,171 ) Income before provision for income taxes $ 43,761 $ 62,366 $ 100,141 $ 105,294 Interest Revenue: Vacation Interests sales and financing $ 21,222 $ 18,420 $ 43,410 $ 36,836 Corporate and other 404 379 729 765 Total interest revenue $ 21,626 $ 18,799 $ 44,139 $ 37,601 Interest Expense: Vacation Interests sales and financing $ 4,889 $ 4,205 $ 9,737 $ 8,123 Corporate and other 10,051 7,316 20,269 15,002 Total interest expense $ 14,940 $ 11,521 $ 30,006 $ 23,125

Background, Business and Basi56

Background, Business and Basis of Presentation (Details) $ / shares in Units, $ in Thousands	Jun. 30, 2016USD ($)	Jan. 29, 2016USD ($)	Oct. 16, 2015USD ($)	Jun. 30, 2016USD ($)resort_unitresort_propertyresort_trustcountryvacation_destination	Jun. 30, 2015USD ($)	Jun. 29, 2016USD ($)$ / shares	Dec. 31, 2015USD ($)
Number Of Vacation Destinations | vacation_destination				437
Number Of Countries With Vacation Destinations | country				35
Number Of Resort Properties In Resort Network | resort_property				108
Number Of Resort Units | resort_unit				13,000
Number Of Affiliated Resorts | resort_property				309
Number Of Cruise Itineraries | country				20
Number Of Multi-Resort Trusts | resort_trust				8
Number Of Single-Resort Trusts | resort_trust				1
Escrow Deposit	$ 12,113			$ 12,113			$ 13,423
Business Acquisition, Share Price | $ / shares						$ 30.25
Business Acquisition, Transaction Costs						$ 2,200,000
Gold Key Acquisition [Member]
Escrow Deposit			$ 6,200
Payments to Acquire Businesses, Gross			$ 167,900
Intrawest Acquisition [Member]
Payments to Acquire Businesses, Gross	$ 84,613	$ 84,613		$ 84,613	$ 0
Number of resorts acquired [Domain] | Gold Key Acquisition [Member]
Other Parent Company Disclosures			six
Number of resorts acquired [Domain] | Intrawest Acquisition [Member]
Other Parent Company Disclosures		nine

Summary of Significant Accoun57

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Dec. 11, 2015	Feb. 05, 2015	Apr. 30, 2010
Long-term Debt	$ 1,165,386	$ 1,193,246
Adjustments for New Accounting Pronouncement [Member]
Prepaid Expense		24,200
Line of Credit Facility, Increase (Decrease), Net		11,500
Notes Reduction		$ 12,700
Quorum Facility [Member]
Long-term Debt					$ 100,000
Conduit 2008 [Member]
Debt Instrument, Face Amount			$ 200,000	$ 200,000

Restatement of Previously Iss58

Restatement of Previously Issued Financial Statements (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Unsold Vacation Interests, net	$ 405,557	$ 389,845	$ 346,629	$ 405,557	$ 346,629	$ 382,441	$ 314,515	$ 295,333
Income tax receivable	6,577			6,577		147
Deferred tax asset	992			992		1,104
Total assets	2,097,006			2,097,006		1,993,523
Accrued liabilities	229,043			229,043		221,919
Income taxes payable	457			457		360
Deferred income taxes	117,587			117,587		102,036
Total liabilities	1,744,698			1,744,698		1,707,349
Accumulated deficit	42,858			42,858		(15,812)
Total stockholders' equity	352,308			352,308		286,174
Total liabilities and stockholders' equity	2,097,006			2,097,006		1,993,523
Vacation Interest cost of sales	15,742		9,414	26,983	13,124
Total costs and expenses	201,957		169,136	379,373	323,728
Income (loss) before provision for income taxes	43,761		62,366	100,141	105,294
Provision for income taxes	18,269		26,726	41,471	45,284
Net income (loss)	$ 25,492		$ 35,640	$ 58,670	$ 60,010
Net income (loss) per share: Basic (in usd per share)	$ 0.37		$ 0.49	$ 0.84	$ 0.81
Net income (loss) per share: Diluted (in usd per share)	$ 0.35		$ 0.47	$ 0.82	$ 0.79
As originally reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Unsold Vacation Interests, net						358,278
Income tax receivable						147
Deferred tax asset						577
Total assets						1,968,833
Accrued liabilities						221,662
Income taxes payable						346
Deferred income taxes						92,829
Total liabilities						1,697,871
Accumulated deficit						(31,024)
Total stockholders' equity						270,962
Total liabilities and stockholders' equity						1,968,833
Vacation Interest cost of sales			$ 7,451		$ 8,589
Total costs and expenses			167,173		319,193
Income (loss) before provision for income taxes			64,329		109,829
Provision for income taxes			27,459		46,984
Net income (loss)			$ 36,870		$ 62,845
Net income (loss) per share: Basic (in usd per share)			$ 0.50		$ 0.85
Net income (loss) per share: Diluted (in usd per share)			$ 0.49		$ 0.82
Impact of Restatement [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Unsold Vacation Interests, net						24,163
Income tax receivable						0
Deferred tax asset						527
Total assets						24,690
Accrued liabilities						257
Income taxes payable						14
Deferred income taxes						9,207
Total liabilities						9,478
Accumulated deficit						15,212
Total stockholders' equity						15,212
Total liabilities and stockholders' equity						24,690
Vacation Interest cost of sales		$ 2,000	$ 1,963		$ 4,535
Total costs and expenses			1,963		4,535
Income (loss) before provision for income taxes			(1,963)		(4,535)
Provision for income taxes			(733)		(1,700)
Net income (loss)			$ (1,230)		$ (2,835)
Net income (loss) per share: Basic (in usd per share)			$ (0.01)		$ (0.04)
Net income (loss) per share: Diluted (in usd per share)			$ (0.02)		$ (0.03)
As restated [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Unsold Vacation Interests, net						382,441
Income tax receivable						147
Deferred tax asset						1,104
Total assets						1,993,523
Accrued liabilities						221,919
Income taxes payable						360
Deferred income taxes						102,036
Total liabilities						1,707,349
Accumulated deficit						(15,812)
Total stockholders' equity						286,174
Total liabilities and stockholders' equity						$ 1,993,523
Vacation Interest cost of sales			$ 9,414		$ 13,124
Total costs and expenses			169,136		323,728
Income (loss) before provision for income taxes			62,366		105,294
Provision for income taxes			26,726		45,284
Net income (loss)			$ 35,640		$ 60,010
Net income (loss) per share: Basic (in usd per share)			$ 0.49		$ 0.81
Net income (loss) per share: Diluted (in usd per share)			$ 0.47		$ 0.79

Concentrations of Risk (Details

Concentrations of Risk (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Mar. 10, 2016	Dec. 31, 2015	Dec. 15, 2015
Derivative Liability, Fair Value, Gross Liability	$ 90		$ 146
December 2015 swap [Member]
Derivative, Notional Amount				$ 20,500
Derivative, Fixed Interest Rate				2.38%
March 2016 swap [Member]
Derivative, Notional Amount		$ 45,000
Derivative, Fixed Interest Rate		2.25%
December 2015 and March 2016 swap [Member]
Derivative Liability, Fair Value, Gross Liability	$ 100
Geographic Concentration Risk [Member]
Concentration Risk, Percentage	10.00%
Geographic Concentration Risk [Member] | CALIFORNIA
Concentration Risk, Percentage	32.00%

Cash in Escrow and Restricted60

Cash in Escrow and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Restricted Cash and Cash Equivalents Items [Line Items]
Securities Reserve Deposit Required and Made	$ 44,654	$ 50,943
Escrow Deposit	12,113	13,423
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	11,035	10,680
Funds Held for Clients	3,203	18,626
Security Deposit	847	883
Restricted Cash and Investments	4,703	3,740
Restricted Cash and Cash Equivalents	$ 76,555	$ 98,295

Vacation Interests Notes Rece61

Vacation Interests Notes Receivable and Allowance -Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 29, 2016	Jan. 29, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract Receivable, Due after One Year, Lowest Interest Rate	6.00%		6.00%
Contract Receivable, Due after One Year, Highest Interest Rate	18.00%		18.00%
Contract Receivable, Due after One Year, Weighted Average Interest Rate	14.50%		14.50%				14.60%
Receivables Greater Than 90 Days	3.70%		3.70%				2.50%
Amortization of Financing Costs and Discounts	$ 1,346		$ 1,346				$ 0
Amortization of Deferred Loan Origination Fees, Net	1,600	$ 1,000	$ 3,100	$ 2,000
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage Loans On Real Estate, Payment Period			2 years
Initiation of cancellation or foreclosure proceedings			91 days
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage Loans On Real Estate, Payment Period			15 years
Mortgage Loans on Real Estate, Periodic Payment Terms			P10Y
Initiation of cancellation or foreclosure proceedings			180 days
Intrawest Acquisition [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets					$ 22,114	$ 22,114
Time Sharing Transactions, Allowance for Uncollectible Accounts						3,200
Amortization of Financing Costs and Discounts						$ 1,500
Originated Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortization of Deferred Loan Origination Fees, Net	$ 4,100	$ 3,100	$ 8,000	$ 6,100

Vacation Interests Notes Rece62

Vacation Interests Notes Receivable and Allowance (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jan. 29, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Gross	$ 826,350		$ 769,791
Time Sharing Transactions, Allowance for Uncollectible Accounts on Receivables Sold with Recourse	(173,040)		(165,331)
Time Sharing Transactions, Deferred Profit	(1,367)		(1,780)
Deferred Finance Costs, Net	15,415		15,546
Defaulted Mortgage inventory Value	6,816		4,152
Receivable with Imputed Interest, Premium	0		229
Receivable with Imputed Interest, Discount	1,346		0
Mortgages and contracts receivable, net	672,828		622,607
Originated Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Gross	784,685		744,532
Purchased Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Gross	41,665		25,259
Securitized interest notes receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Gross	676,162		688,777
Vacation Interest Notes Receivable - Non Securitized [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Gross	$ 150,188		$ 81,014
Intrawest Acquisition [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivable with Imputed Interest, Discount		$ 1,500
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Initiation of cancellation or foreclosure proceedings	180 days

Vacation Interests Notes Rece63

Vacation Interests Notes Receivable and Allowance Allowance Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Allowance for Doubtful Accounts Receivable [Roll Forward]
Allowances for Mortgage and Contract Receivables, Beginning Balance	$ 168,998	$ 135,701	$ 165,331	$ 130,639
Provision for uncollectible Vacation Interests sales			52,191	34,907
Allowance for Doubtful Accounts Receivable, Charge-offs	(26,732)	(10,745)	(44,951)	(19,645)
Allowances for Mortgage and Contract Receivables, Ending Balance	173,040	145,830	173,040	145,830
Sales [Member]
Allowance for Doubtful Accounts Receivable [Roll Forward]
Provision for uncollectible Vacation Interests sales	$ 30,774	$ 20,874	$ 52,660	$ 34,836

Vacation Interests Notes Rece64

Vacation Interests Notes Receivable and Allowance Schedule of Credit Quality and Aging (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Current	$ 764,250	$ 722,799
Financing Receivable, Gross	826,350	769,791
Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	20,558	19,158
Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	10,916	8,714
Financing Receivables, 90 To 119 Days Past Due Member [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	9,856	7,822
Financing Receivables, 120 To 149 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	9,745	5,743
Financing Receivables, 150 To 179 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	11,025	5,555
FICO Score, Greater Than 799 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Current	77,510	75,647
Financing Receivable, Gross	80,591	77,420
FICO Score, Greater Than 799 [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	929	751
FICO Score, Greater Than 799 [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	592	193
FICO Score, Greater Than 799 [Member] | Financing Receivables, 90 To 119 Days Past Due Member [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	390	338
FICO Score, Greater Than 799 [Member] | Financing Receivables, 120 To 149 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	461	204
FICO Score, Greater Than 799 [Member] | Financing Receivables, 150 To 179 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	709	287
FICO Score, 700 to 799 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Current	424,623	397,264
Financing Receivable, Gross	451,253	415,700
FICO Score, 700 to 799 [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	7,040	7,589
FICO Score, 700 to 799 [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	4,473	3,497
FICO Score, 700 to 799 [Member] | Financing Receivables, 90 To 119 Days Past Due Member [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	5,254	2,938
FICO Score, 700 to 799 [Member] | Financing Receivables, 120 To 149 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	4,671	1,879
FICO Score, 700 to 799 [Member] | Financing Receivables, 150 To 179 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	5,192	2,533
FICO Score, 600 to 699 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Current	227,181	213,818
Financing Receivable, Gross	253,430	234,749
FICO Score, 600 to 699 [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	9,927	8,444
FICO Score, 600 to 699 [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	4,765	3,653
FICO Score, 600 to 699 [Member] | Financing Receivables, 90 To 119 Days Past Due Member [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	3,485	3,893
FICO Score, 600 to 699 [Member] | Financing Receivables, 120 To 149 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	3,879	2,841
FICO Score, 600 to 699 [Member] | Financing Receivables, 150 To 179 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	4,193	2,100
FICO Score, Less Than 600 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Current	19,337	19,393
Financing Receivable, Gross	23,695	23,305
FICO Score, Less Than 600 [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	1,866	1,700
FICO Score, Less Than 600 [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	756	881
FICO Score, Less Than 600 [Member] | Financing Receivables, 90 To 119 Days Past Due Member [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	527	333
FICO Score, Less Than 600 [Member] | Financing Receivables, 120 To 149 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	528	533
FICO Score, Less Than 600 [Member] | Financing Receivables, 150 To 179 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	681	465
No FICO Score [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Current	15,599	16,677
Financing Receivable, Gross	17,381	18,617
No FICO Score [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	796	674
No FICO Score [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	330	490
No FICO Score [Member] | Financing Receivables, 90 To 119 Days Past Due Member [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	200	320
No FICO Score [Member] | Financing Receivables, 120 To 149 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	206	286
No FICO Score [Member] | Financing Receivables, 150 To 179 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 250	$ 170

Transactions with Related Par65

Transactions with Related Parties (Details) $ / shares in Units, $ in Thousands	Mar. 10, 2015USD ($)$ / sharesshares	Jan. 06, 2015USD ($)	Jun. 30, 2016USD ($)shares	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)shares	Jun. 30, 2015USD ($)	Dec. 31, 2016flight_hours	Jan. 29, 2016USD ($)	Dec. 31, 2015USD ($)shares	Mar. 21, 2015shares	Apr. 27, 2011USD ($)
Related Party Transaction [Line Items]
Due from Related Parties			$ 32,686		$ 32,686				$ 42,435
Due to Related Parties			100,264		100,264				54,778
Goodwill			127,874		127,874				104,521
Finite-Lived Intangible Assets, Gross			351,791		351,791			$ 27,300	$ 323,594
Aircraft Rental			$ 300	$ 294	$ 600	$ 589
Common Stock, Shares, Issued | shares			69,742,698		69,742,698				71,928,002
Payments for Repurchase of Common Stock					$ 0	74,126
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party			$ 600	600	1,200	1,200
Homeowners' Association [Member]
Related Party Transaction [Line Items]
Due from Related Parties			32,594		32,594				$ 42,393
Due to Related Parties			100,181		100,181				54,686
Other Related Parties [Member]
Related Party Transaction [Line Items]
Due from Related Parties			92		92				42
Due to Related Parties			83		83				$ 92
HM&C [Member]
Related Party Transaction [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest		5.00%
HM&C Acquisition [Member]
Related Party Transaction [Line Items]
Goodwill		$ 10
Praesumo Agreement [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party			$ 400	$ 500	$ 900	$ 945
DROT 2011 Notes [Member]
Related Party Transaction [Line Items]
Debt Instrument, Face Amount											$ 64,500
Master Agreement [Member]
Related Party Transaction [Line Items]
Business Combination, Acquisition Related Costs		300
Master Agreement [Member] | General and Administrative Expense [Member]
Related Party Transaction [Line Items]
Business Combination, Acquisition Related Costs		7,800
Master Agreement [Member] | Board of Directors Chairman [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party		16,500
Finite-Lived Intangible Assets, Gross		$ 9,000
March 2015 offering [Member]
Related Party Transaction [Line Items]
Common Stock, Shares, Issued | shares	6,700,000									802,316
Treasury Stock, Shares, Acquired | shares	1,515,582
Share Price | $ / shares	$ 32.99
Payments for Repurchase of Common Stock	$ 50,000
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party	$ 1,000
Board of Directors Chairman [Member] | HM&C [Member]
Related Party Transaction [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest		95.00%
Scenario, Forecast [Member]
Related Party Transaction [Line Items]
Flight_hours | flight_hours							50

Other receivables (Details)

Other receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 29, 2016	Jan. 29, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other receivables, net	$ 31,848			$ 55,786
Allowance for Doubtful Accounts Receivable	8,100			12,300
Mini-Vacations and Sampler Programs revenue [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other receivables, net	15,239			14,723
Vacation Interest Notes Receivable - Non Securitized [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other receivables, net	7,827			7,919
Rental receivables [Domain]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other receivables, net	3,055			2,737
THE Club dues receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other receivables, net	1,561			25,028
Insurance Claims [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other receivables, net	1,322			1,262
Other Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other receivables, net	$ 2,844			$ 4,117
Intrawest Acquisition [Member] | Other Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Business Combination, Acquired Receivables, Gross Contractual Amount		$ 310	$ 873

Prepaid Expenses and Other As67

Prepaid Expenses and Other Assets, Net Prepaid Expenses and Other Assets, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 29, 2016	Jan. 29, 2016	Dec. 31, 2015
Unamortized maintenance fees	$ 59,143		$ 59,143				$ 0
Other Inventory, in Transit, Gross	37,653		37,653				29,323
Deferred Sales Commission	17,020		17,020				17,109
Prepaid Expense, Current	7,566		7,566				2,689
Advances on Inventory Purchases	5,729		5,729				4,767
Prepaid Insurance	3,869		3,869				2,670
Prepaid Advertising	3,513		3,513				2,601
Deferred Finance Costs, Current, Net	3,350		3,350				2,545
Deposits Assets	2,663		2,663				2,635
Prepaid maintenance fees	2,323		2,323				3,843
Other Prepaid Expense, Current	15,665		15,665				8,272
Prepaid Expense and Other Assets	158,494		158,494				$ 76,454
Amortization of Debt Issuance Costs	$ 600	$ 400	$ 1,100	$ 800
Intrawest Acquisition [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets					$ 9,527	$ 4,291

Unsold Vacation Interests, Ne68

Unsold Vacation Interests, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Unsold Vacation Interests, Net [Abstract]
Completed unsold Vacation Interests, net	$ 367,850		$ 322,945
Undeveloped Land	36,085		35,974
Vacation Interest Construction in Progress	1,622		23,522
Inventory, Net	$ 405,557	$ 389,845	$ 382,441	$ 346,629	$ 314,515	$ 295,333

Unsold Vacation Interests, Ne69

Unsold Vacation Interests, Net - Activity Related to Unsold Vacation Interests (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 29, 2016	Jan. 29, 2016
Unsold Vacation Interests, Net [Roll Forward]
Inventory, Net (period start)	$ 389,845	$ 314,515	$ 382,441	$ 295,333
Vacation interest cost of sales	15,742	9,414	26,983	13,124
Deferred Inventory Recovery	27,444	18,913	27,780	18,777
Purchases in connection with Business combinations	308	0	17,000	0
Open market and bulk purchases	1,239	9,104	4,553	14,866
Real Estate Inventory, Capitalized Interest Costs Incurred	5,193	4,419	7,755	7,677
Construction in progress	2,009	5,898	3,078	7,806
Transfer of construction-in-progress to property, plant and equipment	(67)	0	(5,769)	0
Allowance for Doubtful Accounts Receivable, Recoveries	5,208	563	5,881	2,176
Transfers from assets held for sale	(7,910)	(177)	(7,910)	12,982
effect on foreign currency translation	(1,819)	2,472	(2,054)	(464)
other	(151)	336	(215)	600
Inventory, Net (period end)	$ 405,557	$ 346,629	$ 405,557	$ 346,629
Intrawest Acquisition [Member]
Unsold Vacation Interests, Net [Roll Forward]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory					$ 17,011	$ 16,703

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 29, 2016	Jan. 29, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 190,143		$ 190,143				$ 170,244
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(84,168)		(84,168)				(74,883)
Property, Plant and Equipment, Net	105,975		105,975				95,361
Depreciation	5,100	$ 4,000	10,200	$ 7,900
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	21,022		21,022				20,219
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	69,477		69,477				60,281
Furniture and office equipment [Domain]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	23,983		23,983				21,845
Software [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	53,101		53,101				46,231
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	20,764		20,764				19,146
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1,796		$ 1,796				$ 2,522
Intrawest Acquisition [Member]
Property, Plant and Equipment [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment					$ 1,982	$ 1,930

Other Intangible Assets, Net (D

Other Intangible Assets, Net (Details) - USD ($) $ in Thousands	Jan. 29, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 29, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 27,300	$ 351,791		$ 351,791	$ 351,791			$ 323,594
Finite-Lived Intangible Assets, Accumulated Amortization		(111,943)		(111,943)	(111,943)			(101,404)
Finite-Lived Intangible Assets, Net		239,848		239,848	239,848			222,190
Amortization of Intangible Assets		5,700	$ 4,500		11,200	$ 9,200
management contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		244,581		244,581	244,581			226,515
Finite-Lived Intangible Assets, Accumulated Amortization		(64,884)		(64,884)	(64,884)			(58,278)
Finite-Lived Intangible Assets, Net		179,697		179,697	179,697			168,237
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		56,730		56,730	56,730			55,866
Finite-Lived Intangible Assets, Accumulated Amortization		(40,102)		(40,102)	(40,102)			(39,298)
Finite-Lived Intangible Assets, Net		16,628		16,628	16,628			16,568
Rental Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		16,000		16,000	16,000			15,800
Finite-Lived Intangible Assets, Accumulated Amortization		(2,833)		(2,833)	(2,833)			(823)
Finite-Lived Intangible Assets, Net		13,167		13,167	13,167			14,977
Rights to Develop Inventory [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		20,700		20,700	20,700			11,600
Finite-Lived Intangible Assets, Accumulated Amortization		(859)		(859)	(859)			(173)
Finite-Lived Intangible Assets, Net		19,841		19,841	19,841			11,427
Contractual Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		8,717		8,717	8,717			8,717
Finite-Lived Intangible Assets, Accumulated Amortization		(654)		(654)	(654)			(436)
Finite-Lived Intangible Assets, Net		8,063		8,063	8,063			8,281
Distribution Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		5,063		5,063	5,063			5,096
Finite-Lived Intangible Assets, Accumulated Amortization		(2,611)		(2,611)	(2,611)			(2,396)
Finite-Lived Intangible Assets, Net		$ 2,452		2,452	$ 2,452			$ 2,700
Intrawest Acquisition [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross							$ 29,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	27,300						29,300
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles				2,000
Intrawest Acquisition [Member] | management contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	16,700						19,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles				2,300
Intrawest Acquisition [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	1,000						1,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles				0
Intrawest Acquisition [Member] | Rights to Develop Inventory [Member]
Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 9,600						$ 9,300
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles				$ (300)
Intrawest Acquisition [Member] | Weighted Average [Member] | management contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Intrawest Acquisition [Member] | Weighted Average [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	6 years
Intrawest Acquisition [Member] | Weighted Average [Member] | Rights to Develop Inventory [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	14 years

Other Intangible Assets, Net (N

Other Intangible Assets, Net (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Goodwill [Line Items]
Amortization of Intangible Assets	$ 5.7	$ 4.5	$ 11.2	$ 9.2
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	22		22
Finite-Lived Intangible Assets, Amortization Expense, Year Two	21.3		21.3
Finite-Lived Intangible Assets, Amortization Expense, Year Three	21.2		21.2
Finite-Lived Intangible Assets, Amortization Expense, Year Four	18.3		18.3
Finite-Lived Intangible Assets, Amortization Expense, Year Five	17.1		17.1
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	$ 139.9		$ 139.9

Assets Held for sale (Details)

Assets Held for sale (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Assets Held-for-sale, Not Part of Disposal Group	$ 8,931	$ 1,672
Europe [Member] | Points equivalent to unsold units [Member]
Property, Plant and Equipment [Line Items]
Assets Held-for-sale, Not Part of Disposal Group	8,931	1,518
Cabo, Mexico [Member] | Completed units [Member]
Property, Plant and Equipment [Line Items]
Assets Held-for-sale, Not Part of Disposal Group	$ 0	$ 154

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 29, 2016	Jan. 29, 2016	Dec. 31, 2015
Acquired Indefinite-lived Intangible Assets [Line Items]
Unrecognized Tax Benefits	$ 91,250			$ 76,001
Accrued payroll and related	25,376			37,154
Accrued marketing expenses	22,966			24,885
Accrued other taxes	17,244			15,525
Accrued commissions	16,206			22,774
Business Combination, Separately Recognized Transactions, Liabilities Recognized	10,071			12,371
Accrued professional fees	8,467			4,336
Accrued insurance	7,681			7,795
Escrow Liability	3,832			3,784
Accrued operating lease liabilities	2,950			3,309
Accrued exchange company fees	1,555			2,131
Other	14,045			11,854
Accrued Liabilities	229,043			221,919
Intrawest Acquisition [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Repurchase Agreement Counterparty, Amount at Risk	7,400			$ 0
Other	$ 4,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		$ 14,207	$ 8,403
Other Liabilities [Member] | Intrawest Acquisition [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities			$ 11,500

Deferred Revenues (Details)

Deferred Revenues (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 29, 2016	Jan. 29, 2016	Dec. 31, 2015
Deferred Revenue Arrangement [Line Items]
Deferred revenues	$ 106,871			$ 119,720
Mini-Vacations and Sampler Programs revenue [Member]
Deferred Revenue Arrangement [Line Items]
Deferred revenues	67,521			66,285
Annual Membership Fees [Member]
Deferred Revenue Arrangement [Line Items]
Deferred revenues	24,518			43,890
Accrued Guest Deposits [Domain]
Deferred Revenue Arrangement [Line Items]
Deferred revenues	8,573			6,631
Other Deferred Revenue [Member]
Deferred Revenue Arrangement [Line Items]
Deferred revenues	$ 6,259			$ 2,914
Intrawest Acquisition [Member]
Deferred Revenue Arrangement [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		$ 14,207	$ 8,403
Intrawest Acquisition [Member] | Other Deferred Revenue [Member]
Deferred Revenue Arrangement [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities			$ 2,500

Borrowings (Narrative) (Details

Borrowings (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	May 11, 2016	Mar. 31, 2016	Apr. 27, 2011
Debt Instrument [Line Items]
Loans Pledged as Collateral	$ 0		$ 0
Debt, Weighted Average Interest Rate	5.50%		5.50%
Amortization of Deferred Loan Origination Fees, Net	$ 1,600	$ 1,000	$ 3,100	$ 2,000
Notes Payable Insurance Policies [Member]
Debt Instrument [Line Items]
Loans Pledged as Collateral	$ 0		$ 0
Debt Instrument, Interest Rate, Stated Percentage						2.50%
Debt, Weighted Average Interest Rate	2.50%		2.50%
Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Loans Pledged as Collateral	$ 0		$ 0
Debt, Weighted Average Interest Rate
Conduit 2008 [Member]
Debt Instrument [Line Items]
Loans Pledged as Collateral	$ 75,976		$ 75,976
Debt, Weighted Average Interest Rate	3.20%		3.20%
2016 Capital One, Conduit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount					$ 100,000
Loans Pledged as Collateral	$ 73,503		$ 73,503
Debt, Weighted Average Interest Rate	2.70%		2.70%
DROT 2011 Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount							$ 64,500
Loans Pledged as Collateral	$ 10,806		$ 10,806
Debt, Weighted Average Interest Rate	4.00%		4.00%

Borrowings (Details)

Borrowings (Details) - USD ($) $ in Thousands	May 11, 2016	May 09, 2016	Feb. 05, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	May 10, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Amortization of Deferred Loan Origination Fees, Net				$ 1,600	$ 1,000	$ 3,100	$ 2,000
Line of credit facility amount outstanding, gross				574,666		574,666			$ 574,666
Original Debt Discount				(15,218)		(15,218)			(16,250)
Notes Payable				8,612		8,612			4,750
Securitization notes and Funding Facilities, net of unamortized original issue discount of $83 and $103, respectively, and debt issuance costs of $11,026 and $12,678, respectively				$ 597,326		$ 597,326			630,080
Debt, Weighted Average Interest Rate				5.50%		5.50%
Loans Pledged as Collateral				$ 0		$ 0
Debt Instrument, Unused Borrowing Capacity, Amount				252,604		252,604
Long-term Debt				1,165,386		$ 1,165,386			1,193,246
Financing Receivable, Credit Quality, Additional Information						.10
Corporate Debt Securities [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross				568,060		$ 568,060			563,166
Loans Pledged as Collateral				0		0
Line of Credit Facility, Remaining Borrowing Capacity				25,000		25,000
Securitization notes and funding facilities [Member]
Debt Instrument [Line Items]
Securitization notes and Funding Facilities, net of unamortized original issue discount of $83 and $103, respectively, and debt issuance costs of $11,026 and $12,678, respectively				597,326		597,326			630,080
Loans Pledged as Collateral				(676,162)		(676,162)
Line of Credit Facility, Remaining Borrowing Capacity				227,604		227,604
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit, Current				25,000		25,000
Notes Payable Insurance Policies [Member]
Debt Instrument [Line Items]
Notes Payable				$ 8,612		$ 8,612			4,586
Debt, Weighted Average Interest Rate				2.50%		2.50%
Loans Pledged as Collateral				$ 0		$ 0
Line of Credit Facility, Remaining Borrowing Capacity				0		0
Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Notes Payable				$ 0		$ 0			164
Debt, Weighted Average Interest Rate
Loans Pledged as Collateral				$ 0		$ 0
Line of Credit Facility, Remaining Borrowing Capacity				0		0
DROT 2015-2 [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross				$ 124,986		$ 124,986			172,583
Debt, Weighted Average Interest Rate				3.10%		3.10%
Loans Pledged as Collateral				$ (132,493)		$ (132,493)
Line of Credit Facility, Remaining Borrowing Capacity				0		0
DROT 2014-1 [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross				$ 111,997		$ 111,997			140,256
Debt, Weighted Average Interest Rate				2.60%		2.60%
Loans Pledged as Collateral				$ (121,736)		$ (121,736)
Line of Credit Facility, Remaining Borrowing Capacity				0		0
DROT 2015-1 [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross				$ 88,796		$ 88,796			126,776
Debt, Weighted Average Interest Rate				2.80%		2.80%
Loans Pledged as Collateral				$ (95,889)		$ (95,889)
Line of Credit Facility, Remaining Borrowing Capacity				0		0
DROT 2013-2 [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross				$ 69,471		$ 69,471			84,659
Debt, Weighted Average Interest Rate				2.30%		2.30%
Loans Pledged as Collateral				$ (77,190)		$ (77,190)
Line of Credit Facility, Remaining Borrowing Capacity				0		0
Conduit 2008 [Member]
Debt Instrument [Line Items]
Securitization notes and Funding Facilities, net of unamortized original issue discount of $83 and $103, respectively, and debt issuance costs of $11,026 and $12,678, respectively				$ 65,694		$ 65,694			22,538
Debt, Weighted Average Interest Rate				3.20%		3.20%
Loans Pledged as Collateral				$ (75,976)		$ (75,976)
Line of Credit Facility, Remaining Borrowing Capacity				134,306		134,306
2016 Capital One, Conduit Facility [Member]
Debt Instrument [Line Items]
Advance Rate for Securitization	85.00%
Derivative, Basis Spread on Variable Rate	2.25%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.75%
Long-term Debt, Gross				$ 63,757		$ 63,757			0
Debt, Weighted Average Interest Rate				2.70%		2.70%
Loans Pledged as Collateral				$ (73,503)		$ (73,503)
Line of Credit Facility, Remaining Borrowing Capacity				36,243		36,243
Line of Credit Facility, Capacity Available for Specific Purpose Other than for Trade Purchases	$ 10,000
DRI Quorum Facility and Island One Quorum Funding Facility [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross				$ 42,945		$ 42,945			45,411
Debt, Weighted Average Interest Rate				4.40%		4.40%
Loans Pledged as Collateral				$ (49,526)		$ (49,526)
Line of Credit Facility, Remaining Borrowing Capacity				57,055		57,055
DROT 2013 [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross				$ 26,213		$ 26,213			30,681
Debt, Weighted Average Interest Rate				2.00%		2.00%
Loans Pledged as Collateral				$ (29,126)		$ (29,126)
Line of Credit Facility, Remaining Borrowing Capacity				0		0
DROT 2011 Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross				$ 10,127		$ 10,127			12,073
Debt, Weighted Average Interest Rate				4.00%		4.00%
Loans Pledged as Collateral				$ (10,806)		$ (10,806)
Line of Credit Facility, Remaining Borrowing Capacity				0		0
DRTOT 2013 [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross				$ 4,449		$ 4,449			7,884
Debt, Weighted Average Interest Rate				6.00%		6.00%
Loans Pledged as Collateral				$ (9,917)		$ (9,917)
Line of Credit Facility, Remaining Borrowing Capacity				0		0
Securitization notes and funding facilities [Member]
Debt Instrument [Line Items]
Original Debt Discount				$ 11,109		$ 11,109			$ 12,781
Conduit 2008 [Member]
Debt Instrument [Line Items]
Advance Rate for Securitization		85.00%	88.00%
Reserve Requirement Percentage		0.25%
Loans Pledged as Collateral								$ (3,500)
Loan collateral percentage		5.00%
Minimum [Member] | Conduit 2008 [Member]
Debt Instrument [Line Items]
Delinquency rate		6.50%
Default Rate		0.90%
Maximum [Member] | Conduit 2008 [Member]
Debt Instrument [Line Items]
Delinquency rate		8.25%
Default Rate		2.25%

Commitments and Contingencies (

Commitments and Contingencies (Details)	Jul. 29, 2015resort_unit	Jun. 30, 2016USD ($)resort_unit	Dec. 31, 2015USD ($)
Loss Contingencies [Line Items]
Purchase Commitment, Remaining Minimum Amount Committed		$ 3,200,000
Number Of Resort Units | resort_unit		13,000
Kona, Hawaii Property [Member]
Loss Contingencies [Line Items]
Number Of Resort Units | resort_unit	144
Payments to Acquire Other Real Estate		$ 300,000
Hurricane [Member]
Loss Contingencies [Line Items]
Insurance Recoveries		$ 5,000,000
Installments [Member] | Hurricane [Member]
Loss Contingencies [Line Items]
Insurance Recoveries			$ 6,000,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 90	$ 146
Vacation Interests notes receivable, net	(672,828)	(622,607)
Senior Credit Facility, net of unamortized original issue discount of $4,360 and $4,735, respectively, and debt issuance cost of $10,858 and $11,515, respectively	559,448	558,416
Securitization notes and Funding Facilities, net of unamortized original issue discount of $83 and $103, respectively, and debt issuance costs of $11,026 and $12,678, respectively	597,326	630,080
Notes Payable	8,612	4,750
Total liabilities	1,744,698	1,707,349
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation Interests notes receivable, net	0	0
Senior Credit Facility, net of unamortized original issue discount of $4,360 and $4,735, respectively, and debt issuance cost of $10,858 and $11,515, respectively	570,307	569,931
Securitization notes and Funding Facilities, net of unamortized original issue discount of $83 and $103, respectively, and debt issuance costs of $11,026 and $12,678, respectively	607,761	638,420
Notes Payable	8,612	4,750
Total liabilities	1,186,680	1,213,101
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation Interests notes receivable, net	(672,828)	(622,607)
Senior Credit Facility, net of unamortized original issue discount of $4,360 and $4,735, respectively, and debt issuance cost of $10,858 and $11,515, respectively	0	0
Securitization notes and Funding Facilities, net of unamortized original issue discount of $83 and $103, respectively, and debt issuance costs of $11,026 and $12,678, respectively	0	0
Notes Payable	0	0
Total liabilities	0	0
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability, Fair Value, Gross Liability	90	146
Vacation Interests notes receivable, net	(672,828)	(622,607)
Senior Credit Facility, net of unamortized original issue discount of $4,360 and $4,735, respectively, and debt issuance cost of $10,858 and $11,515, respectively	559,448	558,416
Securitization notes and Funding Facilities, net of unamortized original issue discount of $83 and $103, respectively, and debt issuance costs of $11,026 and $12,678, respectively	597,326	630,080
Notes Payable	8,612	4,750
Total liabilities	1,165,386	1,193,246
Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability, Fair Value, Gross Liability	90	146
Vacation Interests notes receivable, net	(672,828)	(622,607)
Senior Credit Facility, net of unamortized original issue discount of $4,360 and $4,735, respectively, and debt issuance cost of $10,858 and $11,515, respectively	570,307	569,931
Securitization notes and Funding Facilities, net of unamortized original issue discount of $83 and $103, respectively, and debt issuance costs of $11,026 and $12,678, respectively	607,761	638,420
Notes Payable	8,612	4,750
Total liabilities	$ 1,186,680	$ 1,213,101
DRTOT 2013 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Face Amount			$ 31,000

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	May 19, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Shares Authorized	250,000,000	250,000,000		250,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate				0.00%
Allocated Share-based Compensation Expense		$ 4,128	$ 4,422	$ 8,277	$ 7,717
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price				$ 0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options		18,838		$ 18,838
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 345		$ 345
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term				1 year 2 months 12 days
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period				(9,000)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price				$ 14
Stock Issued During Period, Shares, Restricted Stock Award, Gross				0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price				$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				(633,000)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value				$ 24.43
Shares, Outstanding	2,547,000	1,905,000		1,905,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price	$ 23.51	$ 23.15		$ 23.15
Parent Company [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		$ 3,773	3,782	$ 7,580	7,002
Company employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period				(14,000)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value		98,682		$ 98,682
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 72,840	$ 111,482		$ 111,482
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number		6,838,000		6,838,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price		$ 15.53		$ 15.53
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term				7 years 1 month 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period				(9,000)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	8,766,000	8,743,000		8,743,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	7 years 10 months 24 days			7 years 4 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 17.20	$ 17.21		$ 17.21
Hospitality and Management Services [Member] | Deferred Compensation, Share-based Payments [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		$ 381	345	$ 774	625
Vacation Interest Sales and Financing [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		913	711	1,848	1,212
Corporate and Other [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		2,834	3,366	$ 5,655	5,880
granted [Member] | Company employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price				$ 0
exercised [Member] | Company employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price				14
forfeited [Member] | Company employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price				$ 14
Management and member services [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		381	345	$ 774	625
Management and member services [Member] | Hospitality and Management Services [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		381	345	774	625
Management and member services [Member] | Vacation Interest Sales and Financing [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		0	0	0	0
Management and member services [Member] | Corporate and Other [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		0	0	0	0
advertising sales and marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		734	547	1,484	916
advertising sales and marketing [Member] | Hospitality and Management Services [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		0	0	0	0
advertising sales and marketing [Member] | Vacation Interest Sales and Financing [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		734	547	1,484	916
advertising sales and marketing [Member] | Corporate and Other [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		0	0	0	0
Vacation interest carrying costs, net [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		69	64	141	115
Vacation interest carrying costs, net [Member] | Hospitality and Management Services [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		0	0	0	0
Vacation interest carrying costs, net [Member] | Vacation Interest Sales and Financing [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		69	64	141	115
Vacation interest carrying costs, net [Member] | Corporate and Other [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		0	0	0	0
loan portfolio [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		110	100	223	181
loan portfolio [Member] | Hospitality and Management Services [Member] | Deferred Compensation, Share-based Payments [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		0	0	0	0
loan portfolio [Member] | Vacation Interest Sales and Financing [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		110	100	223	181
loan portfolio [Member] | Corporate and Other [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		0	0	0	0
General and Administrative Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		2,834	3,366	5,655	5,880
General and Administrative Expense [Member] | Hospitality and Management Services [Member] | Deferred Compensation, Share-based Payments [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		0	0	0	0
General and Administrative Expense [Member] | Vacation Interest Sales and Financing [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		0	0	0	0
General and Administrative Expense [Member] | Corporate and Other [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		2,834	3,366	5,655	5,880
Director [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		355	$ 640	697	$ 715
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options		$ 13,068		$ 13,068
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term				10 months 24 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				17,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period				0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price				$ 22.11
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	160,000	138,000		138,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				(39,000)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value				$ 30.44
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 30.58	$ 29.58		$ 29.58
Restricted Stock [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options		$ 3,653		$ 3,653
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term				1 year 9 months 18 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period				0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price				$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	78,000	70,000		70,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options		$ 1,772		$ 1,772
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term				2 years 4 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				(8,000)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value				$ 32.69
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 32.69	$ 32.69		$ 32.69
Deferred Compensation, Share-based Payments [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				17,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period				0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price				$ 0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price				$ 22.11
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	0	0		0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				(17,000)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value				$ 22.11
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 32.72	$ 0		$ 0
Deferred Compensation, Share-based Payments [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term				10 months 24 days
2015 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Shares Authorized						8,500,000
Common Stock, Capital Shares Reserved for Future Issuance		6,934,026		6,934,026

Accumulated Other Comprehensi81

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ (21,174)		$ (21,174)		$ (20,182)
Other Comprehensive Income (Loss), Net of Tax	(1)	$ 12	(17)	$ (6)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(1,141)	2,049	(1,009)	(1,088)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(21,160)		(21,160)		(20,151)
Currency translation adjustments, net of tax of $0	(1,140)	$ 1,994	(992)	$ (1,168)
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other			17
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ 14		14		$ 31
Currency translation adjustments, net of tax of $0			$ (992)

Net income per share (Details)

Net income per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			1,200
Net income (loss)	$ 25,492	$ 35,640	$ 58,670	$ 60,010
Weighted Average Number of Shares Outstanding, Basic	69,585	73,052	69,589	73,769
Earnings Per Share, Basic	$ 0.37	$ 0.49	$ 0.84	$ 0.81
Weighted Average Number of Shares Outstanding, Diluted	71,920	75,759	71,731	76,430
Earnings Per Share, Diluted	$ 0.35	$ 0.47	$ 0.82	$ 0.79
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			200
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive Securities, Effect on Basic Earnings Per Share	17	32	17	28
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted Average Number Diluted Limited Partnership Units Outstanding Adjustment	2,318	2,675	2,125	2,633

Business Combinations (Details)

Business Combinations (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jan. 29, 2016	Oct. 16, 2015	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 29, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Assets				$ 0
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred				0
Due from Related Parties	$ 32,686			32,686	$ 32,686		$ 32,686		$ 42,435
Finite-Lived Intangible Assets, Gross	351,791	$ 27,300		351,791	351,791		351,791		323,594
Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	167,897		$ 167,500
Business Combination, Contingent Consideration, Liability			15,500
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	74,375		73,879	74,375	74,375		74,375
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred							0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	66		66	66	66		66
Restricted Cash and Investments, Current	47		47	47	47		47
Due from Related Parties	766		766	766	766		766
Business Combination, Acquired Receivables, Gross Contractual Amount	69		69	69	69		69
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets	15,904		15,904	15,904	15,904		15,904
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	26,470		26,481	26,470	26,470		26,470
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	15,318		15,329	15,318	15,318		15,318
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	52,660		53,060	52,660	52,660		52,660
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	111,300		111,722	111,300	111,300		111,300
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles							(400)
Finite-Lived Intangible Assets, Gross			53,060					$ 52,660
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	17,778		18,101	17,778	17,778		17,778
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	93,522		$ 93,621	93,522	93,522		93,522
Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired					84,613	$ 0
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	22,857	24,086		22,857	22,857		22,857
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred				5,236
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets		4,291						9,527
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory		16,703						17,011
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		1,930						1,982
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		27,300						29,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		73,349						80,382
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles				2,000
Finite-Lived Intangible Assets, Gross								29,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		8,403						14,207
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		60,527						61,756
management contracts [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	244,581			244,581	244,581		244,581		226,515
management contracts [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Other Parent Company Disclosures			five
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			$ 25,300					24,900
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles							(400)
management contracts [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		16,700						19,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles				2,300
Rental Agreements [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	16,000			16,000	16,000		16,000		15,800
Rental Agreements [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			15,800					16,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles							200
Rights to Develop Inventory [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	20,700			20,700	20,700		20,700		11,600
Rights to Develop Inventory [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			11,600					11,400
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles							(200)
Rights to Develop Inventory [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		9,600						9,300
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles				(300)
Customer Relationships [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	$ 56,730			56,730	$ 56,730		56,730		$ 55,866
Customer Relationships [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			$ 360					360
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles							0
Customer Relationships [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 1,000						$ 1,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles				0
Liability [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities							(323)
Liability [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities				5,804
Weighted Average [Member] | management contracts [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life					20 years
Weighted Average [Member] | management contracts [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		20 years
Weighted Average [Member] | Rental Agreements [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life					4 years
Weighted Average [Member] | Rights to Develop Inventory [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life					14 years
Weighted Average [Member] | Rights to Develop Inventory [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		14 years
Weighted Average [Member] | Customer Relationships [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life					6 years
Weighted Average [Member] | Customer Relationships [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		6 years
Cash and Cash Equivalents [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred							397
Cash and Cash Equivalents [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred				0
Inventories [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory							(11)
Inventories [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory				308
Property, Plant and Equipment [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Property, Plant, and Equipment							(11)
Property, Plant and Equipment [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Property, Plant, and Equipment				52
Other Intangible Assets [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles							(400)
Other Intangible Assets [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles				2,000
Assets, Total [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred							(422)
Assets, Total [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred				7,033
Net Assets [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred							(99)
Net Assets [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred				1,229
Goodwill [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles							$ 496
Goodwill [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles				$ (1,229)

Business Combinations Intrawest

Business Combinations Intrawest Acquisition (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jan. 29, 2016	Oct. 16, 2015	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 29, 2016
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred				$ 0
Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 84,613	$ 84,613			$ 84,613	$ 0
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred				5,236
Business Acquisition, Goodwill, Expected Tax Deductible Amount		15,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets		22,114						$ 22,114
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets		4,291						9,527
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory		16,703						17,011
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		1,930						1,982
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		27,300						29,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		73,349						80,382
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent		4,419						4,419
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		8,403						14,207
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		60,527						61,756
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	22,857	24,086		22,857	22,857		$ 22,857
Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross			$ 167,900
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred							0
Business Combination, Acquired Receivables, Gross Contractual Amount	69		69	69	69		69
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets	15,904		15,904	15,904	15,904		15,904
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	26,470		26,481	26,470	26,470		26,470
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	15,318		15,329	15,318	15,318		15,318
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	52,660		53,060	52,660	52,660		52,660
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	111,300		111,722	111,300	111,300		111,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	17,778		18,101	17,778	17,778		17,778
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	93,522		93,621	93,522	93,522		93,522
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	$ 74,375		$ 73,879	74,375	$ 74,375		74,375
Accrued Income Receivable [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets		138						138
Other Receivables [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred				(563)
Business Combination, Acquired Receivables, Gross Contractual Amount		$ 873						$ 310
Cash and Cash Equivalents [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred				0
Cash and Cash Equivalents [Member] | Gold Key Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred							$ 397
Income tax receivable [Member] | Intrawest Acquisition [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory				$ 0

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Revenues	$ 245,718	$ 231,502	$ 479,514	$ 429,022
Income (loss) before provision for income taxes	43,761	62,366	100,141	105,294
Interest Income, Operating	21,626	18,799	44,139	37,601
Interest Expense	14,940	11,521	30,006	23,125
Hospitality and Management Services [Member]
Segment Reporting Information [Line Items]
Revenues	53,649	48,575	106,059	94,317
Income (loss) before provision for income taxes	41,244	35,885	81,781	69,511
Vacation Interest Sales and Financing [Member]
Segment Reporting Information [Line Items]
Revenues	191,665	182,548	372,726	333,940
Income (loss) before provision for income taxes	60,150	65,485	123,852	122,954
Interest Income, Operating	21,222	18,420	43,410	36,836
Interest Expense	4,889	4,205	9,737	8,123
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenues	404	379	729	765
Income (loss) before provision for income taxes	(57,633)	(39,004)	(105,492)	(87,171)
Interest Income, Operating	404	379	729	765
Interest Expense	$ 10,051	$ 7,316	$ 20,269	$ 15,002