Company Information and Significant Accounting Policies Company Information and Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2014

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The following tables present the effect of this and other immaterial errors for the financial statement line items impacted in the affected periods included within this interim financial statements.

Consolidated Statements of Income    

	Three Months Ended March 31, 2014						Three Months Ended March 31, 2013
	As Previously Reported		Adjustment		As Restated		As Previously Reported		Adjustment			As Restated
	(in thousands, except per share amounts)
Royalty fees	$	51,681	$	6,859	$	58,540	$	49,736	$	6,372		$	56,108
Marketing and reservation revenues	84,012		5,594		89,606		76,440		5,883			82,323
Total revenues	147,283		12,453		159,736		135,916		12,255			148,171
Selling, general and administrative	26,463		217		26,680		26,916		(248		)	26,668
Depreciation and amortization	2,122		156		2,278		2,041		—			2,041
Marketing and reservation expenses	84,012		5,594		89,606		76,440		5,883			82,323
Total operating expenses	112,597		5,967		118,564		105,397		5,635			111,032
Operating income	34,686		6,486		41,172		30,519		6,620			37,139
Income from continuing operations before income taxes	25,042		6,486		31,528		20,962		6,620			27,582
Income taxes	7,711		2,348		10,059		5,406		2,400			7,806
Income from continuing operations, net of income taxes	17,331		4,138		21,469		15,556		4,220			19,776
Basic earnings per share, continuing operations	$	0.30	$	0.07	$	0.37	$	0.27	$	0.07		$	0.34
Diluted earnings per share, continuing operations	$	0.29	$	0.07	$	0.36	$	0.26	$	0.08		$	0.34

	Three Months Ended March 31, 2014									Three Months Ended March 31, 2013
Consolidated Statements of Cash Flows	As Previously Reported			Adjustment			As Restated			As Previously Reported			Adjustment			As Restated
	(in thousands)
Operating Activities:
Net income	$	18,972		$	4,138		$	23,110		$	15,523		$	4,220		$	19,743
Depreciation and amortization	2,122			156			2,278			2,175			—			2,175
Provision for bad debts, net	1,182			217			1,399			844			202			1,046
Non-cash stock compensation and other charges	2,887			(12		)	2,875			2,549			(13		)	2,536
Deferred income taxes	(3		)	2,347			2,344			446			2,401			2,847
Receivables	(7,491		)	(12,440		)	(19,931		)	(3,531		)	(11,484		)	(15,015		)
Advances to/from marketing and reservation, activities	5,309			5,594			10,903			(4,101		)	5,124			1,023
Net cash provided by operating activities	5,264			—			5,264			145			450			595
Investing Activities:
Investment in property and equipment	(3,015		)	—			(3,015		)	(13,645		)	(450		)	(14,095		)
Net cash provided (used) by investing activities	1,027			—			1,027			(12,087		)	(450		)	(12,537		)

	As of March 31, 2014									As of December 31, 2013
	As Previously Reported			Adjustment			As Restated			As Previously Reported			Adjustment			As Revised
Consolidated Balance Sheets	(in thousands)
Receivables	$	59,241		$	40,906		$	100,147		$	53,521		$	28,864		$	82,385
Deferred income taxes	7,220			21,202			28,422			7,220			19,464			26,684
Total current assets	277,714			62,108			339,822			258,646			48,328			306,974
Property and equipment, at cost, net	56,664			1,604			58,268			66,092			1,760			67,852
Advances, marketing and reservation activities	18,856			(18,696		)	160			19,127			(13,283		)	5,844
Deferred income taxes	20,321			(20,321		)	—			20,282			(20,282		)	—
Total assets	554,900			24,695			579,595			539,899			16,523			556,422
Deferred income taxes	—			9,196			9,196			—			5,149			5,149
Total liabilities	1,009,533			9,196			1,018,729			1,004,144			5,149			1,009,293
Accumulated other comprehensive loss	(5,469		)	(12		)	(5,481		)	(6,217		)	—			(6,217		)
Retained earnings	349,458			15,511			364,969			341,649			11,374			353,023
Total shareholders' deficit	(454,633		)	15,499			(439,134		)	(464,245		)	11,374			(452,871		)