Noncontrolling Interests And Redeemable Noncontrolling Interest

12 Months Ended

Dec. 31, 2019

Noncontrolling Interests And Redeemable Noncontrolling Interest [Abstract]

Noncontrolling Interests And Redeemable Noncontrolling Interest

20.    Noncontrolling Interests and Redeemable Noncontrolling Interest

Noncontrolling interests in the Company’s consolidated subsidiaries consisted of the following (in thousands):

		December 31,
	2019		2018
Bluegreen (1)	$	39,740		41,478
Bluegreen / Big Cedar Vacations (2)		49,534		45,611
Joint ventures and other		1,001		899
Total noncontrolling interests	$	90,275		87,988

The redeemable noncontrolling interest included in the Company’s consolidated statements of financial condition as of December 31, 2019 and 2018 was $4.0 million and $2.6 million, respectively, which is comprised of the 9.6% of IT’SUGAR’s Class B Units that are held by a noncontrolling interest and may be redeemed for cash at the holder’s option upon a contingent event that is outside of the Company’s control.

Income (loss) attributable to noncontrolling interests, including redeemable noncontrolling interests, consisted of the following (in thousands):

	For the Years Ended December 31,
	2019		2018		2017
Bluegreen (1)	$	3,363		8,566		5,639
Bluegreen / Big Cedar Vacations (2)		11,273		12,390		12,760
Joint ventures and other		(224)		(265)		(21)
Net income attributable to noncontrolling interests	$	14,412		20,691		18,378

(1) As a result of Bluegreen’s IPO during the fourth quarter of 2017 and subsequent share repurchases in 2018 and 2019, the Company owns 90.5% of Bluegreen. Bluegreen was a wholly-owned subsidiary of the Company prior to the Bluegreen IPO.

(2) Bluegreen has a joint venture arrangement pursuant to which it owns 51% of Bluegreen/Big Cedar Vacations.