Notes Receivable (Tables)

12 Months Ended

Dec. 31, 2019

Information Relating To Bluegreen's Notes Receivable





	December 31,
	2019		2018
Notes receivable:
VOI notes receivable - non-securitized	$	203,872		124,642
VOI notes receivable - securitized		385,326		447,850
Notes receivable secured by homesites (1)		659		898
Gross notes receivable		589,857		573,390
Allowance for loan losses - non-securitized		(47,894)		(28,258)
Allowance for loan losses - securitized		(92,736)		(105,875)
Allowance for loan losses - homesites (1)		(65)		(90)
Notes receivable, net	$	449,162		439,167
Allowance as a % of gross notes receivable		24%		23%

(1)

Notes receivable secured by homesites were originated through a business, substantially all of the assets of which were sold by Bluegreen in 2012.

Future Contractual Principal Payments Of Notes Receivables



	December 31, 2019
2020	$	62,808
2021		62,320
2022		67,086
2023		70,589
2024		72,559
Thereafter		254,495
Gross notes receivable	$	589,857

Activity In The Allowance For Loan Losses



	For the Years Ended December 31,
	2019		2018		2017
Balance, beginning of period	$	134,223		123,791		120,270
Provision for loan losses		55,677		51,236		46,412
Write-offs of uncollectible receivables		(49,205)		(40,804)		(42,891)
Balance, end of period	$	140,695		134,223		123,791

Percentage Of Gross Notes Receivable Outstanding, By FICO Score At Origination



	December 31,
FICO Score	2019		2018
700+	59.00	%	57.00	%
600-699	37.00		39.00
<600	3.00		3.00
No score (1)	1.00		1.00
Total	100.00	%	100.00	%

(1)

VOI notes receivables without a FICO score are primarily related to foreign borrowers.

Delinquency Status Of Bluegreen's VOI Notes Receivable



	December 31,
	2019		2018
Current	$	557,849		541,783
31-60 days		6,794		5,783
61-90 days		5,288		4,516
> 91 days (1)		19,267		20,410
Total	$	589,198		572,492

(1)

Includes $10.6 million and $14.3 million of VOI notes receivable as of December 31, 2019 and 2018, respectively, that, as of such date, had defaulted but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of Bluegreen's receivable-backed notes payable transactions. These VOI notes receivable have been reflected in the allowance for loan losses.