Leases (Tables)

12 Months Ended

Dec. 31, 2019



	As of
	December 31, 2019
Operating lease assets	$	109,351
Operating lease liabilities	$	123,430
Weighted average remaining lease term (years)		6.2
Weighted average discount rate (1)		5.27	%

(1)

As most of the Company’s lease agreements do not provide an implicit rate, the Company estimates incremental secured borrowing rates corresponding to the maturities of its lease agreements to determine the present value of future lease payments. To estimate incremental borrowing rates applicable to BBX Capital and its subsidiaries, the Company considers various factors, including the rates applicable to its recently issued debt and credit facilities and prevailing financial market conditions. The Company used the incremental borrowing rates applicable to BBX Capital and its subsidiaries on January 1, 2019 for operating leases that commenced prior to that date.

Schedule Of Lease Costs



	For the Year Ended
	December 31, 2019
Fixed lease costs	$	28,745
Short-term lease costs		5,266
Variable lease costs		9,066
Total operating lease costs	$	43,077

Schedule Of Operating Lease Maturity



Years Ending December 31,
2020	$	26,384
2021		25,568
2022		23,413
2023		19,863
2024		12,644
After 2024		44,508
Total lease payments		152,380
Less: interest		28,950
Present value of lease liabilities	$	123,430

Schedule Of Future Rental Payments



Years Ending December 31,		Amount
2019	$	26,871
2020		24,525
2021		23,022
2022		20,682
2023		17,564
Thereafter		41,299
Total	$	153,963