Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt [Abstract]

Contractual Minimum Principal Payments Of Debt Outstanding

	Notes Payable and Other Borrowings		Receivable Backed Notes Payable - Recourse		Receivable Backed Notes Payable - Non-recourse		Junior Subordinated Debentures		Total
2020	$	17,127		—		—		—		17,127
2021		15,147		4,861		—		—		20,008
2022		18,365		8,263		—		—		26,628
2023		8,525		34,537		—		—		43,062
2024		104,379		36,136		31,708		—		172,223
Thereafter		27,422		4,772		307,663		177,129		516,986
		190,965		88,569		339,371		177,129		796,034
Unamortized debt issuance costs		(2,234)		—		(5,125)		(1,129)		(8,488)
Unamortized purchase discount		—		—		—		(38,746)		(38,746)
Total Debt	$	188,731		88,569		334,246		137,254		748,800

Notes Payable And Other Borrowings

	December 31, 2019						December 31, 2018
					Carrying						Carrying
					Amount of						Amount of
	Debt		Interest		Pledged		Debt		Interest		Pledged
	Balance		Rate		Assets		Balance		Rate		Assets
Bluegreen:
2013 Notes Payable	$	—		—	$	—	$	28,125		5.50%	$	22,878
Fifth Third Bank Note		—		—		—		3,834		5.34%		7,892
NBA Éilan Loan		18,820		4.95%		31,259		25,603		5.60%		35,615
Fifth Third Syndicated Line of Credit		30,000		3.85%		49,062		55,000		5.27%		92,415
Fifth Third Syndicated Term Loan		98,750		3.71%		161,497		22,500		5.37%		27,724
Unamortized debt issuance costs		(1,410)						(1,671)
Total Bluegreen	$	146,160					$	133,391
Other:
Community Development District Obligations	$	29,287		4.25-6.00%	$	49,352	$	24,583		4.25-6.00%	$	35,157
TD Bank Term Loan and Line of Credit		6,826		5.00%		(1)		8,117		5.47%		(1)
Iberia $50.0 million Revolving Line of Credit		—		—		(2)		30,000		5.35%		(2)
Banc of America Leasing & Capital Equipment Note		355		4.75%		(3)		555		4.75%		(3)
Bank of America Revolving Line of Credit		2,000		3.24%		—		—		—		—
Unsecured Note (4)		3,400		6.00%		—		3,400		6.00%		(4)
Centennial Bank Note (4)		1,469		5.25%		1,892		1,507		5.25%		1,968 (4)
Other		58		15.00%		—		—		—		—
Unamortized debt issuance costs		(824)						(666)
Total other	$	42,571					$	67,496
Total notes payable and other borrowings	$	188,731					$	200,887

(1) The collateral is a blanket lien on Renin’s assets.

(2) The collateral is membership interests in Woodbridge having a value of not less than $100.0 million.

(3) The collateral is a security interest in the equipment financed by the underlying note.  Additionally, IT’SUGAR is guarantor on the note.

(4) BBX Capital is guarantor on the note.

Receivable-Backed Notes Payable

		December 31, 2019					December 31, 2018
					Principal						Principal
					Balance of						Balance of
					Pledged/						Pledged/
	Debt		Interest		Secured		Debt		Interest		Secured
	Balance		Rate		Receivables		Balance		Rate		Receivables
Receivable-backed notes
payable - recourse:
Liberty Bank Facility	$	25,860		4.75%	$	31,681	$	17,654		5.25%	$	22,062
NBA Receivables Facility		32,405		4.55%		39,787		48,414		5.27%		57,805
Pacific Western Facility		30,304		4.68%		37,809		10,606		5.52%		13,730
Total	$	88,569			$	109,277	$	76,674			$	93,597
Receivable-backed notes
payable - non-recourse:
KeyBank/DZ Purchase Facility		31,708		3.99%		39,448		—		—		—
Quorum Purchase Facility		44,525		4.75-5.50%		49,981		40,074		4.75-5.50%		45,283
2012 Term Securitization		8,638		2.94%		9,878		15,212		2.94%		16,866
2013 Term Securitization		18,219		3.20%		19,995		27,573		3.20%		29,351
2015 Term Securitization		31,188		3.02%		33,765		44,230		3.02%		47,690
2016 Term Securitization		48,529		3.35%		54,067		63,982		3.35%		72,590
2017 Term Securitization		65,333		3.12%		74,219		83,513		3.12%		95,877
2018 Term Securitization		91,231		4.02%		103,974		114,480		4.02%		125,916
Unamortized debt issuance costs		(5,125)						(6,807)
Total	$	334,246			$	385,327	$	382,257			$	433,573
Total receivable-backed debt	$	422,815			$	494,604	$	458,931			$	527,170

Junior Subordinated Debentures Outstanding

	December 31, 2019				December 31, 2018
			Effective				Effective
	Carrying		Interest		Carrying		Interest		Maturity
	Amounts		Rates (1)		Amounts		Rates (1)		Years (2)
Woodbridge - Levitt Capital Trusts I - IV	$	66,302		5.74 - 5.95%	$	66,302		6.20 - 6.65%		2035 - 2036
Bluegreen Statutory Trusts I - VI		110,827		6.74 - 6.86%		110,827		7.32 - 7.70%		2035 - 2037
Unamortized debt issuance costs		(1,129)				(1,200)
Unamortized purchase discount		(38,746)				(39,504)
Total junior subordinated debentures	$	137,254			$	136,425

(1) The Company’s junior subordinated debentures bear interest at three-month LIBOR (subject to quarterly adjustment) plus a spread ranging from 3.80% to 4.90%.  

(2) All of the junior subordinated debentures were eligible for redemption by Woodbridge and Bluegreen, as applicable, as of December 31, 2019 and 2018.

Schedule Of Amounts Available Under Credit Facilities

BBX Capital	$	50,000
Bluegreen		220,200
Renin		4,983
IT'SUGAR		2,000
Total credit availability	$	277,183