Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Taxes [Abstract]

United States And Foreign Components Of Income From Continuing Operations Before Income Taxes

	For the Years Ended December 31,
	2019		2018		2017
U.S.	$	49,414		88,284		92,115
Foreign		(653)		(852)		486
Total	$	48,761		87,432		92,601

Provision For Income Taxes

	For the Years Ended December 31,
	2019		2018		2017
Current:
Federal	$	12,260		676		1,211
State		2,326		3,519		1,767
		14,586		4,195		2,978
Deferred:
Federal		601		22,824		(14,368)
State		1,471		4,620		1,688
		2,072		27,444		(12,680)
Provision (benefit) for income taxes	$	16,658		31,639		(9,702)

Actual Provision For Income Taxes From Continuing Operations Rate

	For the Years Ended December 31,
	2019				2018				2017
Income tax provision at expected
federal income tax rate (1)	$	10,240	21.00	%	$	18,360	21.00	%	$	32,410	35.00	%
Increase (decrease) resulting from:
Provision for state taxes, net of federal effect		2,967	6.08			6,446	7.37			3,607	3.90
Effect of federal rate change-2017 tax reform		—	—			—	—			(45,267)	(48.88)
Taxes related to noncontrolling interests in subsidiaries not consolidated for income tax purposes		(2,306)	(4.73)			(2,519)	(2.88)			(4,467)	(4.82)
Nondeductible executive compensation		5,572	11.43			8,421	9.63			4,309	4.65
Bluegreen initial public offering		—	—			—	—			1,467	1.58
SEC penalty		—	—			—	—			(1,593)	(1.72)
Other – net		185	0.38			931	1.06			(168)	(0.18)
Provision (benefit) for income taxes	$	16,658	34.16	%	$	31,639	36.18	%	$	(9,702)	(10.47)	%

(1) Expected tax is computed based upon income before income taxes.

Schedule Of Deferred Tax Assets And Liabilities

	December 31,
	2019		2018		2017
Deferred tax assets:
Allowance for loan losses, tax certificate losses and
write-downs for financial statement purposes	$	30,644		29,969		25,604
Federal and State NOL and tax credit carryforward		95,970		97,102		132,650
Real estate valuation		6,575		7,519		9,117
Property and equipment		—		—		1,642
Expenses recognized for books and deferred for tax		7,827		2,985		3,868
Other		6,261		4,409		3,521
Total gross deferred tax assets		147,277		141,984		176,402
Valuation allowance		(86,435)		(86,533)		(86,267)
Total deferred tax assets		60,842		55,451		90,135
Deferred tax liabilities:
Installment sales treatment of notes		107,551		104,126		100,717
Intangible assets		14,760		14,162		14,322
Junior subordinated debentures		9,124		9,378		9,144
Deferral of VOI sales and costs under timeshare accounting		10,511		8,654		10,071
Property and equipment		4,985		3,351		—
Other		1,469		2,143		3,849
Total gross deferred tax liabilities		148,400		141,814		138,103
Net deferred tax liability		(87,558)		(86,363)		(47,968)
Less net deferred tax liability at beginning of period		86,363		47,968		51,674
Reclassify alternative minimum tax credit to other assets		—		11,169		—
Bluegreen initial public offering		—		—		11,988
Cumulative effect for excess tax benefits recognized in
accumulated earnings associated with share based compensation		—		—		(3,054)
Cumulative effect for the adoption of ASU 2016-02
recognized in accumulated earnings		(874)		—		—
Other		(3)		(218)		40
(Provision) benefit for deferred income taxes	$	(2,072)		(27,444)		12,680

Summary Of NOL, Credit Carryforwards, Valuation Allowance

	Federal and State NOL and Credit Carryforward		Gross Deferred Tax Asset		Valuation Allowance		Net Deferred Tax Asset		Year Expires
Non-Florida State NOLs	$	227,700		10,329		2,458		7,871		2020-2039
Federal NOL SRLY Limitation		227,595		47,795		47,795		—		2026-2034
Florida NOL SRLY Limitation		750,987		32,630		32,630		—		2026-2034
Other Federal tax credits-SRLY Limitation		2,372		2,372		2,372		—		2025-2031
Federal NOL Section 382 Limitation		7,885		1,656		—		1,656		2023-2029
Florida NOL Section 382 Limitation		5,127		209		—		209		2024-2029
Canadian NOL		3,919		794		794		—		2033-2039
Canadian capital losses		738		185		185		—		Do not expire
Total	$			95,970		86,234		9,736