Notes Receivable (Tables)

6 Months Ended

Jun. 30, 2020

Information Relating To Bluegreen's Notes Receivable



	June 30,		December 31,
	2020		2019
Notes receivable:
VOI notes receivable - non-securitized	$	167,638		203,872
VOI notes receivable - securitized		384,223		385,326
Gross notes receivable		551,861		589,198
Allowance for loan losses - non-securitized		(51,764)		(47,894)
Allowance for loan losses - securitized		(95,865)		(92,736)
Allowance for loan losses		(147,629)		(140,630)
Notes receivable, net	$	404,232		448,568
Allowance as a % of gross notes receivable		27%		24%

Activity In The Allowance For Loan Losses



	For the Six Months Ended
	June 30,
	2020		2019
Balance, beginning of period	$	140,630		134,133
Provision for loan losses		32,199		23,072
Write-offs of uncollectible receivables		(25,200)		(23,719)
Balance, end of period	$	147,629		133,486

Financing Receivable Credit Quality Indicators And Past Due By Year Of Origination


	Year of Origination
	2020		2019		2018		2017		2016		2015 and Prior		Total

701+	$	29,419	$	99,830	$	66,310	$	43,027	$	32,118	$	42,784	$	313,488
601-700		13,504		50,438		39,403		28,705		26,256		41,312		199,618
<601⁽¹⁾		1,266		5,061		3,473		2,358		2,692		4,836		19,686
Other ⁽²⁾		—		1,728		4,045		3,866		3,156		6,274		19,069
Total by FICO score	$	44,189	$	157,057	$	113,231	$	77,956	$	64,222	$	95,206	$	551,861

Defaults	$	35	$	5,602		7,198	$	4,990	$	3,941	$	3,434	$	25,200
Allowance for loan loss	$	11,137	$	45,863	$	31,939	$	19,924	$	18,662	$	20,104	$	147,629

Delinquency status:
Current	$	43,501	$	151,466	$	106,788	$	72,848	$	60,126	$	87,203	$	521,932
31-60 days		311		1,430		1,117		894		652		723		5,127
61-90 days		197		1,437		1,213		775		683		826		5,131
Over 91 days ⁽²⁾		180		2,724		4,113		3,439		2,761		6,454		19,671
Total	$	44,189	$	157,057	$	113,231	$	77,956	$	64,222	$	95,206	$	551,861

(1)Includes VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers).

(2)Includes $12.1 million related to VOI notes receivable that, as of June 30, 2020, 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.

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



	June 30,		December 31,
FICO Score	2020		2019
700+	59.00	%	59.00	%
601-699	37.00		37.00
<601⁽¹⁾	4.00		4.00
Total	100.00	%	100.00	%

(1)Includes VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers).

Delinquency Status Of Bluegreen's VOI Notes Receivable



	June 30,		December 31,
	2020		2019
Current	$	521,932		557,849
31-60 days		5,127		6,794
61-90 days		5,131		5,288
> 91 days ⁽¹⁾		19,671		19,267
Total	$	551,861		589,198

(1)Includes $12.1 million and $10.6 million of VOI notes receivable as of June 30, 2020 and December 31, 2019, respectively, that, as of such dates, 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 included in the allowance for loan losses.