Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt [Abstract]

Notes Payable And Other Borrowings

	June 30, 2020						December 31, 2019
					Carrying						Carrying
					Amount of						Amount of
	Debt		Interest		Pledged		Debt		Interest		Pledged
	Balance		Rate		Assets		Balance		Rate		Assets
Bluegreen:
NBA Éilan Loan	$	16,996		4.75%	$	28,649	$	18,820		4.95%	$	31,259
Fifth Third Syndicated Line of Credit		70,000		2.49%		86,753		30,000		3.85%		49,062
Fifth Third Syndicated Term Loan		96,250		3.71%		119,285		98,750		3.71%		161,497
Unamortized debt issuance costs		(1,338)						(1,410)
Total Bluegreen	$	181,908					$	146,160
Other:
Community Development District Obligations	$	33,107		4.25-6.00%	$	46,571	$	29,287		4.25-6.00%	$	49,352
TD Bank Term Loan and Line of Credit		7,974		3.17%		(1)		6,826		5.00%		(1)
Iberia $50.0 million Revolving Line of Credit		—		—		(2)		—		—		(2)
Banc of America Leasing & Capital Equipment Note		—		—		—		355		4.75%		(3)
Bank of America Revolving Line of Credit		—		—		—		2,000		3.24%		(3)
Unsecured Note (4)		—		—		—		3,400		6.00%		—
Centennial Bank Note (4)		1,449		5.25%		1,867		1,469		5.25%		1,892
Other		35		15.00%		—		58		15.00%		—
Unamortized debt issuance costs		(1,045)						(824)
Total other	$	41,520					$	42,571
Total notes payable and other borrowings	$	223,428					$	188,731

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

(2)The collateral is a membership interest having a value of not less than $100.0 million in Woodbridge Holdings Corporation, a wholly-owned subsidiary of the Company which holds the Company’s investment in Bluegreen’s common stock.

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

(4)BBX Capital is guarantor of the note.

Receivable-Backed Notes Payable

	June 30, 2020						December 31, 2019
					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 (1)	$	21,663		4.00%	$	26,630	$	25,860		4.75%	$	31,681
NBA Receivables Facility		26,484		3.50%		32,870		32,405		4.55%		39,787
Pacific Western Facility (1)		26,452		3.06%		32,747		30,304		4.68%		37,809
Total	$	74,599			$	92,247	$	88,569			$	109,277
Receivable-backed notes
payable - non-recourse:
KeyBank/DZ Purchase Facility		65,159		2.50%		81,522		31,708		3.99%		39,448
Quorum Purchase Facility		36,759		4.75-5.50%		42,836		44,525		4.75-5.50%		49,981
2012 Term Securitization		6,093		2.94%		7,167		8,638		2.94%		9,878
2013 Term Securitization		14,811		3.20%		16,581		18,219		3.20%		19,995
2015 Term Securitization		26,426		3.02%		28,707		31,188		3.02%		33,765
2016 Term Securitization		40,897		3.35%		46,375		48,529		3.35%		54,067
2017 Term Securitization		57,641		3.12%		66,280		65,333		3.12%		74,219
2018 Term Securitization		81,858		4.02%		94,755		91,231		4.02%		103,974
Unamortized debt issuance costs		(4,438)		—		—		(5,125)		—		—
Total	$	325,206			$	384,223	$	334,246			$	385,327
Total receivable-backed debt	$	399,805			$	476,470	$	422,815			$	494,604

(1)Recourse on these facilities are each limited to $10 million, subject to certain exceptions.

Junior Subordinated Debentures Outstanding

	June 30, 2020				December 31, 2019
			Effective				Effective
	Carrying		Interest		Carrying		Interest
	Amounts		Rates (1)		Amounts		Rates (1)
Woodbridge - Levitt Capital Trusts I - IV	$	66,302		4.11 - 4.56%	$	66,302		5.74 - 5.95%
Bluegreen Statutory Trusts I - VI		110,827		5.56 - 6.27%		110,827		6.74 - 6.86%
Unamortized debt issuance costs		(1,093)				(1,129)
Unamortized purchase discount		(38,333)				(38,746)
Total junior subordinated debentures	$	137,703			$	137,254

(1)The Company’s junior subordinated debentures bear interest at 3-month LIBOR (subject to quarterly adjustment) plus a spread ranging from 3.80% to 4.90%.

Schedule Of Amounts Available Under Credit Facilities

BBX Capital	$	22,383
Bluegreen		158,500
Renin		5,182
Total credit availability	$	186,065