Notes Receivable (Tables)

3 Months Ended

Mar. 31, 2018

Information Relating To Bluegreen's Notes Receivable



	As of
	March 31,		December 31,
	2018		2017
Notes receivable secured by VOIs:
VOI notes receivable - non-securitized	$	164,974	$	184,971
VOI notes receivable - securitized		380,642		364,349
		545,616		549,320
Allowance for loan losses - non-securitized		(36,292)		(38,497)
Allowance for loan losses - securitized		(86,285)		(85,161)
VOI notes receivable, net	$	423,039	$	425,662
Allowance as a % of VOI notes receivable		22%		23%

Notes receivable secured by homesites: (1)
Homesite notes receivable		1,198		1,329
Allowance for loan losses		(120)		(133)
Homesite notes receivable, net	$	1,078	$	1,196
Allowance as a % of homesite notes receivable		10%		10%
Total notes receivable:
Gross notes receivable	$	546,814	$	550,649
Allowance for loan losses		(122,697)		(123,791)
Notes receivable, net	$	424,117	$	426,858
Allowance as a % of gross notes receivable		22%		22%

(1)

Notes receivable secured by homesites were originated through a business, substantially all the assets of which were sold by us in 2012.

Activity In The Allowance For Loan Losses



	For the Three Months Ended
	March 31, 2018
Balance, beginning of period	$	123,791
Provision for loan losses		8,006
Less: Write-offs of uncollectible receivables		(9,100)
Balance, end of period	$	122,697

Delinquency Status Of VOI Notes Receivable



	As of
	March 31,		December 31,
	2018		2017
Current	$	520,383	$	525,482
31-60 days		5,113		6,088
61-90 days		4,353		4,897
Over 91 days (1)		15,767		12,853
Total	$	545,616	$	549,320

(1)

Includes $10.6 million and $7.6 million as of March 31, 2018 and December 31, 2017, respectively, related to VOI notes receivable that, as of such date, had defaulted, but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of our receivable-backed notes payable transactions. These VOI notes receivable have been reflected in the allowance for loan losses.