Related Party Transactions	6 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	11. Related Party Transactions BBX Capital may be deemed to be controlled by Alan B. Levan, Chairman and Chief Executive Officer of BBX Capital, and John E. Abdo, Vice Chairman of BBX Capital. Together, Messrs. Levan and Abdo may be deemed to beneficially own shares of BBX Capital’s Class A Common Stock and Class B Common Stock representing approximately 78% of BBX Capital’s total voting power. Mr. Levan was appointed our President and Chief Executive Officer effective January 1, 2020. During 2019, we accrued $2.0 million of compensation for Mr. Levan for the performance of certain services for us in a non-executive capacity, all of which was paid during March 2020. In addition, Raymond S. Lopez serves as our Chief Financial Officer and Chief Operating Officer and as BBX Capital’s Chief Financial Officer. Mr. Levan and Mr. Lopez receive compensation from us and BBX Capital for their respective services to us and to BBX Capital. In April 2015, pursuant to a Loan Agreement and Promissory Note, our wholly owned subsidiary provided an $80.0 million loan to BBX Capital. Amounts outstanding bore interest at a rate of 6% per annum until March 2020 when the loan was amended to reduce the interest rate to 4% per annum effective April 2020. Payments of interest are required on a quarterly basis, with all outstanding amounts being due and payable on April 17, 2021. BBX Capital is permitted to prepay the loan in whole or in part at any time, and prepayments will be required, to the extent necessary, in order for us or our subsidiaries to remain in compliance with covenants under outstanding indebtedness. During the three months ended June 30, 2020 and 2019, we recognized $0.9 million and $1.2 million of interest income on the loan to BBX Capital, respectively. During the six months ended June 30, 2020 and 2019, we recognized $2.1 million and $2.4 million of interest income on the loan to BBX Capital, respectively. During July 2020, we declared a special cash dividend of $1.19 per share of our common stock, which is payable August 21, 2020 to shareholders of record as of the close of business on August 6, 2020. In connection with the declaration of the dividend we obtained an undertaking by BBX Capital that it will utilize the proceeds of this special cash dividend to repay the outstanding $80.0 million BBX Capital owes to Bluegreen. We paid or reimbursed BBX Capital or its affiliated entities $0.3 million and $0.6 million during the three and six months ended June 30, 2020, respectively, and $0.5 and $0.9 million during the three and six months ended June 30, 2019, respectively, for management advisory, risk management, administrative and other services. We had accrued $0.4 million and $0.2 million for the services described above as of June 30, 2020 and December 31, 2019, respectively. BBX Capital or its affiliates paid or reimbursed us $0.1 million during the six months ended June 30, 2020 and $0.1 million during the three and six months ended June 30, 2019 for certain shared services. We did not receive any payments or reimbursements for shared services from BBX Capital or its affiliates during the three months ended June 30, 2020. As of both June 30, 2020 and December 31, 2019, $0.1 million was due to us from BBX Capital for these services. See also the description of the Agreement to Allocate Consolidated Income Tax Liability and Benefits under Note 10: Income Taxes above.

Related Party Transactions

6 Months Ended

Jun. 30, 2020

11. Related Party Transactions

BBX Capital may be deemed to be controlled by Alan B. Levan, Chairman and Chief Executive Officer of BBX Capital, and John E. Abdo, Vice Chairman of BBX Capital. Together, Messrs. Levan and Abdo may be deemed to beneficially own shares of BBX Capital’s Class A Common Stock and Class B Common Stock representing approximately 78% of BBX Capital’s total voting power. Mr. Levan was appointed our President and Chief Executive Officer effective January 1, 2020. During 2019, we accrued $2.0 million of compensation for Mr. Levan for the performance of certain services for us in a non-executive capacity, all of which was paid during March 2020. In addition, Raymond S. Lopez serves as our Chief Financial Officer and Chief Operating Officer and as BBX Capital’s Chief Financial Officer. Mr. Levan and Mr. Lopez receive compensation from us and BBX Capital for their respective services to us and to BBX Capital.

In April 2015, pursuant to a Loan Agreement and Promissory Note, our wholly owned subsidiary provided an $80.0 million loan to BBX Capital. Amounts outstanding bore interest at a rate of 6% per annum until March 2020 when the loan was amended to reduce the interest rate to 4% per annum effective April 2020. Payments of interest are required on a quarterly basis, with all outstanding amounts being due and payable on April 17, 2021. BBX Capital is permitted to prepay the loan in whole or in part at any time, and prepayments will be required, to the extent necessary, in order for us or our subsidiaries to remain in compliance with covenants under outstanding indebtedness. During the three months ended June 30, 2020 and 2019, we recognized $0.9 million and $1.2 million of interest income on the loan to BBX Capital, respectively. During the six months ended June 30, 2020 and 2019, we recognized $2.1 million and $2.4 million of interest income on the loan to BBX Capital, respectively. During July 2020, we declared a special cash dividend of $1.19 per share of our common stock, which is payable August 21, 2020 to shareholders of record as of the close of business on August 6, 2020. In connection with the declaration of the dividend we obtained an undertaking by BBX Capital that it will utilize the proceeds of this special cash dividend to repay the outstanding $80.0 million BBX Capital owes to Bluegreen.

We paid or reimbursed BBX Capital or its affiliated entities $0.3 million and $0.6 million during the three and six months ended June 30, 2020, respectively, and $0.5 and $0.9 million during the three and six months ended June 30, 2019, respectively, for management advisory, risk management, administrative and other services. We had accrued $0.4 million and $0.2 million for the services described above as of June 30, 2020 and December 31, 2019, respectively. BBX Capital or its affiliates paid or reimbursed us $0.1 million during the six months ended June 30, 2020 and $0.1 million during the three and six months ended June 30, 2019 for certain shared services. We did not receive any payments or reimbursements for shared services from BBX Capital or its affiliates during the three months ended June 30, 2020. As of both June 30, 2020 and December 31, 2019, $0.1 million was due to us from BBX Capital for these services.

See also the description of the Agreement to Allocate Consolidated Income Tax Liability and Benefits under Note 10: Income Taxes above.