Notes Receivable (Tables)

6 Months Ended

Jun. 30, 2020

Information Relating To Bluegreen's Notes Receivable



	As of
	June 30,		December 31,
	2020		2019
Notes receivable secured by VOIs:
VOI notes receivable - non-securitized	$	167,638	$	203,872
VOI notes receivable - securitized		384,223		385,326
Gross VOI 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)
VOI notes receivable, net	$	404,232	$	448,568
Allowance as a % of VOI 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
Less: 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 our 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


	As of

	June 30,		December 31,
	2020		2019
FICO Score
701+	59	%	59	%
601-700	37		37
<601⁽¹⁾	4		4
Total	100	%	100	%

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

Delinquency Status Of VOI Notes Receivable



	As of
	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
Over 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, 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.