Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt [Abstract]

Contractual Minimum Principle Payments Of Debt Outstanding

	Lines-of- ‎credit ‎and notes payable		Recourse ‎receivable- ‎backed ‎notes ‎payable		Non-recourse ‎receivable- ‎backed ‎ notes payable		Junior ‎subordinated ‎debentures		Total
2021	$	12,200	$	—	$	—	$	—	$	12,200
2022		14,625		—		—		—		14,625
2023		10,328		—		—		—		10,328
2024		102,500		25,718		—		—		128,218
2025		—		8,125		—		—		8,125
Thereafter		—		18,958		347,526		110,827		477,311
Unamortized debt issuance costs		(1,267)		—		(5,994)		—		(7,261)
Adjustment (1)				(14,301)		14,301		—		—
Purchase accounting adjustment		—		—		—		(37,895)		(37,895)
Total	$	138,386	$	38,500	$	355,833	$	72,932	$	605,651

(1) Represents the non-recourse balances of the Liberty Bank Facility, NBA Receivables Facility, and the Pacific Western Facility as described below.

Lines-Of-Credit And Notes Payable

	As of December 31,
	2020					2019
	Balance		Interest ‎Rate	Carrying ‎Amount of ‎Pledged ‎Assets		Balance		Interest ‎Rate	Carrying ‎Amount of ‎Pledged ‎Assets
NBA Éilan Loan	$	15,903	4.75%	$	28,491	$	18,820	4.95%	$	31,259
Fifth Third Syndicated LOC		30,000	2.25%		50,822		30,000	3.85%		49,062
Fifth Third Syndicated Term		93,750	2.25%		158,817		98,750	3.71%		161,497
Unamortized debt issuance costs		(1,267)			—		(1,410)	—		—
Total	$	138,386		$	238,130	$	146,160		$	241,818

Receivable-Backed Notes Payable

	As of December 31,
	2020					2019
	Debt ‎Balance		Interest ‎Rate	Principal ‎Balance of ‎Pledged/ ‎Secured ‎Receivables		Debt ‎Balance		Interest ‎Rate	Principal ‎Balance of ‎Pledged/ ‎Secured ‎Receivables
Receivable-backed notes payable - ‎ recourse:
Liberty Bank Facility (1)	$	10,000	3.40%	$	13,970	$	25,860	4.75%	$	31,681
NBA Receivables Facility (2)		19,877	3.32%		26,220		32,405	4.55%		39,787
Pacific Western Facility (3)		8,623	3.15%		13,131		20,304	4.68%		25,332
Total		38,500			53,321		78,569			96,800
Receivable-backed notes payable - ‎ non-recourse:
Liberty Bank Facility (1)	$	2,316	3.40%	$	3,235	$	—	—	$	—
NBA Receivables Facility (2)		11,985	3.32%		15,809		—	—		—
Pacific Western Facility (3)		—	—		—		10,000	4.68%		12,477
KeyBank/DZ Purchase Facility		—	—		—		31,708	3.99%		39,448
Quorum Purchase Facility		29,788	4.75-5.10%		34,651		44,525	4.75-5.50%		49,981
2012 Term Securitization		—	0.00%		—		8,638	2.94%		9,878
2013 Term Securitization		11,922	3.20%		13,483		18,219	3.20%		19,995
2015 Term Securitization		22,560	3.02%		24,475		31,188	3.02%		33,765
2016 Term Securitization		35,700	3.35%		40,221		48,529	3.35%		54,067
2017 Term Securitization		51,470	3.12%		58,907		65,333	3.12%		74,219
2018 Term Securitization		72,486	4.02%		84,454		91,231	4.02%		103,974
2020 Term Securitization		123,600	2.60%		139,052		—	—		—
Unamortized debt issuance costs		(5,994)	—		—		(5,125)	—		—
Total		355,833			414,287		344,246			397,804
Total receivable-backed debt	$	394,333		$	467,608	$	422,815		$	494,604

(1)Pursuant to the February 11, 2020 amendment described below, recourse on the Liberty Bank Facility is limited to $10 million, subject to certain exceptions.

(2)Pursuant to the September 25, 2020 amendment described below, recourse to Bluegreen/Big Cedar Vacations was reduced to $19.9 million as of December 31, 2020 and will be reduced by $1.3 million per month until it reaches a floor of $10.0 million.

(3)Recourse on the Pacific Western Facility is limited to $10 million, subject to certain exceptions.

Junior Subordinated Debentures Outstanding

Trust	Carrying Value ‎as of ‎December 31, ‎ 2020 (1)		Initial ‎Equity In ‎Trust(2)		Issue ‎Date	Interest Rate	Interest ‎Rate at ‎December 31, ‎2020	Maturity ‎Date	Carrying Value ‎ as of December 31, 2019 (1)
BST I	$	15,238	$	355	3/15/2005	3-month LIBOR ‎+ 4.90%	5.12%	3/30/2035	$	15,059
BST II		17,058		401	5/4/2005	3-month LIBOR ‎ + 4.85%	5.06%	7/30/2035		16,862
BST III		6,898		164	5/10/2005	3-month LIBOR ‎ + 4.85%	5.06%	7/30/2035		6,823
BST IV		10,159		237	4/24/2006	3-month LIBOR ‎+ 4.85%	5.07%	6/30/2036		10,040
BST V		10,159		237	7/21/2006	3-month LIBOR ‎+ 4.85%	5.07%	9/30/2036		10,040
BST VI		13,420		311	2/26/2007	3-month LIBOR ‎+ 4.80%	5.01%	4/30/2037		13,257
	$	72,932	$	1,705					$	72,081

(1)Amounts include purchase accounting adjustments which reduced the total carrying value by $37.9 million and $38.7 million as of December 31, 2020 and 2019, respectively.

(2)Initial Equity in Trust is recorded as part of other assets in the Consolidated Balance Sheets.