Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Financial Condition

v3.22.4
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 127,581 $ 118,045
Restricted cash 750 1,000
Securities available for sale, at fair value 18,548 5,552
Trade accounts receivable, net 19,665 29,899
Trade inventory 48,866 41,895
Real estate ($4,443 in 2022 and $7,679 in 2021 held for sale) 12,345 22,868
Investments in and advances to unconsolidated real estate joint ventures 49,415 52,966
Note receivable from Bluegreen Vacations Holding Corporation 50,000 50,000
Property and equipment, net 35,140 30,611
Goodwill 18,414 18,414
Intangible assets, net 29,405 31,982
Operating lease assets 110,082 90,639
Deferred tax asset, net 4,259 3,776
Contingent purchase price receivable 16,918 19,925
Other assets 21,453 15,783
Total assets 562,841 533,355
Liabilities:    
Accounts payable 17,607 12,980
Accrued expenses 34,985 33,136
Other liabilities 5,922 5,002
Operating lease liabilities 126,842 103,262
Notes payable and other borrowings 38,543 54,883
Total liabilities 223,899 209,263
Commitments and contingencies (See Note 15)
Redeemable noncontrolling interest 4,414 1,144
Equity:    
Additional paid-in capital 312,978 310,588
Accumulated earnings 20,358 9,226
Accumulated other comprehensive income 823 1,836
Total shareholders' equity 334,302 321,805
Noncontrolling interests 226 1,143
Total equity 334,528 322,948
Total liabilities and equity 562,841 533,355
Common Class A [Member]    
Equity:    
Common stock 106 118
Common Class B [Member]    
Equity:    
Common stock $ 37 $ 37