Annual report pursuant to Section 13 and 15(d)

Note 11 - Leases - Information on Lease Agreements (Details)

v3.22.4
Note 11 - Leases - Information on Lease Agreements (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Operating lease assets $ 110,082 $ 90,639
Operating lease liabilities $ 126,842 $ 103,262
Weighted average remaining lease term (years) (Year) 6 years 3 months 18 days 7 years 2 months 12 days
Weighted average discount rate (1) [1] 4.90% 4.20%
[1] As most of the Company’s lease agreements do not provide an implicit rate, the Company estimates incremental secured borrowing rates corresponding to the maturities of its lease agreements to determine the present value of future lease payments. To estimate incremental borrowing rates applicable to BBX Capital and its subsidiaries, the Company considers various factors, including the rates applicable to its recently issued debt and credit facilities and prevailing financial market conditions.