Annual report pursuant to Section 13 and 15(d)

Note 22 - Segment Reporting - Segment Information (Details)

v3.22.4
Note 22 - Segment Reporting - Segment Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Sales $ 307,919 $ 303,557 $ 167,573  
Interest income 5,993 6,413 2,399  
Net gains on sales of real estate assets 24,289 643 255  
Other revenue 3,844 2,984 3,002  
Total revenues 342,045 313,597 173,229  
Interest expense 2,399 1,439 237  
Recoveries from loan losses, net (4,835) (7,774) (8,876)  
Impairment losses 549 38 30,772  
Selling, general and administrative expenses 116,215 76,014 65,972  
Total costs and expenses 339,512 284,553 228,304  
Operating income (losses) 2,533 29,044 (55,075)  
Equity in net earnings of unconsolidated real estate joint ventures 38,414 18,154 465  
Other income 964 341 290  
Foreign exchange gain (loss) 880 812 (692)  
Income (loss) before income taxes 42,791 64,241 (58,338)  
Total assets 562,841 533,355 447,656  
Expenditures for property and equipment 14,739 8,526 5,345 [1]  
Depreciation and amortization 10,213 6,458 5,834  
Debt accretion and amortization 450 871 [2] 698  
Cash and cash equivalents 127,581 118,045 90,037  
Investments in and advances to unconsolidated real estate joint ventures 49,415 52,966 58,010  
Goodwill 18,414 18,414 8,277 $ 37,248
Notes payable and other borrowings 38,543 54,883 73,483  
Gain on the consolidation of IT'SUGAR, LLC   15,890    
Loss on the deconsolidation of IT'SUGAR, LLC 0 0 (3,326)  
Trade [Member]        
Sales 280,125 238,078 147,210  
Cost of sales 213,721 185,146 127,028  
Real Estate [Member]        
Sales 27,794 65,479 20,363  
Cost of sales 11,463 29,690 13,171  
Operating Segments [Member] | BBX Capital Real Estate (BBXRE) [Member]        
Interest income 3,617 2,048 1,240  
Net gains on sales of real estate assets 24,289 643 255  
Other revenue 1,835 1,504 1,454  
Total revenues 57,535 69,674 23,312  
Interest expense 0 0 0  
Recoveries from loan losses, net (4,835) (7,774) (8,876)  
Impairment losses 311 0 2,742  
Selling, general and administrative expenses 13,772 7,587 6,758  
Total costs and expenses 20,711 29,503 13,795  
Operating income (losses) 36,824 40,171 9,517  
Equity in net earnings of unconsolidated real estate joint ventures 38,414 18,154 465  
Other income (7) (14) 6  
Foreign exchange gain (loss) 0 0 0  
Income (loss) before income taxes 75,231 58,311 9,988  
Total assets 225,786 179,619 165,732  
Expenditures for property and equipment 0 0 0 [1]  
Depreciation and amortization (271) 0 0  
Debt accretion and amortization 261 737 [2] 287  
Cash and cash equivalents 107,069 66,558 31,133  
Investments in and advances to unconsolidated real estate joint ventures 49,415 52,966 58,010  
Notes payable and other borrowings 1,946 7,312 26,762  
Gain on the consolidation of IT'SUGAR, LLC   0    
Loss on the deconsolidation of IT'SUGAR, LLC     0  
Operating Segments [Member] | BBX Capital Real Estate (BBXRE) [Member] | Trade [Member]        
Sales 0 0 0  
Cost of sales 0 0 0  
Operating Segments [Member] | BBX Capital Real Estate (BBXRE) [Member] | Real Estate [Member]        
Sales 27,794 65,479 20,363  
Cost of sales 11,463 29,690 13,171  
Operating Segments [Member] | BBX Sweet Holdings [Member]        
Interest income 0 36 29  
Net gains on sales of real estate assets 0 0 0  
Other revenue 0 0 281  
Total revenues 139,718 84,251 49,465  
Interest expense 1,015 429 193  
Recoveries from loan losses, net 0 0 0  
Impairment losses 238 38 25,303  
Selling, general and administrative expenses 55,617 31,524 26,855  
Total costs and expenses 140,177 84,488 93,833  
Operating income (losses) (459) (237) (44,368)  
Equity in net earnings of unconsolidated real estate joint ventures 0 0 0  
Other income 718 131 221  
Foreign exchange gain (loss) (70) 0 0  
Income (loss) before income taxes 189 15,784 (47,473)  
Total assets 161,337 143,916 28,668  
Expenditures for property and equipment 11,383 4,283 3,155 [1]  
Depreciation and amortization 6,629 3,181 4,244  
Debt accretion and amortization 61 21 [2] 168  
Cash and cash equivalents 7,246 9,792 1,163  
Investments in and advances to unconsolidated real estate joint ventures 0 0 0  
Goodwill 14,274 14,274 0  
Notes payable and other borrowings 18,150 14,421 1,417  
Gain on the consolidation of IT'SUGAR, LLC   15,890    
Loss on the deconsolidation of IT'SUGAR, LLC     (3,326)  
Operating Segments [Member] | BBX Sweet Holdings [Member] | Trade [Member]        
Sales 139,718 84,215 49,155  
Cost of sales 83,307 52,497 41,482  
Operating Segments [Member] | BBX Sweet Holdings [Member] | Real Estate [Member]        
Sales 0 0 0  
Cost of sales 0 0 0  
Operating Segments [Member] | Renin Holdings LLC[Member]        
Interest income 0 0 0  
Net gains on sales of real estate assets 0 0 0  
Other revenue 0 0 0  
Total revenues 131,951 146,255 93,036  
Interest expense 3,588 1,830 615  
Recoveries from loan losses, net 0 0 0  
Impairment losses 0 0 0  
Selling, general and administrative expenses 17,077 15,857 11,735  
Total costs and expenses 148,288 148,053 95,913  
Operating income (losses) (16,337) (1,798) (2,877)  
Equity in net earnings of unconsolidated real estate joint ventures 0 0 0  
Other income (57) 0 (3)  
Foreign exchange gain (loss) 950 812 (692)  
Income (loss) before income taxes (15,444) (986) (3,572)  
Total assets 102,601 101,647 104,654  
Expenditures for property and equipment 1,653 3,099 2,118 [1]  
Depreciation and amortization 3,344 3,037 1,380  
Debt accretion and amortization 128 113 [2] 243  
Cash and cash equivalents 1,060 1,369 2,438  
Investments in and advances to unconsolidated real estate joint ventures 0 0 0  
Goodwill 4,140 4,140 8,277  
Notes payable and other borrowings 47,838 44,124 45,261  
Gain on the consolidation of IT'SUGAR, LLC   0    
Loss on the deconsolidation of IT'SUGAR, LLC     0  
Operating Segments [Member] | Renin Holdings LLC[Member] | Trade [Member]        
Sales 131,951 146,255 93,036  
Cost of sales 127,623 130,366 83,563  
Operating Segments [Member] | Renin Holdings LLC[Member] | Real Estate [Member]        
Sales 0 0 0  
Cost of sales 0 0 0  
Corporate, Non-Segment [Member]        
Interest income 0 0 1  
Net gains on sales of real estate assets 0 0 0  
Other revenue 2,572 2,045 1,461  
Total revenues 11,042 9,661 6,481  
Interest expense 2 2 10  
Recoveries from loan losses, net 0 0 0  
Impairment losses 0 0 2,727  
Selling, general and administrative expenses 7,224 5,978 4,684  
Total costs and expenses 10,031 8,271 9,404  
Operating income (losses) 1,011 1,390 (2,923)  
Equity in net earnings of unconsolidated real estate joint ventures 0 0 0  
Other income 4 0 8  
Foreign exchange gain (loss) 0 0 0  
Income (loss) before income taxes 1,015 1,390 (2,915)  
Total assets 7,134 7,745 7,096  
Expenditures for property and equipment 110 185 72 [1]  
Depreciation and amortization 140 118 106  
Debt accretion and amortization 0 0 [2] 0  
Cash and cash equivalents 2,643 2,937 1,539  
Investments in and advances to unconsolidated real estate joint ventures 0 0 0  
Notes payable and other borrowings 9 26 43  
Gain on the consolidation of IT'SUGAR, LLC   0    
Loss on the deconsolidation of IT'SUGAR, LLC     0  
Corporate, Non-Segment [Member] | Trade [Member]        
Sales 8,470 7,616 5,019  
Cost of sales 2,805 2,291 1,983  
Corporate, Non-Segment [Member] | Real Estate [Member]        
Sales 0 0 0  
Cost of sales 0 0 0  
Segment Reconciling Items [Member]        
Interest income 2,376 4,329 1,129  
Net gains on sales of real estate assets 0 0 0  
Other revenue (563) (565) (194)  
Total revenues 1,799 3,756 935  
Interest expense (2,206) (822) (581)  
Recoveries from loan losses, net 0 0 0  
Impairment losses 0 0 0  
Selling, general and administrative expenses 22,525 15,068 15,940  
Total costs and expenses 20,305 14,238 15,359  
Operating income (losses) (18,506) (10,482) (14,424)  
Equity in net earnings of unconsolidated real estate joint ventures 0 0 0  
Other income 306 224 58  
Foreign exchange gain (loss) 0 0 0  
Income (loss) before income taxes (18,200) (10,258) (14,366)  
Total assets 65,983 100,428 141,506  
Expenditures for property and equipment 1,593 959 0 [1]  
Depreciation and amortization 371 122 104  
Debt accretion and amortization 0 0 [2] 0  
Cash and cash equivalents 9,563 37,389 53,764  
Investments in and advances to unconsolidated real estate joint ventures 0 0 0  
Notes payable and other borrowings (29,400) (11,000) 0  
Gain on the consolidation of IT'SUGAR, LLC   0    
Loss on the deconsolidation of IT'SUGAR, LLC     0  
Segment Reconciling Items [Member] | Trade [Member]        
Sales (14) (8) 0  
Cost of sales (14) (8) 0  
Segment Reconciling Items [Member] | Real Estate [Member]        
Sales 0 0 0  
Cost of sales $ 0 $ 0 $ 0  
[1] The above segment information excludes the operations of IT’SUGAR as of September 22, 2020, the date the Company deconsolidated IT’SUGAR.
[2] The above segment information includes the operations of IT’SUGAR as of June 17, 2021, the date the Company reconsolidated IT’SUGAR.