Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition - Unaudited

v3.23.1
Condensed Consolidated Statements of Financial Condition - Unaudited - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 95,022 $ 127,581
Restricted cash 11,265 750
Securities available for sale, at fair value 47,737 18,548
Accounts receivable, net 21,376 19,665
Construction contracts receivable, net 11,137 0
Trade inventory 46,274 48,866
Real estate ($3,612 in 2023 and $4,443 in 2022 held for sale and $28,809 in 2023 in VIEs) 44,470 12,345
Real Estate Investments 56,130 49,415
Property and equipment, net 38,460 35,140
Goodwill 51,315 18,414
Intangible assets, net 28,761 29,405
Operating lease assets 120,039 110,082
Deferred tax asset, net 2,401 4,259
Contract assets 36,195 16,918
Other assets 24,343 21,453
Total assets 684,925 562,841
Liabilities:    
Accounts payable 30,258 17,371
Accrued expenses 31,288 34,985
Contract liabilities 31,776 861
Other liabilities 3,478 5,297
Operating lease liabilities 137,514 126,842
Notes payable and other borrowings 38,382 38,543
Total liabilities 272,696 223,899
Commitments and contingencies (See Note 14)
Redeemable noncontrolling interest 10,148 4,414
Equity:    
Additional paid-in capital 313,995 312,978
Accumulated earnings 27,361 20,358
Accumulated other comprehensive income 861 823
Total shareholders' equity 342,360 334,302
Noncontrolling interests 59,721 226
Total equity 402,081 334,528
Total liabilities and equity 684,925 562,841
Common Class A [Member]    
Equity:    
Common stock 106 106
Common Class B [Member]    
Equity:    
Common stock 37 37
Bluegreen Vacations Holding Corporation [Member]    
ASSETS    
Note receivable from Bluegreen Vacations Holding Corporation $ 50,000 $ 50,000