Quarterly report pursuant to Section 13 or 15(d)

Note 17 - Segment Reporting (Tables)

v3.23.1
Note 17 - Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2023
Notes Tables  
Schedule of Segment Reporting Information, by Segment [Table Text Block]

Revenues:

 

BBX Capital Real Estate

   

BBX Sweet Holdings

   

Renin

   

Other

   

Reconciling Items and Eliminations

   

Segment Total

 

Trade sales

  $       32,725       27,976       3,016       (3 )     63,714  

Sales of real estate inventory

    1,772                               1,772  

Revenue from construction contracts

    25,037                               25,037  

Real estate development and management fees

    1,611                               1,611  

Interest income

    1,974                         543       2,517  

Other revenue

    51                   436       (140 )     347  

Total revenues

    30,445       32,725       27,976       3,452       400       94,998  

Costs and expenses:

                                               

Cost of trade sales

          20,546       26,007       857       (3 )     47,407  

Cost of real estate inventory sold

    578                               578  

Cost of revenue from construction contracts

    24,189                               24,189  

Interest expense

    11       332       1,121       1       (730 )     735  

Recoveries from loan losses, net

    (600 )                             (600 )

Selling, general and administrative expenses

    6,240       14,541       3,848       2,158       6,991       33,778  

Total costs and expenses

    30,418       35,419       30,976       3,016       6,258       106,087  

Operating income (losses)

    27       (2,694 )     (3,000 )     436       (5,858 )     (11,089 )

Equity in net earnings of unconsolidated real estate joint ventures

    1,104                               1,104  

Gain on the consolidation of The Altman Companies

    6,195                               6,195  

Gain on the consolidation of investment in real estate joint ventures

    10,855                               10,855  

Other (loss) income

    (305 )     200       1       2,256       19       2,171  

Foreign exchange loss

          (14 )     (32 )                 (46 )

Income (loss) before income taxes

  $ 17,876       (2,508 )     (3,031 )     2,692       (5,839 )     9,190  

Total assets

  $ 350,458       172,958       97,344       8,720       55,445       684,925  

Expenditures for property and equipment

  $       5,069       284       48       13       5,414  

Depreciation and amortization

  $ (196 )     1,802       867       39       108       2,620  

Debt accretion and amortization

  $ 20       6       42                   68  

Cash and cash equivalents

  $ 83,434       3,686       603       4,136       3,163       95,022  

Real estate equity method investments

  $ 56,130                               56,130  

Goodwill

  $ 32,901       14,274       4,140                   51,315  

Notes payable and other borrowings

  $ 3,308       19,927       43,532       40       (28,425 )     38,382  
   

BBX Capital Real Estate

   

BBX Sweet Holdings

   

Renin

   

Other

   

Reconciling Items and Eliminations

   

Segment Total

 

Revenues:

                                               

Trade sales

  $       29,357       33,488       2,905       (1 )     65,749  

Sales of real estate inventory

    6,470                               6,470  

Interest income

    545                         604       1,149  

Net gains on sales of real estate assets

    1,329                               1,329  

Other revenue

    516                   445       (182 )     779  

Total revenues

    8,860       29,357       33,488       3,350       421       75,476  

Costs and expenses:

                                               

Cost of trade sales

          18,373       31,774       859             51,006  

Cost of real estate inventory sold

    2,235                               2,235  

Interest expense

          247       566       1       (278 )     536  

Recoveries from loan losses, net

    (648 )                             (648 )

Impairment losses

          64                         64  

Selling, general and administrative expenses

    2,398       12,675       4,660       1,999       5,632       27,364  

Total costs and expenses

    3,985       31,359       37,000       2,859       5,354       80,557  

Operating income (losses)

    4,875       (2,002 )     (3,512 )     491       (4,933 )     (5,081 )

Equity in net earnings of unconsolidated real estate joint ventures

    1,532                               1,532  

Other (loss) income

    (13 )     872             2       123       984  

Foreign exchange loss

                (189 )                 (189 )

Income (loss) before income taxes

  $ 6,394       (1,130 )     (3,701 )     493       (4,810 )     (2,754 )

Total assets

  $ 186,617       139,991       108,952       6,809       90,003       532,372  

Expenditures for property and equipment

  $       1,357       270       26       231       1,884  

Depreciation and amortization

  $       1,493       819       33       57       2,402  

Debt accretion and amortization

  $ 9       44       32                   85  

Cash and cash equivalents

  $ 74,412       7,713       523       2,009       29,975       114,632  

Real estate equity method investments

  $ 53,666                               53,666  

Goodwill

  $       14,274       4,140                   18,414  

Notes payable and other borrowings

  $ 5,535       15,966       48,077       22       (14,025 )     55,575