Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition - Unaudited

v3.23.2
Condensed Consolidated Statements of Financial Condition - Unaudited - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 81,469 $ 127,581
Restricted cash 16,754 750
Securities available for sale, at fair value 61,436 18,548
Accounts receivable, net 20,790 19,665
Construction contracts receivable, net 10,760 0
Trade inventory, net 42,484 48,866
Real estate ($3,874 in 2023 and $4,443 in 2022 held for sale and $37,771 in 2023 in VIEs) 54,323 12,345
Real Estate Investments 61,189 49,415
Property and equipment, net 39,421 35,140
Goodwill 52,291 18,414
Intangible assets, net 28,119 29,405
Operating lease assets 117,751 110,082
Deferred tax asset, net 2,506 4,259
Contract assets 33,598 16,918
Other assets 15,835 21,453
Total assets 673,726 562,841
Liabilities:    
Accounts payable 25,518 17,371
Accrued expenses 30,211 34,985
Contract liabilities 36,339 861
Other liabilities 3,277 5,297
Operating lease liabilities 135,686 126,842
Notes payable and other borrowings 37,839 38,543
Total liabilities 268,870 223,899
Commitments and contingencies (See Note 14)
Redeemable noncontrolling interest 9,778 4,414
Equity:    
Additional paid-in capital 315,108 312,978
Accumulated earnings 19,864 20,358
Accumulated other comprehensive income 1,201 823
Total shareholders' equity 336,316 334,302
Noncontrolling interests 58,762 226
Total equity 395,078 334,528
Total liabilities and equity 673,726 562,841
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 $ 35,000 $ 50,000