Quarterly report pursuant to Section 13 or 15(d)

Note 17 - Segment Reporting - Segment Information (Details)

v3.23.2
Note 17 - Segment Reporting - Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Sales $ 104,858 $ 81,322 $ 196,992 $ 153,541  
Interest income 1,674 1,221 4,191 2,370  
Other revenue 312 1,150 659 1,929  
Total revenues 106,844 83,693 201,842 159,169  
Interest expense 700 509 1,435 1,045  
Recoveries from loan losses, net (2,507) (3,289) (3,107) (3,937)  
Selling, general and administrative expenses 34,306 30,061 68,084 57,425  
Total costs and expenses 116,514 86,757 222,601 167,314  
Operating income (losses) (9,670) (3,064) (20,759) (8,145)  
Equity in net earnings of unconsolidated real estate joint ventures 728 19,154 1,832 20,686  
Other income (loss) 716 103 2,887 1,087  
Foreign exchange loss (488) 357 (534) 168  
Income (loss) before income taxes (8,687) 16,550 503 13,796  
Total assets 673,726 543,197 673,726 543,197 $ 562,841
Expenditures for property and equipment 3,646 4,066 9,060 5,950  
Depreciation and amortization 3,629 2,552 6,249 4,954  
Debt accretion and amortization (35)        
Cash and cash equivalents 81,469 118,136 81,469 118,136 127,581
Real estate equity method investments 61,189 51,740 61,189 51,740  
Goodwill 52,291 18,414 52,291 18,414 18,414
Notes payable and other borrowings 37,839 43,564 37,839 43,564 $ 38,543
Debt accretion and amortization   162 [1] 33 247 [1]  
Net gains on sales of real estate assets 0 0 0 1,329  
Impairment losses     0 64  
Other Investments in Real Estate Joint Ventures [Member]          
Gain on consolidation 27 0 10,882 0  
The Altman Companies, LLC [Member]          
Gain on consolidation 0 0 6,195 0  
Trade [Member]          
Sales 61,203 72,585 124,917 138,334  
Cost of sales 44,927 55,598 92,334 106,604  
Real Estate [Member]          
Sales 4,445 8,737 6,217 15,207  
Cost of sales 959 3,878 1,537 6,113  
Construction [Member]          
Sales 36,574 0 61,611 0  
Cost of sales 38,129 0 62,318 0  
Management Service [Member]          
Sales 2,636   4,247    
Operating Segments [Member] | BBX Capital Real Estate (BBXRE) [Member]          
Interest income 2,111 629 4,085 1,174  
Other revenue 50 506 101 1,022  
Total revenues 45,816 9,872 76,261 18,732  
Interest expense 35 0 46 0  
Recoveries from loan losses, net (2,507) (3,289) (3,107) (3,937)  
Selling, general and administrative expenses 6,326 3,362 12,566 5,760  
Total costs and expenses 42,942 3,951 73,360 7,936  
Operating income (losses) 2,874 5,921 2,901 10,796  
Equity in net earnings of unconsolidated real estate joint ventures 728 19,154 1,832 20,686  
Other income (loss) 649 5 344 (8)  
Foreign exchange loss 0 0 0 0  
Income (loss) before income taxes 4,278 25,080 22,154 31,474  
Total assets 348,321 203,868 348,321 203,868  
Expenditures for property and equipment 9 0 9 0  
Depreciation and amortization (610) 0 (806) 0  
Debt accretion and amortization 33        
Cash and cash equivalents 56,444 98,665 56,444 98,665  
Real estate equity method investments 61,189 51,740 61,189 51,740  
Goodwill 33,877   33,877    
Notes payable and other borrowings 2,343 3,898 2,343 3,898  
Debt accretion and amortization   136 [1] 53 145 [1]  
Net gains on sales of real estate assets       1,329  
Impairment losses       0  
Operating Segments [Member] | BBX Capital Real Estate (BBXRE) [Member] | Other Investments in Real Estate Joint Ventures [Member]          
Gain on consolidation 27   10,882    
Operating Segments [Member] | BBX Capital Real Estate (BBXRE) [Member] | The Altman Companies, LLC [Member]          
Gain on consolidation     6,195    
Operating Segments [Member] | BBX Capital Real Estate (BBXRE) [Member] | Trade [Member]          
Sales 0 0 0 0  
Cost of sales 0 0 0 0  
Operating Segments [Member] | BBX Capital Real Estate (BBXRE) [Member] | Real Estate [Member]          
Sales 4,445 8,737 6,217 15,207  
Cost of sales 959 3,878 1,537 6,113  
Operating Segments [Member] | BBX Capital Real Estate (BBXRE) [Member] | Construction [Member]          
Sales 36,574   61,611    
Cost of sales 38,129   62,318    
Operating Segments [Member] | BBX Capital Real Estate (BBXRE) [Member] | Management Service [Member]          
Sales 2,636   4,247    
Operating Segments [Member] | BBX Sweet Holdings [Member]          
Interest income 0 0 0 0  
Other revenue 0 0 0 0  
Total revenues 35,013 35,602 67,738 64,959  
Interest expense 375 222 707 469  
Recoveries from loan losses, net 0 0 0 0  
Selling, general and administrative expenses 15,217 14,982 29,758 27,657  
Total costs and expenses 37,494 35,826 72,913 67,185  
Operating income (losses) (2,481) (224) (5,175) (2,226)  
Equity in net earnings of unconsolidated real estate joint ventures 0 0 0 0  
Other income (loss) 24 6 224 878  
Foreign exchange loss (18) 0 (32) 0  
Income (loss) before income taxes (2,475) (218) (4,983) (1,348)  
Total assets 170,907 151,272 170,907 151,272  
Expenditures for property and equipment 3,098 2,588 8,167 3,945  
Depreciation and amortization 2,282 1,612 4,084 3,105  
Debt accretion and amortization (17)        
Cash and cash equivalents 3,336 4,708 3,336 4,708  
Real estate equity method investments 0 0 0 0  
Goodwill 14,274 14,274 14,274 14,274  
Notes payable and other borrowings 18,920 15,050 18,920 15,050  
Debt accretion and amortization   5 [1] (11) 49 [1]  
Net gains on sales of real estate assets       0  
Impairment losses       64  
Operating Segments [Member] | BBX Sweet Holdings [Member] | Other Investments in Real Estate Joint Ventures [Member]          
Gain on consolidation 0   0    
Operating Segments [Member] | BBX Sweet Holdings [Member] | The Altman Companies, LLC [Member]          
Gain on consolidation     0    
Operating Segments [Member] | BBX Sweet Holdings [Member] | Trade [Member]          
Sales 35,013 35,602 67,738 64,959  
Cost of sales 21,902 20,622 42,448 38,995  
Operating Segments [Member] | BBX Sweet Holdings [Member] | Real Estate [Member]          
Sales 0 0 0 0  
Cost of sales 0 0 0 0  
Operating Segments [Member] | BBX Sweet Holdings [Member] | Construction [Member]          
Sales 0   0    
Cost of sales 0   0    
Operating Segments [Member] | BBX Sweet Holdings [Member] | Management Service [Member]          
Sales 0   0    
Operating Segments [Member] | Renin Holdings LLC[Member]          
Interest income 0 0 0 0  
Other revenue 0 0 0 0  
Total revenues 24,344 35,093 52,320 68,581  
Interest expense 1,152 776 2,273 1,342  
Recoveries from loan losses, net 0 0 0 0  
Selling, general and administrative expenses 3,991 4,273 7,839 8,933  
Total costs and expenses 27,558 39,354 58,534 76,354  
Operating income (losses) (3,214) (4,261) (6,214) (7,773)  
Equity in net earnings of unconsolidated real estate joint ventures 0 0 0 0  
Other income (loss) (5) 0 (4) 0  
Foreign exchange loss (470) 357 (502) 168  
Income (loss) before income taxes (3,689) (3,904) (6,720) (7,605)  
Total assets 93,091 106,634 93,091 106,634  
Expenditures for property and equipment 457 254 741 524  
Depreciation and amortization 878 832 1,745 1,651  
Debt accretion and amortization (51)        
Cash and cash equivalents 648 162 648 162  
Real estate equity method investments 0 0 0 0  
Goodwill 4,140 4,140 4,140 4,140  
Notes payable and other borrowings 44,025 51,148 44,025 51,148  
Debt accretion and amortization   21 [1] (9) 53 [1]  
Net gains on sales of real estate assets       0  
Impairment losses       0  
Operating Segments [Member] | Renin Holdings LLC[Member] | Other Investments in Real Estate Joint Ventures [Member]          
Gain on consolidation 0   0    
Operating Segments [Member] | Renin Holdings LLC[Member] | The Altman Companies, LLC [Member]          
Gain on consolidation     0    
Operating Segments [Member] | Renin Holdings LLC[Member] | Trade [Member]          
Sales 24,344 35,093 52,320 68,581  
Cost of sales 22,415 34,305 48,422 66,079  
Operating Segments [Member] | Renin Holdings LLC[Member] | Real Estate [Member]          
Sales 0 0 0 0  
Cost of sales 0 0 0 0  
Operating Segments [Member] | Renin Holdings LLC[Member] | Construction [Member]          
Sales 0   0    
Cost of sales 0   0    
Operating Segments [Member] | Renin Holdings LLC[Member] | Management Service [Member]          
Sales 0   0    
Corporate, Non-Segment [Member]          
Interest income 0 0 0 0  
Other revenue 453 848 889 1,293  
Total revenues 2,313 2,743 5,765 6,093  
Interest expense 1 0 2 1  
Recoveries from loan losses, net 0 0 0 0  
Selling, general and administrative expenses 1,680 1,658 3,838 3,657  
Total costs and expenses 2,305 2,334 5,321 5,193  
Operating income (losses) 8 409 444 900  
Equity in net earnings of unconsolidated real estate joint ventures 0 0 0 0  
Other income (loss) 6 0 2,262 2  
Foreign exchange loss 0 0 0 0  
Income (loss) before income taxes 14 409 2,706 902  
Total assets 6,775 6,601 6,775 6,601  
Expenditures for property and equipment 80 22 128 48  
Depreciation and amortization 42 35 81 68  
Debt accretion and amortization 0        
Cash and cash equivalents 2,366 1,918 2,366 1,918  
Real estate equity method investments 0 0 0 0  
Goodwill 0   0    
Notes payable and other borrowings 1 18 1 18  
Debt accretion and amortization   0 [1] 0 0 [1]  
Net gains on sales of real estate assets       0  
Impairment losses       0  
Corporate, Non-Segment [Member] | Other Investments in Real Estate Joint Ventures [Member]          
Gain on consolidation 0   0    
Corporate, Non-Segment [Member] | The Altman Companies, LLC [Member]          
Gain on consolidation     0    
Corporate, Non-Segment [Member] | Trade [Member]          
Sales 1,860 1,895 4,876 4,800  
Cost of sales 624 676 1,481 1,535  
Corporate, Non-Segment [Member] | Real Estate [Member]          
Sales 0 0 0 0  
Cost of sales 0 0 0 0  
Corporate, Non-Segment [Member] | Construction [Member]          
Sales 0   0    
Cost of sales 0   0    
Corporate, Non-Segment [Member] | Management Service [Member]          
Sales 0   0    
Segment Reconciling Items [Member]          
Interest income (437) 592 106 1,196  
Other revenue (191) (204) (331) (386)  
Total revenues (642) 383 (242) 804  
Interest expense (863) (489) (1,593) (767)  
Recoveries from loan losses, net 0 0 0 0  
Selling, general and administrative expenses 7,092 5,786 14,083 11,418  
Total costs and expenses 6,215 5,292 12,473 10,646  
Operating income (losses) (6,857) (4,909) (12,715) (9,842)  
Equity in net earnings of unconsolidated real estate joint ventures 0 0 0 0  
Other income (loss) 42 92 61 215  
Foreign exchange loss 0 0 0 0  
Income (loss) before income taxes (6,815) (4,817) (12,654) (9,627)  
Total assets 54,632 74,822 54,632 74,822  
Expenditures for property and equipment 2 1,202 15 1,433  
Depreciation and amortization 1,037 73 1,145 130  
Debt accretion and amortization 0        
Cash and cash equivalents 18,675 12,683 18,675 12,683  
Real estate equity method investments 0 0 0 0  
Goodwill 0   0    
Notes payable and other borrowings (27,450) (26,550) (27,450) (26,550)  
Debt accretion and amortization   0 [1] 0 0 [1]  
Net gains on sales of real estate assets       0  
Impairment losses       0  
Segment Reconciling Items [Member] | Other Investments in Real Estate Joint Ventures [Member]          
Gain on consolidation 0   0    
Segment Reconciling Items [Member] | The Altman Companies, LLC [Member]          
Gain on consolidation     0    
Segment Reconciling Items [Member] | Trade [Member]          
Sales (14) (5) (17) (6)  
Cost of sales (14) (5) (17) (5)  
Segment Reconciling Items [Member] | Real Estate [Member]          
Sales 0 0 0 0  
Cost of sales 0 $ 0 0 $ 0  
Segment Reconciling Items [Member] | Construction [Member]          
Sales 0   0    
Cost of sales 0   0    
Segment Reconciling Items [Member] | Management Service [Member]          
Sales $ 0   $ 0    
[1] The above segment information includes the operations of IT’SUGAR as of June 17, 2021, the date the Company reconsolidated IT’SUGAR.