Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition - Unaudited

v3.23.3
Condensed Consolidated Statements of Financial Condition - Unaudited - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 102,490 $ 127,581
Restricted cash 22,072 750
Securities available for sale, at fair value 44,899 18,548
Trade accounts receivable, net 20,098 19,665
Construction contracts receivable, net 13,743 0
Trade inventory, net 40,336 48,866
Real estate ($3,874 in 2023 and $4,443 in 2022 held for sale and $53,605 in 2023 in VIEs) 70,101 12,345
Real Estate Investments 43,610 49,415
Property and equipment, net 38,564 35,140
Goodwill 49,614 18,414
Intangible assets, net 27,476 29,405
Operating lease assets 116,759 110,082
Deferred tax asset, net 2,734 4,259
Contract assets 32,719 16,918
Other assets 20,790 21,453
Total assets 681,005 562,841
Liabilities:    
Accounts payable 43,920 17,371
Accrued expenses 34,177 34,985
Contract liabilities 30,457 861
Other liabilities 3,600 5,297
Operating lease liabilities 134,719 126,842
Notes payable and other borrowings 44,847 38,543
Total liabilities 291,720 223,899
Commitments and contingencies (See Note 14)
Redeemable noncontrolling interest 5,180 4,414
Equity:    
Additional paid-in capital 316,346 312,978
Accumulated earnings 12,039 20,358
Accumulated other comprehensive income 851 823
Total shareholders' equity 329,379 334,302
Noncontrolling interests 54,726 226
Total equity 384,105 334,528
Total liabilities and equity 681,005 562,841
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