Quarterly report pursuant to Section 13 or 15(d)

Note 17 - Segment Reporting (Tables)

v3.23.3
Note 17 - Segment Reporting (Tables)
9 Months Ended
Sep. 30, 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

  $       35,822       24,391       1,251       (2 )     61,462  

Sales of real estate inventory

    2,712                               2,712  

Revenue from construction contracts

    29,067                               29,067  

Real estate development and property management fees

    5,002                               5,002  

Interest income

    1,973                         572       2,545  

Net gains on sales of real estate assets

    2,271                               2,271  

Other revenue

    51                   452       (223 )     280  

Total revenues

    41,076       35,822       24,391       1,703       347       103,339  

Costs and expenses:

                                               

Cost of trade sales

          23,234       21,569       506       (2 )     45,307  

Cost of real estate inventory sold

    570                               570  

Cost of revenue from construction contracts

    31,945                               31,945  

Interest expense

    28       382       1,229       1       (830 )     810  

Recoveries from loan losses, net

    (177 )                             (177 )

Impairment losses

          349                         349  

Selling, general and administrative expenses

    7,337       14,208       3,496       2,252       6,827       34,120  

Total costs and expenses

    39,703       38,173       26,294       2,759       5,995       112,924  

Operating income (losses)

    1,373       (2,351 )     (1,903 )     (1,056 )     (5,648 )     (9,585 )

Equity in net earnings of unconsolidated real estate joint ventures

    2,126                               2,126  

Gain on the consolidation of The Altman Companies

    (2,393 )                             (2,393 )

Gain on the consolidation of investment in real estate joint ventures

    1,135                               1,135  

Other income (loss)

    829       (67 )     (1 )     6       388       1,155  

Foreign exchange gain

          30       391                   421  

Income (loss) before income taxes

  $ 3,070       (2,388 )     (1,513 )     (1,050 )     (5,260 )     (7,141 )

Total assets

  $ 355,384       169,317       89,298       6,326       60,680       681,005  

Expenditures for property and equipment

  $ 48       1,504       273       33       7       1,865  

Depreciation and amortization

  $ (757 )     1,984       878       45       107       2,257  

Debt accretion and amortization

  $ 19       (11 )     (5 )                 3  

Cash and cash equivalents

  $ 75,121       2,516       613       1,912       22,328       102,490  

Real estate equity method investments

  $ 43,610                               43,610  

Goodwill

  $ 31,200       14,274       4,140                   49,614  

Notes payable and other borrowings

  $ 7,541       20,416       43,344       21       (26,475 )     44,847  
   

BBX Capital Real Estate

   

BBX Sweet Holdings

   

Renin

   

Other

   

Reconciling Items and Eliminations

   

Segment Total

 

Revenues:

                                               

Trade sales

  $       37,053       32,535       1,510       (1 )     71,097  

Sales of real estate inventory

    1,606                               1,606  

Interest income

    970                         606       1,576  

Other revenue

    442                   587       (74 )     955  

Total revenues

    3,018       37,053       32,535       2,097       531       75,234  

Costs and expenses:

                                               

Cost of trade sales

          21,939       31,539       580       (1 )     54,057  

Cost of real estate inventory sold

    556                               556  

Interest expense

          228       1,063       1       (677 )     615  

Recoveries from loan losses, net

    (278 )                             (278 )

Impairment losses

    311                               311  

Selling, general and administrative expenses

    3,196       14,444       4,166       1,547       5,720       29,073  

Total costs and expenses

    3,785       36,611       36,768       2,128       5,042       84,334  

Operating (losses) income

    (767 )     442       (4,233 )     (31 )     (4,511 )     (9,100 )

Equity in net earnings of unconsolidated real estate joint ventures

    15,026                               15,026  

Other (expense) income

          (360 )     1             49       (310 )

Foreign exchange (loss) gain

          (2 )     905                   903  

Income (loss) before income taxes

  $ 14,259       80       (3,327 )     (31 )     (4,462 )     6,519  

Total assets

  $ 208,652       150,619       103,781       6,483       76,231       545,766  

Expenditures for property and equipment

  $       3,788       233       25       65       4,111  

Depreciation and amortization

  $ (157 )     1,627       846       35       102       2,453  

Debt accretion and amortization

  $ 13       6       32                   51  

Cash and cash equivalents

  $ 78,535       3,698       692       1,878       13,730       98,533  

Real estate equity method investments

  $ 46,640                               46,640  

Goodwill

  $       14,274       4,140                   18,414  

Notes payable and other borrowings

  $ 3,709       14,325       51,745       14       (25,575 )     44,218  

Revenues:

 

BBX Capital Real Estate

   

BBX Sweet Holdings

   

Renin

   

Other

   

Reconciling Items and Eliminations

   

Segment Total

 

Trade sales

  $       103,560       76,711       6,127       (19 )     186,379  

Sales of real estate inventory

    8,929                               8,929  

Revenue from construction contracts

    90,678                               90,678  

Real estate development and property management fees

    9,249                               9,249  

Interest income

    6,058                         678       6,736  

Net gain on sales of real estate assets

    2,210                               2,210  

Other revenue

    152                   1,341       (554 )     939  

Total revenues

    117,276       103,560       76,711       7,468       105       305,120  

Costs and expenses:

                                               

Cost of trade sales

          65,682       69,991       1,987       (19 )     137,641  

Cost of real estate inventory sold

    2,107                               2,107  

Cost of revenue from construction contracts

    94,263                               94,263  

Interest expense

    74       1,089       3,502       3       (2,423 )     2,245  

Recoveries from loan losses, net

    (3,284 )                             (3,284 )

Impairment losses

          349                         349  

Selling, general and administrative expenses

    19,842       43,966       11,335       6,090       20,910       102,143  

Total costs and expenses

    113,002       111,086       84,828       8,080       18,468       335,464  

Operating income (losses)

    4,274       (7,526 )     (8,117 )     (612 )     (18,363 )     (30,344 )

Equity in net earnings of unconsolidated real estate joint ventures

    3,958                               3,958  

Gain on the consolidation of The Altman Companies

    3,802                               3,802  

Gain on the consolidation of investment in real estate joint ventures

    12,017                               12,017  

Other income (expense)

    1,173       157       (5 )     2,268       449       4,042  

Foreign exchange loss

          (2 )     (111 )                 (113 )

Income (loss) before income taxes

  $ 25,224       (7,371 )     (8,233 )     1,656       (17,914 )     (6,638 )

Expenditures for property and equipment

  $ 57       9,671       1,014       161       22       10,925  

Depreciation, amortization and accretion of securities available for sale

  $ (1,563 )     6,068       2,623       126       1,252       8,506  

Debt accretion and amortization

  $ 72       (22 )     (14 )                 36  

Revenues:

 

BBX Capital Real Estate

   

BBX Sweet Holdings

   

Renin

   

Other

   

Reconciling Items and Eliminations

   

Segment Total

 

Trade sales

  $       102,012       101,116       6,310       (7 )     209,431  

Sales of real estate inventory

    16,813                               16,813  

Interest income

    2,165                         1,803       3,968  

Net gains on sales of real estate assets

    1,329                               1,329  

Other revenue

    1,443                   1,880       (461 )     2,862  

Total revenues

    21,750       102,012       101,116       8,190       1,335       234,403  

Costs and expenses:

                                               

Cost of trade sales

          60,934       97,618       2,115       (6 )     160,661  

Cost of real estate inventory sold

    6,669                               6,669  

Interest expense

          697       2,405       2       (1,444 )     1,660  

Recoveries from loan losses, net

    (4,215 )                             (4,215 )

Impairment losses

    311       64                         375  

Selling, general and administrative expenses

    8,956       42,101       13,099       5,204       17,138       86,498  

Total costs and expenses

    11,721       103,796       113,122       7,321       15,688       251,648  

Operating income (losses)

    10,029       (1,784 )     (12,006 )     869       (14,353 )     (17,245 )

Equity in net earnings of unconsolidated real estate joint ventures

    35,712                               35,712  

Other (expense) income

    (8 )     518       1       2       264       777  

Foreign exchange (loss) gain

          (2 )     1,073                   1,071  

Income (loss) before income taxes

  $ 45,733       (1,268 )     (10,932 )     871       (14,089 )     20,315  

Expenditures for property and equipment

  $       7,733       757       73       1,498       10,061  

Depreciation and amortization

  $ (157 )     4,732       2,497       103       232       7,407  

Debt accretion and amortization

  $ 158       55       85                   298