Bluegreen Vacations Holding (BVH) 10-Q 10 May 21 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 07, 2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-09071
Entity Registrant Name	BLUEGREEN VACATIONS HOLDING CORPORATION
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	59-2022148
Entity Address, Address Line One	4960 Conference Way North
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Boca Raton
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33431
City Area Code	954
Local Phone Number	940-4900
Title of 12(b) Security	Class A Common Stock, $.01 par value(including associated Preferred Share Purchase Rights)
Trading Symbol	BVH
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000315858
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		18,287,998
Class B Common Stock [Member]
Entity Common Stock, Shares Outstanding		3,693,564

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 199,150	$ 221,118
Restricted cash ($18,297 and $20,469 in VIEs at March 31, 2021 and December 31, 2020, respectively)	40,736	35,986
Notes receivable	544,806	551,393
Less: Allowance for loan loss	(143,242)	(142,044)
Notes receivable, net ($269,082 and $292,021 in VIEs at March 31, 2021 and December 31, 2020, respectively)	401,564	409,349
Vacation ownership interest ("VOI") inventory	345,090	347,122
Property and equipment, net	90,257	90,049
Intangible assets, net	61,411	61,431
Operating lease assets	33,927	34,415
Prepaid expenses	25,990	9,367
Other assets	39,503	41,282
Total assets	1,237,628	1,250,119
Liabilities
Accounts payable	13,708	10,559
Deferred income	15,257	15,745
Accrued liabilities and other	101,930	93,971
Receivable-backed notes payable - recourse	35,975	38,500
Receivable-backed notes payable - non-recourse ($325,317 and $341,532	364,933	355,833
Note payable to BBX Capital, Inc.	75,000	75,000
Notes payable and other borrowings	111,450	138,386
Junior subordinated debentures	134,391	138,177
Operating lease liabilities	35,876	35,904
Deferred income taxes	80,874	85,314
Total liabilities	969,394	987,389
Commitments and Contingencies - See Note 9
Shareholders' Equity
Additional paid-in capital	177,104	177,104
Accumulated earnings	13,560	10,586
Total Bluegreen Vacations Holding shareholders' equity	190,857	187,883
Non-controlling interest	77,377	74,847
Total shareholders' equity	268,234	262,730
Total liabilities and shareholders' equity	1,237,628	1,250,119
Class A Common Stock [Member]
Shareholders' Equity
Common stock	156	156
Class B Common Stock [Member]
Shareholders' Equity
Common stock	$ 37	$ 37

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Restricted cash	$ 40,736	$ 35,986
Notes receivable, net	401,564	409,349
Receivable backed notes payable - non-recourse	$ 364,933	$ 355,833
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Variable Interest Entity, Primary Beneficiary [Member]
Restricted cash	$ 18,297	$ 20,469
Notes receivable, net	269,082	292,021
Receivable backed notes payable - non-recourse	$ 325,317	$ 341,532
Class A Common Stock [Member]
Common Stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	15,624,123	15,624,091
Common stock, shares outstanding	15,624,123	15,624,091
Class B Common Stock [Member]
Common Stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	4,000,000	4,000,000
Common stock, shares issued	3,693,564	3,693,596
Common stock, shares outstanding	3,693,564	3,693,596

Consolidated Statements Of Oper

Consolidated Statements Of Operations And Comprehensive Income - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Revenues:
Provision for loan losses		$ (12,319)	$ (30,353)
Total revenues		127,154	134,927
Interest income		19,261	21,200
Other income, net			170
Total revenues		146,415	156,297
Costs and expenses:
Interest expense		9,735	9,898
Selling, general and administrative expenses		90,964	110,485
Other expense, net		161
Total costs and expenses		139,722	165,313
Income (loss) before income taxes		6,693	(9,016)
(Provision) benefit for income taxes		(1,189)	1,453
Net income (loss) from continuing operations		5,504	(7,563)
Discontinued operations
Loss from operations			(27,629)
Benefit for income taxes			4,377
Net income (loss)		5,504	(30,815)
Less: Income attributable to noncontrolling interests - continuing operations		2,530	951
Less: Loss attributable to noncontrolling interests - discontinued operations			(3,456)
Net income (loss) attributable to shareholders		2,974	(28,310)
Comprehensive income attributable to Bluegreen Vacations Corporation shareholders		$ 2,974	$ (28,897)
Basic earnings (loss) per share from continuing operations		$ 0.15	$ (0.47)
Basic loss per share from discontinued operations			(1.08)
Basic earnings (loss) per share		0.15	(1.55)
Diluted earnings (loss) per share from continuing operations		0.15	(0.47)
Diluted loss per share from discontinued operations			(1.08)
Diluted earnings (loss) per share		$ 0.15	$ (1.55)
Basic weighted average number of common shares outstanding		19,318	18,298
Diluted weighted average number of common and common equivalent shares outstanding	[1]	19,318	18,298
Net income (loss)		$ 5,504	$ (30,815)
Other comprehensive loss, net of tax:
Foreign currency translation adjustments			(550)
Unrealized loss on securities available for sale			(37)
Other comprehensive loss, net			(587)
Comprehensive income (loss), net of tax		5,504	(31,402)
Less: Comprehensive income (loss) attributable to noncontrolling interests		2,530	(2,505)
Comprehensive income (loss) attributable to shareholders		2,974	(28,897)
Gross Sales Of VOIs [Member]
Revenues:
Total revenues		68,250	75,481
Sales of VOIs [Member]
Revenues:
Total revenues		55,931	45,128
Costs and expenses:
Total costs and expenses		5,169	4,099
Cost Of VOIs [Member]
Costs and expenses:
Total costs and expenses		5,169	4,099
Fee-Based Sales Commission Revenue [Member]
Revenues:
Total revenues		25,718	41,365
Other Fee-Based Services Revenue [Member]
Revenues:
Total revenues		28,897	29,314
Costs and expenses:
Total costs and expenses		17,085	21,711
Cost Reimbursements [Member]
Revenues:
Total revenues		16,608	19,120
Costs and expenses:
Total costs and expenses		$ 16,608	$ 19,120
[1]	Approximately 1,016,981 shares of unvested restricted stock awards were not included in the computation of diluted earnings per share for the three months ended March 31, 2020 as the shares were antidilutive due to a loss for the period.

Consolidated Statements Of Op_2

Consolidated Statements Of Operations And Comprehensive Income (Parenthetical)	3 Months Ended
	Mar. 31, 2020shares
Restricted Stock [Member]
Antidilutive securities	1,016,981

Consolidated Statements Of Shar

Consolidated Statements Of Shareholder's Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]Class A Common Stock [Member]	Common Stock [Member]Class B Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Total Shareholders' Equity [Member]	Non-controlling Interests [Member]	Total
Beginning balance at Dec. 31, 2019	$ 151	$ 32	$ 153,507	$ 394,551	$ 1,554	$ 549,795	$ 90,275	$ 640,070
Beginning balance, shares at Dec. 31, 2019	15,106	3,192
Net income								(30,815)
Net loss excluding $2,743 of loss attributable to redeemable noncontrolling interest				(28,310)		(28,310)	238	(28,072)
Other comprehensive income (loss)					(587)	(587)		(587)
Bluegreen purchase and retirement of its common stock			(1,167)			(1,167)	(10,574)	(11,741)
Distributions to noncontrolling interests							(923)	(923)
Accretion of redeemable noncontrolling interest				(551)		(551)		(551)
Conversion of Common Stock from Class B to Class A, value	$ 27	$ (27)
Share-based compensation			2,731			2,731		2,731
Ending balance at Mar. 31, 2020	$ 151	$ 32	155,071	365,690	$ 967	521,911	79,016	600,927
Ending balance, shares at Mar. 31, 2020	15,133	3,165
Beginning balance at Dec. 31, 2020	$ 156	$ 37	177,104	10,586		187,883	74,847	262,730
Beginning balance, shares at Dec. 31, 2020	15,624	3,694
Net income				2,974		2,974	2,530	5,504
Ending balance at Mar. 31, 2021	$ 156	$ 37	$ 177,104	$ 13,560		$ 190,857	$ 77,377	$ 268,234
Ending balance, shares at Mar. 31, 2021	15,624	3,694

Consolidated Statements Of Sh_2

Consolidated Statements Of Shareholder's Equity (Parenthetical) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Consolidated Statement Of Shareholder's Equity [Abstract]
Loss attributable to redeemable noncontrolling interest	$ 2,743

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Operating activities:
Net income (loss)	$ 5,504	$ (30,815)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Recoveries from loan losses, net		(3,512)
Provision for loan losses	12,319	30,353
Depreciation, amortization and accretion, net	5,189	6,902
Share-based compensation expense		2,731
Net losses on sales of real estate and property and equipment	11	3
Equity earnings of unconsolidated real estate joint ventures		(551)
Return on investment in unconsolidated real estate joint ventures		1,430
(Decrease) increase in deferred income tax liability	(4,440)	(6,052)
Impairment losses		28,283
Changes in operating assets and liabilities:
Notes receivable	(4,534)	(11,184)
VOI Inventory	2,032	(356)
Trade inventory		312
Real estate inventory		1,241
Prepaid expense and other assets	(15,192)	(10,582)
Accounts payable, accrued liabilities and other, and deferred income	11,080	(38,197)
Net cash provided by (used in) operating activities	11,969	(29,994)
Investing activities:
Investments in unconsolidated real estate joint ventures		(2,922)
Proceeds from repayment of loans receivable		3,909
Proceeds from sales of real estate		100
Additions to real estate		(51)
Purchases of property and equipment	(4,049)	(6,549)
Net cash used in investing activities	(4,049)	(5,513)
Financing activities:
Repayments of notes payable and other borrowings	(63,484)	(44,076)
Proceeds from notes payable and other borrowings	42,350	118,943
Redemption of junior subordinated debentures	(4,004)
Payments for debt issuance costs		(185)
Purchase and retirement of subsidiary common stock		(11,741)
Dividends paid on common stock		(1,144)
Distributions to noncontrolling interests		(923)
Net cash (used in) provided by financing activities	(25,138)	60,874
Net (decrease) increase in cash and cash equivalents and restricted cash	(17,218)	25,367
Cash, cash equivalents and restricted cash at beginning of period	257,104	406,870
Cash, cash equivalents and restricted cash at end of period	239,886	432,237
Supplemental cash flow information:
Interest paid on borrowings, net of amounts capitalized	1,818	9,095
Income taxes paid	228	217
Supplementary disclosure of non-cash investing and financing activities:
Increase in other assets upon issuance of Community Development District Bonds		185
Assumption of Community Development District Bonds by builders		1,532
Reconciliation of cash, cash equivalents and restricted cash:
Total cash, cash equivalents, and restricted cash	$ 239,886	$ 432,237

Organization And Basis Of Finan

Organization And Basis Of Financial Statement Presentation	3 Months Ended
	Mar. 31, 2021
Organization And Basis Of Financial Statement Presentation [Abstract]
Organization And Basis Of Financial Statement Presentation	1. Organization and Basis of Financial Statement Presentation Bluegreen Vacations Holding Corporation (formerly BBX Capital Corporation) and its subsidiaries (the “Company” “we,” “us,” or “our”) is a Florida-based holding company. Bluegreen Vacations Holding Corporation as a standalone entity without its subsidiaries is sometimes referred to herein as “BVH” . BVH has prepared the accompanying unaudited consolidated financial statements in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the Company’s opinion, the financial information furnished herein reflects all adjustments consisting of normal recurring items necessary for a fair presentation of its financial position, results of operations, and cash flows for the interim periods reported in this Quarterly Report on Form 10-Q. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and, accordingly, actual results could differ from those estimates. Due to the unprecedented impact and uncertainties related to the Coronavirus Disease 2019 (“COVID-19”) pandemic, including its potential future impact and other factors, the results of operations for the three months ended March 31, 2021 are not necessarily indicative of the results to be expected for the year ending December 31, 2021 or any other future interim or annual periods. The accompanying financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto as of and for the year ended December 31, 2020, included in its Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 1, 2021 (the “2020 Annual Report on Form 10-K”). Our Business On September 30, 2020, BVH completed its spin-off of BBX Capital, Inc. (“BBX Capital”), the former wholly owned subsidiary of BVH which became a separate public company as a result of the spin-off and holds all of BVH’s historical business and investments other than BVH’s investment in Bluegreen Vacations Corporation (“Bluegreen”), a leading vacation ownership company that markets and sells vacation ownership interests (“VOIs”) and manages resorts in popular leisure and urban destinations. As a result of the spin-off the Company is a “pure play” holding company whose sole investment is its ownership of Bluegreen. Prior to May 5, 2021, BVH beneficially owned approximately 93 % of Bluegreen’s outstanding common stock. On May 5, 2021, BVH acquired all of the approximately 7 % of the outstanding shares of Bluegreen’s common stock not previously beneficially owned by BVH through a statutory short-form merger under Florida law. In connection with the merger, Bluegreen’s shareholders (other than BVH) are entitled to receive 0.51 shares of BVH’s Class A Common Stock for each share of Bluegreen’s common stock that they held at the effective time of the merger. Based on the number of shares of Bluegreen’s common stock outstanding prior to the effective time of the merger, it is estimated that BVH will issue approximately 2,664,000 shares of its Class A Common Stock in connection with the merger. As a result of the completion of the merger, Bluegreen has become a wholly owned subsidiary of BVH and Bluegreen’s common stock is no longer publicly traded. Bluegreen is a leading vacation ownership company that markets and sells vacation ownership interests (“VOIs”) and manages resorts in popular leisure and urban destinations. Bluegreen’s resorts are primarily located in high-volume, “drive-to” vacation locations, including Orlando, Las Vegas, Myrtle Beach, Charleston and New Orleans, among others. The resorts in which Bluegreen markets, sells, and manages VOIs were either developed or acquired by Bluegreen, or were developed and are owned by third parties. Bluegreen earns fees for providing sales and marketing services to third party developers. Bluegreen also earns fees for providing management services to the Vacation Club and homeowners’ associations (“HOAs”), mortgage servicing, VOI title services, reservation services, and construction design and development services. In addition, Bluegreen provides financing to qualified VOI purchasers, which generates significant interest income. Basis of Financial Statement Presentation The unaudited consolidated financial statements include the accounts of BVH’s wholly owned subsidiaries, other entities in which BVH or its consolidated subsidiaries hold controlling financial interests, and any VIEs in which BVH or one of its consolidated subsidiaries is deemed the primary beneficiary of the VIE. All significant inter-company accounts and transactions have been eliminated in consolidation. Continued Impact of COVID-19 on our Business The Company continues to be adversely affected by the economic impact of the COVID-19 pandemic. In response to the pandemic, Bluegreen temporarily closed all of its VOI sales centers and marketing operations in the last week of March 2020 and took other measures with a goal of mitigating the impact of the pandemic and positioning Bluegreen to navigate the pandemic successfully. By March 31, 2021, Bluegreen was operating marketing kiosks at 105 Bass Pro Shops and Cabela’s stores, including 7 new Cabela’s locations opened during the three months ended March 31, 2021; had reactivated the Choice Hotels call transfer program; had reopened all of its resorts; and reopened all but two of its VOI sales centers. Further, resort occupancy rates were approximately 70 % at resorts with sales centers for the first quarter of 2021 compared to 66 % in the first quarter of 2020 and vacation packages sold were 15 % higher in the first quarter of 2021 compared to the first quarter of 2020. Although this trend of reduced travel for vacation packages sold prior to the COVID-19 pandemic still exists, Bluegreen is encouraged by the eagerness of its owners to travel to its resorts and for the first quarter of 2021 Bluegreen sold 49,000 vacation packages compared to 43,000 in the first quarter of 2020. Use of Estimates The Company’s financial statements are prepared in conformity with GAAP, which requires it to make estimates based on assumptions about current and, for some estimates, future economic and market conditions which affect reported amounts and related disclosures in its financial statements. Although the Company’s current estimates contemplate current and expected future conditions, as applicable, actual conditions could differ from its expectations, which could materially affect its results of operations and financial position. In particular, a number of estimates have been and will continue to be affected by the ongoing COVID-19 pandemic. The severity, magnitude and duration, as well as the economic consequences of the COVID-19 pandemic, are uncertain, rapidly changing and difficult to predict. As a result, accounting estimates and assumptions may change over time in response to COVID-19. Such changes could result in, among other adjustments, future impairments of intangibles and long-lived assets, incremental credit losses on Bluegreen’s VOI notes receivable, a decrease in the carrying amount of tax assets, or an increase in other obligations as of the time of a relevant measurement event. Reclassification of Prior Period Presentation Certain prior period balances were reclassified to conform to the current period presentation. The reclassification had no impact on the Company’s unaudited statements of operations and comprehensive income or its unaudited statements of cash flows.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	3 Months Ended
	Mar. 31, 2021
Recently Issued Accounting Pronouncements [Abstract]
Recently Issued Accounting Pronouncements	2. Recently Issued Accounting Pronouncements Future Adoption of Recently Issued Accounting Pronouncements The FASB has issued the following accounting pronouncement and guidance relevant to the Company’s operations which had not yet been adopted as of March 31, 2021: In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effect of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”), which provides relief for companies preparing for the discontinuation of LIBOR in response to the Financial Conduct Authority (the regulatory authority over LIBOR) plan for a phase out of regulatory oversight of LIBOR interest rate indices after 2021 to allow for an orderly transition to an alternate reference rate. The Alternative Reference Rates Committee (“ARRC”) has proposed that the Secured Overnight Financing Rate (“SOFR”) is the rate that represents best practice as the alternative to LIBOR for promissory notes or other contracts that are currently indexed to LIBOR. The ARRC has proposed a market transition plan to SOFR from LIBOR and organizations are currently working on transition plans as it relates to derivatives and cash markets exposed to LIBOR. Although Bluegreen’s VOIs notes receivable from its borrowers are not indexed to LIBOR, as of March 31, 2021 the Company had $ 171.1 million of LIBOR indexed junior subordinated debentures, $ 66.7 million of LIBOR indexed receivable-backed notes payable and lines of credit, and $ 108.1 million of LIBOR indexed l ines of credit and notes payable (which are not receivable-backed) that mature after 2021. Companies can apply ASU 2020-04 immediately. However, the guidance will only be available for a limited time, generally through December 31, 2022. The Company has not yet adopted this standard and is evaluating the potential impact that the eventual replacement of the LIBOR benchmark interest rate could have on its results of operations, liquidity and consolidated financial statements.

Revenue From Contracts With Cus

Revenue From Contracts With Customers	3 Months Ended
	Mar. 31, 2021
Revenue from Contracts with Customers [Abstract]
Revenue From Contracts With Cutomers	3 . Revenue From Contracts with Customers The table below sets forth the Company’s disaggregated revenue by category from contracts with customers (in thousands). For the Three Months Ended March 31, 2021 2020 Sales of VOIs (1) $ 55,931 $ 45,128 Fee-based sales commission revenue (1) 25,718 41,365 Resort and club management revenue (2) 24,928 25,029 Cost reimbursements (2) 16,608 19,120 Title fees and other (1) 2,274 2,723 Other revenue (2) 1,695 1,562 Revenue from customers 127,154 134,927 Interest income (3) 19,261 21,200 Other income, net — 170 Total revenue $ 146,415 $ 156,297 (1) Included in the Company’s sales of VOIs and financing segment described in Note 12. (2) Included in the Company’s resort operations and club management segment described in Note 12. (3) Interest income of $ 19.1 million and $ 20.1 million for the three months ended March 31, 2021 and 2020, respectively, is included in the Company’s sales of VOIs and financing segment described in Note 12. Please refer to Note 12: Segment Reporting below for more details related to the Company’s segments.

Notes Receivable

Notes Receivable	3 Months Ended
	Mar. 31, 2021
Notes Receivable [Abstract]
Notes Receivable	4 . Notes Receivable The table below provides information relating to Bluegreen’s notes receivable and its allowance for loan losses (dollars in thousands): As of March 31, December 31, 2021 2020 Notes receivable secured by VOIs: VOI notes receivable - non-securitized $ 179,389 $ 156,078 VOI notes receivable - securitized 365,417 395,315 Gross VOI notes receivable 544,806 551,393 Allowance for loan losses - non-securitized ( 46,907 ) ( 38,750 ) Allowance for loan losses - securitized ( 96,335 ) ( 103,294 ) Allowance for loan losses ( 143,242 ) ( 142,044 ) VOI notes receivable, net $ 401,564 $ 409,349 Allowance as a % of Gross VOI notes receivable 26 % 26 % The weighted-average interest rate charged on Bluegreen’s notes receivable secured by VOIs was 15.1 % and 15.0 % at March 31, 2021 and December 31, 2020, respectively . All of Bluegreen’s VOI loans bear interest at fixed rates. Bluegreen’s VOI notes receivable are generally secured by property located in Florida, Missouri, Nevada, South Carolina, Tennessee, and Wisconsin. Allowance for Loan Losses The activity in Bluegreen’s allowance for loan losses was as follows (in thousands): For the Three Months Ended March 31, 2021 2020 Balance, beginning of period $ 142,044 $ 140,630 Provision for loan losses 12,319 30,353 Less: Write-offs of uncollectible receivables ( 11,121 ) ( 15,817 ) Balance, end of period $ 143,242 $ 155,166 Bluegreen monitors the credit quality of its receivables on an ongoing basis. Bluegreen holds large amounts of homogeneous VOI notes receivable and assess uncollectibility based on pools of receivables as it does not believe that there are significant concentrations of credit risk with any individual counterparty or groups of counterparties. In estimating loan losses, Bluegreen does not use a single primary indicator of credit quality but instead evaluates its VOI notes receivable based upon a static pool analysis that incorporates the aging of the respective receivables, default trends and prepayment rates by origination year, as well as the FICO scores of the borrowers. The COVID-19 pandemic has had a material adverse impact on unemployment in the United States and economic conditions in general and the impact may continue for some time. In March 2020, Bluegreen recorded an additional allowance of $ 12.0 million which included its estimate at that time of customer defaults as a result of changing economic factors related to the COVID-19 pandemic. Bluegreen believes that the COVID-19 pandemic will continue to have an impact on the collectability of its VOI notes receivable. Bluegreen continues to evaluate the impact of the COVID-19 pandemic on its default or delinquency rates as it is rapidly changing and highly uncertain. Bluegreen’s estimates may not prove to be correct and its allowance for loan losses may not prove to be adequate . Additional information about Bluegreen’s VOI notes receivable by year of origination is as follows as of March 31, 2021 (in thousands): Year of Origination 2021 2020 2019 2018 2017 2016 and Prior Total 701+ $ 20,054 $ 64,272 $ 77,853 $ 51,834 $ 34,447 $ 56,733 $ 305,193 601-700 13,783 41,385 42,192 31,643 22,725 51,915 203,643 <601 (1) 718 3,744 4,272 2,821 1,996 5,602 19,153 Other (2) — 605 1,179 3,678 3,620 7,735 16,817 Total by FICO score $ 34,555 $ 110,006 $ 125,496 $ 89,976 $ 62,788 $ 121,985 $ 544,806 Defaults $ — $ 2,054 3,272 $ 2,780 $ 1,909 $ 1,106 $ 11,121 Allowance for loan loss $ 9,036 $ 33,497 $ 36,001 $ 25,168 $ 15,308 $ 24,232 $ 143,242 Delinquency status: Current $ 34,485 $ 105,915 $ 119,847 $ 83,452 $ 57,110 $ 110,863 $ 511,672 31-60 days 70 1,118 1,245 890 402 865 4,590 61-90 days — 1,015 1,302 667 738 912 4,634 Over 91 days (2) — 1,958 3,102 4,967 4,538 9,345 23,910 Total $ 34,555 $ 110,006 $ 125,496 $ 89,976 $ 62,788 $ 121,985 $ 544,806 (1) Includes VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers). (2) Includes $ 13.1 million related to VOI notes receivable that, as of March 31, 2021, had defaulted, but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of Bluegreen’s receivable-backed notes payable transactions. These VOI notes receivable have been reflected in the allowance for loan losses. Additional information about Bluegreen’s VOI notes receivable by year of origination is as follows as of December 31, 2020 (in thousands): Year of Origination 2020 2019 2018 2017 2016 2015 and Prior Total 701+ $ 70,874 $ 85,294 $ 56,490 $ 37,371 $ 27,638 $ 35,693 $ 313,360 601-700 42,095 44,672 34,181 24,700 22,656 34,779 203,083 <601 (1) 3,737 4,491 3,003 2,113 2,188 3,954 19,486 Other (2) 29 567 3,805 3,476 2,336 5,251 15,464 Total by FICO score $ 116,735 $ 135,024 $ 97,479 $ 67,660 $ 54,818 $ 79,677 $ 551,393 Defaults $ 1,678 $ 13,678 14,297 $ 9,331 $ 7,299 $ 9,244 $ 55,527 Allowance for loan loss $ 33,441 $ 37,845 $ 27,552 $ 16,794 $ 12,097 $ 14,315 $ 142,044 Delinquency status: Current $ 113,954 $ 129,817 $ 89,744 $ 61,279 $ 50,671 $ 71,646 $ 517,111 31-60 days 1,040 1,531 1,093 925 547 642 5,778 61-90 days 807 1,137 931 777 365 524 4,541 Over 91 days (2) 934 2,539 5,711 4,679 3,235 6,865 23,963 Total $ 116,735 $ 135,024 $ 97,479 $ 67,660 $ 54,818 $ 79,677 $ 551,393 (1) Includes VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers). (2) Includes $ 11.4 million related to VOI notes receivable that, as of December 31,2020, had defaulted, but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of Bluegreen’s receivable-backed notes payable transactions. These VOI notes receivable have been reflected in the allowance for loan losses. The percentage of gross notes receivable outstanding by FICO score of the borrower at the time of origination were as follows: As of March 31, December 31, 2021 2020 FICO Score No Score (1) 1 % 1 % <600 3 3 601-699 38 37 700+ 58 59 100 % 100 % (1) VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers). Bluegreen’s notes receivable are carried at amortized cost less an allowance for loan losses. Interest income is suspended, and previously accrued but unpaid interest income is reversed, on all delinquent notes receivable when principal or interest payments are more than 90 days contractually past due and not resumed until such loans are less than 90 days past due. As of March 31, 2021 and December 31, 2020, $ 23.9 million and $ 24.0 million, respectively, of Bluegreen’s VOI notes receivable were more than 90 days past due, and accordingly, consistent with its policy, were not accruing interest income. After approximately 127 days, Bluegreen’s VOI notes receivable are generally written off against the allowance for loan loss. Accrued interest was $ 3.8 million and $ 3.9 million as of March 31, 2021 and December 31, 2020, respectively, and is included within other assets in the Company’s unaudited consolidated balance sheets herein.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 2021
Variable Interest Entities [Abstract]
Variable Interest Entities	5 . Variable Interest Entities Bluegreen sells VOI notes receivable through special purpose finance entities. These transactions are generally structured as non-recourse to Bluegreen and are designed to provide liquidity for Bluegreen and to transfer the economic risks and benefits of the notes receivable to third parties. In a securitization, various classes of debt securities are issued by the special purpose finance entities that are generally collateralized by a single tranche of transferred assets, which consist of VOI notes receivable. Bluegreen services the securitized notes receivable for a fee pursuant to servicing agreements negotiated with third parties based on market conditions at the time of the securitization. In these securitizations, Bluegreen generally retains a portion of the securities and continues to service the securitized notes receivable. Under these arrangements, the cash payments received from obligors on the receivables sold are generally applied monthly to pay fees to service providers, make interest and principal payments to investors, and fund required reserves, if any, with the remaining balance of such cash retained by Bluegreen; however, to the extent the portfolio of receivables fails to satisfy specified performance criteria (as may occur due to, among other things, an increase in default rates or credit loss severity) or other trigger events occur, the funds received from obligors are required to be distributed on an accelerated basis to investors. Depending on the circumstances and the transaction, the application of the accelerated payment formula may be permanent or temporary until the trigger event is cured. As of March 31, 2021, Bluegreen was in compliance with all terms under its securitization transactions, and no trigger events had occurred but there is no assurance that compliance will be maintained in the future. In accordance with applicable accounting guidance for the consolidation of VIEs, Bluegreen analyzes its variable interests, which may consist of loans, servicing rights, guarantees, and equity investments, to determine if an entity in which Bluegreen has a variable interest is a VIE. The analysis includes a review of both quantitative and qualitative factors. Bluegreen bases its quantitative analysis on the forecasted cash flows of the entity and it bases its qualitative analysis on the structure of the entity, including its decision-making ability and authority with respect to the entity, and relevant financial agreements. Bluegreen also uses its qualitative analysis to determine if it must consolidate a VIE as the primary beneficiary. In accordance with applicable accounting guidance, Bluegreen has determined these securitization entities to be VIEs of which it is the primary beneficiary and, therefore, Bluegreen consolidates the entities into its financial statements. Under the terms of certain of Bluegreen’s VOI note sales, Bluegreen has the right to repurchase or substitute a limited amount of defaulted notes for new notes at the outstanding principal balance plus accrued interest. Voluntary repurchases and substitutions by Bluegreen of defaulted notes for the three months ended March 31, 2021 and 2020 were $ 3.8 million and $ 4.3 million, respectively. Bluegreen’s maximum exposure to loss relating to its non-recourse securitization entities is the difference between the outstanding VOI notes receivable and the notes payable, plus cash reserves and any additional residual interest in future cash flows from collateral. The assets and liabilities of Bluegreen’s consolidated VIEs are as follows (in thousands): As of March 31, December 31, 2021 2020 Restricted cash $ 18,297 $ 20,469 Securitized notes receivable, net 269,082 292,021 Receivable backed notes payable - non-recourse 325,317 341,532 The restricted cash and the securitized notes receivable balances disclosed in the table above are restricted to satisfy obligations of the VIEs.

Inventory

Inventory	3 Months Ended
	Mar. 31, 2021
Inventory [Abstract]
Inventory	6. Inventory Bluegreen’s VOI inventory consists of the following (in thousands): As of March 31, December 31, 2021 2020 Completed VOI units $ 264,774 $ 268,686 Construction-in-progress 8,175 — Real estate held for future development 72,141 78,436 Total $ 345,090 $ 347,122

Debt

Debt	3 Months Ended
	Mar. 31, 2021
Debt [Abstract]
Debt	7. Debt Lines-of-Credit and Notes Payable Bluegreen has outstanding borrowings with various financial institutions and other lenders. Financial data related to Bluegreen’s lines of credit and notes payable (other than receivable-backed notes payable, which are discussed below) as of March 31, 2021 and December 31, 2020, were as follows (dollars in thousands): As of March 31, 2021 December 31, 2020 Balance Interest Rate Carrying Amount of Pledged Assets Balance Interest Rate Carrying Amount of Pledged Assets NBA Éilan Loan — — — 15,903 4.75 % 28,491 Fifth Third Syndicated LOC 20,000 2.50 % 37,488 30,000 2.25 % 50,822 Fifth Third Syndicated Term 92,500 2.51 % 173,383 93,750 2.25 % 158,817 Unamortized debt issuance costs ( 1,050 ) — — ( 1,267 ) — — Total $ 111,450 $ 210,871 $ 138,386 $ 238,130 NBA Éilan Loan . In March 2021, Bluegreen repaid in full the outstanding balance at that time of $ 15.6 million on the NBA Éilan Loan. Accordingly, the related unamortized debt issuance costs of $ 0.2 million were written off during the first quarter of 2021. Except as described above, there were no new debt issuances or significant changes related to the above listed lines-of-credit or notes payable during the three ended months March 31, 2021. See Note 10 to the Company’s Consolidated Financial Statements included in its 2020 Annual Report on Form 10-K for additional information regarding these lines-of-credit and notes payable. Receivable-Backed Notes Payable Financial data related to Bluegreen’s receivable-backed notes payable facilities as of March 31, 2021 and December 31, 2020 was as follows (dollars in thousands): As of March 31, 2021 December 31, 2020 Debt Balance Interest Rate Principal Balance of Pledged/ Secured Receivables Debt Balance Interest Rate Principal Balance of Pledged/ Secured Receivables Receivable-backed notes payable - recourse: Liberty Bank Facility $ 10,000 3.40 % $ 13,799 $ 10,000 3.40 % $ 13,970 NBA Receivables Facility 15,975 3.00 % 21,616 19,877 3.32 % 26,220 Pacific Western Facility 10,000 3.04 % 13,661 8,623 3.15 % 13,131 Total 35,975 49,076 38,500 53,321 Receivable-backed notes payable - non-recourse: Liberty Bank Facility (1) $ 4,341 3.40 % $ 5,990 $ 2,316 3.40 % $ 3,235 NBA Receivables Facility (2) 24,752 3.00 % 33,492 11,985 3.32 % 15,809 Pacific Western Facility (3) 10,523 3.04 % 14,375 — — — KeyBank/DZ Purchase Facility 10,867 2.50 % 13,101 — — — Quorum Purchase Facility 27,130 4.75 - 5.10 % 31,567 29,788 4.75 - 5.10 % 34,651 2013 Term Securitization 10,294 3.20 % 11,855 11,922 3.20 % 13,483 2015 Term Securitization 20,340 3.02 % 22,181 22,560 3.02 % 24,475 2016 Term Securitization 32,684 3.35 % 36,973 35,700 3.35 % 40,221 2017 Term Securitization 47,750 3.12 % 54,725 51,470 3.12 % 58,907 2018 Term Securitization 66,947 4.02 % 78,320 72,486 4.02 % 84,454 2020 Term Securitization 114,744 2.60 % 129,713 123,600 2.60 % 139,052 Unamortized debt issuance costs ( 5,439 ) --- — ( 5,994 ) --- — Total 364,933 432,292 355,833 414,287 Total receivable-backed debt $ 400,908 $ 481,368 $ 394,333 $ 467,608 (1) Recourse on the Liberty Bank Facility is limited to $ 10.0 million, subject to certain exceptions. (2) Recourse to Bluegreen/Big Cedar Vacations was reduced to $ 16.0 million as of March 31, 2021 and will be reduced by $ 1.3 million per month until it reaches a floor of $ 10.0 million. (3) Recourse on the Pacific Western Facility is limited to $ 10.0 million, subject to certain exceptions. There were no new debt issuances or significant changes related to the above listed facilities during the three months ended March 31, 2021. See Note 10 to the Company’s Consolidated Financial Statements included in its 2020 Annual Report on Form 10-K for additional information regarding the receivable-backed notes payable facilities. Junior Subordinated Debentures Financial data relating to the Company’s junior subordinated debentures as of March 31, 2021 and December 31, 2020 was as follows (dollars in thousands): March 31, 2021 December 31, 2020  Effective Effective  Carrying Interest Carrying Interest Maturity  Amounts Rates (1) Amounts Rates (1) Years (2) Woodbridge - Levitt Capital Trusts I - IV $ 66,302 4.01 - 4.05 % $ 66,302 4.01 - 4.04 % 2035 - 2036 Bluegreen Statutory Trusts I - VI 104,777 5.01 - 5.10 % 110,827 5.01 - 5.12 % 2035 - 2037 Unamortized debt issuance costs ( 1,039 ) ( 1,057 ) Unamortized purchase discount ( 35,649 ) ( 37,895 ) Total junior subordinated debentures $ 134,391 $ 138,177 (1) The Company’s junior subordinated debentures bear interest at three-month LIBOR (subject to quarterly adjustment) plus a spread ranging from 3.80 % to 4.90 %. (2) All of the junior subordinated debentures were eligible for redemption by Woodbridge Holding Corporation (“Woodbridge”) and Bluegreen, as applicable, as of March 31, 2021 and December 31, 2020. Woodbridge is a wholly owned subsidiary of BVH through which it holds its investments in Bluegreen. During February 2021, Bluegreen purchased approximately $ 4.0 million of BST II trust preferred securities (par value of $ 6.1 million) for approximately $ 4.0 million and delivered such securities to the trust in exchange for the cancellation of par value of $ 6.1 million of Bluegreen’s junior subordinated debentures held by BST II. Availability As of March 31, 2021, BVH and its subsidiaries were in compliance with all financial debt covenants under its debt instruments. As of March 31, 2021, Bluegreen had availability of approximately $ 271.4 million under its receivable-backed purchase and credit facilities, inventory lines of credit and corporate credit line, subject to eligible collateral and the terms of the facilities, as applicable. Note Payable to BBX Capital In connection with its spin-off of BBX Capital in September 2020, BVH issued a $ 75.0 million note payable to BBX Capital that accrues interest at a rate of 6 % per annum and requires payments of interest on a quarterly basis. Under the terms of the note, BVH has the option in its discretion to defer interest payments under the note, with interest on the outstanding balance thereafter to accrue at a compounded rate of 8 % per annum until such time as BVH is current on all accrued payments under the note, including deferred interest. All outstanding amounts will become due and payable in five years or earlier upon certain other events. As of March 31, 2021, and December 31, 2020, $ 1.1 million was included in other liabilities as accrued interest payable in the Company’s unaudited consolidated balance sheet in connection with this note payable.

Fair Value Of Financial Instrum

Fair Value Of Financial Instruments	3 Months Ended
	Mar. 31, 2021
Fair Value Of Financial Instruments [Abstract]
Fair Value Of Financial Instruments	8. Fair Value of Financial Instruments ASC 820 Fair Value Measurements and Disclosures (Topic 820) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The inputs used to measure fair value are classified into the following hierarchy: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities Level 2: Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability Level 3: Unobservable inputs for the asset or liability The carrying amounts of financial instruments included in the consolidated financial statements and their estimated fair values as of March 31, 2021 and December 31, 2020 were as follows (in thousands): As of March 31, 2021 As of December 31, 2020 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Cash and cash equivalents $ 199,150 $ 199,150 $ 221,118 $ 221,118 Restricted cash 40,736 40,736 35,986 35,986 Notes receivable, net 401,564 545,870 409,349 549,819 Note payable to BBX Capital, Inc. 75,000 77,720 75,000 78,218 Lines-of-credit, notes payable, and receivable-backed notes payable 512,358 518,300 532,719 547,400 Junior subordinated debentures 134,391 120,000 138,177 133,500 Cash and cash equivalents. The amounts reported in the unaudited consolidated balance sheets for cash and cash equivalents approximate fair value. Restricted cash. The amounts reported in the unaudited consolidated balance sheets for restricted cash approximate fair value. Notes receivable, net. The fair value of Bluegreen’s notes receivable is estimated using Level 3 inputs and is based on estimated future cash flows considering contractual payments and estimates of prepayments and defaults, discounted at a market rate. Note Payable to BBX Capital. The fair value of the note payable to BBX Capital was determined using Level 3 inputs by discounting the net cash outflows estimated to be used to repay the debt. Lines-of-credit, notes payable, and receivable-backed notes payable. The amounts reported in the Company’s unaudited consolidated balance sheets for lines of credit, notes payable, and receivable-backed notes payable, approximate fair value for indebtedness that provides for variable interest rates. The fair value of the Company’s fixed-rate, receivable-backed notes payable was determined using Level 3 inputs by discounting the net cash outflows estimated to be used to repay the debt. These obligations are to be satisfied using the proceeds from the consumer loans that secure the obligations. Junior subordinated debentures. The fair value of the Company’s junior subordinated debentures is estimated using Level 3 inputs based on the contractual cash flows discounted at a market rate or based on market price quotes from the over-the-counter bond market.

Commitments And Contingencies

Commitments And Contingencies	3 Months Ended
	Mar. 31, 2021
Commitments And Contingencies [Abstract]
Commitments And Contingencies	9. Commitments and Contingencies Litigation Matters In the ordinary course of business, BVH and its subsidiaries are parties to lawsuits as plaintiff or defendant involving its operations and activities. Bluegreen is subject to claims or proceedings from time to time relating to the purchase, sale, marketing, or financing of VOIs and other business activities. Additionally, from time to time in the ordinary course of business, the Company is involved in disputes with existing and former employees, vendors, taxing jurisdictions, and other individuals and entities, and it also receives individual consumer complaints as well as complaints received through regulatory and consumer agencies, including Offices of State Attorneys General. The Company takes these matters seriously and attempts to resolve any such issues as they arise. The Company may also become subject to litigation related to the COVID-19 pandemic, including with respect to any actions the Company takes as a result thereof. Reserves are accrued for matters in which management believes it is probable that a loss will be incurred and the amount of such loss can be reasonably estimated. Management does not believe that the aggregate liability relating to known contingencies in excess of the aggregate amounts accrued will have a material impact on the Company’s results of operations or financial condition. However, litigation is inherently uncertain and the actual costs of resolving legal claims, including awards of damages, may be substantially higher than the amounts accrued for these claims and may have a material adverse impact on the Company’s results of operations or financial condition. Management is not at this time able to estimate a range of reasonably possible losses with respect to matters in which it is reasonably possible that a loss will occur. In certain matters, management is unable to estimate the loss or reasonable range of loss until additional developments provide information sufficient to support an assessment of the loss or range of loss. Frequently in these matters, the claims are broad and the plaintiffs have not quantified or factually supported their claim. BVH Litigation As of March 31, 2021, there were no material pending legal proceedings against BVH or its subsidiaries other than those involving Bluegreen as described below. Bluegreen Litigation The following is a description of certain material pending legal proceedings involving Bluegreen: On September 22, 2017, Stephen Potje, Tamela Potje, Sharon Davis, Beafus Davis, Matthew Baldwin, Tammy Baldwin, Arnor Lee, Angela Lee, Gretchen Brown, Paul Brown, Jeremy Estrada, Emily Estrada, Michael Oliver, Carrie Oliver, Russell Walters, Elaine Walters, and Mike Ericson, individually and on behalf of all other similarly situated , filed a purported class action lawsuit against Bluegreen which asserts claims for alleged violations of the Florida Deceptive and Unfair Trade Practices Act and the Florida False Advertising Law. In the complaint, the plaintiffs alleged the making of false representations in connection with Bluegreen’s sales of VOIs. The purported class action lawsuit was dismissed without prejudice after mediation. However, during April 2018, plaintiffs re-filed their individual claims in Palm Beach County Circuit Court. Subsequently on October 15, 2019, the Court entered an order granting summary judgment in favor of Bluegreen and dismissed all claims. Bluegreen has moved for reimbursement of its attorneys’ fees. Plaintiffs have appealed the summary judgment order. On February 28, 2018, Oscar Hernandez and Estella Michael filed purported class action litigation in San Bernardino Superior Court against B luegreen Vacations Unlimited (“BVU”), Bluegreen’s wholly owned subsidiary . The central claims in the complaint, as amended during June 2018, included alleged failures to pay overtime and wages at termination and to provide meal and rest periods, as well as claims relating to non-compliant wage statements and unreimbursed business expenses; and a claim under the Private Attorney’s General Act. Plaintiffs seek to represent a class of approximately 660 hourly, non-exempt employees who worked in the state of California since March 1, 2014. In April 2019, the parties mediated and agreed to settle the matter for an immaterial amount. Final approval of the settlement was entered by the court on January 21, 2021. Full payment was made in February 2021 and all obligations have been satisfied. On June 28, 2018, Melissa S. Landon, Edward P. Landon, Shane Auxier and Mu Hpare, individually and on behalf of all others similarly situated, filed a purported class action lawsuit against Bluegreen and BVU asserting claims for alleged violations of the Wisconsin Timeshare Act, Wisconsin law prohibiting illegal referral selling, and Wisconsin law prohibiting illegal attorney’s fee provisions. Plaintiffs allegations include that Bluegreen failed to disclose the identity of the seller of real property at the beginning of Bluegreen’s initial contact with the purchaser; that Bluegreen misrepresented who the seller of the real property was; that Bluegreen misrepresented the buyer’s right to cancel; that Bluegreen included an illegal attorney’s fee provision in the sales document(s); that Bluegreen offered an illegal “today only” incentive to purchase; and that Bluegreen utilized an illegal referral selling program to induce the sale of VOIs. Plaintiffs seek certification of a class consisting of all persons who, in Wisconsin, purchased from Bluegreen one or more VOIs within six years prior to the filing of this lawsuit. Plaintiffs seek statutory damages, attorneys’ fees and injunctive relief. Bluegreen moved to dismiss the case, and on November 27, 2019, the Court issued a ruling granting the motion in part. Bluegreen has answered the remaining claims and discovery is ongoing. Bluegreen believes the lawsuit is without merit and intends to vigorously defend the action. On January 7, 2019, Shehan Wijesinha filed a purported class action lawsuit alleging violations of the Telephone Consumer Protection Act (the “TCPA”). It is alleged that BVU called plaintiff’s cell phone for telemarketing purposes using an automated dialing system, and that plaintiff did not give BVU his express written consent to do so. Plaintiff seeks certification of a class comprised of other persons in the United States who received similar calls from or on behalf of BVU without the person’s consent. Plaintiff seeks monetary damages, attorneys’ fees and injunctive relief. Bluegreen believes the lawsuit is without merit and intends to vigorously defend the action. On July 15, 2019, the court entered an order staying this case pending a ruling from the Federal Communications Commission clarifying the definition of an automatic telephone dialing system under the TCPA and the decision of the Eleventh Circuit in a separate action brought against a VOI company by a plaintiff alleging violations of the TCPA. On January 7, 2020, the Eleventh Circuit issued a ruling consistent with BVU’s position , and on June 26, 2020, the FCC also issued a favorable ruling. The case was stayed pending the United States Supreme Court’s decision in Facebook, Inc. v. Duguid, which issued a ruling favorable to Bluegreen’s position on April 1, 2021. Bluegreen believes the Facebook ruling disposes of the plaintiff’s claim and filings have been made with the court seeking dismal of the case. On July 18, 2019, Eddie Boyd, et al. filed an action alleging that BVU and co-defendants violated the Missouri Merchandise Practices Act for allegedly making false statements and misrepresentations with respect to the sale of VOIs. Plaintiffs further have filed a purported class action allegation that BVU’s charging of an administrative processing fee constitutes the unauthorized practice of law, and have also asserted that Bluegreen and its outside counsel engaged in abuse of process by filing a lawsuit against plaintiffs’ counsel (The Montgomery Law Firm). Plaintiffs seek monetary damages, attorneys’ fees and injunctive relief. On August 31, 2020, the court certified a class regarding the unauthorized practice of law claim and dismissed the claims regarding abuse of process. On January 11, 2021, the Court issued an order that the class members are not entitled to rescission of their contracts because they failed to plead fraud in the inducement. Discovery is ongoing. Bluegreen believes the lawsuit is without merit and intends to move to decertify the class. On July 7, 2020, Robert Barban and approximately 172 other plaintiffs filed an action against Bluegreen’s subsidiaries, Bluegreen Resorts Management, Inc. (“BRM”) and Vacation Trust, Inc. (“VTI”), seeking a financial review. Plaintiffs allege that the allocation system in place does not allow them to freely and easily use, occupy, and enjoy the accommodations and facilities. They also allege that BRM has unreasonably escalated operating costs and that VTI failed to protect the plaintiffs from these costs. On April 14, 2021, the court entered an order dismissing the case without prejudice. On July 14, 2020, Kenneth Johansen, individually and on behalf of all others similarly situated, filed a purported class action against BVU for alleged violations of the TCPA. Specifically, the named plaintiff alleges that he received numerous telemarketing calls from BVU while he was on the National Do Not Call Registry. Bluegreen filed a motion to dismiss, and plaintiff in response filed an amended complaint on September 18, 2020. On February 18, 2021, plaintiff filed a motion for class certification seeking to certify a class of thousands of individual proposed class members. On April 15, 2021 a court ordered mediation was conducted at which time the parties were not able to resolve the lawsuit. Discovery is ongoing. Bluegreen intends to oppose the class certification and vigorously defend the action. On August 30, 2020, over 100 VOI owners at The Manhattan Club (“TMC”) sued BVU and certain unaffiliated entities (the “Non-Bluegreen Defendants”). The complaint included claims arising out of alleged misrepresentations made during the sale of VOIs at TMC and certain post-sale operational practices, including allegedly charging owners excessive annual maintenance fees and implementing reservation policies that restrict the ability of VOI owners to use their points to access the resort while allowing the general public to make reservations. The plaintiffs assert in the complaint that Bluegreen acquired operational control of TMC from the Non-Bluegreen Defendants in 2018 and assumed joint liability for any prior wrongdoing by them. Bluegreen believes this assertion to be erroneous and that the claims against BVU are without merit. On March 15, 2018, BVU entered into an Agreement for Purchase and Sale of Assets with T. Park Central, LLC, O. Park Central, LLC, and New York Urban Ownership Management, LLC, (collectively “New York Urban”) (“Purchase and Sale Agreement”), which provided for the purchase of The Manhattan Club inventory over a number of years and the management contract for The Manhattan Club Association, Inc. On October 7, 2019, New York Urban initiated arbitration proceedings against BVU alleging that The Manhattan Club Association, Inc. (of which BVU was a member) was obligated to pay an increased management fee to a New York Urban affiliate and that this higher amount would be the benchmark for BVU’s purchase of the management contract under the parties’ Purchase and Sale Agreement. New York Urban also sought damages in the arbitration proceedings in excess of $10 million for promissory estoppel and tortious interference. On November 19, 2019, the parties participated in mediation but did not resolve the matter. On November 20, 2019, New York Urban sent a letter to BVU advising that it was: (1) withdrawing its arbitration demand; (2) notifying the Board that it was not seeking to execute the proposed amendment to the Management Agreement that was originally sent to Bluegreen on April 24, 2019; and (3) was not going to pay itself a management fee for the 2020 operating year in an amount exceeding the 2019 operating year (i.e., $6.5 million). On November 21, 2019, BVU sent New York Urban a Notice of Termination of the Purchase and Sale Agreement. On November 25, 2019, New York Urban sent its own Notice of Termination and a separate letter containing an offer to compromise if BVU resigned its position on the Board and permitted New York Urban to enforce its rights to the collateral. On November 29, 2019, BVU accepted the offer and on December 18, 2019, BVU provided New York Urban with resignations of its members on the Board of Directors. On April 2, 2021, New York Urban initiated new arbitration proceedings against BVU, alleging it is owed over $70 million for periodic inventory closings that have not occurred since the Purchase and Sale Agreement was terminated or that will not occur because of the termination. New York Urban also seeks over $50 million because, due to the Purchase and Sale Agreement’s termination, the closing on the management contract will not occur. Bluegreen believes this new claim is without merits. Commencing in 2015, it came to Bluegreen’s attention that its collection efforts with respect to its VOI notes receivable were being impacted by a then emerging, industry-wide trend involving the receipt of  “cease and desist” letters from exit firms and attorneys purporting to represent certain VOI owners. Following receipt of these letters, Bluegreen is unable to contact the owners unless allowed by law. Bluegreen believes these exit firms have encouraged such owners to become delinquent and ultimately default on their obligations and that such actions and its inability to contact the owners have been a material factor in the increase in its annual default rates. Bluegreen’s average annual default rates have increased from 6.9 % in 2015 to 9.6 % to date in 2021. Bluegreen also estimates that approximately 11.9 % of the total delinquencies on its VOI notes receivable as of March 31, 2021 related to VOI notes receivable subject to this issue. Bluegreen has in a number of cases pursued, and may in the future pursue, legal action against the VOI owners, and as described below, against the exit firms. On November 13, 2019, Bluegreen filed a lawsuit against timeshare exit firm The Montgomery Law Firm and certain of its affiliates. In the complaint, Bluegreen alleged that through various forms of deceptive advertising, as well as inappropriate direct contact with VOI owners, such firm and its affiliates made false statements about Bluegreen and provided misleading information to the VOI owners and encouraged nonpayment by consumers. Bluegreen believes the consumers are paying fees to the firm and its affiliates in exchange for illusory services. Bluegreen has asserted claims under the Lanham Act, as well as tortious interference with contractual relations, civil conspiracy to commit tortious interference and other claims. Defendants’ motion to dismiss was denied. Discovery is ongoing. On November 13, 2020, Bluegreen filed a lawsuit against timeshare exit firm, Carlsbad Law Group, LLP, and certain of its associated law firms and affiliates. On December 30, 2020, Bluegreen filed a lawsuit against timeshare exit firm, The Molfetta Law Firm, and certain of its associated law firms and affiliates. In both of these actions, Bluegreen makes substantially the same claims against the timeshare exit firms and its associated law firms and affiliates as those made in its action against The Montgomery Law Firm described above. Discovery is ongoing in both actions. Other Commitments, Contingencies and Guarantees Bluegreen, indirectly through BVU has an exclusive marketing agreement with Bass Pro, a nationally-recognized retailer of fishing, marine, hunting, camping and sports gear, that provides it with the right to market and sell vacation packages at kiosks in each of Bass Pro’s retail locations and through other means. Pursuant to a settlement agreement Bluegreen entered into with Bass Pro and its affiliates during June 2019, Bluegreen paid Bass Pro $ 20.0 million and agreed to, among other things, make five annual payments to Bass Pro of $ 4.0 million in January of each year, commencing in 2020. Bluegreen made two annual payments of $ 4.0 million to Bass Pro during both January 2020 and 2021. As of March 31, 2021 and December 31, 2020, $ 10.9 and $ 14.7 million was accrued in accrued liabilities and other in the unaudited consolidated balance sheet, for the remaining payments required by the settlement agreement. During the three months ended March 31, 2021 and 2020, VOI sales to prospects and leads generated by the agreement with Bass Pro accounted for approximately 13 % and 10 %, respectively, of Bluegreen’s VOI sales volume. Subject to the terms and conditions of the settlement agreement, Bluegreen will generally be required to pay the fixed annual fee with respect to at least 59 Bass Pro retail stores and a minimum number of Cabela’s retail stores that increases over time to a total of at least 60 Cabela’s retail stores by the end of 2021. In January 2021, Bluegreen paid $ 6.9 million for this fixed fee, of which $ 5.2 million was prepaid and is included in the Company’s unaudited consolidated balance sheet as of March 31, 2021. During the three months ended March 31, 2021 and 2020, Bluegreen expensed $ 1.7 million and $ 1.4 million, respectively, for this fixed fee, which is included in selling, general and administrative expenses in the Company’s unaudited consolidated statements of operations and comprehensive income. Notwithstanding the foregoing, the minimum number of Bass Pro and Cabela’s retail stores for purposes of the fixed annual fee may be reduced under certain circumstances set forth in the agreement, including as a result of a reduction of traffic in the stores in excess of 25 % year-over-year. As of March 31, 2021, Bluegreen had sales and marketing operations at a total of 105 Bass Pro Shops and Cabela’s Stores. In December 2019, Bluegreen’s then-serving President and Chief Executive Officer resigned. In connection with his resignation, Bluegreen agreed to make payments totaling $ 3.5 million over a period of 18 months, $ 0.6 million of which remained payable as of March 31, 2021. In lieu of paying maintenance fees for unsold VOI inventory, Bluegreen may enter into subsidy agreements with certain HOAs. During the three months ended March 31, 2021 and 2020, Bluegreen made subsidy payments related to such subsidies of $ 1.6 million and $ 1.9 million, respectively, which are included in cost of other fee-based services in the Company’s unaudited consolidated statements of operations and comprehensive income. As of March 31, 2021, Bluegreen had $ 4.7 million accrued for such subsidies, which is included in accrued liabilities and other in the unaudited consolidated balance sheet as of such date. As of December 31, 2020, Bluegreen had no accrued liabilities for such subsidies.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Taxes [Abstract]
Income Taxes	10. Income Taxes BVH and its subsidiaries file a consolidated U.S. federal income tax return and income tax returns in various state and foreign jurisdictions. With certain exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2017 for federal returns and 2016 for state returns. The Company’s effective income tax rate was approximately 29 % and 15 % during the three months ended March 31, 2021 and 2020, respectively. Effective income tax rates for interim periods are based upon the Company’s then current estimated annual rate. The effective income tax rate varies based upon the estimate of taxable earnings as well as on the mix of taxable earnings in the various states in which the Company and its subsidiaries operate. As such, the Company’s effective tax rates for the 2021 and 2020 periods reflect an estimate of the effect of the COVID-19 pandemic on its annual taxable earnings, state taxes, non-deductible items and changes in valuation allowance on deferred tax assets for each respective year. Certain of the Company’s state filings are under routine examination. While there is no assurance as to the results of these audits, the Company does not currently anticipate any material adjustments in connection with these examinations. In May 2015, BVH entered into Agreement to Allocate Consolidated Income Tax Liability and Benefits with Bluegreen, and its other subsidiaries at the time pursuant to which, among other customary terms and conditions, the parties agreed to file consolidated federal tax returns. Under the agreement, the parties calculate their respective income tax liabilities and attributes as if each of them was a separate filer. If any tax attributes are used by another party to the agreement to offset its tax liability, the party providing the benefit will receive an amount for the tax benefits realized. BVH received $ 11.2 million during the three months ended March 31, 2021 pursuant to the Agreement. BVH did no t make or receive any payments under the Agreement during the three months ended March 31, 2020. In connection with BVH’s spin-off of BBX Capital on September 30, 2020, the Agreement was terminated with respect to the subsidiaries of BVH other than Woodbridge and Bluegreen. As of March 31, 2021, the Company did no t have any significant amounts accrued for interest and penalties or recorded for uncertain tax positions.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	11. Related Party Transactions BVH may be deemed to be controlled by Alan B. Levan, Chairman, Chief Executive Officer and President of BVH and Bluegreen, John E. Abdo, Vice Chairman of BVH and Bluegreen, Jarett S. Levan, a director of BVH and Bluegreen and former President of BVH, and Seth M. Wise, a director of Bluegreen and former Executive Vice President and director of BVH. Together, they may be deemed to beneficially own shares of BVH’s Class A Common Stock and Class B Common Stock representing approximately 79 % of BVH’s total voting power. In addition, Raymond S. Lopez, BVH’s Executive Vice President and Chief Financial Officer, also serves as Bluegreen’s Chief Financial Officer and Chief Operating Officer. Mr. Alan Levan, Mr. Abdo and Mr. Lopez receive a significant portion of their compensation from Bluegreen on behalf of BVH and Bluegreen. Further, in connection with the spin-off of BBX Capital during September 2020, Mr. Jarett Levan became the Chief Executive Officer and President and a director of BBX Capital, Mr. Alan Levan became the Chairman of BBX Capital, Mr. Abdo became Vice Chairman of BBX Capital and Seth M. Wise became Executive Vice President and a director of BBX Capital. Mr. Alan Levan, Mr. Abdo, Mr. Jarett Levan and Mr. Wise may also be deemed to control BBX Capital Inc. through their ownership of BBX Capital’s Class A Common Stock and Class B Common Stock. See also “Our Business” under Note 1 above for information regarding the statutory short-form merger effected on May 5, 2021, pursuant to which BVH acquired all of the approximately 7% of the outstanding shares of Bluegreen’s common stock that BVH did not previously beneficially own and Bluegreen became a wholly owned subsidiary of BVH. Bluegreen paid or reimbursed BVH $ 0.1 million and $ 0.4 million during the three months ended March 31, 2021 and 2020, respectively for management advisory, risk management, administrative and other services. BVH had $ 0.3 million in accrued expenses for the services described above as of March 31, 2021. There were no amounts accrued for such services as of December 31, 2020. During the three months ended March 31, 2021 and 2020, the Company paid Abdo Companies, Inc. $ 38,000 and $ 77,000 , respectively, in exchange for certain management services. John E. Abdo, the Company’s Vice Chairman, is the principal shareholder and Chief Executive Officer of Abdo Companies, Inc. In connection with its spin-off of BBX Capital, BVH issued a $ 75.0 million note payable to BBX Capital. See Note 7 for a description of the terms of BVH’s note payable to BBX Capital. In connection with the spin-off, BVH also entered into a Transition Services Agreement, Tax Matters Agreement and Employee Matters Agreement with BBX Capital. The Transition Services Agreement generally sets out the respective rights, responsibilities and obligations of BVH and BBX Capital with respect to the support services to be provided to one another after the spin-off, as may be necessary to ensure an orderly transition. The Transition Services Agreement establishes a baseline charge for certain categories or components of services to be provided, which will be at cost unless the parties mutually agree to a different charge. The Transition Services Agreement was effective on September 30, 2020 and will continue for a minimum term of one year , provided that after that year, BVH or BBX Capital may terminate the Transition Services Agreement with respect to any or all services provided thereunder at any time upon thirty days prior written notice to the other party. Either party may renew or extend the term of the Transition Services Agreement with respect to the provision of any service which has not been previously terminated. During the three months ended March 31, 2021, BBX Capital reimbursed BVH $ 0.2 million under this agreement. The Tax Matters Agreement generally sets out the respective rights, responsibilities, and obligations of BVH and BBX Capital with respect to taxes (including taxes arising in the ordinary course of business and taxes incurred as a result of the spin-off), tax attributes, tax returns, tax contests, and certain other related tax matters. The Tax Matters Agreement allocates responsibility for the preparation and filing of certain tax returns (and the payment of taxes reflected thereon). Under the Tax Matters Agreement, BVH will generally be liable for its own taxes and taxes of all of its subsidiaries (other than the taxes of BBX Capital and its subsidiaries, for which BBX Capital shall be liable) for all tax periods (or portion thereof) ending on September 30, 2020, the effective date of the spin-off. BBX Capital will be responsible for its taxes, including for taxes of its subsidiaries, as well as for taxes of BVH arising as a result of the spin-off (including any taxes resulting from an election under Section 336(e) of the Internal Revenue Code of 1986, as amended (the “Code”) in connection with the spin-off). BBX Capital, Inc. will bear liability for any transfer taxes incurred in the spin-off. Each of BVH and BBX Capital will indemnify each other against any taxes to the extent paid by one party but allocated to the other party under the Tax Matters Agreement, or arising from any breach of its covenants thereunder, and related out-of-pocket costs and expenses. See also the description of the Agreement to Allocate Consolidated Income Tax Liability and Benefits under Note 10: Income Taxes above.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Segment Reporting	12. Segment Reporting Operating segments are defined as components of an enterprise about which separate financial information is available that is regularly reviewed by the chief operating decision maker (“CODM”) in assessing performance and deciding how to allocate resources. Reportable segments consist of one or more operating segments with similar economic characteristics, products and services, production processes, type of customer, distribution system or regulatory environment. As a result of the spin-off of BBX Capital on September 30, 2020, BVH is a Bluegreen holding company and BVH’s CODM, who is also Bluegreen’s CODM, has determined that he will manage BVH’s operations in a manner consistent with how he manages Bluegreen’s operations. As a result, the Company’s results of operations are reported through two reportable segments: (i) Sales of VOIs and financing; and (ii) Resort operations and club management. The sales of VOIs and financing segment includes Bluegreen’s marketing and sales activities related to the VOIs that Bluegreen owns, Bluegreen’s VOIs they acquire under just-in-time and secondary market inventory arrangements, Bluegreen’s sales of VOIs through fee-for-service arrangements with third-party developers, Bluegreen’s consumer financing activities in connection with sales of VOIs that Bluegreen owns, and Bluegreen’s title services operations through a wholly owned subsidiary. The Resort operations and club management segment includes Bluegreen’s provision of management services activities for Bluegreen’s Vacation Club and for a majority of the HOAs of the resorts within Bluegreen’s Vacation Club. In connection with those services, Bluegreen also provides club reservation services, services to owners and billing and collections services to the Bluegreen Vacation Club and certain HOAs. Additionally, this segment includes revenue from Bluegreen’s Traveler Plus program, food and beverage and other retail operations, Bluegreen’s rental services activities, and management of construction activities for certain of Bluegreen’s fee-based developer clients. The amount set forth in the column “Bluegreen Corporate and Other” and in the column entitled “BVH Corporate” are general and administrative expenses that consist primarily of costs associated with administering the various support functions at its corporate headquarters, including executive compensation, legal, accounting, human resources, investor relations, and executive offices, including corporate overhead for discontinued operations. The information provided for segment reporting is obtained from internal reports utilized by management. The presentation and allocation of results of operations may not reflect the actual economic costs of the segments as standalone businesses. Due to the nature of the Company’s business, assets are not allocated to a particular segment, and therefore management does not evaluate the balance sheet by segment. If a different basis of allocation were utilized, the relative contributions of the segments might differ but the relative trends in the segments’ operating results would, in management’s view, likely not be impacted. The table below sets forth the Company’s segment information for the three months ended March 31, 2021 (in thousands): Sales of VOIs and financing Resort operations and club management Bluegreen Corporate and other BVH Corporate Elimination Total Revenue: Sales of VOIs $ 55,931 $ — $ — $ — $ — $ 55,931 Fee-based sales commission revenue 25,718 — — — — 25,718 Other fee-based services revenue 2,274 26,623 — — — 28,897 Cost reimbursements — 16,608 — — — 16,608 Mortgage servicing revenue 1,311 — — — ( 1,311 ) — Interest income 19,128 — 77 56 — 19,261 Other income, net — — — — — — Total revenue 104,362 43,231 77 56 ( 1,311 ) 146,415 Costs and expenses: Cost of VOIs sold 5,169 — — — — 5,169 Net carrying cost of VOI inventory 7,780 — — — ( 7,780 ) — Cost of other fee-based services 719 8,586 — — 7,780 17,085 Cost reimbursements — 16,608 — — — 16,608 Selling, general and administrative expenses 65,654 — 24,655 812 ( 157 ) 90,964 Mortgage servicing expense 1,154 — — — ( 1,154 ) — Interest expense 4,163 — 3,753 1,819 — 9,735 Other expense, net — — 214 ( 53 ) 161 Total costs and expenses 84,639 25,194 28,622 2,578 ( 1,311 ) 139,722 Income (loss) before non-controlling interest and provision for income taxes $ 19,723 $ 18,037 $ ( 28,545 ) $ ( 2,522 ) $ — $ 6,693 Add: Depreciation and amortization 1,405 196 Segment Adjusted EBITDA (1) $ 21,128 $ 18,233 (1) See Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA, including the definition of Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income. The table below sets forth the Company’s segment information for the three months ended March 31, 2020 (in thousands): Sales of VOIs and financing Resort operations and club management Bluegreen Corporate and other BVH Corporate Elimination Total Revenue: Sales of VOIs $ 45,128 $ — $ — $ — $ — $ 45,128 Fee-based sales commission revenue 41,365 — — — — 41,365 Other fee-based services revenue 2,723 26,591 — — — 29,314 Cost reimbursements — 19,120 — — — 19,120 Mortgage servicing revenue 1,595 — — — ( 1,595 ) — Interest income 20,148 — 1,718 534 ( 1,200 ) 21,200 Other income, net — — 133 37 — 170 Total revenue 110,959 45,711 1,851 571 ( 2,795 ) 156,297 Costs and expenses: Cost of VOIs sold 4,099 — — — — 4,099 Net carrying cost of VOI inventory 7,914 — — — ( 7,914 ) — Cost of other fee-based services 1,470 12,327 — — 7,914 21,711 Cost reimbursements — 19,120 — — — 19,120 Selling, general and administrative expenses 83,138 — 19,234 8,288 ( 175 ) 110,485 Mortgage servicing expense 1,420 — — — ( 1,420 ) — Interest expense 4,664 — 4,154 2,280 ( 1,200 ) 9,898 Total costs and expenses 102,705 31,447 23,388 10,568 ( 2,795 ) 165,313 Income (loss) before non-controlling interest and provision for income taxes $ 8,254 $ 14,264 $ ( 21,537 ) $ ( 9,997 ) $ — $ ( 9,016 ) Add: Depreciation and amortization 1,559 190 Add: Severance 2,563 1,134 Segment Adjusted EBITDA (1) $ 12,376 $ 15,588 (1) See Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA including, the definition of Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income.

Noncontrolling Interests

Noncontrolling Interests	3 Months Ended
	Mar. 31, 2021
Noncontrolling Interests [Abstract]
Noncontrolling Interests	13. Noncontrolling Interests Noncontrolling interests in the Company’s consolidated subsidiaries consisted of the following (in thousands): March 31, December 31, 2021 2020 Bluegreen (1) $ 23,185 $ 22,821 Bluegreen/Big Cedar Vacations (2) 54,192 52,026 Total noncontrolling interests $ 77,377 $ 74,847 (1) The Company owns approximately 93 % of Bluegreen as of March 31, 2021. (2) Bluegreen owns 51 % of Bluegreen/Big Cedar Vacations. During the three months ended March 31, 2021, Bluegreen did no t repurchase or retire any shares of its common stock. During the three months ended March 31, 2020, Bluegreen repurchased 1,878,400 shares of its common stock for $ 11.7 million, in a private transaction and retired those shares. Income attributable to noncontrolling interests from continuing operations consisted of the following (in thousands): For the Three Months Ended March 31, 2021 2020 Bluegreen $ 364 $ 215 Bluegreen/Big Cedar Vacations 2,166 736 Net income attributable to noncontrolling interest - continuing operations $ 2,530 $ 951

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2021
Discontinued Operations [Abstract]
Discontinued Operations	14. Discontinued Operations On September 30, 2020, BVH completed the spin-off its formerly wholly owned subsidiary, BBX Capital. BVH continues to hold its investment in Bluegreen, and BBX Capital became a separate public company as a result of the spin-off and holds all of the other businesses and investments previously owned by BVH, including BBX Capital Real Estate, BBX Sweet Holdings, and Renin. BVH no longer holds any interest in BBX Capital. BBX Capital and its subsidiaries’ operations are presented as discontinued operations in the Company’s financial statements. As of March 31, 2021 and December 31, 2020, there were no carrying amounts of major classes of assets and liabilities included as part of discontinued operations. The major components of loss from discontinued operations are as follows (in thousands): For the Three Months Ended March 31, 2021 2020 Revenues: Trade sales $ — $ 40,877 Sales of real estate inventory — 6,439 Interest income — 116 Net gains on sales of real estate assets — ( 46 ) Other revenue — 598 Total revenues — 47,984 Costs and Expenses: Cost of trade sales — 29,772 Cost of real estate inventory sold — 4,632 Interest expense — ( 65 ) Recoveries from loan losses, net — ( 3,512 ) Impairment losses — 28,283 Selling, general and administrative expenses — 17,368 Total costs and expenses — 76,478 Equity in net earnings (losses) of unconsolidated real estate joint ventures — 551 Foreign exchanges gain — 278 Other income — 36 (Loss) income from discontinued operations before income taxes $ — $ ( 27,629 ) The major components of the statement of cash flows from discontinued operations are as follows (in thousands): For the Three Months Ended March 31, 2021 2020 Operating activities: Net (loss) $ — $ ( 23,252 ) Adjustment to reconcile net loss to net cash used in operating activities: Recoveries from loan losses, net — ( 3,512 ) Depreciation, amortization and accretion, net — 1,951 Net losses on sales of real estate and property and equipment — 47 Equity earnings of unconsolidated real estate joint ventures — ( 551 ) Return on investment in unconsolidated real estate joint ventures — 1,430 Increase in deferred income tax asset — ( 4,377 ) Impairment losses — 28,283 Decrease in trade inventory — 312 Increase in trade receivables — ( 1,734 ) Decrease in real estate inventory — 1,241 Net change in operating lease assets and liabilities — 321 Increase in other assets — ( 325 ) Decrease in other liabilities — ( 1,047 ) Net cash used in operating activities $ — $ ( 1,213 ) Investing activities: Investments in unconsolidated real estate joint ventures — ( 2,922 ) Proceeds from repayment of loans receivable — 3,909 Additions to real estate — ( 51 ) Purchases of property and equipment — ( 3,548 ) Decrease in cash from other investing activities — ( 47 ) Net cash used in investing activities $ — $ ( 2,659 )

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	15. Subsequent Events Subsequent events have been evaluated through the date the financial statements were available to be issued. As of such date, there were no subsequent events identified that required recognition or disclosure other than as disclosed in the footnotes herein.

Organization And Basis Of Fin_2

Organization And Basis Of Financial Statement Presentation (Policy)	3 Months Ended
	Mar. 31, 2021
Recently Issued Accounting Pronouncements [Abstract]
Our Business	Our Business On September 30, 2020, BVH completed its spin-off of BBX Capital, Inc. (“BBX Capital”), the former wholly owned subsidiary of BVH which became a separate public company as a result of the spin-off and holds all of BVH’s historical business and investments other than BVH’s investment in Bluegreen Vacations Corporation (“Bluegreen”), a leading vacation ownership company that markets and sells vacation ownership interests (“VOIs”) and manages resorts in popular leisure and urban destinations. As a result of the spin-off the Company is a “pure play” holding company whose sole investment is its ownership of Bluegreen. Prior to May 5, 2021, BVH beneficially owned approximately 93 % of Bluegreen’s outstanding common stock. On May 5, 2021, BVH acquired all of the approximately 7 % of the outstanding shares of Bluegreen’s common stock not previously beneficially owned by BVH through a statutory short-form merger under Florida law. In connection with the merger, Bluegreen’s shareholders (other than BVH) are entitled to receive 0.51 shares of BVH’s Class A Common Stock for each share of Bluegreen’s common stock that they held at the effective time of the merger. Based on the number of shares of Bluegreen’s common stock outstanding prior to the effective time of the merger, it is estimated that BVH will issue approximately 2,664,000 shares of its Class A Common Stock in connection with the merger. As a result of the completion of the merger, Bluegreen has become a wholly owned subsidiary of BVH and Bluegreen’s common stock is no longer publicly traded. Bluegreen is a leading vacation ownership company that markets and sells vacation ownership interests (“VOIs”) and manages resorts in popular leisure and urban destinations. Bluegreen’s resorts are primarily located in high-volume, “drive-to” vacation locations, including Orlando, Las Vegas, Myrtle Beach, Charleston and New Orleans, among others. The resorts in which Bluegreen markets, sells, and manages VOIs were either developed or acquired by Bluegreen, or were developed and are owned by third parties. Bluegreen earns fees for providing sales and marketing services to third party developers. Bluegreen also earns fees for providing management services to the Vacation Club and homeowners’ associations (“HOAs”), mortgage servicing, VOI title services, reservation services, and construction design and development services. In addition, Bluegreen provides financing to qualified VOI purchasers, which generates significant interest income.
Basis Of Presentation	Basis of Financial Statement Presentation The unaudited consolidated financial statements include the accounts of BVH’s wholly owned subsidiaries, other entities in which BVH or its consolidated subsidiaries hold controlling financial interests, and any VIEs in which BVH or one of its consolidated subsidiaries is deemed the primary beneficiary of the VIE. All significant inter-company accounts and transactions have been eliminated in consolidation.
Continued Impact Of COVID-19 On Our Business	Continued Impact of COVID-19 on our Business The Company continues to be adversely affected by the economic impact of the COVID-19 pandemic. In response to the pandemic, Bluegreen temporarily closed all of its VOI sales centers and marketing operations in the last week of March 2020 and took other measures with a goal of mitigating the impact of the pandemic and positioning Bluegreen to navigate the pandemic successfully. By March 31, 2021, Bluegreen was operating marketing kiosks at 105 Bass Pro Shops and Cabela’s stores, including 7 new Cabela’s locations opened during the three months ended March 31, 2021; had reactivated the Choice Hotels call transfer program; had reopened all of its resorts; and reopened all but two of its VOI sales centers. Further, resort occupancy rates were approximately 70 % at resorts with sales centers for the first quarter of 2021 compared to 66 % in the first quarter of 2020 and vacation packages sold were 15 % higher in the first quarter of 2021 compared to the first quarter of 2020. Although this trend of reduced travel for vacation packages sold prior to the COVID-19 pandemic still exists, Bluegreen is encouraged by the eagerness of its owners to travel to its resorts and for the first quarter of 2021 Bluegreen sold 49,000 vacation packages compared to 43,000 in the first quarter of 2020.
Use Of Estimates	Use of Estimates The Company’s financial statements are prepared in conformity with GAAP, which requires it to make estimates based on assumptions about current and, for some estimates, future economic and market conditions which affect reported amounts and related disclosures in its financial statements. Although the Company’s current estimates contemplate current and expected future conditions, as applicable, actual conditions could differ from its expectations, which could materially affect its results of operations and financial position. In particular, a number of estimates have been and will continue to be affected by the ongoing COVID-19 pandemic. The severity, magnitude and duration, as well as the economic consequences of the COVID-19 pandemic, are uncertain, rapidly changing and difficult to predict. As a result, accounting estimates and assumptions may change over time in response to COVID-19. Such changes could result in, among other adjustments, future impairments of intangibles and long-lived assets, incremental credit losses on Bluegreen’s VOI notes receivable, a decrease in the carrying amount of tax assets, or an increase in other obligations as of the time of a relevant measurement event.
Reclassification Of Prior Period Presentation	Reclassification of Prior Period Presentation Certain prior period balances were reclassified to conform to the current period presentation. The reclassification had no impact on the Company’s unaudited statements of operations and comprehensive income or its unaudited statements of cash flows.

Revenue From Contracts With C_2

Revenue From Contracts With Customers (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue from Contracts with Customers [Abstract]
Revenue Disaggregation	For the Three Months Ended March 31, 2021 2020 Sales of VOIs (1) $ 55,931 $ 45,128 Fee-based sales commission revenue (1) 25,718 41,365 Resort and club management revenue (2) 24,928 25,029 Cost reimbursements (2) 16,608 19,120 Title fees and other (1) 2,274 2,723 Other revenue (2) 1,695 1,562 Revenue from customers 127,154 134,927 Interest income (3) 19,261 21,200 Other income, net — 170 Total revenue $ 146,415 $ 156,297 (1) Included in the Company’s sales of VOIs and financing segment described in Note 12. (2) Included in the Company’s resort operations and club management segment described in Note 12. (3) Interest income of $ 19.1 million and $ 20.1 million for the three months ended March 31, 2021 and 2020, respectively, is included in the Company’s sales of VOIs and financing segment described in Note 12.

Notes Receivable (Tables)

Notes Receivable (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Receivable [Abstract]
Information Relating To Bluegreen's Notes Receivable	As of March 31, December 31, 2021 2020 Notes receivable secured by VOIs: VOI notes receivable - non-securitized $ 179,389 $ 156,078 VOI notes receivable - securitized 365,417 395,315 Gross VOI notes receivable 544,806 551,393 Allowance for loan losses - non-securitized ( 46,907 ) ( 38,750 ) Allowance for loan losses - securitized ( 96,335 ) ( 103,294 ) Allowance for loan losses ( 143,242 ) ( 142,044 ) VOI notes receivable, net $ 401,564 $ 409,349 Allowance as a % of Gross VOI notes receivable 26 % 26 %
Activity In The Allowance For Loan Losses	For the Three Months Ended March 31, 2021 2020 Balance, beginning of period $ 142,044 $ 140,630 Provision for loan losses 12,319 30,353 Less: Write-offs of uncollectible receivables ( 11,121 ) ( 15,817 ) Balance, end of period $ 143,242 $ 155,166
Financing Receivable Credit Quality Indicators And Past Due By Year Of Origination	Additional information about Bluegreen’s VOI notes receivable by year of origination is as follows as of March 31, 2021 (in thousands): Year of Origination 2021 2020 2019 2018 2017 2016 and Prior Total 701+ $ 20,054 $ 64,272 $ 77,853 $ 51,834 $ 34,447 $ 56,733 $ 305,193 601-700 13,783 41,385 42,192 31,643 22,725 51,915 203,643 <601 (1) 718 3,744 4,272 2,821 1,996 5,602 19,153 Other (2) — 605 1,179 3,678 3,620 7,735 16,817 Total by FICO score $ 34,555 $ 110,006 $ 125,496 $ 89,976 $ 62,788 $ 121,985 $ 544,806 Defaults $ — $ 2,054 3,272 $ 2,780 $ 1,909 $ 1,106 $ 11,121 Allowance for loan loss $ 9,036 $ 33,497 $ 36,001 $ 25,168 $ 15,308 $ 24,232 $ 143,242 Delinquency status: Current $ 34,485 $ 105,915 $ 119,847 $ 83,452 $ 57,110 $ 110,863 $ 511,672 31-60 days 70 1,118 1,245 890 402 865 4,590 61-90 days — 1,015 1,302 667 738 912 4,634 Over 91 days (2) — 1,958 3,102 4,967 4,538 9,345 23,910 Total $ 34,555 $ 110,006 $ 125,496 $ 89,976 $ 62,788 $ 121,985 $ 544,806 (1) Includes VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers). (2) Includes $ 13.1 million related to VOI notes receivable that, as of March 31, 2021, had defaulted, but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of Bluegreen’s receivable-backed notes payable transactions. These VOI notes receivable have been reflected in the allowance for loan losses. Additional information about Bluegreen’s VOI notes receivable by year of origination is as follows as of December 31, 2020 (in thousands): Year of Origination 2020 2019 2018 2017 2016 2015 and Prior Total 701+ $ 70,874 $ 85,294 $ 56,490 $ 37,371 $ 27,638 $ 35,693 $ 313,360 601-700 42,095 44,672 34,181 24,700 22,656 34,779 203,083 <601 (1) 3,737 4,491 3,003 2,113 2,188 3,954 19,486 Other (2) 29 567 3,805 3,476 2,336 5,251 15,464 Total by FICO score $ 116,735 $ 135,024 $ 97,479 $ 67,660 $ 54,818 $ 79,677 $ 551,393 Defaults $ 1,678 $ 13,678 14,297 $ 9,331 $ 7,299 $ 9,244 $ 55,527 Allowance for loan loss $ 33,441 $ 37,845 $ 27,552 $ 16,794 $ 12,097 $ 14,315 $ 142,044 Delinquency status: Current $ 113,954 $ 129,817 $ 89,744 $ 61,279 $ 50,671 $ 71,646 $ 517,111 31-60 days 1,040 1,531 1,093 925 547 642 5,778 61-90 days 807 1,137 931 777 365 524 4,541 Over 91 days (2) 934 2,539 5,711 4,679 3,235 6,865 23,963 Total $ 116,735 $ 135,024 $ 97,479 $ 67,660 $ 54,818 $ 79,677 $ 551,393 (1) Includes VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers). (2) Includes $ 11.4 million related to VOI notes receivable that, as of December 31,2020, had defaulted, but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of Bluegreen’s receivable-backed notes payable transactions. These VOI notes receivable have been reflected in the allowance for loan losses.
Percentage Of Gross Notes Receivable Outstanding By FICO Score At Origination	The percentage of gross notes receivable outstanding by FICO score of the borrower at the time of origination were as follows: As of March 31, December 31, 2021 2020 FICO Score No Score (1) 1 % 1 % <600 3 3 601-699 38 37 700+ 58 59 100 % 100 % (1) VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers).

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2021
Variable Interest Entities [Abstract]
Information Related To The Assets And Liabilities Of The VIEs	As of March 31, December 31, 2021 2020 Restricted cash $ 18,297 $ 20,469 Securitized notes receivable, net 269,082 292,021 Receivable backed notes payable - non-recourse 325,317 341,532

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2021
Inventory [Abstract]
Summary Of Inventory	As of March 31, December 31, 2021 2020 Completed VOI units $ 264,774 $ 268,686 Construction-in-progress 8,175 — Real estate held for future development 72,141 78,436 Total $ 345,090 $ 347,122

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2021
Debt [Abstract]
Lines-Of-Credit And Notes Payable	As of March 31, 2021 December 31, 2020 Balance Interest Rate Carrying Amount of Pledged Assets Balance Interest Rate Carrying Amount of Pledged Assets NBA Éilan Loan — — — 15,903 4.75 % 28,491 Fifth Third Syndicated LOC 20,000 2.50 % 37,488 30,000 2.25 % 50,822 Fifth Third Syndicated Term 92,500 2.51 % 173,383 93,750 2.25 % 158,817 Unamortized debt issuance costs ( 1,050 ) — — ( 1,267 ) — — Total $ 111,450 $ 210,871 $ 138,386 $ 238,130
Receivable-Backed Notes Payable	Financial data related to Bluegreen’s receivable-backed notes payable facilities as of March 31, 2021 and December 31, 2020 was as follows (dollars in thousands): As of March 31, 2021 December 31, 2020 Debt Balance Interest Rate Principal Balance of Pledged/ Secured Receivables Debt Balance Interest Rate Principal Balance of Pledged/ Secured Receivables Receivable-backed notes payable - recourse: Liberty Bank Facility $ 10,000 3.40 % $ 13,799 $ 10,000 3.40 % $ 13,970 NBA Receivables Facility 15,975 3.00 % 21,616 19,877 3.32 % 26,220 Pacific Western Facility 10,000 3.04 % 13,661 8,623 3.15 % 13,131 Total 35,975 49,076 38,500 53,321 Receivable-backed notes payable - non-recourse: Liberty Bank Facility (1) $ 4,341 3.40 % $ 5,990 $ 2,316 3.40 % $ 3,235 NBA Receivables Facility (2) 24,752 3.00 % 33,492 11,985 3.32 % 15,809 Pacific Western Facility (3) 10,523 3.04 % 14,375 — — — KeyBank/DZ Purchase Facility 10,867 2.50 % 13,101 — — — Quorum Purchase Facility 27,130 4.75 - 5.10 % 31,567 29,788 4.75 - 5.10 % 34,651 2013 Term Securitization 10,294 3.20 % 11,855 11,922 3.20 % 13,483 2015 Term Securitization 20,340 3.02 % 22,181 22,560 3.02 % 24,475 2016 Term Securitization 32,684 3.35 % 36,973 35,700 3.35 % 40,221 2017 Term Securitization 47,750 3.12 % 54,725 51,470 3.12 % 58,907 2018 Term Securitization 66,947 4.02 % 78,320 72,486 4.02 % 84,454 2020 Term Securitization 114,744 2.60 % 129,713 123,600 2.60 % 139,052 Unamortized debt issuance costs ( 5,439 ) --- — ( 5,994 ) --- — Total 364,933 432,292 355,833 414,287 Total receivable-backed debt $ 400,908 $ 481,368 $ 394,333 $ 467,608 (1) Recourse on the Liberty Bank Facility is limited to $ 10.0 million, subject to certain exceptions. (2) Recourse to Bluegreen/Big Cedar Vacations was reduced to $ 16.0 million as of March 31, 2021 and will be reduced by $ 1.3 million per month until it reaches a floor of $ 10.0 million. (3) Recourse on the Pacific Western Facility is limited to $ 10.0 million, subject to certain exceptions.
Junior Subordinated Debentures Outstanding	Financial data relating to the Company’s junior subordinated debentures as of March 31, 2021 and December 31, 2020 was as follows (dollars in thousands): March 31, 2021 December 31, 2020  Effective Effective  Carrying Interest Carrying Interest Maturity  Amounts Rates (1) Amounts Rates (1) Years (2) Woodbridge - Levitt Capital Trusts I - IV $ 66,302 4.01 - 4.05 % $ 66,302 4.01 - 4.04 % 2035 - 2036 Bluegreen Statutory Trusts I - VI 104,777 5.01 - 5.10 % 110,827 5.01 - 5.12 % 2035 - 2037 Unamortized debt issuance costs ( 1,039 ) ( 1,057 ) Unamortized purchase discount ( 35,649 ) ( 37,895 ) Total junior subordinated debentures $ 134,391 $ 138,177 (1) The Company’s junior subordinated debentures bear interest at three-month LIBOR (subject to quarterly adjustment) plus a spread ranging from 3.80 % to 4.90 %. (2) All of the junior subordinated debentures were eligible for redemption by Woodbridge Holding Corporation (“Woodbridge”) and Bluegreen, as applicable, as of March 31, 2021 and December 31, 2020. Woodbridge is a wholly owned subsidiary of BVH through which it holds its investments in Bluegreen.

Fair Value Of Financial Instr_2

Fair Value Of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Of Financial Instruments [Abstract]
Carrying Amounts Of Financial Instruments	As of March 31, 2021 As of December 31, 2020 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Cash and cash equivalents $ 199,150 $ 199,150 $ 221,118 $ 221,118 Restricted cash 40,736 40,736 35,986 35,986 Notes receivable, net 401,564 545,870 409,349 549,819 Note payable to BBX Capital, Inc. 75,000 77,720 75,000 78,218 Lines-of-credit, notes payable, and receivable-backed notes payable 512,358 518,300 532,719 547,400 Junior subordinated debentures 134,391 120,000 138,177 133,500

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Segment Information	The table below sets forth the Company’s segment information for the three months ended March 31, 2021 (in thousands): Sales of VOIs and financing Resort operations and club management Bluegreen Corporate and other BVH Corporate Elimination Total Revenue: Sales of VOIs $ 55,931 $ — $ — $ — $ — $ 55,931 Fee-based sales commission revenue 25,718 — — — — 25,718 Other fee-based services revenue 2,274 26,623 — — — 28,897 Cost reimbursements — 16,608 — — — 16,608 Mortgage servicing revenue 1,311 — — — ( 1,311 ) — Interest income 19,128 — 77 56 — 19,261 Other income, net — — — — — — Total revenue 104,362 43,231 77 56 ( 1,311 ) 146,415 Costs and expenses: Cost of VOIs sold 5,169 — — — — 5,169 Net carrying cost of VOI inventory 7,780 — — — ( 7,780 ) — Cost of other fee-based services 719 8,586 — — 7,780 17,085 Cost reimbursements — 16,608 — — — 16,608 Selling, general and administrative expenses 65,654 — 24,655 812 ( 157 ) 90,964 Mortgage servicing expense 1,154 — — — ( 1,154 ) — Interest expense 4,163 — 3,753 1,819 — 9,735 Other expense, net — — 214 ( 53 ) 161 Total costs and expenses 84,639 25,194 28,622 2,578 ( 1,311 ) 139,722 Income (loss) before non-controlling interest and provision for income taxes $ 19,723 $ 18,037 $ ( 28,545 ) $ ( 2,522 ) $ — $ 6,693 Add: Depreciation and amortization 1,405 196 Segment Adjusted EBITDA (1) $ 21,128 $ 18,233 (1) See Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA, including the definition of Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income. The table below sets forth the Company’s segment information for the three months ended March 31, 2020 (in thousands): Sales of VOIs and financing Resort operations and club management Bluegreen Corporate and other BVH Corporate Elimination Total Revenue: Sales of VOIs $ 45,128 $ — $ — $ — $ — $ 45,128 Fee-based sales commission revenue 41,365 — — — — 41,365 Other fee-based services revenue 2,723 26,591 — — — 29,314 Cost reimbursements — 19,120 — — — 19,120 Mortgage servicing revenue 1,595 — — — ( 1,595 ) — Interest income 20,148 — 1,718 534 ( 1,200 ) 21,200 Other income, net — — 133 37 — 170 Total revenue 110,959 45,711 1,851 571 ( 2,795 ) 156,297 Costs and expenses: Cost of VOIs sold 4,099 — — — — 4,099 Net carrying cost of VOI inventory 7,914 — — — ( 7,914 ) — Cost of other fee-based services 1,470 12,327 — — 7,914 21,711 Cost reimbursements — 19,120 — — — 19,120 Selling, general and administrative expenses 83,138 — 19,234 8,288 ( 175 ) 110,485 Mortgage servicing expense 1,420 — — — ( 1,420 ) — Interest expense 4,664 — 4,154 2,280 ( 1,200 ) 9,898 Total costs and expenses 102,705 31,447 23,388 10,568 ( 2,795 ) 165,313 Income (loss) before non-controlling interest and provision for income taxes $ 8,254 $ 14,264 $ ( 21,537 ) $ ( 9,997 ) $ — $ ( 9,016 ) Add: Depreciation and amortization 1,559 190 Add: Severance 2,563 1,134 Segment Adjusted EBITDA (1) $ 12,376 $ 15,588 (1) See Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA including, the definition of Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income.

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	3 Months Ended
	Mar. 31, 2021
Noncontrolling Interests [Abstract]
Schedule Of Noncontrolling Interests In Consolidated Subsidiaries	March 31, December 31, 2021 2020 Bluegreen (1) $ 23,185 $ 22,821 Bluegreen/Big Cedar Vacations (2) 54,192 52,026 Total noncontrolling interests $ 77,377 $ 74,847 (1) The Company owns approximately 93 % of Bluegreen as of March 31, 2021. (2) Bluegreen owns 51 % of Bluegreen/Big Cedar Vacations.
Schedule Of Income Attributable To Noncontrolling Interests	For the Three Months Ended March 31, 2021 2020 Bluegreen $ 364 $ 215 Bluegreen/Big Cedar Vacations 2,166 736 Net income attributable to noncontrolling interest - continuing operations $ 2,530 $ 951

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2021
Discontinued Operations [Abstract]
Summary Of Income (Loss) Of Discontinued Operations	For the Three Months Ended March 31, 2021 2020 Revenues: Trade sales $ — $ 40,877 Sales of real estate inventory — 6,439 Interest income — 116 Net gains on sales of real estate assets — ( 46 ) Other revenue — 598 Total revenues — 47,984 Costs and Expenses: Cost of trade sales — 29,772 Cost of real estate inventory sold — 4,632 Interest expense — ( 65 ) Recoveries from loan losses, net — ( 3,512 ) Impairment losses — 28,283 Selling, general and administrative expenses — 17,368 Total costs and expenses — 76,478 Equity in net earnings (losses) of unconsolidated real estate joint ventures — 551 Foreign exchanges gain — 278 Other income — 36 (Loss) income from discontinued operations before income taxes $ — $ ( 27,629 )
Summary Of Cash Flows Of Discontinued Operations	For the Three Months Ended March 31, 2021 2020 Operating activities: Net (loss) $ — $ ( 23,252 ) Adjustment to reconcile net loss to net cash used in operating activities: Recoveries from loan losses, net — ( 3,512 ) Depreciation, amortization and accretion, net — 1,951 Net losses on sales of real estate and property and equipment — 47 Equity earnings of unconsolidated real estate joint ventures — ( 551 ) Return on investment in unconsolidated real estate joint ventures — 1,430 Increase in deferred income tax asset — ( 4,377 ) Impairment losses — 28,283 Decrease in trade inventory — 312 Increase in trade receivables — ( 1,734 ) Decrease in real estate inventory — 1,241 Net change in operating lease assets and liabilities — 321 Increase in other assets — ( 325 ) Decrease in other liabilities — ( 1,047 ) Net cash used in operating activities $ — $ ( 1,213 ) Investing activities: Investments in unconsolidated real estate joint ventures — ( 2,922 ) Proceeds from repayment of loans receivable — 3,909 Additions to real estate — ( 51 ) Purchases of property and equipment — ( 3,548 ) Decrease in cash from other investing activities — ( 47 ) Net cash used in investing activities $ — $ ( 2,659 )

Organization And Basis Of Fin_3

Organization And Basis Of Financial Statement Presentation (Narrative) (Details)	Apr. 05, 2021	Mar. 31, 2021USD ($)itemshares	Mar. 31, 2020item	May 10, 2021	Apr. 19, 2021shares	Dec. 31, 2020shares	Sep. 30, 2020USD ($)
Segment Reporting Information [Line Items]
Occupancy percentage		70.00%	66.00%
Percent of vacation packages sold		15.00%
Vacation packages sold		49,000	43,000
Bass Pro And Cabela [Member]
Segment Reporting Information [Line Items]
Number of stores open		105
Cabela [Member]
Segment Reporting Information [Line Items]
Number of stores open		7
VOI Sales Offices [Member]
Segment Reporting Information [Line Items]
Number of stores open		2
Spin-off [Member]
Segment Reporting Information [Line Items]
Debt instrument, face amount | $		$ 75,000,000					$ 75,000,000
Interest rate							6.00%
Deferred interest rate							8.00%
Debt instrument term		5 years
Class A Common Stock [Member]
Segment Reporting Information [Line Items]
Common stock, shares authorized | shares		30,000,000				30,000,000
Class A Common Stock [Member] | Subsequent Event [Member]
Segment Reporting Information [Line Items]
Shares issued due to merger | shares					2,664,000
Class A Common Stock [Member] | Subsequent Event [Member] | Bluegreen Vacations Holding Corp (BVH) [Member]
Segment Reporting Information [Line Items]
Shareholder share right due to merger	0.51
Class B Common Stock [Member]
Segment Reporting Information [Line Items]
Common stock, shares authorized | shares		4,000,000				4,000,000
Bluegreen [Member] | Subsequent Event [Member]
Segment Reporting Information [Line Items]
Consolidated method ownership percentage	7.00%			93.00%

Recently Issued Accounting Pr_2

Recently Issued Accounting Pronouncements (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	May 10, 2021	Apr. 05, 2021	Dec. 31, 2020	Sep. 30, 2020
Business Acquisition [Line Items]
Other assets	$ 39,503,000				$ 41,282,000
Revenues	146,415,000	$ 156,297,000
Property and equipment, net	90,257,000				90,049,000
Junior subordinated debentures	134,391,000				138,177,000
Cash and cash equivalents	199,150,000	$ 379,844,000			221,118,000
Prepaid expenses	$ 25,990,000				$ 9,367,000
Class A Common Stock [Member]
Business Acquisition [Line Items]
Common stock, shares authorized	30,000,000				30,000,000
Class B Common Stock [Member]
Business Acquisition [Line Items]
Common stock, shares authorized	4,000,000				4,000,000
Spin-off [Member]
Business Acquisition [Line Items]
Debt instrument, face amount	$ 75,000,000					$ 75,000,000
Interest rate						6.00%
Deferred interest rate						8.00%
Debt instrument term	5 years
Accounting Standards Update 2020-04 [Member] | LIBOR Indexed Junior Subordinated Debentures [Member]
Business Acquisition [Line Items]
Junior subordinated debentures	$ 171,100,000
Accounting Standards Update 2020-04 [Member] | LIBOR Indexed Receivable-backed Notes Payable And Lines Of Credit [Member]
Business Acquisition [Line Items]
Receivable-backed notes payable and lines of credit	66,700,000
Accounting Standards Update 2020-04 [Member] | LIBOR Line Of Credit And Notes Payable [Member]
Business Acquisition [Line Items]
Notes And Loans Payable	$ 108,100,000
Subsequent Event [Member] | Bluegreen [Member]
Business Acquisition [Line Items]
Consolidated method ownership percentage			93.00%	7.00%

Revenue From Contracts With C_3

Revenue From Contracts With Customers (Revenue Disaggregation) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Revenue from customers	$ 127,154	$ 134,927
Interest income	19,261	21,200
Interest income	19,261	21,200
Other income, net		170
Total revenues	146,415	156,297
Sales of VOIs [Member]
Disaggregation of Revenue [Line Items]
Revenue from customers	55,931	45,128
Interest income	19,100	20,100
Fee-Based Sales Commission Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from customers	25,718	41,365
Resort And Club Management Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from customers	24,928	25,029
Cost Reimbursements [Member]
Disaggregation of Revenue [Line Items]
Revenue from customers	16,608	19,120
Title Fees And Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from customers	2,274	2,723
Other Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from customers	$ 1,695	$ 1,562

Revenue From Contracts With C_4

Revenue From Contracts With Customers (Summary Of Impacts From ASU Adoption) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Notes receivable, net	$ 401,564		$ 409,349
Deferred income	15,257		15,745
Deferred income taxes	80,874		85,314
Total shareholder's equity	268,234	$ 600,927	$ 262,730	$ 640,070
Revenues	127,154	134,927
Selling, general and administrative expenses	90,964	110,485
(Loss) income from continuing operations before non-controlling interest and provision for income taxes	6,693	(9,016)
Provision (benefit) for income taxes	1,189	(1,453)
Net income	5,504	(30,815)
Less: Income attributable to noncontrolling interests - continuing operations	2,530	951
Net income attributable to Bluegreen Vacations Corporation Shareholders	2,974	(28,310)
Sales of VOIs [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	55,931	45,128
Total costs and expenses	5,169	4,099
Cost Reimbursements [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	16,608	19,120
Total costs and expenses	$ 16,608	$ 19,120

Notes Receivable (Narrative) (D

Notes Receivable (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended
	Mar. 31, 2020	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable		$ 544,806	$ 551,393
Accrued interest		$ 3,800	$ 3,900
Bluegreen [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increase in allowance for loan losses	$ 12,000
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-average interest rate		15.10%	15.00%
Over 91 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable		$ 23,910	$ 23,963
90 Days Or More [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable		$ 23,900	$ 24,000

Notes Receivable (Information R

Notes Receivable (Information Relating To Bluegreen's Notes Receivable) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross notes receivable	$ 544,806	$ 551,393
Less: Allowance for loan loss	(143,242)	(142,044)
Notes receivable, net ($269,082 and $292,021 in VIEs at March 31, 2021 and December 31, 2020, respectively)	$ 401,564	$ 409,349
Allowance as a % of gross notes receivable	26.00%	26.00%
VOI Notes Receivable - Non-Securitized [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross notes receivable	$ 179,389	$ 156,078
Less: Allowance for loan loss	(46,907)	(38,750)
VOI Notes Receivable - Securitized [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross notes receivable	365,417	395,315
Less: Allowance for loan loss	$ (96,335)	$ (103,294)

Notes Receivable (Activity In T

Notes Receivable (Activity In The Allowance For Loan Losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of period	$ 142,044
Provision for loan losses		$ (3,512)
Balance, end of period	143,242
Bluegreens Vacation Ownership Interests [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of period	142,044	140,630
Provision for loan losses	12,319	30,353
Less: Write-offs of uncollectible receivables	(11,121)	(15,817)
Balance, end of period	$ 143,242	$ 155,166

Notes Receivable (Financing Rec

Notes Receivable (Financing Receivable Credit Quality Indicators And Past Due By Year Of Origination) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 544,806	$ 551,393
VOI note receivable balance had not yet been charged off	13,100	11,400
Defaults [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year		1,678
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	2,054	13,678
Financing Receivable, Originated Two Years before Latest Fiscal Year	3,272	14,297
Financing Receivable, Originated Three Years before Latest Fiscal Year	2,780	9,331
Financing Receivable, Originated Four Years before Latest Fiscal Year	1,909	7,299
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	1,106	9,244
Total	11,121	55,527
Allowance For Loan Loss [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year	9,036	33,441
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	33,497	37,845
Financing Receivable, Originated Two Years before Latest Fiscal Year	36,001	27,552
Financing Receivable, Originated Three Years before Latest Fiscal Year	25,168	16,794
Financing Receivable, Originated Four Years before Latest Fiscal Year	15,308	12,097
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	24,232	14,315
Total	143,242	142,044
Current [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year	34,485	113,954
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	105,915	129,817
Financing Receivable, Originated Two Years before Latest Fiscal Year	119,847	89,744
Financing Receivable, Originated Three Years before Latest Fiscal Year	83,452	61,279
Financing Receivable, Originated Four Years before Latest Fiscal Year	57,110	50,671
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	110,863	71,646
Total	511,672	517,111
31-60 Days [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year	70	1,040
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	1,118	1,531
Financing Receivable, Originated Two Years before Latest Fiscal Year	1,245	1,093
Financing Receivable, Originated Three Years before Latest Fiscal Year	890	925
Financing Receivable, Originated Four Years before Latest Fiscal Year	402	547
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	865	642
Total	4,590	5,778
61-90 Days [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year		807
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	1,015	1,137
Financing Receivable, Originated Two Years before Latest Fiscal Year	1,302	931
Financing Receivable, Originated Three Years before Latest Fiscal Year	667	777
Financing Receivable, Originated Four Years before Latest Fiscal Year	738	365
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	912	524
Total	4,634	4,541
Over 91 Days [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year		934
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	1,958	2,539
Financing Receivable, Originated Two Years before Latest Fiscal Year	3,102	5,711
Financing Receivable, Originated Three Years before Latest Fiscal Year	4,967	4,679
Financing Receivable, Originated Four Years before Latest Fiscal Year	4,538	3,235
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	9,345	6,865
Total	23,910	23,963
Total [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year	34,555	116,735
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	110,006	135,024
Financing Receivable, Originated Two Years before Latest Fiscal Year	125,496	97,479
Financing Receivable, Originated Three Years before Latest Fiscal Year	89,976	67,660
Financing Receivable, Originated Four Years before Latest Fiscal Year	62,788	54,818
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	121,985	79,677
Total	544,806	551,393
701+ [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year	20,054	70,874
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	64,272	85,294
Financing Receivable, Originated Two Years before Latest Fiscal Year	77,853	56,490
Financing Receivable, Originated Three Years before Latest Fiscal Year	51,834	37,371
Financing Receivable, Originated Four Years before Latest Fiscal Year	34,447	27,638
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	56,733	35,693
Total	305,193	313,360
601-700 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year	13,783	42,095
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	41,385	44,672
Financing Receivable, Originated Two Years before Latest Fiscal Year	42,192	34,181
Financing Receivable, Originated Three Years before Latest Fiscal Year	31,643	24,700
Financing Receivable, Originated Four Years before Latest Fiscal Year	22,725	22,656
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	51,915	34,779
Total	203,643	203,083
Less Than 601 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year	718	3,737
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	3,744	4,491
Financing Receivable, Originated Two Years before Latest Fiscal Year	4,272	3,003
Financing Receivable, Originated Three Years before Latest Fiscal Year	2,821	2,113
Financing Receivable, Originated Four Years before Latest Fiscal Year	1,996	2,188
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	5,602	3,954
Total	19,153	19,486
Other [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year		29
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	605	567
Financing Receivable, Originated Two Years before Latest Fiscal Year	1,179	3,805
Financing Receivable, Originated Three Years before Latest Fiscal Year	3,678	3,476
Financing Receivable, Originated Four Years before Latest Fiscal Year	3,620	2,336
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	7,735	5,251
Total	16,817	15,464
Total by FICO Score [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year	34,555	116,735
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	110,006	135,024
Financing Receivable, Originated Two Years before Latest Fiscal Year	125,496	97,479
Financing Receivable, Originated Three Years before Latest Fiscal Year	89,976	67,660
Financing Receivable, Originated Four Years before Latest Fiscal Year	62,788	54,818
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	121,985	79,677
Total	$ 544,806	$ 551,393

Notes Receivable (Percentage Of

Notes Receivable (Percentage Of Gross Notes Receivable Outstanding By FICO Score At Origination) (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Percentage of gross notes receivable outstanding	100.00%	100.00%
FICO Score, No Score [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Percentage of gross notes receivable outstanding	1.00%	1.00%
FICO Score, Less than 600 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Percentage of gross notes receivable outstanding	3.00%	3.00%
FICO Score, 601 to 699 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Percentage of gross notes receivable outstanding	38.00%	37.00%
FICO Score, Greater than 700 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Percentage of gross notes receivable outstanding	58.00%	59.00%

Notes Receivable (Delinquency S

Notes Receivable (Delinquency Status Of VOI Notes Receivable) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	$ 544,806	$ 551,393
VOI note receivable balance had not yet been charged off	13,100	11,400
Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	511,672	517,111
31-60 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	4,590	5,778
61-90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	4,634	4,541
Over 91 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	23,910	23,963
Total [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	$ 544,806	$ 551,393

Variable Interest Entities (Nar

Variable Interest Entities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Variable Interest Entities [Abstract]
Voluntary repurchases and substitutions	$ 3.8	$ 4.3

Variable Interest Entities (Inf

Variable Interest Entities (Information Related To The Assets And Liabilities Of The VIEs) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Variable Interest Entity [Line Items]
Restricted cash	$ 40,736	$ 35,986	$ 34,190
Securitized notes receivable, net	401,564	409,349
Receivable backed notes payable - non-recourse	364,933	355,833
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Restricted cash	18,297	20,469
Securitized notes receivable, net	269,082	292,021
Receivable backed notes payable - non-recourse	$ 325,317	$ 341,532

Inventory (Summary Of Inventory

Inventory (Summary Of Inventory) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Inventory [Abstract]
Completed VOI units	$ 264,774	$ 268,686
Construction-in-progress	8,175
Real estate held for future development	72,141	78,436
Total	$ 345,090	$ 347,122

Debt (Lines-Of-Credit and Notes

Debt (Lines-Of-Credit and Notes Payable, Narrative) (Details)	3 Months Ended
	Mar. 31, 2021USD ($)
Debt Instrument [Line Items]
New debt issuance or change	$ 0
NBA Eilan Loan [Member]
Debt Instrument [Line Items]
Written off unamortized debt issuance costs	200,000
Repayment of credit facility	$ 15,600,000

Debt (Junior Subordinated Deben

Debt (Junior Subordinated Debentures, Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended
	Feb. 28, 2021	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Carrying Value		$ 134,391	$ 138,177
Availablility of line of credits/credit facilities		$ 271,400
Bluegreen Statutory Trust II [Member]
Debt Instrument [Line Items]
Purchase of trust preferred securities	$ 4,000
Par value of junior subordinated debentures	6,100
Carrying Value	4,000
Cancellation of junior subordinated debentures	$ 6,100

Debt (Note Payable To BBX, Narr

Debt (Note Payable To BBX, Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020
Debt Instrument [Line Items]
Accrued interest	$ 1,100,000	$ 1,100,000
Spin-off [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 75,000,000		$ 75,000,000
Interest rate			6.00%
Deferred interest rate			8.00%
Debt instrument term	5 years

Debt (Lines-Of-Credit And Not_2

Debt (Lines-Of-Credit And Notes Payable) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ (5,439)	$ (5,994)
Total	111,450	138,386
Lines-Of-Credit And Notes Payable [Member]
Debt Instrument [Line Items]
Unamortized debt issuance costs	(1,050)	(1,267)
Total	111,450	138,386
Carrying Amount of Pledged Assets	210,871	238,130
NBA Eilan Loan [Member] | Lines-Of-Credit And Notes Payable [Member]
Debt Instrument [Line Items]
Balance		$ 15,903
Interest Rate		4.75%
Carrying Amount of Pledged Assets		$ 28,491
Fifth Third Syndicated LOC [Member] | Lines-Of-Credit And Notes Payable [Member]
Debt Instrument [Line Items]
Balance	$ 20,000	$ 30,000
Interest Rate	2.50%	2.25%
Carrying Amount of Pledged Assets	$ 37,488	$ 50,822
Fifth Third Syndicated Term Loan [Member] | Lines-Of-Credit And Notes Payable [Member]
Debt Instrument [Line Items]
Balance	$ 92,500	$ 93,750
Interest Rate	2.51%	2.25%
Carrying Amount of Pledged Assets	$ 173,383	$ 158,817

Debt (Receivable-Backed Notes P

Debt (Receivable-Backed Notes Payable) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Receivable-backed notes payable - recourse	$ 35,975	$ 38,500
Unamortized debt issuance costs	(5,439)	(5,994)
Receivable backed notes payable - non-recourse	364,933	355,833
Total receivable-backed debt	400,908	394,333
Principal Balance of Pledged/Secured Receivables	481,368	467,608
Recourse limit	16,000
Per month reduction in recourse	1,300
Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Total receivable-backed debt	35,975	38,500
Principal Balance of Pledged/Secured Receivables	49,076	53,321
Liberty Bank Facility [Member]
Debt Instrument [Line Items]
Recourse limit	10,000
Liberty Bank Facility [Member] | Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Total receivable-backed debt	$ 10,000	$ 10,000
Interest Rate	3.40%	3.40%
Principal Balance of Pledged/Secured Receivables	$ 13,799	$ 13,970
Liberty Bank Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Total receivable-backed debt	$ 4,341	$ 2,316
Interest Rate	3.40%	3.40%
Principal Balance of Pledged/Secured Receivables	$ 5,990	$ 3,235
NBA Receivables Facility [Member] | Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Total receivable-backed debt	$ 15,975	$ 19,877
Interest Rate	3.00%	3.32%
Principal Balance of Pledged/Secured Receivables	$ 21,616	$ 26,220
NBA Receivables Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Total receivable-backed debt	$ 24,752	$ 11,985
Interest Rate	3.00%	3.32%
Principal Balance of Pledged/Secured Receivables	$ 33,492	$ 15,809
Pacific Western Facility [Member]
Debt Instrument [Line Items]
Recourse limit	10,000
Pacific Western Facility [Member] | Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Total receivable-backed debt	$ 10,000	$ 8,623
Interest Rate	3.04%	3.15%
Principal Balance of Pledged/Secured Receivables	$ 13,661	$ 13,131
Pacific Western Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Total receivable-backed debt	$ 10,523
Interest Rate	3.04%
Principal Balance of Pledged/Secured Receivables	$ 14,375
KeyBank/DZ Purchase Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Total receivable-backed debt	$ 10,867
Interest Rate	2.50%
Principal Balance of Pledged/Secured Receivables	$ 13,101
Quorum Purchase Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Total receivable-backed debt	27,130	29,788
Principal Balance of Pledged/Secured Receivables	31,567	34,651
2013 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Total receivable-backed debt	$ 10,294	$ 11,922
Interest Rate	3.20%	3.20%
Principal Balance of Pledged/Secured Receivables	$ 11,855	$ 13,483
2015 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Total receivable-backed debt	$ 20,340	$ 22,560
Interest Rate	3.02%	3.02%
Principal Balance of Pledged/Secured Receivables	$ 22,181	$ 24,475
2016 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Total receivable-backed debt	$ 32,684	$ 35,700
Interest Rate	3.35%	3.35%
Principal Balance of Pledged/Secured Receivables	$ 36,973	$ 40,221
2017 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Total receivable-backed debt	$ 47,750	$ 51,470
Interest Rate	3.12%	3.12%
Principal Balance of Pledged/Secured Receivables	$ 54,725	$ 58,907
2018 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Total receivable-backed debt	$ 66,947	$ 72,486
Interest Rate	4.02%	4.02%
Principal Balance of Pledged/Secured Receivables	$ 78,320	$ 84,454
2020 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Total receivable-backed debt	$ 114,744	$ 123,600
Interest Rate	2.60%	2.60%
Principal Balance of Pledged/Secured Receivables	$ 129,713	$ 139,052
Minimum [Member]
Debt Instrument [Line Items]
Recourse limit	$ 10,000
Minimum [Member] | Quorum Purchase Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Interest Rate	4.75%	4.75%
Maximum [Member] | Quorum Purchase Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Interest Rate	5.10%	5.10%

Debt (Junior Subordinated Deb_2

Debt (Junior Subordinated Debentures Outstanding) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Feb. 28, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Carrying Value	$ 134,391		$ 138,177
Unamortized debt issuance costs	(5,439)		(5,994)
Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Carrying Value	134,391		138,177
Unamortized debt issuance costs	(1,039)		(1,057)
Unamortized purchase discount	(35,649)		(37,895)
Woodbridge - Levitt Capital Trust I-IV [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Carrying Value	66,302		66,302
Bluegreen Statutory Trust I-VI [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Carrying Value	$ 104,777		$ 110,827
Bluegreen Statutory Trust II [Member]
Debt Instrument [Line Items]
Carrying Value		$ 4,000
Minimum [Member] | Woodbridge - Levitt Capital Trust I-IV [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Effective rate	4.01%		4.01%
Minimum [Member] | Bluegreen Statutory Trust I-VI [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Effective rate	5.01%		5.01%
Maximum [Member] | Woodbridge - Levitt Capital Trust I-IV [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Effective rate	4.05%		4.04%
Maximum [Member] | Bluegreen Statutory Trust I-VI [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Effective rate	5.10%		5.12%
LIBOR [Member] | Minimum [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Basis spread on rate	3.80%
LIBOR [Member] | Maximum [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Basis spread on rate	4.90%

Fair Value Of Financial Instr_3

Fair Value Of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 199,150	$ 221,118
Restricted cash	40,736	35,986
Notes receivable, net	401,564	409,349
Note payable to BBX Capital, Inc.	75,000	75,000
Lines-of-credit, notes payable, and receivable-backed notes payable	512,358	532,719
Junior subordinated debentures	134,391	138,177
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	199,150	221,118
Restricted cash	40,736	35,986
Notes receivable, net	545,870	549,819
Note payable to BBX Capital, Inc.	77,720	78,218
Lines-of-credit, notes payable, and receivable-backed notes payable	518,300	547,400
Junior subordinated debentures	$ 120,000	$ 133,500

Commitments And Contingencies (

Commitments And Contingencies (Narrative) (Details)

Feb. 28, 2018item

Jan. 31, 2021USD ($)item

Jan. 31, 2020USD ($)item

Jun. 30, 2019USD ($)item

Mar. 31, 2021USD ($)item

Mar. 31, 2020USD ($)

Dec. 31, 2021item

Dec. 31, 2019USD ($)

Dec. 31, 2015

Dec. 31, 2020USD ($)

Aug. 30, 2020item

Jul. 07, 2020item

Purchase Commitment, Excluding Long-term Commitment [Line Items]

Accrued claims

$ 10,900,000

$ 14,700,000

Payments to subsidies

1,600,000

$ 1,900,000

Accrued liabilities and other

$ 101,930,000

93,971,000

Inventory purchased

(312,000)

Average annual default rates

9.60%

6.90%

Number of non-exempt employees represented | item

660

Purchase period, from lawsuit

6 years

Number of VOI owners in litigation | item

100

Subsidies To Certain HOAs [Member]

Purchase Commitment, Excluding Long-term Commitment [Line Items]

Accrued liabilities and other

$ 4,700,000

$ 0

Former CEO [Member]

Purchase Commitment, Excluding Long-term Commitment [Line Items]

Severance expense

$ 3,500,000

Amount of future payment

$ 600,000

Period of future payment

18 months

Bass Pro [Member]

Purchase Commitment, Excluding Long-term Commitment [Line Items]

Litigation settlement

$ 20,000,000

Settlement agreement, number of annual payments | item

5

Settlement agreement, payment amount

$ 4,000,000

$ 4,000,000

$ 4,000,000

Settlement agreement, number of payments made | item

2

2

Number of stores requiring a fixed annual fee | item

59

Cabela [Member] | Forecast [Member]

Purchase Commitment, Excluding Long-term Commitment [Line Items]

Number of stores requiring a fixed annual fee | item

60

Bass Pro And Cabela [Member]

Purchase Commitment, Excluding Long-term Commitment [Line Items]

Settlement agreement, fixed fee

$ 6,900,000

Settlement agreement, amount kept as prepaid

$ 5,200,000

Settlement agreement, fixed fee expensed

$ 1,700,000

$ 1,400,000

Reduction of traffic in stores percentage

25.00%

Number of stores vacation packages are sold | item

105

Robert Barban [Member]

Purchase Commitment, Excluding Long-term Commitment [Line Items]

Number of plaintiffs | item

172

Notes Receivable Secured By VOIs [Member]

Purchase Commitment, Excluding Long-term Commitment [Line Items]

VOI sales volume, percentage

13.00%

10.00%

Average annual default rates

11.90%

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Taxes [Abstract]
Effective income tax rate	29.00%	15.00%
Income tax benefit due to agreement	$ 11,200,000
Income tax payments made or received due to agreement		$ 0
Recognized interest or penalties	$ 0

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Sep. 30, 2020
Related Party Transaction [Line Items]
Due to related parties	$ 75,000,000		$ 75,000,000
Transition Services Agreement, written notice period for termination	30 days
Dividends paid		$ 1,144,000
Spin-off [Member]
Related Party Transaction [Line Items]
Debt instrument term	5 years
Debt instrument, face amount	$ 75,000,000			$ 75,000,000
Interest rate				6.00%
Abdo Companies Inc. [Member]
Related Party Transaction [Line Items]
Related party transaction, purchases from related party	$ 38,000	77,000
Bluegreen [Member]
Related Party Transaction [Line Items]
Transition Services Agreement, minimum term	1 year
Transition Services Agreement, reimbursement	$ 200,000
BVH [Member]
Related Party Transaction [Line Items]
Management services expenses	100,000	$ 400,000
Accrued service fees	$ 300,000		$ 0
President And CEO [Member] | Class A and B Common Stock [Member]
Related Party Transaction [Line Items]
Percent of voting power	79.00%

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)segment	Mar. 31, 2020USD ($)
Segment Reporting Information [Line Items]
Total revenues	$ 127,154	$ 134,927
Interest income	19,261	21,200
Other income, net		170
Total revenues	146,415	156,297
Selling, general and administrative expenses	90,964	110,485
Interest expense	9,735	9,898
Other expense, net	161
Total costs and expenses	139,722	165,313
Income (loss) before income taxes	$ 6,693	(9,016)
Number of reportable segments | segment	2
Eliminations [Member]
Segment Reporting Information [Line Items]
Interest income		(1,200)
Total revenues	$ (1,311)	(2,795)
Selling, general and administrative expenses	(157)	(175)
Interest expense		(1,200)
Total costs and expenses	(1,311)	(2,795)
Sales Of VOIs And Financing [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Interest income	19,128	20,148
Total revenues	104,362	110,959
Selling, general and administrative expenses	65,654	83,138
Interest expense	4,163	4,664
Total costs and expenses	84,639	102,705
Income (loss) before income taxes	19,723	8,254
Add: Depreciation and amortization	1,405	1,559
Add: Severance		2,563
Segment Adjusted EBITDA	21,128	12,376
Resort Operations And Club Management [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	43,231	45,711
Total costs and expenses	25,194	31,447
Income (loss) before income taxes	18,037	14,264
Add: Depreciation and amortization	196	190
Add: Severance		1,134
Segment Adjusted EBITDA	18,233	15,588
Bluegreen [Member] | Corporate Expenses & Other [Member]
Segment Reporting Information [Line Items]
Interest income	77	1,718
Other income, net		133
Total revenues	77	1,851
Selling, general and administrative expenses	24,655	19,234
Interest expense	3,753	4,154
Other expense, net	214
Total costs and expenses	28,622	23,388
Income (loss) before income taxes	(28,545)	(21,537)
BVH [Member] | Corporate Expenses & Other [Member]
Segment Reporting Information [Line Items]
Interest income	56	534
Other income, net		37
Total revenues	56	571
Selling, general and administrative expenses	812	8,288
Interest expense	1,819	2,280
Other expense, net	(53)
Total costs and expenses	2,578	10,568
Income (loss) before income taxes	(2,522)	(9,997)
Sales of VOIs [Member]
Segment Reporting Information [Line Items]
Total revenues	55,931	45,128
Total costs and expenses	5,169	4,099
Sales of VOIs [Member] | Sales Of VOIs And Financing [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	55,931	45,128
Total costs and expenses	5,169	4,099
Fee-Based Sales Commission Revenue [Member]
Segment Reporting Information [Line Items]
Total revenues	25,718	41,365
Fee-Based Sales Commission Revenue [Member] | Sales Of VOIs And Financing [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	25,718	41,365
Other Fee-Based Services Revenue [Member]
Segment Reporting Information [Line Items]
Total revenues	28,897	29,314
Total costs and expenses	17,085	21,711
Other Fee-Based Services Revenue [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total costs and expenses	7,780	7,914
Other Fee-Based Services Revenue [Member] | Sales Of VOIs And Financing [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	2,274	2,723
Total costs and expenses	719	1,470
Other Fee-Based Services Revenue [Member] | Resort Operations And Club Management [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	26,623	26,591
Total costs and expenses	8,586	12,327
Net Carrying Cost Of VOI Inventory [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total costs and expenses	(7,780)	(7,914)
Net Carrying Cost Of VOI Inventory [Member] | Sales Of VOIs And Financing [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total costs and expenses	7,780	7,914
Cost Reimbursements [Member]
Segment Reporting Information [Line Items]
Total revenues	16,608	19,120
Total costs and expenses	16,608	19,120
Cost Reimbursements [Member] | Resort Operations And Club Management [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	16,608	19,120
Total costs and expenses	16,608	19,120
Mortgage Servicing [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total revenues	(1,311)	(1,595)
Total costs and expenses	(1,154)	(1,420)
Mortgage Servicing [Member] | Sales Of VOIs And Financing [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	1,311	1,595
Total costs and expenses	$ 1,154	$ 1,420

Noncontrolling Interests (Narra

Noncontrolling Interests (Narrative) (Details) - Bluegreen [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Noncontrolling Interest [Line Items]
Number of common shares repurchased	0	1,878,400
Payments for repurchase plan		$ 11.7

Noncontrolling Interests (Sched

Noncontrolling Interests (Schedule Of Noncontrolling Interests In Consolidated Subsidiaries) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Noncontrolling Interest [Line Items]
Total noncontrolling interests	$ 77,377	$ 74,847
Bluegreen [Member]
Noncontrolling Interest [Line Items]
Total noncontrolling interests	23,185	22,821
Bluegreen/Big Cedar Vacations, LLC [Member]
Noncontrolling Interest [Line Items]
Total noncontrolling interests	$ 54,192	$ 52,026
Bluegreen [Member] | Bluegreen [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interest ownership percentage by parent	93.00%
Bluegreen [Member] | Bluegreen/Big Cedar Vacations, LLC [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interest ownership percentage by noncontrolling owner	51.00%

Noncontrolling Interests (Sch_2

Noncontrolling Interests (Schedule Of Income Attributable To Noncontrolling Interests) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Noncontrolling Interest [Line Items]
Net income attributable to noncontrolling interest - continuing operations	$ 2,530	$ 951
Bluegreen [Member]
Noncontrolling Interest [Line Items]
Net income attributable to noncontrolling interest - continuing operations	364	215
Bluegreen/Big Cedar Vacations, LLC [Member]
Noncontrolling Interest [Line Items]
Net income attributable to noncontrolling interest - continuing operations	$ 2,166	$ 736

Discontinued Operations (Narrat

Discontinued Operations (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)segment	Mar. 31, 2020USD ($)
Discontinued Operations [Abstract]
Income Tax Expense (Benefit) | $	$ 1,189	$ (1,453)
Number of reportable segments | segment	2

Discontinued Operations (Summar

Discontinued Operations (Summary Of Income (Loss) Of Discontinued Operations) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ 47,984
Costs and expenses	76,478
Equity in net (losses) earnings of unconsolidated real estate joint ventures	551
Foreign exchanges (loss) gain	278
Other income	36
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax, Total	(27,629)
Trade Sales [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	40,877
Costs and expenses	29,772
Sales Of Real Estate Inventory [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	6,439
Costs and expenses	4,632
Interest Income [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	116
Net Gains (Losses) On Sales Of Real Estate Assets [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	(46)
Other Revenue [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	598
Interest Expense [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest expense	(65)
Recoveries From Loan Losses, Net [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Costs and expenses	(3,512)
Impairment Losses [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Costs and expenses	28,283
Selling, General And Administrative Expenses [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Costs and expenses	$ 17,368

Discontinued Operations (Summ_2

Discontinued Operations (Summary Of Cash Flows Of Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Recoveries from loan losses, net		$ (3,512)
Provision for loan losses	$ 12,319	30,353
Depreciation, amortization and accretion, net	5,189	6,902
Share-based compensation expense		2,731
Net losses on sales of real estate and property and equipment	11	3
Equity earnings of unconsolidated real estate joint ventures		(551)
Return on investment in unconsolidated real estate joint ventures		1,430
(Decrease) increase in deferred income tax liability	(4,440)	(6,052)
Impairment losses		28,283
VOI Inventory	2,032	(356)
Notes receivable	(4,534)	(11,184)
Trade inventory		312
Real estate inventory		1,241
Prepaid expense and other assets	(15,192)	(10,582)
Accounts payable, accrued liabilities and other, and deferred income	11,080	(38,197)
Investing activities:
Investments in unconsolidated real estate joint ventures		(2,922)
Proceeds from repayment of loans receivable		3,909
Proceeds from sales of real estate		100
Additions to real estate		(51)
Purchases of property and equipment	$ (4,049)	(6,549)
BBX Capital, Inc. [Member]
Operating activities:
Net (loss) income		(23,252)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Recoveries from loan losses, net		(3,512)
Depreciation, amortization and accretion, net		1,951
Net losses on sales of real estate and property and equipment		47
Equity earnings of unconsolidated real estate joint ventures		(551)
Return on investment in unconsolidated real estate joint ventures		1,430
(Decrease) increase in deferred income tax liability		(4,377)
Impairment losses		28,283
Notes receivable		(1,734)
Trade inventory		312
Real estate inventory		1,241
Net change in operating lease asset and operating lease liability		321
Prepaid expense and other assets		(325)
Accounts payable, accrued liabilities and other, and deferred income		(1,047)
Net cash provided by (used in) operating activities		(1,213)
Investing activities:
Investments in unconsolidated real estate joint ventures		(2,922)
Proceeds from repayment of loans receivable		3,909
Additions to real estate		(51)
Purchases of property and equipment		(3,548)
Decrease in cash from other investing activities		(47)
Net cash (used in) provided by investing activities		$ (2,659)

Uncategorized Items - bvh-20210

Label	Element	Value
Disposal Group, Including Discontinued Operation, Cash	us-gaap_DisposalGroupIncludingDiscontinuedOperationCash	$ 18,203,000