Bluegreen Vacations Holding (BVH) 10-Q 2 Aug 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 02, 2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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	561
Local Phone Number	912-8000
Title of 12(b) Security	Class A Common Stock, $.01 par value
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	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000315858
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		13,373,666
Class B Common Stock [Member]
Entity Common Stock, Shares Outstanding		3,664,117

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 178,740	$ 175,683
Restricted cash ($27,027 and $19,461 in VIEs at June 30, 2023 and December 31, 2022, respectively)	52,213	50,845
Notes receivable	842,481	763,801
Less: Allowance for loan loss	(223,894)	(211,311)
Notes receivable, net ($392,612 and $354,403 in VIEs at June 30, 2023 and December 31, 2022, respectively)	618,587	552,490
Vacation ownership interest ("VOI") inventory	447,963	389,864
Property and equipment, net	87,331	85,915
Intangible assets, net	61,293	61,293
Operating lease assets	20,911	22,963
Prepaid expenses	25,566	23,833
Other assets	32,979	35,499
Total assets	1,525,583	1,398,385
Liabilities
Accounts payable	25,843	21,389
Deferred income	16,828	15,675
Accrued liabilities and other	118,232	110,048
Receivable-backed notes payable - recourse	19,457	20,841
Receivable-backed notes payable - non-recourse (in VIEs)	505,468	440,781
Note payable to BBX Capital, Inc.	35,000	50,000
Notes payable and other borrowings	240,355	218,738
Junior subordinated debentures	136,591	136,011
Operating lease liabilities	25,472	27,716
Deferred income taxes	120,275	113,193
Total liabilities	1,243,521	1,154,392
Commitments and Contingencies - See Note 9
Equity
Preferred stock of $0.01 par value; authorized 10,000,000 shares
Additional paid-in capital	49,849	46,821
Accumulated earnings	151,277	124,680
Total Bluegreen Vacations Holding Corporation equity	201,285	171,660
Non-controlling interests	80,777	72,333
Total equity	282,062	243,993
Total liabilities and equity	1,525,583	1,398,385
Class A Common Stock [Member]
Equity
Common stock	122	122
Class B Common Stock [Member]
Equity
Common stock	$ 37	$ 37

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Restricted cash	$ 52,213	$ 50,845
Notes receivable, net	$ 618,587	$ 552,490
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	$ 27,027	$ 19,461
Notes receivable, net	$ 392,612	$ 354,403
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	12,204,198	12,165,825
Common stock, shares outstanding	12,204,198	12,165,825
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	3,664,117	3,664,117
Common stock, shares outstanding	3,664,117	3,664,117

Consolidated Statements Of Oper

Consolidated Statements Of Operations And Comprehensive Income - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue:
Total revenues		$ 226,587	$ 212,064	$ 416,560	$ 384,447
Interest income	[1]	30,953	23,506	59,788	45,704
Other income, net		3,078		3,342	473
Total revenues		260,618	235,570	479,690	430,624
Costs and expenses:
Interest expense		17,741	10,356	34,210	18,114
Selling, general and administrative expenses		148,053	149,158	279,492	268,457
Other expense, net			68
Total costs and expenses		226,148	207,563	425,336	377,220
Income before income taxes		34,470	28,007	54,354	53,404
Provision for income taxes		(8,019)	(6,171)	(12,498)	(12,361)
Net income		26,451	21,836	41,856	41,043
Less: Income attributable to noncontrolling interests		4,538	4,052	8,444	7,272
Net income attributable to shareholders		21,913	17,784	33,412	33,771
Comprehensive income attributable to shareholders		$ 21,913	$ 17,784	$ 33,412	$ 33,771
Basic earnings per share	[2]	$ 1.38	$ 0.88	$ 2.11	$ 1.65
Diluted earnings per share	[2]	$ 1.34	$ 0.87	$ 2.05	$ 1.63
Basic weighted average number of common shares outstanding		15,868	20,226	15,864	20,500
Diluted weighted average number of common and common equivalent shares outstanding		16,310	20,389	16,278	20,678
Sales of VOIs [Member]
Revenue:
Gross sales		$ 179,685	$ 170,787	$ 328,544	$ 286,395
Provision for loan losses		(29,324)	(26,526)	(54,570)	(43,105)
Total revenues	[3]	150,361	144,261	273,974	243,290
Cost Of VOIs [Member]
Costs and expenses:
Total costs and expenses		17,387	18,221	32,717	30,063
Fee-Based Sales Commission Revenue [Member]
Revenue:
Total revenues	[3]	13,881	18,850	25,572	42,934
Other Fee-Based Services Revenue [Member]
Revenue:
Total revenues		36,045	32,785	69,345	63,991
Costs and expenses:
Total costs and expenses		16,667	13,592	31,248	26,354
Cost Reimbursements [Member]
Revenue:
Total revenues	[4]	26,300	16,168	47,669	34,232
Costs and expenses:
Total costs and expenses		$ 26,300	$ 16,168	$ 47,669	$ 34,232
Class A and B Common Stock [Member]
Costs and expenses:
Cash dividends declared per Class A and B common share		$ 0.20	$ 0.15	$ 0.40	$ 0.15
[1] Interest income of $ 29.3 million and $ 23.4 million for the three months ended June 30, 2023 and 2022, respectively, and $ 57.2 million and $ 45.5 million for the six months ended June 30, 2023 and 2022, respectively, are included in the Company’s sales of VOIs and f inancing segment described in Note 14. Basic and Diluted EPS are calculated the same for both Class A and B common shares. Included in the Company’s sales of VOIs and financing segment described in Note 14. Included in the Company’s resort operations and club management segment described in Note 14.

Consolidated Statements Of Equi

Consolidated Statements Of 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]	Total Shareholders' Equity [Member]	Non-controlling Interests [Member]	Total
Beginning balance at Dec. 31, 2021	$ 171	$ 37	$ 173,909	$ 69,316	$ 243,433	$ 60,367	$ 303,800
Beginning balance, shares at Dec. 31, 2021	17,118	3,665
Conversion of Common Stock from Class B to Class A, shares	1
Conversion of Common Stock from Class B to Class A, shares		(1)
Share-based compensation			745		745		745
Purchase and retirement of common stock, value	$ (2)		(4,700)		(4,702)		(4,702)
Purchase and retirement of common stock, shares	(152)
Net income				15,988	15,988	3,220	19,208
Ending balance at Mar. 31, 2022	$ 169	$ 37	169,954	85,304	255,464	63,587	319,051
Ending balance, shares at Mar. 31, 2022	16,967	3,664
Beginning balance at Dec. 31, 2021	$ 171	$ 37	173,909	69,316	243,433	60,367	303,800
Beginning balance, shares at Dec. 31, 2021	17,118	3,665
Net income							41,043
Ending balance at Jun. 30, 2022	$ 160	$ 37	144,658	99,960	244,815	67,639	312,454
Ending balance, shares at Jun. 30, 2022	16,050	3,664
Beginning balance at Mar. 31, 2022	$ 169	$ 37	169,954	85,304	255,464	63,587	319,051
Beginning balance, shares at Mar. 31, 2022	16,967	3,664
Dividends				(3,128)	(3,128)		(3,128)
Share-based compensation			817		817		817
Purchase and retirement of common stock, value	$ (9)		(26,113)		(26,122)		(26,122)
Purchase and retirement of common stock, shares	(917)
Net income				17,784	17,784	4,052	21,836
Ending balance at Jun. 30, 2022	$ 160	$ 37	144,658	99,960	244,815	67,639	312,454
Ending balance, shares at Jun. 30, 2022	16,050	3,664
Beginning balance at Dec. 31, 2022	$ 122	$ 37	46,821	124,680	171,660	72,333	243,993
Beginning balance, shares at Dec. 31, 2022	12,166	3,664
Dividends				(3,408)	(3,408)		(3,408)
Share-based compensation			1,457		1,457		1,457
Issuance of common stock from vesting restricted stock awards, value			(8)		(8)		(8)
Issuance of common stock from vesting restricted stock awards, shares	38
Net income				11,499	11,499	3,906	15,405
Ending balance at Mar. 31, 2023	$ 122	$ 37	48,270	132,771	181,200	76,239	257,439
Ending balance, shares at Mar. 31, 2023	12,204	3,664
Beginning balance at Dec. 31, 2022	$ 122	$ 37	46,821	124,680	171,660	72,333	243,993
Beginning balance, shares at Dec. 31, 2022	12,166	3,664
Net income							41,856
Ending balance at Jun. 30, 2023	$ 122	$ 37	49,849	151,277	201,285	80,777	282,062
Ending balance, shares at Jun. 30, 2023	12,204	3,664
Beginning balance at Mar. 31, 2023	$ 122	$ 37	48,270	132,771	181,200	76,239	257,439
Beginning balance, shares at Mar. 31, 2023	12,204	3,664
Dividends				(3,407)	(3,407)		(3,407)
Share-based compensation			1,579		1,579		1,579
Net income				21,913	21,913	4,538	26,451
Ending balance at Jun. 30, 2023	$ 122	$ 37	$ 49,849	$ 151,277	$ 201,285	$ 80,777	$ 282,062
Ending balance, shares at Jun. 30, 2023	12,204	3,664

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities:
Net income	$ 41,856	$ 41,043
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	54,570	43,105
Depreciation and amortization	10,013	10,641
Share-based compensation expense	3,036	1,562
Gain on repayment of note payable to BBX Capital	(930)
Loss on disposal of property and equipment	62	22
Increase in deferred income tax liability	7,082	6,040
Changes in operating assets and liabilities:
Notes receivable	(120,667)	(79,430)
VOI inventory	(58,750)	19,854
Prepaids expense and other assets	261	10,362
Accounts payable, accrued liabilities and other, and deferred income	13,599	15,725
Net cash (used in) provided by operating activities	(49,868)	68,924
Investing activities:
Purchases of property and equipment	(8,666)	(7,867)
Net cash used in investing activities	(8,666)	(7,867)
Financing activities:
Repayments of notes payable and other borrowings	(336,388)	(195,981)
Proceeds from notes payable and other borrowings	411,674	254,350
Payments for debt issuance costs	(5,504)	(4,233)
Issuance of common stock from vesting restricted stock awards	(8)
Purchase and retirement of common stock		(30,824)
Dividends paid on common stock	(6,815)	(3,127)
Net cash provided by financing activities	62,959	20,185
Net increase in cash and cash equivalents and restricted cash	4,425	81,242
Cash, cash equivalents and restricted cash at beginning of period	226,528	183,079
Cash, cash equivalents and restricted cash at end of period	230,953	264,321
Supplemental cash flow information:
Interest paid on borrowings, net of amounts capitalized	29,643	15,444
Income taxes paid	4,851	5,174
Supplementary disclosure of non-cash investing activities:
Transfer of property and equipment to inventory		1,501
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	178,740	222,076
Restricted cash	52,213	42,245
Total cash, cash equivalents, and restricted cash	$ 230,953	$ 264,321

Organization And Basis Of Finan

Organization And Basis Of Financial Statement Presentation	6 Months Ended
	Jun. 30, 2023
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 is a Florida-based holding company which owns 100 % of Bluegreen Vacations Corporation (“Bluegreen”). Bluegreen Vacations Holding Corporation as a standalone entity without its subsidiaries is sometimes referred to herein as “BVH” . Unless stated to the contrary or the context otherwise requires, Bluegreen Vacations Holding Corporation with its subsidiaries, including Bluegreen, is referred to herein as the “Company”, “we”, “us” or “our”. The Company 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. 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, 2022, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, filed with the Securities and Exchange Commission (the “SEC”) on March 13, 2023 (the “2022 Annual Report on Form 10-K”). Our Business 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, Panama City Beach, Las Vegas, the Smoky Mountains, Myrtle Beach, Charleston, the Branson, Missouri area, 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 Bluegreen Vacation Club (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. Principles of Consolidation and Basis of Presentation The Company’s unaudited consolidated financial statements include the accounts of its wholly owned subsidiaries, entities in which the Company or its consolidated subsidiaries hold controlling financial interests, including Bluegreen/Big Cedar Vacations LLC (a joint venture in which Bluegreen is deemed to hold a controlling financial interest based on its 51 % equity interest, its active role as the day-to-day manager of its activities, and Bluegreen’s majority voting control of its management committee (“Bluegreen/Big Cedar Vacations”)), and any variable interest entities (“VIEs”) of which the Company or one of its consolidated subsidiaries is deemed the primary beneficiary. All significant inter-company accounts and transactions have been eliminated in consolidation. 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 estimates are based on 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 may continue to be affected by adverse trends affecting general economic conditions, including rising interest rates, inflation and decreases in discretionary spending. The severity, magnitude and duration, as well as the economic consequences of these factors are uncertain, subject to change and difficult to predict. As a result, accounting estimates and assumptions may change over time. Such changes could result in, among other adjustments, incremental loan losses on 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. On an ongoing basis, management evaluates its estimates, including those that relate to the estimated future sales value of inventory; the recognition of revenue; the allowance for loan losses; the recovery of the carrying value of real estate inventories; the fair value of assets measured at, or compared to, fair value on a non-recurring basis; the estimate of contingent liabilities related to litigation and other claims and assessments; and deferred income taxes. Management bases its estimates on historical experience and on various other assumptions that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ materially from these estimates under different assumptions and conditions.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2023
New Accounting Pronouncements [Abstract]
New Accounting Pronouncements	2. New Accounting Pronouncements Recently Adopted Accounting Pronouncements In March 2022, the FASB issued ASU 2022-02, “Financial Instruments – Credit Losses (Topic 326) – Troubled Debt Restructurings and Vintage Disclosures” (“ASU-2022-02”), which eliminates the recognition and measurement guidance applicable to troubled debt restructurings for creditors and enhances disclosure requirements with respect to loan modifications for borrowers experiencing financial difficulty. ASU 2022-02 also requires disclosure of current-period gross write-offs by year of origination to be presented in the vintage disclosures for VOI notes receivable. This update is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted ASU 2022-02 as of January 1, 2023. The adoption did not have a material effect on the Company’s financial statements or disclosures other than disclosure related to changes in vintage disclosures relating to VOI notes receivable. Accounting Pronouncements Not Yet Adopted The FASB has issued the following accounting pronouncement and guidance relevant to the Company’s operations which had not yet been adopted as of June 30, 2023: 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 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 finalizing transition plans as it relates to derivatives and cash markets exposed to LIBOR. The Company’s VOI notes receivable from its borrowers are not indexed to LIBOR, but as of June 30, 2023, the Company had $ 170.9 million of LIBOR indexed junior subordinated debentures. Effective July 1 2023, all of the Company’s LIBOR indexed junior subordinated debentures were transitioned to an alternative reference rate plus a spread. The adoption did not have a material effect on the Company’s financial statements or disclosures. In May 2023, the Securities and Exchange Commission (“SEC”) adopted Release Nos. 34-93783, “Share Repurchase Disclosure Modernization,” which requires public issuers to provide new and expanded disclosures of share repurchases in certain periodic reports filed with the SEC. The issuer is required to include a tabular disclosure of its repurchase activity aggregated on a daily basis disclosed either quarterly or semi-annually, as well as certain data related to officer and director purchases and sales of shares subject to an issuer’s share repurchase plan within four business days before or after the announcement of such plan. This release is effective for the first full fiscal quarter beginning on or after October 1, 2023. The Company does not believe the adoption will have a material effect on its financial statements or disclosures. In July 2023, the SEC adopted rules to enhance and standardize disclosures by requiring registrants to timely report on cybersecurity incidents on Forms 8-K and 6-K and make disclosures about their cybersecurity risk management, strategy and governance in annual reports. Registrants must provide the risk management, strategy and governance disclosures in their 2023 annual reports. Most registrants must comply with the incident disclosure requirements on the later of 90 days after publication in the Federal Register or 18 December 2023. The Company does believe the adoption will have a material impact on its financial statements or disclosures.

Revenue From Contracts With Cus

Revenue From Contracts With Customers	6 Months Ended
	Jun. 30, 2023
Revenue From Contracts With Customers [Abstract]
Revenue From Contracts With Customers	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 For the Six Months Ended June 30, June 30, 2023 2022 2023 2022 Sales of VOIs (1) $ 150,361 $ 144,261 $ 273,974 $ 243,290 Fee-based sales commission revenue (1) 13,881 18,850 25,572 42,934 Resort and club management revenue (2) 30,214 26,826 58,267 53,022 Cost reimbursements (2) 26,300 16,168 47,669 34,232 Title fees and other (1) 3,244 3,434 6,352 6,517 Other revenue (2) 2,587 2,525 4,726 4,452 Revenue from customers 226,587 212,064 416,560 384,447 Interest income (3) 30,953 23,506 59,788 45,704 Other income, net 3,078 — 3,342 473 Total revenue $ 260,618 $ 235,570 $ 479,690 $ 430,624 (1) Included in the Company’s sales of VOIs and financing segment described in Note 14. (2) Included in the Company’s resort operations and club management segment described in Note 14. (3) Interest income of $ 29.3 million and $ 23.4 million for the three months ended June 30, 2023 and 2022, respectively, and $ 57.2 million and $ 45.5 million for the six months ended June 30, 2023 and 2022, respectively, are included in the Company’s sales of VOIs and f inancing segment described in Note 14. As of June 30, 2023 and December 31, 2022, the Company had commission receivables, net of an allowance, of $ 6.9 million and $ 10.3 million, respectively, related to sales of VOIs owned by third-parties, which are included in other assets in the unaudited consolidated balance sheets. Commission receivables relate to contracts with customers, including amounts associated with the Company’s contractual right to consideration for completed perform ance obligations, and are settled when the related cash is received. Commission receivables are recorded as revenue when the right to the consideration is only contingent on the passage of time. Contract liabilities include payments received or due in advance of satisfying performance obligations, including points awarded to customers as an incentive for the purchase of VOIs that may be redeemed in the future, advance deposits on owner programs for future services, and deferred revenue on prepaid vacation packages for future stays at the Company’s resorts or nearby hotels. Both points incentives and owner programs are recognized upon redemption, and deferred revenue for vacation packages is recognized net of sales and marketing expenses upon customer stays. Contract liabilities are included in deferred income in the Company’s unaudited consolidated balance sheets. The following table sets forth the Company’s contract liabilities as of June 30, 2023 and December 31, 2022 (in thousands): June 30, December 31, 2023 2022 Point incentives $ 3,202 $ 3,944 Owner programs 2,098 2,149 Deferred revenue vacation packages 1,213 1,136 $ 6,513 $ 7,229

Notes Receivable

Notes Receivable	6 Months Ended
	Jun. 30, 2023
Notes Receivable [Abstract]
Notes Receivable	4 . Notes Receivable The table below provides information relating to the Company’s notes receivable and its allowance for loan losses (dollars in thousands): As of June 30, December 31, 2023 2022 Notes receivable secured by VOIs: VOI notes receivable - non-securitized $ 308,060 $ 279,888 VOI notes receivable - securitized 534,421 483,913 Gross VOI notes receivable 842,481 763,801 Allowance for loan losses - non-securitized ( 82,085 ) ( 81,801 ) Allowance for loan losses - securitized ( 141,809 ) ( 129,510 ) Allowance for loan losses ( 223,894 ) ( 211,311 ) VOI notes receivable, net $ 618,587 $ 552,490 Allowance as a % of Gross VOI notes receivable 27 % 28 % The weighted-average interest rate charged on the Company’s notes receivable secured by VOIs was 15.2 % and 15.3 % at June 30, 2023 and December 31, 2022, respectively . All of the Company’s VOI notes receivable bear interest at fixed rates. The Company’s VOI notes receivable are primarily secured by VOI inventory located in Florida, Missouri, South Carolina, Tennessee, Nevada and Virginia. Allowance for Loan Losses The activity in the Company’s allowance for loan losses was as follows (in thousands): For the Six Months Ended June 30, 2023 2022 Balance, beginning of period $ 211,311 $ 163,107 Provision for loan losses 54,570 43,105 Less: Write-offs of uncollectible receivables ( 41,987 ) ( 28,390 ) Balance, end of period $ 223,894 $ 177,822 The table below represents the gross write-offs of financing receivables by year of origination (in thousands): For the Six Months Ended June 30, 2023 2023 $ 70 2022 15,102 2021 13,483 2020 4,253 2019 3,766 Prior 5,313 Total $ 41,987 The Company monitors the credit quality of its receivables on an ongoing basis. The Company holds large amounts of homogeneous VOI notes receivable and assesses uncollectibility based on pools of receivables as it does not believe that there are significant concentrations of credit risk with any borrower or groups of borrowers. In estimating loan losses, the Company 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 Company records the difference between its VOI notes receivable and the variable consideration included in the transaction price for the sale of the related VOI as an allowance for loan losses and records the VOI notes receivable net of the allowance. Adverse changes in economic conditions, including rising interest rates and inflationary trends, have had and may continue to have an adverse impact on the collectability of our VOI notes receivable and we are continuing to evaluate the impact they may have on our default and/or delinquency rates. Our estimates may not prove to be correct and our allowance for loan losses may not prove to be adequate . Additional information about the Company’s VOI notes receivable by year of origination is as follows as of June 30, 2023 (in thousands): Year of Origination 2023 2022 2021 2020 2019 2018 and Prior Total 701+ $ 159,446 $ 171,930 $ 69,990 $ 27,664 $ 34,989 $ 55,275 $ 519,294 601-700 49,361 101,589 51,389 20,542 20,838 42,920 286,639 <601 (1) 5,284 6,341 2,507 1,806 2,455 4,140 22,533 Other — 1,371 2,191 1,342 2,387 6,724 14,015 Total by FICO score $ 214,091 $ 281,231 $ 126,077 $ 51,354 $ 60,669 $ 109,059 $ 842,481 (1) Includes VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers). Additional information about the Company’s VOI notes receivable by year of origination is as follows as of December 31, 2022 (in thousands): Year of Origination 2022 2021 2020 2019 2018 2017 and Prior Total 701+ $ 208,052 $ 88,445 $ 34,927 $ 43,765 $ 28,001 $ 43,228 $ 446,418 601-700 111,796 63,483 25,003 25,613 18,609 35,890 280,394 <601 (1) 8,844 3,181 2,222 2,876 1,818 3,595 22,536 Other 663 3,501 1,352 2,579 2,504 3,854 14,453 Total by FICO score $ 329,355 $ 158,610 $ 63,504 $ 74,833 $ 50,932 $ 86,567 $ 763,801 (1) Includes VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers). The percentage of gross notes receivable outstanding by FICO score of the borrower at the time of origination were as follows: As of June 30, December 31, 2023 2022 FICO Score 700+ 62 % 59 % 601-699 35 38 <600 2 2 No Score (1) 1 1 Total 100 % 100 % (1) Primarily foreign borrowers. The Company’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 June 30, 2023 and December 31, 2022, $ 26.1 million and $ 24.2 million, respectively, of our VOI notes receivable were more than 90 days past due, and accordingly, consistent with our policy, were not accruing interest income. After approximately 127 days, VOI notes receivable are generally written off against the allowance for loan losses. Accrued interest was $ 6.2 million and $ 5.8 million as of June 30, 2023 and December 31, 2022, respectively, and is included within other assets in the Company’s unaudited consolidated balance sheets herein. The following table shows the delinquency status of the Company’s VOI notes receivable as of June 30, 2023 and December 31, 2022 (in thousands): As of June 30, December 31, 2023 2022 Current $ 795,831 $ 721,736 31-60 days 10,753 9,612 61-90 days 9,767 8,243 Over 91 days 26,130 24,210 Total $ 842,481 $ 763,801

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2023
Variable Interest Entities [Abstract]
Variable Interest Entities	5 . Variable Interest Entities The Company 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 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 and are generally collateralized by a single tranche of transferred assets, which consist of VOI notes receivable. In these securitizations, the Company generally retains a portion of the securities and continues to service 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. 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 the Company; 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 June 30, 2023 and December 31, 2022, the Company was in compliance with the terms of its securitization transactions, and no trigger events had occurred. In accordance with applicable accounting guidance for the consolidation of VIEs, the Company analyzes its variable interests, which may consist of loans, servicing rights, guarantees, and equity investments, to determine if an entity in which it has a variable interest is a VIE. The analysis includes a review of both quantitative and qualitative factors. The Company 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. The Company also uses its qualitative analysis to determine if it must consolidate a VIE as the primary beneficiary. In accordance with applicable accounting guidance, the Company has determined these securitization entities to be VIEs of which it is the primary beneficiary and, therefore, the Company consolidates the entities into its financial statements. Under the terms of certain VOI notes receivable sales, the Company 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 of defaulted notes for the six months ended June 30, 2023 and 2022 were $ 11.0 million and $ 4.4 million, respectively. The Company’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 the Company’s consolidated VIEs were as follows (in thousands): As of June 30, December 31, 2023 2022 Restricted cash $ 27,027 $ 19,461 Securitized notes receivable, net 392,612 354,403 Receivable backed notes payable - non-recourse 505,468 440,781 The restricted cash and the securitized notes receivable balances disclosed in the table above are restricted to satisfy obligations of the VIEs.

VOI Inventory

VOI Inventory	6 Months Ended
	Jun. 30, 2023
VOI Inventory [Abstract]
VOI Inventory	6. VOI Inventory The Company’s VOI inventory consisted of the following (in thousands): As of June 30, December 31, 2023 2022 Completed VOI units $ 282,467 $ 317,492 Construction-in-progress 100,029 8,537 Real estate held for future development 65,467 63,835 Total $ 447,963 $ 389,864 Construction-in-progress consists primarily of renovation and expansion activity at resorts in Orlando, Florida, Panama City Beach, Florida and Vail, Colorado. In April 2023, Bluegreen/Big Cedar Vacations purchased a resort in Branson, Missouri for $ 7.1 million including transaction costs. The transaction was accounted for as an asset acquisition with the purchase price allocated to VOI inventory in the Company’s unaudited consolidated balance sheet as of June 30, 2023 . In May 2023, the Company purchased the property and other assets of a resort located in Nashville, Tennessee for approximately $ 53.6 million including transaction costs. The transaction was accounted for as an asset acquisition. Of the purchase price, $ 51.6 million was allocated to VOI inventory and $ 2.0 million was allocated to certain property and equipment in the Company’s unaudited consolidated balance sheet as of June 30, 2023.

Debt

Debt	6 Months Ended
	Jun. 30, 2023
Debt [Abstract]
Debt	7. Debt Lines-of-Credit and Notes Payable Financial data related to our lines of credit and notes payable (other than receivable-backed notes payable, which are discussed below) as of June 30, 2023 and December 31, 2022, were as follows (dollars in thousands): As of June 30, 2023 December 31, 2022 Balance Interest Rate Carrying Amount of Pledged Assets Balance Interest Rate Carrying Amount of Pledged Assets Panama City Beach Acquisition Loan $ 53,500 7.33 % $ 78,631 $ 54,500 6.16 % $ 77,334 Fifth Third Syndicated LOC 95,000 6.90 % 67,665 70,000 5.92 % 68,413 Fifth Third Syndicated Term Loan 93,750 6.90 % 66,774 96,250 5.40 % 94,068 Unamortized debt issuance costs ( 1,895 ) ( 2,012 ) Total $ 240,355 $ 213,070 $ 218,738 $ 239,815 There were no new debt issuances or significant changes related to the above listed facilities during the six months ended June 30, 2023. See Note 10 to the Company’s Consolidated Financial Statements included in its 2022 Annual Report on Form 10-K for additional information regarding the lines-of-credit and notes payable facilities listed above. Receivable-Backed Notes Payable Financial data related to our receivable-backed notes payable facilities as of June 30, 2023 and December 31, 2022 were as follows (dollars in thousands): As of June 30, 2023 December 31, 2022 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 (1) $ 5,000 7.75 % $ 7,267 $ 5,000 6.50 % $ 8,470 NBA Receivables Facility (2) 10,000 7.21 % 14,070 10,000 6.62 % 13,664 Pacific Western Facility (3) 4,457 7.67 % 8,215 5,841 6.82 % 10,171 Total 19,457 29,552 20,841 32,305 Receivable-backed notes payable - non-recourse: Liberty Bank Facility (1) $ 15,201 7.75 % $ 22,093 $ 4,907 6.50 % $ 8,312 NBA Receivables Facility (2) 23,000 7.21 % 32,362 20,866 6.62 % 28,512 Syndicated Warehouse Facility — — — 104,953 5.87 % 125,486 Quorum Purchase Facility 11,485 4.95 - 5.10 % 13,128 14,007 4.95 - 5.10 % 16,302 2015 Term Securitization — — — 7,925 3.02 % 8,516 2016 Term Securitization 12,395 3.35 % 13,039 16,061 3.35 % 16,714 2017 Term Securitization 21,439 3.12 % 23,200 26,521 3.12 % 28,612 2018 Term Securitization 31,909 4.02 % 35,046 39,326 4.02 % 43,163 2020 Term Securitization 60,520 2.60 % 67,211 69,240 2.60 % 77,183 2022 Term Securitization 124,600 4.60 % 138,665 142,106 4.60 % 160,000 2023 Term Securitization 214,605 6.32 % 242,604 — — — Unamortized debt issuance costs and discounts (4) ( 9,686 ) ( 5,131 ) Total 505,468 587,348 440,781 512,800 Total receivable-backed debt $ 524,925 $ 616,900 $ 461,622 $ 545,105 (1) Recourse on the Liberty Bank Facility is generally limited to $ 5.0 million, subject to certain exceptions. (2) Recourse on the NBA Receivables Facility is generally limited to $ 10.0 million, subject to certain exceptions. (3) Recourse on the Pacific Western Facility is generally limited to $ 7.5 million, subject to certain exceptions. (4) This amount includes unamortized discount of $ 2.3 million on the 2023 Term Securitization as of June 30, 2023. In June 2023, Bluegreen completed a private offering and sale of $ 214.6 million of VOI receivable-backed notes (the “2023 Term Securitization”). The 2023 Term Securitization consisted of the issuance of three tranches of VOI receivable-backed notes (collectively, the “Notes”) with a weighted average coupon rate of approximately 6.32 % and a maturity date in November 2038. The gross advance rate for this transaction was 85.5 %. The amount of the VOI receivables sold to BXG Receivables Note Trust 2023-A (the “Trust”) in the transaction was approximately $ 251.0 million. The gross proceeds of such sales to the Trust were $ 212.2 million. A portion of the proceeds were used to: repay all amounts outstanding under Bluegreen’s existing VOI receivable-backed notes purchase facilities (approximately $ 181.6 million); capitalize a reserve fund; and pay fees and expenses associated with the transaction. The remainder of the gross proceeds from the 2023 Term Securitization were used for general corporate purposes. The purchase facility allows for maximum outstanding receivable-backed borrowings of $ 250.0 million on a revolving basis through September 30, 2025, subject to eligible collateral and the other terms and conditions of the facility. Thus, additional availability of approximately $ 181.6 million in the aggregate is expected as a result of the repayment described above. Subject to performance of the collateral, Bluegreen will receive any excess cash flows generated by the receivables transferred under the 2023 Term Securitization (excess meaning after payments of customary fees, interest and principal under the 2023 Term Securitization) on a pro-rata basis as borrowers make payments on their VOI loans. While ownership of the VOI receivables included in the 2023 Term Securitization is transferred and sold for legal purposes, the transfer of these receivables is accounted for as a secured borrowing for financial accounting purposes. Accordingly, no gain or loss was recognized as a result of this transaction. Except as described above, there were no new debt issuances or significant changes related to the above listed facilities during the six months ended June 30, 2023. See Note 10 to the Company’s Consolidated Financial Statements included in its 2022 Annual Report on Form 10-K for additional information regarding the receivable-backed notes payable facilities listed above. Junior Subordinated Debentures Financial data relating to the Company’s junior subordinated debentures as of June 30, 2023 and December 31, 2022 was as follows (dollars in thousands): June 30, 2023 December 31, 2022  Effective Effective  Carrying Interest Carrying Interest Maturity  Amounts Rates (1) Amounts Rates (1) Years (2) Woodbridge - Levitt Capital Trusts I - IV $ 66,302 8.96 - 9.10 % $ 66,302 7.47 - 8.21 % 2035 - 2036 Bluegreen Statutory Trusts I - VI 104,595 10.01 - 10.15 % 104,595 8.52 - 9.26 % 2035 - 2037 Unamortized debt issuance costs ( 878 ) ( 914 ) Unamortized purchase discount ( 33,428 ) ( 33,972 ) Total junior subordinated debentures $ 136,591 $ 136,011 (1) Through June 30, 2023, the junior subordinated debentures bore interest at three-month LIBOR (subject to quarterly adjustment) plus a spread ranging from 3.8 % to 4.9 %. Effective July1, 2023 the junior subordinated debentures bear interest at three-month SOFR plus 0.26 %. (2) As of June 30, 2023 and December 31, 2022, all of the junior subordinated debentures were eligible for redemption by the Company. Availability As of June 30, 2023, the Company was in compliance with its financial debt covenants under its debt instruments. As of June 30, 2023, the Company had availability of approximately $ 500.4 million under its receivable-backed purchase and credit facilities, inventory lines of credit and corporate credit facility, subject to eligible collateral and the terms of the facilities, as applicable. Note Payable to BBX Capital On September 30, 2020, the Company spun-off its subsidiary, BBX Capital, Inc. (“BBX Capital”). As a result of the spin-off, BBX Capital became a separate publicly traded company. In connection with the spin-off, the Company 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 entire outstanding balance thereafter to accrue at a cumulative, compounded rate of 8 % per annum until such time as all accrued payments under the note are brought current, including deferred interest. As of December 31, 2022, $ 50.0 million was outstanding on the note. In March 2023, the Company repaid $ 15.0 million of the note payable for $ 14.1 million and recognized a gain of $ 0.9 million, leaving a remaining balance of $ 35.0 million as of June 30, 2023. All outstanding amounts under the note will become due and payable in September 2025 or earlier upon certain events. There was no accrued interest payable in connection with this note payable as of June 30, 2023 or December 31, 2022.

Fair Value Of Financial Instrum

Fair Value Of Financial Instruments	6 Months Ended
	Jun. 30, 2023
Fair Value Of Financial Instruments [Abstract]
Fair Value Of Financial Instruments	8. Fair Value of Financial Instruments ASC 820 Fair Value Measurement (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 unaudited consolidated financial statements and their estimated fair values were as follows (in thousands): As of June 30, 2023 As of December 31, 2022 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Cash and cash equivalents $ 178,740 $ 178,740 $ 175,683 $ 175,683 Restricted cash 52,213 52,213 50,845 50,845 Notes receivable, net 618,587 798,384 552,490 720,171 Note payable to BBX Capital, Inc. 35,000 32,750 50,000 46,635 Receivable-backed notes payable 524,925 519,659 461,622 451,500 Lines-of-credit, notes payable 240,355 237,335 218,738 215,400 Junior subordinated debentures 136,591 127,500 136,011 102,000 Cash and cash equivalents. The amounts reported in the unaudited consolidated balance sheets for cash and cash equivalents approximate fair value due to their short maturity of 90 days or less. Restricted cash. The amounts reported in the unaudited consolidated balance sheets for restricted cash approximate fair value due to their short maturity of 90 days or less. Notes receivable, net. The fair value of the Company’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. The amounts reported in the Company’s unaudited consolidated balance sheets for lines of credit, 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. Receivable-backed notes payable. The amounts reported in the Company’s consolidated balance sheets for 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 customer 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	6 Months Ended
	Jun. 30, 2023
Commitments And Contingencies [Abstract]
Commitments And Contingencies	9. Commitments and Contingencies Litigation Matters In the ordinary course of business, the Company and its subsidiaries are parties to lawsuits as plaintiff or defendant involving its operations and activities, including the purchase, sale, marketing, or financing of VOIs. 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. 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. Litigation The following is a description of material legal proceedings pending against the Company or its subsidiaries or which were pending during the three months ended June 30, 2023: 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 Bluegreen’s wholly owned subsidiary Bluegreen Vacations Unlimited Inc. (“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. Plaintiffs seek 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 (“FCC”) 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. On April 1, 2021, the Supreme Court issued a decision in the Facebook case which was favorable to Bluegreen’s position that an automatic telephone dialing system was not used in this case. Bluegreen believes the ruling disposes of the plaintiff’s claim and filed a Notice of Supplemental Authority advising the court of the ruling. On July 18, 2019, Eddie Boyd, and Connie Boyd, Shaundre and Kimberly Laskey, and others similarly situated 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’ claims include a purported class action allegation that BVU’s charging of an administrative processing fee constitutes the unauthorized practice of law, and also 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, but 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. Plaintiffs filed a third amended petition to add Resort Title Agency, Inc. (a wholly owned subsidiary of Bluegreen) as a defendant. On July 29, 2022, Resort Title Agency, Inc. removed the case to the United States District Court for the Western District of Missouri, where the case is currently pending. Bluegreen has filed an opposition to the Plaintiffs’ Motion to Modify the Class Definition or Class Certification and has also moved for Summary Judgment against Plaintiffs. Bluegreen believes the lawsuit is without merit and is vigorously defending the action. 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 $ 10.0 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) 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 $ 70.0 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 $ 50.0 million because, due to the Purchase and Sale Agreement’s termination, the closing on the management contract will not occur. BVU believes this new claim is without merit. The arbitration hearing has commenced and is ongoing. BVU continues to vigorously defend against New York Urban’s claims. 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 includes 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 September 27, 2021, the court granted Bluegreen’s motion to dismiss without prejudice and the Court declined to exercise supplemental jurisdiction over the remaining state law claims. Plaintiffs have amended their complaint. BVU filed a motion to dismiss the amended complaint on December 29, 2021, which remains pending. On September 14, 2021, Tamarah and Emmanuel Louis, individually and on behalf of all others similarly situated, filed a purported class action lawsuit against BVU alleging it violated the Military Lending Act (“MLA”). The complaint alleges that BVU did not make any inquiry before offering financing to the plaintiffs as to whether they were members of the United States Military and allege other claims related to certain disclosures mandated by the MLA. BVU filed a motion to dismiss the complaint, and plaintiffs then filed an amended complaint on December 3, 2021. The District Court granted BVU’s motion to dismiss. An appeal of the District Court’s dismissal has been initiated by the plaintiffs and is pending before the Eleventh Circuit Court of Appeals. BVU continues to vigorously defend this action. On February 8, 2023, Denise Mecke, a former Missouri sales associate, filed a lawsuit in the United States District Court for the Western District of Missouri alleging various statutory and tort claims against Bluegreen, BVU and nine current and former associates related to her termination from employment. Her initial demand letter sought $ 7.0 million in damages. On March 31, 2023, defendants filed a motion to compel arbitration and dismiss the complaint, or, in the alternative, to stay this action. Bluegreen believes the lawsuit is without merit and is vigorously defending the action. 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 their 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 % in 2023. Bluegreen also estimates that approximately 10.2 % of the total delinquencies on its VOI notes receivable as of June 30, 2023 related to VOI notes receivable are subject to this issue. Bluegreen has in a number of cases pursued, and Bluegreen may in the future pursue, legal action against the VOI owners, and as described below, against the exit firms. 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, affiliates, and cohorts, including Timeshare Termination (“TTT”). 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 in the 2022 Annual Report on Form 10-K. In June 2021, counsel for TTT moved to withdraw, citing TTT’s insolvency. On October 1, 2021, the principals of TTT filed for Chapter 11 Bankruptcy Protection, which matter has since been converted to a Chapter 7 Bankruptcy. The principals of TTT have consented to entry of an injunction in the bankruptcy proceeding as part of an agreement with Bluegreen. In addition, Bluegreen has reached a settlement with all remaining, non-bankrupt defendants in the Molfetta action. In the Carlsbad action, litigation is ongoing against certain defendants while settlement has been reached with others, including Carlsbad Law Group, LLC. Bluegreen continues to vigorously prosecute its claims against the defendants in such action. Other Commitments, Contingencies and Guarantees The Company, indirectly through Bluegreen and BVU, has an exclusive marketing agreement through 2024 with Bass Pro, a nationally-recognized retailer of fishing, marine, hunting, camping and sports gear, that provides the Company with the right to market and sell vacation packages at kiosks in each of Bass Pro’s retail locations and Cabela’s stores and through other means. As of June 30, 2023, Bluegreen had sales and marketing operations at a total of 130 Bass Pro Shops and Cabela’s Stores, including 19 unmanned, virtual kiosks. 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. As of June 30, 2023 and December 31, 2022, one such annual payment remained and $ 3.9 million and $ 3.8 million, respectively, were included in accrued liabilities and other in the unaudited consolidated balance sheets for such payment. During the six months ended June 30, 2023 and 2022, VOI sales to prospects and leads generated by the agreement with Bass Pro accounted for approximately 15 % and 17 %, respectively, of Bluegreen’s VOI sales volume. Subject to the terms and conditions of the settlement agreement, in lieu of the previous commission arrangement, Bluegreen agreed to pay Bass Pro a fixed annual fee of $ 70,000 for each Bass Pro and Cabela’s retail store that it is accessing (excluding sales at retail stores which are designated to provide tours to Bluegreen/Big Cedar Vacations, or “Bluegreen/Big Cedar feeder stores”), plus $ 32.00 per net vacation package sold (less cancellations or refunds within 45 days of sale). Bluegreen also agreed to contribute to the Wonders of Wildlife Foundation $ 5.00 per net package sold (less certain cancellations and refunds within 45 days of sale), subject to an annual minimum of $ 700,000 . Bluegreen is generally required to pay the fixed annual fee with respect to at least 59 Bass Pro retail stores and at least 60 Cabela’s retail stores. 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. In December 2022, Bluegreen paid $ 8.3 million for the 2023 fixed fee, which is amortized ratably over the year to selling, general and administrative expenses in the Company’s unaudited consolidated statements of operations and comprehensive income. In lieu of paying maintenance fees for unsold VOI inventory, Bluegreen may enter into subsidy agreements with certain HOAs. During the six months ended June 30, 2023 and 2022, Bluegreen made subsidy payments under these agreements of $ 10.7 million and $ 5.7 million, respectively, which are included in cost of other fee-based services in the Company’s unaudited consolidated statements of operations and comprehensive income for such periods. As of June 30, 2023 and December 31, 2022, Bluegreen had $ 6.6 million and $ 0.6 million, respectively, accrued for such subsidies, which is included in accrued liabilities and other in the unaudited consolidated balance sheets as of such dates.

Equity

Equity	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Equity	10. Equity Share Repurchases In August 2021, the Company’s board of directors approved a share repurchase program which authorized the repurchase of the Company’s Class A Common Stock and Class B Common Stock at an aggregate cost of up to $ 40.0 million. In March 2022, the Company’s board of directors approved a $ 50.0 million increase in the aggregate cost of the Company’s Class A Common Stock and Class B Common Stock that may be repurchased under the program. During the six months ended June 30, 2023, the Company did no t repurchase or retire any shares of Class A Common Stock or Class B Common Stock. During the three and six months ended June 30, 2022, the Company repurchased and retired approximately 917,000 and 1,069,000 shares of Class A Common Stock, respectively, for an aggregate purchase price of $ 26.1 million and $ 30.8 million, respectively. The excess of cost over par value of the repurchased shares is recorded to additional paid in capital. As of June 30, 2023, $ 8.3 million remained available for the repurchase of shares under this share repurchase program. Restricted Stock and Stock Option Plans At the Company’s Annual Meeting of Shareholders held on July 21, 2021, the Company’s shareholders approved the Bluegreen Vacations Holding Corporation 2021 Incentive Plan (the “2021 Plan”), which allows for the issuance of up to 2,000,000 shares of the Company’s Class A Common Stock pursuant to restricted stock awards and options which may be granted under the 2021 Plan. The 2021 Plan also allows for the grant of performance-based cash awards. During the six months ended June 30, 2023, the Company granted restricted stock awards of 318,811 shares to certain executive officers and employees under the 2021 Plan, of which 150,000 restricted shares are scheduled to cliff vest in January 2027 and 168,811 restricted shares are scheduled to vest ratably over 4 years, in each case subject to the terms and conditions of the 2021 Plan and the applicable award agreement. There were 208,035 shares of restricted stock granted to officers and employees under the 2021 Plan during the six months ended June 30, 2022. As of June 30, 2023, 791,862 shares remained available for grant under the 2021 Plan. Restricted Stock Activity The Company accounts for compensation cost for unvested time-based service condition restricted stock awards based on the fair value of the award on the measurement date, which is generally the grant date. The cost is recognized on a straight-line basis over the requisite service period of the award, with forfeitures recognized as incurred. The table below sets forth information regarding the Company’s unvested restricted stock award activity for the six months ended June 30, 2023 and 2022: Six Months Ended June 30, 2023 2022 Per Share Per Share Weighted Weighted Unvested Average Unvested Average Restricted Grant Date Restricted Grant Date Stock Fair Value Stock Fair Value Unvested balance outstanding, beginning of period 889,327 $ 22.06 460,470 $ 20.72 Granted 318,811 27.99 208,035 29.80 Vested ( 38,670 ) 29.80 - - Forfeited - - ( 2,500 ) 20.72 Unvested balance outstanding, end of period 1,169,468 $ 23.42 666,005 $ 23.56 Available for grant 791,862 1,333,995 The table below sets forth information regarding the restricted stock awards granted during the six months ended June 30, 2023 and June 30, 2022. Per Share Number of Weighted Average Requisite Plan Name Grant Date Awards Granted Grant Date Fair Value Service Period Vesting Date 2021 Incentive Plan 1/19/2022 208,035 $ 29.80 4 years (1) 2021 Incentive Plan 1/18/2023 318,811 $ 27.99 4 years (2) (1) 154,679 of the shares granted are scheduled to vest ratably in annual installments over 4 years and 53,356 of the shares granted are scheduled to cliff vest in January 2026, in each case subject to the terms and conditions of the 2021 Plan and the applicable award agreement. (2) 150,000 of the shares are scheduled to cliff vest in January 2027 and 168,811 of the shares are scheduled to vest ratably over 4 years, in each case subject to the terms and conditions of the 2021 Plan and the applicable award agreement. The aggregate grant date fair value of the awards granted in January 2023 was $ 8.9 million. As of June 30, 2023, there was $ 21.1 million of unrecognized share-based compensation with a remaining weighted average period of 3.94 years. Restricted stock compensation expense is included in selling general and administrative expenses in the Company’s unaudited consolidated statements of operations and comprehensive income. Restricted stock compensation was $ 1.6 million and $ 3.0 million during the three and six months ended June 30, 2023, respectively, and $ 0.8 million and $ 1.6 million during the three and six months ended June 30, 2022, respectively. No tax benefits have been recognized on restricted stock awards.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Taxes [Abstract]
Income Taxes	11. Income Taxes The Company 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 2018. The Company’s effective income tax rate was approximately 27 % and 26 % during the three months ended June 30, 2023 and 2022, respectively, and 27 % during both the six months ended June 30, 2023 and 2022. 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 2023 and 2022 periods reflect an estimate of its annual taxable earnings, state taxes, non-deductible items and changes in valuation allowance on deferred tax assets for each respective year. In April 2023, the Company received notice that its U.S. federal income tax return for the year ended December 31, 2020 was selected for examination. In addition, 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. As of June 30, 2023, the Company did no t have any significant amounts accrued for interest and penalties or recorded for uncertain tax positions.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	12. Earnings Per Share The following table presents the calculation of the Company’s basic and diluted earnings per share (“EPS”): For the Three Months Ended For the Six Months Ended June 30, June 30, (In thousands, except per share amounts) 2023 2022 2023 2022 Basic EPS: Numerator: Net income attributable to shareholders $ 21,913 $ 17,784 $ 33,412 $ 33,771 Denominator: Weighted average shares outstanding 15,868 20,226 15,864 20,500 Basic EPS $ 1.38 $ 0.88 $ 2.11 $ 1.65 Diluted EPS Numerator: Net income attributable to shareholders $ 21,913 $ 17,784 $ 33,412 $ 33,771 Denominator: Basic - Weighted average shares outstanding 15,868 20,226 15,864 20,500 Dilutive effect of restricted stock rewards 442 163 414 178 Diluted weighted average number of common shares outstanding 16,310 20,389 16,278 20,678 Diluted EPS $ 1.34 $ 0.87 $ 2.05 $ 1.63 Du ring the three and six months ended June 30, 2023, 441,579 and 414,134 , respectively, of weighted average shares of unvested restricted stock awards outstanding were included in the computation of diluted earnings per share as the shares were dilutive. During the three and six months ended June 30, 2022, 163,188 and 177,353 , respectively, of weighted average shares of unvested restricted stock awards outstanding were included in the computation of diluted earnings per share as the shares were dilutive.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	13. Related Party Transactions The Company may be deemed to be controlled by Alan B. Levan, Chairman, Chief Executive Officer and President of the Company, John E. Abdo, Vice Chairman of the Company, Jarett S. Levan, a director of the Company and son of Mr. Alan Levan, and Seth M. Wise, a director of the Company. Together, they may be deemed to beneficially own shares of the Company’s Class A Common Stock and Class B Common Stock representing approximately 81 % of the Company’s total voting power. 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 the Board of BBX Capital, Mr. Abdo became Vice Chairman of BBX Capital and Mr. 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 through their ownership of BBX Capital’s Class A Common Stock and Class B Common Stock. Each also receives compensation from BBX Capital. During each of the three and six months ended June 30, 2023 and June 30, 2022, the Company recognized expense paid to the Abdo Companies, Inc. of $ 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. The Company reimburses BBX Capital for advisory, risk management, administrative and other services. The Company reimbursed BBX Capital $ 0.5 million and $ 1.0 million during the three and six months ended June 30, 2023, respectively, and $ 0.7 million and $ 1.0 million during the three and six months ended June 30, 2022, respectively, for such services. The Company had $ 0.2 million in accrued expenses for the services described above as of both June 30, 2023 and December 31, 2022. In connection with its spin-off of BBX Capital, the Company issued a $ 75.0 million note payable to BBX Capital, of which $ 35.0 million and $ 50.0 million remained outstanding as of June 30, 2023 and December 31, 2022, respectively. See Note 7 for a description of the of terms of BVH’s note payable to BBX Capital.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Reporting	14. 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. The Company reports its results 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 the Company’s marketing and sales activities related to the VOIs that are owned by the Company, VOIs it acquires under just-in-time and secondary market inventory arrangements, and sales of VOIs through fee-for-service arrangements with third-party developers, as well as consumer financing activities in connection with sales of VOIs owned by the Company, and title services operations. The Resort Operations and Club Management segment includes management services activities for the Vacation Club and for a majority of the HOAs of the resorts within the Vacation Club. The Company also provides reservation services, services to owners and billing and collections services to the Vacation Club and certain HOAs, which are included in the resort operations and club management segment. Additionally, this segment includes revenue from the Traveler Plus program, food and beverage and other retail operations, rental services activities, and management of construction activities for certain fee-based developer clients. The information provided for segment reporting is obtained from internal reports utilized by management. The CODM primarily uses adjusted earnings, or net income, before taking into account income taxes, interest income (excluding interest earned on VOI notes receivable), interest expense (excluding interest expense incurred on debt secured by VOI notes receivable), and depreciation and amortization (“ Adjusted EBITDA”) to evaluate the reporting segments’ performance. See Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA, including the definition of Adjusted EBITDA. 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 revenue for its reportable segments for the three and six months ended June 30, 2023 and 2022 (in thousands): Three Months Ended Six Months Ended June 30, June 30, Revenues: 2023 2022 2023 2022 Sales of VOIs and financing $ 197,779 $ 191,091 $ 365,180 $ 340,683 Resort operations and club management 32,801 29,351 62,993 57,474 Cost reimbursements (1) 26,300 16,168 47,669 34,232 Total segment revenues 256,880 236,610 475,842 432,389 Corporate and other 4,755 132 5,892 668 Eliminations ( 1,017 ) ( 1,172 ) ( 2,044 ) ( 2,433 ) Total revenues $ 260,618 $ 235,570 $ 479,690 $ 430,624 (1) Cost reimbursement revenue and expense net to zero and are excluded from the computation of adjusted EBITDA below. The table below sets forth the Company’s Adjusted EBITDA for its reportable segments reconciled to net income for the three and six months ended June 30, 2023 and 2022 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Net income attributable to shareholders $ 21,913 $ 17,784 $ 33,412 $ 33,771 Non-controlling interest 4,538 4,052 8,444 7,272 Net income (loss) from continuing operations 26,451 21,836 41,856 41,043 Add: Depreciation and amortization 2,051 1,846 4,241 3,678 Less: Interest income (other than interest earned on VOI notes receivable) ( 1,677 ) ( 132 ) ( 2,550 ) ( 195 ) Add: Interest expense - corporate 9,980 6,241 19,605 10,603 Add: Provision for income taxes 8,019 6,171 12,498 12,361 Sale of vacant land and other assets ( 2,911 ) - ( 2,890 ) - Add: General and administrative expenses (1) 25,653 22,258 52,367 47,558 Less: Other income, net ( 3,078 ) 68 ( 3,342 ) ( 473 ) Segment Adjusted EBITDA (2) 64,488 58,288 121,785 114,575 Sales of VOIs and financing 41,356 37,368 $ 76,083 $ 73,105 Resort operations and club management 23,132 20,920 45,702 41,470 Segment Adjusted EBITDA (2) $ 64,488 $ 58,288 121,785 114,575 (1) Included in general and administrative expenses for the three months and six months ended June 30, 2023 is $ 1.6 million and $ 3.0 million of share-based compensation, respectively, and $ 0.8 million and $ 1.6 million of share-based compensation for the three and six months ended June 30, 2022, respectively. (2) S ee Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA, including the definition of Adjusted EBITDA.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	15. Subsequent Events On July 28, 2023, Bluegreen/Big Cedar Vacations amended the NBA Receivables Facility to extend the revolving advance period from September 2023 to July 2026 and the maturity date from March 2028 to January 2031. In addition, pursuant to the Amended NBA Receivables Facility, the interest rate on all new advances made under the facility will be one month term SOFR plus 1.75 % to 2.25 % (with an interest rate floor of 2.50 % to 3.00 %). The Amended NBA Receivables Facility provides for advances at a rate of 80 % on eligible receivables pledged under the facility, subject to eligible collateral and specified terms and conditions, during the revolving credit period. The maximum borrowings allowed under the facility remains at $ 70.0 million. Subject to the terms of the Amended NBA Receivables Facility, principal and interest payments received on pledged receivables are applied to principal and interest due under the facility, with the remaining outstanding balance being due by maturity. In addition, recourse to Bluegreen/Big Cedar Vacations will be limited to the greater of 15 % of the outstanding borrowings and $ 5 million.

Organization And Basis Of Fin_2

Organization And Basis Of Financial Statement Presentation (Policy)	6 Months Ended
	Jun. 30, 2023
Organization And Basis Of Financial Statement Presentation [Abstract]
Basis of Financial Statement Presentation	The Company 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. 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, 2022, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, filed with the Securities and Exchange Commission (the “SEC”) on March 13, 2023 (the “2022 Annual Report on Form 10-K”).
Our Business	Our Business 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, Panama City Beach, Las Vegas, the Smoky Mountains, Myrtle Beach, Charleston, the Branson, Missouri area, 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 Bluegreen Vacation Club (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.
Principles Of Consolidation And Basis Of Presentation	Principles of Consolidation and Basis of Presentation The Company’s unaudited consolidated financial statements include the accounts of its wholly owned subsidiaries, entities in which the Company or its consolidated subsidiaries hold controlling financial interests, including Bluegreen/Big Cedar Vacations LLC (a joint venture in which Bluegreen is deemed to hold a controlling financial interest based on its 51 % equity interest, its active role as the day-to-day manager of its activities, and Bluegreen’s majority voting control of its management committee (“Bluegreen/Big Cedar Vacations”)), and any variable interest entities (“VIEs”) of which the Company or one of its consolidated subsidiaries is deemed the primary beneficiary. All significant inter-company accounts and transactions have been eliminated in consolidation.
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 estimates are based on 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 may continue to be affected by adverse trends affecting general economic conditions, including rising interest rates, inflation and decreases in discretionary spending. The severity, magnitude and duration, as well as the economic consequences of these factors are uncertain, subject to change and difficult to predict. As a result, accounting estimates and assumptions may change over time. Such changes could result in, among other adjustments, incremental loan losses on 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. On an ongoing basis, management evaluates its estimates, including those that relate to the estimated future sales value of inventory; the recognition of revenue; the allowance for loan losses; the recovery of the carrying value of real estate inventories; the fair value of assets measured at, or compared to, fair value on a non-recurring basis; the estimate of contingent liabilities related to litigation and other claims and assessments; and deferred income taxes. Management bases its estimates on historical experience and on various other assumptions that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ materially from these estimates under different assumptions and conditions.

New Accounting Pronouncements (

New Accounting Pronouncements (Policy)	6 Months Ended
	Jun. 30, 2023
New Accounting Pronouncements [Abstract]
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In March 2022, the FASB issued ASU 2022-02, “Financial Instruments – Credit Losses (Topic 326) – Troubled Debt Restructurings and Vintage Disclosures” (“ASU-2022-02”), which eliminates the recognition and measurement guidance applicable to troubled debt restructurings for creditors and enhances disclosure requirements with respect to loan modifications for borrowers experiencing financial difficulty. ASU 2022-02 also requires disclosure of current-period gross write-offs by year of origination to be presented in the vintage disclosures for VOI notes receivable. This update is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted ASU 2022-02 as of January 1, 2023. The adoption did not have a material effect on the Company’s financial statements or disclosures other than disclosure related to changes in vintage disclosures relating to VOI notes receivable.
Accounting Standards Not Yet Adopted	Accounting Pronouncements Not Yet Adopted The FASB has issued the following accounting pronouncement and guidance relevant to the Company’s operations which had not yet been adopted as of June 30, 2023: 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 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 finalizing transition plans as it relates to derivatives and cash markets exposed to LIBOR. The Company’s VOI notes receivable from its borrowers are not indexed to LIBOR, but as of June 30, 2023, the Company had $ 170.9 million of LIBOR indexed junior subordinated debentures. Effective July 1 2023, all of the Company’s LIBOR indexed junior subordinated debentures were transitioned to an alternative reference rate plus a spread. The adoption did not have a material effect on the Company’s financial statements or disclosures. In May 2023, the Securities and Exchange Commission (“SEC”) adopted Release Nos. 34-93783, “Share Repurchase Disclosure Modernization,” which requires public issuers to provide new and expanded disclosures of share repurchases in certain periodic reports filed with the SEC. The issuer is required to include a tabular disclosure of its repurchase activity aggregated on a daily basis disclosed either quarterly or semi-annually, as well as certain data related to officer and director purchases and sales of shares subject to an issuer’s share repurchase plan within four business days before or after the announcement of such plan. This release is effective for the first full fiscal quarter beginning on or after October 1, 2023. The Company does not believe the adoption will have a material effect on its financial statements or disclosures. In July 2023, the SEC adopted rules to enhance and standardize disclosures by requiring registrants to timely report on cybersecurity incidents on Forms 8-K and 6-K and make disclosures about their cybersecurity risk management, strategy and governance in annual reports. Registrants must provide the risk management, strategy and governance disclosures in their 2023 annual reports. Most registrants must comply with the incident disclosure requirements on the later of 90 days after publication in the Federal Register or 18 December 2023. The Company does believe the adoption will have a material impact on its financial statements or disclosures.

Revenue From Contracts With C_2

Revenue From Contracts With Customers (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue From Contracts With Customers [Abstract]
Revenue Disaggregation	For the Three Months Ended For the Six Months Ended June 30, June 30, 2023 2022 2023 2022 Sales of VOIs (1) $ 150,361 $ 144,261 $ 273,974 $ 243,290 Fee-based sales commission revenue (1) 13,881 18,850 25,572 42,934 Resort and club management revenue (2) 30,214 26,826 58,267 53,022 Cost reimbursements (2) 26,300 16,168 47,669 34,232 Title fees and other (1) 3,244 3,434 6,352 6,517 Other revenue (2) 2,587 2,525 4,726 4,452 Revenue from customers 226,587 212,064 416,560 384,447 Interest income (3) 30,953 23,506 59,788 45,704 Other income, net 3,078 — 3,342 473 Total revenue $ 260,618 $ 235,570 $ 479,690 $ 430,624 (1) Included in the Company’s sales of VOIs and financing segment described in Note 14. (2) Included in the Company’s resort operations and club management segment described in Note 14. (3) Interest income of $ 29.3 million and $ 23.4 million for the three months ended June 30, 2023 and 2022, respectively, and $ 57.2 million and $ 45.5 million for the six months ended June 30, 2023 and 2022, respectively, are included in the Company’s sales of VOIs and f inancing segment described in Note 14.
Company’s Contract Liabilities	June 30, December 31, 2023 2022 Point incentives $ 3,202 $ 3,944 Owner programs 2,098 2,149 Deferred revenue vacation packages 1,213 1,136 $ 6,513 $ 7,229

Notes Receivable (Tables)

Notes Receivable (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Receivable [Abstract]
Information Relating To Bluegreen's Notes Receivable	As of June 30, December 31, 2023 2022 Notes receivable secured by VOIs: VOI notes receivable - non-securitized $ 308,060 $ 279,888 VOI notes receivable - securitized 534,421 483,913 Gross VOI notes receivable 842,481 763,801 Allowance for loan losses - non-securitized ( 82,085 ) ( 81,801 ) Allowance for loan losses - securitized ( 141,809 ) ( 129,510 ) Allowance for loan losses ( 223,894 ) ( 211,311 ) VOI notes receivable, net $ 618,587 $ 552,490 Allowance as a % of Gross VOI notes receivable 27 % 28 %
Activity In The Allowance For Loan Losses	For the Six Months Ended June 30, 2023 2022 Balance, beginning of period $ 211,311 $ 163,107 Provision for loan losses 54,570 43,105 Less: Write-offs of uncollectible receivables ( 41,987 ) ( 28,390 ) Balance, end of period $ 223,894 $ 177,822
Schedule Of Gross Write-Offs Of Financing Receivables By Years If Origination	For the Six Months Ended June 30, 2023 2023 $ 70 2022 15,102 2021 13,483 2020 4,253 2019 3,766 Prior 5,313 Total $ 41,987
Financing Receivable Credit Quality Indicators And Past Due By Year Of Origination	Additional information about the Company’s VOI notes receivable by year of origination is as follows as of June 30, 2023 (in thousands): Year of Origination 2023 2022 2021 2020 2019 2018 and Prior Total 701+ $ 159,446 $ 171,930 $ 69,990 $ 27,664 $ 34,989 $ 55,275 $ 519,294 601-700 49,361 101,589 51,389 20,542 20,838 42,920 286,639 <601 (1) 5,284 6,341 2,507 1,806 2,455 4,140 22,533 Other — 1,371 2,191 1,342 2,387 6,724 14,015 Total by FICO score $ 214,091 $ 281,231 $ 126,077 $ 51,354 $ 60,669 $ 109,059 $ 842,481 (1) Includes VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers). Additional information about the Company’s VOI notes receivable by year of origination is as follows as of December 31, 2022 (in thousands): Year of Origination 2022 2021 2020 2019 2018 2017 and Prior Total 701+ $ 208,052 $ 88,445 $ 34,927 $ 43,765 $ 28,001 $ 43,228 $ 446,418 601-700 111,796 63,483 25,003 25,613 18,609 35,890 280,394 <601 (1) 8,844 3,181 2,222 2,876 1,818 3,595 22,536 Other 663 3,501 1,352 2,579 2,504 3,854 14,453 Total by FICO score $ 329,355 $ 158,610 $ 63,504 $ 74,833 $ 50,932 $ 86,567 $ 763,801 (1) Includes VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers).
Percentage Of Gross Notes Receivable Outstanding By FICO Score At Origination	As of June 30, December 31, 2023 2022 FICO Score 700+ 62 % 59 % 601-699 35 38 <600 2 2 No Score (1) 1 1 Total 100 % 100 % (1) Primarily foreign borrowers.
Delinquency Status Of VOI Notes Receivable	As of June 30, December 31, 2023 2022 Current $ 795,831 $ 721,736 31-60 days 10,753 9,612 61-90 days 9,767 8,243 Over 91 days 26,130 24,210 Total $ 842,481 $ 763,801

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2023
Variable Interest Entities [Abstract]
Information Related To The Assets And Liabilities Of The VIEs	As of June 30, December 31, 2023 2022 Restricted cash $ 27,027 $ 19,461 Securitized notes receivable, net 392,612 354,403 Receivable backed notes payable - non-recourse 505,468 440,781

VOI Inventory (Tables)

VOI Inventory (Tables)	6 Months Ended
	Jun. 30, 2023
VOI Inventory [Abstract]
Summary Of Inventory	As of June 30, December 31, 2023 2022 Completed VOI units $ 282,467 $ 317,492 Construction-in-progress 100,029 8,537 Real estate held for future development 65,467 63,835 Total $ 447,963 $ 389,864

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt [Abstract]
Lines-Of-Credit And Notes Payable	As of June 30, 2023 December 31, 2022 Balance Interest Rate Carrying Amount of Pledged Assets Balance Interest Rate Carrying Amount of Pledged Assets Panama City Beach Acquisition Loan $ 53,500 7.33 % $ 78,631 $ 54,500 6.16 % $ 77,334 Fifth Third Syndicated LOC 95,000 6.90 % 67,665 70,000 5.92 % 68,413 Fifth Third Syndicated Term Loan 93,750 6.90 % 66,774 96,250 5.40 % 94,068 Unamortized debt issuance costs ( 1,895 ) ( 2,012 ) Total $ 240,355 $ 213,070 $ 218,738 $ 239,815
Receivable-Backed Notes Payable	As of June 30, 2023 December 31, 2022 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 (1) $ 5,000 7.75 % $ 7,267 $ 5,000 6.50 % $ 8,470 NBA Receivables Facility (2) 10,000 7.21 % 14,070 10,000 6.62 % 13,664 Pacific Western Facility (3) 4,457 7.67 % 8,215 5,841 6.82 % 10,171 Total 19,457 29,552 20,841 32,305 Receivable-backed notes payable - non-recourse: Liberty Bank Facility (1) $ 15,201 7.75 % $ 22,093 $ 4,907 6.50 % $ 8,312 NBA Receivables Facility (2) 23,000 7.21 % 32,362 20,866 6.62 % 28,512 Syndicated Warehouse Facility — — — 104,953 5.87 % 125,486 Quorum Purchase Facility 11,485 4.95 - 5.10 % 13,128 14,007 4.95 - 5.10 % 16,302 2015 Term Securitization — — — 7,925 3.02 % 8,516 2016 Term Securitization 12,395 3.35 % 13,039 16,061 3.35 % 16,714 2017 Term Securitization 21,439 3.12 % 23,200 26,521 3.12 % 28,612 2018 Term Securitization 31,909 4.02 % 35,046 39,326 4.02 % 43,163 2020 Term Securitization 60,520 2.60 % 67,211 69,240 2.60 % 77,183 2022 Term Securitization 124,600 4.60 % 138,665 142,106 4.60 % 160,000 2023 Term Securitization 214,605 6.32 % 242,604 — — — Unamortized debt issuance costs and discounts (4) ( 9,686 ) ( 5,131 ) Total 505,468 587,348 440,781 512,800 Total receivable-backed debt $ 524,925 $ 616,900 $ 461,622 $ 545,105 (1) Recourse on the Liberty Bank Facility is generally limited to $ 5.0 million, subject to certain exceptions. (2) Recourse on the NBA Receivables Facility is generally limited to $ 10.0 million, subject to certain exceptions. (3) Recourse on the Pacific Western Facility is generally limited to $ 7.5 million, subject to certain exceptions. (4) This amount includes unamortized discount of $ 2.3 million on the 2023 Term Securitization as of June 30, 2023.
Junior Subordinated Debentures Outstanding	Financial data relating to the Company’s junior subordinated debentures as of June 30, 2023 and December 31, 2022 was as follows (dollars in thousands): June 30, 2023 December 31, 2022  Effective Effective  Carrying Interest Carrying Interest Maturity  Amounts Rates (1) Amounts Rates (1) Years (2) Woodbridge - Levitt Capital Trusts I - IV $ 66,302 8.96 - 9.10 % $ 66,302 7.47 - 8.21 % 2035 - 2036 Bluegreen Statutory Trusts I - VI 104,595 10.01 - 10.15 % 104,595 8.52 - 9.26 % 2035 - 2037 Unamortized debt issuance costs ( 878 ) ( 914 ) Unamortized purchase discount ( 33,428 ) ( 33,972 ) Total junior subordinated debentures $ 136,591 $ 136,011 (1) Through June 30, 2023, the junior subordinated debentures bore interest at three-month LIBOR (subject to quarterly adjustment) plus a spread ranging from 3.8 % to 4.9 %. Effective July1, 2023 the junior subordinated debentures bear interest at three-month SOFR plus 0.26 %. (2) As of June 30, 2023 and December 31, 2022, all of the junior subordinated debentures were eligible for redemption by the Company.

Fair Value Of Financial Instr_2

Fair Value Of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Of Financial Instruments [Abstract]
Carrying Amounts Of Financial Instruments	As of June 30, 2023 As of December 31, 2022 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Cash and cash equivalents $ 178,740 $ 178,740 $ 175,683 $ 175,683 Restricted cash 52,213 52,213 50,845 50,845 Notes receivable, net 618,587 798,384 552,490 720,171 Note payable to BBX Capital, Inc. 35,000 32,750 50,000 46,635 Receivable-backed notes payable 524,925 519,659 461,622 451,500 Lines-of-credit, notes payable 240,355 237,335 218,738 215,400 Junior subordinated debentures 136,591 127,500 136,011 102,000

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Summary Of Non-Vested Restricted Stock And Restricted Stock Units	Six Months Ended June 30, 2023 2022 Per Share Per Share Weighted Weighted Unvested Average Unvested Average Restricted Grant Date Restricted Grant Date Stock Fair Value Stock Fair Value Unvested balance outstanding, beginning of period 889,327 $ 22.06 460,470 $ 20.72 Granted 318,811 27.99 208,035 29.80 Vested ( 38,670 ) 29.80 - - Forfeited - - ( 2,500 ) 20.72 Unvested balance outstanding, end of period 1,169,468 $ 23.42 666,005 $ 23.56 Available for grant 791,862 1,333,995
Restricted Stock Awards, Grants In Period, Weighted Average Grant Date Fair Value	Per Share Number of Weighted Average Requisite Plan Name Grant Date Awards Granted Grant Date Fair Value Service Period Vesting Date 2021 Incentive Plan 1/19/2022 208,035 $ 29.80 4 years (1) 2021 Incentive Plan 1/18/2023 318,811 $ 27.99 4 years (2) (1) 154,679 of the shares granted are scheduled to vest ratably in annual installments over 4 years and 53,356 of the shares granted are scheduled to cliff vest in January 2026, in each case subject to the terms and conditions of the 2021 Plan and the applicable award agreement. (2) 150,000 of the shares are scheduled to cliff vest in January 2027 and 168,811 of the shares are scheduled to vest ratably over 4 years, in each case subject to the terms and conditions of the 2021 Plan and the applicable award agreement.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share	For the Three Months Ended For the Six Months Ended June 30, June 30, (In thousands, except per share amounts) 2023 2022 2023 2022 Basic EPS: Numerator: Net income attributable to shareholders $ 21,913 $ 17,784 $ 33,412 $ 33,771 Denominator: Weighted average shares outstanding 15,868 20,226 15,864 20,500 Basic EPS $ 1.38 $ 0.88 $ 2.11 $ 1.65 Diluted EPS Numerator: Net income attributable to shareholders $ 21,913 $ 17,784 $ 33,412 $ 33,771 Denominator: Basic - Weighted average shares outstanding 15,868 20,226 15,864 20,500 Dilutive effect of restricted stock rewards 442 163 414 178 Diluted weighted average number of common shares outstanding 16,310 20,389 16,278 20,678 Diluted EPS $ 1.34 $ 0.87 $ 2.05 $ 1.63

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	Three Months Ended Six Months Ended June 30, June 30, Revenues: 2023 2022 2023 2022 Sales of VOIs and financing $ 197,779 $ 191,091 $ 365,180 $ 340,683 Resort operations and club management 32,801 29,351 62,993 57,474 Cost reimbursements (1) 26,300 16,168 47,669 34,232 Total segment revenues 256,880 236,610 475,842 432,389 Corporate and other 4,755 132 5,892 668 Eliminations ( 1,017 ) ( 1,172 ) ( 2,044 ) ( 2,433 ) Total revenues $ 260,618 $ 235,570 $ 479,690 $ 430,624 (1) Cost reimbursement revenue and expense net to zero and are excluded from the computation of adjusted EBITDA below.
Reconciliation of Adjusted EBITDA from Segments to Net Income	Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Net income attributable to shareholders $ 21,913 $ 17,784 $ 33,412 $ 33,771 Non-controlling interest 4,538 4,052 8,444 7,272 Net income (loss) from continuing operations 26,451 21,836 41,856 41,043 Add: Depreciation and amortization 2,051 1,846 4,241 3,678 Less: Interest income (other than interest earned on VOI notes receivable) ( 1,677 ) ( 132 ) ( 2,550 ) ( 195 ) Add: Interest expense - corporate 9,980 6,241 19,605 10,603 Add: Provision for income taxes 8,019 6,171 12,498 12,361 Sale of vacant land and other assets ( 2,911 ) - ( 2,890 ) - Add: General and administrative expenses (1) 25,653 22,258 52,367 47,558 Less: Other income, net ( 3,078 ) 68 ( 3,342 ) ( 473 ) Segment Adjusted EBITDA (2) 64,488 58,288 121,785 114,575 Sales of VOIs and financing 41,356 37,368 $ 76,083 $ 73,105 Resort operations and club management 23,132 20,920 45,702 41,470 Segment Adjusted EBITDA (2) $ 64,488 $ 58,288 121,785 114,575 (1) Included in general and administrative expenses for the three months and six months ended June 30, 2023 is $ 1.6 million and $ 3.0 million of share-based compensation, respectively, and $ 0.8 million and $ 1.6 million of share-based compensation for the three and six months ended June 30, 2022, respectively. (2) S ee Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA, including the definition of Adjusted EBITDA.

Organization And Basis Of Fin_3

Organization And Basis Of Financial Statement Presentation (Details)	Jun. 30, 2023
BCC [Member]
Segment Reporting Information [Line Items]
Consolidated method ownership percentage	51%
Bluegreen [Member]
Segment Reporting Information [Line Items]
Consolidated method ownership percentage	100%

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Junior subordinated debentures	$ 136,591	$ 136,011
LIBOR Indexed Junior Subordinated Debentures [Member]
Business Acquisition [Line Items]
Junior subordinated debentures	$ 170,900

Revenue From Contracts With C_3

Revenue From Contracts With Customers (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Revenue From Contracts With Customers [Abstract]
Commission receivables, net of an allowance	$ 6.9	$ 10.3

Revenue From Contracts With C_4

Revenue From Contracts With Customers (Revenue Disaggregation) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Revenue from customers		$ 226,587	$ 212,064	$ 416,560	$ 384,447
Interest income	[1]	30,953	23,506	59,788	45,704
Other income, net		3,078		3,342	473
Total revenues		260,618	235,570	479,690	430,624
Sales of VOIs [Member]
Disaggregation of Revenue [Line Items]
Revenue from customers	[2]	150,361	144,261	273,974	243,290
Fee-Based Sales Commission Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from customers	[2]	13,881	18,850	25,572	42,934
Resort And Club Management Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from customers	[3]	30,214	26,826	58,267	53,022
Cost Reimbursements [Member]
Disaggregation of Revenue [Line Items]
Revenue from customers	[3]	26,300	16,168	47,669	34,232
Title Fees And Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from customers	[2]	3,244	3,434	6,352	6,517
Other Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from customers	[3]	2,587	2,525	4,726	4,452
Reportable Segments [Member]
Disaggregation of Revenue [Line Items]
Revenue from customers		256,880	236,610	475,842	432,389
Reportable Segments [Member] | Sales of VOIs [Member]
Disaggregation of Revenue [Line Items]
Interest income		29,300	23,400	57,200	45,500
Reportable Segments [Member] | Cost Reimbursements [Member]
Disaggregation of Revenue [Line Items]
Revenue from customers	[4]	26,300	16,168	47,669	34,232
Reportable Segments [Member] | Interest Income [Member]
Disaggregation of Revenue [Line Items]
Interest income		1,677	132	2,550	195
Corporate Expenses & Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues		4,755	132	5,892	668
Eliminations [Member]
Disaggregation of Revenue [Line Items]
Total revenues		$ (1,017)	$ (1,172)	$ (2,044)	$ (2,433)
[1] Interest income of $ 29.3 million and $ 23.4 million for the three months ended June 30, 2023 and 2022, respectively, and $ 57.2 million and $ 45.5 million for the six months ended June 30, 2023 and 2022, respectively, are included in the Company’s sales of VOIs and f inancing segment described in Note 14. Included in the Company’s sales of VOIs and financing segment described in Note 14. Included in the Company’s resort operations and club management segment described in Note 14. Cost reimbursement revenue and expense net to zero and are excluded from the computation of adjusted EBITDA below.

Revenue From Contracts With C_5

Revenue From Contracts With Customers (Company’s Contract Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Company’s contract liabilities	$ 6,513	$ 7,229
Point Incentives [Member]
Disaggregation of Revenue [Line Items]
Company’s contract liabilities	3,202	3,944
Owner Programs [Member]
Disaggregation of Revenue [Line Items]
Company’s contract liabilities	2,098	2,149
Deferred Revenue Vacation Packages [Member]
Disaggregation of Revenue [Line Items]
Company’s contract liabilities	$ 1,213	$ 1,136

Notes Receivable (Narrative) (D

Notes Receivable (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable	$ 842,481	$ 763,801
Accrued interest	$ 6,200	$ 5,800
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-average interest rate charged on notes receivable	15.20%	15.30%
90 Days Or More [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable	$ 26,100	$ 24,200

Notes Receivable (Information R

Notes Receivable (Information Relating To Bluegreen's Notes Receivable) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross notes receivable	$ 842,481	$ 763,801
Less: Allowance for loan loss	(223,894)	(211,311)	$ (177,822)	$ (163,107)
Notes receivable, net ($392,612 and $354,403 in VIEs at June 30, 2023 and December 31, 2022, respectively)	$ 618,587	$ 552,490
Allowance as a % of gross notes receivable	27%	28%
VOI Notes Receivable - Non-Securitized [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross notes receivable	$ 308,060	$ 279,888
Less: Allowance for loan loss	(82,085)	(81,801)
VOI Notes Receivable - Securitized [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross notes receivable	534,421	483,913
Less: Allowance for loan loss	$ (141,809)	$ (129,510)

Notes Receivable (Activity In T

Notes Receivable (Activity In The Allowance For Loan Losses) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Notes Receivable [Abstract]
Balance, beginning of period	$ 211,311	$ 163,107
Provision for loan losses	54,570	43,105
Less: Write-offs of uncollectible receivables	(41,987)	(28,390)
Balance, end of period	$ 223,894	$ 177,822

Notes Receivable (Schedule Of G

Notes Receivable (Schedule Of Gross Write-Offs Of Financing Receivables By Years If Origination) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Notes Receivable [Abstract]
2023	$ 70
2022	15,102
2021	13,483
2020	4,253
2019	3,766
Prior	5,313
Total	$ 41,987

Notes Receivable (Financing Rec

Notes Receivable (Financing Receivable Credit Quality Indicators And Past Due By Year Of Origination) (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Total		$ 842,481	$ 763,801
701+ [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year		159,446	208,052
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year		171,930	88,445
Financing Receivable, Originated Two Years before Latest Fiscal Year		69,990	34,927
Financing Receivable, Originated Three Years before Latest Fiscal Year		27,664	43,765
Financing Receivable, Originated Four Years before Latest Fiscal Year		34,989	28,001
Financing Receivable, Originated Five or More Years before Latest Fiscal Year		55,275	43,228
Total		519,294	446,418
601-700 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year		49,361	111,796
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year		101,589	63,483
Financing Receivable, Originated Two Years before Latest Fiscal Year		51,389	25,003
Financing Receivable, Originated Three Years before Latest Fiscal Year		20,542	25,613
Financing Receivable, Originated Four Years before Latest Fiscal Year		20,838	18,609
Financing Receivable, Originated Five or More Years before Latest Fiscal Year		42,920	35,890
Total		286,639	280,394
Less Than 601 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year	[1]	5,284	8,844
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	[1]	6,341	3,181
Financing Receivable, Originated Two Years before Latest Fiscal Year	[1]	2,507	2,222
Financing Receivable, Originated Three Years before Latest Fiscal Year	[1]	1,806	2,876
Financing Receivable, Originated Four Years before Latest Fiscal Year	[1]	2,455	1,818
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	[1]	4,140	3,595
Total	[1]	22,533	22,536
Other [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year			663
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year		1,371	3,501
Financing Receivable, Originated Two Years before Latest Fiscal Year		2,191	1,352
Financing Receivable, Originated Three Years before Latest Fiscal Year		1,342	2,579
Financing Receivable, Originated Four Years before Latest Fiscal Year		2,387	2,504
Financing Receivable, Originated Five or More Years before Latest Fiscal Year		6,724	3,854
Total		14,015	14,453
Total By FICO Score [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Current Fiscal Year		214,091	329,355
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year		281,231	158,610
Financing Receivable, Originated Two Years before Latest Fiscal Year		126,077	63,504
Financing Receivable, Originated Three Years before Latest Fiscal Year		51,354	74,833
Financing Receivable, Originated Four Years before Latest Fiscal Year		60,669	50,932
Financing Receivable, Originated Five or More Years before Latest Fiscal Year		109,059	86,567
Total		$ 842,481	$ 763,801
[1] Includes VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers).

Notes Receivable (Percentage Of

Notes Receivable (Percentage Of Gross Notes Receivable Outstanding By FICO Score At Origination) (Details)		Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Percentage of gross notes receivable outstanding		100%	100%
FICO Score, 700+ [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Percentage of gross notes receivable outstanding		62%	59%
FICO Score, 601 to 699 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Percentage of gross notes receivable outstanding		35%	38%
FICO Score, Less than 600 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Percentage of gross notes receivable outstanding		2%	2%
FICO Score, No Score [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Percentage of gross notes receivable outstanding	[1]	1%	1%
[1] Primarily foreign borrowers.

Notes Receivable (Delinquency S

Notes Receivable (Delinquency Status Of VOI Notes Receivable) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	$ 842,481	$ 763,801
Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	795,831	721,736
31-60 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	10,753	9,612
61-90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	9,767	8,243
Over 91 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	$ 26,130	$ 24,210

Variable Interest Entities (Nar

Variable Interest Entities (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Variable Interest Entities [Abstract]
Voluntary repurchases and substitutions	$ 11	$ 4.4

Variable Interest Entities (Inf

Variable Interest Entities (Information Related To The Assets And Liabilities Of The VIEs) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Variable Interest Entity [Line Items]
Restricted cash	$ 52,213	$ 50,845	$ 42,245
Securitized notes receivable, net	618,587	552,490
Receivable backed notes payable - non-recourse	505,468	440,781
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Restricted cash	27,027	19,461
Securitized notes receivable, net	392,612	354,403
Receivable backed notes payable - non-recourse	$ 505,468	$ 440,781

VOI Inventory (Narrative) (Deta

VOI Inventory (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended
	May 31, 2023	Apr. 30, 2023
Missouri [Member]
Inventory [Line Items]
Purchase price of units		$ 7.1
Tennessee [Member]
Inventory [Line Items]
Purchase price of units	$ 53.6
Tennessee [Member] | VOI Inventory [Member]
Inventory [Line Items]
Purchase price of units	51.6
Tennessee [Member] | Property And Equipment [Member]
Inventory [Line Items]
Purchase price of units	$ 2

VOI Inventory (Summary Of Inven

VOI Inventory (Summary Of Inventory) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
VOI Inventory [Abstract]
Completed VOI units	$ 282,467	$ 317,492
Construction-in-progress	100,029	8,537
Real estate held for future development	65,467	63,835
Total	$ 447,963	$ 389,864

Debt (Receivable-Backed Notes P

Debt (Receivable-Backed Notes Payable, Narrative) (Details)		1 Months Ended	6 Months Ended
		Jun. 30, 2023 USD ($) item	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jul. 28, 2023 USD ($)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
New debt issuances			$ 0
Gain (loss) recognized from VOI sold			0
Proceeds from Issuance of Long-term Debt			411,674,000	$ 254,350,000
Repayments of Debt			181,600,000
Receivable-backed notes payable - non-recourse (in VIEs)		$ 505,468,000	505,468,000			$ 440,781,000
Purchase Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		250,000,000	250,000,000
Availability of line of credits/credit facilities		181,600,000	181,600,000
Liberty Bank Facility [Member]
Debt Instrument [Line Items]
Recourse limit		5,000,000	5,000,000			5,000,000
NBA Receivables Facility [Member]
Debt Instrument [Line Items]
Recourse limit		10,000,000	10,000,000			10,000,000
Pacific Western Facility [Member]
Debt Instrument [Line Items]
Recourse limit		7,500,000	7,500,000
BXG Receivables Note Trust 2023 [Member]
Debt Instrument [Line Items]
VOI receivables sold			$ 251,000,000
Gross proceeds of sales to the Trust		$ 212,200,000
2023 Term Securitization [Member]
Debt Instrument [Line Items]
Weighted-average interest rate		6.32%	6.32%
Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable-backed notes payable - non-recourse (in VIEs)		$ 505,468,000	$ 505,468,000			$ 440,781,000
Non-Recourse Receivable Backed Notes Payable [Member] | Liberty Bank Facility [Member]
Debt Instrument [Line Items]
Interest rate	[1]	7.75%	7.75%			6.50%
Receivable-backed notes payable - non-recourse (in VIEs)	[1]	$ 15,201,000	$ 15,201,000			$ 4,907,000
Non-Recourse Receivable Backed Notes Payable [Member] | NBA Receivables Facility [Member]
Debt Instrument [Line Items]
Interest rate	[2]	7.21%	7.21%			6.62%
Receivable-backed notes payable - non-recourse (in VIEs)	[2]	$ 23,000,000	$ 23,000,000			$ 20,866,000
Non-Recourse Receivable Backed Notes Payable [Member] | Quorum Purchase Facility [Member]
Debt Instrument [Line Items]
Receivable-backed notes payable - non-recourse (in VIEs)		$ 11,485,000	$ 11,485,000			$ 14,007,000
Non-Recourse Receivable Backed Notes Payable [Member] | Quorum Purchase Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest rate		5.10%	5.10%			5.10%
Non-Recourse Receivable Backed Notes Payable [Member] | Quorum Purchase Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest rate		4.95%	4.95%			4.95%
Non-Recourse Receivable Backed Notes Payable [Member] | 2018 Term Securitization [Member]
Debt Instrument [Line Items]
Interest rate		4.02%	4.02%			4.02%
Receivable-backed notes payable - non-recourse (in VIEs)		$ 31,909,000	$ 31,909,000			$ 39,326,000
Non-Recourse Receivable Backed Notes Payable [Member] | 2017 Term Securitization [Member]
Debt Instrument [Line Items]
Interest rate		3.12%	3.12%			3.12%
Receivable-backed notes payable - non-recourse (in VIEs)		$ 21,439,000	$ 21,439,000			$ 26,521,000
Non-Recourse Receivable Backed Notes Payable [Member] | 2020 Term Securitization [Member]
Debt Instrument [Line Items]
Interest rate		2.60%	2.60%			2.60%
Receivable-backed notes payable - non-recourse (in VIEs)		$ 60,520,000	$ 60,520,000			$ 69,240,000
Non-Recourse Receivable Backed Notes Payable [Member] | Syndicated Warehouse Facility [Member]
Debt Instrument [Line Items]
Interest rate						5.87%
Receivable-backed notes payable - non-recourse (in VIEs)						$ 104,953,000
Non-Recourse Receivable Backed Notes Payable [Member] | 2023 Term Securitization [Member]
Debt Instrument [Line Items]
Interest rate		6.32%	6.32%
Gross advance rate		85.50%	85.50%
Number of tranches | item		3
Proceeds from Issuance of Long-term Debt		$ 214,600,000
Receivable-backed notes payable - non-recourse (in VIEs)		$ 214,605,000	$ 214,605,000
Subsequent Event [Member] | NBA Receivables Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 70,000,000
Recourse limit					$ 5,000,000
Future advance rate percent					80%
Subsequent Event [Member] | NBA Receivables Facility [Member] | SOFR Floor [Member] | Maximum [Member]
Debt Instrument [Line Items]
Effective yield rate					3%
Subsequent Event [Member] | NBA Receivables Facility [Member] | SOFR Floor [Member] | Minimum [Member]
Debt Instrument [Line Items]
Effective yield rate					2.50%
[1] Recourse on the Liberty Bank Facility is generally limited to $ 5.0 million, subject to certain exceptions. Recourse on the NBA Receivables Facility is generally limited to $ 10.0 million, subject to certain exceptions.

Debt (Junior Subordinated Deben

Debt (Junior Subordinated Debentures, Narrative) (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)
Debt Instrument [Line Items]
New Debt Issuances	$ 0
Receivable-Backed Purchase And Credit Facility [Member]
Debt Instrument [Line Items]
Availability of line of credits/credit facilities	$ 500,400,000

Debt (Note Payable To BBX, Narr

Debt (Note Payable To BBX, Narrative) (Details) - USD ($)	1 Months Ended	6 Months Ended
	Mar. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2020
Debt Instrument [Line Items]
Notes Payable		$ 524,925,000	$ 461,622,000
Gains (Losses) on Extinguishment of Debt		930,000
Notes Payable To BBX Capital [Member]
Debt Instrument [Line Items]
Debt instrument, face amount				$ 75,000,000
Interest rate				6%
Deferred interest rate				8%
Repayments of Notes Payable	$ 14,100,000
Notes Payable		35,000,000	50,000,000
Gains (Losses) on Extinguishment of Debt	900,000
Extinguishment of Debt, Amount	$ 15,000,000
Accrued interest		$ 0	$ 0

Debt (Lines-Of-Credit And Notes

Debt (Lines-Of-Credit And Notes Payable) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total	$ 240,355	$ 218,738
Carrying amount of pledged assets	213,070	239,815
Notes payable and other borrowings [Member]
Debt Instrument [Line Items]
Unamortized debt issuance costs	(1,895)	(2,012)
Panama City Beach Acquisition Loan [Member]
Debt Instrument [Line Items]
Balance	53,500	54,500
Carrying amount of pledged assets	$ 78,631	$ 77,334
Interest Rate	7.33%	6.16%
Fifth Third Syndicated LOC [Member]
Debt Instrument [Line Items]
Balance	$ 95,000	$ 70,000
Carrying amount of pledged assets	$ 67,665	$ 68,413
Interest Rate	6.90%	5.92%
Fifth Third Syndicated Term Loan [Member]
Debt Instrument [Line Items]
Balance	$ 93,750	$ 96,250
Carrying amount of pledged assets	$ 66,774	$ 94,068
Interest Rate	6.90%	5.40%

Debt (Receivable-Backed Notes_2

Debt (Receivable-Backed Notes Payable) (Details) - USD ($)		6 Months Ended
		Jun. 30, 2023	Jul. 28, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Receivable-backed notes payable - recourse		$ 19,457,000		$ 20,841,000
Unamortized debt issuance costs and discounts	[1]	(9,686,000)		(5,131,000)
Receivable backed notes payable - non-recourse		505,468,000		440,781,000
Total receivable-backed debt		524,925,000		461,622,000
Repayments of Debt		181,600,000
Principal Balance of Pledged /Secured Receivable		616,900,000		545,105,000
Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable-backed notes payable - recourse		19,457,000		20,841,000
Principal Balance of Pledged /Secured Receivable		29,552,000		32,305,000
Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse		505,468,000		440,781,000
Principal Balance of Pledged /Secured Receivable		587,348,000		512,800,000
Liberty Bank Facility [Member]
Debt Instrument [Line Items]
Recourse limit		5,000,000		5,000,000
Liberty Bank Facility [Member] | Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable-backed notes payable - recourse	[2]	$ 5,000,000		$ 5,000,000
Interest Rate	[2]	7.75%		6.50%
Principal Balance of Pledged /Secured Receivable	[2]	$ 7,267,000		$ 8,470,000
Liberty Bank Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse	[2]	$ 15,201,000		$ 4,907,000
Interest Rate	[2]	7.75%		6.50%
Principal Balance of Pledged /Secured Receivable	[2]	$ 22,093,000		$ 8,312,000
NBA Receivables Facility [Member]
Debt Instrument [Line Items]
Recourse limit		10,000,000		10,000,000
NBA Receivables Facility [Member] | Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable-backed notes payable - recourse	[3]	$ 10,000,000		$ 10,000,000
Interest Rate	[3]	7.21%		6.62%
Principal Balance of Pledged /Secured Receivable	[3]	$ 14,070,000		$ 13,664,000
NBA Receivables Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse	[3]	$ 23,000,000		$ 20,866,000
Interest Rate	[3]	7.21%		6.62%
Principal Balance of Pledged /Secured Receivable	[3]	$ 32,362,000		$ 28,512,000
Pacific Western Facility [Member]
Debt Instrument [Line Items]
Recourse limit		7,500,000
Pacific Western Facility [Member] | Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable-backed notes payable - recourse	[4]	$ 4,457,000		$ 5,841,000
Interest Rate	[4]	7.67%		6.82%
Principal Balance of Pledged /Secured Receivable	[4]	$ 8,215,000		$ 10,171,000
Syndicated Warehouse Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse				$ 104,953,000
Interest Rate				5.87%
Principal Balance of Pledged /Secured Receivable				$ 125,486,000
Quorum Purchase Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse		11,485,000		14,007,000
Principal Balance of Pledged /Secured Receivable		13,128,000		16,302,000
2015 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse				$ 7,925,000
Interest Rate				3.02%
Principal Balance of Pledged /Secured Receivable				$ 8,516,000
2016 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse		$ 12,395,000		$ 16,061,000
Interest Rate		3.35%		3.35%
Principal Balance of Pledged /Secured Receivable		$ 13,039,000		$ 16,714,000
2017 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse		$ 21,439,000		$ 26,521,000
Interest Rate		3.12%		3.12%
Principal Balance of Pledged /Secured Receivable		$ 23,200,000		$ 28,612,000
2018 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse		$ 31,909,000		$ 39,326,000
Interest Rate		4.02%		4.02%
Principal Balance of Pledged /Secured Receivable		$ 35,046,000		$ 43,163,000
2020 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse		$ 60,520,000		$ 69,240,000
Interest Rate		2.60%		2.60%
Principal Balance of Pledged /Secured Receivable		$ 67,211,000		$ 77,183,000
2022 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse		$ 124,600,000		$ 142,106,000
Interest Rate		4.60%		4.60%
Principal Balance of Pledged /Secured Receivable		$ 138,665,000		$ 160,000,000
2023 Term Securitization [Member]
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount		$ 2,300,000
Weighted average interest rate		6.32%
2023 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse		$ 214,605,000
Interest Rate		6.32%
Principal Balance of Pledged /Secured Receivable		$ 242,604,000
BXG Receivables Note Trust 2023 [Member]
Debt Instrument [Line Items]
VOI receivables sold		$ 251,000,000
Minimum [Member] | Quorum Purchase Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Interest Rate		4.95%		4.95%
Maximum [Member] | Quorum Purchase Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Interest Rate		5.10%		5.10%
Subsequent Event [Member] | NBA Receivables Facility [Member]
Debt Instrument [Line Items]
Recourse limit			$ 5,000,000
[1] This amount includes unamortized discount of $ 2.3 million on the 2023 Term Securitization as of June 30, 2023. Recourse on the Liberty Bank Facility is generally limited to $ 5.0 million, subject to certain exceptions. Recourse on the NBA Receivables Facility is generally limited to $ 10.0 million, subject to certain exceptions. Recourse on the Pacific Western Facility is generally limited to $ 7.5 million, subject to certain exceptions.

Debt (Junior Subordinated Deb_2

Debt (Junior Subordinated Debentures Outstanding) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Carrying Value	$ 136,591	$ 136,011
Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Carrying Value	136,591	136,011
Unamortized debt issuance costs	(878)	(914)
Unamortized purchase discount	(33,428)	(33,972)
Woodbridge [Member] | Woodbridge - Levitt Capital Trust I-IV [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Carrying Value	66,302	66,302
Bluegreen [Member] | Bluegreen Statutory Trust I-VI [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Carrying Value	$ 104,595	$ 104,595
Minimum [Member] | Woodbridge [Member] | Woodbridge - Levitt Capital Trust I-IV [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Effective rate	8.96%	7.47%
Maturity Years		2035
Minimum [Member] | Bluegreen [Member] | Bluegreen Statutory Trust I-VI [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Effective rate	10.01%	8.52%
Maturity Years		2035
Maximum [Member] | Woodbridge [Member] | Woodbridge - Levitt Capital Trust I-IV [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Effective rate	9.10%	8.21%
Maturity Years		2036
Maximum [Member] | Bluegreen [Member] | Bluegreen Statutory Trust I-VI [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Effective rate	10.15%	9.26%
Maturity Years		2037
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%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Basis spread on rate	0.26%

Fair Value Of Financial Instr_3

Fair Value Of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 178,740	$ 175,683
Restricted cash	52,213	50,845
Notes receivable, net	618,587	552,490
Receivable-backed notes payable	524,925	461,622
Lines-of-credit, notes payable	240,355	218,738
Junior subordinated debentures	136,591	136,011
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	178,740	175,683
Restricted cash	52,213	50,845
Notes receivable, net	798,384	720,171
Receivable-backed notes payable	519,659	451,500
Lines-of-credit, notes payable	237,335	215,400
Junior subordinated debentures	127,500	102,000
Note Payable To BBX Capital, Inc. [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Note payable	35,000	50,000
Note Payable To BBX Capital, Inc. [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Note payable	$ 32,750	$ 46,635

Commitments And Contingencies (

Commitments And Contingencies (Details)				1 Months Ended		6 Months Ended		12 Months Ended
	Feb. 08, 2023 USD ($)	Apr. 02, 2021 USD ($)	Oct. 07, 2019 USD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 2019 USD ($) item	Jun. 30, 2023 USD ($) $ / item item	Jun. 30, 2022 USD ($)	Dec. 31, 2015	Aug. 30, 2020 item	Nov. 19, 2019 USD ($)
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Accrued claims				$ 3,800,000		$ 3,900,000
Payments to subsidies						10,700,000	$ 5,700,000
Accrued liabilities and other				110,048,000		$ 118,232,000
Average annual default rates						9.60%		6.90%
Percent of total delinquencies subject to letters						10.20%
Number of stores vacation packages are sold | item						130
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				600,000		$ 6,600,000
Bass Pro And Cabela [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Settlement agreement, payment amount						$ 70,000
Settlement agreement, fixed fee				$ 8,300,000
Payment per vacation package sold | $ / item						32
Contribution To Foundation Per Net Package Sold | $ / item						5
Contribution Annual Minimum					$ 700,000
Reduction of traffic in stores percentage						25%
Maximum [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Cancellation and refund period for vacation packages sold						45 days
Denise Mecke [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Damages sought from lawsuit	$ 7,000,000
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
Number of stores requiring a fixed annual fee | item						59
Cabela [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Number of stores requiring a fixed annual fee | item						60
New York Urban [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Damages sought from lawsuit		$ 70,000,000
Damages sought from agreement termination		$ 50,000,000
Management fee not paid										$ 6,500,000
New York Urban [Member] | Minimum [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Damages sought from lawsuit			$ 10,000,000
Notes Receivable Secured By VOIs [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
VOI sales volume, percentage						15%	17%

Equity (Share Repurchase Progra

Equity (Share Repurchase Program, Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended			6 Months Ended
	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Aug. 31, 2021
Class of Stock [Line Items]
Share repurchase program, value							$ 40,000
Number of shares repurchased		0			0
Purchase and retirement of shares, value			$ 26,122	$ 4,702
Stock Repurchase Increase in Authorized Amount	$ 50,000
Repurchase Program 2021 [Member]
Class of Stock [Line Items]
Purchase and retirement of shares, value			$ 26,100			$ 30,800
Repurchase of shares under program		$ 8,300			$ 8,300
Repurchase Program 2021 [Member] | Class A Common Stock [Member]
Class of Stock [Line Items]
Purchase and retirement of common stock, shares			917,000			1,069,000

Equity (Restricted Stock And St

Equity (Restricted Stock And Stock Option Activity, Narrative) (Details) - Restricted Stock [Member] - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Jan. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized	791,862	1,333,995	791,862	1,333,995
Recognized tax benefit associated with the compensation expense			$ 0
Compensation costs recognition period			3 years 11 months 8 days
Number of shares granted			318,811	208,035
Unrecognized compensation cost	$ 21,100,000		$ 21,100,000
Aggregate fair value					$ 8,900,000
Forfeited				2,500
Compensation expense	$ 1,600,000	$ 800,000	$ 3,000,000	$ 1,600,000
Incentive Plan 2021 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted				208,035
Incentive Plan 2021 [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted			150,000
Incentive Plan 2021 [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period			4 years
Number of shares granted			168,811
Incentive Plan 2021 [Member] | Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized	2,000,000		2,000,000
Authorized share repurchase program	791,862		791,862
Certain Executive Officers and Employees [Member] | Incentive Plan 2021 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized	318,811		318,811
Certain Executive Officers and Employees [Member] | Incentive Plan 2021 [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized	150,000		150,000
Certain Executive Officers and Employees [Member] | Incentive Plan 2021 [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized	168,811		168,811
Awards vesting period			4 years

Equity (Summary Of Non-Vested R

Equity (Summary Of Non-Vested Restricted Stock And Restricted Stock Units) (Details) - Restricted Stock [Member] - $ / shares	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested balance outstanding, beginning of period	889,327	460,470
Granted	318,811	208,035
Vested	(38,670)
Forfeited		(2,500)
Unvested balance outstanding, end of period	1,169,468	666,005
Weighted Average Grant Date Fair Value, Beginning Balance	$ 22.06	$ 20.72
Weighted Average Grant Date Fair Value, Granted	27.99	29.80
Per Share Weighted Average Grant Date Fair Value, Vested	29.80
Per Share Weighted Average Grant Date Fair Value, Forfeited		20.72
Per Share Weighted Average Grant Date Fair Value, Ending Balance	$ 23.42	$ 23.56
Available for grant	791,862	1,333,995

Equity (Restricted Stock Awards

Equity (Restricted Stock Awards, Grants In Period, Weighted Average Grant Date Fair Value) (Details) - $ / shares		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted		318,811	208,035
Per Share Weighted Average Grant Date Fair Value		$ 27.99	$ 29.80
Incentive Plan 2021 [Member] | 1/19/2022 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	[1]	208,035
Per Share Weighted Average Grant Date Fair Value	[1]	$ 29.80
Requisite Service Period	[1]	4 years
Incentive Plan 2021 [Member] | 1/18/23 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	[2]	318,811
Per Share Weighted Average Grant Date Fair Value	[2]	$ 27.99
Requisite Service Period	[2]	4 years
Incentive Plan 2021 [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted			208,035
Incentive Plan 2021 [Member] | Restricted Stock [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted		150,000
Incentive Plan 2021 [Member] | Restricted Stock [Member] | Share-Based Payment Arrangement, Tranche One [Member] | 1/19/2022 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted		154,679
Awards vesting period		4 years
Incentive Plan 2021 [Member] | Restricted Stock [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted		168,811
Awards vesting period		4 years
Incentive Plan 2021 [Member] | Restricted Stock [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | 1/19/2022 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted		53,356
[1] 154,679 of the shares granted are scheduled to vest ratably in annual installments over 4 years and 53,356 of the shares granted are scheduled to cliff vest in January 2026, in each case subject to the terms and conditions of the 2021 Plan and the applicable award agreement. 150,000 of the shares are scheduled to cliff vest in January 2027 and 168,811 of the shares are scheduled to vest ratably over 4 years, in each case subject to the terms and conditions of the 2021 Plan and the applicable award agreement.

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Taxes [Abstract]
Effective income tax rate	27%	26%	27%	27%
Recognized interest or penalties	$ 0		$ 0

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Weighted average number diluted shares outstanding adjustment	441,579	163,000	414,134	178,000
Weighted average shares of unvested restricted stock awards were included in computation as dilutive		163,188		177,353

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Net income attributable to shareholders		$ 21,913	$ 17,784	$ 33,412	$ 33,771
Basic weighted average number of common shares outstanding		15,868,000	20,226,000	15,864,000	20,500,000
Dilutive effect of restricted stock awards		441,579	163,000	414,134	178,000
Diluted weighted average number of common shares outstanding		16,310,000	20,389,000	16,278,000	20,678,000
Basic EPS	[1]	$ 1.38	$ 0.88	$ 2.11	$ 1.65
Diluted EPS	[1]	$ 1.34	$ 0.87	$ 2.05	$ 1.63
[1] Basic and Diluted EPS are calculated the same for both Class A and B common shares.

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Sep. 30, 2020
Related Party Transaction [Line Items]
Notes Payable	$ 524,925		$ 524,925		$ 461,622
Notes Payable To BBX Capital [Member]
Related Party Transaction [Line Items]
Debt instrument, face amount						$ 75,000
Notes Payable	35,000		35,000		50,000
Abdo Companies Inc. [Member]
Related Party Transaction [Line Items]
Related party transaction, purchases from related party	38	$ 38	77	$ 77
BBX [Member]
Related Party Transaction [Line Items]
Management services expenses	500	$ 700	1,000	$ 1,000
Accrued Professional Fees	$ 200		$ 200		$ 200
President And CEO [Member] | Class A and B Common Stock [Member]
Related Party Transaction [Line Items]
Percent of voting power	81%		81%

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands		3 Months Ended				6 Months Ended
		Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2023 USD ($) segment	Jun. 30, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment						2
Total revenues		$ 226,587		$ 212,064		$ 416,560	$ 384,447
Total revenues		260,618		235,570		479,690	430,624
Net income		26,451	$ 15,405	21,836	$ 19,208	41,856	41,043
Interest income (other than interest earned on VOI notes receivable)	[1]	(30,953)		(23,506)		(59,788)	(45,704)
Interest expense		17,741		10,356		34,210	18,114
(Provision) benefit for income taxes		8,019		6,171		12,498	12,361
General and administrative expenses		148,053		149,158		279,492	268,457
Net income attributable to BFC		21,913		17,784		33,412	33,771
General And Administrative Expense Of Share-Based Compensation		1,600		800		3,000	1,600
Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenues		256,880		236,610		475,842	432,389
Segment Adjusted EBITDA	[2]	64,488		58,288		121,785	114,575
Net income		26,451		21,836		41,856	41,043
Depreciation and amortization		2,051		1,846		4,241	3,678
Interest expense		9,980		6,241		19,605	10,603
(Provision) benefit for income taxes		8,019		6,171		12,498	12,361
Sale of vacant land and other assets		(2,911)				(2,890)
General and administrative expenses	[3]	25,653		22,258		52,367	47,558
Other expense, net		(3,078)		68		(3,342)	(473)
Less: Net income attributable to Non-controlling interest		4,538		4,052		8,444	7,272
Net income attributable to BFC		21,913		17,784		33,412	33,771
Corporate Expenses & Other [Member]
Segment Reporting Information [Line Items]
Total revenues		4,755		132		5,892	668
Eliminations [Member]
Segment Reporting Information [Line Items]
Total revenues		(1,017)		(1,172)		(2,044)	(2,433)
Sales Of VOIs And Financing [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenues		197,779		191,091		365,180	340,683
Segment Adjusted EBITDA		41,356		37,368		76,083	73,105
Resort Operations And Club Management [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenues		32,801		29,351		62,993	57,474
Segment Adjusted EBITDA		23,132		20,920		45,702	41,470
Sales of VOIs [Member]
Segment Reporting Information [Line Items]
Total revenues	[4]	150,361		144,261		273,974	243,290
Sales of VOIs [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Interest income (other than interest earned on VOI notes receivable)		(29,300)		(23,400)		(57,200)	(45,500)
Fee-Based Sales Commission Revenue [Member]
Segment Reporting Information [Line Items]
Total revenues	[4]	13,881		18,850		25,572	42,934
Other Fee-Based Services Revenue [Member]
Segment Reporting Information [Line Items]
Total revenues		36,045		32,785		69,345	63,991
Cost Reimbursements [Member]
Segment Reporting Information [Line Items]
Total revenues	[5]	26,300		16,168		47,669	34,232
Cost Reimbursements [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	[6]	26,300		16,168		47,669	34,232
Interest Income [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Interest income (other than interest earned on VOI notes receivable)		$ (1,677)		$ (132)		$ (2,550)	$ (195)
[1] Interest income of $ 29.3 million and $ 23.4 million for the three months ended June 30, 2023 and 2022, respectively, and $ 57.2 million and $ 45.5 million for the six months ended June 30, 2023 and 2022, respectively, are included in the Company’s sales of VOIs and f inancing segment described in Note 14. S ee Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA, including the definition of Adjusted EBITDA. Included in general and administrative expenses for the three months and six months ended June 30, 2023 is $ 1.6 million and $ 3.0 million of share-based compensation, respectively, and $ 0.8 million and $ 1.6 million of share-based compensation for the three and six months ended June 30, 2022, respectively. Included in the Company’s sales of VOIs and financing segment described in Note 14. Included in the Company’s resort operations and club management segment described in Note 14. Cost reimbursement revenue and expense net to zero and are excluded from the computation of adjusted EBITDA below.

Subsequent Events (Details)

Subsequent Events (Details) - NBA Receivables Facility [Member] - USD ($) $ in Millions	Jul. 28, 2023	Jun. 30, 2023	Dec. 31, 2022
Subsequent Event [Line Items]
Recourse limit		$ 10	$ 10
Subsequent Event [Member]
Subsequent Event [Line Items]
Future advance rate percent	80%
Maximum borrowing capacity	$ 70
Recourse percentage of principal and interest outstanding	15%
Recourse limit	$ 5
Maximum [Member] | Subsequent Event [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Subsequent Event [Line Items]
Basis spread on rate	2.25%
Maximum [Member] | Subsequent Event [Member] | SOFR Floor [Member]
Subsequent Event [Line Items]
Effective rate	3%
Minimum [Member] | Subsequent Event [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Subsequent Event [Line Items]
Basis spread on rate	1.75%
Minimum [Member] | Subsequent Event [Member] | SOFR Floor [Member]
Subsequent Event [Line Items]
Effective rate	2.50%