Bluegreen Vacations (BXG) 10-Q 10 Aug 20 2020 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 01, 2020
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-19292
Entity Registrant Name	BLUEGREEN VACATIONS CORPORATION
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	03-0300793
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	Common Stock, $0.01 par value
Trading Symbol	BXG
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	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		72,484,293
Entity Central Index Key	0000778946
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 209,427	$ 190,009
Restricted cash ($16,372 and $22,534 in VIEs at June 30, 2020 and December 31, 2019, respectively)	24,829	49,637
Notes receivable	551,861	589,198
Less: Allowance for loan loss	(147,629)	(140,630)
Notes receivable, net ($288,358 and $292,590 in VIEs at June 30, 2020 and December 31, 2019, respectively)	404,232	448,568
Inventory	350,270	346,937
Prepaid expenses	18,823	10,501
Other assets	28,633	52,731
Operating lease assets	20,834	20,858
Intangible assets, net	61,473	61,515
Loan to related party	80,000	80,000
Property and equipment, net	95,849	99,262
Total assets	1,294,370	1,360,018
Liabilities
Accounts payable	12,641	16,653
Accrued liabilities and other	67,297	103,948
Operating lease liabilities	22,325	22,124
Deferred income	13,783	18,074
Deferred income taxes	87,118	92,504
Receivable-backed notes payable - recourse	74,599	88,569
Receivable-backed notes payable - non-recourse (in VIEs)	325,206	334,246
Lines-of-credit and notes payable	181,908	146,160
Junior subordinated debentures	72,494	72,081
Total liabilities	857,371	894,359
Commitments and Contingencies -See Note 9
Shareholders' Equity
Common stock, $.01 par value, 100,000,000 shares authorized; 72,484,293 shares issued and outstanding at June 30, 2020 and 74,362,693 shares issued and outstanding at December 31, 2019	725	744
Additional paid-in capital	257,812	269,534
Retained earnings	127,551	145,847
Total Bluegreen Vacations Corporation shareholders' equity	386,088	416,125
Non-controlling interest	50,911	49,534
Total shareholders' equity	436,999	465,659
Total liabilities and shareholders' equity	$ 1,294,370	$ 1,360,018

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Restricted cash	$ 24,829	$ 49,637
Notes receivable, net	$ 404,232	$ 448,568
Common Stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	72,484,293	74,362,693
Common stock, shares outstanding	72,484,293	74,362,693
Variable Interest Entity, Primary Beneficiary [Member]
Restricted cash	$ 16,372	$ 22,534
Notes receivable, net	$ 288,358	$ 292,590

Consolidated Statements Of Oper

Consolidated Statements Of Operations And Comprehensive Income - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Total revenue		$ 68,833	$ 192,223	$ 225,759	$ 357,875
Costs and expenses:
Cost of VOIs sold		1,038	10,572	5,137	14,420
Cost of other fee-based services		18,535	19,049	40,246	41,042
Cost reimbursements		11,850	14,007	30,970	31,051
Selling, general and administrative expenses		40,880	148,543	143,077	239,632
Interest expense		8,540	10,061	17,358	19,567
Total costs and expenses		80,843	202,232	236,788	345,712
(Loss) Income before non-controlling interest and (benefit) provision for income taxes		(12,010)	(10,009)	(11,029)	12,163
Benefit) provision for income taxes		(3,821)	(3,957)	(3,777)	1,346
Net (loss) income		(8,189)	(6,052)	(7,252)	10,817
Less: Net income attributable to non-controlling interest		641	5,131	1,377	6,847
Net (loss) income attributable to Bluegreen Vacations Corporation shareholders		(8,830)	(11,183)	(8,629)	3,970
Comprehensive (loss) income attributable to Bluegreen Vacations Corporation shareholders		$ (8,830)	$ (11,183)	$ (8,629)	$ 3,970
(Loss) Earnings per share attributable to Bluegreen Vacations Corporation shareholders - Basic and diluted		$ (0.12)	$ (0.15)	$ (0.12)	$ 0.05
Weighted average number of common shares outstanding:
Basic and diluted		72,485	74,446	73,275	74,446
Cash dividends declared per share			$ 0.17	$ 0.13	$ 0.34
Gross Sales Of VOIs [Member]
Revenues:
Total revenue		$ 10,900	$ 80,221	$ 86,381	$ 143,105
Estimated Uncollectible VOI Notes Receivable [Member]
Revenues:
Total revenue		(1,846)	(11,919)	(32,199)	(23,072)
Sales of VOIs [Member]
Revenues:
Total revenue	[1]	9,054	68,302	54,182	120,033
Fee-Based Sales Commission Revenue [Member]
Revenues:
Total revenue	[1]	1,135	55,343	42,500	100,555
Other Fee-Based Services Revenue [Member]
Revenues:
Total revenue		26,413	30,703	55,727	60,271
Cost Reimbursements [Member]
Revenues:
Total revenue	[2]	11,850	14,007	30,970	31,051
Interest Income [Member]
Revenues:
Total revenue	[3]	20,108	21,875	41,974	43,883
Other Income, Net [Member]
Revenues:
Total revenue		$ 273	$ 1,993	$ 406	$ 2,082
[1]	Included in our Sales of VOIs and financing segment described in Note 12.
[2]	Included in our Resort operations and club management segment described in Note 12.
[3]	Interest income of $ 19.1 million and $ 19.9 million for three months ended June 30, 2020 and 2019, respectively, and $ 39.2 million and $ 39.9 million for the six months ended June 30, 2020 and 2019, respectively, is included in our Sales of VOIs and financing segment described in Note 12.

Consolidated Statement Of Share

Consolidated Statement Of Shareholder's Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Earnings [Member]	Non-controlling Interests [Member]	Total
Beginning balance at Dec. 31, 2018	$ 744	$ 270,369	$ 158,641	$ 45,611	$ 475,365
Beginning balance, shares at Dec. 31, 2018	74,445,923
Net (loss) income			15,153	1,716	16,869
Dividends to shareholders			(12,655)		(12,655)
Ending balance at Mar. 31, 2019	$ 744	270,369	161,139	47,327	479,579
Ending balance, shares at Mar. 31, 2019	74,445,923
Beginning balance at Dec. 31, 2018	$ 744	270,369	158,641	45,611	475,365
Beginning balance, shares at Dec. 31, 2018	74,445,923
Net (loss) income					10,817
Ending balance at Jun. 30, 2019	$ 744	270,369	137,299	52,458	460,870
Ending balance, shares at Jun. 30, 2019	74,445,923
Beginning balance at Mar. 31, 2019	$ 744	270,369	161,139	47,327	479,579
Beginning balance, shares at Mar. 31, 2019	74,445,923
Net (loss) income			(11,183)	5,131	(6,052)
Dividends to shareholders			(12,657)		(12,657)
Ending balance at Jun. 30, 2019	$ 744	270,369	137,299	52,458	460,870
Ending balance, shares at Jun. 30, 2019	74,445,923
Beginning balance at Dec. 31, 2019	$ 744	269,534	145,847	49,534	465,659
Beginning balance, shares at Dec. 31, 2019	74,362,693
Net (loss) income			201	736	937
Dividends to shareholders			(9,667)		(9,667)
Stock repurchase, value	$ (19)	(11,722)			(11,741)
Stock repurchase, shares	(1,878,400)
Ending balance at Mar. 31, 2020	$ 725	257,812	136,381	50,270	445,188
Ending balance, shares at Mar. 31, 2020	72,484,293
Beginning balance at Dec. 31, 2019	$ 744	269,534	145,847	49,534	465,659
Beginning balance, shares at Dec. 31, 2019	74,362,693
Net (loss) income					(7,252)
Ending balance at Jun. 30, 2020	$ 725	257,812	127,551	50,911	436,999
Ending balance, shares at Jun. 30, 2020	72,484,293
Beginning balance at Mar. 31, 2020	$ 725	257,812	136,381	50,270	445,188
Beginning balance, shares at Mar. 31, 2020	72,484,293
Net (loss) income			(8,830)	641	(8,189)
Ending balance at Jun. 30, 2020	$ 725	$ 257,812	$ 127,551	$ 50,911	$ 436,999
Ending balance, shares at Jun. 30, 2020	72,484,293

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating activities:
Net (loss) income	$ (7,252)	$ 10,817
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	9,535	9,056
Loss (gain) on disposal of property and equipment	43	(1,945)
Provision for loan losses	32,199	23,072
Benefit for deferred income taxes	(5,386)	(10,041)
Changes in operating assets and liabilities:
Notes receivable	12,137	(24,905)
Prepaid expenses and other assets	15,783	(11,528)
Inventory	(3,333)	(8,071)
Accounts payable, accrued liabilities and other, and deferred income	(44,729)	25,157
Net cash provided by operating activities	8,997	11,612
Investing activities:
Purchases of property and equipment	(4,542)	(14,516)
Proceeds from sale of property and equipment	165	1,820
Net cash used in investing activities	(4,377)	(12,696)
Financing activities:
Proceeds from borrowings collateralized by notes receivable	42,418	45,095
Payments on borrowings collateralized by notes receivable	(66,115)	(66,769)
Proceeds from borrowings collateralized by line-of-credit facilities and notes payable	80,000	20,386
Payments under line-of-credit facilities and notes payable	(44,324)	(17,407)
Payments of debt issuance costs	(581)	(132)
Repurchase and retirement of common stock	(11,741)
Dividends paid	(9,667)	(25,312)
Net cash used in financing activities	(10,010)	(44,139)
Net decrease in cash and cash equivalents and restricted cash	(5,390)	(45,223)
Cash, cash equivalents and restricted cash at beginning of period	239,646	273,134
Cash, cash equivalents and restricted cash at end of period	234,256	227,911
Supplemental schedule of operating cash flow information:
Interest paid, net of amounts capitalized	16,423	16,871
Income taxes paid	$ 241	$ 14,357

Organization And Basis Of Finan

Organization And Basis Of Financial Statement Presentation	6 Months Ended
	Jun. 30, 2020
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 Corporation is referred to in this report together with its consolidated subsidiaries as “Bluegreen Vacations”, “Bluegreen”, “the Company”, “we”, “us” and “our”. Bluegreen 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 our opinion, the financial information furnished herein reflects all adjustments consisting of normal recurring items necessary for a fair presentation of our financial position, results of operations, and cash flows for the interim periods reported in this Quarterly Report on Form 10-Q. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and, accordingly, actual results could differ from those estimates. Due to the unprecedented impact and potential current and future impact of the Coronavirus Disease 2019 (“COVID-19”) pandemic and other factors, the results of operations for the three and six months ended June 30, 2020 are not necessarily indicative of the results to be expected for the year ending December 31, 2020 or any other future interim or annual periods. The accompanying financial statements should be read in conjunction with our audited consolidated financial statements and notes thereto as of and for the year ended December 31, 2019, included in our Annual Report on Form 10-K filed with the SEC on March 12, 2020 (the “2019 Annual Report on Form 10-K”). Our Business We are a leading vacation ownership company that markets and sells vacation ownership interests (“VOIs”) and manages resorts in popular leisure and urban destinations. Our resort network includes 45 Club Resorts (resorts in which owners in the Bluegreen Vacation Club (“Vacation Club”) have the right to use most of the units in connection with their VOI ownership) and 23 Club Associate Resorts (resorts in which owners in our Vacation Club have the right to use a limited number of units in connection with their VOI ownership). Our Club Resorts and Club Associate Resorts are primarily located in high-volume, “drive-to” vacation locations, including Orlando, Las Vegas, Myrtle Beach, Charleston and New Orleans, among others. Through our points-based system, the approximately 219,000 owners in our Vacation Club have the flexibility to stay at units available at any of our resorts and have access to almost 11,400 other hotels and resorts through partnerships and exchange networks. The resorts in which we market, sell or manage VOIs were either developed or acquired by us, or were developed and are owned by third parties. We earn fees for providing sales and marketing services to third party developers. We also earn fees for providing management services to the Vacation Club and homeowners’ associations (“HOAs”), mortgage servicing, VOI title services, reservation services, and construction design and development services. In addition, we provide financing to qualified VOI purchasers, which has historically generated significant interest income. While we currently intend to increase our focus on sales of developed VOIs, we derive a significant portion of our revenue from our capital-light business model, which utilizes our expertise and infrastructure to generate both VOI sales and recurring revenue from third parties without the significant capital investment generally associated with the development and acquisition of resorts. Our capital-light business activities include sales of VOIs owned by third-party developers pursuant to which we are paid a commission (“fee-based sales”) and sales of VOIs that we purchase under just-in-time (“JIT”) arrangements with third-party developers or from secondary market sources. In addition, as described above, we provide other fee-based services, including resort management, mortgage servicing, title services and construction management, and generate income through financing provided to qualified VOI purchasers in connection with VOI sales. All of our operations and activities have been materially adversely impacted by the COVID-19 pandemic as discussed further herein. Impact of the COVID-9 Pandemic The COVID-19 pandemic has caused and continues to cause, an unprecedented disruption in the U.S. economy and the travel, hospitality and vacation ownership industries due to, among other things, resort closures, travel restrictions and restrictions on business operations including government guidance with respect to travel, public accommodations, social gatherings and related matters. The disruptions arising from the pandemic had a significant adverse impact on our financial condition and operations during the three and six months ended June 30, 2020. The duration and severity of the pandemic and related disruptions, as well as the adverse impact on the economic and market conditions, are uncertain; however, given the nature of these circumstances, the adverse impact of the pandemic on our consolidated results of operations, cash flows and financial condition in 2020 has been, and is expected to continue to be, material. Furthermore, the duration and the severity of the effects of the pandemic are uncertain and we cannot predict if or when our industry will return to pre-pandemic levels. On March 23, 2020 we temporarily closed all of our VOI sales centers; our retail marketing operations at Bass Pro Shops and Cabela’s stores and outlet malls; and our Choice Hotels call transfer program. In connection with these actions we canceled existing owner reservations through May 15, 2020 and new prospect guest tours through June 30, 2020. Further, some of our Club and Club Associate Resorts were closed in accordance with government mandates and advisories. Beginning mid-May 2020, we started the process of recommencing our sales and marketing operations and our closed resorts began to welcome guests as government mandates were lifted. By June 30, 2020, 64 Bass Pro Shops and Cabela’s stores (out of the 89 that were open in March 2020) were open, we reactivated our Choice Hotels call transfer program, virtually all of our resorts were open, and 21 of our 26 VOI sales centers were open for sales to existing owners and one sale center was selling to new prospects. As of July 31, 2020, 23 VOI sales centers were open for sales to existing owners, 17 of which were open for sales to new prospects. System-wide sales of VOIs were $ 30.9 million in July 2020. In addition, as of July 31, 2020, we were marketing vacation packages at 85 Bass Pro and Cabela’s stores. However, increased COVID-19 cases in certain markets in July resulted in increases in cancelations of marketing guest stays (and consequently, new owner prospects) and it is impossible to predict whether this trend will continue or worsen or the extent of the adverse impact this may have on Bluegreen. As a result of the effect of the pandemic, we implemented several cost mitigating activities beginning in March 2020, including reductions in workforce of over 1,600 positions and the placement of another approximate 3,200 of our associates on temporary furlough or reduced work hours. As of June 30, 2020, approximately 2,300 associates had returned to work on a full-time basis. In July 2020, approximately 600 additional associates returned to work on a full-time basis for a total of approximately 4,250 full-time associates as of July 31, 2020 compared to approximately 6,050 full-time associates as of July 31, 2019. However, as a result of the slowdown discussed above or otherwise, additional employees may be terminated or furloughed in the future. As a result of the effect of the COVID-19 pandemic, during the three and six months ended June 30, 2020, we incurred $ 2.2 million and $ 6.7 million in severance, respectively, and $ 10.7 million and $ 11.6 million, respectively, of payroll and payroll benefit expense relating to employees on temporary furlough or reduced work hours. These payments and expenses are included in selling, general and administrative expenses in our unaudited consolidated statement of operations for the three and six months ended June 30, 2020. Also, in March 2020 we drew down $ 60 million under our lines-of-credit and pledged or sold receivables under our various receivable backed facilities to increase our cash position. In June 2020, we repaid $ 40 million under our syndicated line-of-credit and amended the agreements to modify the definition of certain customary covenants. We also suspended our regular quarterly cash dividends on our common stock. As of June 30, 2020, our unrestricted cash balance was $ 209.4 million. Principles of Consolidation and Basis of Presentation Our unaudited consolidated financial statements include the accounts of all of our wholly-owned subsidiaries, entities in which we hold a controlling financial interest, including Bluegreen/Big Cedar Vacations, LLC (a joint venture in which we are deemed to hold a controlling financial interest based on our 51 % equity interest, our active role as the day-to-day manager of its activities, and our majority voting control of its management committee, (“Bluegreen/Big Cedar Vacations”), and variable interest entities (sometimes referred to herein as “VIEs”) of which we are the primary beneficiary, as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Consolidation (Topic 810). We do not consolidate the statutory business trusts formed by us to issue trust preferred securities as these entities represent VIEs in which we are not the primary beneficiary. The statutory business trusts are accounted for under the equity method of accounting. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates Our financial statements are prepared in conformity with GAAP, which requires us 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 our financial statements. Although our current estimates contemplate current and expected future conditions, as applicable, it is reasonably possible that actual conditions could differ from our expectations, which could materially affect our results of operations and financial position. In particular, a number of estimates have been and will continue to be affected by the ongoing COVID-19 pandemic. The severity, magnitude and duration, as well as the economic consequences of the COVID-19 pandemic, are uncertain, rapidly changing and difficult to predict. As a result, our accounting estimates and assumptions may change over time in response to the impact of COVID-19. Such changes could result in, among other adjustments, future impairments of intangibles and long-lived assets, incremental credit losses on VOI notes receivable, a decrease in the carrying amount of our tax assets, or an increase in other obligations as of the time of a relevant measurement event. Reclassification of Prior Period Presentation Certain prior period balances were reclassified to conform to current period presentation. The reclassification had no impact on our statements of operations and comprehensive income or statements of cash flows.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	6 Months Ended
	Jun. 30, 2020
Recently Issued Accounting Pronouncements [Abstract]
Recently Issued Accounting Pronouncements	2. Recently Issued Accounting Pronouncements Recently Adopted Accounting Standards In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326)” (“ASU 2016-13”), which introduces an approach of estimating credit losses on certain types of financial instruments based on expected losses. ASU 2016-13 also expands the disclosure requirements regarding an entity’s assumptions, models, and methods for estimating the allowance for loan losses. Further, the standard requires that public entities disclose the amortized cost balance for each class of financial asset by credit quality indicator, disaggregated by the year of origination (i.e., by vintage year). This standard became effective for us on January 1, 2020. We adopted this standard on January 1, 2020 using a modified retrospective method, which did not have a material impact on our consolidated financial statem ents and related disclosures and no cumulative adjustment was recorded primarily as our VOI notes receivable are recorded net of an allowance that is calculated in accordance with ASC 606, Revenue from Contracts with Customers . We also elected the practical expedient to not measure an allowance for credit losses for accrued interest receivables, as our 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. In August 2018, the FASB issued ASU 2018-15, “Intangibles – Goodwill and Other – Internal–Use Software (Subtopic 350-40)” (“ASU 2018-15”), which requires a customer in a cloud computing arrangement that is a service contract (“CCA”) to follow internal-use software guidance in ASC 350-40 to determine which implementation costs to capitalize as assets or expense as incurred. ASU 2018-15 also requires companies to present implementation costs related to a CCA in the same financial statement line items as the CCA service fees. We adopted this standard on January 1, 2020 and are applying the transition guidance as of the date of adoption prospectively, under the current period adjustment method. Upon adoption of the standard, we reclassified $ 1.9 million of capitalized implementation costs related to a CCA that was in the implementation phase as of January 1, 2020 from property and equipment to prepaid expenses. Accounting Standards Not Yet Adopted The FASB has issued the following accounting pronouncement and guidance relevant to our operations which had not yet been adopted as of June 30, 2020: 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 discontinuation of LIBOR in response to the Financial Conduct Authority (the regulatory authority over LIBOR) plan for a phase out of regulatory oversight of LIBOR interest rate indices after 2021 to allow for an orderly transition to an alternate reference rate. The Alternative Reference Rates Committee (“ARRC”) has proposed that the Secured Overnight Financing Rate (“SOFR”) is the rate that represents best practice as the alternative to LIBOR for promissory notes or other contracts that are currently indexed to LIBOR. The ARRC has proposed a market transition plan to SOFR from LIBOR and organizations are currently working on transition plans as it relates to derivatives and cash markets exposed to LIBOR. Although our VOIs notes receivable from our borrowers are not indexed to LIBOR, we currently have $ 110.8 million of LIBOR indexed junior subordinated debentures, $ 85.5 million of LIBOR indexed receivable-backed notes payable and lines of credit, and $ 183.2 million of LIBOR indexed l ines of credit and notes payable (which are not receivable-backed) that mature after 2021. Companies can apply ASU 2020-04 immediately. However, the guidance will only be available for a limited time, generally through December 31, 2022. We are evaluating the potential impact that the eventual replacement of the LIBOR benchmark interest rate could have on our results of operations, liquidity and consolidated financial statements. In June 2016, the FASB issued ASU 2013-13, “Financial Instruments—Credit Losses (Topic 326)” (“ASU 2016-13”), which introduces an approach of estimating credit losses on certain types of financial instruments based on expected losses. ASU 2016-13 also expands the disclosure requirements regarding an Entitiey’s assumptions, models, and methods for estimating the allowance for loan losses. Further, public entities will be required to disclose the amortized cost balance for each class of financial asset by credit quality indicator, disaggregated by the year of origination (i.e., by vintage year). This standard will be effective In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326)” (“ASU 2016-13”), which introduces an approach of estimating credit losses on certain types of financial instruments based on expected losses. ASU 2016-13 also expands the disclosure requirements regarding an entity’s assumptions, models, and methods for estimating the allowance for loan losses. Further, public entities will be required to disclose the amortized cost balance for each class of financial asset by credit quality indicator, disaggregated by the year of origination (i.e., by vintage year). This standard will be effective for us on January 1, 2020. Early adoption is permitted. We are currently evaluating the impact that ASU 2016-13 may have on our consolidated financial statements.

Revenue From Contracts With Cus

Revenue From Contracts With Customers	6 Months Ended
	Jun. 30, 2020
Revenue from Contracts with Customers [Abstract]
Revenue From Contracts With Cutomers	3. Revenue From Contracts with Customers We operate our business in the following two segments: ( i) Sales of VOIs and financing; and (ii) Resort operations and club management . The table below sets forth our disaggregated revenue by segment from contracts with customers (in thousands). For the Three Months Ended For the Six Months Ended June 30, June 30, 2020 2019 2020 2019 Sales of VOIs (1) $ 9,054 $ 68,302 $ 54,182 $ 120,033 Fee-based sales commission revenue (1) 1,135 55,343 42,500 100,555 Resort and club management revenue (2) 24,224 25,603 49,253 51,039 Cost reimbursements (2) 11,850 14,007 30,970 31,051 Title fees and other (1) 1,349 3,040 4,072 5,768 Other revenue (2) 840 2,060 2,402 3,464 Revenue from customers 48,452 168,355 183,379 311,910 Interest income (3) 20,108 21,875 41,974 43,883 Other income, net 273 1,993 406 2,082 Total revenue $ 68,833 $ 192,223 $ 225,759 $ 357,875 (1) Included in our Sales of VOIs and financing segment described in Note 12. (2) Included in our Resort operations and club management segment described in Note 12. (3) Interest income of $ 19.1 million and $ 19.9 million for three months ended June 30, 2020 and 2019, respectively, and $ 39.2 million and $ 39.9 million for the six months ended June 30, 2020 and 2019, respectively, is included in our Sales of VOIs and financing segment described in Note 12. Please refer to Note 12: Segment Reporting below for additional information related to our segments.

Notes Receivable

Notes Receivable	6 Months Ended
	Jun. 30, 2020
Notes Receivable [Abstract]
Notes Receivable	4 . Notes Receivable The table below provides information relating to our notes receivable and our allowance for loan losses (dollars in thousands): As of June 30, December 31, 2020 2019 Notes receivable secured by VOIs: VOI notes receivable - non-securitized $ 167,638 $ 203,872 VOI notes receivable - securitized 384,223 385,326 Gross VOI notes receivable 551,861 589,198 Allowance for loan losses - non-securitized ( 51,764 ) ( 47,894 ) Allowance for loan losses - securitized ( 95,865 ) ( 92,736 ) Allowance for loan losses ( 147,629 ) ( 140,630 ) VOI notes receivable, net $ 404,232 $ 448,568 Allowance as a % of VOI notes receivable 27 % 24 % The weighted-average interest rate charged on our notes receivable secured by VOIs was 14.9 % as of June 30, 2020 and December 31, 2019. All of our VOI loans bear interest at fixed rates. Our VOI notes receivable are generally secured by property located in Florida, Missouri, Nevada, South Carolina, Tennessee, and Wisconsin. Allowance for Loan Losses The activity in our allowance for loan losses was as follows (in thousands): For the Six Months Ended June 30, 2020 2019 Balance, beginning of period $ 140,630 $ 134,133 Provision for loan losses 32,199 23,072 Less: Write-offs of uncollectible receivables ( 25,200 ) ( 23,719 ) Balance, end of period $ 147,629 $ 133,486 We monitor the credit quality of our receivables on an ongoing basis. We hold large amounts of homogeneous VOI notes receivable and assess uncollectibility based on pools of receivables as we do not believe that there are significant concentrations of credit risk with any individual counterparty or groups of counterparties. In estimating loan losses, we do not use a single primary indicator of credit quality but instead evaluate our 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. While it is still too early to realize the full impact of COVID- 19 on our default or delinquency rates as of June 30, 2020, we believe that the COVID-19 pandemic will have a significant impact on our VOI notes receivable. Accordingly, during the six months ended June 30, 2020, we recorded an additional allowance for loan losses of $ 12.0 million, which includes our estimate of customer defaults as a result of the COVID – 19 pandemic based on our historical experience, forbearance requests received from our customers, and other factors, including but not limited to, the seasoning of the notes receivable and FICO scores of the customers. Additional information about our VOI notes receivable by year of origination is as follows as of June 30, 2020 (in thousands): Year of Origination 2020 2019 2018 2017 2016 2015 and Prior Total 701+ $ 29,419 $ 99,830 $ 66,310 $ 43,027 $ 32,118 $ 42,784 $ 313,488 601-700 13,504 50,438 39,403 28,705 26,256 41,312 199,618 <601 (1) 1,266 5,061 3,473 2,358 2,692 4,836 19,686 Other (2) — 1,728 4,045 3,866 3,156 6,274 19,069 Total by FICO score $ 44,189 $ 157,057 $ 113,231 $ 77,956 $ 64,222 $ 95,206 $ 551,861 Defaults $ 35 $ 5,602 7,198 $ 4,990 $ 3,941 $ 3,434 $ 25,200 Allowance for loan loss $ 11,137 $ 45,863 $ 31,939 $ 19,924 $ 18,662 $ 20,104 $ 147,629 Delinquency status: Current $ 43,501 $ 151,466 $ 106,788 $ 72,848 $ 60,126 $ 87,203 $ 521,932 31-60 days 311 1,430 1,117 894 652 723 5,127 61-90 days 197 1,437 1,213 775 683 826 5,131 Over 91 days (2) 180 2,724 4,113 3,439 2,761 6,454 19,671 Total $ 44,189 $ 157,057 $ 113,231 $ 77,956 $ 64,222 $ 95,206 $ 551,861 (1) Includes VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers). (2) Includes $ 12.1 million related to VOI notes receivable that, as of June 30, 2020, had defaulted, but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of our receivable-backed notes payable transactions. These VOI notes receivable have been reflected in the allowance for loan losses. The percentage of gross notes receivable outstanding by FICO score of the borrower at the time of origination, were as follows: As of June 30, December 31, 2020 2019 FICO Score 701+ 59 % 59 % 601-700 37 37 <601 (1) 4 4 Total 100 % 100 % (1) Includes VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers). Our 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, 2020 and December 31, 2019, $ 19.7 million and $ 19.3 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, our VOI notes receivable are generally written off against the allowance for loan loss. Accrued interest was $ 4.7 million and $ 5.3 million as of June 30, 2020 and December 31, 2019, respectively, and is included within other assets in our unaudited consolidated balance sheets herein. The following table shows the delinquency status of our VOI notes receivable as of June 30, 2020 and December 31, 2019 (in thousands): As of June 30, December 31, 2020 2019 Current $ 521,932 $ 557,849 31-60 days 5,127 6,794 61-90 days 5,131 5,288 Over 91 days (1) 19,671 19,267 Total $ 551,861 $ 589,198 (1) Includes $ 12.1 million and $ 10.6 million of VOI notes receivable as of June 30, 2020 and December 31, 2019, respectively, related to VOI notes receivable that as of such date, had defaulted, but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of our receivable-backed notes payable transactions. These VOI notes receivable have been reflected in the allowance for loan losses.

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2020
Variable Interest Entities [Abstract]
Variable Interest Entities	5 . Variable Interest Entities We sell VOI notes receivable through special purpose finance entities. These transactions are generally structured as non-recourse to us and are designed to provide liquidity for us and to transfer the economic risks and benefits of the notes receivable to third parties. In a securitization, various classes of debt securities are issued by the special purpose finance entities that are generally collateralized by a single tranche of transferred assets, which consist of VOI notes receivable. We 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. In these securitizations, we generally retain a portion of the securities and continue to service the securitized notes receivable. Under these arrangements, the cash payments received from obligors on the receivables sold are generally applied monthly to pay fees to service providers, make interest and principal payments to investors, and fund required reserves, if any, with the remaining balance of such cash retained by us; 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, 2020, we were in compliance with all material terms under our securitization transactions, and no trigger events had occurred but there is no assurance that compliance will be maintained in the future. In accordance with applicable accounting guidance for the consolidation of VIEs, we analyze our variable interests, which may consist of loans, servicing rights, guarantees, and equity investments, to determine if an entity in which we have a variable interest is a VIE. The analysis includes a review of both quantitative and qualitative factors. We base our quantitative analysis on the forecasted cash flows of the entity and our qualitative analysis on the structure of the entity, including our decision-making ability and authority with respect to the entity, and relevant financial agreements. We also use a qualitative analysis to determine if we must consolidate a VIE as the primary beneficiary. In accordance with applicable accounting guidance, we have determined these securitization entities to be VIEs of which we are the primary beneficiary and, therefore, we consolidate the entities into our financial statements. Under the terms of certain of our VOI note sales, we have the right to repurchase or substitute a limited amount of defaulted notes for new notes at the outstanding principal balance plus accrued interest. Voluntary repurchases and substitutions by us of defaulted notes for the six months ended June 30, 2020 and 2019 were $ 7.6 million and $ 4.5 million, respectively. Our maximum exposure to loss relating to our 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 our consolidated VIEs are as follows (in thousands): As of June 30, December 31, 2020 2019 Restricted cash $ 16,372 $ 22,534 Securitized notes receivable, net 288,358 292,590 Receivable backed notes payable - non-recourse 325,206 334,246 The restricted cash and the securitized notes receivable balances disclosed in the table above are restricted to satisfy obligations of the VIEs.

Inventory

Inventory	6 Months Ended
	Jun. 30, 2020
Inventory [Abstract]
Inventory	6. Inventory Our VOI inventory consists of the following (in thousands): As of June 30, December 31, 2020 2019 Completed VOI units $ 274,622 $ 269,847 Construction-in-progress — 3,946 Real estate held for future development 75,648 73,144 Total $ 350,270 $ 346,937

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt [Abstract]
Debt	7. Debt Lines-of-Credit and Notes Payable We have outstanding borrowings with various financial institutions and other lenders. 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, 2020 and December 31, 2019, was as follows (dollars in thousands): As of June 30, 2020 December 31, 2019 Balance Interest Rate Carrying Amount of Pledged Assets Balance Interest Rate Carrying Amount of Pledged Assets NBA Éilan Loan 16,996 4.75 % 28,649 18,820 4.95 % 31,259 Fifth Third Syndicated LOC 70,000 2.49 % 86,753 30,000 3.85 % 49,062 Fifth Third Syndicated Term 96,250 3.71 % 119,285 98,750 3.71 % 161,497 Unamortized debt issuance costs ( 1,338 ) — — ( 1,410 ) — — Total $ 181,908 $ 234,687 $ 146,160 $ 241,818 Fifth Third Syndicated Line-of-Credit and Fifth Third Syndicated Term Loan. During March 2020, in an effort to ensure adequate liquidity for a sustained period due to the effect of the COVID-19 pandemic, we drew down $ 60 million under our line-of-credit. In June 2020, we repaid $ 40 million under our syndicated line-of-credit and amended the agreements to modify the definition of certain customary covenants. As of June 30, 2020, outstanding borrowings under the facility totaled $ 166.3 million, including $ 96.3 million under the Fifth Third Syndicated Term Loan with an interest rate of 3.71 %, and $ 70.0 million under the Fifth Third Syndicated Line of Credit with an interest rate of 2.49 %. Except as described above , there were no new debt issuances or significant changes related to the above listed lines-of-credit or notes payable during the six ended months June 30, 2020. See Note 10 to our Consolidated Financial Statements included in our 2019 Annual Report on Form 10-K for additional information regarding the lines-of-credit and notes payable. Receivable-Backed Notes Payable Financial data related to our receivable-backed notes payable facilities was as follows (dollars in thousands): As of June 30, 2020 December 31, 2019 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) $ 21,663 4.00 % $ 26,630 $ 25,860 4.75 % $ 31,681 NBA Receivables Facility 26,484 3.50 % 32,870 32,405 4.55 % 39,787 Pacific Western Facility (1) 26,452 3.06 % 32,747 30,304 4.68 % 37,809 Total 74,599 92,247 88,569 109,277 Receivable-backed notes payable - non-recourse: KeyBank/DZ Purchase Facility $ 65,159 2.50 % $ 81,522 $ 31,708 3.99 % $ 39,448 Quorum Purchase Facility 36,759 4.75 - 5.50 % 42,836 44,525 4.75 - 5.50 % 49,981 2012 Term Securitization 6,093 2.94 % 7,167 8,638 2.94 % 9,878 2013 Term Securitization 14,811 3.20 % 16,581 18,219 3.20 % 19,995 2015 Term Securitization 26,426 3.02 % 28,707 31,188 3.02 % 33,765 2016 Term Securitization 40,897 3.35 % 46,375 48,529 3.35 % 54,067 2017 Term Securitization 57,641 3.12 % 66,280 65,333 3.12 % 74,219 2018 Term Securitization 81,858 4.02 % 94,755 91,231 4.02 % 103,974 Unamortized debt issuance costs ( 4,438 ) --- — ( 5,125 ) --- — Total 325,206 384,223 334,246 385,327 Total receivable-backed debt $ 399,805 $ 476,470 $ 422,815 $ 494,604 (1) Recourse on these facilities are each limited to $10 million, subject to certain exceptions. Liberty Bank Facility. Since 2008, we have maintained a revolving VOI notes receivable hypothecation facility (the “Liberty Bank Facility”) with Liberty Bank which provides for advances on eligible receivables pledged under the Liberty Bank Facility, subject to specified terms and conditions, during the revolving credit period. On June 25, 2020, we amended the Liberty Bank Facility to extend the revolving credit period from June 2020 to June 2021, and the maturity from March 2023 to June 2024. In addition, the amendment decreased the advance rate with respect to Qualified Timeshare Loans from 85 % to 80 % of the unpaid principal balance of the Qualified Timeshare Loans by September 2020. The advance rate is 60 % of the unpaid principal balance of Non-Conforming Qualified Timeshare Loans. The amendment also reduced the maximum permitted outstanding borrowings from $ 50.0 million to $ 40.0 million, subject to the terms of the facility and c ommencing on July 1, 2020 decreased the interest rate to the Wall Street Journal (“WSJ”) Prime Rate minus 0.10 % with a floor of 3.40 % from the Prime Rate with a floor of 4.00 %. In addition, recourse to Bluegreen under the restructured facility was reduced to $ 10 million, with certain exceptions set forth in the facility. Subject to the terms of the facility, principal and interest due under the Liberty Bank Facility are paid as cash is collected on the pledged receivables, with the remaining balance being due at maturity. Quorum Purchase Facility. Bluegreen/Big Cedar Vacations has a VOI notes receivable purchase facility (the “Quorum Purchase Facility”) with Quorum Federal Credit Union (“Quorum”), pursuant to which Quorum has agreed to purchase eligible VOI notes receivable in an amount of up to an aggregate $ 50.0 million purchase price, subject to certain conditions precedent and other terms of the facility. On March 17, 2020, the Quorum Purchase Facility was amended to extend the advance period to December 2020 from June 2020. The interest rate on each advance is set at the time of funding based on rates mutually agreed upon by all parties. The maturity of the Quorum Purchase Facility is December 2032. The Quorum Purchase Facility provides for an 85 % advance rate on eligible receivables sold under the facility, however Quorum can modify this advance rate on future purchases subject to the terms and conditions of the Quorum Purchase Facility. 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, 2020. See Note 10 to our Consolidated Financial Statements included in our 2019 Annual Report on Form 10-K for additional information regarding the receivable-backed notes payable facilities. Junior Subordinated Debentures Financial data relating to our junior subordinated debentures was as follows (dollars in thousands): Trust Carrying Value as of June 30, 2020 (1) Initial Equity In Trust (2) Issue Date Interest Rate Interest Rate at June 30, 2020 Maturity Date Carrying Value as of December 31, 2019 (1) BST I $ 15,146 $ 355 3/15/2005 3-month LIBOR + 4.90 % 6.27 % 3/30/2035 $ 15,059 BST II 16,957 401 5/4/2005 3-month LIBOR + 4.85 % 5.61 % 7/30/2035 16,862 BST III 6,860 164 5/10/2005 3-month LIBOR + 4.85 % 5.61 % 7/30/2035 6,823 BST IV 10,097 237 4/24/2006 3-month LIBOR + 4.85 % 6.22 % 6/30/2036 10,040 BST V 10,097 237 7/21/2006 3-month LIBOR + 4.85 % 6.22 % 9/30/2036 10,040 BST VI 13,337 311 2/26/2007 3-month LIBOR + 4.80 % 5.56 % 4/30/2037 13,257 $ 72,494 $ 1,705 $ 72,081 (1) Outstanding balance is reduced by purchase accounting adjustments totaling $ 38.3 million and $ 38.7 million as of June 30, 2020 and December 31, 2019, respectively. (2) Initial Equity in Trust is recorded as part of other assets in the unaudited Consolidated Balance Sheets. As of June 30, 2020, we were in compliance with all financial debt covenants under our debt instruments. As of June 30, 2020, we had availability of approximately $ 158.5 million under our receivable-backed purchase and credit facilities, and corporate credit line, subject to eligible collateral and the terms of the facilities, as applicable.

Fair Value Of Financial Instrum

Fair Value Of Financial Instruments	6 Months Ended
	Jun. 30, 2020
Fair Value Of Financial Instruments [Abstract]
Fair Value of Financial Instruments	8. Fair Value of Financial Instruments ASC 820 Fair Value Measurements and Disclosures (Topic 820) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The inputs used to measure fair value are classified into the following hierarchy: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities Level 2: Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability Level 3: Unobservable inputs for the asset or liability The carrying amounts of financial instruments included in the consolidated financial statements and their estimated fair values are as follows (in thousands): As of June 30, 2020 As of December 31, 2019 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Cash and cash equivalents $ 209,427 $ 209,427 $ 190,009 $ 190,009 Restricted cash 24,829 24,829 49,637 49,637 Notes receivable, net 404,232 520,331 448,568 587,000 Lines-of-credit, notes payable, and receivable- backed notes payable 581,713 569,600 568,975 589,300 Junior subordinated debentures 72,494 58,500 72,081 98,500 Cash and cash equivalents. The amounts reported in the unaudited consolidated balance sheets for cash and cash equivalents approximate fair value. Restricted cash. The amounts reported in the unaudited consolidated balance sheets for restricted cash approximate fair value. Notes receivable, net. The fair value of our 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. Lines-of-credit, notes payable, and receivable-backed notes payable. The amounts reported in the unaudited consolidated balance sheets for our lines of credit, notes payable, and receivable-backed notes payable approximate fair value for indebtedness that provides for variable interest rates. The fair value of our fixed-rate, receivable-backed notes payable was determined using Level 3 inputs by discounting the net cash outflows estimated to be used to repay the debt. These obligations are to be satisfied using the proceeds from the consumer loans that secure the obligations. Junior subordinated debentures. The fair value of our 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, 2020
Commitments And Contingencies [Abstract]
Commitments And Contingencies	9. Commitments and Contingencies Bluegreen Vacations Unlimited (“BVU”), our wholly owned subsidiary, has an exclusive marketing agreement with Bass Pro, a nationally-recognized retailer of fishing, marine, hunting, camping and sports gear, that provides us with the right to market and sell vacation packages at kiosks in each of certain Bass Pro and Cabela’s retail locations and through other means. Pursuant to a settlement agreement we entered into with Bass Pro and its affiliates during June 2019, we paid Bass Pro $ 20.0 million during June 2019 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. In June 2019, we accrued for the net present value of the settlement, plus attorney’s fees and costs, totaling approximately $ 39.1 million. The first $ 4.0 million annual payment was made during January 2020. As of June 30, 2020, $ 14.3 million was accrued for the remaining payments required by the settlement agreement, which are included in accrued liabilities and other in the consolidated balance sheet as of June 30, 2020. During both of the six months ended June 30, 2020 and 2019, VOI sales to prospects and leads generated by the agreement with Bass Pro accounted for approximately 10 % of our VOI sales volume. In March 2020 as a result of the COVID-19 pandemic, we temporarily closed our retail marketing operations at Bass Pro Shops and Cabela’s stores. Beginning in mid-May 2020 we resumed our retail marketing operations at certain Bass Pro Shops and Cabela’s stores. By June 30, 2020, marketing operations at 49 Bass Pro Shops and 15 Cabela’s stores (out of the 89 total Bass Pro and Cabela’s stores that were open in March 2020) had reopened. In December 2019, our then-serving President and Chief Executive Officer resigned. In connection with his resignation, we agreed to make payments to him or on his behalf totaling $ 3.5 million over a period of 18 months, $ 2.4 million of which remained payable as of June 30, 2020. Additionally, during 2019, we entered into certain agreements with other executives related to their separation from Bluegreen or change in position. Pursuant to the terms of these agreements, we agreed to make payments totaling $ 2.5 million through November 2020. As of June 30, 2020, $ 0.4 million remained payable under these agreements. In lieu of paying maintenance fees for unsold VOI inventory, we may enter into subsidy agreements with certain HOAs. During the six months ended June 30, 2020 and 2019, we paid $ 4.6 million and $ 4.8 million in subsidy payments in connection with these arrangements. As of June 30, 2020, we had $ 7.0 million accrued for such subsidies, which is included in accrued liabilities and other in the unaudited Consolidated Balance Sheet as of such date. As of December 31, 2019, we had no accrued liabilities for such subsidies. In the ordinary course of business, we become subject to claims or proceedings from time to time relating to the purchase, sale, marketing, or financing of VOIs or our other business activities. We are also subject to certain matters relating to the Bluegreen Communities’ business, substantially all of the assets of which were sold by us on May 4, 2012. Additionally, from time to time in the ordinary course of business, we become involved in disputes with existing and former employees, vendors, taxing jurisdictions and various other parties, and we also receive individual consumer complaints, as well as complaints received through regulatory and consumer agencies, including Offices of State Attorneys General. We take these matters seriously and attempt to resolve any such issues as they arise. We may also become subject to litigation related to the COVID-19 pandemic, including with respect to any actions we take or may be required to take or may be required to take as a result thereof. Reserves are accrued for matters in which management believes it is probable that a loss will be incurred and the amount of such loss can be reasonably estimated. Management does not believe that the aggregate liability relating to known contingencies in excess of the aggregate amounts accrued will have a material impact on our 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 our 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. On September 22, 2017, Stephen Potje, Tamela Potje, Sharon Davis, Beafus Davis, Matthew Baldwin, Tammy Baldwin, Arnor Lee, Angela Lee, Gretchen Brown, Paul Brown, Jeremy Estrada, Emily Estrada, Michael Oliver, Carrie Oliver, Russell Walters, Elaine Walters, and Mike Ericson, individually and on behalf of all other similarly situated , filed a purported class action lawsuit against us which asserts claims for alleged violations of the Florida Deceptive and Unfair Trade Practices Act and the Florida False Advertising Law. In the complaint, the plaintiffs alleged the making of false representations in connection with our sales of VOIs. The purported class action lawsuit was dismissed without prejudice after mediation. However, on or about April 24, 2018, plaintiffs re-filed their individual claims in Palm Beach County Circuit Court. Subsequently, on October 15, 2019, the Court entered an order granting summary judgment in our favor and dismissed all claims. We have moved for reimbursement of our attorneys’ fees. Plaintiffs have appealed the summary judgment order. On February 28, 2018, Oscar Hernandez and Estella Michael filed purported class action litigation in San Bernardino Superior Court against BVU. The central claims in the complaint, as amended during June 2018, include alleged failures to pay overtime and wages at termination and to provide meal and rest periods, as well as claims relating to non-compliant wage statements and unreimbursed business expenses; and a claim under the Private Attorney’s General Act. Plaintiffs seek to represent a class of approximately 660 hourly, non-exempt employees who worked in the state of California since March 1, 2014. In April 2019, the parties mediated and agreed to settle the matter for an immaterial amount. The parties have executed the settlement documents. It is expected that the court will approve the settlement and the dismissal of the lawsuit. On June 28, 2018, Melissa S. Landon, Edward P. Landon, Shane Auxier and Mu Hpare, individually and on behalf of all others similarly situated, filed a purported class action lawsuit against the Company and BVU asserting claims for alleged violations of the Wisconsin Timeshare Act, Wisconsin law prohibiting illegal referral selling, and Wisconsin law prohibiting illegal attorney’s fee provisions. Plaintiffs allegations include that we failed to disclose the identity of the seller of real property at the beginning of our initial contact with the purchaser; that we misrepresented who the seller of the real property was; that we misrepresented the buyer’s right to cancel; that we included an illegal attorney’s fee provision in the sales document(s); that we offered an illegal “today only” incentive to purchase; and that we utilize an illegal referral selling program to induce the sale of VOIs. Plaintiffs seek certification of a class consisting of all persons who, in Wisconsin, purchased from us one or more VOIs within six years prior to the filing of this lawsuit. Plaintiffs seek statutory damages, attorneys’ fees and injunctive relief. We moved to dismiss the case, and on November 27, 2019, the Court issued a ruling granting the motion in part. We have answered the remaining claims. We believe the lawsuit is without merit and intend to vigorously defend the action. On January 7, 2019, Shehan Wijesinha filed a purported class action lawsuit alleging violations of the Telephone Consumer Protection Act (the “TCPA”). It is alleged that BVU called plaintiff’s cell phone for telemarketing purposes using an automated dialing system, and that plaintiff did not give BVU his express written consent to do so. Plaintiff seeks certification of a class comprised of other persons in the United States who received similar calls from or on behalf of BVU without the person’s consent. Plaintiff seeks monetary damages, attorneys’ fees and injunctive relief. We believe the lawsuit is without merit and intend 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 currently remains stayed. On January 7, 2019, Debbie Adair and thirty-four other timeshare purchasers filed a lawsuit against BVU and Bass Pro alleging violations of the Tennessee Consumer Protection Act, the Tennessee Time-share Act, the California Time-Share Act, fraudulent misrepresentation for failure to make certain required disclosures, fraudulent inducement for inducing purchasers to remain under contract past rescission, unauthorized practice of law, civil conspiracy, unjust enrichment, and breach of contract. We agreed to indemnify Bass Pro with respect to the claims brought against us in this proceeding. We filed a motion to dismiss. On April 6, 2020, the court granted our motion to dismiss, and on April 29, 2020, the court entered final judgment in our favor. On July 18, 2019, Eddie Boyd, et al. filed an action alleging that BVU and co-defendants violated the Missouri Merchandise Practices Act for allegedly making false statements and misrepresentations with respect to the sale of VOIs. Plaintiffs further have filed a purported class action allegation that BVU’s charging of an administrative processing fee constitutes the unauthorized practice of law, and have also asserted that we and our 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. We have moved to dismiss the action. We believe the lawsuit is without merit and intend to vigorously defend the action. On July 7, 2020, Robert Barban and approximately 172 other plaintiffs filed an action against Bluegreen Resorts Management, Inc. (“BRM”) and Vacation Trust, Inc. (“VTI”) seeking an accounting, specifically: (i) a copy of the independent accounting firm’s report regarding a variety of VTI matters; and (ii) a copy of the management agreement between VTI and BRM. Plaintiffs further allege that the allocation system does not allow them to freely and easily use, occupy, and enjoy the accommodations and facilities. Finally, they allege that BRM has unreasonably escalated operating costs and that VTI failed to protect the plaintiffs from these costs. We intend to vigorously defend the action. On July 14, 2020, Kenneth Johansen, individually and on behalf of all others similarly situated, filed a purported class action against BVU for alleged violations of the Telephone Consumer Protection Act (“TCPA”). Specifically, the named plaintiff alleges that he received at least nine ( 9 ) telemarketing calls from BVU while he was on the National Do Not Call Registry. He seeks to certify a class of similarly situated plaintiffs. We intend to vigorously defend the action. Commencing in 2015, it came to our attention that our collection efforts with respect to our VOI notes receivable were being impacted by a then emerging, industry-wide trend involving the receipt of  “cease and desist” letters from exit firms and attorneys purporting to represent certain VOI owners. Following receipt of these letters, we are unable to contact the owners unless allowed by law. We believe these exit firms have encouraged such owners to become delinquent and ultimately default on their obligations and that such actions and our inability to contact the owners are a primary contributor to the increase in our annual default rates. Our average annual default rates have increased from 6.9 % in 2015 to 9.5 % in 2020. We also estimate that approximately 10.1 % of the total delinquencies on our VOI notes receivable as of June 30, 2020 related to VOI notes receivable subject to this issue. We have in a number of cases pursued, and we may in the future pursue, legal action against the VOI owners, and as described below, against the exit firms. On December 21, 2018, we filed a lawsuit against timeshare exit firm Totten Franqui and certain of its affiliates (“TPEs”). In the complaint, we alleged that the TPEs, through various forms of deceptive advertising, as well as inappropriate direct contact with VOI owners, made false statements about us and provided misleading information to the VOI owners. The TPEs have encouraged nonpayment by consumers and exacted fees for doing so. We believe the consumers are paying fees to the TPEs in exchange for illusory services. We have asserted claims against the TPEs under the Lanham Act, as well as tortious interference with contractual relations, civil conspiracy to commit tortious interference and other claims. During the course of the litigation, the TPEs and Totten Franqui filed for bankruptcy, which resulted in the litigation being stayed. We have reached favorable settlements with the TPE principals and are negotiating a potential settlement with the bankruptcy trustee. The settlement includes findings of fact against the defendants regarding their business practices and a permanent injunction prohibiting the principals of the TPE from working again in the timeshare exit space. On November 13, 2019, we filed a lawsuit against timeshare exit firm The Montgomery Law Firm and certain of its affiliates (also included in “TPEs”). In the complaint, we alleged as discussed above, that the TPEs, through various forms of deceptive advertising, as well as inappropriate direct contact with VOI owners, made false statements about us, provided misleading information to the VOI owners and encouraged nonpayment by consumers. We believe the consumers are paying fees to the TPEs in exchange for illusory services. We have asserted claims against the TPEs under the Lanham Act, as well as tortious interference with contractual relations, civil conspiracy to commit tortious interference and other claims.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Taxes [Abstract]
Income Taxes	10. Income Taxes We file income tax returns in the U.S. federal jurisdiction and various states and foreign jurisdictions. With certain exceptions, we are no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2016 for federal returns and 2015 for state returns. Our effective income tax rate was approximately 30 % and 25 % during the six months ended June 30, 2020 and 2019, respectively. Effective income tax rates for interim periods are based upon our current estimated annual rate. Our 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 we operate. As such, our effective income tax rate for the six months ended June 30, 2020 reflects our current estimate of the COVID-19 pandemic on our 2020 annual taxable earnings, state taxes, non-deductible items and changes in valuation allowances on deferred tax assets. The Coronavirus Aid, Relief, and Economic Securities Act (“CARES Act”) was signed into law on March 27, 2020 in response to the COVID-19 pandemic. As of June 30, 2020, we evaluated the income tax provisions of the CARES Act and determined that they have no significant effect on either the June 30, 2020 tax rate or the computation of effective tax rate for the year ended December 31, 2020. However, we have taken advantage of the deferral of the employee portion of the tax withholding amounts and the employee retention tax credits provided for in the CARES Act. As of June 30, 2020, we recorded a tax withholding deferral of $ 2.0 million and employee retention tax credits of $ 6.9 million, which is included in selling, general and administrative expenses in our unaudited consolidated statements of operations for the three and six months ended June 30, 2020. Certain of our state filings are under routine examination. While there is no assurance as to the results of these audits, we do not currently anticipate any material adjustments in connection with these examinations. We are party to an Agreement to Allocate Consolidated Income Tax Liability and Benefits with BBX Capital Corporation (“BBX Capital”), which owns approximately 93 % of our outstanding common stock, and its other subsidiaries pursuant to which, among other customary terms and conditions, the parties agreed to file consolidated federal tax returns. Under the agreement, the parties calculate their respective income tax liabilities and attributes as if each of them was a separate filer. If any tax attributes are used by another party to the agreement to offset its tax liability, the party providing the benefit will receive an amount for the tax benefits realized. Pursuant to this agreement, we paid BBX Capital or its affiliated entities $ 10.7 million and $ 13.0 million during the three and six months ended June 30, 2019, respectively. We did no t make or receive any payments under the agreement during the three or six months ended June 30, 2020. As of June 30, 2020, we did no t have any significant amounts accrued for interest and penalties or recorded for uncertain tax positions.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	11. Related Party Transactions BBX Capital may be deemed to be controlled by Alan B. Levan, Chairman and Chief Executive Officer of BBX Capital, and John E. Abdo, Vice Chairman of BBX Capital. Together, Messrs. Levan and Abdo may be deemed to beneficially own shares of BBX Capital’s Class A Common Stock and Class B Common Stock representing approximately 78 % of BBX Capital’s total voting power. Mr. Levan was appointed our President and Chief Executive Officer effective January 1, 2020. During 2019, we accrued $ 2.0 million of compensation for Mr. Levan for the performance of certain services for us in a non-executive capacity, all of which was paid during March 2020. In addition, Raymond S. Lopez serves as our Chief Financial Officer and Chief Operating Officer and as BBX Capital’s Chief Financial Officer. Mr. Levan and Mr. Lopez receive compensation from us and BBX Capital for their respective services to us and to BBX Capital. In April 2015, pursuant to a Loan Agreement and Promissory Note, our wholly owned subsidiary provided an $ 80.0 million loan to BBX Capital. Amounts outstanding bore interest at a rate of 6 % per annum until March 2020 when the loan was amended to reduce the interest rate to 4 % per annum effective April 2020. Payments of interest are required on a quarterly basis, with all outstanding amounts being due and payable on April 17, 2021. BBX Capital is permitted to prepay the loan in whole or in part at any time, and prepayments will be required, to the extent necessary, in order for us or our subsidiaries to remain in compliance with covenants under outstanding indebtedness. During the three months ended June 30, 2020 and 2019, we recognized $ 0.9 million and $ 1.2 million of interest income on the loan to BBX Capital, respectively. During the six months ended June 30, 2020 and 2019, we recognized $ 2.1 million and $ 2.4 million of interest income on the loan to BBX Capital, respectively. During July 2020, we declared a special cash dividend of $ 1.19 per share of our common stock, which is payable August 21, 2020 to shareholders of record as of the close of business on August 6, 2020. In connection with the declaration of the dividend we obtained an undertaking by BBX Capital that it will utilize the proceeds of this special cash dividend to repay the outstanding $ 80.0 million BBX Capital owes to Bluegreen. We paid or reimbursed BBX Capital or its affiliated entities $ 0.3 million and $ 0.6 million during the three and six months ended June 30, 2020, respectively, and $ 0.5 and $ 0.9 million during the three and six months ended June 30, 2019, respectively, for management advisory, risk management, administrative and other services. We had accrued $ 0.4 million and $ 0.2 million for the services described above as of June 30, 2020 and December 31, 2019, respectively. BBX Capital or its affiliates paid or reimbursed us $ 0.1 million during the six months ended June 30, 2020 and $ 0.1 million during the three and six months ended June 30, 2019 for certain shared services. We did no t receive any payments or reimbursements for shared services from BBX Capital or its affiliates during the three months ended June 30, 2020. As of both June 30, 2020 and December 31, 2019, $ 0.1 million was due to us from BBX Capital for these services. See also the description of the Agreement to Allocate Consolidated Income Tax Liability and Benefits under Note 10: Income Taxes above.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Reporting	12. Segment Reporting Operating segments are defined as components of an enterprise about which separate financial information is available that is regularly reviewed by the chief operating decision maker 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. We report our results of operations through two reportable segments: (i) Sales of VOIs and financing; and (ii) Resort operations and club management. Our Sales of VOIs and financing segment includes our marketing and sales activities related to the VOIs that we own, our VOIs we acquire under just-in-time and secondary market inventory arrangements, our sales of VOIs through fee-for-service arrangements with third-party developers, our consumer financing activities in connection with sales of VOIs that we own, and our title services operations through a wholly-owned subsidiary. Our Resort operations and club management segment includes our provision of management services activities for our Vacation Club and for a majority of the HOAs of the resorts within our Vacation Club. In connection with those services, we also provide club reservation services, services to owners and billing and collections services to our Vacation Club and certain HOAs. Additionally, we generate revenue within our resort operations and club management segment from our Traveler Plus program, food and beverage and other retail operations, our rental services activities, and management of construction activities for certain of our fee-based developer clients. The information provided for segment reporting is obtained from internal reports utilized by management. The presentation and allocation of results of operations may not reflect the actual economic costs of the segments as standalone businesses. Due to the nature of our 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 materially impacted. The table below sets forth our segment information for the three months ended June 30, 2020 (in thousands): Revenue: Sales of VOIs and financing Resort operations and club management Corporate and other Elimination Total Sales of VOIs $ 9,054 $ — $ — $ — $ 9,054 Fee-based sales commission revenue 1,135 — — — 1,135 Other fee-based services revenue 1,349 25,064 — — 26,413 Cost reimbursements — 11,850 — — 11,850 Mortgage servicing revenue 1,510 — — ( 1,510 ) — Interest income 19,061 — 1,047 — 20,108 Other income, net — — 273 — 273 Total revenue 32,109 36,914 1,320 ( 1,510 ) 68,833 Costs and expenses: Cost of VOIs sold 1,038 — — — 1,038 Net carrying cost of VOI inventory 10,913 — — ( 10,913 ) — Cost of other fee-based services 719 6,903 — 10,913 18,535 Cost reimbursements — 11,850 — — 11,850 Selling, general and administrative expenses 32,329 — 9,115 ( 564 ) 40,880 Mortgage servicing expense 946 — — ( 946 ) — Interest expense 4,171 — 4,369 — 8,540 Total costs and expenses 50,116 18,753 13,484 ( 1,510 ) 80,843 (Loss) Income before non-controlling interest and (benefit) provision for income taxes $ ( 18,007 ) $ 18,161 $ ( 12,164 ) $ — $ ( 12,010 ) Add: Depreciation and amortization 1,483 190 Add: Severance 1,206 99 Segment Adjusted EBITDA (1) $ ( 15,318 ) $ 18,450 (1) See Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA, including how we define Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income. The table below sets forth our segment information for the three months ended June 30, 2019 (in thousands): Revenue: Sales of VOIs and financing Resort operations and club management Corporate and other Elimination Total Sales of VOIs $ 68,302 $ — $ — $ — $ 68,302 Fee-based sales commission revenue 55,343 — — — 55,343 Other fee-based services revenue 3,040 27,663 — — 30,703 Cost reimbursements — 14,007 — — 14,007 Mortgage servicing revenue 1,544 — — ( 1,544 ) — Interest income 19,925 — 1,950 — 21,875 Other income, net — — 1,993 — 1,993 Total revenue 148,154 41,670 3,943 ( 1,544 ) 192,223 Costs and expenses: Cost of VOIs sold 10,572 — — — 10,572 Net carrying cost of VOI inventory 5,288 — — ( 5,288 ) — Cost of other fee-based services 1,099 12,662 — 5,288 19,049 Cost reimbursements — 14,007 — — 14,007 Selling, general and administrative expenses 130,284 — 18,629 ( 370 ) 148,543 Mortgage servicing expense 1,174 — — ( 1,174 ) — Interest expense 5,070 — 4,991 — 10,061 Total costs and expenses 153,487 26,669 23,620 ( 1,544 ) 202,232 (Loss) Income before non-controlling interest and (benefit) provision for income taxes $ ( 5,333 ) $ 15,001 $ ( 19,677 ) $ — $ ( 10,009 ) Add: Depreciation and amortization 1,534 364 Add: Bass Pro Settlement 39,121 — Segment Adjusted EBITDA (1) $ 35,322 $ 15,365 (1) See Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA, including how we define Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income. The table below sets forth our segment information for the six months ended June 30, 2020 (in thousands): Revenue: Sales of VOIs and financing Resort operations and club management Corporate and other Elimination Total Sales of VOIs $ 54,182 $ — $ — $ — $ 54,182 Fee-based sales commission revenue 42,500 — — — 42,500 Other fee-based services revenue 4,072 51,655 — — 55,727 Cost reimbursements — 30,970 — — 30,970 Mortgage servicing revenue 3,105 — — ( 3,105 ) — Interest income 39,209 — 2,765 — 41,974 Other income, net — — 406 — 406 Total revenue 143,068 82,625 3,171 ( 3,105 ) 225,759 Costs and expenses: Cost of VOIs sold 5,137 — — — 5,137 Net carrying cost of VOI inventory 18,827 — — ( 18,827 ) — Cost of other fee-based services 2,189 19,230 — 18,827 40,246 Cost reimbursements — 30,970 — — 30,970 Selling, general and administrative expenses 115,467 — 28,349 ( 739 ) 143,077 Mortgage servicing expense 2,366 — — ( 2,366 ) — Interest expense 8,835 — 8,523 — 17,358 Total costs and expenses 152,821 50,200 36,872 ( 3,105 ) 236,788 (Loss) Income before non-controlling interest and (benefit) provision for income taxes $ ( 9,753 ) $ 32,425 $ ( 33,701 ) $ — $ ( 11,029 ) Add: Depreciation and amortization 3,042 380 Add: Severance 3,769 1,233 Segment Adjusted EBITDA (1) $ ( 2,942 ) $ 34,038 (1) See Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA, including how we define Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income. The table below sets forth our segment information for the six months ended June 30, 2019 (in thousands): Revenue: Sales of VOIs and financing Resort operations and club management Corporate and other Elimination Total Sales of VOIs $ 120,033 $ — $ — $ — $ 120,033 Fee-based sales commission revenue 100,555 — — — 100,555 Other fee-based services revenue 5,768 54,503 — — 60,271 Cost reimbursements — 31,051 — — 31,051 Mortgage servicing revenue 3,034 — — ( 3,034 ) — Interest income 39,942 — 3,941 — 43,883 Other income, net — — 2,082 — 2,082 Total revenue 269,332 85,554 6,023 ( 3,034 ) 357,875 Costs and expenses: Cost of VOIs sold 14,420 — — — 14,420 Net carrying cost of VOI inventory 12,976 — — ( 12,976 ) — Cost of other fee-based services 2,309 25,757 — 12,976 41,042 Cost reimbursements — 31,051 — — 31,051 Selling, general and administrative expenses 203,355 — 36,757 ( 480 ) 239,632 Mortgage servicing expense 2,554 — — ( 2,554 ) — Interest expense 10,332 — 9,235 — 19,567 Total costs and expenses 245,946 56,808 45,992 ( 3,034 ) 345,712 Income (loss) before non-controlling interest and provision (benefit) for income taxes $ 23,386 $ 28,746 $ ( 39,969 ) $ — $ 12,163 Add: Depreciation and amortization 3,070 730 Add: Bass Pro Settlement 39,121 — Segment Adjusted EBITDA (1) $ 65,577 $ 29,476 (1) See Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA, including how we define Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	13. Subsequent Events During July 2020, we declared a special cash dividend of $ 1.19 per share of our common stock, which is payable August 21, 2020 to shareholders of record as of the close of business on August 6, 2020. In connection with the declaration of the dividend we obtained an undertaking by BBX Capital that it will utilize the proceeds of this special cash dividend to repay the outstanding $ 80.0 million BBX Capital owes to Bluegreen.

Organization And Basis Of Fin_2

Organization And Basis Of Financial Statement Presentation (Policy)	6 Months Ended
	Jun. 30, 2020
Organization And Basis Of Financial Statement Presentation [Abstract]
Basis Of Presentation	Bluegreen Vacations Corporation is referred to in this report together with its consolidated subsidiaries as “Bluegreen Vacations”, “Bluegreen”, “the Company”, “we”, “us” and “our”. Bluegreen 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.
Our Business	Our Business We are a leading vacation ownership company that markets and sells vacation ownership interests (“VOIs”) and manages resorts in popular leisure and urban destinations. Our resort network includes 45 Club Resorts (resorts in which owners in the Bluegreen Vacation Club (“Vacation Club”) have the right to use most of the units in connection with their VOI ownership) and 23 Club Associate Resorts (resorts in which owners in our Vacation Club have the right to use a limited number of units in connection with their VOI ownership). Our Club Resorts and Club Associate Resorts are primarily located in high-volume, “drive-to” vacation locations, including Orlando, Las Vegas, Myrtle Beach, Charleston and New Orleans, among others. Through our points-based system, the approximately 219,000 owners in our Vacation Club have the flexibility to stay at units available at any of our resorts and have access to almost 11,400 other hotels and resorts through partnerships and exchange networks. The resorts in which we market, sell or manage VOIs were either developed or acquired by us, or were developed and are owned by third parties. We earn fees for providing sales and marketing services to third party developers. We also earn fees for providing management services to the Vacation Club and homeowners’ associations (“HOAs”), mortgage servicing, VOI title services, reservation services, and construction design and development services. In addition, we provide financing to qualified VOI purchasers, which has historically generated significant interest income. While we currently intend to increase our focus on sales of developed VOIs, we derive a significant portion of our revenue from our capital-light business model, which utilizes our expertise and infrastructure to generate both VOI sales and recurring revenue from third parties without the significant capital investment generally associated with the development and acquisition of resorts. Our capital-light business activities include sales of VOIs owned by third-party developers pursuant to which we are paid a commission (“fee-based sales”) and sales of VOIs that we purchase under just-in-time (“JIT”) arrangements with third-party developers or from secondary market sources. In addition, as described above, we provide other fee-based services, including resort management, mortgage servicing, title services and construction management, and generate income through financing provided to qualified VOI purchasers in connection with VOI sales. All of our operations and activities have been materially adversely impacted by the COVID-19 pandemic as discussed further herein.
Impact Of COVID-19 Pandemic	Impact of the COVID-9 Pandemic The COVID-19 pandemic has caused and continues to cause, an unprecedented disruption in the U.S. economy and the travel, hospitality and vacation ownership industries due to, among other things, resort closures, travel restrictions and restrictions on business operations including government guidance with respect to travel, public accommodations, social gatherings and related matters. The disruptions arising from the pandemic had a significant adverse impact on our financial condition and operations during the three and six months ended June 30, 2020. The duration and severity of the pandemic and related disruptions, as well as the adverse impact on the economic and market conditions, are uncertain; however, given the nature of these circumstances, the adverse impact of the pandemic on our consolidated results of operations, cash flows and financial condition in 2020 has been, and is expected to continue to be, material. Furthermore, the duration and the severity of the effects of the pandemic are uncertain and we cannot predict if or when our industry will return to pre-pandemic levels. On March 23, 2020 we temporarily closed all of our VOI sales centers; our retail marketing operations at Bass Pro Shops and Cabela’s stores and outlet malls; and our Choice Hotels call transfer program. In connection with these actions we canceled existing owner reservations through May 15, 2020 and new prospect guest tours through June 30, 2020. Further, some of our Club and Club Associate Resorts were closed in accordance with government mandates and advisories. Beginning mid-May 2020, we started the process of recommencing our sales and marketing operations and our closed resorts began to welcome guests as government mandates were lifted. By June 30, 2020, 64 Bass Pro Shops and Cabela’s stores (out of the 89 that were open in March 2020) were open, we reactivated our Choice Hotels call transfer program, virtually all of our resorts were open, and 21 of our 26 VOI sales centers were open for sales to existing owners and one sale center was selling to new prospects. As of July 31, 2020, 23 VOI sales centers were open for sales to existing owners, 17 of which were open for sales to new prospects. System-wide sales of VOIs were $ 30.9 million in July 2020. In addition, as of July 31, 2020, we were marketing vacation packages at 85 Bass Pro and Cabela’s stores. However, increased COVID-19 cases in certain markets in July resulted in increases in cancelations of marketing guest stays (and consequently, new owner prospects) and it is impossible to predict whether this trend will continue or worsen or the extent of the adverse impact this may have on Bluegreen. As a result of the effect of the pandemic, we implemented several cost mitigating activities beginning in March 2020, including reductions in workforce of over 1,600 positions and the placement of another approximate 3,200 of our associates on temporary furlough or reduced work hours. As of June 30, 2020, approximately 2,300 associates had returned to work on a full-time basis. In July 2020, approximately 600 additional associates returned to work on a full-time basis for a total of approximately 4,250 full-time associates as of July 31, 2020 compared to approximately 6,050 full-time associates as of July 31, 2019. However, as a result of the slowdown discussed above or otherwise, additional employees may be terminated or furloughed in the future. As a result of the effect of the COVID-19 pandemic, during the three and six months ended June 30, 2020, we incurred $ 2.2 million and $ 6.7 million in severance, respectively, and $ 10.7 million and $ 11.6 million, respectively, of payroll and payroll benefit expense relating to employees on temporary furlough or reduced work hours. These payments and expenses are included in selling, general and administrative expenses in our unaudited consolidated statement of operations for the three and six months ended June 30, 2020. Also, in March 2020 we drew down $ 60 million under our lines-of-credit and pledged or sold receivables under our various receivable backed facilities to increase our cash position. In June 2020, we repaid $ 40 million under our syndicated line-of-credit and amended the agreements to modify the definition of certain customary covenants. We also suspended our regular quarterly cash dividends on our common stock. As of June 30, 2020, our unrestricted cash balance was $ 209.4 million.
Principles Of Consolidation And Basis Of Presentation	Principles of Consolidation and Basis of Presentation Our unaudited consolidated financial statements include the accounts of all of our wholly-owned subsidiaries, entities in which we hold a controlling financial interest, including Bluegreen/Big Cedar Vacations, LLC (a joint venture in which we are deemed to hold a controlling financial interest based on our 51 % equity interest, our active role as the day-to-day manager of its activities, and our majority voting control of its management committee, (“Bluegreen/Big Cedar Vacations”), and variable interest entities (sometimes referred to herein as “VIEs”) of which we are the primary beneficiary, as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Consolidation (Topic 810). We do not consolidate the statutory business trusts formed by us to issue trust preferred securities as these entities represent VIEs in which we are not the primary beneficiary. The statutory business trusts are accounted for under the equity method of accounting. All significant intercompany balances and transactions have been eliminated in consolidation.
Use Of Estimates	Use of Estimates Our financial statements are prepared in conformity with GAAP, which requires us 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 our financial statements. Although our current estimates contemplate current and expected future conditions, as applicable, it is reasonably possible that actual conditions could differ from our expectations, which could materially affect our results of operations and financial position. In particular, a number of estimates have been and will continue to be affected by the ongoing COVID-19 pandemic. The severity, magnitude and duration, as well as the economic consequences of the COVID-19 pandemic, are uncertain, rapidly changing and difficult to predict. As a result, our accounting estimates and assumptions may change over time in response to the impact of COVID-19. Such changes could result in, among other adjustments, future impairments of intangibles and long-lived assets, incremental credit losses on VOI notes receivable, a decrease in the carrying amount of our tax assets, or an increase in other obligations as of the time of a relevant measurement event.
Reclassification Of Prior Period Presentation	Reclassification of Prior Period Presentation Certain prior period balances were reclassified to conform to current period presentation. The reclassification had no impact on our statements of operations and comprehensive income or statements of cash flows.

Revenue From Contracts With C_2

Revenue From Contracts With Customers (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contracts with Customers [Abstract]
Revenue Disaggregation	For the Three Months Ended For the Six Months Ended June 30, June 30, 2020 2019 2020 2019 Sales of VOIs (1) $ 9,054 $ 68,302 $ 54,182 $ 120,033 Fee-based sales commission revenue (1) 1,135 55,343 42,500 100,555 Resort and club management revenue (2) 24,224 25,603 49,253 51,039 Cost reimbursements (2) 11,850 14,007 30,970 31,051 Title fees and other (1) 1,349 3,040 4,072 5,768 Other revenue (2) 840 2,060 2,402 3,464 Revenue from customers 48,452 168,355 183,379 311,910 Interest income (3) 20,108 21,875 41,974 43,883 Other income, net 273 1,993 406 2,082 Total revenue $ 68,833 $ 192,223 $ 225,759 $ 357,875 (1) Included in our Sales of VOIs and financing segment described in Note 12. (2) Included in our Resort operations and club management segment described in Note 12. (3) Interest income of $ 19.1 million and $ 19.9 million for three months ended June 30, 2020 and 2019, respectively, and $ 39.2 million and $ 39.9 million for the six months ended June 30, 2020 and 2019, respectively, is included in our Sales of VOIs and financing segment described in Note 12.

Notes Receivable (Tables)

Notes Receivable (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Receivable [Abstract]
Information Relating To Bluegreen's Notes Receivable	As of June 30, December 31, 2020 2019 Notes receivable secured by VOIs: VOI notes receivable - non-securitized $ 167,638 $ 203,872 VOI notes receivable - securitized 384,223 385,326 Gross VOI notes receivable 551,861 589,198 Allowance for loan losses - non-securitized ( 51,764 ) ( 47,894 ) Allowance for loan losses - securitized ( 95,865 ) ( 92,736 ) Allowance for loan losses ( 147,629 ) ( 140,630 ) VOI notes receivable, net $ 404,232 $ 448,568 Allowance as a % of VOI notes receivable 27 % 24 %
Activity In The Allowance For Loan Losses	For the Six Months Ended June 30, 2020 2019 Balance, beginning of period $ 140,630 $ 134,133 Provision for loan losses 32,199 23,072 Less: Write-offs of uncollectible receivables ( 25,200 ) ( 23,719 ) Balance, end of period $ 147,629 $ 133,486
Financing Receivable Credit Quality Indicators And Past Due By Year Of Origination	Year of Origination 2020 2019 2018 2017 2016 2015 and Prior Total 701+ $ 29,419 $ 99,830 $ 66,310 $ 43,027 $ 32,118 $ 42,784 $ 313,488 601-700 13,504 50,438 39,403 28,705 26,256 41,312 199,618 <601 (1) 1,266 5,061 3,473 2,358 2,692 4,836 19,686 Other (2) — 1,728 4,045 3,866 3,156 6,274 19,069 Total by FICO score $ 44,189 $ 157,057 $ 113,231 $ 77,956 $ 64,222 $ 95,206 $ 551,861 Defaults $ 35 $ 5,602 7,198 $ 4,990 $ 3,941 $ 3,434 $ 25,200 Allowance for loan loss $ 11,137 $ 45,863 $ 31,939 $ 19,924 $ 18,662 $ 20,104 $ 147,629 Delinquency status: Current $ 43,501 $ 151,466 $ 106,788 $ 72,848 $ 60,126 $ 87,203 $ 521,932 31-60 days 311 1,430 1,117 894 652 723 5,127 61-90 days 197 1,437 1,213 775 683 826 5,131 Over 91 days (2) 180 2,724 4,113 3,439 2,761 6,454 19,671 Total $ 44,189 $ 157,057 $ 113,231 $ 77,956 $ 64,222 $ 95,206 $ 551,861 (1) Includes VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers). (2) Includes $ 12.1 million related to VOI notes receivable that, as of June 30, 2020, had defaulted, but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of our receivable-backed notes payable transactions. These VOI notes receivable have been reflected in the allowance for loan losses.
Percentage Of Gross Notes Receivable Outstanding By FICO Score At Origination	As of June 30, December 31, 2020 2019 FICO Score 701+ 59 % 59 % 601-700 37 37 <601 (1) 4 4 Total 100 % 100 % (1) Includes VOI notes receivable attributable to borrowers without a FICO score (who are primarily foreign borrowers).
Delinquency Status Of VOI Notes Receivable	As of June 30, December 31, 2020 2019 Current $ 521,932 $ 557,849 31-60 days 5,127 6,794 61-90 days 5,131 5,288 Over 91 days (1) 19,671 19,267 Total $ 551,861 $ 589,198 (1) Includes $ 12.1 million and $ 10.6 million of VOI notes receivable as of June 30, 2020 and December 31, 2019, respectively, related to VOI notes receivable that as of such date, had defaulted, but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of our receivable-backed notes payable transactions. These VOI notes receivable have been reflected in the allowance for loan losses.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2020
Variable Interest Entities [Abstract]
Information Related To The Assets And Liabilities Of The VIEs	As of June 30, December 31, 2020 2019 Restricted cash $ 16,372 $ 22,534 Securitized notes receivable, net 288,358 292,590 Receivable backed notes payable - non-recourse 325,206 334,246

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory [Abstract]
Summary Of Inventory	As of June 30, December 31, 2020 2019 Completed VOI units $ 274,622 $ 269,847 Construction-in-progress — 3,946 Real estate held for future development 75,648 73,144 Total $ 350,270 $ 346,937

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt [Abstract]
Lines-Of-Credit And Notes Payable	As of June 30, 2020 December 31, 2019 Balance Interest Rate Carrying Amount of Pledged Assets Balance Interest Rate Carrying Amount of Pledged Assets NBA Éilan Loan 16,996 4.75 % 28,649 18,820 4.95 % 31,259 Fifth Third Syndicated LOC 70,000 2.49 % 86,753 30,000 3.85 % 49,062 Fifth Third Syndicated Term 96,250 3.71 % 119,285 98,750 3.71 % 161,497 Unamortized debt issuance costs ( 1,338 ) — — ( 1,410 ) — — Total $ 181,908 $ 234,687 $ 146,160 $ 241,818
Receivable-Backed Notes Payable	As of June 30, 2020 December 31, 2019 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) $ 21,663 4.00 % $ 26,630 $ 25,860 4.75 % $ 31,681 NBA Receivables Facility 26,484 3.50 % 32,870 32,405 4.55 % 39,787 Pacific Western Facility (1) 26,452 3.06 % 32,747 30,304 4.68 % 37,809 Total 74,599 92,247 88,569 109,277 Receivable-backed notes payable - non-recourse: KeyBank/DZ Purchase Facility $ 65,159 2.50 % $ 81,522 $ 31,708 3.99 % $ 39,448 Quorum Purchase Facility 36,759 4.75 - 5.50 % 42,836 44,525 4.75 - 5.50 % 49,981 2012 Term Securitization 6,093 2.94 % 7,167 8,638 2.94 % 9,878 2013 Term Securitization 14,811 3.20 % 16,581 18,219 3.20 % 19,995 2015 Term Securitization 26,426 3.02 % 28,707 31,188 3.02 % 33,765 2016 Term Securitization 40,897 3.35 % 46,375 48,529 3.35 % 54,067 2017 Term Securitization 57,641 3.12 % 66,280 65,333 3.12 % 74,219 2018 Term Securitization 81,858 4.02 % 94,755 91,231 4.02 % 103,974 Unamortized debt issuance costs ( 4,438 ) --- — ( 5,125 ) --- — Total 325,206 384,223 334,246 385,327 Total receivable-backed debt $ 399,805 $ 476,470 $ 422,815 $ 494,604
Junior Subordinated Debentures Outstanding	Financial data relating to our junior subordinated debentures was as follows (dollars in thousands): Trust Carrying Value as of June 30, 2020 (1) Initial Equity In Trust (2) Issue Date Interest Rate Interest Rate at June 30, 2020 Maturity Date Carrying Value as of December 31, 2019 (1) BST I $ 15,146 $ 355 3/15/2005 3-month LIBOR + 4.90 % 6.27 % 3/30/2035 $ 15,059 BST II 16,957 401 5/4/2005 3-month LIBOR + 4.85 % 5.61 % 7/30/2035 16,862 BST III 6,860 164 5/10/2005 3-month LIBOR + 4.85 % 5.61 % 7/30/2035 6,823 BST IV 10,097 237 4/24/2006 3-month LIBOR + 4.85 % 6.22 % 6/30/2036 10,040 BST V 10,097 237 7/21/2006 3-month LIBOR + 4.85 % 6.22 % 9/30/2036 10,040 BST VI 13,337 311 2/26/2007 3-month LIBOR + 4.80 % 5.56 % 4/30/2037 13,257 $ 72,494 $ 1,705 $ 72,081 (1) Outstanding balance is reduced by purchase accounting adjustments totaling $ 38.3 million and $ 38.7 million as of June 30, 2020 and December 31, 2019, respectively. (2) Initial Equity in Trust is recorded as part of other assets in the unaudited Consolidated Balance Sheets.

Fair Value Of Financial Instr_2

Fair Value Of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Of Financial Instruments [Abstract]
Carrying Amounts of Financial Instruments	As of June 30, 2020 As of December 31, 2019 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Cash and cash equivalents $ 209,427 $ 209,427 $ 190,009 $ 190,009 Restricted cash 24,829 24,829 49,637 49,637 Notes receivable, net 404,232 520,331 448,568 587,000 Lines-of-credit, notes payable, and receivable- backed notes payable 581,713 569,600 568,975 589,300 Junior subordinated debentures 72,494 58,500 72,081 98,500

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	The table below sets forth our segment information for the three months ended June 30, 2020 (in thousands): Revenue: Sales of VOIs and financing Resort operations and club management Corporate and other Elimination Total Sales of VOIs $ 9,054 $ — $ — $ — $ 9,054 Fee-based sales commission revenue 1,135 — — — 1,135 Other fee-based services revenue 1,349 25,064 — — 26,413 Cost reimbursements — 11,850 — — 11,850 Mortgage servicing revenue 1,510 — — ( 1,510 ) — Interest income 19,061 — 1,047 — 20,108 Other income, net — — 273 — 273 Total revenue 32,109 36,914 1,320 ( 1,510 ) 68,833 Costs and expenses: Cost of VOIs sold 1,038 — — — 1,038 Net carrying cost of VOI inventory 10,913 — — ( 10,913 ) — Cost of other fee-based services 719 6,903 — 10,913 18,535 Cost reimbursements — 11,850 — — 11,850 Selling, general and administrative expenses 32,329 — 9,115 ( 564 ) 40,880 Mortgage servicing expense 946 — — ( 946 ) — Interest expense 4,171 — 4,369 — 8,540 Total costs and expenses 50,116 18,753 13,484 ( 1,510 ) 80,843 (Loss) Income before non-controlling interest and (benefit) provision for income taxes $ ( 18,007 ) $ 18,161 $ ( 12,164 ) $ — $ ( 12,010 ) Add: Depreciation and amortization 1,483 190 Add: Severance 1,206 99 Segment Adjusted EBITDA (1) $ ( 15,318 ) $ 18,450 (1) See Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA, including how we define Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income. The table below sets forth our segment information for the three months ended June 30, 2019 (in thousands): Revenue: Sales of VOIs and financing Resort operations and club management Corporate and other Elimination Total Sales of VOIs $ 68,302 $ — $ — $ — $ 68,302 Fee-based sales commission revenue 55,343 — — — 55,343 Other fee-based services revenue 3,040 27,663 — — 30,703 Cost reimbursements — 14,007 — — 14,007 Mortgage servicing revenue 1,544 — — ( 1,544 ) — Interest income 19,925 — 1,950 — 21,875 Other income, net — — 1,993 — 1,993 Total revenue 148,154 41,670 3,943 ( 1,544 ) 192,223 Costs and expenses: Cost of VOIs sold 10,572 — — — 10,572 Net carrying cost of VOI inventory 5,288 — — ( 5,288 ) — Cost of other fee-based services 1,099 12,662 — 5,288 19,049 Cost reimbursements — 14,007 — — 14,007 Selling, general and administrative expenses 130,284 — 18,629 ( 370 ) 148,543 Mortgage servicing expense 1,174 — — ( 1,174 ) — Interest expense 5,070 — 4,991 — 10,061 Total costs and expenses 153,487 26,669 23,620 ( 1,544 ) 202,232 (Loss) Income before non-controlling interest and (benefit) provision for income taxes $ ( 5,333 ) $ 15,001 $ ( 19,677 ) $ — $ ( 10,009 ) Add: Depreciation and amortization 1,534 364 Add: Bass Pro Settlement 39,121 — Segment Adjusted EBITDA (1) $ 35,322 $ 15,365 (1) See Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA, including how we define Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income. The table below sets forth our segment information for the six months ended June 30, 2020 (in thousands): Revenue: Sales of VOIs and financing Resort operations and club management Corporate and other Elimination Total Sales of VOIs $ 54,182 $ — $ — $ — $ 54,182 Fee-based sales commission revenue 42,500 — — — 42,500 Other fee-based services revenue 4,072 51,655 — — 55,727 Cost reimbursements — 30,970 — — 30,970 Mortgage servicing revenue 3,105 — — ( 3,105 ) — Interest income 39,209 — 2,765 — 41,974 Other income, net — — 406 — 406 Total revenue 143,068 82,625 3,171 ( 3,105 ) 225,759 Costs and expenses: Cost of VOIs sold 5,137 — — — 5,137 Net carrying cost of VOI inventory 18,827 — — ( 18,827 ) — Cost of other fee-based services 2,189 19,230 — 18,827 40,246 Cost reimbursements — 30,970 — — 30,970 Selling, general and administrative expenses 115,467 — 28,349 ( 739 ) 143,077 Mortgage servicing expense 2,366 — — ( 2,366 ) — Interest expense 8,835 — 8,523 — 17,358 Total costs and expenses 152,821 50,200 36,872 ( 3,105 ) 236,788 (Loss) Income before non-controlling interest and (benefit) provision for income taxes $ ( 9,753 ) $ 32,425 $ ( 33,701 ) $ — $ ( 11,029 ) Add: Depreciation and amortization 3,042 380 Add: Severance 3,769 1,233 Segment Adjusted EBITDA (1) $ ( 2,942 ) $ 34,038 (1) See Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA, including how we define Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income. The table below sets forth our segment information for the six months ended June 30, 2019 (in thousands): Revenue: Sales of VOIs and financing Resort operations and club management Corporate and other Elimination Total Sales of VOIs $ 120,033 $ — $ — $ — $ 120,033 Fee-based sales commission revenue 100,555 — — — 100,555 Other fee-based services revenue 5,768 54,503 — — 60,271 Cost reimbursements — 31,051 — — 31,051 Mortgage servicing revenue 3,034 — — ( 3,034 ) — Interest income 39,942 — 3,941 — 43,883 Other income, net — — 2,082 — 2,082 Total revenue 269,332 85,554 6,023 ( 3,034 ) 357,875 Costs and expenses: Cost of VOIs sold 14,420 — — — 14,420 Net carrying cost of VOI inventory 12,976 — — ( 12,976 ) — Cost of other fee-based services 2,309 25,757 — 12,976 41,042 Cost reimbursements — 31,051 — — 31,051 Selling, general and administrative expenses 203,355 — 36,757 ( 480 ) 239,632 Mortgage servicing expense 2,554 — — ( 2,554 ) — Interest expense 10,332 — 9,235 — 19,567 Total costs and expenses 245,946 56,808 45,992 ( 3,034 ) 345,712 Income (loss) before non-controlling interest and provision (benefit) for income taxes $ 23,386 $ 28,746 $ ( 39,969 ) $ — $ 12,163 Add: Depreciation and amortization 3,070 730 Add: Bass Pro Settlement 39,121 — Segment Adjusted EBITDA (1) $ 65,577 $ 29,476 (1) See Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA, including how we define Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income.

Organization And Basis Of Fin_3

Organization And Basis Of Financial Statement Presentation (Narrative) (Details) $ in Thousands	Jul. 31, 2019item	Jul. 31, 2020USD ($)storeitem	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)itemstore	Jun. 30, 2020USD ($)itemstore	Jun. 30, 2020USD ($)item	Jun. 30, 2019USD ($)
Segment Reporting Information [Line Items]
Number of resorts, owners right to most units						45
Number of associated resorts, owners right to limited units						23
Approximate number of owners in the resort club						219,000
Number of additional other hotels owners can stay through program						11,400
Number of reductions to workforce				1,600
Number of associates on temporary furlough				3,200
Number of associates returned to work					2,300
Number of full-time associates	6,050
Severance costs | $					$ 2,200	$ 6,700
Payroll and payroll benefit expense | $					10,700	11,600
Line of credit, outstanding | $				$ 60,000
Repayments of lines of credit | $			$ 40,000			44,324	$ 17,407
Unrestricted cash | $			$ 209,400		$ 209,400	$ 209,400
BBX Capital [Member] | Bluegreen [Member]
Segment Reporting Information [Line Items]
Percentage of ownership interest			93.00%		93.00%	93.00%
Bass Pro And Cabela [Member]
Segment Reporting Information [Line Items]
Number of stores open | store		85		89	64
VOI Sales Offices [Member]
Segment Reporting Information [Line Items]
Number of stores open | store					26
Number of stores open to existing owners | store					21
Number of stores open to new prospects | store					1
Bluegreen/Big Cedar Vacations, LLC [Member]
Segment Reporting Information [Line Items]
Percentage of ownership interest			51.00%		51.00%	51.00%
Subsequent Event [Member]
Segment Reporting Information [Line Items]
Number of associates returned to work		600
Number of full-time associates		4,250
Subsequent Event [Member] | VOI Sales Offices [Member]
Segment Reporting Information [Line Items]
Number of stores open to existing owners | store		23
Number of stores open to new prospects | store		17
System-wide sales | $		$ 30,900

Recently Issued Accounting Pr_2

Recently Issued Accounting Pronouncements (Narrative) (Details) - USD ($)	Jun. 30, 2020	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Prepaid expenses	$ 18,823,000			$ 10,501,000
Total shareholder's equity	436,999,000	$ 445,188,000		465,659,000	$ 460,870,000	$ 479,579,000	$ 475,365,000
Junior subordinated debentures	72,494,000			$ 72,081,000
Lines of credit and notes payable	0
Accounting Standards Update 2020-04 [Member] | LIBOR Indexed Junior Subordinated Debentures [Member]
Schedule of Equity Method Investments [Line Items]
Junior subordinated debentures	110,800,000
Accounting Standards Update 2020-04 [Member] | LIBOR Indexed Receivable-backed Notes Payable And Lines Of Credit [Member]
Schedule of Equity Method Investments [Line Items]
Receivable-backed notes payable and lines of credit	85,500,000
Accounting Standards Update 2020-04 [Member] | LIBOR Line Of Credit And Notes Payable [Member]
Schedule of Equity Method Investments [Line Items]
Lines of credit and notes payable	$ 183,200,000
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Accounting Standards Update 2018-15 [Member]
Schedule of Equity Method Investments [Line Items]
Capitalized implementation costs			$ (1,900,000)

Revenue From Contracts With C_3

Revenue From Contracts With Customers (Narrative) (Details) - segment	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue from Contracts with Customers [Abstract]
Number of reportable segments	2	2	2	2

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, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Total revenue		$ 68,833	$ 192,223	$ 225,759	$ 357,875
Sales of VOIs [Member]
Disaggregation of Revenue [Line Items]
Total revenue	[1]	9,054	68,302	54,182	120,033
Interest income		19,100	19,900	39,200	39,900
Fee-Based Sales Commission Revenue [Member]
Disaggregation of Revenue [Line Items]
Total revenue	[1]	1,135	55,343	42,500	100,555
Resort And Club Management Revenue [Member]
Disaggregation of Revenue [Line Items]
Total revenue	[2]	24,224	25,603	49,253	51,039
Cost Reimbursements [Member]
Disaggregation of Revenue [Line Items]
Total revenue	[2]	11,850	14,007	30,970	31,051
Title Fees And Other [Member]
Disaggregation of Revenue [Line Items]
Total revenue	[1]	1,349	3,040	4,072	5,768
Other Revenue [Member]
Disaggregation of Revenue [Line Items]
Total revenue	[2]	840	2,060	2,402	3,464
Revenue From Customers [Member]
Disaggregation of Revenue [Line Items]
Total revenue		48,452	168,355	183,379	311,910
Interest Income [Member]
Disaggregation of Revenue [Line Items]
Total revenue	[3]	20,108	21,875	41,974	43,883
Other Income, Net [Member]
Disaggregation of Revenue [Line Items]
Total revenue		$ 273	$ 1,993	$ 406	$ 2,082
[1]	Included in our Sales of VOIs and financing segment described in Note 12.
[2]	Included in our Resort operations and club management segment described in Note 12.
[3]	Interest income of $ 19.1 million and $ 19.9 million for three months ended June 30, 2020 and 2019, respectively, and $ 39.2 million and $ 39.9 million for the six months ended June 30, 2020 and 2019, respectively, is included in our Sales of VOIs and financing segment described in Note 12.

Notes Receivable (Narrative) (D

Notes Receivable (Narrative) (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increase in allowance for loan losses		$ 12,000
Notes receivable more than 90 days past due	[1]	19,671	$ 19,267
Notes receivable		551,861	589,198
Accrued interest		$ 4,700	$ 5,300
Bluegreens Vacation Ownership Interests [Member] | Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-average interest rate		14.90%	14.90%
Over 91 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable more than 90 days past due		$ 19,700	$ 19,300
Notes receivable	[2]	$ 19,671
[1]	Includes $ 12.1 million and $ 10.6 million of VOI notes receivable as of June 30, 2020 and December 31, 2019, respectively, related to VOI notes receivable that as of such date, had defaulted, but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of our receivable-backed notes payable transactions. These VOI notes receivable have been reflected in the allowance for loan losses.
[2]	Includes $ 12.1 million related to VOI notes receivable that, as of June 30, 2020, had defaulted, but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of our receivable-backed notes payable transactions. These VOI notes receivable have been reflected in the allowance for loan losses.

Notes Receivable (Information R

Notes Receivable (Information Relating To Bluegreen's Notes Receivable) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross notes receivable	$ 551,861	$ 589,198
Less: Allowance for loan loss	(147,629)	(140,630)	$ (133,486)	$ (134,133)
Notes receivable, net ($288,358 and $292,590 in VIEs at June 30, 2020 and December 31, 2019, respectively)	404,232	448,568
Notes Receivable Secured By VOIs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross notes receivable	551,861	589,198
Less: Allowance for loan loss	(147,629)	(140,630)
Notes receivable, net ($288,358 and $292,590 in VIEs at June 30, 2020 and December 31, 2019, respectively)	$ 404,232	$ 448,568
Allowance as a % of gross notes receivable	27.00%	24.00%
VOI Notes Receivable - Non-Securitized [Member] | Notes Receivable Secured By VOIs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross notes receivable	$ 167,638	$ 203,872
Less: Allowance for loan loss	(51,764)	(47,894)
VOI Notes Receivable - Securitized [Member] | Notes Receivable Secured By VOIs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross notes receivable	384,223	385,326
Less: Allowance for loan loss	$ (95,865)	$ (92,736)

Notes Receivable (Activity In T

Notes Receivable (Activity In The Allowance For Loan Losses) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Notes Receivable [Abstract]
Balance, beginning of period	$ 140,630	$ 134,133
Provision for loan losses	32,199	23,072
Less: Write-offs of uncollectible receivables	(25,200)	(23,719)
Balance, end of period	$ 147,629	$ 133,486

Notes Receivable (Financing Rec

Notes Receivable (Financing Receivable Credit Quality Indicators And Past Due By Year Of Origination) (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Total		$ 551,861	$ 589,198
VOI note receivable balance had not yet been charged off		12,100	10,600
Defaults [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020		35
2019		5,602
2018		7,198
2017		4,990
2016		3,941
2015 And Prior		3,434
Total		25,200
Allowance For Loan Loss [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020		11,137
2019		45,863
2018		31,939
2017		19,924
2016		18,662
2015 And Prior		20,104
Total		147,629
Current [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020		43,501
2019		151,466
2018		106,788
2017		72,848
2016		60,126
2015 And Prior		87,203
Total		521,932
31-60 Days [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020		311
2019		1,430
2018		1,117
2017		894
2016		652
2015 And Prior		723
Total		5,127
61-90 Days [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020		197
2019		1,437
2018		1,213
2017		775
2016		683
2015 And Prior		826
Total		5,131
Over 91 Days [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020	[1]	180
2019	[1]	2,724
2018	[1]	4,113
2017	[1]	3,439
2016	[1]	2,761
2015 And Prior	[1]	6,454
Total	[1]	19,671
Total [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020		44,189
2019		157,057
2018		113,231
2017		77,956
2016		64,222
2015 And Prior		95,206
Total		551,861
701+ [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020		29,419
2019		99,830
2018		66,310
2017		43,027
2016		32,118
2015 And Prior		42,784
Total		313,488
601-700 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020		13,504
2019		50,438
2018		39,403
2017		28,705
2016		26,256
2015 And Prior		41,312
Total		199,618
Less Than 601 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020	[2]	1,266
2019	[2]	5,061
2018	[2]	3,473
2017	[2]	2,358
2016	[2]	2,692
2015 And Prior	[2]	4,836
Total	[2]	19,686
Other [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2019	[1]	1,728
2018	[1]	4,045
2017	[1]	3,866
2016	[1]	3,156
2015 And Prior	[1]	6,274
Total	[1]	19,069
Total by FICO Score [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020		44,189
2019		157,057
2018		113,231
2017		77,956
2016		64,222
2015 And Prior		95,206
Total		551,861
Notes Receivable Secured By VOIs [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total		$ 551,861	$ 589,198
[1]	Includes $ 12.1 million related to VOI notes receivable that, as of June 30, 2020, had defaulted, but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of our receivable-backed notes payable transactions. These VOI notes receivable have been reflected in the allowance for loan losses.
[2]	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)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Percentage of gross notes receivable outstanding	100.00%	100.00%
701+ [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Percentage of gross notes receivable outstanding	59.00%	59.00%
601-700 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Percentage of gross notes receivable outstanding	37.00%	37.00%
Less Than 601 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Percentage of gross notes receivable outstanding	4.00%	4.00%

Notes Receivable (Delinquency S

Notes Receivable (Delinquency Status Of VOI Notes Receivable) (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current		$ 521,932	$ 557,849
31-60 days		5,127	6,794
61-90 days		5,131	5,288
Over 91 days	[1]	19,671	19,267
Total		551,861	589,198
Total		551,861	589,198
VOI note receivable balance had not yet been charged off		12,100	10,600
Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total		521,932
31-60 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total		5,127
61-90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total		5,131
Over 91 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Over 91 days		19,700	$ 19,300
Total	[2]	19,671
Total [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total		$ 551,861
[1]	Includes $ 12.1 million and $ 10.6 million of VOI notes receivable as of June 30, 2020 and December 31, 2019, respectively, related to VOI notes receivable that as of such date, had defaulted, but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of our receivable-backed notes payable transactions. These VOI notes receivable have been reflected in the allowance for loan losses.
[2]	Includes $ 12.1 million related to VOI notes receivable that, as of June 30, 2020, had defaulted, but the related VOI note receivable balance had not yet been charged off in accordance with the provisions of certain of our receivable-backed notes payable transactions. These VOI notes receivable have been reflected in the allowance for loan losses.

Variable Interest Entities (Nar

Variable Interest Entities (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Variable Interest Entities [Abstract]
Voluntary repurchases and substitutions	$ 7.6	$ 4.5

Variable Interest Entities (Inf

Variable Interest Entities (Information Related To The Assets And Liabilities Of The VIEs) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Variable Interest Entity [Line Items]
Restricted cash	$ 24,829	$ 49,637
Securitized notes receivable, net	404,232	448,568
Receivable backed notes payable - non-recourse	325,206	334,246
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Restricted cash	16,372	22,534
Securitized notes receivable, net	288,358	292,590
Receivable backed notes payable - non-recourse	$ 325,206	$ 334,246

Inventory (Summary Of Inventory

Inventory (Summary Of Inventory) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventory [Abstract]
Completed VOI units	$ 274,622	$ 269,847
Construction-in-progress		3,946
Real estate held for future development	75,648	73,144
Total	$ 350,270	$ 346,937

Debt (Lines-Of-Credit and Notes

Debt (Lines-Of-Credit and Notes Payable, Narrative) (Details) - USD ($)	1 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Notes payable and other borrowings	$ 0
Line of credit, outstanding		$ 60,000,000
Fifth Third Syndicated Line-of-Credit And Fifth Third Syndicated Term Loan [Member]
Debt Instrument [Line Items]
Repayment of credit facility	40,000,000
Line of credit, outstanding	166,300,000	$ 60,000,000
Fifth Third Syndicated LOC [Member]
Debt Instrument [Line Items]
Line of credit, outstanding	70,000,000
Balance	$ 70,000,000		$ 30,000,000
Interest rate	2.49%		3.85%
Fifth Third Syndicated Term Loan [Member]
Debt Instrument [Line Items]
Line of credit, outstanding	$ 96,300,000
Balance	$ 96,250,000		$ 98,750,000
Interest rate	3.71%		3.71%

Debt (Receivable-Backed Notes P

Debt (Receivable-Backed Notes Payable, Narrative) (Details) - USD ($)	Jul. 01, 2020	Jun. 30, 2020	Jun. 25, 2020	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse		$ 325,206,000			$ 334,246,000
Line of credit, outstanding				$ 60,000,000
Notes payable and other borrowings		0
Liberty Bank Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 40,000,000	$ 50,000,000
Percent of future advances of unpaid principal balance of qualified timeeshare loans to agents		80.00%	85.00%
Percent of future advances of unpaid principal balance of non-conforming qualified timeshare loans to agents		60.00%
Liberty Bank Facility [Member] | Prime Rate [Member]
Debt Instrument [Line Items]
Effective yield rate		4.00%
Fifth Third Bank Note [Member]
Debt Instrument [Line Items]
Interest rate		4.75%			4.95%
Quorum Purchase Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 50,000,000
Gross advance rate		85.00%
Subsequent Event [Member] | Liberty Bank Facility [Member]
Debt Instrument [Line Items]
Restructured facility	$ 10,000,000
Subsequent Event [Member] | Liberty Bank Facility [Member] | Prime Rate [Member]
Debt Instrument [Line Items]
Basis spread on rate	0.10%
Effective yield rate	3.40%

Debt (Junior Subordinated Deben

Debt (Junior Subordinated Debentures, Narrative) (Details) $ in Millions	Jun. 30, 2020USD ($)
Debt [Abstract]
Availablility of line of credits/credit facilities	$ 158.5

Debt (Lines-Of-Credit And Not_2

Debt (Lines-Of-Credit And Notes Payable) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total	$ 181,908	$ 146,160
Carrying Amount of Pledged Assets	234,687	241,818
Lines-Of-Credit And Notes Payable [Member]
Debt Instrument [Line Items]
Unamortized debt issuance costs	(1,338)	(1,410)
Fifth Third Bank Note [Member]
Debt Instrument [Line Items]
Balance	$ 16,996	$ 18,820
Interest Rate	4.75%	4.95%
Carrying Amount of Pledged Assets	$ 28,649	$ 31,259
Fifth Third Syndicated LOC [Member]
Debt Instrument [Line Items]
Balance	$ 70,000	$ 30,000
Interest Rate	2.49%	3.85%
Carrying Amount of Pledged Assets	$ 86,753	$ 49,062
Fifth Third Syndicated Term Loan [Member]
Debt Instrument [Line Items]
Balance	$ 96,250	$ 98,750
Interest Rate	3.71%	3.71%
Carrying Amount of Pledged Assets	$ 119,285	$ 161,497

Debt (Receivable-Backed Notes_2

Debt (Receivable-Backed Notes Payable) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Receivable-backed notes payable - recourse	$ 74,599	$ 88,569
Receivable backed notes payable - non-recourse	325,206	334,246
Total receivable-backed debt	399,805	422,815
Principal Balance of Pledged/Secured Receivables	476,470	494,604
Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable-backed notes payable - recourse	74,599	88,569
Principal Balance of Pledged/Secured Receivables	92,247	109,277
Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Unamortized debt issuance costs	(4,438)	(5,125)
Receivable backed notes payable - non-recourse	325,206	334,246
Principal Balance of Pledged/Secured Receivables	384,223	385,327
Liberty Bank Facility [Member] | Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable-backed notes payable - recourse	$ 21,663	$ 25,860
Interest Rate	4.00%	4.75%
Principal Balance of Pledged/Secured Receivables	$ 26,630	$ 31,681
NBA Receivables Facility [Member] | Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable-backed notes payable - recourse	$ 26,484	$ 32,405
Interest Rate	3.50%	4.55%
Principal Balance of Pledged/Secured Receivables	$ 32,870	$ 39,787
Pacific Western Facility [Member] | Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable-backed notes payable - recourse	$ 26,452	$ 30,304
Interest Rate	3.06%	4.68%
Principal Balance of Pledged/Secured Receivables	$ 32,747	$ 37,809
KeyBank/DZ Purchase Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse	$ 65,159	$ 31,708
Interest Rate	2.50%	3.99%
Principal Balance of Pledged/Secured Receivables	$ 81,522	$ 39,448
Quorum Purchase Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse	36,759	44,525
Principal Balance of Pledged/Secured Receivables	42,836	49,981
2012 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse	$ 6,093	$ 8,638
Interest Rate	2.94%	2.94%
Principal Balance of Pledged/Secured Receivables	$ 7,167	$ 9,878
2013 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse	$ 14,811	$ 18,219
Interest Rate	3.20%	3.20%
Principal Balance of Pledged/Secured Receivables	$ 16,581	$ 19,995
2015 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse	$ 26,426	$ 31,188
Interest Rate	3.02%	3.02%
Principal Balance of Pledged/Secured Receivables	$ 28,707	$ 33,765
2016 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse	$ 40,897	$ 48,529
Interest Rate	3.35%	3.35%
Principal Balance of Pledged/Secured Receivables	$ 46,375	$ 54,067
2017 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse	$ 57,641	$ 65,333
Interest Rate	3.12%	3.12%
Principal Balance of Pledged/Secured Receivables	$ 66,280	$ 74,219
2018 Term Securitization [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Receivable backed notes payable - non-recourse	$ 81,858	$ 91,231
Interest Rate	4.02%	4.02%
Principal Balance of Pledged/Secured Receivables	$ 94,755	$ 103,974
Minimum [Member] | Quorum Purchase Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Interest Rate	4.75%	4.75%
Maximum [Member] | Quorum Purchase Facility [Member] | Non-Recourse Receivable Backed Notes Payable [Member]
Debt Instrument [Line Items]
Interest Rate	5.50%	5.50%

Debt (Junior Subordinated Deb_2

Debt (Junior Subordinated Debentures Outstanding) (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Carrying Value		$ 72,494	$ 72,081
Junior subordinated debenture, purchase accounting adjustment		38,300	38,700
Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Carrying Value	[1]	72,494	72,081
Initial Equity In Trust	[2]	$ 1,705
Bluegreen Statutory Trust I [Member]
Debt Instrument [Line Items]
Issue Date		Mar. 15, 2005
Interest Rate Terms		3-month LIBOR‎+ 4.90%
Interest Rate		6.27%
Maturity Date		Mar. 30, 2035
Bluegreen Statutory Trust I [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Carrying Value	[1]	$ 15,146	15,059
Initial Equity In Trust	[2]	$ 355
Bluegreen Statutory Trust I [Member] | Junior Subordinated Debentures [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on rate		4.90%
Bluegreen Statutory Trust II [Member]
Debt Instrument [Line Items]
Issue Date		May 4, 2005
Interest Rate Terms		3-month LIBOR‎ + 4.85%
Interest Rate		5.61%
Maturity Date		Jul. 30, 2035
Bluegreen Statutory Trust II [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Carrying Value	[1]	$ 16,957	16,862
Initial Equity In Trust	[2]	$ 401
Bluegreen Statutory Trust II [Member] | Junior Subordinated Debentures [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on rate		4.85%
Bluegreen Statutory Trust III [Member]
Debt Instrument [Line Items]
Issue Date		May 10, 2005
Interest Rate Terms		3-month LIBOR‎ + 4.85%
Interest Rate		5.61%
Maturity Date		Jul. 30, 2035
Bluegreen Statutory Trust III [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Carrying Value	[1]	$ 6,860	6,823
Initial Equity In Trust	[2]	$ 164
Bluegreen Statutory Trust III [Member] | Junior Subordinated Debentures [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on rate		4.85%
Bluegreen Statutory Trust IV [Member]
Debt Instrument [Line Items]
Issue Date		Apr. 24, 2006
Interest Rate Terms		3-month LIBOR‎+ 4.85%
Interest Rate		6.22%
Maturity Date		Jun. 30, 2036
Bluegreen Statutory Trust IV [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Carrying Value	[1]	$ 10,097	10,040
Initial Equity In Trust	[2]	$ 237
Bluegreen Statutory Trust IV [Member] | Junior Subordinated Debentures [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on rate		4.85%
Bluegreen Statutory Trust V [Member]
Debt Instrument [Line Items]
Issue Date		Jul. 21, 2006
Interest Rate Terms		3-month LIBOR‎+ 4.85%
Interest Rate		6.22%
Maturity Date		Sep. 30, 2036
Bluegreen Statutory Trust V [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Carrying Value	[1]	$ 10,097	10,040
Initial Equity In Trust	[2]	$ 237
Bluegreen Statutory Trust V [Member] | Junior Subordinated Debentures [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on rate		4.85%
Bluegreen Statutory Trust VI [Member]
Debt Instrument [Line Items]
Issue Date		Feb. 26, 2007
Interest Rate Terms		3-month LIBOR‎+ 4.80%
Interest Rate		5.56%
Maturity Date		Apr. 30, 2037
Bluegreen Statutory Trust VI [Member] | Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Carrying Value	[1]	$ 13,337	$ 13,257
Initial Equity In Trust	[2]	$ 311
Bluegreen Statutory Trust VI [Member] | Junior Subordinated Debentures [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on rate		4.80%
[1]	Outstanding balance is reduced by purchase accounting adjustments totaling $ 38.3 million and $ 38.7 million as of June 30, 2020 and December 31, 2019, respectively.
[2]	Initial Equity in Trust is recorded as part of other assets in the unaudited Consolidated Balance Sheets.

Fair Value Of Financial Instr_3

Fair Value Of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 209,427	$ 190,009
Restricted cash	24,829	49,637
Notes receivable, net	404,232	448,568
Lines-of-credit, notes payable, and receivable-backed notes payable	581,713	568,975
Junior subordinated debentures	72,494	72,081
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	209,427	190,009
Restricted cash	24,829	49,637
Notes receivable, net	520,331	587,000
Lines-of-credit, notes payable, and receivable-backed notes payable	569,600	589,300
Junior subordinated debentures	$ 58,500	$ 98,500

Commitments And Contingencies (

Commitments And Contingencies (Narrative) (Details)	Feb. 28, 2018item	Nov. 30, 2020USD ($)	Jan. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)item	Jun. 30, 2020USD ($)store	Jun. 30, 2019USD ($)	Dec. 31, 2015	Jul. 14, 2020item	Jul. 07, 2020plaintiff	Mar. 31, 2020store
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Payments to subsidies						$ 4,600,000	$ 4,800,000
Accrued liabilities and other				$ 103,948,000		67,297,000
Inventory purchased						$ 3,333,000	8,071,000
Average annual default rates						9.50%		6.90%
Percent of total delinquencies subject to letters						10.10%
Number of non-exempt employees represented | item	660
Purchase period, from lawsuit						6 years
Number of telemarketing calls | item									9
Subsidies To Certain HOAs [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Accrued liabilities and other				0		$ 7,000,000
President And CEO [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Severance expense				$ 3,500,000
Amount of future payment						$ 2,400,000
Period of future payment						18 months
Other Executives [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Amount of future payment						$ 400,000
Other Executives [Member] | Forecast [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Severance expense		$ 2,500,000
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
Payments for legal settlements			$ 4,000,000
Accrued claims					$ 39,100,000	$ 14,300,000	$ 39,100,000
Number of stores vacation packages are sold | store						49
Cabela [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Number of stores vacation packages are sold | store						15
Bass Pro And Cabela [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Number of stores vacation packages are sold | store											89
Robert Barban [Member] | Subsequent Event [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Number of plaintiffs | plaintiff										172
Notes Receivable Secured By VOIs [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
VOI sales volume, percentage						10.00%	10.00%

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Operating Loss Carryforwards [Line Items]
Effective income tax rate			30.00%	25.00%
CARES Act, tax withholding deferral	$ 2,000,000		$ 2,000,000
CARES Act, employee retention tax credits	6,900,000		6,900,000
Recognized interest or penalties	0		0
BBX Capital [Member]
Operating Loss Carryforwards [Line Items]
Due for tax sharing agreement	$ 0	$ 10,700,000	$ 0	$ 13,000,000
Bluegreen [Member] | BBX Capital [Member]
Operating Loss Carryforwards [Line Items]
Percentage of ownership interest	93.00%		93.00%

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Jul. 31, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2020	Dec. 31, 2019	Apr. 30, 2015
Related Party Transaction [Line Items]
Due from related party		$ 80,000,000		$ 80,000,000			$ 80,000,000
Dividends paid				$ 9,667,000	$ 25,312,000
Subsequent Event [Member]
Related Party Transaction [Line Items]
Cash dividends paid per share	$ 1.19
BBX Capital [Member]
Related Party Transaction [Line Items]
Due to related parties								$ 80,000,000
Alan Levan And Mr Abdo [Member] | Class A and B Common Stock [Member] | BBX Capital [Member]
Related Party Transaction [Line Items]
Percent of voting power		78.00%		78.00%
Alan B. Levan, Chairman of BBX Capital [Member]
Related Party Transaction [Line Items]
Due to related parties							2,000,000
BBX Capital [Member]
Related Party Transaction [Line Items]
Loan, fixed rate per annum						4.00%		6.00%
Interst income from loan		$ 900,000	$ 1,200,000	$ 2,100,000	2,400,000
Due from related party		100,000		100,000
Management services expenses		300,000	500,000	600,000	900,000
Accrued service fees		400,000		400,000			$ 200,000
Amounts paid for other shared services between affiliates		$ 0	$ 100,000	$ 100,000	$ 100,000
BBX Capital [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Due from related party	$ 80,000,000
Cash dividends paid per share	$ 1.19
Bluegreen [Member] | BBX Capital [Member]
Related Party Transaction [Line Items]
Percentage of ownership interest		93.00%		93.00%

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 30, 2020USD ($)segment	Jun. 30, 2019USD ($)segment		Jun. 30, 2020USD ($)segment	Jun. 30, 2019USD ($)segment
Segment Reporting Information [Line Items]
Total revenue		$ 68,833	$ 192,223		$ 225,759	$ 357,875
Cost of VOIs sold		1,038	10,572		5,137	14,420
Cost of other fee-based services		18,535	19,049		40,246	41,042
Cost reimbursements		11,850	14,007		30,970	31,051
Selling, general and administrative expenses		40,880	148,543		143,077	239,632
Interest expense		8,540	10,061		17,358	19,567
Total costs and expenses		80,843	202,232		236,788	345,712
(Loss) Income before non-controlling interest and (benefit) provision for income taxes		(12,010)	$ (10,009)		(11,029)	12,163
Add: Depreciation and amortization					9,535	$ 9,056
Add: Severance		$ 2,200			$ 6,700
Number of reportable segments | segment		2	2		2	2
Corporate Expenses & Other [Member]
Segment Reporting Information [Line Items]
Total revenue		$ 1,320	$ 3,943		$ 3,171	$ 6,023
Selling, general and administrative expenses		9,115	18,629		28,349	36,757
Interest expense		4,369	4,991		8,523	9,235
Total costs and expenses		13,484	23,620		36,872	45,992
(Loss) Income before non-controlling interest and (benefit) provision for income taxes		(12,164)	(19,677)		(33,701)	(39,969)
Eliminations [Member]
Segment Reporting Information [Line Items]
Total revenue		(1,510)	(1,544)		(3,105)	(3,034)
Net carrying cost of VOI inventory		(10,913)	(5,288)		(18,827)	(12,976)
Cost of other fee-based services		10,913	5,288		18,827	12,976
Selling, general and administrative expenses		(564)	(370)		(739)	(480)
Mortgage servicing expense		(946)	(1,174)		(2,366)	(2,554)
Total costs and expenses		(1,510)	(1,544)		(3,105)	(3,034)
Sales Of VOIs And Financing [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenue		32,109	148,154		143,068	269,332
Cost of VOIs sold		1,038	10,572		5,137	14,420
Net carrying cost of VOI inventory		10,913	5,288		18,827	12,976
Cost of other fee-based services		719	1,099		2,189	2,309
Selling, general and administrative expenses		32,329	130,284		115,467	203,355
Mortgage servicing expense		946	1,174		2,366	2,554
Interest expense		4,171	5,070		8,835	10,332
Total costs and expenses		50,116	153,487		152,821	245,946
(Loss) Income before non-controlling interest and (benefit) provision for income taxes		(18,007)	(5,333)		(9,753)	23,386
Add: Depreciation and amortization		1,483	1,534		3,042	3,070
Add: Severance		1,206			3,769
Add: Bass Pro Settlement			39,121	[1]		39,121
Segment Adjusted EBITDA	[1]	(15,318)	35,322		(2,942)	65,577
Resort Operations And Club Management [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenue		36,914	41,670		82,625	85,554
Cost of other fee-based services		6,903	12,662		19,230	25,757
Cost reimbursements		11,850	14,007		30,970	31,051
Total costs and expenses		18,753	26,669		50,200	56,808
(Loss) Income before non-controlling interest and (benefit) provision for income taxes		18,161	15,001		32,425	28,746
Add: Depreciation and amortization		190	364		380	730
Add: Severance		99			1,233
Segment Adjusted EBITDA	[1]	18,450	15,365		34,038	29,476
Sales of VOIs [Member]
Segment Reporting Information [Line Items]
Total revenue	[2]	9,054	68,302		54,182	120,033
Sales of VOIs [Member] | Sales Of VOIs And Financing [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenue		9,054	68,302		54,182	120,033
Fee-Based Sales Commission Revenue [Member]
Segment Reporting Information [Line Items]
Total revenue	[2]	1,135	55,343		42,500	100,555
Fee-Based Sales Commission Revenue [Member] | Sales Of VOIs And Financing [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenue		1,135	55,343		42,500	100,555
Other Fee-Based Services Revenue [Member]
Segment Reporting Information [Line Items]
Total revenue		26,413	30,703		55,727	60,271
Other Fee-Based Services Revenue [Member] | Sales Of VOIs And Financing [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenue		1,349	3,040		4,072	5,768
Other Fee-Based Services Revenue [Member] | Resort Operations And Club Management [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenue		25,064	27,663		51,655	54,503
Cost Reimbursements [Member]
Segment Reporting Information [Line Items]
Total revenue	[3]	11,850	14,007		30,970	31,051
Cost Reimbursements [Member] | Resort Operations And Club Management [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenue		11,850	14,007		30,970	31,051
Mortgage Servicing Revenue [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total revenue		(1,510)	(1,544)		(3,105)	(3,034)
Mortgage Servicing Revenue [Member] | Sales Of VOIs And Financing [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenue		1,510	1,544		3,105	3,034
Interest Income [Member]
Segment Reporting Information [Line Items]
Total revenue	[4]	20,108	21,875		41,974	43,883
Interest Income [Member] | Corporate Expenses & Other [Member]
Segment Reporting Information [Line Items]
Total revenue		1,047	1,950		2,765	3,941
Interest Income [Member] | Sales Of VOIs And Financing [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenue		19,061	19,925		39,209	39,942
Other Income, Net [Member]
Segment Reporting Information [Line Items]
Total revenue		273	1,993		406	2,082
Other Income, Net [Member] | Corporate Expenses & Other [Member]
Segment Reporting Information [Line Items]
Total revenue		$ 273	$ 1,993		$ 406	$ 2,082
[1]	See Management’s Discussion and Analysis of Financial Condition and Results of Operations for information regarding Adjusted EBITDA, including how we define Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income.
[2]	Included in our Sales of VOIs and financing segment described in Note 12.
[3]	Included in our Resort operations and club management segment described in Note 12.
[4]	Interest income of $ 19.1 million and $ 19.9 million for three months ended June 30, 2020 and 2019, respectively, and $ 39.2 million and $ 39.9 million for the six months ended June 30, 2020 and 2019, respectively, is included in our Sales of VOIs and financing segment described in Note 12.

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended
	Jul. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Subsequent Event [Line Items]
Due from related party		$ 80,000	$ 80,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Cash dividends paid per share	$ 1.19
BBX Capital [Member]
Subsequent Event [Line Items]
Due from related party		$ 100
BBX Capital [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Cash dividends paid per share	$ 1.19
Due from related party	$ 80,000