Notes Receivable (Tables)
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12 Months Ended |
Dec. 31, 2018 |
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| Notes Receivable [Abstract] |
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| Information Relating To Bluegreen's Notes Receivable |
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As of December 31,
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2018
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2017
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Notes receivable secured by VOIs:
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VOI notes receivable - non-securitized
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$
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124,642
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$
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184,971
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VOI notes receivable - securitized
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447,850
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364,349
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572,492
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549,320
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Allowance for loan losses - non-securitized
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(28,258)
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(38,497)
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Allowance for loan losses - securitized
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(105,875)
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(85,161)
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VOI notes receivable, net
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$
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438,359
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$
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425,662
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Allowance as a % of VOI notes receivable
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23%
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23%
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Notes receivable secured by homesites: (1)
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Homesite notes receivable
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898
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1,329
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Allowance for loan losses
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(90)
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(133)
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Homesite notes receivable, net
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$
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808
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$
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1,196
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Allowance as a % of homesite notes receivable
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10%
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10%
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Total notes receivable:
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Gross notes receivable
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$
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573,390
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$
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550,649
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Allowance for loan losses
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(134,223)
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(123,791)
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Notes receivable, net
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$
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439,167
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$
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426,858
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Allowance as a % of gross notes receivable
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23%
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22%
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(1)
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Notes receivable secured by homesites were originated through a business, substantially all the assets of which were sold by us in 2012.
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| Future Conctractual Principal Payments Of Notes Receivables |
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2019
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$
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61,093
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2020
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59,746
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2021
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63,759
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2022
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68,046
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2023
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70,472
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Thereafter
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250,274
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Total
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$
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573,390
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| Activity In The Allowance For Loan Losses |
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For the Year Ended
December 31,
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2018
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2017
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Balance, beginning of year
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$
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123,791
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$
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120,270
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Provision for loan losses
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51,236
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46,412
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Less: Write-offs of uncollectible receivables
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(40,804)
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(42,891)
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Balance, end of year
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$
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134,223
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$
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123,791
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| Percentage Of Gross Notes Receivable Outstanding By FICO Score At Origination |
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As of
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December 31,
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December 31,
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2018
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2017
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FICO Score
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700+
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57
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%
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54
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%
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600-699
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39
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41
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<600
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3
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3
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No Score (1)
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1
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2
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Total
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100
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%
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100
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%
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(1)
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VOI notes receivable without a FICO score are primarily related to foreign borrowers.
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| Delinquency Status Of VOI Notes Receivable |
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As of December 31,
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2018
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2017
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Current
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$
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541,783
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$
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525,482
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31-60 days
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5,783
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6,088
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61-90 days
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4,516
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4,897
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Over 91 days (1)
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20,410
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12,853
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Total
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$
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572,492
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$
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549,320
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(1)
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Includes $14.3 million and $7.6 million as of December 31, 2018 and 2017, 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.
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