v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 193,103 $ 190,009
Restricted cash ($15,135 and $22,534 in VIEs at September 30, 2020 and December 31, 2019, respectively) 35,312 49,637
Notes receivable 559,918 589,198
Less: Allowance for loan loss (149,805) (140,630)
Notes receivable, net ($271,539 and $292,590 in VIEs at September 30, 2020 and December 31, 2019, respectively) 410,113 448,568
Inventory 350,345 346,937
Prepaid expenses 13,577 10,501
Other assets 37,413 52,731
Operating lease assets 19,443 20,858
Intangible assets, net 61,452 61,515
Loan to related party   80,000
Property and equipment, net 93,046 99,262
Total assets 1,213,804 1,360,018
Liabilities    
Accounts payable 17,511 16,653
Accrued liabilities and other 92,934 103,948
Operating lease liabilities 20,880 22,124
Deferred income 14,635 18,074
Deferred income taxes 90,457 92,504
Receivable-backed notes payable - recourse 77,417 88,569
Receivable-backed notes payable - non-recourse (in VIEs) 303,301 334,246
Lines-of-credit and notes payable 160,671 146,160
Junior subordinated debentures 72,710 72,081
Total liabilities 850,516 894,359
Commitments and Contingencies -See Note 9
Shareholders' Equity    
Common stock, $0.01 par value, 100,000,000 shares authorized; 72,484,293 shares issued and outstanding at September 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 51,196 145,847
Total Bluegreen Vacations Corporation shareholders' equity 309,733 416,125
Non-controlling interest 53,555 49,534
Total shareholders' equity 363,288 465,659
Total liabilities and shareholders' equity $ 1,213,804 $ 1,360,018

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