v3.20.2
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

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