Company Quick10K Filing
BBX Capital
Price4.63 EPS0
Shares94 P/E11
MCap437 P/FCF7
Net Debt-417 EBIT109
TEV19 TEV/EBIT0
TTM 2019-09-30, in MM, except price, ratios
10-Q 2020-09-30 Filed 2020-11-09
10-Q 2020-06-30 Filed 2020-08-10
10-Q 2020-03-31 Filed 2020-05-11
10-K 2019-12-31 Filed 2020-03-13
10-Q 2019-09-30 Filed 2019-11-01
10-Q 2019-06-30 Filed 2019-08-07
10-Q 2019-03-31 Filed 2019-05-06
10-K 2018-12-31 Filed 2019-03-12
10-Q 2018-09-30 Filed 2018-11-06
10-Q 2018-06-30 Filed 2018-08-06
10-Q 2018-03-31 Filed 2018-05-08
10-K 2017-12-31 Filed 2018-03-09
10-Q 2017-09-30 Filed 2017-11-06
10-Q 2017-06-30 Filed 2017-08-08
10-Q 2017-03-31 Filed 2017-05-09
10-K 2016-12-31 Filed 2017-03-15
10-Q 2016-09-30 Filed 2016-11-08
10-Q 2016-06-30 Filed 2016-08-09
10-Q 2016-03-31 Filed 2016-05-06
10-K 2015-12-31 Filed 2016-03-15
10-Q 2015-09-30 Filed 2015-11-16
10-Q 2015-06-30 Filed 2015-08-07
10-Q 2015-03-31 Filed 2015-05-08
10-K 2014-12-31 Filed 2015-03-16
10-Q 2014-09-30 Filed 2014-11-10
10-Q 2014-06-30 Filed 2014-08-11
10-Q 2014-03-31 Filed 2014-05-12
10-K 2013-12-31 Filed 2014-03-17
10-Q 2013-09-30 Filed 2013-11-14
10-Q 2013-06-30 Filed 2013-08-14
10-Q 2013-03-31 Filed 2013-05-15
10-K 2012-12-31 Filed 2013-04-01
10-Q 2012-09-30 Filed 2012-11-14
10-Q 2012-06-30 Filed 2012-08-14
10-Q 2012-03-31 Filed 2012-05-15
10-K 2011-12-31 Filed 2012-03-30
10-Q 2011-09-30 Filed 2011-11-14
10-Q 2011-06-30 Filed 2011-08-15
10-Q 2011-03-31 Filed 2011-05-16
10-K 2010-12-31 Filed 2011-04-08
10-Q 2010-09-30 Filed 2010-11-17
10-Q 2010-06-30 Filed 2010-08-16
10-Q 2010-03-31 Filed 2010-05-21
10-K 2009-12-31 Filed 2010-04-13
8-K 2020-12-29 Other Events, Exhibits
8-K 2020-11-18
8-K 2020-11-09
8-K 2020-10-08
8-K 2020-09-30
8-K 2020-09-25
8-K 2020-09-25
8-K 2020-08-10
8-K 2020-07-22
8-K 2020-07-01
8-K 2020-06-24
8-K 2020-06-17
8-K 2020-06-17
8-K 2020-05-11
8-K 2020-04-22
8-K 2020-03-31
8-K 2020-03-10
8-K 2020-01-03
8-K 2019-12-19
8-K 2019-11-27
8-K 2019-11-01
8-K 2019-10-28
8-K 2019-10-21
8-K 2019-09-06
8-K 2019-08-07
8-K 2019-07-19
8-K 2019-06-18
8-K 2019-05-30
8-K 2019-05-23
8-K 2019-05-16
8-K 2019-05-10
8-K 2019-05-06
8-K 2019-03-25
8-K 2019-03-11
8-K 2019-03-04
8-K 2018-12-18
8-K 2018-12-03
8-K 2018-11-07
8-K 2018-10-29
8-K 2018-10-19
8-K 2018-08-21
8-K 2018-08-10
8-K 2018-08-06
8-K 2018-07-16
8-K 2018-05-17
8-K 2018-05-17
8-K 2018-05-09
8-K 2018-04-20
8-K 2018-04-12
8-K 2018-04-05
8-K 2018-03-22
8-K 2018-03-16
8-K 2018-03-14
8-K 2018-03-12
8-K 2018-01-11

BBX 10Q Quarterly Report

Part I - Financial Information
Item 1. Financial Statements
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
Item 4. Controls and Procedures
Part II - Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 6. Exhibits
EX-31.1 bvh-20200930xex31_1.htm
EX-31.2 bvh-20200930xex31_2.htm
EX-32.1 bvh-20200930xex32_1.htm
EX-32.2 bvh-20200930xex32_2.htm

BBX Capital Earnings 2020-09-30

Balance SheetIncome StatementCash Flow
1.91.51.10.80.40.02012201420172020
Assets, Equity
0.30.20.10.1-0.0-0.12012201420172020
Rev, G Profit, Net Income
0.10.0-0.0-0.1-0.1-0.22012201420172020
Ops, Inv, Fin

bvh-20200930x10q
false--12-31Q320200000315858YesYes0000315858bvh:BassProMember2019-09-300000315858bvh:CommonClassAndClassBMember2020-07-012020-07-310000315858us-gaap:RetainedEarningsUnappropriatedMember2020-09-300000315858us-gaap:ParentMember2020-09-300000315858us-gaap:NoncontrollingInterestMember2020-09-300000315858us-gaap:AdditionalPaidInCapitalMember2020-09-300000315858us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-09-300000315858us-gaap:RetainedEarningsUnappropriatedMember2020-06-300000315858us-gaap:ParentMember2020-06-300000315858us-gaap:NoncontrollingInterestMember2020-06-300000315858us-gaap:AdditionalPaidInCapitalMember2020-06-300000315858us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-3000003158582020-06-300000315858us-gaap:RetainedEarningsUnappropriatedMember2019-12-310000315858us-gaap:ParentMember2019-12-310000315858us-gaap:NoncontrollingInterestMember2019-12-310000315858us-gaap:AdditionalPaidInCapitalMember2019-12-310000315858us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310000315858srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201602Memberus-gaap:RetainedEarningsUnappropriatedMember2019-09-300000315858srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201602Memberus-gaap:ParentMember2019-09-300000315858srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201602Member2019-09-300000315858us-gaap:RetainedEarningsUnappropriatedMember2019-09-300000315858us-gaap:ParentMember2019-09-300000315858us-gaap:NoncontrollingInterestMember2019-09-300000315858us-gaap:AdditionalPaidInCapitalMember2019-09-300000315858us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-09-300000315858us-gaap:RetainedEarningsUnappropriatedMember2019-06-300000315858us-gaap:ParentMember2019-06-300000315858us-gaap:NoncontrollingInterestMember2019-06-300000315858us-gaap:AdditionalPaidInCapitalMember2019-06-300000315858us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-3000003158582019-06-300000315858us-gaap:RetainedEarningsUnappropriatedMember2018-12-310000315858us-gaap:ParentMember2018-12-310000315858us-gaap:NoncontrollingInterestMember2018-12-310000315858us-gaap:AdditionalPaidInCapitalMember2018-12-310000315858us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310000315858us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-09-300000315858us-gaap:CommonClassAMemberus-gaap:CommonStockMember2020-09-300000315858us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-06-300000315858us-gaap:CommonClassAMemberus-gaap:CommonStockMember2020-06-300000315858us-gaap:CommonClassBMemberus-gaap:CommonStockMember2019-09-300000315858us-gaap:CommonClassAMemberus-gaap:CommonStockMember2019-09-300000315858us-gaap:CommonClassBMember2019-09-300000315858us-gaap:CommonClassAMember2019-09-300000315858us-gaap:CommonClassBMemberus-gaap:CommonStockMember2019-06-300000315858us-gaap:CommonClassAMemberus-gaap:CommonStockMember2019-06-300000315858us-gaap:CommonClassBMember2018-12-310000315858us-gaap:CommonClassAMember2018-12-310000315858us-gaap:RestrictedStockMemberus-gaap:CommonClassBMember2020-09-300000315858us-gaap:RestrictedStockMemberus-gaap:CommonClassAMember2020-09-300000315858us-gaap:RestrictedStockMember2020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:FeeBasedSalesCommissionsMemberbvh:SalesOfVoisAndFinancingMember2020-07-012020-09-300000315858bvh:ResortTitleFeesMember2020-07-012020-09-300000315858bvh:ResortAndClubManagementRevenueMember2020-07-012020-09-300000315858bvh:OtherRevenueMember2020-07-012020-09-300000315858bvh:FeeBasedSalesCommissionsMember2020-07-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:FeeBasedSalesCommissionsMemberbvh:SalesOfVoisAndFinancingMember2020-01-012020-09-300000315858bvh:ResortTitleFeesMember2020-01-012020-09-300000315858bvh:ResortAndClubManagementRevenueMember2020-01-012020-09-300000315858bvh:OtherRevenueMember2020-01-012020-09-300000315858bvh:FeeBasedSalesCommissionsMember2020-01-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:FeeBasedSalesCommissionsMemberbvh:SalesOfVoisAndFinancingMember2019-07-012019-09-300000315858bvh:ResortTitleFeesMember2019-07-012019-09-300000315858bvh:ResortAndClubManagementRevenueMember2019-07-012019-09-300000315858bvh:OtherRevenueMember2019-07-012019-09-300000315858bvh:FeeBasedSalesCommissionsMember2019-07-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:FeeBasedSalesCommissionsMemberbvh:SalesOfVoisAndFinancingMember2019-01-012019-09-300000315858bvh:ResortTitleFeesMember2019-01-012019-09-300000315858bvh:ResortAndClubManagementRevenueMember2019-01-012019-09-300000315858bvh:OtherRevenueMember2019-01-012019-09-300000315858bvh:FeeBasedSalesCommissionsMember2019-01-012019-09-300000315858bvh:BluegreenMemberus-gaap:SubsequentEventMember2020-10-012020-10-310000315858bvh:FifthThirdSyndicatedLineOfCreditAndFifthThirdSyndicatedTermLoanMember2020-01-012020-09-300000315858bvh:PacificWesternFacilityMember2020-01-012020-09-300000315858bvh:BxgReceivablesNoteTrust2020Member2020-01-012020-09-300000315858bvh:BluegreenMember2020-07-012020-07-3100003158582020-01-310000315858bvh:BluegreenMembersrt:ChiefExecutiveOfficerMember2019-12-012019-12-310000315858bvh:BluegreenMembersrt:ExecutiveOfficerMember2019-12-310000315858bvh:BluegreenMembersrt:ChiefExecutiveOfficerMember2019-12-310000315858bvh:TwoThousandTwelveTermSecuritizationMemberbvh:NonRecourseReceivableBackedNotesPayableMember2020-09-300000315858bvh:TwoThousandThirteenTermSecuritizationMemberbvh:NonRecourseReceivableBackedNotesPayableMember2020-09-300000315858bvh:TwoThousandSixteenTermSecuritizationMemberbvh:NonRecourseReceivableBackedNotesPayableMember2020-09-300000315858bvh:TwoThousandSeventeenTermSecuritizationMemberbvh:NonRecourseReceivableBackedNotesPayableMember2020-09-300000315858bvh:TwoThousandFifteenTermSecuritizationMemberbvh:NonRecourseReceivableBackedNotesPayableMember2020-09-300000315858bvh:QuorumPurchaseFacilityMemberbvh:NonRecourseReceivableBackedNotesPayableMember2020-09-300000315858bvh:PacificWesternFacilityMemberbvh:RecourseReceivableBackedNotesPayableMember2020-09-300000315858bvh:NbaReceivablesFacilityMemberbvh:RecourseReceivableBackedNotesPayableMember2020-09-300000315858bvh:LibertyBankFacilityMemberbvh:RecourseReceivableBackedNotesPayableMember2020-09-300000315858bvh:RecourseReceivableBackedNotesPayableMember2020-09-300000315858bvh:TwoThousandTwelveTermSecuritizationMemberbvh:NonRecourseReceivableBackedNotesPayableMember2019-12-310000315858bvh:TwoThousandThirteenTermSecuritizationMemberbvh:NonRecourseReceivableBackedNotesPayableMember2019-12-310000315858bvh:TwoThousandSixteenTermSecuritizationMemberbvh:NonRecourseReceivableBackedNotesPayableMember2019-12-310000315858bvh:TwoThousandSeventeenTermSecuritizationMemberbvh:NonRecourseReceivableBackedNotesPayableMember2019-12-310000315858bvh:TwoThousandFifteenTermSecuritizationMemberbvh:NonRecourseReceivableBackedNotesPayableMember2019-12-310000315858bvh:QuorumPurchaseFacilityMemberbvh:NonRecourseReceivableBackedNotesPayableMember2019-12-310000315858bvh:PacificWesternFacilityMemberbvh:RecourseReceivableBackedNotesPayableMember2019-12-310000315858bvh:NbaReceivablesFacilityMemberbvh:RecourseReceivableBackedNotesPayableMember2019-12-310000315858bvh:LibertyBankFacilityMemberbvh:RecourseReceivableBackedNotesPayableMember2019-12-310000315858bvh:RecourseReceivableBackedNotesPayableMember2019-12-310000315858bvh:SubsidiesToCertainHoasMember2020-09-300000315858bvh:SubsidiesToCertainHoasMember2019-12-310000315858us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-09-300000315858us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-09-300000315858bvh:CabelaMemberus-gaap:SubsequentEventMember2020-10-310000315858bvh:BassProMemberus-gaap:SubsequentEventMember2020-10-310000315858bvh:BassProAndCabelaMemberus-gaap:SubsequentEventMember2020-10-310000315858us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-09-300000315858us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-12-310000315858bvh:BvhCorporateMember2020-09-300000315858bvh:BluegreenBigCedarVacationMember2020-09-300000315858bvh:JointVenturesMember2019-12-310000315858bvh:BluegreenBigCedarVacationMember2019-12-310000315858bvh:AbdoCompaniesInc.Member2020-07-012020-09-300000315858bvh:AbdoCompaniesInc.Member2019-01-012019-09-300000315858bvh:BluegreenMemberbvh:BassProMember2019-06-012019-06-300000315858bvh:BluegreenMemberbvh:QuorumPurchaseFacilityMember2020-09-300000315858bvh:BluegreenMemberbvh:FifthThirdSyndicatedLineOfCreditAndFifthThirdSyndicatedTermLoanMember2020-09-300000315858bvh:IberiaLineOfCreditMember2020-09-300000315858bvh:BluegreenMember2020-03-310000315858bvh:WoodbridgeMemberbvh:LevittCapitalTrustIIvMember2020-09-300000315858bvh:BluegreenMemberbvh:BluegreenStatutoryTrustIViMember2020-09-300000315858bvh:WoodbridgeMemberbvh:LevittCapitalTrustIIvMember2019-12-310000315858bvh:BluegreenMemberbvh:BluegreenStatutoryTrustIViMember2019-12-310000315858us-gaap:NotesPayableOtherPayablesMemberbvh:BluegreenMember2020-01-012020-09-300000315858us-gaap:NotesPayableOtherPayablesMemberbvh:BluegreenMember2019-01-012019-09-300000315858bvh:BluegreenBigCedarVacationMember2020-07-012020-09-300000315858bvh:BluegreenBigCedarVacationMember2020-01-012020-09-300000315858bvh:BluegreenMember2019-07-012019-09-300000315858bvh:BluegreenBigCedarVacationMember2019-07-012019-09-300000315858bvh:BluegreenBigCedarVacationMember2019-01-012019-09-300000315858bvh:BluegreensVacationOwnershipInterestsMember2019-09-300000315858bvh:BluegreensVacationOwnershipInterestsMember2018-12-310000315858bvh:BassProMember2019-07-012019-09-300000315858bvh:BassProMember2019-01-012019-09-300000315858bvh:BluegreenMember2020-07-310000315858us-gaap:CommonClassBMemberus-gaap:RetainedEarningsUnappropriatedMember2019-07-012019-09-300000315858us-gaap:CommonClassBMemberus-gaap:ParentMember2019-07-012019-09-300000315858us-gaap:CommonClassBMemberus-gaap:NoncontrollingInterestMember2019-07-012019-09-300000315858us-gaap:CommonClassBMemberus-gaap:AdditionalPaidInCapitalMember2019-07-012019-09-300000315858us-gaap:CommonClassBMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2019-07-012019-09-300000315858us-gaap:CommonClassAMemberus-gaap:RetainedEarningsUnappropriatedMember2019-07-012019-09-300000315858us-gaap:CommonClassAMemberus-gaap:ParentMember2019-07-012019-09-300000315858us-gaap:CommonClassAMemberus-gaap:NoncontrollingInterestMember2019-07-012019-09-300000315858us-gaap:CommonClassAMemberus-gaap:AdditionalPaidInCapitalMember2019-07-012019-09-300000315858us-gaap:CommonClassAMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2019-07-012019-09-300000315858us-gaap:CommonClassBMemberus-gaap:RetainedEarningsUnappropriatedMember2019-01-012019-09-300000315858us-gaap:CommonClassBMemberus-gaap:ParentMember2019-01-012019-09-300000315858us-gaap:CommonClassAMemberus-gaap:RetainedEarningsUnappropriatedMember2019-01-012019-09-300000315858us-gaap:CommonClassAMemberus-gaap:ParentMember2019-01-012019-09-300000315858bvh:BbxCapitalInc.Memberus-gaap:OtherOperatingIncomeExpenseMember2020-07-012020-09-300000315858bvh:BbxCapitalInc.Memberus-gaap:InterestIncomeMember2020-07-012020-09-300000315858bvh:BbxCapitalInc.Memberbvh:NetGainsLossOnSalesOfAssetsMember2020-07-012020-09-300000315858bvh:BbxCapitalInc.Memberus-gaap:OtherOperatingIncomeExpenseMember2020-01-012020-09-300000315858bvh:BbxCapitalInc.Memberus-gaap:InterestIncomeMember2020-01-012020-09-300000315858bvh:BbxCapitalInc.Memberbvh:NetGainsLossOnSalesOfAssetsMember2020-01-012020-09-300000315858bvh:BbxCapitalInc.Memberus-gaap:OtherOperatingIncomeExpenseMember2019-07-012019-09-300000315858bvh:BbxCapitalInc.Memberus-gaap:InterestIncomeMember2019-07-012019-09-300000315858bvh:BbxCapitalInc.Memberbvh:SalesOfRealEstateInventoryMember2019-07-012019-09-300000315858bvh:BbxCapitalInc.Memberbvh:NetGainsLossOnSalesOfAssetsMember2019-07-012019-09-300000315858bvh:BbxCapitalInc.Memberus-gaap:OtherOperatingIncomeExpenseMember2019-01-012019-09-300000315858bvh:BbxCapitalInc.Memberus-gaap:InterestIncomeMember2019-01-012019-09-300000315858bvh:BbxCapitalInc.Memberbvh:NetGainsLossOnSalesOfAssetsMember2019-01-012019-09-300000315858bvh:BbxCapitalInc.Memberus-gaap:SellingGeneralAndAdministrativeExpensesMember2020-07-012020-09-300000315858bvh:BbxCapitalInc.Memberbvh:TradeSalesMember2020-07-012020-09-300000315858bvh:BbxCapitalInc.Memberbvh:SalesOfRealEstateInventoryMember2020-07-012020-09-300000315858bvh:BbxCapitalInc.Memberus-gaap:SellingGeneralAndAdministrativeExpensesMember2020-01-012020-09-300000315858bvh:BbxCapitalInc.Memberbvh:TradeSalesMember2020-01-012020-09-300000315858bvh:BbxCapitalInc.Memberbvh:SalesOfRealEstateInventoryMember2020-01-012020-09-300000315858bvh:BbxCapitalInc.Memberbvh:ImpairmentLossesMember2020-01-012020-09-300000315858bvh:BbxCapitalInc.Memberus-gaap:SellingGeneralAndAdministrativeExpensesMember2019-07-012019-09-300000315858bvh:BbxCapitalInc.Memberus-gaap:InterestExpenseMember2019-07-012019-09-300000315858bvh:BbxCapitalInc.Memberbvh:TradeSalesMember2019-07-012019-09-300000315858bvh:BbxCapitalInc.Memberbvh:ImpairmentLossesMember2019-07-012019-09-300000315858bvh:BbxCapitalInc.Memberus-gaap:SellingGeneralAndAdministrativeExpensesMember2019-01-012019-09-300000315858bvh:BbxCapitalInc.Memberus-gaap:InterestExpenseMember2019-01-012019-09-300000315858bvh:BbxCapitalInc.Memberbvh:TradeSalesMember2019-01-012019-09-300000315858bvh:BbxCapitalInc.Memberbvh:SalesOfRealEstateInventoryMember2019-01-012019-09-300000315858bvh:BbxCapitalInc.Memberbvh:ImpairmentLossesMember2019-01-012019-09-300000315858us-gaap:RevolvingCreditFacilityMember2020-09-300000315858bvh:NonRecourseReceivableBackedNotesPayableMember2020-09-300000315858bvh:BluegreenMember2020-09-300000315858bvh:NonRecourseReceivableBackedNotesPayableMember2019-12-310000315858bvh:BluegreenMember2019-12-310000315858bvh:BluegreenMemberus-gaap:NotesReceivableMember2020-09-300000315858bvh:BluegreenMemberus-gaap:NotesReceivableMember2019-12-310000315858bvh:OptionalDefermentMemberbvh:BBXCapitalCorporationMember2020-01-012020-09-300000315858us-gaap:SpinoffMember2020-01-012020-09-300000315858srt:MinimumMemberbvh:QuorumPurchaseFacilityMember2020-09-300000315858srt:MaximumMemberbvh:QuorumPurchaseFacilityMember2020-09-300000315858bvh:OptionalDefermentMemberbvh:BBXCapitalCorporationMember2020-09-300000315858bvh:BluegreenMemberbvh:NbaEilanLoanMember2020-09-300000315858srt:MinimumMemberbvh:QuorumPurchaseFacilityMember2019-12-310000315858srt:MaximumMemberbvh:QuorumPurchaseFacilityMember2019-12-310000315858bvh:BluegreenMemberbvh:NbaEilanLoanMember2019-12-310000315858bvh:BluegreenMemberbvh:FifthThirdSyndicatedTermLoanMember2019-12-310000315858bvh:BluegreenMemberbvh:FifthThirdSyndicatedLocMember2019-12-310000315858bvh:NbaReceivablesFacilityMemberus-gaap:SubsequentEventMemberbvh:OneMonthLiborMember2020-10-310000315858bvh:WoodbridgeMembersrt:MinimumMemberbvh:LevittCapitalTrustIIvMember2020-09-300000315858bvh:WoodbridgeMembersrt:MaximumMemberbvh:LevittCapitalTrustIIvMember2020-09-300000315858bvh:BluegreenMembersrt:MinimumMemberbvh:BluegreenStatutoryTrustIViMember2020-09-300000315858bvh:BluegreenMembersrt:MaximumMemberbvh:BluegreenStatutoryTrustIViMember2020-09-300000315858srt:MinimumMemberbvh:WsjPrimeRateMember2020-09-300000315858srt:MaximumMemberbvh:WsjPrimeRateMember2020-09-300000315858bvh:NbaReceivablesFacilityMemberbvh:OneMonthLiborMember2020-09-300000315858bvh:BluegreenMemberbvh:FifthThirdSyndicatedLocMember2020-09-300000315858bvh:NbaReceivablesFacilityMemberbvh:OneMonthLiborMember2020-06-300000315858bvh:WoodbridgeMembersrt:MinimumMemberbvh:LevittCapitalTrustIIvMember2019-12-310000315858bvh:WoodbridgeMembersrt:MaximumMemberbvh:LevittCapitalTrustIIvMember2019-12-310000315858bvh:BluegreenMembersrt:MinimumMemberbvh:BluegreenStatutoryTrustIViMember2019-12-310000315858bvh:BluegreenMembersrt:MaximumMemberbvh:BluegreenStatutoryTrustIViMember2019-12-310000315858bvh:KeybankDzPurchaseFacilityMember2020-01-012020-09-300000315858bvh:BluegreenMemberbvh:FifthThirdSyndicatedTermLoanMember2020-09-300000315858bvh:BBXCapitalCorporationMember2020-09-300000315858us-gaap:NotesPayableOtherPayablesMemberbvh:BluegreenMember2015-04-300000315858srt:MinimumMemberbvh:LibertyBankFacilityMember2020-09-300000315858srt:MaximumMemberbvh:LibertyBankFacilityMember2020-09-300000315858bvh:BluegreenMemberbvh:LibertyBankFacilityMember2020-09-300000315858bvh:NbaReceivablesFacilityMemberus-gaap:SubsequentEventMemberbvh:OneMonthLiborMember2020-10-012020-10-310000315858srt:MinimumMemberus-gaap:JuniorSubordinatedDebtMemberus-gaap:LondonInterbankOfferedRateLIBORMember2020-01-012020-09-300000315858srt:MaximumMemberus-gaap:JuniorSubordinatedDebtMemberus-gaap:LondonInterbankOfferedRateLIBORMember2020-01-012020-09-300000315858bvh:NbaReceivablesFacilityMemberbvh:OneMonthLiborMember2020-01-012020-09-300000315858bvh:WsjPrimeRateMember2020-01-012020-09-300000315858bvh:NbaReceivablesFacilityMemberbvh:OneMonthLiborMember2020-01-012020-06-300000315858srt:MinimumMemberus-gaap:JuniorSubordinatedDebtMemberus-gaap:LondonInterbankOfferedRateLIBORMember2019-01-012019-12-310000315858srt:MaximumMemberus-gaap:JuniorSubordinatedDebtMemberus-gaap:LondonInterbankOfferedRateLIBORMember2019-01-012019-12-310000315858us-gaap:OperatingSegmentsMemberbvh:BvhCorporateMember2020-07-012020-09-300000315858us-gaap:IntersegmentEliminationMember2020-07-012020-09-300000315858us-gaap:CorporateNonSegmentMember2020-07-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:BvhCorporateMember2020-01-012020-09-300000315858us-gaap:IntersegmentEliminationMember2020-01-012020-09-300000315858us-gaap:CorporateNonSegmentMember2020-01-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:BvhCorporateMember2019-07-012019-09-300000315858us-gaap:IntersegmentEliminationMember2019-07-012019-09-300000315858us-gaap:CorporateNonSegmentMember2019-07-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:BvhCorporateMember2019-01-012019-09-300000315858us-gaap:IntersegmentEliminationMember2019-01-012019-09-300000315858us-gaap:CorporateNonSegmentMember2019-01-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:SalesOfVoisMemberbvh:SalesOfVoisAndFinancingMember2020-07-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:OtherFeeBasedServicesMemberbvh:SalesOfVoisAndFinancingMember2020-07-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:OtherFeeBasedServicesMemberbvh:ResortOperationsAndClubManagementMember2020-07-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:MortgageServicingMemberbvh:SalesOfVoisAndFinancingMember2020-07-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:CostReimbursementsMemberbvh:ResortOperationsAndClubManagementMember2020-07-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:CarryingVoiInventoryMemberbvh:SalesOfVoisAndFinancingMember2020-07-012020-09-300000315858us-gaap:IntersegmentEliminationMemberbvh:OtherFeeBasedServicesMember2020-07-012020-09-300000315858us-gaap:IntersegmentEliminationMemberbvh:MortgageServicingMember2020-07-012020-09-300000315858us-gaap:IntersegmentEliminationMemberbvh:CarryingVoiInventoryMember2020-07-012020-09-300000315858bvh:SalesOfVoisMember2020-07-012020-09-300000315858bvh:OtherFeeBasedServicesMember2020-07-012020-09-300000315858bvh:CostReimbursementsMember2020-07-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:SalesOfVoisMemberbvh:SalesOfVoisAndFinancingMember2020-01-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:OtherFeeBasedServicesMemberbvh:SalesOfVoisAndFinancingMember2020-01-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:OtherFeeBasedServicesMemberbvh:ResortOperationsAndClubManagementMember2020-01-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:MortgageServicingMemberbvh:SalesOfVoisAndFinancingMember2020-01-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:CostReimbursementsMemberbvh:ResortOperationsAndClubManagementMember2020-01-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:CarryingVoiInventoryMemberbvh:SalesOfVoisAndFinancingMember2020-01-012020-09-300000315858us-gaap:IntersegmentEliminationMemberbvh:OtherFeeBasedServicesMember2020-01-012020-09-300000315858us-gaap:IntersegmentEliminationMemberbvh:MortgageServicingMember2020-01-012020-09-300000315858us-gaap:IntersegmentEliminationMemberbvh:CarryingVoiInventoryMember2020-01-012020-09-300000315858bvh:SalesOfVoisMember2020-01-012020-09-300000315858bvh:OtherFeeBasedServicesMember2020-01-012020-09-300000315858bvh:CostReimbursementsMember2020-01-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:SalesOfVoisMemberbvh:SalesOfVoisAndFinancingMember2019-07-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:OtherFeeBasedServicesMemberbvh:SalesOfVoisAndFinancingMember2019-07-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:OtherFeeBasedServicesMemberbvh:ResortOperationsAndClubManagementMember2019-07-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:MortgageServicingMemberbvh:SalesOfVoisAndFinancingMember2019-07-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:CostReimbursementsMemberbvh:ResortOperationsAndClubManagementMember2019-07-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:CarryingVoiInventoryMemberbvh:SalesOfVoisAndFinancingMember2019-07-012019-09-300000315858us-gaap:IntersegmentEliminationMemberbvh:OtherFeeBasedServicesMember2019-07-012019-09-300000315858us-gaap:IntersegmentEliminationMemberbvh:MortgageServicingMember2019-07-012019-09-300000315858us-gaap:IntersegmentEliminationMemberbvh:CarryingVoiInventoryMember2019-07-012019-09-300000315858bvh:SalesOfVoisMember2019-07-012019-09-300000315858bvh:OtherFeeBasedServicesMember2019-07-012019-09-300000315858bvh:CostReimbursementsMember2019-07-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:SalesOfVoisMemberbvh:SalesOfVoisAndFinancingMember2019-01-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:OtherFeeBasedServicesMemberbvh:SalesOfVoisAndFinancingMember2019-01-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:OtherFeeBasedServicesMemberbvh:ResortOperationsAndClubManagementMember2019-01-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:MortgageServicingMemberbvh:SalesOfVoisAndFinancingMember2019-01-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:CostReimbursementsMemberbvh:ResortOperationsAndClubManagementMember2019-01-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:CarryingVoiInventoryMemberbvh:SalesOfVoisAndFinancingMember2019-01-012019-09-300000315858us-gaap:IntersegmentEliminationMemberbvh:OtherFeeBasedServicesMember2019-01-012019-09-300000315858us-gaap:IntersegmentEliminationMemberbvh:MortgageServicingMember2019-01-012019-09-300000315858us-gaap:IntersegmentEliminationMemberbvh:CarryingVoiInventoryMember2019-01-012019-09-300000315858bvh:SalesOfVoisMember2019-01-012019-09-300000315858bvh:OtherFeeBasedServicesMember2019-01-012019-09-300000315858bvh:CostReimbursementsMember2019-01-012019-09-300000315858us-gaap:CommonClassBMember2020-03-310000315858us-gaap:CommonClassAMember2020-03-310000315858us-gaap:CommonClassBMember2019-12-310000315858us-gaap:CommonClassAMember2019-12-310000315858us-gaap:CommonClassBMember2019-07-012019-09-300000315858us-gaap:CommonClassAMember2019-07-012019-09-300000315858us-gaap:CommonClassBMember2019-01-012019-09-300000315858us-gaap:CommonClassAMember2019-01-012019-09-300000315858bvh:BluegreenMember2020-08-012020-08-3100003158582018-12-3100003158582019-09-300000315858us-gaap:RestrictedStockMember2019-07-012019-09-300000315858us-gaap:RestrictedStockMember2019-01-012019-09-300000315858us-gaap:CommonClassBMemberus-gaap:CommonStockMember2019-07-012019-09-300000315858us-gaap:CommonClassAMemberus-gaap:CommonStockMember2019-07-012019-09-300000315858us-gaap:RetainedEarningsUnappropriatedMember2019-07-012019-09-300000315858us-gaap:ParentMember2019-07-012019-09-300000315858us-gaap:NoncontrollingInterestMember2019-07-012019-09-300000315858us-gaap:AdditionalPaidInCapitalMember2019-07-012019-09-300000315858us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-07-012019-09-3000003158582019-07-012019-09-300000315858us-gaap:AdditionalPaidInCapitalMember2019-01-012019-09-300000315858srt:RevisionOfPriorPeriodReclassificationAdjustmentMemberus-gaap:AccountingStandardsUpdate201815Member2019-12-310000315858us-gaap:CommonClassBMember2020-11-040000315858us-gaap:CommonClassAMember2020-11-040000315858us-gaap:SubsequentEventMember2020-10-012020-10-310000315858bvh:BluegreensVacationOwnershipInterestsMember2019-01-012019-09-300000315858us-gaap:RestrictedStockMemberbvh:ExecutiveOfficersMemberus-gaap:CommonClassBMember2020-01-210000315858us-gaap:RestrictedStockMemberbvh:ExecutiveOfficersMemberus-gaap:CommonClassBMember2020-01-212020-01-210000315858us-gaap:RestrictedStockMember2020-01-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:SalesOfVoisAndFinancingMember2020-07-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:ResortOperationsAndClubManagementMember2020-07-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:SalesOfVoisAndFinancingMember2020-01-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:ResortOperationsAndClubManagementMember2020-01-012020-09-300000315858us-gaap:OperatingSegmentsMemberbvh:SalesOfVoisAndFinancingMember2019-07-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:ResortOperationsAndClubManagementMember2019-07-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:SalesOfVoisAndFinancingMember2019-01-012019-09-300000315858us-gaap:OperatingSegmentsMemberbvh:ResortOperationsAndClubManagementMember2019-01-012019-09-300000315858bvh:TwoThousandTwelveTermSecuritizationMember2020-09-300000315858bvh:TwoThousandThirteenTermSecuritizationMember2020-09-300000315858bvh:TwoThousandSixteenTermSecuritizationMember2020-09-300000315858bvh:TwoThousandSeventeenTermSecuritizationMember2020-09-300000315858bvh:TwoThousandFifteenTermSecuritizationMember2020-09-300000315858bvh:TermSecuritization2018Member2020-09-300000315858bvh:QuorumPurchaseFacilityMember2020-09-300000315858bvh:KeybankDzPurchaseFacilityMember2020-09-300000315858bvh:TwoThousandTwelveTermSecuritizationMember2019-12-310000315858bvh:TwoThousandThirteenTermSecuritizationMember2019-12-310000315858bvh:TwoThousandSixteenTermSecuritizationMember2019-12-310000315858bvh:TwoThousandSeventeenTermSecuritizationMember2019-12-310000315858bvh:TwoThousandFifteenTermSecuritizationMember2019-12-310000315858bvh:TermSecuritization2018Member2019-12-310000315858bvh:QuorumPurchaseFacilityMember2019-12-310000315858bvh:KeybankDzPurchaseFacilityMember2019-12-310000315858srt:MinimumMemberbvh:NbaReceivablesFacilityMemberbvh:RecourseReceivableBackedNotesPayableMemberus-gaap:SubsequentEventMember2020-10-310000315858bvh:NbaReceivablesFacilityMemberbvh:RecourseReceivableBackedNotesPayableMemberus-gaap:SubsequentEventMember2020-10-310000315858bvh:PacificWesternFacilityMember2020-09-300000315858bvh:LibertyBankFacilityMember2020-09-300000315858bvh:PacificWesternFacilityMember2019-12-310000315858bvh:NbaReceivablesFacilityMember2019-12-310000315858bvh:LibertyBankFacilityMember2019-12-310000315858srt:ScenarioForecastMemberbvh:BxgReceivablesNoteTrust2020Member2021-02-050000315858srt:MinimumMemberbvh:NbaReceivablesFacilityMemberus-gaap:SubsequentEventMember2020-10-310000315858bvh:TwentyTwentyTermSecuritizationMemberbvh:ClassMemberus-gaap:SubsequentEventMember2020-10-310000315858bvh:TwentyTwentyTermSecuritizationMemberbvh:ClassCMemberus-gaap:SubsequentEventMember2020-10-310000315858bvh:TwentyTwentyTermSecuritizationMemberbvh:ClassBMemberus-gaap:SubsequentEventMember2020-10-310000315858bvh:TwentyTwentyTermSecuritizationMemberus-gaap:SubsequentEventMember2020-10-310000315858bvh:NbaReceivablesFacilityMemberus-gaap:SubsequentEventMember2020-10-310000315858bvh:BxgReceivablesNoteTrust2020Memberus-gaap:SubsequentEventMember2020-10-310000315858bvh:BxgReceivablesNoteTrust2020Member2020-09-300000315858bvh:BluegreenMemberbvh:TwentyTwentyTermSecuritizationMember2019-12-310000315858bvh:BluegreensVacationOwnershipInterestsMember2020-01-012020-09-300000315858bvh:BluegreenMembersrt:ChiefExecutiveOfficerMember2020-01-012020-09-300000315858bvh:AlanLevanAndMrAbdoMemberbvh:ClassAndBCommonStockMember2020-09-300000315858bvh:BluegreenMemberbvh:BassProMember2020-01-012020-09-300000315858bvh:BluegreenMemberbvh:BassProMember2019-01-012019-09-300000315858us-gaap:CommonClassBMember2020-09-300000315858us-gaap:CommonClassAMember2020-09-300000315858bvh:BassProAndCabelaMember2020-01-012020-09-300000315858us-gaap:FicoScore600To699Member2020-09-300000315858us-gaap:FicoScoreGreaterThan700Member2019-12-310000315858us-gaap:FicoScore600To699Member2019-12-310000315858bvh:LessThan601Member2019-12-310000315858bvh:BluegreenMember2020-07-012020-09-300000315858bvh:BluegreenMember2020-01-012020-09-300000315858bvh:BluegreenMember2020-07-012020-09-300000315858bvh:BluegreenMember2020-01-012020-09-300000315858bvh:BluegreenMember2019-07-012019-09-300000315858bvh:BluegreenMember2019-01-012019-09-300000315858bvh:TennesseeTimeShareActMember2019-01-072019-01-070000315858bvh:CabelaMembersrt:ScenarioForecastMember2020-12-310000315858bvh:CabelaMemberus-gaap:SubsequentEventMember2020-10-310000315858bvh:BassProMemberus-gaap:SubsequentEventMember2020-10-310000315858bvh:BassProAndCabelaMemberus-gaap:SubsequentEventMember2020-10-310000315858bvh:BluegreenMemberbvh:CabelaMember2020-09-300000315858bvh:CabelaMember2020-09-300000315858bvh:BassProMember2020-09-300000315858bvh:CabelaMember2020-04-012020-09-300000315858bvh:BassProAndCabelaMember2020-04-012020-09-300000315858bvh:CabelaMember2020-01-012020-09-300000315858bvh:BassProMember2020-01-012020-09-300000315858bvh:BluegreenMember2019-06-012019-06-300000315858bvh:RobertBarbanMember2020-07-072020-07-0700003158582018-02-282018-02-280000315858bvh:BluegreenMember2019-01-012019-09-300000315858bvh:BluegreenMember2020-03-012020-03-310000315858bvh:BluegreenMember2020-04-012020-09-300000315858bvh:BluegreensVacationOwnershipInterestsMember2020-09-300000315858bvh:BluegreensVacationOwnershipInterestsMember2019-12-310000315858bvh:VoiNotesReceivableSecuritizedMemberbvh:NotesReceivableSecuredByVoisMember2020-09-300000315858bvh:VoiNotesReceivableNonSecuritizedMemberbvh:NotesReceivableSecuredByVoisMember2020-09-300000315858bvh:VoiNotesReceivableSecuritizedMemberbvh:NotesReceivableSecuredByVoisMember2019-12-310000315858bvh:VoiNotesReceivableNonSecuritizedMemberbvh:NotesReceivableSecuredByVoisMember2019-12-310000315858us-gaap:EstimateOfFairValueFairValueDisclosureMember2020-09-300000315858us-gaap:CarryingReportedAmountFairValueDisclosureMember2020-09-300000315858us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310000315858us-gaap:FairValueInputsLevel1Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2019-12-310000315858us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-04-012020-06-300000315858us-gaap:CommonClassAMemberus-gaap:CommonStockMember2020-04-012020-06-300000315858us-gaap:RetainedEarningsUnappropriatedMember2020-04-012020-06-300000315858us-gaap:ParentMember2020-04-012020-06-300000315858us-gaap:NoncontrollingInterestMember2020-04-012020-06-300000315858us-gaap:AdditionalPaidInCapitalMember2020-04-012020-06-300000315858us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-3000003158582020-04-012020-06-300000315858us-gaap:RetainedEarningsUnappropriatedMember2020-01-012020-09-300000315858us-gaap:NoncontrollingInterestMember2020-01-012020-09-300000315858us-gaap:CommonClassBMemberus-gaap:CommonStockMember2019-04-012019-06-300000315858us-gaap:CommonClassAMemberus-gaap:CommonStockMember2019-04-012019-06-300000315858us-gaap:RetainedEarningsUnappropriatedMember2019-04-012019-06-300000315858us-gaap:ParentMember2019-04-012019-06-300000315858us-gaap:NoncontrollingInterestMember2019-04-012019-06-300000315858us-gaap:AdditionalPaidInCapitalMember2019-04-012019-06-300000315858us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-04-012019-06-3000003158582019-04-012019-06-300000315858us-gaap:RetainedEarningsUnappropriatedMember2019-01-012019-09-300000315858us-gaap:ParentMember2019-01-012019-09-300000315858us-gaap:NoncontrollingInterestMember2019-01-012019-09-3000003158582020-03-310000315858bvh:BluegreenMemberbvh:TwentyTwentyTermSecuritizationMemberus-gaap:SubsequentEventMember2020-10-310000315858bvh:NbaReceivablesFacilityMember2020-09-300000315858bvh:NbaReceivablesFacilityMember2020-06-300000315858srt:MinimumMemberbvh:LibertyBankFacilityMember2020-01-012020-09-300000315858srt:MaximumMemberbvh:LibertyBankFacilityMember2020-01-012020-09-300000315858bvh:QuorumPurchaseFacilityMember2020-01-012020-09-300000315858bvh:LibertyBankFacilityMember2020-01-012020-09-300000315858us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-09-300000315858us-gaap:FinancingReceivables60To89DaysPastDueMember2020-09-300000315858us-gaap:FinancingReceivables30To59DaysPastDueMember2020-09-300000315858us-gaap:FinancingReceivables1To29DaysPastDueMember2020-09-300000315858us-gaap:FicoScoreGreaterThan700Member2020-09-300000315858bvh:LessThan601Member2020-09-300000315858bvh:FicoScoreOtherMember2020-09-300000315858bvh:FicoScore601To700Member2020-09-300000315858bvh:DefaultsMember2020-09-300000315858bvh:AllowanceForLoanLossMember2020-09-3000003158582019-12-310000315858bvh:BbxCapitalInc.Member2020-07-012020-09-300000315858bvh:BbxCapitalInc.Member2020-01-012020-09-300000315858bvh:BbxCapitalInc.Member2019-07-012019-09-300000315858bvh:BbxCapitalInc.Member2019-01-012019-09-300000315858bvh:BbxCapitalInc.Memberbvh:RecoveriesFromLoanLossesNetMember2020-07-012020-09-300000315858bvh:BbxCapitalInc.Memberbvh:RecoveriesFromLoanLossesNetMember2020-01-012020-09-300000315858bvh:BbxCapitalInc.Memberbvh:RecoveriesFromLoanLossesNetMember2019-07-012019-09-300000315858bvh:BbxCapitalInc.Memberbvh:RecoveriesFromLoanLossesNetMember2019-01-012019-09-300000315858bvh:BbxCapitalInc.Member2019-12-310000315858us-gaap:SpinoffMember2020-09-300000315858bvh:WoodbridgeMemberbvh:BluegreenMember2020-09-300000315858bvh:BluegreenMemberbvh:BluegreenBigCedarVacationMember2020-09-300000315858bvh:BluegreenMember2020-09-3000003158582020-09-3000003158582015-01-012015-12-3100003158582019-01-012019-09-3000003158582020-01-012020-01-310000315858bvh:NotesReceivableSecuredByVoisMember2020-09-300000315858bvh:NotesReceivableSecuredByVoisMember2019-12-310000315858us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-07-012020-09-300000315858us-gaap:CommonClassAMemberus-gaap:CommonStockMember2020-07-012020-09-300000315858us-gaap:RetainedEarningsUnappropriatedMember2020-07-012020-09-300000315858us-gaap:ParentMember2020-07-012020-09-300000315858us-gaap:NoncontrollingInterestMember2020-07-012020-09-300000315858us-gaap:AdditionalPaidInCapitalMember2020-07-012020-09-300000315858us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-07-012020-09-3000003158582020-07-012020-09-300000315858us-gaap:ParentMember2020-01-012020-09-300000315858us-gaap:CommonClassBMember2020-01-012020-09-300000315858us-gaap:CommonClassAMember2020-01-012020-09-300000315858us-gaap:AdditionalPaidInCapitalMember2020-01-012020-09-3000003158582020-01-012020-09-30iso4217:USDxbrli:sharesbvh:storebvh:plaintiffbvh:itembvh:segmentxbrli:purexbrli:sharesiso4217:USD

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the Quarter Ended September 30, 2020

[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Commission File Number

001-09071

Bluegreen Vacations Holding Corporation

(Exact name of registrant as specified in its charter)

Florida

59-2022148

(State or other jurisdiction of incorporation or organization)

(I.R.S Employer Identification No.)

401 East Las Olas Boulevard, Suite 800

Fort Lauderdale, Florida

33301

(Address of principal executive office)

(Zip Code)

(954) 940-4900

(Registrant's telephone number, including area code)

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A Common Stock, $.01 par value

(including associated Preferred Share Purchase Rights)

BVH

New York Stock Exchange

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

YES [X]  NO [ ]

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

YES [X]  NO [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]

Accelerated filer[X]

Non-accelerated filer [ ]

Smaller reporting company [ ]

Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.[ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

YES [ ]  NO [ X ]

The number of shares outstanding of each of the registrant’s classes of common stock as of November 4, 2020 is as follows:

Class A Common Stock of $.01 par value, 15,624,091 shares outstanding.
Class B Common Stock of $.01 par value, 3,693,596 shares outstanding.


Bluegreen Vacations Holding Corporation

TABLE OF CONTENTS

Part I.

Item 1.

Financial Statements

Condensed Consolidated Statements of Financial Condition as of September 30, 2020 and December 31, 2019 - Unaudited

1

Condensed Consolidated Statements of Operations and Comprehensive Income for the Three and Nine Months Ended September 30, 2020 and 2019 - Unaudited

2

Condensed Consolidated Statements of Changes in Equity for the Three and Nine Months Ended September 30, 2020 and 2019 - Unaudited

3

Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2020 and 2019 - Unaudited

5

Notes to Condensed Consolidated Financial Statements - Unaudited

7

Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

33

Item 3.

Quantitative and Qualitative Disclosure About Market Risk

58

Item 4.

Controls and Procedures

58

Part II.

OTHER INFORMATION

Item 1.

Legal Proceedings

59

Item 1A.

Risk Factors

59

Item 6.

Exhibits

61

Signatures

62


PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

Bluegreen Vacations Holding Corporation

Condensed Consolidated Statements of Financial Condition - Unaudited

(In thousands, except share data)

September 30,

December 31,

2020

2019

ASSETS

Cash and cash equivalents

$

211,110

335,846

Restricted cash ($15,135 in 2020 and $22,534 in 2019 in variable interest entities ("VIEs"))

35,672

49,896

Notes receivable

559,918

589,198

Less: Allowance for loan loss

(149,805)

(140,630)

Notes receivable, net ($271,539 in 2020 and $292,590 in 2019 in VIEs)

410,113

448,568

Vacation ownership interest ("VOI") inventory

350,345

346,937

Property and equipment, net

93,046

99,670

Intangible assets, net

61,452

61,515

Operating lease assets

19,667

21,498

Other assets

58,168

68,477

Discontinued operations total assets

360,861

Total assets

$

1,239,573

1,793,268

LIABILITIES AND EQUITY

Liabilities:

Accounts payable

$

17,794

16,662

Deferred income

14,635

18,074

Escrow deposits

15,967

22,711

Other liabilities

78,278

99,320

Receivable-backed notes payable - recourse

77,417

88,569

Receivable-backed notes payable - non-recourse (in VIEs)

303,301

334,246

Note payable to BBX Capital, Inc.

75,000

Notes payable and other borrowings

160,671

146,160

Junior subordinated debentures

137,937

137,254

Operating lease liabilities

21,177

22,957

Deferred income taxes

84,224

89,855

Discontinued operations total liabilities

173,381

Total liabilities

986,401

1,149,189

Commitments and contingencies (See Note 8)

 

 

Redeemable noncontrolling interest

4,009

Equity:

Preferred stock of $0.01 par value; authorized 10,000,000 shares

Class A Common Stock of $0.01 par value; authorized 30,000,000 shares;

issued and outstanding 15,624,091 in 2020 and 15,106,067 in 2019

156

151

Class B Common Stock of $0.01 par value; authorized 4,000,000 shares;

issued and outstanding 3,693,596 in 2020 and 3,191,571 in 2019

37

32

Additional paid-in capital

177,104

153,507

Accumulated earnings

394,551

Accumulated other comprehensive income

1,554

Total shareholders' equity

177,297

549,795

Noncontrolling interests

75,875

90,275

Total equity

253,172

640,070

Total liabilities and equity

$

1,239,573

1,793,268

See Notes to Condensed Consolidated Financial Statements - Unaudited

 


1


 

Bluegreen Vacations Holding Corporation

Condensed Consolidated Statements of Operations and Comprehensive Income - Unaudited

(In thousands, except per share data)

For the Three Months Ended September 30,

For the Nine Months Ended September 30,

2020

2019

2020

2019

Revenues:

Sales of VOIs

$

59,265

66,318

113,447

186,351

Fee-based sales commissions

22,119

60,478

64,619

161,033

Other fee-based services

27,831

33,744

83,558

94,015

Cost reimbursements

15,684

17,883

46,654

48,933

Interest income

19,346

21,586

59,963

63,969

Other revenue

28

70

Total revenues

144,245

200,037

368,241

554,371

Costs and Expenses:

Cost of VOIs sold

3,597

3,121

8,734

17,541

Cost of other fee-based services

20,861

22,872

61,107

63,913

Cost reimbursements

15,684

17,883

46,654

48,933

Interest expense

7,968

11,754

27,668

34,270

Selling, general and administrative expenses

120,933

130,032

281,237

394,280

Total costs and expenses

169,043

185,662

425,400

558,937

Other (expense) income

(339)

2,204

186

4,364

(Loss) income before income taxes

(25,137)

16,579

(56,973)

(202)

Provision for income taxes

(201)

(8,152)

(441)

(4,658)

Net (loss) income from continuing operations

(25,338)

8,427

(57,414)

(4,860)

Discontinued operations

(Loss) income from operations

(5,759)

24,603

(41,593)

38,785

Benefit (provision) for income taxes

8,623