Leases (Tables)

12 Months Ended

Dec. 31, 2020



	As of			As of
	December 31, 2020			December 31, 2019 (2)
Operating lease assets	$	13,488		$	87,082
Operating lease liabilities	$	14,141		$	99,568
Weighted average remaining lease term (years)		7.0			6.6
Weighted average discount rate (1)		5.36	%		5.26	%

(1)

As most of the Company’s lease agreements do not provide an implicit rate, the Company estimates incremental secured borrowing rates corresponding to the maturities of its lease agreements to determine the present value of future lease payments. To estimate incremental borrowing rates applicable to BBX Capital and its subsidiaries, the Company considers various factors, including the rates applicable to its recently issued debt and credit facilities and prevailing financial market conditions. The Company used the incremental borrowing rates applicable to BBX Capital and its subsidiaries on January 1, 2019 for operating leases that commenced prior to that date.

(2)

Includes IT’SUGAR’s operating leases. On September 22, 2020, the Company deconsolidated IT’SUGAR as a result of IT’SUGAR filing the Bankruptcy Cases and derecognized its operating lease assets and liabilities.

Schedule Of Lease Costs



	For the Years Ended
	December 31, 2020		December 31, 2019
Fixed lease costs	$	14,111	$	19,944
Short-term lease costs		283		121
Variable lease costs		3,584		5,763
Total operating lease costs	$	17,978	$	25,828

Schedule Of Operating Lease Maturity



Years Ending December 31,
2021	$	3,113
2022		2,511
2023		2,082
2024		2,054
2025		1,940
After 2025		5,356
Total lease payments		17,056
Less: interest		2,915
Present value of lease liabilities	$	14,141