Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Information

The table below sets forth the Company’s segment information as of and for the three months ended March 31, 2022 (in thousands):

Revenues:		BBX Capital Real Estate	BBX Sweet Holdings		Renin		Other		Reconciling Items and Eliminations		Segment Total
Trade sales	$	—		29,357		33,488		2,905		(1)		65,749
Sales of real estate inventory		6,470		—		—		—		—		6,470
Interest income		545		—		—		—		604		1,149
Net gains on sales of real estate assets		1,329		—		—		—		—		1,329
Other revenue		516		—		—		445		(182)		779
Total revenues		8,860		29,357		33,488		3,350		421		75,476
Costs and expenses:
Cost of trade sales		—		18,373		31,774		859		—		51,006
Cost of real estate inventory sold		2,235		—		—		—		—		2,235
Interest expense		—		247		566		1		(278)		536
Recoveries from loan losses, net		(648)		—		—		—		—		(648)
Impairment losses		—		64		—		—		—		64
Selling, general and administrative expenses		2,398		12,675		4,660		1,999		5,632		27,364
Total costs and expenses		3,985		31,359		37,000		2,859		5,354		80,557
Operating income (losses)		4,875		(2,002)		(3,512)		491		(4,933)		(5,081)
Equity in net earnings of unconsolidated real estate joint ventures		1,532		—		—		—		—		1,532
Other income		(13)		872		—		2		123		984
Foreign exchange loss		—		—		(189)		—		—		(189)
Income (loss) before income taxes	$	6,394		(1,130)		(3,701)		493		(4,810)		(2,754)
Total assets	$	186,617		139,991		108,952		6,809		90,003		532,372
Expenditures for property and equipment	$	—		1,357		270		26		231		1,884
Depreciation and amortization	$	—		1,493		819		33		57		2,402
Debt accretion and amortization	$	9		44		32		—		—		85
Cash and cash equivalents	$	74,412		7,713		523		2,009		29,975		114,632
Real estate equity method investments	$	53,666		—		—		—		—		53,666
Goodwill	$	—		14,274		4,140		—		—		18,414
Notes payable and other borrowings	$	5,535		15,966		48,077		22		(14,025)		55,575

‎

The table below sets forth the Company’s segment information as of and for the three months ended March 31, 2021 (in thousands):

	BBX Capital Real Estate		BBX Sweet Holdings		Renin		Other		Reconciling Items and Eliminations		Segment Total
Revenues:
Trade sales	$	—		4,982		38,691		2,241		—	45,914
Sales of real estate inventory		13,535		—		—		—		—	13,535
Interest income		475		—		—		—		1,175	1,650
Net gains on sales of real estate assets		105		—		—		—		—	105
Other revenue		398		—		—		430		(157)	671
Total revenues		14,513		4,982		38,691		2,671		1,018	61,875
Costs and expenses:
Cost of trade sales		—		3,828		32,656		409		—	36,893
Cost of real estate inventory sold		7,858		—		—		—		—	7,858
Interest expense		—		26		410		1		(147)	290
Recoveries from loan losses, net		(508)		—		—		—		—	(508)
Selling, general and administrative expenses		1,974		1,571		4,304		1,506		3,843	13,198
Total costs and expenses		9,324		5,425		37,370		1,916		3,696	57,731
Operating income (losses)		5,189		(443)		1,321		755		(2,678)	4,144
Equity in net loss of unconsolidated real estate joint ventures		(271)		—		—		—		—	(271)
Other income		—		26		—		(1)		38	63
Foreign exchange loss		—		—		(480)		—		—	(480)
Income (loss) before income taxes	$	4,918		(417)		841		754		(2,640)	3,456
Total assets	$	163,449		27,007		105,216		7,141		139,138	441,951
Expenditures for property and equipment	$	—		3		237		12		14	266
Depreciation and amortization	$	—		81		631		30		49	791
Debt accretion and amortization	$	219		19		12		—		—	250
Cash and cash equivalents	$	31,924		1,001		1,939		1,985		50,958	87,807
Real estate equity method investments	$	60,402		—		—		—		—	60,402
Goodwill	$	—		—		6,936		—		—	6,936
Notes payable and other borrowings	$	21,028		1,407		46,473		39		—	68,947