Acquisitions (Tables)

9 Months Ended

Sep. 30, 2013

Investment In Woodbridge Under The Equity Method


		For the Three	From April 2, 2013
		Months Ended	Through
		September 30, 2013	September 30, 2013
Cash to Woodbridge	$	-	60,404
Note payable to Woodbridge		-	11,750
Increase in additional paid-in capital		-	13,337
Investment in Woodbridge - Beginning of period		80,140	85,491
Equity earnings in Woodbridge		8,183	11,625
Dividends received from Woodbridge		(7,804)	(16,597)
Investment in Woodbridge - September 30, 2013	$	80,519	80,519

Summary Of Statement Of Financial Condition And Statement Of Operations

The following is Woodbridge’s summarized Consolidated Statements of Operations for the three months ended September 30, 2013 and from April 2, 2013 through September 30, 2013:


Woodbridge Holdings, LLC
Consolidated Statements of Operations - Unaudited
(In thousands)
		For the Three	From April 2, 2013
		Months Ended	Through
		September 30, 2013	September 30, 2013
Revenues:
Total revenues	$	148,281	280,157
Costs and expenses:
Total costs and expenses		115,420	230,801
Other income		388	746
Income from continuing operations before taxes		33,249	50,102
Provision for income taxes		(11,532)	(17,072)
Income from continuing operations		21,717	33,030
Discontinued operations:
Loss from discontinued operations, net of taxes		(192)	(270)
Net income		21,525	32,760
Net income attributable to noncontrolling interest		(3,735)	(7,487)
Net income attributable to Woodbridge		17,790	25,273
BBX Capital equity interest in Woodbridge		46%	46%
Equity earnings in Woodbridge	$	8,183	11,625

- Definition

Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.

+ References+ Details

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1486-128463

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 52

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 51

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph F4

-Subparagraph e

-Appendix F

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details