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Investment in Woodbridge Holdings, LLC (Tables)
3 Months Ended
Mar. 31, 2014
Schedule of Equity Method Investments [Line Items]  
Investment in venture and the adjustment to investment

 

 

 

 

 

 

 

 

 

 

March 31,

December 31,

 

 

2014

2013

Altis at Kendall Square, LLC

$

1,300 
1,300 

New Urban/BBX Development, LLC

 

69 
54 

PGA Design Center Holdings, LLC

 

1,977 

 -

Total equity investments in unconsolidated real estate joint ventures

$

3,346 
1,354 

 

Summary Of Statement Of Financial Condition

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

 

2014

 

2013

Assets

 

 

 

 

Cash and restricted cash

$

218,494 

 

224,104 

Notes receivable, net

 

442,906 

 

467,319 

Inventory of real estate

 

207,801 

 

204,256 

Intangible assets

 

64,084 

 

64,142 

Other assets

 

160,952 

 

126,494 

  Total assets

$

1,094,237 

 

1,086,315 

Liabilities and Equity

 

 

 

 

Accounts payable, accrued liabilities and other

$

117,189 

 

116,956 

Deferred tax liabilities, net

 

85,844 

 

76,726 

Notes payable

 

518,946 

 

537,500 

Junior subordinated debentures

 

148,072 

 

147,431 

  Total liabilities

 

870,051 

 

878,613 

  Total Woodbridge members' equity

 

183,507 

 

169,981 

Noncontrolling interest

 

40,679 

 

37,721 

  Total equity

 

224,186 

 

207,702 

  Total liabilities and equity

$

1,094,237 

 

1,086,315 

 

Condensed Statement Of Operations

 

 

 

 

 

 

 

 

For the Three

 

 

Months Ended

 

 

March 31, 2014

Total revenues

$

129,920 

Total costs and expenses

 

104,933 

Other income

 

688 

Income from continuing operations before taxes

 

25,675 

Provision for income taxes

 

9,145 

Income from continuing operations

 

16,530 

Loss from discontinued operations, net of tax

 

(46)

Net income

 

16,484 

Net income attributable to noncontrolling interest

 

(2,958)

Net income attributable to Woodbridge

 

13,526 

BBX Capital equity interest in Woodbridge

 

46% 

Equity earnings in Woodbridge

$

6,222 

 

Woodbridge Holdings, LLC [Member]
 
Schedule of Equity Method Investments [Line Items]  
Investment in venture and the adjustment to investment

 

 

 

 

 

 

Investment in Woodbridge - December 31, 2013

$

78,573 

Equity earnings in Woodbridge

 

6,222 

Dividends received from Woodbridge

 

 -

Investment in Woodbridge - March 31, 2014

$

84,795