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Investment in Woodbridge Holdings, LLC (Tables)
6 Months Ended
Jun. 30, 2014
Schedule of Equity Method Investments [Line Items]  
Investment in venture and the adjustment to investment

 

 

 

 

 

 

 

 

 

 

June 30,

December 31,

 

 

2014

2013

Altis at Kendall Square, LLC

$

1,298 
1,300 

New Urban/BBX Development, LLC

 

2,368 
54 

Sunrise and Bayview Partners, LLC

 

1,800 

 -

PGA Design Center Holdings, LLC

 

1,971 

 -

Investments in unconsolidated real estate joint ventures

$

7,437 
1,354 

 

Summary Of Statement Of Financial Condition

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

 

2014

 

2013

Assets

 

 

 

 

Cash and restricted cash

$

214,212 

 

224,104 

Notes receivable, net

 

448,080 

 

467,319 

Inventory of real estate

 

203,891 

 

204,256 

Intangible assets

 

64,027 

 

64,142 

Other assets

 

145,080 

 

126,494 

  Total assets

$

1,075,290 

 

1,086,315 

Liabilities and Equity

 

 

 

 

Accounts payable, accrued liabilities and other

$

116,358 

 

116,956 

Deferred tax liabilities, net

 

97,347 

 

76,726 

Notes payable

 

501,243 

 

537,500 

Junior subordinated debentures

 

148,724 

 

147,431 

  Total liabilities

 

863,672 

 

878,613 

  Total Woodbridge members' equity

 

168,859 

 

169,981 

Noncontrolling interest

 

42,759 

 

37,721 

  Total equity

 

211,618 

 

207,702 

  Total liabilities and equity

$

1,075,290 

 

1,086,315 

 

Condensed Statement Of Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months

 

For the Six

 

 

Ended June 30,

 

Months Ended

 

 

2014

 

2013

 

June 30, 2014

Total revenues

$

150,617 

 

131,876 

 

280,537 

Total costs and expenses

 

120,262 

 

115,381 

 

225,195 

Other income

 

689 

 

358 

 

1,377 

Income from continuing operations before taxes

 

31,044 

 

16,853 

 

56,719 

Provision for income taxes

 

11,441 

 

5,540 

 

20,586 

Income from continuing operations

 

19,603 

 

11,313 

 

36,133 

Loss from discontinued operations, net of tax

 

103 

 

(78)

 

57 

Net income

 

19,706 

 

11,235 

 

36,190 

Net income attributable to noncontrolling interest

 

(2,080)

 

(3,752)

 

(5,038)

Net income attributable to Woodbridge

 

17,626 

 

7,483 

 

31,152 

BBX Capital 46% equity earnings in Woodbridge

$

8,108 

 

3,442 

 

14,330 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months

 

For the Six

 

Ended June 30,

 

Months Ended

 

 

2014

 

2013

 

June 30, 2014

 

 

 

 

 

 

 

Cash to Woodbridge

$

 -

 

60,404 

 

 -

Note payable to Woodbridge

 

 -

 

11,750 

 

 -

Increase in additional paid-in capital

 

 -

 

13,337 

 

 -

Investment in Woodbridge

 

84,795 

 

85,491 

 

78,573 

Equity earnings in Woodbridge

 

8,108 

 

3,442 

 

14,330 

Dividends received from Woodbridge

 

(14,846)

 

(8,793)

 

(14,846)

Investment in Woodbridge

$

78,057 

 

80,140 

 

78,057