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

 

 

 

 

 

 

 

 

 

 

September 30,

December 31,

 

 

2014

2013

Altis at Kendall Square, LLC

$

1,164 
1,300 

New Urban/BBX Development, LLC

 

(11)
54 

Sunrise and Bayview Partners, LLC

 

1,745 

 -

Hialeah Communities, LLC

 

4,860 

 -

PGA Design Center Holdings, LLC

 

1,949 

 -

Investments in unconsolidated real estate joint ventures

$

9,707 
1,354 

 

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 Nine

 

From April 2, 2013

 

Ended September 30,

 

Months Ended

 

Through

 

 

2014

 

2013

 

September 30, 2014

 

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

 

78,057 

 

80,140 

 

78,573 

 

85,491 

Equity earnings in Woodbridge

 

7,635 

 

8,183 

 

21,965 

 

11,625 

Dividends received from Woodbridge

 

(8,478)

 

(7,804)

 

(23,324)

 

(16,597)

Investment in Woodbridge

$

77,214 

 

80,519 

 

77,214 

 

80,519 

 

Summary Of Statement Of Financial Condition

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

2014

 

2013

Assets

 

 

 

 

Cash and restricted cash

$

221,597 

 

224,104 

Notes receivable, net

 

448,284 

 

467,319 

Inventory of real estate

 

196,527 

 

204,256 

Intangible assets

 

63,970 

 

64,142 

Other assets

 

137,445 

 

126,494 

  Total assets

$

1,067,823 

 

1,086,315 

Liabilities and Equity

 

 

 

 

Accounts payable, accrued liabilities and other

$

107,165 

 

116,956 

Deferred tax liabilities, net

 

108,482 

 

76,726 

Notes payable

 

489,258 

 

537,500 

Junior subordinated debentures

 

149,374 

 

147,431 

  Total liabilities

 

854,279 

 

878,613 

  Total Woodbridge members' equity

 

167,026 

 

169,981 

Noncontrolling interest

 

46,518 

 

37,721 

  Total equity

 

213,544 

 

207,702 

  Total liabilities and equity

$

1,067,823 

 

1,086,315 

 

Condensed Statement Of Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months

 

For the Nine

 

From April 2, 2013

 

 

Ended September 30,

 

Months Ended

 

Through

 

 

2014

 

2013

 

September 30, 2014

 

September 30, 2013

Total revenues

$

163,273 

 

148,281 

 

443,810 

 

280,157 

Total costs and expenses

 

132,261 

 

115,420 

 

357,456 

 

230,801 

Other income

 

483 

 

388 

 

1,860 

 

746 

Income from continuing operations before taxes

 

31,495 

 

33,249 

 

88,214 

 

50,102 

Provision for income taxes

 

11,136 

 

11,532 

 

31,722 

 

17,072 

Income from continuing operations

 

20,359 

 

21,717 

 

56,492 

 

33,030 

(Loss) income from discontinued operations, net of tax

 

(2)

 

(192)

 

55 

 

(270)

Net income

 

20,357 

 

21,525 

 

56,547 

 

32,760 

Net income attributable to noncontrolling interest

 

(3,759)

 

(3,735)

 

(8,797)

 

(7,487)

Net income attributable to Woodbridge

 

16,598 

 

17,790 

 

47,750 

 

25,273 

BBX Capital 46% equity earnings in Woodbridge

$

7,635 

 

8,183 

 

21,965 

 

11,625