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Investment in Woodbridge Holdings, LLC (Tables)
6 Months Ended
Jun. 30, 2015
Schedule of Equity Method Investments [Line Items]  
Investment in venture and the adjustment to investment

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

 

2015

 

2014

Altis at Kendall Square, LLC

$

1,202 

 

1,264 

Altis at Lakeline - Austin Investors LLC

 

5,089 

 

5,000 

New Urban/BBX Development, LLC

 

943 

 

996 

Sunrise and Bayview Partners, LLC

 

1,639 

 

1,723 

Hialeah Communities, LLC

 

4,855 

 

5,091 

PGA Design Center Holdings, LLC

 

1,921 

 

1,991 

BBX Miramar

 

875 

 

 -

Investments in unconsolidated real estate joint ventures

$

16,524 

 

16,065 

 

Woodbridge Holdings, LLC [Member]  
Schedule of Equity Method Investments [Line Items]  
Summary Of Statement Of Financial Condition

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

 

2015

 

2014

Assets

 

 

 

 

Cash and restricted cash

$

171,452 

 

240,427 

Notes receivable, net

 

406,685 

 

424,267 

Notes receivable from related parties

 

91,750 

 

11,750 

Inventory of real estate

 

214,642 

 

194,713 

Properties and equipment, net

 

71,544 

 

72,319 

Intangible assets

 

62,092 

 

63,913 

Other assets

 

76,135 

 

53,158 

  Total assets

$

1,094,300 

 

1,060,547 

Liabilities and Equity

 

 

 

 

Accounts payable, accrued liabilities and other

$

156,760 

 

114,263 

Deferred tax liabilities, net

 

111,136 

 

92,609 

Notes payable

 

491,278 

 

502,465 

Junior subordinated debentures

 

151,236 

 

150,038 

  Total liabilities

 

910,410 

 

859,375 

  Total Woodbridge members' equity

 

135,027 

 

157,920 

Noncontrolling interest

 

48,863 

 

43,252 

  Total equity

 

183,890 

 

201,172 

  Total liabilities and equity

$

1,094,300 

 

1,060,547 

 

Investment in venture and the adjustment to investment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Six Months Ended

 

 

June 30,

 

June 30,

 

 

2015

 

2014

 

2015

 

2014

 

 

 

 

 

 

 

 

 

Investment in Woodbridge - beginning of period

$

78,829 

 

84,795 

 

73,026 

 

78,573 

Equity earnings in Woodbridge

 

(10,168)

 

8,108 

 

(4,365)

 

14,330 

Dividends received from Woodbridge

 

(6,165)

 

(14,846)

 

(6,165)

 

(14,846)

Investment in Woodbridge - end of period

$

62,496 

 

78,057 

 

62,496 

 

78,057 

 

Condensed Statement Of Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Six Months Ended

 

 

June 30,

 

June 30,

 

 

2015

 

2014

 

2015

 

2014

Total revenues

$

154,074 

 

150,617 

 

282,504 

 

280,537 

Total costs and expenses (1)

 

164,556 

 

120,159 

 

270,045 

 

225,138 

Other income

 

1,123 

 

689 

 

2,189 

 

1,377 

Income from continuing operations before taxes

 

(9,359)

 

31,147 

 

14,648 

 

56,776 

Provision for income taxes

 

9,921 

 

11,441 

 

18,527 

 

20,586 

Net income

 

(19,280)

 

19,706 

 

(3,879)

 

36,190 

Net income attributable to noncontrolling interest

 

(2,825)

 

(2,080)

 

(5,611)

 

(5,038)

Net income attributable to Woodbridge

 

(22,105)

 

17,626 

 

(9,490)

 

31,152 

BBX Capital 46% equity earnings in Woodbridge

$

(10,168)

 

8,108 

 

(4,365)

 

14,330