Bluegreen Vacations Holding Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Noncontrolling Interests And Redeemable Noncontrolling Interest

Noncontrolling Interests And Redeemable Noncontrolling Interest

6 Months Ended

Jun. 30, 2018

Noncontrolling Interests And Redeemable Noncontrolling Interest [Abstract]

Noncontrolling Interests And Redeemable Noncontrolling Interest

13. Noncontrolling Interests and Redeemable Noncontrolling Interest

Noncontrolling interests in the Company’s consolidated subsidiaries consisted of the following (in thousands):



		June 30,	December 31,
		2018	2017
Bluegreen (1)	$	41,798	39,271
Bluegreen / Big Cedar Vacations (2)		48,945	43,021
Joint ventures and other		886	(238)
Total noncontrolling interests	$	91,629	82,054

The redeemable noncontrolling interest included in the Company’s condensed consolidated statements of financial condition is comprised of a redeemable noncontrolling interest associated with IT’SUGAR. The Company owns 90.4% of IT’SUGAR’s Class B Units, while the remaining 9.6% of such units are held by a noncontrolling interest and may be redeemed for cash at the holder’s option upon a contingent event outside of the Company’s control.

Income (loss) attributable to noncontrolling interests, including redeemable noncontrolling interests, consisted of the following (in thousands):



		For the Three Months Ended		For the Six Months Ended
		June 30,		June 30,
		2018	2017	2018	2017
Bluegreen (1)	$	2,671	-	4,769	-
Bluegreen / Big Cedar Vacations (2)		3,317	3,519	5,924	6,166
Joint ventures and other		(30)	(66)	(175)	(76)
Net income attributable to noncontrolling interests	$	5,958	3,453	10,518	6,090

(1)

Subsequent to Bluegreen’s IPO in November 2017, the Company owns 90% of Bluegreen.

(2)

Bluegreen has a joint venture arrangement pursuant to which it owns 51% of Bluegreen/Big Cedar Vacations.