Quarterly report pursuant to Section 13 or 15(d)

Noncontrolling Interests

v3.21.1
Noncontrolling Interests
3 Months Ended
Mar. 31, 2021
Noncontrolling Interests [Abstract]  
Noncontrolling Interests

13. Noncontrolling Interests

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

March 31,

December 31,

2021

2020

Bluegreen (1)

$

23,185

$

22,821

Bluegreen/Big Cedar Vacations (2)

54,192

52,026

Total noncontrolling interests

$

77,377

$

74,847

(1)The Company owns approximately 93% of Bluegreen as of March 31, 2021.

(2)Bluegreen owns 51% of Bluegreen/Big Cedar Vacations.

During the three months ended March 31, 2021, Bluegreen did not repurchase or retire any shares of its common stock. During the three months ended March 31, 2020, Bluegreen repurchased 1,878,400 shares of its common stock for $11.7 million, in a private transaction and retired those shares.

Income attributable to noncontrolling interests from continuing operations consisted of the following (in thousands):

For the Three Months Ended

March 31,

2021

2020

Bluegreen

$

364

$

215

Bluegreen/Big Cedar Vacations

2,166

736

Net income attributable to noncontrolling interest - continuing operations

$

2,530

$

951