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

9 Months Ended

Sep. 30, 2020

Noncontrolling Interests And Redeemable Noncontrolling Interest [Abstract]

Noncontrolling Interests And Redeemable Noncontrolling Interest

10. Noncontrolling Interests and Redeemable Noncontrolling Interest

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



	September 30,		December 31,
	2020		2019
Bluegreen ⁽¹⁾	$	22,320		39,740
Bluegreen / Big Cedar Vacations⁽²⁾		53,555		49,534
Other ⁽³⁾		—		1,001
Total noncontrolling interests	$	75,875		90,275

During the nine months ended September 30, 2020, Bluegreen repurchased and retired 1,878,400 shares of its common stock for $11.7 million.

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



	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Bluegreen ⁽¹⁾	$	713		1,962		293		2,346
Bluegreen / Big Cedar Vacations ⁽²⁾		2,644		2,248		4,021		9,095
Net income (loss) attributable to noncontrolling interests - continuing operations	$	3,357		4,210		4,314		11,441

(1)As a result of Bluegreen’s IPO during the fourth quarter of 2017 and subsequent share repurchases in 2018 and 2020, the Company owned approximately 93% of Bluegreen as of September 30, 2020. Bluegreen was a wholly-owned subsidiary of the Company immediately prior to the Bluegreen IPO.

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

(3)Reflects the spin-off of BBX Capital on September 30, 2020.