Investing Receivables |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investing Receivables | Investing Receivables Investing receivables consisted of the following (in thousands):
The balances above include accrued interest receivable, net of allowance for credit losses, of $2.5 million as of June 30, 2023 and $2.9 million as of December 31, 2022.
Our notes receivable from the City of Huntsville funded infrastructure costs in connection with our LW Redstone Company, LLC joint venture (see Note 6) and carry an interest rate of 9.95%. Our other investing loan receivable as of June 30, 2023 carries a stated interest rate of 12.0% and matures in 2024.
The fair value of these receivables was approximately $91 million as of June 30, 2023 and $87 million as of December 31, 2022.
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- Definition The entire disclosure for financing receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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