Quarterly report pursuant to Section 13 or 15(d)

Investing Receivables

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Investing Receivables
9 Months Ended
Sep. 30, 2015
Receivables [Abstract]  
Investing Receivables
Investing Receivables
 
Investing receivables, including accrued interest thereon, consisted of the following (in thousands):
 
 
September 30,
2015
 
December 31,
2014
Notes receivable from the City of Huntsville
$
43,821

 
$
49,147

Other investing loans receivable
3,000

 
3,000

 
$
46,821

 
$
52,147


 
Our notes receivable from the City of Huntsville funded infrastructure costs in connection with our LW Redstone Company, LLC joint venture (see Note 5) and carry an interest rate of 9.95%.

We did not have an allowance for credit losses in connection with our investing receivables as of September 30, 2015 or December 31, 2014.  The fair value of these receivables approximated their carrying amounts as of September 30, 2015 and December 31, 2014.