XML 27 R15.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Investing Receivables | 6 Months Ended
--- | ---
Jun. 30, 2024
Receivables [Abstract] |
Investing Receivables | Investing Receivables Investing receivables consisted of the following (in thousands):
| June 30, 2024 |  | December 31, 2023
Notes receivable from the City of Huntsville | $ | 79,968 |  |  | $ | 77,022 |
Other investing loan receivable | 6,865 |  |  | 6,867 |
Amortized cost basis | 86,833 |  |  | 83,889 |
Allowance for credit losses | (2,746) |  |  | (2,377) |
Investing receivables, net | $ | 84,087 |  |  | $ | 81,512 |
The balances above include accrued interest receivable, net of allowance for credit losses, of $2.7 million as of June 30, 2024 and $6.0 million as of December 31, 2023. 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, 2024 carries a stated interest rate of 12.0% and matures in 2024. The fair value of these receivables was approximately $87 million as of June 30, 2024 and $84 million as of December 31, 2023.

X
- Definition The entire disclosure for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481933/310-10-55-12A Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-42 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 44 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-44 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-20/tableOfContent + Details
Name: | us-gaap_FinancingReceivablesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration