Receivables

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

Receivables

5. Receivables

Receivable balances related to the Land Note receivable (see Note 1) and the Telesat consulting services fee (see Note 17) as of March 31, 2013 and December 31, 2012 are presented below (in thousands):

	March 31, 2013		December 31, 2012
Land Note receivable	$	101,000	$	101,000
Telesat notes receivable for consulting services		2,522		1,250
		103,522		102,250
Less: current portion		(69,855)		(34,917)
Long-term receivables	$	33,667	$	67,333

As a result of the amendment to the Purchase Agreement on March 28, 2013, principal payments under the Land Note are scheduled to be received as follows: $67.3 million on March 31, 2014 and $33.7 million on March 31, 2015. Interest on the Land Note ranges between one and one and one-half percent per annum and is payable quarterly.

See Note 17 for the terms of the Telesat notes receivable for consulting services.