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Receivables
6 Months Ended
Jun. 30, 2014
Receivables [Abstract]  
Receivables

 

4. Receivables

 

The receivables balance related to the Land Note (see Note 1) as of June 30, 2014 and December 31, 2013 is presented below (in thousands):

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

2014

 

2013

Land Note receivable

$

33,667 

 

$

101,000 

Less: current portion

 

(33,667)

 

 

(67,333)

Long-term receivable

$

         —

 

$

33,667 

 

 

The principal amount under the Land Note of $33.7 million as of June 30, 2014 is scheduled to be received on March 31, 2015. Interest on this principal amount is one percent per annum and is payable quarterly.