XML 27 R15.htm IDEA: XBRL DOCUMENT v3.22.2.2
Investing Receivables
 9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Investing Receivables Investing Receivables
 
Investing receivables consisted of the following (in thousands): 
September 30,
2022		December 31, 2021
Notes receivable from the City of Huntsville$83,636 $77,784 
Other investing loans receivable22,642 6,041 
Amortized cost basis106,278 83,825 
Allowance for credit losses(3,728)(1,599)
Investing receivables, net$102,550 $82,226 
 
The balances above include accrued interest receivable, net of allowance for credit losses, of $4.4 million as of September 30, 2022 and $5.3 million as of December 31, 2021.

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 loans receivable as of September 30, 2022 carry interest rates ranging from 8.0% to 14.0% and mature within one year.

The fair value of these receivables was approximately $108 million as of September 30, 2022 and $84 million as of December 31, 2021.