OTHER ASSETS

At December 31, 2017 and 2016, other assets included the following (in thousands):



	2017		2016
Furniture, fixtures and equipment, leasehold improvements, and other deferred costs, net of accumulated depreciation of $21,925 and $23,135 in 2017 and 2016, respectively	$	12,241	$	15,773
Prepaid expenses and other assets	3,902		8,432
Lease inducements, net of accumulated amortization of $978 and $1,278 in 2017 and 2016, respectively	3,126		2,517
Line of credit deferred financing costs, net of accumulated amortization of $3,119 and $2,264 in 2017 and 2016, respectively	1,213		2,182
Predevelopment costs and earnest money	372		179
	$	20,854	$	29,083

Lease inducements are incentives paid to tenants in conjunction with leasing space, such as moving costs, sublease arrangements of prior space and other costs. These amounts are amortized into rental revenues over the individual underlying lease terms.

Predevelopment costs represent amounts that are capitalized related to predevelopment projects that the Company determined are probable of future development.