Lease Incentives (Tables)

9 Months Ended

Sep. 30, 2020

Lease Incentives

Summary of lease incentives by component

Our lease incentive balances at September 30, 2020 and December 31, 2019 are as follows (in thousands):

		September 30, 2020		December 31, 2019
Non-contingent lease incentives	$	2,401	$	2,552

Summary of lease incentive activity

The following table summarizes our lease incentives activity for the nine months ended September 30, 2020 and 2019 (in thousands):

	2020							2019
		Funding		Amortization		Adjustment			Funding		Amortization		Adjustment
Non-contingent lease incentives	$	50	$	(317)	$	115	(1)	$	322	$	(281)	$	(11,893)	(2)

(1) We reclassified a $300 interim working capital loan as lease incentive. See Note 4. Notes Receivable for further discussion. Additionally, we wrote-off $185 of lease incentive related to a master lease for which we determined it was not probable we will collect substantially all of the contractual lease obligations through maturity. See Note 2. Real Estate Investments for further discussion.

(2) In accordance with ASC 842 lease standard adopted on January 1, 2019, we wrote-off $12,093 of lease incentives related to leases for which we determined it is not probable we will collect substantially all of the contractual lease obligation through maturity. See Note 1. General for further discussion. Additionally, we reclassified a $200 interim working capital loan as lease incentive. See Note 4. Notes Receivable for further discussion.