XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Lease Incentives (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2018
Lease Incentives |
Summary of lease incentives by component | The following summarizes lease incentives by component as of September 30, 2018 and December 31, 2017 (in thousands):
|  |  | At September 30, 2018 |  |  | At December 31, 2017
Non-contingent lease incentives |  | $ | 14,883 |  | $ | 14,904
Contingent lease incentives |  |  | 6,219 |  |  | 6,577
Total |  | $ | 21,102 |  | $ | 21,481
Summary of lease incentive activity |
| Nine months ended September 30, |
| 2018 |  | 2017 |
|  | Funding |  |  | Amortization |  |  | Funding |  |  | Amortization |  |  | Write off |
Non-contingent lease incentives | $ | 1,272 |  | $ | (1,292) |  | $ | 5,713 |  | $ | (1,181) |  | $ | (1,205) | (1)
Contingent lease incentives (3) |  | — |  |  | (359) |  |  | — |  |  | (500) |  |  | (2,634) | (2)
Total | $ | 1,272 |  | $ | (1,651) |  | $ | 5,713 |  | $ | (1,681) |  | $ | (3,839) |
| (1) |  | Represents the write-off of lease incentives related to two MC communities due to negotiations to transition these properties to another operator in our portfolio.
| (2) |  | Represents the write-off of lease incentive related to an ALF community due to change to the business model at the property that resulted in lower net operating income and the improbability of paying the earn-out.
| (3) |  | Subsequent to September 30, 2018, we entered into an amended master lease agreement with Senior Lifestyle Management, LLC (“Senior Lifestyle”). Among the provisions of the amendment, the contingent lease incentive payable to Senior Lifestyle was removed. Therefore, subsequent to September 30, 2018, we will write-off the Senior Lifestyle contingent lease incentive of $6,219 and the related earn-out liability of $9,292 which will result in income of approximately $3,000.

X
- Definition Tabular disclosure of the entity's lease incentive activity. + References No definition available. + Details
Name: | ltc_ScheduleOfLeaseIncentiveActivityTableTextBlock
Namespace Prefix: | ltc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration