Other Long-Term Obligations

9 Months Ended

Sep. 30, 2019

Other Liabilities Disclosure [Abstract]

Other long-term obligations consist of the following (in thousands):



	September 30, 2019		December 31, 2018
Deferred income taxes	$	24,336	$	24,681
Product liability	14,083		13,865
Pension	6,649		6,670
Deferred gain on sale leaseback	5,896		6,124
Deferred compensation	5,178		5,577
Supplemental Executive Retirement Plan liability	5,141		5,250
Uncertain tax obligation including interest	2,149		2,140
Advance payment on sale of land & buildings	—		3,524
Convertible 2022 debt conversion liability	—		2,611
Convertible 2021 debt conversion liability	—		1,458
Other	4,011		3,065
Other Long-Term Obligations	$	67,443	$	74,965

The convertible debt conversion liability amounts included in the above table represent the fair values of the conversion liabilities as of September 30, 2019 and December 31, 2018. On May 16, 2019, the company received shareholder approval authorizing it to elect to settle future conversions of convertible notes in common shares. As a result of the shareholder approval, the conversion liabilities and note hedge assets may no longer be bifurcated and accounted for as separate derivatives and thus they are no longer accounted for by the company as separate long-term obligations. See "Long-Term Debt" in the notes to the Consolidated Financial Statements included elsewhere in this report for more detail.

On April 23, 2015, the company entered into a real estate sale leaseback transaction which resulted in the company recording an initial deferred gain of $7,414,000, the majority of which is included in Other Long-Term Obligations and will be recognized over the 20-year life of the leases. The gains realized were $74,000 and $220,000 for the for the three and nine months ended September 30, 2019 , respectively, compared to $71,000 and $212,000 for the three and nine months ended September 30, 2018, respectively.

In the third quarter of 2018, the company agreed to sell its Isny, Germany location with a net book value at the signing of the agreement of approximately $2,900,000. In accordance with the agreement, title will not transfer to the buyer until April 2020; however, the company received an advance payment for a portion of the proceeds, originally disclosed above and now reclassed as a short-term obligation in Accrued Expenses. The advance payment was reflected in the investing section of the Consolidated Statement of Cash Flows in the third quarter of 2018. The company will continue to record depreciation with respect to the Isny facility until control is transferred and expects to recognize a gain upon closing of the transaction when completed in 2020.