Other Long-Term Liabilities

12 Months Ended

Dec. 31, 2017

Other Long-Term Liabilities

Other Long-Term Liabilities

(9) Other Long-Term Liabilities

        Other long-term liabilities include the following:

	December 31, 2017			December 31, 2016
	(In thousands)
Net Deferred Tax Liabilities Related to IPR&D (Note 14)	$	3,772		$	28,054
Deferred Income From Sale of Tax Benefits		6,756			9,436
Other		1,344			2,091
Contingent Milestones (Note 4)		43,400			44,200
Deferred Revenue		2,813			3,749
Total		58,085			87,530
Less Current Portion		(6,566	)		(4,826	)
Long-Term Portion	$	51,519		$	82,704

        In November 2015, December 2014, January 2014 and January 2013, the Company received approval from the New Jersey Economic Development Authority and agreed to sell New Jersey tax benefits of $9.8 million, $1.9 million, $1.1 million and $0.8 million to an independent third party for $9.2 million, $1.8 million, $1.0 million and $0.8 million, respectively. Under the agreement, the Company must maintain a base of operations in New Jersey for five years or the tax benefits must be paid back on a pro-rata basis based on the number of years completed. During the years ended December 31, 2017, 2016 and 2015, the Company recorded $2.7 million, $2.8 million and $1.0 million to other income related to the sale of these tax benefits, respectively.