Other Long-Term Liabilities

9 Months Ended

Sep. 30, 2012

Other Long-Term Liabilities

Other Long-Term Liabilities

(8) Other Long-Term Liabilities

Other long-term liabilities include the following:

	September 30, 2012			December 31, 2011
	(In thousands)
Deferred Rent	$	434		$	435
Net Deferred Tax Liability	4,661			4,661
Deferred Income from Sale of Tax Benefits	1,118			510
Loan Payable	486			527
Other	65			52
Total	6,764			6,185
Less Current Portion	(399		)	(219		)
Long-Term Portion	$	6,365		$	5,966

In January 2012 and 2011, the Company received approval from the New Jersey Economic Development Authority and agreed to sell New Jersey tax benefits worth $0.8 million and $0.6 million to an independent third party for $0.7 million and $0.5 million, respectively.  Under the agreement, the Company must maintain a base of operations in NJ 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 nine months ended September 30, 2012, the Company recorded $0.1 million to other income related to the sale of these tax benefits.