Other Long-Term Liabilities

9 Months Ended

Sep. 30, 2018

Other Long-Term Liabilities

Other Long-Term Liabilities

(6) Other Long-Term Liabilities

Other long-term liabilities include the following:

	September 30,		December 31,
	2018		2017
	(In thousands)
Net Deferred Tax Liabilities Related to IPR&D (Note 12)	$	3,007	$	3,772
Deferred Income From Sale of Tax Benefits		6,402		6,756
Other		1,305		1,344
Contingent Milestones (Note 4)		15,432		43,400
Deferred Revenue (Note 11)		2,082		2,813
Total		28,228		58,085
Less Current Portion		(4,926)		(6,566)
Long-Term Portion	$	23,302	$	51,519

In November 2015, December 2014 and January 2014, 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 and $1.1 million to an independent third party for $9.2 million, $1.8 million and $1.0 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. The Company recognized $0.0 million and $0.4 million in other income related to the sale of these tax benefits during the three and nine months ended September 30, 2018, respectively, and $0.0 million and $0.5 million during the three and nine months ended September 30, 2017, respectively.