Other Long-Term Liabilities

3 Months Ended

Mar. 31, 2019

(8) Other Long-Term Liabilities

Other long-term liabilities include the following:


	March 31, 2019		December 31, 2018
	(In thousands)
Net Deferred Tax Liabilities Related to IPR&D (Note 13)	$	3,007	$	3,007
Deferred Income From Sale of Tax Benefits		4,014		4,218
Other		—		1,083
Contingent Milestones (Note 3)		15,298		13,779
Deferred Revenue (Note 12)		754		1,586
Total		23,073		23,673
Less Current Portion		(2,777)		(4,526)
Long-Term Portion	$	20,296	$	19,147

In November 2015 and December 2014, the Company received approval from the New Jersey Economic Development Authority and agreed to sell New Jersey tax benefits of $9.8 million and $1.9 million to an independent third party for $9.2 million and $1.8 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. The Company recognized $0.2 million and $0.4 million in other income related to the sale of these tax benefits during the three months ended March 31, 2019 and 2018, respectively.