Other Long-Term Liabilities

3 Months Ended

Mar. 31, 2018

Other Long-Term Liabilities

Other Long-Term Liabilities

(7) Other Long-Term Liabilities

Other long-term liabilities include the following:

	March 31, 2018			December 31, 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	1,267			1,344
Contingent Milestones (Note 4)	29,800			43,400
Deferred Revenue (Note 11)	1,413			2,813
Total	41,889			58,085
Less Current Portion	(8,607		)	(6,566		)
Long-Term Portion	$	33,282		$	51,519

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 three months ended March 31, 2018 and 2017, the Company recorded $0.4 million and $0.5 million to other income related to the sale of these tax benefits, respectively.