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Long-term Obligations
 9 Months Ended
Sep. 30, 2019
Long-term Obligations  
Long-term Obligations

7.            Long-term Obligations

Total long-term obligations of the Company as of September 30, 2019 and December 31, 2018 consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

    

September 30, 

    

December 31, 

 

 

2019

 

2018

Pension obligations - accrued pension liability

 

$

2,781

 

$

2,591

Settlement agreement (1)

 

 

748

 

 

1,010

Capital lease obligations

 

 

256

 

 

574

Microsoft licenses (2)

 

 

 —

 

 

355

Deferred lease payments

 

 

 —

 

 

489

Lease incentive liability

 

 

 —

 

 

572

 

 

 

3,785

 

 

5,591

Less: Current portion of long-term obligations

 

 

699

 

 

1,529

Totals

 

$

3,086

 

$

4,062

(1)

Represents payment to be made pursuant to a settlement agreement between a subsidiary of the Company and 19 former employees of such subsidiary in December of 2018. The balance is payable in monthly installments through March 2023.

(2)

In March 2017, the Company renewed a vendor agreement to acquire certain additional software licenses and to receive support and subsequent software upgrades on these and other currently owned software licenses through February 2020. Pursuant to this agreement, the Company is obligated to pay approximately $0.4 million annually over the term of the agreement.