Table:
|  | As of December 31, |  |
| --- | --- | --- |
|  | 2019 | 2018 |
| Contract Assets |  |  |
| Prepaid rebates included in Other current assets | $64 | $65 |
| Prepaid rebates included in Other assets | 1,853 | 999 |
| Total Contract Assets | $1,917 | $1,064 |
| Contract Liabilities |  |  |
| Customer discounts and price concessions included in Accrued expenses and other liabilities | $(2,070) | $(1,656) |
| Customer rights of return included in Accrued expenses and other liabilities | (807) | (325) |
| Total Contract Liabilities | $(2,877) | $(1,981) |
Paragraphs:
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
Contract Assets and Liabilities
Contract assets and liabilities included in our Consolidated Balance Sheets are as follows:
During the twelve months ended December 31, 2019, we recognized revenues of $256 that was included in contract liabilities at the beginning of the period.
Question:
What was the percentage change in total contract liabilities between 2018 and 2019?
Answer: (-2877-(-1981))/-1981 = 45.23