REVENUE RECOGNITION AND RELATED ALLOWANCES (Tables)

3 Months Ended

Mar. 31, 2022

REVENUE RECOGNITION AND RELATED ALLOWANCES

Schedule of disaggregation of revenue and revenue recognized

	Three Months Ended
Products and Services	March 31,		March 31,
(in thousands)	2022		2021
Sales of generic pharmaceutical products	$	49,107	$	32,988
Sales of established brand pharmaceutical products		8,452		7,517
Sales of rare disease pharmaceutical products		1,292		—
Sales of contract manufactured products		2,904		2,573
Royalties from licensing agreements		1,903		11,210
Product development services		566		158
Other		253		75
Total net revenues	$	64,477	$	54,521

Three Months Ended

Timing of Revenue Recognition	March 31,		March 31,
(in thousands)	2022		2021
Performance obligations transferred at a point in time	$	63,911	$	54,363
Performance obligations transferred over time		566		158
Total	$	64,477	$	54,521

Schedule of accruals and allowances

The following table summarizes activity in the consolidated balance sheets for accruals and allowances for the three months ended March 31, 2022 and 2021, respectively:

	Accruals for Chargebacks, Returns, and Other Allowances
							Administrative		Prompt
			Government				Fees and Other		Payment
(in thousands)	Chargebacks		Rebates		Returns		Rebates		Discounts
Balance at December 31, 2020 (1)	$	88,746	$	7,826	$	27,155	$	8,906	$	3,839
Accruals/Adjustments		96,701		4,656		4,811		7,634		3,196
Credits Taken Against Reserve		(114,114)		(3,810)		(3,022)		(9,184)		(3,959)
Balance at March 31, 2021 (1)	$	71,333	$	8,672	$	28,944	$	7,356	$	3,076
Balance at December 31, 2021 (1)	$	94,066	$	5,492	$	35,831	$	13,100	$	4,642
Accruals/Adjustments		152,566		2,810		6,942		9,785		5,060
Credits Taken Against Reserve		(142,991)		(3,745)		(7,219)		(10,915)		(4,539)
Balance at March 31, 2022 (1)	$	103,641	$	4,557	$	35,554	$	11,970	$	5,163

(1) Chargebacks are included as an offset to accounts receivable in the unaudited interim condensed consolidated balance sheets. Administrative Fees and Other Rebates and Prompt Payment Discounts are included as an offset

to accounts receivable or as accrued expenses and other in the unaudited interim condensed consolidated balance sheets. Returns are included in returned goods reserve in the unaudited interim condensed consolidated balance sheets. Government Rebates are included in accrued government rebates in the unaudited interim condensed consolidated balance sheets.

Schedule of customer concentration

	Three Months Ended
	March 31,		March 31,
	2022		2021
Customer 1	31	%	28	%
Customer 2	19	%	24	%
Customer 3	14	%	16	%