REVENUE RECOGNITION AND RELATED ALLOWANCES (Tables)

3 Months Ended

Mar. 31, 2023

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)	2023		2022
Sales of generic pharmaceutical products	$	63,713	$	49,107
Sales of established brand pharmaceutical products, royalties, and other pharmaceutical services		26,743		14,078
Sales of rare disease pharmaceutical products		16,330		1,292
Total net revenues	$	106,786	$	64,477

	Three Months Ended
Timing of Revenue Recognition	March 31,		March 31,
(in thousands)	2023		2022
Performance obligations transferred at a point in time	$	106,411	$	63,911
Performance obligations transferred over time		375		566
Total	$	106,786	$	64,477

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, 2023 and 2022, 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, 2021	$	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
Balance at December 31, 2022	$	148,562	$	10,872	$	33,399	$	9,442	$	6,488
Accruals/Adjustments		146,113		4,461		4,640		12,026		5,483
Credits Taken Against Reserve		(193,859)		(6,726)		(3,931)		(12,018)		(6,538)
Balance at March 31, 2023 (1)	$	100,816	$	8,607	$	34,108	$	9,450	$	5,433

(1) Chargebacks and Prompt Payment Discounts are included as an offset to accounts receivable in the unaudited interim condensed consolidated balance sheets. Administrative Fees and Other Rebates 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,
	2023		2022
Customer 1	33	%	31	%
Customer 2	15	%	19	%
Customer 3	14	%	14	%