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REVENUE RECOGNITION AND RELATED ALLOWANCES (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of disaggregation of revenue and revenue recognized
All revenue recognized in the accompanying consolidated statements of operations is considered to be revenue from contracts with customers. The following table depicts the disaggregation of revenue:
Products and ServicesYears Ended December 31,
(in thousands)2023 20222021
Sales of generic pharmaceutical products$269,449 $210,121 $143,571 
Sales of established brand pharmaceutical products, royalties, and other pharmaceutical services105,250 64,578 72,565 
Sales of rare disease pharmaceutical products112,117 41,686 — 
Total net revenues$486,816 $316,385 $216,136 
Timing of Revenue RecognitionYears Ended December 31,
(in thousands)2023 20222021
Performance obligations transferred at a point in time$486,441 $313,436 $214,826 
Performance obligations transferred over time375 2,949 1,310 
Total$486,816 $316,385 $216,136 
Schedule of accruals and allowances
The following table summarizes activity in the consolidated balance sheets for accruals and allowances for the years ended December 31, 2023, 2022, and 2021:
Accruals for Chargebacks, Returns, and Other Allowances
(in thousands)Chargebacks Government
Rebates		 Returns Administrative
Fees and Other
Rebates		 Prompt
Payment
Discounts
Balance at December 31, 2021 (1)$94,066 $5,492 $35,831 $13,100 $4,642 
Accruals/Adjustments642,409 20,657 23,252 42,044 21,302 
Credits Taken Against Reserve(587,913)(15,277)(25,684)(45,702)(19,456)
Balance at December 31, 2022 (1)$148,562 $10,872 $33,399 $9,442 $6,488 
Accruals/Adjustments586,511 23,915 18,360 55,798 22,932 
Credits Taken Against Reserve(650,865)(22,619)(22,081)(53,828)(24,555)
Balance at December 31, 2023 (1)$84,208 $12,168 $29,678 $11,412 $4,865 
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(1)Chargebacks are included as an offset to accounts receivable, net of chargebacks and other allowances in the consolidated balance sheets. Administrative Fees and Other Rebates and Prompt Payment Discounts are included as a reduction to accounts receivable, net of chargebacks and other allowances or accrued expenses and other in the consolidated balance sheets. Returns are included in returned goods reserve in the consolidated balance sheets. Government Rebates are included in accrued government rebates in the consolidated balance sheets.
Schedule of customer concentration
The four customers represent the total percentage of net revenues as follows:
Years Ended December 31,
202320222021
Customer 131 %26 %29 %
Customer 213 %18 %23 %
Customer 313 %15 %16 %
Customer 412 %6 %— %