REVENUE RECOGNITION AND RELATED ALLOWANCES (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of disaggregation of revenue and revenue recognized

All revenue recognized in the accompanying unaudited interim condensed consolidated statements of operations is considered to be revenue from contracts with customers. The following table depicts the disaggregation of revenue:

	Three Months Ended
Products and Services	March 31, 2024		March 31, 2023
(in thousands)
Sales of generic pharmaceutical products	$	70,217	$	63,713
Sales of established brand pharmaceutical products, royalties, and other pharmaceutical services	30,276		26,743
Sales of rare disease pharmaceutical products	36,937		16,330
Total net revenues	$	137,430	$	106,786

	Three Months Ended
Timing of Revenue Recognition	March 31, 2024		March 31, 2023
(in thousands)
Performance obligations transferred at a point in time	$	137,430	$	106,411
Performance obligations transferred over time	—		375
Total	$	137,430	$	106,786

Schedule of accruals and allowances

The following table summarizes activity in the condensed consolidated balance sheets for accruals and allowances for the three months ended March 31, 2024 and 2023, respectively:

	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, 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
Balance at December 31, 2023	$	84,208	$	12,168	$	29,678	$	11,412	$	4,865
Accruals/Adjustments	131,097		5,952		12,521		14,811		5,635
Credits Taken Against Reserve	(137,779)		(8,611)		(9,346)		(13,085)		(5,641)
Balance at March 31, 2024 (1)	$	77,526	$	9,509	$	32,853	$	13,138	$	4,859

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(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

The four customers represent the total percentage of net revenues as follows:

	Three Months Ended
	March 31, 2024		March 31, 2023
Customer 1	34	%	33	%
Customer 2	13	%	15	%
Customer 3	10	%	14	%
Customer 4	13	%	7	%