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DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Schedule of Valuation and Qualifying Accounts Disclosure
The following table summarizes activity in the consolidated balance sheets for accruals and allowances for the years ended December 31, 2017, 2016, and 2015:
 
 
 
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, 2014
 
$
6,865
 
$
2,264
 
$
1,445
 
$
1,487
 
$
471
 
Accruals/Adjustments
 
 
51,933
 
 
6,719
 
 
2,808
 
 
6,136
 
 
2,744
 
Credits Taken Against Reserve
 
 
(47,417)
 
 
(4,352)
 
 
(1,605)
 
 
(5,970)
 
 
(2,541)
 
Balance at December 31, 2015
 
$
11,381
 
$
4,631
 
$
2,648
 
$
1,653
 
$
674
 
Accruals/Adjustments
 
 
114,433
 
 
9,671
 
 
10,271
 
 
12,747
 
 
5,517
 
Credits Taken Against Reserve
 
 
(99,029)
 
 
(8,411)
 
 
(7,163)
 
 
(10,850)
 
 
(4,637)
 
Balance at December 31, 2016
 
$
26,785
 
$
5,891
 
$
5,756
 
$
3,550
 
$
1,554
 
Accruals/Adjustments
 
 
179,297
 
 
12,237
 
 
12,184
 
 
24,037
 
 
8,126
 
Credits Taken Against Reserve
 
 
(177,852)
 
 
(10,198)
 
 
(9,666)
 
 
(22,361)
 
 
(7,846)
 
Balance at December 31, 2017
 
$
28,230
 
$
7,930
 
$
8,274
 
$
5,226
 
$
1,834
 
Schedule of Earnings Per Share, Basic and Diluted
The numerator for earnings per share for the years ended December 31, 2017, 2016, and 2015 are calculated for basic and diluted earnings (loss) per share as follows:
 
 
 
Basic
 
Diluted
 
 
 
Year Ended December 31,
 
Year Ended December 31,
 
(in thousands, except per share amounts)
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
 
Net (loss)/income
 
$
(1,076)
 
$
3,934
 
$
15,375
 
$
(1,076)
 
$
3,934
 
$
15,375
 
Net income allocated to restricted stock
 
 
-
 
 
(21)
 
 
(85)
 
 
-
 
 
(21)
 
 
(84)
 
Net (loss)/income allocated to common shares
 
$
(1,076)
 
$
3,913
 
$
15,290
 
$
(1,076)
 
$
3,913
 
$
15,291
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic Weighted-Average Shares Outstanding
 
 
11,547
 
 
11,445
 
 
11,370
 
 
11,547
 
 
11,445
 
 
11,370
 
Dilutive effect of stock options and ESPP
 
 
 
 
 
 
 
 
 
 
 
-
 
 
128
 
 
187
 
Diluted Weighted-Average Shares Outstanding
 
 
 
 
 
 
 
 
 
 
 
11,547
 
 
11,573
 
 
11,557
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Loss)/Earnings per share
 
$
(0.09)
 
$
0.34
 
$
1.34
 
$
(0.09)
 
$
0.34
 
$
1.32