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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Mar. 31, 2013
Summary of Significant Accounting Policies  
Summary of the activity of reserve for each of the major category of revenue allowance

For the nine months ended March 31, 2013

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Reserve Category

 

Chargebacks

 

Rebates

 

Returns

 

Other

 

Total

 

Reserve Balance as of July 1, 2012

 

$

7,063

 

$

4,436

 

$

5,540

 

$

 

$

17,039

 

 

 

 

 

 

 

 

 

 

 

 

 

Actual credit issued related to sales recorded in prior fiscal years

 

(6,586

)

(4,434

)

(2,521

)

(66

)

(13,607

)

 

 

 

 

 

 

 

 

 

 

 

 

Reserve or (reversal) charged during Fiscal 2013 related to sales in prior fiscal years

 

(463

)

139

 

 

66

 

(258

)

 

 

 

 

 

 

 

 

 

 

 

 

Reserve charged to net sales during Fiscal 2013 related to sales recorded in Fiscal 2013

 

52,006

 

17,467

 

3,363

 

2,801

 

75,637

 

 

 

 

 

 

 

 

 

 

 

 

 

Actual credit issued related to sales recorded in Fiscal 2013

 

(45,542

)

(13,918

)

 

(2,801

)

(62,261

)

 

 

 

 

 

 

 

 

 

 

 

 

Reserve Balance as of March 31, 2013

 

$

6,478

 

$

3,690

 

$

6,382

 

$

 

$

16,550

 

 

For the nine months ended March 31, 2012

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Reserve Category 

 

Chargebacks

 

Rebates

 

Returns

 

Other

 

Total

 

Reserve Balance as of July 1, 2011

 

$

5,497

 

$

2,925

 

$

5,142

 

$

 

$

13,564

 

 

 

 

 

 

 

 

 

 

 

 

 

Actual credit issued related to sales recorded in prior fiscal years

 

(5,350

)

(3,084

)

(3,426

)

(152

)

(12,012

)

 

 

 

 

 

 

 

 

 

 

 

 

Reserve or (reversal) charged during Fiscal 2012 related to sales in prior fiscal years

 

(54

)

158

 

 

152

 

256

 

 

 

 

 

 

 

 

 

 

 

 

 

Reserve charged to net sales during Fiscal 2012 related to sales recorded in Fiscal 2012

 

50,392

 

15,405

 

3,567

 

488

 

69,852

 

 

 

 

 

 

 

 

 

 

 

 

 

Actual credit issued related to sales recorded in Fiscal 2012

 

(44,092

)

(11,686

)

 

(488

)

(56,266

)

 

 

 

 

 

 

 

 

 

 

 

 

Reserve Balance as of March 31, 2012

 

$

6,393

 

$

3,718

 

$

5,283

 

$

 

$

15,394

 

Summary of net product sales by medical indication

(In thousands)

 

For the Three Months Ended
March 31,

 

For the Nine Months Ended
March 31,

 

Medical Indication

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Antibiotic

 

$

3,496

 

$

1,662

 

$

6,267

 

$

4,798

 

Cardiovascular

 

6,988

 

6,050

 

21,356

 

11,512

 

Gallstone

 

1,390

 

1,419

 

4,676

 

4,286

 

Glaucoma

 

1,627

 

993

 

4,608

 

3,093

 

Gout

 

1,776

 

110

 

2,907

 

482

 

Migraine Headache

 

1,299

 

1,442

 

3,995

 

4,601

 

Obesity

 

1,074

 

979

 

3,488

 

2,570

 

Pain Management

 

4,980

 

4,043

 

14,752

 

14,609

 

Thyroid Deficiency

 

14,024

 

12,543

 

42,135

 

36,788

 

Other

 

2,368

 

1,447

 

6,696

 

4,561

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

39,022

 

$

30,688

 

$

110,880

 

$

87,300

 

Summary of products which accounted for at least 10% of net sales

 

 

For the Three Months Ended
March 31,

 

For the Nine Months Ended
March 31,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Product 1

 

36

%

41

%

38

%

42

%

Product 2

 

12

%

11

%

11

%

4

%

Product 3

 

10

%

6

%

9

%

9

%

Summary of customers which accounted for at least 10% of net sales

 

 

For the Three Months Ended
March 31,

 

For the Nine Months Ended
March 31,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Customer A

 

16

%

16

%

16

%

18

%

Customer B

 

11

%

10

%

12

%

11

%

Customer C

 

10

%

9

%

10

%

12

%

Customer D

 

9

%

11

%

8

%

10

%