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Accounts Receivable
12 Months Ended
Jun. 30, 2014
Accounts Receivable  
Accounts Receivable

Note 3.  Accounts Receivable

 

Accounts receivable consisted of the following components at June 30, 2014 and 2013:

 

(In thousands)

 

June 30,
2014

 

June 30,
2013

 

Gross accounts receivable

 

$

113,420

 

$

43,923

 

Less Chargebacks reserve

 

(30,320

)

(7,267

)

Less Rebates reserve

 

(10,532

)

(2,513

)

Less Returns reserve

 

(9,341

)

(6,689

)

Less Other deductions

 

(1,787

)

(1,000

)

Less Allowance for doubtful accounts

 

(115

)

(41

)

Account receivable, net

 

$

61,325

 

$

26,413

 

 

For the fiscal year ended June 30, 2014, the Company recorded a provision for chargebacks, rebates, returns, and other deductions of $144.6 million, $56.3 million, $6.6 million, and $21.5 million, respectively.  For the fiscal year ended June 30, 2013, the Company recorded a provision for chargebacks, rebates, returns, and other deductions of $67.9 million, $23.7 million, $4.5 million, and $10.2 million, respectively.  For the fiscal year ended June 30, 2012, the Company recorded a provision for chargebacks, rebates, returns, and other deductions of $68.4 million, $21.2 million, $4.7 million, and $6.8 million, respectively.