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Accounts Receivable
6 Months Ended
Dec. 31, 2014
Accounts Receivable  
Accounts Receivable

 

Note 4.  Accounts Receivable

 

Accounts receivable consisted of the following components at December 31, 2014 and June 30, 2014:

 

                                                                                                                                                                                    

(In thousands)

 

December 31,
2014

 

June 30,
2014

 

Gross accounts receivable

 

$

164,974

 

$

113,420

 

Less Chargebacks reserve

 

(47,124

)

(30,320

)

Less Rebates reserve

 

(10,329

)

(10,532

)

Less Returns reserve

 

(14,292

)

(9,341

)

Less Other deductions

 

(2,436

)

(1,787

)

Less Allowance for doubtful accounts

 

(148

)

(115

)

Accounts receivable, net

 

$

90,645

 

$

61,325

 

 

For the three months ended December 31, 2014, the Company recorded a provision for chargebacks, rebates (including rebates presented as rebates payable), returns, and other deductions of $100.1 million, $21.2 million, $4.2 million, and $6.1 million, respectively.  For the three months ended December 31, 2013, the Company recorded a provision for chargebacks, rebates (including rebates presented as rebates payable), returns, and other deductions of $27.5 million, $12.5 million, $2.0 million, and $13.8 million, respectively.

 

For the six months ended December 31, 2014, the Company recorded a provision for chargebacks, rebates (including rebates presented as rebates payable), returns, and other deductions of $178.0 million, $39.8 million, $8.3 million, and $15.1 million, respectively.  For the six months ended December 31, 2013, the Company recorded a provision for chargebacks, rebates (including rebates presented as rebates payable), returns, and other deductions of $45.2 million, $20.0 million, $3.2 million, and $17.7 million, respectively.