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Accounts Receivable
12 Months Ended
Jun. 30, 2015
Accounts Receivable  
Accounts Receivable

 

Note 4.  Accounts Receivable

 

Accounts receivable consisted of the following components at June 30, 2015 and 2014:

 

(In thousands)

 

June 30,
2015

 

June 30,
2014

 

Gross accounts receivable

 

$

160,960

 

$

113,420

 

Less Chargebacks reserve

 

(35,801

)

(30,320

)

Less Rebates reserve

 

(12,945

)

(10,532

)

Less Returns reserve

 

(19,209

)

(9,341

)

Less Other deductions

 

(1,528

)

(1,787

)

Less Allowance for doubtful accounts

 

(374

)

(115

)

 

 

 

 

 

 

Account receivable, net

 

$

91,103

 

$

61,325

 

 

 

 

 

 

 

 

 

 

For the fiscal year ended June 30, 2015, the Company recorded a provision for chargebacks, rebates, returns, and other deductions of $338.7 million, $83.4 million, $17.7 million, and $30.7 million, respectively.  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.