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Accounts Receivable
6 Months Ended
Dec. 31, 2015
Accounts Receivable  
Accounts Receivable

 

Note 5.  Accounts Receivable

 

Accounts receivable consisted of the following components at December 31, 2015 and June 30, 2015:

 

(In thousands)

 

December 31,
2015

 

June 30,
2015

 

Gross accounts receivable

 

$

405,321

 

$

160,960

 

Less Chargebacks reserve

 

(85,958

)

(35,801

)

Less Rebates reserve

 

(36,098

)

(12,945

)

Less Returns reserve

 

(38,172

)

(19,209

)

Less Other deductions

 

(9,565

)

(1,528

)

Less Allowance for doubtful accounts

 

(522

)

(374

)

 

 

 

 

 

 

Accounts receivable, net

 

$

235,006

 

$

91,103

 

 

 

 

 

 

 

 

 

 

For the three months ended December 31, 2015, the Company recorded a provision for chargebacks, rebates (including rebates presented as rebates payable), returns, and other deductions of $151.0 million, $42.4 million, $7.1 million, and $8.9 million, respectively.  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 six months ended December 31, 2015, the Company recorded a provision for chargebacks, rebates (including rebates presented as rebates payable), returns, and other deductions of $239.6 million, $70.2 million, $10.8 million, and $15.3 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.