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Accounts Receivable
6 Months Ended
Dec. 31, 2016
Accounts Receivable  
Accounts Receivable

 

Note 6.  Accounts Receivable

 

Accounts receivable consisted of the following components at December 31, 2016 and June 30, 2016:

 

(In thousands)

 

December 31,
2016

 

June 30,
2016

 

Gross accounts receivable

 

$

402,901

 

$

388,460

 

Less Chargebacks reserve

 

(82,285

)

(86,495

)

Less Rebates reserve

 

(39,062

)

(32,189

)

Less Returns reserve

 

(44,608

)

(40,593

)

Less Other deductions

 

(13,329

)

(16,851

)

Less Allowance for doubtful accounts

 

(631

)

(610

)

 

 

 

 

 

 

Accounts receivable, net

 

$

222,986

 

$

211,722

 

 

 

 

 

 

 

 

 

 

For the three months ended December 31, 2016, the Company recorded a provision for chargebacks, rebates (including rebates presented as rebates payable), returns and other deductions of $217.7 million, $73.5 million, $7.9 million, and $13.9 million, respectively.  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 six months ended December 31, 2016, the Company recorded a provision for chargebacks, rebates (including rebates presented as rebates payable), returns, and other deductions of $416.2 million, $143.0 million, $14.7 million, and $29.3 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.