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Accounts Receivable
12 Months Ended
Jun. 30, 2018
Accounts Receivable  
Accounts Receivable

 

Note 4.  Accounts Receivable

 

Accounts receivable consisted of the following components at June 30, 2018 and 2017:

 

(In thousands)

 

June 30,
2018

 

June 30,
2017

 

Gross accounts receivable

 

$

503,175

 

$

380,653

 

Less Chargebacks reserve

 

(153,034

)

(79,537

)

Less Rebates reserve

 

(33,102

)

(43,023

)

Less Returns reserve

 

(43,059

)

(42,135

)

Less Other deductions

 

(20,021

)

(11,096

)

Less Allowance for doubtful accounts

 

(1,308

)

(796

)

 

 

 

 

 

 

Accounts receivable, net

 

$

252,651

 

$

204,066

 

 

 

 

 

 

 

 

 

 

For the fiscal year ended June 30, 2018, the Company recorded a provision for chargebacks, rebates, returns and other deductions of $1.1 billion, $296.8 million, $24.0 million and $69.9 million, respectively.  For the fiscal year ended June 30, 2017, the Company recorded a provision for chargebacks, rebates, returns and other deductions of $881.3 million, $297.0 million, $25.4 million and $53.4 million, respectively.  For the fiscal year ended June 30, 2016, the Company recorded a provision for chargebacks, rebates, returns and other deductions of $646.9 million, $189.2 million, $21.3 million and $50.0 million, respectively.