Accounts Receivable (Tables)

9 Months Ended

Mar. 31, 2019

Accounts Receivable

Schedule of accounts receivable

	March 31,		June 30,
(In thousands)	2019		2018
Gross accounts receivable	$	362,148	$	503,175
Less Chargebacks reserve		(99,527)		(153,034)
Less Rebates reserve		(30,529)		(33,102)
Less Returns reserve		(50,721)		(43,059)
Less Other deductions		(28,314)		(20,021)
Less Allowance for doubtful accounts		(1,253)		(1,308)
Accounts receivable, net	$	151,804	$	252,651

Schedule of major category of revenue-related reserves

Reserve Category
(In thousands)	Chargebacks		Rebates		Returns		Other		Total
Balance at June 30, 2018	$	153,034	$	82,502	$	43,059	$	20,021	$	298,616
Adjustment related to adoption of ASC 606		—		—		—		3,536		3,536
Current period provision		834,270		194,012		31,069		60,167		1,119,518
Credits issued during the period		(887,777)		(204,112)		(23,407)		(55,410)		(1,170,706)
Balance at March 31, 2019	$	99,527	$	72,402	$	50,721	$	28,314	$	250,964

Reserve Category
(In thousands)	Chargebacks		Rebates		Returns		Other		Total
Balance at June 30, 2017	$	79,537	$	87,616	$	42,135	$	11,096	$	220,384
Current period provision		797,964		228,100		21,661		52,329		1,100,054
Credits issued during the period		(764,055)		(239,665)		(16,543)		(40,399)		(1,060,662)
Balance at March 31, 2018	$	113,446	$	76,051	$	47,253	$	23,026	$	259,776