Accounts Receivable, net

3 Months Ended

Sep. 30, 2021

Accounts Receivable, net

Accounts Receivable, net

Note 4. Accounts Receivable, net

Accounts receivable, net consisted of the following components at September 30, 2021 and June 30, 2021:

	September 30,		June 30,
(In thousands)	2021		2021
Gross accounts receivable	$	239,211	$	239,271
Less: Chargebacks reserve		(71,807)		(69,564)
Less: Rebates reserve		(16,592)		(16,272)
Less: Returns reserve		(36,462)		(38,395)
Less: Other deductions		(18,968)		(15,505)
Less: Allowance for doubtful accounts		(1,073)		(701)
Accounts receivable, net	$	94,309	$	98,834

For the three months ended September 30, 2021, the Company recorded a provision for chargebacks, rebates (including rebates presented as rebates payable), returns and other deductions of $131.2 million, $28.8 million, $5.9 million and $19.0 million, respectively. For the three months ended September 30, 2020, the Company recorded a provision for chargebacks, rebates (including rebates presented as rebates payable), returns and other deductions of $188.3 million, $34.3 million, $5.5 million and $15.8 million, respectively.

The following table identifies the activity and ending balances of each major category of revenue-related reserve for the three months ended September 30, 2021 and 2020:

Reserve Category
(In thousands)	Chargebacks		Rebates		Returns		Other		Total
Balance at June 30, 2021	$	69,564	$	35,297	$	38,395	$	15,505	$	158,761
Current period provision		131,195		28,760		5,939		19,010		184,904
Credits issued during the period		(128,952)		(21,640)		(7,872)		(15,547)		(174,011)
Balance at September 30, 2021	$	71,807	$	42,417	$	36,462	$	18,968	$	169,654

Reserve Category
(In thousands)	Chargebacks		Rebates		Returns		Other		Total
Balance at June 30, 2020	$	61,877	$	62,711	$	40,796	$	17,557	$	182,941
Current period provision		188,297		34,280		5,526		15,781		243,884
Credits issued during the period		(179,737)		(42,269)		(5,787)		(16,741)		(244,534)
Balance at September 30, 2020	$	70,437	$	54,722	$	40,535	$	16,597	$	182,291

For the three months ended September 30, 2021 and 2020, as a percentage of gross sales the provision for chargebacks was 46.1% and 51.7%, the provision for rebates was 10.1% and 9.4%, the provision for returns was 2.1% and 1.5% and the provision for other adjustments was 6.7% and 4.3%, respectively.

We have not recorded any material amounts in the current period related to reversals or additions of prior period reserves.