ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES (Tables)

9 Months Ended

Sep. 30, 2019

Summary of Components of Accounts Receivable

The following table summarizes the components of the Company’s accounts receivable for the periods indicated:

	As of September 30, 2019		As of December 31, 2018
	(in thousands)
Product sales, net of discounts and allowances	$	67,260	$	48,252
Government contract receivables		772		792
Total accounts receivable, net	$	68,032	$	49,044

Summary of Change in Reserves for Discounts and Allowances

The following table summarizes an analysis of the change in reserves for discounts and allowances for the periods indicated:

	Chargebacks			Rebates			Prompt Pay			Other Accruals			Total
	(in thousands)
Balance, as of December 31, 2018	$	1,378		$	24,276		$	538		$	2,318		$	28,510
Provision		7,291			32,310			3,541			7,729			50,871
Payments/credits		(7,838	)		(22,053	)		(3,009	)		(5,975	)		(38,875	)
Balance, as of September 30, 2019	$	831		$	34,533		$	1,070		$	4,072		$	40,506

Summary of Total Reserves Included in Consolidated Balance Sheets

The following table summarizes the total reserves included in the Company’s unaudited condensed consolidated balance sheets for the periods indicated:

	As of September 30, 2019		As of December 31, 2018
	(in thousands)
Reduction to accounts receivable	$	5,437	$	2,364
Component of accrued expenses		35,069		26,146
Total reserves	$	40,506	$	28,510