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Accounts Payable and Accrued Expenses
9 Months Ended
Sep. 30, 2024
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses

11. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:

 

 

 

September 30,

 

 

December 31,

 

(In thousands)

 

2024

 

 

2023

 

Accounts payable

 

$

37,037

 

 

$

65,649

 

Accrued compensation

 

 

55,904

 

 

 

83,107

 

Accrued other

 

 

67,257

 

 

 

91,805

 

Total accounts payable and accrued expenses

 

$

160,198

 

 

$

240,561

 

 

A summary of the Company’s current provision for sales discounts, allowances and reserves was as follows:

 

 

 

September 30,

 

 

December 31,

 

(In thousands)

 

2024

 

 

2023

 

Medicaid rebates

 

$

223,007

 

 

$

213,845

 

Product discounts

 

 

15,528

 

 

 

15,121

 

Medicare Part D

 

 

24,073

 

 

 

20,569

 

Other

 

 

19,410

 

 

 

14,106

 

Total accrued sales discounts, allowances and reserves

 

$

282,018

 

 

$

263,641

 

 

Included in accounts payable was approximately $7.9 million and $34.5 million of amounts payable related to state U.S. Medicaid rebates as of September 30, 2024 and December 31, 2023, respectively.