ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES

3 Months Ended

Mar. 31, 2022

Receivables, Net, Current [Abstract]

ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES

. ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES

As of March 31, 2022 and December 31, 2021, the Company's accounts receivable were $178.2 million and $153.0 million, respectively, both of which were related to products sales receivable, net of discounts and allowances.

The following tables summarize an analysis of the change in reserves for discounts and allowances for each of the periods indicated:

	Chargebacks			Rebates			Prompt Pay			Other Accruals			Total
	(in thousands)
Balance, as of December 31, 2021	$	799		$	60,506		$	2,798		$	6,363		$	70,466
Provision		2,437			24,140			2,950			9,211			38,738
Payments/credits		(2,906	)		(16,563	)		(2,645	)		(4,182	)		(26,296	)
Balance, as of March 31, 2022	$	330		$	68,083		$	3,103		$	11,392		$	82,908

	Chargebacks			Rebates			Prompt Pay			Other Accruals			Total
	(in thousands)
Balance, as of December 31, 2020	$	2,281		$	41,771		$	1,949		$	4,969		$	50,970
Provision		2,085			14,907			1,844			3,191			22,027
Payments/credits		(3,969	)		(9,108	)		(1,432	)		(2,619	)		(17,128	)
Balance, as of March 31, 2021	$	397		$	47,570		$	2,361		$	5,541		$	55,869

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

	As of March 31, 2022		As of December 31, 2021
	(in thousands)
Reduction to accounts receivable	$	13,935	$	8,321
Component of accrued expenses		68,973		62,145
Total reserves	$	82,908	$	70,466