ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES

9 Months Ended

Sep. 30, 2022

Receivables, Net, Current [Abstract]

ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES

6. ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES

As of September 30, 2022 and December 31, 2021, the Company's accounts receivable were $201.5 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		8,756			76,845			9,508			28,839			123,948
Payments/credits		(9,193	)		(70,645	)		(8,930	)		(18,397	)		(107,165	)
Balance, as of September 30, 2022	$	362		$	66,706		$	3,376		$	16,805		$	87,249

	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		9,350			54,686			6,603			10,232			80,871
Payments/credits		(10,878	)		(37,818	)		(5,865	)		(9,595	)		(64,156	)
Balance, as of September 30, 2021	$	753		$	58,639		$	2,687		$	5,606		$	67,685

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, 2022		As of December 31, 2021
	(in thousands)
Reduction to accounts receivable	$	19,307	$	8,321
Component of accrued expenses		67,942		62,145
Total reserves	$	87,249	$	70,466