ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES (Tables)

6 Months Ended

Jun. 30, 2018

Summary of Components of Accounts Receivable

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

	As of June 30, 2018		As of December 31, 2017
	(in thousands)
Product sales, net of discounts and allowances	$	42,056	$	28,539
Government contract receivables		929		929
Total accounts receivable	$	42,985	$	29,468

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			Total
	(in thousands)
Balance, as of December 31, 2017	$	995		$	6,959		$	169		$	464		$	8,587
Provision		6,490			11,178			1,094			2,460			21,222
Payments/credits		(6,622	)		(1,978	)		(917	)		(1,813	)		(11,330	)
Balance, as of June 30, 2018	$	863		$	16,159		$	346		$	1,111		$	18,479

Summary of Total Reserves Included in Consolidated Balance Sheets

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

	As of June 30, 2018		As of December 31, 2017
	(in thousands)
Reduction to accounts receivable	$	1,612	$	1,285
Component of accrued expenses		16,867		7,302
Total reserves	$	18,479	$	8,587