ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES

3 Months Ended

Mar. 31, 2019

Receivables Net Current [Abstract]

ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES

6. ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES

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

	As of March 31, 2019		As of December 31, 2018
	(in thousands)
Product sales, net of discounts and allowances	$	49,718	$	48,252
Government contract receivables		792		792
Total accounts receivable, net	$	50,510	$	49,044

The balance for government contract receivables for both periods presented is subject to government audit and will not be collected until the completion of the audit.

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		2,566			9,429			936			1,064			13,995
Payments/credits		(3,049	)		(5,191	)		(791	)		(2,015	)		(11,046	)
Balance, as of March 31, 2019	$	895		$	28,514		$	683		$	1,367		$	31,459

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

	As of March 31, 2019		As of December 31, 2018
	(in thousands)
Reduction to accounts receivable	$	2,405	$	2,364
Component of accrued expenses		29,054		26,146
Total reserves	$	31,459	$	28,510