ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES (Tables)

6 Months Ended

Jun. 30, 2019

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, 2019		As of December 31, 2018
	(in thousands)
Product sales, net of discounts and allowances	$	56,189	$	48,252
Government contract receivables		792		792
Total accounts receivable, net	$	56,981	$	49,044

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 Accruals			Total
	(in thousands)
Balance, as of December 31, 2018	$	1,378		$	24,276		$	538		$	2,318		$	28,510
Provision		4,874			21,004			2,240			2,233			30,351
Payments/credits		(4,712	)		(15,002	)		(1,909	)		(2,854	)		(24,477	)
Balance, as of June 30, 2019	$	1,540		$	30,278		$	869		$	1,697		$	34,384

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, 2019		As of December 31, 2018
	(in thousands)
Reduction to accounts receivable	$	3,563	$	2,364
Component of accrued expenses		30,821		26,146
Total reserves	$	34,384	$	28,510