ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES

12 Months Ended

Dec. 31, 2019

Receivables Net Current [Abstract]

ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES

7. 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 December 31,
	2019		2018
	(in thousands)
Product sales, net of discounts and allowances	$	90,409	$	48,252
Government contract receivables		470		792
Total accounts receivable, net	$	90,879	$	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, 2017	$	995		$	6,959		$	169		$	464		$	8,587
Provision		12,284			28,420			2,624			5,286			48,614
Payments/credits		(11,901	)		(11,103	)		(2,255	)		(3,432	)		(28,691	)
Balance, as of December 31, 2018	$	1,378		$	24,276		$	538		$	2,318		$	28,510
Provision		9,698			44,749			4,897			9,643			68,987
Payments/credits		(10,488	)		(24,287	)		(3,929	)		(7,290	)		(45,994	)
Balance, as of December 31, 2019	$	588		$	44,738		$	1,506		$	4,671		$	51,503

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

	As of December 31,
	2019		2018
	(in thousands)
Reduction to accounts receivable	$	6,254	$	2,364
Component of accrued expenses		45,249		26,146
Total reserves	$	51,503	$	28,510