ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES

3 Months Ended

Mar. 31, 2020

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 March 31, 2020		As of December 31, 2019
	(in thousands)
Product sales receivable, net of discounts and allowances	$	89,960	$	90,409
Collaboration receivable		16,445		—
Government contract receivables		470		470
Total accounts receivable, net	$	106,875	$	90,879

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 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, 2019	$	588		$	44,738		$	1,506		$	4,671		$	51,503
Provision		2,435			12,083			1,373			2,103			17,994
Payments/credits		(2,336	)		(10,979	)		(1,291	)		(4,023	)		(18,629	)
Balance, as of March 31, 2020	$	687		$	45,842		$	1,588		$	2,751		$	50,868

	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 included in the Company’s unaudited condensed consolidated balance sheets for the periods indicated:

	As of March 31, 2020		As of December 31, 2019
	(in thousands)
Reduction to accounts receivable	$	4,147	$	6,254
Component of accrued expenses		46,721		45,249
Total reserves	$	50,868	$	51,503