ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES

9 Months Ended

Sep. 30, 2020

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 September 30, 2020		As of December 31, 2019
	(in thousands)
Product sales receivable, net of discounts and allowances	$	104,488	$	90,409
Collaboration receivable		16,869		—
Government contract receivable		470		470
Total accounts receivable, net	$	121,827	$	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		7,137			38,763			4,599			8,046			58,545
Payments/credits		(6,699	)		(39,489	)		(4,348	)		(7,694	)		(58,230	)
Balance, as of September 30, 2020	$	1,026		$	44,012		$	1,757		$	5,023		$	51,818

	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		7,291			32,310			3,541			7,729			50,871
Payments/credits		(7,838	)		(22,053	)		(3,009	)		(5,975	)		(38,875	)
Balance, as of September 30, 2019	$	831		$	34,533		$	1,070		$	4,072		$	40,506

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

	As of September 30, 2020		As of December 31, 2019
	(in thousands)
Reduction to accounts receivable	$	7,020	$	6,254
Component of accrued expenses		44,798		45,249
Total reserves	$	51,818	$	51,503