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REVENUE RECOGNITION AND RELATED ALLOWANCES (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of disaggregation of revenue and revenue recognized
All revenue recognized in the accompanying unaudited interim condensed consolidated statements of operations is considered to be revenue from contracts with customers. The following table depicts the disaggregation of revenue:
Three Months Ended June 30,Six Months Ended June 30,
Products and Services (in thousands)2024202320242023
Sales of generic pharmaceutical products$73,964 $63,317 $144,181 $127,030 
Sales of established brand pharmaceutical products, royalties, and other pharmaceutical services14,883 28,926 45,159 55,669 
Sales of rare disease pharmaceutical products49,193 24,304 86,130 40,634 
Total net revenues$138,040 $116,547 $275,470 $223,333 
Three Months Ended June 30,Six Months Ended June 30,
Timing of Revenue Recognition (in thousands)2024202320242023
Performance obligations transferred at a point in time$138,040 $116,547 $275,470 $222,958 
Performance obligations transferred over time— — — 375 
Total$138,040 $116,547 $275,470 $223,333 
Schedule of accruals and allowances
The following table summarizes activity in the condensed consolidated balance sheets for accruals and allowances for the six months ended June 30, 2024 and 2023, respectively:
Accruals for Chargebacks, Returns, and Other Allowances
(in thousands)ChargebacksGovernment
Rebates		ReturnsAdministrative
Fees and Other
Rebates		Prompt
Payment
Discounts
Balance at December 31, 2022$148,562 $10,872 $33,399 $9,442 $6,488 
Accruals/Adjustments290,826 11,100 5,995 25,606 11,028 
Credits Taken Against Reserve(362,253)(10,001)(9,596)(25,177)(12,653)
Balance at June 30, 2023 (1)$77,135 $11,971 $29,798 $9,871 $4,863 
Balance at December 31, 2023$84,208 $12,168 $29,678 $11,412 $4,865 
Accruals/Adjustments267,779 13,324 21,895 29,970 11,422 
Credits Taken Against Reserve(262,541)(13,168)(17,676)(29,656)(11,243)
Balance at June 30, 2024 (1)$89,446 $12,324 $33,897 $11,726 $5,044 
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(1)Chargebacks and Prompt Payment Discounts are included as an offset to accounts receivable in the unaudited interim condensed consolidated balance sheets. Administrative Fees and Other Rebates are included as an offset to accounts receivable or as accrued expenses and other in the unaudited interim condensed consolidated balance sheets. Returns are included in returned goods reserve in the unaudited interim condensed consolidated balance sheets. Government Rebates are included in accrued government rebates in the unaudited interim condensed consolidated balance sheets.
Schedule of customer concentration
The four customers represent the total percentage of net revenues as follows:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Customer 124 %32 %29 %32 %
Customer 212 %14 %12 %14 %
Customer 313 %13 %11 %13 %
Customer 417 %10 %15 %9 %