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Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2021

Revenue from Contracts with Customers

Summary of product revenue provision and allowance

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​	​	​	​	​	​	​	​	​	​
​		​		​	​			Trade
​	​	Rebates and		​	Product		​	Allowances and
Three months ended March 31, 2021	​	Incentives (1)		​	Returns (2)		​	Chargebacks (3)
Balance at December 31, 2020	​	$	132,775	​	$	23,779	​	$	19,055
Provision related to current period sales	​	​	86,716	​	​	3,730	​	​	21,002
Changes in estimate related to prior period sales	​	​	(441)	​	​	—	​	​	—
Credits/payments made	​	​	(75,442)	​	​	(14,964)	​	​	(23,853)
Balance at March 31, 2021	​	$	143,608	​	$	12,545	​	$	16,204

​

​	​	​	​	​	​	​	​	​	​
​	​	​		​	​			Trade
​	​	Rebates and		​	Product		​	Allowances and
Three months ended March 31, 2020	​	Incentives (1)		​	Returns (2)		​	Chargebacks (3)
Balance at December 31, 2019	​	$	129,901	​	$	27,648	​	$	14,020
Provision related to current period sales	​	​	83,573	​	​	3,406	​	​	18,770
Changes in estimate related to prior period sales	​	​	1,131	​	​	—	​	​	49
Credits/payments made	​	​	(73,075)	​	​	(698)	​	​	(18,625)
Balance at March 31, 2020	​	$	141,530	​	$	30,356	​	$	14,214

​

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​ ​
	(1)		Provisions for rebates and incentives includes managed care rebates, government rebates and co-pay program incentives. Provisions for rebates and incentives are deducted from gross revenues at the time revenues are recognized and are included in accrued rebates, returns and discounts in the Company’s Consolidated Condensed Balance Sheets.
	(2)		Provisions for product returns are deducted from gross revenues at the time revenues are recognized and are included in accrued rebates, returns and discounts in the Company’s Condensed Consolidated Balance Sheets.
		​
	(3)	​		Provisions for trade allowances and chargebacks include fees for distribution service fees, prompt pay discounts, and chargebacks. Trade allowances and chargebacks are deducted from gross revenue at the time revenues are recognized and are recorded as a reduction to accounts receivable in the Company’s Condensed Consolidated Balance Sheets.

Schedule of disaggregation of revenue

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​	​	​	​	​	​
​	Three months ended March 31,
​	2021		​	2020
Xtampza ER	$	35,409		$	31,507
Nucynta Products(1)	​	52,312	​	​	45,004
Total product revenues, net	$	87,721	​	$	76,511

​

(1) For the three months ended March 31, 2021, the Company recognized Nucynta IR and Nucynta ER product revenues, net of $30,526 and $21,786, respectively. For the three months ended March 31, 2020, the Company recognized Nucynta IR and Nucynta ER product revenues, net of $27,970 and $17,034, respectively.

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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- References

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