Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.20.2
Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The composition of Revenue from services by payor for the nine months ended September 30, 2020 and 2019 was as follows:
  Three months ended September 30, Nine months ended September 30,
(In thousands) 2020 2019 2020 2019
Healthcare insurers $ 136,531  $ 104,020  $ 319,763  $ 315,227 
Government payers 21,537  28,206  64,322  87,243 
Client payers 207,886  43,750  388,078  120,309 
Patients 16,544  5,163  32,146  15,709 
Total $ 382,498  $ 181,139  $ 804,309  $ 538,488 
Client payers include cities, states and companies for which BioReference provides COVID-19 testing services.
Schedule of Product Sales Allowances and Accruals
The following table presents an analysis of product sales allowances and accruals for the three and nine months ended September 30, 2020:
(In thousands) Chargebacks, discounts, rebates and fees Governmental Returns Total
Balance at June 30, 2020 $ 2,890  $ 6,999  $ 3,830  $ 13,719 
  Provision related to current period sales 4,269  9,335  264  13,868 
  Credits or payments made (4,965) (6,522) (159) (11,646)
Balance at September 30, 2020 $ 2,194  $ 9,812  $ 3,935  $ 15,941 
Total gross Rayaldee sales
$ 22,010 
Provision for Rayaldee sales allowances and accruals as a percentage of gross Rayaldee sales
63%
(In thousands) Chargebacks, discounts, rebates and fees Governmental Returns Total
Balance at December 31, 2019 $ 3,194  $ 5,841  $ 2,751  $ 11,786 
  Provision related to current period sales 13,562  25,615  1,654  40,831 
  Credits or payments made (14,562) (21,644) (470) (36,676)
Balance at September 30, 2020 $ 2,194  $ 9,812  $ 3,935  $ 15,941 
Total gross Rayaldee sales
$ 67,569 
Provision for Rayaldee sales allowances and accruals as a percentage of gross Rayaldee sales
60%
Changes in Contractual Liabilities Balance Changes in the contractual liabilities balance during the nine months ended September 30, 2020 are as follows:
(In thousands)
Balance at December 31, 2019 $ 21,767 
Balance at September 30, 2020 17,050 
Revenue recognized in the period from:
Amounts included in contracts liability at the beginning of the period 18,376