v3.26.1
Accounts Payable and Accrued Expenses
3 Months Ended
Mar. 31, 2026
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses

11. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consist of the following:

 

 

 

March 31,

 

 

December 31,

 

(In thousands)

 

2026

 

 

2025

 

Accounts payable

 

$

102,357

 

 

$

107,950

 

Accrued compensation

 

 

53,430

 

 

 

82,450

 

Accrued other

 

 

136,792

 

 

 

99,165

 

Total accounts payable and accrued expenses

 

$

292,579

 

 

$

289,565

 

 

A summary of the Company’s current provision for sales discounts, allowances and reserves was as follows:

 

 

 

March 31,

 

 

December 31,

 

(In thousands)

 

2026

 

 

2025

 

Medicaid rebates

 

$

189,032

 

 

$

186,068

 

Product discounts

 

 

18,700

 

 

 

18,688

 

Medicare Part D

 

 

25,487

 

 

 

25,372

 

Other

 

 

39,624

 

 

 

16,998

 

Total accrued sales discounts, allowances and reserves

 

$

272,843

 

 

$

247,126

 

 

Included in accounts payable was approximately $38.6 million and $59.6 million of amounts payable related to state U.S. Medicaid rebates as of March 31, 2026 and December 31, 2025, respectively.