Q1 2017 earnings

When earnings were announced the numbers looked pretty bad with operating income of (41.7). Today is the first time I had to go through the 10Q. Some of the items I noticed are a combination of restructuring expenses and what looks like OPKO cleaning up the books.

Severance 3.3 Million - While Severance is not uncommon hopefully we are seeing a wind down of the severance.

Obsolete Inventory write down 4.6 million - Again not uncommon but I would not expect to see an amount this large going forward. There was no write down in the year ago quarter.

Increased Bad Debt Provisions as a percentage of revenue 9.7% compared to 7.2%(stripped out Intellectual Property Rev since it is paid in advance). If OPKO had used the same % of provision as last quarter it would be another 7 million pickup. Was this a one time hit? What % of revenue can we expect to go to bad debt in the future? I know that bad debt is based on the AR balance at 3/31/2017 and 12/31/2016, but revenue and AR are heavily correlated.