CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011	Dec. 31, 2010
Net sales	$ 27,734,079	$ 30,039,257	$ 56,611,983	$ 55,435,184
Cost of sales	19,770,524	21,669,746	39,512,569	40,569,794
Amortization of intangible assets	470,410	473,456	938,606	922,123
Product royalties	66,464	(460,631)	118,088	(317,360)
Gross profit	7,426,681	8,356,686	16,042,720	14,260,627
Research and development expenses	2,512,731	1,660,711	4,939,214	3,703,080
Selling, general, and administrative expenses	4,419,254	2,874,879	9,163,767	7,475,560
Operating income	494,696	3,821,096	1,939,739	3,081,987
Other income (expense):
Foreign currency (loss) gain	(7,502)	1,550	(2,496)	3,965
(Loss) gain on sale of assets	(3,464)	1,266	3,536	1,266
Realized gain (loss) on investments	26,496	2,124	(146,363)	14,765
Unrealized gain (loss) on investments	675,874		(150,672)
Interest and dividend income	35,698	3,877	88,947	15,108
Interest expense	(72,704)	(76,008)	(149,708)	(146,852)
Total other income (expense)	654,398	(67,191)	(356,756)	(111,748)
Income before income tax expense	1,149,094	3,753,905	1,582,983	2,970,239
Income tax expense	519,499	1,393,909	731,315	1,004,365
Net income	629,595	2,359,996	851,668	1,965,874
Less net income attributable to noncontrolling interest	(20,140)	(6,842)	(36,604)	(16,281)
Net income attributable to Lannett Company, Inc.	$ 609,455	$ 2,353,154	$ 815,064	$ 1,949,593
Basic earnings per common share - Lannett Company, Inc. (in dollars per share)	$ 0.02	$ 0.09	$ 0.03	$ 0.08
Diluted earnings per common share - Lannett Company, Inc. (in dollars per share)	$ 0.02	$ 0.09	$ 0.03	$ 0.08
Basic weighted average number of shares (in shares)	28,526,658	25,420,474	28,479,195	25,160,002
Diluted weighted average number of shares (in shares)	28,773,477	25,773,609	28,733,435	25,510,792