Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Jun. 30, 2012

Quarterly Financial Information (Unaudited)

Schedule of quarterly consolidated results of operations

	Fourth			Third			Second			First
(In thousands)	Quarter			Quarter			Quarter			Quarter
Fiscal 2012
Net Sales	$	35,690		$	30,688		$	27,734		$	28,878
Cost of Goods Sold	23,677			19,797			20,307			20,262
Gross Profit	12,013			10,891			7,427			8,616
Other Operating Expenses	9,407			8,527			6,932			7,171
Operating Income	2,606			2,364			495			1,445
Other Income (Expense)	(362		)	427			654			(1,011		)
Income Tax Expense	812			1,057			519			212
Less net income attributable to noncontrolling interest	(17		)	(16		)	(21		)	(16		)
Net Income — Lannett Company, Inc.	$	1,415		$	1,718		$	609		$	206
Earnings Per Share — Lannett Company, Inc.
Basic	$	0.05		$	0.06		$	0.02		$	0.01
Diluted	$	0.05		$	0.06		$	0.02		$	0.01

	Fourth			Third			Second			First
(In thousands)	Quarter			Quarter			Quarter			Quarter
Fiscal 2011
Net Sales	$	25,507		$	25,893		$	30,039		$	25,396
Cost of Goods Sold	21,752			20,589			21,682			19,492
Gross Profit	3,755			5,304			8,357			5,904
Other Operating Expenses	7,186			6,134			4,536			6,643
Operating Income (Loss)	(3,431		)	(830		)	3,821			(739		)
Other Income (Expense)	568			22			(67		)	(45		)
Income Tax Expense (Benefit)	(1,015		)	(450		)	1,394			(390		)
Less net income attributable to noncontrolling interest	(16		)	(4		)	(7		)	(10		)
Net Income (loss) — Lannett Company, Inc.	$	(1,864	)	$	(362	)	$	2,353		$	(404	)
Earnings (loss) Per Share — Lannett Company, Inc.
Basic	$	(0.07	)	$	(0.01	)	$	0.09		$	(0.02	)
Diluted	$	(0.07	)	$	(0.01	)	$	0.09		$	(0.02	)

	Fourth			Third			Second			First
(In thousands)	Quarter			Quarter			Quarter			Quarter
Fiscal 2010
Net Sales	$	33,760		$	31,266		$	28,717		$	31,435
Cost of Goods Sold	22,428			20,869			20,640			19,901
Gross Profit	11,332			10,397			8,077			11,534
Other Operating Expenses	7,312			7,745			6,779			6,791
Operating Income	4,020			2,652			1,298			4,743
Other Income (Expense)	240			(23		)	(62		)	(47		)
Income Tax Expense	1,288			527			1,170			1,828
Less net income attributable to noncontrolling interest	(156		)	(9		)	(11		)	(11		)
Net Income — Lannett Company, Inc.	$	2,816		$	2,093		$	55		$	2,857
Earnings Per Share — Lannett Company, Inc.
Basic	$	0.11		$	0.08		$	0.00		$	0.12
Diluted	$	0.11		$	0.08		$	0.00		$	0.11