CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
OPERATING ACTIVITIES:
Net income (loss)	$ 4,018	$ (240)	$ 8,008
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	5,735	4,976	4,888
Deferred tax expense	1,082	2,850	182
Share based compensation expense	2,162	1,824	2,038
Tax shortfall on stock options exercised		53
Loss (gain) on sale of assets	(4)	22	(315)
Realized (gain) loss on investments	(236)	(74)	(2)
Unrealized (gain) loss on investments	339	(132)
Grant income		(410)
Other noncash expenses (income)	15	20	(3)
Changes in assets and liabilities which (used) provided cash:
Trade accounts receivable	(8,751)	4,860	(8,802)
Inventories	(161)	(7,845)	(2,862)
Income taxes receivable / payable	1,516	(5,116)	769
Prepaid expenses and other assets	(107)	168	(1,908)
Accounts payable	(389)	2,007	(525)
Accrued expenses	218	(2,110)	1,622
Rebates, chargebacks and returns payable	3,475	(1,685)	1,938
Accrued payroll and payroll related	2,209	(5,370)	1,913
Net cash provided by (used in) operating activities	11,121	(6,202)	6,941
INVESTING ACTIVITIES:
Purchases of property, plant and equipment (including construction in progress)	(5,237)	(7,254)	(11,187)
Proceeds from sale of property, plant and equipment	7	9	368
Purchase of intangible asset (product rights)			(500)
Proceeds from sale of investment securities	35,910	9,750	340
Purchase of investment securities	(23,301)	(28,153)
Net cash provided by (used in) investing activities	7,379	(25,648)	(10,979)
FINANCING ACTIVITIES:
Proceeds from the issuance of debt		5,056
Repayments of debt	(661)	(4,954)	(419)
Deferred financing fees		(26)
Proceeds from public stock offering		14,950
Proceeds from issuance of stock	272	501	756
Tax (shortfall) benefit on stock options exercised		(53)	60
Purchase of treasury stock	(722)	(221)	(162)
Distribution to noncontrolling interests	(19)	(10)	(168)
Net cash provided by (used in) financing activities	(1,130)	15,243	67
Effect of foreign currency rates on cash and cash equivalents	(85)	(12)	34
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	17,285	(16,619)	(3,937)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	5,277	21,896	25,833
CASH AND CASH EQUIVALENTS, END OF PERIOD	22,562	5,277	21,896
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION -
Interest paid	272	272	180
Income taxes paid	1	1,809	3,802
Lannett stock issued - Fiscal 2009 accrued incentive compensation			$ 759