CONSOLIDATED BALANCE SHEET (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Jun. 30, 2012
Current Assets
Cash and cash equivalents	$ 26,361	$ 22,562
Investment securities	5,010	6,667
Trade accounts receivable (net of allowance of $173 and $124, respectively)	42,057	42,212
Inventories, net	27,606	27,064
Income taxes receivable		2,120
Deferred tax assets	4,914	4,833
Other current assets	2,083	1,023
Total Current Assets	108,031	106,481
Property, plant and equipment, net	36,811	37,068
Intangible assets, net	3,958	4,429
Deferred tax assets	8,853	9,069
Other assets	1,167	1,171
TOTAL ASSETS	158,820	158,218
Current Liabilities
Accounts payable	12,640	17,989
Accrued expenses	1,899	1,518
Accrued payroll and payroll related	2,338	3,198
Income taxes payable	1,679
Current portion of long-term debt	651	648
Rebates, chargebacks and returns payable	18,313	17,039
Total Current Liabilities	37,520	40,392
Long-term debt, less current portion	6,385	6,513
TOTAL LIABILITIES	43,905	46,905
Commitment and Contingencies, See notes 13 and 14
SHAREHOLDERS' EQUITY
Common stock - authorized 50,000,000 shares, par value $0.001; issued 28,707,574 and 28,594,437 shares, respectively; outstanding, 28,297,233 and 28,252,192 shares, respectively	29	29
Additional paid-in capital	100,467	99,515
Retained earnings	16,162	13,236
Accumulated other comprehensive (loss)	(22)	(63)
Treasury stock at cost - 410,341 and 342,245 shares, respectively	(1,928)	(1,594)
Total Shareholders' Equity Attributable to Lannett Company, Inc.	114,708	111,123
Noncontrolling Interest	207	190
TOTAL SHAREHOLDERS' EQUITY	114,915	111,313
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 158,820	$ 158,218