CONSOLIDATED STATEMENT OF OPERATIONS (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Net sales	$ 35,294	$ 28,878
Cost of sales	21,164	19,742
Amortization of intangible assets	471	468
Product royalties	33	52
Gross Profit	13,626	8,616
Research and development expenses	3,764	2,426
Selling, general, and administrative expenses	6,171	4,745
Operating Income	3,691	1,445
Other income (expense):
Foreign currency gain	3	5
Gain on sale of assets	70	7
Realized loss on investments	(36)	(173)
Unrealized gain (loss) on investments	270	(826)
Litigation settlement	1,250
Interest and dividend income	35	53
Interest expense	(63)	(77)
Total other income (expense)	1,529	(1,011)
Income before income tax expense	5,220	434
Income tax expense	2,277	212
Net income	2,943	222
Less net income attributable to noncontrolling interest	(17)	(16)
Net Income attributable to Lannett Company, Inc.	$ 2,926	$ 206
Basic earnings per common share - Lannett Company, Inc. (in dollars per share)	$ 0.10	$ 0.01
Diluted earnings per common share - Lannett Company, Inc. (in dollars per share)	$ 0.10	$ 0.01
Basic weighted average number of shares outstanding (in shares)	28,278,514	28,431,733
Diluted weighted average number of shares outstanding (in shares)	28,469,224	28,686,644