CONSOLIDATED BALANCE SHEET (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Jun. 30, 2012
Current Assets
Cash and cash equivalents	$ 31,455	$ 22,562
Investment securities	6,638	6,667
Trade accounts receivable (net of allowance of $111 and $124, respectively)	41,370	42,212
Inventories, net	30,688	27,064
Prepaid income taxes	249	2,120
Deferred tax assets	4,955	4,833
Other current assets	1,309	1,023
Total Current Assets	116,664	106,481
Property, plant and equipment, net	38,876	37,068
Intangible assets, net	3,488	4,429
Deferred tax assets	8,540	9,069
Other assets	810	1,171
TOTAL ASSETS	168,378	158,218
Current Liabilities
Accounts payable	18,625	17,989
Accrued expenses	1,982	1,518
Accrued payroll and payroll related	3,810	3,198
Current portion of long-term debt	654	648
Rebates, chargebacks and returns payable	18,961	17,039
Total Current Liabilities	44,032	40,392
Long-term debt, less current portion	6,255	6,513
TOTAL LIABILITIES	50,287	46,905
Commitment and Contingencies, See notes 13 and 14
SHAREHOLDERS' EQUITY
Common stock - authorized 50,000,000 shares, par value $0.001; issued 28,822,773 and 28,594,437 shares, respectively; outstanding, 28,386,894 and 28,252,192 shares, respectively	29	29
Additional paid-in capital	100,913	99,515
Retained earnings	19,043	13,236
Accumulated other comprehensive loss	(26)	(63)
Treasury stock at cost - 435,879 and 342,245 shares, respectively	(2,034)	(1,594)
Total Shareholders' Equity Attributable to Lannett Company, Inc.	117,925	111,123
Noncontrolling Interest	166	190
TOTAL SHAREHOLDERS' EQUITY	118,091	111,313
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 168,378	$ 158,218