Earnings Per Common Share (Tables)

6 Months Ended

Dec. 31, 2012

Earnings Per Common Share

Summary of reconciliation of the company's basic and diluted earnings (loss) per share

	For The Three Months Ended December 31,
(In thousands, except share and per share data)	2012		2011
Net Income attributable to Lannett common shareholders	$	2,881	$	609
Weighted average common shares outstanding (basic)	28,347,464		28,526,658
Effect of potentially dilutive options and restricted stock awards	103,133		246,819
Weighted average common shares outstanding (diluted)	28,450,597		28,773,477
Basic earnings per common share	$	0.10	$	0.02
Diluted earnings per common share	$	0.10	$	0.02
	For The Six Months Ended December 31,
(In thousands, except share and per share data)	2012		2011
Net Income attributable to Lannett common shareholders	$	5,807	$	815
Weighted average common shares outstanding (basic)	28,312,989		28,479,195
Effect of potentially dilutive options and restricted stock awards	111,038		254,240
Weighted average common shares outstanding (diluted)	28,424,027		28,733,435
Basic earnings per common share	$	0.21	$	0.03
Diluted earnings per common share	$	0.20	$	0.03