CONSOLIDATED BALANCE SHEET (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Jun. 30, 2012
Current Assets
Cash and cash equivalents	$ 33,066	$ 22,562
Investment securities	5,906	6,667
Trade accounts receivable (net of allowance of $84 and $124, respectively)	39,810	42,212
Inventories, net	32,847	27,064
Prepaid income taxes	213	2,120
Deferred tax assets	5,253	4,833
Other current assets	1,851	1,023
Total Current Assets	118,946	106,481
Property, plant and equipment, net	39,288	37,068
Intangible assets, net	3,017	4,429
Deferred tax assets	8,024	9,069
Other assets	956	1,171
TOTAL ASSETS	170,231	158,218
Current Liabilities
Accounts payable	15,709	17,989
Accrued expenses	2,053	1,518
Accrued payroll and payroll related	5,347	3,198
Current portion of long-term debt	657	648
Rebates, chargebacks and returns payable	16,550	17,039
Total Current Liabilities	40,316	40,392
Long-term debt, less current portion	6,125	6,513
TOTAL LIABILITIES	46,441	46,905
Commitment and Contingencies, See notes 13 and 14
SHAREHOLDERS' EQUITY
Common stock - authorized 50,000,000 shares, par value $0.001; issued 29,103,931 and 28,594,437 shares, respectively; outstanding, 28,668,052 and 28,252,192 shares, respectively	29	29
Additional paid-in capital	102,702	99,515
Retained earnings	22,990	13,236
Accumulated other comprehensive loss	(79)	(63)
Treasury stock at cost - 435,879 and 342,245 shares, respectively	(2,034)	(1,594)
Total Shareholders' Equity Attributable to Lannett Company, Inc.	123,608	111,123
Noncontrolling Interest	182	190
TOTAL SHAREHOLDERS' EQUITY	123,790	111,313
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 170,231	$ 158,218