Earnings Per Common Share (Tables)

9 Months Ended

Mar. 31, 2013

Earnings Per Common Share

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

	For The Three Months Ended March 31,
(In thousands, except share and per share data)	2013		2012
Net Income attributable to Lannett common shareholders	$	3,947	$	1,718
Weighted average common shares outstanding (basic)	28,490,175		28,571,062
Effect of potentially dilutive options and restricted stock awards	625,766		148,607
Weighted average common shares outstanding (diluted)	29,115,941		28,719,669
Basic earnings per common share	$	0.14	$	0.06
Diluted earnings per common share	$	0.14	$	0.06

	For The Nine Months Ended March 31,
(In thousands, except share and per share data)	2013		2012
Net Income attributable to Lannett common shareholders	$	9,754	$	2,533
Basic weighted average common shares outstanding	28,371,189		28,509,595
Effect of potentially dilutive options and restricted stock awards	273,642		158,686
Diluted weighted average common shares outstanding	28,644,831		28,668,281
Basic earnings per common share	$	0.34	$	0.09
Diluted earnings per common share	$	0.34	$	0.09