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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
CONSOLIDATED STATEMENTS OF OPERATIONS      
Net sales $ 151,054 $ 122,990 $ 106,835
Cost of sales 93,634 84,043 83,515
Gross profit 57,420 38,947 23,320
Operating expenses:      
Research and development 16,253 11,844 8,587
Selling, general, and administrative 22,410 20,193 15,912
Total operating expenses 38,663 32,037 24,499
Operating income (loss) 18,757 6,910 (1,179)
Other income (expense):      
Foreign currency gain (loss) 3 (62) 7
Gain (loss) on sale of assets 111 4 (22)
Gain (loss) on investment securities 699 (103) 206
Grant income     410
Litigation settlement 1,250    
Interest and dividend income 116 142 91
Interest expense (251) (273) (214)
Total other income (expense) 1,928 (292) 478
Net income (loss) before income tax 20,685 6,618 (701)
Income tax expense (benefit) 7,303 2,600 (461)
Net income (loss) 13,382 4,018 (240)
Less: Net income attributable to noncontrolling interest 65 70 37
Net income (loss) attributable to Lannett Company, Inc. $ 13,317 $ 3,948 $ (277)
Earnings per common share attributable to Lannett Company, Inc.:      
Basic (in dollars per share) $ 0.47 $ 0.14 $ (0.01)
Diluted (in dollars per share) $ 0.46 $ 0.14 $ (0.01)
Weighted average common shares outstanding:      
Basic (in shares) 28,467,598 28,263,335 26,758,552
Diluted (in shares) 28,942,933 28,408,432 26,758,552