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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Jun. 30, 2013
Current assets:    
Cash and cash equivalents $ 35,727 $ 42,689
Investment securities 10,072 8,461
Accounts receivable, net 29,749 26,413
Inventories, net 34,524 32,531
Income taxes receivable 3,167  
Deferred tax assets 6,346 4,874
Other current assets 2,823 1,161
Total current assets 122,408 116,129
Property, plant and equipment, net 40,954 40,141
Intangible assets, net 1,881 2,547
Deferred tax assets 9,561 8,005
Other assets 315 930
TOTAL ASSETS 175,119 167,752
Current liabilities:    
Accounts payable 16,636 22,668
Accrued expenses 3,936 2,697
Accrued payroll and payroll related 3,054 6,910
Income taxes payable   154
Current portion of long-term debt 673 670
Total current liabilities 24,299 33,099
Long-term debt, less current portion 5,714 5,844
TOTAL LIABILITIES 30,013 38,943
Commitment and Contingencies (Note 13 and 14)      
STOCKHOLDERS' EQUITY    
Common stock ($0.001 par value, 50,000,000 shares authorized; 30,958,403 and 29,284,592 shares issued; 30,522,490 and 28,848,679 shares outstanding at September 30, 2013 and June 30, 2013, respectively) 31 29
Additional paid-in capital 126,358 104,075
Retained earnings 20,558 26,553
Accumulated other comprehensive loss (48) (47)
Treasury stock (435,913 shares at September 30, 2013 and June 30, 2013) (2,034) (2,034)
Total Lannett Company, Inc. stockholders' equity 144,865 128,576
Noncontrolling Interest 241 233
Total stockholders' equity 145,106 128,809
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 175,119 $ 167,752