CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Current assets:
Cash and cash equivalents	$ 105,587	$ 42,689
Investment securities	40,693	8,461
Accounts receivable, net	61,325	26,413
Inventories, net	44,844	32,531
Deferred tax assets	11,265	4,874
Other current assets	1,833	1,161
Total current assets	265,547	116,129
Property, plant and equipment, net	61,704	40,141
Intangible assets, net	927	2,547
Deferred tax assets	14,234	8,005
Other assets	361	930
TOTAL ASSETS	342,773	167,752
Current liabilities:
Accounts payable	20,982	22,668
Accrued expenses	3,901	1,630
Accrued payroll and payroll-related expenses	12,860	6,910
Rebates payable	4,558	1,067
Income taxes payable	4,569	154
Current portion of long-term debt	129	670
Total current liabilities	46,999	33,099
Long-term debt, less current portion	1,009	5,844
TOTAL LIABILITIES	48,008	38,943
Commitments and Contingencies (Note 12)
STOCKHOLDERS' EQUITY
Common stock ($0.001 par value, 100,000,000 and 50,000,000 shares authorized; 36,088,272 and 29,284,592 shares issued; 35,571,280 and 28,848,679 shares outstanding at June 30, 2014 and 2013, respectively)	36	29
Additional paid-in capital	216,793	104,075
Retained earnings	83,654	26,553
Accumulated other comprehensive loss	(54)	(47)
Treasury stock (516,992 and 435,913 shares at June 30, 2014 and 2013, respectively)	(5,959)	(2,034)
Total Lannett Company, Inc. stockholders' equity	294,470	128,576
Noncontrolling Interest	295	233
Total stockholders' equity	294,765	128,809
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 342,773	$ 167,752