Earnings Per Common Share (Tables)

9 Months Ended

Mar. 31, 2015

Earnings Per Common Share

Summary of reconciliation of the Company's basic and diluted earnings per common share

	Three Months Ended March 31, 2015
(In thousands, except share and per share data)	2015		2014
Net Income Attributable to Lannett Company, Inc.	$	36,233	$	22,995
Basic weighted average common shares outstanding	35,880,954		35,025,968
Effect of potentially dilutive stock options and restricted stock awards	1,329,184		1,743,625
Diluted weighted average common shares outstanding	37,210,138		36,769,593
Earnings per common share attributable to Lannett Company, Inc.:
Basic	$	1.01	$	0.66
Diluted	$	0.97	$	0.63

	Nine Months Ended March 31, 2015
(In thousands, except share and per share data)	2015		2014
Net Income Attributable to Lannett Company, Inc.	$	115,976	$	33,566
Basic weighted average common shares outstanding	35,715,061		33,082,460
Effect of potentially dilutive stock options and restricted stock awards	1,367,077		1,503,547
Diluted weighted average common shares outstanding	37,082,138		34,586,007
Earnings per common share attributable to Lannett Company, Inc.:
Basic	$	3.25	$	1.01
Diluted	$	3.13	$	0.97