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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS      
Net sales $ 406,837 $ 273,771 $ 151,054
Cost of sales 100,481 99,263 93,634
JSP contract renewal cost   20,100  
Gross profit 306,356 154,408 57,420
Operating expenses:      
Research and development 30,342 27,713 16,253
Selling, general, and administrative 49,527 38,606 22,410
Total operating expenses 79,869 66,319 38,663
Operating income 226,487 88,089 18,757
Other income (loss):      
Foreign currency gain (loss) (21) 1 3
Gain (loss) on sale of assets 33 (142) 111
Gain on investment securities 705 1,907 699
Litigation settlement     1,250
Interest and dividend income 425 295 116
Interest expense (207) (130) (251)
Total other income 935 1,931 1,928
Income before income taxes 227,422 90,020 20,685
Income tax expense 77,430 32,857 7,303
Net income 149,992 57,163 13,382
Less: Net income attributable to noncontrolling interest 73 62 65
Net income attributable to Lannett Company, Inc. $ 149,919 $ 57,101 $ 13,317
Earnings per common share attributable to Lannett Company, Inc.:      
Basic (in dollars per share) $ 4.18 $ 1.70 $ 0.47
Diluted (in dollars per share) $ 4.04 $ 1.62 $ 0.46
Weighted average common shares outstanding:      
Basic (in shares) 35,827,167 33,663,589 28,467,598
Diluted (in shares) 37,127,117 35,193,376 28,942,933