Earnings Per Common Share (Tables)

6 Months Ended

Dec. 31, 2015

Earnings Per Common Share

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

	Three Months Ended December 31,
(In thousands, except share and per share data)	2015		2014
Net Income Attributable to Lannett Company, Inc.	$	13,520	$	44,811
Basic weighted average common shares outstanding	36,388,542		35,669,904
Effect of potentially dilutive stock options, warrants and restricted stock awards	999,908		1,404,120
Diluted weighted average common shares outstanding	37,388,450		37,074,024
Earnings per common share attributable to Lannett Company, Inc.:
Basic	$	0.37	$	1.26
Diluted	$	0.36	$	1.21

	Six Months Ended December 31, 2015
(In thousands, except share and per share data)	2015		2014
Net Income Attributable to Lannett Company, Inc.	$	46,701	$	79,743
Basic weighted average common shares outstanding	36,349,597		35,633,917
Effect of potentially dilutive stock options, warrants and restricted stock awards	1,052,281		1,391,750
Diluted weighted average common shares outstanding	37,401,878		37,025,667
Earnings per common share attributable to Lannett Company, Inc.:
Basic	$	1.28	$	2.24
Diluted	$	1.25	$	2.15