Earnings Per Common Share (Tables)

9 Months Ended

Mar. 31, 2016

Earnings Per Common Share

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

	Three Months Ended March 31,
(In thousands, except share and per share data)	2016			2015
Net income (loss) attributable to Lannett Company, Inc.	$	(5,490	)	$	36,233
Basic weighted average common shares outstanding	36,495,961			35,880,954
Effect of potentially dilutive stock options, warrants and restricted stock awards	—			1,329,184
Diluted weighted average common shares outstanding	36,495,961			37,210,138
Earnings (Loss) per common share attributable to Lannett Company, Inc.:
Basic	$	(0.15	)	$	1.01
Diluted	$	(0.15	)	$	0.97

	Nine months Ended March 31,
(In thousands, except share and per share data)	2016		2015
Net income attributable to Lannett Company, Inc.	$	41,211	$	115,976
Basic weighted average common shares outstanding	36,398,030		35,715,061
Effect of potentially dilutive stock options, warrants and restricted stock awards	985,712		1,367,077
Diluted weighted average common shares outstanding	37,383,742		37,082,138
Earnings per common share attributable to Lannett Company, Inc.:
Basic	$	1.13	$	3.25
Diluted	$	1.10	$	3.13