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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CONSOLIDATED STATEMENTS OF OPERATIONS    
Net sales $ 161,559 $ 106,433
Cost of sales 70,820 28,819
Amortization of intangibles 8,887 187
Gross profit 81,852 77,427
Operating expenses:    
Research and development expenses 12,371 6,528
Selling, general and administrative expenses 21,260 15,536
Acquisition and integration-related expenses 1,391 3,942
Restructuring expenses 2,052  
Intangible asset impairment charge 65,084 0
Total operating expenses 102,158 26,006
Operating income (20,306) 51,421
Other income (loss):    
Investment income (loss) 1,027 (1,110)
Interest expense (22,994) (60)
Other 3  
Total other income (loss) (21,964) (1,170)
Income (loss) before income tax (42,270) 50,251
Income tax expense (benefit) (12,882) 17,055
Net income (loss) (29,388) 33,196
Less: Net income attributable to noncontrolling interest 20 15
Net income (loss) attributable to Lannett Company, Inc. $ (29,408) $ 33,181
Earnings (loss) per common share attributable to Lannett Company, Inc.:    
Basic (in dollars per share) $ (0.80) $ 0.91
Diluted (in dollars per share) $ (0.80) $ 0.89
Weighted average common shares outstanding:    
Basic (in shares) 36,699,267 36,310,653
Diluted (in shares) 36,699,267 37,414,724