Acquisitions (Tables)

6 Months Ended

Dec. 31, 2016

Acquisitions

Summary of fair value of total consideration transferred

The following table summarizes the fair value of total consideration transferred to KUPI shareholders at the acquisition date of November 25, 2015:

(In thousands)
Cash purchase price paid to KUPI shareholders	$	1,030,000
Working capital adjustment	(41,605		)
Certain amounts reimbursable by UCB	(37,340		)
Total cash consideration transferred to KUPI shareholders	951,055
12.0% Senior Notes issued to UCB	200,000
Acquisition-related contingent consideration	35,000
Warrant issued to UCB	29,920
Total consideration to KUPI shareholders	$	1,215,975

Schedule of purchase price allocated to assets acquired and liabilities assumed

(In thousands)	Purchase Price Allocation
Cash and cash equivalents	$	16,877
Accounts receivable, net of revenue-related reserves	129,408
Inventories	84,009
Other current assets	11,238
Property, plant and equipment	111,849
Product rights	427,000
Trade name	2,920
Other intangible assets	19,000
In-process research and development	125,000
Goodwill	339,425
Deferred tax assets	4,186
Other assets	10,218
Total assets acquired	1,281,130
Accounts payable	(19,249		)
Accrued expenses	(6,079		)
Accrued payroll and payroll-related expenses	(21,040		)
Rebates payable	(9,816		)
Royalties payable	(3,602		)
Other liabilities	(5,369		)
Total net assets acquired	$	1,215,975

Schedule of unaudited pro forma information

	For the Three Months Ended December 31,		For the Six Months Ended December 31,
(In thousands, except per share data)	2015		2015
Revenues	$	173,189	$	357,155
Net income attributable to Lannett Company, Inc.	28,810		55,129
Earnings per common share attributable to Lannett Company, Inc.:
Basic	$	0.79	$	1.52
Diluted	$	0.77	$	1.47