Earnings (Loss) Per Common Share (Tables)

6 Months Ended

Dec. 31, 2016

Earnings (Loss) 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)	2016		2015
Net income attributable to Lannett Company, Inc.	$	8,172	$	13,520
Basic weighted average common shares outstanding	36,810,388		36,388,542
Effect of potentially dilutive stock options, warrants and restricted stock awards	865,982		999,908
Diluted weighted average common shares outstanding	37,676,370		37,388,450
Earnings per common share attributable to Lannett Company, Inc.:
Basic	$	0.22	$	0.37
Diluted	$	0.22	$	0.36

	Six Months Ended December 31,
(In thousands, except share and per share data)	2016			2015
Net income (loss) attributable to Lannett Company, Inc.	$	(21,236	)	$	46,701
Basic weighted average common shares outstanding	36,754,828			36,349,597
Effect of potentially dilutive stock options, warrants and restricted stock awards	—			1,052,281
Diluted weighted average common shares outstanding	36,754,828			37,401,878
Earnings (loss) per common share attributable to Lannett Company, Inc.:
Basic	$	(0.58	)	$	1.28
Diluted	$	(0.58	)	$	1.25