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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CONSOLIDATED STATEMENTS OF OPERATIONS    
Net sales $ 154,961 $ 161,559
Cost of sales 79,553 70,820
Amortization of intangibles 7,737 8,887
Gross profit 67,671 81,852
Operating expenses:    
Research and development expenses 7,409 12,371
Selling, general and administrative expenses 19,038 21,260
Acquisition and integration-related expenses 18 1,391
Restructuring expenses 527 2,052
Intangible asset impairment charge   65,084
Total operating expenses 26,992 102,158
Operating income (loss) 40,679 (20,306)
Other income (loss):    
Investment income 1,164 1,027
Interest expense (20,912) (22,994)
Other (251) 3
Total other income (loss) (19,999) (21,964)
Income (loss) before income tax 20,680 (42,270)
Income tax expense (benefit) 7,423 (12,882)
Net income (loss) 13,257 (29,388)
Less: Net income attributable to noncontrolling interest   20
Net income (loss) attributable to Lannett Company, Inc. $ 13,257 $ (29,408)
Earnings (loss) per common share attributable to Lannett Company, Inc.:    
Basic (in dollars per share) $ 0.36 $ (0.80)
Diluted (in dollars per share) $ 0.35 $ (0.80)
Weighted average common shares outstanding:    
Basic (in shares) 36,992,064 36,699,267
Diluted (in shares) 37,730,656 36,699,267