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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
CONSOLIDATED STATEMENTS OF OPERATIONS        
Net sales $ 174,386 $ 165,720 $ 513,652 $ 498,223
Settlement agreement   (4,000)   (4,000)
Total net sales 174,386 161,720 513,652 494,223
Cost of sales 99,036 81,553 267,503 227,527
Amortization of intangibles 8,293 7,737 23,971 24,361
Gross profit 67,057 72,430 222,178 242,335
Operating expenses:        
Research and development expenses 2,730 8,340 20,861 30,650
Selling, general and administrative expenses 14,112 17,629 61,643 56,958
Acquisition and integration-related expenses   1,256 83 3,674
Restructuring expenses 1,421 1,568 2,983 5,332
Loss on sale of intangible asset 15,514   15,514  
Intangible asset impairment charges       88,084
Total operating expenses 33,777 28,793 101,084 184,698
Operating income 33,280 43,637 121,094 57,637
Other income (loss):        
Investment income 719 1,037 4,208 3,085
Interest expense (22,842) (22,373) (64,440) (68,700)
Other (662) (35) 2,473 (298)
Total other loss (22,785) (21,371) (57,759) (65,913)
Income (loss) before income tax 10,495 22,266 63,335 (8,276)
Income tax expense (benefit) (2,275) 7,337 23,286 (2,003)
Net income (loss) 12,770 14,929 40,049 (6,273)
Less: Net income attributable to noncontrolling interest       34
Net income (loss) attributable to Lannett Company, Inc. $ 12,770 $ 14,929 $ 40,049 $ (6,307)
Earnings (loss) per common share attributable to Lannett Company, Inc.:        
Basic (in dollars per share) $ 0.34 $ 0.41 $ 1.08 $ (0.17)
Diluted (in dollars per share) $ 0.33 $ 0.40 $ 1.05 $ (0.17)
Weighted average common shares outstanding:        
Basic (in shares) 37,136,945 36,849,208 37,064,781 36,785,829
Diluted (in shares) 38,287,005 37,752,304 38,112,193 36,785,829