XML 112 R88.htm IDEA: XBRL DOCUMENT v3.10.0.1
Quarterly Financial Information (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
Quarterly Financial Information (Unaudited)                              
Net sales $ 170,911 $ 174,386 $ 184,305 $ 154,961 $ 139,118 $ 165,720 $ 170,944 $ 161,559 $ 168,887 $ 163,712 $ 127,059 $ 106,433 $ 684,563 $ 637,341 $ 566,091
Settlement agreement           (4,000)       (23,598)       (4,000) (23,598)
Total net sales         139,118 161,720 170,944 161,559 168,887 140,114 127,059 106,433 684,563 633,341 542,493
Cost of sales 104,383 107,329 96,855 87,290 80,240 89,290 82,891 79,707 88,957 82,623 55,414 29,006 363,729 300,030 237,371
Amortization of intangible assets                         32,128 32,098 18,629
Gross profit 66,528 67,057 87,450 67,671 58,878 72,430 88,053 81,852 79,930 57,491 71,645 77,427 288,706 301,213 286,493
Operating expenses 57,926 33,777 40,315 26,992 30,069 28,793 53,747 102,158 49,535 38,874 41,320 26,006 159,010 214,767 155,735
Operating income 8,602 33,280 47,135 40,679 28,809 43,637 34,306 (20,306) 30,395 18,617 30,325 51,421 129,696 86,446 130,758
Other (20,844) (22,785) (14,975) (19,999) (19,983) (21,371) (22,578) (21,964) (29,752) (26,830) (10,827) (1,170) 2,278 (244) (1)
Income tax expense (883) (2,275) 18,138 7,423 3,100 7,337 3,542 (12,882) (2,948) (2,743) 5,958 17,055 22,403 1,097 17,322
Less: Net income attributable to noncontrolling interest             14 20 20 20 20 15   34 75
Net income (loss) attributable to Lannett Company, Inc. $ (11,359) $ 12,770 $ 14,022 $ 13,257 $ 5,726 $ 14,929 $ 8,172 $ (29,408) $ 3,571 $ (5,490) $ 13,520 $ 33,181 $ 28,690 $ (581) $ 44,782
Earnings (loss) per common share attributable to Lannett Company, Inc.:                              
Basic (in dollars per share) $ (0.30) $ 0.34 $ 0.38 $ 0.36 $ 0.16 $ 0.41 $ 0.22 $ (0.80) $ 0.10 $ (0.15) $ 0.37 $ 0.91 $ 0.77 $ (0.02) $ 1.23
Diluted (in dollars per share) $ (0.30) $ 0.33 $ 0.37 $ 0.35 $ 0.15 $ 0.40 $ 0.22 $ (0.80) $ 0.10 $ (0.15) $ 0.36 $ 0.89 $ 0.75 $ (0.02) $ 1.20