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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
CONSOLIDATED STATEMENTS OF OPERATIONS      
Net sales $ 655,407 $ 684,563 $ 637,341
Settlement agreement     (4,000)
Total net sales 655,407 684,563 633,341
Cost of sales 379,601 363,729 300,030
Amortization of intangibles 32,196 32,128 32,098
Gross profit 243,610 288,706 301,213
Operating expenses:      
Research and development expenses 38,807 29,196 42,073
Selling, general and administrative expenses 87,648 82,196 73,477
Acquisition and integration-related expenses   83 3,965
Restructuring expenses 4,095 7,061 7,168
Loss on sale of intangible asset   15,514  
Asset impairment charges 375,381 24,960 88,084
Total operating expenses 505,931 159,010 214,767
Operating income (loss) (262,321) 129,696 86,446
Other income (loss):      
Loss on extinguishment of debt (448)    
Investment income 3,166 4,753 3,768
Interest expense (84,624) (85,634) (89,420)
Other (2,018) 2,278 (244)
Total other loss (83,924) (78,603) (85,896)
Income (loss) before income taxes (346,245) 51,093 550
Income tax expense (benefit) (74,138) 22,403 1,097
Net income (loss) (272,107) 28,690 (547)
Less: Net income attributable to noncontrolling interest     34
Net income (loss) attributable to Lannett Company, Inc. $ (272,107) $ 28,690 $ (581)
Earnings (loss) per common share attributable to Lannett Company, Inc.:      
Basic (in dollars per share) $ (7.20) $ 0.77 $ (0.02)
Diluted (in dollars per share) $ (7.20) $ 0.75 $ (0.02)
Weighted average common shares outstanding:      
Basic (in shares) 37,779,812 37,127,306 36,812,524
Diluted (in shares) 37,779,812 38,162,514 36,812,524