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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CONSOLIDATED STATEMENTS OF OPERATIONS    
Net sales $ 106,433 $ 93,387
Cost of sales 28,819 21,800
Amortization of intangibles 187 20
Gross profit 77,427 71,567
Operating expenses:    
Research and development expenses 6,528 6,363
Selling, general, and administrative expenses 15,536 10,483
Acquisition-related expenses 3,942 70
Total operating expenses 26,006 16,916
Operating income 51,421 54,651
Other income (loss):    
Gain on sale of assets   20
Gain (loss) on investment securities (1,196) 15
Interest and dividend income 86 102
Interest expense (60) (38)
Total other income (loss) (1,170) 99
Income before income tax 50,251 54,750
Income tax expense 17,055 19,800
Net income 33,196 34,950
Less: Net income attributable to noncontrolling interest 15 18
Net income attributable to Lannett Company, Inc. $ 33,181 $ 34,932
Earnings per common share attributable to Lannett Company, Inc.:    
Basic (in dollars per share) $ 0.91 $ 0.98
Diluted (in dollars per share) $ 0.89 $ 0.94
Weighted average common shares outstanding:    
Basic (in shares) 36,310,653 35,597,931
Diluted (in shares) 37,414,724 36,972,646