CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
CONSOLIDATED STATEMENTS OF OPERATIONS
Net sales	$ 566,091	$ 406,837	$ 273,771
Settlement agreement	(23,598)
Total net sales	542,493	406,837	273,771
Cost of sales	237,371	100,344	97,839
Amortization of intangibles	18,629	137	1,424
JSP contract renewal cost			20,100
Gross profit	286,493	306,356	154,408
Operating expenses:
Research and development expenses	45,054	30,342	27,713
Selling, general, and administrative expenses	68,325	45,206	38,606
Acquisition and integration-related expenses	27,190	4,321
Restructuring expenses	7,166
Intangible assets impairment charge	8,000	0	0
Total operating expenses	155,735	79,869	66,319
Operating income	130,758	226,487	88,089
Other income (loss):
Loss on extinguishment of debt	(3,009)
Investment income	368	1,130	2,202
Interest expense	(65,937)	(207)	(130)
Other	(1)	12	(141)
Total other income (loss)	(68,579)	935	1,931
Income before income taxes	62,179	227,422	90,020
Income tax expense	17,322	77,430	32,857
Net income	44,857	149,992	57,163
Less: Net income attributable to noncontrolling interest	75	73	62
Net income attributable to Lannett Company, Inc.	$ 44,782	$ 149,919	$ 57,101
Earnings per common share attributable to Lannett Company, Inc.:
Basic (in dollars per share)	$ 1.23	$ 4.18	$ 1.70
Diluted (in dollars per share)	$ 1.20	$ 4.04	$ 1.62
Weighted average common shares outstanding:
Basic (in shares)	36,442,782	35,827,167	33,663,589
Diluted (in shares)	37,389,445	37,127,117	35,193,376