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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
CONSOLIDATED STATEMENTS OF OPERATIONS      
Net sales $ 684,563 $ 637,341 $ 566,091
Settlement agreement   (4,000) (23,598)
Total net sales 684,563 633,341 542,493
Cost of sales 363,729 300,030 237,371
Amortization of intangibles 32,128 32,098 18,629
Gross profit 288,706 301,213 286,493
Operating expenses:      
Research and development expenses 29,196 42,073 45,054
Selling, general and administrative expenses 82,196 73,477 68,325
Acquisition and integration-related expenses 83 3,965 27,190
Restructuring expenses 7,061 7,168 7,166
Loss on sale of intangible asset 15,514    
Asset impairment charges 24,960 88,084 8,000
Total operating expenses 159,010 214,767 155,735
Operating income 129,696 86,446 130,758
Other income (loss):      
Loss on extinguishment of debt     (3,009)
Investment income 4,753 3,768 368
Interest expense (85,634) (89,420) (65,937)
Other 2,278 (244) (1)
Total other loss (78,603) (85,896) (68,579)
Income before income taxes 51,093 550 62,179
Income tax expense 22,403 1,097 17,322
Net income (loss) 28,690 (547) 44,857
Less: Net income attributable to noncontrolling interest   34 75
Net income (loss) attributable to Lannett Company, Inc. $ 28,690 $ (581) $ 44,782
Earnings (loss) per common share attributable to Lannett Company, Inc.:      
Basic (in dollars per share) $ 0.77 $ (0.02) $ 1.23
Diluted (in dollars per share) $ 0.75 $ (0.02) $ 1.20
Weighted average common shares outstanding:      
Basic (in shares) 37,127,306 36,812,524 36,442,782
Diluted (in shares) 38,162,514 36,812,524 37,389,445