Component: (Network and Table)
Network
00200 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS
(http://www.lannett.com/role/StatementConsolidatedStatementsOfOperations)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000057725 (http://www.sec.gov/CIK)
CONSOLIDATED STATEMENTS OF OPERATIONSPeriod [Axis]
2015-07-01 - 2016-06-30
2014-07-01 - 2015-06-30
2013-07-01 - 2014-06-30
CONSOLIDATED STATEMENTS OF OPERATIONS
 
 
 
Net sales
566,091,000  
406,837,000  
273,771,000  
Settlement agreement
(23,598,000) 
  
Total net sales
542,493,000  
 
406,837,000  
 
273,771,000  
 
Cost of sales
237,371,000  
100,344,000  
97,839,000  
Amortization of intangibles
18,629,000  
137,000  
1,424,000  
JSP contract renewal cost
  
20,100,000  
Gross profit
286,493,000  
 
306,356,000  
 
154,408,000  
 
Operating expenses:
 
 
 
Research and development expenses
45,054,000  
30,342,000  
27,713,000  
Selling, general, and administrative expenses
68,325,000  
45,206,000  
38,606,000  
Acquisition and integration-related expenses
27,190,000  
4,321,000  
 
Restructuring expenses
7,166,000  
  
Intangible assets impairment charge
8,000,000  
0  
0  
Total operating expenses
155,735,000  
 
79,869,000  
 
66,319,000  
 
Operating income
130,758,000  
 
226,487,000  
 
88,089,000  
 
Other income (loss):
 
 
 
Loss on extinguishment of debt
(3,009,000) 
  
Investment income
368,000  
1,130,000  
2,202,000  
Interest expense
(65,937,000) 
(207,000) 
(130,000) 
Other
(1,000) 
12,000  
(141,000) 
Total other income (loss)
(68,579,000) 
 
935,000  
 
1,931,000  
 
Income before income taxes
62,179,000  
 
227,422,000  
 
90,020,000  
 
Income tax expense
17,322,000  
77,430,000  
32,857,000  
Net income
44,857,000  
 
149,992,000  
 
57,163,000  
 
Less: Net income attributable to noncontrolling interest
75,000  
73,000  
62,000  
Net income attributable to Lannett Company, Inc.
44,782,000  
 
149,919,000  
 
57,101,000  
 
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