0000910406-23-000014 | 10-Q | XBRL Viewer

EARNINGS PER SHARE (Tables)

6 Months Ended

Dec. 31, 2022

Computation Of Basic And Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted net income per share utilized to calculate earnings per share on the Consolidated Statements of Operations:


	Three Months Ended December 31,				Six Months Ended December 31,
	2022		2021		2022		2021
Numerator:


Net income	$	10,966	$	30,889	$	17,889	$	50,300

Denominator:
Basic weighted average shares outstanding	89,380		94,036		89,343		95,579
Effect of dilutive stock options, unvested restricted stock and unvested restricted share units	198		772		192		544
Diluted weighted average shares outstanding	89,578		94,808		89,535		96,123

ACQUISITION AND DISPOSITION (Tables)

6 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Pro Forma Information

The following table provides unaudited pro forma results of operations had the acquisition been completed at the beginning of fiscal 2022. The pro forma information reflects certain adjustments related to the acquisition but does not reflect any potential operating efficiencies or cost savings that may result from the acquisition. Accordingly, this information has been provided for illustrative purposes only and does not purport to be indicative of the actual results that would have been achieved by the Company for the periods presented or that will be achieved by the combined company in the future. The pro forma information has been adjusted to give effect to items that are directly attributable to the transactions and are expected to have a continuing impact on the combined results.



	Unaudited supplemental pro forma information
	Three Months Ended				Six Months Ended
	December 31, 2022		December 31, 2021		December 31, 2022		December 31, 2021
Net sales	$	454,208	$	500,349	$	893,559	$	985,544
Net income from operations	$	10,966	$	36,244	$	17,889	$	55,669
Diluted net income per common share from operations	$	0.12	$	0.38	$	0.20	$	0.58

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS - Fair Value Assumptions (Details) - 2022-2024 LTIP	6 Months Ended
	Dec. 31, 2022 $ / shares
Absolute TSR PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value (per target share)	$ 20.18
Risk-free interest rate	3.54%
Expected dividend yield	0.00%
Expected volatility	40.30%
Expected term	3 years
Relative TSR PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value (per target share)	$ 27.47
Risk-free interest rate	3.54%
Expected dividend yield	0.00%
Expected volatility	26.60%
Expected term	3 years

SEGMENT INFORMATION - Segment Data (Details) $ in Thousands	3 Months Ended		6 Months Ended
SEGMENT INFORMATION - Segment Data (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)
Segment Reporting [Abstract]
Number of operating segments \| segment			3
Number of reportable segments \| segment			2
Segment Reporting Information [Line Items]
Net sales	$ 454,208	$ 476,941	$ 893,559	$ 931,844
Operating Income	27,389	32,021	43,212	57,568
Operating Segments
Segment Reporting Information [Line Items]
Net sales	454,208	476,941	893,559	931,844
Operating Income	44,202	54,530	76,322	95,441
Operating Segments \| North America
Segment Reporting Information [Line Items]
Net sales	282,361	275,014	570,757	540,539
Operating Income	32,262	27,162	56,707	44,004
Operating Segments \| International
Segment Reporting Information [Line Items]
Net sales	171,847	201,927	322,802	391,305
Operating Income	11,940	27,368	19,615	51,437
Corporate and Other
Segment Reporting Information [Line Items]
Operating Income	(16,813)	(22,509)	(33,110)	(37,873)
Corporate and Other \| Productivity and Transformation Costs Initiative
Segment Reporting Information [Line Items]
Productivity and transformation costs	$ 436	$ 953	$ 530	$ 3,010

PROPERTY, PLANT AND EQUIPMENT, NET

6 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following:


	December 31, 2022		June 30, 2022
Land	$	11,177	$	11,216
Buildings and improvements	50,150		51,849
Machinery and equipment	301,240		296,398
Computer hardware and software	64,319		65,680
Furniture and fixtures	21,548		23,522
Leasehold improvements	53,753		54,999
Construction in progress	40,399		27,200
	542,586		530,864
Less: Accumulated depreciation and impairment	247,951		233,459
	$	294,635	$	297,405

Depreciation expense for the three months ended December 31, 2022 and 2021 was $8,195 and $7,244, respectively. Depreciation expense for the six months ended December 31, 2022 and 2021 was $16,262 and $14,652, respectively.

The Company recognized an impairment charge of $340 during the three months ended December 31, 2022 relating to a facility in the United States that is held for sale. The facility had a net carrying value of $1,500 and $1,840 as of December 31, 2022 and June 30, 2022 respectively.

INVESTMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Founders Table
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 8,288	$ 9,491
HHO, Hain Future, and Yeo Hiap Seng Limited
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 4,972	$ 4,965

LEASES - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Operating leases
2023 (remainder of year)	$ 9,544
2024	14,842
2025	12,564
2026	11,919
2027	11,638
Thereafter	77,290
Total lease payments	137,797
Less: Imputed interest	31,762
Total lease liabilities	106,035
Finance leases
2023 (remainder of year)	64
2024	101
2025	99
2026	74
2027	54
Thereafter	25
Total lease payments	417
Less: Imputed interest	38
Total lease liabilities	379	$ 427
Total
2023 (remainder of year)	9,608
2024	14,943
2025	12,663
2026	11,993
2027	11,692
Thereafter	77,315
Total lease payments	138,214
Less: Imputed interest	31,800
Total lease liabilities	$ 106,414	$ 121,062

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS - Narrative (Details) $ in Thousands			6 Months Ended
	Jan. 01, 2023 shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2022 USD ($) shares
President And Chief Executive Officer \| Termination benefits
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Severance costs \| $		$ 4,725	$ 4,725
Severance costs, period of installments		2 years
2022-2024 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)		82,000	82,000
2023-2025 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)		299,000	299,000
Performance Shares \| 2023-2025 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)		299,000	299,000
Performance Shares \| 2023-2025 LTIP \| Subject to Achievement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested shares during the period (in shares)			5,000
Performance Shares \| 2023-2025 LTIP \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of targeted award			0.00%
Performance Shares \| 2023-2025 LTIP \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of targeted award			200.00%
Restricted Stock Units \| Tranche One \| Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based payment award, vested of Percentage	0.3333
Restricted Stock Units \| Tranche Two \| Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based payment award, vested of Percentage	0.3333
Restricted Stock Units \| Tranche Three \| Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based payment award, vested of Percentage	0.3333
Restricted Stock Units \| 2023-2025 LTIP \| President And Chief Executive Officer \| Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)	36,000
Restricted Stock Units \| 2023-2025 LTIP \| Subject to Achievement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested shares during the period (in shares)			161,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense \| $		$ 26,765	$ 26,765
Period for recognition (in years)			2 years
Relative TSR PSUs \| 2023-2025 LTIP \| President And Chief Executive Officer \| Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)	36,000
Relative TSR PSUs \| 2023-2025 LTIP \| Subject to Achievement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested shares during the period (in shares)			200,000
Absolute TSR PSUs \| 2023-2025 LTIP \| President And Chief Executive Officer \| Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)	18,000
Absolute TSR PSUs \| 2023-2025 LTIP \| Subject to Achievement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested shares during the period (in shares)			99,000
Vesting period			3 years
Make-Whole Restricted Stock Award \| President And Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)		95,000	95,000

ACQUISITION AND DISPOSITION

6 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

ACQUISITION AND DISPOSITION

Acquisition

That's How We Roll

On December 28, 2021, the Company acquired all outstanding stock of THWR, the producer and marketer of ParmCrisps® and Thinsters®, deepening the Company's position in the snacking category. Consideration for the transaction consisted of cash, net of cash acquired, totaling $260,185. Of the total consideration, $259,985 was paid with the remaining $200 payable as of December 31, 2022. The acquisition was funded with borrowings under the Credit Agreement (as defined in Note 9, Debt and Borrowings).

During the three months ended December 31, 2022 the Company finalized the purchase price allocation and recognized a measurement period adjustment of $794 to acquired deferred tax assets, with a related impact to goodwill. Results of THWR are included in the United States operating segment, a component of the North America reportable segment. THWR's net sales included in our consolidated results were 3.5% of consolidated net sales for the three and six months ended December 31, 2022.



	Unaudited supplemental pro forma information
	Three Months Ended				Six Months Ended
	December 31, 2022		December 31, 2021		December 31, 2022		December 31, 2021
Net sales	$	454,208	$	500,349	$	893,559	$	985,544
Net income from operations	$	10,966	$	36,244	$	17,889	$	55,669
Diluted net income per common share from operations	$	0.12	$	0.38	$	0.20	$	0.58

The Company's acquisition is described in more detail in Note 4, Acquisitions and Dispositions, in the Notes to the Consolidated Financial Statements in the Form 10-K.

Disposition

Westbrae Natural®

On December 15, 2022, the Company completed the divestiture of its Westbrae Natural® brand ("Westbrae") for total cash consideration of $7,498. The sale of Westbrae is consistent with the Company’s portfolio simplification process. Westbrae operated out of the United States and was part of the Company’s North America reportable segment. During the three months ended December 31, 2022, the Company deconsolidated the net assets of Westbrae, primarily consisting of $3,054 of goodwill, and recognized a pre-tax gain on sale of $3,359.

SEGMENT INFORMATION - Long-lived Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Segment Reporting Information [Line Items]
Long-lived assets	$ 396,009	$ 412,096
United States
Segment Reporting Information [Line Items]
Long-lived assets	170,184	182,038
United Kingdom
Segment Reporting Information [Line Items]
Long-lived assets	132,116	133,213
All Other
Segment Reporting Information [Line Items]
Long-lived assets	$ 93,709	$ 96,845

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS - Compensation Cost And Related Income Tax Benefits Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Related income tax benefit	$ 552	$ 434	$ 954	$ 707
Selling, general and administrative expense
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 3,435	$ 4,156	$ 7,429	$ 8,443

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS - Non-Vested Restricted Stock And Restricted Share Unit Awards (Details) - RSAs, RSUs, and PSUs shares in Thousands	6 Months Ended
	Dec. 31, 2022 $ / shares shares
Number of Shares and Units
Non-vested restricted stock, restricted share units, and performance units, beginning balance (shares) \| shares	790
Granted (shares) \| shares	1,003
Vested (shares) \| shares	(166)
Forfeited (shares) \| shares	(335)
Non-vested restricted stock, restricted share units, and performance units, ending balance (shares) \| shares	1,292
Weighted Average Grant Date Fair Value (per share)
Non-vested restricted stock, restricted share units, and performance units beginning balance (USD per share) \| $ / shares	$ 42.44
Granted (USD per share) \| $ / shares	21.39
Vested (USD per share) \| $ / shares	39.20
Forfeited (USD per share) \| $ / shares	37.28
Non-vested restricted stock, restricted share units, and performance units ending balance (USD per share) \| $ / shares	$ 29.37

DERIVATIVES AND HEDGING ACTIVITIES - Fair Value Hedges and Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of loss reclassified from AOCL into income	$ 10,966	$ 6,923	$ 30,889	$ 19,411	$ 17,889	$ 50,300
Cross-currency swap \| Fair Value Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in Income (Expense) on Derivatives	(1,416)		0		122	0
Cross-currency swap \| Fair Value Hedging \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain Loss From Fair Value Hedges Attributable To Parent
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest and other financing expense, net	123		0		246	0
Cross-currency swap \| Fair Value Hedging \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain Loss From Fair Value Hedges Attributable To Parent \| Cost of sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of loss reclassified from AOCL into income	0		0		0	0
Cross-currency swap \| Fair Value Hedging \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain Loss From Fair Value Hedges Attributable To Parent \| Interest and other financing expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of loss reclassified from AOCL into income	(2,107)		0		(296)	0
Cross-currency swap \| Fair Value Hedging \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain Loss From Fair Value Hedges Attributable To Parent \| Other expense/income, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of loss reclassified from AOCL into income			$ 0		$ 0	$ 0

LEASES

6 Months Ended

Dec. 31, 2022

Leases [Abstract]

LEASES

The Company leases office space, warehouse and distribution facilities, manufacturing equipment and vehicles primarily in North America and Europe. The Company determines if an arrangement is or contains a lease at inception. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The Company’s lease agreements generally do not contain residual value guarantees or material restrictive covenants.

Some of the Company’s leases contain variable lease payments, which are expensed as incurred unless those payments are based on an index or rate. Variable lease payments based on an index or rate are initially measured using the index or rate in effect at lease commencement and included in the measurement of the lease liability; thereafter, changes to lease payments due to rate or index changes are recorded as variable lease expense in the period incurred. The Company does not have any related party leases, and sublease transactions are de minimis.

The components of lease expenses for the three and six months ended December 31, 2022 were as follows:


	Three Months Ended				Six Months Ended
	December 31, 2022		December 31, 2021		December 31, 2022		December 31, 2021
Operating lease expenses	$	2,238	$	3,665	$	7,213	$	7,417



Finance lease expenses	71		67		140		137
Variable lease expenses	169		306		349		709
Short-term lease expenses	390		677		886		2,042
Total lease expenses	$	2,868	$	4,715	$	8,588	$	10,305

Supplemental balance sheet information related to leases was as follows:


Leases	Classification	December 31, 2022		June 30, 2022
Assets
Operating lease ROU assets, net	Operating lease right-of-use assets, net	$	101,374	$	114,691

Finance lease ROU assets, net	Property, plant and equipment, net	366		413

Total leased assets		$	101,740	$	115,104

Liabilities
Current
Operating	Accrued expenses and other current liabilities	$	13,448	$	13,154

Finance	Current portion of long-term debt	100		149

Non-current
Operating	Operating lease liabilities, noncurrent portion	92,587		107,481
Finance	Long-term debt, less current portion	279		278
Total lease liabilities		$	106,414	$	121,062

Additional information related to leases is as follows:


	Six Months Ended
	December 31, 2022			December 31, 2021
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	8,173		$	7,560
Operating cash flows from finance leases	$	9		$	10
Financing cash flows from finance leases	$	106		$	123
ROU assets obtained in exchange for lease obligations:
Operating leases(1)	$	(4,764)		$	3,182
Finance leases	$	60		$	116
ROU assets obtained in connection with an acquisition:
Operating leases	$	—		$	4,098
Weighted average remaining lease term:
Operating leases	10.7 years			9.5 years
Finance leases	4.1 years			4.2 years
Weighted average discount rate:
Operating leases	4.7		%	3.2		%
Finance leases	4.6		%	3.9		%

(1) Includes adjustment for modification of an operating lease during the three months ended December 31, 2022 which resulted in a reduction of ROU assets and lease liabilities of $13,876 and $17,244 respectively, and recognition of a gain of $3,368 related to the modification.

Maturities of lease liabilities as of December 31, 2022 were as follows:


Fiscal Year	Operating leases		Finance leases		Total
2023 (remainder of year)	$	9,544	$	64	$	9,608
2024	14,842		101		14,943
2025	12,564		99		12,663
2026	11,919		74		11,993
2027	11,638		54		11,692
Thereafter	77,290		25		77,315
Total lease payments	137,797		417		138,214
Less: Imputed interest	31,762		38		31,800
Total lease liabilities	$	106,035	$	379	$	106,414

LEASES

The components of lease expenses for the three and six months ended December 31, 2022 were as follows:


	Three Months Ended				Six Months Ended
	December 31, 2022		December 31, 2021		December 31, 2022		December 31, 2021
Operating lease expenses	$	2,238	$	3,665	$	7,213	$	7,417



Finance lease expenses	71		67		140		137
Variable lease expenses	169		306		349		709
Short-term lease expenses	390		677		886		2,042
Total lease expenses	$	2,868	$	4,715	$	8,588	$	10,305

Supplemental balance sheet information related to leases was as follows:


Leases	Classification	December 31, 2022		June 30, 2022
Assets
Operating lease ROU assets, net	Operating lease right-of-use assets, net	$	101,374	$	114,691

Finance lease ROU assets, net	Property, plant and equipment, net	366		413

Total leased assets		$	101,740	$	115,104

Liabilities
Current
Operating	Accrued expenses and other current liabilities	$	13,448	$	13,154

Finance	Current portion of long-term debt	100		149

Non-current
Operating	Operating lease liabilities, noncurrent portion	92,587		107,481
Finance	Long-term debt, less current portion	279		278
Total lease liabilities		$	106,414	$	121,062

Additional information related to leases is as follows:


	Six Months Ended
	December 31, 2022			December 31, 2021
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	8,173		$	7,560
Operating cash flows from finance leases	$	9		$	10
Financing cash flows from finance leases	$	106		$	123
ROU assets obtained in exchange for lease obligations:
Operating leases(1)	$	(4,764)		$	3,182
Finance leases	$	60		$	116
ROU assets obtained in connection with an acquisition:
Operating leases	$	—		$	4,098
Weighted average remaining lease term:
Operating leases	10.7 years			9.5 years
Finance leases	4.1 years			4.2 years
Weighted average discount rate:
Operating leases	4.7		%	3.2		%
Finance leases	4.6		%	3.9		%

Maturities of lease liabilities as of December 31, 2022 were as follows:


Fiscal Year	Operating leases		Finance leases		Total
2023 (remainder of year)	$	9,544	$	64	$	9,608
2024	14,842		101		14,943
2025	12,564		99		12,663
2026	11,919		74		11,993
2027	11,638		54		11,692
Thereafter	77,290		25		77,315
Total lease payments	137,797		417		138,214
Less: Imputed interest	31,762		38		31,800
Total lease liabilities	$	106,035	$	379	$	106,414

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 2,085	$ 1,731
Preferred stock, par value (USD per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (shares)	5,000,000	5,000,000
Preferred stock, shares issued (shares)	0	0
Preferred stock, shares outstanding (shares)	0	0
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized (shares)	150,000,000	150,000,000
Common stock, shares issued (shares)	111,256,000	111,090,000
Common stock, shares, outstanding (shares)	89,419,000	89,302,000
Treasury stock (shares)	21,837,000	21,788,000

BUSINESS	6 Months Ended
BUSINESS	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS	BUSINESS The Hain Celestial Group, Inc., a Delaware corporation (collectively with its subsidiaries, the “Company,” “Hain Celestial,” “we,” “us” or “our”), was founded in 1993 and is headquartered in Lake Success, New York. The Company’s mission has continued to evolve since its founding, with health and wellness being the core tenet. The Company continues to be a leading marketer, manufacturer, and seller of organic and natural, “better-for-you” products by anticipating and exceeding consumer expectations in providing quality, innovation, value and convenience. The Company is committed to growing sustainably while continuing to implement environmentally sound business practices and manufacturing processes. Hain Celestial sells its products through specialty and natural food distributors, supermarkets, natural food stores, mass-market and e-commerce retailers, food service channels and club, drug, and convenience stores in over 75 countries worldwide. The Company operates under two reportable segments: North America and International. Acquisition On December 28, 2021, the Company acquired all outstanding stock of Proven Brands, Inc. (and its subsidiary That's How We Roll LLC) and KTB Foods Inc., collectively doing business as "That's How We Roll" ("THWR"), the producer and marketer of ParmCrisps® and Thinsters®. See Note 4, Acquisition and Disposition, for details.

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS

6 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS

Under the Company's Amended and Restated 2002 Long-Term Incentive and Stock Award Plan (the "2002 Plan"), the Company historically granted equity-based awards to its officers, senior management, other key employees, consultants, and directors. The Company currently utilizes a stockholder-approved plan, The Hain Celestial Group, Inc. 2022 Long Term Incentive and Stock Award Plan (the “2022 Plan”) which was approved at the Company’s 2022 Annual Meeting of Stockholders held on November 17, 2022. The 2022 Plan permits the Company to continue making equity-based and other incentive awards in a manner intended to properly incentivize its employees, directors, consultants and other service providers by aligning their interests with the interests of the Company’s stockholders. The Company also historically granted shares under its 2019 Equity Inducement Award Program (the "2019 Inducement Program") to induce selected individuals to become employees of the Company. The 2002 Plan, the 2022 Plan and the 2019 Inducement Program are collectively referred to as the "Stock Award Plans." In conjunction with the Stock Award Plans, the Company maintains a long-term incentive program (the “LTI Program” or "LTIP") that provides for equity awards, including performance and market-based equity awards that can be earned over defined performance periods. The Company's LTIP plans, with the exception of the 2023 - 2025 LTIP described below, are described in Note 13, Stock-Based Compensation and Incentive Performance Plans, in the Notes to the Consolidated Financial Statements in the Form 10-K.

Compensation cost and related income tax benefits recognized in the Consolidated Statements of Operations for stock-based compensation plans were as follows:


	Three Months Ended December 31,				Six Months Ended December 31,
	2022		2021		2022		2021
Selling, general and administrative expense	$	3,435	$	4,156	$	7,429	$	8,443



Related income tax benefit	$	552	$	434	$	954	$	707

Restricted Stock

Awards of restricted stock are either restricted stock awards ("RSAs") or restricted stock units ("RSUs") that are issued at no cost to the recipient. Performance-based or market-based RSUs are issued in the form of performance share units ("PSUs"). A summary of the restricted stock activity (including all RSAs, RSUs and PSUs) for the six months ended December 31, 2022 is as follows:


	Number of Shares and Units	Weighted Average Grant Date Fair Value (per share)
Non-vested RSAs, RSUs and PSUs outstanding at June 30, 2022	790	$	42.44
Granted	1,003	$	21.39
Vested	(166)	$	39.20
Forfeited	(335)	$	37.28
Non-vested RSAs, RSUs and PSUs outstanding at December 31, 2022	1,292	$	29.37

The table above includes a total of 299 shares granted during the six months ended December 31, 2022 that represent the target number of shares that may be earned based on pre-defined market conditions that are eligible to vest ranging from zero to 200% of target. All such shares relate to the 2023 – 2025 LTIP as further described below. Vested shares during the six months ended December 31, 2022 include a total of 5 shares related to certain performance-based metrics being met and a total of 161 shares related to service-based RSUs. There are market-based PSU awards outstanding under both the 2023 – 2025 LTIP and the 2022 – 2024 LTIP. At December 31, 2022, 299 of such shares were outstanding under the 2023 – 2025 LTIP while 82 shares were outstanding under the 2022 – 2024 LTIP.

The fair value of RSAs, RSUs and PSUs granted and of shares vested, and the tax benefit recognized from restricted shares vesting was as follows:


	Six Months Ended December 31,
	2022		2021
Fair value of RSAs, RSUs and PSUs granted	$	21,457	$	34,678
Fair value of shares vested	$	3,317	$	68,017
Tax benefit recognized from restricted shares vesting	$	502	$	3,532

At December 31, 2022, there was $26,765 of unrecognized stock-based compensation expense related to non-vested restricted stock awards which is expected to be recognized over a weighted average period of 2.0 years.

2023-2025 LTIP

During the six months ended December 31, 2022, the Company granted market-based PSU awards under the LTI Program with a total target payout of 299 shares of common stock. Such PSU awards (the "Absolute TSR PSUs") will vest, if at all, pursuant to a defined calculation of either relative TSR or absolute TSR (as defined) over the period from September 6, 2022 through the earlier of (i) September 6, 2025; (ii) the date the participant’s employment is terminated due to death or Disability (as defined); or (iii) the effective date of a Change in Control (as defined) (the “TSR Performance Period”). Vesting of 200 target shares of the outstanding PSU awards is pursuant to a defined calculation of relative TSR over the TSR Performance Period (the “Relative TSR PSUs”). Vesting of 99 target shares of the outstanding PSU awards is pursuant to the achievement of pre-established three-year compound annual TSR targets over the TSR Performance Period (the “Absolute TSR PSUs”). Total shares eligible to vest for both the Relative TSR PSUs and Absolute TSR PSUs range from zero to 200% of the target amount. Grant date fair values are calculated using a Monte-Carlo simulation model with grant date fair values per target share and related valuation assumptions as follows:


	Absolute TSR PSUs		Relative TSR PSUs
Grant date fair value (per target share)	$20.18		$27.47
Risk-free interest rate	3.54	%	3.54	%
Expected dividend yield	—		—
Expected volatility	40.30	%	26.60	%
Expected term	3.00 years		3.00 years

CEO Succession

On November 22, 2022, the Board approved a succession plan pursuant to which Mark L. Schiller transitioned from his position as President and Chief Executive Officer of the Company effective as of December 31, 2022 (the “Transition Date”). Mr. Schiller remains a director on the Board following the Transition Date. As of the Transition Date, certain of Mr. Schiller's stock-based compensation awards were modified and others were forfeited. Additionally, Mr. Schiller will receive severance totaling $4,725, paid in installments over a two-year period following the Transition Date. Severance, including payroll taxes and other costs, was recognized during the three months ended December 31, 2022, and is accrued at December 31, 2022. The Board appointed Wendy P. Davidson to the role of President and Chief Executive Officer and as a director on the Board, in each case effective as of January 1, 2023 (the “Start Date”).

On the Start Date, Ms. Davidson received the following awards under the 2023-2025 LTIP: 36 Relative TSR PSUs (at target), 18 Absolute TSR PSUs (at target) and 36 RSUs. The Relative TSR PSUs and Absolute TSR PSUs have the same TSR Performance Period, performance goals and beginning stock price as those applicable to awards granted to other employees under the 2023-2025 LTIP. The RSUs will vest in one-third (1/3) installments on each of September 6, 2023, 2024 and 2025. Additionally, in recognition of the compensation Ms. Davidson forfeited by leaving her former employer, on the Start Date Ms. Davidson also received a one-time make-whole RSU award of 95 RSUs that will vest in one-third (1/3) installments on each of the first, second and third anniversaries of the Start Date.

DERIVATIVES AND HEDGING ACTIVITIES - Pre-Tax Effect of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain (loss) reclassified from AOCL into income	$ 17,639	$ 38,499	$ 27,575	$ 62,978
Interest Rate Swap \| Cost of sales \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain (loss) reclassified from AOCL into income	0	0	0	0
Interest Rate Swap \| Interest and other financing expense, net \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain (loss) reclassified from AOCL into income	1,988	(105)	3,135	(209)
Interest Rate Swap \| Other expense/income, net \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain (loss) reclassified from AOCL into income	0	0	0	0
Cross-currency swap \| Interest and other financing expense, net \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain (loss) reclassified from AOCL into income	$ (115)	44	$ (230)	85
Cross-currency swap \| Other expense/income, net \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain (loss) reclassified from AOCL into income		620		1,317
Foreign currency forward contracts \| Cost of sales \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain (loss) reclassified from AOCL into income		$ 26		$ 26

INVENTORIES (Tables)

6 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Components of Inventories

Inventories consisted of the following:


	December 31, 2022		June 30, 2022
Finished goods	$	194,071	$	202,544
Raw materials, work-in-progress and packaging	130,454		105,490
	$	324,525	$	308,034

EARNINGS PER SHARE

6 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted net income per share utilized to calculate earnings per share on the Consolidated Statements of Operations:


	Three Months Ended December 31,				Six Months Ended December 31,
	2022		2021		2022		2021
Numerator:


Net income	$	10,966	$	30,889	$	17,889	$	50,300

Denominator:
Basic weighted average shares outstanding	89,380		94,036		89,343		95,579
Effect of dilutive stock options, unvested restricted stock and unvested restricted share units	198		772		192		544
Diluted weighted average shares outstanding	89,578		94,808		89,535		96,123

There were 372 and 316 restricted stock awards excluded from our calculation of diluted net income per share for the three months ended December 31, 2022 and 2021, respectively, as such awards were anti-dilutive. There were 453 and 158 stock-based awards comprised of restricted stock awards and stock options excluded from the calculation of diluted net income per share for the six months ended December 31, 2022 and 2021, respectively, as such awards were anti-dilutive.

Additionally, 401 and 76 stock-based awards outstanding at December 31, 2022 and 2021, respectively, were excluded from the calculation of diluted net income per share for the three months ended December 31, 2022 and 2021, respectively, as such awards were contingently issuable based on market or performance conditions, and such conditions had not been achieved during the respective periods. Furthermore, 286 and 76 stock-based awards outstanding at December 31, 2022 and 2021, respectively, were excluded from the calculation of diluted net income per share for the six months ended December 31, 2022 and 2021, respectively, as such awards were contingently issuable based on market or performance conditions, and such conditions had not been achieved during the respective periods.

Share Repurchase Program

In January 2022, the Company's Board of Directors (the "Board") authorized the repurchase of up to $200,000 of the Company’s issued and outstanding common stock. Repurchases may be made from time to time in the open market, pursuant to pre-set trading plans, in private transactions or otherwise. The current authorization does not have a stated expiration date. The extent to which the Company repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations. During the six months ended December 31, 2022, the Company did not repurchase any shares under the repurchase program. As of December 31, 2022, the Company had $173,514 of remaining authorization under the share repurchase program. During the six months ended December 31, 2021, the Company repurchased 6,552 shares under the repurchase program for a total of $265,420 excluding commissions, at an average price of $40.50 per share. Repurchases made during the six months ended December 31, 2021, were made under a previous Board authorization.

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of acquired intangibles	$ 2,785	$ 2,050	$ 5,573	$ 4,145

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Securities Class Actions Filed in Federal Court On August 17, 2016, three securities class action complaints were filed in the Eastern District of New York (the "District Court") against the Company alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The three complaints are: (1) Flora v. The Hain Celestial Group, Inc., et al. (the “Flora Complaint”); (2) Lynn v. The Hain Celestial Group, Inc., et al. (the “Lynn Complaint”); and (3) Spadola v. The Hain Celestial Group, Inc., et al. (the “Spadola Complaint” and, together with the Flora and Lynn Complaints, the “Securities Complaints”). On June 5, 2017, the District Court issued an order for consolidation, appointment of Co-Lead Plaintiffs and approval of selection of co-lead counsel. Pursuant to this order, the Securities Complaints were consolidated under the caption In re The Hain Celestial Group, Inc. Securities Litigation (the “Consolidated Securities Action”), and Rosewood Funeral Home and Salamon Gimpel were appointed as Co-Lead Plaintiffs. On June 21, 2017, the Company received notice that plaintiff Spadola voluntarily dismissed his claims without prejudice to his ability to participate in the Consolidated Securities Action as an absent class member. The Co-Lead Plaintiffs in the Consolidated Securities Action filed a Consolidated Amended Complaint on August 4, 2017 and a Corrected Consolidated Amended Complaint on September 7, 2017 on behalf of a purported class consisting of all persons who purchased or otherwise acquired Hain Celestial securities between November 5, 2013 and February 10, 2017 (the “Amended Complaint”). The Amended Complaint named as defendants the Company and certain of its former officers (collectively, “Defendants”) and asserted violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 based on allegedly materially false or misleading statements and omissions in public statements, press releases and SEC filings regarding the Company’s business, prospects, financial results and internal controls. Defendants filed a motion to dismiss the Amended Complaint on October 3, 2017 which the District Court granted on March 29, 2019, dismissing the case in its entirety, without prejudice to replead. Co-Lead Plaintiffs filed a Second Amended Consolidated Class Action Complaint on May 6, 2019 (the “Second Amended Complaint”). The Second Amended Complaint again named as defendants the Company and certain of its former officers and asserts violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 based on allegations similar to those in the Amended Complaint, including materially false or misleading statements and omissions in public statements, press releases and SEC filings regarding the Company’s business, prospects, financial results, and internal controls. Defendants filed a motion to dismiss the Second Amended Complaint on June 20, 2019. On April 6, 2020, the District Court granted Defendants’ motion to dismiss the Second Amended Complaint in its entirety, with prejudice. Co-Lead Plaintiffs appealed the District Court’s decision dismissing the Second Amended Complaint to the United States Court of Appeals for the Second Circuit (the "Second Circuit"). By decision dated December 17, 2021, the Second Circuit vacated the District Court’s judgment and remanded the case for further proceedings. On April 6, 2022, the District Court issued an order directing the parties to submit position papers outlining their views regarding: (a) the scope of the Court's reconsideration of Defendants’ Motion to Dismiss the Second Amended Complaint; and (b) the appropriate procedure the Court should follow in light of the Second Circuit's opinion. On April 14, 2022, the District Court entered an order setting the schedule for, and determining the scope of, supplemental briefing on Defendants’ Motion to Dismiss the Second Amended Complaint. The parties submitted supplemental briefing between May 12, 2022 and June 23, 2022. In June 2022, the District Court referred Defendants’ Motion to Dismiss the Second Amended Complaint to a United States Magistrate Judge (the “Magistrate Judge”) for a Report and Recommendation. On November 4, 2022, the Magistrate Judge issued a Report and Recommendation recommending that the District Court grant Defendants’ Motion to Dismiss the Second Amended Complaint with prejudice. Plaintiffs filed Objections to Magistrate Judge’s November 4, 2022 Report and Recommendation on December 7, 2022, and Defendants filed their Opposition to Plaintiffs’ Objections to Magistrate Judge’s November 4, 2022 Report and Recommendation on January 9, 2023. The Parties await a decision from the District Court on Defendants’ Motion to Dismiss the Second Amended Complaint. Additional Stockholder Class Action and Derivative Complaints Filed in Federal Court On April 19, 2017 and April 26, 2017, two class action and stockholder derivative complaints were filed in the Eastern District of New York against the former Board of Directors and certain former officers of the Company under the captions Silva v. Simon, et al. (the “Silva Complaint”) and Barnes v. Simon, et al. (the “Barnes Complaint”), respectively. Both the Silva Complaint and the Barnes Complaint allege violation of securities law, breach of fiduciary duty, waste of corporate assets and unjust enrichment. On May 23, 2017, an additional stockholder filed a complaint under seal in the Eastern District of New York against the former Board of Directors and certain former officers of the Company. The complaint alleged that the Company’s former directors and certain former officers made materially false and misleading statements in press releases and SEC filings regarding the Company’s business, prospects and financial results. The complaint also alleged that the Company violated its by-laws and Delaware law by failing to hold its 2016 Annual Stockholders Meeting and includes claims for breach of fiduciary duty, unjust enrichment and corporate waste. On August 9, 2017, the District Court granted an order to unseal this case and reveal Gary Merenstein as the plaintiff (the “Merenstein Complaint”). On August 10, 2017, the District Court granted the parties' stipulation to consolidate the Barnes Complaint, the Silva Complaint and the Merenstein Complaint under the caption In re The Hain Celestial Group, Inc. Stockholder Class and Derivative Litigation (the “Consolidated Stockholder Class and Derivative Action”) and to appoint Robbins Arroyo LLP and Scott+Scott as Co-Lead Counsel, with the Law Offices of Thomas G. Amon as Liaison Counsel for Plaintiffs. On September 14, 2017, a related complaint was filed under the caption Oliver v. Berke, et al. (the “Oliver Complaint”), and on October 6, 2017, the Oliver Complaint was consolidated with the Consolidated Stockholder Class and Derivative Action. The Plaintiffs filed their consolidated amended complaint under seal on October 26, 2017. On December 20, 2017, the parties agreed to stay Defendants’ time to answer, move, or otherwise respond to the consolidated amended complaint through and including 30 days after a decision was rendered on the motion to dismiss the Amended Complaint in the Consolidated Securities Action, described above. On March 29, 2019, the District Court in the Consolidated Securities Action granted Defendants’ motion, dismissing the Amended Complaint in its entirety, without prejudice to replead. Co-Lead Plaintiffs in the Consolidated Securities Action filed the Second Amended Complaint on May 6, 2019. The parties to the Consolidated Stockholder Class and Derivative Action agreed to continue the stay of Defendants’ time to answer, move, or otherwise respond to the consolidated amended complaint through 30 days after a decision on Defendants' motion to dismiss the Second Amended Complaint in the Consolidated Securities Action. On April 6, 2020, the District Court granted Defendants’ motion to dismiss the Second Amended Complaint in the Consolidated Securities Action, with prejudice. Pursuant to the terms of the stay, Defendants in the Consolidated Stockholder Class and Derivative Action had until May 6, 2020 to answer, move, or otherwise respond to the complaint in this matter. This deadline was extended, and Defendants moved to dismiss the Consolidated Stockholder Class and Derivative Action Complaint on June 23, 2020, with Plaintiffs’ opposition due August 7, 2020. On July 24, 2020, Plaintiffs made a stockholder litigation demand on the current Board containing overlapping factual allegations to those set forth in the Consolidated Stockholder Class and Derivative Action. On August 10, 2020, the District Court vacated the briefing schedule on Defendants’ pending motion to dismiss in order to give the Board of Directors time to consider the demand. On each of September 8 and October 8, 2020, the District Court extended its stay of any applicable deadlines for 30 days to give the Board of Directors additional time to complete its evaluation of the demand. On November 3, 2020, Plaintiffs were informed that the Board of Directors had finished investigating and resolved, among other things, that the demand should be rejected. On November 6, 2020, Plaintiffs and Defendants notified the District Court that Plaintiffs were evaluating the rejection of the demand, sought certain additional information and were assessing next steps, and requested that the District Court extend the stay for an additional 30 days, to on or around December 7, 2020. The Parties then filed a number of additional joint status reports, requesting that the District Court continue the stay of applicable deadlines through December 30, 2021. In light of the Second Circuit vacating the District Court’s judgment in the Consolidated Securities Action referenced above and remanding the case for further proceedings, the Parties submitted a joint status report on December 29, 2021 requesting that the District Court continue the temporary stay pending the District Court’s reconsideration of the Defendants’ motion to dismiss the Second Amended Complaint in the Consolidated Securities Action. The District Court has extended the temporary stay through April 30, 2023. Baby Food Litigation Since February 2021, the Company has been named in numerous consumer class actions alleging that the Company’s Earth’s Best® baby food products (the “Products”) contain unsafe and undisclosed levels of various naturally occurring heavy metals, namely lead, arsenic, cadmium and mercury. Those actions have now been transferred and consolidated as a single lawsuit in the U.S. District Court for the Eastern District of New York captioned In re Hain Celestial Heavy Metals Baby Food Litigation, Case No. 2:21-cv-678 (the "Consolidated Proceeding"), which generally alleges that the Company violated various state consumer protection laws and asserts other state and common law warranty and unjust enrichment claims related to the alleged failure to disclose the presence of these metals, arguing that consumers would have either not purchased the Products or would have paid less for them had the Company made adequate disclosures. The Court appointed interim class counsel for Plaintiffs in the Consolidated Proceeding, and Plaintiffs filed a Consolidated Amended Class Action Complaint on March 18, 2022. The Company filed a motion to dismiss the Consolidated Class Action Complaint on November 7, 2022. The plaintiffs filed their opposition on December 22, 2022, and the Company filed its reply brief on January 20, 2023. One consumer class action is pending in New York Supreme Court, Nassau County, which the court has stayed in deference to the Consolidated Proceeding. The Company denies the allegations in these lawsuits and contends that its baby foods are safe and properly labeled. The claims raised in these lawsuits were brought in the wake of a highly publicized report issued by the U.S. House of Representatives Subcommittee on Economic and Consumer Policy on Oversight and Reform, dated February 4, 2021 (the “House Report”), addressing the presence of heavy metals in baby foods made by certain manufacturers, including the Company. Since the publishing of the House Report, the Company has also received information requests with respect to the advertising and quality of its baby foods from certain governmental authorities, as such authorities investigate the claims made in the House Report. The Company is fully cooperating with these requests and is providing documents and other requested information. The Company has been named in one civil government enforcement action, State of New Mexico ex rel. Balderas v. Nurture, Inc., et al., which was filed by the New Mexico Attorney General against the Company and several other manufacturers based on the alleged presence of heavy metals in their baby food products. The Company and several other manufacturers moved to dismiss the New Mexico Attorney General’s lawsuit, which motion the Court denied. The Company filed its answer to the New Mexico Attorney General’s amended complaint on April 23, 2022. The Company denies the New Mexico Attorney General’s allegations and maintains that its baby foods are safe, properly labeled, and compliant with New Mexico law. In addition to the consumer class actions discussed above, the Company is currently named in six lawsuits in state and federal courts alleging some form of personal injury from the ingestion of the Company’s Products, purportedly due to unsafe and undisclosed levels of various naturally occurring heavy metals. These lawsuits generally allege injuries related to neurological development disorders such as autism and attention deficit hyperactivity disorder. •In the matter, Palmquist et al. v. The Hain Celestial Group, Inc., pending in U.S. District Court, Southern District of Texas, the trial proceedings commenced on February 6, 2023. •In the matter, NC v. The Hain Celestial Group, et al., pending in Superior Court for the State of California, County of Los Angeles, the Court has set a trial date of October 4, 2023. The parties are currently engaging in discovery. Fact discovery is set to close on March 24, 2023, and expert discovery is set to close on May 5, 2023. •There are currently two Nevada state court cases pending in Clark County District Court. The cases, Benitez v. Beech-Nut Nutrition Company, Inc., et al. and Buenaventura v. Beech-Nut Nutrition Company, Inc., et al., have been consolidated for the purposes of discovery only. In Benitez, the Court issued a scheduling order in September 2022. Pursuant to this Order, discovery will close on March 7, 2024 and the case is set the case for trial starting on July 29, 2024. There has been no further activity in the Buenaventura case. •In Watkins v. Plum, PBC, et al., currently pending in the United States District Court for the Eastern District of Louisiana, the Court has set the case for trial beginning on August 28, 2023. The parties have started to engage in discovery. •On January 9, 2023, Plaintiffs in P.A. et al. v. Hain Celestial Group, Inc. filed their First Amended Complaint in the Circuit Court of the First Circuit, State of Hawai’i. Defendants have not yet responded to this Complaint. The Company denies that its Products led to any of the alleged injuries and will defend these cases vigorously. That said, additional lawsuits may be filed against the Company in the future, asserting similar or different legal theories and seeking similar or different types of damages and relief. Such lawsuits may be resolved in a manner adverse to us, and we may incur substantial costs or damages not covered by our insurance, which could have a material adverse effect on our financial condition and business. Other In addition to the litigation described above, the Company is and may be a defendant in lawsuits from time to time in the normal course of business. With respect to all litigation and related matters, the Company records a liability when the Company believes it is probable that a liability has been incurred and the amount can be reasonably estimated. As of the end of the period covered by this report, the Company has not recorded a liability for any of the matters disclosed in this note. It is possible that some matters could require the Company to pay damages, incur other costs or establish accruals in amounts that could not be reasonably estimated as of the end of the period covered by this report.

INVESTMENTS	6 Months Ended
INVESTMENTS	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS	INVESTMENTS On October 27, 2015, the Company acquired a minority equity interest in Chop’t Creative Salad Company LLC, predecessor to Founders Table Restaurant Group, LLC (“Founders Table”). Founders Table owns and operates the fast-casual restaurant chains Chop't Creative Salad Co. and Dos Toros Taqueria. The investment is being accounted for as an equity method investment due to the Company’s representation on the Board of Directors of Founders Table. At December 31, 2022 and June 30, 2022, the carrying value of the Company’s investment in Founders Table was $8,288 and $9,491, respectively, and is included in the Consolidated Balance Sheets as a component of Investments and joint ventures. The Company also holds an investment in Hutchison Hain Organic Holdings Limited, a joint venture with HUTCHMED (China) Limited, accounted for under the equity method of accounting. The carrying value of the remaining investments were $4,972 and $4,965 as of December 31, 2022 and June 30, 2022, respectively, and is included in the Consolidated Balance Sheets as a component of Investments and joint ventures.

DEBT AND BORROWINGS - Components Of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Line of Credit Facility [Line Items]
Less: Unamortized issuance costs	$ (1,495)	$ (1,105)
Other borrowings	397	498
Long-term debt	878,402	888,643
Short-term borrowings and current portion of long-term debt	7,602	7,705
Long-term debt, less current portion	870,800	880,938
Total lease liabilities	379	427
Current finance liabilities	100	149
Amended and Restated Credit Agreement \| Term loans
Line of Credit Facility [Line Items]
Debt, gross	292,500	296,250
Amended and Restated Credit Agreement \| Revolving credit facility \| Line of Credit
Line of Credit Facility [Line Items]
Debt, gross	$ 587,000	$ 593,000

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

6 Months Ended

Dec. 31, 2022

Equity [Abstract]

Schedule of Accumulated Other Comprehensive (Loss) Income

The following table presents the changes in accumulated other comprehensive loss (AOCL):


	Three Months Ended December 31,				Six Months Ended December 31,
	2022		2021		2022		2021
Foreign currency translation adjustments:
Other comprehensive income (loss) income before reclassifications	$	59,674	$	(2,143)	$	(7,476)	$	(24,948)

Deferred (losses) gains on cash flow hedging instruments:

Amount of (loss) gain recognized in AOCL on derivatives (1)	(454)		1,002		10,907		1,537
Amount of gain reclassified from AOCL into income (1)	(1,411)		(464)		(2,180)		(964)
Deferred (losses) gains on fair value hedging instruments:
Amount of (loss) gain recognized in AOCL on derivatives (1)	(1,067)		—		78		—
Amount of loss reclassified from AOCL into expense (1)	1,588		—		240		—
Deferred (losses) gains on net investment hedging instruments:

Amount of (loss) gain recognized in AOCL on derivatives (1)	(4,359)		1,460		309		3,370
Amount of gain reclassified from AOCL into income (1)	(373)		(111)		(742)		(214)
Net change in AOCL	$	53,598	$	(256)	$	1,136	$	(21,219)

(1)See Note 15, Derivatives and Hedging Activities, for the amounts reclassified into income for deferred gains (losses) on cash flow hedging instruments recorded in the Consolidated Statements of Operations in the three and six months ended December 31, 2022 and 2021.

INVENTORIES

6 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

INVENTORIES

Inventories consisted of the following:


	December 31, 2022		June 30, 2022
Finished goods	$	194,071	$	202,544
Raw materials, work-in-progress and packaging	130,454		105,490
	$	324,525	$	308,034

BASIS OF PRESENTATION (Policies)	6 Months Ended
BASIS OF PRESENTATION (Policies)	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	BASIS OF PRESENTATION The Company’s unaudited consolidated financial statements include the accounts of the Company and its wholly owned and majority-owned subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation. Investments in affiliated companies in which the Company exerts significant influence, but which it does not control, are accounted for under the equity method of accounting. As such, consolidated net income includes the Company's equity in the current earnings or losses of such companies. The Company's unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP and should be read in conjunction with the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2022 (the “Form 10-K”). The amounts as of and for the periods ended June 30, 2022 are derived from the Company’s audited annual financial statements. The unaudited consolidated financial statements reflect all normal recurring adjustments which, in management’s opinion, are necessary for a fair presentation for interim periods. Operating results for the six months ended December 31, 2022 are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2023. Please refer to the Notes to the Consolidated Financial Statements as of June 30, 2022 and for the fiscal year then ended included in the Form 10-K for information not included in these condensed notes. All amounts in the unaudited consolidated financial statements, notes and tables have been rounded to the nearest thousand, except par values and per share amounts, unless otherwise indicated.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform with current year presentation.
Significant Accounting Policies	Significant Accounting Policies The Company's significant accounting policies are described in Note 2, Summary of Significant Accounting Policies and Practices, in the Notes to the Consolidated Financial Statements in the Form 10-K. Included herein are certain updates to those policies.
Transfer of Financial Assets	Transfer of Financial Assets The Company accounts for transfers of financial assets, such as non-recourse accounts receivable financing arrangements, when the Company has surrendered control over the related assets. Determining whether control has transferred requires an evaluation of relevant legal considerations, an assessment of the nature and extent of the Company’s continuing involvement with the assets transferred and any other relevant considerations. The Company has non-recourse financing arrangements in which eligible receivables are sold to third-party buyers in exchange for cash. The Company transferred accounts receivable in their entirety to the buyers and satisfied all of the conditions to report the transfer of financial assets in their entirety as a sale. The principal amount of receivables sold under these arrangements was $189,794 and $64,133 during the six months ended December 31, 2022 and 2021, respectively. The incremental cost of financing receivables under these arrangements is included in selling, general and administrative expenses on the Company’s Consolidated Statements of Operations. The proceeds from the sale of receivables are included in cash used in operating activities on the Consolidated Statements of Cash Flows.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) 2020-04, "Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting". The guidance allows for companies to: (1) account for certain contract modifications as a continuation of the existing contract without additional analysis; (2) continue hedge accounting when certain critical terms of a hedging relationship change and assess effectiveness in ways that disregard certain potential sources of ineffectiveness; and (3) make a one-time sale and/or transfer of certain debt securities from held-to-maturity to available-for-sale or trading. This ASU is available for adoption by the Company and applies prospectively to contract modifications and hedging relationships. ASU 2020-04 is currently effective and may be applied prospectively to contract modifications made on or before December 31, 2022. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, which extends the provisions of Topic 848 to December 31, 2024. ASU 2020-04 allows for different elections to be made at different points in time and the timing of those elections will be documented as applicable. For the avoidance of doubt, the Company intends to reassess its elections of optional expedients and exceptions included within ASU 2020-04 related to its hedging activities and will document the election of these items on a quarterly basis or when changes/additions are necessary. During fiscal year 2023, the Company adopted hedge accounting expedients related to probability of forecasted transactions to assert probability of the hedged interest (payments/receipts) regardless of any expected modification in terms related to reference rate reform. The Company has also adopted the Secured Overnight Financing Rate (“SOFR”) as the alternative reference rate to replace LIBOR with respect to the Company’s long-term debt. Application of these expedients preserves the presentation of derivatives consistent with past presentation. The Company is continuing to assess the impact of the guidance and may apply other elections as applicable as additional changes in the market occur.

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 542,586		$ 542,586		$ 530,864
Less: Accumulated depreciation and impairment	247,951		247,951		233,459
Property, plant and equipment, net	294,635		294,635		297,405
Depreciation	8,195	$ 7,244	16,262	$ 14,652
Impairment charge	340	$ 303	340	$ 303
Discontinued Operations, Held-for-sale \| United States
Property, Plant and Equipment [Line Items]
Property, plant and equipment classified as held for sale	1,500		1,500		1,840
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	11,177		11,177		11,216
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	50,150		50,150		51,849
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	301,240		301,240		296,398
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	64,319		64,319		65,680
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	21,548		21,548		23,522
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	53,753		53,753		54,999
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 40,399		$ 40,399		$ 27,200

LEASES - Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
LEASES - Lease Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease expenses	$ 2,238	$ 3,665	$ 7,213	$ 7,417
Finance lease expenses	71	67	140	137
Variable lease expenses	169	306	349	709
Short-term lease expenses	390	677	886	2,042
Total lease expenses	$ 2,868	$ 4,715	$ 8,588	$ 10,305

LEASES (Tables)

6 Months Ended

Dec. 31, 2022

Leases [Abstract]

Lease Expenses and Other Information

The components of lease expenses for the three and six months ended December 31, 2022 were as follows:


	Three Months Ended				Six Months Ended
	December 31, 2022		December 31, 2021		December 31, 2022		December 31, 2021
Operating lease expenses	$	2,238	$	3,665	$	7,213	$	7,417



Finance lease expenses	71		67		140		137
Variable lease expenses	169		306		349		709
Short-term lease expenses	390		677		886		2,042
Total lease expenses	$	2,868	$	4,715	$	8,588	$	10,305

Additional information related to leases is as follows:


	Six Months Ended
	December 31, 2022			December 31, 2021
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	8,173		$	7,560
Operating cash flows from finance leases	$	9		$	10
Financing cash flows from finance leases	$	106		$	123
ROU assets obtained in exchange for lease obligations:
Operating leases(1)	$	(4,764)		$	3,182
Finance leases	$	60		$	116
ROU assets obtained in connection with an acquisition:
Operating leases	$	—		$	4,098
Weighted average remaining lease term:
Operating leases	10.7 years			9.5 years
Finance leases	4.1 years			4.2 years
Weighted average discount rate:
Operating leases	4.7		%	3.2		%
Finance leases	4.6		%	3.9		%

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:


Leases	Classification	December 31, 2022		June 30, 2022
Assets
Operating lease ROU assets, net	Operating lease right-of-use assets, net	$	101,374	$	114,691

Finance lease ROU assets, net	Property, plant and equipment, net	366		413

Total leased assets		$	101,740	$	115,104

Liabilities
Current
Operating	Accrued expenses and other current liabilities	$	13,448	$	13,154

Finance	Current portion of long-term debt	100		149

Non-current
Operating	Operating lease liabilities, noncurrent portion	92,587		107,481
Finance	Long-term debt, less current portion	279		278
Total lease liabilities		$	106,414	$	121,062

Maturities of Lease Liabilities

Maturities of lease liabilities as of December 31, 2022 were as follows:


Fiscal Year	Operating leases		Finance leases		Total
2023 (remainder of year)	$	9,544	$	64	$	9,608
2024	14,842		101		14,943
2025	12,564		99		12,663
2026	11,919		74		11,993
2027	11,638		54		11,692
Thereafter	77,290		25		77,315
Total lease payments	137,797		417		138,214
Less: Imputed interest	31,762		38		31,800
Total lease liabilities	$	106,035	$	379	$	106,414

Maturities of Lease Liabilities

Maturities of lease liabilities as of December 31, 2022 were as follows:


Fiscal Year	Operating leases		Finance leases		Total
2023 (remainder of year)	$	9,544	$	64	$	9,608
2024	14,842		101		14,943
2025	12,564		99		12,663
2026	11,919		74		11,993
2027	11,638		54		11,692
Thereafter	77,290		25		77,315
Total lease payments	137,797		417		138,214
Less: Imputed interest	31,762		38		31,800
Total lease liabilities	$	106,035	$	379	$	106,414

DEBT AND BORROWINGS - Amended and Restated Credit Agreement (Details)	6 Months Ended
	Dec. 31, 2022 USD ($)	Jan. 01, 2024	Dec. 16, 2022 USD ($)	Jun. 30, 2022 USD ($)
Line of Credit \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt issuance costs, gross	$ 1,987,000
Amended and Restated Credit Agreement
Line of Credit Facility [Line Items]
Revolving credit facility			$ 1,100,000
Weighted average interest rate	5.59%
Debt issuance costs on revolver	$ 1,916,000
Amended and Restated Credit Agreement \| SOFR
Line of Credit Facility [Line Items]
Debt instrument, credit spread adjustment	0.10%
Basis spread on variable rate	2.00%
Amended and Restated Credit Agreement \| Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.00%
Amended and Restated Credit Agreement \| Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.25%
Amended and Restated Credit Agreement \| Maximum \| SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.75%
Amended and Restated Credit Agreement \| Maximum \| Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.75%
Amended and Restated Credit Agreement \| Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.15%
Amended and Restated Credit Agreement \| Minimum \| SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.875%
Amended and Restated Credit Agreement \| Minimum \| Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.00%
Amended and Restated Credit Agreement \| Line of Credit
Line of Credit Facility [Line Items]
Available borrowing capacity	$ 206,231,000
Amended and Restated Credit Agreement \| Line of Credit \| Maximum
Line of Credit Facility [Line Items]
Consolidated leverage ratio	600.00%
Consolidated secured leverage ratio covenant	5.00
Amended and Restated Credit Agreement \| Line of Credit \| Maximum \| Forecast
Line of Credit Facility [Line Items]
Consolidated secured leverage ratio covenant		4.25
Amended and Restated Credit Agreement \| Line of Credit \| Minimum
Line of Credit Facility [Line Items]
Consolidated interest coverage ratio covenant	2.75
Amended and Restated Credit Agreement \| Letter of Credit
Line of Credit Facility [Line Items]
Letters of credit outstanding	$ 6,769,000
Amended and Restated Credit Agreement \| Term loans
Line of Credit Facility [Line Items]
Face amount			300,000
Debt, gross	292,500,000			$ 296,250,000
Debt issuance costs on revolver	520,000
Amended and Restated Credit Agreement \| Line of Credit \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Revolving credit facility			800,000
Debt, gross	587,000,000			$ 593,000,000
Debt issuance costs on revolver	$ 1,396,000
Amended and Restated Credit Agreement \| Line of Credit \| Revolving Credit Facility \| United States
Line of Credit Facility [Line Items]
Revolving credit facility			440,000
Amended and Restated Credit Agreement \| Line of Credit \| Revolving Credit Facility \| Global
Line of Credit Facility [Line Items]
Revolving credit facility			$ 360,000

SEGMENT INFORMATION - Net Sales (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 454,208	$ 476,941	$ 893,559	$ 931,844
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	255,056	243,909	514,563	477,396
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	123,578	139,352	232,738	263,100
All Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 75,574	$ 93,680	$ 146,258	$ 191,348

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

BASIS OF PRESENTATION (Details) - USD ($) $ in Thousands	6 Months Ended
BASIS OF PRESENTATION (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Accounts receivable sold, principal	$ 189,794	$ 64,133

DERIVATIVES AND HEDGING ACTIVITIES

6 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVES AND HEDGING ACTIVITIES

Risk Management Objective of Using Derivatives

The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company manages its exposures to a wide variety of business and operational risks. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources and duration of its assets and liabilities and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s receivables and borrowings.

Certain of the Company’s foreign operations expose the Company to fluctuations of foreign exchange rates. These fluctuations may impact the value of the Company’s cash receipts and payments in terms of the Company’s functional currency. The Company enters into derivative financial instruments to protect the value or fix the amount of certain assets and liabilities in terms of its functional currency, the U.S. Dollar.

Accordingly, the Company uses derivative financial instruments to manage and mitigate such risks. The Company does not use derivatives for speculative or trading purposes.

Cash Flow Hedges of Interest Rate Risk

The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. During the three and six months ended December 31, 2022, such derivatives were used to hedge the variable cash flows associated with existing variable rate debt.

For derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in AOCL and subsequently reclassified into interest expense in the same period during which the hedged transaction affects earnings. Amounts reported in AOCL related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable rate debt. During the remaining six months of fiscal 2023, the Company estimates that an additional $3,664 will be reclassified as a decrease to interest expense.

As of December 31, 2022, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:


Interest Rate Derivative	Number of Instruments	Notional Amount
Interest Rate Swap	8	$630,000

Cash Flow Hedges of Foreign Exchange Risk

The Company is exposed to fluctuations in various foreign currencies against its functional currency, the U.S. Dollar. The Company uses foreign currency derivatives including cross-currency swaps to manage its exposure to fluctuations in the USD-EUR exchange rates. Cross-currency swaps involve exchanging fixed-rate interest payments for fixed-rate interest receipts, both of which will occur at the USD-EUR forward exchange rates in effect upon entering into the instrument. The Company, at times, also uses forward contracts to manage its exposure to fluctuations in the GBP-EUR exchange rates. The Company designates these derivatives as cash flow hedges of foreign exchange risks.

For derivatives designated and that qualify as cash flow hedges of foreign exchange risk, the gain or loss on the derivative is recorded in AOCL and subsequently reclassified in the period(s) during which the hedged transaction affects earnings within the same income statement line item as the earnings effect of the hedged transaction. During the remaining six months of fiscal 2023, the Company estimates that an additional $46 relating to cross-currency swaps will be reclassified as an increase to interest expense.

As of December 31, 2022, the Company had the following outstanding foreign currency derivatives that were used to hedge its foreign exchange risks:


Foreign Currency Derivative	Number of Instruments	Notional Sold	Notional Purchased

Foreign currency forward contract	3	£2,590	€3,000

Net Investment Hedges

The Company is exposed to fluctuations in foreign exchange rates on investments it holds in its European foreign entities and their exposure to the Euro. The Company uses fixed-to-fixed cross-currency swaps to hedge its exposure to changes in the foreign exchange rate on its foreign investment in Europe. Currency forward agreements involve fixing the USD-EUR exchange rate for delivery of a specified amount of foreign currency on a specified date. The currency forward agreements are typically cash settled in U.S. Dollars for their fair value at or close to their settlement date. Cross-currency swaps involve the receipt of functional-currency-fixed-rate amounts from a counterparty in exchange for the Company making foreign-currency- fixed-rate payments over the life of the agreement.

For derivatives designated as net investment hedges, the gain or loss on the derivative is reported in accumulated other comprehensive loss as part of the cumulative translation adjustment. Amounts are reclassified out of accumulated other comprehensive loss into earnings when the hedged net investment is either sold or substantially liquidated.

As of December 31, 2022, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations:


Foreign Currency Derivative	Number of Instruments	Notional Sold	Notional Purchased
Cross-currency swap	4	€100,300	$105,804

Fair Value Hedges

The Company is exposed to changes in the fair value of certain of its foreign denominated intercompany loans due to changes in foreign exchange spot rates. The Company uses fixed-to-fixed cross-currency swaps to hedge its exposure to changes in foreign exchange rates affecting gains and losses on intercompany loan principal and interest. Cross-currency swaps involve the receipt of functional-currency-fixed-rate amounts from a counterparty in exchange for the Company making foreign-currency-fixed-rate payments over the life of the agreement.

For derivatives designated and that qualify as fair value hedges, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in interest and other financing expense, net.

Gains and losses on the derivative representing hedge components excluded from the assessment of effectiveness are recognized over the life of the hedge on a systematic and rational basis, as documented at hedge inception in accordance with the Company’s accounting policy election. The earnings recognition of excluded components is presented in the same income statement line item as the earnings effect of the hedged transaction. During the remaining six months of fiscal 2023, the Company estimates that an additional $239 relating to cross currency swaps will be reclassified as a decrease to interest expense.

As of December 31, 2022, the Company had the following outstanding foreign currency derivatives that were used to hedge changes in fair value attributable to foreign exchange risk:


Foreign Currency Derivative	Number of Instruments	Notional Sold	Notional Purchased
Cross-currency swap	1	€24,700	$26,021

As of December 31, 2022 and June 30, 2022, the following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges:


	Carrying Amount of the Hedged Asset				Cumulative Amount of Fair Value Hedge Adjustment Included in the Carrying Amount of the Hedged Asset

	December 31, 2022		June 30, 2022		December 31, 2022		June 30, 2022
Intercompany loan receivable	$	26,441	$	25,899	$	2,230	$	122

Designated Hedges

The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Balance Sheet as of December 31, 2022:

Asset Derivatives

Balance Sheet Location

Fair Value

Derivatives designated as hedging instruments:

Interest rate swaps

Prepaid expenses and other current assets

7,240

Interest rate swaps

Other noncurrent assets

5,250

Cross-currency swaps

Prepaid expenses and other current assets

2,365

Cross-currency swaps

Other noncurrent assets

246

Total derivatives designated as hedging instruments

15,101

The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Balance Sheet as of June 30, 2022:


	Asset Derivatives			Liability Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps	Prepaid expenses and other current assets	$	4,230	Accrued expenses and other current liabilities	$	—
Interest rate swaps	Other noncurrent assets	—		Other noncurrent liabilities	3,184
Cross-currency swaps	Prepaid expenses and other current assets	2,400		Accrued expenses and other current liabilities	—
Cross-currency swaps	Other noncurrent assets	846		Other noncurrent liabilities	—

Total derivatives designated as hedging instruments		$	7,476		$	3,184

The following table presents the pre-tax effect of cash flow hedge accounting on AOCL and Consolidated Statements of Operations for the three months ended December 31, 2022 and 2021:


Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCL on Derivatives				Location of Gain (Loss) Reclassified from AOCL into Income (Expense)	Amount of Gain (Loss) Reclassified from AOCL into Income (Expense)
	Three Months Ended December 31,					Three Months Ended December 31,
	2022		2021			2022		2021
Interest rate swaps	$	(682)	$	772	Interest and other financing expense, net	$	1,988	$	(105)
Cross-currency swaps	—		593		Interest and other financing expense, net / Other expense (income), net	(115)		664
Foreign currency forward contracts	80		(98)		Cost of sales	—		26
Total	$	(602)	$	1,267		$	1,873	$	585

The following table presents the pre-tax effect of cash flow hedge accounting on AOCL and Consolidated Statements of Operations for the six months ended December 31, 2022 and 2021:


Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCL on Derivatives				Location of Gain (Loss) Reclassified from AOCL into Income (Expense)	Amount of Gain (Loss) Reclassified from AOCL into Income (Expense)
	Six Months Ended December 31,					Six Months Ended December 31,
	2022		2021			2022		2021
Interest rate swaps	$	14,580	$	655	Interest and other financing expense, net	$	3,135	$	(209)
Cross-currency swaps	—		1,369		Interest and other financing expense, net / Other expense (income), net	(230)		1,402
Foreign currency forward contracts	80		(79)		Cost of sales	—		26
Total	$	14,660	$	1,945		$	2,905	$	1,219

The following table presents the pre-tax effect of the Company’s derivative financial instruments electing cash flow hedge accounting on the Consolidated Statements of Operations for the three months ended of December 31, 2022 and 2021:


				Location and Amount of Gain (Loss) Recognized in the Consolidated Statement of Operations on Cash Flow Hedging Relationships
				Three Months Ended December 31, 2022						Three Months Ended December 31, 2021
				Cost of sales		Interest and other financing expense, net		Other expense/income, net		Cost of sales		Interest and other financing expense, net		Other expense/income, net
The effects of cash flow hedging:
	Gain (loss) on cash flow hedging relationships
		Interest rate swaps
			Amount of gain (loss) reclassified from AOCL into income	$	—	$	1,988	$	—	$	—	$	(105)	$	—

		Cross-currency swaps
			Amount of (loss) gain reclassified from AOCL into income	$	—	$	(115)	$	—	$	—	$	44	$	620

		Foreign currency forward contracts
			Amount of gain reclassified from AOCL into income	$	—	$	—	$	—	$	26	$	—	$	—


				Location and Amount of Gain (Loss) Recognized in the Consolidated Statement of Operations on Cash Flow Hedging Relationships
				Six Months Ended December 31, 2022						Six Months Ended December 31, 2021
				Cost of sales		Interest and other financing expense, net		Other expense (income), net		Cost of sales		Interest and other financing expense, net		Other expense (income), net
The effects of cash flow hedging:
	Gain (loss) on cash flow hedging relationships
		Interest rate swaps
			Amount of gain (loss) reclassified from AOCL into income	$	—	$	3,135	$	—	$	—	$	(209)	$	—

		Cross-currency swaps
			Amount of (loss) gain reclassified from AOCL into income	$	—	$	(230)	$	—	$	—	$	85	$	1,317

		Foreign currency forward contracts
			Amount of gain reclassified from AOCL into income	$	—	$	—	$	—	$	26	$	—	$	—

The following table presents the pre-tax effect of fair value hedge accounting on AOCL and Consolidated Statements of Operations as of the three months ended December 31, 2022 and 2021:


Derivatives in Fair Value Hedging Relationships	Amount of Loss Recognized in AOCL on Derivatives			Location of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing)	Amount of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing)
	Three Months Ended December 31,				Three Months Ended December 31,
	2022		2021		2022		2021

Cross-currency swaps	$	(1,416)	—	Interest and other financing expense, net / Other expense (income), net	$	123	—

The following table presents the pre-tax effect of fair value hedge accounting on AOCL and Consolidated Statements of Operations as of the six months ended December 31, 2022 and 2021:


Derivatives in Fair Value Hedging Relationships	Amount of Gain Recognized in AOCL on Derivatives			Location of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing)	Amount of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing)
	Six Months Ended December 31,				Six Months Ended December 31,
	2022		2021		2022		2021

Cross-currency swaps	$	122	—	Interest and other financing expense, net / Other expense (income), net	$	246	—

The following table presents the pre-tax effect of the Company’s derivative financial instruments electing fair value hedge accounting on the Consolidated Statements of Operations for the three months ended of December 31, 2022 and 2021:


				Location and Amount of Gain (Loss) Recognized in the Consolidated Statement of Operations on Fair Value Hedging Relationships
				Three Months Ended December 31, 2022					Three Months Ended December 31, 2021
				Cost of sales		Interest and other financing expense, net		Other expense/income, net	Cost of sales		Interest and other financing expense, net		Other expense/income, net
The effects of fair value hedging:
	Gain (loss) on fair value hedging relationships



		Cross-currency swaps
			Amount of loss reclassified from AOCL into income	$	—	$	(2,107)		$	—	$	—	$	—


				Location and Amount of Gain (Loss) Recognized in the Consolidated Statement of Operations on Fair Value Hedging Relationships
				Six Months Ended December 31, 2022						Six Months Ended December 31, 2021
				Cost of sales		Interest and other financing expense, net		Other expense (income), net		Cost of sales		Interest and other financing expense, net		Other expense (income), net
The effects of fair value hedging:
	Gain (loss) on fair value hedging relationships



		Cross-currency swaps
			Amount of loss reclassified from AOCL into income	$	—	$	(296)	$	—	$	—	$	—	$	—

The following table presents the pre-tax effect of the Company’s net investment hedges on AOCL and the Consolidated Statements of Operations for the three months ended December 31, 2022 and 2021:


Derivatives in Net Investment Hedging Relationships	Amount of (Loss) Gain Recognized in AOCL on Derivatives				Location of (Loss) Gain Recognized in (Expense) Income on Derivatives	Amount of Gain (Loss) Recognized in Income (Expense) on Derivatives
	Three Months Ended December 31,					Three Months Ended December 31,
	2022		2021			2022		2021
Cross-currency swaps	$	(5,790)	$	1,849	Interest and other financing expense, net	$	495	$	140

The following table presents the pre-tax effect of the Company’s net investment hedges on AOCL and the Consolidated Statements of Operations for the six months ended December 31, 2022 and 2021:


Derivatives in Net Investment Hedging Relationships	Amount of Gain Recognized in AOCL on Derivatives				Location of (Loss) Gain Recognized in (Expense) Income on Derivatives	Amount of (Loss) Gain Recognized in (Expense) Income on Derivatives
	Six Months Ended December 31,					Six Months Ended December 31,
	2022		2021			2022		2021
Cross-currency swaps	$	479	$	4,267	Interest and other financing expense, net	$	990	$	270

Credit-Risk-Related Contingent Features

The Company has agreements with each of its derivative counterparties that contain a provision providing that upon certain defaults by the Company on any of its indebtedness, the Company could also be declared in default on its derivative obligations.

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) $ in Thousands	6 Months Ended
	Dec. 31, 2022 USD ($)
Finite-Lived Intangible Assets [Line Items]
Goodwill from divestiture	$ 3,054
Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	7 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	25 years
Disposed of by Sale \| Westbrae Natural
Finite-Lived Intangible Assets [Line Items]
Goodwill from divestiture	$ 3,054

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 10,966	$ 30,889	$ 17,889	$ 50,300
Pre-tax amount
Foreign currency translation adjustments before reclassifications	59,674	(2,143)	(7,476)	(24,948)
Change in deferred (losses) gains on cash flow hedging instruments	(2,475)	682	11,755	726
Change in deferred gains on fair value hedging instruments	691	0	418	0
Change in deferred (losses) gains on net investment hedging instruments	(6,285)	1,709	(511)	3,997
Total other comprehensive income (loss)	51,605	248	4,186	(20,225)
Tax (expense) benefit
Foreign currency translation adjustments before reclassifications	0	0	0	0
Change in deferred (losses) gains on cash flow hedging instruments	610	(144)	(3,028)	(153)
Change in deferred gains on fair value hedging instruments	(170)	0	(100)	0
Change in deferred (losses) gains on net investment hedging instruments	1,553	(360)	78	(841)
Total other comprehensive income (loss)	1,993	(504)	(3,050)	(994)
After-tax amount
Foreign currency translation adjustments before reclassifications	59,674	(2,143)	(7,476)	(24,948)
Change in deferred (losses) gains on cash flow hedging instruments	(1,865)	538	8,727	573
Change in deferred gains on fair value hedging instruments	521	0	318	0
Change in deferred (losses) gains on net investment hedging instruments	(4,732)	1,349	(433)	3,156
Total other comprehensive income (loss)	53,598	(256)	1,136	(21,219)
Total comprehensive income	$ 64,564	$ 30,633	$ 19,025	$ 29,081

FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Assets:
Derivative financial instruments	$ 15,101	$ 7,476
Equity investment	2	560
Assets total	15,103	8,036
Liabilities:
Derivative financial instruments		3,184
Liabilities total		3,184
Quoted prices in active markets (Level 1)
Assets:
Derivative financial instruments	0	0
Equity investment	2	560
Assets total	2	560
Liabilities:
Derivative financial instruments		0
Liabilities total		0
Significant other observable inputs (Level 2)
Assets:
Derivative financial instruments	15,101	7,476
Equity investment	0	0
Assets total	15,101	7,476
Liabilities:
Derivative financial instruments		3,184
Liabilities total		3,184
Significant unobservable inputs (Level 3)
Assets:
Derivative financial instruments	0	0
Equity investment	0	0
Assets total	$ 0	0
Liabilities:
Derivative financial instruments		0
Liabilities total		$ 0

INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Inventory Disclosure [Abstract]
Finished goods	$ 194,071	$ 202,544
Raw materials, work-in-progress and packaging	130,454	105,490
Total inventories	$ 324,525	$ 308,034

DERIVATIVES AND HEDGING ACTIVITIES - Balance Sheet Location (Details) - Designated as Hedging Instrument - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	$ 15,101	$ 7,476
Derivative liability, fair value		3,184
Prepaid expenses and other current assets \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	7,240	4,230
Prepaid expenses and other current assets \| Cross-currency swap
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	2,365	2,400
Other noncurrent assets \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	5,250	0
Other noncurrent assets \| Cross-currency swap
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	$ 246	846
Accrued expenses and other current liabilities \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Derivative liability, fair value		0
Accrued expenses and other current liabilities \| Cross-currency swap
Derivatives, Fair Value [Line Items]
Derivative liability, fair value		0
Other noncurrent liabilities \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Derivative liability, fair value		3,184
Other noncurrent liabilities \| Cross-currency swap
Derivatives, Fair Value [Line Items]
Derivative liability, fair value		$ 0

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS - Restricted Stock Grant Information (Details) - RSAs, RSUs, and PSUs - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of RSAs, RSUs and PSUs granted	$ 21,457	$ 34,678
Fair value of shares vested	3,317	68,017
Tax benefit recognized from restricted shares vesting	$ 502	$ 3,532

SEGMENT INFORMATION (Tables)

6 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following tables set forth financial information about each of the Company’s reportable segments. Transactions between reportable segments were insignificant for all periods presented.


	Three Months Ended December 31,				Six Months Ended December 31,
	2022		2021		2022		2021
Net Sales:
North America	$	282,361	$	275,014	$	570,757	$	540,539
International	171,847		201,927		322,802		391,305

	$	454,208	$	476,941	$	893,559	$	931,844

Operating Income (Loss):
North America	$	32,262	$	27,162	$	56,707	$	44,004
International	11,940		27,368		19,615		51,437
	44,202		54,530		76,322		95,441
Corporate and Other (a)	(16,813)		(22,509)		(33,110)		(37,873)
	$	27,389	$	32,021	$	43,212	$	57,568

(a) In addition to general Corporate and Other expenses as described above, for the three and six months ended December 31, 2022, Corporate and Other included $436 and $530 of Productivity and transformation costs, respectively. For the three and six months ended December 31, 2021, Corporate and Other included $953 and $3,010 of Productivity and transformation costs, respectively.

Net Sales Geographic Area

The Company’s net sales by geographic region, which are generally based on the location of the Company’s subsidiaries, were as follows:


	Three Months Ended December 31,				Six Months Ended December 31,
	2022		2021		2022		2021
United States	$	255,056	$	243,909	$	514,563	$	477,396
United Kingdom	123,578		139,352		232,738		263,100
All Other	75,574		93,680		146,258		191,348
Total	$	454,208	$	476,941	$	893,559	$	931,844

Schedule of Long-lived Assets

The Company’s long-lived assets, which represent net property, plant and equipment and operating lease right-of-use assets, were as follows by geographic area:


	December 31, 2022		June 30, 2022
United States	$	170,184	$	182,038
United Kingdom	132,116		133,213
All Other	93,709		96,845
Total	$	396,009	$	412,096

DERIVATIVES AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

As of December 31, 2022, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:


Interest Rate Derivative	Number of Instruments	Notional Amount
Interest Rate Swap	8	$630,000

As of December 31, 2022, the Company had the following outstanding foreign currency derivatives that were used to hedge its foreign exchange risks:


Foreign Currency Derivative	Number of Instruments	Notional Sold	Notional Purchased

Foreign currency forward contract	3	£2,590	€3,000

As of December 31, 2022, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations:


Foreign Currency Derivative	Number of Instruments	Notional Sold	Notional Purchased
Cross-currency swap	4	€100,300	$105,804

As of December 31, 2022, the Company had the following outstanding foreign currency derivatives that were used to hedge changes in fair value attributable to foreign exchange risk:


Foreign Currency Derivative	Number of Instruments	Notional Sold	Notional Purchased
Cross-currency swap	1	€24,700	$26,021

As of December 31, 2022 and June 30, 2022, the following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges:


	Carrying Amount of the Hedged Asset				Cumulative Amount of Fair Value Hedge Adjustment Included in the Carrying Amount of the Hedged Asset

	December 31, 2022		June 30, 2022		December 31, 2022		June 30, 2022
Intercompany loan receivable	$	26,441	$	25,899	$	2,230	$	122

Derivative Financial Instruments and Classification on Consolidated Balance Sheets

Designated Hedges

The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Balance Sheet as of December 31, 2022:

Asset Derivatives

Balance Sheet Location

Fair Value

Derivatives designated as hedging instruments:

Interest rate swaps

Prepaid expenses and other current assets

7,240

Interest rate swaps

Other noncurrent assets

5,250

Cross-currency swaps

Prepaid expenses and other current assets

2,365

Cross-currency swaps

Other noncurrent assets

246

Total derivatives designated as hedging instruments

15,101

The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Balance Sheet as of June 30, 2022:


	Asset Derivatives			Liability Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps	Prepaid expenses and other current assets	$	4,230	Accrued expenses and other current liabilities	$	—
Interest rate swaps	Other noncurrent assets	—		Other noncurrent liabilities	3,184
Cross-currency swaps	Prepaid expenses and other current assets	2,400		Accrued expenses and other current liabilities	—
Cross-currency swaps	Other noncurrent assets	846		Other noncurrent liabilities	—

Total derivatives designated as hedging instruments		$	7,476		$	3,184

Pre-Tax Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Loss

The following table presents the pre-tax effect of cash flow hedge accounting on AOCL and Consolidated Statements of Operations for the three months ended December 31, 2022 and 2021:


Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCL on Derivatives				Location of Gain (Loss) Reclassified from AOCL into Income (Expense)	Amount of Gain (Loss) Reclassified from AOCL into Income (Expense)
	Three Months Ended December 31,					Three Months Ended December 31,
	2022		2021			2022		2021
Interest rate swaps	$	(682)	$	772	Interest and other financing expense, net	$	1,988	$	(105)
Cross-currency swaps	—		593		Interest and other financing expense, net / Other expense (income), net	(115)		664
Foreign currency forward contracts	80		(98)		Cost of sales	—		26
Total	$	(602)	$	1,267		$	1,873	$	585

The following table presents the pre-tax effect of cash flow hedge accounting on AOCL and Consolidated Statements of Operations for the six months ended December 31, 2022 and 2021:


Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCL on Derivatives				Location of Gain (Loss) Reclassified from AOCL into Income (Expense)	Amount of Gain (Loss) Reclassified from AOCL into Income (Expense)
	Six Months Ended December 31,					Six Months Ended December 31,
	2022		2021			2022		2021
Interest rate swaps	$	14,580	$	655	Interest and other financing expense, net	$	3,135	$	(209)
Cross-currency swaps	—		1,369		Interest and other financing expense, net / Other expense (income), net	(230)		1,402
Foreign currency forward contracts	80		(79)		Cost of sales	—		26
Total	$	14,660	$	1,945		$	2,905	$	1,219

The following table presents the pre-tax effect of fair value hedge accounting on AOCL and Consolidated Statements of Operations as of the three months ended December 31, 2022 and 2021:


Derivatives in Fair Value Hedging Relationships	Amount of Loss Recognized in AOCL on Derivatives			Location of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing)	Amount of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing)
	Three Months Ended December 31,				Three Months Ended December 31,
	2022		2021		2022		2021

Cross-currency swaps	$	(1,416)	—	Interest and other financing expense, net / Other expense (income), net	$	123	—

The following table presents the pre-tax effect of fair value hedge accounting on AOCL and Consolidated Statements of Operations as of the six months ended December 31, 2022 and 2021:


Derivatives in Fair Value Hedging Relationships	Amount of Gain Recognized in AOCL on Derivatives			Location of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing)	Amount of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing)
	Six Months Ended December 31,				Six Months Ended December 31,
	2022		2021		2022		2021

Cross-currency swaps	$	122	—	Interest and other financing expense, net / Other expense (income), net	$	246	—

Pre-Tax Effect of Derivative Financial Instruments Electing Cash Flow Hedge Accounting on Consolidated Statements of Operations


				Location and Amount of Gain (Loss) Recognized in the Consolidated Statement of Operations on Cash Flow Hedging Relationships
				Three Months Ended December 31, 2022						Three Months Ended December 31, 2021
				Cost of sales		Interest and other financing expense, net		Other expense/income, net		Cost of sales		Interest and other financing expense, net		Other expense/income, net
The effects of cash flow hedging:
	Gain (loss) on cash flow hedging relationships
		Interest rate swaps
			Amount of gain (loss) reclassified from AOCL into income	$	—	$	1,988	$	—	$	—	$	(105)	$	—

		Cross-currency swaps
			Amount of (loss) gain reclassified from AOCL into income	$	—	$	(115)	$	—	$	—	$	44	$	620

		Foreign currency forward contracts
			Amount of gain reclassified from AOCL into income	$	—	$	—	$	—	$	26	$	—	$	—


				Location and Amount of Gain (Loss) Recognized in the Consolidated Statement of Operations on Cash Flow Hedging Relationships
				Six Months Ended December 31, 2022						Six Months Ended December 31, 2021
				Cost of sales		Interest and other financing expense, net		Other expense (income), net		Cost of sales		Interest and other financing expense, net		Other expense (income), net
The effects of cash flow hedging:
	Gain (loss) on cash flow hedging relationships
		Interest rate swaps
			Amount of gain (loss) reclassified from AOCL into income	$	—	$	3,135	$	—	$	—	$	(209)	$	—

		Cross-currency swaps
			Amount of (loss) gain reclassified from AOCL into income	$	—	$	(230)	$	—	$	—	$	85	$	1,317

		Foreign currency forward contracts
			Amount of gain reclassified from AOCL into income	$	—	$	—	$	—	$	26	$	—	$	—


				Location and Amount of Gain (Loss) Recognized in the Consolidated Statement of Operations on Fair Value Hedging Relationships
				Three Months Ended December 31, 2022					Three Months Ended December 31, 2021
				Cost of sales		Interest and other financing expense, net		Other expense/income, net	Cost of sales		Interest and other financing expense, net		Other expense/income, net
The effects of fair value hedging:
	Gain (loss) on fair value hedging relationships



		Cross-currency swaps
			Amount of loss reclassified from AOCL into income	$	—	$	(2,107)		$	—	$	—	$	—


				Location and Amount of Gain (Loss) Recognized in the Consolidated Statement of Operations on Fair Value Hedging Relationships
				Six Months Ended December 31, 2022						Six Months Ended December 31, 2021
				Cost of sales		Interest and other financing expense, net		Other expense (income), net		Cost of sales		Interest and other financing expense, net		Other expense (income), net
The effects of fair value hedging:
	Gain (loss) on fair value hedging relationships



		Cross-currency swaps
			Amount of loss reclassified from AOCL into income	$	—	$	(296)	$	—	$	—	$	—	$	—

Pre-Tax Effect of Net Investment Hedges on Accumulated Other Comprehensive Loss and the Consolidated Statements of Operations

The following table presents the pre-tax effect of the Company’s net investment hedges on AOCL and the Consolidated Statements of Operations for the three months ended December 31, 2022 and 2021:


Derivatives in Net Investment Hedging Relationships	Amount of (Loss) Gain Recognized in AOCL on Derivatives				Location of (Loss) Gain Recognized in (Expense) Income on Derivatives	Amount of Gain (Loss) Recognized in Income (Expense) on Derivatives
	Three Months Ended December 31,					Three Months Ended December 31,
	2022		2021			2022		2021
Cross-currency swaps	$	(5,790)	$	1,849	Interest and other financing expense, net	$	495	$	140

The following table presents the pre-tax effect of the Company’s net investment hedges on AOCL and the Consolidated Statements of Operations for the six months ended December 31, 2022 and 2021:


Derivatives in Net Investment Hedging Relationships	Amount of Gain Recognized in AOCL on Derivatives				Location of (Loss) Gain Recognized in (Expense) Income on Derivatives	Amount of (Loss) Gain Recognized in (Expense) Income on Derivatives
	Six Months Ended December 31,					Six Months Ended December 31,
	2022		2021			2022		2021
Cross-currency swaps	$	479	$	4,267	Interest and other financing expense, net	$	990	$	270

Pre-Tax Effect of Derivative Financial Instruments Not Designated as Hedging Instruments on the Consolidated Statements of Operations

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959

+ Details

INCOME TAXES	6 Months Ended
INCOME TAXES	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES In general, the Company uses an estimated annual effective tax rate, which is based on expected annual income and statutory tax rates in the various jurisdictions in which the Company operates, to determine its quarterly provision for income taxes. Certain significant or unusual items are separately recognized in the quarter in which they occur and can be a source of variability on the effective tax rates from quarter to quarter. The Company’s effective tax rate may change from period-to-period based on recurring and non-recurring factors including the geographical mix of earnings, enacted tax legislation, state and local income taxes and tax audit settlements. The effective income tax rate was an expense of 36.0% and 18.6% for the three months ended December 31, 2022 and 2021, respectively. The effective income tax rate was an expense of 32.6% and 18.6% for the six months ended December 31, 2022 and 2021, respectively. The effective income tax rate for the six months ended December 31, 2022 was impacted by the gain on the sale of Westbrae, an operating lease modification during the second quarter, severance with respect to our former CEO (as part of the limitation on the deductibility of executive compensation), stock-based compensation and uncertain tax positions. The effective income tax rate for the six months ended December 31, 2021 was impacted by the reversal of uncertain tax position accruals based on filing of certain elections by taxing authorities, deductions related to stock-based compensation, non-deductible transaction costs related to the acquisition of THWR, and the reversal of a valuation allowance due to the utilization of a capital loss carryover. The effective income tax rates in each period were also impacted by the geographical mix of earnings and state income taxes.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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+ Details

LEASES - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Leases [Abstract]
Operating lease ROU assets, net	$ 101,374	$ 114,691
Finance lease ROU assets, net	366	413
Total leased assets	101,740	115,104
Current operating liabilities	13,448	13,154
Current finance liabilities	100	149
Non-current operating liabilities	92,587	107,481
Non-current finance liabilities	279	278
Total lease liabilities	$ 106,414	$ 121,062
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Current portion of long-term debt	Current portion of long-term debt
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Long-term debt, less current portion	Long-term debt, less current portion
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization

DERIVATIVES AND HEDGING ACTIVITIES - Derivative Information (Details) € in Thousands, £ in Thousands, $ in Thousands	Dec. 31, 2022 USD ($) instrument	Dec. 31, 2022 GBP (£) instrument	Dec. 31, 2022 EUR (€) instrument
Interest Rate Swap \| Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments	8	8	8
Notional amount \| $	$ 630,000
Cross-currency swap \| Net Investment Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments	4	4	4
Cross-currency swap \| Net Investment Hedging \| Short
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount \| €			€ 100,300
Cross-currency swap \| Net Investment Hedging \| Long
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount \| $	$ 105,804
Cross-currency swap \| Fair Value Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments	1	1	1
Cross-currency swap \| Fair Value Hedging \| Short
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount \| €			€ 24,700
Cross-currency swap \| Fair Value Hedging \| Long
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount \| $	$ 26,021
Foreign currency forward contracts \| Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments	3	3	3
Foreign currency forward contracts \| Cash Flow Hedging \| Short
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount \| £		£ 2,590
Foreign currency forward contracts \| Cash Flow Hedging \| Long
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount \| €			€ 3,000

LEASES - Other Information (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$ 8,173	$ 7,560
Operating cash flows from finance leases		9	10
Financing cash flows from finance leases		106	123
ROU assets obtained in exchange for lease obligations:
Operating leases		(4,764)	3,182
Finance leases		60	116
ROU assets obtained in connection with an acquisition:
Operating leases	$ 0	$ 0	$ 4,098
Weighted average remaining lease term:
Operating leases	10 years 8 months 12 days	10 years 8 months 12 days	9 years 6 months
Finance leases	4 years 1 month 6 days	4 years 1 month 6 days	4 years 2 months 12 days
Weighted average discount rate:
Operating leases	4.70%	4.70%	3.20%
Finance leases	4.60%	4.60%	3.90%
Operating lease right of use asset decrease from modification	$ 13,876
Operating lease, liability, decrease from modification and reverse	(17,244)
Gain (loss) modification of operating lease	$ 3,368

GOODWILL AND OTHER INTANGIBLE ASSETS - Components Of Trademarks And Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Amortized intangible assets:
Other intangibles	$ 202,802	$ 199,448
Less: Accumulated amortization	(106,618)	(101,381)
Net amortized intangible assets	96,184	98,067
Net other intangible assets	470,956	477,533
Trademarks and Tradenames
Indefinite-lived Intangible Assets [Line Items]
Trademarks and tradenames	$ 374,772	$ 379,466

DEBT AND BORROWINGS (Tables)

6 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Debt And Borrowings

Debt and borrowings consisted of the following:


	December 31, 2022		June 30, 2022
Revolving credit facility	$	587,000	$	593,000
Term loans	292,500		296,250
Less: Unamortized issuance costs	(1,495)		(1,105)
Other borrowings(1)	397		498
	878,402		888,643
Short-term borrowings and current portion of long-term debt(2)	7,602		7,705
Long-term debt, less current portion	$	870,800	$	880,938

(1) Includes $379 (June 30, 2022: $427) of finance lease obligations as discussed in Note 7, Leases.

(2) Includes $100 (June 30, 2022: $149) of short-term finance lease obligations as discussed in Note 7, Leases.

Schedule of Maturities of Long-Term Debt

Maturities of all debt instruments at December 31, 2022, are as follows:


Due in Fiscal Year	Amount
Remainder of 2023	$	3,729
2024	7,361
2025	7,343
2026	7,320
2027	852,649

Total debt and borrowings	$	878,402

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Current assets:
Cash and cash equivalents	$ 43,437	$ 65,512
Accounts receivable, less allowance for doubtful accounts of $2,085 and $1,731, respectively	177,058	170,661
Inventories	324,525	308,034
Prepaid expenses and other current assets	58,781	54,079
Assets held for sale	1,500	1,840
Total current assets	605,301	600,126
Property, plant and equipment, net	294,635	297,405
Goodwill	927,078	933,796
Trademarks and other intangible assets, net	470,956	477,533
Investments and joint ventures	13,260	14,456
Operating lease right-of-use assets, net	101,374	114,691
Other assets	25,554	20,377
Total assets	2,438,158	2,458,384
Current liabilities:
Accounts payable	153,677	174,765
Accrued expenses and other current liabilities	85,168	86,833
Current portion of long-term debt	7,602	7,705
Total current liabilities	246,447	269,303
Long-term debt, less current portion	870,800	880,938
Deferred income taxes	95,131	95,044
Operating lease liabilities, noncurrent portion	92,587	107,481
Other noncurrent liabilities	24,552	22,450
Total liabilities	1,329,517	1,375,216
Commitments and contingencies (Note 16)
Stockholders’ equity:
Preferred stock, value	0	0
Common stock, value	1,113	1,111
Additional paid-in capital	1,210,555	1,203,126
Retained earnings	786,987	769,098
Accumulated other comprehensive loss	(163,346)	(164,482)
Total stockholders' equity including treasury stock	1,835,309	1,808,853
Less: Treasury stock, at cost, 21,837 and 21,788 shares, respectively	(726,668)	(725,685)
Total stockholders’ equity	1,108,641	1,083,168
Total liabilities and stockholders’ equity	$ 2,438,158	$ 2,458,384

EARNINGS PER SHARE - Computation Of Basic And Diluted Earnings Per Share (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021
Numerator:
Net income	$ 10,966	$ 6,923	$ 30,889	$ 19,411	$ 17,889	$ 50,300
Denominator:
Basic weighted average shares outstanding (shares)	89,380		94,036		89,343	95,579
Effect of dilutive stock options, unvested restricted stock and unvested restricted share units (shares)	198		772		192	544
Diluted weighted average shares outstanding (shares)	89,578		94,808		89,535	96,123

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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-SubTopic 20
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669625-108580

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

+ Details

BUSINESS (Details)	6 Months Ended
BUSINESS (Details)	Dec. 31, 2022 country segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of countries in which entity operates (more than) \| country	75
Number of reportable segments \| segment	2

DERIVATIVES AND HEDGING ACTIVITIES - Net Investment Hedges and Accumulated Other Comprehensive Loss (Details) - Cross-currency swap - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of (Loss) Gain Recognized in AOCL on Derivatives	$ (5,790)	$ 1,849	$ 479	$ 4,267
Net Investment Hedging \| Interest and other financing expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in Income (Expense) on Derivatives	$ 495	$ 140	$ 990	$ 270

FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE (Tables)

6 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following table presents assets and liabilities measured at fair value on a recurring basis as of December 31, 2022:


	Total		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Assets:

Derivative financial instruments	$	15,101	$	—	$	15,101	$	—
Equity investment	2		2		—		—
Total	$	15,103	$	2	$	15,101	$	—

The following table presents assets and liabilities measured at fair value on a recurring basis as of June 30, 2022:


	Total		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Assets:

Derivative financial instruments	$	7,476	$	—	$	7,476	$	—
Equity investment	560		560		—		—
Total	$	8,036	$	560	$	7,476	$	—
Liabilities:
Derivative financial instruments	3,184		—		3,184		—

Total	$	3,184	$	—	$	3,184	$	—

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS (Tables)

6 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Compensation Cost And Related Income Tax Benefits Recognized

Compensation cost and related income tax benefits recognized in the Consolidated Statements of Operations for stock-based compensation plans were as follows:


	Three Months Ended December 31,				Six Months Ended December 31,
	2022		2021		2022		2021
Selling, general and administrative expense	$	3,435	$	4,156	$	7,429	$	8,443



Related income tax benefit	$	552	$	434	$	954	$	707

Non-Vested Restricted Stock And Restricted Share Unit Awards

A summary of the restricted stock activity (including all RSAs, RSUs and PSUs) for the six months ended December 31, 2022 is as follows:


	Number of Shares and Units	Weighted Average Grant Date Fair Value (per share)
Non-vested RSAs, RSUs and PSUs outstanding at June 30, 2022	790	$	42.44
Granted	1,003	$	21.39
Vested	(166)	$	39.20
Forfeited	(335)	$	37.28
Non-vested RSAs, RSUs and PSUs outstanding at December 31, 2022	1,292	$	29.37

Restricted Stock Grant Information

The fair value of RSAs, RSUs and PSUs granted and of shares vested, and the tax benefit recognized from restricted shares vesting was as follows:


	Six Months Ended December 31,
	2022		2021
Fair value of RSAs, RSUs and PSUs granted	$	21,457	$	34,678
Fair value of shares vested	$	3,317	$	68,017
Tax benefit recognized from restricted shares vesting	$	502	$	3,532

Schedule of Fair Value Assumptions

Grant date fair values are calculated using a Monte-Carlo simulation model with grant date fair values per target share and related valuation assumptions as follows:


	Absolute TSR PSUs		Relative TSR PSUs
Grant date fair value (per target share)	$20.18		$27.47
Risk-free interest rate	3.54	%	3.54	%
Expected dividend yield	—		—
Expected volatility	40.30	%	26.60	%
Expected term	3.00 years		3.00 years

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 17,889	$ 50,300
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	24,125	21,758
Deferred income taxes	(1,983)	(3,271)
Equity in net loss of equity-method investees	698	991
Stock-based compensation, net	7,429	8,443
Long-lived asset impairment	340	303
Gain on sale of assets	(3,395)	(8,921)
Other non-cash items, net	(2,505)	(1,486)
(Decrease) increase in cash attributable to changes in operating assets and liabilities:
Accounts receivable	(6,536)	12,370
Inventories	(18,629)	2,473
Other current assets	(331)	(5,126)
Other assets and liabilities	4,178	1,776
Accounts payable and accrued expenses	(23,932)	(11,579)
Net cash (used in) provided by operating activities	(2,652)	68,031
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment	(14,055)	(27,996)
Acquisitions of businesses, net of cash acquired	0	(254,569)
Investments and joint ventures, net	433
Investments and joint ventures, net		(514)
Proceeds from sale of assets	7,608	10,734
Net cash used in investing activities	(6,014)	(272,345)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings under bank revolving credit facility	185,000	540,000
Repayments under bank revolving credit facility	(194,750)	(330,000)
Borrowings under term loan	0	300,000
Payments of other debt, net	(159)	(3,185)
Share repurchases	0	(266,933)
Employee shares withheld for taxes	(983)	(31,033)
Net cash (used in) provided by financing activities	(10,892)	208,849
Effect of exchange rate changes on cash	(2,517)	(3,204)
Net (decrease) increase in cash and cash equivalents	(22,075)	1,331
Cash and cash equivalents at beginning of period	65,512	75,871
Cash and cash equivalents at end of period	$ 43,437	$ 77,202

DERIVATIVES AND HEDGING ACTIVITIES - Cash Flow Hedges and Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in AOCL on Derivatives	$ (602)	$ 1,267	$ 14,660	$ 1,945
Interest and other financing expense, net / Other expense (income), net	1,062	9,070	2,852	9,858
Cost of sales	350,351	359,646	695,367	709,131
Reclassification out of Accumulated Other Comprehensive Income \| Deferred (losses) gains on cash flow hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Reclassified from AOCL into Income (Expense)	1,873	585	2,905	1,219
Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in AOCL on Derivatives	(682)	772	14,580	655
Interest Rate Swap \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred (losses) gains on cash flow hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest and other financing expense, net	1,988	(105)	3,135	(209)
Cross-currency swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in AOCL on Derivatives	0	593	0	1,369
Cross-currency swap \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred (losses) gains on cash flow hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest and other financing expense, net / Other expense (income), net	(115)	664	(230)	1,402
Foreign currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in AOCL on Derivatives	80	(98)	80	(79)
Foreign currency forward contracts \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred (losses) gains on cash flow hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cost of sales	$ 0	$ 26	$ 0	$ 26

INCOME TAXES (Details)	3 Months Ended		6 Months Ended
INCOME TAXES (Details)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation (as a percent)	36.00%	18.60%	32.60%	18.60%

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net sales	$ 454,208	$ 476,941	$ 893,559	$ 931,844
Cost of sales	350,351	359,646	695,367	709,131
Gross profit	103,857	117,295	198,192	222,713
Selling, general and administrative expenses	72,357	80,136	147,308	153,929
Amortization of acquired intangible assets	2,785	2,049	5,573	4,144
Productivity and transformation costs	986	2,786	1,759	6,769
Long-lived asset impairment	340	303	340	303
Operating income	27,389	32,021	43,212	57,568
Interest and other financing expense, net	10,812	2,592	18,489	4,448
Other income, net	(1,062)	(9,070)	(2,852)	(9,858)
Income before income taxes and equity in net loss of equity-method investees	17,639	38,499	27,575	62,978
Provision for income taxes	6,357	7,145	8,988	11,687
Equity in net loss of equity-method investees	316	465	698	991
Net income	$ 10,966	$ 30,889	$ 17,889	$ 50,300
Net income per common share:
Basic (USD per share)	$ 0.12	$ 0.33	$ 0.20	$ 0.53
Diluted (USD per share)	$ 0.12	$ 0.33	$ 0.20	$ 0.52
Shares used in the calculation of net income per common share:
Basic (shares)	89,380	94,036	89,343	95,579
Diluted (shares)	89,578	94,808	89,535	96,123

BASIS OF PRESENTATION	6 Months Ended
BASIS OF PRESENTATION	Dec. 31, 2022
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The Company’s unaudited consolidated financial statements include the accounts of the Company and its wholly owned and majority-owned subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation. Investments in affiliated companies in which the Company exerts significant influence, but which it does not control, are accounted for under the equity method of accounting. As such, consolidated net income includes the Company's equity in the current earnings or losses of such companies. The Company's unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP and should be read in conjunction with the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2022 (the “Form 10-K”). The amounts as of and for the periods ended June 30, 2022 are derived from the Company’s audited annual financial statements. The unaudited consolidated financial statements reflect all normal recurring adjustments which, in management’s opinion, are necessary for a fair presentation for interim periods. Operating results for the six months ended December 31, 2022 are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2023. Please refer to the Notes to the Consolidated Financial Statements as of June 30, 2022 and for the fiscal year then ended included in the Form 10-K for information not included in these condensed notes. All amounts in the unaudited consolidated financial statements, notes and tables have been rounded to the nearest thousand, except par values and per share amounts, unless otherwise indicated. Reclassifications Certain prior year amounts have been reclassified to conform with current year presentation. Significant Accounting Policies The Company's significant accounting policies are described in Note 2, Summary of Significant Accounting Policies and Practices, in the Notes to the Consolidated Financial Statements in the Form 10-K. Included herein are certain updates to those policies. Transfer of Financial Assets The Company accounts for transfers of financial assets, such as non-recourse accounts receivable financing arrangements, when the Company has surrendered control over the related assets. Determining whether control has transferred requires an evaluation of relevant legal considerations, an assessment of the nature and extent of the Company’s continuing involvement with the assets transferred and any other relevant considerations. The Company has non-recourse financing arrangements in which eligible receivables are sold to third-party buyers in exchange for cash. The Company transferred accounts receivable in their entirety to the buyers and satisfied all of the conditions to report the transfer of financial assets in their entirety as a sale. The principal amount of receivables sold under these arrangements was $189,794 and $64,133 during the six months ended December 31, 2022 and 2021, respectively. The incremental cost of financing receivables under these arrangements is included in selling, general and administrative expenses on the Company’s Consolidated Statements of Operations. The proceeds from the sale of receivables are included in cash used in operating activities on the Consolidated Statements of Cash Flows. Recently Adopted Accounting Pronouncements In March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) 2020-04, "Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting". The guidance allows for companies to: (1) account for certain contract modifications as a continuation of the existing contract without additional analysis; (2) continue hedge accounting when certain critical terms of a hedging relationship change and assess effectiveness in ways that disregard certain potential sources of ineffectiveness; and (3) make a one-time sale and/or transfer of certain debt securities from held-to-maturity to available-for-sale or trading. This ASU is available for adoption by the Company and applies prospectively to contract modifications and hedging relationships. ASU 2020-04 is currently effective and may be applied prospectively to contract modifications made on or before December 31, 2022. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, which extends the provisions of Topic 848 to December 31, 2024. ASU 2020-04 allows for different elections to be made at different points in time and the timing of those elections will be documented as applicable. For the avoidance of doubt, the Company intends to reassess its elections of optional expedients and exceptions included within ASU 2020-04 related to its hedging activities and will document the election of these items on a quarterly basis or when changes/additions are necessary. During fiscal year 2023, the Company adopted hedge accounting expedients related to probability of forecasted transactions to assert probability of the hedged interest (payments/receipts) regardless of any expected modification in terms related to reference rate reform. The Company has also adopted the Secured Overnight Financing Rate (“SOFR”) as the alternative reference rate to replace LIBOR with respect to the Company’s long-term debt. Application of these expedients preserves the presentation of derivatives consistent with past presentation. The Company is continuing to assess the impact of the guidance and may apply other elections as applicable as additional changes in the market occur.

FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE

6 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE

The Company’s financial assets and liabilities measured at fair value are required to be grouped in one of three levels. The levels prioritize the inputs used to measure the fair value of the assets or liabilities. These levels are:

•Level 1 – Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

•Level 2 – Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

•Level 3 – Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity).

The following table presents assets and liabilities measured at fair value on a recurring basis as of December 31, 2022:


	Total		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Assets:

Derivative financial instruments	$	15,101	$	—	$	15,101	$	—
Equity investment	2		2		—		—
Total	$	15,103	$	2	$	15,101	$	—

The following table presents assets and liabilities measured at fair value on a recurring basis as of June 30, 2022:


	Total		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Assets:

Derivative financial instruments	$	7,476	$	—	$	7,476	$	—
Equity investment	560		560		—		—
Total	$	8,036	$	560	$	7,476	$	—
Liabilities:
Derivative financial instruments	3,184		—		3,184		—

Total	$	3,184	$	—	$	3,184	$	—

There were no transfers of financial instruments between the three levels of fair value hierarchy during the six months ended December 31, 2022 or 2021.

Derivative Instruments

The Company uses interest rate swaps to manage its interest rate risk and cross-currency swaps and foreign currency exchange contracts to manage its exposure to fluctuations in foreign currency exchange rates. The valuation of these instruments is determined using widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves.

The Company incorporates credit valuation adjustments to appropriately reflect both the Company’s nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of the Company’s derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees.

Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by the Company and its counterparties. The Company has determined that the significance of the impact of the credit valuation adjustments made to its derivative contracts, which determination was based on the fair value of each individual contract, was not significant to the overall valuation. As a result, all of the derivatives held as of December 31, 2022 and June 30, 2022 were classified as Level 2 of the fair value hierarchy.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

GOODWILL AND OTHER INTANGIBLE ASSETS - Changes In Carrying Amount Of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2022
Goodwill
Beginning balance, goodwill		$ 933,796
Acquisition	$ (794)	(794)
Divestiture		(3,054)
Translation and other adjustments, net		(2,870)
Ending balance, goodwill	927,078	927,078
North America
Goodwill
Beginning balance, goodwill		695,715
Acquisition		(794)
Divestiture	(3,054)
Translation and other adjustments, net		4,252
Ending balance, goodwill	696,119	696,119
International
Goodwill
Beginning balance, goodwill		238,081
Acquisition		0
Divestiture		0
Translation and other adjustments, net		(7,122)
Ending balance, goodwill	$ 230,959	$ 230,959

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

DERIVATIVES AND HEDGING ACTIVITIES - Fair Value Hedges (Details) - Loans Receivable - Fair Value Hedging - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Amount of the Hedged Asset	$ 26,441	$ 25,899
Cumulative Amount of Fair Value Hedge Adjustment Included in the Carrying Amount of the Hedged Asset	$ 2,230	$ 122

COMMITMENTS AND CONTINGENCIES (Details)			6 Months Ended
COMMITMENTS AND CONTINGENCIES (Details)	Apr. 26, 2017 complaint	Aug. 17, 2016 complaint	Dec. 31, 2022 lawsuit
Securities Complaints
Loss Contingencies [Line Items]
Number of complaints		3
Barnes Complaint
Loss Contingencies [Line Items]
Number of complaints	2
Baby Food Litigation, Personal Injury \| Pending Litigation
Loss Contingencies [Line Items]
Number of complaints alleging injury \| lawsuit			6

Cover Page - shares	6 Months Ended
Cover Page - shares	Dec. 31, 2022	Jan. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	0-22818
Entity Registrant Name	THE HAIN CELESTIAL GROUP, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	22-3240619
Entity Address, Address Line One	1111 Marcus Avenue
Entity Address, City or Town	Lake Success
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11042
City Area Code	516
Local Phone Number	587-5000
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	HAIN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		89,417,250
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000910406
Current Fiscal Year End Date	--06-30

GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The following table provides changes in the carrying value of goodwill by reportable segment:


	North America		International		Total
Balance as of June 30, 2022	$	695,715	$	238,081	$	933,796
Acquisition(1)	(794)		—		(794)
Divestiture(2)	(3,054)		—		(3,054)


Translation and other adjustments, net	4,252		(7,122)		(2,870)
Balance as of December 31, 2022	$	696,119	$	230,959	$	927,078

(1) During the second quarter of fiscal year 2023, the Company finalized purchase accounting related to THWR resulting in a $794 reduction to goodwill. See Note 4.

(2) During December 2022, the Company completed the divestiture of Westbrae, a component of the United States reporting unit. Goodwill of $3,054 was assigned to the divested businesses on a relative fair value basis.

Other Intangible Assets

The following table includes the gross carrying amount and accumulated amortization, where applicable, for intangible assets, excluding goodwill:


	December 31, 2022		June 30, 2022
Non-amortized intangible assets:
Trademarks and tradenames	$	374,772	$	379,466
Amortized intangible assets:
Other intangibles	202,802		199,448
Less: Accumulated amortization	(106,618)		(101,381)
Net amortized intangible assets	96,184		98,067
Net other intangible assets	$	470,956	$	477,533

There were no events or circumstances that warranted an interim impairment test for indefinite-lived intangible assets during the three and six months ended December 31, 2022 or 2021.

Amortized intangible assets, which are deemed to have a finite life, primarily consist of customer relationships, trademarks and tradenames and are amortized over their estimated useful lives of 7 to 25 years. Amortization expense included in the Consolidated Statements of Operations was as follows:


	Three Months Ended December 31,				Six Months Ended December 31,
	2022		2021		2022		2021
Amortization of acquired intangibles	$	2,785	$	2,050	$	5,573	$	4,145

SEGMENT INFORMATION

6 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

SEGMENT INFORMATION

Our organization structure consists of two geographic-based reportable segments: North America and International. Our North America reportable segment consists of the United States and Canada as operating segments. Our International reportable segment is comprised of three operating segments: United Kingdom, Ella’s Kitchen UK, and Europe. This structure is in line with how our Chief Operating Decision Maker (“CODM”), the Company's Chief Executive Officer, assesses our performance and allocates resources.

We use segment net sales and operating income to evaluate performance and to allocate resources. We believe these measures are most relevant in order to analyze segment results and trends. Segment operating income excludes certain general corporate expenses (which are a component of selling, general and administrative expenses), impairment and acquisition related expenses, restructuring, integration, and other charges.

The following tables set forth financial information about each of the Company’s reportable segments. Transactions between reportable segments were insignificant for all periods presented.


	Three Months Ended December 31,				Six Months Ended December 31,
	2022		2021		2022		2021
Net Sales:
North America	$	282,361	$	275,014	$	570,757	$	540,539
International	171,847		201,927		322,802		391,305

	$	454,208	$	476,941	$	893,559	$	931,844

Operating Income (Loss):
North America	$	32,262	$	27,162	$	56,707	$	44,004
International	11,940		27,368		19,615		51,437
	44,202		54,530		76,322		95,441
Corporate and Other (a)	(16,813)		(22,509)		(33,110)		(37,873)
	$	27,389	$	32,021	$	43,212	$	57,568

The Company’s net sales by geographic region, which are generally based on the location of the Company’s subsidiaries, were as follows:


	Three Months Ended December 31,				Six Months Ended December 31,
	2022		2021		2022		2021
United States	$	255,056	$	243,909	$	514,563	$	477,396
United Kingdom	123,578		139,352		232,738		263,100
All Other	75,574		93,680		146,258		191,348
Total	$	454,208	$	476,941	$	893,559	$	931,844

The Company’s long-lived assets, which represent net property, plant and equipment and operating lease right-of-use assets, were as follows by geographic area:


	December 31, 2022		June 30, 2022
United States	$	170,184	$	182,038
United Kingdom	132,116		133,213
All Other	93,709		96,845
Total	$	396,009	$	412,096

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

DEBT AND BORROWINGS - Maturities of Debt Instruments (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Debt Disclosure [Abstract]
Remainder of 2023	$ 3,729
2024	7,361
2025	7,343
2026	7,320
2027	852,649
Total debt and borrowings	$ 878,402

- Definition

Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes In Carrying Amount Of Goodwill

The following table provides changes in the carrying value of goodwill by reportable segment:


	North America		International		Total
Balance as of June 30, 2022	$	695,715	$	238,081	$	933,796
Acquisition(1)	(794)		—		(794)
Divestiture(2)	(3,054)		—		(3,054)


Translation and other adjustments, net	4,252		(7,122)		(2,870)
Balance as of December 31, 2022	$	696,119	$	230,959	$	927,078

(1) During the second quarter of fiscal year 2023, the Company finalized purchase accounting related to THWR resulting in a $794 reduction to goodwill. See Note 4.

Other Intangible Assets

The following table includes the gross carrying amount and accumulated amortization, where applicable, for intangible assets, excluding goodwill:


	December 31, 2022		June 30, 2022
Non-amortized intangible assets:
Trademarks and tradenames	$	374,772	$	379,466
Amortized intangible assets:
Other intangibles	202,802		199,448
Less: Accumulated amortization	(106,618)		(101,381)
Net amortized intangible assets	96,184		98,067
Net other intangible assets	$	470,956	$	477,533

Other Intangible Assets

The following table includes the gross carrying amount and accumulated amortization, where applicable, for intangible assets, excluding goodwill:


	December 31, 2022		June 30, 2022
Non-amortized intangible assets:
Trademarks and tradenames	$	374,772	$	379,466
Amortized intangible assets:
Other intangibles	202,802		199,448
Less: Accumulated amortization	(106,618)		(101,381)
Net amortized intangible assets	96,184		98,067
Net other intangible assets	$	470,956	$	477,533

Finite-lived Intangible Assets Amortization Expense

Amortization expense included in the Consolidated Statements of Operations was as follows:


	Three Months Ended December 31,				Six Months Ended December 31,
	2022		2021		2022		2021
Amortization of acquired intangibles	$	2,785	$	2,050	$	5,573	$	4,145

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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+ Details

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) (Parenthetical) - $ / shares	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Common stock, par value (USD per share)	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01

ACCUMULATED OTHER COMPREHENSIVE LOSS

6 Months Ended

Dec. 31, 2022

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table presents the changes in accumulated other comprehensive loss (AOCL):


	Three Months Ended December 31,				Six Months Ended December 31,
	2022		2021		2022		2021
Foreign currency translation adjustments:
Other comprehensive income (loss) income before reclassifications	$	59,674	$	(2,143)	$	(7,476)	$	(24,948)

Deferred (losses) gains on cash flow hedging instruments:

Amount of (loss) gain recognized in AOCL on derivatives (1)	(454)		1,002		10,907		1,537
Amount of gain reclassified from AOCL into income (1)	(1,411)		(464)		(2,180)		(964)
Deferred (losses) gains on fair value hedging instruments:
Amount of (loss) gain recognized in AOCL on derivatives (1)	(1,067)		—		78		—
Amount of loss reclassified from AOCL into expense (1)	1,588		—		240		—
Deferred (losses) gains on net investment hedging instruments:

Amount of (loss) gain recognized in AOCL on derivatives (1)	(4,359)		1,460		309		3,370
Amount of gain reclassified from AOCL into income (1)	(373)		(111)		(742)		(214)
Net change in AOCL	$	53,598	$	(256)	$	1,136	$	(21,219)

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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+ Details

ACQUISITION AND DISPOSITION - Narrative (Details) - USD ($) $ in Thousands			3 Months Ended	6 Months Ended
	Dec. 31, 2022	Dec. 28, 2021	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 15, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Acquisitions of businesses, net of cash acquired				$ 0	$ 254,569
Goodwill, purchase price allocation			$ (794)	(794)
Divestiture				(3,054)
Pre-tax gain (loss) on sale of assets				3,395	$ 8,921
Disposed of by Sale \| Westbrae Natural
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Divestiture				(3,054)
Pre-tax gain (loss) on sale of assets			3,359
North America
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill, purchase price allocation				$ (794)
Divestiture			$ (3,054)
That's How We Roll
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total consideration		$ 260,185
Acquisitions of businesses, net of cash acquired		$ 259,985
Consideration payable	$ 200
That's How We Roll \| Operating Segments \| Sales \| Product Concentration Risk \| United States Segment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Concentration risk, percentage			3.50%	3.50%
Westbrae Natural \| Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration						$ 7,498

DEBT AND BORROWINGS

6 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

DEBT AND BORROWINGS

Debt and borrowings consisted of the following:


	December 31, 2022		June 30, 2022
Revolving credit facility	$	587,000	$	593,000
Term loans	292,500		296,250
Less: Unamortized issuance costs	(1,495)		(1,105)
Other borrowings(1)	397		498
	878,402		888,643
Short-term borrowings and current portion of long-term debt(2)	7,602		7,705
Long-term debt, less current portion	$	870,800	$	880,938

(1) Includes $379 (June 30, 2022: $427) of finance lease obligations as discussed in Note 7, Leases.

(2) Includes $100 (June 30, 2022: $149) of short-term finance lease obligations as discussed in Note 7, Leases.

Amended and Restated Credit Agreement

On December 22, 2021, the Company refinanced its revolving credit facility by entering into a Fourth Amended and Restated Credit Agreement (as amended by a First Amendment dated December 16, 2022, the “Credit Agreement”). The Credit Agreement provides for senior secured financing of $1,100,000 in the aggregate, consisting of (1) $300,000 in aggregate principal amount of term loans (the “Term Loans”) and (2) an $800,000 senior secured revolving credit facility (which includes borrowing capacity available for letters of credit and is comprised of a $440,000 U.S. revolving credit facility and $360,000 global revolving credit facility) (the “Revolver”). Both the Revolver and the Term Loans mature on December 22, 2026.

The Credit Agreement includes financial covenants that require compliance with a consolidated interest coverage ratio, a consolidated leverage ratio and a consolidated secured leverage ratio. The minimum consolidated interest coverage ratio is 2.75:1.00. The maximum consolidated leverage ratio is 6.00:1.00. Through December 31, 2023 or such earlier date as elected by the Company (the “Amendment Period”), the maximum consolidated secured leverage ratio is 5.00:1.00. Following the Amendment Period, the maximum consolidated secured leverage ratio will be 4.25:1.00, subject to possible temporary increase following certain corporate acquisitions.

During the Amendment Period, loans under the Credit Agreement will bear interest at (a) the Secured Overnight Financing Rate, plus a credit spread adjustment of 0.10% (as adjusted, “Term SOFR”) plus 2.0% per annum or (b) the Base Rate (as defined in the Credit Agreement) plus 1.0% per annum. Following the Amendment Period, loans will bear interest at rates based on (a) Term SOFR plus a rate ranging from 0.875% to 1.750% per annum or (b) the Base Rate plus a rate ranging from 0.00% to 0.750% per annum, the relevant rate in each case being the Applicable Rate. The Applicable Rate following the Amendment Period will be determined in accordance with a leverage-based pricing grid, as set forth in the Credit Agreement. The weighted average interest rate on outstanding borrowings under the Credit Agreement at December 31, 2022 was 5.59%. Additionally, the Credit Agreement contains a Commitment Fee (as defined in the Credit Agreement) on the amount unused under the Credit Agreement ranging from 0.15% to 0.25% per annum, and such Commitment Fee is determined in accordance with a leverage-based pricing grid.

As of December 31, 2022, there were $587,000 of loans under the Revolver, $292,500 of Term Loans, and $6,769 of letters of credit outstanding under the Credit Agreement. As of December 31, 2022, $206,231 was available under the Credit Agreement, subject to compliance with the financial covenants. As of December 31, 2022, the Company was in compliance with all associated covenants.

Credit Agreement Issuance Costs

In connection with the First Amendment to its Credit Agreement during the second quarter of fiscal year 2023, the Company incurred debt issuance costs of approximately $1,987, of which $1,916 was deferred. Of the total deferred costs, $1,396 were associated with the Revolver and are being amortized on a straight-line basis within Other assets on our Consolidated Balance Sheets, and $520 are being amortized on a straight-line basis, which approximates the effective interest method, as an adjustment to the carrying amount of the Term Loans as a component of Interest and other financing expense, net over the term of the Credit Agreement.

Maturities of all debt instruments at December 31, 2022, are as follows:


Due in Fiscal Year	Amount
Remainder of 2023	$	3,729
2024	7,361
2025	7,343
2026	7,320
2027	852,649

Total debt and borrowings	$	878,402

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

EARNINGS PER SHARE - Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jan. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Additional number of shares authorized to be repurchase					$ 200,000,000
Remaining authorized repurchase amount	$ 173,514,000		$ 173,514,000
Number of shares repurchased (in shares)				6,552
Average cost (USD per share)				$ 40.50
Shares repurchased value				$ 265,420,000
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (shares)	372	316	453	158
Stock Based Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (shares)	401	76	286	76

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

6 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment, Net

Property, plant and equipment, net consisted of the following:


	December 31, 2022		June 30, 2022
Land	$	11,177	$	11,216
Buildings and improvements	50,150		51,849
Machinery and equipment	301,240		296,398
Computer hardware and software	64,319		65,680
Furniture and fixtures	21,548		23,522
Leasehold improvements	53,753		54,999
Construction in progress	40,399		27,200
	542,586		530,864
Less: Accumulated depreciation and impairment	247,951		233,459
	$	294,635	$	297,405

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Loss
Beginning balance (shares) at Jun. 30, 2021		109,507
Balance at Jun. 30, 2021	$ 1,522,883	$ 1,096	$ 1,187,530	$ 691,225	$ (283,957)	$ (73,011)
Beginning balance (shares) at Jun. 30, 2021					10,438
Increase (Decrease) in Stockholders' Equity
Net income	19,411			19,411
Other comprehensive (loss) Income	(20,963)					(20,963)
Issuance of common stock pursuant to stock-based compensation plans (shares)		61
Employee shares withheld for taxes (shares)					29
Employee shares withheld for taxes	(1,175)				$ (1,175)
Repurchases of common stock (shares)					4,525
Repurchases of common stock	(175,687)				$ (175,687)
Stock-based compensation expense	4,287		4,287
Ending balance (shares) at Sep. 30, 2021		109,568
Balance at Sep. 30, 2021	1,348,756	$ 1,096	1,191,817	710,636	$ (460,819)	(93,974)
Ending balance (shares) at Sep. 30, 2021					14,992
Beginning balance (shares) at Jun. 30, 2021		109,507
Balance at Jun. 30, 2021	1,522,883	$ 1,096	1,187,530	691,225	$ (283,957)	(73,011)
Beginning balance (shares) at Jun. 30, 2021					10,438
Increase (Decrease) in Stockholders' Equity
Net income	50,300
Ending balance (shares) at Dec. 31, 2021		111,004
Balance at Dec. 31, 2021	1,263,856	$ 1,110	1,195,959	741,525	$ (580,508)	(94,230)
Ending balance (shares) at Dec. 31, 2021					17,673
Beginning balance (shares) at Sep. 30, 2021		109,568
Balance at Sep. 30, 2021	1,348,756	$ 1,096	1,191,817	710,636	$ (460,819)	(93,974)
Beginning balance (shares) at Sep. 30, 2021					14,992
Increase (Decrease) in Stockholders' Equity
Net income	30,889			30,889
Other comprehensive (loss) Income	(256)					(256)
Issuance of common stock pursuant to stock-based compensation plans (shares)		1,436
Issuance of common stock pursuant to stock-based compensation plans	0	$ 14	(14)
Employee shares withheld for taxes (shares)					654
Employee shares withheld for taxes	(29,858)				$ (29,858)
Repurchases of common stock (shares)					2,027
Repurchases of common stock	(89,831)				$ (89,831)
Stock-based compensation expense	4,156		4,156
Ending balance (shares) at Dec. 31, 2021		111,004
Balance at Dec. 31, 2021	$ 1,263,856	$ 1,110	1,195,959	741,525	$ (580,508)	(94,230)
Ending balance (shares) at Dec. 31, 2021					17,673
Beginning balance (shares) at Jun. 30, 2022	89,302	111,090
Balance at Jun. 30, 2022	$ 1,083,168	$ 1,111	1,203,126	769,098	$ (725,685)	(164,482)
Beginning balance (shares) at Jun. 30, 2022	21,788				21,788
Increase (Decrease) in Stockholders' Equity
Net income	$ 6,923			6,923
Other comprehensive (loss) Income	(52,462)					(52,462)
Issuance of common stock pursuant to stock-based compensation plans (shares)		24
Issuance of common stock pursuant to stock-based compensation plans	1	$ 1
Employee shares withheld for taxes (shares)					10
Employee shares withheld for taxes	(229)				$ (229)
Stock-based compensation expense	3,994		3,994
Ending balance (shares) at Sep. 30, 2022		111,114
Balance at Sep. 30, 2022	$ 1,041,395	$ 1,112	1,207,120	776,021	$ (725,914)	(216,944)
Ending balance (shares) at Sep. 30, 2022					21,798
Beginning balance (shares) at Jun. 30, 2022	89,302	111,090
Balance at Jun. 30, 2022	$ 1,083,168	$ 1,111	1,203,126	769,098	$ (725,685)	(164,482)
Beginning balance (shares) at Jun. 30, 2022	21,788				21,788
Increase (Decrease) in Stockholders' Equity
Net income	$ 17,889
Ending balance (shares) at Dec. 31, 2022	89,419	111,256
Balance at Dec. 31, 2022	$ 1,108,641	$ 1,113	1,210,555	786,987	$ (726,668)	(163,346)
Ending balance (shares) at Dec. 31, 2022	21,837				21,837
Beginning balance (shares) at Sep. 30, 2022		111,114
Balance at Sep. 30, 2022	$ 1,041,395	$ 1,112	1,207,120	776,021	$ (725,914)	(216,944)
Beginning balance (shares) at Sep. 30, 2022					21,798
Increase (Decrease) in Stockholders' Equity
Net income	10,966			10,966
Other comprehensive (loss) Income	53,598					53,598
Issuance of common stock pursuant to stock-based compensation plans (shares)		142
Issuance of common stock pursuant to stock-based compensation plans	1	$ 1
Employee shares withheld for taxes (shares)					39
Employee shares withheld for taxes	(754)				$ (754)
Stock-based compensation expense	$ 3,435		3,435
Ending balance (shares) at Dec. 31, 2022	89,419	111,256
Balance at Dec. 31, 2022	$ 1,108,641	$ 1,113	$ 1,210,555	$ 786,987	$ (726,668)	$ (163,346)
Ending balance (shares) at Dec. 31, 2022	21,837				21,837

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total other comprehensive income (loss)	$ 53,598	$ (256)	$ 1,136	$ (21,219)
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss)	59,674	(2,143)	(7,476)	(24,948)
Deferred (losses) gains on cash flow hedging instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss)	(454)	1,002	10,907	1,537
Amounts reclassified into income (expense)	(1,411)	(464)	(2,180)	(964)
Deferred (losses) gains on fair value hedging instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss)	(1,067)	0	78	0
Amounts reclassified into income (expense)	1,588	0	240	0
Deferred (losses) gains on net investment hedging instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss)	(4,359)	1,460	309	3,370
Amounts reclassified into income (expense)	$ (373)	$ (111)	$ (742)	$ (214)

ACQUISITION AND DISPOSITION - Pro Forma Information (Details) - That's How We Roll - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Net sales	$ 454,208	$ 500,349	$ 893,559	$ 985,544
Net income from operations	$ 10,966	$ 36,244	$ 17,889	$ 55,669
Diluted net income per common share from operations	$ 0.12	$ 0.38	$ 0.20	$ 0.58

DERIVATIVES AND HEDGING ACTIVITIES - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)	Dec. 31, 2022 instrument
Cross-currency swap \| Fair Value Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments \| instrument		1
Forecast \| Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Other comprehensive income (loss), cash flow hedge, reclassification	$ (3,664)
Forecast \| Interest Rate Swap \| Fair Value Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Other comprehensive income (loss), cash flow hedge, reclassification	(239)
Forecast \| Cross-currency swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Other comprehensive income (loss), cash flow hedge, reclassification	$ 46