0000910406-23-000053 | 10-K | XBRL Viewer

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Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Pay vs Performance Disclosure
Net (loss) income	$ (116,537)	$ 77,873	$ 77,364

- Definition

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

+ References

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+ Details

STOCKHOLDERS' EQUITY - Narrative (Details) - USD ($)	12 Months Ended
STOCKHOLDERS' EQUITY - Narrative (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jan. 31, 2022
Equity [Abstract]
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Authorized amount			$ 200,000,000
Number of shares repurchased (in shares)	0	10,626,000
Remaining authorized repurchase amount	$ 173,514,000
Shares repurchased		$ 408,886,000
Average cost (USD per share)		$ 38.48

INVENTORIES

12 Months Ended

Jun. 30, 2023

Inventory, Net [Abstract]

INVENTORIES

Inventories consisted of the following:


	Fiscal Year Ended June 30,
	2023		2022

Finished goods	$	192,007	$	202,544
Raw materials, work-in-progress and packaging	118,334		105,490
	$	310,341	$	308,034

SEGMENT INFORMATION - Segment Data (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Net Sales	$ 1,796,643	$ 1,891,793	$ 1,970,302
Adjusted EBITDA	166,622	200,616	258,938
Impairment charges
Inventory write-down	0	351	421
Intangibles and long-lived asset impairment	(175,501)	(1,903)	(57,920)
Acquisitions, divestitures and other
Transaction and integration costs, net	(2,018)	(14,055)	(3,291)
Gain on sale of assets	3,529	9,049	4,900
Gain on sale of businesses	0	0	2,680
Restructuring activities
Litigation and related costs	1,369	(7,687)	(995)
Depreciation and amortization	(50,777)	(46,849)	(49,569)
Equity in net loss of equity-method investees	(1,134)	(2,902)	(1,591)
Interest expense, net	(43,936)	(10,226)	(5,880)
(Benefit) provision for income taxes	14,178	(22,716)	(41,093)
Stock-based compensation, net	(14,423)	(15,611)	(15,659)
Unrealized currency (losses) gains	(929)	2,259	(828)
Net (loss) income from continuing operations	(116,537)	77,873	66,109
CEO Succession
Restructuring activities
Restructuring activities	(5,113)	0	0
Plant Closure Related Costs, Net
Restructuring activities
Restructuring activities	(94)	(929)	(58)
Productivity and Transformation Costs Initiative
Restructuring activities
Restructuring activities	(7,284)	(8,803)	(12,572)
Warehouse/Manufacturing Consolidation And Other Costs, Net
Restructuring activities
Restructuring activities	(1,026)	(2,721)	(11,374)
Operating Segments
Segment Reporting Information [Line Items]
Net Sales	1,796,643	1,891,793	1,970,302
Adjusted EBITDA	206,388	232,308	295,927
Operating Segments \| North America
Segment Reporting Information [Line Items]
Net Sales	1,139,162	1,163,132	1,104,128
Adjusted EBITDA	123,443	122,235	162,045
Operating Segments \| International
Segment Reporting Information [Line Items]
Net Sales	657,481	728,661	866,174
Adjusted EBITDA	82,945	110,073	133,882
Corporate and Other
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ (39,766)	$ (31,692)	$ (36,989)

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Payables and Accruals [Abstract]
Payroll, employee benefits and other administrative accruals	$ 49,564	$ 44,756
Facility, freight and warehousing accruals	10,051	10,922
Selling and marketing related accruals	9,569	9,548
Short-term operating lease liabilities	10,489	13,154
Other accruals	8,847	8,453
Accrued expenses and other current liabilities	$ 88,520	$ 86,833

INVESTMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
INVESTMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2023
Schedule of Equity Method Investments [Line Items]
Other than temporary impairment	$ 1,203
Founders Table
Schedule of Equity Method Investments [Line Items]
Carrying value of investment	9,491	$ 8,032
Hutchison Hain Organic Holdings Limited
Schedule of Equity Method Investments [Line Items]
Carrying value of investment	$ 4,965	$ 4,766

GOODWILL AND OTHER INTANGIBLE ASSETS - Components of Other Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Amortized intangible assets:
Other intangibles	$ 161,874	$ 199,448
Less: Accumulated amortization	(114,629)	(101,381)
Net amortized intangible assets	47,245	98,067
Net other intangible assets	$ 298,105	477,533
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]	Intangibles and long-lived asset impairment
Trademarks and trade names
Non-amortized intangible assets:
Trademarks and trade names	$ 250,860	379,466
Amortized intangible assets:
Accumulated impairment charges	$ 223,981	$ 94,873
Other Intangible Assets \| ParmCrisps
Amortized intangible assets:
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]	Intangibles and long-lived asset impairment
Non-cash impairment charge	$ 45,798

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Treasury Stock	Accumulated Other Comprehensive (Loss) Income
Beginning balance (in shares) at Jun. 30, 2020			109,123
Beginning balance at Jun. 30, 2020	$ 1,443,554	$ (310)	$ 1,092	$ 1,171,875	$ 614,171	$ (310)	$ (172,192)	$ (171,392)
Beginning balance (shares) at Jun. 30, 2020							7,238
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	77,364				77,364
Other comprehensive income (loss)	98,381							98,381
Issuance of common stock pursuant to stock-based compensation plans (in shares)			384
Issuance of common stock pursuant to stock-based compensation plans	0		$ 4	(4)
Employee shares withheld for taxes (in shares)							120
Employee shares withheld for taxes	(4,282)						$ (4,282)
Repurchases of common stock (in shares)							3,080
Repurchases of common stock	(107,483)						$ (107,483)
Stock-based compensation expense	15,659			15,659
Ending balance (in shares) at Jun. 30, 2021			109,507
Ending balance at Jun. 30, 2021	1,522,883		$ 1,096	1,187,530	691,225		$ (283,957)	(73,011)
Ending balance (shares) at Jun. 30, 2021							10,438
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	77,873				77,873
Other comprehensive income (loss)	(91,471)							(91,471)
Issuance of common stock pursuant to stock-based compensation plans (in shares)			1,583
Issuance of common stock pursuant to stock-based compensation plans	0		$ 15	(15)
Employee shares withheld for taxes (in shares)							724
Employee shares withheld for taxes	(32,663)						$ (32,663)
Repurchases of common stock (in shares)							10,626
Repurchases of common stock	(409,065)						$ (409,065)
Stock-based compensation expense	$ 15,611			15,611
Ending balance (in shares) at Jun. 30, 2022	111,090		111,090
Ending balance at Jun. 30, 2022	$ 1,083,168		$ 1,111	1,203,126	769,098		$ (725,685)	(164,482)
Ending balance (shares) at Jun. 30, 2022	21,788						21,788
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ (116,537)				(116,537)
Other comprehensive income (loss)	38,266							38,266
Issuance of common stock pursuant to stock-based compensation plans (in shares)			249
Issuance of common stock pursuant to stock-based compensation plans	2		$ 2	0
Employee shares withheld for taxes (in shares)							76
Employee shares withheld for taxes	(1,415)						$ (1,415)
Stock-based compensation expense	$ 14,423			14,423
Ending balance (in shares) at Jun. 30, 2023	111,339		111,339
Ending balance at Jun. 30, 2023	$ 1,017,907		$ 1,113	$ 1,217,549	$ 652,561		$ (727,100)	$ (126,216)
Ending balance (shares) at Jun. 30, 2023	21,864						21,864

(LOSS) EARNINGS PER SHARE - Narrative (Details) - shares shares in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Restricted Stock and Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	316	137
Stock-Based Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	214	721

SEGMENT INFORMATION - Long-lived Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Long lived assets	$ 392,219	$ 412,096
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long lived assets	162,798	182,038
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Long lived assets	134,908	133,213
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Long lived assets	72,016	70,390
All other
Revenues from External Customers and Long-Lived Assets [Line Items]
Long lived assets	$ 22,497	$ 26,455

DEBT AND BORROWINGS (Tables)

12 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Summary of Debt and Borrowings

Debt and borrowings consisted of the following:


	Fiscal Year Ended June 30,
	2023		2022

Revolving credit facility	$	541,000	$	593,000
Term loans	288,750		296,250
Less: Unamortized issuance costs	(1,307)		(1,105)
Other borrowings(1)	305		498
	828,748		888,643
Short-term borrowings and current portion of long-term debt(2)	7,567		7,705
Long-term debt, less current portion	$	821,181	$	880,938

(1) Includes $305 (2022: $427) of finance lease obligations as discussed in Note 7, Leases.

(2) Includes $83 (2022: $149) of short-term finance lease obligations as discussed in Note 7, Leases.

Summary of Maturities of Debt Instruments

Maturities of all debt instruments at June 30, 2023, are as follows:


Due in Fiscal Year	Amount
2024	$	7,207
2025	7,215
2026	7,192
2027	807,134


Total debt and borrowings	$	828,748

- 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

GOODWILL AND OTHER INTANGIBLE ASSETS - Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Goodwill
Beginning balance, goodwill	$ 933,796	$ 871,067
Acquisition		95,645
Acquisition	(794)
Translation and other adjustments, net	8,692	(32,916)
Divestiture	(3,054)
Ending balance, goodwill	938,640	933,796
Accumulated impairment charge	134,277
Disposed of by Sale \| Westbrae Natural
Goodwill
Divestiture	(3,054)
That's How We Roll
Goodwill
Acquisition	794
North America
Goodwill
Beginning balance, goodwill	695,715	600,812
Acquisition		95,645
Acquisition	(794)
Translation and other adjustments, net	5,186	(742)
Divestiture	(3,054)
Ending balance, goodwill	697,053	695,715
International
Goodwill
Beginning balance, goodwill	238,081	270,255
Acquisition		0
Acquisition	0
Translation and other adjustments, net	3,506	(32,174)
Divestiture	0
Ending balance, goodwill	$ 241,587	$ 238,081

SEGMENT INFORMATION - Net Sales (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	$ 1,796,643	$ 1,891,793	$ 1,970,302
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	1,025,988	1,037,082	954,415
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	477,400	500,949	607,674
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	180,080	227,712	258,501
All other
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	$ 113,175	$ 126,050	$ 149,712

- 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
-Topic 924
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
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-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

INCOME TAXES - Changes in Valuation Allowances (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Valuation Allowance [Roll Forward]
Balance at beginning of year	$ 36,891,000	$ 37,453,000
Balance at end of year	52,551,000	36,891,000	$ 37,453,000
Additions charged to income tax expense
Valuation Allowance [Roll Forward]
Charged to costs and expenses	23,212,000	784,000
Reductions credited to income tax expense
Valuation Allowance [Roll Forward]
Charged to costs and expenses	(8,514,000)	(1,004,000)
THWR purchase accounting
Valuation Allowance [Roll Forward]
Charged to costs and expenses	291,000	1,743,000	$ 0
Currency translation adjustments
Valuation Allowance [Roll Forward]
Charged to costs and expenses	$ 671,000	$ (2,085,000)

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 537,843	$ 530,864
Less: Accumulated depreciation and impairment	241,518	233,459
Property, plant and equipment, net	296,325	297,405
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	11,453	11,216
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	55,354	51,849
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	335,912	296,398
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	54,192	65,680
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	20,722	23,522
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	49,394	54,999
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 10,816	$ 27,200

DERIVATIVES AND HEDGING ACTIVITIES - Derivative Information (Details) € in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($) instrument	Jun. 30, 2023 EUR (€) instrument
Interest rate swap \| Cash Flow Hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of Instruments \| instrument		4	4
Derivative, notional amount		$ 400,000
Interest rate swap \| Cash Flow Hedges \| Forecast
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Other comprehensive income (loss), cash flow hedge, reclassification	$ (8,717)
Interest rate swap \| Fair Value Hedges \| Forecast
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Other comprehensive income (loss), cash flow hedge, reclassification	$ (476)
Cross-currency swap \| Net Investment Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of Instruments \| instrument		4	4
Cross-currency swap \| Fair Value Hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of Instruments \| instrument		1	1
Cross-currency swap \| Short \| Net Investment Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount \| €			€ 100,300
Cross-currency swap \| Short \| Fair Value Hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount \| €			€ 24,700
Cross-currency swap \| Long \| Net Investment Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount		$ 105,804
Cross-currency swap \| Long \| Fair Value Hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount		$ 26,021

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of acquired intangibles	$ 10,016	$ 10,214	$ 8,931

INVENTORIES (Tables)

12 Months Ended

Jun. 30, 2023

Inventory, Net [Abstract]

Components of Inventories

Inventories consisted of the following:


	Fiscal Year Ended June 30,
	2023		2022

Finished goods	$	192,007	$	202,544
Raw materials, work-in-progress and packaging	118,334		105,490
	$	310,341	$	308,034

GOODWILL AND OTHER INTANGIBLE ASSETS - Expected Amortization Expense Over Next Five Fiscal Years (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024	$ 6,401
2025	5,348
2026	4,981
2027	4,871
2028	$ 4,239

LEASES

12 Months Ended

Jun. 30, 2023

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. A limited number of lease agreements include rental payments adjusted periodically for inflation.

Certain 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 fiscal years ended June 30, 2023, 2022 and 2021 were as follows:


	Fiscal Year Ended
	2023		2022		2021
Operating lease expenses (a)	$	18,173	$	15,911	$	16,403
Finance lease expenses (a)	227		251		391
Variable lease expenses	740		1,010		1,423
Short-term lease expenses	2,003		3,394		2,387
Total lease expenses	$	21,143	$	20,566	$	20,604

Supplemental balance sheet information related to leases is as follows:


Leases	Classification	Fiscal Year Ended June 30,
		2023		2022

Assets
Operating lease ROU assets	Operating lease right-of-use assets	$	95,894	$	114,691
Finance lease ROU assets, net	Property, plant and equipment, net	289		413
Total leased assets		$	96,183	$	115,104

Liabilities
Current
Operating	Accrued expenses and other current liabilities	$	10,489	$	13,154
Finance	Current portion of long-term debt	83		149
Non-current
Operating	Operating lease liabilities, noncurrent portion	90,014		107,481
Finance	Long-term debt, less current portion	222		278
Total lease liabilities		$	100,808	$	121,062

Additional information related to leases is as follows:


	Fiscal Year Ended June 30,
	2023			2022			2021
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	16,446		$	15,462		$	16,738
Operating cash flows from finance leases	$	16		$	20		$	17
Financing cash flows from finance leases	$	161		$	226		$	338
ROU assets obtained in exchange for lease obligations:
Operating leases(1)	$	(2,627)		$	39,435		$	25,446
Finance leases	$	118		$	116		$	690


Weighted average remaining lease term:
Operating leases	10.4 years			9.3 years			9.8 years
Finance leases	3.9 years			4.1 years			4.0 years
Weighted average discount rate:
Operating leases	4.8		%	3.9		%	3.3		%
Finance leases	4.7		%	4.1		%	3.9		%

(1) Includes adjustment for modification of an operating lease for the fiscal year ended June 30, 2023, 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 June 30, 2023 were as follows:


Fiscal Year	Operating leases		Finance leases		Total
2024	$	15,087	$	74	$	15,161
2025	12,939		101		13,040
2026	12,221		76		12,297
2027	11,897		59		11,956
2028	11,960		25		11,985
Thereafter	66,118		—		66,118
Total lease payments	130,222		335		130,557
Less: Imputed interest	29,719		30		29,749
Total lease liabilities	$	100,503	$	305	$	100,808

Subsequent to June 30, 2023, the Company entered into an operating lease for its new global headquarters, which has not yet commenced. Obligations under this lease are approximately $12,849, and the lease is expected to commence during the first quarter of fiscal year ending June 30, 2024, with an initial lease term of 10.5 years excluding renewal options.

LEASES

The components of lease expenses for the fiscal years ended June 30, 2023, 2022 and 2021 were as follows:


	Fiscal Year Ended
	2023		2022		2021
Operating lease expenses (a)	$	18,173	$	15,911	$	16,403
Finance lease expenses (a)	227		251		391
Variable lease expenses	740		1,010		1,423
Short-term lease expenses	2,003		3,394		2,387
Total lease expenses	$	21,143	$	20,566	$	20,604

Supplemental balance sheet information related to leases is as follows:


Leases	Classification	Fiscal Year Ended June 30,
		2023		2022

Assets
Operating lease ROU assets	Operating lease right-of-use assets	$	95,894	$	114,691
Finance lease ROU assets, net	Property, plant and equipment, net	289		413
Total leased assets		$	96,183	$	115,104

Liabilities
Current
Operating	Accrued expenses and other current liabilities	$	10,489	$	13,154
Finance	Current portion of long-term debt	83		149
Non-current
Operating	Operating lease liabilities, noncurrent portion	90,014		107,481
Finance	Long-term debt, less current portion	222		278
Total lease liabilities		$	100,808	$	121,062

Additional information related to leases is as follows:


	Fiscal Year Ended June 30,
	2023			2022			2021
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	16,446		$	15,462		$	16,738
Operating cash flows from finance leases	$	16		$	20		$	17
Financing cash flows from finance leases	$	161		$	226		$	338
ROU assets obtained in exchange for lease obligations:
Operating leases(1)	$	(2,627)		$	39,435		$	25,446
Finance leases	$	118		$	116		$	690


Weighted average remaining lease term:
Operating leases	10.4 years			9.3 years			9.8 years
Finance leases	3.9 years			4.1 years			4.0 years
Weighted average discount rate:
Operating leases	4.8		%	3.9		%	3.3		%
Finance leases	4.7		%	4.1		%	3.9		%

Maturities of lease liabilities as of June 30, 2023 were as follows:


Fiscal Year	Operating leases		Finance leases		Total
2024	$	15,087	$	74	$	15,161
2025	12,939		101		13,040
2026	12,221		76		12,297
2027	11,897		59		11,956
2028	11,960		25		11,985
Thereafter	66,118		—		66,118
Total lease payments	130,222		335		130,557
Less: Imputed interest	29,719		30		29,749
Total lease liabilities	$	100,503	$	305	$	100,808

ACQUISITION AND DISPOSITION - Pro Forma Information (Details) - That's How We Roll - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Net sales	$ 1,954,564	$ 2,065,957
Net income from operations	$ 84,913	$ 68,142
Diluted net (loss) income per common share from operations	$ 0.91	$ 0.67
Acquisition related costs	$ 5,103
Inventory fair value adjustment	$ 1,800

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS

12 Months Ended

Jun. 30, 2023

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.

There were 1,242, 873 and 237 shares underlying restricted stock awards (“RSAs”) or restricted share units (“RSUs”) granted under the Stock Award Plans during fiscal years 2023, 2022 and 2021, respectively, of which 1,242, 249 and 51, respectively, were granted under the LTIP and are subject to the achievement of minimum performance goals or market conditions, with the remaining being service-based awards. For performance awards and market awards, the foregoing share figures are stated at target levels, and the awards outstanding at June 30, 2023 generally provide for vesting at 0% to 200% of the target level. There were no options granted under the Stock Award Plans during fiscal years 2023, 2022 and 2021. At June 30, 2023, there were 9,316 shares available for grant under the 2022 Plan.

Restricted Stock

Awards of restricted stock are either RSAs or RSUs that are issued at no cost to the recipient. RSA holders have all rights of a stockholder at the grant date, subject to certain restrictions on transferability and a risk of forfeiture. There were no RSAs outstanding at June 30, 2023. Shares underlying RSUs are not issued until vesting. Both award types are subject to continued employment and vesting conditions in accordance with provisions set forth in the applicable award agreements. The Company also grants market-based RSUs that vest contingent on meeting specific Total Shareholder Return (“TSR”) targets over a specified time period, and performance-based RSUs that vest contingent on meeting specific financial results within a specified time period. 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 last three fiscal years ended June 30 is as follows:


	2023		2022		2021
	Number of Shares and Units	Weighted Average Grant Date Fair Value (per share)	Number of Shares and Units	Weighted Average Grant Date Fair Value (per share)	Number of Shares and Units	Weighted Average Grant Date Fair Value (per share)

Non-vested - RSAs, RSUs and PSUs	790	$42.44	1,780	$16.55	2,050	$15.85
Granted	1,242	$20.34	873	$43.55	237	$36.13
Vested	(250)	$36.23	(1,583)	$15.61	(375)	$25.21
Forfeited	(494)	$31.92	(280)	$32.98	(132)	$17.18
Non-vested - RSAs, RSUs and PSUs	1,288	$26.37	790	$42.44	1,780	$16.55

At June 30, 2023, the table above includes a total of 396 shares that represent the target number of shares that may be earned based on pre-defined market conditions that are eligible to vest ranging from 0% to 200% of target. All such shares relate to the 2022-2024 and 2023-2025 LTIP as further described below. Granted shares also include 10 shares that may be earned based on certain performance-based metrics being met, all of which remained outstanding at June 30, 2023. Vested shares during the year ended June 30, 2023 include a total of 245 shares under the 2022-2024 LTIP that vested at 100% of target, and a total of 5 shares granted in a previous period that vested based on certain performance-based metrics being met. Vested shares during the year ended June 30, 2022 include a total of 1,299 shares under the 2019-2021 LTIP that vested at 100% of target based on achievement of target absolute TSR levels, and a total of 13 shares granted in a previous period that vested based on certain

performance-based metrics being met. Vested shares during the year ended June 30, 2021 include a total of 20 shares under the 2018-2020 LTIP that vested at 150% of target based on achievement of the maximum relative TSR target.

The fair value of RSAs, RSUs and PSUs granted and of shares vested, and the tax benefit recognized from restricted shares vesting, for the last three fiscal years ended June 30 was as follows:


	Fiscal Year Ended June 30,
	2023		2022		2021
Fair value of restricted stock granted	$	25,258	$	38,005	$	8,551
Fair value of restricted stock vested	$	4,684	$	71,376	$	15,847
Tax benefit recognized from restricted stock vesting	$	631	$	3,658	$	1,597

At June 30, 2023, $18,283 of unrecognized stock-based compensation expense related to non-vested restricted stock was expected to be recognized over a weighted average period of approximately 1.6 years.

Long-Term Incentive Program

The participants of the LTIP include certain of the Company’s executive officers and other key executives. The LTI Program is administered by the Compensation Committee, which is responsible for, among other items, selecting the specific performance measures for awards, setting the target performance required to receive an award after the completion of the performance period, and determining the specific payout to the participants.

2023-2025 LTIP

During the fiscal year ended June 30, 2023, the Company granted market-based PSU awards under the LTI Program with a total target payout of 429 shares of common stock. At June 30, 2023, 329 of such shares were outstanding. Such PSU awards 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 “2023 TSR Performance Period”). Vesting of 220 target shares of the outstanding PSU awards is pursuant to a defined calculation of relative TSR over the 2023 TSR Performance Period (the “2023 Relative TSR PSUs”). Vesting of 109 target shares of the outstanding PSU awards is pursuant to the achievement of pre-established three-year compound annual TSR targets over the 2023 TSR Performance Period (the “2023 Absolute TSR PSUs”). Total shares eligible to vest for both the 2023 Relative TSR PSUs and 2023 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:


	2023
	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

2022-2024 LTIP

During the fiscal year ended June 30, 2022, the Company granted market-based PSU awards under the LTIP with a total target payout of 193 shares of common stock. At June 30, 2023, 67 of such shares were outstanding. Vesting is pursuant to a defined calculation of either relative TSR or absolute TSR (as defined in the award agreement) over the period from November 18, 2021 through the earlier of (i) November 17, 2024; (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 in the award agreement) (the “2022 TSR Performance Period”). Vesting of 45 target shares of the outstanding PSU awards is pursuant to a defined calculation of relative TSR over the 2022 TSR Performance Period (the “2022 Relative TSR PSUs”). Vesting of 22 target shares of the outstanding PSU awards is pursuant to the achievement of pre-established three-year compound annual TSR targets over the 2022 TSR Performance Period (the “2022 Absolute TSR PSUs”). Total shares eligible to vest for both the 2022 Relative TSR PSUs and 2022 Absolute TSR PSUs range from 0% to 200% of the target amount. Grant date fair values are calculated using a Monte

Carlo simulation model with weighted average grant date fair values per target share and related valuation assumptions as follows:


	2022
	Absolute TSR PSUs		Relative TSR PSUs
Grant date fair value (per target share)	$39.00		$60.09
Risk-free interest rate	0.89	%	0.89	%
Expected dividend yield	—		—
Expected volatility	36.93	%	24.46	%
Expected term	2.99 years		2.99 years

2019-2021 LTIP

Vesting is pursuant to the achievement of pre-established three-year compound annual TSR targets over the period from November 6, 2018 to November 6, 2021 with total shares eligible to vest ranging from 0% to 300% of the target award amount. Certain shares are subject to a holding period of one year after the vesting date, resulting in an illiquidity discount being applied to the grant date fair value for such shares. There were 51 and 554 PSUs granted during fiscal years 2021 and 2020, respectively. No such awards under the 2019-2021 LTIP were granted after fiscal year 2021. Grant date fair values are calculated using a Monte Carlo simulation model. The weighted average grant date fair values per target share and related valuation assumptions were as follows:


	Fiscal Year ended June 30,
	2021	2020
Grant date fair value (per target share)	$32.13	$10.92
Risk-free interest rate	0.13%	1.54%
Expected dividend yield	—	—
Expected volatility	40.37%	36.28%
Expected term	1.17 years	1.85 years

In the second quarter of fiscal 2022, the Compensation Committee determined that all outstanding awards under the 2019-2021 LTIP vested at 100% as a result of the TSR targets having been met.

Former CEO Inducement Grant

On November 6, 2018, the Company’s former CEO, Mark L. Schiller received a market-based PSU award with a target payout of 350 shares of common stock and a maximum payout of 1,050 shares of common stock (the “CEO Inducement Grant”). Vesting was pursuant to the achievement of pre-established three-year compound annual TSR levels over the period from November 6, 2018 to November 6, 2021. These PSUs were subject to a holding period of one year after the vesting date. As such, an illiquidity discount was applied to the grant date fair value. The grant date fair value per target share and related valuation assumptions used in the Monte Carlo simulation to value this award were as follows:


Grant date fair value (per target share)	$21.63
Risk-free interest rate	2.99	%
Expected dividend yield	—
Expected volatility	35.17	%
Expected term	3.00 years

The total grant date fair value of the award was $7,571. This PSU award was granted outside of the Stock Award Plans. In the second quarter of fiscal 2022, the Compensation Committee determined that the CEO Inducement Grant vested at 100% as a result of the TSR targets having been met.

CEO Succession

On November 22, 2022, the Board approved a succession plan pursuant to which 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. Grant date fair values were 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)	$	13.84		$	19.54
Risk-free interest rate	4.28		%	4.28		%
Expected dividend yield	—			—
Expected volatility	40.70		%	28.20		%
Expected term	3.00 years			3.00 years

As part of the succession plan, 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 twelve months ended June 30, 2023, and unpaid amounts are accrued at June 30, 2023.

Other Grants

Additionally, from time to time, the Company grants other awards that can be RSUs or PSUs to certain employees. RSUs generally vest over periods of one to three years based upon continued employment. PSUs generally vest over periods of one to three years based upon continued employment and the achievement of certain performance-based metrics being met. As of June 30, 2023, there were 10 of such PSUs outstanding.

Summary of Stock-Based Compensation

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


	Fiscal Year Ended June 30,
	2023		2022		2021
Selling, general and administrative expense	$	14,423	$	15,611	$	15,659


Related income tax benefit	$	1,734	$	1,574	$	1,296

Stock Options

The Company did not grant any stock options in fiscal years 2023, 2022 or 2021, and there were no stock options exercised during these periods. There were 122 options outstanding at each of June 30, 2023, 2022 and 2021, relating to a grant under a prior plan. Although no further awards can be granted under the prior plan, the options outstanding continue in accordance with the terms of the plan and grant. For options outstanding and exercisable at June 30, 2023, the aggregate intrinsic value (the difference between the closing stock price on the last day of trading in the year and the exercise price) was $1,250, and the weighted average remaining contractual life was 8.0 years. The weighted average exercise price of these options was $2.26. At June 30, 2023, there was no unrecognized compensation expense related to stock option awards.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES

12 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES

Cash and Cash Equivalents

The Company considers cash and cash equivalents to include cash in banks, commercial paper and deposits with financial institutions that can be liquidated without prior notice or penalty. The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.

In addition, cash and cash equivalents are maintained with several financial institutions. Deposits held with banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand.

Revenue Recognition

The Company sells its products through specialty and natural food distributors, supermarkets, natural foods stores, mass-market and e-commerce retailers, food service channels and club, drug and convenience stores worldwide. The majority of the Company’s revenue contracts represent a single performance obligation related to the fulfillment of customer orders for the purchase of products. The Company recognizes revenue as performance obligations are fulfilled when control passes to customers. Customer contracts typically contain standard terms and conditions. In instances where formal written contracts are not in place, the Company considers the customer purchase orders to be contracts based on the criteria outlined in Accounting Standard Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”). Payment terms and conditions vary by customer and are based on the billing schedule established in contracts or purchase orders with customers, but the Company generally provides credit terms to customers ranging from 10-91 days. Therefore, the Company has concluded that contracts do not include a significant financing component.

Sales include shipping and handling charges billed to the customer and are reported net of discounts, trade promotions and sales incentives, consumer coupon programs and other costs, including estimated allowances for returns, allowances and discounts associated with aged or potentially unsalable product, and prompt pay discounts. Shipping and handling costs are accounted for as a fulfillment activity of promise to transfer products to customers and are included in the cost of sales line item on the Consolidated Statements of Operations.

Variable Consideration

In addition to fixed contract consideration, many of the Company’s contracts include some form of variable consideration. The Company offers various trade promotions and sales incentive programs to customers and consumers, such as price discounts, slotting fees, in-store display incentives, cooperative advertising programs, new product introduction fees and coupons. The expenses associated with these programs are accounted for as reductions to the transaction price of the products and are therefore deducted from sales to determine reported net sales. Trade promotions and sales incentive accruals are subject to significant management estimates and assumptions. The critical assumptions used in estimating the accruals for trade promotions and sales incentives include the Company’s estimate of expected levels of performance and redemption rates. The Company exercises judgment in developing these assumptions. These assumptions are based upon historical performance of the retailer or distributor customers with similar types of promotions adjusted for current trends. The Company regularly reviews and revises, when deemed necessary, estimates of costs to the Company for these promotions and incentives based on what has been incurred by the customers. The terms of most of the promotion and incentive arrangements do not exceed a year and therefore do not require highly uncertain long-term estimates. Settlement of these liabilities typically occurs in subsequent periods primarily through an authorization process for deductions taken by a customer from amounts otherwise due to the Company. Differences between estimated expense and actual promotion and incentive costs are recognized in earnings in the period such differences are determined. Actual expenses may differ if the level of redemption rates and performance were to vary from estimates.

Costs to Obtain or Fulfill a Contract

As the Company’s contracts are generally shorter than one year, the Company has elected a practical expedient under ASC 606 that allows the Company to expense as incurred the incremental costs of obtaining a contract if the contract period is for one year or less. These costs are included in selling, general and administrative expenses on the Consolidated Statements of Operations.

Valuation of Accounts and Chargebacks Receivable and Concentration of Credit Risk

The Company routinely performs credit evaluations on existing and new customers and maintains an allowance for expected uncollectible accounts receivable which is recorded as an offset to trade accounts receivable on the Consolidated Balance Sheets. Collectability of accounts receivable is assessed by applying a historical loss-rate methodology in accordance with ASC Topic 326, Financial Instruments - Credit Losses, adjusted as necessary based on the Company's review of accounts receivable on an individual basis, specifically identifying customers with known disputes or collectability issues, and experience with trade receivable aging categories. The Company also considers market conditions and current and expected future economic conditions to inform adjustments to historical loss data. Changes to the allowance, if any, are classified as bad debt provisions within selling, general and administrative expenses on the Consolidated Statements of Operations. Credit losses have been within the Company’s expectations in recent years. While one of the Company’s customers represented approximately 18% and 15% of trade receivables balances as of June 30, 2023 and 2022, respectively, the Company believes that there is no significant or unusual credit exposure at this time.

Based on cash collection history and other statistical analysis, the Company estimates the amount of unauthorized deductions customers have taken that the Company expects will be collected and repaid in the near future and records a chargeback receivable which is a component of trade receivables. Differences between estimated collectible receivables and actual collections are recognized in earnings in the period such differences are determined.

Sales to one customer and its affiliates approximated 16%, 15% and 11% of sales during the fiscal years ended June 30, 2023, 2022 and 2021, respectively.

Inventory

Inventory is valued at the lower of cost or net realizable value, utilizing the first-in, first-out method. The Company provides write-downs for finished goods expected to become unsaleable due to age and specifically identifies and provides for slow moving or obsolete raw ingredients and packaging.

Property, Plant and Equipment

Property, plant and equipment is carried at cost and depreciated or amortized on a straight-line basis over the estimated useful lives or lease term (for leasehold improvements), whichever is shorter. The Company believes the useful lives assigned to the Company’s property, plant and equipment are within ranges generally used in consumer products manufacturing and distribution businesses. The Company’s manufacturing plants and distribution centers, and their related assets, are reviewed when impairment indicators are present by analyzing underlying cash flow projections. The Company believes no impairment of the carrying value of such assets exists other than as disclosed under Note 6, Property, Plant and Equipment, Net. Ordinary repairs and maintenance costs are expensed as incurred. The Company utilizes the following ranges of asset lives:


Buildings and improvements						10 - 40 years
Machinery and equipment						3 - 20 years
Furniture and fixtures						3 - 15 years

Leasehold improvements are amortized over the shorter of the respective initial lease term or the estimated useful life of the assets, and generally range from 3 to 20 years.

Software that is developed for internal use is recorded as a component of property, plant and equipment. Qualifying costs incurred to develop internal-use software are capitalized when (i) the preliminary project stage is completed, (ii) management has authorized further funding for the completion of the project and (iii) it is probable that the project will be completed and perform as intended. These capitalized costs include compensation for employees who develop internal-use software and external costs related to development of internal-use software. Capitalization of these costs ceases once the project is substantially complete and the software is ready for its intended purpose. Once placed into service, internally developed software is amortized on a straight-line basis over its estimated useful life which generally ranges from 3 to 10 years. All other expenditures, including those incurred in order to maintain the asset’s current level of performance, are expensed as incurred. The net book value of internally developed software as of June 30, 2023 and 2022 was $13,576 and $19,874, respectively and is included as a component of Computer Hardware and Software in Note 6, Property, Plant and Equipment, Net.

Goodwill and Other Indefinite-Lived Intangible Assets

Goodwill and other intangible assets with indefinite useful lives are not amortized but rather are tested at least annually for impairment, or when circumstances indicate that the carrying amount of the asset may not be recoverable. The Company performs its annual test for impairment at the beginning of the fourth quarter of its fiscal year.

Goodwill is tested for impairment at the reporting unit level. A reporting unit is an operating segment or a component of an operating segment. Goodwill is tested for impairment by either performing a qualitative evaluation or a quantitative test. The qualitative evaluation is an assessment of factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. The Company may elect not to perform the qualitative assessment for some or all reporting units and perform a quantitative impairment test. The impairment test for goodwill requires the Company to compare the fair value of a reporting unit to its carrying value, including goodwill. The Company uses a blended analysis of a discounted cash flow model and a market valuation approach to determine the fair values of its reporting units. If the carrying value of a reporting unit exceeds its fair value, the Company would then compare the carrying value of the goodwill to its implied fair value in order to determine the amount of the impairment, if any.

Indefinite-lived intangible assets, which are not amortized, consist primarily of acquired trademarks and tradenames. Indefinite-lived intangible assets are evaluated on an annual basis in conjunction with the Company’s evaluation of goodwill, or on an interim basis if and when events or circumstances change that would more likely than not reduce the fair value of any of its indefinite-lived intangible assets below their carrying value. In assessing fair value, the Company utilizes a “relief from royalty” methodology. This approach involves two steps: (i) estimating the royalty rates for each trademark and (ii) applying these royalty rates to a projected net sales stream and discounting the resulting cash flows to determine fair value. If the carrying value of the indefinite-lived intangible assets exceeds the fair value of the assets, the carrying value is written down to fair value in the period identified. This method includes significant management assumptions such as revenue growth rates, weighted average cost of capital and assumed royalty rates. See Note 8, Goodwill and Other Intangible Assets and Note 15, Fair Value Measurements, for additional information on goodwill and intangibles impairment charges.

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 $380,683 during the year ended June 30, 2023, $170,737 during the year ended June 30, 2022 and $96,788 during the year ended June 30, 2021. 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 provided by operating activities on the Consolidated Statements of Cash Flows.

Cost of Sales

Included in cost of sales are the cost of products sold, including the costs of raw materials and labor and overhead required to produce the products, warehousing, distribution, supply chain costs, as well as costs associated with shipping and handling of inventory.

Foreign Currency Translation and Remeasurement

The assets and liabilities of international operations are translated at the exchange rates in effect at the balance sheet date. Revenue and expense accounts are translated at the monthly average exchange rates. Adjustments arising from the translation of the foreign currency financial statements of the Company’s international operations are reported as a component of accumulated other comprehensive loss on the Consolidated Balance Sheets. Gains and losses arising from intercompany foreign currency transactions that are of a long-term nature are reported in the same manner as translation adjustments.

Gains and losses arising from intercompany foreign currency transactions that are not of a long-term nature and certain transactions of the Company’s subsidiaries which are denominated in currencies other than the subsidiaries’ functional currency are recognized as incurred in other (income) expense, net on the Consolidated Statements of Operations.

Selling, General and Administrative Expenses

Included in selling, general and administrative expenses are advertising costs, promotion costs not paid directly to the Company’s customers, salary and related benefit costs of the Company’s employees in the finance, human resources, information technology, legal, sales and marketing functions, facility related costs of the Company’s administrative functions, research and development costs, and costs paid to consultants and third party providers for related services.

Research and Development Costs

Research and development costs are expensed as incurred and are included in selling, general and administrative expenses on the Consolidated Statements of Operations. Research and development costs amounted to $6,379 in fiscal 2023, $9,416 in fiscal 2022 and $10,372 in fiscal 2021, consisting primarily of personnel related costs. The Company’s research and development expenditures do not include the expenditures on such activities undertaken by co-packers and suppliers who develop numerous products on behalf of the Company and on their own initiative with the expectation that the Company will accept their new product ideas and market them under the Company’s brands.

Advertising Costs

Advertising costs, which are included in selling, general and administrative expenses, amounted to $38,838 in fiscal 2023, $41,032 in fiscal 2022 and $40,050 in fiscal 2021. Such costs are expensed as incurred. In fiscal 2023, the Company expanded the categories of expenses included in the disclosure related to advertising costs. In addition to the amounts reported in prior years, categories now include retailer specific advertising expenses, in store display expenses and certain digital media expenses.

Proceeds from Insurance Claims

In fiscal 2023, 2022, and 2021, the Company received $8,594, $196 and $592 of proceeds from insurance claims, respectively and are included in selling, general and administrative expenses on the Consolidated Statements of Operations.

Income Taxes

The Company follows the liability method of accounting for income taxes. Under the liability method, deferred taxes are determined based on the differences between the financial statement and tax bases of assets and liabilities at enacted rates in effect in the years in which the differences are expected to reverse. The Company also assesses the likelihood of future realization of deferred tax assets, including recent earnings results within taxing jurisdictions, expectations of future taxable income, the carryforward periods available and other relevant factors. Valuation allowances are provided for deferred tax assets to the extent it is more likely than not that the deferred tax assets will not be recoverable against future taxable income.

The Company recognizes liabilities for uncertain tax positions based on a two-step process prescribed by the authoritative guidance. The first step requires the Company to determine if the weight of available evidence indicates that the tax position has met the threshold for recognition; therefore, the Company must evaluate whether it is more likely than not that the position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step requires the Company to measure the tax benefit of the tax position taken, or expected to be taken, in an income tax return as the largest amount that is more than 50% likely of being realized upon ultimate settlement. The Company reevaluates the uncertain tax positions each period based on factors including, but not limited to, changes in facts or circumstances, changes in tax law, effectively settled issues under audit, and new audit activity. Depending on the jurisdiction, such a change in recognition or measurement may result in the recognition of a tax benefit or an additional charge to the tax provision in the period. The Company records interest and penalties in the provision for income taxes.

Fair Value of Financial Instruments

The fair value of financial instruments is the amount at which the instrument could be exchanged in a current transaction between willing parties. At June 30, 2023 and 2022, the carrying values of financial instruments such as accounts receivable, accounts payable, accrued expenses and other current liabilities, as well as borrowings under the Company’s credit facility and other borrowings, approximated fair value based upon either the short-term maturities or market interest rates of these instruments.

Derivative Instruments and Hedging Activities

ASC 815, Derivatives and Hedging (“ASC 815”), provides the disclosure requirements for derivatives and hedging activities with the intent to provide users of financial statements with an enhanced understanding of: (a) how and why an entity uses derivative instruments, (b) how the entity accounts for derivative instruments and related hedged items and (c) how derivative instruments and related hedged items affect an entity’s financial position, financial performance and cash flows. Further, qualitative disclosures are required that explain the Company’s objectives and strategies for using derivatives, as well as quantitative disclosures about the fair value of and gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative instruments.

The Company records all derivatives on the Consolidated Balance Sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The effective portion of changes in the fair value of derivative instruments that qualify for cash flow hedge and net investment hedge accounting treatment are recognized in stockholders’ equity as a component of accumulated other comprehensive loss until the hedged item is recognized in earnings. Changes in the fair value of fair value hedges, derivatives that do not qualify for hedge accounting treatment, as well as the ineffective portion of any cash flow hedges, are recognized currently in earnings as a component of other (income) expense, net or interest and other financing expense, net on the Consolidated Statements of Operations. The Company may enter into derivative contracts that are intended to economically hedge certain of its risks, even though hedge accounting does not apply, or the Company elects not to apply hedge accounting.

Stock-Based Compensation

The Company uses the fair market value of the Company’s common stock on the grant date to measure fair value for service-based and performance-based awards and a Monte Carlo simulation model to determine the fair value of market-based awards. The fair value of stock-based compensation awards is recognized as an expense over the vesting period using the straight-line method. For awards that contain a market condition, expense is recognized over the defined or derived service period using a Monte Carlo simulation model. Compensation expense is recognized for these awards on a straight-line basis over the service period, regardless of the eventual number of shares that are earned based upon the market condition, provided that each grantee remains an employee at the end of the performance period. Compensation expense on awards that contain a market condition is reversed if at any time during the service period a grantee is no longer an employee.

For restricted stock awards which include performance criteria, compensation expense is recorded when the achievement of the performance criteria is probable and is recognized over the performance and vesting service periods. Compensation expense is recognized for only that portion of stock-based awards that are expected to vest.

The Company recognizes forfeitures as they occur at which time compensation cost previously recognized for an award that is forfeited because of failure to satisfy a condition is reversed in the period of the forfeiture.

The Company receives an income tax deduction in certain tax jurisdictions for restricted stock grants when they vest and for stock options exercised by employees equal to the excess of the market value of the Company’s common stock on the date of exercise over the option price. Excess tax benefits (tax benefits resulting from tax deductions in excess of compensation cost recognized) are classified as a cash flow provided by operating activities on the Consolidated Statements of Cash Flows.

Valuation of Long-Lived Assets

The Company periodically evaluates the carrying value of long-lived assets, other than goodwill and intangible assets with indefinite lives, held and used in the business when events and circumstances occur indicating that the carrying amount of the asset or its asset group may not be recoverable. An impairment test is performed when the estimated undiscounted cash flows associated with the asset or asset group is less than its carrying value. Once such impairment test is performed, a loss is

recognized based on the amount, if any, by which the carrying value exceeds the estimated fair value for assets to be held and used.

See Note 6, Property, Plant and Equipment, Net, Note 8, Goodwill and Other Intangible Assets, and Note 15, Fair Value Measurements, for additional information on long-lived asset impairment charges.

Leases

Arrangements containing leases are evaluated as an operating or finance lease at lease inception. For operating leases, the Company recognizes an operating lease right-of-use (“ROU”) asset and operating lease liability at lease commencement based on the present value of lease payments over the lease term.

With the exception of certain finance leases, an implicit rate of return is not readily determinable for the Company's leases. For these leases, an incremental borrowing rate is used in determining the present value of lease payments and is calculated based on information available at the lease commencement date. The incremental borrowing rate is determined using a portfolio approach based on the rate of interest the Company would have to pay to borrow funds on a collateralized basis over a similar term. The Company references market yield curves which are risk-adjusted to approximate a collateralized rate in the currency of the lease. These rates are updated on a quarterly basis for measurement of new lease obligations.

The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the option will be exercised. Leases with an initial term of 12 months or less are not recognized on the Consolidated Balance Sheets. The Company has elected to separate lease and non-lease components.

Net (Loss) Income Per Share

Basic net (loss) income per share is computed by dividing net (loss) income by the weighted average number of common shares outstanding for the period. Diluted net (loss) income per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock.

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 was adopted 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 certain 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.

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Details)	12 Months Ended
	Jun. 30, 2023 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	2

LEASES - Other Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 16,446	$ 15,462	$ 16,738
Operating cash flows from finance leases	16	20	17
Financing cash flows from finance leases	161	226	338
ROU assets obtained in exchange for lease obligations:
Operating leases	(2,627)	39,435	25,446
Finance leases	$ 118	$ 116	$ 690
Weighted average remaining lease term:
Operating leases (in years)	10 years 4 months 24 days	9 years 3 months 18 days	9 years 9 months 18 days
Finance leases (in years)	3 years 10 months 24 days	4 years 1 month 6 days	4 years
Weighted average discount rate:
Operating leases (percentage)	4.80%	3.90%	3.30%
Finance leases (percentage)	4.70%	4.10%	3.90%
Operating lease right of use asset decrease from modification	$ 13,876
Operating lease, liability, decrease from modification	17,244
Gain (loss) modification of operating lease	$ 3,368

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS (Non-Vested Restricted Stock And Restricted Share Unit Awards) (Details) - Restricted Stock - $ / shares shares in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Number of Shares and Units
Non-vested restricted stock, restricted share units, and performance units, beginning balance (shares)	790	1,780	2,050
Granted (shares)	1,242	873	237
Vested (shares)	(250)	(1,583)	(375)
Forfeited (shares)	(494)	(280)	(132)
Non-vested restricted stock, restricted share units, and performance units, ending balance (shares)	1,288	790	1,780
Weighted Average Grant Date Fair Value (per share)
Non-vested restricted stock, restricted share units, and performance units beginning balance (USD per share)	$ 42.44	$ 16.55	$ 15.85
Granted (USD per share)	20.34	43.55	36.13
Vested (USD per share)	36.23	15.61	25.21
Forfeited (USD per share)	31.92	32.98	17.18
Non-vested restricted stock, restricted share units, and performance units ending balance (USD per share)	$ 26.37	$ 42.44	$ 16.55

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents by level within the fair value hierarchy, assets and liabilities measured at fair value on a recurring basis as of June 30, 2023:


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

Derivative financial instruments	$	16,988	$	—	$	16,988	$	—


Liabilities:
Derivative financial instruments	$	3,160	$	—	$	3,160	$	—

The following table presents by level within the fair value hierarchy, 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	$	—

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	12 Months Ended
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of 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 Boulder, Colorado. 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 worldwide. The Company operates under two reportable segments: North America and International. Basis of Presentation The Company’s 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 exercises significant influence, but which it does not control, are accounted for under the equity method of accounting. As such, consolidated net (loss) income includes the Company’s equity in the current earnings or losses of such companies. Unless otherwise indicated, references in these consolidated financial statements to 2023, 2022 and 2021 or “fiscal” 2023, 2022 and 2021 or other years refer to the fiscal year ended June 30 of that respective year and references to 2024 or “fiscal” 2024 refer to the fiscal year ending June 30, 2024. Reclassifications Certain prior year amounts have been reclassified to conform with current year presentation. 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 Dispositions, for details. Discontinued Operations The financial statements separately report discontinued operations and the results of continuing operations (see Note 4, Acquisition and Dispositions). All footnotes exclude discontinued operations unless otherwise noted. Use of Estimates The financial statements are prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). The accounting principles used required the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and amounts of income and expenses during the reporting periods presented. Actual results could differ from those estimates. These estimates include, among others, variable consideration related to revenue recognition for trade promotions and sales incentives, valuation of accounts and chargeback receivables, valuation of long-lived assets, goodwill and intangible assets (acquired in business combinations and analysis of impairment), stock-based compensation for market awards, and valuation allowances for deferred tax assets.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES - PPE Useful Life (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Net book value of internally developed software	$ 13,576	$ 19,874
Minimum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, useful life (in years)	10 years
Minimum \| Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, useful life (in years)	3 years
Minimum \| Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, useful life (in years)	3 years
Minimum \| Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, useful life (in years)	3 years
Minimum \| Software and Software Development Costs
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, useful life (in years)	3 years
Maximum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, useful life (in years)	40 years
Maximum \| Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, useful life (in years)	20 years
Maximum \| Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, useful life (in years)	15 years
Maximum \| Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, useful life (in years)	20 years
Maximum \| Software and Software Development Costs
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, useful life (in years)	10 years

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Jun. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONSOn November 9, 2021, the Company entered into a share repurchase agreement with the Selling Stockholders, which are affiliates of Engaged Capital, LLC, pursuant to which the Company agreed to repurchase, directly from the Selling Stockholders, 1,700 shares of the Company’s common stock for $45.00 per share (the “Share Repurchase”), which equaled the price at which the Underwriter (as defined below) purchased shares from the Selling Stockholders, net of underwriting commissions and discounts, in an underwritten public offering that launched on November 10, 2021, whereby the Selling Stockholders sold certain other shares of common stock (the “Offering”). The last reported sale price of the Company’s common stock on the NASDAQ Global Select Market on November 9, 2021 was $47.95 per share. In connection with the Offering, on November 10, 2021, the Company entered into an underwriting agreement with Morgan Stanley & Co. LLC, as underwriter (the “Underwriter”), and the Selling Stockholders. The Share Repurchase and the Offering were completed on November 15, 2021. The aggregate price paid by the Company for the Share Repurchase was $76,500, which the Company funded with borrowings under the Credit Agreement. The Company did not receive any proceeds from the Offering. The Founder and Chief Investment Officer of Engaged Capital, LLC is a member of the Company's Board of Directors.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

RELATED PARTY TRANSACTIONS (Details) - USD ($)		12 Months Ended
RELATED PARTY TRANSACTIONS (Details) - USD ($)	Nov. 09, 2021	Jun. 30, 2023	Jun. 30, 2022
Related Party Transaction [Line Items]
Number of shares repurchased (in shares)		0	10,626,000
Average cost (USD per share)			$ 38.48
Shares repurchased			$ 408,886,000
SunOpta
Related Party Transaction [Line Items]
Number of shares repurchased (in shares)	1,700
Average cost (USD per share)	$ 45.00
Sale price of common stock (USD per share)	$ 47.95
Shares repurchased	$ 76,500

PROPERTY, PLANT AND EQUIPMENT, NET - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Depreciation	$ 35,893	$ 31,235	$ 34,291
Gain on disposition	$ 3,529	8,588	$ 4,900
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration]	Intangibles and long-lived asset impairment
United States
Property, Plant and Equipment [Line Items]
Intangibles and long-lived asset impairment	$ 584
Proceeds from sale of land		10,005
United States \| Held for Sale
Property, Plant and Equipment [Line Items]
Net carrying value	$ 1,250	1,840
Land \| United States
Property, Plant and Equipment [Line Items]
Gain on disposition		8,656
Manufacturing facility \| United Kingdom
Property, Plant and Equipment [Line Items]
Impairment charge		$ 303

DERIVATIVES AND HEDGING ACTIVITIES - Balance Sheet Related to Cumulative Basis Adjustment for Fair Value Hedges (Details) - Intercompany loan receivable - Fair Value Hedges - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Derivatives, Fair Value [Line Items]
Carrying Amount of the Hedged Asset	$ 26,945	$ 25,899
Cumulative Amount of Fair Value Hedge Adjustment Included in the Carrying Amount of the Hedged Asset	$ 924	$ 122

DERIVATIVES AND HEDGING ACTIVITIES - Balance Sheet Location (Details) - Designated as Hedging Instrument - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	$ 16,988	$ 7,476
Derivative liability, fair value	3,160	3,184
Interest rate swap \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	8,649	4,230
Interest rate swap \| Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	5,974	0
Interest rate swap \| Accrued expenses and other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	0	0
Interest rate swap \| Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	0	3,184
Cross-currency swap \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	2,365	2,400
Cross-currency swap \| Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	0	846
Cross-currency swap \| Accrued expenses and other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	0	0
Cross-currency swap \| Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	$ 3,160	$ 0

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS (Weighted Average Assumptions CEO Inducement Grant and CEO Succession) (Details) - $ / shares		12 Months Ended
	Nov. 06, 2018	Jun. 30, 2023	Jun. 30, 2022
Absolute TSR Performance Shares \| 2022-2024 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate			0.89%
Expected dividend yield			0.00%
Expected volatility			36.93%
Expected term			2 years 11 months 26 days
Grant date fair value (per target share)			$ 39.00
Absolute TSR Performance Shares \| 2023-2025 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate		3.54%
Expected dividend yield		0.00%
Expected volatility		40.30%
Expected term		3 years
Grant date fair value (per target share)		$ 20.18
Relative TSR Performance Shares \| 2022-2024 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate			0.89%
Expected dividend yield			0.00%
Expected volatility			24.46%
Expected term			2 years 11 months 26 days
Grant date fair value (per target share)			$ 60.09
Relative TSR Performance Shares \| 2023-2025 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate		3.54%
Expected dividend yield		0.00%
Expected volatility		26.60%
Expected term		3 years
Grant date fair value (per target share)		$ 27.47
Former CEO \| PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value (USD per share)	$ 21.63
Risk-free interest rate	2.99%
Expected dividend yield	0.00%
Expected volatility	35.17%
Expected term	3 years
President And Chief Executive Officer \| Absolute TSR Performance Shares \| 2023-2025 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate		4.28%
Expected dividend yield		0.00%
Expected volatility		40.70%
Expected term		3 years
Grant date fair value (per target share)		$ 13.84
President And Chief Executive Officer \| Relative TSR Performance Shares \| 2023-2025 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate		4.28%
Expected dividend yield		0.00%
Expected volatility		28.20%
Expected term		3 years
Grant date fair value (per target share)		$ 19.54

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Statement of Stockholders' Equity [Abstract]
Common stock, par value (USD per share)	$ 0.01	$ 0.01	$ 0.01	$ 0.01

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (116,537)	$ 77,873	$ 77,364
Pretax amount
Foreign currency translation adjustments before reclassifications	30,197	(102,113)	85,581
Reclassification of currency translation adjustment included in net income	0	0	16,073
Change in deferred gains on cash flow hedging instruments	13,850	946	608
Change in deferred gains on fair value hedging instruments	247	633	0
Change in deferred (losses) gains on net investment hedging instruments	(3,242)	11,827	(4,751)
Total other comprehensive income (loss)	41,052	(88,707)	97,511
Tax (expense) benefit
Foreign currency translation adjustments before reclassifications	0	0	0
Reclassification of currency translation adjustment included in net income	0	0	0
Change in deferred gains on cash flow hedging instruments	(3,471)	(146)	(128)
Change in deferred gains on fair value hedging instruments	(62)	(133)	0
Change in deferred (losses) gains on net investment hedging instruments	747	(2,485)	998
Total other comprehensive income (loss)	(2,786)	(2,764)	870
After tax amount
Foreign currency translation adjustments before reclassifications	30,197	(102,113)	85,581
Reclassification of currency translation adjustment included in net income	0	0	16,073
Change in deferred gains on cash flow hedging instruments	10,379	800	480
Change in deferred gains on fair value hedging instruments	185	500	0
Change in deferred (losses) gains on net investment hedging instruments	(2,495)	9,342	(3,753)
Total other comprehensive income (loss)	38,266	(91,471)	98,381
Total comprehensive (loss) income	$ (78,271)	$ (13,598)	$ 175,745

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES - Valuation of Accounts and Chargebacks Receivable and Concentration of Credit Risk (Details) - Customer Concentration Risk - Customer One	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Trade Receivable
Concentration Risk [Line Items]
Concentration risk, percentage	18.00%	15.00%
Sales
Concentration Risk [Line Items]
Concentration risk, percentage	16.00%	15.00%	11.00%

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Jun. 30, 2023

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consisted of the following:


	Fiscal Year Ended June 30,
	2023		2022

Payroll, employee benefits and other administrative accruals	$	49,564	$	44,756
Facility, freight and warehousing accruals	10,051		10,922
Selling and marketing related accruals	9,569		9,548
Short-term operating lease liabilities	10,489		13,154
Other accruals	8,847		8,453
	$	88,520	$	86,833

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS (Narrative) (Details)				3 Months Ended	12 Months Ended			36 Months Ended
	Jan. 01, 2023 shares	Dec. 31, 2022 USD ($)	Nov. 06, 2018 shares	Dec. 31, 2021	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 shares	Jun. 30, 2021 shares	Nov. 06, 2021	Jun. 30, 2020 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercised (in shares)					0	0	0
Options exercisable at year end (in shares)					122,000	122,000	122,000
Aggregate intrinsic value of outstanding options \| $					$ 1,250,000
Weighted average remaining contractual life					8 years
Outstanding options weighted average exercise price (USD per share) \| $ / shares					$ 2.26
Unrecognized compensation expense \| $					$ 0
Restricted Stock Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards outstanding (in shares)					0
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested restricted stock, restricted share units, and performance units (in shares)					250,000	1,583,000	375,000
Unrecognized stock-based compensation expense \| $					$ 18,283,000
Period for recognition (years)					1 year 7 months 6 days
Equity instruments other than options, nonvested (in shares)					1,288,000	790,000	1,780,000		2,050,000
RSUs \| Share-Based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	0.3333
RSUs \| Share-Based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	0.3333
RSUs \| Share-Based Payment Arrangement, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	0.3333
Former CEO \| PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of targeted award (percent)				100.00%
Number of shares available for grant (in shares)			350,000
Vesting period			3 years
Holding period			1 year
Grant date fair value \| $					$ 7,571,000
President And Chief Executive Officer \| Termination benefits and personnel realignment
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restructuring reserve \| $		$ 4,725,000
Severance costs installment period		2 years
President And Chief Executive Officer \| Make-Whole Restricted Stock Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)	95,000
Executives \| PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards outstanding (in shares)					10,000
Minimum \| Executives \| RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					1 year
Minimum \| Executives \| PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					1 year
Maximum \| Former CEO \| PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)			1,050,000
Maximum \| Executives \| RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					3 years
Maximum \| Executives \| PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					3 years
Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options granted in the period (in shares)					1,242,000	873,000	237,000
Options granted in the period (in shares)					0	0	0
Number of shares available for grant (in shares)					9,316,000
Long Term Incentive Plan \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of targeted award (percent)					0.00%
Long Term Incentive Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of targeted award (percent)					200.00%
Executive Incentive Plan \| Subject to Achievement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options granted in the period (in shares)					1,242,000	249,000	51,000
2019-2021 LTIP \| RSAs, RSUs, and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options granted in the period (in shares)						13,000
Percent of targeted award (percent)						100.00%
Vested restricted stock, restricted share units, and performance units (in shares)						1,299,000
2019-2021 LTIP \| PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of targeted award (percent)				100.00%
Number of shares available for grant (in shares)						0	51,000		554,000
Vesting period			3 years
2019-2021 LTIP \| Minimum \| PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of shares granted								0.00%
2019-2021 LTIP \| Maximum \| PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of shares granted								300.00%
2018-2020 LTIP \| RSAs, RSUs, and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of targeted award (percent)							150.00%
Vested restricted stock, restricted share units, and performance units (in shares)							20,000
2022-2024 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)					396,000
2022-2024 LTIP \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)						193,000
Equity instruments other than options, nonvested (in shares)					67,000
2022-2024 LTIP \| RSAs, RSUs, and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options granted in the period (in shares)					5,000
Percent of targeted award (percent)					100.00%
Vested restricted stock, restricted share units, and performance units (in shares)					245,000
2022-2024 LTIP \| Absolute TSR Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					3 years
2022-2024 LTIP \| Minimum \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of targeted award (percent)					0.00%
2022-2024 LTIP \| Maximum \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of targeted award (percent)					200.00%
2022-2024 LTIP \| Subject to Achievement \| RSAs, RSUs, and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options granted in the period (in shares)					10,000
2022-2024 LTIP \| Subject to Achievement \| Relative TSR Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested restricted stock, restricted share units, and performance units (in shares)					45,000
2022-2024 LTIP \| Subject to Achievement \| Absolute TSR Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested restricted stock, restricted share units, and performance units (in shares)					22,000
2023-2025 LTIP \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)					429,000
Equity instruments other than options, nonvested (in shares)					329,000
2023-2025 LTIP \| President And Chief Executive Officer \| RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)	36,000
2023-2025 LTIP \| President And Chief Executive Officer \| Relative TSR Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)	36,000
2023-2025 LTIP \| President And Chief Executive Officer \| Absolute TSR Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)	18,000
2023-2025 LTIP \| Minimum \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of targeted award (percent)					0.00%
2023-2025 LTIP \| Maximum \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of targeted award (percent)					200.00%
2023-2025 LTIP \| Subject to Achievement \| Relative TSR Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested restricted stock, restricted share units, and performance units (in shares)					220,000
2023-2025 LTIP \| Subject to Achievement \| Absolute TSR Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested restricted stock, restricted share units, and performance units (in shares)					109,000
Vesting period					3 years

INCOME TAXES - Reconciliation of Expected Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Effective Income Tax Rate Reconciliation, Amount
Expected United States federal income tax at statutory rate	$ (27,233)	$ 21,733	$ 22,847
State income taxes, net of federal (benefit) provision	(4,866)	1,227	1,150
Foreign income at different rates	(905)	(576)	4,756
Impairment of intangible assets	0	0	13,466
Change in valuation allowance	14,935	(220)	(5,921)
Change in reserves for uncertain tax positions	637	(997)	1,971
Change in foreign tax rate	0	(341)	1,840
Loss on disposal of subsidiary			1,073
U.S. tax (benefit) on foreign earnings	1,946	2,404	(50)
CARES Act			(1,116)
Other	1,308	(514)	1,077
Total	$ (14,178)	$ 22,716	$ 41,093
Effective Income Tax Rate Reconciliation, Percent
Expected United States federal income tax at statutory rate	21.00%	21.00%	21.00%
State income taxes, net of federal (benefit) provision	3.80%	1.20%	1.10%
Foreign income at different rates	0.70%	(0.60%)	4.40%
Impairment of intangible assets	0.00%	0.00%	12.40%
Change in valuation allowance	(11.50%)	(0.20%)	(5.40%)
Change in reserves for uncertain tax positions	(0.50%)	(1.00%)	1.80%
Change in foreign tax rate	0.00%	(0.30%)	1.70%
Loss on disposal of subsidiary	0.00%	0.00%	1.00%
U.S. tax (benefit) on foreign earnings	(1.50%)	2.30%	(0.10%)
CARES Act	0	0	(0.010)
Other	(1.10%)	(0.40%)	1.00%
(Benefit) provision for income taxes	10.90%	21.90%	37.80%

STOCKHOLDERS' EQUITY - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 1,083,168	$ 1,522,883	$ 1,443,554
Other comprehensive (loss) income before reclassifications	44,316	(88,089)	81,412
Amounts reclassified into income	(6,050)	(3,382)	16,969
Net changes in accumulated other comprehensive income (loss)	38,266	(91,471)	98,381
Ending balance	1,017,907	1,083,168	1,522,883
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(164,482)	(73,011)	(171,392)
Ending balance	(126,216)	(164,482)	(73,011)
Foreign Currency Translation Adjustment, Net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(168,222)	(66,109)	(167,763)
Other comprehensive (loss) income before reclassifications	30,197	(102,113)	85,581
Amounts reclassified into income	0	0	16,073
Net changes in accumulated other comprehensive income (loss)	30,197	(102,113)	101,654
Ending balance	(138,025)	(168,222)	(66,109)
Deferred Gains on Cash Flow Hedging Instruments, Net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	519	(281)	(761)
Other comprehensive (loss) income before reclassifications	15,390	3,511	(810)
Amounts reclassified into income	(5,011)	(2,711)	1,290
Net changes in accumulated other comprehensive income (loss)	10,379	800	480
Ending balance	10,898	519	(281)
Deferred (Losses) Gains on Fair Value Hedging Instruments, Net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	500	0	0
Other comprehensive (loss) income before reclassifications	(249)	559	0
Amounts reclassified into income	434	(59)	0
Net changes in accumulated other comprehensive income (loss)	185	500	0
Ending balance	685	500	0
Deferred (Losses) Gains on Net Investment Hedging Instruments, Net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	2,724	(6,618)	(2,865)
Other comprehensive (loss) income before reclassifications	(1,022)	9,954	(3,359)
Amounts reclassified into income	(1,473)	(612)	(394)
Net changes in accumulated other comprehensive income (loss)	(2,495)	9,342	(3,753)
Ending balance	$ 229	$ 2,724	$ (6,618)

(LOSS) EARNINGS PER SHARE - Computation of Basic and Diluted Net (Loss) Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net (loss) income from continuing operations	$ (116,537)	$ 77,873	$ 66,109
Net income from discontinued operations, net of tax	0	0	11,255
Net (loss) income	$ (116,537)	$ 77,873	$ 77,364
Denominator:
Basic weighted average shares outstanding (shares)	89,396	92,989	100,235
Effect of dilutive stock options, unvested restricted stock and unvested restricted share units (shares)	0	356	1,087
Diluted weighted average shares outstanding (shares)	89,396	93,345	101,322
Basic net (loss) income per common share from continuing operations (USD per share)	$ (1.30)	$ 0.84	$ 0.66
Basic net (loss) income per common share from discontinued operations (USD per share)	0	0	0.11
Basic net (loss) income per common share	(1.30)	0.84	0.77
Diluted net (loss) income per common share from continuing operations (USD per share)	(1.30)	0.83	0.65
Diluted net (loss) income per common share from discontinued operations (USD per share)	0	0	0.11
Diluted net (loss) income per common share	$ (1.30)	$ 0.83	$ 0.76

DEBT AND BORROWINGS - Credit Agreement (Details)	12 Months Ended			16 Months Ended
DEBT AND BORROWINGS - Credit Agreement (Details)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2024	Jan. 01, 2025	Jan. 01, 2024	Dec. 31, 2023	Sep. 30, 2023	Aug. 22, 2023	Dec. 16, 2022 USD ($)
Line of Credit Facility [Line Items]
Interest paid	$ 41,698,000	$ 9,926,000	$ 5,903,000
Fourth Amended and Restated Credit Agreement
Line of Credit Facility [Line Items]
Revolving credit facility										$ 1,100,000,000
Deferred debt issuance costs	1,916,000
Fourth Amended and Restated Credit Agreement \| Secured Debt
Line of Credit Facility [Line Items]
Face amount										300,000,000
Deferred debt issuance costs	520,000
Fourth Amended and Restated Credit Agreement \| Term loans
Line of Credit Facility [Line Items]
Line of credit facility outstanding	$ 288,750,000	296,250,000
Fourth Amended and Restated Credit Agreement \| Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.00%
Fourth Amended and Restated Credit Agreement \| Base Rate \| Forecast
Line of Credit Facility [Line Items]
Basis spread on variable rate				1.50%
Fourth Amended and Restated Credit Agreement \| Base Rate \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.00%
Fourth Amended and Restated Credit Agreement \| Base Rate \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.75%
Fourth Amended and Restated Credit Agreement \| Secured Overnight Financing Rate
Line of Credit Facility [Line Items]
Adjustment rate	0.10%
Basis spread on variable rate	2.00%
Fourth Amended and Restated Credit Agreement \| Secured Overnight Financing Rate \| Forecast
Line of Credit Facility [Line Items]
Basis spread on variable rate				2.50%
Fourth Amended and Restated Credit Agreement \| Secured Overnight Financing Rate \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.875%
Fourth Amended and Restated Credit Agreement \| Secured Overnight Financing Rate \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.75%
Revolving credit facility \| Line of Credit
Line of Credit Facility [Line Items]
Unamortized deferred financing costs	$ 1,987,000
Revolving credit facility \| Fourth Amended and Restated Credit Agreement
Line of Credit Facility [Line Items]
Line of credit facility outstanding	541,000,000	593,000,000
Revolving credit facility \| Fourth Amended and Restated Credit Agreement \| Line of Credit
Line of Credit Facility [Line Items]
Revolving credit facility										800,000,000
Deferred debt issuance costs	$ 1,396,000
Revolving credit facility \| Fourth Amended and Restated Credit Agreement \| Line of Credit \| United States
Line of Credit Facility [Line Items]
Revolving credit facility										440,000,000
Revolving credit facility \| Fourth Amended and Restated Credit Agreement \| Line of Credit \| Non-US
Line of Credit Facility [Line Items]
Revolving credit facility										$ 360,000,000
Line of Credit \| Fourth Amended and Restated Credit Agreement
Line of Credit Facility [Line Items]
Weighted average interest rate	5.94%
Available borrowing capacity	$ 254,532,000	$ 203,981,000
Line of Credit \| Fourth Amended and Restated Credit Agreement \| Minimum
Line of Credit Facility [Line Items]
Interest coverage ratio covenant	2.75
Commitment fee percentage	0.15%
Line of Credit \| Fourth Amended and Restated Credit Agreement \| Minimum \| Forecast
Line of Credit Facility [Line Items]
Interest coverage ratio covenant									2.50
Line of Credit \| Fourth Amended and Restated Credit Agreement \| Maximum
Line of Credit Facility [Line Items]
Covenant, consolidated leverage ratio	600.00%
Consolidated secured leverage ratio covenant	5.00
Commitment fee percentage	0.25%
Line of Credit \| Fourth Amended and Restated Credit Agreement \| Maximum \| Forecast
Line of Credit Facility [Line Items]
Consolidated secured leverage ratio covenant				5.00	4.25	4.25	5.25	5.00
Letter of credit \| Fourth Amended and Restated Credit Agreement
Line of Credit Facility [Line Items]
Letters of credit outstanding	$ 4,468,000
Letter of credit \| Fourth Amended and Restated Credit Agreement \| Eurocurrency Rate \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.125%
Letter of credit \| Fourth Amended and Restated Credit Agreement \| Eurocurrency Rate \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.00%
Letter of credit \| Fourth Amended and Restated Credit Agreement \| Base Rate \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.125%
Letter of credit \| Fourth Amended and Restated Credit Agreement \| Base Rate \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.00%

INVENTORIES (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Inventory, Net [Abstract]
Finished goods	$ 192,007	$ 202,544
Raw materials, work-in-progress and packaging	118,334	105,490
Total inventories	$ 310,341	$ 308,034

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill

The following table shows the changes in the carrying amount of goodwill by reportable segment:


	North America		International		Total






Balance as of June 30, 2021(1)	600,812		270,255		$	871,067
Acquisition (See Note 4, Acquisition and Disposition)	95,645		—		95,645
Translation and other adjustments, net	(742)		(32,174)		(32,916)
Balance as of June 30, 2022	695,715		238,081		933,796

Acquisition(2)	(794)		—		(794)
Divestiture(3)	(3,054)		—		(3,054)
Translation and other adjustments, net	5,186		3,506		8,692
Balance as of June 30, 2023	$	697,053	$	241,587	$	938,640

(1) The total carrying value of goodwill is reflected net of $134,277 of accumulated impairment charges.

(2) During the fiscal year ended June 30, 2023, the Company finalized purchase accounting related to THWR resulting in a $794 reduction to goodwill. See Note 4, Acquisition and Disposition.

(3) During the fiscal year ended June 30, 2023, the Company completed the divestiture of Westbrae, a component of the North America reportable segment. Goodwill of $3,054 was assigned to the divested component on a relative fair value basis.

Other Intangible Assets

The following table sets forth balance sheet information for intangible assets, excluding goodwill, subject to amortization and intangible assets not subject to amortization:


	Fiscal Year Ended June 30,
	2023		2022
Non-amortized intangible assets:
Trademarks and tradenames(1)	$	250,860	$	379,466
Amortized intangible assets:
Other intangibles(2)	161,874		199,448
Less: Accumulated amortization	(114,629)		(101,381)
Net amortized intangible assets	$	47,245	$	98,067
Net other intangible assets	$	298,105	$	477,533

(1) The gross carrying value of trademarks and tradenames is reflected net of $223,981 and $94,873 of accumulated impairment charges as of June 30, 2023 and 2022, respectively.

(2) The reduction in carrying value of other intangible assets as of June 30, 2023 reflected a non-cash impairment charge of $45,798 recognized in the fiscal year ended June 30, 2023.

Other Intangible Assets

The following table sets forth balance sheet information for intangible assets, excluding goodwill, subject to amortization and intangible assets not subject to amortization:


	Fiscal Year Ended June 30,
	2023		2022
Non-amortized intangible assets:
Trademarks and tradenames(1)	$	250,860	$	379,466
Amortized intangible assets:
Other intangibles(2)	161,874		199,448
Less: Accumulated amortization	(114,629)		(101,381)
Net amortized intangible assets	$	47,245	$	98,067
Net other intangible assets	$	298,105	$	477,533

(1) The gross carrying value of trademarks and tradenames is reflected net of $223,981 and $94,873 of accumulated impairment charges as of June 30, 2023 and 2022, respectively.

(2) The reduction in carrying value of other intangible assets as of June 30, 2023 reflected a non-cash impairment charge of $45,798 recognized in the fiscal year ended June 30, 2023.

Summary of Amortization Expense

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


	Fiscal Year Ended June 30,
	2023		2022		2021
Amortization of acquired intangibles	$	10,016	$	10,214	$	8,931

Schedule of Expected Amortization Expense

Expected amortization expense over the next five fiscal years is as follows:


	Fiscal Year Ending June 30,
	2024		2025		2026		2027		2028
Estimated amortization expense	$	6,401	$	5,348	$	4,981	$	4,871	$	4,239

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

DERIVATIVES AND HEDGING ACTIVITIES - Cash Flow Hedges and Accumulated Other Comprehensive Gain (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Change in deferred gains on cash flow hedging instruments	$ (310)	$ 708	$ 0
Interest and other financing expense, net / Other expense (income), net	1,822	11,380	10,067
Cost of sales	1,400,229	1,464,352	1,478,687
Net (loss) income	(116,537)	77,873	77,364
Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Change in deferred gains on cash flow hedging instruments	20,493	4,377	(1,165)
Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains (losses) on cash flow hedging instruments \| Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income	6,643	3,431	(1,773)
Interest rate swap \| Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Change in deferred gains on cash flow hedging instruments	20,413	1,341	279
Interest rate swap \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains (losses) on cash flow hedging instruments \| Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest and other financing expense, net	6,918	27	(308)
Cross-currency swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Change in deferred gains on cash flow hedging instruments	(310)	708	0
Cross-currency swap \| Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Change in deferred gains on cash flow hedging instruments	0	3,129	(1,366)
Cross-currency swap \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains (losses) on cash flow hedging instruments \| Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest and other financing expense, net / Other expense (income), net	(275)	3,296	(1,398)
Foreign currency forward contracts \| Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Change in deferred gains on cash flow hedging instruments	80	(93)	(78)
Foreign currency forward contracts \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains (losses) on cash flow hedging instruments \| Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cost of sales	$ 0	$ 108	$ (67)

INCOME TAXES - Unrecognized Tax Benefits Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of year	$ 21,901	$ 22,870	$ 20,899
Additions based on tax positions related to the current year	1,519	273	343
Additions based on tax positions related to prior years	815	304	3,045
Reductions due to lapse in statute of limitations and settlements	(268)	(1,546)	(1,417)
Balance at end of year	$ 23,967	$ 21,901	$ 22,870

INVESTMENTS	12 Months Ended
INVESTMENTS	Jun. 30, 2023
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 June 30, 2023 and June 30, 2022, the carrying value of the Company’s investment in Founders Table was $8,032 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 its investment was $4,766 and $4,965 as of June 30, 2023 and June 30, 2022, respectively, and is included in the Consolidated Balance Sheets as a component of Investments and joint ventures. During fiscal year 2022, the Company recorded an impairment charge totaling $1,203 related to its investment in Hain Future Natural Products Private, Ltd., a joint venture with Future Consumer Ltd, which is included as a component of equity in net loss of equity-method investees on the Consolidated Statement of Operations.

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS (Restricted Stock Grant Information) (Details) - Restricted Stock - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of restricted stock granted	$ 25,258	$ 38,005	$ 8,551
Fair value of restricted stock vested	4,684	71,376	15,847
Tax benefit recognized from restricted stock vesting	$ 631	$ 3,658	$ 1,597

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Paragraph 2
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

(LOSS) EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

(LOSS) EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted net (loss) income per share on the Consolidated Statements of Operations:


	Fiscal Year Ended June 30,
	2023		2022		2021
Numerator:
Net (loss) income from continuing operations	$	(116,537)	$	77,873	$	66,109
Net income from discontinued operations, net of tax	—		—		11,255
Net (loss) income	$	(116,537)	$	77,873	$	77,364

Denominator:
Basic weighted average shares outstanding	89,396		92,989		100,235
Effect of dilutive stock options, unvested restricted stock and unvested restricted share units	—		356		1,087
Diluted weighted average shares outstanding	89,396		93,345		101,322

Basic net (loss) income per common share:
Continuing operations	$	(1.30)	$	0.84	$	0.66
Discontinued operations	—		—		0.11
Basic net (loss) income per common share	$	(1.30)	$	0.84	$	0.77

Diluted net (loss) income per common share:
Continuing operations	$	(1.30)	$	0.83	$	0.65
Discontinued operations	—		—		0.11
Diluted net (loss) income per common share	$	(1.30)	$	0.83	$	0.76

Due to our net loss in the twelve months ended June 30, 2023, all common stock equivalents such as stock options and unvested restricted stock awards have been excluded from the computation of diluted net loss per share because the effect would have been anti-dilutive to the computations.

There were 316 and 137 restricted stock awards and stock options excluded from the Company’s calculation of diluted net (loss) income per share for the fiscal years 2022 and 2021, respectively, as such awards were anti-dilutive.

Additionally, 214 and 721 stock-based awards outstanding at fiscal years 2022 and 2021, respectively, were excluded from the calculation of diluted net income per share for the fiscal years 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.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts (in dollars)	$ 2,750	$ 1,731
Preferred stock, par value (USD per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	111,339,000	111,090,000
Common stock, shares, outstanding (in shares)	89,475,000	89,302,000
Treasury stock (in shares)	21,864,000	21,788,000

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

12 Months Ended

Jun. 30, 2023

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:


	Fiscal Year Ended June 30,
	2023		2022

Payroll, employee benefits and other administrative accruals	$	49,564	$	44,756
Facility, freight and warehousing accruals	10,051		10,922
Selling and marketing related accruals	9,569		9,548
Short-term operating lease liabilities	10,489		13,154
Other accruals	8,847		8,453
	$	88,520	$	86,833

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Operating Loss Carryforwards [Line Items]
Cash paid for income taxes, net of refunds	$ 14,765	$ 19,235	$ 32,998
Operating loss carryback, CARES Act			53,817
GILTI tax current period cost and expenses	2,189	1,119	0
Foreign earnings not permanently reinvested	147,300
Unremitted earnings of foreign subsidiaries	1,989	2,232
Undistributed earnings of foreign subsidiaries	792,262
Valuation allowances	52,551	36,891	37,453
Unrecognized tax benefits	23,967	21,901	22,870	$ 20,899
Unrecognized tax benefits that would impact effective tax rate	20,155	18,089	$ 19,058
Interest and penalties, accrued	3,768	2,952
Federal
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	63,559	79,890
Foreign
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 11,351	$ 12,108

FAIR VALUE MEASUREMENTS

12 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

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 by level within the fair value hierarchy, assets and liabilities measured at fair value on a recurring basis as of June 30, 2023:


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

Derivative financial instruments	$	16,988	$	—	$	16,988	$	—


Liabilities:
Derivative financial instruments	$	3,160	$	—	$	3,160	$	—

The following table presents by level within the fair value hierarchy, 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 fiscal years ended June 30, 2023 or 2022.

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 June 30, 2023 and 2022 were classified as Level 2 of the fair value hierarchy.

Nonrecurring Fair Value Measurements

The Company measures certain non-financial assets at fair value on a nonrecurring basis including goodwill, intangible assets, property and equipment and right-of-use lease assets. These assets were initially measured and recognized at amounts equal to the fair value determined as of the date of acquisition or purchase subject to changes in value only for foreign currency translation. Periodically, these assets are tested for impairment by comparing their respective carrying values to the estimated fair value of the reporting unit or asset group in which they reside. In the event any of these assets were to become impaired, the Company would recognize an impairment expense equal to the amount by which the carrying value of the reporting unit, impaired asset or asset group exceeds its estimated fair value. For indefinite-lived intangible assets, the relief from royalty approach is dependent on a number of factors, including estimates of future growth and trends, royalty rates in the category of intellectual property, discount rates and other variables. Fair value measurements of reporting units are estimated using an income approach involving discounted cash flow models that contain certain Level 3 inputs requiring significant management judgment, including projections of economic conditions, customer demand and changes in competition, revenue growth rates, gross profit margins, operating margins, capital expenditures, working capital requirements, terminal growth rates and discount rates. Fair value measurements of the reporting units associated with our goodwill balances and our indefinite-lived intangible assets are estimated at least annually in the fourth quarter of each fiscal year for purposes of impairment testing if a quantitative analysis is performed. The Company bases its fair value estimates on assumptions its management believes to be reasonable, but which are unpredictable and inherently uncertain.

The Company completed its annual assessment of impairment for indefinite-lived intangible assets in the fourth quarter of fiscal 2023 and recorded non-cash impairment charges of $4,767, $4,691 and $9,150 for Imagine®, Joya®, and Queen Helene® intangible assets, respectively (see Note 8, Goodwill and Other Intangible Assets). As of June 30, 2023, these intangible assets were classified as Level 3 assets measured at fair value on a nonrecurring basis with estimated fair value of $9,318.

During the fiscal year ended June 30, 2023, the Company recorded non-cash impairment charges of $102,000 and $8,500 for the ParmCrisps® and Thinsters® trademarks, respectively. Due to the same factors triggering the impairment tests for the ParmCrisps® and Thinsters® trademarks, the Company completed an impairment test of the ParmCrisps® and Thinsters® asset group and recorded a non-cash impairment charge of $45,798 for the ParmCrisps® asset group (see Note 8, Goodwill and Other Intangible Assets). As of June 30, 2023, THWR intangible assets were classified as Level 3 assets measured at fair value on a nonrecurring basis with estimated fair value of $32,389, which was calculated during the third quarter of fiscal year ended June 30, 2023.

- 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

DERIVATIVES AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

As of June 30, 2023, 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	4	$400,000

As of June 30, 2023, 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 June 30, 2023, 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

Schedule of Cumulative Basis Adjustment for Fair Value Hedges

As of June 30, 2023, 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
	Fiscal Year Ended June 30,				Fiscal Year Ended June 30,
	2023		2022		2023		2022
Intercompany loan receivable	$	26,945	$	25,899	$	924	$	122

Derivative Financial Instruments and Classification on Consolidated Balance Sheets

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, 2023:


	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	$	8,649	Accrued expenses and other current liabilities	$	—
Interest rate swaps	Other noncurrent assets	5,974		Other noncurrent liabilities	—
Cross-currency swaps	Prepaid expenses and other current assets	2,365		Accrued expenses and other current liabilities	—
Cross-currency swaps	Other noncurrent assets	—		Other noncurrent liabilities	3,160
Total derivatives designated as hedging instruments		$	16,988		$	3,160

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 as of June 30, 2023, 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)	Location of Gain (Loss) Reclassified from AOCL into Income (Expense)
	Fiscal Year Ended June 30,							Fiscal Year Ended June 30,
	2023		2022		2021			2023		2022		2021
Interest rate swaps	$	20,413	$	1,341	$	279	Interest and other financing expense, net	$	6,918	$	27	$	(308)
Cross-currency swaps	—		3,129		(1,366)		Interest and other financing expense, net / Other expense (income), net	(275)		3,296		(1,398)
Foreign currency forward contracts	80		(93)		(78)		Cost of sales	—		108		(67)
Total	$	20,493	$	4,377	$	(1,165)		$	6,643	$	3,431	$	(1,773)

The following table presents the pre-tax effect of fair value hedge accounting on AOCL as of June 30, 2023, 2022 and 2021:


Derivatives in Fair Value Hedging Relationships	Amount of (Loss) 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)
	Fiscal Year Ended June 30,							Fiscal Year Ended June 30,
	2023		2022		2021			2023		2022		2021
Cross-currency swaps	$	(310)	$	708	$	—	Interest and other financing expense, net	$	489	$	75	$	—
Total	$	(310)	$	708	$	—		$	489	$	75	$	—

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

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 as of June 30, 2023 and 2022:


				Location and Amount of Gain (Loss) Recognized in the Consolidated Statements of Operations on Cash Flow Hedging Relationships
				Fiscal Year Ended June 30, 2023						Fiscal Year Ended June 30, 2022
				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 reclassified from AOCL into income	$	—	$	6,918	$	—	$	—	$	27	$	—

		Cross-currency swaps
			Amount of (loss) gain reclassified from AOCL into (expense) income	$	—	$	(275)	$	—	$	—	$	78	$	3,218

		Foreign currency forward contracts
			Amount of gain reclassified from AOCL into income	$	—	$	—	$	—	$	108	$	—	$	—

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 as of June 30, 2023 and 2022:


				Location and Amount of (Loss) Gain Recognized in the Consolidated Statements of Operations on Fair Value Hedging Relationships
				Fiscal Year Ended June 30, 2023						Fiscal Year Ended June 30, 2022
				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 on fair value hedging relationships

		Cross-currency swaps
			Amount of (loss) gain reclassified from AOCL into (expense) income	$	—	$	(557)	$	—	$	—	$	75	$	122

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 Accumulated other comprehensive loss and the Consolidated Statements of Operations as of June 30, 2023, 2022 and 2021:


Derivatives in Net Investment Hedging Relationships	Amount of (Loss) Gain Recognized in AOCL on Derivatives						Location of Gain Recognized in Income on Derivatives (Amount Excluded from Effectiveness Testing)	Amount of Gain Recognized in Income on Derivatives (Amount Excluded from Effectiveness Testing)
	Fiscal Year Ended June 30,							Fiscal Year Ended June 30,
	2023		2022		2021			2023		2022		2021
Cross-currency swaps	$	(1,279)	$	12,599	$	(4,251)	Interest and other financing expense, net	$	1,963	$	772	$	498

- 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 + Details

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

12 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

Summary of Property, Plant, and Equipment, Net

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


	Fiscal Year Ended June 30,
	2023		2022

Land	$	11,453	$	11,216
Buildings and improvements	55,354		51,849
Machinery and equipment	335,912		296,398
Computer hardware and software	54,192		65,680
Furniture and fixtures	20,722		23,522
Leasehold improvements	49,394		54,999
Construction in progress	10,816		27,200
	537,843		530,864
Less: Accumulated depreciation and impairment	241,518		233,459
	$	296,325	$	297,405

LEASES (Tables)

12 Months Ended

Jun. 30, 2023

Leases [Abstract]

Lease Expenses and Other Information

The components of lease expenses for the fiscal years ended June 30, 2023, 2022 and 2021 were as follows:


	Fiscal Year Ended
	2023		2022		2021
Operating lease expenses (a)	$	18,173	$	15,911	$	16,403
Finance lease expenses (a)	227		251		391
Variable lease expenses	740		1,010		1,423
Short-term lease expenses	2,003		3,394		2,387
Total lease expenses	$	21,143	$	20,566	$	20,604

Additional information related to leases is as follows:


	Fiscal Year Ended June 30,
	2023			2022			2021
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	16,446		$	15,462		$	16,738
Operating cash flows from finance leases	$	16		$	20		$	17
Financing cash flows from finance leases	$	161		$	226		$	338
ROU assets obtained in exchange for lease obligations:
Operating leases(1)	$	(2,627)		$	39,435		$	25,446
Finance leases	$	118		$	116		$	690


Weighted average remaining lease term:
Operating leases	10.4 years			9.3 years			9.8 years
Finance leases	3.9 years			4.1 years			4.0 years
Weighted average discount rate:
Operating leases	4.8		%	3.9		%	3.3		%
Finance leases	4.7		%	4.1		%	3.9		%

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases is as follows:


Leases	Classification	Fiscal Year Ended June 30,
		2023		2022

Assets
Operating lease ROU assets	Operating lease right-of-use assets	$	95,894	$	114,691
Finance lease ROU assets, net	Property, plant and equipment, net	289		413
Total leased assets		$	96,183	$	115,104

Liabilities
Current
Operating	Accrued expenses and other current liabilities	$	10,489	$	13,154
Finance	Current portion of long-term debt	83		149
Non-current
Operating	Operating lease liabilities, noncurrent portion	90,014		107,481
Finance	Long-term debt, less current portion	222		278
Total lease liabilities		$	100,808	$	121,062

Maturities of Lease Liabilities

Maturities of lease liabilities as of June 30, 2023 were as follows:


Fiscal Year	Operating leases		Finance leases		Total
2024	$	15,087	$	74	$	15,161
2025	12,939		101		13,040
2026	12,221		76		12,297
2027	11,897		59		11,956
2028	11,960		25		11,985
Thereafter	66,118		—		66,118
Total lease payments	130,222		335		130,557
Less: Imputed interest	29,719		30		29,749
Total lease liabilities	$	100,503	$	305	$	100,808

Maturities of Lease Liabilities

Maturities of lease liabilities as of June 30, 2023 were as follows:


Fiscal Year	Operating leases		Finance leases		Total
2024	$	15,087	$	74	$	15,161
2025	12,939		101		13,040
2026	12,221		76		12,297
2027	11,897		59		11,956
2028	11,960		25		11,985
Thereafter	66,118		—		66,118
Total lease payments	130,222		335		130,557
Less: Imputed interest	29,719		30		29,749
Total lease liabilities	$	100,503	$	305	$	100,808

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Jun. 30, 2023

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

The Hain Celestial Group, Inc. and Subsidiaries

Schedule II - Valuation and Qualifying Accounts


Column A	Column B		Column C				Column D		Column E
			Additions
	Balance at beginning of period		Charged to costs and expenses (iii)		Charged to other accounts - describe (i)		Deductions - describe (ii)		Balance at end of period
Fiscal Year Ended June 30, 2023
Allowance for doubtful accounts	$	1,731	$	1,450	$	—	$	(431)	$	2,750
Valuation allowance for deferred tax assets	$	36,891	$	23,212	$	—	$	(7,552)	$	52,551
Fiscal Year Ended June 30, 2022
Allowance for doubtful accounts	$	1,314	$	1,292	$	—	$	(875)	$	1,731
Valuation allowance for deferred tax assets	$	37,453	$	784	$	—	$	(1,346)	$	36,891
Fiscal Year Ended June 30, 2021
Allowance for doubtful accounts	$	638	$	348	$	—	$	328	$	1,314
Valuation allowance for deferred tax assets	$	41,941	$	5,601	$	—	$	(10,089)	$	37,453

(i)Represents the allowance for doubtful accounts of the business acquired or disposed of during the fiscal year.

(ii)Amounts written off and changes in exchange rates.

(iii)Includes item related to THWR purchase accounting (2023:$291; 2022: $1,743; 2021: nil)

SEGMENT INFORMATION - Narrative (Details)	12 Months Ended
SEGMENT INFORMATION - Narrative (Details)	Jun. 30, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments	2
Number of operating segments	2

LEASES - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Operating lease ROU assets	$ 95,894	$ 114,691
Finance lease ROU assets, net	289	413
Total leased assets	96,183	115,104
Current operating lease liability	10,489	13,154
Current finance lease liability	83	149
Non-current operating lease liability	90,014	107,481
Non-current finance lease liability	222	278
Total lease liabilities	$ 100,808	$ 121,062
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net	Property, plant and equipment, net
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current portion of long-term debt	Current portion of long-term debt
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term debt, less current portion	Long-term debt, less current portion

DEFINED CONTRIBUTION PLANS	12 Months Ended
DEFINED CONTRIBUTION PLANS	Jun. 30, 2023
Retirement Benefits [Abstract]
DEFINED CONTRIBUTION PLANS	DEFINED CONTRIBUTION PLANS The Company has a 401(k) Employee Retirement Plan (the “Plan”) to provide retirement benefits for eligible employees. All full-time employees of the Company and its wholly-owned domestic subsidiaries are eligible to participate upon completion of 30 days of service. On an annual basis, the Company may, in its sole discretion, make certain matching contributions. For the fiscal years ended June 30, 2023, 2022 and 2021, we made contributions to the Plan of $2,307, $2,091 and $2,025, respectively, and recorded retirement plan expense in the amount of $2,457, $2,141 and $2,482, respectively. In addition, while certain of the Company’s international subsidiaries maintain separate defined contribution plans for their employees, except for the United Kingdom, the amounts are not significant to the Company’s consolidated financial statements. Certain United Kingdom subsidiaries offer an auto-enrollment defined contribution plan to all employees. Employees must be aged 22 or over but under the State Pension age and have earned over £10. Employees outside of these criteria have the option to opt-in. Employees must contribute a minimum percentage to the plan and the United Kingdom subsidiaries make matching contributions. For the fiscal years ended June 30, 2023, 2022 and 2021, there were contributions and retirement plan expense recorded in the amount of $2,096, $2,379 and $3,487, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES (Tables)

12 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Summary of Property, Plant, and Equipment Useful Lives

The Company utilizes the following ranges of asset lives:


Buildings and improvements						10 - 40 years
Machinery and equipment						3 - 20 years
Furniture and fixtures						3 - 15 years

DEBT AND BORROWINGS - Maturities of Debt Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Debt Disclosure [Abstract]
2024	$ 7,207
2025	7,215
2026	7,192
2027	807,134
Long-term debt	$ 828,748	$ 888,643

- Definition

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

+ References + Details

AUDIT INFORMATION	12 Months Ended
AUDIT INFORMATION	Jun. 30, 2023
Auditor Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	Jericho, New York
Auditor Firm ID	42

ACQUISITION AND DISPOSITIONS

12 Months Ended

Jun. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

ACQUISITION AND DISPOSITIONS

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. The acquisition was funded with borrowings under the Credit Agreement (See Note 10, Debt and Borrowings).

During fiscal year 2023, 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 North America reportable segment. THWR's net sales included in our consolidated results were 3.2% of consolidated net sales for the fiscal year ended June 30, 2023.

The following table provides unaudited pro forma results of operations had the acquisition been completed at the beginning of fiscal 2021. 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
	Fiscal Year Ended June 30,
	2022		2021
Net sales	$	1,954,564	$	2,065,957
Net income from continuing operations(1)	$	84,913	$	68,142
Diluted net (loss) income per common share from continuing operations	$	0.91	$	0.67

(1) The pro forma adjustments include the elimination of transaction costs totaling $5,103 from the fiscal year ended June 30, 2022 and recognition of those costs in the fiscal year ended June 30, 2021. Additionally, the pro forma adjustments include the elimination of integration costs and a fair value inventory adjustment totaling $1,800 for the fiscal year ended June 30, 2022 and recognition of those costs in the fiscal period ended June 30, 2021.

Dispositions

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 was 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 fiscal year ended June 30, 2023, the Company deconsolidated the net assets of Westbrae, primarily consisting of $3,054 of goodwill, and recognized a pretax gain on sale of $3,488.

GG UniqueFiber®

On June 28, 2021, the Company completed the divestiture of its crispbread crackers business, GG UniqueFiber (“GG”) for total cash consideration of $336. The sale of GG is consistent with the Company’s portfolio simplification process. GG operated in Norway and was part of the Company’s International reportable segment. The Company deconsolidated the net assets of GG during the twelve months ended June 30, 2021, recognizing a pre-tax loss on sale of $3,753 in the fourth quarter of fiscal 2021.

Dream® and WestSoy®

On April 15, 2021, the Company completed the divestiture of its North America non-dairy beverages business, consisting of the Dream® and WestSoy® brands (“Dream”), for total cash consideration of $33,000, subject to customary post-closing adjustments. The final purchase price was $31,320. The non-dairy beverage business was considered to be non-core within our broader North American business, and the sale aligns with the Company’s portfolio simplification process. The business operated out of the United States and Canada and was part of the Company’s North America reportable segment. The Company deconsolidated the net assets of the North American non-dairy beverage business during the twelve months ended June 30, 2021, recognizing a pre-tax gain on sale of $7,519 in the fourth quarter of fiscal 2021.

Discontinued Operations

Sale of Tilda Business

On August 27, 2019, the Company sold the entities comprising the former Tilda reporting unit and certain other assets of the Tilda business for an aggregate price of $342,000 in cash, subject to customary post-closing adjustments based on the balance sheets of the Tilda business. The disposition of the Tilda reporting unit represented a strategic shift that had a major impact on the Company’s operations and financial results and has been accounted for as discontinued operations. For the fiscal year ended June 30, 2021 the Company recorded net income from discounted operations of approximately $11,245 primarily related to a tax benefit related a legal entity reorganization. No further activity is recorded or expected to be recorded related to this disposition that occurred in fiscal 2021.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES - Revenue Recognition (Details)	12 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Credit term period (in days)	Payment terms and conditions vary by customer and are based on the billing schedule established in contracts or purchase orders with customers, but the Company generally provides credit terms to customers ranging from 10-91 days.

ACQUISITION AND DISPOSITIONS - Narrative (Details) - USD ($) $ in Thousands			3 Months Ended	12 Months Ended
	Dec. 28, 2021	Aug. 27, 2019	Jun. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Dec. 15, 2022	Jun. 28, 2021	Apr. 15, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill, purchase price allocation				$ (794)
Goodwill, written off related to sale of business unit				3,054
Gain on sale of assets				3,529	$ 9,049	$ 4,900
Proceeds from divestiture				0	0	59,607
Net income from discontinued operations, net of tax				0	$ 0	$ 11,255
Disposed of by Sale \| Westbrae Natural
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration to be received for sale of business							$ 7,498
Goodwill, written off related to sale of business unit				3,054
Gain on sale of assets				3,488
Disposed of by Sale \| GG UniqueFiber
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration to be received for sale of business								$ 336
Gain on sale of assets			$ (3,753)
Disposed of by Sale \| Dream and WestSoy
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration to be received for sale of business									$ 33
Final purchase price for sale of business									$ 31,320
Gain on sale of assets			$ 7,519
Disposed of by Sale \| Tilda
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture		$ 342
Net income from discontinued operations, net of tax		$ 11,245
That's How We Roll
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total consideration transferred	$ 260,185
Goodwill, purchase price allocation				$ 794
That's How We Roll \| United States Segment \| Operating Segments \| Sales \| Product Concentration Risk
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Concentration risk, percentage				3.20%

LEASES - Narrative (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Leases [Abstract]
Operating lease not yet commenced	$ 12,849
Operating lease, lease not yet commenced, term of contract	10 years 6 months

COMMITMENTS AND CONTINGENCIES (Details)			12 Months Ended
COMMITMENTS AND CONTINGENCIES (Details)	Apr. 26, 2017 complaint	Aug. 17, 2016 complaint	Jun. 30, 2023 complaint lawsuit
Securities Complaints
Loss Contingencies [Line Items]
Number of complaints		3
Barnes Complaint
Loss Contingencies [Line Items]
Number of complaints	2
Baby Food Litigation
Loss Contingencies [Line Items]
Number of active lawsuits			1
Baby Food Litigation, Personal Injury \| Pending Litigation
Loss Contingencies [Line Items]
Number of complaints alleging injury \| lawsuit			7

INCOME TAXES

12 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

INCOME TAXES

The components of (loss) income from continuing operations before income taxes and equity in net loss of equity-method investees were as follows:


	Fiscal Year Ended June 30,
	2023		2022		2021
Domestic	$	(183,601)	$	24,541	$	60,215
Foreign	54,020		78,950		48,578
Total	$	(129,581)	$	103,491	$	108,793

The (benefit) provision for income taxes consisted of the following:


	Fiscal Year Ended June 30,
	2023		2022		2021
Current:
Federal	$	3,103	$	(197)	$	2,243
State and local	953		179		1,735
Foreign	7,719		13,714		27,253
	11,775		13,696		31,231
Deferred:
Federal	(23,551)		6,237		14,266
State and local	271		(463)		(10,064)
Foreign	(2,673)		3,246		5,660
	(25,953)		9,020		9,862
Total	$	(14,178)	$	22,716	$	41,093

Cash paid for income taxes, net of refunds, during the fiscal years ended June 30, 2023 and June 30, 2022 amounted to $14,765 and $19,235, respectively. For the fiscal year ended June 30, 2021, the Company received net tax refunds of $32,998 including a $53,817 tax loss carryback claim under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) which allowed for, among other provisions, a five-year carryback of net operating losses (“NOLs”) for 2018-2020 offset by taxes paid in other jurisdictions.

The reconciliation of the U.S. federal statutory rate to the Company’s effective rate on (loss) income before (benefit) provision for income taxes is as follows:


	Fiscal Year Ended June 30,
	2023		%		2022		%		2021		%
Expected United States federal income tax at statutory rate	$	(27,233)	21.0	%	$	21,733	21.0	%	$	22,847	21.0	%
State income taxes, net of federal (benefit) provision	(4,866)		3.8	%	1,227		1.2	%	1,150		1.1	%


Foreign income at different rates	(905)		0.7	%	(576)		(0.6)	%	4,756		4.4	%
Impairment of intangible assets	—		—	%	—		—	%	13,466		12.4	%
Change in valuation allowance	14,935		(11.5)	%	(220)		(0.2)	%	(5,921)		(5.4)	%

Change in reserves for uncertain tax positions	637		(0.5)	%	(997)		(1.0)	%	1,971		1.8	%
Change in foreign tax rate	—		—	%	(341)		(0.3)	%	1,840		1.7	%
Loss on disposal of subsidiary			—	%			—	%	1,073		1.0	%


U.S. tax (benefit) on foreign earnings	1,946		(1.5)	%	2,404		2.3	%	(50)		(0.1)	%

CARES Act			—	%			—	%	(1,116)		(1.0)	%
Other	1,308		(1.1)	%	(514)		(0.4)	%	1,077		1.0	%
(Benefit) provision for income taxes	$	(14,178)	10.9	%	$	22,716	21.9	%	$	41,093	37.8	%

The Company accounts for global intangible low-taxed income (“GILTI”) tax as a current period cost and recorded expense of $2,189, $1,119, and nil, during the fiscal years ended June 30, 2023, 2022 and 2021, respectively. Such amounts are included in the U.S. tax benefit on foreign earnings in the effective tax rate which also includes tax expense related to Subpart F income and unremitted earnings in total.

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. Deferred tax assets and liabilities consisted of the following:


	Fiscal Year Ended June 30,
	2023		2022

Noncurrent deferred tax assets (liabilities):
Basis difference on inventory	$	5,130	$	6,395
Reserves not currently deductible	11,045		11,675
Basis difference on intangible assets	(73,635)		(119,109)
Basis difference on property and equipment	(20,255)		(15,049)
Other comprehensive income	(3,498)		(726)
Net operating loss and tax credit carryforwards	50,807		50,077
Stock-based compensation	1,937		1,516
Unremitted earnings of foreign subsidiaries	(1,989)		(2,232)
Operating lease liability	20,203		25,423
Lease ROU assets	(19,113)		(23,905)
Other	9,833		7,782
Valuation allowances	(52,551)		(36,891)
Noncurrent deferred tax liabilities, net	$	(72,086)	$	(95,044)

At June 30, 2023 and 2022, the Company had U.S. Federal NOL carryforwards of approximately $63,559 and $79,890, respectively, certain of which will not expire until 2036. Certain of these federal loss carryforwards are subject to Internal Revenue Code Section 382, which imposes limitations on utilization following certain changes in ownership of the entity generating the loss carryforward. The Company had foreign NOL carryforwards of approximately $11,351 and $12,108 at June 30, 2023 and 2022, respectively, the majority of which are indefinite lived.

For the year ended June 30, 2023, the Company determined that $147,300 of foreign earnings are not permanently reinvested with a corresponding deferred tax liability of $1,989. The Company continues to reinvest $792,262 of undistributed earnings of its foreign subsidiaries and may be subject to additional foreign withholding taxes and U.S. state income taxes if it reverses its indefinite reinvestment assertion on these foreign earnings in the future. All other outside basis differences not related to earnings were impractical to account for at this period of time and are currently considered as being permanent in duration.

The Company evaluates the realizability of deferred tax assets on a jurisdictional basis at each reporting date. Accounting for income taxes requires that a valuation allowance be established when it is more likely than not that all or a portion of the deferred tax assets will not be realized. In circumstances where there is sufficient negative evidence indicating that the deferred tax assets are not more likely than not realizable, the Company establishes a valuation allowance. The Company recorded valuation allowances in the amounts of $52,551 and $36,891 at June 30, 2023 and 2022, respectively.

The changes in valuation allowances against deferred income tax assets were as follows:


	Fiscal Year Ended June 30,
	2023		2022
Balance at beginning of year	$	36,891	$	37,453
Additions charged to income tax expense	23,212		784
Reductions credited to income tax expense	(8,514)		(1,004)
THWR purchase accounting	291		1,743
Currency translation adjustments	671		(2,085)
Balance at end of year	$	52,551	$	36,891

Unrecognized tax benefits activity, including interest and penalties, is summarized below:


	Fiscal Year Ended June 30,
	2023		2022		2021
Balance at beginning of year	$	21,901	$	22,870	$	20,899
Additions based on tax positions related to the current year	1,519		273		343
Additions based on tax positions related to prior years	815		304		3,045
Reductions due to lapse in statute of limitations and settlements	(268)		(1,546)		(1,417)
Balance at end of year	$	23,967	$	21,901	$	22,870

As of June 30, 2023, the Company had $23,967 of unrecognized tax benefits, of which $20,155 represents an amount that, if recognized, would impact the effective tax rate in future periods. As of June 30, 2022, the Company had $21,901 of unrecognized tax benefits, of which $18,089 represents the amount that, if recognized, would impact the effective tax rate in future periods. As of June 30, 2021, the Company had $22,870 of unrecognized tax benefits of which $19,058 would impact the effective income tax rate in future periods. Accrued liabilities for interest and penalties were $3,768 and $2,952 at June 30, 2023 and 2022, respectively.

The Company and its subsidiaries file income tax returns in the U.S. Federal jurisdiction, various U.S. state jurisdictions and several foreign jurisdictions. With few exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years prior to fiscal 2014. However, to the extent we generated NOLs or tax credits in closed tax years, future use of the NOL or tax credit carryforward balance would be subject to examination within the relevant statute of limitations for the year in which utilized. The Company is no longer subject to tax examinations in the United Kingdom for years prior to fiscal 2021. Given the uncertainty regarding when tax authorities will complete their examinations and the possible outcomes of their examinations, a current estimate of the range of reasonably possible significant increases or decreases of income tax that may occur within the next twelve months cannot be made. Although there are various tax audits currently ongoing, the Company does not believe the ultimate outcome of such audits will have a material impact on the Company’s consolidated financial statements.

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

LEASES - Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
LEASES - Lease Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating lease expenses	$ 18,173	$ 15,911	$ 16,403
Finance lease expenses	227	251	391
Variable lease expenses	740	1,010	1,423
Short-term lease expenses	2,003	3,394	2,387
Total lease expenses	$ 21,143	$ 20,566	$ 20,604

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS (Tables)

12 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Non-Vested Restricted Stock and Restricted Share Unit Awards

A summary of the restricted stock activity (including all RSAs, RSUs and PSUs) for the last three fiscal years ended June 30 is as follows:


	2023		2022		2021
	Number of Shares and Units	Weighted Average Grant Date Fair Value (per share)	Number of Shares and Units	Weighted Average Grant Date Fair Value (per share)	Number of Shares and Units	Weighted Average Grant Date Fair Value (per share)

Non-vested - RSAs, RSUs and PSUs	790	$42.44	1,780	$16.55	2,050	$15.85
Granted	1,242	$20.34	873	$43.55	237	$36.13
Vested	(250)	$36.23	(1,583)	$15.61	(375)	$25.21
Forfeited	(494)	$31.92	(280)	$32.98	(132)	$17.18
Non-vested - RSAs, RSUs and PSUs	1,288	$26.37	790	$42.44	1,780	$16.55

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, for the last three fiscal years ended June 30 was as follows:


	Fiscal Year Ended June 30,
	2023		2022		2021
Fair value of restricted stock granted	$	25,258	$	38,005	$	8,551
Fair value of restricted stock vested	$	4,684	$	71,376	$	15,847
Tax benefit recognized from restricted stock vesting	$	631	$	3,658	$	1,597

Schedule of Average 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:


	2023
	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

Grant date fair values are calculated using a Monte

Carlo simulation model with weighted average grant date fair values per target share and related valuation assumptions as follows:


	2022
	Absolute TSR PSUs		Relative TSR PSUs
Grant date fair value (per target share)	$39.00		$60.09
Risk-free interest rate	0.89	%	0.89	%
Expected dividend yield	—		—
Expected volatility	36.93	%	24.46	%
Expected term	2.99 years		2.99 years

The weighted average grant date fair values per target share and related valuation assumptions were as follows:


	Fiscal Year ended June 30,
	2021	2020
Grant date fair value (per target share)	$32.13	$10.92
Risk-free interest rate	0.13%	1.54%
Expected dividend yield	—	—
Expected volatility	40.37%	36.28%
Expected term	1.17 years	1.85 years

The grant date fair value per target share and related valuation assumptions used in the Monte Carlo simulation to value this award were as follows:


Grant date fair value (per target share)	$21.63
Risk-free interest rate	2.99	%
Expected dividend yield	—
Expected volatility	35.17	%
Expected term	3.00 years

Share-based Payment Arrangement, Cost by Plan

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


	Fiscal Year Ended June 30,
	2023		2022		2021
Selling, general and administrative expense	$	14,423	$	15,611	$	15,659


Related income tax benefit	$	1,734	$	1,574	$	1,296

Schedule of Fair Value Assumptions

Grant date fair values were 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)	$	13.84		$	19.54
Risk-free interest rate	4.28		%	4.28		%
Expected dividend yield	—			—
Expected volatility	40.70		%	28.20		%
Expected term	3.00 years			3.00 years

INCOME TAXES - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Current:
Federal	$ 3,103	$ (197)	$ 2,243
State and local	953	179	1,735
Foreign	7,719	13,714	27,253
Current income tax expense	11,775	13,696	31,231
Deferred:
Federal	(23,551)	6,237	14,266
State and local	271	(463)	(10,064)
Foreign	(2,673)	3,246	5,660
Deferred income tax expense	(25,953)	9,020	9,862
Total	$ (14,178)	$ 22,716	$ 41,093

SEGMENT INFORMATION

12 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

SEGMENT INFORMATION

Our organizational structure consists of two geographic based reportable segments: North America and International. This structure is in line with how the Company’s Chief Operating Decision Maker (“CODM”) assesses the Company’s performance and allocates resources.

The Company historically used segment net sales and operating income to evaluate performance and to allocate resources. In connection with the appointment of its new CEO effective as of January 1, 2023, the Company undertook a series of actions to reassess its segments, including how performance is evaluated and how resources are allocated. As part of that review, during the fourth quarter of fiscal 2023, the Company determined there were two operating segments which are also the reportable segments. Furthermore, Adjusted EBITDA was determined to be a more appropriate measure of segment profitability for each reportable segment compared to operating income. The Company has concluded that segment net sales and segment Adjusted EBITDA are most relevant in order to analyze segment results and trends.

Segment Adjusted EBITDA excludes: (benefit) provision for income taxes, net interest expense, depreciation and amortization, equity in net loss of equity-method investees, stock-based compensation, net, unrealized currency losses (gains), certain litigation and related costs, CEO succession costs, plant closure related costs-net, productivity and transformation costs, warehouse and manufacturing consolidation and other costs, costs associated with acquisitions, divestitures and other transactions, gains on sales of assets, certain inventory write-downs in 2022 and 2021, intangibles and long-lived asset impairments and other adjustments. In addition, Segment Adjusted EBITDA does not include Corporate and Other expenses related to the Company’s centralized administrative functions, which do not specifically relate to a reportable segment. Such Corporate and Other expenses are comprised mainly of compensation and related expenses of certain of the Company’s senior executive officers and other employees who perform duties related to our entire enterprise, litigation expense and expenses for certain professional fees, facilities, and other items which benefit the Company as a whole.

The following tables set forth financial information about each of the Company’s reportable segments. Information about total assets by segment is not disclosed because such information is not reported to or used by the Company’s CODM for purposes of assessing segment performance or allocating resources. Transactions between reportable segments were insignificant for all periods presented.


	Fiscal Year Ended June 30,
	2023		2022		2021
Net Sales:
North America	$	1,139,162	$	1,163,132	$	1,104,128
International	657,481		728,661		866,174
	$	1,796,643	$	1,891,793	$	1,970,302

Adjusted EBITDA:
North America	$	123,443	$	122,235	$	162,045
International	82,945		110,073		133,882
Total Reportable Segments Adjusted EBITDA	206,388		232,308		295,927
Corporate and Other	(39,766)		(31,692)		(36,989)
	166,622		200,616		258,938
Impairment charges
Inventory write-down	—		351		421
Intangibles and long-lived asset impairment	(175,501)		(1,903)		(57,920)
Acquisitions, divestitures and other
Transaction and integration costs, net	(2,018)		(14,055)		(3,291)
Gain on sale of assets	3,529		9,049		4,900
Gain on sale of businesses	—		—		2,680
Restructuring activities
CEO succession	(5,113)		—		—
Plant closure related costs, net	(94)		(929)		(58)
Productivity and transformation costs	(7,284)		(8,803)		(12,572)
Warehouse/manufacturing consolidation and other costs, net	(1,026)		(2,721)		(11,374)
Litigation and related costs	1,369		(7,687)		(995)
Depreciation and amortization	(50,777)		(46,849)		(49,569)
Equity in net loss of equity-method investees	(1,134)		(2,902)		(1,591)
Interest expense, net	(43,936)		(10,226)		(5,880)
Benefit (provision) for income taxes	14,178		(22,716)		(41,093)
Stock-based compensation, net	(14,423)		(15,611)		(15,659)
Unrealized currency (losses) gains	(929)		2,259		(828)
Net (loss) income	$	(116,537)	$	77,873	$	66,109

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


	Fiscal Year Ended June 30,
	2023		2022		2021
United States	$	1,025,988	$	1,037,082	$	954,415
United Kingdom	477,400		500,949		607,674
Europe	180,080		227,712		258,501
All other	113,175		126,050		149,712
Total	$	1,796,643	$	1,891,793	$	1,970,302

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


	Fiscal Year Ended June 30,
	2023		2022
United States	$	162,798	$	182,038
United Kingdom	134,908		133,213
Europe	72,016		70,390
All other	22,497		26,455
Total	$	392,219	$	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
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

Summary of Components of Income Before Taxes and Equity in Earnings of Equity-Method Investments

The components of (loss) income from continuing operations before income taxes and equity in net loss of equity-method investees were as follows:


	Fiscal Year Ended June 30,
	2023		2022		2021
Domestic	$	(183,601)	$	24,541	$	60,215
Foreign	54,020		78,950		48,578
Total	$	(129,581)	$	103,491	$	108,793

Summary of the Provision for Income Taxes

The (benefit) provision for income taxes consisted of the following:


	Fiscal Year Ended June 30,
	2023		2022		2021
Current:
Federal	$	3,103	$	(197)	$	2,243
State and local	953		179		1,735
Foreign	7,719		13,714		27,253
	11,775		13,696		31,231
Deferred:
Federal	(23,551)		6,237		14,266
State and local	271		(463)		(10,064)
Foreign	(2,673)		3,246		5,660
	(25,953)		9,020		9,862
Total	$	(14,178)	$	22,716	$	41,093

Reconciliation of Expected Income Taxes to Actual

The reconciliation of the U.S. federal statutory rate to the Company’s effective rate on (loss) income before (benefit) provision for income taxes is as follows:


	Fiscal Year Ended June 30,
	2023		%		2022		%		2021		%
Expected United States federal income tax at statutory rate	$	(27,233)	21.0	%	$	21,733	21.0	%	$	22,847	21.0	%
State income taxes, net of federal (benefit) provision	(4,866)		3.8	%	1,227		1.2	%	1,150		1.1	%


Foreign income at different rates	(905)		0.7	%	(576)		(0.6)	%	4,756		4.4	%
Impairment of intangible assets	—		—	%	—		—	%	13,466		12.4	%
Change in valuation allowance	14,935		(11.5)	%	(220)		(0.2)	%	(5,921)		(5.4)	%

Change in reserves for uncertain tax positions	637		(0.5)	%	(997)		(1.0)	%	1,971		1.8	%
Change in foreign tax rate	—		—	%	(341)		(0.3)	%	1,840		1.7	%
Loss on disposal of subsidiary			—	%			—	%	1,073		1.0	%


U.S. tax (benefit) on foreign earnings	1,946		(1.5)	%	2,404		2.3	%	(50)		(0.1)	%

CARES Act			—	%			—	%	(1,116)		(1.0)	%
Other	1,308		(1.1)	%	(514)		(0.4)	%	1,077		1.0	%
(Benefit) provision for income taxes	$	(14,178)	10.9	%	$	22,716	21.9	%	$	41,093	37.8	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities consisted of the following:


	Fiscal Year Ended June 30,
	2023		2022

Noncurrent deferred tax assets (liabilities):
Basis difference on inventory	$	5,130	$	6,395
Reserves not currently deductible	11,045		11,675
Basis difference on intangible assets	(73,635)		(119,109)
Basis difference on property and equipment	(20,255)		(15,049)
Other comprehensive income	(3,498)		(726)
Net operating loss and tax credit carryforwards	50,807		50,077
Stock-based compensation	1,937		1,516
Unremitted earnings of foreign subsidiaries	(1,989)		(2,232)
Operating lease liability	20,203		25,423
Lease ROU assets	(19,113)		(23,905)
Other	9,833		7,782
Valuation allowances	(52,551)		(36,891)
Noncurrent deferred tax liabilities, net	$	(72,086)	$	(95,044)

Summary of Changes in Valuation Allowances

The changes in valuation allowances against deferred income tax assets were as follows:


	Fiscal Year Ended June 30,
	2023		2022
Balance at beginning of year	$	36,891	$	37,453
Additions charged to income tax expense	23,212		784
Reductions credited to income tax expense	(8,514)		(1,004)
THWR purchase accounting	291		1,743
Currency translation adjustments	671		(2,085)
Balance at end of year	$	52,551	$	36,891

Schedule of Unrecognized Tax Benefits, Including Interest and Penalties Activity

Unrecognized tax benefits activity, including interest and penalties, is summarized below:


	Fiscal Year Ended June 30,
	2023		2022		2021
Balance at beginning of year	$	21,901	$	22,870	$	20,899
Additions based on tax positions related to the current year	1,519		273		343
Additions based on tax positions related to prior years	815		304		3,045
Reductions due to lapse in statute of limitations and settlements	(268)		(1,546)		(1,417)
Balance at end of year	$	23,967	$	21,901	$	22,870

PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

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


	Fiscal Year Ended June 30,
	2023		2022

Land	$	11,453	$	11,216
Buildings and improvements	55,354		51,849
Machinery and equipment	335,912		296,398
Computer hardware and software	54,192		65,680
Furniture and fixtures	20,722		23,522
Leasehold improvements	49,394		54,999
Construction in progress	10,816		27,200
	537,843		530,864
Less: Accumulated depreciation and impairment	241,518		233,459
	$	296,325	$	297,405

Depreciation expense for the fiscal years ended June 30, 2023, 2022 and 2021 was $35,893, $31,235 and $34,291, respectively.

During fiscal year 2023, the Company recognized a non-cash impairment charge of $584 relating to a facility in the United States that is held for sale. The facility had a net carrying value of $1,250 and $1,840 as of June 30, 2023 and June 30, 2022, respectively.

During fiscal year 2022, the Company completed the sale of undeveloped land plots in Boulder, Colorado in the United States for total cash proceeds of $10,005, net of brokerage and other fees, resulting in a gain in the amount of $8,656, which is included as a component of other (income) expense, net on the Consolidated Statement of Operations. The Company also recognized a non-cash impairment charge of $303 during the fiscal year ended June 30, 2022 relating to a facility in the United Kingdom.

STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Jun. 30, 2023

Equity [Abstract]

Summary of Changes in Accumulated Other Comprehensive Income (Loss)

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



	Foreign Currency Translation Adjustment, Net		Deferred Gains on Cash Flow Hedging Instruments, Net		Deferred (Losses) Gains on Fair Value Hedging Instruments, Net		Deferred (Losses) Gains on Net Investment Hedging Instruments, Net		Total




Balance at June 30, 2020	$	(167,763)	$	(761)	$	—	$	(2,865)	$	(171,392)
Other comprehensive income (loss) before reclassifications	85,581		(810)		—		(3,359)		81,412
Amounts reclassified into income	16,073		1,290		—		(394)		16,969
Net change in accumulated other comprehensive income (loss) for the fiscal year ended June 30, 2021(1)	101,654		480		—		(3,753)		98,381
Balance at June 30, 2021	(66,109)		(281)		—		(6,618)		(73,011)
Other comprehensive (loss) income before reclassifications	(102,113)		3,511		559		9,954		(88,089)
Amounts reclassified into income	—		(2,711)		(59)		(612)		(3,382)
Net change in accumulated other comprehensive income (loss) for the fiscal year ended June 30, 2022(1)	(102,113)		800		500		9,342		(91,471)
Balance at June 30, 2022	(168,222)		519		500		2,724		(164,482)
Other comprehensive income (loss) before reclassifications	30,197		15,390		(249)		(1,022)		44,316
Amounts reclassified into income	—		(5,011)		434		(1,473)		(6,050)
Net change in accumulated other comprehensive income (loss) for the fiscal year ended June 30, 2023(1)	30,197		10,379		185		(2,495)		38,266
Balance at June 30, 2023	$	(138,025)	$	10,898	$	685	$	229	$	(126,216)

(1)See Note 16, Derivatives and Hedging Activities, for the amounts reclassified into income for deferred gains (losses) on hedging instruments recorded in the Consolidated Statements of Operations during the fiscal years ended June 30, 2023, 2022, and 2021.

DERIVATIVES AND HEDGING ACTIVITIES - Pre-Tax Effect of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income	$ (116,537)	$ 77,873	$ 77,364
Change in deferred gains on cash flow hedging instruments	(310)	708	0
Interest and other financing expense, net	1,822	11,380	10,067
Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains/(losses) on fair value hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest and other financing expense, net	489	75	0
Interest rate swap \| Cost of sales \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains (losses) on cash flow hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income	0	0
Interest rate swap \| Interest and other financing expense, net \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains (losses) on cash flow hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income	6,918	27
Interest rate swap \| Other operating income (expense) \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains (losses) on cash flow hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income	0	0
Cross-currency swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Change in deferred gains on cash flow hedging instruments	(310)	708	0
Cross-currency swap \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains/(losses) on fair value hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest and other financing expense, net	489	75	$ 0
Cross-currency swap \| Cost of sales \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains (losses) on cash flow hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income		0
Cross-currency swap \| Cost of sales \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains/(losses) on fair value hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income	0	0
Cross-currency swap \| Interest and other financing expense, net \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains (losses) on cash flow hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income	(275)	78
Cross-currency swap \| Interest and other financing expense, net \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains/(losses) on fair value hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income	$ (557)	75
Cross-currency swap \| Other operating income (expense) \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains (losses) on cash flow hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income		3,218
Cross-currency swap \| Other operating income (expense) \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains/(losses) on fair value hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income		122
Foreign currency forward contracts \| Cost of sales \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains (losses) on cash flow hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income		108
Foreign currency forward contracts \| Interest and other financing expense, net \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains (losses) on cash flow hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income		0
Foreign currency forward contracts \| Other operating income (expense) \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains (losses) on cash flow hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income		$ 0

ACQUISITION AND DISPOSITIONS (Tables)

12 Months Ended

Jun. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Pro Forma Information



	Unaudited supplemental pro forma information
	Fiscal Year Ended June 30,
	2022		2021
Net sales	$	1,954,564	$	2,065,957
Net income from continuing operations(1)	$	84,913	$	68,142
Diluted net (loss) income per common share from continuing operations	$	0.91	$	0.67

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ (116,537)	$ 77,873	$ 77,364
Net income from discontinued operations, net of tax	0	0	11,255
Net (loss) income from continuing operations	(116,537)	77,873	66,109
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	50,777	46,849	49,569
Deferred income taxes	(25,953)	9,020	9,884
Equity in net loss of equity-method investees	1,134	2,902	1,591
Stock-based compensation, net	14,423	15,611	15,659
Intangibles and long-lived asset impairment	175,501	1,903	57,920
Gain on sale of assets	(3,529)	(8,588)	(4,900)
Gain on sale of businesses	0	0	(2,680)
Other non-cash items, net	(1,271)	(1,608)	429
Increase (decrease) in cash attributable to changes in operating assets and liabilities:
Accounts receivable	13,067	(5,347)	(2,890)
Inventories	189	(25,272)	(38,522)
Other current assets	(2,831)	(10,459)	55,172
Other assets and liabilities	2,546	(2,704)	(220)
Accounts payable and accrued expenses	(40,697)	(19,939)	(10,362)
Net cash provided by operating activities	66,819	80,241	196,759
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment	(27,879)	(39,965)	(71,553)
Acquisitions of businesses, net of cash acquired	0	(259,985)	0
Investments and joint ventures, net	433	(694)	(813)
Proceeds from sale of assets	7,806	12,335	10,395
Proceeds from sale of businesses, net and other	0	0	59,607
Net cash used in investing activities	(19,640)	(288,309)	(2,364)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings under bank revolving credit facility	328,000	759,000	241,000
Repayments under bank revolving credit facility	(380,000)	(396,000)	(291,000)
Borrowings under term loan	0	300,000	0
Repayments under term loan	(7,500)	(3,750)	0
Payments of other debt, net	(2,145)	(3,320)	(2,094)
Share repurchases	0	(410,480)	(106,067)
Employee shares withheld for taxes	(1,415)	(32,663)	(4,282)
Net cash (used in) provided by financing activities	(63,060)	212,787	(162,443)
Effect of exchange rate changes on cash	3,733	(15,078)	6,148
Net (decrease) increase in cash and cash equivalents	(12,148)	(10,359)	38,100
Cash and cash equivalents at beginning of year	65,512	75,871	37,771
Cash and cash equivalents at end of year	$ 53,364	$ 65,512	$ 75,871

STOCKHOLDERS' EQUITY

12 Months Ended

Jun. 30, 2023

Equity [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

Preferred Stock

The Company is authorized to issue “blank check” preferred stock of up to 5,000 shares with such designations, rights and preferences as may be determined from time to time by the Board of Directors. Accordingly, the Board of Directors is empowered to issue, without stockholder approval, preferred stock with dividends, liquidation, conversion, voting or other rights which could decrease the amount of earnings and assets available for distribution to holders of the Company’s common stock. At June 30, 2023 and 2022, no preferred stock was issued or outstanding.

Accumulated Other Comprehensive Loss

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



	Foreign Currency Translation Adjustment, Net		Deferred Gains on Cash Flow Hedging Instruments, Net		Deferred (Losses) Gains on Fair Value Hedging Instruments, Net		Deferred (Losses) Gains on Net Investment Hedging Instruments, Net		Total




Balance at June 30, 2020	$	(167,763)	$	(761)	$	—	$	(2,865)	$	(171,392)
Other comprehensive income (loss) before reclassifications	85,581		(810)		—		(3,359)		81,412
Amounts reclassified into income	16,073		1,290		—		(394)		16,969
Net change in accumulated other comprehensive income (loss) for the fiscal year ended June 30, 2021(1)	101,654		480		—		(3,753)		98,381
Balance at June 30, 2021	(66,109)		(281)		—		(6,618)		(73,011)
Other comprehensive (loss) income before reclassifications	(102,113)		3,511		559		9,954		(88,089)
Amounts reclassified into income	—		(2,711)		(59)		(612)		(3,382)
Net change in accumulated other comprehensive income (loss) for the fiscal year ended June 30, 2022(1)	(102,113)		800		500		9,342		(91,471)
Balance at June 30, 2022	(168,222)		519		500		2,724		(164,482)
Other comprehensive income (loss) before reclassifications	30,197		15,390		(249)		(1,022)		44,316
Amounts reclassified into income	—		(5,011)		434		(1,473)		(6,050)
Net change in accumulated other comprehensive income (loss) for the fiscal year ended June 30, 2023(1)	30,197		10,379		185		(2,495)		38,266
Balance at June 30, 2023	$	(138,025)	$	10,898	$	685	$	229	$	(126,216)

Share Repurchase Program

In January 2022, the Company’s Board of Directors 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 2022 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 fiscal year ended June 30, 2023, the Company did not repurchase any shares under the repurchase program. As of June 30, 2023, the Company had $173,514 of remaining authorization under the share repurchase program. During the fiscal year ended June 30, 2022, the Company repurchased 10,626 shares under the repurchase program for a total of $408,886 excluding commissions, at an average price of $38.48 per share. Repurchases made during the fiscal year ended June 30, 2022, were made under a previous Board authorization.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Section 50
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-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

(LOSS) EARNINGS PER SHARE (Tables)

12 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net (Loss) Income Per Share

The following table sets forth the computation of basic and diluted net (loss) income per share on the Consolidated Statements of Operations:


	Fiscal Year Ended June 30,
	2023		2022		2021
Numerator:
Net (loss) income from continuing operations	$	(116,537)	$	77,873	$	66,109
Net income from discontinued operations, net of tax	—		—		11,255
Net (loss) income	$	(116,537)	$	77,873	$	77,364

Denominator:
Basic weighted average shares outstanding	89,396		92,989		100,235
Effect of dilutive stock options, unvested restricted stock and unvested restricted share units	—		356		1,087
Diluted weighted average shares outstanding	89,396		93,345		101,322

Basic net (loss) income per common share:
Continuing operations	$	(1.30)	$	0.84	$	0.66
Discontinued operations	—		—		0.11
Basic net (loss) income per common share	$	(1.30)	$	0.84	$	0.77

Diluted net (loss) income per common share:
Continuing operations	$	(1.30)	$	0.83	$	0.65
Discontinued operations	—		—		0.11
Diluted net (loss) income per common share	$	(1.30)	$	0.83	$	0.76

LEASES - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Operating leases
2024	$ 15,087
2025	12,939
2026	12,221
2027	11,897
2028	11,960
Thereafter	66,118
Total lease payments	130,222
Less: Imputed interest	29,719
Total lease liabilities	100,503
Finance leases
2024	74
2025	101
2026	76
2027	59
2028	25
Thereafter	0
Total lease payments	335
Less: Imputed interest	30
Total lease liabilities	305	$ 427
Total
2024	15,161
2025	13,040
2026	12,297
2027	11,956
2028	11,985
Thereafter	66,118
Total lease payments	130,557
Less: Imputed interest	29,749
Total lease liabilities	$ 100,808	$ 121,062

FAIR VALUE MEASUREMENTS - Narrative (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)
Business Acquisition [Line Items]
Indefinite-lived intangible assets fair value	$ 9,318	$ 9,318
That's How We Roll \| Significant unobservable inputs (Level 3)
Business Acquisition [Line Items]
Intangible assets fair value	32,389	32,389
Imagine
Business Acquisition [Line Items]
Impairment charge	4,767
Joya
Business Acquisition [Line Items]
Impairment charge	4,691
Queen Helene
Business Acquisition [Line Items]
Impairment charge	$ 9,150
ParmCrisps
Business Acquisition [Line Items]
Impairment charge		102,000
Thinsters
Business Acquisition [Line Items]
Impairment charge		$ 8,500

DEBT AND BORROWINGS

12 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

DEBT AND BORROWINGS

Debt and borrowings consisted of the following:


	Fiscal Year Ended June 30,
	2023		2022

Revolving credit facility	$	541,000	$	593,000
Term loans	288,750		296,250
Less: Unamortized issuance costs	(1,307)		(1,105)
Other borrowings(1)	305		498
	828,748		888,643
Short-term borrowings and current portion of long-term debt(2)	7,567		7,705
Long-term debt, less current portion	$	821,181	$	880,938

(1) Includes $305 (2022: $427) of finance lease obligations as discussed in Note 7, Leases.

(2) Includes $83 (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 $1,100.0 million in the aggregate, consisting of (1) $300.0 million in aggregate principal amount of term loans (the “Term Loans”) and (2) an $800.0 million senior secured revolving credit facility (which includes borrowing capacity available for letters of credit, and is comprised of a $440.0 million U.S. revolving credit facility and $360.0 million 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. Prior to the Company entering into the Second Amendment (as defined below), the minimum consolidated interest coverage ratio was 2.75:1.00. The maximum consolidated leverage ratio is 6.00:1.00. Prior to the Company entering into the Second Amendment, the maximum consolidated secured leverage ratio was 5.00:1.00 through December 31, 2023 or such earlier date as elected by the Company (the “First Amendment Period”). Following the First Amendment Period, the maximum consolidated secured leverage ratio would have been 4.25:1.00, subject to possible temporary increase following certain corporate acquisitions.

During the First Amendment Period, loans under the Credit Agreement bore 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 First Amendment Period, loans would have borne 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 —% to 0.750% per annum, the relevant rate in each case being the Applicable Rate. The Applicable Rate following the First Amendment Period would 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 June 30, 2023 was 5.94%. 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 June 30, 2023, there were $541,000 of loans under the Revolver, $288,750 of Term Loans, and $4,468 of letters of credit outstanding under the Credit Agreement. As of June 30, 2023 and June 30, 2022, $254,532 and $203,981, respectively, was available under the Credit Agreement, subject to compliance with the financial covenants. As of June 30, 2023, the Company was in compliance with all associated covenants.

On August 22, 2023, the Company entered into a Second Amendment (the “Second Amendment”) to the Credit Agreement.

Pursuant to the Second Amendment, the Company’s maximum consolidated secured leverage ratio was amended to be 5.00:1.00 until September 30, 2023, 5.25:1.00 until December 31, 2023 and 5.00:1.00 until December 31, 2024 (the period of time during which such maximum consolidated secured leverage ratios are in effect, the “Second Amendment Period,” which the Company may elect to end early). Following the Second Amendment Period, the maximum consolidated secured leverage

ratio will be 4.25:1.00, subject to possible temporary increase following certain corporate acquisitions. Pursuant to the Second Amendment, the Company’s minimum interest coverage ratio was amended to be 2.50:1.00.

During the Second Amendment Period, loans under the Credit Agreement will bear interest at (a) Term SOFR plus 2.5% per annum or (b) the Base Rate plus 1.5% per annum. Following the Second Amendment Period, Loans will bear interest at rates based on (a) Term SOFR plus a rate ranging from 1.125% to 2.0% per annum or (b) the Base Rate plus a rate ranging from 0.125% to 1.0% per annum, the relevant rate in each case being the Applicable Rate. The Applicable Rate following the Second Amendment Period will be determined in accordance with a leverage-based pricing grid, as set forth in the Credit Agreement as amended by the Second Amendment.

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 June 30, 2023, are as follows:


Due in Fiscal Year	Amount
2024	$	7,207
2025	7,215
2026	7,192
2027	807,134


Total debt and borrowings	$	828,748

Interest paid during the fiscal years ended June 30, 2023, 2022 and 2021 amounted to $41,698, $9,926 and $5,903, respectively.

- 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://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 30, 2023
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 since further extended the temporary stay through September 5, 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. On May 9, 2023, upon consent of the parties, the Court stayed this action pending the Second Circuit’s decision on appeal in In re Beech-Nut Nutrition Co. Baby Food Litigation, 21 Civ. 133 (N.D.N.Y.). Accordingly, the Court denied the Company’s motion to dismiss without prejudice to renew. 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 seven 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 v. The Hain Celestial Group, Inc., a jury trial commenced on February 6, 2023 in the United States District Court for the Southern District of Texas. The Company moved for Directed Verdict at the close of Plaintiffs’ case. The Court granted the Company’s motion, finding no liability for the Company. The Court entered Final Judgment in the Company's favor on March 3, 2023. On April 3, 2023, Plaintiffs filed their Notice of Appeal in the Fifth Circuit. Plaintiffs filed their appellate brief on July 12, 2023. It is expected that the matter will be fully briefed this fall. No argument date has been set. •In the matter NC v. The Hain Celestial Group, et al., pending in the Superior Court for the State of California, County of Los Angeles, discovery has closed and the Court has set a trial date of October 4, 2023. The Court will hear arguments on the parties’ expert and dispositive motions in August and September. •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 for trial starting on July 29, 2024. The parties have engaged in limited discovery. 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 April 29, 2024. On June 30, 2023, Plaintiffs filed a Motion to Remand the case to Louisiana state court. Defendants filed their Opposition on July 18, 2023. The Motion was heard on August 17, 2023, and the parties await a decision. The parties are currently engaging in discovery. •On January 9, 2023, Plaintiffs in P.A. v. Hain Celestial Group, Inc., et al. filed their First Amended Complaint in the Circuit Court of the First Circuit, State of Hawai’i. On March 8, 2023, the Company filed its Answer to Plaintiff’s First Amended Complaint. The case is set for trial starting on January 23, 2025. •On February 3, 2023, Plaintiff in Pourdanesh v. Hain Celestial Group, Inc. et al. filed his Complaint in the Superior Court for the State of California, County of Los Angeles. Plaintiff filed an Amended Complaint on June 16, 2023. Defendants filed a Demurrer to the Amended Complaint on July 17, 2023, which will be heard for argument on September 1, 2023. The parties have a status conference on September 1, 2023 and discovery is stayed until further notice. Additionally, on July 25, 2023, Plaintiffs in DMP v. Beech-Nut Nutrition Company, Inc. et al., currently pending in the United States District Court for the District of Nevada, filed a Motion for Leave to Amend the Complaint. In their Motion, Plaintiffs seek to add the Company as a defendant, among other changes. 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.

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Net sales	$ 1,796,643	$ 1,891,793	$ 1,970,302
Cost of sales	1,400,229	1,464,352	1,478,687
Gross profit	396,414	427,441	491,615
Selling, general and administrative expenses	289,233	300,469	301,776
Intangibles and long-lived asset impairment	175,501	1,903	57,920
Amortization of acquired intangible assets	10,016	10,214	8,931
Productivity and transformation costs	7,284	10,174	15,608
Operating (loss) income	(85,620)	104,681	107,380
Interest and other financing expense, net	45,783	12,570	8,654
Other income, net	(1,822)	(11,380)	(10,067)
(Loss) income from continuing operations before income taxes and equity in net loss of equity-method investees	(129,581)	103,491	108,793
(Benefit) provision for income taxes	(14,178)	22,716	41,093
Equity in net loss of equity-method investees	1,134	2,902	1,591
Net (loss) income from continuing operations	(116,537)	77,873	66,109
Net income from discontinued operations, net of tax	0	0	11,255
Net (loss) income	$ (116,537)	$ 77,873	$ 77,364
Net (loss) income per common share:
Basic net (loss) income per common share from continuing operations (USD per share)	$ (1.30)	$ 0.84	$ 0.66
Basic net income per common share from discontinued operations (USD per share)	0	0	0.11
Basic net (loss) income per common share (USD per share)	(1.30)	0.84	0.77
Diluted net (loss) income per common share from continuing operations (USD per share)	(1.30)	0.83	0.65
Diluted net income per common share from discontinued operations (USD per share)	0	0	0.11
Diluted net (loss) income per common share (USD per share)	$ (1.30)	$ 0.83	$ 0.76
Shares used in the calculation of net (loss) income per common share:
Basic (shares)	89,396	92,989	100,235
Diluted (shares)	89,396	93,345	101,322

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS (Weighted Average Assumptions Long-Term Incentive Program) (Details) - $ / shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
PSUs \| 2019-2021 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value (per target share)	$ 32.13	$ 10.92
Risk-free interest rate	0.13%	1.54%
Expected dividend yield	0.00%	0.00%
Expected volatility	40.37%	36.28%
Expected term	1 year 2 months 1 day	1 year 10 months 6 days
Relative TSR Performance Shares \| 2023-2025 LTIP
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
Relative TSR Performance Shares \| 2022-2024 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value (per target share)		$ 60.09
Risk-free interest rate		0.89%
Expected dividend yield		0.00%
Expected volatility		24.46%
Expected term		2 years 11 months 26 days
Absolute TSR Performance Shares \| 2023-2025 LTIP
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
Absolute TSR Performance Shares \| 2022-2024 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value (per target share)		$ 39.00
Risk-free interest rate		0.89%
Expected dividend yield		0.00%
Expected volatility		36.93%
Expected term		2 years 11 months 26 days

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]

- Definition

Indicates amendment to accounting standards.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 50
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147477123/405-50-65-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 13
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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+ Details

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Assets	$ 2,258,639	$ 2,258,639	$ 2,458,384
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]		Intangibles and long-lived asset impairment
Net amortized intangible assets	$ 47,245	$ 47,245	$ 98,067
Weighted average remaining amortization period (in years)	8 years 8 months 12 days	8 years 8 months 12 days
ParmCrisps
Segment Reporting Information [Line Items]
Impairment charge		$ 102,000
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]		Intangibles and long-lived asset impairment
Thinsters
Segment Reporting Information [Line Items]
Impairment charge		$ 8,500
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]		Intangibles and long-lived asset impairment
Minimum
Segment Reporting Information [Line Items]
Finite-lived intangible asset, useful life (in years)	7 years	7 years
Maximum
Segment Reporting Information [Line Items]
Finite-lived intangible asset, useful life (in years)	25 years	25 years
North America \| ParmCrisps
Segment Reporting Information [Line Items]
Trademarks and trade names	$ 8,000	$ 8,000
Net amortized intangible assets	20,704	20,704
North America \| Thinsters
Segment Reporting Information [Line Items]
Trademarks and trade names	4,500	4,500
Net amortized intangible assets	42,197	42,197
Imagine
Segment Reporting Information [Line Items]
Impairment charge	4,767
Joya
Segment Reporting Information [Line Items]
Impairment charge	4,691
Joya \| International
Segment Reporting Information [Line Items]
Trademarks and trade names	6,218	6,218
Queen Helene
Segment Reporting Information [Line Items]
Impairment charge	9,150
Imagine And Queen Helene \| North America
Segment Reporting Information [Line Items]
Trademarks and trade names	$ 3,100	$ 3,100
Other Intangible Assets \| ParmCrisps
Segment Reporting Information [Line Items]
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]		Intangibles and long-lived asset impairment
Non-cash impairment charge		$ 45,798

DERIVATIVES AND HEDGING ACTIVITIES - Net Investment Hedges and Accumulated other Comprehensive Loss (Details) - Net Investment Hedging - Cross-currency swap - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of (Loss) Gain Recognized in AOCL on Derivatives	$ (1,279)	$ 12,599	$ (4,251)
Interest and other financing expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Recognized in Income on Derivatives (Amount Excluded from Effectiveness Testing)	$ 1,963	$ 772	$ 498

DERIVATIVES AND HEDGING ACTIVITIES

12 Months Ended

Jun. 30, 2023

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 fiscal 2023 and 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 fiscal 2024, the Company estimates that an additional $8,717 will be reclassified as a decrease to interest expense.

As of June 30, 2023, 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	4	$400,000

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 fiscal 2024, the Company estimates that no amount relating to cross-currency swaps will be reclassified to interest expense. As of June 30, 2023, the Company had no outstanding foreign currency derivatives that were used to hedge its foreign exchange risks.

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 AOCL as part of the cumulative translation adjustment. Amounts are reclassified out of AOCL into earnings when the hedged net investment is either sold or substantially liquidated.

As of June 30, 2023, 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 fiscal 2024, the Company estimates that an additional $476 relating to cross-currency swaps will be reclassified as a decrease to interest expense.

As of June 30, 2023, 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 June 30, 2023, 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
	Fiscal Year Ended June 30,				Fiscal Year Ended June 30,
	2023		2022		2023		2022
Intercompany loan receivable	$	26,945	$	25,899	$	924	$	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 June 30, 2023:


	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	$	8,649	Accrued expenses and other current liabilities	$	—
Interest rate swaps	Other noncurrent assets	5,974		Other noncurrent liabilities	—
Cross-currency swaps	Prepaid expenses and other current assets	2,365		Accrued expenses and other current liabilities	—
Cross-currency swaps	Other noncurrent assets	—		Other noncurrent liabilities	3,160
Total derivatives designated as hedging instruments		$	16,988		$	3,160

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 as of June 30, 2023, 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)	Location of Gain (Loss) Reclassified from AOCL into Income (Expense)
	Fiscal Year Ended June 30,							Fiscal Year Ended June 30,
	2023		2022		2021			2023		2022		2021
Interest rate swaps	$	20,413	$	1,341	$	279	Interest and other financing expense, net	$	6,918	$	27	$	(308)
Cross-currency swaps	—		3,129		(1,366)		Interest and other financing expense, net / Other expense (income), net	(275)		3,296		(1,398)
Foreign currency forward contracts	80		(93)		(78)		Cost of sales	—		108		(67)
Total	$	20,493	$	4,377	$	(1,165)		$	6,643	$	3,431	$	(1,773)


				Location and Amount of Gain (Loss) Recognized in the Consolidated Statements of Operations on Cash Flow Hedging Relationships
				Fiscal Year Ended June 30, 2023						Fiscal Year Ended June 30, 2022
				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 reclassified from AOCL into income	$	—	$	6,918	$	—	$	—	$	27	$	—

		Cross-currency swaps
			Amount of (loss) gain reclassified from AOCL into (expense) income	$	—	$	(275)	$	—	$	—	$	78	$	3,218

		Foreign currency forward contracts
			Amount of gain reclassified from AOCL into income	$	—	$	—	$	—	$	108	$	—	$	—

The following table presents the pre-tax effect of fair value hedge accounting on AOCL as of June 30, 2023, 2022 and 2021:


Derivatives in Fair Value Hedging Relationships	Amount of (Loss) 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)
	Fiscal Year Ended June 30,							Fiscal Year Ended June 30,
	2023		2022		2021			2023		2022		2021
Cross-currency swaps	$	(310)	$	708	$	—	Interest and other financing expense, net	$	489	$	75	$	—
Total	$	(310)	$	708	$	—		$	489	$	75	$	—


				Location and Amount of (Loss) Gain Recognized in the Consolidated Statements of Operations on Fair Value Hedging Relationships
				Fiscal Year Ended June 30, 2023						Fiscal Year Ended June 30, 2022
				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 on fair value hedging relationships

		Cross-currency swaps
			Amount of (loss) gain reclassified from AOCL into (expense) income	$	—	$	(557)	$	—	$	—	$	75	$	122


Derivatives in Net Investment Hedging Relationships	Amount of (Loss) Gain Recognized in AOCL on Derivatives						Location of Gain Recognized in Income on Derivatives (Amount Excluded from Effectiveness Testing)	Amount of Gain Recognized in Income on Derivatives (Amount Excluded from Effectiveness Testing)
	Fiscal Year Ended June 30,							Fiscal Year Ended June 30,
	2023		2022		2021			2023		2022		2021
Cross-currency swaps	$	(1,279)	$	12,599	$	(4,251)	Interest and other financing expense, net	$	1,963	$	772	$	498

Credit-Risk-Related Contingent Features

The Company has agreements with each of its derivative counterparties that contain a cross-default provision upon certain defaults by the Company on any of its indebtedness.

DEBT AND BORROWINGS - Components of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Line of Credit Facility [Line Items]
Less: Unamortized issuance costs	$ (1,307)	$ (1,105)
Other borrowings	305	498
Long-term debt	828,748	888,643
Short-term borrowings and current portion of long-term debt	7,567	7,705
Long-term debt, less current portion	821,181	880,938
Finance lease liability	305	427
Current finance lease liability	83	149
Fourth Amended and Restated Credit Agreement \| Term loans
Line of Credit Facility [Line Items]
Line of credit	288,750	296,250
Fourth Amended and Restated Credit Agreement \| Revolving credit facility
Line of Credit Facility [Line Items]
Line of credit	$ 541,000	$ 593,000

COVER - USD ($)	12 Months Ended
COVER - USD ($)	Jun. 30, 2023	Aug. 17, 2023	Dec. 31, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 30, 2023
Current Fiscal Year End Date	--06-30
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	4600 Sleepytime Drive
Entity Address, City or Town	Boulder
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80301
City Area Code	516
Local Phone Number	587-5000
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	HAIN
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 1,438,471,639
Entity Common Stock, Shares Outstanding		89,473,831
Documents Incorporated by Reference	Portions of The Hain Celestial Group, Inc. Definitive Proxy Statement for the 2023 Annual Meeting of Stockholders are incorporated by reference into Part III of this Annual Report on Form 10-K.
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Central Index Key	0000910406

INCOME TAXES - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Basis difference on inventory	$ 5,130	$ 6,395
Reserves not currently deductible	11,045	11,675
Basis difference on intangible assets	(73,635)	(119,109)
Basis difference on property and equipment	(20,255)	(15,049)
Other comprehensive income	(3,498)	(726)
Net operating loss and tax credit carryforwards	50,807	50,077
Stock-based compensation	1,937	1,516
Unremitted earnings of foreign subsidiaries	(1,989)	(2,232)
Operating lease liability	20,203	25,423
Lease ROU assets	(19,113)	(23,905)
Other	9,833	7,782
Valuation allowances	(52,551)	(36,891)	$ (37,453)
Noncurrent deferred tax liabilities, net	$ (72,086)	$ (95,044)

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Current assets:
Cash and cash equivalents	$ 53,364	$ 65,512
Accounts receivable, less allowance for doubtful accounts of $2,750 and $1,731, respectively	160,948	170,661
Inventories	310,341	308,034
Prepaid expenses and other current assets	65,128	54,079
Assets held for sale	1,250	1,840
Total current assets	591,031	600,126
Property, plant and equipment, net	296,325	297,405
Goodwill	938,640	933,796
Trademarks and other intangible assets, net	298,105	477,533
Investments and joint ventures	12,798	14,456
Operating lease right-of-use assets, net	95,894	114,691
Other assets	25,846	20,377
Total assets	2,258,639	2,458,384
Current liabilities:
Accounts payable	134,780	174,765
Accrued expenses and other current liabilities	88,520	86,833
Current portion of long-term debt	7,567	7,705
Total current liabilities	230,867	269,303
Long-term debt, less current portion	821,181	880,938
Deferred income taxes	72,086	95,044
Operating lease liabilities, noncurrent portion	90,014	107,481
Other noncurrent liabilities	26,584	22,450
Total liabilities	1,240,732	1,375,216
Commitments and contingencies (Note 17)
Stockholders’ equity:
Preferred stock - $.01 par value, authorized 5,000 shares; issued and outstanding: none	0	0
Common stock - $.01 par value, authorized 150,000 shares; issued: 111,339 and 111,090 shares, respectively; outstanding: 89,475 and 89,302 shares, respectively	1,113	1,111
Additional paid-in capital	1,217,549	1,203,126
Retained earnings	652,561	769,098
Accumulated other comprehensive loss	(126,216)	(164,482)
Total stockholders' equity including treasury stock	1,745,007	1,808,853
Less: Treasury stock, at cost, 21,864 and 21,788 shares, respectively	(727,100)	(725,685)
Total stockholders’ equity	1,017,907	1,083,168
Total liabilities and stockholders’ equity	$ 2,258,639	$ 2,458,384

FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Assets:
Derivative financial instruments	$ 16,988	$ 7,476
Equity investment		560
Assets total		8,036
Liabilities:
Derivative financial instruments	3,160	3,184
Total		3,184
Quoted prices in active markets (Level 1)
Assets:
Derivative financial instruments	0	0
Equity investment		560
Assets total		560
Liabilities:
Derivative financial instruments	0	0
Total		0
Significant other observable inputs (Level 2)
Assets:
Derivative financial instruments	16,988	7,476
Equity investment		0
Assets total		7,476
Liabilities:
Derivative financial instruments	3,160	3,184
Total		3,184
Significant unobservable inputs (Level 3)
Assets:
Derivative financial instruments	0	0
Equity investment		0
Assets total		0
Liabilities:
Derivative financial instruments	$ 0	0
Total		$ 0

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES (Policies)

12 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Basis of Presentation

The Company’s 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 exercises significant influence, but which it does not control, are accounted for under the equity method of accounting. As such, consolidated net (loss) income includes the Company’s equity in the current earnings or losses of such companies.

Unless otherwise indicated, references in these consolidated financial statements to 2023, 2022 and 2021 or “fiscal” 2023, 2022 and 2021 or other years refer to the fiscal year ended June 30 of that respective year and references to 2024 or “fiscal” 2024 refer to the fiscal year ending June 30, 2024.

Reclassifications

Certain prior year amounts have been reclassified to conform with current year presentation.

Discontinued Operations

The financial statements separately report discontinued operations and the results of continuing operations (see Note 4, Acquisition and Dispositions). All footnotes exclude discontinued operations unless otherwise noted.

Use of Estimates

The financial statements are prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). The accounting principles used required the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and amounts of income and expenses during the reporting periods presented. Actual results could differ from those estimates. These estimates include, among others, variable consideration related to revenue recognition for trade promotions and sales incentives, valuation of accounts and chargeback receivables, valuation of long-lived assets, goodwill and intangible assets (acquired in business combinations and analysis of impairment), stock-based compensation for market awards, and valuation allowances for deferred tax assets.

Cash and Cash Equivalents

Revenue Recognition and Cost of Sales

Revenue Recognition

Variable Consideration

Costs to Obtain or Fulfill a Contract

Cost of Sales

Valuation of Accounts and Chargebacks Receivable and Concentration of Credit Risk

Inventory

Property, Plant and Equipment


Buildings and improvements						10 - 40 years
Machinery and equipment						3 - 20 years
Furniture and fixtures						3 - 15 years

Leasehold improvements are amortized over the shorter of the respective initial lease term or the estimated useful life of the assets, and generally range from 3 to 20 years.

Goodwill and Other Indefinite-Lived Intangible Assets

Transfer of Financial Assets

Foreign Currency Translation and Remeasurement

Selling, General and Administrative Expenses

Research and Development Costs

Advertising Costs

Income Taxes

Fair Value of Financial Instruments

•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).

Derivative Instruments and Hedging Activities

Stock-Based Compensation

Valuation of Long-Lived Assets

recognized based on the amount, if any, by which the carrying value exceeds the estimated fair value for assets to be held and used.

Leases

Net (Loss) Income Per Share

Recently Adopted Accounting Pronouncements

INCOME TAXES - Components of Income Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Domestic	$ (183,601)	$ 24,541	$ 60,215
Foreign	54,020	78,950	48,578
(Loss) income from continuing operations before income taxes and equity in net loss of equity-method investees	$ (129,581)	$ 103,491	$ 108,793

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS (Compensation Cost And Related Income Tax Benefits Recognized) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Related income tax benefit	$ 1,734	$ 1,574	$ 1,296
Selling, general and administrative expense
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 14,423	$ 15,611	$ 15,659

DEFINED CONTRIBUTION PLANS (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
United States
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan eligibility minimum days worked (days)	30 days
Defined contribution plan, costs	$ 2,307	$ 2,091	$ 2,025
Retirement plan expense	2,457	2,141	2,482
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Retirement plan expense	2,096	$ 2,379	$ 3,487
Minimum employee salary earnings	$ 10

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
THWR purchase accounting
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Charged to costs and expenses	$ 291,000	$ 1,743,000	$ 0
Allowance for doubtful accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	1,731,000	1,314,000	638,000
Charged to costs and expenses	1,450,000	1,292,000	348,000
Charged to other accounts	0	0	0
Deductions	(431,000)	(875,000)	328,000
Balance at end of period	2,750,000	1,731,000	1,314,000
Valuation allowance for deferred tax assets
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	36,891,000	37,453,000	41,941,000
Charged to costs and expenses	23,212,000	784,000	5,601,000
Charged to other accounts	0	0	0
Deductions	(7,552,000)	(1,346,000)	(10,089,000)
Balance at end of period	$ 52,551,000	$ 36,891,000	$ 37,453,000

SEGMENT INFORMATION (Tables)

12 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information


	Fiscal Year Ended June 30,
	2023		2022		2021
Net Sales:
North America	$	1,139,162	$	1,163,132	$	1,104,128
International	657,481		728,661		866,174
	$	1,796,643	$	1,891,793	$	1,970,302

Adjusted EBITDA:
North America	$	123,443	$	122,235	$	162,045
International	82,945		110,073		133,882
Total Reportable Segments Adjusted EBITDA	206,388		232,308		295,927
Corporate and Other	(39,766)		(31,692)		(36,989)
	166,622		200,616		258,938
Impairment charges
Inventory write-down	—		351		421
Intangibles and long-lived asset impairment	(175,501)		(1,903)		(57,920)
Acquisitions, divestitures and other
Transaction and integration costs, net	(2,018)		(14,055)		(3,291)
Gain on sale of assets	3,529		9,049		4,900
Gain on sale of businesses	—		—		2,680
Restructuring activities
CEO succession	(5,113)		—		—
Plant closure related costs, net	(94)		(929)		(58)
Productivity and transformation costs	(7,284)		(8,803)		(12,572)
Warehouse/manufacturing consolidation and other costs, net	(1,026)		(2,721)		(11,374)
Litigation and related costs	1,369		(7,687)		(995)
Depreciation and amortization	(50,777)		(46,849)		(49,569)
Equity in net loss of equity-method investees	(1,134)		(2,902)		(1,591)
Interest expense, net	(43,936)		(10,226)		(5,880)
Benefit (provision) for income taxes	14,178		(22,716)		(41,093)
Stock-based compensation, net	(14,423)		(15,611)		(15,659)
Unrealized currency (losses) gains	(929)		2,259		(828)
Net (loss) income	$	(116,537)	$	77,873	$	66,109

Summary of Net Sales by Geographic Areas

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


	Fiscal Year Ended June 30,
	2023		2022		2021
United States	$	1,025,988	$	1,037,082	$	954,415
United Kingdom	477,400		500,949		607,674
Europe	180,080		227,712		258,501
All other	113,175		126,050		149,712
Total	$	1,796,643	$	1,891,793	$	1,970,302

Schedule of Long Lived Assets, by Geographic Region

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


	Fiscal Year Ended June 30,
	2023		2022
United States	$	162,798	$	182,038
United Kingdom	134,908		133,213
Europe	72,016		70,390
All other	22,497		26,455
Total	$	392,219	$	412,096

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Accounting Policies [Abstract]
Proceeds from the sale of receivables in a financing arrangement	$ 380,683	$ 170,737	$ 96,788
Research and development costs	6,379	9,416	10,372
Advertising costs	38,838	41,032	40,050
Proceeds from insurance claim	$ 8,594	$ 196	$ 592
Gain On Business Interruption Insurance Recovery Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag	proceeds from insurance claims	proceeds from insurance claims,	proceeds from insurance claims,

GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The following table shows the changes in the carrying amount of goodwill by reportable segment:


	North America		International		Total






Balance as of June 30, 2021(1)	600,812		270,255		$	871,067
Acquisition (See Note 4, Acquisition and Disposition)	95,645		—		95,645
Translation and other adjustments, net	(742)		(32,174)		(32,916)
Balance as of June 30, 2022	695,715		238,081		933,796

Acquisition(2)	(794)		—		(794)
Divestiture(3)	(3,054)		—		(3,054)
Translation and other adjustments, net	5,186		3,506		8,692
Balance as of June 30, 2023	$	697,053	$	241,587	$	938,640

(1) The total carrying value of goodwill is reflected net of $134,277 of accumulated impairment charges.

(2) During the fiscal year ended June 30, 2023, the Company finalized purchase accounting related to THWR resulting in a $794 reduction to goodwill. See Note 4, Acquisition and Disposition.

The Company completed its annual goodwill impairment analysis in the fourth quarter of fiscal 2023 and concluded that no impairment existed at any of its reporting units.

Other Intangible Assets

The following table sets forth balance sheet information for intangible assets, excluding goodwill, subject to amortization and intangible assets not subject to amortization:


	Fiscal Year Ended June 30,
	2023		2022
Non-amortized intangible assets:
Trademarks and tradenames(1)	$	250,860	$	379,466
Amortized intangible assets:
Other intangibles(2)	161,874		199,448
Less: Accumulated amortization	(114,629)		(101,381)
Net amortized intangible assets	$	47,245	$	98,067
Net other intangible assets	$	298,105	$	477,533

(1) The gross carrying value of trademarks and tradenames is reflected net of $223,981 and $94,873 of accumulated impairment charges as of June 30, 2023 and 2022, respectively.

(2) The reduction in carrying value of other intangible assets as of June 30, 2023 reflected a non-cash impairment charge of $45,798 recognized in the fiscal year ended June 30, 2023.

The Company completed its annual assessment of impairment for indefinite-lived intangible assets in the fourth quarter of fiscal 2023. The assessment indicated that the carrying value of the Imagine® and Joya® trademarks and the Queen Helene® trademark and formula exceeded their estimated fair values. The fair values were determined using the relief from royalty method, and non-cash impairment charges of $4,767, $4,691 and $9,150 for Imagine®, Joya®, and Queen Helene® intangible assets, respectively, were recorded within intangibles and long-lived asset impairment on the Consolidated Statements of Operations.

The Imagine® and Queen Helene® intangible assets are part of the North America reportable segment and had a remaining aggregate carrying value of $3,100 as of June 30, 2023. The Joya® intangible assets are part of the International reportable segment and had a remaining aggregate carrying value of $6,218 as of June 30, 2023.

During the fiscal year ended June 30, 2023, as a result of a decline in actual and projected performance and cash flows of the ParmCrisps® and Thinsters® brands, the Company recorded non-cash impairment charges of $102,000 and $8,500 for the ParmCrisps® and Thinsters® trademarks, respectively, to reduce the carrying value of such intangible assets to their estimated fair value. The fair value was determined using the relief from royalty method, and impairment charges were recorded within intangibles and long-lived asset impairment on the Consolidated Statements of Operations. At June 30, 2023, the Company’s indefinite lived tradename intangible assets of ParmCrisps® and Thinsters®, which are part of the North America reportable segment, had a remaining aggregate carrying value of $8,000 and $4,500, respectively.

As a result of the same factors triggering the impairment tests for the ParmCrisps® and Thinsters® trademarks discussed above, the Company completed impairment tests of the ParmCrisps® and Thinsters® asset groups, which were primarily comprised of amortizable customer relationships. The Company determined that the ParmCrisps® asset group’s carrying amount exceeded the estimated fair value. During the fiscal year ended June 30, 2023, the Company recorded non-cash impairment charge of $45,798 to reduce the carrying value of the ParmCrisps® customer relationships, the primary asset in the asset group, to its estimated fair value. Impairment charges were recorded within intangibles and long-lived asset impairment on the Consolidated Statements of Operations. The fair value of the Thinsters® asset group exceeded its carrying amount. The assets are part of the North America reportable segment and had a remaining aggregate carrying value of $42,197 as of June 30, 2023 and the definite lived assets within the ParmCrisps® asset group were $20,704.

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 on the Consolidated Statements of Operations was as follows:


	Fiscal Year Ended June 30,
	2023		2022		2021
Amortization of acquired intangibles	$	10,016	$	10,214	$	8,931

Expected amortization expense over the next five fiscal years is as follows:


	Fiscal Year Ending June 30,
	2024		2025		2026		2027		2028
Estimated amortization expense	$	6,401	$	5,348	$	4,981	$	4,871	$	4,239

The weighted average remaining amortization period of amortized intangible assets is 8.7 years.