0000910406-23-000114 | 10-Q | XBRL Viewer

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BASIS OF PRESENTATION	3 Months Ended
BASIS OF PRESENTATION	Sep. 30, 2023
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The Company’s unaudited consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation. Investments in affiliated companies in which the Company exerts significant influence, but which it does not control, are accounted for under the equity method of accounting. As such, consolidated net loss includes the Company's equity in the current earnings or losses of such companies. The Company's unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP and should be read in conjunction with the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2023 (the “Form 10-K”). The amounts as of and for the periods ended June 30, 2023 are derived from the Company’s audited annual financial statements. The unaudited consolidated financial statements reflect all normal recurring adjustments which, in management’s opinion, are necessary for a fair presentation for interim periods. Operating results for the three months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2024. Please refer to the Notes to the Consolidated Financial Statements as of June 30, 2023 and for the fiscal year then ended included in the Form 10-K for information not included in these condensed notes. All amounts in the unaudited consolidated financial statements, notes and tables have been rounded to the nearest thousands, except par values and per share amounts, unless otherwise indicated. Significant Accounting Policies The Company's significant accounting policies are described in Note 2, Summary of Significant Accounting Policies and Practices, in the Notes to the Consolidated Financial Statements in the Form 10-K. Included herein are certain updates to those policies. Transfer of Financial Assets The Company accounts for transfers of financial assets, such as non-recourse accounts receivable financing arrangements, when the Company has surrendered control over the related assets. Determining whether control has transferred requires an evaluation of relevant legal considerations, an assessment of the nature and extent of the Company’s continuing involvement with the assets transferred and any other relevant considerations. The Company has non-recourse financing arrangements in which eligible receivables are sold to third-party buyers in exchange for cash. The Company transferred accounts receivable in their entirety to the buyers and satisfied all of the conditions to report the transfer of financial assets in their entirety as a sale. The principal amount of receivables sold under these arrangements was $86,506 and $83,659 during the three months ended September 30, 2023 and 2022, respectively. The incremental cost of financing receivables under these arrangements is included in selling, general and administrative expenses on the Company’s Consolidated Statements of Operations. The proceeds from the sale of receivables are included in cash provided by operating activities on the Consolidated Statements of Cash Flows. Recently Adopted Accounting Pronouncements In July 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-03, “Presentation of Financial Statement (Topic 205), Income Statement - Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation - Stock Compensation (Topic 718)”, to amend various SEC paragraphs in the Accounting Standards Codification to reflect the issuance of SEC Staff Accounting Bulletin No. 120, among other things. The Company adopted this conforming guidance upon issuance, which had no material impact on its condensed consolidated financial statements and related disclosures.

DEBT AND BORROWINGS - Narrative (Details)		1 Months Ended	3 Months Ended
DEBT AND BORROWINGS - Narrative (Details)	Aug. 22, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jan. 01, 2025	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2023 USD ($)
Line of Credit Facility [Line Items]
Interest paid			$ 11,432,000	$ 6,688,000
Line of Credit \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt issuance costs, gross		$ 3,854,000	3,854,000					$ 1,987,000
Second Amendment and Restated Credit Agreement
Line of Credit Facility [Line Items]
Revolving credit facility	$ 1,100,000,000
Debt issuance costs on revolver		$ 3,813,000	$ 3,813,000					1,916,000
Second Amendment and Restated Credit Agreement \| Line of Credit
Line of Credit Facility [Line Items]
Weighted average interest rate (as a percent)		7.86%	7.86%
Available borrowing capacity		$ 265,532,000	$ 265,532,000
Second Amendment and Restated Credit Agreement \| Line of Credit \| Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage (as a percent)			0.15%
Consolidated interest coverage ratio covenant	2.50
Second Amendment and Restated Credit Agreement \| Line of Credit \| Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage (as a percent)			0.25%
Consolidated secured leverage ratio covenant		5.00	5.00
Second Amendment and Restated Credit Agreement \| Line of Credit \| Forecast \| Maximum
Line of Credit Facility [Line Items]
Consolidated secured leverage ratio covenant					4.25	5.00	5.25
Second Amendment and Restated Credit Agreement \| Letter of Credit
Line of Credit Facility [Line Items]
Letters of credit outstanding		$ 4,468,000	$ 4,468,000
Second Amendment and Restated Credit Agreement \| Term loans
Line of Credit Facility [Line Items]
Face amount	$ 300,000,000
Debt, gross		286,875,000	286,875,000
Debt issuance costs on revolver		1,011,000	1,011,000					520,000
Second Amendment and Restated Credit Agreement \| Line of Credit \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Revolving credit facility	800,000,000
Debt, gross		530,000,000	530,000,000
Debt issuance costs on revolver		$ 2,802,000	$ 2,802,000					$ 1,396,000
Second Amendment and Restated Credit Agreement \| Line of Credit \| Revolving Credit Facility \| United States
Line of Credit Facility [Line Items]
Revolving credit facility	440,000,000
Second Amendment and Restated Credit Agreement \| Line of Credit \| Revolving Credit Facility \| Global
Line of Credit Facility [Line Items]
Revolving credit facility	$ 360,000,000
Credit Agreement \| Secured Overnight Financing Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)		2.50%
Credit Agreement \| Secured Overnight Financing Rate \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1.125%
Credit Agreement \| Secured Overnight Financing Rate \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	2.00%
Credit Agreement \| Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)		1.50%
Credit Agreement \| Base Rate \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	0.125%
Credit Agreement \| Base Rate \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1.00%

PROPERTY, PLANT AND EQUIPMENT, NET - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Depreciation	$ 9,826	$ 8,067
Loss on disposition	(62)	$ 60
United States
Property, Plant and Equipment [Line Items]
Proceeds from sale of land	1,182
Loss on disposition	$ (68)
United States \| Discontinued Operations, Held-for-sale
Property, Plant and Equipment [Line Items]
Net carrying value			$ 1,250

FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE (Tables)

3 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents assets and liabilities measured at fair value on a recurring basis as of September 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	$	20,236	$	—	$	20,236	$	—


Liabilities:
Derivative financial instruments	$	901	—		$	901	—

The following table presents 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	$	—

INVENTORIES

3 Months Ended

Sep. 30, 2023

Inventory Disclosure [Abstract]

INVENTORIES

Inventories consisted of the following:


	September 30, 2023		June 30, 2023
Finished goods	$	199,043	$	192,007
Raw materials, work-in-progress, and packaging	114,292		118,334
	$	313,335	$	310,341

GOODWILL AND OTHER INTANGIBLE ASSETS - Expected Amortization Expense (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024 (remainder of year)	$ 4,454
2025	5,505
2026	5,082
2027	5,010
2028	$ 3,870

BUSINESS	3 Months Ended
BUSINESS	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS	BUSINESSThe 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 Hoboken, New Jersey. 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.

TRANSFORMATION PROGRAM (Tables)

3 Months Ended

Sep. 30, 2023

Restructuring and Related Activities [Abstract]

Restructuring Activity and Liability Balances

For the three months ended September 30, 2023, expenses associated with the Company’s restructuring program in the amount of $6,403 and $3,320, respectively, were recorded in Productivity and transformation costs and Cost of sales on the Consolidated Statements of Operations and impacted reportable segments and Corporate and Other as follows:


	Three Months Ended September 30, 2023


Corporate and Other	$	5,770
North America	3,358
International	595


	$	9,723

The following table displays the activities and liability balances relating to the restructuring program for the period ended as of September 30, 2023:


	Charges		Amounts Paid		Non-cash settlements/Adjustments2		Balance at September 30, 2023
Employee-related costs1	$	1,115	$	(46)	—		$	1,069
Contract termination costs	1,799		(1,528)		—		271
Asset write-downs2	1,521		—		(1,521)		—
Other transformation-related expenses3	5,288		(16)		—		5,272
	$	9,723	$	(1,590)	$	(1,521)	$	6,612

1Employee-related expenses include $491 severance related to executive officer succession.

2Represents non-cash asset write-downs, including accelerated depreciation and asset impairment.

3Other transformation-related expenses primarily include consultancy charges.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Loss
Beginning balance (shares) at Jun. 30, 2022		111,090
Beginning balance at Jun. 30, 2022	$ 1,083,168	$ 1,111	$ 1,203,126	$ 769,098	$ (725,685)	$ (164,482)
Beginning balance (shares) at Jun. 30, 2022					21,788
Increase (Decrease) in Stockholders' Equity
Net (loss) income	6,923			6,923
Other comprehensive loss	(52,462)					(52,462)
Issuance of common stock pursuant to stock-based compensation plans (shares)		24
Issuance of common stock pursuant to stock-based compensation plans	1	$ 1
Employee shares withheld for taxes (shares)					10
Employee shares withheld for taxes	(229)				$ (229)
Stock-based compensation expense	3,994		3,994
Ending balance (shares) at Sep. 30, 2022		111,114
Ending balance at Sep. 30, 2022	$ 1,041,395	$ 1,112	1,207,120	776,021	$ (725,914)	(216,944)
Ending balance (shares) at Sep. 30, 2022					21,798
Beginning balance (shares) at Jun. 30, 2023	89,475	111,339
Beginning balance at Jun. 30, 2023	$ 1,017,907	$ 1,113	1,217,549	652,561	$ (727,100)	(126,216)
Beginning balance (shares) at Jun. 30, 2023	21,864				21,864
Increase (Decrease) in Stockholders' Equity
Net (loss) income	$ (10,376)			(10,376)
Other comprehensive loss	(29,407)					(29,407)
Issuance of common stock pursuant to stock-based compensation plans (shares)		239
Issuance of common stock pursuant to stock-based compensation plans	3	$ 3
Employee shares withheld for taxes (shares)					86
Employee shares withheld for taxes	(875)				$ (875)
Stock-based compensation expense	$ 3,742		3,742
Ending balance (shares) at Sep. 30, 2023	89,628	111,578
Ending balance at Sep. 30, 2023	$ 980,994	$ 1,116	$ 1,221,291	$ 642,185	$ (727,975)	$ (155,623)
Ending balance (shares) at Sep. 30, 2023	21,950				21,950

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS - Fair Value Assumptions (Details) - 2023-2025 LTIP	3 Months Ended
	Sep. 30, 2023 $ / shares
Absolute TSR PSUs \| Prior to January 1, 2023
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 PSUs \| Subsequent to January 1, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value (per target share)	$ 13.84
Risk-free interest rate	4.28%
Expected dividend yield	0.00%
Expected volatility	40.70%
Expected term	3 years
Relative TSR PSUs \| Prior to January 1, 2023
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 PSUs \| Subsequent to January 1, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value (per target share)	$ 19.54
Risk-free interest rate	4.28%
Expected dividend yield	0.00%
Expected volatility	28.20%
Expected term	3 years

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of acquired intangibles	$ 1,955	$ 2,788

(LOSS) EARNINGS PER SHARE

3 Months Ended

Sep. 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:


	Three Months Ended September 30,
	2023		2022
Numerator:
Net (loss) income	$	(10,376)	$	6,923

Denominator:
Basic weighted average shares outstanding	89,512		89,307
Effect of dilutive stock options, unvested restricted stock and unvested restricted share units	—		186
Diluted weighted average shares outstanding	89,512		89,493


Basic net (loss) income per common share	$	(0.12)	$	0.08


Diluted net (loss) income per common share	$	(0.12)	$	0.08

Due to the incurred net loss in the three months ended September 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 489 restricted stock awards excluded from the calculation of diluted net income per share for the three months ended September 30, 2022, as such awards were anti-dilutive. Additionally, for the three months ended September 30, 2023 and 2022 there were 372 and 298, stock-based awards outstanding, that were contingently issuable based on market conditions, and such conditions had not been achieved during the respective periods.

PROPERTY, PLANT AND EQUIPMENT, NET

3 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

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


	September 30, 2023		June 30, 2023
Land	$	11,202	$	11,453
Buildings and improvements	53,926		55,354
Machinery and equipment	327,790		335,912
Computer hardware and software	53,658		54,192
Furniture and fixtures	20,301		20,722
Leasehold improvements	48,834		49,394
Construction in progress	13,889		10,816
	529,600		537,843
Less: Accumulated depreciation and impairment	243,628		241,518
	$	285,972	$	296,325

Depreciation expense for the three months ended September 30, 2023 and 2022 was $9,826 and $8,067, respectively.

During the three months ended September 30, 2023, the Company completed the sale of a facility in the United States for total cash proceeds of $1,182, net of brokerage and other fees, resulting in a loss in the amount of $68, which is included as a component of other income, net on the Consolidated Statement of Operations. The facility was held for sale as of June 30, 2023 with a net carrying amount of $1,250.

DERIVATIVES AND HEDGING ACTIVITIES - Derivative Information (Details) € in Thousands, £ in Thousands, $ in Thousands	Sep. 30, 2023 USD ($) instrument	Sep. 30, 2023 GBP (£) instrument	Sep. 30, 2023 EUR (€) instrument
Interest rate swap \| Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments	4	4	4
Notional amount \| $	$ 400,000
Foreign currency forward contracts \| Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments	4	4	4
Foreign currency forward contracts \| Cash Flow Hedging \| Short
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount \| £		£ 3,467
Foreign currency forward contracts \| Cash Flow Hedging \| Long
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount \| €			€ 4,000
Cross-currency swap \| Net Investment Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments	4	4	4
Cross-currency swap \| Net Investment Hedging \| Short
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount \| €			€ 100,300
Cross-currency swap \| Net Investment Hedging \| Long
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount \| $	$ 105,804
Cross-currency swap \| Fair Value Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments	1	1	1
Cross-currency swap \| Fair Value Hedging \| Short
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount \| €			€ 24,700
Cross-currency swap \| Fair Value Hedging \| Long
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount \| $	$ 26,021

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 3,018	$ 2,750
Preferred stock, par value (USD per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (shares)	5,000,000	5,000,000
Preferred stock, shares issued (shares)	0	0
Preferred stock, shares outstanding (shares)	0	0
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized (shares)	150,000,000	150,000,000
Common stock, shares issued (shares)	111,578,000	111,339,000
Common stock, shares, outstanding (shares)	89,628,000	89,475,000
Treasury stock, shares (shares)	21,950,000	21,864,000

INVENTORIES (Tables)

3 Months Ended

Sep. 30, 2023

Inventory Disclosure [Abstract]

Components of Inventories

Inventories consisted of the following:


	September 30, 2023		June 30, 2023
Finished goods	$	199,043	$	192,007
Raw materials, work-in-progress, and packaging	114,292		118,334
	$	313,335	$	310,341

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

3 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Changes In Carrying Amount Of Goodwill

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


	North America		International		Total
Balance as of June 30, 2023	$	697,053	$	241,587	$	938,640




Translation	(1,001)		(9,264)		(10,265)
Balance as of September 30, 2023	$	696,052	$	232,323	$	928,375

Other Intangible Assets

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


	September 30, 2023		June 30, 2023
Non-amortized intangible assets:
Trademarks and tradenames(1)	$	246,529	$	250,860
Amortized intangible assets:
Other intangibles(2)	157,764		161,874
Less: Accumulated amortization	(113,426)		(114,629)
Net amortized intangible assets	44,338		47,245
Net other intangible assets	$	290,867	$	298,105

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

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


	September 30, 2023		June 30, 2023
Non-amortized intangible assets:
Trademarks and tradenames(1)	$	246,529	$	250,860
Amortized intangible assets:
Other intangibles(2)	157,764		161,874
Less: Accumulated amortization	(113,426)		(114,629)
Net amortized intangible assets	44,338		47,245
Net other intangible assets	$	290,867	$	298,105

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

(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.

Finite-lived Intangible Assets Amortization Expense

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


	Three Months Ended September 30,
	2023		2022
Amortization of acquired intangibles	$	1,955	$	2,788

Schedule of Expected Amortization Expense

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


	Fiscal Year Ending June 30,
	2024 (remainder of year)		2025		2026		2027		2028
Estimated amortization expense	$	4,454	$	5,505	$	5,082	$	5,010	$	3,870

- Definition

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

+ References

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-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

DERIVATIVES AND HEDGING ACTIVITIES - Narrative (Details) - Forecast	9 Months Ended
	Jun. 30, 2024 USD ($)
Interest rate swap \| Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Other comprehensive income (loss), cash flow hedge, reclassification	$ (6,967,000)
Interest rate swap \| Fair Value Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Other comprehensive income (loss), cash flow hedge, reclassification	(359,000)
Cross-currency swap \| Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Other comprehensive income (loss), cash flow hedge, reclassification	$ 0

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

SEGMENT INFORMATION - Segment Data (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Net sales	$ 425,029	$ 439,351
Adjusted EBITDA	24,090	36,029
Impairment charges
Long-lived asset impairment	(694)	0
Acquisitions, divestitures and other
Transaction and integration costs, net	(118)	(1,367)
(Loss) gain on sale of assets	(62)	40
Restructuring activities
Restructuring activities	(9,723)
Litigation and related costs	(1,524)	(2,463)
Depreciation and amortization	(12,305)	(11,970)
Equity in net loss of equity-method investees	(498)	(382)
Interest expense, net	(12,623)	(7,279)
Benefit (provision) for income taxes	5,379	(2,631)
Stock-based compensation, net	(3,742)	(3,994)
Unrealized currency (losses) gains	(35)	1,711
Net (loss) income	(10,376)	6,923
Plant Closure Related Costs, Net
Restructuring activities
Restructuring activities	(1,841)	2
Productivity and Transformation Costs Initiative
Restructuring activities
Restructuring activities	(6,403)	(773)
Operating Segments
Segment Reporting Information [Line Items]
Net sales	425,029	439,351
Adjusted EBITDA	36,165	45,728
Operating Segments \| North America
Segment Reporting Information [Line Items]
Net sales	260,054	288,396
Adjusted EBITDA	18,727	30,781
Restructuring activities
Restructuring activities	(3,358)
Operating Segments \| International
Segment Reporting Information [Line Items]
Net sales	164,975	150,955
Adjusted EBITDA	17,438	14,947
Restructuring activities
Restructuring activities	(595)
Corporate and Other
Segment Reporting Information [Line Items]
Adjusted EBITDA	(12,075)	$ (9,699)
Restructuring activities
Restructuring activities	$ (5,770)

DEBT AND BORROWINGS

3 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

DEBT AND BORROWINGS

Debt and borrowings consisted of the following:


	September 30, 2023		June 30, 2023
Revolving credit facility	$	530,000	$	541,000
Term loans	286,875		288,750
Less: Unamortized issuance costs	(2,190)		(1,307)
Other borrowings(1)	284		305
	814,969		828,748
Short-term borrowings and current portion of long-term debt(2)	7,568		7,567
Long-term debt, less current portion	$	807,401	$	821,181

(1) Includes $284 (June 30, 2023: $305) of finance lease obligations as discussed in Note 6, Leases.

(2) Includes $84 (June 30, 2023: $83) of short-term finance lease obligations as discussed in Note 6, Leases.

Amended and Restated Credit Agreement

On August 22, 2023, the Company entered into a Second Amendment (the “Second Amendment”) to the 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 million in the aggregate, consisting of (1) $300 million in aggregate principal amount of term loans (the “Term Loans”) and (2) an $800 million senior secured revolving credit facility (which includes borrowing capacity available for letters of credit, and is comprised of a $440 million U.S. revolving credit facility and $360 million global revolving credit facility) (the “Revolver”). Both the Revolver and the Term Loans mature on December 22, 2026.

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. Excluding hedge impact, the weighted average interest rate on outstanding borrowings under the Credit Agreement at September 30, 2023 was 7.86%. 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.

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. 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.

As of September 30, 2023, there were $530,000 of loans under the Revolver, $286,875 of Term Loans, and $4,468 of letters of credit outstanding under the Credit Agreement. As of September 30, 2023, $265,532 was available under the Credit Agreement, subject to compliance with the financial covenants. As of September 30, 2023, the Company was in compliance with all associated covenants.

Credit Agreement Issuance Costs

In connection with the First Amendment to its Credit Agreement during the second quarter of fiscal year 2023, the Company incurred debt issuance costs of approximately $1,987, of which $1,916 was deferred. Of the total deferred costs, $1,396 were associated with the Revolver and are being amortized on a straight-line basis within Other assets on the 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.

In connection with the Second Amendment to its Credit Agreement, the Company incurred debt issuance costs of approximately $3,854, of which $3,813 was deferred. Of the total deferred costs, $2,802 were associated with the Revolver and are being amortized on a straight-line basis within Other assets on the Consolidated Balance Sheets, and $1,011 are being recorded 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 utilizing the effective interest rate method.

Interest paid during the three months ended September 30, 2023 and September 30, 2022 was $11,432 and $6,688, 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.

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+ Details

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

3 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment, Net

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


	September 30, 2023		June 30, 2023
Land	$	11,202	$	11,453
Buildings and improvements	53,926		55,354
Machinery and equipment	327,790		335,912
Computer hardware and software	53,658		54,192
Furniture and fixtures	20,301		20,722
Leasehold improvements	48,834		49,394
Construction in progress	13,889		10,816
	529,600		537,843
Less: Accumulated depreciation and impairment	243,628		241,518
	$	285,972	$	296,325

DERIVATIVES AND HEDGING ACTIVITIES - Fair Value Hedges (Details) - Intercompany loan receivable - Fair Value Hedging - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Amount of the Hedged Asset	$ 26,115	$ 26,945
Cumulative Amount of Fair Value Hedge Adjustment Included in the Carrying Amount of the Hedged Asset	$ 830	$ 924

DEBT AND BORROWINGS (Tables)

3 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Debt And Borrowings

Debt and borrowings consisted of the following:


	September 30, 2023		June 30, 2023
Revolving credit facility	$	530,000	$	541,000
Term loans	286,875		288,750
Less: Unamortized issuance costs	(2,190)		(1,307)
Other borrowings(1)	284		305
	814,969		828,748
Short-term borrowings and current portion of long-term debt(2)	7,568		7,567
Long-term debt, less current portion	$	807,401	$	821,181

(1) Includes $284 (June 30, 2023: $305) of finance lease obligations as discussed in Note 6, Leases.

(2) Includes $84 (June 30, 2023: $83) of short-term finance lease obligations as discussed in Note 6, Leases.

- 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.

+ References

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+ Details

Cover Page - shares	3 Months Ended
Cover Page - shares	Sep. 30, 2023	Oct. 31, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
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	221 River Street
Entity Address, City or Town	Hoboken
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07030
City Area Code	516
Local Phone Number	587-5000
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	HAIN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		89,709,018
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000910406
Current Fiscal Year End Date	--06-30
Former Address
Document Information [Line Items]
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

TRANSFORMATION PROGRAM

3 Months Ended

Sep. 30, 2023

Restructuring and Related Activities [Abstract]

TRANSFORMATION PROGRAM

During the first quarter of fiscal year 2024, we initiated a multi-year growth and transformation program (the “Hain Reimagined Program”). The program is intended to optimize the Company’s portfolio, improve underlying profitability and increase its flexibility to invest in targeted growth initiatives, brand building and other capabilities critical to delivering future growth. The savings initiatives are expected to impact the Company’s reportable segments and Corporate and Other.

Implementation of the Hain Reimagined Program is expected to be completed by the end of the 2027 fiscal year and comprised of: contract termination costs, asset write-downs, employee-related costs and other transformation-related expenses.


	Three Months Ended September 30, 2023


Corporate and Other	$	5,770
North America	3,358
International	595


	$	9,723

The Company expects to pay the remaining accrued restructuring costs during the next 12 months. The following table displays the activities and liability balances relating to the restructuring program for the period ended as of September 30, 2023:


	Charges		Amounts Paid		Non-cash settlements/Adjustments2		Balance at September 30, 2023
Employee-related costs1	$	1,115	$	(46)	—		$	1,069
Contract termination costs	1,799		(1,528)		—		271
Asset write-downs2	1,521		—		(1,521)		—
Other transformation-related expenses3	5,288		(16)		—		5,272
	$	9,723	$	(1,590)	$	(1,521)	$	6,612

1Employee-related expenses include $491 severance related to executive officer succession.

2Represents non-cash asset write-downs, including accelerated depreciation and asset impairment.

3Other transformation-related expenses primarily include consultancy charges.

The liability balance as of September 30, 2023 is included within Accrued expenses and other current liabilities on the Company’s Consolidated Balance Sheets.

DERIVATIVES AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

As of September 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 September 30, 2023, the Company had the following outstanding foreign currency derivatives that were used to hedge its foreign exchange risk.


Foreign Currency Derivative	Number of Instruments	Notional Sold	Notional Purchased

Foreign currency forward contract	4	£3,467	€4,000

As of September 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 September 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 September 30, 2023 and 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

	September 30, 2023		June 30, 2023		September 30, 2023		June 30, 2023
Intercompany loan receivable	$	26,115	$	26,945	$	830	$	924

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 September 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	$	8,964	Accrued expenses and other current liabilities	$	—
Interest rate swaps	Other noncurrent assets	8,855		Other noncurrent liabilities	—
Cross-currency swaps	Prepaid expenses and other current assets	2,376		Accrued expenses and other current liabilities	—
Cross-currency swaps	Other noncurrent assets	—		Other noncurrent liabilities	901
Foreign currency forward contracts	Prepaid expenses and other current assets	41		Other noncurrent liabilities	—
Total derivatives designated as hedging instruments		$	20,236		$	901

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

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

The following table presents the pre-tax effect of cash flow hedge accounting on AOCL for the three months ended September 30, 2023 and 2022:


Derivatives in Cash Flow Hedging Relationships	Amount of Gain Recognized in AOCL on Derivatives				Location of Gain (Loss) Reclassified from AOCL into Income (Expense)	Amount of Gain (Loss) Reclassified from AOCL into Income (Expense)
	Three Months Ended September 30,					Three Months Ended September 30,
	2023		2022			2023		2022
Interest rate swaps	$	5,478	$	15,262	Interest and other financing expense, net	$	2,281	$	1,146
Cross-currency swaps	—		—		Interest and other financing expense, net / Other (income) expense, net	—		(115)
Foreign currency forward contracts	41		—		Cost of sales	—		—
	$	5,519	$	15,262		$	2,281	$	1,031

The following table presents the pre-tax effect of fair value hedge accounting on AOCL for the three months ended September 30, 2023 and 2022:


Derivatives in Fair value Hedging Relationships	Amount of Gain Recognized in AOCL on Derivatives				Location of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing)	Amount of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing)
	Three Months Ended September 30,					Three Months Ended September 30,
	2023		2022			2023		2022

Cross-currency swaps	$	572	$	1,539	Interest and other financing expense, net	$	123	$	123

	$	572	$	1,539		$	123	$	123

Pre-Tax Effect of Derivative Financial Instruments Electing 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 for the three months ended of September 30, 2023 and 2022:


				Location and Amount of Gain (Loss) Recognized in the Consolidated Statements of Operations on Cash Flow Hedging Relationships
				Three Months Ended September 30, 2023				Three Months Ended September 30, 2022
				Cost of sales		Interest and other financing expense, net			Cost of sales		Interest and other financing expense, 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	$	—	$	2,281		$	—	$	1,146

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

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 September 30, 2023 and 2022:


				Location and Amount of Gain Recognized in the Consolidated Statements of Operations on Fair Value Hedging Relationships
				Three Months Ended September 30, 2023						Three Months Ended September 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 gain reclassified from AOCL into income	$	—	$	953	$	—	$	—	$	123	$	1,688

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

The following table presents the pre-tax effect of the Company’s net investment hedges on AOCL and the Consolidated Statements of Operations for the three months ended September 30, 2023 and 2022:


Derivatives in Net Investment Hedging Relationships	Amount of Gain Recognized in AOCL on Derivatives				Location of Gain (Loss) Recognized in Income (Expense) on Derivatives (Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income (Expense) on Derivatives (Amount Excluded from Effectiveness Testing)
	Three Months Ended September 30,					Three Months Ended September 30,
	2023		2022			2023		2022
Cross-currency swaps	$	2,316	$	6,268	Interest and other financing expense, net	$	495	$	(495)

- 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

TRANSFORMATION PROGRAM - Narrative (Details) $ in Thousands	3 Months Ended
TRANSFORMATION PROGRAM - Narrative (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Charges	$ 9,723
Productivity and Transformation Costs
Restructuring Cost and Reserve [Line Items]
Charges	6,403
Costs Of Goods And Services Sold
Restructuring Cost and Reserve [Line Items]
Charges	$ 3,320

- 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 + Details

INVESTMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Founders Table
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 7,654	$ 8,032
HHO, Hain Future, and Yeo Hiap Seng Limited
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 4,644	$ 4,766

INCOME TAXES	3 Months Ended
INCOME TAXES	Sep. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES In general, the Company uses an estimated annual effective tax rate, which is based on expected annual income and statutory tax rates in the various jurisdictions in which the Company operates, to determine its quarterly provision for income taxes. Certain significant or unusual items are separately recognized in the quarter in which they occur and can be a source of variability on the effective tax rates from quarter to quarter. The Company’s effective tax rate may change from period-to-period based on recurring and non-recurring factors including the geographical mix of earnings, enacted tax legislation, state and local income taxes and tax audit settlements. The effective income tax rate was a benefit of 35.3% and an expense of 26.5% for the three months ended September 30, 2023 and 2022, respectively. The effective income tax rate for the three months ended September 30, 2023 increased due to tax expense related to stock-based compensation, global intangible low-taxed income (“GILTI”), and limitations on the deductibility of executive compensation. The effective income tax rates in each period were also impacted by the geographical mix of earnings and state income taxes.

- Definition

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

+ 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

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS - Compensation Cost And Related Income Tax Benefits Recognized (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Related income tax benefit	$ 456	$ 402
Selling, general and administrative expense
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 3,742	$ 3,994

DERIVATIVES AND HEDGING ACTIVITIES - Balance Sheet Location (Details) - Designated as Hedging Instrument - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	$ 20,236	$ 16,988
Derivative liability, fair value	901	3,160
Prepaid expenses and other current assets \| Interest rate swap
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	8,964	8,649
Prepaid expenses and other current assets \| Cross-currency swap
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	2,376	2,365
Prepaid expenses and other current assets \| Foreign currency forward contracts
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	41
Other noncurrent assets \| Interest rate swap
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	8,855	5,974
Other noncurrent assets \| Cross-currency swap
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	0	0
Accrued expenses and other current liabilities \| Interest rate swap
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	0	0
Accrued expenses and other current liabilities \| Cross-currency swap
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	0	0
Other noncurrent liabilities \| Interest rate swap
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	0	0
Other noncurrent liabilities \| Cross-currency swap
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	901	$ 3,160
Other noncurrent liabilities \| Foreign currency forward contracts
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	$ 0

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS

3 Months Ended

Sep. 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. The Company's LTIP plans, with the exception of the 2023 - 2025 LTIP described below, are described in Note 13, Stock-Based Compensation and Incentive Performance Plans, in the Notes to the Consolidated Financial Statements in the Form 10-K.

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


	Three Months Ended September 30,
	2023		2022
Selling, general and administrative expense	$	3,742	$	3,994
Related income tax benefit	$	456	$	402

Restricted Stock

Awards of restricted stock are either restricted stock awards (“RSAs”) or restricted stock units (“RSUs”) that are issued at no cost to the recipient. Performance-based or market-based RSUs are issued in the form of performance share units (“PSUs”). A summary of the restricted stock activity (including all RSAs, RSUs and PSUs) for the three months ended September 30, 2023 is as follows:


	Number of Shares and Units	Weighted Average Grant Date Fair Value (per share)
Non-vested RSAs, RSUs and PSUs outstanding at June 30, 2023	1,288	$	26.37
Granted	—	$	—
Vested	(239)	$	23.08
Forfeited	(23)	$	29.74
Non-vested RSAs, RSUs and PSUs outstanding at September 30, 2023	1,026	$	26.17

Vested shares during the three months ended September 30, 2023 include a total of 15 shares related to certain performance-based metrics being met and a total of 224 shares related to service-based RSUs. There were 86 shares surrendered for payment of employee payroll taxes due on shares issued under stock-based compensation plans at an average price of $10.17 per share. There are market-based PSU awards outstanding under both the 2023 – 2025 LTIP and the 2022 – 2024 LTIP. At September 30, 2023, 311 of such shares were outstanding under the 2023 – 2025 LTIP while 61 shares were outstanding under the 2022 – 2024 LTIP. The fair value of RSAs, RSUs and PSUs granted and of shares vested, and the tax benefit recognized from restricted shares vesting was as follows:


	Three Months Ended September 30,
	2023		2022
Fair value of RSAs, RSUs and PSUs granted	$	—	$	19,839
Fair value of shares vested	$	2,422	$	576
Tax benefit recognized from restricted shares vesting	$	281	$	78

At September 30, 2023, there was $13,677 of unrecognized stock-based compensation expense related to non-vested restricted stock awards which is expected to be recognized over a weighted average period of 1.66 years.

2023-2025 LTIP

At September 30, 2023, there are 311 such shares outstanding under the LTI Program. 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 208 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 103 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 for grants prior to January 1, 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 grant date fair values per target share and related valuation assumptions as follows for grants on or subsequent to January 1, 2023:


	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

LEASES (Tables)

3 Months Ended

Sep. 30, 2023

Leases [Abstract]

Lease Expenses and Other Information

The components of lease expenses for the three months ended September 30, 2023 and 2022 were as follows:


	Three Months Ended
	September 30, 2023		September 30, 2022
Operating lease expenses	$	4,578	$	4,975



Finance lease expenses	37		69
Variable lease expenses	182		180
Short-term lease expenses	395		496
Total lease expenses	$	5,192	$	5,720

Additional information related to leases is as follows:


	Three Months Ended
	September 30, 2023			September 30, 2022
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,215		$	3,968
Operating cash flows from finance leases	$	3		$	4
Financing cash flows from finance leases	$	19		$	52
ROU assets obtained in exchange for lease obligations:
Operating leases	$	10,986		$	7,143
Finance leases	$	—		$	26


Weighted average remaining lease term:
Operating leases	10.3 years			10.2 years
Finance leases	3.6 years			4.1 years
Weighted average discount rate:
Operating leases	5.1		%	4.5		%
Finance leases	4.5		%	4.3		%

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:


Leases	Classification	September 30, 2023		June 30, 2023
Assets
Operating lease ROU assets, net	Operating lease right-of-use assets, net	$	102,540	$	95,894

Finance lease ROU assets, net	Property, plant and equipment, net	268		289

Total leased assets		$	102,808	$	96,183

Liabilities
Current
Operating	Accrued expenses and other current liabilities	$	10,152	$	10,489

Finance	Current portion of long-term debt	84		83

Non-current
Operating	Operating lease liabilities, noncurrent portion	97,165		90,014
Finance	Long-term debt, less current portion	200		222
Total lease liabilities		$	107,601	$	100,808

Maturities of Lease Liabilities

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


Fiscal Year	Operating leases		Finance leases		Total
2024 (remainder of year)	$	11,808	$	71	$	11,879
2025	14,261		93		14,354
2026	13,605		68		13,673
2027	13,307		53		13,360
2028	13,390		25		13,415
Thereafter	74,979		—		74,979
Total lease payments	141,350		310		141,660
Less: Imputed interest	34,033		26		34,059
Total lease liabilities	$	107,317	$	284	$	107,601

Maturities of Lease Liabilities

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


Fiscal Year	Operating leases		Finance leases		Total
2024 (remainder of year)	$	11,808	$	71	$	11,879
2025	14,261		93		14,354
2026	13,605		68		13,673
2027	13,307		53		13,360
2028	13,390		25		13,415
Thereafter	74,979		—		74,979
Total lease payments	141,350		310		141,660
Less: Imputed interest	34,033		26		34,059
Total lease liabilities	$	107,317	$	284	$	107,601

SEGMENT INFORMATION

3 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

SEGMENT INFORMATION

The Company’s organizational structure consists of two geographic based reportable segments: North America and International, which are also the operating segments. 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 uses segment net sales and segment Adjusted EBITDA 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, plant closure related costs-net, productivity and transformation costs, warehouse and manufacturing consolidation and other costs, costs associated with acquisitions, divestitures and other transactions, loss (gain) on sale of assets, 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 the 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.


	Three Months Ended September 30,
	2023		2022
Net Sales:
North America	$	260,054	$	288,396
International	164,975		150,955
	$	425,029	$	439,351

Adjusted EBITDA:
North America	$	18,727	$	30,781
International	17,438		14,947
Total Reportable Segments Adjusted EBITDA	36,165		45,728
Corporate and Other	(12,075)		(9,699)
	24,090		36,029
Impairment charges

Long-lived asset impairment	(694)		—
Acquisitions, divestitures and other
Transaction and integration costs, net	(118)		(1,367)
(Loss) gain on sale of assets	(62)		40

Restructuring activities

Plant closure related costs, net	(1,841)		2
Productivity and transformation costs	(6,403)		(773)

Litigation and related costs	(1,524)		(2,463)
Depreciation and amortization	(12,305)		(11,970)
Equity in net loss of equity-method investees	(498)		(382)
Interest expense, net	(12,623)		(7,279)
Benefit (provision) for income taxes	5,379		(2,631)
Stock-based compensation, net	(3,742)		(3,994)
Unrealized currency (losses) gains	(35)		1,711
Net (loss) income	$	(10,376)	$	6,923

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


	Three Months Ended September 30,
	2023		2022
United States	$	230,659	$	259,508
United Kingdom	121,051		109,160
Europe	43,924		41,795
All Other	29,395		28,888
	$	425,029	$	439,351

There has been no material change to Company’s total assets by segment from the amount disclosed in the Form 10-K for the fiscal year ended June 30, 2023.

- 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
-Paragraph 32
-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
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-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
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-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-Paragraph 21
-Subparagraph (b)
-Publisher FASB
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net (loss) income	$ (10,376)	$ 6,923

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (c)
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+ Details

GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

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


	North America		International		Total
Balance as of June 30, 2023	$	697,053	$	241,587	$	938,640




Translation	(1,001)		(9,264)		(10,265)
Balance as of September 30, 2023	$	696,052	$	232,323	$	928,375

There were no events or circumstances that warranted an interim impairment test for goodwill during the three months ended September 30, 2023 or 2022.

Other Intangible Assets

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


	September 30, 2023		June 30, 2023
Non-amortized intangible assets:
Trademarks and tradenames(1)	$	246,529	$	250,860
Amortized intangible assets:
Other intangibles(2)	157,764		161,874
Less: Accumulated amortization	(113,426)		(114,629)
Net amortized intangible assets	44,338		47,245
Net other intangible assets	$	290,867	$	298,105

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

(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.

There were no events or circumstances that warranted an interim impairment test for indefinite-lived intangible assets during the three months ended September 30, 2023 or 2022.

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


	Three Months Ended September 30,
	2023		2022
Amortization of acquired intangibles	$	1,955	$	2,788

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


	Fiscal Year Ending June 30,
	2024 (remainder of year)		2025		2026		2027		2028
Estimated amortization expense	$	4,454	$	5,505	$	5,082	$	5,010	$	3,870

The weighted average remaining amortization period of amortized intangible assets is 10.9 years.

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ (10,376)	$ 6,923
Adjustments to reconcile net (loss) income from operations to net cash provided by (used in) operating activities:
Depreciation and amortization	12,305	11,970
Deferred income taxes	(11,269)	(1,497)
Equity in net loss of equity-method investees	498	382
Stock-based compensation, net	3,742	3,994
Long-lived asset impairment	694	0
Loss (gain) on sale of assets	62	(60)
Other non-cash items, net	(556)	(1,457)
(Decrease) increase in cash attributable to changes in operating assets and liabilities:
Accounts receivable	(1,150)	(9,589)
Inventories	(7,423)	(16,907)
Other current assets	8,761	2,541
Other assets and liabilities	(3,198)	1,348
Accounts payable and accrued expenses	21,940	(2,764)
Net cash provided by (used in) operating activities	14,030	(5,116)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment	(6,906)	(7,215)
Investments and joint ventures, net	0	191
Proceeds from sale of assets	1,257	96
Net cash used in investing activities	(5,649)	(6,928)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings under bank revolving credit facility	46,000	80,000
Repayments under bank revolving credit facility	(57,000)	(68,000)
Repayments under term loan	(1,875)	(1,875)
Payments of other debt, net	(3,834)	(72)
Employee shares withheld for taxes	(875)	(229)
Net cash (used in) provided by financing activities	(17,584)	9,824
Effect of exchange rate changes on cash	(5,881)	(11,498)
Net decrease in cash and cash equivalents	(15,084)	(13,718)
Cash and cash equivalents at beginning of period	53,364	65,512
Cash and cash equivalents at end of period	$ 38,280	$ 51,794

LEASES - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Operating leases
2024 (remainder of year)	$ 11,808
2025	14,261
2026	13,605
2027	13,307
2028	13,390
Thereafter	74,979
Total lease payments	141,350
Less: Imputed interest	34,033
Total lease liabilities	107,317
Finance leases
2024 (remainder of year)	71
2025	93
2026	68
2027	53
2028	25
Thereafter	0
Total lease payments	310
Less: Imputed interest	26
Total lease liabilities	284	$ 305
Total
2024 (remainder of year)	11,879
2025	14,354
2026	13,673
2027	13,360
2028	13,415
Thereafter	74,979
Total lease payments	141,660
Less: Imputed interest	34,059
Total lease liabilities	$ 107,601	$ 100,808

(LOSS) EARNINGS PER SHARE - Computation Of Basic And Diluted Net (Loss) Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Net (loss) income	$ (10,376)	$ 6,923
Denominator:
Basic weighted average shares outstanding (shares)	89,512	89,307
Effect of dilutive stock options, unvested restricted stock and unvested restricted share units (shares)	0	186
Diluted weighted average shares outstanding (shares)	89,512	89,493
Basic net (loss) income per common share (USD per share)	$ (0.12)	$ 0.08
Diluted net (loss) income per common share (USD per share)	$ (0.12)	$ 0.08

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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-URI https://asc.fasb.org//1943274/2147483443/250-10-50-7

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-52

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

+ Details

- Definition

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

+ References

+ Details

SEGMENT INFORMATION (Tables)

3 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information


	Three Months Ended September 30,
	2023		2022
Net Sales:
North America	$	260,054	$	288,396
International	164,975		150,955
	$	425,029	$	439,351

Adjusted EBITDA:
North America	$	18,727	$	30,781
International	17,438		14,947
Total Reportable Segments Adjusted EBITDA	36,165		45,728
Corporate and Other	(12,075)		(9,699)
	24,090		36,029
Impairment charges

Long-lived asset impairment	(694)		—
Acquisitions, divestitures and other
Transaction and integration costs, net	(118)		(1,367)
(Loss) gain on sale of assets	(62)		40

Restructuring activities

Plant closure related costs, net	(1,841)		2
Productivity and transformation costs	(6,403)		(773)

Litigation and related costs	(1,524)		(2,463)
Depreciation and amortization	(12,305)		(11,970)
Equity in net loss of equity-method investees	(498)		(382)
Interest expense, net	(12,623)		(7,279)
Benefit (provision) for income taxes	5,379		(2,631)
Stock-based compensation, net	(3,742)		(3,994)
Unrealized currency (losses) gains	(35)		1,711
Net (loss) income	$	(10,376)	$	6,923

Schedule of Net Sales by Product and Geographic Areas

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


	Three Months Ended September 30,
	2023		2022
United States	$	230,659	$	259,508
United Kingdom	121,051		109,160
Europe	43,924		41,795
All Other	29,395		28,888
	$	425,029	$	439,351

LEASES - Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
LEASES - Lease Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Operating lease expenses	$ 4,578	$ 4,975
Finance lease expenses	37	69
Variable lease expenses	182	180
Short-term lease expenses	395	496
Total lease expenses	$ 5,192	$ 5,720

LEASES - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Leases [Abstract]
Operating lease ROU assets, net	$ 102,540	$ 95,894
Finance lease ROU assets, net	268	289
Total leased assets	102,808	96,183
Current operating liabilities	10,152	10,489
Current finance liabilities	84	83
Non-current operating liabilities	97,165	90,014
Non-current finance liabilities	200	222
Total lease liabilities	$ 107,601	$ 100,808
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Current portion of long-term debt	Current portion of long-term debt
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Long-term debt, less current portion	Long-term debt, less current portion

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 38,280	$ 53,364
Accounts receivable, less allowance for doubtful accounts of $3,018 and $2,750, respectively	158,094	160,948
Inventories	313,335	310,341
Prepaid expenses and other current assets	56,044	66,378
Total current assets	565,753	591,031
Property, plant and equipment, net	285,972	296,325
Goodwill	928,375	938,640
Trademarks and other intangible assets, net	290,867	298,105
Investments and joint ventures	12,298	12,798
Operating lease right-of-use assets, net	102,540	95,894
Other assets	31,091	25,846
Total assets	2,216,896	2,258,639
Current liabilities:
Accounts payable	142,291	134,780
Accrued expenses and other current liabilities	96,731	88,520
Current portion of long-term debt	7,568	7,567
Total current liabilities	246,590	230,867
Long-term debt, less current portion	807,401	821,181
Deferred income taxes	61,006	72,086
Operating lease liabilities, noncurrent portion	97,165	90,014
Other noncurrent liabilities	23,740	26,584
Total liabilities	1,235,902	1,240,732
Commitments and contingencies (Note 16)
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: 111,578 and 111,339 shares, respectively; outstanding: 89,628 and 89,475 shares, respectively	1,116	1,113
Additional paid-in capital	1,221,291	1,217,549
Retained earnings	642,185	652,561
Accumulated other comprehensive loss	(155,623)	(126,216)
Total stockholders' equity including treasury stock	1,708,969	1,745,007
Less: Treasury stock, at cost, 21,950 and 21,864 shares, respectively	(727,975)	(727,100)
Total stockholders’ equity	980,994	1,017,907
Total liabilities and stockholders’ equity	$ 2,216,896	$ 2,258,639

BASIS OF PRESENTATION (Details) - USD ($) $ in Thousands	3 Months Ended
BASIS OF PRESENTATION (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022
Accounting Policies [Abstract]
Accounts receivable sold, principal	$ 86,506	$ 83,659

FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE

3 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE

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

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

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

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

The following table presents assets and liabilities measured at fair value on a recurring basis as of September 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	$	20,236	$	—	$	20,236	$	—


Liabilities:
Derivative financial instruments	$	901	—		$	901	—

The following table presents 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	$	—

There were no transfers of financial instruments between the three levels of fair value hierarchy during the three months ended September 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 September 30, 2023 and June 30, 2023 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 the Company's goodwill balances and its 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.

- 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

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS - Narrative (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2023 USD ($) $ / shares shares
2023-2025 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (shares)	311
2022-2024 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (shares)	61
Performance Shares \| 2023-2025 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity outstanding (shares)	311
Performance Shares \| 2023-2025 LTIP \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of targeted award (as a percent)	0.00%
Performance Shares \| 2023-2025 LTIP \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of targeted award (as a percent)	200.00%
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee shares withheld for taxes (shares)	86
Exercised (USD per share) \| $ / shares	$ 10.17
Unrecognized stock-based compensation expense \| $	$ 13,677
Period for recognition (in years)	1 year 7 months 28 days
Subject to Achievement \| Performance Shares \| 2023-2025 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested shares during the period (shares)	15
Subject to Achievement \| Restricted Stock Units \| 2023-2025 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested shares during the period (shares)	224
Subject to Achievement \| Relative TSR PSUs \| 2023-2025 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested shares during the period (shares)	208
Subject to Achievement \| Absolute TSR PSUs \| 2023-2025 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested shares during the period (shares)	103
Vesting period (in years)	3 years

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (10,376)	$ 6,923
Pretax amount
Foreign currency translation adjustments before reclassifications	(32,933)	(67,149)
Change in deferred gains on cash flow hedging instruments	3,238	14,231
Change in deferred losses on fair value hedging instruments	(381)	(272)
Change in deferred gains on net investment hedging instruments	1,821	5,773
Total other comprehensive loss	(28,255)	(47,417)
Tax (expense) benefit
Foreign currency translation adjustments before reclassifications	0	0
Change in deferred gains on cash flow hedging instruments	(794)	(3,638)
Change in deferred losses on fair value hedging instruments	94	69
Change in deferred gains on net investment hedging instruments	(452)	(1,476)
Total other comprehensive loss	(1,152)	(5,045)
After tax amount
Foreign currency translation adjustments before reclassifications	(32,933)	(67,149)
Change in deferred gains on cash flow hedging instruments	2,444	10,593
Change in deferred losses on fair value hedging instruments	(287)	(203)
Change in deferred gains on net investment hedging instruments	1,369	4,297
Total other comprehensive loss	(29,407)	(52,462)
Total comprehensive loss	$ (39,783)	$ (45,539)

INVESTMENTS	3 Months Ended
INVESTMENTS	Sep. 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 September 30, 2023 and June 30, 2023, the carrying value of the Company’s investment in Founders Table was $7,654 and $8,032, 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 $4,644 and $4,766 as of September 30, 2023 and June 30, 2023, respectively, and is included in the Consolidated Balance Sheets as a component of Investments and joint ventures.

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS - Non-Vested Restricted Stock And Restricted Share Unit Awards (Details) - RSAs, RSUs, and PSUs shares in Thousands	3 Months Ended
	Sep. 30, 2023 $ / shares shares
Number of Shares and Units
Non-vested restricted stock, restricted share units, and performance units, beginning balance (shares) \| shares	1,288
Granted (shares) \| shares	0
Vested (shares) \| shares	(239)
Forfeited (shares) \| shares	(23)
Non-vested restricted stock, restricted share units, and performance units, ending balance (shares) \| shares	1,026
Weighted Average Grant Date Fair Value (per share)
Non-vested restricted stock, restricted share units, and performance units beginning balance (USD per share) \| $ / shares	$ 26.37
Granted (USD per share) \| $ / shares	0
Vested (USD per share) \| $ / shares	23.08
Forfeited (USD per share) \| $ / shares	29.74
Non-vested restricted stock, restricted share units, and performance units ending balance (USD per share) \| $ / shares	$ 26.17

LEASES - Other Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 4,215	$ 3,968
Operating cash flows from finance leases	3	4
Financing cash flows from finance leases	19	52
ROU assets obtained in exchange for lease obligations:
Operating leases	10,986	7,143
Finance leases	$ 0	$ 26
Weighted average remaining lease term:
Operating leases	10 years 3 months 18 days	10 years 2 months 12 days
Finance leases	3 years 7 months 6 days	4 years 1 month 6 days
Weighted average discount rate:
Operating leases	5.10%	4.50%
Finance leases	4.50%	4.30%

DERIVATIVES AND HEDGING ACTIVITIES

3 Months Ended

Sep. 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 the three months ended September 30, 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 the remaining nine months of fiscal 2024, the Company estimates that an additional $6,967 will be reclassified as a decrease to interest expense.

As of September 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 risk.

For derivatives designated and that qualify as cash flow hedges of foreign exchange risk, the gain or loss on the derivative is recorded in AOCL and subsequently reclassified in the period(s) during which the hedged transaction affects earnings within the same income statement line item as the earnings effect of the hedged transaction. During the remaining nine months of fiscal 2024, the Company estimates that no amount relating to the cross-currency swaps will be reclassified to interest expense. As of September 30, 2023, the Company had the following outstanding foreign currency derivatives that were used to hedge its foreign exchange risk.


Foreign Currency Derivative	Number of Instruments	Notional Sold	Notional Purchased

Foreign currency forward contract	4	£3,467	€4,000

Net Investment Hedges

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

For derivatives designated as net investment hedges, the gain or loss on the derivative is reported in 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 September 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 the remaining nine months of fiscal 2024, the Company estimates that an additional $359 relating to cross currency swaps will be reclassified as a decrease to interest expense.

As of September 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 September 30, 2023 and 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

	September 30, 2023		June 30, 2023		September 30, 2023		June 30, 2023
Intercompany loan receivable	$	26,115	$	26,945	$	830	$	924

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 September 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	$	8,964	Accrued expenses and other current liabilities	$	—
Interest rate swaps	Other noncurrent assets	8,855		Other noncurrent liabilities	—
Cross-currency swaps	Prepaid expenses and other current assets	2,376		Accrued expenses and other current liabilities	—
Cross-currency swaps	Other noncurrent assets	—		Other noncurrent liabilities	901
Foreign currency forward contracts	Prepaid expenses and other current assets	41		Other noncurrent liabilities	—
Total derivatives designated as hedging instruments		$	20,236		$	901

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 pre-tax effect of cash flow hedge accounting on AOCL for the three months ended September 30, 2023 and 2022:


Derivatives in Cash Flow Hedging Relationships	Amount of Gain Recognized in AOCL on Derivatives				Location of Gain (Loss) Reclassified from AOCL into Income (Expense)	Amount of Gain (Loss) Reclassified from AOCL into Income (Expense)
	Three Months Ended September 30,					Three Months Ended September 30,
	2023		2022			2023		2022
Interest rate swaps	$	5,478	$	15,262	Interest and other financing expense, net	$	2,281	$	1,146
Cross-currency swaps	—		—		Interest and other financing expense, net / Other (income) expense, net	—		(115)
Foreign currency forward contracts	41		—		Cost of sales	—		—
	$	5,519	$	15,262		$	2,281	$	1,031


				Location and Amount of Gain (Loss) Recognized in the Consolidated Statements of Operations on Cash Flow Hedging Relationships
				Three Months Ended September 30, 2023				Three Months Ended September 30, 2022
				Cost of sales		Interest and other financing expense, net			Cost of sales		Interest and other financing expense, 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	$	—	$	2,281		$	—	$	1,146

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

The following table presents the pre-tax effect of fair value hedge accounting on AOCL for the three months ended September 30, 2023 and 2022:


Derivatives in Fair value Hedging Relationships	Amount of Gain Recognized in AOCL on Derivatives				Location of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing)	Amount of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing)
	Three Months Ended September 30,					Three Months Ended September 30,
	2023		2022			2023		2022

Cross-currency swaps	$	572	$	1,539	Interest and other financing expense, net	$	123	$	123

	$	572	$	1,539		$	123	$	123


				Location and Amount of Gain Recognized in the Consolidated Statements of Operations on Fair Value Hedging Relationships
				Three Months Ended September 30, 2023						Three Months Ended September 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 gain reclassified from AOCL into income	$	—	$	953	$	—	$	—	$	123	$	1,688

The following table presents the pre-tax effect of the Company’s net investment hedges on AOCL and the Consolidated Statements of Operations for the three months ended September 30, 2023 and 2022:


Derivatives in Net Investment Hedging Relationships	Amount of Gain Recognized in AOCL on Derivatives				Location of Gain (Loss) Recognized in Income (Expense) on Derivatives (Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income (Expense) on Derivatives (Amount Excluded from Effectiveness Testing)
	Three Months Ended September 30,					Three Months Ended September 30,
	2023		2022			2023		2022
Cross-currency swaps	$	2,316	$	6,268	Interest and other financing expense, net	$	495	$	(495)

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.

(LOSS) EARNINGS PER SHARE (Tables)

3 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Computation of Basic and Diluted 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:


	Three Months Ended September 30,
	2023		2022
Numerator:
Net (loss) income	$	(10,376)	$	6,923

Denominator:
Basic weighted average shares outstanding	89,512		89,307
Effect of dilutive stock options, unvested restricted stock and unvested restricted share units	—		186
Diluted weighted average shares outstanding	89,512		89,493


Basic net (loss) income per common share	$	(0.12)	$	0.08


Diluted net (loss) income per common share	$	(0.12)	$	0.08

DERIVATIVES AND HEDGING ACTIVITIES - Pre-Tax Effect of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Reclassified from AOCL into Income (Expense)	$ (15,257)	$ 9,936
Interest rate swap \| Cost of sales \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Reclassified from AOCL into Income (Expense)	0	0
Interest rate swap \| Interest and other financing expense, net \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Reclassified from AOCL into Income (Expense)	$ 2,281	1,146
Cross-currency swap \| Interest and other financing expense, net \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Reclassified from AOCL into Income (Expense)		$ (115)

INCOME TAXES (Details)	3 Months Ended
INCOME TAXES (Details)	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate (benefit) expense	(35.30%)	26.50%

DEBT AND BORROWINGS - Components Of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Line of Credit Facility [Line Items]
Less: Unamortized issuance costs	$ (2,190)	$ (1,307)
Other borrowings	284	305
Long-term debt	814,969	828,748
Short-term borrowings and current portion of long-term debt	7,568	7,567
Long-term debt, less current portion	807,401	821,181
Total lease liabilities	284	305
Current finance liabilities	84	83
Second Amendment and Restated Credit Agreement \| Term loans
Line of Credit Facility [Line Items]
Debt, gross	286,875
Second Amendment and Restated Credit Agreement \| Revolving credit facility \| Line of Credit
Line of Credit Facility [Line Items]
Debt, gross	$ 530,000
Amended and Restated Credit Agreement \| Term loans
Line of Credit Facility [Line Items]
Debt, gross		288,750
Amended and Restated Credit Agreement \| Revolving credit facility \| Line of Credit
Line of Credit Facility [Line Items]
Debt, gross		$ 541,000

ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Sep. 30, 2023

Equity [Abstract]

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 Gains on Fair Value Hedging Instruments, Net		Deferred Gains on Net Investment Hedging Instruments, Net		Total












Balance at June 30, 2022	$	(168,225)	$	519	$	500	$	2,724	$	(164,482)
Other comprehensive (loss) income before reclassifications	(67,149)		11,360		1,145		4,666		(49,978)
Amounts reclassified into income	—		(767)		(1,348)		(369)		(2,484)
Net change in accumulated other comprehensive (loss) income for the three months ended September 30, 2022(1)	(67,149)		10,593		(203)		4,297		(52,462)
Balance at September 30, 2022	$	(235,374)	$	11,112	$	297	$	7,021	$	(216,944)

Balance at June 30, 2023	$	(138,028)	$	10,898	$	685	$	229	$	(126,216)
Other comprehensive (loss) income before reclassifications	(32,933)		4,159		430		1,741		(26,603)
Amounts reclassified into income	—		(1,715)		(717)		(372)		(2,804)
Net change in accumulated other comprehensive (loss) income for the three months ended September 30, 2023(1)	(32,933)		2,444		(287)		1,369		(29,407)
Balance at September 30, 2023	$	(170,961)	$	13,342	$	398	$	1,598	$	(155,623)

(1)See Note 14, Derivatives and Hedging Activities, for the amounts reclassified into income for deferred gains on hedging instruments recorded in the Consolidated Statements of Operations during the three months ended September 30, 2023 and 2022.

- 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)
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-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-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
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-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
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-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
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-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

DERIVATIVES AND HEDGING ACTIVITIES - Cash Flow Hedges and Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Recognized in AOCL on Derivatives	$ 5,519	$ 15,262
Interest and other financing expense, net / Other (income) expense, net	265	1,790
Cost of sales	341,086	345,016
Reclassification out of Accumulated Other Comprehensive Income \| Deferred Gains on Cash Flow Hedging Instruments, Net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Reclassified from AOCL into Income (Expense)	2,281	1,031
Interest rate swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Recognized in AOCL on Derivatives	5,478	15,262
Interest rate swap \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred Gains on Cash Flow Hedging Instruments, Net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest and other financing expense, net	2,281	1,146
Cross-currency swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Recognized in AOCL on Derivatives	0	0
Cross-currency swap \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred Gains on Cash Flow Hedging Instruments, Net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest and other financing expense, net / Other (income) expense, net	0	(115)
Foreign currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Recognized in AOCL on Derivatives	41	0
Foreign currency forward contracts \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred Gains on Cash Flow Hedging Instruments, Net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cost of sales	$ 0	$ 0

TRANSFORMATION PROGRAM - Restructuring Activity and Liability Balances (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2023 USD ($)
Restructuring Reserve [Roll Forward]
Charges	$ 9,723
Amounts Paid	(1,590)
Non-cash settlements/Adjustments	(1,521)
Restructuring reserve	6,612
Employee-related costs
Restructuring Reserve [Roll Forward]
Charges	1,115
Amounts Paid	(46)
Non-cash settlements/Adjustments	0
Restructuring reserve	1,069
Contract termination costs
Restructuring Reserve [Roll Forward]
Charges	1,799
Amounts Paid	(1,528)
Non-cash settlements/Adjustments	0
Restructuring reserve	271
Asset write-downs
Restructuring Reserve [Roll Forward]
Charges	1,521
Amounts Paid	0
Non-cash settlements/Adjustments	(1,521)
Restructuring reserve	0
Other transformation-related expenses
Restructuring Reserve [Roll Forward]
Charges	5,288
Amounts Paid	(16)
Non-cash settlements/Adjustments	0
Restructuring reserve	5,272
Executive Officer Succession
Restructuring Reserve [Roll Forward]
Severance related costs	491
Corporate and Other
Restructuring Reserve [Roll Forward]
Charges	5,770
North America \| Operating Segments
Restructuring Reserve [Roll Forward]
Charges	3,358
International \| Operating Segments
Restructuring Reserve [Roll Forward]
Charges	$ 595

DERIVATIVES AND HEDGING ACTIVITIES - Net Investment Hedges and Accumulated Other Comprehensive Loss (Details) - Cross-currency swap - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Recognized in AOCL on Derivatives	$ 2,316	$ 6,268
Net Investment Hedging \| Interest and other financing expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in Income (Expense) on Derivatives (Amount Excluded from Effectiveness Testing)	$ 495	$ (495)

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 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

INVENTORIES (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 199,043	$ 192,007
Raw materials, work-in-progress, and packaging	114,292	118,334
Total inventories	$ 313,335	$ 310,341

BASIS OF PRESENTATION (Policies)	3 Months Ended
BASIS OF PRESENTATION (Policies)	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	BASIS OF PRESENTATION The Company’s unaudited consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation. Investments in affiliated companies in which the Company exerts significant influence, but which it does not control, are accounted for under the equity method of accounting. As such, consolidated net loss includes the Company's equity in the current earnings or losses of such companies. The Company's unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP and should be read in conjunction with the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2023 (the “Form 10-K”). The amounts as of and for the periods ended June 30, 2023 are derived from the Company’s audited annual financial statements. The unaudited consolidated financial statements reflect all normal recurring adjustments which, in management’s opinion, are necessary for a fair presentation for interim periods. Operating results for the three months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2024. Please refer to the Notes to the Consolidated Financial Statements as of June 30, 2023 and for the fiscal year then ended included in the Form 10-K for information not included in these condensed notes. All amounts in the unaudited consolidated financial statements, notes and tables have been rounded to the nearest thousands, except par values and per share amounts, unless otherwise indicated.
Significant Accounting Policies	Significant Accounting Policies The Company's significant accounting policies are described in Note 2, Summary of Significant Accounting Policies and Practices, in the Notes to the Consolidated Financial Statements in the Form 10-K. Included herein are certain updates to those policies.
Transfer of Financial Assets	Transfer of Financial Assets The Company accounts for transfers of financial assets, such as non-recourse accounts receivable financing arrangements, when the Company has surrendered control over the related assets. Determining whether control has transferred requires an evaluation of relevant legal considerations, an assessment of the nature and extent of the Company’s continuing involvement with the assets transferred and any other relevant considerations. The Company has non-recourse financing arrangements in which eligible receivables are sold to third-party buyers in exchange for cash. The Company transferred accounts receivable in their entirety to the buyers and satisfied all of the conditions to report the transfer of financial assets in their entirety as a sale. The principal amount of receivables sold under these arrangements was $86,506 and $83,659 during the three months ended September 30, 2023 and 2022, respectively. The incremental cost of financing receivables under these arrangements is included in selling, general and administrative expenses on the Company’s Consolidated Statements of Operations. The proceeds from the sale of receivables are included in cash provided by operating activities on the Consolidated Statements of Cash Flows.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In July 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-03, “Presentation of Financial Statement (Topic 205), Income Statement - Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation - Stock Compensation (Topic 718)”, to amend various SEC paragraphs in the Accounting Standards Codification to reflect the issuance of SEC Staff Accounting Bulletin No. 120, among other things. The Company adopted this conforming guidance upon issuance, which had no material impact on its condensed consolidated financial statements and related disclosures.

GOODWILL AND OTHER INTANGIBLE ASSETS - Components Of Trademarks And Other Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Sep. 30, 2023
Amortized intangible assets:
Other intangibles	$ 161,874	$ 157,764
Less: Accumulated amortization	(114,629)	(113,426)
Net amortized intangible assets	47,245	44,338
Net other intangible assets	298,105	290,867
ParmCrisps \| Other Intangible Assets
Amortized intangible assets:
Non-cash impairment charge	45,798
Trademarks and tradenames
Indefinite-lived Intangible Assets [Line Items]
Trademarks and tradenames	250,860	246,529
Accumulated impairment charges	$ 223,981	$ 223,981

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS (Tables)

3 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Compensation Cost and Related Income Tax Benefits Recognized

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


	Three Months Ended September 30,
	2023		2022
Selling, general and administrative expense	$	3,742	$	3,994
Related income tax benefit	$	456	$	402

Non-Vested Restricted Stock and Restricted Share Unit Awards

A summary of the restricted stock activity (including all RSAs, RSUs and PSUs) for the three months ended September 30, 2023 is as follows:


	Number of Shares and Units	Weighted Average Grant Date Fair Value (per share)
Non-vested RSAs, RSUs and PSUs outstanding at June 30, 2023	1,288	$	26.37
Granted	—	$	—
Vested	(239)	$	23.08
Forfeited	(23)	$	29.74
Non-vested RSAs, RSUs and PSUs outstanding at September 30, 2023	1,026	$	26.17

Restricted Stock Grant Information

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


	Three Months Ended September 30,
	2023		2022
Fair value of RSAs, RSUs and PSUs granted	$	—	$	19,839
Fair value of shares vested	$	2,422	$	576
Tax benefit recognized from restricted shares vesting	$	281	$	78

Schedule of Fair Value Assumptions

Grant date fair values are calculated using a Monte Carlo simulation model with grant date fair values per target share and related valuation assumptions as follows for grants prior to January 1, 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


	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

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Changes in Accumulated Other Comprehensive Loss (“AOCL”):
Beginning balance	$ 1,017,907	$ 1,083,168
Other comprehensive (loss) income before reclassifications	(26,603)	(49,978)
Amount of gain reclassified from AOCL into (expense) income	(2,804)	(2,484)
Total other comprehensive loss	(29,407)	(52,462)
Ending balance	980,994	1,041,395
Accumulated Other Comprehensive Loss
Changes in Accumulated Other Comprehensive Loss (“AOCL”):
Beginning balance	(126,216)	(164,482)
Ending balance	(155,623)	(216,944)
Foreign Currency Translation Adjustment, Net
Changes in Accumulated Other Comprehensive Loss (“AOCL”):
Beginning balance	(138,028)	(168,225)
Other comprehensive (loss) income before reclassifications	(32,933)	(67,149)
Amount of gain reclassified from AOCL into (expense) income	0	0
Total other comprehensive loss	(32,933)	(67,149)
Ending balance	(170,961)	(235,374)
Deferred Gains on Cash Flow Hedging Instruments, Net
Changes in Accumulated Other Comprehensive Loss (“AOCL”):
Beginning balance	10,898	519
Other comprehensive (loss) income before reclassifications	4,159	11,360
Amount of gain reclassified from AOCL into (expense) income	(1,715)	(767)
Total other comprehensive loss	2,444	10,593
Ending balance	13,342	11,112
Deferred Gains on Fair Value Hedging Instruments, Net
Changes in Accumulated Other Comprehensive Loss (“AOCL”):
Beginning balance	685	500
Other comprehensive (loss) income before reclassifications	430	1,145
Amount of gain reclassified from AOCL into (expense) income	(717)	(1,348)
Total other comprehensive loss	(287)	(203)
Ending balance	398	297
Deferred Gains on Net Investment Hedging Instruments, Net
Changes in Accumulated Other Comprehensive Loss (“AOCL”):
Beginning balance	229	2,724
Other comprehensive (loss) income before reclassifications	1,741	4,666
Amount of gain reclassified from AOCL into (expense) income	(372)	(369)
Total other comprehensive loss	1,369	4,297
Ending balance	$ 1,598	$ 7,021

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details)	Sep. 30, 2023
Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	7 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	25 years
Weighted Average
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	10 years 10 months 24 days

DERIVATIVES AND HEDGING ACTIVITIES - Fair Value Hedges and Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income	$ (10,376)	$ 6,923
Fair Value Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Recognized in AOCL on Derivatives	572	1,539
Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain Loss From Fair Value Hedges Attributable To Parent \| Fair Value Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest and other financing expense, net	123	123
Cross-currency swap \| Fair Value Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Recognized in AOCL on Derivatives	572	1,539
Cross-currency swap \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain Loss From Fair Value Hedges Attributable To Parent \| Fair Value Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest and other financing expense, net	123	123
Cross-currency swap \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain Loss From Fair Value Hedges Attributable To Parent \| Fair Value Hedging \| Cost of sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income	0	0
Cross-currency swap \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain Loss From Fair Value Hedges Attributable To Parent \| Fair Value Hedging \| Interest and other financing expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income	953	123
Cross-currency swap \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain Loss From Fair Value Hedges Attributable To Parent \| Fair Value Hedging \| Other expense (income), net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (loss) income	$ 0	$ 1,688

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

(LOSS) EARNINGS PER SHARE - Narrative (Details) - shares shares in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (shares)		489
Stock Based Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (shares)	372	298

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 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. On September 29, 2023, the District Court granted Defendants’ Motion to Dismiss the Second Amended Complaint. Plaintiffs filed notice of appeal on October 26, 2023. 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. On November 3, 2023, the Parties filed a joint request to continue the temporary stay of the Derivative Action pending resolution of the Securities Class Action appeal and await a response from the Court. 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. The Company filed its appellate brief on September 26, 2023. It is expected that the matter will be fully briefed this fall. No argument date has been set. •In NC v. The Hain Celestial Group, et al., pending in the Superior Court for the State of California, County of Los Angeles, as a result of successful defense pretrial motions, including the Company's motion for summary judgment, the Company expects that the case will be dismissed and judgment will soon be entered in the Company's favor. •In Watkins v. Plum, PBC, et al., currently pending in the United States District Court for the Eastern District of Louisiana, the Court has set the case for trial beginning on August 12, 2024. 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 was denied on October 5, 2023. The parties have begun to engage in discovery. •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. On October 24, 2023, the Court granted Plaintiffs’ Motion and Hain was added as a defendant to the case. In September 2023, the two Nevada state court cases previously pending in Clark County District Court, Benitez v. Beech-Nut Nutrition Company, Inc., et al. and Buenaventura v. Beech-Nut Nutrition Company, Inc., were both voluntarily dismissed. 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 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.

PROPERTY, PLANT AND EQUIPMENT, NET - Property, plant and equipment, net (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 529,600	$ 537,843
Less: Accumulated depreciation and impairment	243,628	241,518
Property, plant and equipment, net	285,972	296,325
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	11,202	11,453
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	53,926	55,354
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	327,790	335,912
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	53,658	54,192
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	20,301	20,722
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	48,834	49,394
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 13,889	$ 10,816

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Net sales	$ 425,029	$ 439,351
Cost of sales	341,086	345,016
Gross profit	83,943	94,335
Selling, general and administrative expenses	77,169	74,951
Productivity and transformation costs	6,403	773
Amortization of acquired intangible assets	1,955	2,788
Long-lived asset impairment	694	0
Operating (loss) income	(2,278)	15,823
Interest and other financing expense, net	13,244	7,677
Other income, net	(265)	(1,790)
(Loss) income from operations before income taxes and equity in net loss of equity-method investees	(15,257)	9,936
(Benefit) provision for income taxes	(5,379)	2,631
Equity in net loss of equity-method investees	498	382
Net (loss) income	$ (10,376)	$ 6,923
Net (loss) income per common share:
Basic (USD per share)	$ (0.12)	$ 0.08
Diluted (USD per share)	$ (0.12)	$ 0.08
Shares used in the calculation of net (loss) income per common share:
Basic (shares)	89,512	89,307
Diluted (shares)	89,512	89,493

BUSINESS (Details)	3 Months Ended
BUSINESS (Details)	Sep. 30, 2023 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	2

SEGMENT INFORMATION - Narrative (Details)	3 Months Ended
SEGMENT INFORMATION - Narrative (Details)	Sep. 30, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments	2
Number of operating segments	2

LEASES

3 Months Ended

Sep. 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.

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

The components of lease expenses for the three months ended September 30, 2023 and 2022 were as follows:


	Three Months Ended
	September 30, 2023		September 30, 2022
Operating lease expenses	$	4,578	$	4,975



Finance lease expenses	37		69
Variable lease expenses	182		180
Short-term lease expenses	395		496
Total lease expenses	$	5,192	$	5,720

Supplemental balance sheet information related to leases was as follows:


Leases	Classification	September 30, 2023		June 30, 2023
Assets
Operating lease ROU assets, net	Operating lease right-of-use assets, net	$	102,540	$	95,894

Finance lease ROU assets, net	Property, plant and equipment, net	268		289

Total leased assets		$	102,808	$	96,183

Liabilities
Current
Operating	Accrued expenses and other current liabilities	$	10,152	$	10,489

Finance	Current portion of long-term debt	84		83

Non-current
Operating	Operating lease liabilities, noncurrent portion	97,165		90,014
Finance	Long-term debt, less current portion	200		222
Total lease liabilities		$	107,601	$	100,808

Additional information related to leases is as follows:


	Three Months Ended
	September 30, 2023			September 30, 2022
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,215		$	3,968
Operating cash flows from finance leases	$	3		$	4
Financing cash flows from finance leases	$	19		$	52
ROU assets obtained in exchange for lease obligations:
Operating leases	$	10,986		$	7,143
Finance leases	$	—		$	26


Weighted average remaining lease term:
Operating leases	10.3 years			10.2 years
Finance leases	3.6 years			4.1 years
Weighted average discount rate:
Operating leases	5.1		%	4.5		%
Finance leases	4.5		%	4.3		%

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


Fiscal Year	Operating leases		Finance leases		Total
2024 (remainder of year)	$	11,808	$	71	$	11,879
2025	14,261		93		14,354
2026	13,605		68		13,673
2027	13,307		53		13,360
2028	13,390		25		13,415
Thereafter	74,979		—		74,979
Total lease payments	141,350		310		141,660
Less: Imputed interest	34,033		26		34,059
Total lease liabilities	$	107,317	$	284	$	107,601

LEASES

The components of lease expenses for the three months ended September 30, 2023 and 2022 were as follows:


	Three Months Ended
	September 30, 2023		September 30, 2022
Operating lease expenses	$	4,578	$	4,975



Finance lease expenses	37		69
Variable lease expenses	182		180
Short-term lease expenses	395		496
Total lease expenses	$	5,192	$	5,720

Supplemental balance sheet information related to leases was as follows:


Leases	Classification	September 30, 2023		June 30, 2023
Assets
Operating lease ROU assets, net	Operating lease right-of-use assets, net	$	102,540	$	95,894

Finance lease ROU assets, net	Property, plant and equipment, net	268		289

Total leased assets		$	102,808	$	96,183

Liabilities
Current
Operating	Accrued expenses and other current liabilities	$	10,152	$	10,489

Finance	Current portion of long-term debt	84		83

Non-current
Operating	Operating lease liabilities, noncurrent portion	97,165		90,014
Finance	Long-term debt, less current portion	200		222
Total lease liabilities		$	107,601	$	100,808

Additional information related to leases is as follows:


	Three Months Ended
	September 30, 2023			September 30, 2022
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,215		$	3,968
Operating cash flows from finance leases	$	3		$	4
Financing cash flows from finance leases	$	19		$	52
ROU assets obtained in exchange for lease obligations:
Operating leases	$	10,986		$	7,143
Finance leases	$	—		$	26


Weighted average remaining lease term:
Operating leases	10.3 years			10.2 years
Finance leases	3.6 years			4.1 years
Weighted average discount rate:
Operating leases	5.1		%	4.5		%
Finance leases	4.5		%	4.3		%

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


Fiscal Year	Operating leases		Finance leases		Total
2024 (remainder of year)	$	11,808	$	71	$	11,879
2025	14,261		93		14,354
2026	13,605		68		13,673
2027	13,307		53		13,360
2028	13,390		25		13,415
Thereafter	74,979		—		74,979
Total lease payments	141,350		310		141,660
Less: Imputed interest	34,033		26		34,059
Total lease liabilities	$	107,317	$	284	$	107,601

SEGMENT INFORMATION - Net Sales (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 425,029	$ 439,351
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	230,659	259,508
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	121,051	109,160
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	43,924	41,795
All Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 29,395	$ 28,888

- 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

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-Topic 924
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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+ Details

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

3 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of 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 Gains on Fair Value Hedging Instruments, Net		Deferred Gains on Net Investment Hedging Instruments, Net		Total












Balance at June 30, 2022	$	(168,225)	$	519	$	500	$	2,724	$	(164,482)
Other comprehensive (loss) income before reclassifications	(67,149)		11,360		1,145		4,666		(49,978)
Amounts reclassified into income	—		(767)		(1,348)		(369)		(2,484)
Net change in accumulated other comprehensive (loss) income for the three months ended September 30, 2022(1)	(67,149)		10,593		(203)		4,297		(52,462)
Balance at September 30, 2022	$	(235,374)	$	11,112	$	297	$	7,021	$	(216,944)

Balance at June 30, 2023	$	(138,028)	$	10,898	$	685	$	229	$	(126,216)
Other comprehensive (loss) income before reclassifications	(32,933)		4,159		430		1,741		(26,603)
Amounts reclassified into income	—		(1,715)		(717)		(372)		(2,804)
Net change in accumulated other comprehensive (loss) income for the three months ended September 30, 2023(1)	(32,933)		2,444		(287)		1,369		(29,407)
Balance at September 30, 2023	$	(170,961)	$	13,342	$	398	$	1,598	$	(155,623)

STOCK-BASED COMPENSATION AND INCENTIVE PERFORMANCE PLANS - Restricted Stock Grant Information (Details) - RSAs, RSUs, and PSUs - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of RSAs, RSUs and PSUs granted	$ 0	$ 19,839
Fair value of shares vested	2,422	576
Tax benefit recognized from restricted shares vesting	$ 281	$ 78

- 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

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+ Details

FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE - Assets And Liabilities Measured At Fair Value On A Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Assets:
Derivative financial instruments	$ 20,236	$ 16,988
Liabilities:
Derivative financial instruments	901	3,160
Quoted prices in active markets (Level 1)
Assets:
Derivative financial instruments	0	0
Liabilities:
Derivative financial instruments	0	0
Significant other observable inputs (Level 2)
Assets:
Derivative financial instruments	20,236	16,988
Liabilities:
Derivative financial instruments	901	3,160
Significant unobservable inputs (Level 3)
Assets:
Derivative financial instruments	0	0
Liabilities:
Derivative financial instruments	$ 0	$ 0

GOODWILL AND OTHER INTANGIBLE ASSETS - Changes In Carrying Amount Of Goodwill (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2023 USD ($)
Goodwill
Beginning balance, goodwill	$ 938,640
Translation	(10,265)
Ending balance, goodwill	928,375
North America
Goodwill
Beginning balance, goodwill	697,053
Translation	(1,001)
Ending balance, goodwill	696,052
International
Goodwill
Beginning balance, goodwill	241,587
Translation	(9,264)
Ending balance, goodwill	$ 232,323

- Definition

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

+ References + Details