Other (Expense) Income, net

12 Months Ended

Jun. 30, 2016

Other Income and Expenses [Abstract]

Other (Expense) Income, net

Note 9—Other (Expense) Income, net

Other (expense) income, net is comprised of the following:

	Successor						Predecessor
	Fiscal Year Ended				Period from August		Period from July 1
	June 30,				15, 2013 through		2013 through
	2016		2015		June 30, 2014		August 14, 2013
Equity in net earnings of unconsolidated entities	$	—	$	138	$	225	$	23
Foreign currency (losses) gains		(5,182)		12,171		777		364
Gain on settlement of multiemployer pension liability		—		—		—		676
Impairment on investment		—		—		(1,006)		—
(Loss) gain on derivatives		(1,147)		(2,307)		391		—
Other (loss) income		(74)		623		(17)		—
Other (expense) income, net	$	(6,403)	$	10,625	$	370	$	1,063

The Company previously held a 50% ownership interest in SR3 Solutions, LLC (“SR3”), a packaging brokerage business, which was accounted for using the equity method of accounting. In June 2014, the two principals of SR3 informed the Company that they would not renew their employment agreements that were to expire in August 2014 and began discussions to dissolve the partnership. Due to the principals’ decision the Company determined the investment was fully impaired and recorded an impairment loss of $1,006 in the period from August 15, 2013 through June 30, 2014.