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Income Taxes (Tables)
12 Months Ended
Jun. 30, 2016
Income Tax Disclosure [Abstract]  
Schedule of Provision For Income Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State

    

$

113

 

$

270

 

$

127

 

 

$

(395)

 

Federal

 

 

149

 

 

 —

 

 

3

 

 

 

 —

 

Foreign

 

 

8,053

 

 

7,327

 

 

4,504

 

 

 

375

 

Total current

 

 

8,315

 

 

7,597

 

 

4,634

 

 

 

(20)

 

Deferred:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State

 

 

314

 

 

(2,880)

 

 

(2,043)

 

 

 

(1,535)

 

Federal

 

 

1,094

 

 

(7,497)

 

 

(17,850)

 

 

 

(13,818)

 

Foreign

 

 

(1,868)

 

 

900

 

 

(4,222)

 

 

 

(248)

 

Total deferred

 

 

(460)

 

 

(9,477)

 

 

(24,115)

 

 

 

(15,601)

 

Income tax expense (benefit)

 

$

7,855

 

$

(1,880)

 

$

(19,481)

 

 

$

(15,621)

 

 

Schedule Of Geographic Components Of Income Before Income Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

United States

    

$

5,326

 

$

(29,377)

 

$

(68,079)

 

 

$

(41,656)

 

Rest of World

 

 

3,856

 

 

34,523

 

 

(3,050)

 

 

 

2,350

 

Income (loss) before income taxes

 

$

9,182

 

$

5,146

 

$

(71,129)

 

 

$

(39,306)

 

 

Reconciliations of Expected Income Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Income tax expense (benefit) at statutory rate

    

$

3,214

 

$

1,801

 

$

(24,895)

 

 

$

(13,757)

 

Non-deductible transaction costs

 

 

449

 

 

608

 

 

3,907

 

 

 

1,467

 

Foreign tax rate differentials

 

 

(499)

 

 

(4,245)

 

 

723

 

 

 

(455)

 

State taxes, net of federal benefit

 

 

427

 

 

(134)

 

 

(1,916)

 

 

 

(2,461)

 

Adjustment of uncertain tax positions and interest

 

 

(347)

 

 

(1,253)

 

 

 —

 

 

 

 —

 

Non-deductible stock based compensation

 

 

5,241

 

 

1,806

 

 

 —

 

 

 

 —

 

Permanent differences

 

 

1,428

 

 

1,043

 

 

1,354

 

 

 

16

 

Valuation allowance

 

 

1,012

 

 

316

 

 

1,445

 

 

 

 —

 

Change in enacted tax rates

 

 

(2,438)

 

 

(2,746)

 

 

 —

 

 

 

 —

 

Other

 

 

(632)

 

 

924

 

 

(99)

 

 

 

(431)

 

Income tax expense (benefit)

 

$

7,855

 

$

(1,880)

 

$

(19,481)

 

 

$

(15,621)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective tax rate

 

 

85.5%

 

 

-36.5%

 

 

27.4%

 

 

 

39.7%

 

 

Schedule of Deferred Tax Assets and Liabilities

 

 

 

 

 

 

 

 

 

 

Successor

 

 

    

As of

    

As of

 

 

 

June 30, 2016

 

June 30, 2015

 

Deferred tax assets:

 

 

 

 

 

 

 

Inventories

 

$

2,183

 

$

2,194

 

Net operating losses and other carryforwards

 

 

32,374

 

 

37,342

 

Allowance for doubtful accounts

 

 

686

 

 

894

 

Stock based and other compensation

 

 

3

 

 

1,502

 

Post-retirement benefits

 

 

1,690

 

 

6,125

 

Interest

 

 

 —

 

 

 —

 

Goodwill

 

 

 —

 

 

2,057

 

Accrued expenses and other

 

 

5,843

 

 

9,306

 

Gross deferred tax assets

 

 

42,779

 

 

59,420

 

Valuation allowance

 

 

(10,544)

 

 

(10,050)

 

Deferred tax assets

 

 

32,235

 

 

49,370

 

Deferred tax liabilities:

 

 

 

 

 

 

 

Property and equipment

 

 

(18,005)

 

 

(19,469)

 

Goodwill

 

 

(685)

 

 

 —

 

Intangible assets

 

 

(78,960)

 

 

(99,940)

 

Deferred tax liabilities

 

 

(97,650)

 

 

(119,409)

 

Net deferred tax liability

 

$

(65,415)

 

$

(70,039)

 

 

Schedule of Unrecognized Tax Benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

At the beginning of the period

    

$

2,794

 

$

1,601

 

$

348

 

 

$

348

 

Acquisitions

 

 

 —

 

 

2,636

 

 

1,253

 

 

 

 —

 

Accrued interest and penalties

 

 

 —

 

 

65

 

 

 —

 

 

 

 —

 

Decreases for tax positions related to prior periods

 

 

(341)

 

 

(255)

 

 

 —

 

 

 

 —

 

Decreases due to lapsed statute of limitations

 

 

(347)

 

 

(1,253)

 

 

 —

 

 

 

 —

 

At the end of the period

 

$

2,106

 

$

2,794

 

$

1,601

 

 

$

348