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Segments (Tables)
12 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Net Sales

 

 

 

 

 

 

 

 

 

 

    

 

 

North America

 

$

784,453

 

$

737,888

 

$

452,031

 

    

$

58,728

Europe

 

 

785,997

 

 

820,391

 

 

354,396

 

    

 

15,353

Asia

 

 

90,978

 

 

59,361

 

 

7,786

 

    

 

 —

Total Net Sales

 

$

1,661,428

 

$

1,617,640

 

$

814,213

 

    

$

74,081

 

 

 

 

 

 

 

 

 

 

 

    

 

 

Depreciation and Amortization

 

 

 

 

 

 

 

 

 

 

    

 

 

North America

 

$

60,281

 

$

59,626

 

$

44,600

 

    

$

2,915

Europe

 

 

64,703

 

 

68,663

 

 

28,124

 

    

 

857

Asia

 

 

4,016

 

 

3,414

 

 

482

 

    

 

 —

Total Depreciation and Amortization

 

$

129,000

 

$

131,703

 

$

73,206

 

    

$

3,772

 

 

 

 

 

 

 

 

 

 

 

    

 

 

Operating Income (Loss)

 

 

 

 

 

 

 

 

 

 

    

 

 

North America

 

$

28,503

 

$

18,317

 

$

(37,181)

 

    

$

(24,524)

Europe

 

 

44,085

 

 

46,442

 

 

8,711

 

    

 

2,188

Asia

 

 

11,507

 

 

6,218

 

 

186

 

    

 

 —

Total Operating Income (Loss)

 

$

84,095

 

$

70,977

 

$

(28,284)

 

    

$

(22,336)

 

 

 

 

 

 

 

 

 

 

 

    

 

 

Adjusted EBITDA

 

 

 

 

 

 

 

 

 

 

    

 

 

North America

 

$

110,204

 

$

97,001

 

$

71,290

 

    

$

7,390

Europe

 

 

128,133

 

 

126,350

 

 

46,816

 

    

 

3,081

Asia

 

 

15,966

 

 

7,611

 

 

684

 

    

 

 —

Total Adjusted EBITDA

 

$

254,303

 

$

230,962

 

$

118,790

 

    

$

10,471

 

Schedule of Capital Expenditure By Segment

 

 

 

 

 

 

 

 

 

 

Successor

 

 

 

For the Fiscal Year Ended June 30, 

 

 

    

2016

    

2015

 

Capital Expenditures

 

 

 

 

 

 

 

North America

 

$

20,881

 

$

19,407

 

Europe

 

 

32,158

 

 

38,189

 

Asia

 

 

5,915

 

 

1,939

 

Total Capital Expenditures

 

$

58,954

 

$

59,535

 

 

Reconciliation of Assets from Segment to Consolidated

 

 

 

 

 

 

 

 

 

 

Successor

 

 

    

As of June 30, 

    

As of June 30, 

 

 

 

2016

 

2015

 

Total Assets

 

 

 

 

 

 

 

North America

 

$

754,418

 

$

904,719

 

Europe

 

 

883,361

 

 

866,214

 

Asia

 

 

69,811

 

 

100,310

 

Total Assets

 

$

1,707,590

 

$

1,871,243

 

 

Revenue from External Customers by Products and Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Premium Folding Cartons

 

$

1,091,063

 

$

1,051,028

 

$

513,253

 

    

$

52,828

 

Inserts

 

 

238,969

 

 

268,000

 

 

138,691

 

    

 

9,246

 

Labels

 

 

138,284

 

 

126,240

 

 

79,872

 

    

 

8,224

 

Rigid Packaging

 

 

111,972

 

 

70,463

 

 

10,786

 

    

 

 —

 

Other Consumer Products

 

 

204,695

 

 

216,372

 

 

127,270

 

    

 

10,088

 

Total

 

 

1,784,983

 

 

1,732,103

 

 

869,872

 

    

 

80,386

 

Sales Reserves and Eliminations

 

 

(123,555)

 

 

(114,463)

 

 

(55,659)

 

    

 

(6,305)

 

Total Net Sales

 

$

1,661,428

 

$

1,617,640

 

$

814,213

 

    

$

74,081

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Consumer

 

$

840,613

 

$

815,882

 

$

367,895

 

    

$

26,094

 

Healthcare

 

 

640,348

 

 

643,982

 

 

330,018

 

    

 

20,929

 

Multi-Media

 

 

180,467

 

 

157,776

 

 

116,300

 

    

 

27,058

 

Total Net Sales

 

$

1,661,428

 

$

1,617,640

 

$

814,213

 

    

$

74,081

 

 

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Consolidated net income

 

$

1,327

 

$

7,026

 

$

(51,648)

 

    

$

(23,685)

 

Depreciation and amortization

 

 

129,000

 

 

131,703

 

 

73,206

 

    

 

3,772

 

Interest expense

 

 

64,543

 

 

75,437

 

 

43,215

 

    

 

3,991

 

Income tax expense (benefit)

 

 

7,855

 

 

(1,880)

 

 

(19,481)

 

    

 

(15,621)

 

EBITDA

 

 

202,725

 

 

212,286

 

 

45,292

 

    

 

(31,543)

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

 

Transaction costs

 

 

3,838

 

 

13,630

 

 

38,844

 

    

 

28,370

 

Stock based and deferred compensation

 

 

26,769

 

 

5,722

 

 

1,534

 

    

 

125

 

Debt extinguishment charges

 

 

3,967

 

 

1,019

 

 

 —

 

    

 

14,042

 

Purchase accounting adjustments

 

 

966

 

 

3,094

 

 

10,836

 

    

 

 —

 

Restructuring related costs

 

 

10,684

 

 

6,419

 

 

10,037

 

    

 

3

 

Loss on sale of fixed assets

 

 

1,410

 

 

584

 

 

2,278

 

    

 

(96)

 

Foreign currency (gains) losses

 

 

5,182

 

 

(12,171)

 

 

(777)

 

    

 

(364)

 

Multiemployer plan exits

 

 

 —

 

 

 —

 

 

9,250

 

 

 

(676)

 

Other adjustments to EBITDA

 

 

(1,238)

 

 

379

 

 

1,496

 

    

 

610

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

 

Adjusted EBITDA

 

$

254,303

 

$

230,962

 

$

118,790

 

    

$

10,471