XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]        
Net sales $ 382,633 $ 399,184 $ 1,176,584 $ 1,287,592
Cost of goods sold 302,977 312,437 929,951 1,005,779
Gross profit 79,656 86,747 246,633 281,813
Selling, general and administrative expenses        
Selling, general and administrative expenses 57,199 60,259 169,179 178,149
Stock based and deferred compensation expense 726 104 2,260 27,064
Transaction related expenses 2,655 371 3,477 2,785
Total selling, general and administrative expenses 60,580 60,734 174,916 207,998
Operating income 19,076 26,013 71,717 73,815
Other income (expense), net 1,898 (1,262) 7,805 (4,797)
Debt extinguishment charges   (64) (16,569) (3,931)
Interest expense (11,927) (14,896) (39,472) (49,641)
Total other expense, net (10,029) (16,222) (48,236) (58,369)
Income before income taxes 9,047 9,791 23,481 15,446
Income tax (expense) benefit 1,234 (6,178) (1,861) (6,753)
Consolidated net income 10,281 3,613 21,620 8,693
Net loss attributable to noncontrolling interest (473) (170) (1,258) (180)
Net income attributable to shareholders of Multi Packaging Solutions International Limited $ 10,754 $ 3,783 $ 22,878 $ 8,873
Net income attributable to shareholders of Multi Packaging Solutions International Limited per share:        
Basic $ 0.14 $ 0.05 $ 0.29 $ 0.12
Diluted $ 0.14 $ 0.05 $ 0.29 $ 0.12
Weighted-average number of common shares outstanding:        
Basic 77,696 77,452 77,583 71,076
Diluted 77,696 77,452 77,583 71,076
Other comprehensive income (loss)        
Cumulative foreign currency translation adjustment $ 10,272 $ (1,192) $ (26,225) $ (22,764)
Adjustment on available-for-sale securities 19 111 7 89
Pension adjustments 181 (3,541) (1,083) (2,087)
Total other comprehensive loss 10,472 (4,622) (27,301) (24,762)
Comprehensive income (loss) 20,753 (1,009) (5,681) (16,069)
Comprehensive loss (income) attributable to non-controlling interests 473   1,258 (17)
Comprehensive income (loss) attributable to shareholders of Multi Packaging Solutions International Limited $ 21,226 $ (1,009) $ (4,423) $ (16,086)