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Segments (Tables)
9 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Nine Months Ended

 

 

 

March 31, 

 

March 31, 

 

 

    

2016

    

2015

    

2016

    

2015

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

193,866

 

$

204,671

 

$

610,843

 

$

542,141

 

Europe

 

 

184,492

 

 

192,096

 

 

606,876

 

 

637,285

 

Asia

 

 

20,826

 

 

19,440

 

 

69,873

 

 

35,690

 

Total Net Sales

 

$

399,184

 

$

416,207

 

$

1,287,592

 

$

1,215,116

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

15,258

 

$

16,074

 

$

45,462

 

$

45,809

 

Europe

 

 

15,261

 

 

15,440

 

 

49,000

 

 

50,506

 

Asia

 

 

933

 

 

891

 

 

3,028

 

 

1,670

 

Total Depreciation and Amortization

 

$

31,452

 

$

32,405

 

$

97,490

 

$

97,985

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

11,945

 

$

6,551

 

$

21,242

 

$

17,888

 

Europe

 

 

12,303

 

 

11,785

 

 

42,846

 

 

42,176

 

Asia

 

 

1,765

 

 

494

 

 

9,727

 

 

1,430

 

Total Operating Income

 

$

26,013

 

$

18,830

 

$

73,815

 

$

61,494

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA *

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

26,581

 

$

26,013

 

$

88,382

 

$

73,220

 

Europe

 

 

29,063

 

 

28,897

 

 

103,423

 

 

99,566

 

Asia

 

 

2,707

 

 

2,408

 

 

13,148

 

 

4,162

 

Total Adjusted EBITDA

 

$

58,351

 

$

57,318

 

$

204,953

 

$

176,948

 

 

 

* To supplement our financial information presented in accordance with GAAP, the Company uses EBITDA and Adjusted EBITDA (non-GAAP financial measures) to clarify and enhance an understanding of past performance.  The Company believes that the presentation of these financial measures enhances an investor’s understanding of our financial performance and that these financial measures are useful financial metrics to assess our operating performance from period to period by excluding certain items that we believe are not representative of our core business.  The Company also believes that these financial measures provide investors with a useful tool for assessing the comparability between periods of the ability to generate cash from operations sufficient to pay taxes, to service debt and to undertake capital expenditures.  These financial measures are used for business planning purposes and in measuring performance relative to that of competitors and the Company believe these financial measures are commonly used by investors.  However, our use of the terms EBITDA and Adjusted EBITDA may vary from that of others in the industry.  A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is presented further below.

MPSX_CapitalExpenditureBySegment [Table Text Block]

 

 

 

 

 

 

 

 

 

 

For the Nine Months Ended

 

 

 

March 31, 

 

 

    

2016

    

2015

 

Capital Expenditures

 

 

 

 

 

 

 

North America

 

$

12,867

 

$

13,436

 

Europe

 

 

18,846

 

 

22,976

 

Asia

 

 

5,006

 

 

1,266

 

Total Capital Expenditures

 

$

36,719

 

$

37,678

 

 

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

 

 

 

 

 

 

 

 

 

    

As of March 31, 

    

As of June 30, 

 

 

 

2016

 

2015

 

Total Assets

 

 

 

 

 

 

 

North America

 

$

787,224

 

$

915,601

 

Europe

 

 

931,467

 

 

866,214

 

Asia

 

 

68,697

 

 

100,310

 

Total Assets

 

$

1,787,388

 

$

1,882,125

 

 

Revenue from External Customers by Products and Services [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Nine Months Ended

 

 

 

March 31, 

 

March 31, 

 

 

    

2016

    

2015

    

2016

    

2015

 

Premium Folding Cartons

 

$

257,827

 

$

260,285

 

$

842,704

 

$

781,171

 

Inserts

 

 

56,274

 

 

81,003

 

 

183,361

 

 

202,527

 

Labels

 

 

36,216

 

 

27,689

 

 

101,865

 

 

95,316

 

Rigid Packaging

 

 

23,181

 

 

23,485

 

 

89,104

 

 

45,072

 

Other Consumer Products

 

 

57,576

 

 

57,291

 

 

167,716

 

 

170,678

 

Total

 

 

431,074

 

 

449,753

 

 

1,384,750

 

 

1,294,764

 

Sales Reserves and Eliminations

 

 

(31,890)

 

 

(33,546)

 

 

(97,158)

 

 

(79,648)

 

Total Net Sales

 

$

399,184

 

$

416,207

 

$

1,287,592

 

$

1,215,116

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales by category

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

$

199,578

 

$

204,990

 

$

659,664

 

$

609,393

 

Healthcare

 

 

166,791

 

 

176,469

 

 

474,604

 

 

485,528

 

Multi-Media

 

 

32,815

 

 

34,748

 

 

153,324

 

 

120,195

 

Total Net Sales

 

$

399,184

 

$

416,207

 

$

1,287,592

 

$

1,215,116

 

 

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Nine Months Ended

 

 

 

March 31, 

 

March 31, 

 

 

    

2016

    

2015

    

2016

    

2015

 

Consolidated net income

 

$

3,613

 

$

6,990

 

$

8,693

 

$

11,883

 

Depreciation and amortization

 

 

31,452

 

 

32,405

 

 

97,490

 

 

97,985

 

Interest expense

 

 

14,896

 

 

17,631

 

 

49,641

 

 

54,042

 

Income tax expense

 

 

6,178

 

 

3,309

 

 

6,753

 

 

6,212

 

EBITDA

 

 

56,139

 

 

60,335

 

 

162,577

 

 

170,122

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Transaction costs

 

 

371

 

 

1,914

 

 

2,785

 

 

6,098

 

Stock based and deferred compensation

 

 

104

 

 

517

 

 

27,064

 

 

1,403

 

Debt extinguishment charges

 

 

64

 

 

 —

 

 

3,931

 

 

 —

 

Purchase accounting adjustments

 

 

255

 

 

1,171

 

 

878

 

 

2,024

 

Restructuring related costs

 

 

693

 

 

1,700

 

 

4,269

 

 

5,490

 

Loss on sale of fixed assets

 

 

236

 

 

237

 

 

598

 

 

645

 

Foreign currency (gains) losses

 

 

510

 

 

(9,259)

 

 

3,850

 

 

(13,835)

 

Other adjustments to EBITDA

 

 

(21)

 

 

703

 

 

(999)

 

 

5,001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA

 

$

58,351

 

$

57,318

 

$

204,953

 

$

176,948