Segment Information

12 Months Ended

Jun. 30, 2013

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Segment Information

SEGMENT INFORMATION

Our operations are managed by geography and are comprised of four operating segments: United States, United Kingdom, Canada and Europe. The United States and the United Kingdom are currently reportable segments, while Canada and Europe do not currently meet the quantitative thresholds for reporting and are therefore combined and reported as “Rest of World.”

Net sales and operating profit are the primary measures used by our Chief Operating Decision Maker (“CODM”) to evaluate segment operating performance and to decide how to allocate resources to segments. Our CODM is the Company’s Chief Executive Officer. Expenses related to certain centralized administration functions that are not specifically related to an operating segment are included in “Corporate and other.” Corporate and other expenses are comprised mainly of the compensation and related expenses of certain of the Company’s senior executive officers and other selected employees who perform duties related to our entire enterprise, as well as expenses for certain professional fees, facilities, and other items which benefit the Company as a whole. Additionally, acquisition related expenses and restructuring charges are included in “Corporate and other.” Expenses that are managed centrally but can be attributed to a segment, such as employee benefits, are principally allocated based on headcount. Assets are reviewed by the CODM on a consolidated basis and are not reported by operating segment.

The following tables set forth financial information about each of the Company’s reportable segments. Transactions between reportable segments were insignificant for all periods presented.

	Fiscal Years ended June 30,
	2013			2012			2011
Net Sales:(1)
United States	$	1,095,867		$	991,626		$	910,095
United Kingdom	420,408			192,352			39,284
Rest of World	218,408			194,269			159,167
	$	1,734,683		$	1,378,247		$	1,108,546
Operating Income:
United States	$	177,352		$	149,791		$	130,155
United Kingdom	31,069			9,690			(4,844		)
Rest of World	18,671			13,347			9,787
	$	227,092		$	172,828		$	135,098
Corporate and other (2)	(52,780		)	(21,300		)	(23,924		)
	$	174,312		$	151,528		$	111,174

(1) One of our customers accounted for approximately 15%, 18%, and 21% of our consolidated net sales for the fiscal years ended June 30, 2013, 2012, and 2011, respectively, which were primarily related to the United States segment. A second customer accounted for approximately 10% of our consolidated net sales for the fiscal year ended June 30, 2013, which were primarily related to the United States and United Kingdom segments.

(2) Includes $16,634, $7,974, and $4,434 of acquisition related expenses, restructuring and integration charges for the fiscal years ended June 30, 2013, 2012 and 2011, respectively. Of those amounts, $4,491, $0 and $204 are recorded in cost of sales for the fiscal years ended June 30, 2013, 2012 and 2011, respectively. Corporate and other also includes $2,336 of expense for the fiscal year ended June 30, 2013 and reductions of expense of $14,627 and $4,177 for the fiscal years ended June 30, 2012 and 2011, respectively, related to adjustments of the carrying value of contingent consideration.

The Company’s sales by product category are as follows:

	Fiscal Year ended June 30,
	2013		2012		2011
Grocery	$	1,286,377	$	955,071	$	707,387
Snacks	220,452		209,319		196,390
Tea	110,819		103,950		99,120
Personal Care	117,035		109,907		105,649
Total	$	1,734,683	$	1,378,247	$	1,108,546

The Company’s long-lived assets, which primarily represent net property, plant and equipment, by geographic area are as follows:

	June 30, 2013		June 30, 2012
United States	$	149,240	$	130,522
Canada	10,057		11,607
United Kingdom	122,620		54,240
Europe	27,064		15,482
	$	308,981	$	211,851