Stockholders' Equity

12 Months Ended

Jun. 30, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

STOCKHOLDERS’ EQUITY

Preferred Stock

We are authorized to issue “blank check” preferred stock of up to 5 million shares with such designations, rights and preferences as may be determined from time to time by the Board of Directors. Accordingly, the Board of Directors is empowered to issue, without stockholder approval, preferred stock with dividends, liquidation, conversion, voting, or other rights which could decrease the amount of earnings and assets available for distribution to holders of our Common Stock. At June 30, 2014 and 2013, no preferred stock was issued or outstanding.

Common Stock Issued

In connection with the acquisitions of Rudi’s and Tilda during fiscal 2014, 1,779,917 shares at a total value of $159,521 were issued to the sellers. In connection with the acquisitions of the UK Ambient Grocery Brands, BluePrint and Ella’s Kitchen during fiscal 2013, 1,698,472 shares at a total value of $102,636 were issued to the sellers (see Note 4).

Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in the balance of each component of accumulated other comprehensive income (loss):

	Foreign currency translation adjustments			Unrealized gain on available for sale investment			Deferred gains/(losses) on cash flow hedging instruments			Total
Balance as of June 30, 2013	$	(30,797	)	$	2,747		$	799		$	(27,251	)
Other comprehensive income (loss) before reclassifications (1)	90,625			(1,121		)	(1,214		)	88,290
Amounts reclassified into (income) loss(2) (3)	—			(721		)	(190		)	(911		)
Net change in accumulated other comprehensive income (loss) for the fiscal year ended June 30, 2014	90,625			(1,842		)	(1,404		)	87,379
Balance as of June 30, 2014	$	59,828		$	905		$	(605	)	$	60,128

(1) Foreign currency translation adjustments include intra-entity foreign currency transactions that are of a long-term investment nature of $21,862 for the fiscal year ended June 30, 2014.

(2) Amounts reclassified into income for deferred gains/(losses) on cash flow hedging instruments are recorded in “Cost of sales” in the Consolidated Statement of Income and, before taxes, were $284 for the fiscal year ended June 30, 2014.

(3) Amounts reclassified into income for gains on sale of available for sale investments were based on the average cost of the shares held (see Note 14). Such amounts are recorded in “Interest and other expenses, net” in the Consolidated Statement of Income and were $1,511 before taxes for the fiscal year ended June 30, 2014.