Segment Information

12 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

Our operations are managed in 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, restructuring charges and costs associated with voluntary recalls are included in “Corporate and other.” Expenses that are managed centrally but can be attributed to a segment, such as employee benefits and certain facility costs, are allocated based on reasonable allocation methods. 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,
	2014			2013			2012
Net Sales:(1)
United States	$	1,282,175		$	1,095,867		$	991,626
United Kingdom	637,454			420,408			192,352
Rest of World	233,982			218,408			194,269
	$	2,153,611		$	1,734,683		$	1,378,247
Operating Income:
United States	$	211,864		$	177,352		$	149,791
United Kingdom	52,661			31,069			9,690
Rest of World	17,397			18,671			13,347
	$	281,922		$	227,092		$	172,828
Corporate and other (2)	(54,185		)	(52,780		)	(21,300		)
	$	227,737		$	174,312		$	151,528

(1) One of our customers accounted for approximately 13%, 15%, and 18% of our consolidated net sales for the fiscal years ended June 30, 2014, 2013, and 2012, respectively, which were primarily related to the United States segment. A second customer accounted for approximately 11% and 10% of our consolidated net sales for the fiscal years ended June 30, 2014 and 2013, which were primarily related to the United States and United Kingdom segments.

(2) Includes $10,076, $16,634, and $7,974 of acquisition related expenses, restructuring and integration charges for the fiscal years ended June 30, 2014, 2013 and 2012, respectively. Of those amounts, $945, $4,491 and $0 are recorded in cost of sales for the fiscal years ended June 30, 2014, 2013 and 2012, respectively. Corporate and other also includes a net reduction of expense of $3,616 for the fiscal year ended June 30, 2014, expense of $2,336 for the fiscal year ended June 30, 2013, and a reduction of expense of $14,627 for the fiscal years ended June 30, 2012, related to adjustments of the carrying value of contingent consideration. Additionally, $6,000 of expense is included in Corporate and other for the fiscal year ended June 30, 2014 related to a August 2014 voluntary recall (see Note 19).

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

	Fiscal Year ended June 30,
	2014		2013		2012
Grocery	$	1,669,208	$	1,286,377	$	955,071
Snacks	249,033		220,452		209,319
Tea	115,593		110,819		103,950
Personal Care	119,777		117,035		109,907
Total	$	2,153,611	$	1,734,683	$	1,378,247

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

	June 30, 2014		June 30, 2013
United States	$	139,919	$	149,240
Canada	9,694		10,057
United Kingdom	198,505		122,620
Europe	27,746		27,064
	$	375,864	$	308,981