Segment Information

3 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

The Company’s operations are managed in five operating segments: United States, United Kingdom, HPPC (which was acquired on July 17, 2014), Canada and Europe. The United States, the United Kingdom and HPPC 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 the Company’s Chief Operating Decision Maker (“CODM”) to evaluate segment operating performance and to decide how to allocate resources to segments. The 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 the 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 and certain facility costs, are allocated based on reasonable allocation methods. Certain factory start-up costs incurred in Europe that were included in “Corporate and other” in the prior year have been reclassified to the Rest of World segment to conform to the current year presentation. 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.

	Three Months Ended September 30,
	2014			2013
Net Sales:
United States	$	336,915		$	311,995
United Kingdom	172,279			113,995
HPPC	70,670			—
Rest of World	51,393			51,494
	$	631,257		$	477,484
Operating Income:
United States	$	29,589		$	46,366
United Kingdom	5,595			1,911
HPPC	3,820			—
Rest of World	635			2,448
	$	39,639		$	50,725
Corporate and other (1)	(10,812		)	(10,953		)
	$	28,827		$	39,772

(1) Includes $1,303 and $2,555 of acquisition related expenses, restructuring and integration charges for the three months ended September 30, 2014 and 2013, respectively, of which $259 is recorded in cost of sales for the three months ended September 30, 2013. Corporate and other also includes expense of $281 for contingent consideration adjustments (see Note 14) for the three months ended September 30, 2014.

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

	September 30, 2014		June 30, 2014
United States	$	146,529	$	139,919
Canada	9,479		9,694
United Kingdom	192,917		198,505
Europe	25,498		27,746
	$	374,423	$	375,864