Discontinued Operations (Tables)

12 Months Ended

Jun. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The following table presents the major classes of Hain Pure Protein’s line items constituting the “Net (loss) income from discontinued operations, net of tax” in our Consolidated Statements of Income:

	Fiscal Year Ended June 30,
	2018			2017			2016
Net sales	$	509,475		$	509,606		$	492,510
Cost of sales	486,023			487,631			443,842
Gross profit	23,452			21,975			48,668
Asset impairments	78,464			—			—
Selling, general and administrative expense	18,743			19,180			15,740
Other expense	4,699			1,530			1,590
Net (loss) income from discontinued operations before income taxes	(78,454		)	1,265			31,338
(Benefit) provision for income taxes	(5,720		)	(624		)	11,480
Net (loss) income from discontinued operations, net of tax	$	(72,734	)	$	1,889		$	19,858

Assets and liabilities of discontinued operations presented in the Consolidated Balance Sheets as of June 30, 2018 and June 30, 2017 are included in the following table:

Assets	June 30, 2018			June 30, 2017
Cash and cash equivalents	$	6,461		$	9,937
Accounts receivable, less allowance for doubtful accounts	21,616			22,671
Inventories	105,359			85,313
Prepaid expenses and other current assets	5,604			5,866
Total current assets*				123,787
Property, plant and equipment, net	83,776			78,645
Goodwill	41,089			41,089
Trademarks and other intangible assets, net	51,029			52,040
Other assets	4,381			3,330
Total noncurrent assets of discontinued operations*				175,104
Impairments of long-lived assets held for sale	(78,464		)	—
Total assets of discontinued operations	$	240,851		$	298,891
Liabilities
Accounts payable	$	31,762		$	35,943
Accrued expenses and other current liabilities	6,880			2,005
Total current liabilities of discontinued operations*				37,948
Deferred tax liabilities	11,111			23,129
Other noncurrent liabilities	93			193
Total noncurrent liabilities of discontinued operations*				23,322
Total liabilities of discontinued operations	$	49,846		$	61,270

* The assets and liabilities of Hain Pure Protein are classified as current on the June 30, 2018 Consolidated Balance Sheet because it is probable that the sale will occur within the next twelve months of the Board of Directors’ approval.