XML 29 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill And Other Intangible Assets
3 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Other Intangible Assets
GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The following table shows the changes in the carrying amount of goodwill by business segment:
 
United States
 
United Kingdom
 
Rest of World
 
Total
Balance as of June 30, 2018 (a)
$
552,814

 
$
377,163

 
$
94,159

 
$
1,024,136

  Translation and other adjustments, net

 
(4,964
)
 
521

 
(4,443
)
Balance as of September 30, 2018 (a)
$
552,814

 
$
372,199

 
$
94,680

 
$
1,019,693


(a) The total carrying value of goodwill is reflected net of $134,277 of accumulated impairment charges, of which $97,358 related to the Company’s United Kingdom operating segment, $29,219 related to the Company’s Europe operating segment and $7,700 related to the Company’s Hain Ventures operating segment (formerly known as the Cultivate operating segment).

Beginning in the third quarter of fiscal 2018, operations of Hain Pure Protein have been classified as discontinued operations as discussed in Note 5, Discontinued Operations. Therefore, goodwill associated with Hain Pure Protein is presented as assets of discontinued operations in the Consolidated Financial Statements.

The Company performs its annual test for goodwill and indefinite lived intangible asset impairment as of the first day of the fourth quarter of its fiscal year. In addition, if and when events or circumstances change that would more likely than not reduce the fair value of any of its reporting units or indefinite-life intangible assets below their carrying value, an interim test is performed.

There were no events or circumstances that warranted an interim impairment test for goodwill or indefinite lived intangible assets during the three months ended September 30, 2018.

Other Intangible Assets

The following table sets forth Consolidated Balance Sheet information for intangible assets, excluding goodwill, subject to amortization and intangible assets not subject to amortization:
 
September 30,
2018
 
June 30,
2018
Non-amortized intangible assets:
 
 
 
Trademarks and tradenames (a)
$
382,997

 
$
385,609

Amortized intangible assets:
 
 
 
Other intangibles
236,822

 
239,323

Less: accumulated amortization
(117,463
)
 
(114,545
)
Net carrying amount
$
502,356

 
$
510,387



(a) The gross carrying value of trademarks and tradenames is reflected net of $65,834 of accumulated impairment charges.

Amortized intangible assets, which are deemed to have a finite life, primarily consist of customer relationships and are amortized over their estimated useful lives of 3 to 25 years. Amortization expense included in continuing operations was as follows:
 
Three Months Ended September 30,
 
2018
 
2017
Amortization of acquired intangibles
$
3,905

 
$
4,574