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QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Jun. 30, 2020
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED) QUARTERLY FINANCIAL DATA (UNAUDITED)
A summary of the Company’s consolidated quarterly results of operations is as follows. The sum of the net income per share from continuing operations for each of the four quarters may not equal the net income per share for the full year, as presented, due to rounding.
Three Months Ended
June 30,
2020		March 31, 2020December 31, 2019September 30, 2019
Net sales$511,746 $553,297 $506,784 $482,076 
Gross profit$129,937 $132,395 $105,607 $97,831 
Operating income$25,261 $19,135 $9,191 $2,455 
Income (loss) before income taxes and equity in earnings of equity-method investees$20,427 $15,358 $3,210 $(5,167)
Net income (loss) from continuing operations$3,699 $25,036 $1,852 $(4,953)
Net loss from discontinued operations, net of tax$(460)$(697)$(2,816)$(102,068)
  Net income (loss)$3,239 $24,339 $(964)$(107,021)
Net income (loss) per common share:
Basic net income (loss) per common share from continuing operations$0.04 $0.24 $0.02 $(0.05)
Basic net loss per common share from discontinued operations $— $(0.01)$(0.03)$(0.98)
  Basic net income (loss) per common share$0.04 $0.23 $(0.01)$(1.03)
Diluted net income (loss) per common share from continuing operations$0.04 $0.24 $0.02 $(0.05)
Diluted net loss per common share from discontinued operations $— $(0.01)$(0.03)$(0.98)
  Diluted net income (loss) per common share$0.04 $0.23 $(0.01)$(1.03)

Net income from continuing operations in the quarter ended June 30, 2020 was impacted by a goodwill impairment charge of $394 relating to the Company’s anticipated divestiture of its Danival business and by $6,438 ($5,897 net of tax) of non-cash impairment charges primarily related to a write-down of building improvements, machinery and equipment in the United States and Europe used to manufacture certain slow moving or low margin SKUs, held for sale accounting of Danival and consolidation of certain office space and manufacturing facilities. The current period charge also includes $4,455 ($3,274 net of tax) of intangible impairment relating to the divestiture of certain brands.

Net income from continuing operations in the quarter ended March 31, 2020 was impacted by impairment charges of $7,650 ($5,706 net of tax) related to indefinite-lived intangible assets (trade names) and $5,875 ($5,265 net of tax) of non-cash impairment charges primarily related to a write-down of certain machinery and equipment in the United States and Europe used to manufacture certain slow moving or low margin SKUs. Additionally, in the quarter ended March 31, 2020, there was an inventory write-down of $1,362 ($1,005 net of tax) in connection with the discontinuance of slow moving SKUs as part of a product rationalization initiative. Net loss from discontinued operations in the quarter ended March 31, 2020 was impacted by a $540 ($362 net of tax) adjustment to the sale of Tilda entities relating to post-closing adjustments.

Net income from continuing operations in the quarter ended December 31, 2019 was impacted by impairment charges of $1,889 ($1,389 net of tax) related to indefinite-lived intangible assets (trade names) and an inventory write-down of $3,927 ($2,896 net of tax) in connection with the discontinuance of slow moving SKUs as part of a product rationalization initiative. Net loss from discontinued operations in the quarter ended December 31, 2019 was impacted by a $3,752 ($2,720 net of tax) adjustment to the sale of Tilda entities relating to post-closing adjustments.
Net loss from discontinued operations in the quarter ended September 30, 2019 was primarily impacted by a reclassification of $95,120 of cumulative translation losses from accumulated comprehensive loss to the Company’s results of the Tilda business’ discontinued operations. The expense for income taxes for the three months ended September 30, 2019 was impacted by $16,500 of tax related to the tax gain on the sale of the Tilda entities.
Three Months Ended
June 30,
2019		March 31, 2019December 31, 2018September 30, 2018
Net sales$505,305 $547,257 $533,566 $518,478 
Gross profit$95,030 $113,208 $101,351 $88,908 
Operating (loss) income$(2,641)$18,992 $(20,880)$(27,964)
(Loss) income before income taxes and equity in earnings of equity-method investees$(8,378)$11,931 $(26,679)$(32,878)
Net (loss) income from continuing operations$(7,336)$8,783 $(31,787)$(23,087)
Net loss from discontinued operations, net of tax$(6,215)$(74,620)$(34,714)$(14,338)
  Net loss$(13,551)$(65,837)$(66,501)$(37,425)
Net (loss) income per common share:
Basic net (loss) income per common share from continuing operations$(0.07)$0.08 $(0.31)$(0.22)
Basic net loss per common share from discontinued operations $(0.06)$(0.72)$(0.33)$(0.14)
  Basic net loss per common share$(0.13)$(0.63)$(0.64)$(0.36)
Diluted net (loss) income per common share from continuing operations$(0.07)$0.08 $(0.31)$(0.22)
Diluted net loss per common share from discontinued operations $(0.06)$(0.72)$(0.33)$(0.14)
  Diluted net loss per common share$(0.13)$(0.63)$(0.64)$(0.36)

Net loss from continuing operations in the quarter ended June 30, 2019 was impacted by $4,393 ($3,558 net of tax) and $5,617 ($4,143 net of tax) non-cash impairment charges in the United Kingdom and United States, respectively, primarily associated with a write down of the value of certain machinery and equipment no longer in use, some of which was used to manufacture certain slow moving SKUs that were discontinued. Additionally, the Company recorded an inventory write-down of $10,346 ($7,606 net of tax) related to the discontinuation of additional slow moving SKUs in the United States as part of an ongoing product rationalization initiative.

Net loss from discontinued operations in the quarter ended March 31, 2019 included a pre-tax loss on sale on the disposition of the Plainville Farms business of $40,223 ($29,511 net of tax) to write down the assets and liabilities to the final sales price less costs to sell and asset impairments of $51,348 ($37,532 net of tax), each as a component of net loss on discontinued operations, net of tax.

The quarter ended December 31, 2018 was impacted by $10,148 ($7,484 net of tax) of Former Chief Executive Officer Succession Plan expense, net, $920 ($678 net of tax) related to professional fees associated with our internal accounting review and the independent review by the Audit Committee and other related matters, impairment charges of $17,900 ($13,374 net of tax) related to indefinite-lived intangible assets (trade names) and asset impairment charges in discontinued operations of $54,946 ($40,314 net of tax).

The quarter ended September 30, 2018 was impacted by $19,553 ($14,420 net of tax) of Former Chief Executive Officer Succession Plan expense, net, $3,414 ($2,518 net of tax) related to professional fees associated with our internal accounting review and the independent review by the Audit Committee and other related matters, $4,243 ($3,436 net of tax) primarily related to the closure of a manufacturing facility of fruit-based products in the United Kingdom and asset impairment charges in discontinued operations of $2,958 ($2,170 net of tax).