ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Sep. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations

The assets and liabilities of the Fruit business classified as held for sale in the Company's Consolidated Balance Sheets consisted of the following:

	September 30,
	2020
ASSETS
Cash and cash equivalents	$	9,730
Accounts receivable, less allowance for doubtful accounts	13,873
Inventories	3,990
Prepaid expenses and other current assets	3,609
Property, plant and equipment, net	23,060
Goodwill	13,486
Other intangible assets, net	32,806
Operating lease right-of-use assets	2,765
Allowance for reduction of assets held for sale	(32,296)
Assets held for sale	$	71,023
LIABILITIES
Accounts payable	$	10,810
Accrued expenses and other current liabilities	4,631
Operating lease liabilities	2,591
Deferred tax liabilities	6,633
Other liabilities	1,544
Liabilities related to assets held for sale	$	26,209

The following table presents the major classes of Tilda’s results within “Net income (loss) from discontinued operations, net of tax” in our Consolidated Statements of Operations:

	Three Months Ended September 30,
	2020		2019
Net sales	$	—	$	27,732
Cost of sales	—		24,152
Gross profit	—		3,580
Selling, general and administrative expense	—		4,939
Other expense	75		348
Interest expense(1)	—		2,432
Translation loss(2)	—		95,120
Gain on sale of discontinued operations	—		(13,922)
Net loss from discontinued operations before income taxes	(75)		(85,337)
(Benefit) provision for income taxes(3)	(11,331)		15,700
Net income (loss) from discontinued operations, net of tax	$	11,256	$	(101,037)

(1) Interest expense was allocated to discontinued operations based on borrowings repaid with proceeds from the sale of Tilda.

(2) At the completion of the sale of Tilda, the Company reclassified $95,120 of related cumulative translation losses from Accumulated other comprehensive loss to discontinued operations, net of tax.

(3) Includes $11,331 of tax benefit related to the legal entity reorganization and $16,500 of tax expense related to the tax gain on the sale of Tilda for the three months ended September 30, 2020 and 2019, respectively.

The following table presents the major classes of Hain Pure Protein’s results within “Net loss from discontinued operations, net of tax” in our Consolidated Statements of Operations:

	Three Months Ended September 30,
	2020		2019
Net sales	$	—	$	—
Cost of sales	—		—
Gross profit (loss)	—		—
Selling, general and administrative expense	—		—
Asset impairments	—		—
Other expense	(10)		—
Loss on sale of discontinued operations(1)	—		1,424
Net income (loss) from discontinued operations before income taxes	10		(1,424)
Benefit for income taxes	—		(393)
Net income (loss) from discontinued operations, net of tax	$	10	$	(1,031)

(1) Primarily relates to preliminary closing balance sheet adjustments.