ACQUISITIONS AND DISPOSITIONS (Tables)

12 Months Ended

Jun. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the Company's allocation of the purchase price to the assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition date.

	June 30,
	2022
Accounts receivable, net	$	5,107
Inventory	9,871
Prepaid expenses and other current assets	542
Property, plant and equipment	9,198
Goodwill	95,645
Identifiable intangible assets	193,800
Operating lease right-of-use assets	3,676
Other assets	163
Accounts payable and accrued expenses	(9,082)
Deferred income taxes	(44,271)
Operating lease liabilities	(4,225)
Total assets	$	260,424

Schedule of Pro Forma Information

The following table provides unaudited pro forma results of continuing operations had the acquisition been completed at the beginning of fiscal 2021. The proforma information reflects certain adjustments related to the acquisition but does not reflect any potential operating efficiencies or cost savings that may result from the acquisition. Accordingly, this information has been provided for illustrative purposes only and does not purport to be indicative of the actual results that would have been achieved by the Company for the periods presented or that will be achieved by the combined company in the future. The pro forma information has been adjusted to give effect to items that are directly attributable to the transactions and are expected to have a continuing impact on the combined results.

	Fiscal Year Ended
	June 30, 2022		June 30, 2021
Net sales	$	1,945,564	$	2,065,957
Net income from continuing operations(1)	$	84,913	$	68,142
Diluted net income per common share from continuing operations	$	0.91	$	0.67

(1) The pro forma adjustments include the elimination of transaction costs totaling $5,103 from the fiscal year ended June 30, 2022 and recognition of those costs in the fiscal year ended June 30, 2021. Additionally, the pro forma adjustments include the elimination of integration costs and a fair value inventory adjustment totaling $1,800 for the fiscal year ended June 30, 2022 and recognition of those costs in the fiscal period ended June 30, 2021.

Schedule of Disposal Groups, Including Discontinued Operations

The following table presents the major classes of Tilda’s results within net income (loss) from discontinued operations, net of tax on the Consolidated Statements of Operations for the fiscal years ended June 30, 2021 and 2020:

	2021		2020
Net sales	$	—	$	30,399
Cost of sales	—		26,648
Gross profit	—		3,751
Selling, general and administrative expense	—		5,185
Other expense	75		1,172
Interest expense (1)	—		2,432
Translation loss (2)	—		95,120
Gain on sale of discontinued operations	—		(9,386)
Loss income from discontinued operations before income taxes	(75)		(90,772)
(Benefit) provision for income taxes (3)	(11,320)		12,909
Net income (loss) from discontinued operations, net of tax	$	11,245	$	(103,681)

(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 $11,320 of tax benefit related to the legal entity reorganization for the twelve months ended June 30, 2021, as well as a tax provision related to the tax gain on the sale of Tilda of $13,960 for the twelve months ended June 30, 2020.

The following table presents the major classes of Hain Pure Protein’s line items constituting the loss from discontinued operations, net of tax on the Consolidated Statements of Operations:

	June 30,
	2020
Loss on sale of discontinued operations	3,043
Net loss from discontinued operations before income taxes	(3,043)
Benefit for income taxes	(684)
Net loss from discontinued operations, net of tax	$	(2,359)