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SEGMENT INFORMATION
 12 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Our organizational structure consists of two geographic based reportable segments: North America and International. This structure is in line with how the Company’s Chief Operating Decision Maker (“CODM”) assesses the Company’s performance and allocates resources.

The Company historically used segment net sales and operating income to evaluate performance and to allocate resources. In connection with the appointment of its new CEO effective as of January 1, 2023, the Company undertook a series of actions to reassess its segments, including how performance is evaluated and how resources are allocated. As part of that review, during the fourth quarter of fiscal 2023, the Company determined there were two operating segments which are also the reportable segments. Furthermore, Adjusted EBITDA was determined to be a more appropriate measure of segment profitability for each reportable segment compared to operating income. The Company has concluded that segment net sales and segment Adjusted EBITDA are most relevant in order to analyze segment results and trends.
Segment Adjusted EBITDA excludes: (benefit) provision for income taxes, net interest expense, depreciation and amortization, equity in net loss of equity-method investees, stock-based compensation, net, unrealized currency losses (gains), certain litigation and related costs, CEO succession costs, plant closure related costs-net, productivity and transformation costs, warehouse and manufacturing consolidation and other costs, costs associated with acquisitions, divestitures and other transactions, gains on sales of assets, certain inventory write-downs in 2022 and 2021, intangibles and long-lived asset impairments and other adjustments. In addition, Segment Adjusted EBITDA does not include Corporate and Other expenses related to the Company’s centralized administrative functions, which do not specifically relate to a reportable segment. Such Corporate and Other expenses are comprised mainly of compensation and related expenses of certain of the Company’s senior executive officers and other employees who perform duties related to our entire enterprise, litigation expense and expenses for certain professional fees, facilities, and other items which benefit the Company as a whole.

The following tables set forth financial information about each of the Company’s reportable segments. Information about total assets by segment is not disclosed because such information is not reported to or used by the Company’s CODM for purposes of assessing segment performance or allocating resources. Transactions between reportable segments were insignificant for all periods presented.
Fiscal Year Ended June 30,
202320222021
Net Sales:
North America$1,139,162 $1,163,132 $1,104,128 
International 657,481 728,661 866,174 
$1,796,643 $1,891,793 $1,970,302 
Adjusted EBITDA:
North America$123,443 $122,235 $162,045 
International82,945 110,073 133,882 
Total Reportable Segments Adjusted EBITDA206,388 232,308 295,927 
Corporate and Other(39,766)(31,692)(36,989)
166,622 200,616 258,938 
Impairment charges
Inventory write-down— 351 421 
Intangibles and long-lived asset impairment(175,501)(1,903)(57,920)
Acquisitions, divestitures and other
Transaction and integration costs, net(2,018)(14,055)(3,291)
Gain on sale of assets3,529 9,049 4,900 
Gain on sale of businesses— — 2,680 
Restructuring activities
CEO succession(5,113)— — 
Plant closure related costs, net(94)(929)(58)
Productivity and transformation costs(7,284)(8,803)(12,572)
Warehouse/manufacturing consolidation and other costs, net(1,026)(2,721)(11,374)
Litigation and related costs1,369 (7,687)(995)
Depreciation and amortization(50,777)(46,849)(49,569)
Equity in net loss of equity-method investees(1,134)(2,902)(1,591)
Interest expense, net(43,936)(10,226)(5,880)
Benefit (provision) for income taxes14,178 (22,716)(41,093)
Stock-based compensation, net(14,423)(15,611)(15,659)
Unrealized currency (losses) gains(929)2,259 (828)
Net (loss) income$(116,537)$77,873 $66,109 
The Company’s net sales by geographic region, which are generally based on the location of the Company’s subsidiary, are as follows:
Fiscal Year Ended June 30,
202320222021
United States$1,025,988 $1,037,082 $954,415 
United Kingdom477,400 500,949 607,674 
Europe180,080 227,712 258,501 
All other113,175 126,050 149,712 
Total$1,796,643 $1,891,793 $1,970,302 

The Company’s long-lived assets, which primarily represent net property, plant and equipment, net and operating lease right-of-use assets, net by geographic region are as follows:
Fiscal Year Ended June 30,
20232022
United States
$162,798 $182,038 
United Kingdom
134,908 133,213 
Europe72,016 70,390 
All other22,497 26,455 
Total$392,219 $412,096