SEGMENT INFORMATION

3 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company’s organizational structure consists of two geographic based reportable segments: North America and International, which are also the operating segments. 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 uses segment net sales and segment Adjusted EBITDA 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, plant closure related costs-net, productivity and transformation costs, warehouse and manufacturing consolidation and other costs, costs associated with acquisitions, divestitures and other transactions, loss (gain) on sale of assets, 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 the 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.

	Three Months Ended September 30,
	2023		2022
Net Sales:
North America	$	260,054	$	288,396
International	164,975		150,955
	$	425,029	$	439,351
Adjusted EBITDA:
North America	$	18,727	$	30,781
International	17,438		14,947
Total Reportable Segments Adjusted EBITDA	36,165		45,728
Corporate and Other	(12,075)		(9,699)
	24,090		36,029
Impairment charges
Long-lived asset impairment	(694)		—
Acquisitions, divestitures and other
Transaction and integration costs, net	(118)		(1,367)
(Loss) gain on sale of assets	(62)		40
Restructuring activities
Plant closure related costs, net	(1,841)		2
Productivity and transformation costs	(6,403)		(773)
Litigation and related costs	(1,524)		(2,463)
Depreciation and amortization	(12,305)		(11,970)
Equity in net loss of equity-method investees	(498)		(382)
Interest expense, net	(12,623)		(7,279)
Benefit (provision) for income taxes	5,379		(2,631)
Stock-based compensation, net	(3,742)		(3,994)
Unrealized currency (losses) gains	(35)		1,711
Net (loss) income	$	(10,376)	$	6,923

The Company’s net sales by geographic region, which are generally based on the location of the Company’s subsidiaries, are as follows:

	Three Months Ended September 30,
	2023		2022
United States	$	230,659	$	259,508
United Kingdom	121,051		109,160
Europe	43,924		41,795
All Other	29,395		28,888
	$	425,029	$	439,351

There has been no material change to Company’s total assets by segment from the amount disclosed in the Form 10-K for the fiscal year ended June 30, 2023.