Assets and Liabilities Held for Sale

9 Months Ended

Mar. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Assets and Liabilities Held for Sale

4.ASSETS AND LIABILITIES HELD FOR SALE

During the third quarter of fiscal year 2025, the Company announced that it was exploring strategic alternatives regarding its Personal Care (“PC”) business to focus on its portfolio of better-for-you food and beverages. The Company determined that its personal care business was held for sale and ascribed an aggregate $10,762 of goodwill from its U.S. and Canada reporting units to the personal care business. The business primarily operated in the U.S. and Canada reporting units and was included in the Company’s North America reportable segment.

During the three and nine months ended March 31, 2025, the Company recorded a non-cash charge of $23,089 to write down the carrying amount of the disposal group to its estimated fair value less cost to dispose, which was reflected within intangibles and long-lived asset impairment on the consolidated statements of operations. The following table presents the major classes of assets and liabilities of the personal care business classified as held for sale:

	March 31,
	2025
ASSETS
Accounts receivable, net	$	9,207
Inventories		29,333
Prepaid expenses and other current assets		1,089
Property, plant and equipment, net		739
Goodwill		10,762
Other noncurrent assets		79
Operating lease right-of-use assets, net		5,213
Allowance for reduction of assets held for sale		(23,089	)
Assets held for sale	$	33,333
LIABILITIES
Accounts payable	$	9,033
Operating lease liabilities		5,831
Accrued expenses and other current liabilities		1,735
Liabilities held for sale	$	16,599