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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill

The following table provides the changes in the carrying value of goodwill by reportable segment:

 

 

North America

 

 

International

 

 

Total

 

Balance as of June 30, 2023(1)

 

$

697,053

 

 

$

241,587

 

 

$

938,640

 

Divestiture(2)

 

 

(6,267

)

 

 

 

 

 

(6,267

)

Translation

 

 

(1,318

)

 

 

(1,751

)

 

 

(3,069

)

Balance as of June 30, 2024

 

 

689,468

 

 

 

239,836

 

 

 

929,304

 

Divestiture(3)

 

 

(7,280

)

 

 

 

 

 

(7,280

)

Impairment charges

 

 

(357,679

)

 

 

(71,203

)

 

 

(428,882

)

Reclassification of goodwill to held for sale(4)

 

 

(11,164

)

 

 

 

 

 

(11,164

)

Translation

 

 

(1,024

)

 

 

20,007

 

 

 

18,983

 

Balance as of June 30, 2025

 

$

312,321

 

 

$

188,640

 

 

$

500,961

 

 

(1)
The total carrying value of goodwill as of June 30, 2023 is reflected net of $134,277 of accumulated impairment charges, of which $7,700 is related to the North America reportable segment and $126,577 is related to the International reportable segment.
(2)
During the fiscal year ended June 30, 2024, the Company completed the divestitures of Thinsters® and Queen Helene, both were components of the North America reportable segment. Goodwill of $5,732 and $535 was assigned to divested components of Thinsters® and Queen Helene®, respectively, on a relative fair value basis.
(3)
Represents the goodwill assigned to the ParmCrisps® business in connection with the divestiture of such business, which was ascribed on a relative fair value basis. See Note 5, Disposition, for more information.
(4)
Represents the goodwill ascribed to the PC business in connection with the classification such business as held for sale. See Note 4, Assets and Liabilities Held for Sale, for more information.
:

 

Reporting Unit

 

(Dollars in thousands)

 

U.S.

 

 

Canada

 

 

U.K.

 

Goodwill as of June 30, 2024

 

$

641,053

 

 

$

48,415

 

 

$

173,538

 

Impairment charge during three months ended September 30, 2024

 

 

 

 

 

 

 

 

 

Divestiture during three months ended September 30, 2024

 

 

(7,280

)

 

 

 

 

 

 

Impairment charge during three months ended December 31, 2024

 

 

(91,267

)

 

 

 

 

 

 

Impairment charge during three months ended March 31, 2025

 

 

(88,712

)

 

 

(21,539

)

 

 

 

Reclassification of goodwill to held for sale during three months ended March 31, 2025

 

 

(3,291

)

 

 

(7,873

)

 

 

 

Impairment charge during three months ended June 30, 2025

 

 

(138,182

)

 

 

(17,979

)

 

 

(71,203

)

Translation

 

 

 

 

 

(1,024

)

 

 

13,877

 

Goodwill as of June 30, 2025

 

$

312,321

 

 

$

 

 

$

116,212

 

Schedule of Gross Carrying Amount and Accumulated Amortization for Intangible Assets, Excluding Goodwill

The following table includes the gross carrying amount and accumulated amortization, where applicable, for intangible assets, excluding goodwill:

 

Fiscal Year Ended June 30,

 

 

2025

 

 

2024

 

Non-amortized intangible assets:

 

 

 

 

 

 

Trademarks and tradenames(1)

 

$

179,282

 

 

$

195,237

 

Amortized intangible assets:

 

 

 

 

 

 

Other intangibles(2)

 

 

159,162

 

 

 

167,886

 

Less: Accumulated amortization

 

 

(127,539

)

 

 

(118,324

)

Net amortized intangible assets

 

 

31,623

 

 

 

49,562

 

Net other intangible assets

 

$

210,905

 

 

$

244,799

 

 

(1)
The gross carrying value of trademarks and tradenames is reflected net of $275,990 and $251,551 of accumulated impairment charges as of June 30, 2025 and 2024, respectively.
(2)
The reduction in carrying value of other intangible assets as of June 30, 2025 reflected accumulated non-cash impairment charges of $30,326 and $17,032 recognized in the fiscal year ended June 30, 2025 and 2024, respectively.
Schedule of Non-Cash Impairment Charges

Non-cash impairment charges, recorded within intangibles and long-lived asset impairment on the consolidated statements of operations, for the fiscal years ended June 30, 2025, June 30, 2024 and June 30, 2023 were as follows:

 

 

Fiscal Year Ended June 30,

 

 

2025

 

 

2024

 

 

2023

 

Sensible Portions® tradename

 

$

18,000

 

 

$

 

 

$

 

Personal care tradenames (Alba Botanica®, Avalon Organics®, and JASON®)

 

 

12,085

 

 

 

12,815

 

 

 

 

Belvedere™ trademark and customer relationships

 

 

3,648

 

 

 

 

 

 

 

Imagine® tradename

 

 

3,100

 

 

 

 

 

 

4,767

 

Health Valley® trademark

 

 

960

 

 

 

 

 

 

 

Thinsters® trademark and customer relationships

 

 

 

 

 

10,797

 

 

 

8,500

 

ParmCrisps® customer relationships

 

 

 

 

 

10,586

 

 

 

45,798

 

ParmCrisps® trademark

 

 

 

 

 

8,000

 

 

 

102,000

 

Happy™ and Joya® trademarks

 

 

 

 

 

2,260

 

 

 

4,691

 

Queen Helene®

 

 

 

 

 

 

 

 

9,150

 

Other

 

 

 

 

 

144

 

 

 

 

 

 

$

37,793

 

 

$

44,602

 

 

$

174,906

 

Schedule of Expected Amortization Expense

 

Fiscal Year Ending June 30,

 

 

2026

 

 

2027

 

 

2028

 

 

2029

 

 

2030

 

Estimated amortization expense

 

$

4,701

 

 

$

4,667

 

 

$

3,971

 

 

$

3,355

 

 

$

3,355