Segment Information

6 Months Ended

Dec. 31, 2013

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Segment Information

SEGMENT INFORMATION

Our operations are managed by geography and are comprised of four operating segments: United States, United Kingdom, Canada and Europe. The United States and the United Kingdom are currently reportable segments, while Canada and Europe do not currently meet the quantitative thresholds for reporting and are therefore combined and reported as “Rest of World.”

Net sales and operating profit are the primary measures used by our Chief Operating Decision Maker (“CODM”) to evaluate segment operating performance and to decide how to allocate resources to segments. Our CODM is the Company’s Chief Executive Officer. Expenses related to certain centralized administration functions that are not specifically related to an operating segment are included in “Corporate and other.” Corporate and other expenses are comprised mainly of the compensation and related expenses of certain of the Company’s senior executive officers and other selected employees who perform duties related to our entire enterprise, as well as expenses for certain professional fees, facilities, and other items which benefit the Company as a whole. Additionally, acquisition related expenses and restructuring charges are included in “Corporate and other.” Expenses that are managed centrally but can be attributed to a segment, such as employee benefits, are principally allocated based on headcount. Assets are reviewed by the CODM on a consolidated basis and are not reported by operating segment.

The following tables set forth financial information about each of the Company’s reportable segments. Transactions between reportable segments were insignificant for all periods presented.

	Three Months Ended December 31,						Six Months Ended December 31,
	2013			2012			2013			2012
Net Sales:
United States	$	327,725		$	280,415		$	639,720		$	533,062
United Kingdom	146,051			120,167			260,046			178,115
Rest of World	61,103			54,737			112,597			103,949
	$	534,879		$	455,319		$	1,012,363		$	815,126
Operating Income:
United States	$	56,510		$	47,582		$	102,876		$	84,099
United Kingdom	12,001			12,076			13,912			11,050
Rest of World	3,996			4,268			6,910			8,674
	$	72,507		$	63,926		$	123,698		$	103,823
Corporate and other (1)	(8,194		)	(12,682		)	(19,613		)	(20,303		)
	$	64,313		$	51,244		$	104,085		$	83,520

(1) For the three months ended December 31, 2013 and 2012, Corporate and other includes a net reduction of expense of $18 (of which $102 of expense is recorded in cost of sales) and expenses of $3,775, respectively, for acquisition related expenses (credits), restructuring and integration charges. Such expenses for the six months ended December 31, 2013 and 2012 were $3,003 (of which $827 is recorded in cost of sales) and $4,416, respectively.

The Company’s long-lived assets, which primarily represent net property, plant and equipment, by geographic area are as follows:

	December 31, 2013		June 30, 2013
United States	$	140,152	$	149,240
Canada	9,882		10,057
United Kingdom	146,678		122,620
Europe	28,403		27,064
	$	325,115	$	308,981