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Correction of Immaterial Errors To Prior Period Financial Statements (Tables)
 3 Months Ended
Sep. 30, 2016
Accounting Changes and Error Corrections [Abstract]  
Schedule of Correction of Immaterial Errors to Prior Period Financial Statements
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
 
Three Months Ended September 30, 2015
 
As Reported
 
Adjustment
 
As Revised
Net sales
$
687,188

 
$
(19,461
)
 
$
667,727

Cost of sales
535,141

 
(5,295
)
 
529,846

    Gross profit
152,047

 
(14,166
)
 
137,881

Selling, general and administrative expenses
86,254

 
(10,704
)
 
75,550

Amortization of acquired intangibles
4,672

 
(33
)
 
4,639

Acquisition related expenses, restructuring and integration charges and other
3,653

 
(233
)
 
3,420

    Operating income
57,468

 
(3,196
)
 
54,272

Interest and other financing expense, net
6,467

 
—

 
6,467

Other (income)/expense, net
5,401

 
—

 
5,401

Income before income taxes and equity in earnings of equity-
  method investees
45,600

 
(3,196
)
 
42,404

Provision for income taxes
14,382

 
(1,052
)
 
13,330

Equity in net income of equity-method investees
(84
)
 
—

 
(84
)
Net income
$
31,302

 
$
(2,144
)
 
$
29,158

 
 
 
 
 
 
Net income per common share:
 
 
 
 
 
    Basic
$
0.30

 
$
(0.02
)
 
$
0.28

    Diluted
$
0.30

 
$
(0.02
)
 
$
0.28

 
 
 
 
 
 
Weighted average common shares outstanding:
 
 
 
 
 
    Basic
102,807

 
102,807

 
102,807

    Diluted
104,258

 
104,258

 
104,258


* Net income per common share may not add in certain periods due to rounding
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)
 
 
Three Months Ended September 30, 2015
 
 
As Reported
 
Adjustment
 
As Revised
 
 
 
 
 
 
 
Net income
 
$
31,302

 
$
(2,144
)
 
$
29,158

 
 
 
 
 
 
 
Other comprehensive income (loss):
 
 
 
 
 
 
Foreign currency translation adjustments
 
$
(40,293
)
 
$
361

 
$
(39,932
)
Change in deferred gains on cash flow hedging instruments
 
1,341

 
—

 
1,341

Change in unrealized loss on available for sale investment
 
(156
)
 
—

 
(156
)
Total other comprehensive loss
 
$
(39,108
)
 
$
361

 
$
(38,747
)
 
 
 
 
 
 
 
Total comprehensive (loss)
 
$
(7,806
)
 
$
(1,783
)
 
$
(9,589
)
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
 
Three Months Ended September 30, 2015
 
As Reported
 
Adjustment
 
As Revised
CASH FLOWS FROM OPERATING ACTIVITIES
 
 
 
 
 
Net income
$
31,302

 
$
(2,144
)
 
$
29,158

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
  Depreciation and amortization
15,556

 
187

 
15,743

  Deferred income taxes
(1,681
)
 
(155
)
 
(1,836
)
  Equity in net income of equity-method investees
(84
)
 
—

 
(84
)
  Stock-based compensation
3,206

 
—

 
3,206

    Other non-cash items, including unrealized currency (gains)/loss, net
4,625

 
—

 
4,625

Increase (decrease) in cash attributable to changes in operating assets and
  liabilities, net of amounts applicable to acquisitions:
 
 
 
 
 
  Accounts receivable
(7,167
)
 
3,789

 
(3,378
)
  Inventories
(43,656
)
 
(1,399
)
 
(45,055
)
  Other current assets
6,416

 
12,308

 
18,724

  Other assets and liabilities
1,801

 
—

 
1,801

  Accounts payable and accrued expenses
(4,533
)
 
(12,586
)
 
(17,119
)
     Net cash provided by operating activities
$
5,785

 
$
—

 
$
5,785

SEGMENT NET SALES AND OPERATING INCOME (UNAUDITED)
 
Three months ended September 30, 2015
 
As Reported (1)
 
Adjustment
 
As Revised
Net Sales: 
 
 
 
 
 
United States
$
314,586

 
$
(11,955
)
 
$
302,631

United Kingdom
165,354

 
(4,499
)
 
$
160,855

Hain Pure Protein
123,988

 
(933
)
 
$
123,055

Rest of World
83,260

 
(2,074
)
 
$
81,186

 
$
687,188

 
$
(19,461
)
 
$
667,727

 
 
 
 
 
 
Operating Income:
 
 
 
 
 
United States
$
43,888

 
$
(2,381
)
 
$
41,507

United Kingdom
10,204

 
(362
)
 
9,842

Hain Pure Protein
10,271

 
218

 
10,489

Rest of World
2,673

 
(250
)
 
2,423

 
$
67,036

 
$
(2,775
)
 
$
64,261

Corporate and Other
(9,568
)
 
(421
)
 
(9,989
)
 
$
57,468

 
$
(3,196
)
 
$
54,272


(1) The information previously reported for the three months ended September 30, 2015 has been adjusted to reflect the Company’s
new operating and reporting structure effective in the first quarter of fiscal 2017. See Note 1, Business, and Note 16, Segment
Information, for additional details surrounding the formation of Cultivate.