Discontinued Operations (Tables)

12 Months Ended

Jun. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

Assets and liabilities of discontinued operations presented in the Consolidated Balance Sheets as of June 30, 2018 are included in the following table:

ASSETS	June 30, 2018
Cash and cash equivalents	$	6,460
Accounts receivable, less allowance for doubtful accounts	21,616
Inventories	105,359
Prepaid expenses and other current assets	5,604
Property, plant and equipment, net	83,776
Goodwill	41,089
Trademarks and other intangible assets, net	51,029
Other assets	4,382
Impairments of long-lived assets held for sale	(78,464		)
Current assets of discontinued operations	$	240,851
LIABILITIES
Accounts payable	$	31,762
Accrued expenses and other current liabilities	6,880
Deferred tax liabilities	11,111
Other noncurrent liabilities	93
Current liabilities of discontinued operations	$	49,846

The following table presents the major classes of Hain Pure Protein’s line items constituting the “Net (loss) income from discontinued operations, net of tax” in our Consolidated Statements of Operations:

	Fiscal Year Ended June 30,
	2019			2018			2017
Net sales	$	408,109		$	509,475		$	509,606
Cost of sales	409,433			486,023			487,631
Gross (loss) profit	(1,324		)	23,452			21,975
Asset impairments	109,252			78,464			—
Selling, general and administrative expense	16,384			18,743			19,180
Other expense	9,088			4,699			1,530
Loss on sale of discontinued operations before income taxes	40,859			—			—
Net (loss) income from discontinued operations before income taxes	(176,907		)	(78,454		)	1,265
Benefit for income taxes	(43,538		)	(5,720		)	(624		)
Net (loss) income from discontinued operations, net of tax	$	(133,369	)	$	(72,734	)	$	1,889