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Correction of Immaterial Errors To Prior Period Financial Statements (Tables) | 3 Months Ended
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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.

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22663-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22644-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22658-107794 + Details
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