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TRANSFORMATION PROGRAM | 3 Months Ended
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Sep. 30, 2023
Restructuring and Related Activities [Abstract] |
TRANSFORMATION PROGRAM | TRANSFORMATION PROGRAM During the first quarter of fiscal year 2024, we initiated a multi-year growth and transformation program (the “Hain Reimagined Program”). The program is intended to optimize the Company’s portfolio, improve underlying profitability and increase its flexibility to invest in targeted growth initiatives, brand building and other capabilities critical to delivering future growth. The savings initiatives are expected to impact the Company’s reportable segments and Corporate and Other. Implementation of the Hain Reimagined Program is expected to be completed by the end of the 2027 fiscal year and comprised of: contract termination costs, asset write-downs, employee-related costs and other transformation-related expenses. For the three months ended September 30, 2023, expenses associated with the Company’s restructuring program in the amount of $6,403 and $3,320, respectively, were recorded in Productivity and transformation costs and Cost of sales on the Consolidated Statements of Operations and impacted reportable segments and Corporate and Other as follows:
| Three Months Ended September 30, 2023 |  |  |
Corporate and Other | $ | 5,770 |  |  |  |
North America | 3,358 |  |  |  |
International | 595 |  |  |  |
| $ | 9,723 |  |  |  |
The Company expects to pay the remaining accrued restructuring costs during the next 12 months. The following table displays the activities and liability balances relating to the restructuring program for the period ended as of September 30, 2023:
|  |  | Charges |  | Amounts Paid |  | Non-cash settlements/Adjustments 2 |  | Balance at September 30, 2023
Employee-related costs 1 |  |  | $ | 1,115 |  |  | $ | (46) |  |  | — |  |  | $ | 1,069 |
Contract termination costs |  |  | 1,799 |  |  | (1,528) |  |  | — |  |  | 271 |
Asset write-downs 2 |  |  | 1,521 |  |  | — |  |  | (1,521) |  |  | — |
Other transformation-related expenses 3 |  |  | 5,288 |  |  | (16) |  |  | — |  |  | 5,272 |
|  |  | $ | 9,723 |  |  | $ | (1,590) |  |  | $ | (1,521) |  |  | $ | 6,612 |
1 Employee-related expenses include $491 severance related to executive officer succession. 2 Represents non-cash asset write-downs, including accelerated depreciation and asset impairment. 3 Other transformation-related expenses primarily include consultancy charges. The liability balance as of September 30, 2023 is included within Accrued expenses and other current liabilities on the Company’s Consolidated Balance Sheets.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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