Assets and Liabilities Held for Sale

12 Months Ended

Jun. 30, 2025

Discontinued Operations and Disposal Groups [Abstract]

ASSETS AND LIABILITIES HELD FOR SALE

During the third quarter of fiscal year 2025, the Company announced that it was exploring strategic alternatives regarding its personal care (“PC”) business to focus on its portfolio of better-for-you food and beverages. The Company determined that its PC business was held for sale and ascribed an aggregate $11,164 of goodwill from its U.S. and Canada reporting units to the PC business which are part of the North American reportable segment. The operating results of the business were not significant. The Company anticipates entering into a definitive agreement to sell these assets within 12 months from when it was initially

classified as held for sale.

During fiscal 2025, the Company recorded a non-cash charge of $26,843 to write down the carrying amount of the disposal group to its estimated fair value less cost to dispose, which was reflected within intangibles and long-lived asset impairment on the consolidated statements of operations. The following table presents the major classes of assets and liabilities of the personal care business classified as held for sale:


	Fiscal Year Ended
	June 30, 2025
ASSETS
Accounts receivable, net	$	7,121
Inventories		30,347
Prepaid expenses and other current assets		1,112
Property, plant and equipment, net		918
Goodwill		11,164
Other noncurrent assets		80
Operating lease right-of-use assets, net		5,704
Allowance for reduction of assets held for sale		(26,843	)
Assets held for sale	$	29,603
LIABILITIES

Accounts payable	$	5,432
Operating lease liabilities		5,793
Accrued expenses and other current liabilities		1,762
Liabilities held for sale	$	12,987