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Transformation Program - Hain Reimagined | 6 Months Ended
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Dec. 31, 2024
Restructuring and Related Activities [Abstract] |
Transformation Program - Hain Reimagined | 15. TRANSFORMATION PROGRAM - HAIN REIMAGINED During the first quarter of fiscal year 2024, the Company initiated a multi-year growth, transformation and restructuring program (the “Hain Reimagined Program”). The Hain Reimagined 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 is comprised of: contract termination costs, asset write-downs, employee-related costs and other transformation-related expenses. For the three months ended December 31, 2024, expenses associated with the Hain Reimagined Program in the amount of $4,190, $2,254 and $858, were recorded in productivity and transformation costs, intangibles and long-lived asset impairment and cost of sales, respectively, on the consolidated statements of operations. For the three months ended December 31, 2023, expenses associated with the Hain Reim agined Program in the amount of $20,666, $6,869 and $3,113, were recorded in long-lived asset impairment, productivity and transformation costs and cost of sales, respectively, on the consolidated statements of operations. For the six months ended December 31, 2024, expenses associated with the Hain Reimagined Program in the amount of $9,208, $2,285 and $1,234, were recorded in productivity and transformation costs, intangibles and long-lived asset impairment, and cost of sales, respectively, on the consolidated statements of operations. For the six months ended December 31, 2023, expenses associated with the Hain Reimagined Program in the amount of $20,666, $13,272 and $6,433, were recorded in long-lived assets impairments, productivity and transformation costs and cost of sales, respectively, on the consolidated statements of operations. The table below sets forth expenses associated with the Hain Reimagined Program for the three and six months period ended December 31, 2024 and December 31, 2023 by reportable segments and Corporate and Other.
|  | Three Months Ended |  |  | Six Months Ended |
|  | December 31, 2024 |  |  | December 31, 2023 |  |  | December 31, 2024 |  |  | December 31, 2023 |
North America |  | $ | 3,410 |  |  | $ | 25,093 |  |  | $ | 5,651 |  |  | $ | 28,451 |
Corporate and Other |  |  | 3,733 |  |  |  | 5,067 |  |  |  | 5,723 |  |  |  | 10,837 |
International |  |  | 159 |  |  |  | 488 |  |  |  | 1,353 |  |  |  | 1,083 |
|  | $ | 7,302 |  |  | $ | 30,648 |  |  | $ | 12,727 |  |  | $ | 40,371 |
The following table displays the activities and liability balances relating to the Hain Reimagined Program for the period ended as of December 31, 2024. The Company expects to pay the remaining accrued restructuring costs during the next 12 months.
|  | Balance at June 30, 2024 |  |  | Charges |  |  | Amounts Paid |  |  | Non-cash settlements/ Adjustments |  |  | Balance at December 31, 2024 |
Employee-related costs |  | $ | 1,985 |  |  | $ | 3,252 |  |  | $ | (3,159 | ) |  | $ | — |  |  | $ | 2,078 |
Contract termination costs |  |  | 347 |  |  |  | 1,225 |  |  |  | (88 | ) |  |  | (59 | ) |  |  | 1,425 |
Asset write-downs(1) |  |  | — |  |  |  | 2,285 |  |  |  | — |  |  |  | (2,285 | ) |  |  | — |
Other transformation-related expenses(2) |  |  | 3,988 |  |  |  | 5,965 |  |  |  | (6,772 | ) |  |  | (1,200 | ) |  |  | 1,981 |
|  | $ | 6,320 |  |  | $ | 12,727 |  |  | $ | (10,019 | ) |  | $ | (3,544 | ) |  | $ | 5,484 |
(1) Represents non-cash asset write-downs including asset impairment and accelerated depreciation. (2) Other transformation-related expenses primarily include consultancy charges related to reorganization of global functio ns and related personnel resource requirements, and rationalizing sourcing and supply chain processes.

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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 S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: 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 3: 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 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: 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 + Details
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