v3.26.1
Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes In Carrying Amount Of Goodwill

The following table provides the changes in the carrying value of goodwill by reportable segment:

 

 

North
America

 

 

International

 

 

Total

 

Balance as of June 30, 2025(1)

 

$

312,321

 

 

$

188,640

 

 

$

500,961

 

Divestiture(2)

 

 

(57,082

)

 

 

—

 

 

 

(57,082

)

Impairment charge

 

 

(38,495

)

 

 

(112,431

)

 

 

(150,926

)

Translation

 

 

—

 

 

 

(4,656

)

 

 

(4,656

)

Balance as of March 31, 2026

 

$

216,744

 

 

$

71,553

 

 

$

288,297

 
(1)
The total carrying value of goodwill is reflected net of $563,159 of accumulated impairment charges, of which $365,379 is related to the North America reportable segment and $197,780 is related to the International reportable segment.
(2)
During February 2026, the Company completed the divestiture of its North American Snacks Business. Goodwill of $57,082 was ascribed to the divested businesses on a relative fair value basis related to the North America reportable segment.
Schedule of Finite-Lived Intangible Assets

The following table includes the gross carrying amount and accumulated amortization, where applicable, for intangible assets, excluding goodwill:

 

March 31, 2026

 

 

June 30, 2025

 

Non-amortized intangible assets:

 

 

 

 

 

 

Trademarks and tradenames(1)

 

$

69,651

 

 

$

179,282

 

Amortized intangible assets:

 

 

 

 

 

 

Other intangibles(2)(3)

 

 

238,567

 

 

 

159,162

 

Less: Accumulated amortization

 

 

(129,932

)

 

 

(127,539

)

Net amortized intangible assets

 

 

108,635

 

 

 

31,623

 

Net other intangible assets

 

$

178,286

 

 

$

210,905

 
(1)
The gross carrying value of trademarks and tradenames is reflected net of $290,260 and $275,990 of accumulated impairment charges as of March 31, 2026 and June 30, 2025, respectively. Effective April 1, 2026, as part of its annual impairment testing and in connection with the strategic review, the Company elected to change the useful life of its remaining intangible assets from indefinite to definite.
(2)
The reduction in carrying value of other intangible assets as of March 31, 2026 reflected accumulated non-cash impairment charges of $30,326 as of each of March 31, 2026 and June 30, 2025.
(3)
During the three months ended March 31, 2026, the useful life for certain tradenames (namely, Ella’s Kitchen® baby and kids foods, Hartley’s® Jelly and Spectrum® culinary oils, vinegars and condiments) were reclassified from indefinite to definite-lived. The carrying value of such intangible assets as of March 31, 2026 was $81,333.
Schedule of Finite-lived Intangible Assets Amortization Expense

Amortization expense included in the consolidated statements of operations is as follows:

 

Three Months Ended March 31,

 

 

Nine Months Ended March 31,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Amortization of acquired intangibles

 

$

3,314

 

 

$

1,243

 

 

$

5,725

 

 

$

5,176