v3.26.3
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Jun. 30, 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, 2024(1)

 

$

689,468

 

 

$

239,836

 

 

$

929,304

 

Divestiture(2)

 

 

(7,280

)

 

 

—

 

 

 

(7,280

)

Impairment charges

 

 

(357,679

)

 

 

(71,203

)

 

 

(428,882

)

Reclassification of goodwill to held for sale(3)

 

 

(11,164

)

 

 

—

 

 

 

(11,164

)

Translation

 

 

(1,024

)

 

 

20,007

 

 

 

18,983

 

Balance as of June 30, 2025

 

 

312,321

 

 

 

188,640

 

 

 

500,961

 

Divestiture(4)

 

 

(57,082

)

 

 

—

 

 

 

(57,082

)

Impairment charges

 

 

(38,495

)

 

 

(154,724

)

 

 

(193,219

)

Translation

 

 

—

 

 

 

(4,581

)

 

 

(4,581

)

Balance as of June 30, 2026

 

$

216,744

 

 

$

29,335

 

 

$

246,079

 

 

(1)
The total carrying value of goodwill as of June 30, 2024 is reflected net of $134,277 of accumulated impairment charges, of which $7,700 is related to the North America reportable segment and $126,577 is related to the International reportable segment.
(2)
Represents the goodwill assigned to the ParmCrisps® business in connection with the divestiture of such business, which was ascribed on a relative fair value basis. See Note 5, Dispositions, for more information.
(3)
Represents the goodwill ascribed to the PC business in connection with the classification such business as held for sale. See Note 4, Assets and Liabilities Held for Sale, for more information.
(4)
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.
:

 

Reporting Unit

 

(Dollars in thousands)

 

U.S.

 

 

U.K.

 

 

Western Europe

 

Goodwill as of June 30, 2025

 

$

312,321

 

 

$

116,212

 

 

$

42,138

 

Impairment charge during three months ended December 31, 2025

 

 

(38,495

)

 

 

(81,413

)

 

 

—

 

Divestiture during three months ended March 31, 2026

 

 

(57,082

)

 

 

—

 

 

 

—

 

Impairment charge during three months ended March 31, 2026

 

 

—

 

 

 

(31,018

)

 

 

—

 

Impairment charge during three months ended June 30, 2026

 

 

—

 

 

 

—

 

 

 

(42,293

)

Translation

 

 

—

 

 

 

(3,781

)

 

 

155

 

Goodwill as of June 30, 2026

 

$

216,744

 

 

$

—

 

 

$

—

 

As of June 30, 2025, the Company had qualitatively or quantitatively tested all goodwill associated with its reporting units for impairment and, as previously disclosed, determined that the goodwill related to the U.S. and U.K. reporting units remained at risk for potential future impairment since such reporting units were impaired in fiscal 2025.
Schedule of Finite-Lived Intangible Assets

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

 

Fiscal Year Ended June 30,

 

 

2026

 

 

2025

 

Non-amortized intangible assets:

 

 

 

 

 

 

Trademarks and tradenames(1)

 

$

—

 

 

$

179,282

 

Amortized intangible assets:

 

 

 

 

 

 

Other intangibles(2)

 

 

308,753

 

 

 

159,162

 

Less: Accumulated amortization

 

 

(135,233

)

 

 

(127,539

)

Net amortized intangible assets

 

 

173,520

 

 

 

31,623

 

Net other intangible assets

 

$

173,520

 

 

$

210,905

 

 

(1)
The gross carrying value of trademarks and tradenames is reflected net of nil and $275,990 of accumulated impairment charges as of June 30, 2026 and 2025, respectively. Effective April 1, 2026, as part of its annual impairment testing and in connection with the ongoing strategic review and business strategy to focus on simplifying the organization and its portfolio, the Company changed the estimated useful life of its remaining intangible assets and reclassified them from indefinite to definite. The carrying value of such intangible assets as of June 30, 2026 was $67,773.
(2)
The reduction in carrying value of other intangible assets as of June 30, 2026 reflected accumulated non-cash impairment charges of $320,931 and $30,326 as of June 30, 2026 and June 30, 2025, respectively. As noted above, the Company changed the estimated useful life of its remaining intangible assets and reclassified them from indefinite to definite. The carrying value of such intangible assets as of June 30, 2026 was $147,354.
Schedule of Non-Cash Impairment Charges

Non-cash impairment charges, recorded within long-lived asset and intangibles asset impairment on the consolidated statements of operations, for the fiscal years ended June 30, 2026 and June 30, 2025 were as follows:

 

 

Fiscal Year Ended June 30,

 

 

2026

 

 

2025

 

Hartley’s® Jelly tradename

 

$

10,583

 

 

$

—

 

Earth’s Best® tradenames

 

 

2,038

 

 

 

—

 

Spectrum® tradename

 

 

1,800

 

 

 

—

 

Sensible Portions® tradename

 

 

—

 

 

 

18,000

 

Personal care tradenames (Alba Botanica®, Avalon Organics®, and JASON®)

 

 

—

 

 

 

12,085

 

Belvedere™ trademark and customer relationships

 

 

—

 

 

 

3,648

 

Imagine® tradename

 

 

—

 

 

 

3,100

 

Health Valley® trademark

 

 

—

 

 

 

960

 

Other

 

 

194

 

 

 

—

 

 

 

$

14,615

 

 

$

37,793

 
Schedule of Expected Amortization Expense Expected amortization expense for the next five fiscal years is as follows:

 

 

Fiscal Year Ending June 30,

 

 

2027

 

 

2028

 

 

2029

 

 

2030

 

 

2031

 

Estimated amortization expense

 

$

20,085

 

 

$

19,185

 

 

$

18,719

 

 

$

18,719

 

 

$

18,016