BUSINESS The Hain Celestial Group, Inc., a Delaware corporation (collectively, along with its subsidiaries, the Company, and herein referred to as Hain Celestial, we, us and our), was founded in 1993 and is headquartered in Lake Success, New York. The Companys mission has continued to evolve since its founding, with health and wellness being the core tenet  To Create and Inspire A Healthier Way of Life TM and be the leading marketer, manufacturer and seller of organic and natural, better-for-you products by anticipating and exceeding consumer expectations in providing quality, innovation, value and convenience. The Company is committed to growing sustainably while continuing to implement environmentally sound business practices and manufacturing processes. Hain Celestial sells its products through specialty and natural food distributors, supermarkets, natural food stores, mass-market and e-commerce retailers, food service channels and club, drug and convenience stores in over 70 countries worldwide. The Company manufactures, markets, distributes and sells organic and natural products under brand names that are sold as better-for-you products, providing consumers with the opportunity to lead A Healthier Way of Life. Hain Celestial is a leader in many organic and natural products categories, with many recognized brands in the various market categories it serves, including Almond Dream  , Bearitos  , Better Bean  , BluePrint  , Casbah  , Celestial Seasonings  , Clarks, Coconut Dream  , Cully &amp; Sully  , Danival  , DeBoles  , Earths Best  , Ellas Kitchen  , Europes Best  , Farmhouse Fare, Frank Coopers  , Gales  , Garden of Eatin  , GG UniqueFiber  , Hain Pure Foods  , Hartleys  , Health Valley  , Imagine  , Johnsons Juice Co., Joya  , Lima  , Linda McCartney  (under license), MaraNatha  , Mary Berry (under license), Natumi  , New Covent Garden Soup Co.  , Orchard House  , Rice Dream  , Robertsons  , Rudis Gluten-Free Bakery, Rudis Organic Bakery  , Sensible Portions  , Spectrum  Organics, Soy Dream  , Sun-Pat  , Sunripe  , Terra  , The Greek Gods  , Walnut Acres  , Yorkshire Provender  , Yves Veggie Cuisine  and Williams. The Companys personal care products are marketed under the Alba Botanica  , Avalon Organics  , Earths Best  , JASON  , Live Clean  and Queen Helene  brands. The Companys strategy is to focus on simplifying the Companys portfolio and reinvigorating profitable sales growth through discontinuing uneconomic investment, realigning resources to coincide with individual brand roles, reducing unproductive stock-keeping units (SKUs) and brands, and reassessing current pricing architecture. As part of this initiative, the Company reviewed its product portfolio within North America and divided it into Get Bigger and Get Better brand categories. The Companys Get Bigger brands represent its strongest brands with higher margins, which compete in categories with strong growth. In order to capitalize on the potential of these brands, the Company began reallocating resources to optimize assortment and increase share of distribution. In addition, the Company will increase its marketing and innovation investments. The Companys Get Better brands are the brands in which the Company is primarily focused on simplification and expansion of profit. Some of these are low margin, non-strategic brands that add complexity with minimal benefit to the Companys operations. Accordingly, in fiscal 2019, the Company initiated a SKU rationalization, which included the elimination of approximately 350 low velocity SKUs. The elimination of these SKUs is expected to impact sales growth in the current fiscal year, but is expected to result in expanded profits and a remaining set of core SKUs that will maintain their shelf space in the store. As part of the Companys overall strategy, the Company may seek to dispose of businesses and brands that are less profitable or are otherwise less of a strategic fit within our core portfolio. Accordingly, the Company divested of all of its operations of the Hain Pure Protein reportable segment and WestSoy tofu, seitan and tempeh businesses in the United States in fiscal 2019, the entities comprising its Tilda operating segment and certain other assets of the Tilda business on August 27, 2019 and its Arrowhead Mills and SunSpire brands in October 2019. Productivity and Transformation Costs As part of the Companys historical strategic review, it focused on a productivity initiative, which it called Project Terra. A key component of this project was the identification of global cost savings and the removal of complexity from the business. This review has included and continues to include streamlining the Companys manufacturing plants, co-packers and supply chain, eliminating served categories or brands within those categories, and product rationalization initiatives which are aimed at eliminating slow moving SKUs. In fiscal 2019, the Company announced a new transformation initiative, of which one aspect is to identify additional areas of productivity savings to support sustainable profitable performance. Productivity and Transformation Costs include costs associated with these initiatives, which primarily include consulting and severance costs, as well as costs to dispose of businesses and brands that are less profitable or are otherwise less of a strategic fit within our core portfolio. Discontinued Operations On August 27, 2019, the Company and Ebro Foods S.A. (the Purchaser) entered into, and consummated the transactions contemplated by, an Agreement relating to the sale and purchase of the Tilda Group Entities and certain other assets (the Sale and Purchase Agreement). Under the Sale and Purchase Agreement, the Company sold the entities comprising its Tilda operating segment (the Tilda Group Entities) and certain other assets of the Tilda business to the Purchaser for an aggregate price of $342,000 in cash, subject to customary post-closing adjustments based on the balance sheets of the Tilda business. The other assets sold in the transaction consisted of raw materials, consumables, packaging, and finished and unfinished goods related to the Tilda business held by other Company entities that are not Tilda Group Entities. This disposition represented a strategic shift that had a major impact on the Companys operations and financial results and has been accounted for as discontinued operations. On February 15, 2019, the Company completed the sale of substantially all of the assets used primarily for the Plainville Farms business, a component of the Companys Hain Pure Protein Corporation (HPPC) operating segment. On June 28, 2019, the Company completed the sale of the remainder of HPPC and Empire Kosher which included the FreeBird and Empire Kosher businesses. These dispositions were undertaken to reduce complexity in the Companys operations and simplify the Companys brand portfolio, in addition to allowing additional flexibility to focus on opportunities for growth and innovation in the Companys more profitable and faster growing core businesses. Collectively, these dispositions which were reported in the aggregate as the Hain Pure Protein reportable segment represented a strategic shift that had a major impact on the Companys operations and financial results and have been accounted for as discontinued operations. The Company is presenting the operating results and cash flows of the Tilda operating segment and the Hain Pure Protein reportable segment within discontinued operations in the current and prior periods. The assets and liabilities of the Tilda operating segment are presented as assets and liabilities of discontinued operations in the Consolidated Balance Sheets for all periods presented. See Note 5, Discontinued Operations , for additional information. Change in Reportable Segments Historically, the Company had three reportable segments: United States, United Kingdom and Rest of World. Effective July 1, 2019, the Company reassessed its segment reporting structure due to changes in how the Companys Chief Executive Officer (CEO), who is the chief operating decision maker, assesses the Companys performance and allocates resources as a result of a change in the Companys strategy, which includes creating synergies among the Companys United States and Canada businesses, as well as among the Companys international businesses in the United Kingdom and Europe. As a result, the Canada and Hain Ventures operating segment, which were included within the Rest of World reportable segment, were moved to the United States reportable segment and renamed the North America reportable segment. Additionally, the Europe operating segment, which was included in the Rest of World reportable segment, was combined with the United Kingdom reportable segment and renamed the International reportable segment. Accordingly, the Company now operates under two reportable segments: North America and International. Prior period segment information contained herein has been adjusted to reflect the Companys new operating and reporting structure.