Multi Packaging Solutions International (MPSX) 10-Q 9 Nov 16 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2016	Nov. 04, 2016
Document And Entity Information
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Entity Registrant Name	Multi Packaging Solutions International Ltd
Entity Central Index Key	1,645,926
Current Fiscal Year End Date	--06-30
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		77,452,946

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Current assets
Cash and cash equivalents	$ 50,573	$ 44,769
Accounts receivable, net	262,303	237,179
Inventories	162,097	165,617
Prepaid expenses and other current assets	27,136	30,742
Total current assets	502,109	478,307
Property, plant and equipment
Land	51,237	52,093
Buildings and improvements	68,447	65,827
Machinery and equipment	399,347	393,206
Furniture and fixtures	16,223	15,580
Construction in progress	13,876	12,689
Total	549,130	539,395
Less: Accumulated depreciation	(176,510)	(155,700)
Total property, plant and equipment, net	372,620	383,695
Other assets
Intangible assets, net	323,297	340,858
Goodwill	462,488	464,714
Deferred income taxes	7,107	7,210
Other assets	35,446	32,806
Total assets	1,703,067	1,707,590
Current liabilities
Accounts payable	175,398	171,935
Payroll and benefits	33,122	36,977
Other current liabilities	37,093	40,892
Current portion of long-term debt	6,916	7,307
Income taxes payable	6,043	4,489
Total current liabilities	258,572	261,600
Long-term debt, less current portion	897,380	900,516
Deferred income taxes	71,636	72,625
Other long-term liabilities	28,804	29,955
Total liabilities	1,256,392	1,264,696
Shareholders' equity
Common shares – 77,452,946 issued and outstanding	77,453	77,453
Additional paid-in capital	470,612	469,698
Accumulated deficit	(29,984)	(43,233)
Accumulated other comprehensive loss	(72,663)	(63,290)
Total Multi Packaging Solutions International Limited shareholders' equity	445,418	440,628
Noncontrolling interest	1,257	2,266
Total shareholders' equity	446,675	442,894
Total liabilities and shareholders' equity	$ 1,703,067	$ 1,707,590

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2016	Jun. 30, 2016
Statement of Financial Position
Contributed capital, par	$ 1	$ 1
Contributed capital, shares authorized	1,000,000,000	1,000,000,000
Preferred Stock, Shares Issued	0	0
Common Shares, shares issued	77,452,946	77,452,946
Common Shares, shares outstanding	77,452,946	77,452,946

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Net sales	$ 407,825	$ 459,051
Cost of goods sold	323,481	359,710
Gross profit	84,344	99,341
Selling, general and administrative expenses
Selling, general and administrative expenses	56,334	58,312
Transaction related expenses	284	350
Total selling, general and administrative expenses	56,618	58,662
Operating income	27,726	40,679
Other income (expense), net	2,937	(3,635)
Interest expense	(14,642)	(18,729)
Total other expense, net	(11,705)	(22,364)
Income before income taxes	16,021	18,315
Income tax expense	(3,152)	(5,231)
Consolidated net income	12,869	13,084
Net loss (income) attributable to noncontrolling interest	(380)	77
Net income attributable to shareholders of Multi Packaging Solutions International Limited	$ 13,249	$ 13,007
Net income attributable to shareholders of Multi Packaging Solutions International Limited per share:
Basic	$ 0.17	$ 0.21
Diluted	$ 0.17	$ 0.21
Weighted-average number of common shares outstanding:
Basic	77,453	61,939
Diluted	77,453	61,939
Other comprehensive income (loss)
Cumulative foreign currency translation adjustment	$ (8,868)	$ (9,692)
Adjustment on available-for-sale securities	(16)	(17)
Pension adjustments	(489)	792
Total other comprehensive loss	(9,373)	(8,917)
Comprehensive income	3,496	4,090
Comprehensive loss (income) attributable to non-controlling interests	380	(12)
Comprehensive income attributable to shareholders of Multi Packaging Solutions International Limited	$ 3,876	$ 4,078

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY - 3 months ended Sep. 30, 2016 - USD ($) $ in Thousands	Common Shares	Additional Paid-in Capital	Accumulated (Deficit)	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest	Total
Beginning Balance at Jun. 30, 2016	$ 77,453	$ 469,698	$ (43,233)	$ (63,290)	$ 2,266	$ 442,894
Beginning Balance (in shares) at Jun. 30, 2016	77,452,946
Net income (loss)			13,249			13,249
Net loss (income) attributable to noncontrolling interest					(380)	(380)
Net Income (Loss)						12,869
Stock compensation		285				285
Purchase of non-controlling interest		629			(629)
Other comprehensive loss				(9,373)		(9,373)
Ending Balance at Sep. 30, 2016	$ 77,453	$ 470,612	$ (29,984)	$ (72,663)	$ 1,257	$ 446,675
Ending Balance (in shares) at Sep. 30, 2016	77,452,946

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Operating Activities
Net income	$ 12,869	$ 13,084
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:
Depreciation expense	16,729	19,247
Amortization expense	12,712	14,064
Amortization of deferred financing fees	946	1,221
Deferred income taxes	(158)	(697)
Stock compensation	285	(414)
Unrealized foreign currency (gain) loss	(2,184)	1,183
Other	(341)	1,255
Change in assets and liabilities:
Accounts receivable	(26,406)	(29,546)
Inventories	2,409	933
Prepaid expenses and other current assets	3,660	(859)
Other assets	(3,595)	(4,496)
Accounts payable	4,985	15,724
Payroll and benefits	(3,836)	(348)
Other current liabilities	(3,823)	(101)
Income taxes payable	1,527	3,957
Other long-term liabilities	(715)	(1,188)
Net cash and cash equivalents provided by operating activities	15,064	33,019
Investing Activities
Additions to property, plant and equipment	(6,645)	(12,321)
Additions to intangible assets	(34)	(28)
Proceeds from sale of assets	45	325
Acquisitions of businesses, net of cash acquired		(2,749)
Net cash and cash equivalents used in investing activities	(6,634)	(14,773)
Financing Activities
Proceeds from short-term borrowings		26,483
Payments on short-term borrowings		(24,965)
Payments on long-term debt	(2,874)	(4,094)
Net cash and cash equivalents used in financing activities	(2,874)	(2,576)
Effect of exchange rate changes on cash and cash equivalents	248	3,934
Increase in cash and cash equivalents	5,804	19,604
Cash and cash equivalents-beginning	44,769	55,675
Cash and cash equivalents-ending	$ 50,573	$ 75,279

Nature of Business

Nature of Business	3 Months Ended
	Sep. 30, 2016
Nature of Business
Nature of Business	Note 1—Nature of Business The Company “MPS” and the “Company” refer to Multi Packaging Solutions International Limited and its controlled subsidiaries. MPS is a leading, global provider of value-added packaging solutions to a diverse customer base across the healthcare, consumer, and multi-media end markets. MPS provides its customers with print-based specialty packaging, including premium-folding cartons, labels and inserts across a variety of substrates and finishes. Bermuda Reincorporation On October 7, 2015, 100% of the share capital of Multi Packaging Solutions Global Holdings Limited was acquired by Multi Packaging Solutions International Limited, a company incorporated and organized under the laws of Bermuda, from Chesapeake Finance 1 Limited and Mustang Investment Holdings L.P. In connection with the issuance of shares, the number of shares was increased as a result of the par value changing from one British Pound Sterling to one U.S. dollar. The total authorized share capital of the Company is 1 billion shares. The Company’s Board of Directors has the authority to allot and issue any unissued shares as common shares or preference shares, provided the total number of shares of the classes combined does not exceed the total authorized amount. The Board of Directors may also determine the number and specific rights attaching to any preference shares that may be issued. The Company has not issued any preference shares to date. Stock-split and Initial Public Offering On October 8, 2015, the Company’s board of directors approved and the Company executed a 1 for 5.08 reverse stock split of its common shares prior to completing its proposed initial public offering. All share and per share data has been presented to reflect this reverse split. On October 22, 2015, the Company completed its initial public offering of 16,500,000 common shares at a price of $13.00 per share. In connection with the offering, funds controlled by The Carlyle Group (“Carlyle”) and certain current and former employees, sold 1,000,000 common shares (which was included in the 16,500,000 common shares). The underwriters also exercised their rights to purchase an additional 2,475,000 common shares from certain of the selling shareholders, including investment funds controlled by Madison Dearborn (“Madison”) and Carlyle, at the public offering price, less the underwriting discount. The Company did not receive any of the proceeds from the shares sold by Madison or Carlyle, certain current and former employees, or from the exercise of the underwriters’ option. The Company received proceeds of $186,424 from the initial public offering, of which $182,414 was used to repay outstanding borrowings under the Company’s Term Loans, with the remaining amount used to pay a portion of the total offering costs of $7,024. On June 8, 2016, a secondary offering was completed, and Madison and Carlyle sold 10,000,000 common shares. The underwriters also exercised their rights to purchase an additional 1,500,000 common shares from the selling shareholders. The Company did not receive any of the proceeds from the secondary offering.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Sep. 30, 2016
Basis of Presentation
Basis of Presentation	Note 2—Basis of Presentation The accompanying unaudited condensed consolidated financial statements as of September 30, 2016 and for the three months ended September 30, 2016 and 2015 have been prepared in accordance with the accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and pursuant to the instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”) and on the same basis as the Company prepares its annual audited consolidated financial statements. The condensed consolidated balance sheet as of September 30, 2016 and the condensed consolidated statements of operations and comprehensive income (loss) for the three months ended September 30, 2016 and 2015 and the statements of cash flows for the three months ended September 30, 2016 and 2015 and statement of shareholders’ equity for the three months ended September 30, 2016 are unaudited, but include all adjustments, consisting only of normal recurring adjustments, which the Company considers necessary for a fair presentation of the consolidated financial position, operating results and cash flows for the periods presented. The results for the three months ended September 30, 2016 are not necessarily indicative of results to be expected for the fiscal year ending June 30, 2017 or for any future interim period. The condensed consolidated balance sheet at June 30, 2016 has been derived from the audited consolidated financial statements of the Company. However, the interim financial information does not include all of the information and notes required by GAAP for complete consolidated financial statements. The accompanying condensed consolidated financial statements and notes thereto should be read in conjunction with the consolidated financial statements for the fiscal year June 30, 2016, and notes thereto included in the Company’s Annual Report on Form 10-K. Principles of Consolidation The consolidated financial statements include the accounts of Multi Packaging Solutions International Limited and its controlled subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. In September 2016, the Company acquired a portion of the remaining noncontrolling interest in one of its subsidiaries, MPS Denver, LLC (“Denver”) for a nominal amount. The transaction was accounted for as an acquisition of noncontrolling interest and included in the statement of stockholders’ equity. As of September 30, 2016, the Company owns 80% of the outstanding ownership interests in Denver. Newly Adopted Accounting Pronouncements In March 2016, the FASB issued ASU No. 2016-09, Compensation-Stock Compensation (Topic 718) . ASU No. 2016-09 requires all income tax effects of awards to be recognized in the income statement when the awards vest or are settled. It also will allow an employer to repurchase more of an employee’s shares than it can today for tax withholding purposes without triggering liability accounting and to make a policy election to account for forfeitures as they occur. The amendments in this update are effective for annual periods beginning after December 15, 2016, and interim periods within such annual period. Early adoption is permitted, however all of guidance must be adopted in the same period under the transition requirements. The Company elected to early adopt the provisions of ASU No. 2016-09 as of July 1, 2016, which is the beginning of the current fiscal year. The adoption of the new guidance did not materially impact the Company’s consolidated financial position or results of operations. The Company elected to account for forfeitures when they occur. Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which requires measurement and recognition of expected credit losses for financial assets held. The amendments in this update are effective for annual periods beginning after December 15, 2019, and interim periods within such annual period. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within such year. The Company is currently evaluating the potential impacts of adopting the provisions of ASU No. 2016-13. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . ASU No. 2016-02 requires an entity to recognize lease assets and lease liabilities on the balance sheet and to disclose key information about the entity’s leasing arrangements. Lease expenses will be recognized in the income statement in a manner similar to existing requirements. The amendments in this update are effective for annual periods beginning after December 15, 2018, and interim periods within such annual period, and must be adopted using a modified retrospective method for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. Early adoption is permitted. The Company is currently evaluating the potential effects of adopting the provisions of ASU No. 2016-02. In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory. ASU No. 2015-11 requires inventory measured using any method other than last-in, first out or the retail inventory method to be subsequently measured at the lower of cost or net realizable value, rather than at the lower of cost or market. ASU No. 2015-11 is effective for annual reporting periods beginning after December 15, 2016 and for interim periods within such annual period. Early application is permitted. The Company is currently evaluating the potential effects of adopting the provisions of ASU No. 2015-11. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) . ASU No. 2014-09 supersedes the revenue recognition requirements in Topic 605, Revenue Recognition , and most industry-specific guidance throughout the Industry Topics of the Codification. Additionally, ASU No. 2014-09 supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition-Construction-Type and Production-Type Contracts . Under ASU No. 2014-09, an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU No. 2014-09 also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. Additionally, in May 2016, the FASB issued ASU 2016-12, Revenue from contracts with customers (Topic 606): Narrow-scope improvements and practical expedients , which contains certain provisions and practical expedients in response to identified implementation issues. The guidance is effective for annual reporting periods beginning after December 15, 2017 and for interim periods within such annual period, with early application prohibited for annual reporting periods beginning after December 15, 2016. Either full retrospective or modified retrospective adoption is permitted. The Company is evaluating the transition method that will be elected and the potential effects of adopting the provisions of ASU No. 2014-09.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Sep. 30, 2016
Earnings Per Share
Earnings Per Share	Note 3—Earnings Per Share Earnings per share are computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share are computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable for unvested restricted stock, as calculated using the treasury stock method. Three Months Ended September 30, 2016 2015 Numerator: Net income available to common $ $ Denominator: Weighted average number of Effect of unvested restricted stock and restricted stock units * — — Weighted average number of Basic earnings per common share $ $ Dilutive earnings per common share $ $ * The effect of unvested restricted stock and restricted stock units for the three months ended September 30, 2016 was not material.

Acquisitions

Acquisitions	3 Months Ended
	Sep. 30, 2016
Acquisitions
Acquisitions	Note 4—Acquisitions The Company accounts for acquisitions using the acquisition method of accounting. The results of operations of the acquisitions are included in the consolidated results from their respective dates of acquisition. The purchase price of each acquisition is allocated to the tangible assets, liabilities, and identifiable intangible assets acquired based on their estimated fair values. Chicago Paper Tube and Can Co. On January 26, 2015, the Company completed the acquisition of Chicago Paper Tube & Can Co. (“CPT”). The acquisition of CPT provides the Company with high-end, round rigid packaging capability in North America. Consideration for the transaction consisted of cash totaling $8,189, net of cash acquired, and was funded from existing cash balances. CPT’s operations, which are included in the North America operating segment, are not material to the Company’s consolidated financial statements. BluePrint Media Limited On July 1, 2015, the Company completed the acquisition of BP Media, Ltd. (“BluePrint”). The acquisition of BluePrint provides the Company with pre-press and digital services in the European market, facilitating the processes surrounding translation and interchangeability of print content for foreign locations. In addition, BluePrint provides the Company with an established sales presence in the media markets in Europe, which will enable the Company to serve the European needs of global media releases. BluePrint had annual revenue of approximately $23,000 in its most recently completed year prior to the acquisition. Consideration in the transaction consisted of cash totaling £1,587 (approximately $2,496 at the transaction date exchange rate), net of cash acquired. The purchase price was funded from existing cash balances. Subject to the provisions in the agreement, additional consideration of £1,000 (approximately $1,301 at current period-end exchange rates) is payable on June 30, 2018. Further consideration of 25% of the acquired business’s EBITDA, as defined in the share purchase agreement, for the three fiscal years ending June 30, 2018 is also payable to the sellers, subject to the achievement of a minimum EBITDA. The Company estimated £944 (approximately $1,228 at current period-end exchange rates) as the fair value of such contingent consideration as of the acquisition date. There were no material changes to the fair value of the contingent consideration between the acquisition date and September 30, 2016. BluePrint’s operations, which are included in the Europe operating segment, are not material to the Company’s consolidated financial statements.

Inventories

Inventories	3 Months Ended
	Sep. 30, 2016
Inventories
Inventories	Note 5—Inventories Inventories consisted of the following: As of As of September 30, 2016 June 30, 2016 Raw materials $ $ Work in progress Finished goods $ $

Intangible Assets

Intangible Assets	3 Months Ended
	Sep. 30, 2016
Intangible Assets
Intangible Assets	Note 6—Intangible Assets Intangible assets, net, consisted of the following: Gross Carrying Accumulated Weighted Average As of September 30, 2016 Amount Amortization Net Useful Life (Years) Customer relationships $ $ $ 20 Developed technology 5 Photo library 5 Licensing agreements 20 Total $ $ $ Gross Carrying Accumulated Weighted Average As of June 30, 2016 Amount Amortization Net Useful Life (Years) Customer relationships $ $ $ 20 Developed technology 5 Photo library 5 Licensing agreements 20 Total $ $ $ Amortization expense included in selling, general and administrative expenses was as follows: Three Months Ended September 30, 2016 2015 Amortization of intangible assets $ $

Goodwill

Goodwill	3 Months Ended
	Sep. 30, 2016
Goodwill.
Goodwill	Note 7—Goodwill Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. The Company tests goodwill for impairment annually as of the first day of the fourth fiscal quarter, or more frequently if indicators of potential impairment exist. Changes in the carrying amount of goodwill by segment for the three months ended September 30, 2016 were as follows: North America Europe Asia Total Balance as of June 30, 2016 $ $ $ $ Translation adjustments — — Balance as of September 30, 2016 $ $ $ $

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Sep. 30, 2016
Fair Value of Financial Instruments
Fair Value of Financial Instruments	Note 8—Fair Value of Financial Instruments The following table sets forth the Company’s financial assets and liabilities carried at fair value on a recurring basis by level within the fair value hierarchy: As of September 30, 2016 Level 1 Level 2 Level 3 Total Assets: Available for sale securities $ $ — $ — $ Foreign currency contracts — — Liabilities: Interest rate swaps — — Foreign currency contracts — — Contingent consideration — — As of June 30, 2016 Level 1 Level 2 Level 3 Total Assets: Available for sale securities $ $ — $ — $ Foreign currency contracts — — Liabilities: Interest rate swaps — — Foreign currency contracts — — Contingent consideration — — Available for sale securities represent an investment in Zoo Digital Group PLC (“Zoo”), a provider of software and software-led services for the filmed entertainment and pharmaceutical markets, and is reported at fair value based on quoted market prices. The fair value of interest rate swaps and foreign currency contracts are based on pricing models that rely on market observable inputs such as yield curves, currency exchange rates and forward prices. The Company maintains two amortizing interest rate swaps that mature in December 2017. The swaps are being used to hedge the exposure to changes in the market London Interbank Offered Rate (“LIBOR”) or Euro Interbank Offered Rate (“EURIBOR”). At September 30, 2016 and June 30, 2016, one of the swaps had a notional amount of £84,390 and £84,608 respectively, whereby the Company pays a fixed rate of interest of 1.1649% and receives a variable rate based on LIBOR on the amortizing notional amount. The other swap had a notional amount of €97,285 and €97,786, respectively, whereby the Company pays a fixed rate of interest of 1.0139% and receives a variable rate based on EURIBOR on the amortizing notional amount. As of September 30, 2016 and June 30, 2016, the swaps had a negative fair value of $2,977 and $3,573, respectively, which is included in other long-term liabilities in the condensed consolidated balance sheets. The Company has not designated these interest rate swaps as effective hedges and, as such, the change in the fair value each period is recorded in other income (expense), net. In connection with the acquisition of BluePrint in July 2015, payment of a portion of the purchase price is contingent upon the achievement of certain operating results ( see Note 4) . The Company estimated the acquisition date fair value of the contingent consideration as the present value of the expected contingent payments, determined using the weighted probabilities of the possible payments. The Company is required to reassess the fair value of contingent payments on a periodic basis. The significant inputs used in the estimate of this obligation includes numerous possible scenarios for the payments based on the contractual terms of the contingent consideration, for which probabilities are assigned to each scenario, which are then discounted based on an individual risk analysis of the liability. Although the Company believes its estimates and assumptions are reasonable, different assumptions, including those regarding the operating results of the respective businesses, or changes in the future may result in different estimated amounts. Other than translation adjustments, there were no changes in the balance of the contingent consideration during the three months ended September 30, 2016.

Other Income (Expense), net

Other Income (Expense), net	3 Months Ended
	Sep. 30, 2016
Other Income (Expense), net
Other Income (Expense), net	Note 9—Other Income (Expense), net Other income (expense), net is comprised of the following for the three months ended September 30, 2016 and 2015: Three Months Ended September 30, 2016 2015 Gain (loss) on derivatives $ $ Foreign currency gains (losses) Other — Other income (expense), net $ $

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss).
Accumulated Other Comprehensive Income (Loss)	Note 10—Accumulated Other Comprehensive Income (Loss) The change in accumulated other comprehensive income (loss) for the three months ended September 30, 2016 and 2015 is as follows: Foreign Currency Translation Adjustments and Available for Pension other Sale Securities Adjustments Total Balance as of June 30, 2016 $ $ $ $ Other comprehensive income (loss) (a) Balance as of September 30, 2016 $ $ $ $ (a) Includes $1,832 of unrealized foreign currency gains and losses related to intercompany foreign currency transactions that are of a long-term investment nature and a net investment hedge. Foreign Currency Translation Available for Pension Adjustments Sale Securities Adjustments Total Balance as of June 30, 2015 $ $ $ $ Other comprehensive income (loss) Balance as of September 30, 2015 $ $ $ $ There were no amounts reclassified from accumulated other comprehensive income during the three months ended September 30, 2016 and 2015.

Income Taxes

Income Taxes	3 Months Ended
	Sep. 30, 2016
Income Taxes
Income Taxes	Note 11—Income Taxes For the three months ended September 30, 2016 and 2015, the effective tax rates which includes the impact of discrete items, were as follows: Three Months Ended September 30, 2016 2015 Effective tax rate provision % % Our effective tax rate differs from the US federal statutory income tax rate of 35.0%, due to the mix and levels between United States and foreign earnings. Included in the three months ended September 30, 2016 was a benefit of $778 related to a reduction in the enacted UK statutory tax rate and an expense of $619 related to the finalization of a state audit. Excluding these discrete items, the effective tax rate for the three months ended September 30, 2016 is lower than the statutory rate primarily due to the mix of earnings. This includes the forecasted tax benefit primarily in the United States resulting from debt extinguishment charges recorded in October 2016 (see Note 19, Subsequent Events). As of September 30, 2016 and June 30, 2016, the total liability for uncertain tax benefits, including accrued interest and penalties, was $2,030 and $2,106, respectively, which is included in other long-term liabilities on the accompanying condensed consolidated balance sheets. In October 2015, the Mexican Tax Authorities concluded their audit of the 2008 tax year and issued an assessment. The Company has filed an appeal with the Mexican Tax Court. The Company has been indemnified for all taxes payable and unrecognized tax positions by ASG from the prior owners for the audits in Canada and the tax court case in Mexico. During the three months ended September 30, 2016 and 2015, cash paid for taxes was $2,028 and $2,891, respectively.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Sep. 30, 2016
Employee Benefit Plans
Employee Benefit Plans	Note 12—Employee Benefit Plans Defined Benefit Plans The Company maintains a number of defined benefit pension plans for the benefit of its employees throughout the world, which vary depending on the conditions and practices in the countries concerned. The principal defined benefit pension plan is the Field Group Pension Plan in the United Kingdom. The assets of the plan are held in an external trustee-administered fund. The Company also operates two further defined benefit pension plans in the United Kingdom (known as the Chesapeake pension plan and the GCM pension plan), as well as a number of defined benefit arrangements in France and Germany. The defined benefit pension plans in the United Kingdom are funded while the French and German plans are mainly unfunded. The benefits are based on a fixed rate of pay per year depending on the department worked in and function of the participant. Charges to expense are based upon costs computed using actuarial assumptions. For the three months ended September 30, 2016 and 2015, the components of total periodic benefit costs were as follows: Three Months Ended September 30, 2016 2015 Components of net periodic benefit (benefit) cost: Service cost $ $ Interest cost Expected return on plan assets Net periodic (benefit) cost $ $

Indebtedness

Indebtedness	3 Months Ended
	Sep. 30, 2016
Indebtedness
Indebtedness	Note 13—Indebtedness Total borrowings outstanding are summarized as follows: As of As of September 30, 2016 June 30, 2016 Term Loans, due September 2020 Dollar Tranche A Term Loan $ $ Dollar Tranche B Term Loan Dollar Tranche C Term Loan Sterling Term Loan Euro Term Loan Less: discount and issuance costs Total Term Loans, net of discount and issuance costs Notes Payable, due August 2021, net of discount and issuance costs Other borrowings: Foreign debt Capital leases Total borrowings outstanding Less: short-term foreign borrowings and current portion of Long-term debt, less current portion $ $ As of September 30, 2016 and June 30, 2016, the fair value of the notes payable, due August 2021, was $212,750 and $209,000, respectively, and the carrying value was $196,902 and $196,743, respectively. The bonds payable fair value was determined using quoted market prices (level 2). The carrying amount of the Company’s other borrowings approximate their fair value. The Company’s borrowing arrangements, including available borrowings under the Fourth Amendment to the Credit Agreement, are discussed further in the consolidated financial statements for the fiscal year June 30, 2016, and notes thereto included in the Company’s Annual Report on Form 10-K. As of September 30, 2016 and June 30, 2016, the Company was in compliance with all associated covenants. Refer to Note 19, Subsequent Events, for further descriptions of certain transactions related to the Company’s indebtedness that occurred in October 2016.

Restructuring Related Costs

Restructuring Related Costs	3 Months Ended
	Sep. 30, 2016
Restructuring Related Costs
Restructuring Related Costs	Note 14—Restructuring Related Costs The Company previously announced the closure of the former ASG facility located in Melrose Park, Illinois in September 2015, and the closure was completed in February 2016. In May 2016, the intention to relocate the Stuttgart, Germany business was announced and in August 2016, the intention to close the Bradford, United Kingdom was announced. The following is a summary of the activity with respect to the Company’s restructuring related costs, which are principally related to these items. Severance and Costs Associated with Exit Employee Related or Disposal Activities Total Balance at June 30, 2016 $ $ $ Restructuring related costs Amounts paid Other (principally foreign currency translation) — Balance at September 30, 2016 $ $ $ Severance and Costs Associated with Exit Employee Related or Disposal Activities Total Balance at June 30, 2015 $ $ $ Restructuring related costs Amounts paid Balance at September 30, 2015 $ $ $ These costs are primarily recorded in cost of goods sold in the accompanying condensed consolidated statements of operations and comprehensive income (loss) for the three months ended September 30, 2016 and 2015. Accrued restructuring related costs are included in other current liabilities on the condensed consolidated balance sheets. The total restructuring related costs for the three months ended September 30, 2016 were principally recorded in the Europe segment, while the total restructuring related costs for the three months ended September 30, 2015 were principally recorded in the North America segment.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 30, 2016
Commitments and Contingencies.
Commitments and Contingencies	Note 15—Commitments and Contingencies The Company participates in multiple collective bargaining agreements with various unions, which provide specified benefits to certain union employees. Approximately 8% of the Company’s employees in North America are unionized and approximately 75% of the Company’s employees in Europe are members of a union or works counsel or otherwise covered by labor agreements. The collective bargaining contract agreements with the various unions are set to expire at various dates between 2017, at which time, the Company expects to negotiate a renewal of the agreements. The Company is involved in various proceedings, legal actions and claims arising in the normal course of business. Such matters are subject to many uncertainties, and outcomes are not predictable with assurance. The Company records amounts for losses that are deemed to be probable and subject to reasonable estimate. The Company does not anticipate losses as a result of these proceedings that would materially affect the Company’s consolidated financial statements.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Sep. 30, 2016
Related Party Transactions
Related Party Transactions	Note 16—Related Party Transactions On February 13, 2014, the Company loaned CEP III Chase Finance S.à r.l., an entity owned by Carlyle, and Mustang Intermediate Investments S.à r.l., an entity owned by Madison Dearborn Partners, each $1,677 to enable them to purchase 5.1% of the outstanding capital stock of CD Cartondruck GmbH. The notes bear interest at a rate of 2.0%, compounded annually, and had a maturity date of February 14, 2015. The loan had automatic renewal periods unless terminated through a written notice no less than four weeks prior to maturity. The $3,354 note receivable was recorded in other assets on the consolidated balance sheet as of June 30, 2015. On October 8, 2015, the Company purchased CD Cartondruck GmbH for the value of the note plus interest. The transaction was accounted for as an acquisition of noncontrolling interest and included in the statement of stockholders’ equity. As of October 8, 2015, the Company owns 100% of the outstanding capital stock of CD Cartondruck GmBH. In connection with the Company entering into that certain Fifth Amendment to Credit Agreement and Third Incremental Joinder as more fully described in Note 19, certain affiliates of Carlyle hold approximately $55,000 principal amount of the Company’s outstanding debt obligations under the Incremental Term Loan (as defined in Note 19), Euro Term Loan and Sterling Term Loan.

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	Sep. 30, 2016
Stock Based Compensation
Stock Based Compensation	Note 17—Stock Based Compensation The Company recognized compensation expense, or (reduction of expense), related to awards under its stock based compensation plans as follows: Three Months Ended Fiscal Year Ended September 30, June 30, 2016 2015 2016 Performance Based Units $ — $ — $ 2014 Equity Incentive Plan — Payroll taxes relating to stock based compensation — — — 2015 Incentive Award Plan — Total $ $ $ Performance Based Units In connection with Carlyle’s acquisition of Chesapeake, certain members of Chesapeake’s management were allowed to co-invest with Carlyle in an entity controlled by Carlyle that holds an investment in the Company. At the time of the grant, those members of management that invested alongside Carlyle received a specified number of common shares, which were subject to a performance-based ratchet (the “Ratchet”). Pursuant to the Ratchet, members of management’s ownership percentage could increase based on Chesapeake completing an “Exit” that resulted in a specified return on invested capital (“MOIC”) and internal rate of return (“IRR”) for certain investors. An Exit is defined as the completion of a liquidating event, which includes the completion of an initial public offering (“IPO”). Since a liquidity event, including an IPO, is generally not probable until it occurs, no compensation cost had been recognized in the financial statements through the initial public offering date. On October 22, 2015, the Company completed its IPO ( see Note 1 ) and accordingly the performance-based units vested and the Company recognized stock based compensation expense of approximately $9,460 at that time. The expense at the time of the IPO was calculated using the IPO stock price of $13 per share on a per share equivalent basis of Carlyle shares, less a lack of marketability discount rate due to the shares not being freely tradeable by the members of management. 2014 Equity Incentive Plan (Mustang Investment Holdings L.P.) The 2014 Equity Incentive Plan (the “2014 Plan”) provides for profits interests and restricted capital interests in Mustang Investment Holdings L.P. (“Holdings”) to be granted to directors, officers and employees of the Company. During fiscal 2016, Holdings did not issue any time-vesting profits interests or performance-vesting profits interests. Time-vesting profits interests vested twenty percent per year on each of the first five anniversaries of August 15, 2013, as per the applicable award agreement. All performance-vesting profits interests would vest based on Holdings’ principal investors obtaining various thresholds of an internal rate of return as defined in the 2014 Plan, which represents a performance condition. Since the profits interests issued under the 2014 Plan are for interests in Holdings, which is outside of the consolidated group, the value of the profits interests was marked to market at each of the Company’s reporting periods. On October 22, 2015, the Company completed its IPO and in connection with the IPO the performance-vesting profits interests vested and the Company accelerated the vesting of the time-vesting profits interest. The Company recognized compensation expense, or (reduction of expense), related to awards under the 2014 Plan as follows: Three Months Ended Fiscal Year Ended September 30, 2015 June 30, 2016 Time vesting profits interests $ Time vesting restricted capital interests Performance-vesting profits interests — Total $ $ 2014 Plan—Profits Interests Valuation As an input to the Black-Scholes model, and for valuation of the profits interests and restricted capital interest awards, the Company estimated the fair value of Holdings’ equity quarterly. The Company relied on the results of a discounted cash flow analysis but also considered other widely recognized valuation models. The discounted cash flow analysis is dependent on a number of significant management assumptions regarding the expected future financial results of the Company and Holdings, as well as upon estimates of an appropriate cost of capital. A sensitivity analysis was performed in order to establish a narrow range of estimated fair values for the equity of Holdings. The market approach consists of identifying a set of guideline public companies. Multiples of historical and projected earnings before interest, taxes, depreciation and amortization (“EBITDA”) determined based on the guideline companies are applied to Holdings’ EBITDA in order to establish a range of estimated fair value for the equity of Holdings. After considering all of these estimates of fair value, the Company then determines a single estimated fair value of the equity to be used in accounting for equity-based compensation. The Company calculated the estimated fair value of each award as of the reporting date for each grant prior to the IPO using the Black–Scholes option valuation model. There was no active market for Holdings’ equity. Therefore, as a substitute for Holdings’ volatility, the Company elected to use the historical volatility of various publicly traded companies in the printing industry. The expected term of profits interests granted is derived from the output of the option valuation model and represents the period of time that profits interests granted are expected to be outstanding. The risk-free rate for periods within the life of the profits interests is based on the U.S. Treasury yield curve in effect at the time of grant. During the three months ended September 30, 2015, the Company utilized 4.26 years as the expected term, 41.0% for its expected volatility, and 1.2% for the risk free rate of interest. The Company does not expect to pay any dividends and the weighted average of profits interest was $10.54 per profits interest. The expense at the time of the IPO was calculated using the IPO stock price of $13 per share on a per share equivalent basis of Holdings shares less a lack of marketability discount rate due to the shares not being freely tradeable. At the time of the Company’s IPO all the profits interests in Holdings were converted on an equivalent share basis. As of June 30, 2016, there are no profits interests outstanding, nor is there any unearned compensation related to unvested profits interests. 2014 Plan—Restricted Capital Interests Valuation For restricted capital interests issued under the 2014 Plan the Company calculated the estimated fair value of each award using the Black-Scholes option valuation model that uses the assumptions described below and considers a lack of marketability discount. There was no active market for Holdings’ equity. Therefore, as a substitute for Holdings’ volatility, the Company elected to use the historical volatility of various publicly traded companies in the printing industry. The Company uses historical data to estimate employee terminations within the valuation model. The expected term of restricted capital interests granted is derived from the output of the option valuation model and represents the period of time that restricted capital interests granted are expected to be outstanding. The risk-free rate for periods within the life of the restricted capital interests is based on the U.S. Treasury yield curve in effect at the time of grant. During the three months ended September 30, 2015, the Company utilized 4.26 years as the expected term, 41.0% for its expected volatility, and 1.2% for the risk free rate of interest. The Company does not expect to pay any dividends and the weighted average of restricted capital interests was $11.23 per capital interest. The expense at the time of the IPO was calculated using the IPO stock price of $13 per share on a per share equivalent basis of Holdings shares less a lack of marketability discount rate due to the shares not being freely tradeable. At the time of the Company’s IPO all the restricted capital interests in Holdings were converted on an equivalent share basis. As of June 30, 2016, there are no restricted capital interests outstanding, nor is there any unearned compensation related to unvested restricted capital interests. 2015 Incentive Award Plan The Multi Packaging Solutions International Limited 2015 Incentive Award Plan (the “2015 Plan”) was adopted in October 2015 and provides for the grant of stock options, including incentive stock options and nonqualified stock options, restricted stock, dividend equivalents, restricted stock units, stock appreciation rights, and other stock or cash-based awards. All awards under the 2015 Plan are granted pursuant to award agreements, which, together with the 2015 Plan, detail the terms and conditions of the awards, including any applicable vesting, payment terms and post-termination exercise limitations. Awards may be subject to performance criteria, which are determined by the Company’s Board of Directors (or a committee thereof), and that must be achieved in order for the awards to vest and/or be settled. An aggregate of 9,000 common shares was initially made available for issuance under the 2015 Plan. A summary of the restricted stock and restricted stock unit activity for the three months ended September 30, 2016 is as follows: Number Restricted Stock and Restricted Stock Units Weighted Average Grant Date Fair Value (per share) Non-vested as of June 30, 2016 $ Granted $ Non-vested as of September 30, 2016 $ The Company recorded expense of $285 for the three months ended September 30, 2016 in connection with stock grants under the 2015 Plan. As of September 30, 2016, $8,400 of unrecognized stock-based compensation expense related to non-vested restricted stock awards under the 2015 Incentive Award Plan is expected to be recognized over a weighted-average period of 2.9 years.

Segments

Segments	3 Months Ended
	Sep. 30, 2016
Segments
Segments	Note 18—Segments The Company operates its business along three operating segments, which are grouped on the basis of geography: North America, Europe and Asia. The Company believes this method of segment reporting reflects both the way its business segments are managed and the way the performance of each segment is evaluated. The three segments consist of similar operating activities as each segment produces similar products. The Company, including its Chief Operating Decision Maker, evaluates performance based on several factors, of which the primary financial measure is Adjusted EBITDA. Adjusted EBITDA is defined as segment net income before income taxes, interest, depreciation, amortization, restructuring, transaction, stock-based compensation and certain other costs that do not relate to the segment’s ongoing operations. A reconciliation of Adjusted EBITDA to consolidated net income is provided in the tables below. Inter-segment sales and transfers, which were not material, are accounted for as if the sales or transfers were to third parties, at current market prices. Three Months Ended September 30, 2016 2015 Net Sales North America $ $ Europe Asia Total Net Sales $ $ Depreciation and Amortization North America $ $ Europe Asia Total Depreciation and Amortization $ $ Operating Income North America $ $ Europe Asia Total Operating Income $ $ Adjusted EBITDA North America $ $ Europe Asia Total Adjusted EBITDA $ $ Three Months Ended September 30, 2016 2015 Capital Expenditures North America $ $ Europe Asia Total Capital Expenditures $ $ As of September 30, As of June 30, 2016 2016 Total Assets North America $ $ Europe Asia Total Assets $ $ The Company’s product offerings consist of print-based specialty packaging products across the consumer, healthcare and multi-media end markets. The Company produces similar products including labels, cartons, inserts and rigid packaging (the “Specific Products”) in all of the geographies it serves, and in all of the end markets it serves. These Specific Products represent one product line. The nature of a specific carton, label, insert or rigid package is similar from end market to end market and geography to geography. Oftentimes, the Specific Products sold to the customer are bundled, including both label and carton, or label, carton and insert or any combination thereof. The following are summaries of gross sales estimated by product category and of net sales estimated by end markets for the respective periods: Three Months Ended September 30, 2016 2015 Premium Folding Cartons $ $ Inserts Labels Rigid Packaging Other Consumer Products Total Sales Reserves and Eliminations Total Net Sales $ $ Consumer $ $ Healthcare Multi-Media Total Net Sales $ $ The following is a reconciliation of EBITDA and Adjusted EBITDA to consolidated net income. Three Months Ended September 30, 2016 2015 Consolidated net income $ $ Depreciation and amortization Interest expense Income tax expense EBITDA Transaction costs Stock based and deferred compensation Purchase accounting adjustments Restructuring related costs Loss on sale of fixed assets Foreign currency (gains) losses Other adjustments to EBITDA Adjusted EBITDA $ $

Subsequent Events

Subsequent Events	3 Months Ended
	Sep. 30, 2016
Subsequent Events.
Subsequent Events	Note 19—Subsequent Events On October 14, 2016, the Company acquired AJS Group Limited (“AJS”), a leading supplier in the United Kingdom of self-adhesive labels. The addition of this specialist business complements the Company’s existing operations and extends the group’s marketing capability and reach to customers within the branded consumer sectors and international beauty and personal care sectors. AJS’ net sales for its most recently completed 12 months were approximately £9,000 (approximately $12,000). The preliminary cash purchase price included an estimated working capital payment to the sellers and totaled £10,991, net of cash acquired ( $13,425 at the transaction date exchange rate). The final purchase price is subject to a working capital, net debt and EBITDA adjustment with the sellers. The purchase price was funded with existing cash balances. On October 14, 2016, certain wholly owned subsidiaries of the Company entered into that certain Fifth Amendment to Credit Agreement and Third Incremental Joinder by and among Multi Packaging Solutions Limited, MPS/CSK Holdings, Inc., Multi Packaging Solutions, Inc., certain other wholly owned subsidiaries of MPS, the lenders party thereto and Barclays Bank PLC in its capacities as administrative agent and collateral agent (the “Fifth Amendment”). The Fifth Amendment includes a new $220,000 U.S. Dollar tranche D term loan maturing in October 2023 (the “Incremental Term Loan”). The interest rate margin applicable to the Incremental Term Loan is 3.25% above LIBOR, subject to a 1.00% LIBOR floor. The proceeds of the Incremental Term Loan were used, in part, to redeem the outstanding $200,000 in aggregate principal amount of 8.500% Senior Notes due 2021 (the “Notes”) on October 17, 2016 at a redemption price equal to 106.375% of the outstanding principal amount of the Notes plus accrued and unpaid interest. Funds in an amount sufficient to fully pay the redemption price were deposited with the trustee for the Notes on October 14, 2016 so that the Notes and related indenture were fully satisfied and discharged as of October 14, 2016. The Fifth Amendment also lowered the interest rate margin on the existing Euro tranche B term loan to 3.25% above EURIBOR and the interest rate margin on the existing British Pound Sterling tranche B term loan to 4.00% above LIBOR, in each case subject to a 1.00% EURIBOR/LIBOR floor. The maturity of each of the existing Euro tranche B term loan and British Pound Sterling tranche B term loan remains September 2020. Finally, the Fifth Amendment increased the size of Multi Packaging Solutions, Inc.’s U.S. Dollar revolving credit facility to $70,000. On November 4, 2016, the Company acquired the assets and business of i3 Plastic Cards (“i3”), a fully-integrated solution provider for creating and personalizing plastic transaction cards including pre-paid gift and loyalty cards that is based in Dallas, Texas. The business complements the Company’s existing transaction card operations and offers customers a broader range of options. Net sales for i3 for the most recently completed 12 months were approximately $13,000. The preliminary purchase price paid to the seller included cash consideration of $15,000 and 226,224 common shares of the Company, valued at $3,000. The final purchase price is subject to a working capital adjustment with the seller. Additional cash consideration may be paid based on the acquired business’ EBITDA, as defined in the Asset Purchase Agreement, through September 30, 2019. Such additional cash consideration may range from zero to $13,800.

Basis of Presentation - Summary

Basis of Presentation - Summary of Significant Accounting (Policies)	3 Months Ended
	Sep. 30, 2016
Basis of Presentation
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements as of September 30, 2016 and for the three months ended September 30, 2016 and 2015 have been prepared in accordance with the accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and pursuant to the instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”) and on the same basis as the Company prepares its annual audited consolidated financial statements. The condensed consolidated balance sheet as of September 30, 2016 and the condensed consolidated statements of operations and comprehensive income (loss) for the three months ended September 30, 2016 and 2015 and the statements of cash flows for the three months ended September 30, 2016 and 2015 and statement of shareholders’ equity for the three months ended September 30, 2016 are unaudited, but include all adjustments, consisting only of normal recurring adjustments, which the Company considers necessary for a fair presentation of the consolidated financial position, operating results and cash flows for the periods presented. The results for the three months ended September 30, 2016 are not necessarily indicative of results to be expected for the fiscal year ending June 30, 2017 or for any future interim period. The condensed consolidated balance sheet at June 30, 2016 has been derived from the audited consolidated financial statements of the Company. However, the interim financial information does not include all of the information and notes required by GAAP for complete consolidated financial statements. The accompanying condensed consolidated financial statements and notes thereto should be read in conjunction with the consolidated financial statements for the fiscal year June 30, 2016, and notes thereto included in the Company’s Annual Report on Form 10-K.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Multi Packaging Solutions International Limited and its controlled subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation.
Newly Adopted Accounting Pronouncements	Newly Adopted Accounting Pronouncements In March 2016, the FASB issued ASU No. 2016-09, Compensation-Stock Compensation (Topic 718) . ASU No. 2016-09 requires all income tax effects of awards to be recognized in the income statement when the awards vest or are settled. It also will allow an employer to repurchase more of an employee’s shares than it can today for tax withholding purposes without triggering liability accounting and to make a policy election to account for forfeitures as they occur. The amendments in this update are effective for annual periods beginning after December 15, 2016, and interim periods within such annual period. Early adoption is permitted, however all of guidance must be adopted in the same period under the transition requirements. The Company elected to early adopt the provisions of ASU No. 2016-09 as of July 1, 2016, which is the beginning of the current fiscal year. The adoption of the new guidance did not materially impact the Company’s consolidated financial position or results of operations. The Company elected to account for forfeitures when they occur. Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which requires measurement and recognition of expected credit losses for financial assets held. The amendments in this update are effective for annual periods beginning after December 15, 2019, and interim periods within such annual period. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within such year. The Company is currently evaluating the potential impacts of adopting the provisions of ASU No. 2016-13. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . ASU No. 2016-02 requires an entity to recognize lease assets and lease liabilities on the balance sheet and to disclose key information about the entity’s leasing arrangements. Lease expenses will be recognized in the income statement in a manner similar to existing requirements. The amendments in this update are effective for annual periods beginning after December 15, 2018, and interim periods within such annual period, and must be adopted using a modified retrospective method for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. Early adoption is permitted. The Company is currently evaluating the potential effects of adopting the provisions of ASU No. 2016-02. In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory. ASU No. 2015-11 requires inventory measured using any method other than last-in, first out or the retail inventory method to be subsequently measured at the lower of cost or net realizable value, rather than at the lower of cost or market. ASU No. 2015-11 is effective for annual reporting periods beginning after December 15, 2016 and for interim periods within such annual period. Early application is permitted. The Company is currently evaluating the potential effects of adopting the provisions of ASU No. 2015-11. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) . ASU No. 2014-09 supersedes the revenue recognition requirements in Topic 605, Revenue Recognition , and most industry-specific guidance throughout the Industry Topics of the Codification. Additionally, ASU No. 2014-09 supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition-Construction-Type and Production-Type Contracts . Under ASU No. 2014-09, an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU No. 2014-09 also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. Additionally, in May 2016, the FASB issued ASU 2016-12, Revenue from contracts with customers (Topic 606): Narrow-scope improvements and practical expedients , which contains certain provisions and practical expedients in response to identified implementation issues. The guidance is effective for annual reporting periods beginning after December 15, 2017 and for interim periods within such annual period, with early application prohibited for annual reporting periods beginning after December 15, 2016. Either full retrospective or modified retrospective adoption is permitted. The Company is evaluating the transition method that will be elected and the potential effects of adopting the provisions of ASU No. 2014-09.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Sep. 30, 2016
Earnings Per Share
Earnings (Loss) Per Share Computation	Three Months Ended September 30, 2016 2015 Numerator: Net income available to common $ $ Denominator: Weighted average number of Effect of unvested restricted stock and restricted stock units * — — Weighted average number of Basic earnings per common share $ $ Dilutive earnings per common share $ $ * The effect of unvested restricted stock and restricted stock units for the three months ended September 30, 2016 was not material.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Sep. 30, 2016
Inventories
Inventories	As of As of September 30, 2016 June 30, 2016 Raw materials $ $ Work in progress Finished goods $ $

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Sep. 30, 2016
Intangible Assets
Intangible Assets	Gross Carrying Accumulated Weighted Average As of September 30, 2016 Amount Amortization Net Useful Life (Years) Customer relationships $ $ $ 20 Developed technology 5 Photo library 5 Licensing agreements 20 Total $ $ $ Gross Carrying Accumulated Weighted Average As of June 30, 2016 Amount Amortization Net Useful Life (Years) Customer relationships $ $ $ 20 Developed technology 5 Photo library 5 Licensing agreements 20 Total $ $ $
Schedule of Amortization expense included in selling, general and administrative expenses	Three Months Ended September 30, 2016 2015 Amortization of intangible assets $ $

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Sep. 30, 2016
Goodwill.
Summary of Changes in Carrying Value of Goodwill by Reportable Segment	North America Europe Asia Total Balance as of June 30, 2016 $ $ $ $ Translation adjustments — — Balance as of September 30, 2016 $ $ $ $

Fair Value of Financial Instr31

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Sep. 30, 2016
Fair Value of Financial Instruments
Financial Assets and Liabilities Carried at Fair Value on Recurring Basis	As of September 30, 2016 Level 1 Level 2 Level 3 Total Assets: Available for sale securities $ $ — $ — $ Foreign currency contracts — — Liabilities: Interest rate swaps — — Foreign currency contracts — — Contingent consideration — — As of June 30, 2016 Level 1 Level 2 Level 3 Total Assets: Available for sale securities $ $ — $ — $ Foreign currency contracts — — Liabilities: Interest rate swaps — — Foreign currency contracts — — Contingent consideration — —

Other Income (Expense), net (Ta

Other Income (Expense), net (Tables)	3 Months Ended
	Sep. 30, 2016
Other Income (Expense), net
Schedule of Other income (expense), Net	Three Months Ended September 30, 2016 2015 Gain (loss) on derivatives $ $ Foreign currency gains (losses) Other — Other income (expense), net $ $

Accumulated Other Comprehensi33

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss).
Change in Accumulated Other Comprehensive Income (Loss)	Foreign Currency Translation Adjustments and Available for Pension other Sale Securities Adjustments Total Balance as of June 30, 2016 $ $ $ $ Other comprehensive income (loss) (a) Balance as of September 30, 2016 $ $ $ $ (a) Includes $1,832 of unrealized foreign currency gains and losses related to intercompany foreign currency transactions that are of a long-term investment nature and a net investment hedge. Foreign Currency Translation Available for Pension Adjustments Sale Securities Adjustments Total Balance as of June 30, 2015 $ $ $ $ Other comprehensive income (loss) Balance as of September 30, 2015 $ $ $ $

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Sep. 30, 2016
Income Taxes
Reconciliations of Expected Income Taxes	Three Months Ended September 30, 2016 2015 Effective tax rate provision % %

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Sep. 30, 2016
Employee Benefit Plans
Net Periodic Benefit Cost	Three Months Ended September 30, 2016 2015 Components of net periodic benefit (benefit) cost: Service cost $ $ Interest cost Expected return on plan assets Net periodic (benefit) cost $ $

Indebtedness (Tables)

Indebtedness (Tables)	3 Months Ended
	Sep. 30, 2016
Indebtedness
Total Borrowings Outstanding	As of As of September 30, 2016 June 30, 2016 Term Loans, due September 2020 Dollar Tranche A Term Loan $ $ Dollar Tranche B Term Loan Dollar Tranche C Term Loan Sterling Term Loan Euro Term Loan Less: discount and issuance costs Total Term Loans, net of discount and issuance costs Notes Payable, due August 2021, net of discount and issuance costs Other borrowings: Foreign debt Capital leases Total borrowings outstanding Less: short-term foreign borrowings and current portion of Long-term debt, less current portion $ $

Restructuring Related Costs (Ta

Restructuring Related Costs (Tables)	3 Months Ended
	Sep. 30, 2016
Restructuring Related Costs
Summary of Activity with Respect to Reserve Established in Connection with Restructuring Plan	Severance and Costs Associated with Exit Employee Related or Disposal Activities Total Balance at June 30, 2016 $ $ $ Restructuring related costs Amounts paid Other (principally foreign currency translation) — Balance at September 30, 2016 $ $ $ Severance and Costs Associated with Exit Employee Related or Disposal Activities Total Balance at June 30, 2015 $ $ $ Restructuring related costs Amounts paid Balance at September 30, 2015 $ $ $

Stock Based Compensation (Table

Stock Based Compensation (Tables)	3 Months Ended
	Sep. 30, 2016
Stock Based Compensation
Compensation Expense Related to Awards Under Stock Option Plans	Three Months Ended Fiscal Year Ended September 30, June 30, 2016 2015 2016 Performance Based Units $ — $ — $ 2014 Equity Incentive Plan — Payroll taxes relating to stock based compensation — — — 2015 Incentive Award Plan — Total $ $ $
Compensation Expense Related to Awards	Three Months Ended Fiscal Year Ended September 30, 2015 June 30, 2016 Time vesting profits interests $ Time vesting restricted capital interests Performance-vesting profits interests — Total $ $
Schedule of Nonvested Restricted Stock And Restricted Stock Unit Activity	Number Restricted Stock and Restricted Stock Units Weighted Average Grant Date Fair Value (per share) Non-vested as of June 30, 2016 $ Granted $ Non-vested as of September 30, 2016 $

Segments (Tables)

Segments (Tables)	3 Months Ended
	Sep. 30, 2016
Segments
Schedule of Segment Reporting Information, by Segment	Three Months Ended September 30, 2016 2015 Net Sales North America $ $ Europe Asia Total Net Sales $ $ Depreciation and Amortization North America $ $ Europe Asia Total Depreciation and Amortization $ $ Operating Income North America $ $ Europe Asia Total Operating Income $ $ Adjusted EBITDA North America $ $ Europe Asia Total Adjusted EBITDA $ $
Schedule of Capital Expenditure By Segment	Three Months Ended September 30, 2016 2015 Capital Expenditures North America $ $ Europe Asia Total Capital Expenditures $ $
Reconciliation of Assets from Segment to Consolidated	As of September 30, As of June 30, 2016 2016 Total Assets North America $ $ Europe Asia Total Assets $ $
Revenue from External Customers by Products and Services	Three Months Ended September 30, 2016 2015 Premium Folding Cartons $ $ Inserts Labels Rigid Packaging Other Consumer Products Total Sales Reserves and Eliminations Total Net Sales $ $ Consumer $ $ Healthcare Multi-Media Total Net Sales $ $
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	Three Months Ended September 30, 2016 2015 Consolidated net income $ $ Depreciation and amortization Interest expense Income tax expense EBITDA Transaction costs Stock based and deferred compensation Purchase accounting adjustments Restructuring related costs Loss on sale of fixed assets Foreign currency (gains) losses Other adjustments to EBITDA Adjusted EBITDA $ $

Nature of Business - Additional

Nature of Business - Additional Information (Details) $ / shares in Units, $ in Thousands	Jun. 08, 2016shares	Oct. 22, 2015USD ($)$ / sharesshares	Oct. 08, 2015	Sep. 30, 2016$ / shares	Jun. 30, 2016$ / shares	Oct. 07, 2015$ / shares	Oct. 07, 2015£ / shares
Nature Of Business
Reverse stock split, ratio			0.197
Contributed capital, par | $ / shares				$ 1	$ 1
Initial Public Offering
Nature Of Business
Initial public offering share of common stock issued		16,500,000
Common stock issued price per share | $ / shares		$ 13
Proceeds from issuance of common stock | $		$ 186,424
Extinguishment of Debt, Amount | $		182,414
Offering costs | $		$ 7,024
Common shares sold by Carlyle and certain current and former employees		1,000,000
Number of shares of common stock attributable to exercise of underwriters option to purchase		2,475,000
Secondary Offering
Nature Of Business
Number of shares of common stock attributable to exercise of underwriters option to purchase	1,500,000
Multi Packaging Solutions Global Holdings Limited
Nature Of Business
Ownership interest percentage						100.00%	100.00%
Contributed capital, par | (per share)						$ 1	£ 1
Madison Dearborn Partners Llc And Carlyle Group [Member] | Secondary Offering
Nature Of Business
Common shares sold by Carlyle and certain current and former employees	10,000,000

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share
Net Income (Loss) Attributable to Parent	$ 13,249	$ 13,007
Weighted average number of common shares outstanding—basic	77,453	61,939
Weighted Average Number of Shares Outstanding, Diluted, Total	77,453	61,939
Basic (loss) earnings per common share	$ 0.17	$ 0.21
Dilutive (loss) earnings per common share	$ 0.17	$ 0.21

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) £ in Thousands, $ in Thousands	Jul. 01, 2015GBP (£)	Jul. 01, 2015USD ($)	Jan. 26, 2015USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Jul. 01, 2015USD ($)
Business Acquisition
Payments to Acquire Businesses, Net of Cash Acquired				$ 2,749
Business Acquisition, Contingent Consideration, Estimated Fair Value							$ 1,228
Preliminary purchase price allocation of goodwill					$ 462,488	$ 464,714
Chicago Paper Tube
Business Acquisition
Payments to Acquire Businesses, Net of Cash Acquired			$ 8,189
Blue Print Media Limited
Business Acquisition
Payments to Acquire Businesses, Net of Cash Acquired	£ 1,587	$ 2,496
Annual revenue		23,000
Business Combination, Additional Consideration Payable	1,000	$ 1,301
Business Acquisition, Contingent Consideration, Estimated Fair Value | £	£ 944
Consideration of the acquired businesses EBITDA	25.00%	25.00%
Business acquisition earn out achieved Period	3 years	3 years

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Inventories
Inventory, Raw Materials, Net of Reserves	$ 53,527	$ 52,964
Inventory, Work in Process, Net of Reserves	28,490	28,806
Inventory, Finished Goods, Net of Reserves	80,080	83,847
Inventories	$ 162,097	$ 165,617

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Sep. 30, 2016
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 473,019	$ 466,508
Accumulated Amortization	(132,161)	(143,211)
Net	340,858	323,297
Customer Relationships
Finite-Lived Intangible Assets
Gross Carrying Amount	450,505	444,464
Accumulated Amortization	(122,540)	(132,801)
Net	$ 327,965	311,663
Estimated Useful Life (Years)	20 years
Developed technology
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 17,746	17,249
Accumulated Amortization	(8,256)	(8,893)
Net	$ 9,490	8,356
Estimated Useful Life (Years)	5 years
Photo library
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 1,396	1,431
Accumulated Amortization	(667)	(737)
Net	$ 729	694
Estimated Useful Life (Years)	5 years
Licensing Agreements
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 3,372	3,364
Accumulated Amortization	(698)	(780)
Net	$ 2,674	$ 2,584
Estimated Useful Life (Years)	20 years

Intangible Assets - Amortizatio

Intangible Assets - Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Selling, general and administrative
Finite-Lived Intangible Assets
Amortization of Intangible Assets, Total	$ 12,712	$ 14,064

Goodwill - Summary of Changes i

Goodwill - Summary of Changes in Carrying Value of Goodwill by Reportable Segment (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2016USD ($)
Goodwill
Balance at Beginning of the period	$ 464,714
Translation adjustments	(2,226)
Balance at end of the period	462,488
North America
Goodwill
Balance at Beginning of the period	258,081
Balance at end of the period	258,081
Europe
Goodwill
Balance at Beginning of the period	205,804
Translation adjustments	(2,226)
Balance at end of the period	203,578
Asia
Goodwill
Balance at Beginning of the period	829
Balance at end of the period	$ 829

Fair Value of Financial Instr47

Fair Value of Financial Instruments - Financial Assets and Liabilities Carried at Fair Value on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Assets:
Available for sale securities	$ 245	$ 261
Foreign currency contracts	406	435
Liabilities:
Interest rate swaps	2,977	3,573
Foreign currency contracts	371	323
Contingent consideration	1,228	1,265
Fair Value, Inputs, Level 1
Assets:
Available for sale securities	245	261
Fair Value, Inputs, Level 2
Assets:
Foreign currency contracts	406	435
Liabilities:
Interest rate swaps	2,977	3,573
Foreign currency contracts	371	323
Fair Value, Inputs, Level 3
Liabilities:
Contingent consideration	$ 1,228	$ 1,265

Fair Value of Financial Instr48

Fair Value of Financial Instruments - Additional Information (Details) £ in Thousands	Sep. 30, 2016GBP (£)derivative	Jun. 30, 2016GBP (£)
Interest Rate Swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Number of derivative instruments | derivative	2
Interest rate swaps One
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
derivative instruments, notional amount	£ 84,390
derivative instruments, fixed interest rate	1.1649%
Interest rate swaps	£ 84,390	£ 84,608
Interest rate swaps Two
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
derivative instruments, fixed interest rate	1.0139%
Interest rate swaps	£ 97,285	£ 97,786

Other Income (Expense), net (De

Other Income (Expense), net (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Other Income (Expense), net
Gain (loss) on derivatives	$ 497	$ (755)
Foreign currency transaction gains (losses)	2,440	(2,877)
Other		(3)
Other (expense) Income, net	$ 2,937	$ (3,635)

Accumulated Other Comprehensi50

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss)
Beginning balance	$ (63,290)	$ (13,287)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(9,373)	(8,858)
Ending balance	(72,663)	(22,145)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss)
Beginning balance	(77,428)	(33,045)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(8,868)	(9,633)
Ending balance	(86,296)	(42,678)
Available for Sale Securities
Accumulated Other Comprehensive Income (Loss)
Beginning balance	32	15
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(16)	(17)
Ending balance	16	(2)
Pension Adjustments
Accumulated Other Comprehensive Income (Loss)
Beginning balance	14,106	19,743
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(489)	792
Ending balance	$ 13,617	$ 20,535

Accumulated Other Comprehensi51

Accumulated Other Comprehensive Income (Loss) - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Uncategorized [Abstract]
Foreign Currency Transaction Gain (Loss), Unrealized, Intercompany transactions	$ 1,832
Amounts reclassified from accumulated other comprehensive income	$ 0	$ 0

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Change in enacted tax rates	$ 778
Income tax expense (benefit)	$ 3,152	$ 5,231
Effective Income Tax Rate Reconciliation, Percent	19.70%	28.60%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2016
Income Taxes
Change in enacted tax rates	$ 778
Percentage of difference between effective tax rate and federal statutory income tax rate	35.00%
Total liability for uncertain tax benefits	$ 2,030		$ 2,106
Cash paid for taxes	2,028	$ 2,891
State and local
Income Taxes
Change in enacted tax rates	$ 619
MEXICO
Income Taxes
Year under tax audit	2,008

Employee Benefit Plans - Net Pe

Employee Benefit Plans - Net Periodic Benefit Costs (Details) - Pension Plan - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Components of net periodic benefit costs:
Service cost	$ 892	$ 898
Interest cost	3,924	6,048
Expected return on plan assets	(5,026)	(6,806)
Net periodic cost (benefit)	$ (210)	$ 140

Indebtedness - Total Borrowings

Indebtedness - Total Borrowings Outstanding (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Debt Instrument
Less: discount and issuance costs	$ (12,034)	$ (12,868)
Total Term Loans, net of discount and issuance costs	705,129	708,238
Capital Lease Obligations	461	705
Total borrowings outstanding	904,296	907,823
Less: short-term foreign borrowings and current portion of long-term debt, net of discount and issuance costs	(6,916)	(7,307)
Long-term debt, less current portion	897,380	900,516
Foreign Borrowings
Debt Instrument
Other borrowings	1,804	2,137
Dollar Tranche A Term Loan, Due September 2020
Debt Instrument
Total Term Loans, net of discount and issuance costs	94,546	94,851
Dollar Tranche B Term Loans, Due September 2020
Debt Instrument
Total Term Loans, net of discount and issuance costs	255,084	255,909
Dollar Tranche C Term Loans, Due September 2020
Debt Instrument
Total Term Loans, net of discount and issuance costs	104,885	105,223
Sterling Term Loan, Due September 2020
Debt Instrument
Total Term Loans, net of discount and issuance costs	114,538	118,379
Euro Term Loan, Due September 2020
Debt Instrument
Total Term Loans, net of discount and issuance costs	148,110	146,744
Notes Payable, Due August 2021
Debt Instrument
Total Term Loans, net of discount and issuance costs	$ 196,902	$ 196,743

Indebtedness - Additional Infor

Indebtedness - Additional Information (Details) - USD ($) $ in Thousands	Oct. 14, 2016	Oct. 22, 2015	Sep. 30, 2016	Jun. 30, 2016
Debt Instrument
Long term debt carrying value			$ 705,129	$ 708,238
Initial Public Offering
Debt Instrument
Extinguished debt		$ 182,414
Dollar Tranche A Term Loan, Due September 2020
Debt Instrument
Long term debt carrying value			94,546	94,851
Dollar Tranche B Term Loans, Due September 2020
Debt Instrument
Long term debt carrying value			255,084	255,909
Dollar Tranche C Term Loans, Due September 2020
Debt Instrument
Long term debt carrying value			104,885	105,223
Sterling Term Loan, Due September 2020
Debt Instrument
Long term debt carrying value			114,538	118,379
Euro Term Loan, Due September 2020
Debt Instrument
Long term debt carrying value			148,110	146,744
Notes Payable, Due August 2021
Debt Instrument
Long term debt carrying value			196,902	196,743
London Interbank Offered Rate (LIBOR)
Debt Instrument
Debt, variable rate spread	3.25%
Fair Value, Inputs, Level 2 | Notes Payable, Due August 2021
Debt Instrument
Long term debt fair value			$ 212,750	$ 209,000

Restructuring Related Costs- Su

Restructuring Related Costs- Summary of Activity with Respect to Reserve Established in Connection with Restructuring Plan (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Restructuring Cost and Reserve
Beginning balance	$ 3,775	$ 1,032
Restructuring related costs	2,868	2,826
Amounts paid	(654)	(356)
Other (principally foreign currency translation)	24
Ending balance	6,013	3,502
Severance and Employee Related
Restructuring Cost and Reserve
Beginning balance	3,476	256
Restructuring related costs	2,802	1,548
Amounts paid	(485)	(247)
Other (principally foreign currency translation)	24
Ending balance	5,817	1,557
Buildings and Related Costs
Restructuring Cost and Reserve
Beginning balance	299	776
Restructuring related costs	66	1,278
Amounts paid	(169)	(109)
Ending balance	$ 196	$ 1,945

Commitments and Contingencies (

Commitments and Contingencies (Details) - Unionized Employees Concentration Risk	3 Months Ended
	Sep. 30, 2016
North America
Concentration Risk, Percentage	8.00%
Europe
Concentration Risk, Percentage	75.00%

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($) $ in Thousands	Feb. 13, 2014	Sep. 30, 2016	Sep. 30, 2015	Oct. 08, 2015
Related Party Transaction
Amount loaned to related parties	$ 3,354
Notes, interest rate	2.00%
Minimum written notification period	28 days
Transaction related expenses		$ 284	$ 350
Carlyle Group ("Carlyle")
Related Party Transaction
Debt Instrument, Face Amount		$ 55,000
CEP III Chase Finance S.a r.l.
Related Party Transaction
Amount loaned to related parties	$ 1,677
Mustang Intermediate Investments S.a r.l.
Related Party Transaction
Amount loaned to related parties	$ 1,677
CD Cartondruck GmBH
Related Party Transaction
Outstanding capital stock, percentage	5.10%
Ownership interest percentage				100.00%

Stock Based Compensation - Comp

Stock Based Compensation - Compensation Expense Related to Awards (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award
2014 Equity Incentive Plan	$ 285	$ (414)
Payroll taxes relating to stock based compensation	0		$ 723
Share-based Compensation, Total	0	(414)	26,535
Total	285	(414)	26,769
Total	285	(414)
Performance Based Units
Share-based Compensation Arrangement by Share-based Payment Award
Performance Based Units	0		9,460
Stock based and deferred compensation expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award
2015 Incentive Award Plan	285		234
2014 Plan
Share-based Compensation Arrangement by Share-based Payment Award
2014 Equity Incentive Plan	0	(414)	16,352
Time vesting profits interests		(275)	5,569
Time vesting restricted capital interests		(139)	3,410
Performance-vesting profits interests			7,373
Total	$ 0	$ (414)	$ 16,352

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2016	Oct. 27, 2015	Oct. 22, 2015
Share-based Compensation Arrangement by Share-based Payment Award
Share based compensation	$ 0	$ (414)	$ 26,535
Initial Public Offering
Share-based Compensation Arrangement by Share-based Payment Award
Issue price per share					$ 13
2014 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period	5 years
2014 Plan | Share-based Compensation Award, 1st Anniversary
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting rights, percentage	20.00%
2014 Plan | Share-based Compensation Award, 2nd Anniversary
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting rights, percentage	20.00%
2014 Plan | Share-based Compensation Award, 3rd Anniversary
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting rights, percentage	20.00%
2014 Plan | Share-based Compensation Award, 4th Anniversary
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting rights, percentage	20.00%
2014 Plan | Share-based Compensation Award, 5th Anniversary
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting rights, percentage	20.00%
2015 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	9,000,000
2015 Plan | Stock based and deferred compensation expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award
Share based compensation	$ 285
Time vesting profit interests | 2014 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Expected term	4 years 3 months 4 days
Expected volatility	41.00%
Risk-free rate	1.20%
Weighted average fair-value at end of period of all profits interest issued under the 2014 plan	$ 10.54
Time vesting profit interests | 2014 Plan | Initial Public Offering
Share-based Compensation Arrangement by Share-based Payment Award
Issue price per share	$ 13
Restricted Stock Units (RSUs) | 2014 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Expected term		4 years 3 months 4 days
Expected volatility	41.00%
Risk-free rate	1.20%
Weighted average fair-value at end of period of all profits interest issued under the 2014 plan	$ 11.23
Restricted Stock Units (RSUs) | 2014 Plan | Initial Public Offering
Share-based Compensation Arrangement by Share-based Payment Award
Issue price per share	$ 13
Restricted Stock Units (RSUs) | 2015 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Weighted-average period of recognition of stock-based compensation expense	2 years 10 months 24 days
Shares
Beginning balance (in shares)	171,854
Granted (in shares)	466,110
Ending balance (in shares)	637,964		171,854
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per shares)	$ 13.41
Granted (in dollars per shares)	13.72
Ending balance (in dollars per share)	$ 13.63		$ 13.41
Restricted Stock Units (RSUs) | 2015 Plan | Stock based and deferred compensation expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award
Share based compensation	$ 8,400
Performance Based Units | Initial Public Offering
Share-based Compensation Arrangement by Share-based Payment Award
Share based compensation	$ 9,460
Issue price per share				$ 13

Segments - Additional Informati

Segments - Additional Information (Details)	3 Months Ended
	Sep. 30, 2016segment
Segments
Number of operating segments	3

Segments - Information (Details

Segments - Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2016
Segment Reporting Information
Net sales	$ 407,825	$ 459,051
Depreciation and Amortization	29,441	33,311
Operating Income (Loss)	27,726	40,679
Adjusted EBITDA	60,056	77,196
Capital Expenditures	6,645	12,321
Assets	1,703,067		$ 1,707,590
North America
Segment Reporting Information
Net sales	189,300	215,532
Depreciation and Amortization	14,211	15,490
Operating Income (Loss)	9,727	14,342
Adjusted EBITDA	25,297	32,262
Capital Expenditures	3,817	5,553
Assets	748,704		754,418
Europe
Segment Reporting Information
Net sales	195,673	221,413
Depreciation and Amortization	14,269	17,058
Operating Income (Loss)	16,115	23,223
Adjusted EBITDA	31,826	40,791
Capital Expenditures	2,389	4,004
Assets	883,664		883,361
Asia
Segment Reporting Information
Net sales	22,852	22,106
Depreciation and Amortization	961	763
Operating Income (Loss)	1,884	3,114
Adjusted EBITDA	2,933	4,143
Capital Expenditures	439	$ 2,764
Assets	$ 70,699		$ 69,811

Segments - Summary of Gross Sal

Segments - Summary of Gross Sales Estimated by Product category (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Revenue from External Customer
Gross sales	$ 435,087	$ 499,168
Sales Reserves and Eliminations	(27,262)	(40,117)
Total Net Sales	407,825	459,051
Premium Folding Cartons
Revenue from External Customer
Gross sales	269,216	311,621
Inserts
Revenue from External Customer
Gross sales	60,976	65,575
Labels
Revenue from External Customer
Gross sales	33,255	33,769
Rigid Packaging
Revenue from External Customer
Gross sales	32,237	34,263
Other Consumer Products
Revenue from External Customer
Gross sales	$ 39,403	$ 53,940

Segments - Summary of Net Sales

Segments - Summary of Net Sales Estimated by End Markets (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Revenue, Major Customer
Total Net Sales	$ 407,825	$ 459,051
Consumer Business
Revenue, Major Customer
Total Net Sales	206,173	233,338
Healthcare
Revenue, Major Customer
Total Net Sales	153,777	157,759
Multi - Media
Revenue, Major Customer
Total Net Sales	$ 47,875	$ 67,954

Segments - Adjusted EBITDA (Det

Segments - Adjusted EBITDA (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Segments
Consolidated net income	$ 12,869	$ 13,084
Depreciation and amortization	29,441	33,311
Interest expense	14,642	18,729
Income tax expense(benefit)	3,152	5,231
EBITDA	60,104	70,355
Transaction costs	284	350
Stock based and deferred compensation	309	(272)
Purchase accounting adjustments	228	331
Restructuring related costs	2,868	2,826
Loss on sale of fixed assets	107	194
Foreign currency gains (losses)	(2,440)	2,867
Other adjustments to EBITDA	(1,404)	545
Adjusted EBITDA	$ 60,056	$ 77,196

Subsequent Events (Details)

Subsequent Events (Details) £ in Thousands, shares in Thousands, $ in Thousands	Nov. 04, 2016USD ($)shares	Oct. 17, 2016USD ($)	Oct. 14, 2016GBP (£)	Oct. 14, 2016USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2016GBP (£)	Jun. 30, 2016USD ($)
Net sales					$ 407,825	$ 459,051
Payments to Acquire Businesses, Net of Cash Acquired						$ 2,749
Incremental Term Loan
Debt Instrument, Face Amount				$ 220,000
Debt Instrument, Basis Spread on Variable Rate			4.00%	4.00%
Notes
Extinguishment of Debt, Amount		$ 200,000
Debt Instrument, Interest Rate, Stated Percentage		8.50%
Debt Instrument, Redemption Price, Percentage		106.375%
U S Revolving Loans
Debt Instrument, Face Amount				$ 70,000
London Interbank Offered Rate (LIBOR)
Debt Instrument, Basis Spread on Variable Rate			3.25%	3.25%
London Interbank Offered Rate (LIBOR) | Incremental Term Loan | Minimum
Debt Instrument, Basis Spread on Variable Rate			1.00%	1.00%
Euribor Future
Debt Instrument, Basis Spread on Variable Rate			3.25%	3.25%
EURIBOR LIBOR | Incremental Term Loan | Minimum
Debt Instrument, Basis Spread on Variable Rate			1.00%	1.00%
I 3 Plastic Cards
Net sales								$ 13,000
Cash consideration	$ 15,000
I 3 Plastic Cards | Minimum
Additional Cash Consideration	0
I 3 Plastic Cards | Maximum
Additional Cash Consideration	$ 13,800
I 3 Plastic Cards | Common Shares
Business Combination Shares Issued | shares	226,224
Share Value Consideration	$ 3,000
AJS Group Limited
Net sales							£ 9,000	$ 12,000
Payments to Acquire Businesses, Net of Cash Acquired			£ 10,991	$ 13,425