XML 61 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivative Financial Instruments (Tables)
12 Months Ended
Jun. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheets
Fair values of derivative instruments on the consolidated balance sheets (in thousands):
 
 
Derivatives Designated as Cash Flow Hedges
 
Derivatives Not Designated as Accounting Hedges
 
 
June 30,
 
June 30,
 
 
2013
 
2012
 
2013
 
2012
Financial Statement Location:
 
 
 
As Restated
 
 
 
As Restated
Short-term investments:
 
 
 
 
 
 
 
 
Coffee-related derivatives
 
$

 
$

 
$
4

 
$
339

Short-term derivative liability:
 
 
 
 
 
 
 
 
Coffee futures
 
$
9,331

 
$

 
$
565

 
$
737

Other current liabilities:
 
 
 
 
 
 
 
 
Interest rate swap
 
$

 
$

 
$
25

 
$

Long-term derivative liability:
 
 
 
 
 
 
 
 
Coffee futures
 
$
1,129

 
$

 
$

 
$

Schedule of Pretax Effect of Derivative Instruments on Earnings and OCI
The following table presents pretax net gains and losses for the Company's coffee-related derivative instruments designated as cash flow hedges, as recognized in "Cost of goods sold," "Accumulated other comprehensive income" ("AOCI") and "Other, net" (in thousands):
 
 
Year Ended June 30,
 
 
 
 
2013
 
2012
 
2011
 
Financial Statement Classification
Net gains recognized in earnings (effective portion)
 
$
55

 
$

 
$

 
Costs of goods sold
Net losses recognized in other comprehensive income (loss) (effective portion)
 
$
(7,921
)
 
$

 
$

 
AOCI
Net losses recognized in earnings (ineffective portion)
 
$
(447
)
 
$

 
$

 
Other, net

Schedule of Net Realized and Unrealized Gains and Losses Recorded in 'Other, net'
Net realized and unrealized gains and losses recorded in "Other, net" are as follows:
 
 
Year Ended June 30,
 
 
2013
 
2012
 
2011
 
 
(In thousands)
Realized (losses) gains, net
 
$
(8,676
)
 
$
(8,577
)
 
$
916

Unrealized (losses) gains, net
 
(2,661
)
 
1,248

 
(2,402
)
Net realized and unrealized losses from coffee-related derivatives not designated as accounting hedges
 
(11,337
)
 
(7,329
)
 
(1,486
)
Net realized and unrealized gains from investments
 
230

 
1,154

 
2,798

Net unrealized losses from interest rate swap
 
(25
)
 

 

Net (losses) gains on derivatives and investments
 
(11,132
)
 
(6,175
)
 
1,312

Net gains from sales of assets
 
4,467

 
1,375

 
1,359

Other gains, net
 
1,700

 
683

 
1,520

Other, net
 
$
(4,965
)
 
$
(4,117
)
 
$
4,191