Employee Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2013

Jun. 30, 2012

Compensation and Retirement Disclosure [Abstract]

Obligations and Funded Status of Pension Plan

Obligations and Funded Status



	Farmer Bros. Plan June 30,						Brewmatic Plan June 30,						Hourly Employees’ Plan June 30,
	2013			2012			2013			2012			2013			2012
	(In thousands)						(In thousands)						(In thousands)
Change in projected benefit obligation
Benefit obligation at the beginning of the year	$	124,828		$	107,071		$	4,022		$	3,662		$	1,520		$	1,055
Service cost	—			—			59			39			418			456
Interest cost	5,550			5,846			176			197			69			59
Plan participant contributions	—			81			—			—			—			—
Actuarial (gain) loss	1,333			17,066			(24		)	416			56			(38		)
Benefits paid	(5,506		)	(5,236		)	(287		)	(292		)	(7		)	(12		)
Effect of curtailment	—			—			—			—			—			—
Projected benefit obligation at the end of the year	$	126,205		$	124,828		$	3,946		$	4,022		$	2,056		$	1,520
Change in plan assets
Fair value of plan assets at the beginning of the year	$	82,110		$	80,448		$	2,718		$	2,871		$	1,013		$	421
Actual return on plan assets	10,145			246			322			(25		)	125			(4		)
Employer contributions	1,348			6,571			310			164			117			608
Plan participant contributions	—			81			—			—			—			—
Benefits paid	(5,506		)	(5,236		)	(287		)	(292		)	(7		)	(12		)
Fair value of plan assets at the end of the year	$	88,097		$	82,110		$	3,063		$	2,718		$	1,248		$	1,013
Funded status at end of year (underfunded) overfunded	$	(38,108	)	$	(42,718	)	$	(883	)	$	(1,304	)	$	(808	)	$	(507	)
Amounts recognized in consolidated balance sheet
Non-current assets	$	—		$	—		$	—		$	—		$	—		$	—
Current liabilities	—			—			—			—			—			—
Non-current liabilities	(38,108		)	(42,718		)	(883		)	(1,304		)	(808		)	(507		)
Total	$	(38,108	)	$	(42,718	)	$	(883	)	$	(1,304	)	$	(808	)	$	(507	)
Amounts recognized in consolidated balance sheet
Total net (gain) loss	$	44,841		$	48,720		$	1,878		$	2,154		$	108		$	90
Transition (asset) obligation	—			—			—			—			—			—
Prior service cost (credit)	—			—			—			53			—			—
Total accumulated OCI (not adjusted for applicable tax)	$	44,841		$	48,720		$	1,878		$	2,207		$	108		$	90
Weighted average assumptions used to determine benefit obligations
Discount rate	4.50		%	4.55		%	4.50		%	4.55		%	4.50		%	4.55		%
Rate of compensation increase	N/A			N/A			N/A			N/A			N/A			N/A

Schedule of Defined Benefit Plans Disclosures

values of plan assets were as follows:



	June 30, 2013
(In thousands)	Total		Level 1		Level 2		Level 3
Farmer Bros. Plan	$	88,097	$	—	$	88,097	$	—
Brewmatic Plan	$	3,063	$	—	$	3,063	$	—
Hourly Employees’ Plan	$	1,248	$	—	$	1,248	$	—



	June 30, 2012
(In thousands)	Total		Level 1		Level 2		Level 3
Farmer Bros. Plan	$	82,110	$	—	$	78,006	$	4,104
Brewmatic Plan	$	2,718	$	—	$	2,582	$	136
Hourly Employees’ Plan	$	1,013	$	—	$	947	$	66

Additional Disclosures



	Farmer Bros. Plan June 30,						Brewmatic Plan June 30,						Hourly Employees’ Plan June 30,
	2013			2012			2013			2012			2013			2012
	($ In thousands)						($ In thousands)						($ In thousands)
Comparison of obligations to plan assets
Projected benefit obligation	$	126,205		$	124,828		$	3,946		$	4,022		$	2,056		$	1,520
Accumulated benefit obligation	$	126,205		$	124,828		$	3,946		$	4,022		$	2,056		$	1,520
Fair value of plan assets at measurement date	$	88,097		$	82,110		$	3,063		$	2,718		$	1,248		$	1,013
Plan assets by category
Equity securities	$	58,681		$	53,396		$	2,059		$	1,767		$	811		$	686
Debt securities	24,822			24,610			843			815			375			261
Real estate	4,594			4,104			161			136			62			66
Total	$	88,097		$	82,110		$	3,063		$	2,718		$	1,248		$	1,013
Plan assets by category
Equity securities	67		%	65		%	67		%	65		%	65		%	68		%
Debt securities	28		%	30		%	28		%	30		%	30		%	26		%
Real estate	5		%	5		%	5		%	5		%	5		%	6		%
Total	100		%	100		%	100		%	100		%	100		%	100		%

Schedule of Level Three Defined Benefit Plan Assets Roll Forward

The following is a reconciliation of asset balances with Level 3 input pricing:



	Beginning Balance		Total Gains		Settlements		Transfers			Ending Balance
June 30, 2013	(In thousands)
Farmer Bros. Plan	$	4,104	$	—	$	—	$	(4,104	)	$	—
Brewmatic Plan	$	136	$	—	$	—	$	(136	)	$	—
Hourly Employees’ Plan	$	66	$	—	$	—	$	(66	)	$	—



	Beginning Balance		Total Gains		Settlements			Ending Balance		Unrealized Gains
June 30, 2012	(In thousands)
Farmer Bros. Plan	$	4,711	$	561	$	(1,168	)	$	4,104	$	561
Brewmatic Plan	$	167	$	19	$	(50	)	$	136	$	19
Hourly Employees’ Plan	$	25	$	5	$	36		$	66	$	5

The following is the target asset allocation for the Company's single employer pension plans for fiscal 2014:

Schedule of Allocation of Plan Assets

Target Plan Asset Allocation for Farmer Bros. Plan, Brewmatic Plan and Hourly Employees' Plan



	Fiscal 2014
U.S. large cap equity securities	35.8	%
U.S. small cap equity securities	9.2	%
International equity securities	15.0	%
Debt securities	30.0	%
Real estate	10.0	%
Total	100.0	%

Schedule of Expected Benefit Payments




Estimated Future Benefit Payments (in thousands):
Year ending
June 30, 2014	$	640
June 30, 2015	$	762
June 30, 2016	$	836
June 30, 2017	$	913
June 30, 2018	$	1,034
June 30, 2019 to June 30, 2023	$	6,522

Expected Contributions (in thousands)
June 30, 2014	$	640

The following benefit payments are expected to be paid over the next 10 fiscal years:

Estimated future benefit payments



Year ending	Farmer Bros. Plan		Brewmatic Plan		Hourly Employees’ Plan
	(In thousands)
June 30, 2014	$	5,970	$	290	$	34
June 30, 2015	$	6,110	$	290	$	47
June 30, 2016	$	6,260	$	280	$	64
June 30, 2017	$	6,520	$	280	$	81
June 30, 2018	$	6,740	$	290	$	100
June 30, 2019 to June 30, 2023	$	37,640	$	1,380	$	810

Schedule of Multiemployer Plans

The Company's participation in WCTPP is outlined in the table below. The Pension Protection Act (“PPA”) Zone Status available in the Company's fiscal year 2013 and fiscal year 2012 is for the plan's year ended December 31, 2012 and December 31, 2011, respectively. The zone status is based on information obtained from WCTPP and is certified by WCTPP's actuary. Among other factors, plans in the green zone are generally more than 80% funded. Based on WCTPP's annual report on Form 5500, WCTPP was 90.0% and 90.3% funded for its plan year beginning January 1, 2013 and 2012, respectively. The “FIP/RP Status Pending/Implemented” column indicates if a funding improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented.

Pension Plan

Employer

Identification

Number

Pension

Plan

Number

PPA Zone Status

FIP/RP

Status

Pending/

Implemented

Surcharge

Imposed

Expiration Date

of Collective

Bargaining

Agreements

July 1,

2012

July 1,

2011

Western Conference of Teamsters Pension Plan

91-6145047

001

Green

January 2014 to June 2017

Company contributions to the multiemployer pension plans:



(In thousands)	WCTPP(1)(2)(3)		All other Plans(4)
Year Ended:
June 30, 2013	$	3,064	$	37
June 30, 2012	$	3,048	$	113
June 30, 2011	$	2,929	$	254

____________


(1)	Individually significant plan.


(2)	Less than 5% of total contribution to WCTPP based on WCTPP's most recent annual report on Form 5500 for the calendar year ended December 31, 2012.


(3)	The Company guarantees that one hundred seventy-three (173) hours will be contributed upon for all employees who are compensated for all available straight time hours for each calendar month. An additional 6.5% of the basic contribution must be paid for PEER or the Program for Enhanced Early Retirement.


(4)	Includes plans that are not individually significant.

Postretrement Prior Service Cost

The tables below show the remaining bases for the transition (asset) obligation, prior service cost (credit), and the calculation of the amortizable gain or loss.



Amortization Schedule
Transition (Asset) Obligation: The transition (asset) obligations have been fully amortized.

Prior service cost (credit) (dollars in thousands):



Date Established	Balance at July 1, 2012			Annual Amortization		Years Remaining	Curtailment	Balance at June 30, 2013
January 1, 2008	$	(1,653	)	$	230	7.2	—	$	(1,423	)
July 1, 2012	(17,581		)	1,527		11.5	—	(16,054		)
	$	(19,234	)	$	1,757			$	(17,477	)



	Year Ended June 30,
	Retiree Medical Plan						Death Benefit
	2013			2012			2013			2012
				As Restated						As Restated
Amortization of Net (Gain) Loss (dollars in thousands):
Net (gain) loss as of July 1	$	(12,087	)	$	(3,941	)	$	1,850		$	2,231
Asset (gains) losses not yet recognized in market related value of assets	—			—			—			—
Net (gain) loss subject to amortization	(12,087		)	(3,941		)	1,850			2,231
Corridor (10% of greater of APBO or assets)	872			1,527			(798		)	(806		)
Net (gain) loss in excess of corridor	$	(11,215	)	$	(2,414	)	$	1,052		$	1,425
Amortization years	11.1			11.9			8.0			8.8

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)

The following table shows the components of net periodic postretirement benefit cost for the fiscal years ended June 30, 2013, 2012 and 2011. Net periodic postretirement benefit cost for fiscal 2013 was based on employee census information as of July 1, 2012 and asset information as of June 30, 2013.



	Year Ended June 30,
	2013			2012			2011
				As Restated			As Restated
Components of Net Periodic Postretirement Benefit Cost:	(In thousands)
Service cost	$	1,972		$	1,817		$	1,617
Interest cost	969			1,100			1,496
Expected return on plan assets	—			—			—
Amortization of net gain	17			(164		)	(712		)
Amortization of unrecognized transition (asset) obligation	—			—			—
Amortization of prior service cost (credit)	(1,757		)	(1,757		)	(358		)
Net periodic postretirement benefit cost	$	1,201		$	996		$	2,043



	Year Ended June 30,
	2013			2012
				As Restated
Other Changes in Plan Assets and Benefit Obligations Recognized in OCI:	(In thousands)
Unrecognized actuarial loss (gain)	$	(8,520	)	$	1,419
Unrecognized transition (asset) obligation	—			—
Unrecognized prior service cost	—			—
Amortization of net loss	(17		)	164
Amortization of prior service cost	1,757			1,757
Total recognized in OCI	(6,780		)	3,340
Net periodic benefit cost	1,201			996
Total recognized in net periodic benefit cost and OCI	$	(5,579	)	$	4,336

The following tables provide a reconciliation of the benefit obligation and plan assets:



	Year Ended June 30,
	2013			2012
				As Restated
Change in Benefit Obligation:	(In thousands)
Projected postretirement benefit obligation at beginning of year	$	23,325		$	19,957
Service cost	1,972			1,817
Interest cost	969			1,100
Participant contributions	729			665
Amendments	—			—
Actuarial (gains) losses	(8,520		)	1,419
Benefits paid	(1,774		)	(1,633		)
Projected postretirement benefit obligation at end of year	$	16,701		$	23,325



	Year Ended June 30,
	2013			2012
				As Restated
Change in Plan Assets:	(In thousands)
Fair value of plan assets at beginning of year	$	—		$	—
Actual return on assets	—			—
Employer contributions	1,045			968
Participant contributions	729			665
Benefits paid	(1,774		)	(1,633		)
Fair value of plan assets at end of year	—			$	—
Funded status of plan	$	(16,701	)	$	(23,325	)



	June 30,
	2013			2012
				As Restated
Amounts Recognized in the Consolidated Balance Sheet Consist of:	(In thousands)
Non-current assets	$	—		$	—
Current liabilities	(625		)	(799		)
Non-current liabilities	(16,076		)	(22,526		)
Total	$	(16,701	)	$	(23,325	)



	Year Ended June 30,
	2013			2012
				As Restated
Amounts Recognized in Accumulated OCI Consist of:	(In thousands)
Net gain	$	(10,131	)	$	(1,594	)
Transition obligation	—			—
Prior service cost (credit)	(17,604		)	(19,361		)
Total accumulated OCI	$	(27,735	)	$	(20,955	)

Components of Net Periodic Benefit Cost and

Other Changes Recognized in Other Comprehensive Income (Loss) (OCI)



	Farmer Bros. Plan June 30,						Brewmatic Plan June 30,						Hourly Employees’ Plan June 30,
	2013			2012			2013			2012			2013			2012
	(In thousands)						(In thousands)						(In thousands)
Components of net periodic benefit cost
Service cost	$	—		$	—		$	59		$	39		$	418		$	456
Interest cost	5,550			5,846			176			197			69			59
Expected return on plan assets	(6,355		)	(6,569		)	(196		)	(213		)	(87		)	(28		)
Amortization of net (gain) loss	1,422			570			126			87			—			—
Amortization of prior service cost (credit)	—			—			19			18			—			—
Amount recognized due to special event (curtailment)	—			—			34			—			—			—
Net periodic benefit cost	$	617		$	(153	)	$	218		$	128		$	400		$	487
Other changes recognized in OCI
Net (gain) loss	$	(2,456	)	$	23,389		$	(150	)	$	654		$	18		$	(6	)
Prior service cost (credit)	—			—			—			—			—			—
Amortization of net gain (loss)	(1,422		)	(570		)	(126		)	(87		)	—			—
Amortization of transition asset (obligation)	—			—			—			—			—			—
Amortization of prior service (cost) credit	—			—			(19		)	(18		)	—			—
Amount recognized due to special event (curtailment)	—			—			(34		)	—			—			—
Total recognized in OCI	$	(3,878	)	$	22,819		$	(329	)	$	549		$	18		$	(6	)
Total recognized in net periodic benefit cost and OCI	$	(3,261	)	$	22,666		$	(111	)	$	677		$	418		$	481
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate	4.55		%	5.60		%	4.55		%	5.60		%	4.55		%	5.60		%
Expected long-term return on plan assets	8.00		%	8.25		%	8.00		%	8.25		%	8.00		%	8.25		%
Rate of compensation increase	N/A			N/A			N/A			N/A			N/A			3.0		%

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates

A one percentage point change in assumed health care cost trend rates would have the following effects in fiscal 2013 (in thousands):



	1-Percentage Point
	Increase		Decrease
Effect on total of service and interest cost components	$	305	$	(271	)
Effect on accumulated postretirement benefit obligation	$	1,230	$	(976	)