Derivative Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The following table summarizes the notional volumes for the coffee-related derivative instruments held by the Company at June 30, 2014 and 2013:

	June 30,
(In thousands)	2014	2013
Derivative instruments designated as cash flow hedges:
Long coffee pounds	19,387	44,025
Derivative instruments not designated as cash flow hedges:
Long coffee pounds	374	5,529
Total	19,761	49,554

Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheets

Fair values of derivative instruments on the consolidated balance sheets:

	Derivative Instruments Designated as Cash Flow Hedges				Derivative Instruments Not Designated as Accounting Hedges
	June 30,				June 30,
(In thousands)	2014		2013		2014		2013
Financial Statement Location:
Short-term derivative assets:
Coffee-related derivative instruments	$	5,474	$	—	$	—	$	4
Long-term derivative assets(1):
Coffee-related derivative instruments	$	862	$	—	$	—	$	—
Short-term derivative liabilities:
Coffee-related derivative instruments	$	252	$	9,331	$	69	$	565
Other current liabilities:
Interest rate swap	$	—	$	—	$	—	$	25
Long-term derivative liabilities:
Coffee-related derivative instruments	$	—	$	1,129	$	—	$	—

________________

(1) Included in "Other assets" on the consolidated balance sheets.

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," AOCI and "Other, net":

	Year Ended June 30,						Financial Statement Classification
(In thousands)	2014			2013
Net gains recognized in earnings (effective portion)	$	1,161		$	55		Costs of goods sold
Net gains (losses) recognized in other comprehensive income (loss) (effective portion)	$	17,524		$	(7,921	)	AOCI
Net losses recognized in earnings (ineffective portion)	$	(259	)	$	(447	)	Other, net

Schedule of Net Realized and Unrealized Gains and Losses Recorded in 'Other, net'

Net gains and losses recorded in "Other, net" are as follows:

	Year Ended June 30,
(In thousands)	2014			2013			2012
Net gains (losses) from coffee-related derivative instruments	$	2,655		$	(11,337	)	$	(7,329	)
Net gains on investments	464			230			1,154
Net losses on interest rate swap	(5		)	(25		)	—
Net gains (losses) on derivative instruments and investments(1)	3,114			(11,132		)	(6,175		)
Other gains, net	563			1,700			1,790
Other, net	$	3,677		$	(9,432	)	$	(4,385	)

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(1) Excludes net losses on coffee-related derivative instruments recorded in cost of goods sold in the years ended 2014 and 2013.

Schedule of Offsetting Assets

The following tables present the Company’s net exposure from its offsetting derivative asset and liability positions, as well as cash margins on deposit with each of its counterparties as of the reporting dates indicated:

(In thousands)
Counterparty A		Gross Amount Reported on Balance Sheet		Netting Adjustments			Cash Collateral Posted		Net Exposure
June 30, 2014	Derivative Assets	$	6,336	$	(321	)	$	—	$	6,015
	Derivative Liabilities	$	321	$	(321	)	$	—	$	—
June 30, 2013	Derivative Assets	$	4	$	(4	)	$	—	$	—
	Derivative Liabilities	$	11,025	$	(4	)	$	8,084	$	2,937
(In thousands)
Counterparty B		Gross Amount Reported on Balance Sheet		Netting Adjustments			Cash Collateral Posted		Net Exposure
June 30, 2014	Derivative Assets	$	—	$	—		$	—	$	—
	Derivative Liabilities	$	—	$	—		$	—	$	—
June 30, 2013	Derivative Assets	$	—	$	—		$	—	$	—
	Derivative Liabilities	$	25	$	—		$	—	$	25

Schedule of Offsetting Liabilities

The following tables present the Company’s net exposure from its offsetting derivative asset and liability positions, as well as cash margins on deposit with each of its counterparties as of the reporting dates indicated:

(In thousands)
Counterparty A		Gross Amount Reported on Balance Sheet		Netting Adjustments			Cash Collateral Posted		Net Exposure
June 30, 2014	Derivative Assets	$	6,336	$	(321	)	$	—	$	6,015
	Derivative Liabilities	$	321	$	(321	)	$	—	$	—
June 30, 2013	Derivative Assets	$	4	$	(4	)	$	—	$	—
	Derivative Liabilities	$	11,025	$	(4	)	$	8,084	$	2,937
(In thousands)
Counterparty B		Gross Amount Reported on Balance Sheet		Netting Adjustments			Cash Collateral Posted		Net Exposure
June 30, 2014	Derivative Assets	$	—	$	—		$	—	$	—
	Derivative Liabilities	$	—	$	—		$	—	$	—
June 30, 2013	Derivative Assets	$	—	$	—		$	—	$	—
	Derivative Liabilities	$	25	$	—		$	—	$	25