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Employee Benefit Plans (Tables)
 12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
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,
($ in thousands)
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
Change in projected benefit obligation
 
 
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation at the beginning of the year
 
$
126,205

 
$
124,828

 
$
3,946

 
$
4,022

 
$
2,056

 
$
1,520

 
Service cost
 
—

 
—

 
—

 
59

 
401

 
418

 
Interest cost
 
5,545

 
5,550

 
171

 
176

 
92

 
69

 
Actuarial (gain) loss
 
7,069

 
1,333

 
153

 
(24
)
 
81

 
56

 
Benefits paid
 
(5,683
)
 
(5,506
)
 
(279
)
 
(287
)
 
(11
)
 
(7
)
 
Projected benefit obligation at the end of the year
 
$
133,136

 
$
126,205

 
$
3,991

 
$
3,946

 
$
2,619

 
$
2,056

 
Change in plan assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets at the beginning of the year
 
$
88,097

 
$
82,110

 
$
3,063

 
$
2,718

 
$
1,248

 
$
1,013

 
Actual return on plan assets
 
15,046

 
10,145

 
521

 
322

 
207

 
125

 
Employer contributions
 
966

 
1,348

 
130

 
310

 
185

 
117

 
Benefits paid
 
(5,683
)
 
(5,506
)
 
(279
)
 
(287
)
 
(11
)
 
(7
)
 
Fair value of plan assets at the end of the year
 
$
98,426

 
$
88,097

 
$
3,435

 
$
3,063

 
$
1,629

 
$
1,248

 
Funded status at end of year (underfunded) overfunded
 
$
(34,710
)
 
$
(38,108
)
 
$
(556
)
 
$
(883
)
 
$
(990
)
 
$
(808
)
 
Amounts recognized in consolidated balance sheets
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-current liabilities
 
(34,710
)
 
(38,108
)
 
(556
)
 
(883
)
 
(990
)
 
(808
)
 
Total
 
$
(34,710
)
 
$
(38,108
)
 
$
(556
)
 
$
(883
)
 
$
(990
)
 
$
(808
)
 
Amounts recognized in consolidated statements of operations
 
 
 
 
 
 
 
 
 
 
 
 
 
Total net (gain) loss
 
$
42,093

 
$
44,841

 
$
1,665

 
$
1,878

 
$
73

 
$
108

 
Total accumulated OCI (not adjusted for applicable tax)
 
$
42,093

 
$
44,841

 
$
1,665

 
$
1,878

 
$
73

 
$
108

 
Weighted average assumptions used to determine benefit obligations
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
 
4.15
%
 
4.50
%
 
4.15
%
 
4.50
%
 
4.15
%
 
4.50
%
 
Rate of compensation increase
 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
  
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)
The following tables provide a reconciliation of the benefit obligation and plan assets: 
 
 
Year Ended June 30,
(In thousands)
 
2014
 
2013
Change in Benefit Obligation:
 
 
Projected postretirement benefit obligation at beginning of year
 
$
16,701

 
$
23,325

Service cost
 
936

 
1,972

Interest cost
 
810

 
969

Participant contributions
 
708

 
729

Actuarial (gains) losses
 
3,141

 
(8,520
)
Benefits paid
 
(1,407
)
 
(1,774
)
Projected postretirement benefit obligation at end of year
 
$
20,889

 
$
16,701

 
 
 
Year Ended June 30,
(In thousands)
 
2014
 
2013
Change in Plan Assets:
 
 
Fair value of plan assets at beginning of year
 
$
—

 
$
—

Employer contributions
 
699

 
1,045

Participant contributions
 
708

 
729

Benefits paid
 
(1,407
)
 
(1,774
)
Fair value of plan assets at end of year
 
—

 
—

Funded status of plan
 
$
(20,889
)
 
$
(16,701
)
 
 
 
June 30,
(In thousands)
 
2014
 
2013
Amounts Recognized in the Consolidated Balance Sheet Consist of:
 
 
Non-current assets
 
$
—

 
$
—

Current liabilities
 
(919
)
 
(625
)
Non-current liabilities
 
(19,970
)
 
(16,076
)
Total
 
$
(20,889
)
 
$
(16,701
)
 
 
 
Year Ended June 30,
(In thousands)
 
2014
 
2013
Amounts Recognized in Accumulated OCI Consist of:
 
 
 
 
Net gain
 
$
(6,216
)
 
$
(10,131
)
Transition obligation
 
(15,720
)
 
—

Prior service cost (credit)
 
—

 
(17,604
)
Total accumulated OCI
 
$
(21,936
)
 
$
(27,735
)
The following table shows the components of net periodic postretirement benefit cost for the Retiree Medical Plan and Death Benefit for the fiscal years ended June 30, 2014, 2013 and 2012. Net periodic postretirement benefit cost for fiscal 2014 was based on employee census information as of July 1, 2013 and asset information as of June 30, 2014.
 
 
 
Year Ended June 30,
(In thousands)
 
2014
 
2013
 
2012
Components of Net Periodic Postretirement Benefit Cost:
 
 
Service cost
 
$
936

 
$
1,972

 
$
1,817

Interest cost
 
810

 
969

 
1,100

Expected return on plan assets
 
—

 
—

 
—

Amortization of net gain
 
(880
)
 
7

 
(164
)
Amortization of unrecognized transition (asset) obligation
 
—

 
—

 
—

Amortization of prior service cost (credit)
 
(1,757
)
 
(1,757
)
 
(1,757
)
Net periodic postretirement benefit cost
 
$
(891
)
 
$
1,191

 
$
996

 
 
Year Ended June 30,
(In thousands)
 
2014
 
2013
Other Changes in Plan Assets and Benefit Obligations Recognized in OCI:
 
 
Unrecognized actuarial loss (gain)
 
$
3,141

 
$
(8,520
)
Amortization of net loss
 
880

 
(7
)
Amortization of prior service cost
 
1,757

 
1,757

Total recognized in OCI
 
5,778

 
(6,770
)
Net periodic benefit (credit) cost
 
(891
)
 
1,191

Total recognized in net periodic benefit cost and OCI
 
$
4,887

 
$
(5,579
)
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,
($ in thousands)
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Components of net periodic benefit cost
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
—

 
$
—

 
$
—

 
$
59

 
$
401

 
$
418

Interest cost
 
5,545

 
5,550

 
171

 
176

 
92

 
69

Expected return on plan assets
 
(6,508
)
 
(6,355
)
 
(221
)
 
(196
)
 
(90
)
 
(87
)
Amortization of net (gain) loss
 
1,279

 
1,422

 
65

 
126

 
—

 
—

Amortization of prior service cost (credit)
 
—

 
—

 
—

 
19

 
—

 
—

Amount recognized due to special event (curtailment)
 
—

 
—

 
—

 
34

 
—

 
—

Net periodic benefit cost
 
$
316

 
$
617

 
$
15

 
$
218

 
$
403

 
$
400

Other changes recognized in OCI
 
 
 
 
 
 
 
 
 
 
 
 
Net (gain) loss
 
$
(1,469
)
 
$
(2,456
)
 
$
(147
)
 
$
(150
)
 
$
(35
)
 
$
18

Prior service cost (credit)
 
—

 
—

 
—

 
—

 
—

 
—

Amortization of net gain (loss)
 
(1,279
)
 
(1,422
)
 
(65
)
 
(126
)
 
—

 
—

Amortization of prior service (cost) credit
 
—

 
—

 
—

 
(19
)
 
—

 
—

Amount recognized due to special event (curtailment)
 
—

 
—

 
—

 
(34
)
 
—

 
—

Total recognized in OCI
 
$
(2,748
)
 
$
(3,878
)
 
$
(212
)
 
$
(329
)
 
$
(35
)
 
$
18

Total recognized in net periodic benefit cost and OCI
 
$
(2,432
)
 
$
(3,261
)
 
$
(197
)
 
$
(111
)
 
$
368

 
$
418

Weighted-average assumptions used to determine net periodic benefit cost
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
 
4.50
%
 
4.55
%
 
4.50
%
 
4.55
%
 
4.50
%
 
4.55
%
Expected long-term return on plan assets
 
8.00
%
 
8.00
%
 
8.00
%
 
8.00
%
 
8.00
%
 
8.00
%
Rate of compensation increase
 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A
Schedule of Defined Benefit Plans Disclosures
Additional Disclosures
 
 
Farmer Bros. Plan
June 30,
 
Brewmatic Plan
June 30,
 
Hourly Employees’ Plan
June 30,
($ in thousands)
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Comparison of obligations to plan assets
 
 
 
 
 
 
 
 
 
 
 
 
Projected benefit obligation
 
$
133,136

 
$
126,205

 
$
3,991

 
$
3,946

 
$
2,619

 
$
2,056

Accumulated benefit obligation
 
$
133,136

 
$
126,205

 
$
3,991

 
$
3,946

 
$
2,619

 
$
2,056

Fair value of plan assets at measurement date
 
$
98,426

 
$
88,097

 
$
3,435

 
$
3,063

 
$
1,629

 
$
1,248

Plan assets by category
 
 
 
 
 
 
 
 
 
 
 
 
Equity securities
 
$
53,355

 
$
58,681

 
$
1,861

 
$
2,059

 
$
884

 
$
811

Debt securities
 
35,035

 
24,822

 
1,223

 
843

 
579

 
375

Real estate
 
10,036

 
4,594

 
351

 
161

 
166

 
62

Total
 
$
98,426

 
$
88,097

 
$
3,435

 
$
3,063

 
$
1,629

 
$
1,248

Plan assets by category
 
 
 
 
 
 
 
 
 
 
 
 
Equity securities
 
54
%
 
67
%
 
54
%
 
67
%
 
54
%
 
65
%
Debt securities
 
36
%
 
28
%
 
36
%
 
28
%
 
36
%
 
30
%
Real estate
 
10
%
 
5
%
 
10
%
 
5
%
 
10
%
 
5
%
Total
 
100
%
 
100
%
 
100
%
 
100
%
 
100
%
 
100
%

Fair values of plan assets were as follows:
 
 
 
June 30, 2014
(In thousands)
 
Total
 
Level 1
 
Level 2
 
Level 3
Farmer Bros. Plan
 
$
98,426

 
$
—

 
$
98,426

 
$
—

Brewmatic Plan
 
$
3,435

 
$
—

 
$
3,435

 
$
—

Hourly Employees’ Plan
 
$
1,629

 
$
—

 
$
1,629

 
$
—

 
 
 
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

 
$
—

  
Schedule of Level Three Defined Benefit Plan Assets Roll Forward
The following is a reconciliation of asset balances with Level 3 input pricing:
(In thousands)
 
Beginning
Balance at 7/1/2012
 
Total Gains
 
Settlements
 
Transfers
 
Ending 
Balance at
6/30/2013
Farmer Bros. Plan
 
$
4,104

 
$
—

 
$
—

 
$
(4,104
)
 
$
—

Brewmatic Plan
 
$
136

 
$
—

 
$
—

 
$
(136
)
 
$
—

Hourly Employees’ Plan
 
$
66

 
$
—

 
$
—

 
$
(66
)
 
$
—

  
Schedule of Allocation of Plan Assets
The following is the target asset allocation for the Company's single employer pension plans—Farmer Bros. Plan, Brewmatic Plan and Hourly Employees' Plan—for fiscal 2015:
 
Fiscal 2015
U.S. large cap equity securities
29.9
%
U.S. small cap equity securities
7.6
%
International equity securities
12.5
%
Debt securities
40.0
%
Real estate
10.0
%
Total
100.0
%
  
Schedule of Expected Benefit Payments
The following benefit payments are expected to be paid over the next 10 fiscal years:
(In thousands)
 
Farmer Bros. Plan
 
Brewmatic Plan
 
Hourly Employees’
Plan
Year Ending:
 
 
June 30, 2015
 
$
6,350

 
$
280

 
$
47

June 30, 2016
 
$
6,490

 
$
280

 
$
62

June 30, 2017
 
$
6,650

 
$
270

 
$
78

June 30, 2018
 
$
6,880

 
$
280

 
$
97

June 30, 2019
 
$
7,050

 
$
280

 
$
110

June 30, 2020 to June 30, 2024
 
$
38,860

 
$
1,290

 
$
890

The estimated net gain and prior service credit that will be amortized from accumulated OCI into net periodic benefit cost in fiscal 2015 are $0.5 million and $1.8 million, respectively. 
(In thousands)
 
Estimated Future Benefit Payments:
 
Year Ending:
 
June 30, 2015
$
939

June 30, 2016
$
1,029

June 30, 2017
$
1,126

June 30, 2018
$
1,252

June 30, 2019
$
1,405

June 30, 2020 to June 30, 2024
$
8,535

 
 
Expected Contributions:
 
June 30, 2015
$
939

  
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 2014 and fiscal year 2013 is for the plan's year ended December 31, 2013 and December 31, 2012, 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 91.5% and 90.0% 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, 2013
 
July 1,
2012
 
 
 
Western Conference of Teamsters Pension Plan
 
91-6145047
 
001
 
Green
 
Green
 
No
 
No
 
August 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, 2014
 
$
3,153

 
$
34

June 30, 2013
 
$
3,064

 
$
37

June 30, 2012
 
$
3,048

 
$
113

____________
(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, 2013.
(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 a plan that is 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) ($ in thousands): 
Date Established
 
Balance at
July 1, 2013
 
Annual
Amortization
 
Years Remaining
 
Curtailment
 
Balance at
June 30, 2014
January 1, 2008
 
$
(1,423
)
 
$
230

 
6.2
 
—

 
$
(1,193
)
July 1, 2012
 
(16,054
)
 
1,527

 
10.5
 
—

 
(14,527
)
 
 
$
(17,477
)
 
$
1,757

 
 
 
 
 
$
(15,720
)

 
 
 
Year Ended June 30,
 
 
Retiree Medical Plan
 
Death Benefit
($ in thousands)
 
2014
 
2013
 
2014
 
2013
Amortization of Net (Gain) Loss:
 
 
Net (gain) loss as of July 1
 
$
(8,006
)
 
$
(12,087
)
 
$
1,791

 
$
1,850

Asset (gains) losses not yet recognized in market related value of assets
 
—

 
—

 
—

 
—

Net (gain) loss subject to amortization
 
(8,006
)
 
(12,087
)
 
1,791

 
1,850

Corridor (10% of greater of APBO or assets)
 
1,262

 
872

 
(826
)
 
(798
)
Net (gain) loss in excess of corridor
 
$
(6,744
)
 
$
(11,215
)
 
$
965

 
$
1,052

Amortization years
 
10.7

 
11.1

 
7.4

 
8.0

  
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 2015:
 
 
 
1-Percentage Point
(In thousands)
 
Increase
 
Decrease
Effect on total of service and interest cost components
 
$
220

 
$
(183
)
Effect on accumulated postretirement benefit obligation
 
$
1,378

 
$
(1,158
)