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Derivative Financial Instruments (Tables)
 3 Months Ended
Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Volumes for Coffee Related Derivatives
The following table summarizes the notional volumes for the coffee-related derivative instruments held by the Company at September 30, 2015 and June 30, 2015:
(In thousands)
 
September 30, 2015
 
June 30, 2015
Derivative instruments designated as cash flow hedges:
 
 
 
 
  Long coffee pounds
 
35,588

 
32,288

Derivative instruments not designated as cash flow hedges:
 
 
 
 
  Long coffee pounds
 
1,728

 
1,954

      Total
 
37,316

 
34,242
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheets
Fair values of derivative instruments on the Company's consolidated balance sheets:
 
 
Derivative Instruments Designated as
Cash Flow Hedges
 
Derivative Instruments Not Designated as
Accounting Hedges
 
 
September 30,
 
June 30,
 
September 30,
 
June 30,
(In thousands)
 
2015
 
2015
 
2015
 
2015
Financial Statement Location:
 
 
 
 
 
 
 
 
Short-term derivative assets(1):
 
 
 
 
 
 
 
 
Coffee-related derivative instruments
 
$
31

 
$
128

 
$
5

 
$
25

Long-term derivative assets(1):
 
 
 
 
 
 
 
 
Coffee-related derivative instruments
 
$
69

 
$
136

 
$
—

 
$
2

Short-term derivative liabilities(1):
 
 
 
 
 
 
 
 
Coffee-related derivative instruments
 
$
3,496

 
$
4,128

 
$
241

 
$
2

Long-term derivative liabilities(2):
 
 
 
 
 
 
 
 
Coffee-related derivative instruments
 
$
641

 
$
163

 
$
—

 
$
—


____________
(1) Included in "Short-term derivative liabilities" on the Company's 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 "AOCI," "Cost of goods sold" and "Other, net":
 
 
Three Months Ended
September 30,
 
Financial Statement Classification
(In thousands)
 
2015
 
2014
 
Net (losses) gains recognized in accumulated other comprehensive (loss) income (effective portion)
 
$
(4,640
)
 
$
3,332

 
AOCI
Net (losses) gains recognized in earnings (effective portion)
 
$
(4,968
)
 
$
4,710

 
Cost of goods sold
Net losses recognized in earnings (ineffective portion)
 
$
(356
)
 
$
(51
)
 
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:
 
 
Three Months Ended
September 30,
(In thousands)
 
2015
 
2014
Net (losses) gains on coffee-related derivative instruments
 
$
(727
)
 
$
49

Net losses on investments
 
(147
)
 
(190
)
Net losses on derivative instruments and
investments(1)
 
(874
)
 
(141
)
Other (losses) gains, net
 
(1
)
 
77

Other, net
 
$
(875
)
 
$
(64
)

_______________
(1)
Excludes net (losses) gains on coffee-related derivative instruments designated as accounting hedges recorded in cost of goods sold in the three months ended September 30, 2015 and 2014.
Schedule of Offsetting Derivative Assets and Liabilities
Offsetting of Derivative Assets and Liabilities
The Company has agreements in place that allow for the financial right of offset for derivative assets and liabilities at settlement or in the event of default under the agreements. Additionally, the Company maintains accounts with its brokers to facilitate financial derivative transactions in support of its risk management activities. Based on the value of the Company’s positions in these accounts and the associated margin requirements, the Company may be required to deposit cash into these broker accounts.
The following table presents the Company’s net exposure from its offsetting derivative asset and liability positions, as well as cash collateral on deposit with its counterparty as of the reporting dates indicated:
(In thousands)
 
 
 
Gross Amount Reported on Balance Sheet
 
Netting Adjustments
 
Cash Collateral Posted
 
Net Exposure
September 30, 2015
 
Derivative assets
 
$
105

 
$
(105
)
 
$
—

 
$
—

 
 
Derivative liabilities
 
$
4,378

 
$
(105
)
 
$
1,274

 
$
2,999

June 30, 2015
 
Derivative assets
 
$
291

 
$
(291
)
 
$
—

 
$
—

 
 
Derivative liabilities
 
$
4,292

 
$
(291
)
 
$
1,001

 
$
3,000