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Derivative Instruments (Tables)
 3 Months Ended
Sep. 30, 2016
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 September 30, 2016 and June 30, 2016:
(In thousands)
 
September 30, 2016
 
June 30, 2016
Derivative instruments designated as cash flow hedges:
 
 
 
 
  Long coffee pounds
 
14,288

 
32,550

Derivative instruments not designated as cash flow hedges:
 
 
 
 
  Long coffee pounds
 
1,537

 
1,618

  Less: Short coffee pounds
 
(375
)
 
(188
)
      Total
 
15,450

 
33,980
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
 
 
September 30, 2016
 
June 30, 2016
 
September 30, 2016
 
June 30, 2016
(In thousands)
 
 
 
 
 
 
 
 
Financial Statement Location:
 
 
 
 
 
 
 
 
Short-term derivative assets:
 
 
 
 
 
 
 
 
Coffee-related derivative instruments
 
$
3,565

 
$
3,771

 
$
123

 
$
183

Long-term derivative assets(1):
 
 
 
 
 
 
 
 
Coffee-related derivative instruments
 
$
343

 
$
2,575

 
$
—

 
$
57


________________
(1) Included in "Other assets" 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 accumulated other comprehensive income “AOCI,” “Cost of goods sold” and “Other, net”:
 
 
Three Months Ended September 30,
 
Financial Statement Classification
(In thousands)
 
2016
 
2015
 
Net gains (losses) recognized in accumulated other comprehensive income (loss) (effective portion)
 
$
726

 
$
(4,640
)
 
AOCI
Net losses recognized in earnings (effective portion)
 
$
(466
)
 
$
(4,968
)
 
Costs of goods sold
Net gains (losses) recognized in earnings (ineffective portion)
 
$
13

 
$
(356
)
 
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)
 
2016
 
2015
Net losses on coffee-related derivative instruments
 
$
(35
)
 
$
(727
)
Net gains (losses) on investments
 
227

 
(147
)
     Net gains (losses) on derivative instruments and investments(1)
 
192

 
(874
)
     Other losses, net
 
(1
)
 
(1
)
             Other, net
 
$
191

 
$
(875
)

___________
(1) Excludes net losses on coffee-related derivative instruments designated as cash flow hedges recorded in cost of goods sold in the three months ended September 30, 2016 and 2015.
Schedule of Offsetting Assets
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, 2016
 
Derivative Assets
 
$
4,031

 
$
—

 
$
—

 
$
4,031

June 30, 2016
 
Derivative Assets
 
$
6,586

 
$
—

 
$
—

 
$
6,586
Schedule of Offsetting Liabilities
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, 2016
 
Derivative Assets
 
$
4,031

 
$
—

 
$
—

 
$
4,031

June 30, 2016
 
Derivative Assets
 
$
6,586

 
$
—

 
$
—

 
$
6,586