Derivative Instruments (Tables)

6 Months Ended

Dec. 31, 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 December 31, 2016 and June 30, 2016:

(In thousands)	December 31, 2016	June 30, 2016
Derivative instruments designated as cash flow hedges:
Long coffee pounds	17,250	32,550
Derivative instruments not designated as cash flow hedges:
Long coffee pounds	1,658	1,618
Less: Short coffee pounds	—	(188	)
Total	18,908	33,980

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

Fair values of derivative instruments on the Company's condensed consolidated balance sheets:

	Derivative Instruments Designated as Cash Flow Hedges				Derivative Instruments Not Designated as Accounting Hedges
	December 31, 2016		June 30, 2016		December 31, 2016		June 30, 2016
(In thousands)
Financial Statement Location:
Short-term derivative assets:
Coffee-related derivative instruments	$	1,118	$	3,771	$	24	$	183
Long-term derivative assets(1):
Coffee-related derivative instruments	$	—	$	2,575	$	—	$	57
Short-term derivative liabilities:
Coffee-related derivative instruments	$	440	$	—	$	1,139	$	—

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(1) Included in "Other assets" on the Company's condensed 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 (loss) “AOCI,” “Cost of goods sold” and “Other, net”:

	Three Months Ended December 31,						Six Months Ended December 31,						Financial Statement Classification
(In thousands)	2016			2015			2016			2015
Net (losses) gains recognized in accumulated other comprehensive income (loss) (effective portion)	$	(2,943	)	$	310		$	(2,217	)	$	(4,330	)	AOCI
Net gains (losses) recognized in earnings (effective portion)	$	215		$	(3,859	)	$	(250	)	$	(8,827	)	Costs of goods sold
Net losses recognized in earnings (ineffective portion)	$	(41	)	$	(128	)	$	(28	)	$	(484	)	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 December 31,					Six Months Ended December 31,
(In thousands)	2016			2015		2016			2015
Net (losses) gains on coffee-related derivative instruments	$	(1,204	)	$	32	$	(1,240	)	$	(695	)
Net (losses) gains on investments	(1,320		)	265		(1,092		)	118
Net (losses) gains on derivative instruments and investments(1)	(2,524		)	297		(2,332		)	(577		)
Other gains (losses), net	201			—		200			(1		)
Other, net	$	(2,323	)	$	297	$	(2,132	)	$	(578	)

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(1) Excludes net losses and net gains on coffee-related derivative instruments designated as cash flow hedges recorded in cost of goods sold in the three and six months ended December 31, 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 of the reporting dates indicated:

(In thousands)		Gross Amount Reported on Balance Sheet		Netting Adjustments			Cash Collateral Posted		Net Exposure
December 31, 2016	Derivative Assets	$	1,142	$	(1,057	)	$	—	$	85
	Derivative Liabilities	$	1,579	$	(1,057	)	$	—	$	522
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 of the reporting dates indicated:

(In thousands)		Gross Amount Reported on Balance Sheet		Netting Adjustments			Cash Collateral Posted		Net Exposure
December 31, 2016	Derivative Assets	$	1,142	$	(1,057	)	$	—	$	85
	Derivative Liabilities	$	1,579	$	(1,057	)	$	—	$	522
June 30, 2016	Derivative Assets	$	6,586	$	—		$	—	$	6,586