XML 69 R53.htm IDEA: XBRL DOCUMENT v3.7.0.1
Commitments and Contingencies (Tables)
12 Months Ended
Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Contractual Obligation, Fiscal Year Maturity Schedule
Contractual obligations for future fiscal years are as follows: 
 
 
Contractual Obligations
(In thousands)
 
Capital Lease
Obligations
 
Operating
 Lease
Obligations
 
New Facility Construction and Equipment Contracts (1)
 
Pension Plan
Obligations(2)
 
Postretirement
Benefits Other
Than Pension Plans(3)
 
Revolving Credit Facility
 
Purchase Commitments (4)
Year Ended June 30,
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2018
 
$
994

 
$
4,907

 
$
4,439

 
$
14,097

 
$
5,880

 
$
27,621

 
$
76,359

2019
 
$
186

 
$
3,996

 
$

 
$
8,050

 
$
956

 
$

 
$

2020
 
$
51

 
$
2,151

 
$

 
$
8,340

 
$
1,004

 
$

 
$

2021
 
$
4

 
$
769

 
$

 
$
8,560

 
$
1,049

 
$

 
$

2022
 
$

 
$
186

 
$

 
$
8,760

 
$
1,082

 
$

 
$

Thereafter
 
$

 
$

 
$

 
$
44,870

 
$
5,830

 
$

 
$

 
 
 
 
$
12,009

 
$
4,439

 
$
92,677

 
$
15,801

 
$
27,621

 
$
76,359

Total minimum lease payments
 
$
1,235

 
 
 
 
 
 
 
 
 
 
 
 
Less: imputed interest
   (0.82% to 10.66%)
 
$
(40
)
 
 
 
 
 
 
 
 
 
 
 
 
Present value of future minimum lease payments
 
$
1,195

 
 
 
 
 
 
 
 
 
 
 
 
Less: current portion
 
$
958

 
 
 
 
 
 
 
 
 
 
 
 
Long-term capital lease obligations
 
$
237

 
 
 
 
 
 
 
 
 
 
 
 

___________
(1) Includes $1.6 million in outstanding contractual obligations for the construction of the New Facility including $0.4 million outstanding under the DMA (see Note 5) and $2.8 million in outstanding contractual obligations for the purchase of machinery and equipment for the New Facility, including $2.2 million under the Amended Building Contract. See Note 5.
(2) Includes $86.5 million in estimated future benefit payments on single employer pension plan obligations, $4.0 million in estimated payments in fiscal 2018 towards settlement of withdrawal liability associated with the Company’s withdrawal from the Local 807 Labor Management Pension Plan and $2.2 million in estimated fiscal 2018 contributions to the multiemployer pension plans. See Note 15.
(3) Includes $10.8 million in estimated future benefit payments on postretirement benefit plan obligations and $5.0 million in estimated 2018 contributions to multiemployer plans other than pension plans. See Note 15.
(4) Purchase commitments include commitments under coffee purchase contracts for which all delivery terms have been finalized but the related coffee has not been received as of June 30, 2017. Amounts shown in the table above: (a) include all coffee purchase contracts that the Company considers to be from normal purchases; and (b) do not include amounts related to derivative instruments that are recorded at fair value on the Company’s consolidated balance sheets.