Derivative Instruments (Tables)

3 Months Ended

Sep. 30, 2017

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, 2017 and June 30, 2017:

(In thousands)	September 30, 2017	June 30, 2017
Derivative instruments designated as cash flow hedges:
Long coffee pounds	35,925	33,038
Derivative instruments not designated as cash flow hedges:
Long coffee pounds	465	2,121
Total	36,390	35,159

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
	September 30, 2017		June 30, 2017		September 30, 2017		June 30, 2017
(In thousands)
Financial Statement Location:
Short-term derivative assets(1):
Coffee-related derivative instruments	$	57	$	66	$	—	$	—
Long-term derivative assets(2):
Coffee-related derivative instruments	$	22	$	66	$	—	$	—
Short-term derivative liabilities(1):
Coffee-related derivative instruments	$	2,137	$	1,733	$	225	$	190
Long-term derivative liabilities(2):
Coffee-related derivative instruments	$	109	$	446	$	—	$	—

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(1) Included in “Other assets” on the Company’s condensed consolidated balance sheets.

(2) Included in “Other long-term liabilities” 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 September 30,						Financial Statement Classification
(In thousands)	2017			2016
Net (losses) gains recognized in AOCI	$	(365	)	$	726		AOCI
Net losses recognized in earnings	$	(7	)	$	(466	)	Costs of goods sold
Net gains recognized in earnings (ineffective portion)(1)	$	48		$	13		Other, net

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(1) Amount included in three months ended September 30, 2017 relates to trades terminated prior to the adoption of ASU 2017-12.

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)	2017			2016
Net gains (losses) on coffee-related derivative instruments	$	97		$	(35	)
Net (losses) gains on investments	(9		)	227
Net gains on derivative instruments and investments(1)	88			192
Other losses, net	(1		)	(1		)
Other, net	$	87		$	191

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(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, 2017 and 2016.

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
September 30, 2017	Derivative Assets	$	79	$	(79	)	$	—	$	—
	Derivative Liabilities	$	2,471	$	(79	)	$	—	$	2,392
June 30, 2017	Derivative Assets	$	132	$	(132	)	$	—	$	—
	Derivative Liabilities	$	2,369	$	(132	)	$	—	$	2,237

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
September 30, 2017	Derivative Assets	$	79	$	(79	)	$	—	$	—
	Derivative Liabilities	$	2,471	$	(79	)	$	—	$	2,392
June 30, 2017	Derivative Assets	$	132	$	(132	)	$	—	$	—
	Derivative Liabilities	$	2,369	$	(132	)	$	—	$	2,237