Derivative Instruments (Tables)

12 Months Ended

Jun. 30, 2018

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 June 30, 2018 and 2017:

	June 30,
(In thousands)	2018	2017
Derivative instruments designated as cash flow hedges:
Long coffee pounds	40,913	33,038
Derivative instruments not designated as cash flow hedges:
Long coffee pounds	2,546	2,121
Total	43,459	35,159

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

________________

(1) Included in “Short-term derivative liabilities” on the Company's consolidated balance sheets.

(2) Included in “Other long-term 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” (prior period amounts have been retrospectively adjusted to reflect the impact of certain changes in accounting principles and corrections to previously issued financial statements as described in Note 3).

:

	Year Ended June 30,									Financial Statement Classification
(In thousands)	2018			2017			2016
Net (losses) gains recognized in AOCI	$	(8,420	)	$	(4,746	)	$	592		AOCI
Net losses recognized in earnings	$	(1,179	)	$	(835	)	$	(16,810	)	Costs of goods sold
Net gains (losses) recognized in earnings (ineffective portion)(1)	$	48		$	(456	)	$	(575	)	Other, net

________________

(1) Amount included in fiscal year ended June 30, 2018 relates to trades terminated prior to the adoption of ASU 2017-12. See Note 2.

Schedule of Net Realized and Unrealized Gains and Losses Recorded in 'Other, net'

Net gains and losses recorded in “Other, net” are as follows:

	Year Ended June 30,
(In thousands)	2018			2017			2016
Net losses on coffee-related derivative instruments	$	(469	)	$	(1,812	)	$	(298	)
Net gains on investments	7			286			611
Net (losses) gains on derivative instruments and investments(1)	(462		)	(1,526		)	313
Other gains, net(2)	1,533			325			243
Other, net	$	1,071		$	(1,201	)	$	556

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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 fiscal years ended June 30, 2018, 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 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
June 30, 2018	Derivative Assets	$	—	$	—		$	—	$	—
	Derivative Liabilities	$	3,686	$	—		$	—	$	3,686
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 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
June 30, 2018	Derivative Assets	$	—	$	—		$	—	$	—
	Derivative Liabilities	$	3,686	$	—		$	—	$	3,686
June 30, 2017	Derivative Assets	$	132	$	(132	)	$	—	$	—
	Derivative Liabilities	$	2,369	$	(132	)	$	—	$	2,237