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Derivative Instruments (Tables)
 3 Months Ended
Sep. 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 September 30, 2018 and June 30, 2018:
(In thousands)
 
September 30, 2018
 
June 30, 2018
Derivative instruments designated as cash flow hedges:
 
 
 
 
  Long coffee pounds
 
48,900

 
40,913

Derivative instruments not designated as cash flow hedges:
 
 
 
 
  Long coffee pounds
 
2,463

 
2,546

  Less: Short coffee pounds
 
(37
)
 
—

      Total
 
51,326

 
43,459
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, 2018
 
June 30, 2018
 
September 30, 2018
 
June 30, 2018
(In thousands)
 
 
 
 
 
 
 
 
Financial Statement Location:
 
 
 
 
 
 
 
 
Short-term derivative assets(1):
 
 
 
 
 
 
 
 
Coffee-related derivative instruments
 
$
10

 
$
—

 
$
44

 
$
—

Long-term derivative assets(2):
 
 
 
 
 
 
 
 
Coffee-related derivative instruments
 
$
12

 
$
—

 
$
—

 
$
—

Short-term derivative liabilities(1):
 
 
 
 
 
 
 
 
Coffee-related derivative instruments
 
$
6,527

 
$
3,081

 
$
771

 
$
219

Long-term derivative liabilities(2):
 
 
 
 
 
 
 
 
Coffee-related derivative instruments
 
$
553

 
$
386

 
$
—

 
$
—


________________
(1) Included in “Short-term derivative liabilities” 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 on coffee-related derivative instruments designated as cash flow hedges, as recognized in accumulated other comprehensive income (loss) “AOCI” and “Cost of goods sold” (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).
 
 
Three Months Ended
September 30,
 
Financial Statement Classification
(In thousands)
 
2018
 
2017
 
Net losses recognized in AOCI
 
$
(8,193
)
 
$
(359
)
 
AOCI
Net (losses) gains recognized in earnings
 
$
(1,962
)
 
$
1,266

 
Costs of goods sold
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)
 
2018
 
2017
Net (losses) gains on coffee-related derivative instruments(1)
 
$
(1,105
)
 
$
97

Net losses on investments
 
—

 
(9
)
Non-operating pension and other postretirement benefit plans cost(2)
 
1,763

 
1,663

Other losses, net
 
(1
)
 
(1
)
             Other, net
 
$
657

 
$
1,750


___________
(1) Excludes net gains and losses on coffee-related derivative instruments designated as cash flow hedges recorded in cost of goods sold in the three months ended September 30, 2018 and 2017.
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, 2018
 
Derivative Assets
 
$
66

 
$
(66
)
 
$
—

 
$
—

 
 
Derivative Liabilities
 
$
7,851

 
$
(66
)
 
$
2,628

 
$
5,157

June 30, 2018
 
Derivative Assets
 
$
—

 
$
—

 
$
—

 
$
—

 
 
Derivative Liabilities
 
$
3,686

 
$
—

 
$
—

 
$
3,686
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, 2018
 
Derivative Assets
 
$
66

 
$
(66
)
 
$
—

 
$
—

 
 
Derivative Liabilities
 
$
7,851

 
$
(66
)
 
$
2,628

 
$
5,157

June 30, 2018
 
Derivative Assets
 
$
—

 
$
—

 
$
—

 
$
—

 
 
Derivative Liabilities
 
$
3,686

 
$
—

 
$
—

 
$
3,686