Revenue Recognition Revenue Recognition

9 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

The Company’s primary sources of revenue are sales of coffee, tea and culinary products. The Company recognizes revenue when control of the promised good or service is transferred to the customer and in amounts that the Company expects to collect. The timing of revenue recognition takes into consideration the various shipping terms applicable to the Company’s sales.

The Company delivers products to customers primarily through two methods, Direct-store-delivery (“DSD”) to the Company’s customers at their place of business and direct ship from the Company’s warehouse to the customer’s warehouse or facility. Each delivery or shipment made to a third party customer is to satisfy a performance obligation. Performance obligations generally occur at a point in time and are satisfied when control of the goods passes to the customer. The Company is entitled to collection of the sales price under normal credit terms in the regions in which it operates.

The Company disaggregates net sales from contracts with customers based on the characteristics of the products sold:



	Three Months Ended March 31,
	2020				2019
(In thousands)	$		% of total		$		% of total
Net Sales by Product Category:
Coffee (Roasted)	$	84,300	65.3	%	$	93,211	63.5	%
Coffee (Frozen Liquid)	7,044		5.5	%	8,267		5.6	%
Tea (Iced & Hot)	6,701		5.2	%	8,320		5.7	%
Culinary	12,954		9.9	%	15,990		11.0	%
Spice	5,262		4.1	%	5,736		3.9	%
Other beverages(1)	12,290		9.5	%	14,405		9.8	%
Net sales by product category	128,551		99.5	%	145,929		99.5	%
Fuel surcharge	588		0.5	%	750		0.5	%
Net sales	$	129,139	100.0	%	$	146,679	100	%

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(1)	Includes all beverages other than roasted coffee, frozen liquid coffee, and iced and hot tea, including cappuccino, cocoa, granitas, and concentrated and ready-to drink cold brew and iced coffee.



	Nine Months Ended March 31,
	2020				2019
(In thousands)	$		% of total		$		% of total
Net Sales by Product Category:
Coffee (Roasted)	$	267,847	63.7	%	$	287,851	63.4	%
Coffee (Frozen Liquid)	23,528		5.6	%	26,141		5.8	%
Tea (Iced & Hot)	21,969		5.2	%	25,876		5.7	%
Culinary	42,315		10.1	%	48,779		10.8	%
Spice	17,594		4.2	%	17,895		3.9	%
Other beverages(1)	42,322		10.1	%	44,946		9.9	%
Other revenues(2)	2,701		0.6	%	—		—	%
Net sales by product category	418,276		99.5	%	451,488		99.5	%
Fuel surcharge	1,961		0.5	%	2,404		0.5	%
Net sales	$	420,237	100.0	%	$	453,892	100.0	%

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(1)	Includes all beverages other than roasted coffee, frozen liquid coffee, and iced and hot tea, including cappuccino, cocoa, granitas, and concentrated and ready-to drink cold brew and iced coffee.


(2)	Represents revenues for certain transition services related to the sale of the Company’s office coffee assets.

The Company does not have any material contract assets and liabilities as of March 31, 2020. Receivables from contracts with customers are included in “Accounts receivable, net” on the Company’s condensed consolidated balance sheets. At March 31, 2020 and June 30, 2019, “Accounts receivable, net” included, $49.3 million and $53.6 million, respectively, in receivables from contracts with customers.