Revenue Recognition

12 Months Ended

Jun. 30, 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, 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:



	For the Years Ended June 30,
	2020				2019				2018
(In thousands)	$		% of total		$		% of total		$		% of total
Net Sales by Product Category:
Coffee (Roasted)	$	325,764	64.9	%	$	378,583	63.5	%	$	379,951	62.6	%
Coffee (Frozen Liquid)	28,619		5.7	%	34,541		5.8	%	34,794		5.7	%
Tea (Iced & Hot)	25,369		5.1	%	33,109		5.6	%	32,477		5.4	%
Culinary	50,135		10.0	%	64,100		10.8	%	64,432		10.6	%
Spice	21,473		4.3	%	24,101		4.0	%	25,150		4.2	%
Other beverages(1)	44,983		9.0	%	58,367		9.8	%	66,699		11.0	%
Other revenues(2)	2,701		0.5	%	—		—	%	—		—	%
Net sales by product category	499,044		99.5	%	592,801		99.5	%	603,503		99.5	%
Fuel surcharge	2,276		0.5	%	3,141		0.5	%	3,041		0.5	%
Net sales	$	501,320	100.0	%	$	595,942	100.0	%	$	606,544	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 June 30, 2020. Receivables from contracts with customers are included in “Accounts receivable, net” on the Company’s condensed consolidated balance sheets. At June 30, 2020, 2019 and 2018, “Accounts receivable, net” included, $40.7 million, $53.6 million and $54.5 million, respectively, in receivables from contracts with customers.