XML 126 R86.htm IDEA: XBRL DOCUMENT v3.20.2
Employee Benefit Plans - Components of Net Periodic Benefit Cost and Amounts Recognized in Other Comprehensive Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Components of net periodic benefit cost    
Interest cost $ 4,236 $ 5,222
Expected return on plan assets (4,406) (5,246)
Amortization of net loss 1,479 1,506
Pension settlement charge 0 10,942
Net periodic benefit cost 1,309 12,424
Other changes recognized in OCI    
Net loss (1) 14,779 9,193
Actuarial (gain) loss 13,994 7,260
Prior service cost (credit) 0 0
Amortization of net loss (1,479) (1,506)
Pension settlement charge 0 (10,942)
Allocation of net Loss - Plan merger 0 0
Net loss due to annuity purchase 0 814
Total recognized in OCI 13,300 (2,441)
Total recognized in net periodic benefit cost and OCI $ 14,609 $ 9,983
Weighted average assumptions used to determine benefit obligations    
Discount rate 3.45% 4.05%
Expected long-term return on plan assets 6.75% 6.75%
Farmer Brothers Plan    
Components of net periodic benefit cost    
Interest cost   $ 2,722
Expected return on plan assets   (2,767)
Amortization of net loss   710
Pension settlement charge   1,356
Net periodic benefit cost   2,021
Other changes recognized in OCI    
Net loss (1)   7,433
Actuarial (gain) loss   (1,571)
Prior service cost (credit)   0
Amortization of net loss   (710)
Pension settlement charge   (1,356)
Allocation of net Loss - Plan merger   (56,446)
Net loss due to annuity purchase   0
Total recognized in OCI   (51,079)
Total recognized in net periodic benefit cost and OCI   $ (49,058)
Weighted average assumptions used to determine benefit obligations    
Discount rate   4.05%
Expected long-term return on plan assets   0.00%
Brewmatic Plan    
Components of net periodic benefit cost    
Interest cost $ 4,084 $ 2,339
Expected return on plan assets (4,174) (2,257)
Amortization of net loss 1,475 796
Pension settlement charge 0 9,586
Net periodic benefit cost 1,385 10,464
Other changes recognized in OCI    
Net loss (1) 14,225 1,413
Actuarial (gain) loss 13,433 8,482
Prior service cost (credit) 0 0
Amortization of net loss (1,475) (796)
Pension settlement charge 0 (9,586)
Allocation of net Loss - Plan merger 0 56,446
Net loss due to annuity purchase 0 814
Total recognized in OCI 12,750 48,291
Total recognized in net periodic benefit cost and OCI $ 14,135 $ 58,755
Weighted average assumptions used to determine benefit obligations    
Discount rate 3.45% 4.10%
Expected long-term return on plan assets 6.75% 6.75%
Hourly Employees’ Plan    
Components of net periodic benefit cost    
Interest cost $ 152 $ 161
Expected return on plan assets (232) (222)
Amortization of net loss 4 0
Pension settlement charge 0 0
Net periodic benefit cost (76) (61)
Other changes recognized in OCI    
Net loss (1) 554 347
Actuarial (gain) loss 561 349
Prior service cost (credit) 0 0
Amortization of net loss (4) 0
Pension settlement charge 0 0
Allocation of net Loss - Plan merger 0 0
Net loss due to annuity purchase 0 0
Total recognized in OCI 550 347
Total recognized in net periodic benefit cost and OCI $ 474 $ 286