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Derivative Instruments (Tables)
 6 Months Ended
Dec. 31, 2020
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 December 31, 2020 and June 30, 2020:
(In thousands)December 31, 2020June 30, 2020
Derivative instruments designated as cash flow hedges:
  Long coffee pounds17,100 36,413 
Derivative instruments not designated as cash flow hedges:
  Long coffee pounds8,003 8,348 
      Total25,103 44,761 
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
December 31, 2020June 30, 2020December 31, 2020June 30, 2020
(In thousands)
Financial Statement Location:
Short-term derivative assets:
Coffee-related derivative instruments(1)
$2,573 $35 $1,199 $130 
Long-term derivative assets:
    Coffee-related derivative instruments (2)$— $10 $— $— 
Short-term derivative liabilities:
Coffee-related derivative instruments $73 $3,322 $6 $706 
Interest rate swap derivative instruments $— $1,228 $1,349 $— 
Long-term derivative liabilities:
Coffee-related derivative instruments (3)$— $246 $— $— 
Interest rate swap derivative instruments (3)$— $2,613 $2,224 $— 
________________
(1) Included in “Short-term derivative assets” on the Company’s condensed consolidated balance sheets.
(2) Included in “Long-term derivative assets” on the Company's condensed consolidated balance sheets.
(3) 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 for the Company's derivative instruments designated as cash flow hedges, as recognized in “AOCI,” “Cost of goods sold” and “Other, net”.
Three Months Ended December 31,Six Months Ended December 31,Financial Statement Classification
(In thousands)2020201920202019
Net losses recognized in AOCI - Interest rate swap
$— $448 $(304)$(48)AOCI
Net (losses) recognized from AOCI to earnings - Interest rate swap$(9)$(52)$(344)$(32)Interest Expense
Net losses reclassified from AOCI to earnings for de-designated Interest rate swap (1)$(320)$— $(659)$— Interest Expense
Net losses reclassified from AOCI to earnings for partial unwind of interest swap - Interest rate swap(2)$— $(407)$— $(407)Interest Expense
Net gains (losses) recognized in AOCI - Coffee-related$3,101 $12,130 $7,366 $7,431 AOCI
Net gains (losses) recognized in earnings - Coffee - related$240 $(3,451)$604 $(6,922)Cost 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 December 31,Six Months Ended December 31,
(In thousands)2020201920202019
Net gains (losses) on coffee-related derivative instruments(1)$1,338 $419 $1,834 $(624)
Non-operating pension and other postretirement benefit (2)7,744 1,248 15,488 2,496 
Other gains (losses), net
(2)(5)317 (7)
             Other, net
$9,080 $1,662 $17,639 $1,865 
___________
(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 and six months ended December 31, 2020 and 2019.
(2) Presented in accordance with ASU 2017-07.
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 counterparties as of the reporting dates indicated:
(In thousands)Gross Amount Reported on Balance SheetNetting AdjustmentsCash Collateral PostedNet Exposure
December 31, 2020Derivative Assets$3,772 $(79)$— $3,693 
Derivative Liabilities$3,652 $(79)$— $3,573 
June 30, 2020Derivative Assets$175 $(175)$— $— 
Derivative Liabilities$8,115 $(176)$— $7,939 
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 counterparties as of the reporting dates indicated:
(In thousands)Gross Amount Reported on Balance SheetNetting AdjustmentsCash Collateral PostedNet Exposure
December 31, 2020Derivative Assets$3,772 $(79)$— $3,693 
Derivative Liabilities$3,652 $(79)$— $3,573 
June 30, 2020Derivative Assets$175 $(175)$— $— 
Derivative Liabilities$8,115 $(176)$— $7,939