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Derivative Instruments (Tables)
 9 Months Ended
Mar. 31, 2021
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 March 31, 2021 and June 30, 2020:
(In thousands)March 31, 2021June 30, 2020
Derivative instruments designated as cash flow hedges:
  Long coffee pounds20,681 36,413 
Derivative instruments not designated as cash flow hedges:
  Long coffee pounds8,112 8,348 
      Total28,793 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
March 31, 2021June 30, 2020March 31, 2021June 30, 2020
(In thousands)
Financial Statement Location:
Short-term derivative assets:
Coffee-related derivative instruments(1)
$1,014 $35 $48 $130 
Long-term derivative assets:
    Coffee-related derivative instruments (2)$— $10 $— $— 
Short-term derivative liabilities:
Coffee-related derivative instruments $382 $3,322 $277 $706 
Interest rate swap derivative instruments $— $1,228 $1,331 $— 
Long-term derivative liabilities:
Coffee-related derivative instruments (3)$27 $246 $— $— 
Interest rate swap derivative instruments (3)$— $2,613 $1,680 $— 
________________
(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 March 31,Nine Months Ended March 31,Financial Statement Classification
(In thousands)2021202020212020
Net losses recognized in AOCI - Interest rate swap
$— $(2,542)$(304)$(2,590)AOCI
Net (losses) recognized from AOCI to earnings - Interest rate swap$9 $(83)$(354)$(115)Interest Expense
Net losses reclassified from AOCI to earnings for de-designated Interest rate swap (1)$(320)$— $(960)$— Interest Expense
Net losses reclassified from AOCI to earnings for partial unwind of interest swap - Interest rate swap(2)$— $— $— $(407)Interest Expense
Net gains (losses) recognized in AOCI - Coffee-related$(1,315)$(5,681)$6,051 $1,750 AOCI
Net gains (losses) recognized in earnings - Coffee - related$983 $(1,976)$1,587 $(8,898)Cost of
goods sold
Schedule of Net Realized and Unrealized Gains and Losses Recorded in 'Other, net'
Net gains and losses recorded in “Other, net” are as follows:
 Three Months Ended March 31,Nine Months Ended March 31,
(In thousands)2021202020212020
Net (losses) gains on coffee-related derivative instruments(1)$(832)$(308)$1,002 $(932)
Non-operating pension and other postretirement benefit (2)455 1,248 15,943 3,744 
Other gains (losses), net
21 136 338 129 
             Other, net
$(356)$1,076 $17,283 $2,941 
___________
(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 nine months ended March 31, 2021 and 2020.
(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
March 31, 2021Derivative Assets$1,062 $(650)$— $412 
Derivative Liabilities$3,697 $(650)$— $3,047 
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
March 31, 2021Derivative Assets$1,062 $(650)$— $412 
Derivative Liabilities$3,697 $(650)$— $3,047 
June 30, 2020Derivative Assets$175 $(175)$— $— 
Derivative Liabilities$8,115 $(176)$— $7,939