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Employee Benefit Plans (Tables)
 12 Months Ended
Jun. 30, 2021
Retirement Benefits [Abstract]  
Obligations and Funded Status of Pension Plan
Obligations and Funded Status 
 Farmer Bros. Plan
As of June 30,		Hourly Employees’ Plan
As of June 30,		Total
($ in thousands)202120202021202020212020
Change in projected benefit obligation
Benefit obligation at the beginning of the year$133,326 $121,752 $5,086 $4,475 $138,412 $126,227 
Interest cost3,309 4,084 128 152 3,437 4,236 
Actuarial (gain) loss(1,437)13,433 (6)561 (1,443)13,994 
Benefits paid(6,107)(5,943)(138)(102)(6,245)(6,045)
Pension settlement — — — — — — 
Projected benefit obligation at the end of the year$129,091 $133,326 $5,070 $5,086 $134,161 $138,412 
Change in plan assets
Fair value of plan assets at the beginning of the year$75,904 $75,411 $3,915 $3,778 $79,819 $79,189 
Actual return on plan assets17,648 3,382 826 239 18,474 3,621 
Employer contributions3,063 3,054 — — 3,063 3,054 
Benefits paid(6,107)(5,943)(138)(102)(6,245)(6,045)
Fair value of plan assets at the end of the year$90,508 $75,904 $4,603 $3,915 $95,111 $79,819 
Funded status at end of year (underfunded)$(38,583)$(57,422)$(467)$(1,171)$(39,050)$(58,593)
Amounts recognized in consolidated balance sheets
Non-current liabilities(38,583)(57,422)(467)(1,171)(39,050)(58,593)
Total$(38,583)$(57,422)$(467)$(1,171)$(39,050)$(58,593)
Amounts recognized in AOCI
Net loss45,716 62,830 453 1,115 46,169 63,945 
Total AOCI (not adjusted for applicable tax)$45,716 $62,830 $453 $1,115 $46,169 $63,945 
Weighted average assumptions used to determine benefit obligations
Discount rate2.60 %2.55 %2.60 %2.55 %2.60 %4.05 %
Rate of compensation increaseN/AN/AN/AN/AN/AN/A
Schedule of Allocation of Plan Assets
Additional Disclosures
 Farmer Bros. Plan
June 30,		Hourly Employees’ Plan
June 30,		Total
($ in thousands)202120202021202020212020
Comparison of obligations to plan assets
Projected benefit obligation
$129,091 $133,326 $5,070 $5,086 $134,161 $138,412 
Accumulated benefit obligation
$129,091 $133,326 $5,070 $5,086 $134,161 $138,412 
Fair value of plan assets at measurement date
$90,508 $75,904 $4,603 $3,915 $95,111 $79,819 
Plan assets by category
Equity securities$58,089 $49,744 $2,958 $2,572 $61,047 $52,316 
Debt securities27,311 21,439 1,394 1,111 28,705 22,550 
Real estate5,108 4,721 251 232 5,359 4,953 
Total$90,508 $75,904 $4,603 $3,915 $95,111 $79,819 
Plan assets by category
Equity securities64 %66 %64 %66 %64 %66 %
Debt securities30 %28 %30 %28 %30 %28 %
Real estate6 %6 %6 %6 %6 %6 %
Total100 %100 %100 %100 %100 %100 %
Fair values of plan assets were as follows:
 
As of June 30, 2021
(In thousands)TotalLevel 1Level 2Level 3Investments measured at NAV
Farmer Bros. Plan$90,508 $— $— $— $90,508 
Hourly Employees’ Plan$4,603 $— $— $— $4,603 
As of June 30, 2020
(In thousands)TotalLevel 1Level 2Level 3Investments measured at NAV
Farmer Bros. Plan$75,904 $— $— $— $75,904 
Hourly Employees’ Plan$3,915 $— $— $— $3,915 
The following is the target asset allocation for the Company's single employer pension plans— Farmer Bros. Plan and Hourly Employees' Plan—for fiscal 2022:
 Fiscal 2022
U.S. large cap equity securities38.7 %
U.S. small cap equity securities3.2 %
International equity securities22.3 %
Debt securities30.2 %
Real estate5.6 %
Total100.0 %
Schedule of Expected Benefit Payments
The following benefit payments are expected to be paid over the next 10 fiscal years:
(In thousands)Farmer Bros. PlanHourly Employees’
Plan
Year Ending:
June 30, 2022$7,280 $190 
June 30, 2023$6,960 $190 
June 30, 2024$7,090 $200 
June 30, 2025$7,180 $210 
June 30, 2026$7,190 $220 
June 30, 2027 to June 30, 2031$35,340 $1,200 
(In thousands)
Estimated Future Benefit Payments: 
Year Ending:
June 30, 2022$51 
June 30, 2023$53 
June 30, 2024$56 
June 30, 2025$58 
June 30, 2026$60 
June 30, 2027 to June 30, 2031$308 
Expected Contributions:
June 30, 2021$51 
Schedule of Multiemployer Plans
Contributions made by the Company to the multiemployer pension plans are as follows:
(In thousands)WCTPP(1)(2)(3)(5)All Other Plans(4)
Year Ended:
June 30, 2021$1,049 $33 
June 30, 2020$1,685 $34 
June 30, 2019$3,634 $39 
____________
(1)Individually significant plan.
(2)Less than 5% of total contribution to WCTPP based on WCTPP's FASB Disclosure Statement
(3)The Company guarantees that one hundred seventy-three (173) hours will be contributed upon for all employees who are compensated for all available straight time hours for each calendar month. An additional 6.5% of the basic contribution must be paid for PEER or the Program for Enhanced Early Retirement.
(4)Includes one plan that is not individually significant.
(5)June 30, 2019 and 2020 includes WCT monthly settlement obligations of $190,507, see below
Schedule of Net Benefit Costs
The following table shows the components of net periodic postretirement benefit cost for the Retiree Medical Plan and Death Benefit Plan for the fiscal years ended June 30, 2021, 2020 and 2019. Net periodic postretirement benefit cost for fiscal 2021 was based on employee census information as of June 30, 2021. 
Year Ended June 30,
(In thousands)202120202019
Components of Net Periodic Postretirement Benefit Cost (Credit):
Service cost$19 $446 $530 
Interest cost293 725 887 
Amortization of net gain(5,296)(3,067)(834)
Curtailment credit - Retiree Medical
— (5,750)— 
Amortization of prior service credit(8,961)(5,666)(1,757)
Settlement credit - Retiree Medical(6,669)— — 
Net periodic postretirement benefit (credit) cost$(20,614)$(13,312)$(1,174)
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)
Components of Net Periodic Benefit Cost and
Other Changes Recognized in Other Comprehensive Income (Loss) (OCI) 
 Farmer Bros. Plan
June 30,		Hourly Employees’ Plan June 30,Total
($ in thousands)202120202021202020212020
Components of net periodic benefit cost
Interest cost3,309 4,084 128 152 3,437 4,236 
Expected return on plan assets
(3,959)(4,174)(192)(232)(4,151)(4,406)
Amortization of net loss
1,987 1,475 23 4 2,010 1,479 
Net periodic benefit cost$1,337 $1,385 $(41)$(76)$1,296 $1,309 
Other changes recognized in OCI
Net (gain) loss (1)$(15,127)$14,225 $(640)$554 (15,767)14,779 
Amortization of net loss
(1,987)(1,475)(23)(4)(2,010)(1,479)
Total recognized in OCI
$(17,114)$12,750 $(663)$550 $(17,777)$13,300 
Total recognized in net periodic benefit cost and OCI
$(15,777)$14,135 $(704)$474 (16,481)14,609 
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate2.55 %3.45 %2.55 %3.45 %2.55 %3.45 %
Expected long-term return on plan assets
6.25 %6.75 %6.25 %6.75 %6.25 %6.75 %
Rate of compensation increase
N/AN/AN/AN/AN/AN/A

(1) Net gain for fiscal year ended June 30, 2021 was primarily due to plan assets returns, whereas the net loss for fiscal year June 30, 2020 was primarily due to the decline in interest rates.
The following tables provide a reconciliation of the benefit obligation and plan assets for the Retiree Medical Plan, Death Benefit Plan and Executive Death Benefit Plan:
 As of June 30,
(In thousands)20212020
Change in Benefit Obligation:
Projected postretirement benefit obligation at beginning of year$10,739 $24,092 
Service cost19 446 
Interest cost293 725 
Participant contributions233 593 
Amendments— (13,441)
Actuarial gains (losses)151 (621)
Termination of benefits(9,290)— 
Benefits paid(1,133)(1,055)
Projected postretirement benefit obligation at end of year$1,012 $10,739 
 
 Year Ended June 30,
(In thousands)20212020
Change in Plan Assets:
Fair value of plan assets at beginning of year$— $— 
Employer contributions1,068 462 
Participant contributions232 593 
Settlements (167)— 
Benefits paid(1,133)(1,055)
Fair value of plan assets at end of year$— $— 
Projected postretirement benefit obligation at end of year1,012 10,739 
Funded status of plan$(1,012)$(10,739)
 
 June 30,
(In thousands)20212020
Amounts Recognized in the Consolidated Balance Sheets Consist of:
Current liabilities$(52)$(746)
Non-current liabilities(960)(9,993)
Total$(1,012)$(10,739)