Revenue Recognition Revenue Recognition

3 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

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 through Direct-store-delivery (“DSD”) to the Company’s customers at their place of business and direct ship from the Company’s warehouse to the customer’s warehouse, facility or address. 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:

	Three Months Ended September 30,
	2021				2020
(In thousands)	$		% of total		$		% of total
Net Sales by Product Category:
Coffee (Roasted)	$	70,597	65.1	%	$	66,154	68.0	%
Tea & Other Beverages (1)	19,037		17.6	%	15,529		16.0	%
Culinary	13,075		12.1	%	10,423		10.7	%
Spices	5,199		4.8	%	4,746		4.9	%
Net sales by product category	107,908		99.6	%	96,852		99.6	%
Delivery Surcharge	454		0.4	%	418		0.4	%
Net sales	$	108,362	100.0	%	$	97,270	100.0	%

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(1)Includes all beverages other than roasted coffee, including frozen liquid coffee, and iced and hot tea, including cappuccino, cocoa, granitas, and concentrated and ready-to drink cold brew and iced coffee.

The Company does not have any material contract assets and liabilities as of September 30, 2021. Receivables from contracts with customers are included in “Accounts receivable, net” on the Company’s condensed consolidated balance sheets. At September 30, 2021 and June 30, 2021, “Accounts receivable, net” included, $42.3 million and $37.2 million, respectively, in receivables from contracts with customers.