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Derivative Instruments (Tables)
 9 Months Ended
Mar. 31, 2022
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, 2022 and June 30, 2021:
(In thousands)March 31, 2022June 30, 2021
Derivative instruments designated as cash flow hedges:
  Long coffee pounds10,838 14,625 
Derivative instruments not designated as cash flow hedges:
  Long coffee pounds2,735 6,886 
      Total13,573 21,511 
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheets
Fair values of derivative instruments on the Company’s consolidated balance sheets:
Derivative Instruments
Designated as Cash Flow Hedges		Derivative Instruments Not Designated as Accounting Hedges
(In thousands)March 31, 2022June 30, 2021March 31, 2022June 30, 2021
Financial Statement Location:
Short-term derivative assets:
Coffee-related derivative instruments$5,561 $3,823 $526 $528 
Long-term derivative assets:
    Coffee-related derivative instruments (1)— 292 — — 
Interest rate swap derivative instruments (1)— — 162 — 
Short-term derivative liabilities:
Coffee-related derivative instruments 24 20 1,123 3 
Interest rate swap derivative instruments— — 544 1,532 
Long-term derivative liabilities:
Coffee-related derivative instruments (2)— — — — 
Interest rate swap derivative instruments (2)— — — 1,653 
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(1) Included in “Other assets” on the Company's consolidated balance sheets.
(2) Included in “Other long-term liabilities” on the Company's 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)2022202120222021
Net losses recognized in AOCI - Interest rate swap $— $— $— $(304)AOCI
Net (losses) gains recognized from AOCI to earnings - Interest rate swap(1)9 (6)(354)Interest Expense
Net losses reclassified from AOCI to earnings for de-designated Interest rate swap(293)(320)(910)(960)Interest Expense
Net gains (losses) recognized in AOCI - Coffee-related383 (1,315)11,374 6,051 AOCI
Net gains recognized in earnings - Coffee - related3,110 983 8,742 1,587 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)2022202120222021
Net gains (losses) on coffee-related derivative instruments (1)$665 $(832)$3,087 $1,002 
Non-operating pension and other postretirement benefits896 455 2,685 15,943 
Other gains (losses), net18 21 18 338 
             Other, net $1,579 $(356)$5,790 $17,283 
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(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, 2022 and 2021.
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, 2022Derivative Assets$6,250 $(1,147)$— $5,103 
Derivative Liabilities1,691 (1,147)— 544 
June 30, 2021Derivative Assets4,643 (23)— 4,620 
Derivative Liabilities3,208 (23)— 3,185 
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, 2022Derivative Assets$6,250 $(1,147)$— $5,103 
Derivative Liabilities1,691 (1,147)— 544 
June 30, 2021Derivative Assets4,643 (23)— 4,620 
Derivative Liabilities3,208 (23)— 3,185