Revenue Recognition

12 Months Ended

Jun. 30, 2022

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 primarily through two methods, DSD to the Company’s customers at their place of business and Direct Ship from the Company’s warehouse to the customer’s warehouse or facility. 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:

	For the Years Ended June 30,
	2022				2021				2020
(In thousands)	$		% of total		$		% of total		$		% of total
Net Sales by Product Category:
Coffee (Roasted)	$	302,324	64.4	%	$	263,400	66.2	%	$	328,465	65.5	%
Tea & Other Beverages (1)	84,397		18.0	%	69,482		17.5	%	98,971		19.7	%
Culinary	56,160		12.0	%	44,986		11.3	%	50,135		10.0	%
Spices	22,248		4.7	%	18,680		4.7	%	21,473		4.3	%
Net sales by product category	465,129		99.1	%	396,548		99.7	%	499,044		99.5	%
Delivery Surcharge	4,064		0.9	%	1,302		0.3	%	2,276		0.5	%
Net sales	$	469,193	100.0	%	$	397,850	100.0	%	$	501,320	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 June 30, 2022. Receivables from contracts with customers are included in “Accounts receivable, net” on the Company’s consolidated balance sheets. At June 30, 2022, and 2021, “Accounts receivable, net” included, $44.2 million, and $37.2 million respectively, in receivables from contracts with customers