Revenue Recognition

9 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Note 18. 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 March 31,								Nine Months Ended March 31,
	2023				2022				2023				2022
(In thousands)	$		% of total		$		% of total		$		% of total		$		% of total
Net Sales by Product Category:
Coffee (Roasted)	$	76,668	61.7	%	$	77,503	64.9	%	$	237,687	62.8	%	$	223,607	64.6	%
Tea & Other Beverages (1)	23,382		18.8	%	21,033		17.6	%	71,014		18.8	%	62,961		18.2	%
Culinary	17,225		13.9	%	13,855		11.6	%	48,494		12.8	%	40,843		11.8	%
Spices	5,777		4.7	%	5,747		4.8	%	17,510		4.6	%	16,005		4.6	%
Net sales by product category	123,052		99.1	%	118,138		98.9	%	374,705		99.0	%	343,416		99.2	%
Delivery Surcharge	1,182		0.9	%	1,260		1.1	%	3,601		1.0	%	2,789		0.8	%
Net sales	$	124,234	100.0	%	$	119,398	100.0	%	$	378,306	100.0	%	$	346,205	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 March 31, 2023. Receivables from contracts with customers are included in “Accounts receivable, net” on the Company’s consolidated balance sheets. At March 31, 2023 and June 30, 2022, “Accounts receivable, net” included, $53.8 million and $44.2 million, respectively, in receivables from contracts with customers.