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Derivative Instruments (Tables)
 12 Months Ended
Jun. 30, 2023
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 June 30, 2023 and 2022:
As of June 30,
(In thousands)20232022
Derivative instruments designated as cash flow hedges:
Long coffee pounds1,538 4,200 
Derivative instruments not designated as cash flow hedges:
Long coffee pounds6,713 516 
Less: Short coffee pounds(4,388)— 
Total3,863 4,716 
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
As of June 30,As of June 30,
(In thousands)2023202220232022
Financial Statement Location:
Short-term derivative assets:
Coffee-related derivative instruments(1)
$4 $2,144 $64 $555 
Interest rate swap derivative instruments(1)— — — 323 
Long-term derivative assets:
Coffee-related derivative instruments(2)
— 37 — 140 
Interest rate swap derivative instruments(2)— — — 166 
Short-term derivative liabilities:
Coffee-related derivative instruments(3)
158 3 2,478 2,346 
________________
(1) Included in “Short-term derivative assets” on the Company's consolidated balance sheets.
(2) Included in “Other assets” on the Company's consolidated balance sheets.
(3) Included in “Short-term derivative liability” on the Company's consolidated balance sheets.
Schedule of Pretax Effect of Derivative Instruments on Earnings and OCI
The following table presents pretax net gains and losses for the Company's derivative instruments designated as cash flow hedges, as recognized in “AOCI,” “Cost of goods sold” and “Other, net”.
Year Ended June 30,Financial Statement Classification
(In thousands)202320222021
Net losses recognized in AOCI - Interest rate swap$— $— $304 AOCI
Net gains (losses) recognized from AOCI to earnings - Interest rate swap396 (7)(347)Interest Expense
Net losses reclassified from AOCI to earnings for partial unwind of interest swap - Interest rate swap(1,305)(1,201)(1,284)Interest Expense
Net losses (gains) recognized in AOCI - Coffee-related2,384 (12,172)(11,753)AOCI
Net gains recognized in earnings - Coffee-related1,392 15,865 1,940 Costs of goods sold
Schedule of Net Realized and Unrealized Gains and Losses Recorded in 'Other, net'
Net gains and losses recorded in “Other, net” are as follows:
 Year Ended June 30,
(In thousands)202320222021
Net gains (losses) on coffee-related derivative instruments (1)$(6,978)$4,498 $2,941 
Non-operating pension and other postretirement benefit plans credits2,910 3,598 16,398 
Other (losses) gains, net(174)44 47 
             Other, net
$(4,242)$8,140 $19,386 
___________
(1) Excludes net losses and net gains on coffee-related derivative instruments designated as cash flow hedges recorded in cost of goods sold in the fiscal years ended June 30, 2023, 2022 and 2021.
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table provides the balances and changes in accumulated other comprehensive income (loss) related to derivative instruments for the indicated periods:
June 30,
(In thousands)202320222021
Accumulated other comprehensive (income) loss beginning balance$(1,692)$(4,176)$6,964 
Net losses recognized in AOCI - Interest rate swap— — 304 
Net gains (losses) recognized from AOCI to earnings - Interest rate swap396 (7)(347)
Net losses reclassified from AOCI to earnings for partial unwind of interest swap - Interest rate swap(1,305)(1,201)(1,284)
Net losses (gains) recognized in AOCI - Coffee-related2,384 (12,172)(11,753)
Net gains recognized in earnings - Coffee-related1,392 15,865 1,940 
Accumulated other comprehensive loss (income) ending balance$1,175 $(1,692)$(4,176)
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 counterparty as of the reporting dates indicated:
(In thousands)Gross Amount Reported on Balance SheetNetting AdjustmentsCash Collateral PostedNet Exposure
As of June 30, 2023Derivative Assets$68 $(68)$— $— 
Derivative Liabilities2,636 (68)— 2,568 
As of June 30, 2022Derivative Assets3,365 (2,349)— 1,016 
Derivative Liabilities2,349 (2,349)— — 
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 counterparty as of the reporting dates indicated:
(In thousands)Gross Amount Reported on Balance SheetNetting AdjustmentsCash Collateral PostedNet Exposure
As of June 30, 2023Derivative Assets$68 $(68)$— $— 
Derivative Liabilities2,636 (68)— 2,568 
As of June 30, 2022Derivative Assets3,365 (2,349)— 1,016 
Derivative Liabilities2,349 (2,349)— —