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Derivative Instruments (Tables)
 9 Months Ended
Mar. 31, 2024
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, 2024 and June 30, 2023:
(In thousands)March 31, 2024June 30, 2023
Derivative instruments designated as cash flow hedges:
  Long coffee pounds— 1,538 
Derivative instruments not designated as cash flow hedges:
  Long coffee pounds35 6,713 
  Short coffee pounds— (4,388)
      Total35 3,863 
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, 2024June 30, 2023March 31, 2024June 30, 2023
Financial Statement Location:
Short-term derivative assets:
Coffee-related derivative instruments (1)$— $4 $13 $64 
Long-term derivative assets:
    Coffee-related derivative instruments (2)— — 23 — 
Short-term derivative liabilities:
Coffee-related derivative instruments (3)— 158 306 2,478 
Long-term derivative liabilities:
Coffee-related derivative instruments (4)— — 1,095 — 
________________
(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 liabilities” on the Company's consolidated balance sheets.
(4) 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 “Interest expense”.
Three Months Ended March 31,Nine Months Ended March 31,Financial Statement Classification
(In thousands)2024202320242023
Net (losses) gains recognized from AOCI to earnings - Interest rate swap— (1)— 385 Interest Expense
Net losses reclassified from AOCI to earnings for de-designated Interest rate swap— (266)— (1,218)Interest Expense
Net gain (losses) recognized in AOCI - Coffee-related142 819 293 (1,993)AOCI
Net (losses) gains recognized in earnings - Coffee - related(26)331 (656)2,213 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)2024202320242023
Net gains (losses) on coffee-related derivative instruments (1)$93 $1,424 $294 $(2,181)
Non-operating pension and other postretirement benefits915 727 2,746 2,182 
Other gains (losses), net627 (16)1,790 (83)
             Other, net $1,635 $2,135 $4,830 $(82)
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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, 2024 and 2023.
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:
Three Months Ended March 31,Nine Months Ended March 31,
(In thousands)2024202320242023
Accumulated other comprehensive loss (income) beginning balance$395 $2,436 $1,176 $(1,692)
Net (losses) gains recognized from AOCI to earnings - Interest rate swap— (1)— 385 
Net losses reclassified from AOCI to earnings for partial unwind of interest swap - Interest rate swap— (266)— (1,218)
Net (gains) losses recognized in AOCI - Coffee-related(142)(819)(293)1,993 
Net (losses) gains recognized in earnings - Coffee - related(26)331 (656)2,213 
Accumulated other comprehensive loss ending balance$227 $1,681 $227 $1,681 
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, 2024Derivative Assets$36 $(36)$— $— 
Derivative Liabilities1,401 (36)— 1,365 
June 30, 2023Derivative Assets68 (68)— — 
Derivative Liabilities2,636 (68)— 2,568 
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, 2024Derivative Assets$36 $(36)$— $— 
Derivative Liabilities1,401 (36)— 1,365 
June 30, 2023Derivative Assets68 (68)— — 
Derivative Liabilities2,636 (68)— 2,568