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Inventories
12 Months Ended
Sep. 27, 2014
Inventories  
Inventories

5.     Inventories

Inventories consisted of the following (in thousands) as of:

                                                                                                                                                                                    

 

 

September 27, 2014

 

September 28, 2013

 

Raw materials and supplies

 

$

169,858 

 

$

182,882 

 

Finished goods

 

 

665,309 

 

 

493,207 

 

 

 

 

 

 

 

 

 

$

835,167 

 

$

676,089 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of September 27, 2014, the Company had approximately $407.7 million in green coffee purchase commitments, of which approximately 88% had a fixed price. These commitments primarily extend through fiscal 2016. The value of the variable portion of these commitments was calculated using an average "C" price of coffee of $1.93 per pound at September 27, 2014. In addition to its green coffee commitments, the Company had approximately $256.4 million in fixed price brewer and related accessory purchase commitments and $1,108.7 million in production raw materials commitments at September 27, 2014. The Company believes, based on relationships established with its suppliers, that the risk of non-delivery on such purchase commitments is remote.

As of September 27, 2014, minimum future inventory purchase commitments were as follows (in thousands):

                                                                                                                                                                                    

Fiscal Year

 

Inventory
Purchase
Obligations(1) 

 

2015

 

 

830,788 

 

2016

 

 

252,623 

 

2017

 

 

250,779 

 

2018

 

 

263,039 

 

2019

 

 

65,762 

 

Thereafter

 

 

109,805 

 

 

 

 

 

 

 

$

1,772,796 

 

 

 

 

 

 

 

 

 


(1)

Certain purchase obligations are determined based on a contractual percentage of forecasted volumes.