Inventories

9 Months Ended

Jun. 23, 2012

Inventories

Inventories

4.Inventories

Inventories consisted of the following (in thousands):

	June 23, 2012		September 24, 2011
Raw materials and supplies	$	243,038	$	182,811
Finished goods	423,967		489,437
	$	667,005	$	672,248

At June 23, 2012 the Company had approximately $401.4 million in green coffee purchase commitments, of which approximately 82% had a fixed price.  These commitments primarily extend through fiscal 2014.  The value of the variable portion of these commitments was calculated using an average “C” price of coffee of $1.63 per pound at June 23, 2012.  In addition to its green coffee commitments, the Company had approximately $266.6 million in fixed price brewer and related accessory purchase commitments and $605.7 million in production raw material commitments at June 23, 2012.  The Company believes based on relationships established with its suppliers that the risk of non-delivery on such purchase commitments is remote.

At June 23, 2012, minimum future inventory purchase commitments are as follows (in thousands):

Fiscal Year	Inventory Purchase Obligations
Remainder of 2012	$	517,975
2013	254,012
2014	111,628
2015	111,351
2016	114,675
Thereafter	164,041
	$	1,273,682

In order to ensure a continuous supply of high quality raw materials some of the Company’s inventory purchase obligations include long-term purchase commitments for certain strategic raw materials critical for the manufacture of portion packs.