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Inventories
3 Months Ended
Dec. 28, 2013
Inventories  
Inventories

4.              Inventories

 

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

 

 

 

December 28,
2013

 

September 28,
2013

 

Raw materials and supplies

 

$

148,689

 

$

182,882

 

 

 

 

 

 

 

Finished goods

 

318,655

 

493,207

 

 

 

$

467,344

 

$

676,089

 

 

At December 28, 2013, the Company had approximately $268.6 million in green coffee purchase commitments, of which approximately 90% had a fixed price.  These commitments primarily extend through fiscal 2015.  The value of the variable portion of these commitments was calculated using an average “C” price of coffee of $1.21 per pound at December 28, 2013.  In addition to its green coffee commitments, the Company had approximately $117.2 million in fixed price brewer and related accessory purchase commitments and $499.2 million in production raw material commitments at December 28, 2013.  The Company believes, based on relationships established with its suppliers, that the risk of non-delivery on such purchase commitments is remote.

 

As of December 28, 2013, minimum future inventory purchase commitments were as follows (in thousands):

 

Fiscal Year

 

Inventory
Purchase
Obligations

 

Remainder of 2014

 

$

422,817

 

2015

 

125,012

 

2016

 

117,363

 

2017

 

108,485

 

2018

 

111,325

 

 

 

$

885,002