XML 59 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Inventories
6 Months Ended
Mar. 29, 2014
Inventories  
Inventories

4.              Inventories

 

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

 

 

 

March 29,
 2014

 

September 28,
 2013

 

Raw materials and supplies

 

$

146,327

 

$

182,882

 

Finished goods

 

304,788

 

493,207

 

 

 

$

451,115

 

$

676,089

 

 

At March 29, 2014, the Company had approximately $409.2 million in green coffee purchase commitments, of which approximately 81% 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 $1.85 per pound at March 29, 2014.  In addition to its green coffee commitments, the Company had approximately $213.9 million in fixed price brewer and related accessory purchase commitments and $1,171.2 million in production raw material commitments at March 29, 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 March 29, 2014, minimum future inventory purchase commitments were as follows (in thousands):

 

Fiscal Year

 

Inventory
Purchase Obligations

 

Remainder of 2014

 

$

551,486

 

2015

 

385,470

 

2016

 

262,503

 

2017

 

266,950

 

2018

 

283,812

 

Thereafter

 

44,043

 

 

 

$

1,794,264