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Inventories
9 Months Ended
Jun. 28, 2014
Inventories  
Inventories

4.Inventories

 

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

 

 

 

June 28,
 2014

 

September 28,
 2013

 

Raw materials and supplies

 

$

179,866 

 

$

182,882 

 

Finished goods

 

459,153 

 

493,207 

 

 

 

$

639,019 

 

$

676,089 

 

 

At June 28, 2014, the Company had approximately $410.5 million in green coffee purchase commitments, of which approximately 92% 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 $1.79 per pound at June 28, 2014.  In addition to its green coffee commitments, the Company had approximately $311.5 million in fixed price brewer and related accessory purchase commitments and $1,122.9 million in production raw material commitments at June 28, 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 June 28, 2014, minimum future inventory purchase commitments were as follows (in thousands):

 

Fiscal Year

 

Inventory
Purchase Obligations(1)

 

Remainder of 2014

 

$

507,553 

 

2015 

 

478,574 

 

2016 

 

264,127 

 

2017 

 

266,950 

 

2018 

 

283,676 

 

Thereafter

 

44,043 

 

 

 

$

1,844,923 

 

 

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