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Inventories
9 Months Ended
Jun. 27, 2015
Inventories  
Inventories

 

4.Inventories

 

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

 

 

 

June 27,
2015

 

September 27,
2014

 

Raw materials and supplies

 

$

229,032 

 

$

169,858 

 

Finished goods

 

459,663 

 

665,309 

 

 

 

 

 

 

 

 

 

$

688,695 

 

$

835,167 

 

 

 

 

 

 

 

 

 

 

At June 27, 2015, the Company had approximately $402.2 million in green coffee purchase commitments, of which approximately 97% had a fixed price.  These commitments primarily extend through fiscal 2017.  The value of the variable portion of these commitments was calculated using an average “C” price of coffee of $1.41 per pound at June 27, 2015.  In addition to its green coffee commitments, the Company had approximately $249.7 million in fixed price brewer and related accessory purchase commitments and $1,027.9 million in production raw material commitments at June 27, 2015. 

 

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 27, 2015, minimum future inventory purchase commitments were as follows (in thousands):

 

Fiscal Year

 

Inventory
Purchase
Obligations(1)

 

Remainder of 2015

 

$

451,761 

 

2016 

 

498,478 

 

2017 

 

266,488 

 

2018 

 

277,188 

 

2019 

 

120,123 

 

Thereafter

 

65,762 

 

 

 

 

 

 

 

$

1,679,800 

 

 

 

 

 

 

 

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