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Inventories
3 Months Ended
Dec. 26, 2015
Inventories  
Inventories

6.Inventories

 

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

 

 

 

December 26,
2015

 

September 26,
2015

 

Raw materials and supplies

 

$

184,767 

 

$

227,529 

 

Finished goods

 

332,978 

 

464,451 

 

 

 

 

 

 

 

 

 

$

517,745 

 

$

691,980 

 

 

 

 

 

 

 

 

 

 

At December 26, 2015, the Company had approximately $224.6 million in green coffee purchase commitments, of which approximately 88% 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 $1.26 per pound at December 26, 2015.  In addition to its green coffee commitments, the Company had approximately $263.5 million in fixed price brewer and related accessory purchase commitments and $864.9 million in production raw material commitments at December 26, 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 December 26, 2015, minimum future inventory purchase commitments were as follows (in thousands):

 

Fiscal Year

 

Inventory
Purchase
Obligations(1)

 

Remainder of 2016

 

$

430,879 

 

2017 

 

488,409 

 

2018 

 

258,140 

 

2019 

 

109,805 

 

2020 

 

65,762 

 

Thereafter

 

 

 

 

 

 

 

 

$

1,352,995 

 

 

 

 

 

 

 

 

(1)

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