Derivative Financial Instruments (Tables)

9 Months Ended

Mar. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheets

Fair values of derivative instruments on the consolidated balance sheets:

	Derivatives Designated as Cash Flow Hedges				Derivatives Not Designated as Accounting Hedges
	March 31,		June 30,		March 31,		June 30,
(In thousands)	2014		2013		2014		2013
Financial Statement Location:
Short-term derivative assets:
Coffee-related derivatives	$	15,434	$	—	$	3,100	$	4
Long-term derivative assets(1):
Coffee-related derivatives	$	1,233	$	—	$	—	$	—
Short-term derivative liabilities:
Coffee-related derivatives	$	—	$	9,331	$	—	$	565
Other current liabilities:
Interest rate swap	$	—	$	—	$	—	$	25
Long-term derivative liabilities:
Coffee-related derivatives	$	—	$	1,129	$	—	$	—

Schedule of Pretax Effect of Derivative Instruments on Earnings and OCI

The following table presents pretax net gains and losses on coffee-related derivative instruments designated as cash flow hedges, as recognized in "Cost of goods sold," "AOCI" and "Other, net":

	Three Months Ended  March 31,					Nine Months Ended  March 31,					Financial Statement Classification
(In thousands)	2014			2013		2014			2013
Net losses recognized in earnings (effective portion)	$	(845	)	$	—	$	(6,799	)	$	—	Cost of goods sold
Net gains recognized in other comprehensive income (loss) (effective portion)	$	26,561		$	—	$	21,175		$	—	AOCI
Net gains (losses) recognized in earnings (ineffective portion)	$	202		$	—	$	(448	)	$	—	Other, net

Schedule of Net Realized and Unrealized Gains and Losses Recorded in 'Other, net'

Net gains and losses recorded in "Other, net" are as follows:

(In thousands)	Three Months Ended March 31,					Nine Months Ended March 31,
	2014		2013			2014			2013
Net gains (losses) on coffee-related derivatives	$	3,748	$	(2,918	)	$	2,554		$	(10,074	)
Net gains on investments	765		636			15			794
Net gains (losses) on interest rate swap	—		4			(5		)	(35		)
Net gains (losses) on derivatives and investments(1)	4,513		(2,278		)	2,564			(9,315		)
Other gains, net	151		329			680			1,452
Other, net	$	4,664	$	(1,949	)	$	3,244		$	(7,863	)

Schedule of Offsetting Derivative Assets and Liabilities

Offsetting of Derivative Assets and Liabilities

The Company has agreements in place that allow for the financial right of offset for derivative assets and liabilities at settlement or in the event of default under the agreements. Additionally, the Company maintains accounts with its brokers to facilitate financial derivative transactions in support of its risk management activities. Based on the value of the Company’s positions in these accounts and the associated margin requirements, the Company may be required to deposit cash into these broker accounts.

The following tables present the Company’s net exposure from its offsetting derivative asset and liability positions, as well as cash margins on deposit with each of its counterparties as of the reporting dates indicated:

(In thousands)		Gross Amount Reported on Balance Sheet		Netting Adjustments			Cash Collateral Posted (Received)		Net Exposure
Counterparty A:
At March 31, 2014	Derivative Assets	$	19,825	$	(57	)	$	—	$	19,768
	Derivative Liabilities	$	57	$	(57	)	$	—	$	—
At June 30, 2013	Derivative Assets	$	4	$	(4	)	$	—	$	—
	Derivative Liabilities	$	11,025	$	(4	)	$	8,084	$	2,937

(In thousands)		Gross Amount Reported on Balance Sheet		Netting Adjustments		Cash Collateral Posted (Received)		Net Exposure
Counterparty B:
At March 31, 2014	Derivative Assets	$	—	$	—	$	—	$	—
	Derivative Liabilities	$	—	$	—	$	—	$	—
At June 30, 2013	Derivative Assets	$	—	$	—	$	—	$	—
	Derivative Liabilities	$	25	$	—	$	—	$	25