Commitments and Contingencies

9 Months Ended

Mar. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Facility Lease Obligation

On July 17, 2015, the Company entered into the Lease Agreement, as amended, with Lessor pursuant to which the Company will lease a 538,000 square foot facility to be constructed on 28.2 acres of land located in Northlake, Texas (see Note 3).

The Company recorded an asset related to the facility lease obligation included in property, plant and equipment of $19.2 million at March 31, 2016. The facility lease obligation included in "Other long-term liabilities" on the Company’s consolidated balance sheet was $19.2 million at March 31, 2016. There were no such amounts recorded at June 30, 2015 (see Note 13).

Contractual obligations for the remainder of fiscal 2016 and future fiscal years are as follows:



	Contractual Obligations
(In thousands)	Capital Lease Obligations			Operating Lease Obligations		New Facility Lease Obligation(1)		Pension Plan Obligations		Postretirement Benefits Other Than Pension Plans		Revolving Credit Facility		Purchase Commitments(2)
Three months ending June 30,
2016	$	1,170		$	1,148	$	—	$	1,898	$	269	$	307	$	30,696
Year Ending June 30,
2017	1,598			3,836		2,197		7,828		1,171		—		34,617
2018	900			3,088		4,438		8,137		1,306		—		—
2019	144			2,346		4,526		8,407		1,480		—		—
2020	51			1,185		4,617		8,687		1,555		—		—
Thereafter	4			395		60,202		47,033		8,950		—		—
				$	11,998	$	75,980	$	81,990	$	14,731	$	307	$	65,313
Total minimum lease payments	$	3,867
Less: imputed interest (0.82% to 10.7%)	(749		)
Present value of future minimum lease payments	$	3,118
Less: current portion	1,871
Long-term capital lease obligations	$	1,247

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(1) Includes estimated minimum lease payments commencing December 31, 2016 for the New Facility under the Lease Agreement assuming the purchase option thereunder is not exercised. Calculation of the annual base rent under the Lease Agreement shown in the table is based on the final budget. If the Company were to exercise the purchase option under the Lease Agreement on or before July 17, 2016, the estimated option purchase price in lieu of the lease payments would be $58.6 million payable in the year ending June 30, 2017 (see Note 3).

(2) Purchase commitments include commitments under coffee purchase contracts for which all delivery terms have been finalized but the related coffee has not been received as of March 31, 2016. Amounts shown in the table above: (a) include all coffee purchase contracts that the Company considers to be from normal purchases; and (b) do not include amounts related to derivative instruments that are recorded at fair value on the Company’s consolidated balance sheets.

Non-cancelable Purchase Orders

As of March 31, 2016, the Company had committed to purchase green coffee inventory totaling $59.8 million under fixed-price contracts, other inventory totaling $5.3 million and equipment totaling $0.2 million under non-cancelable purchase orders.