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Derivative Financial Instruments (Tables)
 9 Months Ended
Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Volumes for Coffee Related Derivatives
The following table summarizes the notional volumes for the coffee-related derivative instruments held by the Company at March 31, 2016 and June 30, 2015:
(In thousands)
 
March 31, 2016
 
June 30, 2015
Derivative instruments designated as cash flow hedges:
 
 
 
 
  Long coffee pounds
 
33,300

 
32,288

Derivative instruments not designated as cash flow hedges:
 
 
 
 
  Long coffee pounds
 
4,126

 
1,954

  Less: short coffee pounds
 
563

 
—

      Total
 
36,863

 
34,242
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheets
Fair values of derivative instruments on the Company's consolidated balance sheets:
 
 
Derivative Instruments Designated as
Cash Flow Hedges
 
Derivative Instruments Not Designated as
Accounting Hedges
 
 
March 31,
 
June 30,
 
March 31,
 
June 30,
(In thousands)
 
2016(1)
 
2015(2)
 
2016(1)
 
2015(2)
Financial Statement Location:
 
 
 
 
 
 
 
 
Short-term derivative assets:
 
 
 
 
 
 
 
 
Coffee-related derivative instruments
 
$
874

 
$
128

 
$
231

 
$
25

Long-term derivative assets:
 
 
 
 
 
 
 
 
Coffee-related derivative instruments
 
$
765

 
$
136

 
$
—

 
$
2

Short-term derivative liabilities:
 
 
 
 
 
 
 
 
Coffee-related derivative instruments
 
$
19

 
$
4,128

 
$
47

 
$
2

Long-term derivative liabilities:
 
 
 
 
 
 
 
 
Coffee-related derivative instruments
 
$
257

 
$
163

 
$
—

 
$
—


____________
(1) Included in "Short-term derivative assets" and "Other assets" on the Company's consolidated balance sheet at March 31, 2016.
(2) Included in "Short-term derivative liabilities" and "Other long-term liabilities" on the Company's consolidated balance sheet at June 30, 2015.
Schedule of Pretax Effect of Derivative Instruments on Earnings and OCI
The following table presents pretax net gains and losses for the Company's coffee-related derivative instruments designated as cash flow hedges, as recognized in "AOCI," "Cost of goods sold" and "Other, net":
 
 
Three Months Ended
March 31,
 
Nine Months Ended
March 31,
 
Financial Statement Classification
(In thousands)
 
2016
 
2015
 
2016
 
2015
 
Net losses recognized in accumulated other comprehensive income (loss) (effective portion)
 
$
(1,245
)
 
$
(9,117
)
 
$
(5,575
)
 
$
(11,700
)
 
AOCI
Net (losses) gains recognized in earnings (effective portion)
 
$
(2,677
)
 
$
(375
)
 
$
(11,504
)
 
$
9,467

 
Cost of goods sold
Net losses recognized in earnings (ineffective portion)
 
$
(84
)
 
$
(89
)
 
$
(568
)
 
$
(259
)
 
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:
 
 
Three Months Ended
March 31,
 
Nine Months Ended
March 31,
(In thousands)
 
2016
 
2015
 
2016
 
2015
Net gains (losses) on coffee-related derivative instruments
 
$
239

 
$
(1,834
)
 
$
(455
)
 
$
(2,690
)
Net gains on investments
 
2

 
265

 
120

 
281

Net gains (losses) on derivative instruments and
investments(1)
 
241

 
(1,569
)
 
(335
)
 
(2,409
)
Other gains (losses), net
 
372

 
—

 
370

 
246

Other, net
 
$
613

 
$
(1,569
)
 
$
35

 
$
(2,163
)

_______________
(1)
Excludes net (losses) gains on coffee-related derivative instruments designated as cash flow hedges recorded in cost of goods sold in the three and nine months ended March 31, 2016 and 2015.
Schedule of Offsetting Derivative Assets and Liabilities
The following table presents the Company’s net exposure from its offsetting derivative asset and liability positions, as well as cash collateral on deposit with its counterparty as of the reporting dates indicated:
(In thousands)
 
 
 
Gross Amount Reported on Balance Sheet
 
Netting Adjustments
 
Cash Collateral Posted
 
Net Exposure
March 31, 2016
 
Derivative assets
 
$
1,870

 
$
(323
)
 
$
—

 
$
1,547

 
 
Derivative liabilities
 
$
323

 
$
(323
)
 
$
—

 
$
—

June 30, 2015
 
Derivative assets
 
$
291

 
$
(291
)
 
$
—

 
$
—

 
 
Derivative liabilities
 
$
4,292

 
$
(291
)
 
$
1,001

 
$
3,000