Derivative Instruments (Tables)

9 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The following table summarizes the notional volumes for the coffee-related derivative instruments held by the Company at March 31, 2017 and June 30, 2016:

(In thousands)	March 31, 2017		June 30, 2016
Derivative instruments designated as cash flow hedges:
Long coffee pounds	11,663		32,550
Derivative instruments not designated as cash flow hedges:
Long coffee pounds	873		1,618
Less: Short coffee pounds	(713	)	(188	)
Total	11,823		33,980

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

Fair values of derivative instruments on the Company's condensed consolidated balance sheets:

	Derivative Instruments Designated as Cash Flow Hedges				Derivative Instruments Not Designated as Accounting Hedges
	March 31, 2017		June 30, 2016		March 31, 2017		June 30, 2016
(In thousands)
Financial Statement Location:
Short-term derivative assets:
Coffee-related derivative instruments	$	522	$	3,771	$	1	$	183
Long-term derivative assets(1):
Coffee-related derivative instruments	$	—	$	2,575	$	—	$	57
Short-term derivative liabilities:
Coffee-related derivative instruments	$	326	$	—	$	536	$	—

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(1) Included in "Other assets" on the Company's condensed consolidated balance sheets.

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 accumulated other comprehensive income (loss) “AOCI,” “Cost of goods sold” and “Other, net”:

	Three Months Ended March 31,					Nine Months Ended March 31,						Financial Statement Classification
(In thousands)	2017		2016			2017			2016
Net gains (losses) recognized in accumulated other comprehensive income (effective portion)	$	188	$	(1,245	)	$	(2,029	)	$	(5,575	)	AOCI
Net gains (losses) recognized in earnings (effective portion)	$	865	$	(2,677	)	$	614		$	(11,504	)	Costs of goods sold
Net gains (losses) recognized in earnings (ineffective portion)	$	90	$	(84	)	$	63		$	(568	)	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)	2017		2016		2017			2016
Net gains (losses) on coffee-related derivative instruments	$	188	$	239	$	(1,052	)	$	(455	)
Net gains (losses) on investments	738		2		(354		)	120
Net gains (losses) on derivative instruments and investments(1)	926		241		(1,406		)	(335		)
Other gains (losses), net	118		372		318			370
Other, net	$	1,044	$	613	$	(1,088	)	$	35

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(1) Excludes net losses and net 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, 2017 and 2016.

Schedule of Offsetting Assets

The following table presents the Company’s net exposure from its offsetting derivative asset and liability positions as of the reporting dates indicated:

(In thousands)		Gross Amount Reported on Balance Sheet		Netting Adjustments			Cash Collateral Posted		Net Exposure
March 31, 2017	Derivative Assets	$	523	$	(523	)	$	—	$	—
	Derivative Liabilities	$	862	$	(523	)	$	—	$	339
June 30, 2016	Derivative Assets	$	6,586	$	—		$	—	$	6,586

Schedule of Offsetting Liabilities

The following table presents the Company’s net exposure from its offsetting derivative asset and liability positions as of the reporting dates indicated:

(In thousands)		Gross Amount Reported on Balance Sheet		Netting Adjustments			Cash Collateral Posted		Net Exposure
March 31, 2017	Derivative Assets	$	523	$	(523	)	$	—	$	—
	Derivative Liabilities	$	862	$	(523	)	$	—	$	339
June 30, 2016	Derivative Assets	$	6,586	$	—		$	—	$	6,586