XML 52 R41.htm IDEA: XBRL DOCUMENT v3.22.2.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Measurements  
Summarizes the fair value of financial instruments

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September 30, 2022

(Thousands)

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Level 1

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Level 2

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Level 3

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Total

Assets:

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Green coffee associated with forward contracts

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$

—

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$

51,323

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$

—

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$

51,323

Coffee futures contracts

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​

—

​

​

—

​

​

—

​

​

—

Forward purchase and sales contracts

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​

—

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​

13,393

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​

—

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​

13,393

Coffee options

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​

303

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​

—

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​

—

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​

303

Total

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$

303

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$

64,716

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$

—

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$

65,019

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​

​

​

​

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Liabilities:

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Coffee futures contracts

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$

703

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$

—

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$

—

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$

703

Forward purchase and sales contracts

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—

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​

4,654

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—

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​

4,654

Coffee options

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​

—

​

​

—

​

​

—

​

​

—

Westrock Public Warrants

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18,125

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—

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—

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18,125

Westrock Private Warrants

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—

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—

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14,208

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14,208

Total

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$

18,828

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$

4,654

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$

14,208

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$

37,690

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December 31, 2021

(Thousands)

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Level 1

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Level 2

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Level 3

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Total

Assets:

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​

​

​

​

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Green coffee associated with forward contracts

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$

—

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$

47,845

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$

—

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$

47,845

Coffee futures contracts

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172

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—

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​

—

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172

Forward purchase and sales contracts

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—

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13,593

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—

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​

13,593

Coffee options

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​

—

​

​

—

​

​

—

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​

—

Total

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$

172

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$

61,438

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$

—

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$

61,610

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​

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​

​

​

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Liabilities:

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​

​

​

​

​

​

​

​

​

​

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Forward purchase and sales contracts

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$

—

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$

14,021

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$

—

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$

14,021

Total

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$

—

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$

14,021

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$

—

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$

14,021

Schedule of change in fair value

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(Thousands)

    

Westrock Private Warrants

Fair value as of January 1, 2022

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$

—

Assumption of warrants

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11,618

Change in fair value

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2,590

Fair value as of September 30, 2022

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$

14,208

Schedule of warrants measured at fair value

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September 30, 2022

Stock price

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$

10.33

Exercise price

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11.50

Expected term (years)

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5.00

Expected volatility

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16.50%

Risk-free rate of return

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4.03%

Dividend yield

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0.00%