Derivative Instruments (Tables)

12 Months Ended

Jun. 30, 2019

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 June 30, 2019 and 2018:

	As of June 30,
(In thousands)	2019	2018
Derivative instruments designated as cash flow hedges:
Long coffee pounds	42,113	40,913
Derivative instruments not designated as cash flow hedges:
Long coffee pounds	6,070	2,546
Total	48,183	43,459

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

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(1) Included in “Short-term derivative assets” on the Company's consolidated balance sheets.

(2) Included in “Long-term derivative assets” on the Company's consolidated balance sheets.

(3) Included in “Short-term liabilities” on the Company's consolidated balance sheets.

(4) Included in “Other long-term liabilities” on the Company's 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 derivative instruments designated as cash flow hedges, as recognized in “AOCI,” “Cost of goods sold” and “Other, net”.

	Year Ended June 30,									Financial Statement Classification
(In thousands)	2019			2018			2017
Net losses recognized in AOCI - Interest rate swap	$	(1,791	)	$	—		$	—		AOCI
Net gains recognized from AOCI to earnings - Interest rate swap	$	46		$	—		$	—		Interest Expense
Net losses recognized in AOCI - Coffee-related	$	(7,407	)	$	(8,420	)	$	(4,746	)	AOCI
Net losses recognized in earnings - Coffee-related	$	(9,242	)	$	(1,179	)	$	(835	)	Costs of goods sold
Net gains (losses) recognized in earnings (ineffective portion)	$	—		$	48		$	(456	)	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:

	Year Ended June 30,
(In thousands)	2019			2018			2017
Net losses on coffee-related derivative instruments	$	(2,252	)	$	(469	)	$	(1,812	)
Net gains on investments	—			7			286
Net losses on derivative instruments and investments(1)	(2,252		)	(462		)	(1,526		)
Non-operating pension and other postretirement benefit plans cost(2)	6,315			6,651			6,660
Other gains, net	103			1,533			325
Other, net	$	4,166		$	7,722		$	5,459

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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 fiscal years ended June 30, 2019, 2018 and 2017.

Schedule of Offsetting Assets

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
June 30, 2019	Derivative Assets	$	2,539	$	(698	)	$	—	$	1,841
	Derivative Liabilities	$	3,086	$	(698	)	$	—	$	2,388
June 30, 2018	Derivative Assets	$	—	$	—		$	—	$	—
	Derivative Liabilities	$	3,686	$	—		$	—	$	3,686

Schedule of Offsetting 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
June 30, 2019	Derivative Assets	$	2,539	$	(698	)	$	—	$	1,841
	Derivative Liabilities	$	3,086	$	(698	)	$	—	$	2,388
June 30, 2018	Derivative Assets	$	—	$	—		$	—	$	—
	Derivative Liabilities	$	3,686	$	—		$	—	$	3,686