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Employee Benefit Plans (Tables)
 12 Months Ended
Jun. 30, 2019
Retirement Benefits [Abstract]  
Obligations and Funded Status of Pension Plan
Obligations and Funded Status 
 
 
Farmer Bros. Plan
As of June 30,
 
Brewmatic Plan
As of June 30,
 
Hourly Employees’ Plan
As of June 30,
 
Total
($ in thousands)
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Change in projected benefit obligation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation at the beginning of the year
 
$
137,175

 
$
146,291

 
$
3,724

 
$
4,079

 
$
4,040

 
$
4,329

 
$
144,939

 
$
154,699

Interest cost
 
2,722

 
5,417

 
2,339

 
149

 
161

 
163

 
5,222

 
5,729

Actuarial (gain) loss
 
(1,571
)
 
(5,956
)
 
8,482

 
(227
)
 
349

 
(370
)
 
7,260

 
(6,553
)
Benefits paid
 
(3,574
)
 
(8,577
)
 
(3,097
)
 
(277
)
 
(75
)
 
(82
)
 
(6,746
)
 
(8,936
)
Pension settlement
 
(3,162
)
 
—

 
(21,286
)
 
—

 
—

 
—

 
(24,448
)
 
—

Other - Plan merger
 
$
(131,590
)
 
—

 
131,590

 
—

 
—

 
—

 
—

 
—

Projected benefit obligation at the end of the year
 
$
—

 
$
137,175

 
$
121,752

 
$
3,724

 
$
4,475

 
$
4,040

 
$
126,227

 
$
144,939

Change in plan assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets at the beginning of the year
 
$
97,211

 
$
97,304

 
$
3,719

 
$
3,115

 
$
3,629

 
$
2,999

 
$
104,559

 
$
103,418

Actual return on plan assets
 
(6,236
)
 
5,874

 
9,325

 
201

 
224

 
198

 
3,313

 
6,273

Employer contributions
 
1,525

 
2,610

 
1,800

 
680

 
—

 
514

 
3,325

 
3,804

Benefits paid
 
(3,574
)
 
(8,577
)
 
(3,097
)
 
(277
)
 
(75
)
 
(82
)
 
(6,746
)
 
(8,936
)
Pension settlement
 
(3,162
)
 
—

 
(22,100
)
 
—

 
—

 
—

 
(25,262
)
 
—

Other - Plan merger
 
(85,764
)
 
—

 
85,764

 
—

 
—

 
—

 
—

 
—

Fair value of plan assets at the end of the year
 
$
—

 
$
97,211

 
$
75,411

 
$
3,719

 
$
3,778

 
$
3,629

 
$
79,189

 
$
104,559

Funded status at end of year (underfunded) overfunded
 
$
—

 
$
(39,964
)
 
$
(46,341
)
 
$
(5
)
 
$
(697
)
 
$
(411
)
 
$
(47,038
)
 
$
(40,380
)
Amounts recognized in consolidated balance sheets
 
 
 
 
 
 
 
 
 
 
 
 
 

 

Non-current liabilities
 
—

 
(39,964
)
 
(46,341
)
 
(5
)
 
(697
)
 
(411
)
 
(47,038
)
 
(40,380
)
Total
 
$
—

 
$
(39,964
)
 
$
(46,341
)
 
$
(5
)
 
$
(697
)
 
$
(411
)
 
$
(47,038
)
 
$
(40,380
)
Amounts recognized in AOCI
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
—

 
51,079

 
50,080

 
1,788

 
565

 
218

 
50,645

 
53,085

Total AOCI (not adjusted for applicable tax)
 
$
—

 
$
51,079

 
$
50,080

 
$
1,788

 
$
565

 
$
218

 
$
50,645

 
$
53,085

Weighted average assumptions used to determine benefit obligations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
 
4.10
%
 
4.05
%
 
3.45
%
 
4.05
%
 
3.45
%
 
4.05
%
 
4.05
%
 
4.05
%
Rate of compensation increase
 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A
Schedule of Allocation of Plan Assets
Additional Disclosures
 
 
Farmer Bros. Plan
June 30,
 
Brewmatic Plan
June 30,
 
Hourly Employees’ Plan
June 30,
 
Total
($ in thousands)
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Comparison of obligations to plan assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Projected benefit obligation
 
$
—

 
$
137,175

 
$
121,752

 
$
3,724

 
$
4,475

 
$
4,040

 
$
126,227

 
$
144,939

Accumulated benefit obligation
 
$
—

 
$
137,175

 
$
121,752

 
$
3,724

 
$
4,475

 
$
4,040

 
$
126,227

 
$
144,939

Fair value of plan assets at measurement date
 
$
—

 
$
97,211

 
$
75,411

 
$
3,719

 
$
3,778

 
$
3,629

 
$
79,189

 
$
104,559

Plan assets by category
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity securities
 
$
—

 
$
63,547

 
$
48,464

 
$
2,431

 
$
2,440

 
$
2,341

 
$
50,904

 
$
68,319

Debt securities
 
—

 
27,608

 
22,461

 
1,056

 
1,100

 
1,065

 
23,561

 
29,729

Real estate
 
—

 
6,056

 
4,486

 
232

 
238

 
223

 
4,724

 
6,511

Total
 
$
—

 
$
97,211

 
$
75,411

 
$
3,719

 
$
3,778

 
$
3,629

 
$
79,189

 
$
104,559

Plan assets by category
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity securities
 
—
%
 
66
%
 
64
%
 
66
%
 
65
%
 
65
%
 
64
%
 
65
%
Debt securities
 
—
%
 
28
%
 
30
%
 
28
%
 
29
%
 
29
%
 
30
%
 
29
%
Real estate
 
—
%
 
6
%
 
6
%
 
6
%
 
6
%
 
6
%
 
6
%
 
6
%
Total
 
—
%
 
100
%
 
100
%
 
100
%
 
100
%
 
100
%
 
100
%
 
100
%

Fair values of plan assets were as follows:
 
 
 
As of June 30, 2019
(In thousands)
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Investments measured at NAV
Brewmatic Plan
 
$
75,411

 
$
—

 
$
—

 
$
—

 
$
75,411

Hourly Employees’ Plan
 
$
3,778

 
$
—

 
$
—

 
$
—

 
$
3,778

 
 
As of June 30, 2018
(In thousands)
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Investments measured at NAV
Farmer Bros. Plan
 
$
97,211

 
$
—

 
$
—

 
$
—

 
$
97,211

Brewmatic Plan
 
$
3,719

 
$
—

 
$
—

 
$
—

 
$
3,719

Hourly Employees’ Plan
 
$
3,629

 
$
—

 
$
—

 
$
—

 
$
3,629


The following is the target asset allocation for the Company's single employer pension plans— Brewmatic Plan and Hourly Employees' Plan—for fiscal 2020:
 
Fiscal 2020
U.S. large cap equity securities
37.0
%
U.S. small cap equity securities
4.6
%
International equity securities
22.4
%
Debt securities
30.0
%
Real estate
6.0
%
Total
100.0
%
Schedule of Expected Benefit Payments
The estimated net gain and prior service credit that will be amortized from AOCI into net periodic benefit cost in fiscal 2020 are $0.6 million and $1.6 million, respectively. 
(In thousands)
 
Estimated Future Benefit Payments:
 
Year Ending:
 
June 30, 2020
$
1,087

June 30, 2021
$
1,138

June 30, 2022
$
1,173

June 30, 2023
$
1,220

June 30, 2024
$
1,248

June 30, 2025 to June 30, 2029
$
7,116

 
 
Expected Contributions:
 
June 30, 2020
$
1,087

The following benefit payments are expected to be paid over the next 10 fiscal years:
(In thousands)
 
 
Brewmatic Plan
 
Hourly Employees’
Plan
Year Ending:
 
 
June 30, 2020
 
 
$
6,720

 
$
130

June 30, 2021
 
 
$
6,550

 
$
150

June 30, 2022
 
 
$
6,770

 
$
160

June 30, 2023
 
 
$
6,940

 
$
180

June 30, 2024
 
 
$
7,060

 
$
190

June 30, 2025 to June 30, 2029
 
 
$
35,450

 
$
1,100
Schedule of Multiemployer Plans
Contributions made by the Company to the multiemployer pension plans are as follows:
(In thousands)
 
WCTPP(1)(2)(3)
 
All Other Plans(4)
Year Ended:
 
 
 
 
June 30, 2019
 
$
3,634

 
$
39

June 30, 2018
 
$
1,605

 
$
35

June 30, 2017
 
$
2,114

 
$
39

____________
(1)
Individually significant plan.
(2)
Less than 5% of total contribution to WCTPP based on WCTPP's FASB Disclosure Statement for the calendar year ended December 31, 2018.
(3)
The Company guarantees that one hundred seventy-three (173) hours will be contributed upon for all employees who are compensated for all available straight time hours for each calendar month. An additional 6.5% of the basic contribution must be paid for PEER or the Program for Enhanced Early Retirement.
(4)
Includes one plan that is not individually significant.
Schedule of Net Benefit Costs
The following table shows the components of net periodic postretirement benefit cost for the Retiree Medical Plan and Death Benefit for the fiscal years ended June 30, 2019, 2018 and 2017. Net periodic postretirement benefit cost for fiscal 2019 was based on employee census information as of June 30, 2019. 
 
 
Year Ended June 30,
(In thousands)
 
2019
 
2018
 
2017
Components of Net Periodic Postretirement Benefit Cost (Credit):
 
 
 
 
 
 
Service cost
 
$
530

 
$
609

 
$
760

Interest cost
 
887

 
835

 
829

Amortization of net gain
 
(834
)
 
(841
)
 
(630
)
Amortization of prior service credit
 
(1,757
)
 
(1,757
)
 
(1,757
)
Net periodic postretirement benefit (credit) cost
 
$
(1,174
)
 
$
(1,154
)
 
$
(798
)
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)
 
 
Year Ended June 30,
(In thousands)
 
2019
 
2018
Other Changes in Plan Assets and Benefit Obligations Recognized in OCI:
 
 
 
 
Unrecognized actuarial gains (loss)
 
$
2,010

 
$
(70
)
Amortization of net loss
 
835

 
840

Amortization of prior service cost
 
1,757

 
1,757

Total recognized in OCI
 
4,602

 
2,527

Net periodic benefit cost
 
(1,174
)
 
(1,154
)
Total recognized in net periodic benefit credit and OCI
 
$
3,428

 
$
1,373

Components of Net Periodic Benefit Cost and
Other Changes Recognized in Other Comprehensive Income (Loss) (OCI) 

 
 
Farmer Bros. Plan
June 30,
 
Brewmatic Plan
June 30,
 
Hourly Employees’ Plan
June 30,
 
Total
($ in thousands)
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Components of net periodic benefit cost
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest cost
 
2,722

 
5,417

 
2,339

 
149

 
161

 
163

 
5,222

 
5,729

Expected return on plan assets
 
(2,767
)
 
(5,490
)
 
(2,257
)
 
(161
)
 
(222
)
 
(173
)
 
(5,246
)
 
(5,824
)
Amortization of net loss
 
710

 
1,588

 
796

 
80

 
—

 
6

 
1,506

 
1,674

Pension settlement charge
 
1,356

 
—

 
9,586

 
—

 
—

 
—

 
10,942

 
—

Net periodic benefit cost
 
$
2,021

 
$
1,515

 
$
10,464

 
$
68

 
$
(61
)
 
$
(4
)
 
$
12,424

 
$
1,579

Other changes recognized in OCI
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
7,433

 
$
(6,340
)
 
$
1,413

 
$
(267
)
 
$
347

 
$
(394
)
 
$
9,193

 
$
(7,001
)
Prior service cost (credit)
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Amortization of net loss
 
(710
)
 
(1,588
)
 
(796
)
 
(80
)
 
—

 
(6
)
 
(1,506
)
 
(1,674
)
Pension settlement charge
 
(1,356
)
 
—

 
(9,586
)
 
—

 
—

 
—

 
(10,942
)
 
—

Allocation of net Loss - Plan merger
 
(56,446
)
 
—

 
56,446

 
—

 
—

 
—

 
—

 
—

Net loss due to annuity purchase
 
—

 
—

 
814

 
—

 
—

 
—

 
814

 
—

Total recognized in OCI
 
$
(51,079
)
 
$
(7,928
)
 
$
48,291

 
$
(347
)
 
$
347

 
$
(400
)
 
$
(2,441
)
 
$
(8,675
)
Total recognized in net periodic benefit cost and OCI
 
$
(49,058
)
 
$
(6,413
)
 
$
58,755

 
$
(279
)
 
$
286

 
$
(404
)
 
$
9,983

 
$
(7,096
)
Weighted-average assumptions used to determine net periodic benefit cost
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
 
4.05
%
 
3.80
%
 
4.10
%
 
3.80
%
 
4.05
%
 
3.80
%
 
4.05
%
 
3.80
%
Expected long-term return on plan assets
 
—
%
 
6.75
%
 
6.75
%
 
6.75
%
 
6.75
%
 
6.75
%
 
6.75
%
 
6.75
%
Rate of compensation increase
 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

The following tables provide a reconciliation of the benefit obligation and plan assets: 
 
 
As of June 30,
(In thousands)
 
2019
 
2018
Change in Benefit Obligation:
 
 
 
 
Projected postretirement benefit obligation at beginning of year
 
$
21,283

 
$
20,680

Service cost
 
530

 
609

Interest cost
 
887

 
835

Participant contributions
 
605

 
699

Actuarial gains (losses)
 
2,010

 
(70
)
Benefits paid
 
(1,223
)
 
(1,470
)
Projected postretirement benefit obligation at end of year
 
$
24,092

 
$
21,283

 
 
 
Year Ended June 30,
(In thousands)
 
2019
 
2018
Change in Plan Assets:
 
 
 
 
Fair value of plan assets at beginning of year
 
$
—

 
$
—

Employer contributions
 
618

 
771

Participant contributions
 
605

 
699

Benefits paid
 
(1,223
)
 
(1,470
)
Fair value of plan assets at end of year
 
$
—

 
$
—

Projected postretirement benefit obligation at end of year
 
24,092

 
21,283

Funded status of plan
 
$
(24,092
)
 
$
(21,283
)
 
 
 
June 30,
(In thousands)
 
2019
 
2018
Amounts Recognized in the Consolidated Balance Sheets Consist of:
 
 
 
 
Current liabilities
 
$
(1,068
)
 
$
(810
)
Non-current liabilities
 
(23,024
)
 
(20,473
)
Total
 
$
(24,092
)
 
$
(21,283
)
 
 
 
Year Ended June 30,
(In thousands)
 
2019
 
2018
Amounts Recognized in AOCI Consist of:
 
 
 
 
Net gain
 
$
(5,160
)
 
$
(8,005
)
Prior service credit
 
(6,936
)
 
(8,693
)
Total AOCI
 
$
(12,096
)
 
$
(16,698
)
Postretrement Prior Service Cost
The tables below show the remaining bases for the transition (asset) obligation, prior service cost (credit), and the calculation of the amortizable gain or loss. 
Amortization Schedule
 
 
Transition (Asset) Obligation: The transition (asset) obligations have been fully amortized.
Prior service cost (credit)-Medical only ($ in thousands): 
Date Established
 
Balance at
July 1, 2019
 
Annual
Amortization
 
Years Remaining
 
January 1, 2008
 
$
(41
)
 
$
41

 
0.2
 
July 1, 2012
 
(6,895
)
 
1,527

 
4.5
 
 
 
$
(6,936
)
 
$
1,568

 
 
 

 
 
Retiree Medical Plan
 
Death Benefit
 
 
Year Ended June 30,
 
Year Ended June 30,
($ in thousands)
 
2019
 
2018
 
2019
 
2018
Amortization of Net (Gain) Loss:
 
 
 
 
 
 
 
 
Net (gain) loss as of July 1
 
$
(7,039
)
 
$
(9,206
)
 
$
1,878

 
$
1,201

Net (gain) loss subject to amortization
 
(7,039
)
 
(9,206
)
 
1,878

 
1,201

Corridor (10% of greater of APBO or assets)
 
1,490

 
1,280

 
919

 
(848
)
Net (gain) loss in excess of corridor
 
$
(5,549
)
 
$
(7,926
)
 
$
2,797

 
$
353

Amortization years
 
8.6

 
8.9

 
6.5

 
6.4
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates
A one percentage point change in assumed health care cost trend rates would have the following effects in fiscal 2020: 
 
 
1-Percentage Point
(In thousands)
 
Increase
 
Decrease
Effect on total of service and interest cost components
 
$
67

 
$
(58
)
Effect on accumulated postretirement benefit obligation
 
$
814

 
$
(745
)