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Revenue Recognition
 12 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Recognition
Note 20. Revenue Recognition
The Company’s primary sources of revenue are sales of coffee, tea and culinary products. The Company recognizes revenue when control of the promised good or service is transferred to the customer and in amounts that the Company expects to collect. The timing of revenue recognition takes into consideration the various shipping terms applicable to the Company’s sales.
The Company delivers products to customers primarily through two methods, DSD to the Company’s customers at their place of business and direct ship from the Company’s warehouse to the customer’s warehouse or facility. Each delivery or shipment made to a third party customer is to satisfy a performance obligation. Performance obligations generally occur at a point in time and are satisfied when control of the goods passes to the customer. The Company is entitled to collection of the sales price under normal credit terms in the regions in which it operates.
The Company disaggregates net sales from contracts with customers based on the characteristics of the products sold:
For the Years Ended June 30,
202320222021
(In thousands)$% of total$% of total$% of total
Net Sales by Product Category:
Coffee (Roasted)$160,009 31.9 %$151,843 32.4 %$131,788 33.1 %
Tea & Other Beverages (1)88,241 17.6 %80,547 17.2 %64,968 16.3 %
Culinary64,429 12.9 %55,782 11.9 %44,356 11.1 %
Spices23,502 4.7 %22,248 4.7 %18,680 4.7 %
Delivery Surcharge3,783 0.8 %4,363 0.9 %2,119 0.6 %
Net sales from continuing operations 339,964 67.9 %314,783 67.1 %261,911 65.8 %
Net sales from discontinued operations160,977 32.1 %154,410 32.9 %135,939 34.2 %
Net sales by product category$500,941 100.0 %$469,193 100.0 %$397,850 100.0 %
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(1)Includes all beverages other than roasted coffee, including frozen liquid coffee, and iced and hot tea, including cappuccino, cocoa, granitas, and concentrated and ready-to drink cold brew and iced coffee.
The Company does not have any material contract assets and liabilities as of June 30, 2023. Receivables from contracts with customers are included in “Accounts receivable, net” on the Company’s consolidated balance sheets. At June 30, 2023, and 2022, “Accounts receivable, net” included, $42.9 million, and $44.2 million respectively, in receivables from contracts with customers