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v3.22.2.2

Fair Value Measurements (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2022 | Dec. 31, 2021
Fair Value Measurements |  |
Summarizes the fair value of financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2022
(Thousands) | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Total
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Green coffee associated with forward contracts | ​ | $ | — | ​ | $ | 51,323 | ​ | $ | — | ​ | $ | 51,323
Coffee futures contracts | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Forward purchase and sales contracts | ​ | ​ | — | ​ | ​ | 13,393 | ​ | ​ | — | ​ | ​ | 13,393
Coffee options | ​ | ​ | 303 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 303
Total | ​ | $ | 303 | ​ | $ | 64,716 | ​ | $ | — | ​ | $ | 65,019
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Coffee futures contracts | ​ | $ | 703 | ​ | $ | — | ​ | $ | — | ​ | $ | 703
Forward purchase and sales contracts | ​ | ​ | — | ​ | ​ | 4,654 | ​ | ​ | — | ​ | ​ | 4,654
Coffee options | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Westrock Public Warrants | ​ | ​ | 18,125 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 18,125
Westrock Private Warrants | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 14,208 | ​ | ​ | 14,208
Total | ​ | $ | 18,828 | ​ | $ | 4,654 | ​ | $ | 14,208 | ​ | $ | 37,690
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021
(Thousands) | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Total
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Green coffee associated with forward contracts | ​ | $ | — | ​ | $ | 47,845 | ​ | $ | — | ​ | $ | 47,845
Coffee futures contracts | ​ | ​ | 172 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 172
Forward purchase and sales contracts | ​ | ​ | — | ​ | ​ | 13,593 | ​ | ​ | — | ​ | ​ | 13,593
Coffee options | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total | ​ | $ | 172 | ​ | $ | 61,438 | ​ | $ | — | ​ | $ | 61,610
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Forward purchase and sales contracts | ​ | $ | — | ​ | $ | 14,021 | ​ | $ | — | ​ | $ | 14,021
Total | ​ | $ | — | ​ | $ | 14,021 | ​ | $ | — | ​ | $ | 14,021
| ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2021
(Thousands) | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Total
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Green coffee associated with forward contracts | ​ | $ | — | ​ | $ | 47,845 | ​ | $ | — | ​ | $ | 47,845
Coffee futures contracts | ​ | ​ | 172 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 172
Forward sales contracts | ​ | ​ | — | ​ | ​ | 13,593 | ​ | ​ | — | ​ | ​ | 13,593
Coffee options | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total | ​ | $ | 172 | ​ | $ | 61,438 | ​ | $ | — | ​ | $ | 61,610
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Forward purchase contracts | ​ | $ | — | ​ | $ | 14,021 | ​ | $ | — | ​ | $ | 14,021
Total | ​ | $ | — | ​ | $ | 14,021 | ​ | $ | — | ​ | $ | 14,021
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2020
(Thousands) | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Total
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Green coffee associated with forward contracts | ​ | $ | — | ​ | $ | 26,212 | ​ | $ | — | ​ | $ | 26,212
Coffee futures contracts | ​ | ​ | 2,091 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,091
Forward sales contracts | ​ | ​ | — | ​ | ​ | 9,526 | ​ | ​ | — | ​ | ​ | 9,526
Coffee options | ​ | ​ | 646 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 646
Total | ​ | $ | 2,737 | ​ | $ | 35,738 | ​ | $ | — | ​ | $ | 38,475
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Forward purchase contracts | ​ | $ | — | ​ | $ | 3,397 | ​ | $ | — | ​ | $ | 3,397
Total | ​ | $ | — | ​ | $ | 3,397 | ​ | $ | — | ​ | $ | 3,397
Schedule of change in fair value | ​
​ | ​ | ​ | ​
(Thousands) |  | Westrock Private Warrants
Fair value as of January 1, 2022 | ​ | $ | —
Assumption of warrants | ​ | ​ | 11,618
Change in fair value | ​ | ​ | 2,590
Fair value as of September 30, 2022 | ​ | $ | 14,208
Schedule of warrants measured at fair value | ​
​ | ​ | ​ | ​
​ |  | September 30, 2022
Stock price | ​ | $ | 10.33
Exercise price | ​ | ​ | 11.50
Expected term (years) | ​ | ​ | 5.00
Expected volatility | ​ | ​ | 16.50%
Risk-free rate of return | ​ | ​ | 4.03%
Dividend yield | ​ | ​ | 0.00%

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI https://asc.fasb.org/extlink&oid=126976982&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 + Details
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- Definition The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -URI https://asc.fasb.org/topic&trid=2155941 + Details
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