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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2022
Fair Value Measurements |
Summary of the fair value of financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022
(Thousands) | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Total
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Green coffee associated with forward contracts | ​ | $ | — | ​ | $ | 39,928 | ​ | $ | — | ​ | $ | 39,928
Forward purchase and sales contracts | ​ | ​ | — | ​ | ​ | 15,053 | ​ | ​ | — | ​ | ​ | 15,053
Total | ​ | $ | — | ​ | $ | 54,981 | ​ | $ | — | ​ | $ | 54,981
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Coffee futures contracts | ​ | $ | 3,334 | ​ | $ | — | ​ | $ | — | ​ | $ | 3,334
Forward purchase and sales contracts | ​ | ​ | — | ​ | ​ | 4,258 | ​ | ​ | — | ​ | ​ | 4,258
Westrock Public Warrants | ​ | ​ | 27,179 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 27,179
Westrock Private Warrants | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 28,342 | ​ | ​ | 28,342
Total | ​ | $ | 30,513 | ​ | $ | 4,258 | ​ | $ | 28,342 | ​ | $ | 63,113
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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
Total | ​ | $ | 172 | ​ | $ | 61,438 | ​ | $ | — | ​ | $ | 61,610
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Forward purchase and sales contracts | ​ | $ | — | ​ | $ | 14,021 | ​ | $ | — | ​ | $ | 14,021
Total | ​ | $ | — | ​ | $ | 14,021 | ​ | $ | — | ​ | $ | 14,021
Schedule of change in fair value | ​
​ | ​ | ​ | ​
​ | ​ | Westrock
(Thousands) |  | Private Warrants
Fair value as of January 1, 2022 | ​ | $ | —
Assumption of warrants | ​ | ​ | 11,618
Change in fair value | ​ | ​ | 16,724
Fair value as of December 31, 2022 | ​ | $ | 28,342
​
Schedule of unobservable inputs | ​
​ | ​ | ​ | ​
​ |  | December 31, 2022
Stock price | ​ | $ | 13.36
Exercise price | ​ | ​ | 11.50
Expected term (years) | ​ | ​ | 5.00
Expected volatility | ​ | ​ | 7.74%
Risk-free rate of return | ​ | ​ | 3.99%
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 input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + 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 (bbb) -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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