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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2024
Fair Value Measurements |
Summary of the fair value of financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2024
(Thousands) | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Total
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Green coffee associated with forward contracts | ​ | $ | — | ​ | $ | 34,818 | ​ | $ | — | ​ | $ | 34,818
Coffee futures contracts | ​ | ​ | 3,924 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,924
Options contracts | ​ | ​ | 712 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 712
Forward purchase and sales contracts | ​ | ​ | — | ​ | ​ | 13,115 | ​ | ​ | — | ​ | ​ | 13,115
Total | ​ | $ | 4,636 | ​ | $ | 47,933 | ​ | $ | — | ​ | $ | 52,569
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Forward purchase and sales contracts | ​ | ​ | — | ​ | ​ | 5,044 | ​ | ​ | — | ​ | ​ | 5,044
Westrock Public Warrants | ​ | ​ | 38,002 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 38,002
Westrock Private Warrants | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,146 | ​ | ​ | 5,146
Total | ​ | $ | 38,002 | ​ | $ | 5,044 | ​ | $ | 5,146 | ​ | $ | 48,192
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023
(Thousands) | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Total
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Green coffee associated with forward contracts | ​ | $ | — | ​ | $ | 33,447 | ​ | $ | — | ​ | $ | 33,447
Coffee futures contracts | ​ | ​ | 3,355 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,355
Forward purchase and sales contracts | ​ | ​ | — | ​ | ​ | 10,303 | ​ | ​ | — | ​ | ​ | 10,303
Total | ​ | $ | 3,355 | ​ | $ | 43,750 | ​ | $ | — | ​ | $ | 47,105
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Forward purchase and sales contracts | ​ | ​ | — | ​ | ​ | 3,731 | ​ | ​ | — | ​ | ​ | 3,731
Westrock Public Warrants | ​ | ​ | 39,371 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 39,371
Westrock Private Warrants | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,430 | ​ | ​ | 5,430
Total | ​ | $ | 39,371 | ​ | $ | 3,731 | ​ | $ | 5,430 | ​ | $ | 48,532
Schedule of change in fair value | ​
​ | ​ | ​ | ​
​ | ​ | Westrock
(Thousands) |  | Private Warrants
Fair value as of December 31, 2023 | ​ | $ | 5,430
Change in fair value | ​ | ​ | (284)
Fair value as of June 30, 2024 | ​ | $ | 5,146
Schedule of unobservable inputs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2024 |  | December 31, 2023
Stock price | ​ | $ | 10.23 | ​ | $ | 10.21
Exercise price | ​ | ​ | 11.50 | ​ | ​ | 11.50
Expected term (years) | ​ | ​ | 5.00 | ​ | ​ | 5.00
Expected volatility | ​ | ​ | 34.20% | ​ | ​ | 33.80%
Risk-free rate of return | ​ | ​ | 4.45% | ​ | ​ | 3.91%
Dividend yield | ​ | ​ | 0.00% | ​ | ​ | 0.00%

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- Definition Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 + 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://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + 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 -Topic 820 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/820/tableOfContent + Details
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