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Inventories | 12 Months Ended
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Jun. 30, 2013
Inventory Disclosure [Abstract] |
Inventory Disclosure | Inventories
June 30, 2013 |  | Processed |  | Unprocessed |  | Total
|  | (In thousands)
Coffee |  | $ | 12,553 |  |  | $ | 12,796 |  |  | $ | 25,349 |
Tea and culinary products |  | 21,406 |  |  | 4,194 |  |  | 25,600 |
Coffee brewing equipment |  | 5,144 |  |  | 4,774 |  |  | 9,918 |
|  | $ | 39,103 |  |  | $ | 21,764 |  |  | $ | 60,867 |
|  | Processed |  | Unprocessed |  | Total
June 30, 2012 |  | (In thousands)
Coffee |  | $ | 15,485 |  |  | $ | 11,836 |  |  | $ | 27,321 |
Tea and culinary products |  | 24,502 |  |  | 4,817 |  |  | 29,319 |
Coffee brewing equipment |  | 3,977 |  |  | 5,364 |  |  | 9,341 |
|  | $ | 43,964 |  |  | $ | 22,017 |  |  | $ | 65,981 |
Current cost of coffee, tea and culinary inventories exceeds the LIFO cost by:
|  | June 30,
(In thousands) |  | 2013 |  | 2012
Coffee |  | $ | 27,755 |  |  | $ | 34,844 |
Tea and culinary products |  | 7,757 |  |  | 7,239 |
Total |  | $ | 35,512 |  |  | $ | 42,083 |
In fiscal 2013, as a result of optimizing and simplifying its product portfolio and discontinuing over 800 SKU's, the Company established a reserve for slow-moving and obsolete inventory in the amount of $0.7 million. In fiscal 2013 and 2012, certain inventory quantities were reduced. This reduction resulted in the liquidation of LIFO inventory quantities carried at lower costs prevailing in prior years. The beneficial effect of this liquidation of LIFO inventory quantities reduced cost of goods sold and net loss for fiscal 2013, 2012 and 2011 by $1.1 million, $14.2 million and $1.1 million, respectively.

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- Definition The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Section A -Paragraph 9 -Chapter 3 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.6) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 6 -Subparagraph a, b, c -Article 5 + Details
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