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Derivative Financial Instruments (Tables) | 6 Months Ended
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Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Notional Volumes for Coffee Related Derivatives | The following table summarizes the notional volumes for the coffee-related derivative instruments held by the Company at December 31, 2015 and June 30, 2015:
(In thousands) |  | December 31, 2015 |  | June 30, 2015
Derivative instruments designated as cash flow hedges: |  |  |  |
Long coffee pounds |  | 39,675 |  |  | 32,288 |
Derivative instruments not designated as cash flow hedges: |  |  |  |
Long coffee pounds |  | 1,419 |  |  | 1,954 |
Total |  | 41,094 |  |  | 34,242 |
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheets | Fair values of derivative instruments on the Company's consolidated balance sheets:
|  | Derivative Instruments Designated as Cash Flow Hedges |  | Derivative Instruments Not Designated as Accounting Hedges
|  | December 31, |  | June 30, |  | December 31, |  | June 30,
(In thousands) |  | 2015 |  | 2015 |  | 2015 |  | 2015
Financial Statement Location: |  |  |  |  |  |  |  |
Short-term derivative assets(1): |  |  |  |  |  |  |  |
Coffee-related derivative instruments |  | $ | 581 |  |  | $ | 128 |  |  | $ | 24 |  |  | $ | 25 |
Long-term derivative assets(1): |  |  |  |  |  |  |  |
Coffee-related derivative instruments |  | $ | 286 |  |  | $ | 136 |  |  | $ | 11 |  |  | $ | 2 |
Short-term derivative liabilities(1): |  |  |  |  |  |  |  |
Coffee-related derivative instruments |  | $ | 560 |  |  | $ | 4,128 |  |  | $ | 125 |  |  | $ | 2 |
Long-term derivative liabilities(2): |  |  |  |  |  |  |  |
Coffee-related derivative instruments |  | $ | 421 |  |  | $ | 163 |  |  | $ | — |  |  | $ | — |
____________ (1) Included in "Short-term derivative liabilities" on the Company's consolidated balance sheets.
Schedule of Pretax Effect of Derivative Instruments on Earnings and OCI | The following table presents pretax net gains and losses for the Company's coffee-related derivative instruments designated as cash flow hedges, as recognized in "AOCI," "Cost of goods sold" and "Other, net":
|  | Three Months Ended December 31, |  | Six Months Ended December 31, |  | Financial Statement Classification
(In thousands) |  | 2015 |  | 2014 |  | 2015 |  | 2014 |
Net gains (losses) recognized in accumulated other comprehensive (loss) income (effective portion) |  | $ | 310 |  |  | $ | (5,915 | ) |  | $ | (4,330 | ) |  | $ | (2,583 | ) |  | AOCI
Net (losses) gains recognized in earnings (effective portion) |  | $ | (3,859 | ) |  | $ | 5,132 |  |  | $ | (8,827 | ) |  | $ | 9,842 |  |  | Cost of goods sold
Net losses recognized in earnings (ineffective portion) |  | $ | (128 | ) |  | $ | (119 | ) |  | $ | (484 | ) |  | $ | (170 | ) |  | Other, net
Schedule of Net Realized and Unrealized Gains and Losses Recorded in 'Other, net' | Net gains and losses recorded in "Other, net" are as follows:
|  | Three Months Ended December 31, |  | Six Months Ended December 31,
(In thousands) |  | 2015 |  | 2014 |  | 2015 |  | 2014
Net gains (losses) on coffee-related derivative instruments |  | $ | 32 |  |  | $ | (904 | ) |  | $ | (695 | ) |  | $ | (855 | )
Net gains on investments |  | 265 |  |  | 205 |  |  | 118 |  |  | 15 |
Net gains (losses) on derivative instruments and investments(1) |  | 297 |  |  | (699 | ) |  | (577 | ) |  | (840 | )
Other gains (losses), net |  | — |  |  | 169 |  |  | (1 | ) |  | 246 |
Other, net |  | $ | 297 |  |  | $ | (530 | ) |  | $ | (578 | ) |  | $ | (594 | )
_______________
(1) | Excludes net (losses) gains on coffee-related derivative instruments designated as cash flow hedges recorded in cost of goods sold in the three and six months ended December 31, 2015 and 2014.
Schedule of Offsetting Derivative Assets and Liabilities | Offsetting of Derivative Assets and Liabilities The Company has agreements in place that allow for the financial right of offset for derivative assets and liabilities at settlement or in the event of default under the agreements. Additionally, the Company maintains accounts with its brokers to facilitate financial derivative transactions in support of its risk management activities. Based on the value of the Company’s positions in these accounts and the associated margin requirements, the Company may be required to deposit cash into these broker accounts. The following table presents the Company’s net exposure from its offsetting derivative asset and liability positions, as well as cash collateral on deposit with its counterparty as of the reporting dates indicated:
(In thousands) |  |  |  | Gross Amount Reported on Balance Sheet |  | Netting Adjustments |  | Cash Collateral Posted |  | Net Exposure
December 31, 2015 |  | Derivative assets |  | $ | 902 |  |  | $ | (717 | ) |  | $ | — |  |  | $ | 185 |
|  | Derivative liabilities |  | $ | 1,106 |  |  | $ | (717 | ) |  | $ | — |  |  | $ | 389 |
June 30, 2015 |  | Derivative assets |  | $ | 291 |  |  | $ | (291 | ) |  | $ | — |  |  | $ | — |
|  | Derivative liabilities |  | $ | 4,292 |  |  | $ | (291 | ) |  | $ | 1,001 |  |  | $ | 3,000 |

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