XML 45 R31.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Derivative Instruments (Tables) | 6 Months Ended
--- | ---
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Notional Amounts of Outstanding Derivative Positions | The following table summarizes the notional volumes for the coffee-related derivative instruments held by the Company at December 31, 2017 and June 30, 2017:
(In thousands) |  | December 31, 2017 |  | June 30, 2017
Derivative instruments designated as cash flow hedges: |  |  |  |
Long coffee pounds |  | 31,763 |  |  | 33,038 |
Derivative instruments not designated as cash flow hedges: |  |  |  |
Long coffee pounds |  | 1,612 |  |  | 2,121 |
Total |  | 33,375 |  |  | 35,159 |
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheets | Fair values of derivative instruments on the Company’s Condensed Consolidated Balance Sheets:
|  | Derivative Instruments Designated as Cash Flow Hedges |  | Derivative Instruments Not Designated as Accounting Hedges
|  | December 31, 2017 |  | June 30, 2017 |  | December 31, 2017 |  | June 30, 2017
(In thousands) |  |  |  |  |  |  |  |
Financial Statement Location: |  |  |  |  |  |  |  |
Short-term derivative assets(1): |  |  |  |  |  |  |  |
Coffee-related derivative instruments |  | $ | 233 |  |  | $ | 66 |  |  | $ | 40 |  |  | $ | — |
Long-term derivative assets(2): |  |  |  |  |  |  |  |
Coffee-related derivative instruments |  | $ | 99 |  |  | $ | 66 |  |  | $ | — |  |  | $ | — |
Short-term derivative liabilities(1): |  |  |  |  |  |  |  |
Coffee-related derivative instruments |  | $ | 1,665 |  |  | $ | 1,733 |  |  | $ | 258 |  |  | $ | 190 |
Long-term derivative liabilities(2): |  |  |  |  |  |  |  |
Coffee-related derivative instruments |  | $ | — |  |  | $ | 446 |  |  | $ | — |  |  | $ | — |
________________ (1) Included in “Short-term derivative liabilities” on the Company’s Condensed Consolidated Balance Sheets. (2) Included in "Other assets" and “Other long-term liabilities” on the Company’s Condensed Consolidated Balance Sheets at December 31, 2017 and June 30, 2017, respectively.
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 accumulated other comprehensive income (loss) “AOCI,” “Cost of goods sold” and “Other, net”:
|  | Three Months Ended December 31, |  | Six Months Ended December 31, |  | Financial Statement Classification
(In thousands) |  | 2017 |  | 2016 |  | 2017 |  | 2016 |
Net losses recognized in AOCI |  | $ | (2,094 | ) |  | $ | (2,943 | ) |  | $ | (2,459 | ) |  | $ | (2,217 | ) |  | AOCI
Net (losses) gains recognized in earnings |  | $ | (597 | ) |  | $ | 215 |  |  | $ | (604 | ) |  | $ | (250 | ) |  | Costs of goods sold
Net (losses) gains recognized in earnings (ineffective portion)(1) |  | $ | — |  |  | $ | (41 | ) |  | $ | 48 |  |  | $ | (28 | ) |  | Other, net
________________ (1) Amount included in six months ended December 31, 2017 relates to trades terminated prior to the adoption of ASU 2017-12.
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) |  | 2017 |  | 2016 |  | 2017 |  | 2016
Net losses on coffee-related derivative instruments |  | $ | (190 | ) |  | $ | (1,204 | ) |  | $ | (93 | ) |  | $ | (1,240 | )
Net gains (losses) on investments |  | 16 |  |  | (1,320 | ) |  | 7 |  |  | (1,092 | )
Net losses on derivative instruments and investments(1) |  | (174 | ) |  | (2,524 | ) |  | (86 | ) |  | (2,332 | )
Other gains, net |  | 728 |  |  | 201 |  |  | 727 |  |  | 200 |
Other, net |  | $ | 554 |  |  | $ | (2,323 | ) |  | $ | 641 |  |  | $ | (2,132 | )
___________ (1) Excludes net losses 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, 2017 and 2016.
Schedule of Offsetting Assets | The following table presents the Company’s net exposure from its offsetting derivative asset and liability positions as of the reporting dates indicated:
(In thousands) |  |  |  | Gross Amount Reported on Balance Sheet |  | Netting Adjustments |  | Cash Collateral Posted |  | Net Exposure
December 31, 2017 |  | Derivative Assets |  | $ | 372 |  |  | $ | (372 | ) |  | $ | — |  |  | $ | — |
|  | Derivative Liabilities |  | $ | 1,923 |  |  | $ | (372 | ) |  | $ | — |  |  | $ | 1,551 |
June 30, 2017 |  | Derivative Assets |  | $ | 132 |  |  | $ | (132 | ) |  | $ | — |  |  | $ | — |
|  | Derivative Liabilities |  | $ | 2,369 |  |  | $ | (132 | ) |  | $ | — |  |  | $ | 2,237 |
Schedule of Offsetting Liabilities | The following table presents the Company’s net exposure from its offsetting derivative asset and liability positions as of the reporting dates indicated:
(In thousands) |  |  |  | Gross Amount Reported on Balance Sheet |  | Netting Adjustments |  | Cash Collateral Posted |  | Net Exposure
December 31, 2017 |  | Derivative Assets |  | $ | 372 |  |  | $ | (372 | ) |  | $ | — |  |  | $ | — |
|  | Derivative Liabilities |  | $ | 1,923 |  |  | $ | (372 | ) |  | $ | — |  |  | $ | 1,551 |
June 30, 2017 |  | Derivative Assets |  | $ | 132 |  |  | $ | (132 | ) |  | $ | — |  |  | $ | — |
|  | Derivative Liabilities |  | $ | 2,369 |  |  | $ | (132 | ) |  | $ | — |  |  | $ | 2,237 |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 + Details
Name: | us-gaap_OffsettingAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
Name: | us-gaap_OffsettingLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579245-113959 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration