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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