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Derivative Instruments (Tables) | 6 Months Ended
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Dec. 31, 2018
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, 2018 and June 30, 2018:
(In thousands) |  | December 31, 2018 |  | June 30, 2018
Derivative instruments designated as cash flow hedges: |  |  |  |
Long coffee pounds |  | 31,350 |  |  | 40,913 |
Derivative instruments not designated as cash flow hedges: |  |  |  |
Long coffee pounds |  | 7,145 |  |  | 2,546 |
Total |  | 38,495 |  |  | 43,459 |
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, 2018 |  | June 30, 2018 |  | December 31, 2018 |  | June 30, 2018
(In thousands) |  |  |  |  |  |  |  |
Financial Statement Location: |  |  |  |  |  |  |  |
Short-term derivative assets(1): |  |  |  |  |  |  |  |
Coffee-related derivative instruments |  | $ | 5 |  |  | $ | — |  |  | $ | 12 |  |  | $ | — |
Short-term derivative liabilities(1): |  |  |  |  |  |  |  |
Coffee-related derivative instruments |  | $ | 2,661 |  |  | $ | 3,081 |  |  | $ | 1,557 |  |  | $ | 219 |
Long-term derivative liabilities(2): |  |  |  |  |  |  |  |
Coffee-related derivative instruments |  | $ | 322 |  |  | $ | 386 |  |  | $ | — |  |  | $ | — |
________________ (1) Included in “Short-term derivative liabilities” on the Company’s condensed consolidated balance sheets. (2) Included in “Other long-term liabilities” on the Company’s condensed consolidated balance sheets.
Schedule of Pretax Effect of Derivative Instruments on Earnings and OCI | The following table presents pretax net gains and losses on coffee-related derivative instruments designated as cash flow hedges, as recognized in accumulated other comprehensive income (loss) “AOCI” and “Cost of goods sold” (prior period amounts have been retrospectively adjusted to reflect the impact of certain changes in accounting principles and corrections to previously issued financial statements as described in Note 3).
|  | Three Months Ended December 31, |  | Six Months Ended December 31, |  | Financial Statement Classification
(In thousands) |  | 2018 |  | 2017 |  | 2018 |  | 2017 |
Net gains (losses) recognized in AOCI |  | $ | 1,005 |  |  | $ | (2,094 | ) |  | $ | (7,188 | ) |  | $ | (2,453 | ) |  | AOCI
Net losses recognized in earnings |  | $ | (2,217 | ) |  | $ | (105 | ) |  | $ | (4,179 | ) |  | $ | 1,161 |  |  | Costs of goods sold
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) |  | 2018 |  | 2017 |  | 2018 |  | 2017
Net losses on coffee-related derivative instruments(1) |  | $ | (920 | ) |  | $ | (190 | ) |  | $ | (2,025 | ) |  | $ | (93 | )
Net gains on investments |  | — |  |  | 16 |  |  | — |  |  | 7 |
Non-operating pension and other postretirement benefit plans cost(2) |  | 1,763 |  |  | 1,663 |  |  | 3,526 |  |  | 3,326 |
Other gains, net |  | 110 |  |  | 728 |  |  | 109 |  |  | 727 |
Other, net |  | $ | 953 |  |  | $ | 2,217 |  |  | $ | 1,610 |  |  | $ | 3,967 |
___________ (1) Excludes net gains and 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, 2018 and 2017. (2) Presented in accordance with newly implemented ASU 2017-07. See Note 2.
Schedule of Offsetting Assets | 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 counterparties as of the reporting dates indicated:
(In thousands) |  |  |  | Gross Amount Reported on Balance Sheet |  | Netting Adjustments |  | Cash Collateral Posted |  | Net Exposure
December 31, 2018 |  | Derivative Assets |  | $ | 17 |  |  | $ | (17 | ) |  | $ | — |  |  | $ | — |
|  | Derivative Liabilities |  | $ | 4,540 |  |  | $ | 17 |  |  | $ | — |  |  | $ | 4,557 |
June 30, 2018 |  | Derivative Assets |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | Derivative Liabilities |  | $ | 3,686 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,686 |
Schedule of Offsetting Liabilities | 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 counterparties as of the reporting dates indicated:
(In thousands) |  |  |  | Gross Amount Reported on Balance Sheet |  | Netting Adjustments |  | Cash Collateral Posted |  | Net Exposure
December 31, 2018 |  | Derivative Assets |  | $ | 17 |  |  | $ | (17 | ) |  | $ | — |  |  | $ | — |
|  | Derivative Liabilities |  | $ | 4,540 |  |  | $ | 17 |  |  | $ | — |  |  | $ | 4,557 |
June 30, 2018 |  | Derivative Assets |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | Derivative Liabilities |  | $ | 3,686 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,686 |

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