Revenue Recognition Revenue Recognition

6 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

The Company’s primary sources of revenue are sales of coffee, tea and culinary products. The Company recognizes revenue when control of the promised good or service is transferred to the customer and in amounts that the Company expects to collect. The timing of revenue recognition takes into consideration the various shipping terms applicable to the Company’s sales.

The Company delivers products to customers through Direct-store-delivery (“DSD”) to the Company’s customers at their place of business and direct ship from the Company’s warehouse to the customer’s warehouse, facility or address. Each delivery or shipment made to a third party customer is to satisfy a performance obligation. Performance obligations generally occur at a point in time and are satisfied when control of the goods passes to the customer. The Company is entitled to collection of the sales price under normal credit terms in the regions in which it operates.

The Company disaggregates net sales from contracts with customers based on the characteristics of the products sold:


	Three Months Ended December 31,								Six Months Ended December 31,
	2020				2019				2020				2019
(In thousands)	$		% of total		$		% of total		$		% of total		$		% of total
Net Sales by Product Category:
Coffee (Roasted)	$	69,427	66.4	%	$	96,177	63.1	%	$	135,581	67.2	%	$	183,547	63.1	%
Coffee (Frozen Liquid)	4,077		3.9	%	8,556		5.6	%	6,621		3.3	%	16,484		5.7	%
Tea (Iced & Hot)	4,895		4.7	%	7,563		5.0	%	6,525		3.2	%	15,268		5.2	%
Culinary	11,497		11.0	%	15,158		10.0	%	21,920		10.9	%	29,361		10.1	%
Spice	4,264		4.1	%	6,126		4.0	%	9,010		4.5	%	12,332		4.2	%
Other beverages(1)	10,143		9.6	%	17,299		11.3	%	21,498		10.6	%	30,032		10.3	%
Other revenues(2)	—		—	%	946		0.6	%	—		—	%	2,701		0.9	%
Net sales by product category	104,303		99.7	%	151,825		99.6	%	201,155		99.7	%	289,725		99.5	%
Fuel surcharge	268		0.3	%	673		0.4	%	686		0.3	%	1,373		0.5	%
Net sales	$	104,571	100.0	%	$	152,498	100.0	%	$	201,841	100.0	%	$	291,098	100.0	%

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(1)Includes all beverages other than roasted coffee, frozen liquid coffee, and iced and hot tea, including cappuccino, cocoa, granitas, and concentrated and ready-to drink cold brew and iced coffee.

(2)Represents revenues for certain transition services related to the sale of the Company’s office coffee assets.

The Company does not have any material contract assets and liabilities as of December 31, 2020. Receivables from contracts with customers are included in “Accounts receivable, net” on the Company’s condensed consolidated balance sheets. At December 31, 2020 and June 30, 2020, “Accounts receivable, net” included, $40.9 million and $40.7 million, respectively, in receivables from contracts with customers.