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Derivative Instruments (Tables) | 3 Months Ended
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Sep. 30, 2021
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 September 30, 2021 and June 30, 2021:
(In thousands) |  | September 30, 2021 |  | June 30, 2021
Derivative instruments designated as cash flow hedges: |  |  |  |
Long coffee pounds |  | 16,369 |  |  | 14,625 |
Derivative instruments not designated as cash flow hedges: |  |  |  |
Long coffee pounds |  | 4,130 |  |  | 6,886 |
Total |  | 20,499 |  |  | 21,511 |
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
|  | September 30, 2021 |  | June 30, 2021 |  | September 30, 2021 |  | June 30, 2021
(In thousands) |  |  |  |  |  |  |  |
Financial Statement Location: |  |  |  |  |  |  |  |
Short-term derivative assets: |  |  |  |  |  |  |  |
Coffee-related derivative instruments(1) |  | $ | 7,000 |  |  | $ | 3,823 |  |  | $ | 1,798 |  |  | $ | 528 |
Long-term derivative assets: |  |  |  |  |  |  |  |
Coffee-related derivative instruments (2) |  | $ | 192 |  |  | $ | 292 |  |  | $ | — |  |  | $ | — |
Short-term derivative liabilities: |  |  |  |  |  |  |  |
Coffee-related derivative instruments |  | $ | 68 |  |  | $ | 20 |  |  | $ | 143 |  |  | $ | 3 |
Interest rate swap derivative instruments |  | $ | — |  |  | $ | — |  |  | $ | 1,518 |  |  | $ | 1,532 |
Long-term derivative liabilities: |  |  |  |  |  |  |  |
Coffee-related derivative instruments (3) |  | $ | 10 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest rate swap derivative instruments (3) |  | $ | — |  |  | $ | — |  |  | $ | 1,316 |  |  | $ | 1,653 |
________________ (1) Included in “Short-term derivative assets” on the Company’s condensed consolidated balance sheets. (2) Included in “Other assets” on the Company's condensed consolidated balance sheets. (3) 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 for the Company's derivative instruments designated as cash flow hedges, as recognized in “AOCI,” “Cost of goods sold” and “Other, net”.
|  | Three Months Ended September 30, |  |  |  | Financial Statement Classification
(In thousands) |  | 2021 |  | 2020 |  |  |  |  |
Net losses recognized in AOCI - Interest rate swap |  | $ | — |  |  | $ | (304) |  |  |  |  |  |  | AOCI
Net (losses) recognized from AOCI to earnings - Interest rate swap |  | $ | — |  |  | $ | (336) |  |  |  |  |  |  | Interest Expense
Net losses reclassified from AOCI to earnings for de-designated Interest rate swap |  | $ | (314) |  |  | $ | (339) |  |  |  |  |  |  | Interest Expense
Net gains (losses) recognized in AOCI - Coffee-related |  | $ | 5,859 |  |  | $ | 4,265 |  |  |  |  |  |  | AOCI
Net gains (losses) recognized in earnings - Coffee - related |  | $ | 1,920 |  |  | $ | 364 |  |  |  |  |  |  | Cost 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 September 30, |  |
(In thousands) |  | 2021 |  | 2020 |  |  |  |
Net gains on coffee-related derivative instruments(1) |  | $ | 1,550 |  |  | $ | 496 |  |  |  |  |
Non-operating pension and other postretirement benefits |  | 894 |  |  | 7,744 |  |  |  |  |
Other gains, net |  | — |  |  | 319 |  |  |  |  |
Other, net |  | $ | 2,444 |  |  | $ | 8,559 |  |  |  |  |
___________ (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 months ended September 30, 2021 and 2020.
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
September 30, 2021 |  | Derivative Assets |  | $ | 8,990 |  |  | $ | (222) |  |  | $ | — |  |  | $ | 8,768 |
|  | Derivative Liabilities |  | $ | 3,055 |  |  | $ | (222) |  |  | $ | — |  |  | $ | 2,833 |
June 30, 2021 |  | Derivative Assets |  | $ | 4,643 |  |  | $ | (23) |  |  | $ | — |  |  | $ | 4,620 |
|  | Derivative Liabilities |  | $ | 3,208 |  |  | $ | (23) |  |  | $ | — |  |  | $ | 3,185 |
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
September 30, 2021 |  | Derivative Assets |  | $ | 8,990 |  |  | $ | (222) |  |  | $ | — |  |  | $ | 8,768 |
|  | Derivative Liabilities |  | $ | 3,055 |  |  | $ | (222) |  |  | $ | — |  |  | $ | 2,833 |
June 30, 2021 |  | Derivative Assets |  | $ | 4,643 |  |  | $ | (23) |  |  | $ | — |  |  | $ | 4,620 |
|  | Derivative Liabilities |  | $ | 3,208 |  |  | $ | (23) |  |  | $ | — |  |  | $ | 3,185 |

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