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Employee Benefit Plans | 3 Months Ended
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Sep. 30, 2025
Retirement Benefits [Abstract] |
Employee Benefit Plans | Note 9. Employee Benefit Plans Single Employer Pension Plans In the third quarter of fiscal 2025, we completed a full settlement of the defined benefit plan (the“Hourly Employees' Plan”) through the purchase of nonparticipating annuities and lump sum elections. In the fourth quarter of fiscal 2025, we completed a partial settlement of the defined benefit plan (the “Farmer Bros. Plan”) through the purchase of nonparticipating annuities and lump sum elections. As of September 30, 2025, the Company has one defined benefit pension plan for certain employees, the Farmer Bros. Plan. The net periodic benefit cost for the defined benefit pension plan is as follows:
|  |  |  | Three Months Ended September 30,
(In thousands) |  |  |  |  |  | 2025 |  | 2024
Interest cost |  |  |  |  |  | $ | 665 |  |  | $ | 1,216 |
Expected return on plan assets |  |  |  |  |  | (550) |  |  | (1,161) |
Amortization of net loss (1) |  |  |  |  |  | 62 |  |  | 149 |
Net periodic benefit cost |  |  |  |  |  | $ | 177 |  |  | $ | 204 |
(1) These amounts represent the estimated portion of the net loss in AOCI that is expected to be recognized as a component of net periodic benefit cost over the current fiscal year. Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost
|  | September 30, 2025 |  | June 30, 2025
Discount rate |  | 5.45% |  | 5.35%
Expected long-term return on plan assets |  | 7.00% |  | 7.00%
Multiemployer Pension Plans The Company participates in one multiemployer defined benefit pension plan that is union sponsored and collectively bargained for the benefit of certain employees subject to collective bargaining agreements, called the Western Conference of Teamsters Pension Plan (“WCTPP”). The Company makes contributions to this plan generally based on the number of hours worked by the participants in accordance with the provisions of negotiated labor contracts. The company also contributes to two defined contribution pension plans (“All Other Plans”) that are union sponsored and collectively bargained for the benefit of certain employees subject to collective bargaining agreements. Contributions made by the Company to the multiemployer pension plans were as follows:
|  |  |  | Three Months Ended September 30,
(In thousands) |  |  |  |  |  | 2025 |  | 2024
Contributions to WCTPP |  |  |  |  |  | $ | 360 |  |  | $ | 371 |
Contributions to All Other Plans |  |  |  |  |  | 16 |  |  | 10 |
Multiemployer Plans Other Than Pension Plans The Company participates in nine multiemployer defined contribution plans other than pension plans that provide medical, vision, dental and disability benefits for active, union-represented employees subject to collective bargaining agreements. The plans are subject to the provisions of the Employee Retirement Income Security Act of 1974, and provide that participating employers make monthly contributions to the plans in an amount as specified in the collective bargaining agreements. Also, the plans provide that participants make self-payments to the plans, the amounts of which are negotiated through the collective bargaining process. The Company’s participation in these plans is governed by collective bargaining agreements which expire on or before January 31, 2028. 401(k) Plan Farmer Bros. Co. 401(k) Plan (the “401(k) Plan”) is available to all eligible employees. The 401(k) Plan match portion, to the extent a match is approved by the Company's Board of Directors, is available to all eligible employees who have worked more than 1,000 hours during a calendar year and were employed at the end of the calendar year. Participants in the 401(k) Plan may choose to contribute a percentage of their annual pay subject to the maximum contribution allowed by the Internal Revenue Service. The Company's matching contribution is discretionary, based on approval by the Company's Board of Directors. Effective August 1, 2024, the Company suspended the 401(k) matching program

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/715/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 712 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/712/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 710 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/710/tableOfContent Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent + Details
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