Farmer Bros. (FARM) 10-K 12 Sep 24 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2024	Sep. 04, 2024	Dec. 31, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 30, 2024
Current Fiscal Year End Date	--06-30
Document Transition Report	false
Entity File Number	001-34249
Entity Registrant Name	Farmer Brothers Co
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-0725980
Entity Address, Address Line One	14501 N Fwy
Entity Address, City or Town	Fort Worth
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76177
City Area Code	682
Local Phone Number	549-6600
Title of 12(b) Security	Common Stock, par value $1.00 per share
Trading Symbol	FARM
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction	false
Entity Public Float			$ 47.6
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		21,254,343
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Specified portions of the registrant’s definitive proxy statement to be filed with the U.S. Securities and Exchange Commission pursuant to Regulation 14A in connection with the registrant’s 2024 Annual Meeting of Stockholders are incorporated by reference into Part III of this report. Such proxy statement will be filed with the SEC not later than 120 days after the conclusion of the registrant’s fiscal year ended June 30, 2024.
Amendment Flag	false
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Entity Central Index Key	0000034563

Audit Information

Audit Information	12 Months Ended
	Jun. 30, 2024
Auditor Information [Abstract]
Auditor Name	GRANT THORNTON LLP
Auditor Location	Dallas, Texas
Auditor Firm ID	248

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 5,830	$ 5,244
Restricted cash	175	175
Accounts and notes receivable, net of allowance for credit losses of $710 and $416, respectively	35,147	45,129
Inventories	57,230	49,276
Short-term derivative assets	11	68
Prepaid expenses	4,236	5,334
Assets held for sale	352	7,770
Total current assets	102,981	112,996
Property, plant and equipment, net	34,002	33,782
Intangible assets, net	11,233	13,493
Operating lease assets	35,241	24,593
Other assets	1,756	2,917
Total assets	185,213	187,781
Current liabilities:
Accounts payable	48,478	60,088
Accrued payroll expenses	10,782	10,082
Right-of-use operating lease liabilities - current	14,046	8,040
Short-term derivative liability	730	2,636
Other current liabilities	2,997	4,519
Total current liabilities	77,033	85,365
Long-term borrowings under revolving credit facility	23,300	23,021
Accrued pension liabilities	12,287	19,761
Accrued postretirement benefits	789	763
Accrued workers’ compensation liabilities	2,378	3,065
Operating lease liabilities - noncurrent	21,766	17,157
Other long-term liabilities	2,111	537
Total liabilities	139,664	149,669
Commitments and contingencies (Note 19)
Stockholders’ equity:
Common stock, $1.00 par value, 50,000,000 shares authorized; 21,264,327 and 20,142,973 shares issued and outstanding at June 30, 2024 and 2023, respectively	21,265	20,144
Additional paid-in capital	79,963	77,278
Accumulated deficit	(30,354)	(26,479)
Accumulated other comprehensive loss	(25,325)	(32,831)
Total stockholders’ equity	45,549	38,112
Total liabilities and stockholders’ equity	$ 185,213	$ 187,781

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 710	$ 416
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	21,264,327	21,264,327
Common stock, shares outstanding (in shares)	20,142,973	20,142,973

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Net sales	$ 341,094	$ 339,964	$ 314,783
Cost of goods sold	207,201	225,351	180,968
Gross profit	133,893	114,613	133,815
Selling expenses	111,371	103,151	99,458
General and administrative expenses	41,649	37,561	43,243
Net gains from sale of assets	(16,877)	(5,140)	(2,905)
Operating expenses	136,143	135,572	139,796
Loss from operations	(2,250)	(20,959)	(5,981)
Other (expense) income:
Interest expense	(7,835)	(9,162)	(4,009)
Other, net	6,224	(4,242)	8,140
Total other (expense) income	(1,611)	(13,404)	4,131
Loss from continuing operations before taxes	(3,861)	(34,363)	(1,850)
Income tax expense (benefit)	14	(325)	124
Loss from continuing operations	(3,875)	(34,038)	(1,974)
Loss from discontinued operations, net of income taxes	0	(45,142)	(13,687)
Net loss	(3,875)	(79,180)	(15,661)
Less: Cumulative preferred dividends, undeclared and unpaid	0	0	594
Net loss available to common stockholders	$ (3,875)	$ (79,180)	$ (16,255)
Loss from continuing operations available to common stockholders per common share, basic (in dollars per share)	$ (0.19)	$ (1.74)	$ (0.14)
Loss from continuing operations available to common stockholders per common share, diluted (in dollars per share)	(0.19)	(1.74)	(0.14)
Loss from discontinued operations available to common stockholders per common share, basic (in dollars per share)	0	(2.30)	(0.75)
Loss from discontinued operations available to common stockholders per common share, diluted (in dollars per share)	0	(2.30)	(0.75)
Net loss available to common stockholders per common share, basic (in dollars per share)	(0.19)	(4.04)	(0.89)
Net loss available to common stockholders per common share, diluted (in dollars per share)	$ (0.19)	$ (4.04)	$ (0.89)
Weighted average common shares outstanding - basic (in shares)	20,873,266	19,621,992	18,200,080
Weighted average common shares outstanding—diluted (in shares)	20,873,266	19,621,992	18,200,080

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (3,875)	$ (79,180)	$ (15,661)
Other comprehensive income (loss), net of taxes:
Unrealized gains (losses) on derivatives designated as cash flow hedges	406	(2,384)	12,172
Loss (gains) on derivatives designated as cash flow hedges reclassified to cost of goods sold	615	(1,392)	(15,865)
Losses on derivative instruments undesignated as cash flow hedges reclassified to interest expense	0	909	1,208
Change in pension and retiree benefit obligations	6,484	8,467	9,383
Total comprehensive income (loss)	$ 3,630	$ (73,580)	$ (8,763)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Preferred Shares	Common Shares	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)
Beginning Balance (in shares) at Jun. 30, 2021		14,700	17,852,793
Beginning Balance at Jun. 30, 2021	$ 104,959	$ 15	$ 17,853	$ 66,109	$ 66,311	$ (45,329)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(15,661)				(15,661)
Cash flow hedges, net of taxes	(2,485)					(2,485)
Change in the funded status of retiree benefit obligations, net of taxes	9,383					9,383
ESOP compensation expense, including reclassifications (in shares)			371,566
ESOP compensation expense, including reclassifications	3,644		$ 373	3,271
Share-based compensation	3,347			3,347
Issuance of common stock and stock option exercises (in shares)			240,607
Issuance of common stock and stock option exercises	(490)		$ 240	(730)
Cumulative preferred dividends, undeclared and unpaid	2,051				2,051
Ending Balance (in shares) at Jun. 30, 2022		14,700	18,464,966
Ending Balance at Jun. 30, 2022	104,748	$ 15	$ 18,466	71,997	52,701	(38,431)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(79,180)				(79,180)
Cash flow hedges, net of taxes	(2,867)					(2,867)
Change in the funded status of retiree benefit obligations, net of taxes	8,467					8,467
ESOP compensation expense, including reclassifications (in shares)			937,848
ESOP compensation expense, including reclassifications	4,665		$ 938	3,727
Share-based compensation	3,645			3,645
Issuance of common stock and stock option exercises (in shares)			340,951
Issuance of common stock and stock option exercises	0		$ 341	(341)
Cumulative preferred dividends, undeclared and unpaid (in shares)		(14,700)	399,208
Cumulative preferred dividends, undeclared and unpaid	(1,366)	$ (15)	$ 399	(1,750)
Ending Balance (in shares) at Jun. 30, 2023		0	20,142,973
Ending Balance at Jun. 30, 2023	38,112	$ 0	$ 20,144	77,278	(26,479)	(32,831)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(3,875)				(3,875)
Cash flow hedges, net of taxes	1,022					1,022
Change in the funded status of retiree benefit obligations, net of taxes	6,484					6,484
ESOP compensation expense, including reclassifications (in shares)			595,031
ESOP compensation expense, including reclassifications	1,694		$ 595	1,099
Share-based compensation	2,112			2,112
Issuance of common stock and stock option exercises (in shares)			526,323
Issuance of common stock and stock option exercises	0		$ 526	(526)
Ending Balance (in shares) at Jun. 30, 2024		0	21,264,327
Ending Balance at Jun. 30, 2024	$ 45,549	$ 0	$ 21,265	$ 79,963	$ (30,354)	$ (25,325)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net loss	$ (3,875)	$ (79,180)	$ (15,661)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	11,588	22,168	23,810
Gain on settlement related to Boyd's acquisition	0	(1,917)	0
Deferred income taxes	0	(735)	(425)
Net (gains) losses from sale of assets	(18,091)	22,275	(2,905)
Net losses (gains) on derivative instruments	113	7,504	(21,620)
ESOP and share-based compensation expense	3,806	8,311	6,501
Provision for credit losses	748	743	(353)
Change in operating assets and liabilities:
Accounts receivable, net	10,448	(939)	(6,260)
Inventories	(7,954)	19,785	(22,828)
Derivative assets, net	565	(6,235)	19,554
Other assets	2,335	(945)	2,652
Accounts payable	(11,777)	7,087	7,111
Accrued expenses and other	(2,053)	(4,802)	(1,030)
Net cash used in operating activities	(14,147)	(6,880)	(11,454)
Cash flows from investing activities:
Sale of business	(1,214)	92,226	0
Purchases of property, plant and equipment	(13,843)	(15,016)	(15,163)
Proceeds from sales of property, plant and equipment	29,780	11,235	9,118
Net cash provided by (used in) investing activities	14,723	88,445	(6,045)
Cash flows from financing activities:
Proceeds from Credit Facilities	6,279	54,000	23,500
Repayments on Credit Facilities	(6,000)	(139,579)	(5,900)
Payment of financing costs	(76)	(368)	(352)
Payments of finance lease obligations	(193)	(193)	(193)
Net cash provided by (used in) financing activities	10	(86,140)	17,055
Net increase (decrease) in cash and cash equivalents and restricted cash	586	(4,575)	(444)
Cash and cash equivalents and restricted cash at beginning of period	5,419	9,994	10,438
Cash and cash equivalents and restricted cash at end of period	6,005	5,419	9,994
Supplemental disclosure of cash flow information:
Cash paid for interest	2,803	11,760	7,503
Cash paid for income taxes	164	177	142
Supplemental disclosure of non-cash investing and financing activities:
Non-cash additions to property, plant and equipment	167	124	63
Right-of-use assets obtained in exchange for new operating lease liabilities	13,508	3,517	7,684
Non-cash issuance of ESOP and 401(K) common stock	595	938	373
Cumulative preferred dividends, undeclared and unpaid	0	0	594
Conversion of preferred shares	$ 0	$ 399	$ 0

Introduction and Basis of Prese

Introduction and Basis of Presentation	12 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Introduction and Basis of Presentation	Note 1. Introduction and Basis of Presentation Description of Business Farmer Bros. Co., a Delaware corporation (including its consolidated subsidiaries unless the context otherwise requires, the “Company,” or “Farmer Bros.”), is a leading coffee roaster, wholesaler, equipment servicer and distributor of coffee, tea and other allied products. The Company serves a wide variety of customers, from small independent restaurants and foodservice operators to large institutional buyers like restaurant, department and convenience store retailers, hotels, casinos, healthcare facilities, and gourmet coffee houses, as well as grocery chains with private brand and consumer-branded coffee and tea products, and foodservice distributors. The Company’s product categories consist of roast and ground coffee; frozen liquid coffee flavored and unflavored iced and hot teas and other beverages including cappuccino, cocoa, granitas, and concentrated and ready-to-drink cold brew and iced coffee; culinary products and spices. The Company was founded in 1912 incorporated in California in 1923, and reincorporated in Delaware in 2004. The Company's principal office and product development lab is located in Fort Worth, Texas ("Fort Worth facility"). The Company operates in one business segment. On June 30, 2023, the Company completed its sale of certain assets of the Company related to its direct ship and private label business, including the Company’s production facility and corporate office building in Northlake, Texas (the "Sale"). The Sale and the related direct ship and private label operations are reported in loss from discontinued operations, net of income taxes on the consolidated statements of operations. See Note 3 , Discontinued Operations for more information related to the Sale and the discontinued operations. All other footnotes present results of the continuing operations. The Company operates a production facility in Portland, Oregon. Distribution takes place out of several distribution centers in Portland, Oregon; Northlake, Illinois; Rialto, California; and Moonachie, New Jersey.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Principles of Consolidation The consolidated financial statements include the accounts of the Company and its direct and indirect wholly owned subsidiaries. All intercompany balances and transactions have been eliminated. Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and the accompanying notes. The Company reviews its estimates on an ongoing basis using currently available information. Changes in facts and circumstances may result in revised estimates and actual results may differ from those estimates. Cash Equivalents The Company considers all highly liquid investments with original maturity dates of 90 days or less to be cash equivalents. Fair values of cash equivalents approximate cost due to the short period of time to maturity. Allowance for credit losses A portion of our accounts receivable is not expected to be collected due to non-payment, bankruptcies and deductions. Our accounting policy for the allowance for credit losses requires us to reserve an amount based on the evaluation of the aging of accounts receivable, detailed analysis of high-risk customers’ accounts, historical customer losses and the overall market and economic conditions of our customers to estimate future losses. This evaluation considers the customer demographic, such as large commercial customers as compared to small businesses or individual customers. We consider our accounts receivable delinquent or past due based on payment terms established with each customer. Accounts receivable are written off when the accounts are determined to be uncollectible. Fair Value Measurements The Company groups its assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: • Level 1—Valuation is based upon quoted prices for identical instruments traded in active markets. • Level 2—Valuation is based upon inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly (i.e. interest rate and yield curves observable at commonly quoted intervals, default rates, etc.). Observable inputs include quoted prices for similar instruments in active and non-active markets. Level 2 includes those financial instruments that are valued with industry standard valuation models that incorporate inputs that are observable in the marketplace throughout the full term of the instrument, or can otherwise be derived from or supported by observable market data in the marketplace. Level 2 inputs may also include insignificant adjustments to market observable inputs. • Level 3—Valuation is based upon one or more unobservable inputs that are significant in establishing a fair value estimate. These unobservable inputs are used to the extent relevant observable inputs are not available and are developed based on the best information available. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. Securities with quotes that are based on actual trades or actionable bids and offers with a sufficient level of activity on or near the measurement date are classified as Level 1. Securities that are priced using quotes derived from implied values, indicative bids and offers, or a limited number of actual trades, or the same information for securities that are similar in many respects to those being valued, are classified as Level 2. If market information is not available for securities being valued, or materially-comparable securities, then those securities are classified as Level 3. In considering market information, management evaluates changes in liquidity, willingness of a broker to execute at the quoted price, the depth and consistency of prices from pricing services, and the existence of observable trades in the market. Derivative Instruments The Company executes various derivative instruments to hedge its commodity price and interest rate risks. These derivative instruments consist primarily of forward, option and swap contracts. The Company reports the fair value of derivative instruments on its consolidated balance sheets in “Short-term derivative assets,” “Other assets,” “Short-term derivative liabilities,” or “Other long-term liabilities.” The Company determines the current and noncurrent classification based on the timing of expected future cash flows of individual trades and reports these amounts on a gross basis. Additionally, the Company reports, if any, cash held on deposit in margin accounts for coffee-related derivative instruments on a gross basis on its consolidated balance sheet in “Restricted cash.” The accounting for the changes in fair value of the Company's derivative instruments can be summarized as follows: Derivative Treatment Accounting Method Normal purchases and normal sales exception Accrual accounting Designated in a qualifying hedging relationship Hedge accounting All other derivative instruments Mark-to-market accounting The Company enters into green coffee purchase commitments at a fixed price or at a price to be fixed (“PTF”). PTF contracts are purchase commitments whereby the quality, quantity, delivery period, price differential to the coffee “C” market price and other negotiated terms are agreed upon, but the date, and therefore the price at which the base “C” market price will be fixed has not yet been established. The coffee “C” market price is fixed at some point after the purchase contract date and before the futures market closes for the delivery month and may be fixed either at the direction of the Company to the vendor, or by the application of a derivative that was separately purchased as a hedge. For both fixed-price and PTF contracts, the Company expects to take delivery of and to utilize the coffee in a reasonable period of time and in the conduct of normal business. Accordingly, these purchase commitments qualify as normal purchases and are not recorded at fair value on the Company's consolidated balance sheets. The Company follows the guidelines of Accounting Standards Codification (“ASC”) 815, “Derivatives and Hedging” (“ASC 815”), to account for certain coffee-related derivative instruments as accounting hedges, in order to minimize the volatility created in the Company's quarterly results from utilizing these derivative instruments and to improve comparability between reporting periods. For a derivative to qualify for designation in a hedging relationship, it must meet specific criteria and the Company must maintain appropriate documentation. The Company establishes hedging relationships pursuant to its risk management policies. The hedging relationships are evaluated at inception and on an ongoing basis to determine whether the hedging relationship is, and is expected to remain, highly effective in achieving offsetting changes in fair value or cash flows attributable to the underlying risk being hedged. The Company also regularly assesses whether the hedged forecasted transaction is probable of occurring. If a derivative ceases to be or is no longer expected to be highly effective, or if the Company believes the likelihood of occurrence of the hedged forecasted transaction is no longer probable, hedge accounting is discontinued for that derivative, and future changes in the fair value of that derivative are recognized in “Other, net ” in the consolidated statements of operations. For coffee-related derivative instruments designated as cash flow hedges, the change in fair value of the derivative is reported as accumulated other comprehensive income (loss) (“AOCI”) and subsequently reclassified into cost of goods sold in the period or periods when the hedged transaction affects earnings. Gains or losses deferred in AOCI associated with terminated derivative instruments, derivative instruments that cease to be highly effective hedges, derivative instruments for which the forecasted transaction is reasonably possible but no longer probable of occurring, and cash flow hedges that have been otherwise discontinued remain in AOCI until the hedged item affects earnings. If it becomes probable that the forecasted transaction designated as the hedged item in a cash flow hedge will not occur, any gain or loss deferred in AOCI is recognized in “Other, net” in the consolidated statements of operations at that time. For derivative instruments that are not designated in a hedging relationship, and for which the normal purchases and normal sales exception has not been elected, the changes in fair value are reported in “Other, net” in the consolidated statements of operations. See Note 5 , Derivative Instruments . Concentration of Credit Risk At June 30, 2024, the financial instruments which potentially expose the Company to concentration of credit risk consist of cash in financial institutions (in excess of federally insured limits), derivative instruments and trade receivables. The Company does not have any credit-risk related contingent features that would require it to post additional collateral in support of its net derivative liability positions. At June 30, 2024 and 2023, none of the cash in the Company’s coffee-related derivative margin accounts was restricted. Further changes in commodity prices and the number of coffee-related derivative instruments held, could have a significant impact on cash deposit requirements under certain of the Company's broker and counterparty agreements. Approximately 11% and 33% of the Company’s accounts receivable balance was with five customers at June 30, 2024 and 2023, respectively. There were no customers that accounted for more than 10% of the Company’s accounts receivable balance as of June 30, 2024. The Company estimates its credit risk for accounts receivable at the amount recorded on the balance sheet. The accounts receivable are generally short-term and all estimated credit losses have been appropriately considered in establishing the allowance for credit losses. Inventories Inventories are valued at the lower of cost or net realizable value. The Company uses the first in, first out ("FIFO") basis for accounting for coffee, tea and culinary products and coffee brewing equipment parts. The Company regularly evaluates these inventories to determine the provision for obsolete and slow-moving inventory. Inventory reserves are based on inventory obsolescence trends, historical experience and application of specific identification. Property, Plant and Equipment Property, plant and equipment is carried at cost, less accumulated depreciation. Depreciation is computed using the straight-line method. The following useful lives are used: Buildings and facilities 10 to 30 years Machinery and equipment 3 to 15 years Office furniture and equipment 5 to 7 years Capitalized software 3 to 5 years Equipment under finance leases Shorter of term of lease or estimated useful life Leasehold improvements are depreciated on a straight-line basis over the lesser of the estimated useful life of the asset or the remaining lease term. When assets are sold or retired, the asset and related accumulated depreciation are removed from the respective account balances and any gain or loss on disposal is included in operations. Maintenance and repairs are charged to expense, and enhancements are capitalized. Coffee Brewing Equipment and Service The Company capitalizes coffee brewing equipment and depreciates it over five years and reports the depreciation expense in cost of goods sold. Other non-depreciation expenses related to coffee brewing equipment provided to customers, such as the cost of servicing that equipment (including service employees’ salaries, cost of transportation and the cost of supplies and parts), are considered directly attributable to the generation of revenues from the customers. These non-depreciation expenses are also included in cost of goods sold. See Note 10 , Property, Plant and Equipment for details of the depreciation amounts and non-depreciation expenses. Leases The Company makes a determination if an arrangement constitutes a lease at inception, and categorizes the lease as either an operating or finance lease. Operating leases are included in right-of-use operating lease assets and operating lease liabilities in the Company's Consolidated Balance Sheets. Finance leases are included in property, plant and equipment, net and other liabilities in the Consolidated Balance Sheets. Leases with an initial term of 12 months or less are not recorded on the Consolidated Balance Sheets. The Company has entered into leases for building facilities, vehicles and other equipment. The Company’s leases have remaining contractual terms of up to 7 years, some of which have options to extend the lease for up to an additional 10 years. For purposes of calculating operating lease liabilities, lease terms are deemed not to include options to extend the lease renewals until it is reasonably certain that the Company will exercise that option. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Right-of-use lease assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The Company uses the implicit rate when readily determinable. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense is primarily recognized on a straight-line basis over the lease term. The Company has lease agreements with lease and non-lease components, which are combined for certain assets. Income Taxes Deferred income taxes are determined based on the temporary differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates in effect for the year in which differences are expected to reverse. Estimating the Company’s tax liabilities involves judgments related to uncertainties in the application of complex tax regulations. The Company makes certain estimates and judgments to determine tax expense for financial statement purposes as it evaluates the effect of tax credits, tax benefits and deductions, some of which result from differences in the timing of recognition of revenue or expense for tax and financial statement purposes. Changes to these estimates may result in significant changes to the Company’s tax provision in future periods. Deferred Tax Asset Valuation Allowance The Company evaluates its deferred tax assets quarterly to determine if a valuation allowance is required and considers whether a valuation allowance should be recorded against deferred tax assets based on the likelihood that the benefits of the deferred tax assets will or will not ultimately be realized in future periods. In making this assessment, significant weight is given to evidence that can be objectively verified, such as recent operating results, and less consideration is given to less objective indicators, such as future income projections. After consideration of positive and negative evidence, if the Company determines that it is more likely than not that it will generate future income sufficient to realize its deferred tax assets, the Company will record a reduction in the valuation allowance. Revenue Recognition The Company recognizes revenue in accordance with the way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. We recognize revenue at a point in time upon delivery of the ordered goods to our customers. Revenues are recognized net of any discounts, returns, allowances, rebates and incentives. The Company performs the following steps to determine revenue recognition for an arrangement: (1) identify the contract(s) with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when (or as) the performance obligations are satisfied. Net Loss Per Common Share Net loss per share (“EPS”) represents net loss available to common stockholders divided by the weighted-average number of common shares outstanding for the period. Dividends on the Company's outstanding Series A Convertible Participating Cumulative Perpetual Preferred Stock, par value $1.00 per share ("Series A Preferred Stock"), that the Company has paid or intends to pay are deducted from net loss in computing net loss available to common stockholders. Under the two-class method, net loss available to nonvested restricted stockholders and holders of Series A Preferred Stock is excluded from net loss available to common stockholders for purposes of calculating basic and diluted EPS. Diluted EPS represents net loss available to holders of common stock divided by the weighted-average number of common shares outstanding, inclusive of the dilutive impact of common equivalent shares outstanding during the period. Common equivalent shares include potentially dilutive shares from share-based compensation including stock options, unvested restricted stock, unvested performance-based restricted stock units, and shares of Series A Preferred Stock, as converted, because they are deemed participating securities. In the absence of contrary information, the Company assumes 100% of the target shares are issuable under performance-based restricted stock units. The dilutive effect of Series A Preferred Stock is reflected in diluted EPS by application of the if-converted method. In applying the if-converted method, conversion will not be assumed for purposes of computing diluted EPS if the effect would be anti-dilutive. The Series A Preferred Stock is antidilutive whenever the amount of the dividend declared or accumulated in the current period per common share obtainable upon conversion exceeds basic EPS. Employee Stock Ownership Plan Effective January 1, 2022, the Company merged the ESOP plan into the 401(k) Plan and transferred all of the assets and shares in the ESOP to the 401(k) Plan. Share-based Compensation The Company measures all share-based compensation cost at the grant date, based on the fair values of the awards that are ultimately expected to vest, and recognizes that cost as an expense on a straight line-basis in its consolidated statements of operations over the requisite service period. Fair value of restricted stock and performance-based restricted stock units is the closing price of the Company's common stock on the date of grant. The Company estimates the fair value of option awards using the Black-Scholes option valuation model, which requires management to make certain assumptions for estimating the fair value of stock options at the date of grant. In addition, the Company estimates the expected impact of forfeited awards and recognizes share-based compensation cost only for those awards ultimately expected to vest. If actual forfeiture rates differ materially from the Company’s estimates, share-based compensation expense could differ significantly from the amounts the Company has recorded in the current period. The Company periodically reviews actual forfeiture experience and will revise its estimates, as necessary. The Company will recognize as compensation cost the cumulative effect of the change in estimated forfeiture rates on current and prior periods in earnings of the period of revision. As a result, if the Company revises its assumptions and estimates, the Company’s share-based compensation expense could change materially in the future. The Company's outstanding share-based awards include performance-based restricted stock units ("PBRSUs") that have performance-based vesting conditions in addition to time-based vesting. Awards with performance-based vesting conditions require the achievement of certain financial and other performance criteria as a condition to the vesting. The Company recognizes the estimated fair value of performance-based awards, net of estimated forfeitures, as share-based compensation expense over the service period based upon the Company’s determination of whether it is probable that the performance targets will be achieved. At each reporting period, the Company reassesses the probability of achieving the performance criteria and the performance period required to meet those targets. Determining whether the performance criteria will be achieved involves judgment, and the estimate of share-based compensation expense may be revised periodically based on changes in the probability of achieving the performance criteria. Revisions are reflected in the period in which the estimate is changed. If performance goals are not met, no share-based compensation expense is recognized for the cancelled PNQs or PBRSUs and, to the extent share-based compensation expense was previously recognized for those cancelled PNQs or PBRSUs, such share-based compensation expense is reversed. If performance goals are exceeded and the payout is more than 100% of the target shares, additional compensation expense is recorded in the period when that determination is certified by the Compensation Committee of the Board of Directors. The Company also has Cash-Settled Restricted Stock Units ("CSRSUs") which are accounted for as liability awards, with compensation expense measured at fair value on the date of grant and recognized on a straight-line basis over the vesting period, net of forfeitures. Compensation expense is remeasured at each reporting date with a cumulative adjustment to compensation cost during the period based on changes in the Common Stock's closing share price. Impairment of Indefinite-lived Intangible Assets The Company accounts for its indefinite-lived intangible assets in accordance with “Intangibles-Goodwill and Other” (“ASC 350”). Indefinite-lived intangible assets are not amortized but instead are reviewed for impairment annually, or more frequently if an event occurs or circumstances change which indicate that an asset might be impaired. Pursuant to ASC 350, the Company tests its indefinite-lived intangible assets, which consist of certain acquired trademarks, trade names and a brand name, for impairment by comparing their fair values to their carrying values. An impairment charge is recorded if the estimated fair value of such assets has decreased below their carrying values. Other Intangible Assets Other intangible assets consist of finite-lived intangible assets including customer relationships. These assets are amortized over their estimated useful lives and are tested for impairment by grouping them with other assets at the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets and liabilities. The estimated future cash flows are based upon, among other things, assumptions about expected future operating performance, and may differ from actual cash flows. If the sum of the projected undiscounted cash flows (excluding interest) is less than the carrying value of the assets, the assets will be written down to the estimated fair value in the period in which the determination is made. The Company reviews the recoverability of its finite-lived intangible assets whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Collective Bargaining Agreements Certain Company employees are subject to collective bargaining agreements which expire on or before September 30, 2027. At June 30, 2024 approximately 21% of the Company's workforce was covered by such agreements. Self-Insurance The Company uses a combination of insurance and self-insurance mechanisms to provide for the potential liability of certain risks including workers’ compensation, health care benefits, general liability, product liability, property insurance and director and officers’ liability insurance. Liabilities associated with risks retained by the Company are not discounted and are estimated by considering historical claims experience, demographics, exposure and severity factors and other actuarial assumptions. The Company's self-insurance for workers’ compensation liability includes estimated outstanding losses of unpaid claims, and allocated loss adjustment expenses (“ALAE”), case reserves, the development of known claims and incurred but not reported claims. ALAE are the direct expenses for settling specific claims. The amounts reflect per occurrence and annual aggregate limits maintained by the Company. The estimated liability analysis does not include estimating a provision for unallocated loss adjustment expenses. The estimated gross undiscounted workers’ compensation liability relating to such claims was $2.0 million and $3.3 million, as of June 30, 2024 and 2023, respectively. The estimated recovery from reinsurance was $0.2 million and $0.7 million, as of June 30, 2024 and 2023, respectively. The short-term and long-term accrued liabilities for workers’ compensation claims are presented on the Company's consolidated balance sheets in “Other current liabilities” and in “Accrued workers' compensation liabilities,” respectively. The estimated insurance receivable is included in “Other assets” on the Company's consolidated balance sheets. The Company had posted $4.1 million and $4.0 million letters of credit as a security deposit for self-insuring workers’ compensation, general liability and auto insurance coverages as of June 30, 2024 and June 30, 2023, respectively. The estimated liability related to the Company's self-insured group medical insurance was $0.6 million and $0.5 million for the years ended June 30, 2024 and 2023, recorded on an incurred but not reported basis, within deductible limits, based on actual claims and the average lag time between the date insurance claims are filed and the date those claims are paid. The Company accrues the cost for general liability, product liability and commercial auto liability insurance based on estimates of the aggregate liability claims incurred using certain actuarial assumptions and historical claims experience. The Company's liability reserve for such claims was $1.6 million and $1.4 million at June 30, 2024 and 2023, respectively. The estimated liability related to the Company's self-insured group medical insurance, general liability, product liability and commercial auto liability is included on the Company's consolidated balance sheets in “Other current liabilities.” Postretirement Benefits The Company provides a postretirement death benefit (“Death Benefit”) to certain employees and retirees, subject, in the case of current employees, to continued employment with the Company until retirement and certain other conditions related to the manner of employment termination and manner of death. The Company records the actuarially determined liability for the present value of the postretirement death benefit. The Company purchased life insurance policies to fund the postretirement death benefit wherein the Company owns the policy but the postretirement death benefit is paid to the employee's or retiree's beneficiary. The Company records an asset for the fair value of the life insurance policies which equates to the cash surrender value of the policies. Pension Plans The Company’s defined benefit pension plans are not admitting new participants, therefore, changes to pension liabilities are primarily due to market fluctuations of investments for existing participants and changes in interest rates. The Company’s defined benefit pension plans are accounted for using the guidance of ASC 710, “Compensation—General“ and ASC 715, “Compensation-Retirement Benefits“ and are measured as of the end of the fiscal year. The Company recognizes the overfunded or underfunded status of a defined benefit pension as an asset or liability on its consolidated balance sheets. Changes in the funded status are recognized through AOCI, in the year in which the changes occur. See Note 12 , Employee Benefit Plans. Recent Accounting Pronouncements The Company considers the applicability and impact of all ASUs issued. ASUs not listed below were assessed and either determined to be not applicable or expected to have minimal impact on its consolidated financial statements. The following table provides a brief description of the recent ASUs applicable to the company: Standard Description Effective Date Effect on the Financial Statements or Other Significant Matters In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740)”, Improvements to Income Tax Disclosures The amendments in this Update address investor requests for more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. Effective for The Company is still evaluating the impact of this standard. In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280)”, Improvements to Reportable Segment Disclosures. The amendments in this Update are to improve the disclosures about a public entity’s reportable segments and address requests from investors for additional, more detailed information about a reportable segment’s expenses. Effective for The Company is still evaluating the impact of this standard.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Note 3. Discontinued Operations On June 30, 2023, the Company completed the sale of certain assets of the Company related to its direct ship and private label business, including the Company’s production facility and corporate office building in Northlake, Texas, pursuant to that certain Asset Purchase Agreement dated as of June 6, 2023, by and between the Company and TreeHouse Foods, Inc. (the "Buyer"), as amended by that certain Amendment to the Asset Purchase Agreement, dated June 30, 2023. The aggregate purchase price was $91.7 million in cash including $2.0 million of escrow receivable. The Company recognized an after-tax loss on the transaction of approximately $25.4 million. During Q2 2024, the Company recorded a net loss of $1.2 million related to a working capital adjustment in continuing operations. The accounting requirements for reporting the Sale as a discontinued operation were met when the Sale was completed. Accordingly, the consolidated financial statements reflect the results of the Sale as a discontinued operation for all periods presented. The Company incurred approximately $0.5 million of transaction-related costs associated with the Sale during the year ended June 30, 2023, which was primarily for professional fees. These amounts are recorded in the loss on disposition of discontinued operations before income taxes component of loss from discontinued operations, net of income taxes The Company also entered into (i) a Transition Services Agreement with the Buyer pursuant to which the Company provided the Buyer certain specified services on a temporary basis, (ii) a Co-Manufacturing Agreement with the Buyer pursuant to which the Company and Buyer manufactured certain products for each other on a temporary basis and (iii) a Lease Agreement with the Buyer pursuant to which the Company leased office and warehouse space from the Buyer on a temporary basis. The Transition Services Agreement expired on March 31, 2024. The Co-Manufacturing Agreement and Lease Agreement expired June 30, 2024. The operating results of the divested operations, have been reclassified as discontinued operations in the Consolidated Statements of Operations for the years ended June 30, 2023 and 2022, as detailed in the table below: For the year ended June 30, (In thousands) 2023 2022 Net sales $ 160,977 $ 154,410 Cost of goods sold 162,227 151,309 Gross (loss) profit (1,250) 3,101 Selling expenses 6,578 7,819 General and administrative expenses 4,750 3,929 Loss on sale of assets 25,414 — Operating expense 36,742 11,748 Loss from discontinued operations (37,992) (8,647) Other (expense) income: Interest expense (9,008) (5,507) Other, net 1,124 42 Total other (expense) (7,884) (5,465) Loss from discontinued operations before taxes (45,876) (14,112) Income tax benefit (734) (425) Loss from discontinued operations, net of income taxes $ (45,142) $ (13,687) Interest expense for the Revolver was allocated on a ratio of net assets discontinued to the sum of consolidated net assets plus consolidated debt and the Term Loan was fully allocated to discontinued operations as it was required to be repaid in full. Applicable Consolidated Statements of Cash Flow information related to the divested operations for the years ended June 30, 2023 and 2022 are detailed in the table below: For the Years Ended June 30, (In thousands) 2023 2022 Cash Flows from Discontinued Operations Net cash provided by (used in) operating activities 444 (13,192) Net cash provided by (used in) investing activities 88,105 (1,539) Note 4. Sales of Assets Sale of Branch Properties During the year ended June 30, 2024, the Company completed the sale of 13 branch properties. The total sales price was $31.7 million and net proceeds was $29.3 million. The completed sale of branch properties resulted in a gain on sale of $21.5 million. During the year ended June 30, 2023, the Company completed the sale of four branch properties. The total sales price was $12.5 million and net proceeds was $11.8 million. The completed sale of branch properties resulted in a gain on sale of $10.8 million. Assets Held for Sale The Company sometimes pursues options to divest corporate assets, primarily related to land and buildings. As of June 30, 2024 and 2023, certain branch properties met the accounting guidance criteria to be classified as held for sale. As such, the Company evaluated the assets to determine whether the carrying value exceeded the fair value less any costs to sell. No loss was recorded as of June 30, 2024 and 2023 and the aggregate assets held for sale are presented as a separate line item in the consolidated balance sheet. The following table presents net carrying value related to the major classes of assets that were classified as held for sale at June 30, 2024 and June 30, 2023 : (In thousands) June 30, 2024 June 30, 2023 Building and facilities $ 120 $ 4,327 Land 232 3,443 Assets held for sale $ 352 $ 7,770

Sales of Assets

Sales of Assets	12 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Sales of Assets	Note 3. Discontinued Operations On June 30, 2023, the Company completed the sale of certain assets of the Company related to its direct ship and private label business, including the Company’s production facility and corporate office building in Northlake, Texas, pursuant to that certain Asset Purchase Agreement dated as of June 6, 2023, by and between the Company and TreeHouse Foods, Inc. (the "Buyer"), as amended by that certain Amendment to the Asset Purchase Agreement, dated June 30, 2023. The aggregate purchase price was $91.7 million in cash including $2.0 million of escrow receivable. The Company recognized an after-tax loss on the transaction of approximately $25.4 million. During Q2 2024, the Company recorded a net loss of $1.2 million related to a working capital adjustment in continuing operations. The accounting requirements for reporting the Sale as a discontinued operation were met when the Sale was completed. Accordingly, the consolidated financial statements reflect the results of the Sale as a discontinued operation for all periods presented. The Company incurred approximately $0.5 million of transaction-related costs associated with the Sale during the year ended June 30, 2023, which was primarily for professional fees. These amounts are recorded in the loss on disposition of discontinued operations before income taxes component of loss from discontinued operations, net of income taxes The Company also entered into (i) a Transition Services Agreement with the Buyer pursuant to which the Company provided the Buyer certain specified services on a temporary basis, (ii) a Co-Manufacturing Agreement with the Buyer pursuant to which the Company and Buyer manufactured certain products for each other on a temporary basis and (iii) a Lease Agreement with the Buyer pursuant to which the Company leased office and warehouse space from the Buyer on a temporary basis. The Transition Services Agreement expired on March 31, 2024. The Co-Manufacturing Agreement and Lease Agreement expired June 30, 2024. The operating results of the divested operations, have been reclassified as discontinued operations in the Consolidated Statements of Operations for the years ended June 30, 2023 and 2022, as detailed in the table below: For the year ended June 30, (In thousands) 2023 2022 Net sales $ 160,977 $ 154,410 Cost of goods sold 162,227 151,309 Gross (loss) profit (1,250) 3,101 Selling expenses 6,578 7,819 General and administrative expenses 4,750 3,929 Loss on sale of assets 25,414 — Operating expense 36,742 11,748 Loss from discontinued operations (37,992) (8,647) Other (expense) income: Interest expense (9,008) (5,507) Other, net 1,124 42 Total other (expense) (7,884) (5,465) Loss from discontinued operations before taxes (45,876) (14,112) Income tax benefit (734) (425) Loss from discontinued operations, net of income taxes $ (45,142) $ (13,687) Interest expense for the Revolver was allocated on a ratio of net assets discontinued to the sum of consolidated net assets plus consolidated debt and the Term Loan was fully allocated to discontinued operations as it was required to be repaid in full. Applicable Consolidated Statements of Cash Flow information related to the divested operations for the years ended June 30, 2023 and 2022 are detailed in the table below: For the Years Ended June 30, (In thousands) 2023 2022 Cash Flows from Discontinued Operations Net cash provided by (used in) operating activities 444 (13,192) Net cash provided by (used in) investing activities 88,105 (1,539) Note 4. Sales of Assets Sale of Branch Properties During the year ended June 30, 2024, the Company completed the sale of 13 branch properties. The total sales price was $31.7 million and net proceeds was $29.3 million. The completed sale of branch properties resulted in a gain on sale of $21.5 million. During the year ended June 30, 2023, the Company completed the sale of four branch properties. The total sales price was $12.5 million and net proceeds was $11.8 million. The completed sale of branch properties resulted in a gain on sale of $10.8 million. Assets Held for Sale The Company sometimes pursues options to divest corporate assets, primarily related to land and buildings. As of June 30, 2024 and 2023, certain branch properties met the accounting guidance criteria to be classified as held for sale. As such, the Company evaluated the assets to determine whether the carrying value exceeded the fair value less any costs to sell. No loss was recorded as of June 30, 2024 and 2023 and the aggregate assets held for sale are presented as a separate line item in the consolidated balance sheet. The following table presents net carrying value related to the major classes of assets that were classified as held for sale at June 30, 2024 and June 30, 2023 : (In thousands) June 30, 2024 June 30, 2023 Building and facilities $ 120 $ 4,327 Land 232 3,443 Assets held for sale $ 352 $ 7,770

Derivative Instruments

Derivative Instruments	12 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Note 5. Derivative Instruments Derivative Instruments Held Coffee-Related Derivative Instruments The Company is exposed to commodity price risk associated with its price to be fixed green coffee purchase contracts, which are described further in Note 2 . The Company utilizes forward and option contracts to manage exposure to the variability in expected future cash flows from forecasted purchases of green coffee attributable to commodity price risk. Certain of these coffee-related derivative instruments utilized for risk management purposes have been designated as cash flow hedges, while other coffee-related derivative instruments have not been designated as cash flow hedges or do not qualify for hedge accounting despite hedging the Company's future cash flows on an economic basis. The following table summarizes the notional volumes for the coffee-related derivative instruments held by the Company at June 30, 2024 and 2023: As of June 30, (In thousands) 2024 2023 Derivative instruments designated as cash flow hedges: Long coffee pounds — 1,538 Derivative instruments not designated as cash flow hedges: Long coffee pounds 71 6,713 Less: Short coffee pounds — (4,388) Total 71 3,863 Coffee-related derivative instruments not designated as cash flow hedges outstanding as of June 30, 2024 will expire within 1.5 years. At June 30, 2024 and 2023 approximately none and 40%, respectively, of the Company's outstanding coffee-related derivative instruments were designated as cash flow hedges. Interest Rate Swap Derivative Instruments Pursuant to an International Swap Dealers Association, Inc. Master Agreement (“ISDA”) effective March 20, 2019, the Company on March 27, 2019, entered into a swap transaction utilizing a notional amount of $80.0 million, with an effective date of April 11, 2019 and a maturity date of October 11, 2023 (the “Original Rate Swap”). The Original Rate Swap was intended to manage the Company’s interest rate risk on its floating-rate indebtedness under the Company’s revolving credit facility. The Company had designated the Original Rate Swap derivative instrument as a cash flow hedge; however, during the quarter ended September 30, 2020, the Company de-designated the Original Rate Swap derivative instruments. On May 16, 2023, the Company settled the Original Rate Swap. The net settlement of the Original Rate Swap was a $13 thousand loss. Effect of Derivative Instruments on the Financial Statements Balance Sheets Fair values of derivative instruments on the Company's consolidated balance sheets: Derivative Instruments Derivative Instruments Not Designated as Accounting Hedges As of June 30, As of June 30, (In thousands) 2024 2023 2024 2023 Financial Statement Location: Short-term derivative assets: Coffee-related derivative instruments(1) $ — $ 4 $ 11 $ 64 Long-term derivative assets: Coffee-related derivative instruments(2) — — 33 — Short-term derivative liabilities: Coffee-related derivative instruments(3) — 158 730 2,478 Long-term derivative liabilities: Coffee-related derivative instruments(4) — — 1,505 — ________________ (1) Included in “Short-term derivative assets” on the Company's consolidated balance sheets. (2) Included in “Other assets” on the Company's consolidated balance sheets. (3) Included in “Short-term derivative liability” on the Company's consolidated balance sheets. (4) Included in “Other Long-term liabilities” on the Company's consolidated balance sheets. Statements of Operations 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 “Interest expense”. Year Ended June 30, Financial Statement Classification (In thousands) 2024 2023 2022 Net gains (losses) recognized from AOCI to earnings - Interest rate swap — 396 (7) Interest Expense Net losses reclassified from AOCI to earnings for partial unwind of interest swap - Interest rate swap — (1,305) (1,201) Interest Expense Net (gains) losses recognized in AOCI - Coffee-related (406) 2,384 (12,172) AOCI Net (loss) gains recognized in earnings - Coffee-related (615) 1,392 15,865 Costs of goods sold For the fiscal years ended June 30, 2024, 2023 and 2022, there were no gains or losses recognized in earnings as a result of excluding amounts from the assessment of hedge effectiveness. Net (gains) losses on derivative instruments in the Company's consolidated statements of cash flows also includes net (gains) losses on coffee-related derivative instruments designated as cash flow hedges reclassified to cost of goods sold from AOCI in the fiscal years ended June 30, 2024, 2023 and 2022. Gains and losses on derivative instruments not designated as accounting hedges are included in “Other, net” in the Company's consolidated statements of operations and in “Net (gains) losses on derivative instruments and investments” in the Company's consolidated statements of cash flows. Net gains and losses recorded in “Other, net” are as follows: Year Ended June 30, (In thousands) 2024 2023 2022 Net gains (losses) on coffee-related derivative instruments (1) $ 503 $ (6,978) $ 4,498 Non-operating pension and other postretirement benefit plans credits 3,648 2,910 3,598 Other (losses) gains, net 2,073 (174) 44 Other, net $ 6,224 $ (4,242) $ 8,140 ___________ (1) Excludes net losses and net gains on coffee-related derivative instruments designated as cash flow hedges recorded in cost of goods sold in the fiscal years ended June 30, 2024, 2023 and 2022. Statement of Comprehensive Income (Loss) The following table provides the balances and changes in accumulated other comprehensive income (loss) related to derivative instruments for the indicated periods: June 30, (In thousands) 2024 2023 2022 Accumulated other comprehensive loss (income) beginning balance $ 1,175 $ (1,692) $ (4,177) Net gains (losses) recognized from AOCI to earnings - Interest rate swap — 396 (7) Net losses reclassified from AOCI to earnings for partial unwind of interest swap - Interest rate swap — (1,305) (1,201) Net (gains) losses recognized in AOCI - Coffee-related (406) 2,384 (12,172) Net (loss) gains recognized in earnings - Coffee-related (615) 1,392 15,865 Accumulated other comprehensive loss (income) ending balance $ 154 $ 1,175 $ (1,692) Offsetting of Derivative Assets and Liabilities The Company has agreements in place that allow for the financial right of offset for derivative assets and liabilities at settlement or in the event of default under the agreements. Additionally, under certain coffee derivative agreements, the Company maintains accounts with its counterparties to facilitate financial derivative transactions in support of its risk management activities. 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 As of June 30, 2024 Derivative Assets $ 44 $ (44) $ — $ — Derivative Liabilities 2,235 (44) — 2,191 As of June 30, 2023 Derivative Assets 68 (68) — — Derivative Liabilities 2,636 (68) — 2,568 Cash Flow Hedges

Leases (Notes)

Leases (Notes)	12 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	Note 6. Leases The Company has entered into leases for building facilities, vehicles and other equipment. The Company’s leases have remaining contractual terms through April 30, 2030, some of which have options to extend the lease for up to 10 years. For purposes of calculating operating lease liabilities, lease terms are deemed not to include options to extend the lease renewal until it is reasonably certain that the Company will exercise that option. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Supplemental consolidated balance sheet information related to leases is as follows: As of June 30, (In thousands) Classification 2024 2023 Operating lease assets Right-of-use operating lease assets $ 35,241 $ 24,593 Finance lease assets Property, plant and equipment, net 246 410 Total lease assets $ 35,487 $ 25,003 Operating lease liabilities - current Operating lease liabilities - current 14,046 8,040 Finance lease liabilities - current Other current liabilities 193 193 Operating lease liabilities - noncurrent Operating lease liabilities - noncurrent 21,766 17,157 Finance lease liabilities -noncurrent Other long-term liabilities 82 251 Total lease liabilities $ 36,087 $ 25,641 The components of lease expense are as follows: For the Years Ended June 30, (In thousands) 2024 2023 2022 Operating lease expense $ 13,785 $ 7,943 $ 7,526 Finance lease expense: Amortization of finance lease assets 164 164 164 Interest on finance lease liabilities 24 34 44 Total lease expense $ 13,973 $ 8,141 $ 7,734 The maturities of the lease liabilities are as follows: For the Years Ended June 30, (In thousands) Operating Leases Finance Leases 2025 $ 14,046 $ 193 2026 9,627 96 2027 7,205 — 2028 6,244 — 2029 3,220 — Thereafter 317 — Total lease payments 40,659 289 Less: interest (4,847) (14) Total lease obligations $ 35,812 $ 275 Lease term and discount rate: For the Years Ended June 30, 2024 2023 Weighted-average remaining lease terms (in years): Operating lease 5.2 5.9 Finance lease 1.5 2.5 Weighted-average discount rate: Operating lease 6.65 % 6.20 % Finance lease 6.50 % 6.50 % Other Information: For the Years Ended June 30, (In thousands) 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 12,956 $ 7,845 Operating cash flows from finance leases 24 34 Financing cash flows from finance leases 193 193
Leases	Note 6. Leases The Company has entered into leases for building facilities, vehicles and other equipment. The Company’s leases have remaining contractual terms through April 30, 2030, some of which have options to extend the lease for up to 10 years. For purposes of calculating operating lease liabilities, lease terms are deemed not to include options to extend the lease renewal until it is reasonably certain that the Company will exercise that option. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Supplemental consolidated balance sheet information related to leases is as follows: As of June 30, (In thousands) Classification 2024 2023 Operating lease assets Right-of-use operating lease assets $ 35,241 $ 24,593 Finance lease assets Property, plant and equipment, net 246 410 Total lease assets $ 35,487 $ 25,003 Operating lease liabilities - current Operating lease liabilities - current 14,046 8,040 Finance lease liabilities - current Other current liabilities 193 193 Operating lease liabilities - noncurrent Operating lease liabilities - noncurrent 21,766 17,157 Finance lease liabilities -noncurrent Other long-term liabilities 82 251 Total lease liabilities $ 36,087 $ 25,641 The components of lease expense are as follows: For the Years Ended June 30, (In thousands) 2024 2023 2022 Operating lease expense $ 13,785 $ 7,943 $ 7,526 Finance lease expense: Amortization of finance lease assets 164 164 164 Interest on finance lease liabilities 24 34 44 Total lease expense $ 13,973 $ 8,141 $ 7,734 The maturities of the lease liabilities are as follows: For the Years Ended June 30, (In thousands) Operating Leases Finance Leases 2025 $ 14,046 $ 193 2026 9,627 96 2027 7,205 — 2028 6,244 — 2029 3,220 — Thereafter 317 — Total lease payments 40,659 289 Less: interest (4,847) (14) Total lease obligations $ 35,812 $ 275 Lease term and discount rate: For the Years Ended June 30, 2024 2023 Weighted-average remaining lease terms (in years): Operating lease 5.2 5.9 Finance lease 1.5 2.5 Weighted-average discount rate: Operating lease 6.65 % 6.20 % Finance lease 6.50 % 6.50 % Other Information: For the Years Ended June 30, (In thousands) 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 12,956 $ 7,845 Operating cash flows from finance leases 24 34 Financing cash flows from finance leases 193 193

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 7. Fair Value Measurements Assets and liabilities measured and recorded at fair value on a recurring basis were as follows: (In thousands) Total Level 1 Level 2 Level 3 As of June 30, 2024 Derivatives not designated as accounting hedges: Coffee-related derivative assets (1) 44 — 44 — Coffee-related derivative liabilities (1) 2,235 — 2,235 — Total Level 1 Level 2 Level 3 As of June 30, 2023 Derivative instruments designated as cash flow hedges: Coffee-related derivative assets (1) $ 4 $ — $ 4 $ — Coffee-related derivative liabilities (1) 158 — 158 — Derivatives not designated as accounting hedges: Coffee-related derivative assets (1) 64 — 64 — Coffee-related derivative liabilities (1) 2,478 — 2,478 — ____________________ (1) The Company's coffee-related derivative instruments are traded over-the-counter and, therefore, classified as Level 2. During the fiscal years ended June 30, 2024 and 2023, there were no transfers between the levels. Due to the highly liquid nature, the amount of the Company's other financial instruments represent the approximate fair value.

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Accounts Receivable, Net	Note 8. Accounts Receivable, Net As of June 30, (In thousands) 2024 2023 Trade receivables $ 34,438 $ 42,914 Other receivables (1) 1,419 2,631 Allowance for credit losses (710) (416) Accounts receivable, net $ 35,147 $ 45,129 ____________________ (1) Includes vendor rebates, transition services receivables and other non-trade receivables. Allowance for credit losses: (In thousands) Balance at June 30, 2022 $ (195) Provision (743) Write-offs 288 Recovery 234 Balance at June 30, 2023 (416) Provision (748) Write-offs 306 Recovery 148 Balance at June 30, 2024 $ (710)

Inventories

Inventories	12 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Inventories	Note 9. Inventories As of June 30, (In thousands) 2024 2023 Coffee Processed $ 22,432 $ 15,860 Unprocessed 6,105 7,409 Total 28,537 23,269 Tea and culinary products Processed 25,166 21,418 Unprocessed 41 63 Total 25,207 21,481 Coffee brewing equipment parts 3,486 4,526 Total inventories $ 57,230 $ 49,276

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Note 10. Property, Plant and Equipment As of June 30, (In thousands) 2024 2023 Buildings and facilities $ 20,441 $ 20,146 Machinery and equipment 108,757 144,473 Capitalized software 9,190 7,934 Office furniture and equipment 8,486 8,231 146,874 180,784 Accumulated depreciation (113,790) (147,920) Land 918 918 Property, plant and equipment, net $ 34,002 $ 33,782 Depreciation and amortization expense, related to continuing operations was $11.6 million, $12.9 million, and $12.4 million, for the years ended June 30, 2024, 2023, and 2022, respectively. Maintenance and repairs to property, plant and equipment, related to continuing operations charged to expense for the years ended June 30, 2024, 2023, and 2022 were $8.3 million, $8.0 million and $7.3 million, respectively. Coffee Brewing Equipment (“CBE”) and Service Capitalized CBE included in machinery and equipment above are: As of June 30, (In thousands) 2024 2023 Coffee Brewing Equipment $ 66,596 $ 93,159 Accumulated depreciation (39,941) (66,953) Coffee Brewing Equipment, net $ 26,655 $ 26,206 Depreciation expense related to capitalized CBE and other CBE related expenses (excluding CBE depreciation) provided to customers and reported in cost of goods sold were as follows: For the Years Ended June 30, (In thousands) 2024 2023 2022 Depreciation expense $ 7,344 $ 7,213 $ 7,492 Other CBE expenses 36,859 32,298 25,773 Other expenses related to CBE provided to customers, such as the cost of servicing that equipment (including service employees’ salaries, cost of transportation and the cost of supplies and parts), are considered directly attributable to the generation of revenues from the customers. Therefore, these costs are included in cost of goods sold.

Intangible Assets

Intangible Assets	12 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 11. Intangible Assets The following is a summary of the Company’s amortized and unamortized intangible assets: As of June 30, Weighted Average Amortization Period as of June 30, 2024 2024 2023 (In thousands) Gross Accumulated Net Gross Accumulated Net Amortized intangible assets: Customer relationships 2.8 $ 33,003 $ (26,292) $ 6,711 $ 33,003 $ (24,092) $ 8,911 Recipes 0.0 930 (930) — 930 (885) 45 Trade name/brand name 0.0 510 (510) — 510 (495) 15 Total amortized intangible assets 34,443 (27,732) 6,711 34,443 (25,472) 8,971 Unamortized intangible assets: Trademarks, trade names and brand name with indefinite lives 4,522 — 4,522 4,522 — 4,522 Total unamortized intangible assets 4,522 — 4,522 4,522 — 4,522 Total intangible assets $ 38,965 $ (27,732) $ 11,233 $ 38,965 $ (25,472) $ 13,493 There were no indefinite-lived intangible asset impairment charges recorded in the fiscal years ended June 30, 2024, 2023 and 2022. The Company also assesses the recoverability of certain finite-lived intangible assets. No impairment was recorded for the finite-lived intangibles for the years ended June 30, 2024, 2023, and 2022. Amortization expense for the year ended June 30, 2024 was $2.3 million. Amortization expense for the years ended June 30, 2023, and 2022 were $2.4 million each year, for these assets. At June 30, 2024, future annual amortization of finite-lived intangible assets for the fiscal years 2025 through 2028 is estimated to be (in thousands): For the fiscal year ending: June 30, 2025 $ 2,200 June 30, 2026 2,200 June 30, 2027 1,911 June 30, 2028 400 Total $ 6,711

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Jun. 30, 2024
Retirement Benefits [Abstract]
Employee Benefit Plans	Note 12. Employee Benefit Plans The Company provides the following benefit plans for full-time employees who work 30 hours or more per week: • 401(k); • health and other welfare benefit plans; and • in certain circumstances, pension and postretirement benefits. See below for detail description of each benefit plan. Generally, the plans provide health benefits after 30 days of employment and other retirement benefits based on years of service and/or a combination of years of service and earnings. Single Employer Pension Plans As of June 30, 2024, the Company has two defined benefit pension plans for certain employees (the "Farmer Bros. Plan" and the “Hourly Employees' Plan”). Farmer Bros. Plan Hourly Employees’ Plan Total ($ in thousands) 2024 2023 2024 2023 2024 2023 Change in projected benefit obligation Benefit obligation at the beginning of the year $ 95,406 $ 102,508 $ 3,801 $ 3,951 $ 99,207 $ 106,459 Interest cost 4,631 4,451 186 173 4,817 4,624 Actuarial gain (2,119) (5,008) (310) (132) (2,429) (5,140) Benefits paid (6,535) (6,545) (194) (191) (6,729) (6,736) Projected benefit obligation at the end of the year $ 91,383 $ 95,406 $ 3,483 $ 3,801 $ 94,866 $ 99,207 Change in plan assets Fair value of plan assets at the beginning of the year $ 75,934 $ 74,250 $ 3,690 $ 3,848 $ 79,624 $ 78,098 Actual return on plan assets 7,543 6,147 165 33 7,708 6,180 Employer contributions 2,332 2,082 — — 2,332 2,082 Benefits paid (6,535) (6,545) (194) (191) (6,729) (6,736) Fair value of plan assets at the end of the year $ 79,274 $ 75,934 $ 3,661 $ 3,690 $ 82,935 $ 79,624 Funded status at end of year (underfunded) $ (12,109) $ (19,472) $ 178 $ (111) $ (11,931) $ (19,583) Amounts recognized in consolidated balance sheets Non-current assets — — 178 — 178 — Noncurrent liabilities (12,109) (19,472) — (111) (12,109) (19,583) Total $ (12,109) $ (19,472) $ 178 $ (111) $ (11,931) $ (19,583) Amounts recognized in AOCI Net loss 22,291 28,444 (185) 137 22,106 28,581 Total accumulated OCI (not adjusted for applicable tax) $ 22,291 $ 28,444 $ (185) $ 137 $ 22,106 $ 28,581 Weighted average assumptions used to determine benefit obligations Discount rate 5.35 % 5.05 % 5.35 % 5.05 % 5.35 % 5.05 % Rate of compensation increase N/A N/A N/A N/A N/A N/A Components of Net Periodic Benefit Cost and Other Changes Recognized in Other Comprehensive Income (Loss) (OCI) Farmer Bros. Plan Hourly Employees’ Plan June 30, Total ($ in thousands) 2024 2023 2022 2024 2023 2022 2024 2023 2022 Components of net periodic benefit cost Interest cost 4,631 4,451 3,262 186 173 129 4,817 4,624 3,391 Expected return on plan assets (4,336) (3,906) (4,734) (152) (129) (214) (4,488) (4,035) (4,948) Amortization of net loss 827 1,125 1,356 — — — 827 1,125 1,356 Net periodic benefit cost $ 1,122 $ 1,670 $ (116) $ 34 $ 44 $ (85) $ 1,156 $ 1,714 $ (201) Other changes recognized in OCI Net gain (1) $ (5,326) $ (7,249) $ (7,542) $ (322) $ (36) $ (279) $ (5,648) $ (7,285) $ (7,821) Amortization of net loss (827) (1,125) (1,356) — — — (827) (1,125) (1,356) Total recognized in other comprehensive income (loss) $ (6,153) $ (8,374) $ (8,898) $ (322) $ (36) $ (279) $ (6,475) $ (8,410) $ (9,177) Total recognized in net periodic benefit cost and OCI $ (5,031) $ (6,704) $ (9,014) $ (288) $ 8 $ (364) $ (5,319) $ (6,696) $ (9,378) Weighted-average assumptions used to determine net periodic benefit cost Discount rate 5.05 % 4.50 % 2.60 % 5.05 % 4.50 % 2.60 % 5.05 % 4.50 % 2.60 % Expected long-term return on plan assets 7.00 % 6.50 % 6.25 % 5.50 % 4.75 % 6.50 % 6.25 % 5.63 % 6.38 % Rate of compensation increase N/A N/A N/A N/A N/A N/A N/A N/A N/A (1) Net gain for fiscal year ended June 30, 2024, 2023 and 2022 was primarily due to plan assets returns. Basis Used to Determine Expected Long-term Return on Plan Assets The expected long-term return on plan assets assumption was developed as a weighted average rate based on the target asset allocation of the plan and the Long-Term Capital Market Assumptions (CMA) 2020. The capital market assumptions were developed with a primary focus on forward-looking valuation models and market indicators. The key fundamental economic inputs for these models are future inflation, economic growth, and interest rate environment. Due to the long-term nature of the pension obligations, the investment horizon for the CMA 2020 is 20 to 30 years. In addition to forward-looking models, historical analysis of market data and trends was reflected, as well as the outlook of recognized economists, organizations and consensus CMA from other credible studies. Description of Investment Policy The Company’s investment strategy is to build an efficient, well-diversified portfolio based on a long-term, strategic outlook of the investment markets. The investment markets outlook utilizes both the historical-based and forward-looking return forecasts to establish future return expectations for various asset classes. These return expectations are used to develop a core asset allocation based on the specific needs of each plan. The core asset allocation utilizes investment portfolios of various asset classes and multiple investment managers in order to maximize the plan’s return while providing multiple layers of diversification to help minimize risk. Additional Disclosures Farmer Bros. Plan Hourly Employees’ Plan Total ($ in thousands) 2024 2023 2024 2023 2024 2023 Comparison of obligations to plan assets Projected benefit obligation $ 91,383 $ 95,406 $ 3,483 $ 3,801 $ 94,866 $ 99,207 Accumulated benefit obligation 91,383 95,406 3,483 3,801 94,866 99,207 Fair value of plan assets at measurement date 79,274 75,934 3,661 3,690 82,935 79,624 Plan assets by category Equity securities 37,849 49,516 — 750 37,849 50,266 Debt securities 37,504 20,765 3,661 2,940 41,165 23,705 Real estate 3,921 5,653 — — 3,921 5,653 Total $ 79,274 $ 75,934 $ 3,661 $ 3,690 $ 82,935 $ 79,624 Plan assets by category Equity securities 47.7 % 65.2 % — % 20.3 % 45.6 % 63.1 % Debt securities 47.3 % 27.3 % 100.0 % 79.7 % 49.7 % 29.8 % Real estate 5.0 % 7.5 % — % — % 4.7 % 7.1 % Total 100 % 100 % 100 % 100 % 100 % 100 % Fair values of plan assets were as follows: As of June 30, 2024 (In thousands) Total Level 1 Level 2 Level 3 Investments measured at NAV Farmer Bros. Plan $ 79,274 $ — $ — $ — $ 79,274 Hourly Employees’ Plan 3,661 — — — 3,661 As of June 30, 2023 (In thousands) Total Level 1 Level 2 Level 3 Investments measured at NAV Farmer Bros. Plan $ 75,934 $ — $ — $ — $ 75,934 Hourly Employees’ Plan 3,690 — — — 3,690 The Company's single employer pension plan—Hourly Employees' Plan target asset allocation remains in debt securities for fiscal 2025.The following is the target asset allocation for the Company's single employer pension plan— Farmer Bros. Plan—for fiscal 2025: Fiscal 2025 U.S. large cap equity securities 28.0 % U.S. small cap equity securities 10.0 % International equity securities 22.0 % Debt securities 35.0 % Real Asset 5.0 % Total 100.0 % Estimated Amounts in OCI Expected To Be Recognized In fiscal 2025, the Company expects to recognize net periodic cost of $0.7 million for the Farmer Bros. Plan and $73.3 thousand for the Hourly Employees’ Plan. Estimated Future Contributions and Refunds In fiscal 2025, the Company expects to contribute $2.9 million to the Farmer Bros. Plan and does not expect to contribute to the Hourly Employees’ Plan. Estimated Future Benefit Payments The following benefit payments are expected to be paid over the next 10 fiscal years: (In thousands) Farmer Bros. Plan Hourly Employees’ Plan Year Ending: June 30, 2025 $ 7,640 $ 260 June 30, 2026 7,210 240 June 30, 2027 7,300 260 June 30, 2028 7,310 260 June 30, 2029 7,270 260 June 30, 2030 to June 30, 2034 34,670 1,270 These amounts are based on current data and assumptions and reflect expected future service, as appropriate. 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. Pension Protection Act Zone Status Pension Fund EIN-PN As of 1/1/2022 Western Conference of Teamsters Pension Plan 91-6145047-001 Green 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. The Company’s minimum contributions to these plans are defined within the collective bargaining agreements. Contributions made by the Company to the multiemployer pension plans were as follows: (In thousands) WCTPP(1)(2)(3) All Other Plans Year Ended: June 30, 2024 $ 1,248 $ 35 June 30, 2023 1,280 28 June 30, 2022 961 29 ____________ (1) Individually significant plan. (2) Less than 5% of total contribution to WCTPP based on WCTPP's FASB Disclosure Statement (3) The Company guarantees that one hundred seventy-three (173) hours will be contributed upon for all employees who are compensated for all available straight time hours for each calendar month. An additional 6.5% of the basic contribution must be paid for PEER or the Program for Enhanced Early Retirement. The risks of participating in multiemployer pension plans are different from single-employer plans in that: (i) assets contributed to a multiemployer plan by one employer may be used to provide benefits to employees of other participating employers; (ii) if a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers; and (iii) if the Company stops participating in the multiemployer plan, the Company may be required to pay the plan an amount based on the underfunded status of the plan, referred to as a withdrawal liability. Future collective bargaining negotiations may result in the Company withdrawing from the remaining multiemployer pension plans in which it participates and, if successful, the Company may incur a withdrawal liability, the amount of which could be material to the Company's results of operations and cash flows. 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 expires on or before September 30, 2027. The Company's aggregate contributions to multiemployer plans other than pension plans in the fiscal years ended June 30, 2024, 2023 and 2022 were $3.9 million, $3.6 million and $3.0 million, respectively. The Company expects to contribute an aggregate of approximately $3.9 million towards multiemployer plans other than pension plans in fiscal 2025. 401(k) Plan The Farmer Bros. Co. 401(k) Plan (the "401(k) Plan") is available to all eligible employees. The 401(k) Plan match portion 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 January 1, 2023, the Company eliminated the 4% non-elective contribution and changed the Company match to 100% of the first 3% each eligible employee contributes plus 50% on the next 2% they contribute. Effective January 1, 2024, the Company amended the 401(k) matching program, whereby the Company on an annual basis will contribute cash for 100% of the first 3% each eligible employee contributes plus 50% on the next 2% they contribute. The Company recorded matching contributions of $1.3 million, $2.0 million and $2.0 million in operating expenses for the fiscal years ended June 30, 2024, 2023 and 2022, respectively. For the fiscal years ended June 30, 2024, 2023 and 2022 the Company contributed a total of 595,031 shares, 937,848 shares and 371,566 shares of the Company’s common stock with a value of $1.9 million, $4.6 million and $3.6 million, respectively, to eligible participants’ annual plan compensation. Effective August 1, 2024, the Company suspended the 401(k) matching program. Postretirement Benefits In June 2021, the Company amended the Death Benefit Plan effective immediately, which triggered re-measurement of the plan. The Company surrendered the purchased life insurance policies that funded these death benefits, and received cash proceeds from the insurance carriers. In conjunction with the amendment, the Company created a new Executive Death Benefit Plan (the “Executive Death Benefit Plan”) for a small group of participants in the Death Benefit Plan. Under the Executive Death Benefit Plan, the participants receive the same benefits they would have received under the Death Benefit Plan. The Company also retained the life insurance policies to fund the postretirement death benefit of these participants, and have a long-term receivable in Other Assets of $0.5 million as of June 30, 2024 which equates to the cash surrender value of the policies. The following table shows the components of net periodic postretirement benefit cost for the Retiree Medical Plan and Executive Death Benefit Plan for the fiscal years ended June 30, 2024, 2023 and 2022. Net periodic postretirement benefit cost for fiscal 2024 was based on employee census information as of June 30, 2024. Year Ended June 30, (In thousands) 2024 2023 2022 Components of Net Periodic Postretirement Benefit Cost (Credit): Service cost $ — $ — $ — Interest cost 42 39 27 Amortization of net gain — — 11 Net periodic postretirement benefit (credit) cost $ 42 $ 39 $ 38 The tables below show the remaining bases for the transition (asset) obligation, prior service cost (credit), and the calculation of the amortizable gain or loss for the Executive Death Benefit Plan. Year Ended June 30, ($ in thousands) 2024 2023 Amortization of Net (Gain) Loss: Net loss as of July 1 $ 8 $ 17 Net loss subject to amortization 8 17 Corridor (10% of greater of APBO or assets) 86 83 Net loss in excess of corridor $ — $ — Amortization years 14.7 15.3 The following tables provide a reconciliation of the benefit obligation and plan assets for the Retiree Medical Plan, Death Benefit Plan and Executive Death Benefit Plan: As of June 30, (In thousands) 2024 2023 Change in Benefit Obligation: Projected postretirement benefit obligation at beginning of year $ 826 $ 844 Service cost — — Interest cost 42 39 Actuarial (gains) losses (9) (57) Benefits paid — — Projected postretirement benefit obligation at end of year $ 859 $ 826 Year Ended June 30, (In thousands) 2024 2023 Change in Plan Assets: Fair value of plan assets at beginning of year $ — $ — Employer contributions — — Benefits paid — — Fair value of plan assets at end of year $ — $ — Projected postretirement benefit obligation at end of year 859 826 Funded status of plan $ (859) $ (826) June 30, (In thousands) 2024 2023 Amounts Recognized in the Consolidated Balance Sheets Consist of: Current liabilities $ (69) $ (61) Noncurrent liabilities (790) (765) Total $ (859) $ (826) (In thousands) Estimated Future Benefit Payments: Year Ending: June 30, 2025 $ 71 June 30, 2026 73 June 30, 2027 74 June 30, 2028 75 June 30, 2029 75 June 30, 2030 to June 30, 2034 351 Expected Contributions: June 30, 2025 $ 71

Debt Obligations

Debt Obligations	12 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt Obligations	Note 13. Debt Obligations The following table summarizes the Company’s debt obligations: June 30, 2024 June 30, 2023 (In thousands) Debt Origination Date Maturity Principal Amount Borrowed Carrying Value Weighted Average Interest Rate Carrying Value Weighted Average Interest Rate Revolver various 4/26/2027 N/A $ 23,300 7.05 % $ 23,021 6.66 % __________ The weighted average interest rate excludes the fixed rate on the de-designated Amended Rate Swap On April 26, 2021, the Company repaid in full all of the outstanding loans and other amounts payable under the Amended and Restated Credit Agreement dated as of November 6, 2018, using proceeds of loans received pursuant to a refinancing under a new senior secured facility composed of (a) the Revolver Credit Facility Agreement (the "Revolver Credit Facility Agreement") and various loan documents relating thereto including the Guaranty and Security Agreement, dated as of April 26, 2021 (the “Revolver Security Agreement”), by and among the Borrowers, as grantors, and Wells Fargo, as administrative agent, and (b) a Credit Agreement, dated as of April 26, 2021 (the “Term Credit Facility Agreement”) by and among the Borrowers, MGG Investment Group LP. (“MGG”), as administrative agent, and the lenders party thereto, and various loan documents relating thereto including the Guaranty and Security Agreement, dated as of April 26, 2021 (the “Term Security Agreement”), by and among the Borrowers, as grantors, and MGG, as administrative agent. On August 8, 2022, the Company and certain of its subsidiaries entered into the Increase Joinder and Amendment No. 2 to Credit Agreement (the “2nd Amendment”), with Wells Fargo Bank, N.A., as administrative agent for each member of the lender group and as a lender. The 2nd Amendment amends that certain Revolver Credit Facility Agreement, originally entered into by the parties on April 26, 2021, which governs the Company’s revolving credit facility (the "Revolver Credit Facility"). The 2nd Amendment amends certain terms and conditions of the Revolver Credit Facility Agreement by, among other things: (i) increasing the maximum revolver amount by $10,000,000 to an aggregate maximum revolver commitment amount of $90,000,000; and (ii) replacing the London Interbank Offered Rate (LIBOR) interest rate benchmark (which had an applicable margin of 2.25% for LIBOR rate loans) with the secured overnight financing rate (SOFR) interest rate benchmark (which has an applicable margin of 1.75% for SOFR rate loans). On August 31, 2022, the Company entered into Amendment No. 3 to Credit Agreement (the “3rd Amendment”), with the lenders party thereto, and Wells Fargo Bank, N.A., as administrative agent for each member of the lender group and as a lender. The 3rd Amendment amends certain terms and conditions of the Revolver Credit Facility Agreement by, among other things: (i) adding a new $47.0 million term loan (the “Term Loan”); (ii) extending the maturity date of the Company’s obligations under the Revolver Credit Facility Agreement from April 25, 2025 to April 26, 2027; provided, that if the maturity date of the Revolver Commitments is extended on or prior to April 1, 2027 to a date that is after April 26, 2027, then the maturity of the Term Loan shall be August 31, 2037; (iii) releasing liens securing the obligations under the Revolver Credit Facility Agreement on various real properties owned by the Company; (iv) commencing on or around June 30, 2023, obligating the Company to maintain a Fixed Charge Coverage Ratio, calculated for each 12-month period ending on the last day of each fiscal month, of at least 1:00 to 1:00; and (v) lowering the Letter of Credit Fee payable with respect to letters of credit issued under the Credit Agreement from 2.25% to 1.75% of the average amount of the Letter of Credit Usage during the immediately preceding month. The proceeds of the Term Loan were used to repay the outstanding term loans under the Term Credit Facility Agreement. With the repayment of the Company’s outstanding loans and other obligations under the Term Credit Facility Agreement, the Company is no longer subject to the minimum EBITDA covenants contained therein. On June 30, 2023, the Company and certain of its subsidiaries entered into that certain Consent and Amendment No. 4 to Credit Agreement (the “Fourth Amendment”), with the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent for each member of the lender group. The Fourth Amendment amends that certain Revolver Credit Facility Agreement, originally entered into by and among the parties on April 26, 2021. The Fourth Amendment includes a consent to the Sale by the administrative agent and the lenders and amends certain terms and conditions of the Credit Agreement by, among other things: (i) reflecting the payoff in full, with proceeds from the Sale, of the $47.0 million outstanding amount of the Term Loan, (ii) reflecting the paydown, with proceeds from the Sale, of the Revolver Credit Facility (and a reduction of the maximum commitment of the lenders under the Revolver Credit Facility to $75.0 million), (iii) releasing liens of the administrative agent securing the obligations under the Credit Agreement on assets sold pursuant to the Sale, and (iv) amending the Credit Agreement so that the Company's financial covenant (i.e., fixed charge coverage ratio) is only in effect during such times when the Company's liquidity falls below certain thresholds. On December 4, 2023 (the “Effective Date”), the Company, and certain of its subsidiaries entered into that certain Consent and Amendment No. 5 to Credit Agreement (the “Consent and Amendment”), with the lenders party thereto (the “Lenders”), and Wells Fargo Bank, National Association, as administrative agent for each member of the lender group (in such capacity, the “Agent”) to amend certain terms of the Revolver Credit Facility Agreement, including the definition of specified real property and the release of security interests in certain real properties. The following is a summary description of the Revolver Credit Facility Agreement and the Revolver Security Agreement (the "Revolver Security Facility") key items. The Revolver Credit Facility Agre ement, among other things include: 1. a commitment of up to $75.0 million (“Revolver”) calculated as the lesser of (a) $75.0 million or (b) the amount equal to the sum of (i) 85% of eligible accounts receivable (less a dilution reserve), plus (ii) the lesser of: (a) 80% of eligible raw material inventory, eligible in-transit inventory and eligible finished goods inventory (collectively, “Eligible Inventory”), and (b) 85% of the net orderly liquidation value of Eligible Inventory, minus (c) applicable reserve; 2. sublimit on letters of credit of $10.0 million; 3. maturity date of April 26, 2027 and has no scheduled payback required on the principal prior to the maturity date; 4. fully collateralized by all existing and future capital stock of the Borrowers (other than the Company) and all of the Borrowers' personal and real property; 5. interest under the Revolver is either  if the relevant Obligation is a SOFR Loan, at a per annum rate equal to Term SOFR plus the SOFR Margin (1.75%), and otherwise, at a per annum rate equal to the Base Rate (the greater of the Federal Funds Rate + 0.50% or Term SOFR +1%) plus the Base Rate Margin (0.75%).; and 6. in the event that Borrowers’ availability to borrow under the Revolver falls below $9.375 million, the financial covenant requires the Company to meet or exceed a fixed charge coverage ratio of at least 1.00:1.00 at all such times. The Revolver Credit Facility Agreement and the Revolver Security Agreement contain customary affirmative and negative covenants and restrictions typical for a financing of this type that, among other things, require the Company to satisfy certain financial covenants and restrict the Company's and its subsidiaries' ability to incur additional debt, pay dividends and make distributions, make certain investments and acquisitions, repurchase its stock and prepay certain indebtedness, create liens, enter into agreements with affiliates, modify the nature of its business, transfer and sell material assets and merge or consolidate. Non-compliance with one or more of the covenants and restrictions could result in the full or partial principal balance of the Revolver Credit Facility Agreement becoming immediately due and payable and termination of the commitments. There are no required principal payments on the Revolver debt obligation. At June 30, 2024, the Company had outstanding borrowings on the Revolver Credit Facility of $23.3 million and had utilized $4.1 million of the letters of credit sublimit, and had $27.8 million of availability under our Credit Facility. As of June 30, 2024, the Company was in compliance with all of the financial covenants under the Revolver Credit Facility Agreement. Furthermore, the Company believes it will be in compliance with the related financial covenants under these agreements for the next twelve months.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Note 14. Share-based Compensation Farmer Bros. Co. Amended and Restated 2017 Long-Term Incentive Plan On June 20, 2017 (the “Effective Date“), the Company’s stockholders approved the Farmer Bros. Co. 2017 Long-Term Incentive Plan (the “Original 2017 Plan”), which was subsequently amended to increase the number of shares of Common Stock available for grant to 3,550,000 shares of Common Stock plus the number of shares of Common Stock subject to the outstanding prior plan awards. The plan may also be utilized to award and incentive non-employee consultants. The Amended 2017 Plan provides for the grant of stock options (including incentive stock options and non-qualified stock options), stock appreciation rights, restricted stock, restricted stock units, dividend equivalents, performance shares and other stock- or cash-based awards to eligible participants. Non-employee directors, employees and non-employee consultants of the Company or any of its subsidiaries are eligible to receive awards under the Amended 2017 Plan. Subject to certain limitations, shares of Common Stock covered by awards granted under the Amended 2017 Plan that are forfeited, expire or lapse, or are repurchased for or paid in cash, may be used again for new grants under the Amended 2017 Plan. As of June 30, 2024, there were 1,759,363 shares that remain available under the Amended 2017 Plan including shares that were forfeited under the Prior Plans for future issuance. Shares of Common Stock granted under the Amended 2017 Plan may be authorized but unissued shares, shares purchased on the open market or treasury shares. In no event will more than 3,550,000 shares of Common Stock be issuable pursuant to the exercise of incentive stock options under the Amended 2017 Plan. The Amended 2017 Plan also includes limits on the aggregate grant date fair value of all equity-based awards granted to any non-employee director during any calendar year for services as a member of the Board. The Amended 2017 Plan contains a minimum vesting requirement, subject to limited exceptions, that awards made under the Amended 2017 Plan may not vest earlier than the date that is one year following the grant date of the award. The Amended 2017 Plan also contains provisions with respect to payment of exercise or purchase prices, vesting and expiration of awards, adjustments and treatment of awards upon certain corporate transactions, including stock splits, recapitalizations and mergers, transferability of awards and tax withholding requirements. The Amended 2017 Plan may be amended or terminated by the Board at any time, subject to certain limitations requiring stockholder consent or the consent of the applicable participant. In addition, the administrator may not, without the approval of the Company’s stockholders, authorize certain re-pricings of any outstanding stock options or stock appreciation rights granted under the Amended 2017 Plan. The Amended 2017 Plan will expire on June 20, 2027. Farmer Bros. Co. 2020 Inducement Incentive Plan In March 2020, the Company’s Board of Directors approved the Farmer Bros. Co. 2020 Inducement Incentive Plan (the “2020 Inducement Plan”). The 2020 Inducement Plan’s purpose is to enhance the Company’s ability to attract persons who make (or are expected to make) important contributions to the Company by providing these individuals with equity ownership opportunities. Awards under the 2020 Inducement Plan has the same terms and conditions as the Amended 2017 Plan. The Board of Directors has reserved 300,000 shares of the Company’s Common Stock for issuance under the 2020 Inducement Plan. As of June 30, 2024, there were 182,919 shares that remain available under the 2020 Inducement Plan for future issuance. Non-qualified stock options with time-based vesting (“NQOs”) One-third of the total number of NQO vest ratably on each of the first three anniversaries of the grant date, contingent on continued employment, and subject to accelerated vesting in certain circumstances. There were no options granted during fiscal years ended June 30, 2024, 2023 and 2022. The following table summarizes NQO activity for the year ended June 30, 2024: Outstanding NQOs: Number of NQOs Weighted Average Exercise Price ($) Weighted Average Remaining Life (Years) Aggregate Intrinsic Value ($ in thousands) Outstanding at June 30, 2023 331,658 11.69 3.35 — Granted — — — — Exercised — — — — Cancelled/Forfeited — — — — Expired (312,208) 11.31 — — Outstanding at June 30, 2024 19,450 17.75 2.14 — Exercisable, June 30, 2024 19,450 17.75 2.14 — The aggregate intrinsic values outstanding at the end of each fiscal period in the table above represent the total pretax intrinsic value, based on the Company’s closing stock price of $2.68 at June 28, 2024 and $2.77 at June 30, 2023, representing the last trading day of the respective fiscal years, which would have been received by NQO holders had all award holders exercised their NQOs that were in-the-money as of those dates. The aggregate intrinsic value of NQO exercises in each fiscal period above represents the difference between the exercise price and the value of the Common Stock at the time of exercise. NQOs outstanding that are expected to vest are net of estimated forfeitures. There were no NQOs exercised during fiscal year ended June 30, 2024. The Company received no proceeds from exercises of vested NQOs in fiscal 2024, 2023 and 2022. As of June 30, 2024 and 2023, respectively, there was no unrecognized compensation cost related to NQOs. Total compensation expense for NQOs was zero, $0.1 million and $0.6 million in fiscal 2024, 2023 and 2022, respectively. Non-qualified stock options with performance-based and time-based vesting ( “ PNQs”) PNQ shares were not granted during the fiscal years ended June 30, 2024, 2023 and 2022. The following table summarizes PNQ activity for the year ended June 30, 2024: Outstanding PNQs: Number of PNQs Weighted Average Exercise Price ($) Weighted AverageRemaining Life (Years) Aggregate Intrinsic Value ($ in thousands) Outstanding at June 30, 2023 991 32.85 0.36 — Granted — — — — Exercised — — — — Cancelled/Forfeited — — — — Expired (991) 32.85 — — Outstanding at June 30, 2024 — — 0.00 — Exercisable, June 30, 2024 — — 0.00 — There were no PNQs exercised during the fiscal years ended June 30, 2024, 2023 and 2022. As of June 30, 2024 and 2023, there was no unrecognized compensation cost related to PNQs. There was no compensation expense related to PNQs in fiscal years ended June 30, 2024, 2023 and 2022. Restricted Stock Restricted stock awards cliff vest on the earlier of the one year anniversary of the grant date or the date of the first annual meeting of the Company’s stockholders immediately following the grant date, in the case of non-employee directors, and the third anniversary of the grant date, in the case of eligible employees, in each case subject to continued service to the Company through the vesting date and the acceleration provisions of the award plan and restricted stock agreement. Restricted stock is expected to vest net of estimated forfeitures. The following table summarizes restricted stock activity for the year ended June 30, 2024: Outstanding and Nonvested Restricted Stock Awards: Shares Awarded Weighted Average Grant Date Fair Value ($) Outstanding at June 30, 2023 882,554 6.14 Granted 531,678 3.02 Vested (443,923) 5.67 Cancelled/Forfeited (307,648) 6.61 Outstanding and nonvested June 30, 2024 662,661 3.72 The weighted average grant date fair value of RSUs granted during the years ended June 30, 2024, 2023 and 2022 were $3.02, $5.68, and $7.20, respectively. The total grant-date fair value of restricted stock granted during the year ended June 30, 2024 was $1.6 million. The total fair value of awards vested during the years ended June 30, 2024, 2023 and 2022 were $1.3 million, $1.7 million, and $2.3 million, respectively. As of June 30, 2024 and 2023, there was $1.7 million and $3.6 million, respectively, of unrecognized compensation cost related to restricted stock. The unrecognized compensation cost related to restricted stock at June 30, 2024 is expected to be recognized over the weighted average period of 1.78 years. Total compensation expense for restricted stock was $1.7 million, $2.6 million and $2.1 million, for the fiscal years ended June 30, 2024, 2023 and 2022, respectively. Performance-Based Restricted Stock Units (“PBRSUs”) PBRSU awards either cliff vest on the third anniversary of the date of grant based on the Company’s achievement of certain financial performance goals during the performance periods or certain PBRSU awards vest based on the achievement of a share price target before the third anniversary of the date of the grant. All PBRSU awards are subject to certain continued employment conditions and subject to acceleration provisions of the award plan and restricted stock unit agreement. At the end of the performance period, the number of PBRSUs that actually vest will be a percentage of the target amount, depending on the extent to which the Company meets or exceeds the achievement of those financial performance goals measured over the performance period. PBRSUs are expected to vest net of estimated forfeitures. The following table summarizes PBRSU activity for the year ended June 30, 2024: Outstanding and Nonvested PBRSUs: PBRSUs Awarded Weighted Average Grant Date Fair Value ($) Outstanding at June 30, 2023 549,291 5.92 Granted 394,576 2.95 Vested (134,660) 4.10 Cancelled/Forfeited (414,631) 6.51 Outstanding and nonvested June 30, 2024 394,576 2.95 The weighted average grant date fair value of PBRSUs granted during the years ended June 30, 2024, 2023 and 2022 were $2.95, $6.40, and $8.91, respectively. The total grant-date fair value of PBRSUs granted during the year ended June 30, 2024 was $1.2 million. The total fair value of awards vested during the years ended June 30, 2024 and 2023 were $0.3 million and $3.2 thousand, respectively. As of June 30, 2024 and 2023, there was $0.9 million and $1.7 million, respectively, of unrecognized compensation cost related to PBRSUs. The unrecognized compensation cost related to PBRSUs at June 30, 2024 is expected to be recognized over the weighted average period of 1.97 years. Total compensation expense for PBRSUs was $0.5 million for the year ended June 30, 2024, $0.7 million for the year ended June 30, 2023 and $0.6 million for the year ended June 30, 2022. Cash-Settled Restricted Stock Units (“CSRSUs”) In December 2020, the Company granted CSRSUs under the Amended 2017 Plan to certain employees. CSRSUs vest in equal installments over a three-year period from the grant date, and are cash-settled upon vesting based on the Common Stock's closing share price on the vesting date. The CSRSUs are accounted for as liability awards, and compensation expense is measured at fair value on the date of grant and recognized on a straight-line basis over the vesting period net of forfeitures. Compensation expense is remeasured at each reporting date with a cumulative adjustment to compensation cost during the period based on changes in the Common Stock's closing share price. The following table summarizes CSRSU activity during the year ended June 30, 2024: Outstanding and Nonvested CSRSUs: CSRSUs Awarded Weighted Average Grant Date Fair Value ($) Outstanding at June 30, 2023 184,807 6.15 Granted 556,000 2.50 Vested (68,538) 5.95 Cancelled/Forfeited (52,942) 4.54 Outstanding and nonvested June 30, 2024 619,327 2.94 The weighted average grant date fair value of CSRSUs granted during the years ended June 30, 2024, 2023 and 2022 were $2.50, $6.07 and $8.91, respectively. The total grant-date fair value of CSRSUs granted during the year ended June 30, 2024 was $1.3 million. The total fair value of awards vested during the years ended June 30, 2024, 2023 and 2022 was $0.2 million, $0.2 million and $0.4 million, respectively. At June 30, 2024 and 2023, there was $1.6 million and $0.4 million, respectively, of unrecognized compensation cost related to CSRSU. The unrecognized compensation cost related to CSRSU at June 30, 2024 is expected to be recognized over the weighted average period of 2.25 years. Total compensation expense for CSRSUs was $0.5 million, $0.2 million and $0.1 million for the years ended June 30, 2024, 2023 and 2022, respectively.

Other Current Liabilities

Other Current Liabilities	12 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Other Current Liabilities	Note 15. Other Current Liabilities Other current liabilities consist of the following: As of June 30, (In thousands) 2024 2023 Other (1) $ 2,323 $ 3,334 Accrued workers’ compensation liabilities 481 992 Finance lease liabilities 193 193 Other current liabilities $ 2,997 $ 4,519 ___________ (1) Includes accrued property taxes, sales and use taxes and insurance liabilities.

Other Long-Term Liabilities

Other Long-Term Liabilities	12 Months Ended
	Jun. 30, 2024
Other Liabilities Disclosure [Abstract]
Other Long-Term Liabilities	Note 16. Other Long-Term Liabilities Other long-term liabilities include the following: As of June 30, (In thousands) 2024 2023 Derivative liabilities—noncurrent $ 1,505 $ — Deferred compensation (1) 505 267 Finance lease liabilities 101 270 Other long-term liabilities $ 2,111 $ 537 ___________ (1) Includes performance cash awards liability and payroll taxes.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Note 17. Income Taxes The current and deferred components of the provision for income taxes consist of the following: For the Years Ended June 30, (In thousands) 2024 2023 2022 Current: Federal $ — $ — $ — State 14 142 124 Total current income tax expense 14 142 124 Deferred: Federal — (373) — State — (94) — Total deferred income tax (benefit) expense — (467) — Income tax expense (benefit) $ 14 $ (325) $ 124 A reconciliation of income tax expense to the federal statutory tax rate is as follows: For the Years Ended June 30, (In thousands) 2024 2023 2022 Statutory tax rate 21% 21% 21% Income tax benefit at statutory rate $ (811) $ (7,216) $ (389) State income tax expense (benefit) (net of federal tax benefit) 933 2,407 (754) Valuation allowance (3,223) 3,788 1,767 Change in tax rate (26) (111) (210) Post-retirement medical plan and other offset in OCI — (467) — Other (net) 3,141 1,274 (290) Income tax expense (benefit) $ 14 $ (325) $ 124 Our federal corporate tax rate is 21%. Deferred tax amounts are calculated based on the rates at which they are expected to reverse in the future. The primary components of the temporary differences which give rise to the Company’s net deferred tax assets (liabilities) are as follows: As of June 30, (In thousands) 2024 2023 Deferred tax assets: Postretirement benefits $ 3,290 $ 5,349 Accrued liabilities 2,121 2,642 163(j) Interest Limitation 9,633 7,772 Net operating loss carryforward 54,981 55,566 Intangible assets 5,476 6,481 Right-of-use operating lease liabilities 9,009 6,346 Other 5,128 5,436 Total deferred tax assets 89,638 89,592 Deferred tax liabilities: Property, plant and equipment (4,086) (725) Right-of-use operating lease assets (8,865) (6,194) Other (1,284) (2,238) Total deferred tax liabilities (14,235) (9,157) Valuation allowance (75,403) (80,435) Net deferred tax liability $ — $ — At June 30, 2024, the Company had approximately $134.0 million of federal and $170.9 million of state net operating loss carryforwards that will begin to expire in the years ending June 30, 2027 and June 30, 2024, respectively. Net operating losses of $77.1 million in federal and $10.0 million of state are indefinite lived and will not expire. Additionally, at June 30, 2024, the Company had $0.9 million of federal and state tax credits. In assessing if the deferred tax assets will be realized, the Company considers whether it is probable that some or all of the deferred tax assets will not be realized. In determining whether the deferred taxes are realizable, the Company considers the period of expiration of the tax asset, historical and projected taxable income, and tax liabilities for the tax jurisdiction in which the tax asset is located. Valuation allowances are provided to reduce the amounts of deferred tax assets to an amount that is more likely than not to be realized based on an assessment of positive and negative evidence, including estimates of future taxable income necessary to realize future deductible amounts. For the years ended June 30, 2024, 2023 and 2022, due to recent cumulative losses, the Company concluded that certain federal and state net operating loss carry forwards and tax credit carryovers will not be utilized before expiration. The amounts of valuation allowance recorded in the Consolidated Balance Sheets were $75.4 million and $80.4 million to reduce deferred tax assets as of June 30, 2024 and 2023, respectively. As of, and for the three years ended June 30, 2024, 2023 and 2022, the Company had no significant uncertain tax positions. On August 16, 2022 the Inflation Reduction Act of 2022 was signed into law. The Company does not anticipate any material impact to our consolidated financial statements. The Company files income tax returns in the U.S. and in various state jurisdictions with varying statutes of limitations. The Company is no longer subject to U.S. income tax examinations for the fiscal years prior to June 30, 2021. We report income-based tax in multiple states with various years open to examination. Although the outcome of tax audits is always uncertain, the Company does not believe the outcome of any future audit will have a material adverse effect on the Company’s consolidated financial statements. The Company’s policy is to recognize interest expense and penalties related to income tax matters as a component of income tax expense. There were no amount of interest and penalties recognized in the Consolidated Balance Sheets in the fiscal years ended June 30, 2024 and 2023, associated with uncertain tax positions. Additionally, the Company did not record any income tax expense related to interest and penalties on uncertain tax positions in the fiscal years ended June 30, 2024, 2023 and 2022.

Net Loss Per Common Share

Net Loss Per Common Share	12 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Net Loss Per Common Share	Note 18. Net Loss Per Common Share Basic net loss per common share is calculated by dividing net loss attributable to the Company by the weighted average number of common shares outstanding during the periods presented. Diluted net loss per common share is calculated by dividing diluted net loss attributable to the Company by the weighted average number of common shares outstanding adjusted to include the effect, if dilutive, of the exercise of in-the-money stock options, unvested performance-based restricted stock units, unvested RSUs and shares of Series A Preferred Stock, as converted, during the periods presented. The calculation of dilutive shares outstanding excludes out-of-the-money stock options (i.e., such option’s exercise prices were greater than the average market price of our common shares for the period). Potentially dilutive securities include unvested RSUs and performance-based restricted stock units. For the year ended June 30, 2024, 2023 and 2022, shares of the Company’s outstanding RSUs, PBRSUs, preferred stock and stock options were not included in the computation of diluted loss per common share as their effects were anti-dilutive. The following table presents the computation of basic and diluted loss per common share, net of income taxes: For the Years Ended June 30, (In thousands, except share and per share amounts) 2024 2023 2022 Loss from continuing operations $ (3,875) $ (34,038) $ (2,568) Loss from discontinued operations $ — $ (45,142) $ (13,687) Net loss available to common stockholders—basic $ (3,875) $ (79,180) $ (16,255) Weighted average common shares outstanding—basic and diluted 20,873,266 19,621,992 18,200,080 Loss from continuing operations per common share available to common stockholders—basic and diluted $ (0.19) $ (1.74) $ (0.14) Loss from discontinued operations per common share available to common stockholders—basic and diluted $ — $ (2.30) $ (0.75) Net loss per common share available to common stockholders—basic and diluted $ (0.19) $ (4.04) $ (0.89) The following table summarizes anti-dilutive securities excluded from the computation of diluted net loss per common share for the periods indicated: For the Years Ended June 30, 2024 2023 2022 Shares issuable under stock options 19,450 331,658 452,537 Shares issuable under convertible preferred stock — — 452,667 Shares issuable under RSUs and PBRSUs 203,726 491,564 426,243

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 19. Commitments and Contingencies Purchase Commitments As of June 30, 2024, the Company had committed to purchase green coffee inventory totaling $34.0 million under fixed-price contracts and $17.7 million in inventory and other purchases under non-cancelable purchase orders. Legal Proceedings The Company is a party to various pending legal and administrative proceedings. It is management’s opinion that the outcome of such proceedings will not have a material impact on the Company’s financial position, results of operations, or cash flows.

Revenue Recognition

Revenue Recognition	12 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Note 20. Revenue Recognition 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 DSD to the Company’s customers at their place of business and directly 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: For the Years Ended June 30, 2024 2023 2022 (In thousands) $ % of total $ % of total $ % of total Net Sales by Product Category: Coffee (Roasted) $ 158,113 46.4 % $ 160,009 31.9 % $ 151,843 32.4 % Tea & Other Beverages (1) 90,069 26.4 % 88,241 17.6 % 80,547 17.2 % Culinary 65,938 19.3 % 64,429 12.9 % 55,782 11.9 % Spices 21,911 6.4 % 23,502 4.7 % 22,248 4.7 % Delivery Surcharge 5,063 1.5 % 3,783 0.8 % 4,363 0.9 % Net sales from continuing operations 341,094 100.0 % 339,964 67.9 % 314,783 67.1 % Net sales from discontinued operations — — % 160,977 32.1 % 154,410 32.9 % Net sales by product category $ 341,094 100.0 % $ 500,941 100.0 % $ 469,193 100.0 % ____________ (1) Includes all beverages other than roasted coffee, including frozen liquid coffee, and iced and hot tea, including cappuccino, cocoa, granitas, and concentrated and ready-to drink cold brew and iced coffee.

Preferred Stock

Preferred Stock	12 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Preferred Stock	Note 21. Preferred Stock The Company is authorized to issue 500,000 shares of preferred stock at a par value of $1.00, including 21,000 authorized shares of Series A Preferred Stock. There are no preferred shares issued and outstanding as of June 30, 2024. Effective August 25, 2022, 12,964 shares of Series A Preferred Stock were converted into 399,208 shares of common stock at a conversion price of $38.32, in accordance with the terms of the Company’s Designation of Series A Preferred Stock. The shares of Series A Preferred Stock were originally issued to Boyd on October 2, 2017 pursuant to the Boyd Purchase Agreement. 1,736 shares of Series A Preferred Stock originally issued to Boyd in accordance with the terms of the Boyd Purchase Agreement were previously reacquired and cancelled by the Company as part of a settlement with Boyd on July 26, 2022. The shares of Series A Preferred Stock converted represented all of the issued and outstanding shares of Series A Preferred Stock. In connection therewith, the Company withheld the Holdback Shares against Boyd. In fiscal year 2023, as a result of the settlement entered into with Boyd, the Company recorded a $1.9 million gain on settlement with Boyd, in general and administrative expense on the consolidated statement of operations, which included the cancellation of preferred shares and settlement of acquisition-related contingent liabilities.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net loss	$ (3,875)	$ (79,180)	$ (15,661)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Jun. 30, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”).
Principles of Consolidation	Principles of Consolidation
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and the accompanying notes. The Company reviews its estimates on an ongoing basis using currently available information. Changes in facts and circumstances may result in revised estimates and actual results may differ from those estimates.
Cash Equivalents	Cash Equivalents The Company considers all highly liquid investments with original maturity dates of 90 days or less to be cash equivalents. Fair values of cash equivalents approximate cost due to the short period of time to maturity.
Allowance for Credit Losses	Allowance for credit losses A portion of our accounts receivable is not expected to be collected due to non-payment, bankruptcies and deductions. Our accounting policy for the allowance for credit losses requires us to reserve an amount based on the evaluation of the aging of accounts receivable, detailed analysis of high-risk customers’ accounts, historical customer losses and the overall market and economic conditions of our customers to estimate future losses. This evaluation considers the customer demographic, such as large commercial customers as compared to small businesses or individual customers. We consider our accounts receivable delinquent or past due based on payment terms established with each customer. Accounts receivable are written off when the accounts are determined to be uncollectible.
Fair Value Measurements	Fair Value Measurements The Company groups its assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: • Level 1—Valuation is based upon quoted prices for identical instruments traded in active markets. • Level 2—Valuation is based upon inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly (i.e. interest rate and yield curves observable at commonly quoted intervals, default rates, etc.). Observable inputs include quoted prices for similar instruments in active and non-active markets. Level 2 includes those financial instruments that are valued with industry standard valuation models that incorporate inputs that are observable in the marketplace throughout the full term of the instrument, or can otherwise be derived from or supported by observable market data in the marketplace. Level 2 inputs may also include insignificant adjustments to market observable inputs. • Level 3—Valuation is based upon one or more unobservable inputs that are significant in establishing a fair value estimate. These unobservable inputs are used to the extent relevant observable inputs are not available and are developed based on the best information available. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.
Derivative Instruments	Derivative Instruments The Company executes various derivative instruments to hedge its commodity price and interest rate risks. These derivative instruments consist primarily of forward, option and swap contracts. The Company reports the fair value of derivative instruments on its consolidated balance sheets in “Short-term derivative assets,” “Other assets,” “Short-term derivative liabilities,” or “Other long-term liabilities.” The Company determines the current and noncurrent classification based on the timing of expected future cash flows of individual trades and reports these amounts on a gross basis. Additionally, the Company reports, if any, cash held on deposit in margin accounts for coffee-related derivative instruments on a gross basis on its consolidated balance sheet in “Restricted cash.” The accounting for the changes in fair value of the Company's derivative instruments can be summarized as follows: Derivative Treatment Accounting Method Normal purchases and normal sales exception Accrual accounting Designated in a qualifying hedging relationship Hedge accounting All other derivative instruments Mark-to-market accounting The Company enters into green coffee purchase commitments at a fixed price or at a price to be fixed (“PTF”). PTF contracts are purchase commitments whereby the quality, quantity, delivery period, price differential to the coffee “C” market price and other negotiated terms are agreed upon, but the date, and therefore the price at which the base “C” market price will be fixed has not yet been established. The coffee “C” market price is fixed at some point after the purchase contract date and before the futures market closes for the delivery month and may be fixed either at the direction of the Company to the vendor, or by the application of a derivative that was separately purchased as a hedge. For both fixed-price and PTF contracts, the Company expects to take delivery of and to utilize the coffee in a reasonable period of time and in the conduct of normal business. Accordingly, these purchase commitments qualify as normal purchases and are not recorded at fair value on the Company's consolidated balance sheets. The Company follows the guidelines of Accounting Standards Codification (“ASC”) 815, “Derivatives and Hedging” (“ASC 815”), to account for certain coffee-related derivative instruments as accounting hedges, in order to minimize the volatility created in the Company's quarterly results from utilizing these derivative instruments and to improve comparability between reporting periods. For a derivative to qualify for designation in a hedging relationship, it must meet specific criteria and the Company must maintain appropriate documentation. The Company establishes hedging relationships pursuant to its risk management policies. The hedging relationships are evaluated at inception and on an ongoing basis to determine whether the hedging relationship is, and is expected to remain, highly effective in achieving offsetting changes in fair value or cash flows attributable to the underlying risk being hedged. The Company also regularly assesses whether the hedged forecasted transaction is probable of occurring. If a derivative ceases to be or is no longer expected to be highly effective, or if the Company believes the likelihood of occurrence of the hedged forecasted transaction is no longer probable, hedge accounting is discontinued for that derivative, and future changes in the fair value of that derivative are recognized in “Other, net ” in the consolidated statements of operations. For coffee-related derivative instruments designated as cash flow hedges, the change in fair value of the derivative is reported as accumulated other comprehensive income (loss) (“AOCI”) and subsequently reclassified into cost of goods sold in the period or periods when the hedged transaction affects earnings. Gains or losses deferred in AOCI associated with terminated derivative instruments, derivative instruments that cease to be highly effective hedges, derivative instruments for which the forecasted transaction is reasonably possible but no longer probable of occurring, and cash flow hedges that have been otherwise discontinued remain in AOCI until the hedged item affects earnings. If it becomes probable that the forecasted transaction designated as the hedged item in a cash flow hedge will not occur, any gain or loss deferred in AOCI is recognized in “Other, net” in the consolidated statements of operations at that time. For derivative instruments that are not designated in a hedging relationship, and for which the normal purchases and normal sales exception has not been elected, the changes in fair value are reported in “Other, net” in the consolidated statements of operations. See Note 5 , Derivative Instruments .
Concentration of Credit Risk	Concentration of Credit Risk At June 30, 2024, the financial instruments which potentially expose the Company to concentration of credit risk consist of cash in financial institutions (in excess of federally insured limits), derivative instruments and trade receivables. The Company does not have any credit-risk related contingent features that would require it to post additional collateral in support of its net derivative liability positions. At June 30, 2024 and 2023, none of the cash in the Company’s coffee-related derivative margin accounts was restricted. Further changes in commodity prices and the number of coffee-related derivative instruments held, could have a significant impact on cash deposit requirements under certain of the Company's broker and counterparty agreements. Approximately 11% and 33% of the Company’s accounts receivable balance was with five customers at June 30, 2024 and 2023, respectively. There were no customers that accounted for more than 10% of the Company’s accounts receivable balance as of June 30, 2024. The Company estimates its credit risk for accounts receivable at the amount recorded on the balance sheet. The accounts receivable are generally short-term and all estimated credit losses have been appropriately considered in establishing the allowance for credit losses.
Inventories	Inventories
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment is carried at cost, less accumulated depreciation. Depreciation is computed using the straight-line method. The following useful lives are used: Buildings and facilities 10 to 30 years Machinery and equipment 3 to 15 years Office furniture and equipment 5 to 7 years Capitalized software 3 to 5 years Equipment under finance leases Shorter of term of lease or estimated useful life
Coffee Brewing Equipment and Service	Coffee Brewing Equipment and Service The Company capitalizes coffee brewing equipment and depreciates it over five years and reports the depreciation expense in cost of goods sold. Other non-depreciation expenses related to coffee brewing equipment provided to customers, such as the cost of servicing that equipment (including service employees’ salaries, cost of transportation and the cost of supplies and parts), are considered directly attributable to the generation of revenues from the customers. These non-depreciation expenses are also included in cost of goods sold. See Note 10 , Property, Plant and Equipment for details of the depreciation amounts and non-depreciation expenses.
Leases	Leases The Company makes a determination if an arrangement constitutes a lease at inception, and categorizes the lease as either an operating or finance lease. Operating leases are included in right-of-use operating lease assets and operating lease liabilities in the Company's Consolidated Balance Sheets. Finance leases are included in property, plant and equipment, net and other liabilities in the Consolidated Balance Sheets. Leases with an initial term of 12 months or less are not recorded on the Consolidated Balance Sheets. The Company has entered into leases for building facilities, vehicles and other equipment. The Company’s leases have remaining contractual terms of up to 7 years, some of which have options to extend the lease for up to an additional 10 years. For purposes of calculating operating lease liabilities, lease terms are deemed not to include options to extend the lease renewals until it is reasonably certain that the Company will exercise that option. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants.
Income Taxes and Deferred Tax Asset Valuation Allowance	Income Taxes Deferred income taxes are determined based on the temporary differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates in effect for the year in which differences are expected to reverse. Estimating the Company’s tax liabilities involves judgments related to uncertainties in the application of complex tax regulations. The Company makes certain estimates and judgments to determine tax expense for financial statement purposes as it evaluates the effect of tax credits, tax benefits and deductions, some of which result from differences in the timing of recognition of revenue or expense for tax and financial statement purposes. Changes to these estimates may result in significant changes to the Company’s tax provision in future periods. Deferred Tax Asset Valuation Allowance The Company evaluates its deferred tax assets quarterly to determine if a valuation allowance is required and considers whether a valuation allowance should be recorded against deferred tax assets based on the likelihood that the benefits of the deferred tax assets will or will not ultimately be realized in future periods. In making this assessment, significant weight is given to evidence that can be objectively verified, such as recent operating results, and less consideration is given to less objective indicators, such as future income projections. After consideration of positive and negative evidence, if the Company determines that it is more likely than not that it will generate future income sufficient to realize its deferred tax assets, the Company will record a reduction in the valuation allowance.
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with the way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. We recognize revenue at a point in time upon delivery of the ordered goods to our customers. Revenues are recognized net of any discounts, returns, allowances, rebates and incentives. The Company performs the following steps to determine revenue recognition for an arrangement: (1) identify the contract(s) with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when (or as) the performance obligations are satisfied. 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 DSD to the Company’s customers at their place of business and directly 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.
Net Loss Per Common Share	Net Loss Per Common Share Net loss per share (“EPS”) represents net loss available to common stockholders divided by the weighted-average number of common shares outstanding for the period. Dividends on the Company's outstanding Series A Convertible Participating Cumulative Perpetual Preferred Stock, par value $1.00 per share ("Series A Preferred Stock"), that the Company has paid or intends to pay are deducted from net loss in computing net loss available to common stockholders. Under the two-class method, net loss available to nonvested restricted stockholders and holders of Series A Preferred Stock is excluded from net loss available to common stockholders for purposes of calculating basic and diluted EPS. Diluted EPS represents net loss available to holders of common stock divided by the weighted-average number of common shares outstanding, inclusive of the dilutive impact of common equivalent shares outstanding during the period. Common equivalent shares include potentially dilutive shares from share-based compensation including stock options, unvested restricted stock, unvested performance-based restricted stock units, and shares of Series A Preferred Stock, as converted, because they are deemed participating securities. In the absence of contrary information, the Company assumes 100% of the target shares are issuable under performance-based restricted stock units.
Employee Stock Ownership Plan	Employee Stock Ownership Plan Effective January 1, 2022, the Company merged the ESOP plan into the 401(k) Plan and transferred all of the assets and shares in the ESOP to the 401(k) Plan.
Share-based Compensation	Share-based Compensation The Company measures all share-based compensation cost at the grant date, based on the fair values of the awards that are ultimately expected to vest, and recognizes that cost as an expense on a straight line-basis in its consolidated statements of operations over the requisite service period. Fair value of restricted stock and performance-based restricted stock units is the closing price of the Company's common stock on the date of grant. The Company estimates the fair value of option awards using the Black-Scholes option valuation model, which requires management to make certain assumptions for estimating the fair value of stock options at the date of grant. In addition, the Company estimates the expected impact of forfeited awards and recognizes share-based compensation cost only for those awards ultimately expected to vest. If actual forfeiture rates differ materially from the Company’s estimates, share-based compensation expense could differ significantly from the amounts the Company has recorded in the current period. The Company periodically reviews actual forfeiture experience and will revise its estimates, as necessary. The Company will recognize as compensation cost the cumulative effect of the change in estimated forfeiture rates on current and prior periods in earnings of the period of revision. As a result, if the Company revises its assumptions and estimates, the Company’s share-based compensation expense could change materially in the future. The Company's outstanding share-based awards include performance-based restricted stock units ("PBRSUs") that have performance-based vesting conditions in addition to time-based vesting. Awards with performance-based vesting conditions require the achievement of certain financial and other performance criteria as a condition to the vesting. The Company recognizes the estimated fair value of performance-based awards, net of estimated forfeitures, as share-based compensation expense over the service period based upon the Company’s determination of whether it is probable that the performance targets will be achieved. At each reporting period, the Company reassesses the probability of achieving the performance criteria and the performance period required to meet those targets. Determining whether the performance criteria will be achieved involves judgment, and the estimate of share-based compensation expense may be revised periodically based on changes in the probability of achieving the performance criteria. Revisions are reflected in the period in which the estimate is changed. If performance goals are not met, no share-based compensation expense is recognized for the cancelled PNQs or PBRSUs and, to the extent share-based compensation expense was previously recognized for those cancelled PNQs or PBRSUs, such share-based compensation expense is reversed. If performance goals are exceeded and the payout is more than 100% of the target shares, additional compensation expense is recorded in the period when that determination is certified by the Compensation Committee of the Board of Directors. The Company also has Cash-Settled Restricted Stock Units ("CSRSUs") which are accounted for as liability awards, with compensation expense measured at fair value on the date of grant and recognized on a straight-line basis over the vesting period, net of forfeitures. Compensation expense is remeasured at each reporting date with a cumulative adjustment to compensation cost during the period based on changes in the Common Stock's closing share price.
Impairment of Indefinite-lived Intangible Assets	Impairment of Indefinite-lived Intangible Assets
Other Intangible Assets	Other Intangible Assets Other intangible assets consist of finite-lived intangible assets including customer relationships. These assets are amortized over their estimated useful lives and are tested for impairment by grouping them with other assets at the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets and liabilities. The estimated future
Self-Insurance	Self-Insurance The Company uses a combination of insurance and self-insurance mechanisms to provide for the potential liability of certain risks including workers’ compensation, health care benefits, general liability, product liability, property insurance and director and officers’ liability insurance. Liabilities associated with risks retained by the Company are not discounted and are estimated by considering historical claims experience, demographics, exposure and severity factors and other actuarial assumptions. The Company's self-insurance for workers’ compensation liability includes estimated outstanding losses of unpaid claims, and allocated loss adjustment expenses (“ALAE”), case reserves, the development of known claims and incurred but not reported claims. ALAE are the direct expenses for settling specific claims. The amounts reflect per occurrence and annual aggregate limits maintained by the Company. The estimated liability analysis does not include estimating a provision for unallocated loss adjustment expenses. The estimated gross undiscounted workers’ compensation liability relating to such claims was $2.0 million and $3.3 million, as of June 30, 2024 and 2023, respectively. The estimated recovery from reinsurance was $0.2 million and $0.7 million, as of June 30, 2024 and 2023, respectively. The short-term and long-term accrued liabilities for workers’ compensation claims are presented on the Company's consolidated balance sheets in “Other current liabilities” and in “Accrued workers' compensation liabilities,” respectively. The estimated insurance receivable is included in “Other assets” on the Company's consolidated balance sheets. The Company had posted $4.1 million and $4.0 million letters of credit as a security deposit for self-insuring workers’ compensation, general liability and auto insurance coverages as of June 30, 2024 and June 30, 2023, respectively. The estimated liability related to the Company's self-insured group medical insurance was $0.6 million and $0.5 million for the years ended June 30, 2024 and 2023, recorded on an incurred but not reported basis, within deductible limits, based on actual claims and the average lag time between the date insurance claims are filed and the date those claims are paid. The Company accrues the cost for general liability, product liability and commercial auto liability insurance based on estimates of the aggregate liability claims incurred using certain actuarial assumptions and historical claims experience. The Company's liability reserve for such claims was $1.6 million and $1.4 million at June 30, 2024 and 2023, respectively. The estimated liability related to the Company's self-insured group medical insurance, general liability, product liability and commercial auto liability is included on the Company's consolidated balance sheets in “Other current liabilities.”
Postretirement Benefits and Pension Plans	Postretirement Benefits The Company provides a postretirement death benefit (“Death Benefit”) to certain employees and retirees, subject, in the case of current employees, to continued employment with the Company until retirement and certain other conditions related to the manner of employment termination and manner of death. The Company records the actuarially determined liability for the present value of the postretirement death benefit. The Company purchased life insurance policies to fund the postretirement death benefit wherein the Company owns the policy but the postretirement death benefit is paid to the employee's or retiree's beneficiary. The Company records an asset for the fair value of the life insurance policies which equates to the cash surrender value of the policies. Pension Plans The Company’s defined benefit pension plans are not admitting new participants, therefore, changes to pension liabilities are primarily due to market fluctuations of investments for existing participants and changes in interest rates. The Company’s defined benefit pension plans are accounted for using the guidance of ASC 710, “Compensation—General“ and ASC 715, “Compensation-Retirement Benefits“ and are measured as of the end of the fiscal year.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company considers the applicability and impact of all ASUs issued. ASUs not listed below were assessed and either determined to be not applicable or expected to have minimal impact on its consolidated financial statements. The following table provides a brief description of the recent ASUs applicable to the company: Standard Description Effective Date Effect on the Financial Statements or Other Significant Matters In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740)”, Improvements to Income Tax Disclosures The amendments in this Update address investor requests for more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. Effective for The Company is still evaluating the impact of this standard. In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280)”, Improvements to Reportable Segment Disclosures. The amendments in this Update are to improve the disclosures about a public entity’s reportable segments and address requests from investors for additional, more detailed information about a reportable segment’s expenses. Effective for The Company is still evaluating the impact of this standard.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of Property, Plant and Equipment	The following useful lives are used: Buildings and facilities 10 to 30 years Machinery and equipment 3 to 15 years Office furniture and equipment 5 to 7 years Capitalized software 3 to 5 years Equipment under finance leases Shorter of term of lease or estimated useful life As of June 30, (In thousands) 2024 2023 Buildings and facilities $ 20,441 $ 20,146 Machinery and equipment 108,757 144,473 Capitalized software 9,190 7,934 Office furniture and equipment 8,486 8,231 146,874 180,784 Accumulated depreciation (113,790) (147,920) Land 918 918 Property, plant and equipment, net $ 34,002 $ 33,782 Capitalized CBE included in machinery and equipment above are: As of June 30, (In thousands) 2024 2023 Coffee Brewing Equipment $ 66,596 $ 93,159 Accumulated depreciation (39,941) (66,953) Coffee Brewing Equipment, net $ 26,655 $ 26,206 Depreciation expense related to capitalized CBE and other CBE related expenses (excluding CBE depreciation) provided to customers and reported in cost of goods sold were as follows: For the Years Ended June 30, (In thousands) 2024 2023 2022 Depreciation expense $ 7,344 $ 7,213 $ 7,492 Other CBE expenses 36,859 32,298 25,773

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The operating results of the divested operations, have been reclassified as discontinued operations in the Consolidated Statements of Operations for the years ended June 30, 2023 and 2022, as detailed in the table below: For the year ended June 30, (In thousands) 2023 2022 Net sales $ 160,977 $ 154,410 Cost of goods sold 162,227 151,309 Gross (loss) profit (1,250) 3,101 Selling expenses 6,578 7,819 General and administrative expenses 4,750 3,929 Loss on sale of assets 25,414 — Operating expense 36,742 11,748 Loss from discontinued operations (37,992) (8,647) Other (expense) income: Interest expense (9,008) (5,507) Other, net 1,124 42 Total other (expense) (7,884) (5,465) Loss from discontinued operations before taxes (45,876) (14,112) Income tax benefit (734) (425) Loss from discontinued operations, net of income taxes $ (45,142) $ (13,687) Applicable Consolidated Statements of Cash Flow information related to the divested operations for the years ended June 30, 2023 and 2022 are detailed in the table below: For the Years Ended June 30, (In thousands) 2023 2022 Cash Flows from Discontinued Operations Net cash provided by (used in) operating activities 444 (13,192) Net cash provided by (used in) investing activities 88,105 (1,539) The following table presents net carrying value related to the major classes of assets that were classified as held for sale at June 30, 2024 and June 30, 2023 : (In thousands) June 30, 2024 June 30, 2023 Building and facilities $ 120 $ 4,327 Land 232 3,443 Assets held for sale $ 352 $ 7,770

Sales of Assets - Sales of Asse

Sales of Assets - Sales of Assets (Tables)	12 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The operating results of the divested operations, have been reclassified as discontinued operations in the Consolidated Statements of Operations for the years ended June 30, 2023 and 2022, as detailed in the table below: For the year ended June 30, (In thousands) 2023 2022 Net sales $ 160,977 $ 154,410 Cost of goods sold 162,227 151,309 Gross (loss) profit (1,250) 3,101 Selling expenses 6,578 7,819 General and administrative expenses 4,750 3,929 Loss on sale of assets 25,414 — Operating expense 36,742 11,748 Loss from discontinued operations (37,992) (8,647) Other (expense) income: Interest expense (9,008) (5,507) Other, net 1,124 42 Total other (expense) (7,884) (5,465) Loss from discontinued operations before taxes (45,876) (14,112) Income tax benefit (734) (425) Loss from discontinued operations, net of income taxes $ (45,142) $ (13,687) Applicable Consolidated Statements of Cash Flow information related to the divested operations for the years ended June 30, 2023 and 2022 are detailed in the table below: For the Years Ended June 30, (In thousands) 2023 2022 Cash Flows from Discontinued Operations Net cash provided by (used in) operating activities 444 (13,192) Net cash provided by (used in) investing activities 88,105 (1,539) The following table presents net carrying value related to the major classes of assets that were classified as held for sale at June 30, 2024 and June 30, 2023 : (In thousands) June 30, 2024 June 30, 2023 Building and facilities $ 120 $ 4,327 Land 232 3,443 Assets held for sale $ 352 $ 7,770

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Jun. 30, 2024
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 June 30, 2024 and 2023: As of June 30, (In thousands) 2024 2023 Derivative instruments designated as cash flow hedges: Long coffee pounds — 1,538 Derivative instruments not designated as cash flow hedges: Long coffee pounds 71 6,713 Less: Short coffee pounds — (4,388) Total 71 3,863
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheets	Fair values of derivative instruments on the Company's consolidated balance sheets: Derivative Instruments Derivative Instruments Not Designated as Accounting Hedges As of June 30, As of June 30, (In thousands) 2024 2023 2024 2023 Financial Statement Location: Short-term derivative assets: Coffee-related derivative instruments(1) $ — $ 4 $ 11 $ 64 Long-term derivative assets: Coffee-related derivative instruments(2) — — 33 — Short-term derivative liabilities: Coffee-related derivative instruments(3) — 158 730 2,478 Long-term derivative liabilities: Coffee-related derivative instruments(4) — — 1,505 — ________________ (1) Included in “Short-term derivative assets” on the Company's consolidated balance sheets. (2) Included in “Other assets” on the Company's consolidated balance sheets. (3) Included in “Short-term derivative liability” on the Company's consolidated balance sheets. (4) Included in “Other Long-term liabilities” on the Company's 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 “Interest expense”. Year Ended June 30, Financial Statement Classification (In thousands) 2024 2023 2022 Net gains (losses) recognized from AOCI to earnings - Interest rate swap — 396 (7) Interest Expense Net losses reclassified from AOCI to earnings for partial unwind of interest swap - Interest rate swap — (1,305) (1,201) Interest Expense Net (gains) losses recognized in AOCI - Coffee-related (406) 2,384 (12,172) AOCI Net (loss) gains recognized in earnings - Coffee-related (615) 1,392 15,865 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: Year Ended June 30, (In thousands) 2024 2023 2022 Net gains (losses) on coffee-related derivative instruments (1) $ 503 $ (6,978) $ 4,498 Non-operating pension and other postretirement benefit plans credits 3,648 2,910 3,598 Other (losses) gains, net 2,073 (174) 44 Other, net $ 6,224 $ (4,242) $ 8,140 ___________ (1) Excludes net losses and net gains on coffee-related derivative instruments designated as cash flow hedges recorded in cost of goods sold in the fiscal years ended June 30, 2024, 2023 and 2022.
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table provides the balances and changes in accumulated other comprehensive income (loss) related to derivative instruments for the indicated periods: June 30, (In thousands) 2024 2023 2022 Accumulated other comprehensive loss (income) beginning balance $ 1,175 $ (1,692) $ (4,177) Net gains (losses) recognized from AOCI to earnings - Interest rate swap — 396 (7) Net losses reclassified from AOCI to earnings for partial unwind of interest swap - Interest rate swap — (1,305) (1,201) Net (gains) losses recognized in AOCI - Coffee-related (406) 2,384 (12,172) Net (loss) gains recognized in earnings - Coffee-related (615) 1,392 15,865 Accumulated other comprehensive loss (income) ending balance $ 154 $ 1,175 $ (1,692)
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 As of June 30, 2024 Derivative Assets $ 44 $ (44) $ — $ — Derivative Liabilities 2,235 (44) — 2,191 As of June 30, 2023 Derivative Assets 68 (68) — — Derivative Liabilities 2,636 (68) — 2,568
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 As of June 30, 2024 Derivative Assets $ 44 $ (44) $ — $ — Derivative Liabilities 2,235 (44) — 2,191 As of June 30, 2023 Derivative Assets 68 (68) — — Derivative Liabilities 2,636 (68) — 2,568

Leases (Tables)

Leases (Tables)	12 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Assets And Liabilities, Lessee	Supplemental consolidated balance sheet information related to leases is as follows: As of June 30, (In thousands) Classification 2024 2023 Operating lease assets Right-of-use operating lease assets $ 35,241 $ 24,593 Finance lease assets Property, plant and equipment, net 246 410 Total lease assets $ 35,487 $ 25,003 Operating lease liabilities - current Operating lease liabilities - current 14,046 8,040 Finance lease liabilities - current Other current liabilities 193 193 Operating lease liabilities - noncurrent Operating lease liabilities - noncurrent 21,766 17,157 Finance lease liabilities -noncurrent Other long-term liabilities 82 251 Total lease liabilities $ 36,087 $ 25,641
Lease, Cost	The components of lease expense are as follows: For the Years Ended June 30, (In thousands) 2024 2023 2022 Operating lease expense $ 13,785 $ 7,943 $ 7,526 Finance lease expense: Amortization of finance lease assets 164 164 164 Interest on finance lease liabilities 24 34 44 Total lease expense $ 13,973 $ 8,141 $ 7,734 Lease term and discount rate: For the Years Ended June 30, 2024 2023 Weighted-average remaining lease terms (in years): Operating lease 5.2 5.9 Finance lease 1.5 2.5 Weighted-average discount rate: Operating lease 6.65 % 6.20 % Finance lease 6.50 % 6.50 % Other Information: For the Years Ended June 30, (In thousands) 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 12,956 $ 7,845 Operating cash flows from finance leases 24 34 Financing cash flows from finance leases 193 193
Lessee, Operating Lease, Liability, Maturity	The maturities of the lease liabilities are as follows: For the Years Ended June 30, (In thousands) Operating Leases Finance Leases 2025 $ 14,046 $ 193 2026 9,627 96 2027 7,205 — 2028 6,244 — 2029 3,220 — Thereafter 317 — Total lease payments 40,659 289 Less: interest (4,847) (14) Total lease obligations $ 35,812 $ 275

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis	Assets and liabilities measured and recorded at fair value on a recurring basis were as follows: (In thousands) Total Level 1 Level 2 Level 3 As of June 30, 2024 Derivatives not designated as accounting hedges: Coffee-related derivative assets (1) 44 — 44 — Coffee-related derivative liabilities (1) 2,235 — 2,235 — Total Level 1 Level 2 Level 3 As of June 30, 2023 Derivative instruments designated as cash flow hedges: Coffee-related derivative assets (1) $ 4 $ — $ 4 $ — Coffee-related derivative liabilities (1) 158 — 158 — Derivatives not designated as accounting hedges: Coffee-related derivative assets (1) 64 — 64 — Coffee-related derivative liabilities (1) 2,478 — 2,478 — ____________________ (1)

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	As of June 30, (In thousands) 2024 2023 Trade receivables $ 34,438 $ 42,914 Other receivables (1) 1,419 2,631 Allowance for credit losses (710) (416) Accounts receivable, net $ 35,147 $ 45,129 ____________________ (1)
Schedule of Allowance for Accounts and Notes Receivable	Allowance for credit losses: (In thousands) Balance at June 30, 2022 $ (195) Provision (743) Write-offs 288 Recovery 234 Balance at June 30, 2023 (416) Provision (748) Write-offs 306 Recovery 148 Balance at June 30, 2024 $ (710)

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	As of June 30, (In thousands) 2024 2023 Coffee Processed $ 22,432 $ 15,860 Unprocessed 6,105 7,409 Total 28,537 23,269 Tea and culinary products Processed 25,166 21,418 Unprocessed 41 63 Total 25,207 21,481 Coffee brewing equipment parts 3,486 4,526 Total inventories $ 57,230 $ 49,276

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	The following useful lives are used: Buildings and facilities 10 to 30 years Machinery and equipment 3 to 15 years Office furniture and equipment 5 to 7 years Capitalized software 3 to 5 years Equipment under finance leases Shorter of term of lease or estimated useful life As of June 30, (In thousands) 2024 2023 Buildings and facilities $ 20,441 $ 20,146 Machinery and equipment 108,757 144,473 Capitalized software 9,190 7,934 Office furniture and equipment 8,486 8,231 146,874 180,784 Accumulated depreciation (113,790) (147,920) Land 918 918 Property, plant and equipment, net $ 34,002 $ 33,782 Capitalized CBE included in machinery and equipment above are: As of June 30, (In thousands) 2024 2023 Coffee Brewing Equipment $ 66,596 $ 93,159 Accumulated depreciation (39,941) (66,953) Coffee Brewing Equipment, net $ 26,655 $ 26,206 Depreciation expense related to capitalized CBE and other CBE related expenses (excluding CBE depreciation) provided to customers and reported in cost of goods sold were as follows: For the Years Ended June 30, (In thousands) 2024 2023 2022 Depreciation expense $ 7,344 $ 7,213 $ 7,492 Other CBE expenses 36,859 32,298 25,773

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	The following is a summary of the Company’s amortized and unamortized intangible assets: As of June 30, Weighted Average Amortization Period as of June 30, 2024 2024 2023 (In thousands) Gross Accumulated Net Gross Accumulated Net Amortized intangible assets: Customer relationships 2.8 $ 33,003 $ (26,292) $ 6,711 $ 33,003 $ (24,092) $ 8,911 Recipes 0.0 930 (930) — 930 (885) 45 Trade name/brand name 0.0 510 (510) — 510 (495) 15 Total amortized intangible assets 34,443 (27,732) 6,711 34,443 (25,472) 8,971 Unamortized intangible assets: Trademarks, trade names and brand name with indefinite lives 4,522 — 4,522 4,522 — 4,522 Total unamortized intangible assets 4,522 — 4,522 4,522 — 4,522 Total intangible assets $ 38,965 $ (27,732) $ 11,233 $ 38,965 $ (25,472) $ 13,493
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	At June 30, 2024, future annual amortization of finite-lived intangible assets for the fiscal years 2025 through 2028 is estimated to be (in thousands): For the fiscal year ending: June 30, 2025 $ 2,200 June 30, 2026 2,200 June 30, 2027 1,911 June 30, 2028 400 Total $ 6,711

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Jun. 30, 2024
Retirement Benefits [Abstract]
Obligations and Funded Status of Pension Plan	As of June 30, 2024, the Company has two defined benefit pension plans for certain employees (the "Farmer Bros. Plan" and the “Hourly Employees' Plan”). Farmer Bros. Plan Hourly Employees’ Plan Total ($ in thousands) 2024 2023 2024 2023 2024 2023 Change in projected benefit obligation Benefit obligation at the beginning of the year $ 95,406 $ 102,508 $ 3,801 $ 3,951 $ 99,207 $ 106,459 Interest cost 4,631 4,451 186 173 4,817 4,624 Actuarial gain (2,119) (5,008) (310) (132) (2,429) (5,140) Benefits paid (6,535) (6,545) (194) (191) (6,729) (6,736) Projected benefit obligation at the end of the year $ 91,383 $ 95,406 $ 3,483 $ 3,801 $ 94,866 $ 99,207 Change in plan assets Fair value of plan assets at the beginning of the year $ 75,934 $ 74,250 $ 3,690 $ 3,848 $ 79,624 $ 78,098 Actual return on plan assets 7,543 6,147 165 33 7,708 6,180 Employer contributions 2,332 2,082 — — 2,332 2,082 Benefits paid (6,535) (6,545) (194) (191) (6,729) (6,736) Fair value of plan assets at the end of the year $ 79,274 $ 75,934 $ 3,661 $ 3,690 $ 82,935 $ 79,624 Funded status at end of year (underfunded) $ (12,109) $ (19,472) $ 178 $ (111) $ (11,931) $ (19,583) Amounts recognized in consolidated balance sheets Non-current assets — — 178 — 178 — Noncurrent liabilities (12,109) (19,472) — (111) (12,109) (19,583) Total $ (12,109) $ (19,472) $ 178 $ (111) $ (11,931) $ (19,583) Amounts recognized in AOCI Net loss 22,291 28,444 (185) 137 22,106 28,581 Total accumulated OCI (not adjusted for applicable tax) $ 22,291 $ 28,444 $ (185) $ 137 $ 22,106 $ 28,581 Weighted average assumptions used to determine benefit obligations Discount rate 5.35 % 5.05 % 5.35 % 5.05 % 5.35 % 5.05 % Rate of compensation increase N/A N/A N/A N/A N/A N/A
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)	Components of Net Periodic Benefit Cost and Other Changes Recognized in Other Comprehensive Income (Loss) (OCI) Farmer Bros. Plan Hourly Employees’ Plan June 30, Total ($ in thousands) 2024 2023 2022 2024 2023 2022 2024 2023 2022 Components of net periodic benefit cost Interest cost 4,631 4,451 3,262 186 173 129 4,817 4,624 3,391 Expected return on plan assets (4,336) (3,906) (4,734) (152) (129) (214) (4,488) (4,035) (4,948) Amortization of net loss 827 1,125 1,356 — — — 827 1,125 1,356 Net periodic benefit cost $ 1,122 $ 1,670 $ (116) $ 34 $ 44 $ (85) $ 1,156 $ 1,714 $ (201) Other changes recognized in OCI Net gain (1) $ (5,326) $ (7,249) $ (7,542) $ (322) $ (36) $ (279) $ (5,648) $ (7,285) $ (7,821) Amortization of net loss (827) (1,125) (1,356) — — — (827) (1,125) (1,356) Total recognized in other comprehensive income (loss) $ (6,153) $ (8,374) $ (8,898) $ (322) $ (36) $ (279) $ (6,475) $ (8,410) $ (9,177) Total recognized in net periodic benefit cost and OCI $ (5,031) $ (6,704) $ (9,014) $ (288) $ 8 $ (364) $ (5,319) $ (6,696) $ (9,378) Weighted-average assumptions used to determine net periodic benefit cost Discount rate 5.05 % 4.50 % 2.60 % 5.05 % 4.50 % 2.60 % 5.05 % 4.50 % 2.60 % Expected long-term return on plan assets 7.00 % 6.50 % 6.25 % 5.50 % 4.75 % 6.50 % 6.25 % 5.63 % 6.38 % Rate of compensation increase N/A N/A N/A N/A N/A N/A N/A N/A N/A (1) Net gain for fiscal year ended June 30, 2024, 2023 and 2022 was primarily due to plan assets returns. As of June 30, (In thousands) 2024 2023 Change in Benefit Obligation: Projected postretirement benefit obligation at beginning of year $ 826 $ 844 Service cost — — Interest cost 42 39 Actuarial (gains) losses (9) (57) Benefits paid — — Projected postretirement benefit obligation at end of year $ 859 $ 826 Year Ended June 30, (In thousands) 2024 2023 Change in Plan Assets: Fair value of plan assets at beginning of year $ — $ — Employer contributions — — Benefits paid — — Fair value of plan assets at end of year $ — $ — Projected postretirement benefit obligation at end of year 859 826 Funded status of plan $ (859) $ (826) June 30, (In thousands) 2024 2023 Amounts Recognized in the Consolidated Balance Sheets Consist of: Current liabilities $ (69) $ (61) Noncurrent liabilities (790) (765) Total $ (859) $ (826)
Schedule of Allocation of Plan Assets	Additional Disclosures Farmer Bros. Plan Hourly Employees’ Plan Total ($ in thousands) 2024 2023 2024 2023 2024 2023 Comparison of obligations to plan assets Projected benefit obligation $ 91,383 $ 95,406 $ 3,483 $ 3,801 $ 94,866 $ 99,207 Accumulated benefit obligation 91,383 95,406 3,483 3,801 94,866 99,207 Fair value of plan assets at measurement date 79,274 75,934 3,661 3,690 82,935 79,624 Plan assets by category Equity securities 37,849 49,516 — 750 37,849 50,266 Debt securities 37,504 20,765 3,661 2,940 41,165 23,705 Real estate 3,921 5,653 — — 3,921 5,653 Total $ 79,274 $ 75,934 $ 3,661 $ 3,690 $ 82,935 $ 79,624 Plan assets by category Equity securities 47.7 % 65.2 % — % 20.3 % 45.6 % 63.1 % Debt securities 47.3 % 27.3 % 100.0 % 79.7 % 49.7 % 29.8 % Real estate 5.0 % 7.5 % — % — % 4.7 % 7.1 % Total 100 % 100 % 100 % 100 % 100 % 100 % Fair values of plan assets were as follows: As of June 30, 2024 (In thousands) Total Level 1 Level 2 Level 3 Investments measured at NAV Farmer Bros. Plan $ 79,274 $ — $ — $ — $ 79,274 Hourly Employees’ Plan 3,661 — — — 3,661 As of June 30, 2023 (In thousands) Total Level 1 Level 2 Level 3 Investments measured at NAV Farmer Bros. Plan $ 75,934 $ — $ — $ — $ 75,934 Hourly Employees’ Plan 3,690 — — — 3,690 The Company's single employer pension plan—Hourly Employees' Plan target asset allocation remains in debt securities for fiscal 2025.The following is the target asset allocation for the Company's single employer pension plan— Farmer Bros. Plan—for fiscal 2025: Fiscal 2025 U.S. large cap equity securities 28.0 % U.S. small cap equity securities 10.0 % International equity securities 22.0 % Debt securities 35.0 % Real Asset 5.0 % Total 100.0 %
Schedule of Expected Benefit Payments	The following benefit payments are expected to be paid over the next 10 fiscal years: (In thousands) Farmer Bros. Plan Hourly Employees’ Plan Year Ending: June 30, 2025 $ 7,640 $ 260 June 30, 2026 7,210 240 June 30, 2027 7,300 260 June 30, 2028 7,310 260 June 30, 2029 7,270 260 June 30, 2030 to June 30, 2034 34,670 1,270 (In thousands) Estimated Future Benefit Payments: Year Ending: June 30, 2025 $ 71 June 30, 2026 73 June 30, 2027 74 June 30, 2028 75 June 30, 2029 75 June 30, 2030 to June 30, 2034 351 Expected Contributions: June 30, 2025 $ 71
Schedule of Multiemployer Plans	Contributions made by the Company to the multiemployer pension plans were as follows: (In thousands) WCTPP(1)(2)(3) All Other Plans Year Ended: June 30, 2024 $ 1,248 $ 35 June 30, 2023 1,280 28 June 30, 2022 961 29 ____________ (1) Individually significant plan. (2) Less than 5% of total contribution to WCTPP based on WCTPP's FASB Disclosure Statement (3) The Company guarantees that one hundred seventy-three (173) hours will be contributed upon for all employees who are compensated for all available straight time hours for each calendar month. An additional 6.5% of the basic contribution must be paid for PEER or the Program for Enhanced Early Retirement.
Schedule of Net Benefit Costs	The following table shows the components of net periodic postretirement benefit cost for the Retiree Medical Plan and Executive Death Benefit Plan for the fiscal years ended June 30, 2024, 2023 and 2022. Net periodic postretirement benefit cost for fiscal 2024 was based on employee census information as of June 30, 2024. Year Ended June 30, (In thousands) 2024 2023 2022 Components of Net Periodic Postretirement Benefit Cost (Credit): Service cost $ — $ — $ — Interest cost 42 39 27 Amortization of net gain — — 11 Net periodic postretirement benefit (credit) cost $ 42 $ 39 $ 38
Executive Death Benefit Plan	The tables below show the remaining bases for the transition (asset) obligation, prior service cost (credit), and the calculation of the amortizable gain or loss for the Executive Death Benefit Plan. Year Ended June 30, ($ in thousands) 2024 2023 Amortization of Net (Gain) Loss: Net loss as of July 1 $ 8 $ 17 Net loss subject to amortization 8 17 Corridor (10% of greater of APBO or assets) 86 83 Net loss in excess of corridor $ — $ — Amortization years 14.7 15.3

Debt Obligations (Tables)

Debt Obligations (Tables)	12 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	The following table summarizes the Company’s debt obligations: June 30, 2024 June 30, 2023 (In thousands) Debt Origination Date Maturity Principal Amount Borrowed Carrying Value Weighted Average Interest Rate Carrying Value Weighted Average Interest Rate Revolver various 4/26/2027 N/A $ 23,300 7.05 % $ 23,021 6.66 % __________ The weighted average interest rate excludes the fixed rate on the de-designated Amended Rate Swap

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	The following table summarizes NQO activity for the year ended June 30, 2024: Outstanding NQOs: Number of NQOs Weighted Average Exercise Price ($) Weighted Average Remaining Life (Years) Aggregate Intrinsic Value ($ in thousands) Outstanding at June 30, 2023 331,658 11.69 3.35 — Granted — — — — Exercised — — — — Cancelled/Forfeited — — — — Expired (312,208) 11.31 — — Outstanding at June 30, 2024 19,450 17.75 2.14 — Exercisable, June 30, 2024 19,450 17.75 2.14 — The following table summarizes PNQ activity for the year ended June 30, 2024: Outstanding PNQs: Number of PNQs Weighted Average Exercise Price ($) Weighted AverageRemaining Life (Years) Aggregate Intrinsic Value ($ in thousands) Outstanding at June 30, 2023 991 32.85 0.36 — Granted — — — — Exercised — — — — Cancelled/Forfeited — — — — Expired (991) 32.85 — — Outstanding at June 30, 2024 — — 0.00 — Exercisable, June 30, 2024 — — 0.00 —
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	The following table summarizes restricted stock activity for the year ended June 30, 2024: Outstanding and Nonvested Restricted Stock Awards: Shares Awarded Weighted Average Grant Date Fair Value ($) Outstanding at June 30, 2023 882,554 6.14 Granted 531,678 3.02 Vested (443,923) 5.67 Cancelled/Forfeited (307,648) 6.61 Outstanding and nonvested June 30, 2024 662,661 3.72 The following table summarizes PBRSU activity for the year ended June 30, 2024: Outstanding and Nonvested PBRSUs: PBRSUs Awarded Weighted Average Grant Date Fair Value ($) Outstanding at June 30, 2023 549,291 5.92 Granted 394,576 2.95 Vested (134,660) 4.10 Cancelled/Forfeited (414,631) 6.51 Outstanding and nonvested June 30, 2024 394,576 2.95 The following table summarizes CSRSU activity during the year ended June 30, 2024: Outstanding and Nonvested CSRSUs: CSRSUs Awarded Weighted Average Grant Date Fair Value ($) Outstanding at June 30, 2023 184,807 6.15 Granted 556,000 2.50 Vested (68,538) 5.95 Cancelled/Forfeited (52,942) 4.54 Outstanding and nonvested June 30, 2024 619,327 2.94

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	12 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Schedule of Other Current Liabilities	Other current liabilities consist of the following: As of June 30, (In thousands) 2024 2023 Other (1) $ 2,323 $ 3,334 Accrued workers’ compensation liabilities 481 992 Finance lease liabilities 193 193 Other current liabilities $ 2,997 $ 4,519 ___________ (1) Includes accrued property taxes, sales and use taxes and insurance liabilities.

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	12 Months Ended
	Jun. 30, 2024
Other Liabilities Disclosure [Abstract]
Other Long-Term Liabilities	Other long-term liabilities include the following: As of June 30, (In thousands) 2024 2023 Derivative liabilities—noncurrent $ 1,505 $ — Deferred compensation (1) 505 267 Finance lease liabilities 101 270 Other long-term liabilities $ 2,111 $ 537 ___________ (1) Includes performance cash awards liability and payroll taxes.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The current and deferred components of the provision for income taxes consist of the following: For the Years Ended June 30, (In thousands) 2024 2023 2022 Current: Federal $ — $ — $ — State 14 142 124 Total current income tax expense 14 142 124 Deferred: Federal — (373) — State — (94) — Total deferred income tax (benefit) expense — (467) — Income tax expense (benefit) $ 14 $ (325) $ 124
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of income tax expense to the federal statutory tax rate is as follows: For the Years Ended June 30, (In thousands) 2024 2023 2022 Statutory tax rate 21% 21% 21% Income tax benefit at statutory rate $ (811) $ (7,216) $ (389) State income tax expense (benefit) (net of federal tax benefit) 933 2,407 (754) Valuation allowance (3,223) 3,788 1,767 Change in tax rate (26) (111) (210) Post-retirement medical plan and other offset in OCI — (467) — Other (net) 3,141 1,274 (290) Income tax expense (benefit) $ 14 $ (325) $ 124
Schedule of Deferred Tax Assets and Liabilities	The primary components of the temporary differences which give rise to the Company’s net deferred tax assets (liabilities) are as follows: As of June 30, (In thousands) 2024 2023 Deferred tax assets: Postretirement benefits $ 3,290 $ 5,349 Accrued liabilities 2,121 2,642 163(j) Interest Limitation 9,633 7,772 Net operating loss carryforward 54,981 55,566 Intangible assets 5,476 6,481 Right-of-use operating lease liabilities 9,009 6,346 Other 5,128 5,436 Total deferred tax assets 89,638 89,592 Deferred tax liabilities: Property, plant and equipment (4,086) (725) Right-of-use operating lease assets (8,865) (6,194) Other (1,284) (2,238) Total deferred tax liabilities (14,235) (9,157) Valuation allowance (75,403) (80,435) Net deferred tax liability $ — $ —

Net Loss Per Common Share (Tabl

Net Loss Per Common Share (Tables)	12 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Loss per Common Share	The following table presents the computation of basic and diluted loss per common share, net of income taxes: For the Years Ended June 30, (In thousands, except share and per share amounts) 2024 2023 2022 Loss from continuing operations $ (3,875) $ (34,038) $ (2,568) Loss from discontinued operations $ — $ (45,142) $ (13,687) Net loss available to common stockholders—basic $ (3,875) $ (79,180) $ (16,255) Weighted average common shares outstanding—basic and diluted 20,873,266 19,621,992 18,200,080 Loss from continuing operations per common share available to common stockholders—basic and diluted $ (0.19) $ (1.74) $ (0.14) Loss from discontinued operations per common share available to common stockholders—basic and diluted $ — $ (2.30) $ (0.75) Net loss per common share available to common stockholders—basic and diluted $ (0.19) $ (4.04) $ (0.89)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table summarizes anti-dilutive securities excluded from the computation of diluted net loss per common share for the periods indicated: For the Years Ended June 30, 2024 2023 2022 Shares issuable under stock options 19,450 331,658 452,537 Shares issuable under convertible preferred stock — — 452,667 Shares issuable under RSUs and PBRSUs 203,726 491,564 426,243

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The Company disaggregates net sales from contracts with customers based on the characteristics of the products sold: For the Years Ended June 30, 2024 2023 2022 (In thousands) $ % of total $ % of total $ % of total Net Sales by Product Category: Coffee (Roasted) $ 158,113 46.4 % $ 160,009 31.9 % $ 151,843 32.4 % Tea & Other Beverages (1) 90,069 26.4 % 88,241 17.6 % 80,547 17.2 % Culinary 65,938 19.3 % 64,429 12.9 % 55,782 11.9 % Spices 21,911 6.4 % 23,502 4.7 % 22,248 4.7 % Delivery Surcharge 5,063 1.5 % 3,783 0.8 % 4,363 0.9 % Net sales from continuing operations 341,094 100.0 % 339,964 67.9 % 314,783 67.1 % Net sales from discontinued operations — — % 160,977 32.1 % 154,410 32.9 % Net sales by product category $ 341,094 100.0 % $ 500,941 100.0 % $ 469,193 100.0 % ____________ (1) Includes all beverages other than roasted coffee, including frozen liquid coffee, and iced and hot tea, including cappuccino, cocoa, granitas, and concentrated and ready-to drink cold brew and iced coffee.

Introduction and Basis of Pre_2

Introduction and Basis of Presentation (Details)	12 Months Ended
	Jun. 30, 2024 segment route warehouse
Real Estate Properties
Number of operating segments | segment	1
Number of delivery routes | route	243
Branch Warehouses
Real Estate Properties
Number of warehouses | warehouse	104

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment
Operating lease, remaining contractual term	7 years
Operating lease, extension term	10 years
Percent of workforce covered by collective bargaining agreement	21%
Undiscounted workers' compensation liability	$ 2	$ 3.3
Reinsurance recoveries	0.2	0.7
Group medical insurance liability	0.6	0.5
Liability for claims and claims adjustment expense	1.6	1.4
Security Deposit - Letter of Credit
Property, Plant and Equipment
Letter of credit posted as security deposit	$ 4.1	$ 4
Buildings and facilities | Minimum
Property, Plant and Equipment
Property, plant and equipment useful life	10 years
Buildings and facilities | Maximum
Property, Plant and Equipment
Property, plant and equipment useful life	30 years
Machinery and equipment | Minimum
Property, Plant and Equipment
Property, plant and equipment useful life	3 years
Machinery and equipment | Maximum
Property, Plant and Equipment
Property, plant and equipment useful life	15 years
Machinery and equipment | Coffee Brewing Equipment
Property, Plant and Equipment
Property, plant and equipment useful life	5 years
Office furniture and equipment | Minimum
Property, Plant and Equipment
Property, plant and equipment useful life	5 years
Office furniture and equipment | Maximum
Property, Plant and Equipment
Property, plant and equipment useful life	7 years
Capitalized software | Minimum
Property, Plant and Equipment
Property, plant and equipment useful life	3 years
Capitalized software | Maximum
Property, Plant and Equipment
Property, plant and equipment useful life	5 years
Five Customers | Accounts Receivable Benchmark | Customer Concentration Risk
Property, Plant and Equipment
Concentration risk (percent)	11%	33%

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2023	Jun. 30, 2023	Jun. 30, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price	$ 12.5		$ 12.5	$ 31.7
Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]	Loss from discontinued operations, net of income taxes
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal	$ 25.4	$ 1.2
Discontinued operation, transaction-related costs			0.5
Discontinued Operations, Disposed of by Sale | Direct Ship And Private Label Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price	91.7		91.7
Escrow receivable	$ 2		$ 2

Discontinued Operations - Sched

Discontinued Operations - Schedule of Consolidated Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Other (expense) income:
Loss from discontinued operations, net of income taxes	$ 0	$ (45,142)	$ (13,687)
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales		160,977	154,410
Cost of goods sold		162,227	151,309
Gross (loss) profit		(1,250)	3,101
Selling expenses		6,578	7,819
General and administrative expenses		4,750	3,929
Loss on sale of assets		25,414	0
Operating expense		36,742	11,748
Loss from discontinued operations		(37,992)	(8,647)
Other (expense) income:
Interest expense		(9,008)	(5,507)
Other, net		1,124	42
Total other (expense)		(7,884)	(5,465)
Loss from discontinued operations before taxes		(45,876)	(14,112)
Income tax benefit		(734)	(425)
Loss from discontinued operations, net of income taxes		$ (45,142)	$ (13,687)

Discontinued Operations - Summa

Discontinued Operations - Summary of Cash Flow (Details) - Discontinued Operations, Disposed of by Sale - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by (used in) operating activities	$ 444	$ (13,192)
Net cash provided by (used in) investing activities	$ 88,105	$ (1,539)

Sales of Assets - Sale of Branc

Sales of Assets - Sale of Branch Properties (Details) $ in Millions	12 Months Ended
	Jun. 30, 2024 USD ($) property	Jun. 30, 2023 USD ($) property
Discontinued Operations and Disposal Groups [Abstract]
Branch properties sold | property	13	4
Purchase price	$ 31.7	$ 12.5
Net proceeds	29.3	11.8
Gain (loss) on sale of properties	$ 21.5	$ 10.8

Sales of Assets - Held for Sale

Sales of Assets - Held for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale	$ 352	$ 7,770
Buildings and facilities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale	120	4,327
Land
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale	$ 232	$ 3,443

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Notional Volumes of Derivative Instruments (Details) - lb lb in Thousands	Jun. 30, 2024	Jun. 30, 2023
Derivative [Line Items]
Derivative notional amount	71	3,863
Not Designated as Hedging Instrument | Long
Derivative [Line Items]
Derivative notional amount	71	6,713
Not Designated as Hedging Instrument | Short
Derivative [Line Items]
Derivative notional amount	0	4,388
Cash Flow Hedging | Designated as Hedging Instrument | Long
Derivative [Line Items]
Derivative notional amount	0	1,538

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($) $ in Thousands		12 Months Ended
	May 16, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 27, 2019
Derivative [Line Items]
Term of contract		1 year 6 months
Percentage of derivative instruments designated as cash flow hedges		0%	40%
Loss on settlement of derivative	$ 13
Interest Rate Swap
Derivative [Line Items]
Notional amount				$ 80,000
Coffee-related Derivative Instruments
Derivative [Line Items]
Cash flow hedge gain (loss) to be reclassified within twelve months		$ 300

Derivative Instruments - Fair V

Derivative Instruments - Fair Value of Derivative Instruments on the Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	$ 44	$ 68
Derivative liability, fair value	2,235	2,636
Designated as Cash Flow Hedges | Short-term Derivative Assets | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	0	4
Designated as Cash Flow Hedges | Other Assets | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	0	0
Designated as Cash Flow Hedges | Short-Term Derivative Liabilities | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	0	158
Designated as Cash Flow Hedges | Other Long Term Liabilities | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	0	0
Not Designated as Hedging Instrument | Short-term Derivative Assets
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	11	64
Not Designated as Hedging Instrument | Other Assets
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	33	0
Not Designated as Hedging Instrument | Short-Term Derivative Liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	730	2,478
Not Designated as Hedging Instrument | Other Long Term Liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	$ 1,505	$ 0

Derivative Instruments - Pretax

Derivative Instruments - Pretax Effect of Derivative Instruments on Earnings and OCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Other comprehensive income (loss), cash flow hedge, reclassified from AOCI to earnings	$ (615)	$ 1,392	$ 15,865
Net (gains) losses recognized in AOCI - Coffee-related	(406)	2,384	(12,172)
Commodity
Derivative Instruments, Gain (Loss) [Line Items]
Net (gains) losses recognized in AOCI - Coffee-related	(406)	2,384	(12,172)
Interest expense | Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Other comprehensive income (loss), cash flow hedge, reclassified from AOCI to earnings	0	396	(7)
Interest expense | Interest Rate Swap, Partial Unwind
Derivative Instruments, Gain (Loss) [Line Items]
Other comprehensive income (loss), cash flow hedge, reclassified from AOCI to earnings	0	(1,305)	(1,201)
Cost of goods sold | Commodity
Derivative Instruments, Gain (Loss) [Line Items]
Other comprehensive income (loss), cash flow hedge, reclassified from AOCI to earnings	$ (615)	$ 1,392	$ 15,865

Derivative Instruments - Net Re

Derivative Instruments - Net Realized and Unrealized Gains and Losses Recorded in "Other, net" (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Other, net	$ 6,224	$ (4,242)	$ 8,140
Coffee
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on coffee-related derivative instruments	503	(6,978)	4,498
Non-operating pension and other postretirement benefit plans credits	3,648	2,910	3,598
Other (losses) gains, net	2,073	(174)	44
Other, net	$ 6,224	$ (4,242)	$ 8,140

Derivative Instruments - Statem

Derivative Instruments - Statement of Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (38,112)	$ (104,748)	$ (104,959)
Ending balance	(45,549)	(38,112)	(104,748)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	1,175	(1,692)	(4,177)
Ending balance	154	1,175	(1,692)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent | Interest Rate Swap
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net gains (losses) recognized in earnings	0	396	(7)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent | Interest Rate Swap, Partial Unwind
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net gains (losses) recognized in earnings	0	(1,305)	(1,201)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent | Commodity
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net gains (losses) recognized in earnings	(615)	1,392	15,865
Net gains (losses) recognized in AOCI	$ (406)	$ 2,384	$ (12,172)

Derivative Instruments - Sche_2

Derivative Instruments - Schedule of Offsetting Derivative Asset and Liability Positions (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative asset, fair value	$ 44	$ 68
Derivative asset, netting adjustment	(44)	(68)
Derivative asset, cash collateral posted	0	0
Derivative asset, net	0	0
Derivative liability, fair value	2,235	2,636
Derivative liability, netting adjustment	(44)	(68)
Derivative liability, cash collateral posted	0	0
Derivative liability, net	$ 2,191	$ 2,568

Leases - Narrative (Details)

Leases - Narrative (Details)	Jun. 30, 2024
Leases [Abstract]
Option to extend lease term, operating	10 years
Option to extend lease term, financing	10 years

Leases - Balance Sheet (Details

Leases - Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating lease assets	$ 35,241	$ 24,593
Finance lease assets	246	410
Total lease assets	35,487	25,003
Operating lease liabilities - current	14,046	8,040
Finance lease liabilities - current	193	193
Operating lease liabilities - noncurrent	21,766	17,157
Finance lease liabilities -noncurrent	82	251
Total lease liabilities	$ 36,087	$ 25,641
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other long-term liabilities	Other long-term liabilities
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net	Property, plant and equipment, net
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities

Leases - Lease Expense (Details

Leases - Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Operating lease expense	$ 13,785	$ 7,943	$ 7,526
Finance lease expense:
Amortization of finance lease assets	164	164	164
Interest on finance lease liabilities	24	34	44
Total lease expense	$ 13,973	$ 8,141	$ 7,734

Leases - Lease Obligations (Det

Leases - Lease Obligations (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Operating Leases
2025	$ 14,046
2026	9,627
2027	7,205
2028	6,244
2029	3,220
Thereafter	317
Total lease payments	40,659
Less: interest	(4,847)
Total lease obligations	35,812
Finance Leases
2025	193
2026	96
2027	0
2028	0
2029	0
Thereafter	0
Finance Lease, Liability, Payment, Due	289
Finance Lease, Liability, Undiscounted Excess Amount	(14)
Finance Lease, Liability	$ 275

Leases - Weighted Average Infor

Leases - Weighted Average Information (Details)	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Weighted-average remaining lease terms (in years), operating lease	5 years 2 months 12 days	5 years 10 months 24 days
Weighted-average remaining lease terms (in years), finance lease	1 year 6 months	2 years 6 months
Weighted-average discount rate, operating lease	6.65%	6.20%
Weighted-average discount rate, finance lease	6.50%	6.50%

Leases - Cash Flow Information

Leases - Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating cash flows from operating leases	$ 12,956	$ 7,845
Operating cash flows from finance leases	24	34
Financing cash flows from finance leases	$ 193	$ 193

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis (Details) - Estimate of Fair Value Measurement - Coffee-related Derivative Instruments - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Coffee-related derivative assets designated as cash flow hedges		$ 4
Coffee-related derivative liabilities designated as cash flow hedges		158
Coffee-related derivative assets not designated as accounting hedges	$ 44	64
Coffee-related derivative liabilities not designated as accounting hedges	2,235	2,478
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Coffee-related derivative assets designated as cash flow hedges		0
Coffee-related derivative liabilities designated as cash flow hedges		0
Coffee-related derivative assets not designated as accounting hedges	0	0
Coffee-related derivative liabilities not designated as accounting hedges	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Coffee-related derivative assets designated as cash flow hedges		4
Coffee-related derivative liabilities designated as cash flow hedges		158
Coffee-related derivative assets not designated as accounting hedges	44	64
Coffee-related derivative liabilities not designated as accounting hedges	2,235	2,478
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Coffee-related derivative assets designated as cash flow hedges		0
Coffee-related derivative liabilities designated as cash flow hedges		0
Coffee-related derivative assets not designated as accounting hedges	0	0
Coffee-related derivative liabilities not designated as accounting hedges	$ 0	$ 0

Accounts Receivable, Net - Sche

Accounts Receivable, Net - Schedule of Accounts Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Receivables [Abstract]
Trade receivables	$ 34,438	$ 42,914	$ 44,200
Other receivables	1,419	2,631
Allowance for credit losses	(710)	(416)
Accounts receivable, net	$ 35,147	$ 45,129

Accounts Receivable, Net - Allo

Accounts Receivable, Net - Allowance For Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ (416)	$ (195)
Provision	(748)	(743)	$ 353
Write-offs	306	288
Recovery	148	234
Ending Balance	$ (710)	$ (416)	$ (195)

Inventories - Schedule of Inven

Inventories - Schedule of Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Product Information
Total	$ 57,230	$ 49,276
Coffee
Product Information
Processed	22,432	15,860
Unprocessed	6,105	7,409
Total	28,537	23,269
Tea and culinary products
Product Information
Processed	25,166	21,418
Unprocessed	41	63
Total	25,207	21,481
Coffee Brewing Equipment
Product Information
Total	$ 3,486	$ 4,526

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment
Property, plant, and equipment, gross	$ 146,874	$ 180,784
Accumulated depreciation	(113,790)	(147,920)
Land	918	918
Property, plant and equipment, net	34,002	33,782
Buildings and facilities
Property, Plant and Equipment
Property, plant, and equipment, gross	20,441	20,146
Machinery and equipment
Property, Plant and Equipment
Property, plant, and equipment, gross	108,757	144,473
Capitalized software
Property, Plant and Equipment
Property, plant, and equipment, gross	9,190	7,934
Office furniture and equipment
Property, Plant and Equipment
Property, plant, and equipment, gross	$ 8,486	$ 8,231

Property, Plant, and Equipment

Property, Plant, and Equipment - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense and amortization	$ 11.6	$ 12.9	$ 12.4
Other CBE expenses	$ 8.3	$ 8	$ 7.3

Property, Plant and Equipment_2

Property, Plant and Equipment - Capitalized CBE (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment
Coffee Brewing Equipment	$ 146,874	$ 180,784
Accumulated depreciation	(113,790)	(147,920)
Property, plant and equipment, net	34,002	33,782
Machinery and equipment
Property, Plant and Equipment
Coffee Brewing Equipment	108,757	144,473
Coffee Brewing Equipment | Machinery and equipment
Property, Plant and Equipment
Coffee Brewing Equipment	66,596	93,159
Accumulated depreciation	(39,941)	(66,953)
Property, plant and equipment, net	$ 26,655	$ 26,206

Property, Plant and Equipment_3

Property, Plant and Equipment - Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment
Other CBE expenses	$ 8,300	$ 8,000	$ 7,300
Coffee Brewing Equipment | Machinery and equipment
Property, Plant and Equipment
Depreciation expense	7,344	7,213	7,492
Other CBE expenses	$ 36,859	$ 32,298	$ 25,773

Intangible Assets - Goodwill (D

Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
The following is a summary of the changes in the carrying value of goodwill
Accumulated Amortization	$ (27,732)	$ (25,472)
Finite-lived intangible assets, net	11,233	13,493
Intangible assets, gross	38,965	38,965
Amortization of intangible assets	2,300	2,400	$ 2,400
Trademarks, trade names and brand name with indefinite lives
The following is a summary of the changes in the carrying value of goodwill
Finite-lived intangible assets, net	4,522	4,522
Total unamortized intangible assets
The following is a summary of the changes in the carrying value of goodwill
Finite-lived intangible assets, net	4,522	4,522
Indefinite-lived intangible assets	$ 4,522	4,522
Customer relationships
The following is a summary of the changes in the carrying value of goodwill
Weighted Average Amortization Period as of June 30, 2024	2 years 9 months 18 days
Finite-lived intangible assets, gross carrying amount	$ 33,003	33,003
Accumulated Amortization	(26,292)	(24,092)
Finite-lived intangible assets, net	$ 6,711	8,911
Recipes
The following is a summary of the changes in the carrying value of goodwill
Weighted Average Amortization Period as of June 30, 2024	0 years
Finite-lived intangible assets, gross carrying amount	$ 930	930
Accumulated Amortization	(930)	(885)
Finite-lived intangible assets, net	$ 0	45
Trade name/brand name
The following is a summary of the changes in the carrying value of goodwill
Weighted Average Amortization Period as of June 30, 2024	0 years
Finite-lived intangible assets, gross carrying amount	$ 510	510
Accumulated Amortization	(510)	(495)
Finite-lived intangible assets, net	0	15
Total amortized intangible assets
The following is a summary of the changes in the carrying value of goodwill
Finite-lived intangible assets, gross carrying amount	34,443	34,443
Accumulated Amortization	(27,732)	(25,472)
Finite-lived intangible assets, net	$ 6,711	$ 8,971

Intangible Assets - Amortizatio

Intangible Assets - Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Total	$ 11,233	$ 13,493
Amortized Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, expected amortization, year one	2,200
Finite-lived intangible asset, expected amortization, year two	2,200
Finite-lived intangible asset, expected amortization, year three	1,911
Finite-lived intangible asset, expected amortization, year four	400
Total	$ 6,711	$ 8,971

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details)				12 Months Ended
	Jan. 01, 2024	Jan. 01, 2023	Dec. 31, 2022	Jun. 30, 2024 USD ($) definedBenefitPlan hour h plan shares	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 USD ($) shares
Defined Benefit Plan Disclosure
Minimum number of hours to quality for the company's benefit plan | h				30
Number of employment days required to receive benefits				30 days
Number of defined benefit plans | definedBenefitPlan				2
Contribution to multiemployer plans				$ 1,900,000	$ 4,600,000	$ 3,600,000
Expected employer contributions in the next year				$ 3,900,000
Defined contribution plan, hours threshold for eligibility | hour				1,000
Defined contribution plan, employer matching contribution, maximum annual contribution percentage			4%
Defined contribution plan, employer matching contribution				$ 1,300,000	$ 2,000,000	$ 2,000,000
Defined contribution plan, shares contributed | shares				595,031	937,848	371,566
Life insurance policies				$ 500,000
Minimum
Defined Benefit Plan Disclosure
Investment horizon period				20 years
Maximum
Defined Benefit Plan Disclosure
Investment horizon period				30 years
First Threshold
Defined Benefit Plan Disclosure
Defined contribution plan, employer matching contribution, matching contribution percentage	100%	100%
Defined contribution plan, employer matching contribution, percent of eligible income	3%	3%
Second Threshold
Defined Benefit Plan Disclosure
Defined contribution plan, employer matching contribution, matching contribution percentage	50%	50%
Defined contribution plan, employer matching contribution, percent of eligible income	2%	2%
Other Postretirement Benefits Plan
Defined Benefit Plan Disclosure
June 30, 2025				$ 71,000
Multiemployer plans, number of plans | plan				9
Contribution to multiemployer plans				$ 3,900,000	$ 3,600,000	$ 3,000,000
Farmer Brothers Plan
Defined Benefit Plan Disclosure
Amount expected to be recognized as a component of net periodic benefit cost in the next fiscal year				700,000
June 30, 2025				2,900,000
Hourly Employees’ Plan
Defined Benefit Plan Disclosure
Amount expected to be recognized as a component of net periodic benefit cost in the next fiscal year				$ 73,300

Employee Benefit Plans - Change

Employee Benefit Plans - Change in Projected Benefit Obligation, Plan Assets and Net Funded Status (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Change in projected benefit obligation
Benefit obligation at the beginning of the year	$ 99,207	$ 106,459
Interest cost	4,817	4,624	$ 3,391
Actuarial gain	(2,429)	(5,140)
Benefits paid	(6,729)	(6,736)
Projected benefit obligation at the end of the year	$ 94,866	$ 99,207	106,459
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense, Nonoperating	Interest Expense, Nonoperating
Change in plan assets
Fair value of plan assets at the beginning of the year	$ 79,624	$ 78,098
Actual return on plan assets	7,708	6,180
Employer contributions	2,332	2,082
Benefits paid	(6,729)	(6,736)
Fair value of plan assets at the end of the year	82,935	79,624	78,098
Funded status at end of year (underfunded)	(11,931)	(19,583)
Amounts recognized in consolidated balance sheets
Non-current assets	178	0
Noncurrent liabilities	(12,109)	(19,583)
Total	(11,931)	(19,583)
Amounts recognized in balance sheet
Net loss	22,106	28,581
Total accumulated OCI (not adjusted for applicable tax)	$ 22,106	$ 28,581
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate	5.35%	5.05%
Farmer Brothers Plan
Change in projected benefit obligation
Benefit obligation at the beginning of the year	$ 95,406	$ 102,508
Interest cost	4,631	4,451	3,262
Actuarial gain	(2,119)	(5,008)
Benefits paid	(6,535)	(6,545)
Projected benefit obligation at the end of the year	91,383	95,406	102,508
Change in plan assets
Fair value of plan assets at the beginning of the year	75,934	74,250
Actual return on plan assets	7,543	6,147
Employer contributions	2,332	2,082
Benefits paid	(6,535)	(6,545)
Fair value of plan assets at the end of the year	79,274	75,934	74,250
Funded status at end of year (underfunded)	(12,109)	(19,472)
Amounts recognized in consolidated balance sheets
Non-current assets	0	0
Noncurrent liabilities	(12,109)	(19,472)
Total	(12,109)	(19,472)
Amounts recognized in balance sheet
Net loss	22,291	28,444
Total accumulated OCI (not adjusted for applicable tax)	$ 22,291	$ 28,444
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate	5.35%	5.05%
Hourly Employees’ Plan
Change in projected benefit obligation
Benefit obligation at the beginning of the year	$ 3,801	$ 3,951
Interest cost	186	173	129
Actuarial gain	(310)	(132)
Benefits paid	(194)	(191)
Projected benefit obligation at the end of the year	3,483	3,801	3,951
Change in plan assets
Fair value of plan assets at the beginning of the year	3,690	3,848
Actual return on plan assets	165	33
Employer contributions	0	0
Benefits paid	(194)	(191)
Fair value of plan assets at the end of the year	3,661	3,690	$ 3,848
Funded status at end of year (underfunded)	178	(111)
Amounts recognized in consolidated balance sheets
Non-current assets	178	0
Noncurrent liabilities	0	(111)
Total	178	(111)
Amounts recognized in balance sheet
Net loss	(185)	137
Total accumulated OCI (not adjusted for applicable tax)	$ (185)	$ 137
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate	5.35%	5.05%

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Benefit Cost and Amounts Recognized in Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Components of net periodic benefit cost
Interest cost	$ 4,817	$ 4,624	$ 3,391
Expected return on plan assets	(4,488)	(4,035)	(4,948)
Amortization of net loss	827	1,125	1,356
Pension settlement charge	1,156	1,714	(201)
Net periodic benefit cost
Net gain	(5,648)	(7,285)	(7,821)
Amortization of net loss	(827)	(1,125)	(1,356)
Total recognized in other comprehensive income (loss)	(6,475)	(8,410)	(9,177)
Total recognized in net periodic benefit cost and OCI	$ (5,319)	$ (6,696)	$ (9,378)
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate	5.05%	4.50%	2.60%
Expected long-term return on plan assets	6.25%	5.63%	6.38%
Defined Benefit Plan Net Periodic Benefit Cost Credit Expected Return Loss Statement Of Income Or Comprehensive Income Extensible List Not Disclosed Flag	Expected return on plan assets	Expected return on plan assets	Expected return on plan assets
Defined Benefit Plan Net Periodic Benefit Cost Credit Amortization Of Gain Loss Statement Of Income Or Comprehensive Income Extensible List Not Disclosed Flag	Amortization of net loss	Amortization of net loss	Amortization of net loss
Farmer Brothers Plan
Components of net periodic benefit cost
Interest cost	$ 4,631	$ 4,451	$ 3,262
Expected return on plan assets	(4,336)	(3,906)	(4,734)
Amortization of net loss	827	1,125	1,356
Pension settlement charge	1,122	1,670	(116)
Net periodic benefit cost
Net gain	(5,326)	(7,249)	(7,542)
Amortization of net loss	(827)	(1,125)	(1,356)
Total recognized in other comprehensive income (loss)	(6,153)	(8,374)	(8,898)
Total recognized in net periodic benefit cost and OCI	$ (5,031)	$ (6,704)	$ (9,014)
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate	5.05%	4.50%	2.60%
Expected long-term return on plan assets	7%	6.50%	6.25%
Hourly Employees’ Plan
Components of net periodic benefit cost
Interest cost	$ 186	$ 173	$ 129
Expected return on plan assets	(152)	(129)	(214)
Amortization of net loss	0	0	0
Pension settlement charge	34	44	(85)
Net periodic benefit cost
Net gain	(322)	(36)	(279)
Amortization of net loss	0	0	0
Total recognized in other comprehensive income (loss)	(322)	(36)	(279)
Total recognized in net periodic benefit cost and OCI	$ (288)	$ 8	$ (364)
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate	5.05%	4.50%	2.60%
Expected long-term return on plan assets	5.50%	4.75%	6.50%

Employee Benefit Plans - Descri

Employee Benefit Plans - Description of Investment Policy (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure
Projected benefit obligation	$ 94,866	$ 99,207	$ 106,459
Accumulated benefit obligation	94,866	99,207
Fair value of plan assets at measurement date	$ 82,935	$ 79,624	78,098
Plan assets by category	100%	100%
Equity securities
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	$ 37,849	$ 50,266
Plan assets by category	45.60%	63.10%
Debt securities
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	$ 41,165	$ 23,705
Plan assets by category	49.70%	29.80%
Real estate
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	$ 3,921	$ 5,653
Plan assets by category	4.70%	7.10%
Farmer Brothers Plan
Defined Benefit Plan Disclosure
Projected benefit obligation	$ 91,383	$ 95,406	102,508
Accumulated benefit obligation	91,383	95,406
Fair value of plan assets at measurement date	$ 79,274	$ 75,934	74,250
Plan assets by category	100%	100%
Farmer Brothers Plan | Equity securities
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	$ 37,849	$ 49,516
Plan assets by category	47.70%	65.20%
Farmer Brothers Plan | Debt securities
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	$ 37,504	$ 20,765
Plan assets by category	47.30%	27.30%
Farmer Brothers Plan | Real estate
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	$ 3,921	$ 5,653
Plan assets by category	5%	7.50%
Hourly Employees’ Plan
Defined Benefit Plan Disclosure
Projected benefit obligation	$ 3,483	$ 3,801	3,951
Accumulated benefit obligation	3,483	3,801
Fair value of plan assets at measurement date	$ 3,661	$ 3,690	$ 3,848
Plan assets by category	100%	100%
Hourly Employees’ Plan | Equity securities
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	$ 0	$ 750
Plan assets by category	0%	20.30%
Hourly Employees’ Plan | Debt securities
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	$ 3,661	$ 2,940
Plan assets by category	100%	79.70%
Hourly Employees’ Plan | Real estate
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	$ 0	$ 0
Plan assets by category	0%	0%

Employee Benefit Plans - Fair V

Employee Benefit Plans - Fair Value of Plan Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	$ 82,935	$ 79,624	$ 78,098
Farmer Brothers Plan
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	79,274	75,934	74,250
Hourly Employees’ Plan
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	3,661	3,690	$ 3,848
Level 1 | Farmer Brothers Plan
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	0	0
Level 1 | Hourly Employees’ Plan
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	0	0
Level 2 | Farmer Brothers Plan
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	0	0
Level 2 | Hourly Employees’ Plan
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	0	0
Level 3 | Farmer Brothers Plan
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	0	0
Level 3 | Hourly Employees’ Plan
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	0	0
Investments measured at NAV | Farmer Brothers Plan
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	79,274	75,934
Investments measured at NAV | Hourly Employees’ Plan
Defined Benefit Plan Disclosure
Fair value of plan assets at measurement date	$ 3,661	$ 3,690

Employee Benefit Plans - Target

Employee Benefit Plans - Target Plan Asset Allocation (Details)	Jun. 30, 2024
Defined Benefit Plan Disclosure
Target Plan Asset Allocations	100%
U.S. large cap equity securities
Defined Benefit Plan Disclosure
Target Plan Asset Allocations	28%
U.S. small cap equity securities
Defined Benefit Plan Disclosure
Target Plan Asset Allocations	10%
International equity securities
Defined Benefit Plan Disclosure
Target Plan Asset Allocations	22%
Debt securities
Defined Benefit Plan Disclosure
Target Plan Asset Allocations	35%
Real estate
Defined Benefit Plan Disclosure
Target Plan Asset Allocations	5%

Employee Benefit Plans - Estima

Employee Benefit Plans - Estimated Future Benefit Payments (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Farmer Brothers Plan
Defined Benefit Plan Disclosure
June 30, 2025	$ 7,640
June 30, 2026	7,210
June 30, 2027	7,300
June 30, 2028	7,310
June 30, 2029	7,270
June 30, 2030 to June 30, 2034	34,670
Hourly Employees’ Plan
Defined Benefit Plan Disclosure
June 30, 2025	260
June 30, 2026	240
June 30, 2027	260
June 30, 2028	260
June 30, 2029	260
June 30, 2030 to June 30, 2034	1,270
Other Postretirement Benefits Plan
Defined Benefit Plan Disclosure
June 30, 2025	71
June 30, 2026	73
June 30, 2027	74
June 30, 2028	75
June 30, 2029	75
June 30, 2030 to June 30, 2034	$ 351

Employee Benefit Plans - Multi-

Employee Benefit Plans - Multi-Employer Plan (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2024 USD ($) h	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Multiemployer Plans [Line Items]
Employer contributions	$ 2,332	$ 2,082
Western Conference of Teamsters Pension Plan
Multiemployer Plans [Line Items]
Employer contributions	$ 1,248	1,280	$ 961
Employer contribution percentage	5%
All Other Plans
Multiemployer Plans [Line Items]
Employer contributions	$ 35	$ 28	$ 29
Program for Enhanced Early Retirement
Multiemployer Plans [Line Items]
Employer contribution percentage	6.50%
Employer contributions (hours) | h	173

Employee Benefit Plans - Comp_2

Employee Benefit Plans - Components of Net Periodic Benefit Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure
Interest cost	$ 4,817	$ 4,624	$ 3,391
Amortization of net gain	827	1,125	1,356
Pension settlement charge	1,156	1,714	(201)
Other Postretirement Benefits Plan
Defined Benefit Plan Disclosure
Service cost	0	0	0
Interest cost	42	39	27
Amortization of net gain	0	0	11
Pension settlement charge	$ 42	$ 39	$ 38

Employee Benefit Plans - Execut

Employee Benefit Plans - Executive Death Benefit Plan (Details) - Death Benefit Plan - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Amortization of Net (Gain) Loss Calculation
Net loss as of July 1	$ 8	$ 17
Net loss subject to amortization	8	17
Corridor (10% of greater of APBO or assets)	86	83
Net (gain)/loss in excess of corridor	$ 0	$ 0
Amortization years	14 years 8 months 12 days	15 years 3 months 18 days

Employee Benefit Plans - Other

Employee Benefit Plans - Other Changes in Plan Assets and Benefit Obligations Recognized in OCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Change in projected benefit obligation
Projected benefit obligation	$ 94,866	$ 99,207	$ 106,459
Interest cost	4,817	4,624	3,391
Actuarial (gains) losses	(2,429)	(5,140)
Benefits paid	(6,729)	(6,736)
Change in plan assets
Fair value of plan assets at the beginning of the year	79,624	78,098
Employer contributions	2,332	2,082
Benefits paid	(6,729)	(6,736)
Fair value of plan assets at the end of the year	82,935	79,624	78,098
Projected benefit obligation	94,866	99,207	106,459
Funded status at end of year (underfunded)	(11,931)	(19,583)
Amounts recognized in consolidated balance sheets
Noncurrent liabilities	(12,109)	(19,583)
Other Postretirement Benefits Plan
Change in projected benefit obligation
Projected benefit obligation	859	826	844
Service cost	0	0	0
Interest cost	42	39	27
Actuarial (gains) losses	(9)	(57)
Benefits paid	0	0
Change in plan assets
Fair value of plan assets at the beginning of the year	0	0
Employer contributions		0	0
Benefits paid		0	0
Fair value of plan assets at the end of the year	0	0	0
Projected benefit obligation	859	826	$ 844
Funded status at end of year (underfunded)	(859)	(826)
Amounts recognized in consolidated balance sheets
Current liabilities	(69)	(61)
Noncurrent liabilities	(790)	(765)
Total	$ (859)	$ (826)

Employee Benefit Plans - Esti_2

Employee Benefit Plans - Estimated Future Benefit Payments Other Postretirement Benefit Plans (Details) - Other Postretirement Benefits Plan $ in Thousands	Jun. 30, 2024 USD ($)
Estimated Future Benefit Payments:
June 30, 2025	$ 71
June 30, 2026	73
June 30, 2027	74
June 30, 2028	75
June 30, 2029	75
June 30, 2030 to June 30, 2034	351
Expected Contributions:
June 30, 2025	$ 71

Debt Obligations - Schedule of

Debt Obligations - Schedule of Debt Maturities (Details) - Revolving Credit Facility - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Line of Credit Facility
Carrying Value	$ 23,300	$ 23,021
Weighted Average Interest Rate	7.05%	6.66%

Debt Obligations - Narrative (D

Debt Obligations - Narrative (Details)	Jun. 30, 2023 USD ($)	Aug. 31, 2022 USD ($)	Aug. 30, 2022	Aug. 08, 2022 USD ($)	Aug. 07, 2022	Apr. 26, 2021 USD ($)	Jun. 30, 2024 USD ($)
Line of Credit Facility
Long-term borrowings under revolving credit facility	$ 23,021,000						$ 23,300,000
Term Loan
Line of Credit Facility
Repayments of debt	47,000,000
Amended Revolving Credit Facility | Line of Credit
Line of Credit Facility
Line of credit, maximum borrowing capacity						$ 10,000,000
Eligible accounts receivable						85%
Borrowing base, percentage						80%
Borrowing base, net orderly liquidation, percentage						85%
Amended Revolving Credit Facility | Line of Credit | London Interbank Offered Rate (LIBOR)
Line of Credit Facility
Basis spread on variable rate					2.25%
Amended Revolving Credit Facility | Line of Credit | Secured Overnight Financing Rate (SOFR)
Line of Credit Facility
Basis spread on variable rate				1.75%
Revolving Credit Facility | Amended Revolving Credit Facility | Line of Credit
Line of Credit Facility
Line of credit, additional borrowing capacity				$ 10,000,000
Line of credit, maximum borrowing capacity	$ 75,000,000			$ 90,000,000		$ 75,000,000
Debt covenant, availability to borrow, minimum threshold						$ 9,375,000
Fixed charge coverage ratio						1
Revolving Credit Facility | Amended Revolving Credit Facility | Line of Credit | Secured Overnight Financing Rate (SOFR)
Line of Credit Facility
Basis spread on variable rate						1%
Term SOFR margin						1.75%
Revolving Credit Facility | Amended Revolving Credit Facility | Line of Credit | Fed Funds Effective Rate Overnight Index Swap Rate
Line of Credit Facility
Basis spread on variable rate						0.50%
Revolving Credit Facility | Amended Revolving Credit Facility | Line of Credit | Base Rate
Line of Credit Facility
Basis spread on variable rate						0.75%
Revolving Credit Facility | Revolver Security Agreement | Line of Credit
Line of Credit Facility
Long-term borrowings under revolving credit facility							23,300,000
Remaining borrowing capacity							27,800,000
Secured Debt | Amended Revolving Credit Facility | Line of Credit
Line of Credit Facility
Term loan		$ 47,000,000
Fixed charge coverage ratio, period		12 months
Fixed charge coverage ratio		1
Letter of credit fee payable		1.75%	2.25%
Letter of Credit | Revolver Security Agreement | Line of Credit
Line of Credit Facility
Letters of credit utilized							$ 4,100,000

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 0	$ 0
Compensation expense recognized			$ 0
Unrecognized compensation cost related to restricted stock	$ 1,600,000	$ 400,000
NQOs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	33%
Share price (in dollars per share)	$ 2.68	$ 2.77
Number of options exercised (in shares)	0
Proceeds from stock option exercises	$ 0	$ 0	0
NQOs | General and Administrative Expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense recognized	$ 0	$ 100,000	$ 600,000
PNQs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options exercised (in shares)	0	0	0
Compensation expense recognized	$ 0	$ 0
Compensation cost not yet recognized	$ 0	$ 0
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share)	$ 3.02	$ 5.68	$ 7.20
Total grant-date fair value	$ 1,600,000
Total fair value of awards vested	1,300,000	$ 1,700,000	$ 2,300,000
Unrecognized compensation cost related to restricted stock	$ 1,700,000	3,600,000
Period for recognition	1 year 9 months 10 days
RSUs | General and Administrative Expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense recognized	$ 1,700,000	2,600,000	2,100,000
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense recognized	$ 500,000	$ 700,000	$ 600,000
Weighted average grant date fair value (in dollars per share)	$ 2.95	$ 6.40	$ 8.91
Total grant-date fair value	$ 1,200,000
Total fair value of awards vested	300,000	$ 3,200
Unrecognized compensation cost related to restricted stock	$ 900,000	1,700,000
Period for recognition	1 year 11 months 19 days
Cash-Settled Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense recognized	$ 500,000	$ 200,000	$ 100,000
Weighted average grant date fair value (in dollars per share)	$ 2.50	$ 6.07	$ 8.91
Total grant-date fair value	$ 1,300,000
Total fair value of awards vested	$ 200,000	$ 200,000	$ 400,000
Period for recognition	2 years 3 months
Award vesting period	3 years
2017 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)	1,759,363
Shares authorized (shares)	3,550,000
2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)	182,919
Shares authorized (shares)	300,000

Share-Based Compensation - Summ

Share-Based Compensation - Summary of NQO and PNQ Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
NQOs
Number of NQOs
Number of NQOs - Beginning balance (in shares)	331,658
Number of NQOs, granted (in shares)	0
Number of NQOs, exercised (in shares)	0
Number of NQOs, cancelled/forfeited (in shares)	0
Number of NQOs, expired (in shares)	(312,208)
Number of NQOs - Ending balance (in shares)	19,450	331,658
Weighted Average Exercise Price ($)
Weighted Average Exercise Price, Beginning balance (in dollars per share)	$ 11.69
Weighted Average Exercise Price, granted (in dollars per share)	0
Weighted Average Exercise Price, exercised (in dollars per share)	0
Weighted Average Exercise Price, cancelled/forfeited (in dollars per share)	0
Weighted Average Exercise Price, expired (in dollars per share)	11.31
Weighted Average Exercise Price, Ending balance (in dollars per share)	$ 17.75	$ 11.69
Weighted Average Remaining Life (Years)
Weighted Average Remaining Life, Beginning balance	2 years 1 month 20 days	3 years 4 months 6 days
Weighted Average Remaining Life, Ending balance	2 years 1 month 20 days	3 years 4 months 6 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest [Abstract]
Aggregate Intrinsic Value	$ 0
Aggregate Intrinsic Value, exercisable	$ 0
Options, vested and exercisable, outstanding (in shares)	19,450
Options, vested and exercisable, Weighted Average Exercise Price (in dollars per share)	$ 17.75
Weighted Average Remaining Life, exercisable	2 years 1 month 20 days
Options, vested and exercisable, Aggregate Intrinsic Value	$ 0
PNQs
Number of NQOs
Number of NQOs - Beginning balance (in shares)	991
Number of NQOs, granted (in shares)	0
Number of NQOs, exercised (in shares)	0	0	0
Number of NQOs, cancelled/forfeited (in shares)	0
Number of NQOs, expired (in shares)	(991)
Number of NQOs - Ending balance (in shares)	0	991
Weighted Average Exercise Price ($)
Weighted Average Exercise Price, Beginning balance (in dollars per share)	$ 32.85
Weighted Average Exercise Price, granted (in dollars per share)	0
Weighted Average Exercise Price, exercised (in dollars per share)	0
Weighted Average Exercise Price, cancelled/forfeited (in dollars per share)	0
Weighted Average Exercise Price, expired (in dollars per share)	32.85
Weighted Average Exercise Price, Ending balance (in dollars per share)	$ 0	$ 32.85
Weighted Average Remaining Life (Years)
Weighted Average Remaining Life, Beginning balance	0 years	4 months 9 days
Weighted Average Remaining Life, Ending balance	0 years	4 months 9 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest [Abstract]
Aggregate Intrinsic Value	$ 0
Aggregate Intrinsic Value, exercisable	$ 0
Options, vested and exercisable, outstanding (in shares)	0
Options, vested and exercisable, Weighted Average Exercise Price (in dollars per share)	$ 0
Weighted Average Remaining Life, exercisable	0 years
Options, vested and exercisable, Aggregate Intrinsic Value	$ 0

Share-Based Compensation - Rest

Share-Based Compensation - Restricted Stock Activity (Details) - Restricted Stock	12 Months Ended
	Jun. 30, 2024 $ / shares shares
Shares Awarded
Beginning balance (in shares) | shares	882,554
Shares awarded, granted (in shares) | shares	531,678
Shares awarded, vested (in shares) | shares	(443,923)
Shares awarded, cancelled/forfeited (in shares) | shares	(307,648)
Ending balance (in shares) | shares	662,661
Weighted Average Grant Date Fair Value ($)
Weighted average grant date fair value, beginning balance (in dollars per share) | $ / shares	$ 6.14
Weighted average grant date fair value, granted (in dollars per share) | $ / shares	3.02
Weighted average grant date fair value, vested, (in dollars per share) | $ / shares	5.67
Weighted average grant date fair value, cancelled/forfeited (in dollars per share) | $ / shares	6.61
Weighted average grant date fair value, ending balance (in dollars per share) | $ / shares	$ 3.72

Share-Based Compensation - Perf

Share-Based Compensation - Performance-Based RSUs (Details) - Performance-Based Restricted Stock Units - $ / shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Shares Awarded
Beginning balance (in shares)	549,291
Shares granted (in shares)	394,576
Shares awarded, vested (in shares)	(134,660)
Shares awarded, cancelled/forfeited (in shares)	(414,631)
Ending balance (in shares)	394,576	549,291
Weighted Average Grant Date Fair Value ($)
Weighted average grant date fair value (in dollars per share)	$ 2.95	$ 5.92
Weighted average grant date fair value (in dollars per share)	2.95	$ 6.40	$ 8.91
Weighted average grant date fair value, vested, (in dollars per share)	4.10
Weighted average grant date fair value, cancelled/forfeited (in dollars per share)	$ 6.51

Share-Based Compensation - Cash

Share-Based Compensation - Cash Settled Restricted Stock (Details) - Cash-Settled Restricted Stock Units - $ / shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Shares Awarded
Beginning balance (in shares)	184,807
Shares awarded, granted (in shares)	556,000
Shares awarded, cancelled/forfeited (in shares)	(52,942)
Shares awarded, vested (in shares)	(68,538)
Ending balance (in shares)	619,327	184,807
Weighted Average Grant Date Fair Value ($)
Weighted average grant date fair value, beginning balance (in dollars per share)	$ 6.15
Weighted average grant date fair value (in dollars per share)	2.50	$ 6.07	$ 8.91
Weighted average grant date fair value, vested, (in dollars per share)	5.95
Weighted average grant date fair value, cancelled/forfeited (in dollars per share)	4.54
Weighted average grant date fair value, ending balance (in dollars per share)	$ 2.94	$ 6.15

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Payables and Accruals [Abstract]
Other	$ 2,323	$ 3,334
Accrued workers’ compensation liabilities	481	992
Finance lease liabilities	193	193
Other current liabilities	$ 2,997	$ 4,519

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Other Liabilities Disclosure [Abstract]
Derivative liabilities—noncurrent	$ 1,505	$ 0
Deferred compensation	505	267
Finance lease liabilities	101	270
Other long-term liabilities	$ 2,111	$ 537

Income Taxes - Current and Defe

Income Taxes - Current and Deferred Components of Provision For Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Current:
Federal	$ 0	$ 0	$ 0
State	14	142	124
Total current income tax expense	14	142	124
Deferred:
Federal	0	(373)	0
State	0	(94)	0
Total deferred income tax (benefit) expense	0	(467)	0
Income tax expense (benefit)	$ 14	$ (325)	$ 124

Income Taxes - Reconciliation t

Income Taxes - Reconciliation to Federal Statutory Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]
Statutory tax rate	21%	21%	21%
Income tax benefit at statutory rate	$ (811)	$ (7,216)	$ (389)
State income tax expense (benefit) (net of federal tax benefit)	933	2,407	(754)
Valuation allowance	(3,223)	3,788	1,767
Change in tax rate	(26)	(111)	(210)
Post-retirement medical plan and other offset in OCI	0	(467)	0
Other (net)	3,141	1,274	(290)
Income tax expense (benefit)	$ 14	$ (325)	$ 124

Income Taxes - Components of th

Income Taxes - Components of the Temporary Differences (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Deferred tax assets:
Postretirement benefits	$ 3,290	$ 5,349
Accrued liabilities	2,121	2,642
163(j) Interest Limitation	9,633	7,772
Net operating loss carryforward	54,981	55,566
Intangible assets	5,476	6,481
Right-of-use operating lease liabilities	9,009	6,346
Other	5,128	5,436
Total deferred tax assets	89,638	89,592
Deferred tax liabilities:
Property, plant and equipment	(4,086)	(725)
Right-of-use operating lease assets	(8,865)	(6,194)
Other	(1,284)	(2,238)
Total deferred tax liabilities	(14,235)	(9,157)
Valuation allowance	(75,403)	(80,435)
Net deferred tax liability	$ 0	$ 0

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure
Federal business tax credits	$ 900
Valuation allowance	(75,403)	$ (80,435)
Federal
Income Tax Disclosure
Operating loss carryforwards	134,000
Net operating losses	77,100
State and Local Jurisdiction
Income Tax Disclosure
Operating loss carryforwards	170,900
Net operating losses	$ 10,000

Net Loss Per Common Share - Sch

Net Loss Per Common Share - Schedule of Computation of Basic and Diluted Loss per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Loss from continuing operations	$ (3,875)	$ (34,038)	$ (2,568)
Loss from discontinued operations	0	(45,142)	(13,687)
Net loss available to common stockholders	$ (3,875)	$ (79,180)	$ (16,255)
Weighted average common shares outstanding - basic (in shares)	20,873,266	19,621,992	18,200,080
Weighted average common shares outstanding—diluted (in shares)	20,873,266	19,621,992	18,200,080
Loss from continuing operations available to common stockholders per common share, basic (in dollars per share)	$ (0.19)	$ (1.74)	$ (0.14)
Loss from continuing operations available to common stockholders per common share, diluted (in dollars per share)	(0.19)	(1.74)	(0.14)
Loss from discontinued operations available to common stockholders per common share, basic (in dollars per share)	0	(2.30)	(0.75)
Loss from discontinued operations available to common stockholders per common share, diluted (in dollars per share)	0	(2.30)	(0.75)
Net loss available to common stockholders per common share, basic (in dollars per share)	(0.19)	(4.04)	(0.89)
Net loss available to common stockholders per common share, diluted (in dollars per share)	$ (0.19)	$ (4.04)	$ (0.89)

Net Loss Per Common Share - S_2

Net Loss Per Common Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of earnings per share	19,450	331,658	452,537
Shares issuable under convertible preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of earnings per share	0	0	452,667
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of earnings per share	203,726	491,564	426,243

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - Inventories $ in Millions	Jun. 30, 2024 USD ($)
Coffee
Contractual Obligations
Purchase Obligation	$ 34
Other Inventory
Contractual Obligations
Purchase Obligation	$ 17.7

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 341,094	$ 339,964	$ 314,783
Product Concentration Risk | Revenue Benchmark
Disaggregation of Revenue [Line Items]
Net sales	$ 341,094	$ 500,941	$ 469,193
Concentration risk (percent)	100%	100%	100%
Product Concentration Risk | Revenue Benchmark | Continuing Operations
Disaggregation of Revenue [Line Items]
Net sales	$ 341,094	$ 339,964	$ 314,783
Concentration risk (percent)	100%	67.90%	67.10%
Product Concentration Risk | Revenue Benchmark | Discontinued Operations
Disaggregation of Revenue [Line Items]
Net sales	$ 0	$ 160,977	$ 154,410
Concentration risk (percent)	0%	32.10%	32.90%
Coffee (Roasted) | Product Concentration Risk | Revenue Benchmark
Disaggregation of Revenue [Line Items]
Net sales	$ 158,113	$ 160,009	$ 151,843
Concentration risk (percent)	46.40%	31.90%	32.40%
Tea & Other Beverages | Product Concentration Risk | Revenue Benchmark
Disaggregation of Revenue [Line Items]
Net sales	$ 90,069	$ 88,241	$ 80,547
Concentration risk (percent)	26.40%	17.60%	17.20%
Culinary | Product Concentration Risk | Revenue Benchmark
Disaggregation of Revenue [Line Items]
Net sales	$ 65,938	$ 64,429	$ 55,782
Concentration risk (percent)	19.30%	12.90%	11.90%
Spices | Product Concentration Risk | Revenue Benchmark
Disaggregation of Revenue [Line Items]
Net sales	$ 21,911	$ 23,502	$ 22,248
Concentration risk (percent)	6.40%	4.70%	4.70%
Delivery Surcharge | Product Concentration Risk | Revenue Benchmark
Disaggregation of Revenue [Line Items]
Net sales	$ 5,063	$ 3,783	$ 4,363
Concentration risk (percent)	1.50%	0.80%	0.90%

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Receivables from contracts with customers	$ 34,438	$ 42,914	$ 44,200

Preferred Stock - Narrative (De

Preferred Stock - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
	Aug. 25, 2022	Jun. 30, 2023	Jun. 30, 2024	Oct. 02, 2017
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)			500,000
Preferred stock, par value (in US$ per share)			$ 1
Preferred stock, issued (in shares)			0
Preferred stock, outstanding (in shares)			0
Series A Preferred Stock
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)			21,000
Preferred stock, issued (in shares)				1,736
Preferred stock, number of shares converted (in shares)	12,964
Common stock issued upon conversion (in shares)	399,208
Conversion price (in US$ per share)	$ 38.32
Gain on settlement		$ 1.9