Farmer Bros. (FARM) 10-Q 6 Feb 25 2025 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Dec. 31, 2024	Feb. 03, 2025
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2024
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		21,353,940
Amendment Flag	false
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2025
Entity Central Index Key	0000034563
Current Fiscal Year End Date	--06-30

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Current assets:
Cash and cash equivalents	$ 5,488	$ 5,830
Restricted cash	246	175
Accounts receivable, net of allowance for credit losses of $710 for both periods	35,608	35,147
Inventories	52,771	57,230
Short-term derivative assets	550	11
Prepaid expenses	4,829	4,236
Assets held for sale	352	352
Total current assets	99,844	102,981
Property, plant and equipment, net	30,984	34,002
Intangible assets, net	10,133	11,233
Right-of-use operating lease assets	36,858	35,241
Other assets	1,300	1,756
Total assets	179,119	185,213
Current liabilities:
Accounts payable	44,629	48,478
Accrued payroll expenses	10,900	10,782
Right-of-use operating lease liabilities - current	16,090	14,046
Short-term derivative liability	2,624	730
Other current liabilities	3,649	2,997
Total current liabilities	77,892	77,033
Long-term borrowings under revolving credit facility	23,300	23,300
Accrued pension liabilities	11,553	12,287
Accrued postretirement benefits	811	789
Accrued workers’ compensation liabilities	2,557	2,378
Right-of-use operating lease liabilities - noncurrent	21,290	21,766
Other long-term liabilities	226	2,111
Total liabilities	137,629	139,664
Commitments and contingencies
Stockholders’ equity:
Common stock, $1.00 par value, 50,000,000 shares authorized; 21,351,396 and 21,264,327 shares issued and outstanding as of December 31, 2024 and June 30, 2024, respectively	21,351	21,265
Additional paid-in capital	80,913	79,963
Accumulated deficit	(35,146)	(30,354)
Accumulated other comprehensive loss	(25,628)	(25,325)
Total stockholders’ equity	41,490	45,549
Total liabilities and stockholders’ equity	$ 179,119	$ 185,213

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 710	$ 710
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)	21,351,396	21,264,327
Common stock, shares outstanding (in shares)	21,351,396	21,264,327

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Net sales	$ 90,021	$ 89,453	$ 175,086	$ 171,340
Cost of goods sold	51,182	53,344	98,930	104,444
Gross profit	38,839	36,109	76,156	66,896
Selling expenses	26,760	28,141	53,987	54,969
General and administrative expenses	9,534	9,655	20,786	22,486
Net losses (gains) on disposal of assets	1,527	(6,138)	3,193	(12,922)
Operating expenses	37,821	31,658	77,966	64,533
Income (loss) from operations	1,018	4,451	(1,810)	2,363
Other (expense) income:
Interest expense	(1,922)	(1,907)	(3,713)	(4,129)
Other, net	1,033	324	783	3,195
Total other expense	(889)	(1,583)	(2,930)	(934)
Income (loss) before taxes	129	2,868	(4,740)	1,429
Income tax (benefit) expense	(81)	164	52	32
Net income (loss)	$ 210	$ 2,704	$ (4,792)	$ 1,397
Net income (loss) available to common stockholders per common share, basic (in dollars per share)	$ 0.01	$ 0.13	$ (0.23)	$ 0.07
Net income (loss) available to common stockholders per common share, diluted (in dollars per share)	$ 0.01	$ 0.13	$ (0.23)	$ 0.07
Weighted average common shares outstanding, basic (in shares)	21,314,911	20,728,699	21,289,073	20,565,492
Weighted average common shares outstanding, diluted (in shares)	22,357,699	20,917,562	21,289,073	20,740,303

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 210	$ 2,704	$ (4,792)	$ 1,397
Other comprehensive income (loss), net of taxes:
Unrealized (losses) gains on derivatives designated as cash flow hedges	(6)	606	1	151
(Gain) loss on derivatives designated as cash flow hedges reclassified to cost of goods sold	(181)	802	(303)	630
Total comprehensive income (loss)	$ 23	$ 4,112	$ (5,094)	$ 2,178

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Common Shares	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Loss
Beginning Balance (in shares) at Jun. 30, 2023		20,142,973
Beginning Balance at Jun. 30, 2023	$ 38,112	$ 20,144	$ 77,278	$ (26,479)	$ (32,831)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,307)			(1,307)
Cash flow hedges, net of taxes	(628)				(628)
401(k) compensation expense, including reclassifications (in shares)		154,046
401(k) compensation expense, including reclassifications	807	$ 154	653
Share-based compensation	814		814
Issuance of common stock and stock option exercises (in shares)		279,464
Issuance of common stock and stock option exercises	0	$ 280	(280)
Ending Balance (in shares) at Sep. 30, 2023		20,576,483
Ending Balance at Sep. 30, 2023	37,798	$ 20,578	78,465	(27,786)	(33,459)
Beginning Balance (in shares) at Jun. 30, 2023		20,142,973
Beginning Balance at Jun. 30, 2023	38,112	$ 20,144	77,278	(26,479)	(32,831)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,397
Ending Balance (in shares) at Dec. 31, 2023		20,793,956
Ending Balance at Dec. 31, 2023	43,261	$ 20,795	79,598	(25,082)	(32,050)
Beginning Balance (in shares) at Sep. 30, 2023		20,576,483
Beginning Balance at Sep. 30, 2023	37,798	$ 20,578	78,465	(27,786)	(33,459)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	2,704			2,704
Cash flow hedges, net of taxes	1,409				1,409
401(k) compensation expense, including reclassifications (in shares)		171,786
401(k) compensation expense, including reclassifications	912	$ 172	740
Share-based compensation	438		438
Issuance of common stock and stock option exercises (in shares)		45,687
Issuance of common stock and stock option exercises	0	$ 45	(45)
Ending Balance (in shares) at Dec. 31, 2023		20,793,956
Ending Balance at Dec. 31, 2023	43,261	$ 20,795	79,598	(25,082)	(32,050)
Beginning Balance (in shares) at Jun. 30, 2024		21,264,327
Beginning Balance at Jun. 30, 2024	45,549	$ 21,265	79,963	(30,354)	(25,325)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(5,002)			(5,002)
Cash flow hedges, net of taxes	(116)				(116)
Share-based compensation	495		495
Issuance of common stock and stock option exercises (in shares)		3,896
Issuance of common stock and stock option exercises	0	$ 3	(3)
Ending Balance (in shares) at Sep. 30, 2024		21,268,223
Ending Balance at Sep. 30, 2024	40,926	$ 21,268	80,455	(35,356)	(25,441)
Beginning Balance (in shares) at Jun. 30, 2024		21,264,327
Beginning Balance at Jun. 30, 2024	45,549	$ 21,265	79,963	(30,354)	(25,325)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(4,792)
Ending Balance (in shares) at Dec. 31, 2024		21,351,396
Ending Balance at Dec. 31, 2024	41,490	$ 21,351	80,913	(35,146)	(25,628)
Beginning Balance (in shares) at Sep. 30, 2024		21,268,223
Beginning Balance at Sep. 30, 2024	40,926	$ 21,268	80,455	(35,356)	(25,441)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	210			210
Cash flow hedges, net of taxes	(187)				(187)
Share-based compensation	541		541
Issuance of common stock and stock option exercises (in shares)		83,173
Issuance of common stock and stock option exercises	0	$ 83	(83)
Ending Balance (in shares) at Dec. 31, 2024		21,351,396
Ending Balance at Dec. 31, 2024	$ 41,490	$ 21,351	$ 80,913	$ (35,146)	$ (25,628)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net (loss) income	$ (4,792)	$ 1,397
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities
Depreciation and amortization	5,817	5,792
Net losses (gains) on disposal of assets	3,193	(14,136)
Net losses on derivative instruments	3,183	429
401(k) and share-based compensation expense	1,037	2,970
Provision for credit losses	322	450
Change in operating assets and liabilities:
Accounts receivable, net	(782)	13,044
Inventories	4,458	(6,193)
Derivative (liabilities) assets, net	(3,635)	(779)
Other assets	(115)	1,146
Accounts payable	(3,795)	(15,936)
Accrued expenses and other	155	949
Net cash provided by (used in) operating activities	5,046	(10,867)
Cash flows from investing activities:
Sale of business	0	(1,214)
Purchases of property, plant and equipment	(5,362)	(6,853)
Proceeds from sales of property, plant and equipment	165	20,497
Net cash (used in) provided by investing activities	(5,197)	12,430
Cash flows from financing activities:
Proceeds from Credit Facilities	7,000	2,279
Repayments on Credit Facilities	(7,000)	(2,000)
Payments of finance lease obligations	(96)	(96)
Payment of financing costs	(24)	(58)
Net cash (used in) provided by financing activities	(120)	125
Net (decrease) increase in cash and cash equivalents and restricted cash	(271)	1,688
Cash and cash equivalents and restricted cash at beginning of period	6,005	5,419
Cash and cash equivalents and restricted cash at end of period	5,734	7,107
Supplemental disclosure of non-cash investing and financing activities:
Right-of-use assets obtained in exchange for new operating lease liabilities	8,890	6,456
Non-cash issuance of 401(K) common stock	0	326
Non cash additions to property, plant and equipment	$ 54	$ 52

Introduction and Basis of Prese

Introduction and Basis of Presentation	6 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Introduction and Basis of Presentation	Note 1. Introduction and Basis of Presentation 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 restaurants, 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. Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete consolidated financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation of the interim financial data have been included. Operating results for the three and six months ended December 31, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2025. 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 accompanying unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on September 12, 2024, as amended by the Form 10-K/A filed on October 25, 2024 (as amended, the “2024 Form 10-K”). 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 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies For a detailed discussion about the Company’s significant accounting policies, see Note 2, “ Summary of Significant Accounting Policies, ” in the Notes to Consolidated Financial Statements in the 2024 Form 10-K. During the three and six months ended December 31, 2024, there were no significant updates made to the Company’s significant accounting policies. Cash Equivalents At December 31, 2024, we had $5.5 million of unrestricted cash and cash equivalents and $0.2 million in restricted cash on deposit in broker accounts to satisfy margin requirements associated with certain coffee-related derivative instruments resulting from an increase in the “C” market price of green coffee during the six months ended December 31, 2024. Further changes in commodity prices and the number of coffee-related derivative instruments held could have an impact on cash deposit requirements under our broker and counterparty agreements and may adversely affect our liquidity. Concentration of Credit Risk At December 31, 2024 and 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. 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. There were no individual customers with balances over 10% of the Company’s accounts receivable balance. Recent Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standards Updates (“ASUs”) issued by the Financial Accounting Standards Board (the “FASB”). 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.

Leases

Leases	6 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Leases	Note 3. 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. The components of lease expense are as follows: Three Months Ended December 31, Six Months Ended December 31, (In thousands) 2024 2023 2024 2023 Operating lease expense $ 4,904 $ 3,445 $ 9,134 $ 6,322 Finance lease expense: Amortization of finance lease assets 41 41 82 82 Interest on finance lease liabilities 4 7 8 13 Total lease expense $ 4,949 $ 3,493 $ 9,224 $ 6,417 Maturities of lease liabilities are as follows: December 31, 2024 (In thousands) Operating Leases Finance Leases 2025 $ 8,742 $ 96 2026 13,910 96 2027 8,734 — 2028 6,632 — 2029 3,353 — Thereafter 346 — Total lease payments 41,717 192 Less: interest (4,337) (4) Total lease obligations $ 37,380 $ 188 Lease term and discount rate: December 31, 2024 June 30, 2024 Weighted-average remaining lease terms (in years): Operating lease 4.0 5.2 Finance lease 1.0 1.5 Weighted-average discount rate: Operating lease 6.81 % 6.65 % Finance lease 6.50 % 6.50 % Other Information: Six Months Ended December 31, (In thousands) 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 8,532 $ 6,319 Operating cash flows from finance leases 8 13 Financing cash flows from finance leases 96 96
Leases	Note 3. 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. The components of lease expense are as follows: Three Months Ended December 31, Six Months Ended December 31, (In thousands) 2024 2023 2024 2023 Operating lease expense $ 4,904 $ 3,445 $ 9,134 $ 6,322 Finance lease expense: Amortization of finance lease assets 41 41 82 82 Interest on finance lease liabilities 4 7 8 13 Total lease expense $ 4,949 $ 3,493 $ 9,224 $ 6,417 Maturities of lease liabilities are as follows: December 31, 2024 (In thousands) Operating Leases Finance Leases 2025 $ 8,742 $ 96 2026 13,910 96 2027 8,734 — 2028 6,632 — 2029 3,353 — Thereafter 346 — Total lease payments 41,717 192 Less: interest (4,337) (4) Total lease obligations $ 37,380 $ 188 Lease term and discount rate: December 31, 2024 June 30, 2024 Weighted-average remaining lease terms (in years): Operating lease 4.0 5.2 Finance lease 1.0 1.5 Weighted-average discount rate: Operating lease 6.81 % 6.65 % Finance lease 6.50 % 6.50 % Other Information: Six Months Ended December 31, (In thousands) 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 8,532 $ 6,319 Operating cash flows from finance leases 8 13 Financing cash flows from finance leases 96 96

Derivative Instruments

Derivative Instruments	6 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Note 4. 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, “ Summary of Significant Accounting Policies ,” in the Notes to the Consolidated Financial Statements in the 2024 Form 10-K. 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 December 31, 2024 and June 30, 2024: (In thousands) December 31, 2024 June 30, 2024 Derivative instruments designated as cash flow hedges: Long coffee pounds 750 — Derivative instruments not designated as cash flow hedges: Long coffee pounds 38 71 Total 788 71 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 (In thousands) December 31, 2024 June 30, 2024 December 31, 2024 June 30, 2024 Financial Statement Location: Short-term coffee-related derivative assets $ — $ — $ 550 $ 11 Long-term coffee-related derivative assets (1) — — — 33 Short-term coffee-related derivative liabilities 5 — 2,619 730 Long-term coffee-related derivative liabilities (2) — — — 1,505 ________________ (1) Included in “Other Assets” on the Company's consolidated balance sheets. (2) 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” and “Cost of goods sold”. Three Months Ended December 31, Six Months Ended December 31, Financial Statement Classification (In thousands) 2024 2023 2024 2023 Net gain (losses) recognized in AOCI - Coffee-related (6) 606 1 151 AOCI Net gains (losses) recognized in earnings - Coffee-related 181 (802) 303 (630) Cost of goods sold For the three and six months ended December 31, 2024 and 2023, there were no ga ins or losses recognized in earnings as a result of excluding amounts from the assessment of hedge effectiveness. Net losses (gains) on derivative instruments in the Company’s consolidated statements of cash flows include net (gains) losses on coffee-related derivative instruments designated as cash flow hedges reclassified to cost of goods sold from AOCI in the three and six months ended December 31, 2024 and 2023. Gains and losses on coffee-related derivative instruments not designated as accounting hedges are included in “Other, net” in the Company’s consolidated statements of operations and in Net losses (gains) on derivative instruments in the Company’s consolidated statements of cash flows. Net gains and losses recorded in “Other, net” are as follows: Three Months Ended December 31, Six Months Ended December 31, (In thousands) 2024 2023 2024 2023 Net (losses) gains on coffee-related derivative instruments (1) $ (2,055) $ (1,177) $ (3,486) $ 202 Non-operating pension and other postretirement benefits 1,012 915 2,024 1,831 Other gains, net 2,076 586 2,245 1,162 Other, net $ 1,033 $ 324 $ 783 $ 3,195 ___________ (1) Excludes net gains and losses on coffee-related derivative instruments designated as cash flow hedges recorded in cost of goods sold in the three and six months ended December 31, 2024 and 2023. 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: Three Months Ended December 31, Six Months Ended December 31, (In thousands) 2024 2023 2024 2023 Accumulated other comprehensive loss beginning balance $ 269 $ 1,803 $ 154 $ 1,176 Net losses (gains) recognized in AOCI - Coffee-related 6 (606) (1) (151) Net gains (losses) recognized in earnings - Coffee-related 181 (802) 303 (630) Accumulated other comprehensive loss ending balance $ 456 $ 395 $ 456 $ 395 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 December 31, 2024 Derivative Assets $ 550 $ (550) $ — $ — Derivative Liabilities 2,624 (550) — 2,074 June 30, 2024 Derivative Assets 44 (44) — — Derivative Liabilities 2,235 (44) — 2,191 Cash Flow Hedges Changes in the fair value of the Company’s coffee-related derivative instruments designated as cash flow hedges are deferred in AOCI and subsequently reclassified into cost of goods sold in the same period or periods in which the hedged forecasted purchases affect earnings, or when it is probable that the hedged forecasted transaction will not occur by the end of the originally specified time period. Based on recorded values at December 31, 2024, $11.0 thousand of net gains on

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 5. 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 December 31, 2024 Derivative instruments designated as cash flow hedges: Coffee-related derivative liabilities (1) $ 5 $ — $ 5 $ — Derivative instruments not designated as accounting hedges: Coffee-related derivative assets (1) 550 — 550 — Coffee-related derivative liabilities (1) 2,619 — 2,619 — Total Level 1 Level 2 Level 3 June 30, 2024 Coffee-related derivative assets (1) 44 — 44 — Coffee-related derivative liabilities (1) 2,235 — 2,235 — ____________________ (1)

Accounts Receivable, Net

Accounts Receivable, Net	6 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Accounts Receivable, Net	Note 6. Accounts Receivable, Net (In thousands) December 31, 2024 June 30, 2024 Trade receivables $ 36,021 $ 34,438 Other receivables (1) 297 1,419 Allowance for credit losses (710) (710) Accounts receivable, net $ 35,608 $ 35,147 __________ (1) Includes vendor rebates, transition services receivables and other non-trade receivables.

Inventories

Inventories	6 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Inventories	Note 7. Inventories (In thousands) December 31, 2024 June 30, 2024 Coffee Processed $ 17,969 $ 22,432 Unprocessed 7,328 6,105 Total $ 25,297 $ 28,537 Tea and culinary products Processed 24,186 25,166 Unprocessed 45 41 Total $ 24,231 $ 25,207 Coffee brewing equipment parts 3,243 3,486 Total inventories $ 52,771 $ 57,230

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Note 8. Property, Plant and Equipment (In thousands) December 31, 2024 June 30, 2024 Buildings and facilities $ 20,676 $ 20,441 Machinery, vehicles and equipment 100,144 108,757 Capitalized software 9,713 9,190 Office furniture and equipment 7,341 8,486 $ 137,874 $ 146,874 Accumulated depreciation (107,808) (113,790) Land 918 918 Property, plant and equipment, net $ 30,984 $ 34,002 Coffee Brewing Equipment (“CBE”) and Service Capitalized CBE included in machinery, vehicles and equipment above are: (In thousands) December 31, 2024 June 30, 2024 Coffee Brewing Equipment $ 58,928 $ 66,596 Accumulated depreciation (35,074) (39,941) Coffee Brewing Equipment, net $ 23,854 $ 26,655 Depreciation expense related to capitalized CBE and other CBE related expenses provided to customers and reported in cost of goods sold were as follows: Three Months Ended December 31, Six Months Ended December 31, (In thousands) 2024 2023 2024 2023 Depreciation expense in COGS $ 1,850 $ 1,790 $ 3,738 $ 3,585 CBE Costs excl. depreciation exp 7,074 8,807 14,280 18,691

Intangible Assets

Intangible Assets	6 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 9. Intangible Assets The following is a summary of the Company’s amortized and unamortized intangible assets: December 31, 2024 June 30, 2024 (In thousands) Weighted Average Amortization Period as of December 31, 2024 Gross Carrying Accumulated Net Gross Carrying Accumulated Net Amortized intangible assets: Customer relationships 2.5 $ 33,003 $ (27,392) $ 5,611 $ 33,003 $ (26,292) $ 6,711 Unamortized intangible assets: Trademarks, trade names and brand name with indefinite lives 4,522 — 4,522 4,522 — 4,522 Total intangible assets $ 37,525 $ (27,392) $ 10,133 $ 37,525 $ (26,292) $ 11,233 Aggregate amortization expense for the three months ended December 31, 2024 and 2023 was $0.5 million and $0.6 million, respectively. Aggregate amortization expense for the six months ended December 31, 2024 and 2023 was $1.1 million and $1.2 million, respectively.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Employee Benefit Plans	Note 10. Employee Benefit Plans Single Employer Pension Plans As of December 31, 2024, the Company has two defined benefit pension plans for certain employees, the "Farmer Bros. Plan" and the “Hourly Employees' Plan.” The Company froze benefit accruals and participation in these plans effective June 30, 2011 and October 1, 2016, respectively. After the plan freezes, participants do not accrue any benefits under the plan, and new hires are not eligible to participate in the plan. The net periodic benefit cost for the defined benefit pension plans is as follows: Three Months Ended December 31, Six Months Ended December 31, (In thousands) 2024 2023 2024 2023 Interest cost $ 1,216 $ 1,204 $ 2,432 $ 2,408 Expected return on plan assets (1,161) (1,122) (2,322) (2,244) Amortization of net loss (1) 149 207 298 413 Net periodic benefit cost $ 204 $ 289 $ 408 $ 577 ___________ (1) These amounts represent the estimated portion of the net loss in AOCI that is expected to be recognized as a component of net periodic benefit cost over the current fiscal year. Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost December 31, 2024 June 30, 2024 Discount rate 5.35% 5.05% Expected long-term return on plan assets 7.00% 7.00% Multiemployer Pension Plans The Company participates in one multiemployer defined benefit pension plan that is union sponsored and collectively bargained for the benefit of certain employees subject to collective bargaining agreements, called the Western Conference of Teamsters Pension Plan (“WCTPP”). The Company makes contributions to this plan generally based on the number of hours worked by the participants in accordance with the provisions of negotiated labor contracts. The company also contributes to two defined contribution pension plans (“All Other Plans”) that are union sponsored and collectively bargained for the benefit of certain employees subject to collective bargaining agreements. Contributions made by the Company to the multiemployer pension plans were as follows: Three Months Ended December 31, Six Months Ended December 31, (In thousands) 2024 2023 2024 2023 Contributions to WCTPP $ 321 $ 356 $ 692 $ 672 Contributions to All Other Plans 10 10 20 18 Multiemployer Plans Other Than Pension Plans The Company participates in nine multiemployer defined contribution plans other than pension plans that provide medical, vision, dental and disability benefits for active, union-represented employees subject to collective bargaining agreements. The plans are subject to the provisions of the Employee Retirement Income Security Act of 1974, and provide that participating employers make monthly contributions to the plans in an amount as specified in the collective bargaining agreements. Also, the plans provide that participants make self-payments to the plans, the amounts of which are negotiated through the collective bargaining process. The Company’s participation in these plans is governed by collective bargaining agreements which expire on or before September 30, 2027. 401(k) Plan Farmer Bros. Co. 401(k) Plan (the “401(k) Plan”) is available to all eligible employees. The Company has a matching program that 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, 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.

Debt Obligations

Debt Obligations	6 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Debt Obligations	Note 11. Debt Obligations The following table summarizes the Company’s debt obligations: December 31, 2024 June 30, 2024 (In thousands) Debt Origination Date Maturity Principal Borrowing Amount Carrying Value Weighted Average Interest Rate Carrying Value Weighted Average Interest Rate Revolver Various 4/26/2027 N/A $ 23,300 6.75 % $ 23,300 7.05 % Revolver Facility The Company maintains a senior secured credit facility composed of (a) the Revolver Credit Facility Agreement (as amended from time to time, 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” and, together with the Revolver Credit Facility Agreement, the “Revolver Agreements”), 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. The Revolver Credit Facility Agreement was subsequently amended by (i) that certain Increase Joinder and Amendment No. 2 to Credit Agreement, dated August 8, 2022, (ii) that certain Amendment No. 3 to Credit Agreement, dated August 31, 2022, (iii) that certain Consent and Amendment No. 4 to Credit Agreement, dated June 30, 2023 and (iv) that certain Consent and Amendment No. 5 to Credit Agreement, dated December 4, 2023. The Company has no outstanding loans under the Term Credit Facility Agreement. For a detailed discussion about the Company’s Revolver Credit Facility Agreement and Term Credit Facility Agreement, see Note 13, “Debt Obligations” in the Notes to Consolidated Financial Statements in the 2024 Form 10-K. The following is a summary description of the key terms of the Revolver Agreements as in effect as of the date hereof. 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 + 0.5% 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 Agreements 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 December 31, 2024 , the Company had outstanding borrowings on the Revolver Credit Facility of $23.3 million and had uti lized $4.4 million of the letters of credit sublimit. At December 31, 2024, we h ad $23.7 million av ailable for borrowing under our Revolver Credit Facility. As of December 31, 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 this agreement for the next 12 months.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Note 12. Share-based Compensation Farmer Bros. Co. Amended and Restated 2017 Long-Term Incentive Plan (the “2017 Plan”) As of December 31, 2024, there were 1,081,654 shares available under the 2017 Plan including shares that were forfeited under the prior plans for future issuance. Farmer Bros. Co. 2020 Inducement Incentive Award Plan (the “2020 Inducement Plan”) As of December 31, 2024, there were 2,919 shares available under the 2020 Inducement Plan. Non-qualified stock options with time-based vesting (“NQOs”) One-third of the total number of shares subject to each stock option 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 NQOs granted, exercised, cancelled or forfeited during the six months ended December 31, 2024. As of December 31, 2024, there were 19,450 NQOs exercisable and outstanding with a weighted average remaining life of 1.7 years. The weighted average exercise price of NQO’s was $17.75. The NQOs have an intrinsic value of zero at December 31, 2024. Restricted Stock The following table summarizes restricted stock activity for the six months ended December 31, 2024: Outstanding and Nonvested Restricted Stock Awards: Shares Weighted Average Outstanding and nonvested at June 30, 2024 662,661 3.72 Granted 410,000 2.22 Vested/Released (138,559) 3.77 Cancelled/Forfeited (37,291) 3.20 Outstanding and nonvested at December 31, 2024 896,811 3.05 The weighted average grant date fair value of RSUs granted during the quarter ended December 31, 2024 and 2023 were $2.13 and $2.42, respectively. The total grant-date fair value of restricted stock granted during the six months ended December 31, 2024 was $0.9 million. The total fair value of awards vested during the six months ended December 31, 2024 and 2023 were $0.5 million and $0.6 million, respectively. At December 31, 2024 and June 30, 2024, there was $1.7 million and $1.7 million, respectively, of unrecognized compensation cost related to restricted stock. The unrecognized compensation cost related to restricted stock at December 31, 2024 is expected to be recognized over the weighted average period of 1.3 years. Total compensation expense for restricted stock was $0.3 million and $0.4 million, respectively, in the three months ended December 31, 2024 and 2023. Total compensation expense for restricted stock was $0.7 million and $1.0 million, respectively, in the six months ended December 31, 2024 and 2023. Performance-Based Restricted Stock Units (“PBRSUs”) The following table summarizes PBRSU activity for the six months ended December 31, 2024: Outstanding and Nonvested PBRSUs: PBRSUs Weighted Average Outstanding and nonvested at June 30, 2024 394,576 2.95 Granted 530,000 2.21 Vested/Released — — Cancelled/Forfeited (45,000) 2.42 Outstanding and nonvested at December 31, 2024 879,576 2.53 The weighted average grant date fair value of PBRSUs granted during the quarter ended December 31, 2024 and 2023 was $2.21 and $2.42, respectively. The total grant-date fair value of PBRSU granted during the six months ended December 31, 2024 was $1.2 million. There were no PBRSU’s vested during the six months ended December 31, 2024. The total fair value of awards vested during the six months ended December 31, 2023 was $0.3 million , respectively . At December 31, 2024 and June 30, 2024, there was $1.4 million and $0.9 million, respectively, of unrecognized PBRSU compensation cost. The unrecognized PBRSU compensation cost at December 31, 2024 is expected to be recognized over the weighted average period of 2.2 years . Total compensation expense for PBRSUs was $0.2 million and $22 thousand , respectively, for the three months ended December 31, 2024 and 2023 . Total compensation expense for PBRSUs was $0.4 million and $0.2 million , respectively, for the six months ended December 31, 2024 and 2023 . Cash-Settled Restricted Stock Units (“CSRSUs”) CSRSUs vest in equal installments over a three-year period from the grant date, and are cash-settled upon vesting based on the closing share price of Common Stock 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 closing share price of Common Stock. The following table summarizes CSRSU activity for the six months ended December 31, 2024: Outstanding and Nonvested CSRSUs: CSRSUs Weighted Average Outstanding and nonvested at June 30, 2024 619,327 2.94 Granted 602,000 2.13 Vested/Released (211,673) 3.27 Cancelled/Forfeited (35,291) 3.24 Outstanding and nonvested at December 31, 2024 974,363 2.36 The weighted average grant date fair value of CRSUs granted during the quarter ended December 31, 2024 and 2023 was $2.13 and $2.42, respectively. The total grant-date fair value of CRSU granted during the six months ended December 31, 2024 was $1.3 million. The total fair value of awards vested was $0.4 million and $0.2 million during the six months ended December 31, 2024 and 2023, respectively. At December 31, 2024 and June 30, 2024, there was $1.6 million and $1.6 million, respectively, of unrecognized compensation cost related to CSRSU. The unrecognized compensation cost related to CSRSU at December 31, 2024 is expected to be recognized over the weighted average period of 1.7 years. Total compensation expense for CSRSUs was $0.2 million and $0.1 million, respectively for the three months ended December 31, 2024 and 2023. Total compensation expense for CSRSUs was $0.4 million and $0.2 million, respectively for the six months ended December 31, 2024 and 2023.

Other Current Liabilities

Other Current Liabilities	6 Months Ended
	Dec. 31, 2024
Payables and Accruals [Abstract]
Other Current Liabilities	Note 13. Other Current Liabilities Other current liabilities consist of the following: (In thousands) December 31, 2024 June 30, 2024 Accrued workers’ compensation liabilities $ 886 $ 481 Finance lease liabilities 161 193 Other (1) 2,602 2,323 Other current liabilities $ 3,649 $ 2,997 _________ (1) Includes accrued property taxes, sales and use taxes and insurance liabilities.

Other Long-Term Liabilities

Other Long-Term Liabilities	6 Months Ended
	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
Other Long-Term Liabilities	Note 14. Other Long-Term Liabilities Other long-term liabilities include the following: (In thousands) December 31, 2024 June 30, 2024 Derivative liabilities non-current $ — $ 1,505 Deferred compensation (1) 199 505 Finance lease liabilities 27 101 Other long-term liabilities $ 226 $ 2,111 ___________ (1) Includes payroll taxes and cash-settled restricted stock units liabilities.

Income Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Note 15. Income Taxes The income tax expense and the related effective tax rates are as follows (in thousands, except effective tax rate): Three Months Ended December 31, Six Months Ended December 31, 2024 2023 2024 2023 Income tax (benefit) expense $ (81) $ 164 $ 52 $ 32 Effective tax rate (62.8) % 5.7 % (1.1) % 2.2 % The Company’s interim tax provision is determined using an estimated annual effective tax rate and adjusted for discrete taxable events that may occur during the quarter. The Company recognizes the effects of tax legislation in the period in which the law is enacted. Deferred tax assets and liabilities are remeasured using enacted tax rates expected to apply to taxable income in the years the Company estimates the related temporary differences to reverse. The Company evaluates its deferred tax assets quarterly to determine if a valuation allowance is required. In making such 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. Tax benefit in the three months ended December 31, 2024 was $81 thousand compared to tax expense of $164 thousand in the three months ended December 31, 2023, which primarily relates to state income tax. Tax expense in the six months ended December 31, 2024 was $52 thousand compared to $32 thousand in the six months ended December 31, 2023, which primarily relates to state income tax. The Company files its tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, the Company is subject to examination by U.S. federal, state and local tax authorities. With limited exceptions, as of December 31, 2024, the Company is no longer subject to income tax audits by taxing authorities for any years prior to June 30, 2021. 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.

Net (Loss) Income Per Common Sh

Net (Loss) Income Per Common Share	6 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Net (Loss) Income Per Common Share	Note 16. Net (Loss) Income Per Common Share Basic net (loss) income per common share is calculated by dividing net (loss) income attributable to the Company by the weighted average number of common shares outstanding during the periods presented. Diluted net (loss) income per common share is calculated by dividing diluted net (loss) income 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, and RSUs, 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 three and six months ended December 31, 2024, respectively, shares of the Company’s outstanding stock options were not included in the computation of diluted (loss) income per common share as their effects were anti-dilutive. For the three and six months ended December 31, 2023, shares of the Company’s outstanding stock options were not included in the computation of diluted (loss) income per common share as their effects were anti-dilutive. The following table presents the computation of basic and diluted net earnings income (loss) per common share: Three Months Ended December 31, Six Months Ended December 31, (In thousands, except share and per share amounts) 2024 2023 2024 2023 Net income (loss) from operations available to common stockholders $ 210 $ 2,704 $ (4,792) $ 1,397 Weighted average shares outstanding - basic 21,314,911 20,728,699 21,289,073 20,565,492 Effect of dilutive securities: Shares issuable under RSUs and PBSRUs 1,042,788 188,863 — 174,811 Weighted average common shares outstanding - diluted 22,357,699 20,917,562 21,289,073 20,740,303 Net income (loss) per common share available to stockholders—basic and diluted $ 0.01 $ 0.13 $ (0.23) $ 0.07

Revenue Recognition

Revenue Recognition	6 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Note 17. 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 Direct-store-delivery (“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: Three Months Ended December 31, Six Months Ended December 31, 2024 2023 2024 2023 (In thousands) $ % of total $ % of total $ % of total $ % of total Net Sales by Product Category: Coffee (Roasted) $ 42,354 47.0 % $ 42,005 47.0 % $ 81,586 46.6 % $ 79,896 46.6 % Tea & Other Beverages (1) 25,302 28.1 % 24,190 27.0 % 49,072 28.0 % 44,424 25.9 % Culinary 15,992 17.8 % 16,592 18.5 % 31,546 18.0 % 33,503 19.6 % Spices 5,154 5.7 % 5,378 6.0 % 10,443 6.0 % 10,990 6.4 % Delivery Surcharge 1,219 1.4 % 1,288 1.5 % 2,439 1.4 % 2,527 1.5 % Net sales $ 90,021 100.0 % $ 89,453 100.0 % $ 175,086 100.0 % $ 171,340 100.0 % ____________ (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.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 18. Commitments and Contingencies For a detailed discussion about the Company’s commitments and contingencies, see Note 19, “Commitments and Contingencies” in the Notes to Consolidated Financial Statements in the 2024 Form 10-K. During the six months ended December 31, 2024, other than the following, or as otherwise disclosed herein, there were no material changes in the Company’s commitments and contingencies. Purchase Commitments As of December 31, 2024, the Company had committed to purchase green coffee inventory totaling $29.3 million under fixed-price contracts, and $10.5 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. The Company had a $1.9 million legal settlement for the quarter ending December 31, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Pay vs Performance Disclosure
Net (loss) income	$ 210	$ (5,002)	$ 2,704	$ (1,307)	$ (4,792)	$ 1,397

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 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

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete consolidated financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation of the interim financial data have been included. Operating results for the three and six months ended December 31, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2025. 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 accompanying unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on September 12, 2024, as amended by the Form 10-K/A filed on October 25, 2024 (as amended, the “2024 Form 10-K”). For a detailed discussion about the Company’s significant accounting policies, see Note 2, “ Summary of Significant Accounting Policies, ” in the Notes to Consolidated Financial Statements in the 2024 Form 10-K. During the three and six months ended December 31, 2024, there were no significant updates made to the Company’s significant accounting policies.
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 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
Concentration of Credit Risk	Concentration of Credit Risk At December 31, 2024 and 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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standards Updates (“ASUs”) issued by the Financial Accounting Standards Board (the “FASB”). 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.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Summary of Lease Expense and Other Information	The components of lease expense are as follows: Three Months Ended December 31, Six Months Ended December 31, (In thousands) 2024 2023 2024 2023 Operating lease expense $ 4,904 $ 3,445 $ 9,134 $ 6,322 Finance lease expense: Amortization of finance lease assets 41 41 82 82 Interest on finance lease liabilities 4 7 8 13 Total lease expense $ 4,949 $ 3,493 $ 9,224 $ 6,417 Other Information: Six Months Ended December 31, (In thousands) 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 8,532 $ 6,319 Operating cash flows from finance leases 8 13 Financing cash flows from finance leases 96 96
Summary of Maturities of Lease Liabilities, Operating Leases	Maturities of lease liabilities are as follows: December 31, 2024 (In thousands) Operating Leases Finance Leases 2025 $ 8,742 $ 96 2026 13,910 96 2027 8,734 — 2028 6,632 — 2029 3,353 — Thereafter 346 — Total lease payments 41,717 192 Less: interest (4,337) (4) Total lease obligations $ 37,380 $ 188
Summary of Maturities of Lease Liabilities, Finance Leases	Maturities of lease liabilities are as follows: December 31, 2024 (In thousands) Operating Leases Finance Leases 2025 $ 8,742 $ 96 2026 13,910 96 2027 8,734 — 2028 6,632 — 2029 3,353 — Thereafter 346 — Total lease payments 41,717 192 Less: interest (4,337) (4) Total lease obligations $ 37,380 $ 188
Summary of Lease Term and Discount Rate	Lease term and discount rate: December 31, 2024 June 30, 2024 Weighted-average remaining lease terms (in years): Operating lease 4.0 5.2 Finance lease 1.0 1.5 Weighted-average discount rate: Operating lease 6.81 % 6.65 % Finance lease 6.50 % 6.50 %

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Dec. 31, 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 December 31, 2024 and June 30, 2024: (In thousands) December 31, 2024 June 30, 2024 Derivative instruments designated as cash flow hedges: Long coffee pounds 750 — Derivative instruments not designated as cash flow hedges: Long coffee pounds 38 71 Total 788 71
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 (In thousands) December 31, 2024 June 30, 2024 December 31, 2024 June 30, 2024 Financial Statement Location: Short-term coffee-related derivative assets $ — $ — $ 550 $ 11 Long-term coffee-related derivative assets (1) — — — 33 Short-term coffee-related derivative liabilities 5 — 2,619 730 Long-term coffee-related derivative liabilities (2) — — — 1,505 ________________ (1) Included in “Other Assets” on the Company's consolidated balance sheets. (2) 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” and “Cost of goods sold”. Three Months Ended December 31, Six Months Ended December 31, Financial Statement Classification (In thousands) 2024 2023 2024 2023 Net gain (losses) recognized in AOCI - Coffee-related (6) 606 1 151 AOCI Net gains (losses) recognized in earnings - Coffee-related 181 (802) 303 (630) Cost of goods sold
Schedule of Net Realized and Unrealized Gains and Losses Recorded in 'Other, net'	Net gains and losses recorded in “Other, net” are as follows: Three Months Ended December 31, Six Months Ended December 31, (In thousands) 2024 2023 2024 2023 Net (losses) gains on coffee-related derivative instruments (1) $ (2,055) $ (1,177) $ (3,486) $ 202 Non-operating pension and other postretirement benefits 1,012 915 2,024 1,831 Other gains, net 2,076 586 2,245 1,162 Other, net $ 1,033 $ 324 $ 783 $ 3,195 ___________ (1) Excludes net gains and losses on coffee-related derivative instruments designated as cash flow hedges recorded in cost of goods sold in the three and six months ended December 31, 2024 and 2023.
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: Three Months Ended December 31, Six Months Ended December 31, (In thousands) 2024 2023 2024 2023 Accumulated other comprehensive loss beginning balance $ 269 $ 1,803 $ 154 $ 1,176 Net losses (gains) recognized in AOCI - Coffee-related 6 (606) (1) (151) Net gains (losses) recognized in earnings - Coffee-related 181 (802) 303 (630) Accumulated other comprehensive loss ending balance $ 456 $ 395 $ 456 $ 395
Schedule of Offsetting Assets	The following table presents the Company’s net exposure from its offsetting derivative asset and liability positions, as well as cash collateral on deposit with its counterparties as of the reporting dates indicated: (In thousands) Gross Amount Reported on Balance Sheet Netting Adjustments Cash Collateral Posted Net Exposure December 31, 2024 Derivative Assets $ 550 $ (550) $ — $ — Derivative Liabilities 2,624 (550) — 2,074 June 30, 2024 Derivative Assets 44 (44) — — Derivative Liabilities 2,235 (44) — 2,191
Schedule of Offsetting Liabilities	The following table presents the Company’s net exposure from its offsetting derivative asset and liability positions, as well as cash collateral on deposit with its counterparties as of the reporting dates indicated: (In thousands) Gross Amount Reported on Balance Sheet Netting Adjustments Cash Collateral Posted Net Exposure December 31, 2024 Derivative Assets $ 550 $ (550) $ — $ — Derivative Liabilities 2,624 (550) — 2,074 June 30, 2024 Derivative Assets 44 (44) — — Derivative Liabilities 2,235 (44) — 2,191

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Dec. 31, 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 December 31, 2024 Derivative instruments designated as cash flow hedges: Coffee-related derivative liabilities (1) $ 5 $ — $ 5 $ — Derivative instruments not designated as accounting hedges: Coffee-related derivative assets (1) 550 — 550 — Coffee-related derivative liabilities (1) 2,619 — 2,619 — Total Level 1 Level 2 Level 3 June 30, 2024 Coffee-related derivative assets (1) 44 — 44 — Coffee-related derivative liabilities (1) 2,235 — 2,235 — ____________________ (1)

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	6 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	(In thousands) December 31, 2024 June 30, 2024 Trade receivables $ 36,021 $ 34,438 Other receivables (1) 297 1,419 Allowance for credit losses (710) (710) Accounts receivable, net $ 35,608 $ 35,147 __________

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory	(In thousands) December 31, 2024 June 30, 2024 Coffee Processed $ 17,969 $ 22,432 Unprocessed 7,328 6,105 Total $ 25,297 $ 28,537 Tea and culinary products Processed 24,186 25,166 Unprocessed 45 41 Total $ 24,231 $ 25,207 Coffee brewing equipment parts 3,243 3,486 Total inventories $ 52,771 $ 57,230

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Summary of Property, Plant and Equipment	(In thousands) December 31, 2024 June 30, 2024 Buildings and facilities $ 20,676 $ 20,441 Machinery, vehicles and equipment 100,144 108,757 Capitalized software 9,713 9,190 Office furniture and equipment 7,341 8,486 $ 137,874 $ 146,874 Accumulated depreciation (107,808) (113,790) Land 918 918 Property, plant and equipment, net $ 30,984 $ 34,002 Coffee Brewing Equipment (“CBE”) and Service Capitalized CBE included in machinery, vehicles and equipment above are: (In thousands) December 31, 2024 June 30, 2024 Coffee Brewing Equipment $ 58,928 $ 66,596 Accumulated depreciation (35,074) (39,941) Coffee Brewing Equipment, net $ 23,854 $ 26,655 Depreciation expense related to capitalized CBE and other CBE related expenses provided to customers and reported in cost of goods sold were as follows: Three Months Ended December 31, Six Months Ended December 31, (In thousands) 2024 2023 2024 2023 Depreciation expense in COGS $ 1,850 $ 1,790 $ 3,738 $ 3,585 CBE Costs excl. depreciation exp 7,074 8,807 14,280 18,691

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	The following is a summary of the Company’s amortized and unamortized intangible assets: December 31, 2024 June 30, 2024 (In thousands) Weighted Average Amortization Period as of December 31, 2024 Gross Carrying Accumulated Net Gross Carrying Accumulated Net Amortized intangible assets: Customer relationships 2.5 $ 33,003 $ (27,392) $ 5,611 $ 33,003 $ (26,292) $ 6,711 Unamortized intangible assets: Trademarks, trade names and brand name with indefinite lives 4,522 — 4,522 4,522 — 4,522 Total intangible assets $ 37,525 $ (27,392) $ 10,133 $ 37,525 $ (26,292) $ 11,233

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Schedule of Net Periodic Benefit Costs	The net periodic benefit cost for the defined benefit pension plans is as follows: Three Months Ended December 31, Six Months Ended December 31, (In thousands) 2024 2023 2024 2023 Interest cost $ 1,216 $ 1,204 $ 2,432 $ 2,408 Expected return on plan assets (1,161) (1,122) (2,322) (2,244) Amortization of net loss (1) 149 207 298 413 Net periodic benefit cost $ 204 $ 289 $ 408 $ 577 ___________ (1) These amounts represent the estimated portion of the net loss in AOCI that is expected to be recognized as a component of net periodic benefit cost over the current fiscal year. Contributions made by the Company to the multiemployer pension plans were as follows: Three Months Ended December 31, Six Months Ended December 31, (In thousands) 2024 2023 2024 2023 Contributions to WCTPP $ 321 $ 356 $ 692 $ 672 Contributions to All Other Plans 10 10 20 18
Summary of Weighted-Average Assumptions Used	Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost December 31, 2024 June 30, 2024 Discount rate 5.35% 5.05% Expected long-term return on plan assets 7.00% 7.00%

Debt Obligations (Tables)

Debt Obligations (Tables)	6 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Debt	The following table summarizes the Company’s debt obligations: December 31, 2024 June 30, 2024 (In thousands) Debt Origination Date Maturity Principal Borrowing Amount Carrying Value Weighted Average Interest Rate Carrying Value Weighted Average Interest Rate Revolver Various 4/26/2027 N/A $ 23,300 6.75 % $ 23,300 7.05 %

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Restricted Stock Activity	The following table summarizes restricted stock activity for the six months ended December 31, 2024: Outstanding and Nonvested Restricted Stock Awards: Shares Weighted Average Outstanding and nonvested at June 30, 2024 662,661 3.72 Granted 410,000 2.22 Vested/Released (138,559) 3.77 Cancelled/Forfeited (37,291) 3.20 Outstanding and nonvested at December 31, 2024 896,811 3.05 The following table summarizes CSRSU activity for the six months ended December 31, 2024: Outstanding and Nonvested CSRSUs: CSRSUs Weighted Average Outstanding and nonvested at June 30, 2024 619,327 2.94 Granted 602,000 2.13 Vested/Released (211,673) 3.27 Cancelled/Forfeited (35,291) 3.24 Outstanding and nonvested at December 31, 2024 974,363 2.36
Schedule of PRBRSU Activity	The following table summarizes PBRSU activity for the six months ended December 31, 2024: Outstanding and Nonvested PBRSUs: PBRSUs Weighted Average Outstanding and nonvested at June 30, 2024 394,576 2.95 Granted 530,000 2.21 Vested/Released — — Cancelled/Forfeited (45,000) 2.42 Outstanding and nonvested at December 31, 2024 879,576 2.53

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	6 Months Ended
	Dec. 31, 2024
Payables and Accruals [Abstract]
Schedule of Other Current Liabilities	Other current liabilities consist of the following: (In thousands) December 31, 2024 June 30, 2024 Accrued workers’ compensation liabilities $ 886 $ 481 Finance lease liabilities 161 193 Other (1) 2,602 2,323 Other current liabilities $ 3,649 $ 2,997 _________ (1) Includes accrued property taxes, sales and use taxes and insurance liabilities.

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	6 Months Ended
	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
Schedule of Other Long-Term Liabilities	Other long-term liabilities include the following: (In thousands) December 31, 2024 June 30, 2024 Derivative liabilities non-current $ — $ 1,505 Deferred compensation (1) 199 505 Finance lease liabilities 27 101 Other long-term liabilities $ 226 $ 2,111 ___________ (1) Includes payroll taxes and cash-settled restricted stock units liabilities.

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Tax	The income tax expense and the related effective tax rates are as follows (in thousands, except effective tax rate): Three Months Ended December 31, Six Months Ended December 31, 2024 2023 2024 2023 Income tax (benefit) expense $ (81) $ 164 $ 52 $ 32 Effective tax rate (62.8) % 5.7 % (1.1) % 2.2 %

Net (Loss) Income Per Common _2

Net (Loss) Income Per Common Share (Tables)	6 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Summary of Basic and Diluted Net Earnings Loss Per Common Share	The following table presents the computation of basic and diluted net earnings income (loss) per common share: Three Months Ended December 31, Six Months Ended December 31, (In thousands, except share and per share amounts) 2024 2023 2024 2023 Net income (loss) from operations available to common stockholders $ 210 $ 2,704 $ (4,792) $ 1,397 Weighted average shares outstanding - basic 21,314,911 20,728,699 21,289,073 20,565,492 Effect of dilutive securities: Shares issuable under RSUs and PBSRUs 1,042,788 188,863 — 174,811 Weighted average common shares outstanding - diluted 22,357,699 20,917,562 21,289,073 20,740,303 Net income (loss) per common share available to stockholders—basic and diluted $ 0.01 $ 0.13 $ (0.23) $ 0.07

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The Company disaggregates net sales from contracts with customers based on the characteristics of the products sold: Three Months Ended December 31, Six Months Ended December 31, 2024 2023 2024 2023 (In thousands) $ % of total $ % of total $ % of total $ % of total Net Sales by Product Category: Coffee (Roasted) $ 42,354 47.0 % $ 42,005 47.0 % $ 81,586 46.6 % $ 79,896 46.6 % Tea & Other Beverages (1) 25,302 28.1 % 24,190 27.0 % 49,072 28.0 % 44,424 25.9 % Culinary 15,992 17.8 % 16,592 18.5 % 31,546 18.0 % 33,503 19.6 % Spices 5,154 5.7 % 5,378 6.0 % 10,443 6.0 % 10,990 6.4 % Delivery Surcharge 1,219 1.4 % 1,288 1.5 % 2,439 1.4 % 2,527 1.5 % Net sales $ 90,021 100.0 % $ 89,453 100.0 % $ 175,086 100.0 % $ 171,340 100.0 % ____________ (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.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Accounting Policies [Abstract]
Cash and cash equivalents	$ 5,488	$ 5,830
Restricted cash	$ 246	$ 175

Leases - Narrative (Details)

Leases - Narrative (Details)	Dec. 31, 2024
Leases [Abstract]
Lessee, renewal term	10 years

Leases - Summary of Lease Expen

Leases - Summary of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease expense	$ 4,904	$ 3,445	$ 9,134	$ 6,322
Finance lease expense:
Amortization of finance lease assets	41	41	82	82
Interest on finance lease liabilities	4	7	8	13
Total lease expense	$ 4,949	$ 3,493	$ 9,224	$ 6,417

Leases - Summary of Maturities

Leases - Summary of Maturities of Lease Liabilities (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Operating Leases
2025	$ 8,742
2026	13,910
2027	8,734
2028	6,632
2029	3,353
Thereafter	346
Total lease payments	41,717
Less: interest	(4,337)
Total lease obligations	37,380
Finance Leases
2025	96
2026	96
2027	0
2028	0
2029	0
Thereafter	0
Total lease payments	192
Less: interest	(4)
Total lease obligations	$ 188

Leases - Summary of Lease Term

Leases - Summary of Lease Term and Discount Rate (Details)	Dec. 31, 2024	Jun. 30, 2024
Weighted-average remaining lease terms (in years):
Operating lease	4 years	5 years 2 months 12 days
Finance lease	1 year	1 year 6 months
Weighted-average discount rate:
Operating lease	6.81%	6.65%
Finance lease	6.50%	6.50%

Leases - Cash Flow Information

Leases - Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating cash flows from operating leases	$ 8,532	$ 6,319
Operating cash flows from finance leases	8	13
Financing cash flows from finance leases	$ 96	$ 96

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Notional Volumes of Derivative Instruments (Details) - lb lb in Thousands	Dec. 31, 2024	Jun. 30, 2024
Derivative [Line Items]
Total	788	71
Cash Flow Hedging | Derivative instruments designated as cash flow hedges: | Long
Derivative [Line Items]
Total	750	0
Cash Flow Hedging | Derivative instruments not designated as cash flow hedges: | Long
Derivative [Line Items]
Total	38	71

Derivative Instruments - Fair V

Derivative Instruments - Fair Value of Derivative Instruments on the Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	$ 550	$ 44
Derivative liability, fair value	2,624	2,235
Derivative instruments designated as cash flow hedges: | Short-term coffee-related derivative assets | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	0	0
Derivative instruments designated as cash flow hedges: | Long-term coffee-related derivative assets | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	0	0
Derivative instruments designated as cash flow hedges: | Short-term coffee-related derivative liabilities | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	5	0
Derivative instruments designated as cash flow hedges: | Long-term coffee-related derivative liabilities | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	0	0
Derivative Instruments Not Designated as Accounting Hedges | Short-term coffee-related derivative assets
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	550	11
Derivative Instruments Not Designated as Accounting Hedges | Long-term coffee-related derivative assets
Derivatives, Fair Value [Line Items]
Derivative asset, fair value	0	33
Derivative Instruments Not Designated as Accounting Hedges | Short-term coffee-related derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	2,619	730
Derivative Instruments Not Designated as Accounting Hedges | Long-term coffee-related derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	$ 0	$ 1,505

Derivative Instruments - Pretax

Derivative Instruments - Pretax Effect of Derivative Instruments on Earnings and OCI (Details) - Coffee - related - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (losses) recognized in AOCI - Coffee-related	$ (6)	$ 606	$ 1	$ 151
Net gains (losses) recognized in earnings - Coffee-related	$ 181	$ (802)	$ 303	$ (630)

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Cash Flow Hedging | Cost of goods sold
Derivative [Line Items]
Net gains (losses) recognized in earnings - Coffee-related	$ 0	$ 0	$ 0	$ 0
Coffee-related Derivative Instruments
Derivative [Line Items]
Cash flow hedge gain (loss) to be reclassified within twelve months			$ 11,000

Derivative Instruments - Net Re

Derivative Instruments - Net Realized and Unrealized Gains and Losses Recorded in "Other, net" (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Other, net	$ 1,033	$ 324	$ 783	$ 3,195
Coffee
Derivative Instruments, Gain (Loss) [Line Items]
Net (losses) gains on coffee-related derivative instruments	(2,055)	(1,177)	(3,486)	202
Non-operating pension and other postretirement benefits	1,012	915	2,024	1,831
Other gains, net	2,076	586	2,245	1,162
Other, net	$ 1,033	$ 324	$ 783	$ 3,195

Derivative Instruments - Statem

Derivative Instruments - Statement of Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ 40,926	$ 37,798	$ 45,549	$ 38,112
Ending Balance	41,490	43,261	41,490	43,261
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	269	1,803	154	1,176
Ending Balance	456	395	456	395
Coffee - related | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net losses (gains) recognized in AOCI - Coffee-related	6	(606)	(1)	(151)
Net gains (losses) recognized in earnings - Coffee-related	$ 181	$ (802)	$ 303	$ (630)

Derivative Instruments - Sche_2

Derivative Instruments - Schedule of Offsetting Derivative Asset and Liability Positions (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative asset, fair value	$ 550	$ 44
Derivative asset, netting adjustment	(550)	(44)
Derivative asset, cash collateral posted	0	0
Derivative asset, net	0	0
Derivative liability, fair value	2,624	2,235
Derivative liability, netting adjustment	(550)	(44)
Derivative liability, cash collateral posted	0	0
Derivative liability, net	$ 2,074	$ 2,191

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Estimate of Fair Value Measurement - Coffee-related Derivative Instruments - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Coffee-related derivative assets	$ 550	$ 44
Coffee-related derivative liabilities	2,619	2,235
Derivative instruments designated as cash flow hedges:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Coffee-related derivative liabilities	5
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Coffee-related derivative assets	0	0
Coffee-related derivative liabilities	0	0
Level 1 | Derivative instruments designated as cash flow hedges:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Coffee-related derivative liabilities	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Coffee-related derivative assets	550	44
Coffee-related derivative liabilities	2,619	2,235
Level 2 | Derivative instruments designated as cash flow hedges:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Coffee-related derivative liabilities	5
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Coffee-related derivative assets	0	0
Coffee-related derivative liabilities	0	$ 0
Level 3 | Derivative instruments designated as cash flow hedges:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Coffee-related derivative liabilities	$ 0

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Receivables [Abstract]
Trade receivables	$ 36,021	$ 34,438
Other receivables	297	1,419
Allowance for credit losses	(710)	(710)
Accounts receivable, net	$ 35,608	$ 35,147

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Product Information
Total	$ 52,771	$ 57,230
Coffee
Product Information
Processed	17,969	22,432
Unprocessed	7,328	6,105
Total	25,297	28,537
Tea and culinary products
Product Information
Processed	24,186	25,166
Unprocessed	45	41
Total	24,231	25,207
Coffee Brewing Equipment
Product Information
Total	$ 3,243	$ 3,486

Property, Plant and Equipment -

Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Property, Plant and Equipment
Property, plant and equipment gross	$ 137,874		$ 137,874		$ 146,874
Accumulated depreciation	(107,808)		(107,808)		(113,790)
Land	918		918		918
Property, plant and equipment, net	30,984		30,984		34,002
Buildings and facilities
Property, Plant and Equipment
Property, plant and equipment gross	20,676		20,676		20,441
Machinery, vehicles and equipment
Property, Plant and Equipment
Property, plant and equipment gross	100,144		100,144		108,757
Property, plant and equipment, net	23,854		23,854		26,655
Depreciation expense in COGS	1,850	$ 1,790
CBE Costs excl. depreciation exp	7,074	$ 8,807
Machinery, vehicles and equipment | Coffee Brewing Equipment
Property, Plant and Equipment
Property, plant and equipment gross	58,928		58,928		66,596
Accumulated depreciation	(35,074)		(35,074)		(39,941)
Depreciation expense in COGS			3,738	$ 3,585
CBE Costs excl. depreciation exp			14,280	$ 18,691
Capitalized software
Property, Plant and Equipment
Property, plant and equipment gross	9,713		9,713		9,190
Office furniture and equipment
Property, Plant and Equipment
Property, plant and equipment gross	$ 7,341		$ 7,341		$ 8,486

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2024	Jun. 30, 2024
Amortized intangible assets:
Accumulated Amortization	$ (27,392)	$ (26,292)
Net	10,133	11,233
Unamortized intangible assets:
Total intangible assets	37,525	37,525
Trademarks, trade names and brand name with indefinite lives
Amortized intangible assets:
Net	4,522	4,522
Unamortized intangible assets:
Gross Carrying Amount	$ 4,522	4,522
Customer relationships
Amortized intangible assets:
Finite-lived intangible assets, weighted average useful life	2 years 6 months
Gross Carrying Amount	$ 33,003	33,003
Accumulated Amortization	(27,392)	(26,292)
Net	$ 5,611	$ 6,711

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 0.5	$ 0.6	$ 1.1	$ 1.2

Employee Benefit Plans - Net Pe

Employee Benefit Plans - Net Periodic Benefit Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Pension Plan
Components of net periodic benefit cost
Interest cost	$ 1,216	$ 1,204	$ 2,432	$ 2,408
Expected return on plan assets	(1,161)	(1,122)	(2,322)	(2,244)
Amortization of net loss (gain)	149	207	298	413
Net periodic benefit cost	204	289	$ 408	$ 577
Weighted average assumptions used to determine benefit obligations
Discount rate			5.35%	5.05%
Expected long-term return on plan assets			7%	7%
Multiemployer Plan
Weighted average assumptions used to determine benefit obligations
Contributions made by the Company to the multiemployer pension plans	321	356	$ 692	$ 672
Other Postretirement Benefit Plan
Weighted average assumptions used to determine benefit obligations
Contributions made by the Company to the multiemployer pension plans	$ 10	$ 10	$ 20	$ 18

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details)		6 Months Ended
	Jan. 01, 2024	Dec. 31, 2024 plan hour
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of defined benefit plans		2
Number of hours threshold | hour		1,000
First Threshold
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined contribution plan, employer matching contribution, percentage of match	100%
Defined contribution plan, employer matching contribution, percent of eligible income	3%
Second Threshold
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined contribution plan, employer matching contribution, percentage of match	50%
Defined contribution plan, employer matching contribution, percent of eligible income	2%
Multiemployer Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of multiemployer pension plans		1
Other Postretirement Benefit Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of multiemployer pension plans		2
Multiemployer plans, number of plans		9

Debt Obligations - Schedule of

Debt Obligations - Schedule of Debt (Details) - Revolving Credit Facility - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Line of Credit Facility
Carrying Value	$ 23,300	$ 23,300
Weighted Average Interest Rate	6.75%	7.05%

Debt Obligations - Narrative (D

Debt Obligations - Narrative (Details) - USD ($)	Apr. 26, 2021	Dec. 31, 2024	Jun. 30, 2024
Line of Credit Facility
Long-term borrowings under revolving credit facility		$ 23,300,000	$ 23,300,000
Revolving Credit Facility | Revolver Credit Facility Agreement | Line of Credit
Line of Credit Facility
Line of credit, maximum borrowing capacity	$ 75,000,000
Eligible accounts receivable	85%
Borrowing base, percentage	80%
Borrowing base, net orderly liquidation, percentage	85%
Debt covenant, availability to borrow, minimum threshold	$ 9,375,000
Fixed charge coverage ratio, minimum	1
Long-term borrowings under revolving credit facility		23,300,000
Remaining borrowing capacity		23,700,000
Revolving Credit Facility | Revolver Credit Facility Agreement | Line of Credit | Secured Overnight Financing Rate (SOFR)
Line of Credit Facility
Debt instrument, term SOFR margin	0.0175
Variable rate	1%
Revolving Credit Facility | Revolver Credit Facility Agreement | Line of Credit | Fed Funds Effective Rate Overnight Index Swap Rate
Line of Credit Facility
Variable rate	0.50%
Revolving Credit Facility | Revolver Credit Facility Agreement | Line of Credit | Base Rate
Line of Credit Facility
Variable rate	0.75%
Letter of Credit | Revolver Credit Facility Agreement | Line of Credit
Line of Credit Facility
Line of credit, maximum borrowing capacity	$ 10,000,000
Line of credit		$ 4,400,000

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2024 USD ($) anniversary $ / shares shares	Dec. 31, 2023 USD ($)	Jun. 30, 2024 USD ($)
NQOs
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Award vesting rights, percentage			33%
Number of anniversaries | anniversary			3
Number of options granted (shares) | shares			0
Number of options exercised (shares) | shares			0
Number of options cancelled/forfeited (in shares) | shares			0
Number of options exercisable (in shares) | shares	19,450		19,450
Number of options outstanding (in shares) | shares	19,450		19,450
Weighted average term			1 year 8 months 12 days
Weighted average exercise price | $ / shares	$ 17.75		$ 17.75
Aggregate intrinsic value	$ 0		$ 0
Restricted Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Weighted average grant date fair value (dollars per share) | $ / shares	$ 2.13	$ 2.42	$ 2.22
Grant date fair value of restricted stock			$ 900
Total fair value of awards			500	$ 600
Unrecognized compensation cost, restricted stock	$ 1,700		$ 1,700		$ 1,700
Weighted average remaining authorization period			1 year 3 months 18 days
Compensation expense recognized	$ 300	$ 400	$ 700	1,000
Shares granted (in shares) | shares			410,000
Performance Based Restricted Stock Units
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Weighted average grant date fair value (dollars per share) | $ / shares	$ 2.21	$ 2.42	$ 2.21
Total fair value of awards			$ 0	300
Total grant-date fair value			1,200
Unrecognized compensation cost, restricted stock	$ 1,400		$ 1,400		900
Weighted average remaining authorization period			2 years 2 months 12 days
Compensation expense recognized	$ 200	$ 22	$ 400	200
Shares granted (in shares) | shares			530,000
Cash-Settled Restricted Stock Units
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Weighted average grant date fair value (dollars per share) | $ / shares	$ 2.13	$ 2.42	$ 2.13
Total fair value of awards			$ 400	200
Total grant-date fair value			$ 1,300
Weighted average remaining authorization period			1 year 8 months 12 days
Award vesting period			3 years
Shares granted (in shares) | shares			602,000
Unrecognized compensation cost	$ 1,600		$ 1,600		$ 1,600
Compensation expense	$ 200	$ 100	$ 400	$ 200
2017 Plan
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Shares reserved for future issuance (in shares) | shares	1,081,654		1,081,654
2020 Inducement Plan
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Shares reserved for future issuance (in shares) | shares	2,919		2,919

Share-Based Compensation - Rest

Share-Based Compensation - Restricted Stock Activity (Details) - Restricted Stock - $ / shares	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024
Shares Awarded
Beginning balance (in shares)			662,661
Shares granted (in shares)			410,000
Shares awarded, vested/released (in shares)			(138,559)
Shares awarded, cancelled/forfeited (in shares)			(37,291)
Ending balance (in shares)	896,811		896,811
Weighted Average Grant Date Fair Value ($)
Weighted average grant date fair value, beginning balance (in dollars per share)			$ 3.72
Weighted average grant date fair value, granted (in dollars per share)	$ 2.13	$ 2.42	2.22
Weighted average grant date fair value, vested/released, (in dollars per share)			3.77
Weighted average grant date fair value, cancelled/forfeited (in dollars per share)			3.20
Weighted average grant date fair value, ending balance (in dollars per share)	$ 3.05		$ 3.05

Share-Based Compensation - Perf

Share-Based Compensation - Performance-Based RSUs (Details) - Performance Based Restricted Stock Units - $ / shares	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Jun. 30, 2024
Shares Awarded
Beginning balance (in shares)			394,576
Shares granted (in shares)			530,000
Shares awarded, vested/released (in shares)			0
Shares awarded, cancelled/forfeited (in shares)			(45,000)
Ending balance (in shares)	879,576		879,576
Weighted Average Grant Date Fair Value ($)
Weighted average grant date fair value (in dollars per share)	$ 2.53		$ 2.53	$ 2.95
Weighted average grant date fair value (dollars per share)	$ 2.21	$ 2.42	2.21
Weighted average grant date fair value, vested/released, (in dollars per share)			0
Weighted average grant date fair value, cancelled/forfeited (in dollars per share)			$ 2.42

Share-Based Compensation - Cash

Share-Based Compensation - Cash Settled Restricted Stock (Details) - Cash-Settled Restricted Stock Units - $ / shares	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024
Shares Awarded
Beginning balance (in shares)			619,327
Shares granted (in shares)			602,000
Shares awarded, vested/released (in shares)			(211,673)
Shares awarded, cancelled/forfeited (in shares)			(35,291)
Ending balance (in shares)	974,363		974,363
Weighted Average Grant Date Fair Value ($)
Weighted average grant date fair value, beginning balance (in dollars per share)			$ 2.94
Weighted average grant date fair value (dollars per share)	$ 2.13	$ 2.42	2.13
Weighted average grant date fair value, vested/released, (in dollars per share)			3.27
Weighted average grant date fair value, cancelled/forfeited (in dollars per share)			3.24
Weighted average grant date fair value, ending balance (in dollars per share)	$ 2.36		$ 2.36

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Payables and Accruals [Abstract]
Accrued workers’ compensation liabilities	$ 886	$ 481
Finance lease liabilities	161	193
Other	2,602	2,323
Other current liabilities	$ 3,649	$ 2,997

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Other Liabilities Disclosure [Abstract]
Derivative liabilities non-current	$ 0	$ 1,505
Deferred compensation	199	505
Finance lease liabilities	27	101
Other long-term liabilities	$ 226	$ 2,111

Income Taxes - Income Taxes (De

Income Taxes - Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ (81)	$ 164	$ 52	$ 32
Effective tax rate	(62.80%)	5.70%	(1.10%)	2.20%

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ (81)	$ 164	$ 52	$ 32

Net (Loss) Income Per Common _3

Net (Loss) Income Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Earnings Per Share [Abstract]
Net income (loss) from operations available to common stockholders	$ 210	$ 2,704	$ (4,792)	$ 1,397
Weighted average common shares outstanding, basic (in shares)	21,314,911	20,728,699	21,289,073	20,565,492
Effect of dilutive securities:
Shares issuable under RSUs and PBSRUs (in shares)	1,042,788	188,863	0	174,811
Weighted average common shares outstanding, diluted (in shares)	22,357,699	20,917,562	21,289,073	20,740,303
Net income (loss) per common share available to common stockholders, basic (in dollars per share)	$ 0.01	$ 0.13	$ (0.23)	$ 0.07
Net income (loss) per common share available to common stockholders, diluted (in dollars per share)	$ 0.01	$ 0.13	$ (0.23)	$ 0.07

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Net Sales	$ 90,021	$ 89,453	$ 175,086	$ 171,340
Revenue Benchmark | Product Concentration Risk
Disaggregation of Revenue [Line Items]
% of total	100%	100%	100%	100%
Coffee (Roasted)
Disaggregation of Revenue [Line Items]
Net Sales	$ 42,354	$ 42,005	$ 81,586	$ 79,896
Coffee (Roasted) | Revenue Benchmark | Product Concentration Risk
Disaggregation of Revenue [Line Items]
% of total	47%	47%	46.60%	46.60%
Tea & Other Beverages
Disaggregation of Revenue [Line Items]
Net Sales	$ 25,302	$ 24,190	$ 49,072	$ 44,424
Tea & Other Beverages | Revenue Benchmark | Product Concentration Risk
Disaggregation of Revenue [Line Items]
% of total	28.10%	27%	28%	25.90%
Culinary
Disaggregation of Revenue [Line Items]
Net Sales	$ 15,992	$ 16,592	$ 31,546	$ 33,503
Culinary | Revenue Benchmark | Product Concentration Risk
Disaggregation of Revenue [Line Items]
% of total	17.80%	18.50%	18%	19.60%
Spices
Disaggregation of Revenue [Line Items]
Net Sales	$ 5,154	$ 5,378	$ 10,443	$ 10,990
Spices | Revenue Benchmark | Product Concentration Risk
Disaggregation of Revenue [Line Items]
% of total	5.70%	6%	6%	6.40%
Delivery Surcharge
Disaggregation of Revenue [Line Items]
Net Sales	$ 1,219	$ 1,288	$ 2,439	$ 2,527
Delivery Surcharge | Revenue Benchmark | Product Concentration Risk
Disaggregation of Revenue [Line Items]
% of total	1.40%	1.50%	1.40%	1.50%

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	3 Months Ended
	Dec. 31, 2024 USD ($)
Contractual Obligations
Litigation settlement, reimbursement	$ 1.9
Coffee | Inventories
Contractual Obligations
Purchase obligation	29.3
Other Inventory | Inventories
Contractual Obligations
Purchase obligation	$ 10.5