| Summary of the fair value of financial instruments |
| | | | | | | | | | | | | | | March 31, 2025 | (Thousands) | | Level 1 | | Level 2 | | Level 3 | | Total | Assets: | | | | | | | | | | | | | Green coffee associated with forward contracts | | $ | — | | $ | 47,251 | | $ | — | | $ | 47,251 | Coffee futures contracts | | | 6,070 | | | — | | | — | | | 6,070 | Options contracts(1) | | | (1,092) | | | — | | | — | | | (1,092) | Forward purchase and sales contracts | | | — | | | 21,595 | | | — | | | 21,595 | Total | | $ | 4,978 | | $ | 68,846 | | $ | — | | $ | 73,824 | | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | | | Forward purchase and sales contracts | | | — | | | 12,395 | | | — | | | 12,395 | Total | | $ | — | | $ | 12,395 | | $ | — | | $ | 12,395 |
1 - Option contracts include counterparty netting. | | | | | | | | | | | | | | | December 31, 2024 | (Thousands) | | Level 1 | | Level 2 | | Level 3 | | Total | Assets: | | | | | | | | | | | | | Green coffee associated with forward contracts | | $ | — | | $ | 47,644 | | $ | — | | $ | 47,644 | Coffee futures contracts | | | 3,815 | | | — | | | — | | | 3,815 | Options contracts | | | 228 | | | — | | | — | | | 228 | Forward purchase and sales contracts | | | — | | | 15,703 | | | — | | | 15,703 | Total | | $ | 4,043 | | $ | 63,347 | | $ | — | | $ | 67,390 | | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | | | Forward purchase and sales contracts | | | — | | | 11,966 | | | — | | | 11,966 | Total | | $ | — | | $ | 11,966 | | $ | — | | $ | 11,966 |
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