v3.26.1
Derivatives (Tables)
6 Months Ended
Jun. 30, 2026
Derivatives  
Schedule of fair value of derivative assets and liabilities

(Thousands)

  ​ ​ ​

Balance Sheet Location

  ​ ​ ​

June 30, 2026

  ​ ​ ​

December 31, 2025

Derivative assets designated as cash flow hedging instruments:

Coffee futures contracts(1)

Derivative assets

$

49

$

Commodity swaps

Derivative assets

1,617

Options contracts(2)

Derivative assets

1,304

Total

$

2,970

$

Derivative assets not designated as cash flow hedging instruments:

Forward purchase and sales contracts

Derivative assets

$

21,476

$

15,049

Total

21,476

15,049

Total derivative assets

$

24,446

$

15,049

Derivative liabilities designated as cash flow hedging instruments:

Coffee futures contracts(1)

Derivative liabilities

$

$

110

Commodity swaps

Derivative liabilities

8,235

Options contracts(2)

Derivative liabilities

17,906

Total

$

$

26,251

Derivative liabilities not designated as cash flow hedging instruments:

Forward purchase and sales contracts

Derivative liabilities

$

7,440

$

2,349

Total derivative liabilities

$

7,440

$

28,600

1 – The fair value of coffee futures contracts excludes amounts related to margin accounts.

2 – Options contracts include counterparty netting.

Schedule of pre-tax net gains and losses for derivative instruments

Three Months Ended June 30, 

Six Months Ended June 30, 

(Thousands)

  ​ ​ ​

Statement of Operations Location

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Derivative assets designated as cash flow hedging instruments:

Net realized gains (losses) on coffee derivatives

Costs of sales

$

9,510

$

12,121

$

33,409

$

22,283

Derivative assets and liabilities not designated as cash flow hedging instruments:

Net unrealized gains (losses) on forward sales and purchase contracts

Costs of sales

$

(3,533)

$

10,596

$

2,253

$

14,190