v3.26.3
Derivatives (Tables)
9 Months Ended
Sep. 30, 2026
Derivatives  
Schedule of fair value of derivative assets and liabilities

​

​

​

​

​

​

​

​

​

​

(Thousands)

  ​ ​ ​

Balance Sheet Location

  ​ ​ ​

September 30, 2026

  ​ ​ ​

December 31, 2025

Derivative assets designated as cash flow hedging instruments:

​

​

​

​

​

​

​

​

Coffee futures contracts(1)

​

Derivative assets

​

$

133

​

$

—

Commodity swaps

​

Derivative assets

​

​

2,305

​

​

—

Options contracts(2)

​

Derivative assets

​

​

677

​

​

—

Total

​

​

​

$

3,115

​

$

—

​

​

​

​

​

​

​

​

​

Derivative assets not designated as cash flow hedging instruments:

​

​

​

​

​

​

​

​

Forward purchase and sales contracts

​

Derivative assets

​

$

19,416

​

$

15,049

Total

​

​

​

​

19,416

​

​

15,049

Total derivative assets

​

​

​

$

22,531

​

$

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

​

$

4,221

​

$

2,349

Total derivative liabilities

​

​

​

$

4,221

​

$

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 September 30, 

​

Nine Months Ended September 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

​

$

(3,946)

​

$

3,705

​

$

29,463

​

$

25,988

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

​

Costs of sales

​

$

1,202

​

$

(9,850)

​

$

3,455

​

$

4,339

​