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Green Mountain Coffee Roasters (GMCR)
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GMCR » Topics » Service Vehicle Installment Loans

These excerpts taken from the GMCR 10-K filed Dec 11, 2008.

Service Vehicle Installment Loans

These loans are for the purchase of service vehicles. These notes matured in February 2008.

Service Vehicle Installment Loans

STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%">These loans are for the purchase of service vehicles. These notes matured in February 2008.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:4%">Office Equipment Capital Leases

The
Company leases copiers and fax machines. These leases require monthly installments of principal and interest totaling approximately $5,000. Maturities vary from May 2009 to September 2010.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:4%">Maturities

Maturities of long-term
debt for years subsequent to September 27, 2008 are as follows:

 





















































Fiscal Year

   

2009

  $ 33,000

2010

   17,000

2011

   —  

2012

   —  

2013

   123,500,000
    
  $123,550,000
    

 





12.Coffee price hedging

The Company regularly enters
into coffee futures contracts to hedge forecasted purchases of green coffee and therefore designates these contracts as cash flow hedges. At September 27, 2008, the Company held outstanding futures contracts covering 1,162,500 pounds of coffee
with a fair market value of ($39,000). At September 27, 2008, deferred losses on futures contracts designated as cash flow hedges amounted to $70,000 ($43,000, net of taxes). These futures contracts are hedging coffee purchases forecasted to
take place in the next six months and the related losses will be reflected in cost of sales in the first three fiscal quarters of 2009, when the related finished goods inventory is sold. The deferred losses are classified as accumulated other
comprehensive losses. At September 29, 2007, the Company held no coffee futures and carried no deferred gains or losses from coffee futures transactions on its balance sheet.

STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%">The total losses on coffee futures contracts that were included in cost of sales in fiscal 2008 and fiscal 2007 amounted to $9,000 ($6,000 net of tax)
and $45,000 ($26,000 net of tax), respectively. The total gains on futures contracts designated as cash flow hedges that were included in cost of sales in fiscal 2006 amounted

 


F-26






Table of Contents



GREEN MOUNTAIN COFFEE ROASTERS, INC.

ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 



to $54,000 ($31,000 net of tax). The fair market value for the futures is calculated at the end of each fiscal year, in consideration of information provided
by a major financial institution, based on the market prices of identical (or similar) instruments that are regularly traded in readily observable markets.

 





13.Employee Compensation Plans
This excerpt taken from the GMCR 10-K filed Dec 13, 2007.

Service Vehicle Installment Loans

These loans are for the purchase of service vehicles. At September 29, 2007, the notes mature in February 2008 and require monthly installments totaling approximately $3,000.

This excerpt taken from the GMCR 10-K filed Dec 14, 2006.

Service Vehicle Installment Loans

The service vehicle installment loans represent several loans to financing institutions for the purchase of service vehicles. At September 30, 2006, the notes bear interest at a rate of 0.0% and require monthly installments totaling approximately $6,000. Maturities vary from May 2007 to February 2008.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Dec 11, 2008
10-K
Dec 13, 2007
10-K
Dec 14, 2006

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