15. Subsequent Events
Subsequent to the Company’s fiscal third quarter 2012, Hurricane Sandy struck the east coast of the United States
damaging a portion of the Company’s green coffee inventory held in a New Jersey warehouse. The Company is currently assessing the extent of the damage, including the reclamation and usability potential as well as avenues for recovery. The
preliminary estimated book value of the damaged inventory is less than $5 million. Retail coffeehouse operations were not materially impacted by the storm.