v3.25.2
RECEIVABLES AND ALLOWANCES FOR CREDIT LOSSES (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Accounts Receivable, Allowance for Credit Loss
A rollforward of the allowance for credit losses for trade receivables was as follows:
Amount
(U.S. Dollars in thousands)
Balance as of December 31, 2024
$(19,493)
Additional provisions in the period
(4,430)
Recoveries of amounts previously reserved
3,041 
Balance sheet write-offs872 
Balance sheet reclassifications12 
Foreign exchange impact
(1,315)
Balance as of June 30, 2025
$(21,313)
Schedule of Accounts, Notes, Loans and Financing Receivable
The following table summarizes growers advances as of June 30, 2025 and December 31, 2024 based on whether the advances are secured or unsecured:
June 30, 2025December 31, 2024
Short-Term
Long-Term
Short-Term
Long-Term
(U.S. Dollars in thousands)
Secured gross advances to growers and suppliers
$87,400 $23,513 $54,864 $22,762 
Allowance for secured advances to growers and suppliers
(12,441)(2,063)(13,217)(3,282)
Unsecured gross advances to growers and suppliers54,547 10,580 79,396 5,792 
Allowance for unsecured advances to growers and suppliers(21,563)(4,566)(16,087)(4,463)
Net advances to growers and suppliers
$107,943 $27,463 $104,956 $20,809 
Financing Receivable, Allowance for Credit Loss
A rollforward of the allowance for expected credit losses related to grower loans and advances was as follows:
Amount
(U.S. Dollars in thousands)
Balance as of December 31, 2024
$(37,049)
Additional provisions in the period
(3,675)
Recoveries of amounts previously reserved586 
Balance sheet write-offs71 
Balance sheet reclassifications(606)
Foreign exchange impact
40 
Balance as of June 30, 2025
$(40,633)