Inventories are valued at the lower of cost or net realizable value. Costs related to fresh produce are determined on the first-in, first-out basis. Specific identification and average cost methods are also used, primarily for certain packing materials and operating supplies. In the normal course of business, the Company incurs certain crop growing costs such as land preparation, planting, fertilization, grafting, pruning and irrigation. Based on the nature of these costs and type of crop production, these costs may be capitalized into inventory. Generally, all recurring direct and indirect costs of growing crops for fresh produce other than bananas and pineapples are capitalized into inventory. These costs are recognized into cost of sales during each harvest period.


	March 31, 2026		December 31, 2025

	(U.S. Dollars in thousands)
Finished products	$	319,582	$	346,131
Raw materials, work in progress, and packaging materials	127,609		92,208
Crop growing costs	18,029		42,105
Agricultural and other operating supplies	25,605		28,816
Inventories, net of allowances	$	490,825	$	509,260