RECEIVABLES AND ALLOWANCES FOR CREDIT LOSSES (Tables)

3 Months Ended

Mar. 31, 2026

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, 2025	$	(20,558)
Additional provisions in the period	(3,535)
Recoveries of amounts previously reserved	2,496
Balance sheet write-offs	1,216
Balance sheet reclassifications	(940)
Foreign exchange impact	293
Balance as of March 31, 2026	$	(21,028)

The following table summarizes growers advances as of March 31, 2026 and December 31, 2025 based on whether the advances are secured or unsecured:


	March 31, 2026				December 31, 2025
	Short-Term		Long-Term		Short-Term		Long-Term

	(U.S. Dollars in thousands)
Secured gross advances to growers and suppliers	$	116,827	$	23,482	$	98,473	$	18,501
Allowance for secured advances to growers and suppliers	(17,730)		(3,970)		(17,413)		(3,668)
Unsecured gross advances to growers and suppliers	42,845		8,119		82,868		6,107
Allowance for unsecured advances to growers and suppliers	(18,985)		(4,674)		(20,502)		(4,679)
Net advances to growers and suppliers	$	122,957	$	22,957	$	143,426	$	16,261

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, 2025	$	(46,263)
Additional provisions in the period	(299)
Recoveries of amounts previously reserved	1,203


Foreign exchange impact	2
Balance as of March 31, 2026	$	(45,357)