XML 17 R10.htm IDEA: XBRL DOCUMENT v3.20.1
Asset Impairment and Other Charges, Net
 3 Months Ended
Mar. 27, 2020
Asset Impairment and Other Charges, Net [Abstract]  
Asset Impairment and Other Charges, Net Asset Impairment and Other (Credits) Charges, Net

The following represents a summary of asset impairment and other (credits) charges, net recorded during the quarters ended March 27, 2020 and March 29, 2019 (U.S. dollars in millions):
 
Quarter ended
 
Quarter ended
 
March 27, 2020
 
March 29, 2019
 
Long-lived
and other
asset
impairment
 
 Exit activity and other (credits)
charges
 
Total
 
Long-lived
and other
asset
impairment
 
 Exit activity and other
charges
 
Total
Banana segment:
 
 
 
 
 
 
 
 
 
 
 
California Air Resource Board
   reserve(1)
$
—

 
$
1.3

 
$
1.3

 
$
—

 
$
—

 
$
—

Philippine exit activities of certain low-yield areas
—

 
—

 
—

 
—

 
0.2

 
0.2

Fresh and value-added products segment:
 

 
 
 
 

 
 
 
 
 
 

Impairment of leasehold improvements(2)
0.9

 
—

 
0.9

 
—

 
—

 
—

Insurance recovery related to product recall(3)
—

 
(4.0
)
 
(4.0
)
 
—

 
—

 
—

Impairment of equity investment(4)
—

 
—

 
—

 
2.8

 
—

 
2.8

Total asset impairment and
other (credits) charges, net
$
0.9

 
$
(2.7
)
 
$
(1.8
)
 
$
2.8

 
$
0.2

 
$
3.0

 
 
 
 
 
 
 
 
 
 
 
 


(1) $1.3 million reserve relating to a potential liability arising from our third-party logistics operation. Refer to Note 9.  "Commitments and Contingencies" for further information regarding this matter.
(2) $0.9 million asset impairment charge related to impairment of leasehold improvements due to the relocation of a facility.
(3) $(4.0) million insurance recovery related to a voluntary recall of vegetable products in North America which was announced in the fourth quarter of 2019.
(4) $2.8 million impairment of equity investment related to our 10% equity ownership interest in Three Limes, Inc., d/b/a The Purple Carrot. This investment was sold in the second quarter of 2019.