Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 27, 2020

Receivables [Abstract]

Rllforward of Trade Receivable Allowance for Credit Losses

The table below presents a rollforward of our trade receivable allowance for credit losses for the quarter ended March 27, 2020.

	Quarter ended
Trade Receivables	March 27, 2020
Allowance for credit losses:
Balance, beginning of period(1)	$	8.9
Provision for uncollectible amounts(2)	0.8
Deductions to allowance related to write-offs	—
Recoveries of amounts previously written off	—
Balance, end of period	$	9.7

⁽¹⁾ Beginning balance includes $1.0 million increase reflecting the impact of our adoption of ASC 326 on the first day of fiscal 2020. See Note 2. "Recently Issued Accounting Pronouncements" for additional information.

⁽²⁾ Provision for the quarter ended March 27, 2020 includes $0.2 million of estimated trade receivable credit losses relating to our foodservice customer base as a direct result of the COVID-19 pandemic. Given the recent developments surrounding the pandemic, including the government imposed mandatory closures and social distancing initiatives, we revised our receivable pools to separately identify our foodservice customers and judgmentally adjusted our historical loss rates to account for the current circumstances which are negatively impacting their financial condition. While the provision included in our operating results reflects our best estimate as of March 27, 2020, there are significant uncertainties about what the effects of the COVID-19 pandemic will ultimately be.

Financing receivables including the related allowance for doubtful accounts

The following table details the advances to growers and suppliers based on their credit risk profile (U.S. dollars in millions):

	March 27, 2020				December 27, 2019
	Current Status		Past-Due		Current Status		Past-Due
Gross advances to growers and suppliers	$	35.8	$	5.6	$	33.8	$	8.3

Allowance for doubtful accounts and related financing receivables

The allowance for advances to growers and suppliers and the related financing receivables for the quarters ended March 27, 2020 and March 29, 2019 were as follows (U.S. dollars in millions):

	Quarter ended
	March 27, 2020			March 29, 2019
Allowance for advances to growers and suppliers:
Balance, beginning of period(1)	$	2.3		$	2.8
Provision for uncollectible amounts	(0.1		)	—
Deductions to allowance related to write-offs	(0.1		)	—
Balance, end of period	$	2.1		$	2.8

⁽¹⁾ Beginning balance includes $0.2 million increase reflecting the impact of our adoption of ASC 326 on the first day of fiscal 2020. See Note 2. "Recently Issued Accounting Pronouncements" for additional information.