SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

12 Months Ended

Oct. 30, 2016

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

HORMEL FOODS CORPORATION

(In Thousands)

Additions/(Benefits)

Balance at

Charged to

Balance at

Beginning

Costs and

Other Accounts-

Deductions-

End of

Classification

of Period

Expenses

Describe

Period

Valuation reserve
deduction
from assets account:

Fiscal year ended

October 30, 2016

Allowance for

doubtful accounts

$ 652 (2)

receivable

$ 4,086

$ 611

$ -

- (3)

$ 4,045

Fiscal year ended

October 25, 2015

Allowance for

doubtful accounts

$ 52 (2)

receivable

$ 4,050

$ (24)

$ 36 (1)

(77) (3)

$ 4,086

Fiscal year ended

October 26, 2014

Allowance for

doubtful accounts

$ 4,152 (2)

receivable

$ 4,000

$ 4,076

$ 50 (4)

(76) (3)

$ 4,050

Note (1) – Increase in the reserve due to the inclusion of Applegate Farms accounts receivable.

Note (2) – Uncollectible accounts written off.

Note (3) – Recoveries on accounts previously written off.

Note (4) – Increase in the reserve due to the inclusion of CytoSport accounts receivable.