SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

12 Months Ended

Oct. 29, 2017

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

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	Charged to		Balance at
	Beginning	Costs and	Other Accounts-	Deductions-	End of
Classification	of Period	Expenses	Describe	Describe	Period
Valuation reserve deduction from assets account:
Fiscal year ended
October 29, 2017
Allowance for
doubtful accounts				$       677  (2)
receivable	$  4,045	$    561	$    261 (1)	(56) (3)	$  4,246
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  (4)	(77) (3)	$  4,086

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