Note 4 - Accounts Receivable

9 Months Ended

Aug. 27, 2011

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

4. Accounts Receivable

Accounts receivable consists of the following:

	August 27, 2011			November 27, 2010
Gross accounts receivable	$	23,557		$	38,987
Allowance for doubtful accounts		(7,053	)		(7,366	)
Net accounts receivable	$	16,504		$	31,621

Activity in the allowance for doubtful accounts was as follows:

Balance at November 27, 2010	$	7,366
Additions charged to expense		8,479
Write-offs and other deductions		(8,792	)
Balance at August 27, 2011	$	7,053

Additions to the reserve charged to expense include $69 and $1,846 of bad debt charges recognized in the settlement of receivables owed by licensees acquired during the three and nine months ended August 27, 2011, respectively (see Note 10).  Also, $1,227 and $3,847 of the write-offs and other deductions during the three and nine months ended August 27, 2011, respectively,  related to the acquired licensees.

We believe that the carrying value of our net accounts receivable approximates fair value. The inputs into these fair value estimates reflect our market assumptions and are not observable.  Consequently, the inputs are considered to be Level 3 as specified in the fair value hierarchy in ASC Topic 820, Fair Value Measurements and Disclosures.  See Note 14.