Note 21 - Quarterly Results of Operations (unaudited)

12 Months Ended

Nov. 26, 2011

Quarterly Financial Information [Text Block]

21. Quarterly Results of Operations (unaudited)

	2011
	First Quarter			Second Quarter		Third Quarter		Fourth Quarter
		(1)			(2)		(3)		(4)
Net sales	$	64,264		$	66,261	$	59,417	$	63,266
Gross profit		31,848			33,197		29,251		33,270
Net income (loss)		(8,255	)		62,546		417		633
Basic earnings (loss) per share		(0.72	)		5.43		0.04		0.06
Diluted earnings (loss) per share		(0.72	)		5.39		0.04		0.06

	2010
	First Quarter			Second Quarter		Third Quarter			Fourth Quarter
										(5)
Net sales	$	52,891		$	57,845	$	58,527		$	65,991
Gross profit		25,743			28,437		26,613			31,895
Net income (loss)		(1,692	)		117		(2,368	)		1,941
Basic earnings (loss) per share		(0.15	)		0.01		(0.21	)		0.17
Diluted earnings (loss) per share		(0.15	)		0.01		(0.21	)		0.17

All quarters presented above for 2011 and 2010 consist of 13 week fiscal periods.

(1) Includes restructuring and asset impairment charges of $879 and lease exit costs of $884 – see Note 16 for further details.

(2) Includes $85,542 gain on sale of affiliate – see Note 11 for further details regarding the sale of our investment in IHFC. Also includes licensee debt cancellation charges of $6,447, restructuring and asset impairment charges of $1,080, and lease exit costs of $2,844 – see Note 16 for further details.

(3) Includes restructuring and asset impairment charges of $123 – see Note 16 for further details.

(4) Includes $765 of income associated with the Continued Dumping & Subsidy Offset Act.  See Note 9 for further details. Also includes $418 of asset impairment and restructuring charges – see Note 16 for further details.

(5) Includes $488 of income associated with the Continued Dumping & Subsidy Offset Act.  See Note 9 for further details.