Note 4 - Accounts Receivable

9 Months Ended

Aug. 25, 2012

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

4. Accounts Receivable

Accounts receivable consists of the following:

	August 25, 2012			November 26, 2011
Gross accounts receivable	$	16,711		$	16,848
Allowance for doubtful accounts		(2,243	)		(2,092	)
Accounts receivable, net	$	14,468		$	14,756

At August 25, 2012 and November 26, 2011, approximately 69% and 67%, respectively, of gross accounts receivable, and approximately 88% and 79%, respectively, of the allowance for doubtful accounts were attributable to amounts owed to us by our licensees. Our remaining receivables are due from national account customers and traditional distribution channel customers.

Activity in the allowance for doubtful accounts was as follows:

	2012
Balance at November 26, 2011	$	2,092
Additions charged to expense		417
Write-offs and other deductions		(266	)
Balance at August 25, 2012	$	2,243

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.