Note 21 - Quarterly Results of Operations (unaudited)

12 Months Ended

Nov. 24, 2012

Quarterly Financial Information [Text Block]

21. Quarterly Results of Operations (unaudited)

	2012
	First Quarter  (1)			Second Quarter (2)		Third Quarter (3)		Fourth  Quarter (4)
Net sales	$	60,968		$	67,454	$	64,438	$	76,812
Gross profit		31,671			35,661		33,818		40,172
Net income (loss)		(596	)		8,042		2,371		16,896
Basic earnings (loss) per share		(0.05	)		0.72		0.22		1.57
Diluted earnings (loss) per share		(0.05	)		0.71		0.21		1.55

	2011
	First Quarter  (5)			Second  Quarter (6)		Third Quarter (7)		Fourth  Quarter (8)
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

All quarters presented above for 2012 and 2011 consist of 13 week fiscal periods.

(1)	Includes restructuring and asset impairment charges of $236 and lease exit costs of $228 – see Note 16 for further details. Also includes $806 charge for other than temporary impairment to our investment in Fortress – see Note 8 for further details.
(2)	Includes $9,010 of income from the final CDSOA distribution – see Note 9 for further details. Also includes restructuring and asset impairment charges of $475 and lease exit costs of $131 – see Note 16 for further details. Also includes $1,592 of tax benefit from partial release of deferred tax asset valuation reserves – see Note 12 for further information.
(3)	Includes $1,205 of tax benefit from partial release of deferred tax asset valuation reserves – see Note 12 for further information.
(4)	Includes $15,907 of tax benefit from release of deferred tax asset valuation reserves – see Note 12 for further information.
(5)	Includes restructuring and asset impairment charges of $879 and lease exit costs of $884 – see Note 16 for further details.
(6)	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.
(7)	Includes restructuring and asset impairment charges of $123 – see Note 16 for further details.
(8)	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.