Note 15 - Restructuring, Asset Impairment, and Other Charges

12 Months Ended

Nov. 29, 2014

Disclosure Text Block Supplement [Abstract]

Restructuring, Impairment, and Other Activities Disclosure [Text Block]

15. Restructuring, asset impairment, and other charges

During 2012, our income from operations included the following charges:

Restructuring and asset impairment charges:
Asset impairment charges related to Company-owned retail store closures	$	123
Asset impairment charges & demolition costs associated with closed plants		588
Total restructuring and asset impairment charges	$	711
Lease exit costs
Lease exit costs related to Company-owned retail store closures	$	228
Changes in estimates related to previously closed Company-owned retail stores		131
Total lease exit costs	$	359
Total charges related to restructuring, asset impairment, lease exit costs and debt cancellation included in loss from operations	$	1,070

Of the total restructuring, asset impairment charges and lease exit costs incurred in 2012, $719 was incurred in our wholesale segment while $351 was incurred in our retail segment.

The following table summarizes the activity related to our accrued lease exit costs:

	2014			2013
Balance, beginning of the year	$	907		$	2,614
Provisions made to adjust previous estimates		14			(176	)
Payments on unexpired leases		(510	)		(1,610	)
Accretion of interest on obligations		22			79
Balance, end of the year	$	433		$	907
Current portion included in other accrued liabilities	$	117		$	474
Long-term portion included in other long-term liabilities		316			433
	$	433		$	907

Restructuring and Asset Impairment Charges

During fiscal 2012, we incurred costs of $203 associated with the demolition of a previously closed manufacturing facility in Bassett, Virginia; non-cash charges of $385 associated with the write-down of a previously closed manufacturing facility in Mt. Airy, North Carolina; and $123 associated with the write off of abandoned leasehold improvements following the relocation of a retail store near Richmond, Virginia. 

Lease Exit Costs

During fiscal 2012, we incurred non-cash charges of $228 for lease exit costs associated with the relocation of a retail store near Richmond, Virginia, as well as $131 of non-cash charges to reflect reduced estimates of recoverable lease costs at several previously closed retail locations.