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Note 20 - Quarterly Results of Operations (Unaudited)
12 Months Ended
Nov. 29, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

20. Quarterly Results of Operations (unaudited)


   

2014

 
   

First

Quarter (1)(2)

   

Second

Quarter

   

Third

Quarter

   

Fourth

Quarter

 
                                 

Net sales

  $ 75,647     $ 85,185     $ 85,186     $ 94,720  

Gross profit

    40,253       45,313       45,018       51,837  

Net income

    843       2,551       2,256       3,649  

Basic earnings per share

    0.08       0.24       0.22       0.35  

Diluted earnings per share

    0.08       0.24       0.21       0.35  

   

2013

 
   

First

Quarter (1)

   

Second

Quarter

   

Third

Quarter (3)

   

Fourth

Quarter (4)

 
                                 

Net sales

  $ 79,849     $ 81,223     $ 77,152     $ 83,062  

Gross profit

    41,360       41,826       38,723       44,085  

Net income (loss)

    980       1,953       556       1,607  

Basic earnings (loss) per share

    0.09       0.18       0.05       0.15  

Diluted earnings (loss) per share

    0.09       0.18       0.05       0.15  


The first quarter of fiscal 2013 includes 14 weeks. All other quarters presented above for fiscal 2013 and 2012 consist of 13 week fiscal periods.


 

(1)

The first quarter of fiscal 2014 included 13 weeks as compared with 14 weeks for the first quarter of 2013. On an average weekly basis, net sales for the first quarter of fiscal 2014 were $5,819 per week as compared with $5,704 per week for the first quarter of fiscal 2013.


 

(2)

Includes $662 of income from death benefits from life insurance policies covering a former executive and a $140 gain from the partial liquidation of our investment in Fortress (see Note 7)


 

(3)

Includes $221 of tax benefit from the expiration of the statute of limitations on certain previously unrecognized tax benefits – see Note 11 for further information.


 

(4)

Includes $416 charge for impairment related to our investment property located in Henderson, Nevada. See Note 15 for further details