Note 5 - Accounts Receivable

3 Months Ended

Feb. 27, 2016

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

5. Accounts Receivable

Accounts receivable consists of the following:

	February 27, 2016			November 28, 2015
Gross accounts receivable	$	20,863		$	22,372
Allowance for doubtful accounts		(1,122	)		(1,175	)
Accounts receivable, net	$	19,741		$	21,197

At February 27, 2015 and November 28, 2015 approximately 35% and 34%, respectively, of gross accounts receivable, and approximately 33% and 32%, respectively, of the allowance for doubtful accounts were attributable to amounts owed to us by our licensees. Our remaining receivables are primarily due from national account customers, traditional distribution channel customers and logistical services customers.

Activity in the allowance for doubtful accounts for the three months ended February 27, 2016 was as follows:

	2016

Balance at November 28, 2015	$	1,175
Reductions credited to income		(50	)
Write-offs and other reductions		(3	)
Balance at February 27, 2016	$	1,122

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 4.