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Note 21 - Quarterly Results of Operations
 12 Months Ended
Nov. 25, 2017
Notes to Financial Statements  
Quarterly Financial Information [Text Block]
2
1.
Quarterly Results of Operations
 
   
2017
  
   
First
Quarter
    
Second
Quarter (1)
    
Third
Quarter (2)
    
Fourth
Quarter (3)
  
                                 
Sales revenue:
                                
Furniture and accessories
   $
93,698
     $
100,294
     $
100,152
     $
103,953
  
Logistics
    
12,194
      
13,831
      
14,109
      
14,272
  
Total sales revenue
    
105,892
      
114,125
      
114,261
      
118,225
  
Cost of furniture and accessories sold
    
41,898
      
44,981
      
45,320
      
45,380
  
Income from operations
    
4,664
      
7,600
      
7,260
      
7,494
  
Net income
    
2,861
      
5,842
      
4,579
      
4,974
  
Basic earnings per share
    
0.27
      
0.55
      
0.43
      
0.46
  
Diluted earnings per share
    
0.27
      
0.54
      
0.43
      
0.46
  
 
   
2016
  
   
First
Quarter
    
Second
Quarter
    
Third
Quarter (4)
    
Fourth
Quarter (5)
  
                                 
Sales revenue:
                                
Furniture and accessories
   $
92,402
     $
92,990
     $
91,465
     $
100,339
  
Logistics
    
14,471
      
13,677
      
13,247
      
13,447
  
Total sales revenue
    
106,873
      
106,667
      
104,712
      
113,786
  
Cost of furniture and accessories sold
    
41,986
      
42,419
      
40,091
      
43,023
  
Income from operations
    
5,791
      
5,853
      
7,540
      
9,009
  
Net income
    
3,234
      
3,385
      
4,165
      
5,045
  
Basic earnings per share
    
0.30
      
0.31
      
0.39
      
0.47
  
Diluted earnings per share
    
0.30
      
0.31
      
0.38
      
0.47
  
 
 
All quarters shown above for fiscal
201
7
and
2016
consist of
13
week fiscal periods.
 
 
(
1
)
Net income includes a gain of
$2,026
from the sale of an investment, net of related income tax effects of approximately
$1,241
(see Note
9
)
, and a loss of
$672,
net of related income tax effects of approximately
$412,
resulting from the impairment of retail real estate (see Note
2
).
 
(
2
)
Income from operations included a gain of
$1,220
from the sale of our Las Vegas, Nevada retail store (see Note
15
).
 
(
3
)
Net income includes a gain of
$591
from the disposition of our interest in IMC, net of related income tax effects of approximately
$363
(see Note
9
), and income of
$58
from the CDSOA, net of related income tax effects of approximately
$36
(see Note
16
).
 
(
4
)
Income from operations includes the benefit of a
$1,428
award received from the settlement of class action litigation (see Note
15
).
 
(
5
)
Net income includes income of
$148
from the CDSOA, net of related income tax effects of approximately
$92
(see Note
16
).