Note 7 - Goodwill and Other Intangible Assets

9 Months Ended

Aug. 25, 2018

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

7

.

Goodwill and Other Intangible Assets

Goodwill and other intangible assets consisted of the following:

	August 25, 2018
	Gross Carrying Amount		Accumulated Amortization			Intangible Assets, Net
Intangibles subject to amortization
Customer relationships	$	3,550	$	(764	)	$	2,786
Technology - customized applications		834		(426	)		408
Total intangible assets subject to amortization		4,384		(1,190	)		3,194
Intangibles not subject to amortization:
Trade names		9,338		-			9,338
Goodwill		16,009		-			16,009
Total goodwill and other intangible assets	$	29,731	$	(1,190	)	$	28,541

	November 25, 2017
	Gross Carrying Amount		Accumulated Amortization			Intangible Assets, Net
Intangibles subject to amortization
Customer relationships	$	3,038	$	(574	)	$	2,464
Technology - customized applications		834		(337	)		497
Total intangible assets subject to amortization		3,872		(911	)		2,961
Intangibles not subject to amortization:
Trade names		2,490		-			2,490
Goodwill		11,900		-			11,900
Total goodwill and other intangible assets	$	18,262	$	(911	)	$	17,351

Changes in the carrying amounts of goodwill by reportable segment during the

nine

months ended

August 25, 2018

were as follows:

	Wholesale		Retail		Logistics		Total
Balance as of November 25, 2017	$	5,045	$	1,926	$	4,929	$	11,900
Goodwill arising from acquisition of Lane Venture (Note 3)		4,109		-		-		4,109
Balance as of August 25, 2018	$	9,154	$	1,926	$	4,929	$	16,009

The goodwill recognized in connection with our acquisition of Lane Venture remains subject to future adjustments before the close of the measurement period in the

first

quarter of fiscal

2019.

See Note

3,

Business Combinations, for additional information regarding the acquisition of Lane Venture. There were

no

accumulated impairment losses on goodwill as of

August 25, 2018

or

November 25, 2017.

Amortization expense associated with intangible assets during the

three

and

nine

months ended

August 25, 2018

and

August 26, 2017

was as follows:

	Quarter Ended				Nine Months Ended
	August 25, 2018		August 26, 2017		August 25, 2018		August 26, 2017
Intangible asset amortization expense	$	95	$	80	$	280	$	241

Estimated future amortization expense for intangible assets that exist at

August 25, 2018

is as follows:

Remainder of fiscal 2018	$	95
Fiscal 2019		379
Fiscal 2020		379
Fiscal 2021		379
Fiscal 2022		279
Fiscal 2023		259
Thereafter		1,424
Total	$	3,194