Note 8 - Goodwill and Other Intangible Assets

12 Months Ended

Nov. 24, 2018

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

8. Goodwill and Other Intangible Assets

Goodwill and other intangible assets consisted of the following:

	November 24, 2018
	Gross Carrying Amount		Accumulated Amortization			Intangible Assets, Net
Intangibles subject to amortization:
Customer relationships	$	3,550	$	(829	)	$	2,721
Technology - customized applications		834		(456	)		378
Total intangible assets subject to amortization		4,384		(1,285	)		3,099
Intangibles not subject to amortization:
Trade names		9,338		-			9,338
Goodwill		16,043		-			16,043
Total goodwill and other intangible assets	$	29,765	$	(1,285	)	$	28,480

	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 were as follows:

	Wholesale		Retail		Logistics		Total
Balance as of November 26, 2016	$	4,839	$	1,820	$	4,929	$	11,588
Goodwill arising from store acquisition (Note 3)		206		106		-		312
Balance as of November 25, 2017		5,045		1,926		4,929		11,900
Goodwill arising from Lane Venture acquisition (Note 3)		4,143		-		-		4,143
Balance as of November 24, 2018	$	9,188	$	1,926	$	4,929	$	16,043

There were

no

accumulated impairment losses on goodwill as of

November 24, 2018,

November 25, 2017

or

November 26, 2016.

The weighted average useful lives of our finite-lived intangible assets and remaining amortization periods as of

November 24, 2018

are as follows:

	Useful Life in Years		Remaining Amortization Period in Years
Customer relationships		14		11
Technology - customized applications		7		3

Amortization expense associated with intangible assets during fiscal

2018,

2017

and

2016

was

$374,

$322

and

$322,

respectively and is included in selling, general and administrative expense in our consolidated statement of income. All expense arising from the amortization of intangible assets is associated with our logistical services segment except for

$51

in fiscal

2018

associated with our wholesale segment arising from Lane Venture (Note

3

). Estimated future amortization expense for intangible assets that exist at

November 24, 2018

is as follows:

Fiscal 2019	$	379
Fiscal 2020		379
Fiscal 2021		379
Fiscal 2022		279
Fiscal 2023		259
Thereafter		1,424
Total	$	3,099