Note 7 - Goodwill and Other Intangible Assets

9 Months Ended

Aug. 31, 2019

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 31, 2019
	Gross Carrying Amount		Accumulated Amortization			Intangible Assets, Net
Intangibles subject to amortization
Customer relationships	$	3,550	$	(1,023	)	$	2,527
Technology - customized applications		834		(546	)		288
Total intangible assets subject to amortization		4,384		(1,569	)		2,815
Intangibles not subject to amortization:
Trade names		9,338		-			9,338
Goodwill		16,043		-			16,043
Total goodwill and other intangible assets	$	29,765	$	(1,569	)	$	28,196

	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

There were no accumulated impairment losses on goodwill as of August 31, 2019 or November 24, 2018.

The carrying amounts of goodwill by reportable segment at both August 31, 2019 and November 24, 2018 were as follows:

Wholesale	$	9,188
Retail		1,926
Logistical services		4,929
Total goodwill	$	16,043

Amortization expense associated with intangible assets during the three and nine months ended August 31, 2019 and August 25, 2018 was as follows:

	Quarter Ended				Nine Months Ended
	August 31, 2019		August 25, 2018		August 31, 2019		August 25, 2018
Intangible asset amortization expense	$	95	$	95	$	285	$	280

Estimated future amortization expense for intangible assets that exist at August 31, 2019 is as follows:

Remainder of fiscal 2019	$	95
Fiscal 2020		379
Fiscal 2021		379
Fiscal 2022		279
Fiscal 2023		259
Fiscal 2024		259
Thereafter		1,165
Total	$	2,815