Note 13 - Income Taxes (Tables)

12 Months Ended

Nov. 28, 2020

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2020			2019			2018
Current:
Federal	$	(8,486	)	$	2,150		$	(1,137	)
State		155			892			462
Deferred:
Federal		2,457			(2,191	)		4,747
State		(491	)		(663	)		(84	)
Total	$	(6,365	)	$	188		$	3,988

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2020			2019			2018
Statutory federal income tax rate		21.0	%		21.0	%		22.2	%
CARES Act benefit		21.1			-			-
Revaluation of deferred tax assets resulting from new enacted rates		-			-			10.9
State income tax, net of federal benefit		1.7			(14.0	)		4.6
Impairment of non-deductible goodwill		(2.5	)		(23.2	)		-
Excess tax benefit from stock-based compensation		(0.6	)		0.3			(1.5	)
Other		(2.8	)		5.1			(3.5	)
Effective income tax rate		37.9	%		(10.8	)%		32.7	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	November 28, 2020		November 30, 2019
Deferred income tax assets:
Trade accounts receivable	$	303	$	207
Inventories		3,086		2,487
Notes receivable		44		44
Post employment benefit obligations		3,260		3,241
State net operating loss carryforwards		1,321		193
Unrealized loss from affiliates		-		81
Leases		5,850		3,753
Other		1,856		1,828
Gross deferred income tax assets		15,720		11,834
Valuation allowance		-		-
Total deferred income tax assets		15,720		11,834
Deferred income tax liabilities:
Property and equipment		8,746		4,288
Intangible assets		1,404		1,114
Prepaid expenses and other		983		688
Total deferred income tax liabilities		11,133		6,090
Net deferred income tax assets	$	4,587	$	5,744