Note 4 - Accounts Receivable

12 Months Ended

Nov. 27, 2021

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

4. Accounts Receivable

Accounts receivable consists of the following:

	November 27, 2021			November 28, 2020
Gross accounts receivable	$	28,964		$	23,551
Allowance for credit losses		(796	)		(1,211	)
Net accounts receivable	$	28,168		$	22,340

Activity in the allowance for credit losses was as follows:

	2021			2020
Balance, beginning of the year	$	1,211		$	815
Additions (recoveries) charged to expense		(156	)		492
Reductions to allowance, net		(259	)		(96	)
Balance, end of the year	$	796		$	1,211

We believe that the carrying value of our net accounts receivable approximates fair value. The inputs into these fair value estimates reflect our market assumptions and are not observable. Consequently, the inputs are considered to be Level 3 as specified in the fair value hierarchy in ASC Topic 820, Fair Value Measurements and Disclosures. See Note 4.