Note 12 - Income Taxes (Tables)

12 Months Ended

Nov. 27, 2021

Notes Tables

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

	2021		2020			2019
Current:
Federal	$	4,437	$	(8,486	)	$	2,150
State		178		155			892
Deferred:
Federal		435		2,457			(2,191	)
State		1,148		(491	)		(663	)
Total	$	6,198	$	(6,365	)	$	188

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

	2021			2020			2019
Statutory federal income tax rate		21.0	%		21.0	%		21.0	%
CARES Act benefit		-			21.1			-
State income tax, net of federal benefit		4.2			1.7			(14.0	)
Impairment of non-deductible goodwill		-			(2.5	)		(23.2	)
Excess tax from stock-based compensation		0.4			(0.6	)		0.3
Other		-			(2.8	)		5.1
Effective income tax rate		25.6	%		37.9	%		(10.8	)%

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

	November 27, 2021		November 28, 2020
Deferred income tax assets:
Trade accounts receivable	$	199	$	303
Inventories		3,121		3,086
Notes receivable		44		44
Post employment benefit obligations		3,562		3,260
State net operating loss carryforwards		153		1,321
Leases		5,055		5,850
Other		1,180		1,856
Gross deferred income tax assets		13,314		15,720
Valuation allowance		-		-
Total deferred income tax assets		13,314		15,720
Deferred income tax liabilities:
Property and equipment		7,013		8,746
Intangible assets		1,712		1,404
Prepaid expenses and other		1,400		983
Total deferred income tax liabilities		10,125		11,133
Net deferred income tax assets	$	3,189	$	4,587