Note 5 - Accounts Receivable

12 Months Ended

Nov. 26, 2022

Notes to Financial Statements

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

5. Accounts Receivable

Accounts receivable consists of the following:

	November 26, 2022			November 27, 2021
Gross accounts receivable	$	19,099		$	21,134
Allowance for credit losses		(1,261	)		(567	)
Net accounts receivable	$	17,838		$	20,567

Activity in the allowance for credit losses was as follows:

	2022			2021
Balance, beginning of the year	$	567		$	905
Additions (recoveries) charged to expense		761			(161	)
Reductions to allowance, net		(67	)		(177	)
Balance, end of the year	$	1,261		$	567

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.