Note 5 - Accounts Receivable

12 Months Ended

Nov. 25, 2023

Notes to Financial Statements

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

5. Accounts Receivable

Accounts receivable consists of the following:

		November 25, 2023			November 26, 2022
Gross accounts receivable	$	14,271		$	19,099
Allowance for credit losses		(535	)		(1,261	)
Net accounts receivable	$	13,736		$	17,838

Activity in the allowance for credit losses was as follows:

	2023			2022
Balance, beginning of the year	$	1,261		$	567
Additions (recoveries) charged to expense		219			761
Reductions to allowance, net		(945	)		(67	)
Balance, end of the year	$	535		$	1,261

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.