Note 13 - Income Taxes (Tables)

12 Months Ended

Nov. 25, 2023

Notes Tables

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

	2023			2022		2021
Current:
Federal	$	(121	)	$	5,659	$	4,507
State		(72	)		2,154		171
Deferred:
Federal		846			484		60
State		30			405		1,098
Total	$	683		$	8,702	$	5,836

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

	2023			2022			2021
Statutory federal income tax rate		21.0	%		21.0	%		21.0	%
State income tax, net of federal benefit		3.8			4.4			4.2
Nondeductible goodwill		(45.7	)		-			0.4
Nontaxable gain on revaluation of contingent consideration		8.6			-			-
Other		3.0			(0.3	)		(0.1	)
Change in valuation allowance		(18.2	)		0.4			-
Effective income tax rate		(27.5	)%		25.5	%		25.5	%

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

	November 25, 2023			November 26, 2022
Deferred income tax assets:
Trade accounts receivable	$	135		$	315
Inventories		3,847			3,782
Post employment benefit obligations		2,426			2,734
Foreign net operating loss carryforwards		1,791			1,339
Operating lease liabilities		29,185			29,423
Other		1,668			1,722
Gross deferred income tax assets		39,052			39,315
Valuation allowance		(1,791	)		(1,339	)
Total deferred income tax assets		37,261			37,976
Deferred income tax liabilities:
Property and equipment		5,894			5,532
Intangible assets		984			726
Operating lease assets		25,239			25,166
Prepaid expenses and other		499			1,024
Total deferred income tax liabilities		32,616			32,448
Net deferred income tax assets	$	4,645		$	5,528