Note 5 - Accounts Receivable

12 Months Ended

Nov. 30, 2024

Notes to Financial Statements

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

5. Accounts Receivable

Accounts receivable consist of the following:

	November 30, 2024			November 25, 2023
Gross accounts receivable	$	14,278		$	14,271
Allowance for credit losses		(1,097	)		(535	)
Net accounts receivable	$	13,181		$	13,736

Activity in the allowance for credit losses was as follows:

	2024			2023
Balance, beginning of the year	$	535		$	1,261
Additions (recoveries) charged to expense		624			219
Reductions to allowance, net		(62	)		(945	)
Balance, end of the year	$	1,097		$	535

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.