Note 7 - Property and Equipment

12 Months Ended

Nov. 30, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

7. Property and Equipment

Property and equipment consist of the following:

	November 30, 2024			November 25, 2023
Land	$	10,866		$	10,866
Buildings and leasehold improvements		124,305			125,290
Machinery and equipment		105,667			106,613
Property and equipment at cost		240,838			242,769
Less accumulated depreciation		(163,791	)		(158,788	)
Property and equipment, net	$	77,047		$	83,981

The net book value of our property and equipment by reportable segment is a follows:

	November 30, 2024		November 25, 2023
Wholesale	$	21,659	$	23,155
Retail - Company-owned stores		40,756		44,799
Corporate and other		14,632		16,027
Total property and equipment, net	$	77,047	$	83,981

Depreciation expense associated with the property and equipment shown above was included in income from operations in our consolidated statements of operations as follows:

	2024		2023		2022
Cost of goods sold (wholesale segment)	$	2,106	$	2,124	$	2,082
Selling, general and administrative expenses:
Wholesale segment		261		274		271
Retail segment		4,849		5,502		5,738
Corporate and Other		2,644		2,184		1,895
Total included in selling, general and administrative expenses		7,754		7,960		7,904
Total depreciation expense included in income from operations	$	9,860	$	10,084	$	9,986