Note 13 - Income Taxes (Tables)

12 Months Ended

Nov. 30, 2024

Notes Tables

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

	2024			2023			2022
Current:
Federal	$	(1,962	)	$	(121	)	$	5,659
State		(273	)		(72	)		2,154
Deferred:
Federal		(1,781	)		846			484
State		(659	)		30			405
Total	$	(4,675	)	$	683		$	8,702

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

	2024			2023			2022
Statutory federal income tax rate		21.0	%		21.0	%		21.0	%
State income tax, net of federal benefit		5.4			3.8			4.4
Nondeductible goodwill, restructuring and other charges		(6.9	)		(45.7	)		-
Nontaxable gain on revaluation of contingent consideration		-			8.6			-
Capital loss carryback		15.9			-			-
Other		0.4			3.0			(0.3	)
Change in valuation allowance		(3.3	)		(18.2	)		0.4
Effective income tax rate		32.5	%		(27.5	)%		25.5	%

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

	November 30, 2024			November 25, 2023
Deferred income tax assets:
Trade accounts receivable	$	278		$	135
Inventories		3,867			3,847
Post employment benefit obligations		2,498			2,426
Federal net operating loss and credit carryforwards		1,107			151
State net operating loss carryforwards		621			2
Foreign net operating loss carryforwards		2,264			1,791
Operating lease liabilities		27,138			29,185
Other		1,182			1,515
Gross deferred income tax assets		38,955			39,052
Valuation allowance		(2,264	)		(1,791	)
Total deferred income tax assets		36,691			37,261
Deferred income tax liabilities:
Property and equipment		4,200			5,894
Intangible assets		1,235			984
Operating lease assets		23,771			25,239
Prepaid expenses and other		618			499
Total deferred income tax liabilities		29,824			32,616
Net deferred income tax assets	$	6,867		$	4,645