Note 6 - Goodwill and Other Intangible Assets

3 Months Ended

Mar. 01, 2025

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

6. Goodwill and Other Intangible Assets

Goodwill and other intangible assets consisted of the following:

	March 1, 2025
	Gross Carrying Amount		Accumulated Amortization			Intangible Assets, Net
Intangibles subject to amortization
Customer relationships	$	512	$	(408	)	$	104
Intangibles not subject to amortization:
Trade names							6,849
Goodwill							7,217
Total goodwill and other intangible assets						$	14,170

	November 30, 2024
	Gross Carrying Amount		Accumulated Amortization			Intangible Assets, Net
Intangibles subject to amortization
Customer relationships	$	512	$	(392	)	$	120
Intangibles not subject to amortization:
Trade names							6,848
Goodwill							7,217
Total goodwill and other intangible assets						$	14,185

There were no changes in the carrying amounts of goodwill during the three months ended March 1, 2025.

The carrying amounts of goodwill by reportable segment, including accumulated impairment losses, at both March 1, 2025 and November 30, 2024 were as follows:

	Original		Accumulated
	Recorded		Impairment			Carrying
	Value		Losses			Amount
Wholesale	$	9,188	$	(1,971	)	$	7,217
Retail		1,926		(1,926	)		-
Corporate and other		5,409		(5,409	)		-
Total goodwill	$	16,523	$	(9,306	)	$	7,217

Amortization expense associated with intangible assets during the three months ended March 1, 2025 and March 2, 2024 was as follows:

	Quarter Ended
	March 1, 2025		March 2, 2024
Intangible asset amortization expense	$	14	$	14

Estimated future amortization expense for intangible assets that exist at March 1, 2025 is as follows:

Remainder of fiscal 2025	$	43
Fiscal 2026		57
Fiscal 2027		4
Fiscal 2028		-
Fiscal 2029		-
Fiscal 2030		-
Total	$	104