Note 6 - Goodwill and Other Intangible Assets

6 Months Ended

May 31, 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:

	May 31, 2025
	Gross Carrying Amount		Accumulated Amortization			Intangible Assets, Net
Intangibles subject to amortization
Customer relationships	$	512	$	(421	)	$	91
Intangibles not subject to amortization:
Trade names							6,848
Total intangible assets						$	6,939
Goodwill						$	7,217

	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
Total intangible assets						$	6,968
Goodwill						$	7,217

There were no changes in the carrying amounts of goodwill during the three and six months ended May 31, 2025 or June 1, 2024.

The carrying amounts of goodwill by reportable segment, including accumulated impairment losses, at both May 31, 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 and six months ended May 31, 2025 and June 1, 2024 was as follows:

	Quarter Ended				Six Months Ended
	May 31, 2025		June 1, 2024		May 31, 2025		June 1, 2024
Intangible asset amortization expense	$	14	$	14	$	29	$	28

Estimated future amortization expense for intangible assets that exist at May 31, 2025 is as follows:

Remainder of fiscal 2025	$	29
Fiscal 2026		57
Fiscal 2027		5
Total	$	91