Note 14 - Changes to Stockholders' Equity

6 Months Ended

May 31, 2025

Notes to Financial Statements

Equity [Text Block]

14. Changes to Stockholders’ Equity

The following changes in our stockholders’ equity occurred during the three and six months ended May 31, 2025 and June 1, 2024:

	Quarter Ended						Six Months Ended
	May 31, 2025			June 1, 2024			May 31, 2025			June 1, 2024
Common Stock:
Beginning of period	$	43,462		$	43,883		$	43,681		$	43,842
Issuance of common stock		87			98			166			191
Purchase and retirement of common stock		(139	)		(173	)		(437	)		(225	)
End of period	$	43,410		$	43,808		$	43,410		$	43,808
Common Shares Issued and Outstanding:
Beginning of period		8,692,134			8,776,349			8,736,046			8,768,221
Issuance of common stock		17,454			19,629			33,189			38,117
Purchase and retirement of common stock		(27,737	)		(34,646	)		(87,384	)		(45,006	)
End of period		8,681,851			8,761,332			8,681,851			8,761,332
Additional Paid-in Capital:
Beginning of period	$	-		$	175		$	6		$	93
Issuance of common stock		(3	)		(5	)		(1	)		(12	)
Purchase and retirement of common stock		(163	)		(316	)		(311	)		(425	)
Stock based compensation		166			198			306			396
End of period	$	-		$	52		$	-		$	52
Retained Earnings:
Beginning of period	$	122,556		$	136,588		$	122,847		$	139,354
Net income (loss) for the period		1,918			(7,201	)		3,772			(8,394	)
Purchase and retirement of common stock		(135	)		-			(546	)		-
Cash dividends declared and paid		(1,742	)		(1,580	)		(3,476	)		(3,153	)
End of period	$	122,597		$	127,807		$	122,597		$	127,807
Accumulated Other Comprehensive Income (Loss):
Beginning of period	$	781		$	(8	)	$	793		$	152
Cumulative translation adjustments, net of tax		-			(7	)		-			(174	)
Amortization of pension costs, net of tax		(12	)		8			(24	)		15
End of period	$	769		$	(7	)	$	769		$	(7	)

The balance of cumulative translation adjustments, net of tax, was zero at both May 31, 2025 and November 30, 2024.