Note 4: Supplemental Financial Statement Information

Statement of Income Information

Additional details of income statement amounts for 2015, 2014 and 2013 follow.

	2015			2014			2013
Foreign currency transaction losses, net	$	(3,549	)	$	(2,546	)	$	(4,106	)
Interest income		510			344			737
Gain on disposal of fixed assets		330			2,769			323
Other, net		244			149			(705	)
Total other income (expense), net	$	(2,465	)	$	716		$	(3,751	)

Research and development expenses (included in SG&A expenses)	$	26,170		$	21,245		$	24,570

Balance Sheet Information

Additional details of balance sheet amounts as of November 28, 2015 and November 29, 2014 follow.

	2015			2014
Inventories
Raw materials	$	121,545		$	133,476
Finished goods		142,195			140,014
LIFO reserve		(15,236	)		(22,200	)
Total inventories	$	248,504		$	251,290

Other current assets
Other receivables	$	31,051		$	15,059
Prepaid income taxes		3,790			9,505
Prepaid taxes other than income taxes		18,464			30,797
Deferred income taxes		-			20,924
Prepaid expenses		12,232			12,547
Assets held for sale		3,138			4,273
Total other current assets	$	68,675		$	93,105

Property, plant and equipment
Land	$	68,008		$	65,367
Buildings and improvements		315,659			293,440
Machinery and equipment		683,988			710,180
Construction in progress		44,332			37,364
Total, at cost		1,111,987			1,106,351
Accumulated depreciation		(599,127	)		(603,717	)
Net property, plant and equipment	$	512,860		$	502,634

Other assets
Investments and company owned life insurance	$	9,641		$	10,950
Equity method investments		39,533			37,487
Cost method investments		1,666			1,671
Long-term deferred income taxes		55,663			40,142
Prepaid pension costs		4,273			7,588
Prepaid postretirement other than pension		15,755			12,054
Other long-term assets		34,613			39,434
Total other assets	$	161,144		$	149,326

Income taxes payable
Current income taxes payable	$	8,970		$	10,961
Current deferred income taxes		-			2,800
Total income taxes payable	$	8,970		$	13,761

Other accrued expenses
Taxes other than income taxes	$	16,909		$	19,427
Interest		5,027			4,548
Product liability		2,765			1,691
Accrued expenses		32,654			25,383
Total other accrued expenses	$	57,355		$	51,049

Other liabilities
Asset retirement obligations	$	2,274		$	2,515
Long-term deferred income taxes		24,477			16,718
Long-term deferred compensation		5,675			5,635
Postretirement other than pension		2,902			3,146
Contingent consideration liabilities, continuing operations		10,854			196
Other long-term liabilities		23,090			13,565
Total other liabilities	$	69,272		$	41,775

Additional details on the trade receivables allowance for doubtful accounts, credits related to pricing or quantities shipped and early payment discounts for 2015, 2014 and 2013 are as follows:

	2015			2014			2013
Balance at beginning of year	$	10,246		$	8,538		$	7,513
Charged to expenses		4,703			3,998			3,267
Write-offs		(2,339	)		(1,866	)		(2,369	)
Foreign currency translation effect		(717	)		(424	)		127
Balance at end of year	$	11,893		$	10,246		$	8,538

Statement of Comprehensive Income (Loss) Information

The following tables provides details of total comprehensive income (loss):

	November 28, 2015
	H.B. Fuller Stockholders									Non-controlling Interests
	Pretax			Tax			Net			Net
Net income including non-controlling interests		-			-		$	86,680		$	417
Other comprehensive income (loss)
Foreign currency translation adjustment ¹	$	(62,759	)		-			(62,759	)		(17	)
Reclassification to earnings:
Defined benefit pension plans adjustment ²		(24,279	)		8,408			(15,871	)		-
Interest rate swap ³		56			(16	)		40			-
Cash-flow hedges ³		(2,168	)		826			(1,342	)		-
Other comprehensive income (loss)	$	(89,150	)	$	9,218			(79,932	)		(17	)
Comprehensive income (loss)							$	6,748		$	400

	November 29, 2014
	H.B. Fuller Stockholders									Non-controlling Interests
	Pretax			Tax			Net			Net
Net income including non-controlling interests		-			-		$	49,773		$	378
Other comprehensive income (loss)
Foreign currency translation adjustment ¹	$	(38,673	)		-			(38,673	)		(14	)
Reclassification to earnings:
Defined benefit pension plans adjustment ²		(56,268	)		19,394			(36,874	)		-
Interest rate swap ³		56			(15	)		41			-
Cash-flow hedges ³		158			(42	)		116			-
Other comprehensive income (loss)	$	(94,727	)	$	19,337			(75,390	)		(14	)
Comprehensive income (loss)							$	(25,617	)	$	364

	November 30, 2013
	H.B. Fuller Stockholders									Non-controlling Interests
	Pretax			Tax			Net			Net
Net income including non-controlling interests		-			-		$	96,761		$	425
Other comprehensive income (loss)
Foreign currency translation adjustment ¹	$	(876	)		-			(876	)		(55	)
Reclassification to earnings:
Defined benefit pension plans adjustment ²		106,647			(38,451	)		68,196			-
Interest rate swap ³		57			(16	)		41			-
Cash-flow hedges ³		494			(191	)		303			-
Other comprehensive income (loss)	$	106,322		$	(38,658	)		67,664			(55	)
Comprehensive income (loss)							$	164,425		$	370

Income taxes are not provided for foreign currency translation relating to indefinite investments in international subsidiaries.

Loss reclassified from accumulated other comprehensive income (loss) into earnings as part of net periodic cost related to pension and other postretirement benefit plans is reported in cost of sales, SG&A and special charges.

Loss reclassified from accumulated other comprehensive income (loss) into earnings is reported in other income (expense), net.

Statement of Total Equity Information

Components of accumulated other comprehensive income (loss) follow.

	November 28, 2015
	Total			H.B. Fuller Stockholders			Non-controlling Interests
Foreign currency translation adjustment	$	(51,592	)	$	(51,554	)	$	(38	)
Interest rate swap, net of taxes of $5		(13	)		(13	)		-
Cash-flow hedges, net of taxes of $811		(1,317	)		(1,317	)		-
Defined benefit pension plans adjustment, net of taxes of $93,012		(174,400	)		(174,400	)		-
Total accumulated other comprehensive income (loss)	$	(227,322	)	$	(227,284	)	$	(38	)

	November 29, 2014
	Total			H.B. Fuller Stockholders			Non-controlling Interests
Foreign currency translation adjustment	$	11,184		$	11,205		$	(21	)
Interest rate swap, net of taxes of $21		(53	)		(53	)		-
Cash-flow hedges, net of taxes of $15		25			25			-
Defined benefit pension plans adjustment, net of taxes of $84,604		(158,529	)		(158,529	)		-
Total accumulated other comprehensive income (loss)	$	(147,373	)	$	(147,352	)	$	(21	)

	November 30, 2013
	Total			H.B. Fuller Stockholders			Non-controlling Interests
Foreign currency translation adjustment	$	49,871		$	49,878		$	(7	)
Interest rate swap, net of taxes of $36		(94	)		(94	)		-
Cash-flow hedges, net of taxes of $57		(91	)		(91	)		-
Defined benefit pension plans adjustment net of taxes of $65,210		(121,655	)		(121,655	)		-
Total accumulated other comprehensive income (loss)	$	(71,969	)	$	(71,962	)	$	(7	)