Note 9 - Stockholders' Equity

12 Months Ended

Dec. 03, 2016

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

Note

9:

Stockholders' Equity

Preferred Stock:

The Board of Directors is authorized to issue up to

10,045,900

shares of preferred stock that

may

be issued in

one

or more series and with such stated value and terms as the Board of Directors

may

determine.

Common Stock:

There were

160,000,000

shares of common stock with a par value of

$1.00

authorized and

50,141,343

and

50,074,310

shares issued and outstanding at

December

3,

2016

and

November

28,

2015,

respectively.

On

September

30,

2010,

the Board of Directors authorized a share repurchase program of up to

$100,000

of our outstanding common shares. Under the program, we are authorized to repurchase shares for cash on the open market, from time to time, in privately negotiated transactions or block transactions, or through an accelerated repurchase agreement. The timing of such repurchases is dependent on price, market conditions and applicable regulatory requirements. Upon repurchase of the shares, we reduce our common stock for the par value of the shares with the excess being applied against additional paid-in capital. During

2016,

we repurchased

500,000

shares for

$20,861,

during

2015,

we repurchased

500,000

shares for

$17,066

and during

2014,

we repurchased

250,000

shares for

$12,254

under this program. Up to

$24,036

of our outstanding common shares

may

still be repurchased under the share repurchase program.

Common Shares Outstanding	2016			2015			2014
Beginning balance		50,074,310			50,310,803			50,228,543
Stock options exercised		593,891			275,035			330,179
Shares swapped for stock option exercises		(71,659	)		(39,883	)		-
Deferred compensation paid		7,235			8,852			9,957
Restricted units vested		105,552			83,494			69,624
Shares withheld for taxes		(67,807	)		(54,454	)		(67,593	)
Restricted shares forfeited		(179	)		(9,537	)		(9,907	)
Shares repurchased under repurchase program		(500,000	)		(500,000	)		(250,000	)
Ending balance		50,141,343			50,074,310			50,310,803