Note 11 - Income Taxes (Tables)

12 Months Ended

Dec. 02, 2017

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Income (loss) from continuing operations before income taxes and income from equity method investments	2017			2016		2015
United States	$	(35,173	)	$	76,199	$	97,094
Non-U.S.		93,872			91,226		41,251
Total	$	58,699		$	167,425	$	138,345

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Components of the provision for income tax expense (benefit)	2017			2016			2015
Current:
U.S. federal	$	444		$	14,515		$	24,180
State		21			2,789			2,955
Non-U.S.		29,557			27,788			22,075
		30,022			45,092			49,210
Deferred:
U.S. federal		(8,318	)		6,444			8,096
State		(1,473	)		1,102			1,269
Non-U.S.		(11,145	)		(2,202	)		(2,720	)
		(20,936	)		5,344			6,645
Total	$	9,086		$	50,436		$	55,855

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Reconciliation of effective income tax	2017			2016			2015
Statutory U.S. federal income tax rate	$	20,545		$	58,599		$	48,421
State income taxes, net of federal benefit		(1,018	)		2,135			3,281
Foreign dividend repatriation		276			519			388
Foreign rate differential		(9,565	)		(3,386	)		1,547
Impact of option valuation		(1,381	)		(1,879	)		1,211
Interest income not taxable in the U.S.		(626	)		(525	)		(1,243	)
Change in valuation allowance		(3,694	)		(2,219	)		480
Tax impact of special charges, net		-			173			1,678
Research and development tax credit		(647	)		(2,291	)		(71	)
Section 199 manufacturing deduction		-			(1,658	)		(2,036	)
Royal Adhesives transaction costs		2,271			-			-
Other		2,925			968			2,199
Total	$	9,086		$	50,436		$	55,855

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred income tax balances at each year-end related to:	2017			2016
Deferred tax assets:
Employee benefit costs	$	36,824		$	46,249
Foreign tax credit carryforward		27,197			11,593
Tax loss carryforwards		24,096			19,902
Other		25,123			20,612
Gross deferred tax assets		113,240			98,356
Less: valuation allowance		(9,273	)		(11,929	)
Net deferred tax assets		103,967			86,427
Deferred tax liability:
Depreciation and amortization		(336,260	)		(66,589	)
Net deferred tax assets (liabilities)	$	(232,293	)	$	19,838

Summary of Income Tax Contingencies [Table Text Block]

	2017			2016
Balance at beginning of year	$	4,165		$	4,870
Tax positions related to the current year:
Additions		613			774
Additions due to acquisitions		4,823			-
Tax positions related to prior years:
Additions		2,120			209
Reductions		(1,585	)		(377	)
Settlements		(708	)		(131	)
Lapses in applicable statutes of limitation		(541	)		(1,180	)
Balance at end of year	$	8,887		$	4,165