Note 11 - Income Taxes (Tables)

12 Months Ended

Dec. 01, 2018

Notes Tables

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

Income before income taxes and income from equity method investments	2018		2017			2016
United States	$	19,388	$	(33,273	)	$	72,218
Non-U.S.		137,338		93,872			91,226
Total	$	156,726	$	60,599		$	163,444

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

Components of the provision for income tax expense (benefit)	2018			2017			2016
Current:
U.S. federal	$	9,652		$	444		$	14,515
State		1,597			21			2,789
Non-U.S.		37,980			29,557			27,788
		49,229			30,022			45,092
Deferred:
U.S. federal		(50,115	)		(7,653	)		5,051
State		(197	)		(1,414	)		979
Non-U.S.		(5,273	)		(11,145	)		(2,202	)
		(55,585	)		(20,212	)		3,828
Total	$	(6,356	)	$	9,810		$	48,920

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

Reconciliation of effective income tax	2018			2017			2016
Statutory U.S. federal income tax rate	$	34,605		$	21,210		$	57,206
State income taxes, net of federal benefit		1,148			(959	)		2,012
Foreign dividend repatriation		1,258			276			519
Foreign operations		(3,253	)		(9,565	)		(3,386	)
Impact of option valuation		330			(1,381	)		(1,879	)
Interest income not taxable in the U.S.		-			(626	)		(525	)
Change in valuation allowance		5,213			(3,694	)		(2,219	)
Tax impact of special charges, net		-			-			173
Research and development tax credit		(982	)		(647	)		(2,291	)
Section 199 manufacturing deduction		(319	)		-			(1,658	)
Royal Adhesives transaction costs		-			2,271			-
Transition tax		42,007			-			-
Dividends received deduction		(8,484	)		-			-
Deferred tax rate change		(79,488	)		-			-
Other		1,609			2,925			968
Total income tax expense (benefit)	$	(6,356	)	$	9,810		$	48,920

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

Deferred income tax balances at each year-end related to:	2018			2017
Deferred tax assets:
Employee benefit costs	$	19,617		$	36,824
Foreign tax credit carryforward		1,809			27,197
Tax loss carryforwards		27,532			24,096
Other		20,865			20,323
Gross deferred tax assets		69,823			108,440
Less: valuation allowance		(14,129	)		(9,273	)
Total net deferred tax assets		55,694			99,167
Deferred tax liability:
Depreciation and amortization		(242,877	)		(336,260	)
Total deferred tax liability		(242,877	)		(336,260	)
Net deferred tax liability	$	(187,183	)	$	(237,093	)

Summary of Income Tax Contingencies [Table Text Block]

	2018			2017
Balance at beginning of year	$	8,887		$	4,165
Tax positions related to the current year:
Additions		622			613
Tax positions related to prior years:
Additions		1,625			6,943
Reductions		(763	)		(1,585	)
Settlements		(15	)		(708	)
Lapses in applicable statutes of limitation		(1,936	)		(541	)
Balance at end of year	$	8,420		$	8,887