XML 120 R95.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Note 12 - Income Taxes - Reconciliation of Effective Income Tax (Details) - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2019
Dec. 01, 2018
Dec. 02, 2017
Statutory U.S. federal income tax rate $ 36,294 $ 34,605 $ 21,210
State income taxes, net of federal benefit 2,785 1,148 (959)
Foreign dividend repatriation 2,854 1,258 276
Foreign operations 8,712 (3,253) (9,565)
Impact of option valuation 0 330 (1,381)
Interest income not taxable in the U.S. 0 0 (626)
Executive compensation over $1 million 1,661 611 0
Change in valuation allowance 1,097 5,213 (3,694)
Research and development tax credit (802) (982) (647)
Section 199 manufacturing deduction 0 (319) 0
Foreign-derived intangible income (2,240) 0 0
Cross currency swap 2,677 0 0
Royal Adhesives transaction costs 0 0 2,271
Transition tax 0 42,007 0
Dividends received deduction 0 (8,484) 0
Deferred tax rate change 0 (79,488) 0
Other (3,630) 998 2,925
Total income tax expense (benefit) $ 49,408 $ (6,356) $ 9,810