XML 103 R90.htm IDEA: XBRL DOCUMENT v3.21.2
Note 11 - Income Taxes - Reconciliation of Effective Income Tax (Details) - USD ($)
$ in Thousands
12 Months Ended
Nov. 28, 2020
Nov. 30, 2019
Dec. 01, 2018
Statutory U.S. federal income tax rate $ 33,255 $ 36,294 $ 34,605
State income taxes, net of federal benefit (2,104) 2,785 1,148
Foreign dividend repatriation 900 825 1,258
Foreign operations (563) 8,712 (3,253)
Impact of option valuation 0 0 330
Executive compensation over $1.0 million 1,420 1,661 611
Change in valuation allowance 5,925 1,097 5,213
Research and development tax credit (906) (802) (982)
Section 199 manufacturing deduction 0 0 (319)
Foreign-derived intangible income (1,396) (2,240) 0
Global intangible low-taxed income 1,932 2,029 0
Provision to return 1,704 (3,271) (1,921)
Cross currency swap (6,748) 2,677 0
Contingency reserve 8,287 (957) 1,943
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount 0 0 42,007
Dividends received deduction 0 0 (8,484)
Deferred tax rate change 0 0 (79,488)
Other 215 598 976
Total income tax expense (benefit) $ 41,921 $ 49,408 $ (6,356)