Note 3 - Restructuring Actions

3 Months Ended

Mar. 04, 2023

Notes to Financial Statements

Restructuring and Related Activities Disclosure [Text Block]

Note 3: Restructuring Actions

The Company has approved restructuring plans consisting of consolidation plans, organizational changes and other actions to optimize operations. The following table summarizes the pre-tax distribution of charges under these restructuring plans by income statement classification:

	Three Months Ended
	March 4, 2023		February 26, 2022
Cost of sales	$	2,301	$	(152	)
Selling, general and administrative		625		(89	)
	$	2,926	$	(241	)

The restructuring charges are all recorded in Corporate Unallocated for segment reporting purposes.

A summary of the restructuring liability is presented below:

	Employee-Related
Balance at November 27, 2021	$	1,095
Expenses incurred		(449	)
Cash payments		(529	)
Foreign currency translation		(60	)
Balance at December 3, 2022	$	57
Expenses incurred		2,926
Cash payments		(110	)
Foreign currency translation		(8	)
Balance at March 4, 2023	$	2,865

Restructuring liabilities have been classified as a component of other accrued expenses on the Consolidated Balance Sheets.