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Note 11 - Income Taxes - Deferred Income Tax Balances (Details) - USD ($)
$ in Thousands
Dec. 02, 2023
Dec. 03, 2022
Pension and other post-retirement benefit plans $ 5,306 $ 6,752
Employee benefit costs 27,672 25,196
Foreign tax credit carryforward 6,538 7,884
Tax loss carryforwards 25,894 22,948
Leases 12,716 8,538
Hedging activity 18,638 13,299
Interest deduction limitation 37,519 17,736
Other 33,022 28,840
Gross deferred tax assets 167,305 131,193
Less: valuation allowance (15,595) (14,424)
Total net deferred tax assets 151,710 116,769
Depreciation and amortization (209,266) (215,219)
Pension and other post-retirement benefit plans (41,444) (37,362)
Undistributed earnings of non-U.S. subsidiaries (21,926) 0
Leases (12,510) (8,329)
Total deferred tax liability (285,146) (260,910)
Net deferred tax liability $ (133,436) $ (144,141)