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Note 11 - Income Taxes - Reconciliation of Effective Income Tax (Details) - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2024
Dec. 02, 2023
Dec. 03, 2022
Tax at statutory U.S. federal income tax rate $ 38,359 $ 49,174 $ 52,760
State income taxes, net of federal benefit (307) 1,137 1,252
Foreign dividend repatriation 1,943 21,730 2,596
Foreign operations 13,232 12,558 1,868
Executive compensation over $1.0 million 1,690 784 2,847
Non-U.S. stock option expense 676 730 525
Change in valuation allowance (1,800) 725 3,187
Research and development tax credit (1,460) (1,400) (927)
Foreign-derived intangible income (625) (2,665) (2,786)
Global intangible low-taxed income 1,581 2,345 1,890
Provision to return (1,595) 1,336 840
Cross currency swap 0 0 7,020
Contingency reserve 3,416 5,951 5,909
Excess Tax Benefit Related to Stock Options & Restricted Stock (3,083) (850) (2,016)
Goodwill Impairment Related to Flooring 2,373 0 0
Other 1,981 1,974 2,221
Total income tax expense $ 56,381 $ 93,529 $ 77,186