XML 87 R71.htm IDEA: XBRL DOCUMENT v3.25.4
Note 7 - Notes Payable, Long-term Debt and Lines of Credit (Details Textual) - USD ($)
12 Months Ended
Mar. 06, 2025
Mar. 04, 2024
Dec. 15, 2023
Jun. 30, 2023
Feb. 15, 2023
Oct. 20, 2020
Feb. 14, 2017
Nov. 29, 2025
Nov. 30, 2024
Dec. 02, 2023
Mar. 16, 2023
Feb. 28, 2023
Jan. 12, 2023
Notes Payable, Current               $ 0 $ 587,000        
Short-Term Debt, Weighted Average Interest Rate, at Point in Time               1.35%          
Deferred Debt Issuance Cost, Writeoff               $ 0 0 $ 2,689,000      
Long-Term Debt, Fair Value               $ 2,041,062,000 2,015,468,000        
Interest Rate Swap [Member]                          
Derivative, Amount of Hedged Item                     $ 300,000,000   $ 400,000,000
Derivative, Fixed Interest Rate                     3.721% 3.726% 3.6895%
Interest Rate Swap 2 [Member]                          
Derivative, Amount of Hedged Item                     $ 100,000,000    
Derivative, Fixed Interest Rate                     3.899%    
Term Loan A [Member]                          
Debt Instrument, Face Amount         $ 500,000,000                
Debt Instrument, Basis Spread on Variable Rate               5.52%          
Long-Term Debt, Gross [1]               $ 431,250,000 462,500,000        
Term Loan A [Member] | SOFR Credit Adjustment [Member]                          
Debt Instrument, Basis Spread on Variable Rate         0.10%                
Term Loan A [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]                          
Debt Instrument, Basis Spread on Variable Rate         1.50%                
Term Loan B [Member]                          
Debt Instrument, Face Amount   $ 794,000,000     $ 800,000,000     $ 994,000,000          
Debt Instrument, Basis Spread on Variable Rate               5.67%          
Long-Term Debt, Gross [2]               $ 979,146,000 989,030,000        
Term Loan B [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]                          
Debt Instrument, Basis Spread on Variable Rate   1.75%           5.67%          
Term Loan B [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Minimum [Member]                          
Debt Instrument, Basis Spread on Variable Rate   0.50%                      
The 10-year Public Notes [Member]                          
Debt Instrument, Face Amount             $ 300,000,000            
Debt Instrument, Interest Rate, Stated Percentage             4.00%            
Debt Instrument, Term (Year)             10 years            
The 8-year Public Notes [Member]                          
Debt Instrument, Face Amount           $ 300,000,000              
Debt Instrument, Interest Rate, Stated Percentage           4.25%              
Long-Term Debt, Gross [3]               $ 300,000,000 300,000,000        
Debt Instrument, Term (Year)           8 years              
Repayments of Debt           $ 300,000              
The 8-year Public Notes [Member] | Secured Overnight Financing Rate (SOFR) [Member]                          
Debt Instrument, Basis Spread on Variable Rate       3.28%                  
The 8-year Public Notes [Member] | London Interbank Offered Rate (LIBOR) 1 [Member]                          
Debt Instrument, Basis Spread on Variable Rate           3.28%              
Term Loan B First Tranche [Member]                          
Debt Instrument, Face Amount   $ 200,000,000                      
Amended Term Loan B [Member]                          
Debt Instrument, Face Amount $ 986,545,000 $ 994,000,000                      
Debt Instrument, Basis Spread on Variable Rate 0.75% 1.00%                      
Debt Instrument, Interest Rate Margin, Increase (Decrease) 0.25% 0.25%                      
Amended Term Loan B [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]                          
Debt Instrument, Basis Spread on Variable Rate 1.75%                        
Amended Term Loan B [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Minimum [Member]                          
Debt Instrument, Basis Spread on Variable Rate 0.50%                        
Amended Term Loan B [Member] | Secured Overnight Financing Rate (SOFR) [Member]                          
Debt Instrument, Basis Spread on Variable Rate 1.75% 2.00%                      
Term Loan [Member]                          
Repayments of Debt             $ 158,750,000            
Second Amended and Restated Credit Agreement [Member]                          
Debt Instrument, Mandatory Prepayments of Excess Cashflow, Percentage         50.00%                
Debt Instrument, Mandatory Prepayments of Excess Cashflow When Secured Leverage Ratio Is Below 4.25, Percentage         25.00%                
Debt Instrument, Mandatory Prepayments of Excess Cashflow When Secured Leverage Ratio Is Below 3.75, Percentage         0.00%                
Second Amended and Restated Credit Agreement [Member] | Term Loan B [Member]                          
Debt Instrument, Periodic Payment, Percentage of Principal         1.00%                
Second Amended and Restated Credit Agreement [Member] | Term Loan A [Member] | Debt Instrument, Redemption, Period One [Member]                          
Debt Instrument, Periodic Payment, Percentage of Principal         1.25%                
Second Amended and Restated Credit Agreement [Member] | Term Loan A [Member] | Debt Instrument, Redemption, Period Two [Member]                          
Debt Instrument, Periodic Payment, Percentage of Principal         1.875%                
Second Amended and Restated Credit Agreement [Member] | Term Loan A [Member] | Debt Instrument, Redemption, Period Three [Member]                          
Debt Instrument, Periodic Payment, Percentage of Principal         2.50%                
Revolving Credit Facility [Member]                          
Line of Credit, Current               0          
Line of Credit Facility, Maximum Borrowing Capacity         $ 700,000,000     700,000,000          
Deferred Debt Issuance Cost, Writeoff                   $ 2,689,000      
Long-Term Debt, Gross               $ 36,000,000 $ 0        
Repayments of Lines of Credit             $ 138,000,000            
Debt Instrument, Interest Rate, Effective Percentage               5.52%          
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage     0.20%                    
Long-Term Line of Credit               $ 36,000,000          
Letters of Credit Outstanding, Amount               $ 11,362          
Debt Instrument, Covenant, Secured Leverage Ratio for Fiscal Quarters Ending on or Prior to June 1, 2024         4.75                
Debt Instrument, Covenant, Secured Leverage Ratio for Fiscal Quarters Ending After June 1, 2024         4.5                
Debt Instrument, Covenant, Interest Coverage Ratio         2                
Revolving Credit Facility [Member] | SOFR Credit Adjustment [Member]                          
Debt Instrument, Basis Spread on Variable Rate         0.10%                
Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]                          
Debt Instrument, Basis Spread on Variable Rate         1.50%                
[1] Term Loan A, due on February 15, 2028, $500,000 variable rate at the Secured Overnight Financing Rate ("SOFR") plus an adjustment of 0.10 percent and an interest rate spread of 1.50 percent based on a leverage grid (5.52 percent at November 29, 2025).
[2] Term Loan B, due on February 15, 2030, $994,000 variable rate at the SOFR plus 1.75 percent with a SOFR floor of 0.50 percent (5.67 percent at November 29, 2025).
[3] Public Notes, due October 15, 2028, $300,000 4.25 percent fixed; swapped to a floating rate as detailed below.