Note 12 - Income Taxes (Tables)

12 Months Ended

Nov. 24, 2012

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2012			2011			2010
Current:
Federal	$	1,611		$	3,947		$	(10	)
State		(487	)		676			(196	)
Deferred:
Increase (decrease) in valuation allowance		(18,704	)		(17,464	)		2,962
Federal		2,458			14,934			(2,195	)
State		423			2,316			(767	)
Total	$	(14,699	)	$	4,409		$	(206	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2012		2011		2010
Statutory federal income tax rate	35.0	%	35.0	%	(34.0	)%
Dividends received deduction	-		(1.8	)	(71.6	)
Change in income tax valuation allowance	(155.6	)	(29.2	)	134.2
Change in income tax reserves	(3.3	)	(0.1	)	(13.2	)
State income tax, net of federal benefit	1.5		3.4		(20.1	)
Other	0.1		-		(4.6	)
Effective income tax rate	(122.3	)%	7.3	%	(9.3	)%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	November 24, 2012			November 26, 2011
Deferred income tax assets:
Trade accounts receivable	$	688		$	804
Inventories		1,946			2,036
Property and equipment		1,688			3,749
Notes receivable		1,592			1,592
Retirement benefits		5,547			5,162
Federal net operating loss and credit carryforwards		-			134
State net operating loss carryforwards		2,309			2,376
Unrealized holding loss		1,069			912
Lease termination accruals		1,005			1,676
Other		2,580			2,707
Gross deferred income tax assets		18,424			21,148
Valuation allowance		(908	)		(19,612	)
Total deferred income tax assets		17,516			1,536
Deferred income tax liabilities:
Unrealized gains from affiliates, net		78			125
Prepaid expenses and other		121			169
Unrealized holding gains, net		-			81
Total deferred income tax liabilities		199			375
Net deferred income tax assets	$	17,317		$	1,161

Summary of Valuation Allowance [Table Text Block]

	Balance Beginning of  Period		Additions  Charged to  Cost and  Expenses			Deductions  (1)			Other				Balance End of Period
For the Year Ended November 27, 2010
Reserve deducted from assets to which it applies
Allowance for doubtful accounts	$	10,757	$	4,671		$	(8,062	)	$	-			$	7,366
Notes receivable valuation reserves	$	8,950	$	1,825		$	(4,027	)	$	-			$	6,748
Lease/Loan guarantee reserves	$	3,366	$	1,407		$	(2,469	)	$	-			$	2,304
Restructuring reserve	$	535	$	-		$	(535	)	$	-			$	-
Lease exit costs	$	3,499	$	836		$	(1,488	)	$	-			$	2,847
Income tax valuation allowance	$	33,003	$	2,962		$	-		$	841	(2	)	$	36,806
For the Year Ended November 26, 2011:
Reserve deducted from assets to which it applies
Allowance for doubtful accounts	$	7,366	$	8,778		$	(14,052	)	$	-			$	2,092
Notes receivable valuation reserves	$	6,748	$	4,684		$	(7,292	)	$	-			$	4,140
Lease/Loan guarantee reserves	$	2,304	$	1,282		$	(3,078	)	$	-			$	508
Lease exit costs	$	2,847	$	5,058		$	(3,548	)	$	-			$	4,357
Income tax valuation allowance	$	36,806	$	-		$	(17,464	)	$	270	(2	)	$	19,612
For the Year Ended November 24, 2012:
Reserve deducted from assets to which it applies
Allowance for doubtful accounts	$	2,092	$	377		$	(680	)	$	-			$	1,789
Notes receivable valuation reserves	$	4,140	$	(1	)	$	-		$	-			$	4,139
Lease/Loan guarantee reserves	$	508	$	(41	)	$	(120	)	$	-			$	347
Lease exit costs	$	4,357	$	489		$	(2,232	)	$	-			$	2,614
Income tax valuation allowance	$	19,612	$	-		$	(18,704	)	$	-	(3	)	$	908

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	2012			2011
Balance, beginning of the year	$	1,502		$	1,565
Gross increases		10			183
Gross decreases, primarily due to the expiration of statutes		(284	)		(246	)
Balance, end of the year	$	1,228		$	1,502

Valuation Allowance of Deferred Tax Assets [Member]

Summary of Valuation Allowance [Table Text Block]

	2012			2011			2010
Balance, beginning of the year	$	19,612		$	36,806		$	33,003
Additions charged to expense		-			-			2,962
Deductions reducing expense		(18,704	)		(17,464	)		-
Additions (deductions) recorded as a component of other comprehensive (income) loss		-			270			841
Balance, end of the year	$	908		$	19,612		$	36,806