Note 13 - Income Taxes (Tables)

12 Months Ended

Nov. 26, 2022

Notes Tables

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

	2022		2021		2020
Current:
Federal	$	5,659	$	4,507	$	(8,233	)
State		2,154		171		148
Deferred:
Federal		484		60		2,067
State		405		1,098		(518	)
Total	$	8,702	$	5,836	$	(6,536	)

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

	2022			2021			2020
Statutory federal income tax rate		21.0	%		21.0	%		21.0	%
Adjustments to state net operating CARES Act benefit		-			-			19.2
State income tax, net of federal benefit		4.4			4.2			1.7
Impairment of non-deductible goodwill		-			-			(2.5	)
Excess tax from stock-based compensation		-			0.4			(0.6	)
Other		0.1			(0.1	)		(2.5	)
Effective income tax rate		25.5	%		25.5	%		36.3	%

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

	November 26, 2022			November 27, 2021
Deferred income tax assets:
Trade accounts receivable	$	315		$	199
Inventories		3,782			3,121
Notes receivable		-			44
Post employment benefit obligations		2,734			3,562
State net operating loss carryforwards		9			153
Foreign net operating loss carryforwards		1,339			-
Operating lease liabilities		29,423			34,813
Other		1,713			1,180
Gross deferred income tax assets		39,315			43,072
Valuation allowance		(1,339	)		-
Total deferred income tax assets		37,976			43,072
Deferred income tax liabilities:
Property and equipment		5,532			7,013
Intangible assets		726			1,712
Operating lease assets		25,166			29,758
Prepaid expenses and other		1,024			1,400
Total deferred income tax liabilities		32,448			39,883
Net deferred income tax assets	$	5,528		$	3,189