Income Taxes (Tables)

12 Months Ended

Nov. 29, 2014

Income Tax Disclosure [Abstract]

Summary of income tax contingencies

The following is a reconciliation of the beginning and ending amount of gross unrecognized tax benefits for uncertain tax positions, including positions which impact only the timing of tax benefits for the years ended November 30, 2014, 2013 and 2012.

	2014			2013			2012
Unrecognized tax benefits at December 1,	$	2,155		$	2,209		$	3,015
Additions for current period tax positions	465			668			382
Reductions for current period tax positions	—			—			(37		)
Additions for prior period tax positions	40			—			—
Reductions for prior period tax positions	—			(40		)	(631		)
Reductions for lapse of statute of limitations/settlements	(240		)	(431		)	(460		)
Changes in interest and penalties	67			(251		)	(60		)
Unrecognized tax benefits at November 30,	$	2,487		$	2,155		$	2,209

Schedule of provisions for income taxes

The provision for income taxes consisted of:

	2014			2013			2012
Current:
Federal	$	56,764		$	34,414		$	37,673
State	4,760			2,918			2,484
Foreign	10,112			9,096			10,228
Deferred:
Federal	(4,102		)	8,676			8,763
State	(359		)	(165		)	805
Foreign	205			1,011			(296		)
	$	67,380		$	55,950		$	59,657

Schedule of earnings before income taxes and noncontrolling interests

Earnings before income taxes and noncontrolling interests included the following components:

	2014		2013		2012
Domestic income	$	166,101	$	141,224	$	145,433
Foreign income	45,462		33,076		37,564
	$	211,563	$	174,300	$	182,997

Schedule of effective tax rate breakdown

The provision for income taxes resulted in effective tax rates that differ from the statutory federal income tax rates.  The reasons for these differences are as follows:

	Percent of Pre-Tax Earnings
	2014		2013		2012
Statutory U.S. tax rates	35.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	1.3		1.0		1.4
Tax credits	(0.2	)	(0.6	)	(0.1	)
Foreign taxes at different rates, net of credits	(2.3	)	(1.6	)	(2.0	)
Domestic production activities deduction	(2.7	)	(2.2	)	(2.6	)
Other, net	0.7		0.5		0.9
	31.8	%	32.1	%	32.6	%

Components of net deferred tax liabilities

The components of the net deferred tax liability as of November 30, 2014 and 2013 were as follows:

	2014			2013
Deferred tax assets:
Deferred compensation	$	9,074		$	7,945
Loss carryforward and tax credit items	19,620			2,529
Accounts receivable	6,538			5,973
Inventories	5,484			5,000
Pensions	10,019			4,781
Accrued liabilities and other	6,999			1,219
Valuation allowance	(1,268		)	(1,102		)
Total deferred tax assets, net	56,466			26,345
Deferred tax liabilities:
Percentage of completion	(740		)	(539		)
Plant assets	(24,818		)	(24,182		)
Goodwill and acquired intangible assets	(97,179		)	(40,380		)
Other deferred tax liabilities	(230		)	(345		)
Total deferred tax liabilities	(122,967		)	(65,446		)
Deferred tax liability, net	$	(66,501	)	$	(39,101	)