Income Taxes (Tables)

12 Months Ended

Dec. 03, 2016

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, 2016, 2015 and 2014.



	2016			2015			2014
Unrecognized tax benefits at December 1,	$	3,859		$	2,487		$	2,155
Additions for current period tax positions	571			388			465
Additions related to acquired tax positions	—			1,052			—
Additions for prior period tax positions	—			321			40
Reductions for prior period tax positions	—			—			—
Reductions for lapse of statute of limitations/settlements	(420		)	(401		)	(240		)
Changes in interest and penalties	64			12			67
Unrecognized tax benefits at November 30,	$	4,074		$	3,859		$	2,487

Schedule of provisions for income taxes

The provision for income taxes consisted of:



	2016			2015			2014
Current:
Federal	$	34,323		$	51,116		$	56,764
State	4,070			5,515			4,760
Foreign	9,780			10,209			10,112
Deferred:
Federal	11,965			(1,923		)	(4,102		)
State	(1,283		)	(1,051		)	(359		)
Foreign	3,361			(814		)	205
	$	62,216		$	63,052		$	67,380

Schedule of earnings before income taxes and noncontrolling interests

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



	2016		2015		2014
Domestic income	$	151,921	$	160,287	$	166,101
Foreign income	49,685		37,678		45,462
	$	201,606	$	197,965	$	211,563

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
	2016		2015		2014
Statutory U.S. tax rates	35.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	0.7		1.3		1.3
Tax credits	(1.0	)	(0.7	)	(0.2	)
Foreign taxes at different rates, net of credits	(2.4	)	(1.9	)	(2.3	)
Domestic production activities deduction	(2.1	)	(2.8	)	(2.7	)
Other, net	0.7		1.0		0.7
	30.9	%	31.9	%	31.8	%

Components of net deferred tax liabilities

The components of the net deferred tax liability as of November 30, 2016 and 2015 were as follows:



	2016			2015			2014
Deferred tax assets:
Deferred compensation	$	8,335		$	11,294		$	9,074
Loss carryforward and tax credit items	22,834			30,507			19,620
Accounts receivable	6,245			7,842			6,538
Inventories	6,397			6,390			5,484
Pensions	11,604			9,619			10,019
Accrued liabilities and other	6,665			7,427			6,999
Valuation allowance	(10,497		)	(10,855		)	(1,268		)
Total deferred tax assets, net	51,583			62,224			56,466
Deferred tax liabilities:
Percentage of completion	(524		)	(1,866		)	(740		)
Plant assets	(28,845		)	(22,615		)	(24,818		)
Goodwill and acquired intangible assets	(93,907		)	(98,713		)	(97,179		)
Other deferred tax liabilities	(297		)	(287		)	(230		)
Total deferred tax liabilities	(123,573		)	(123,481		)	(122,967		)
Deferred tax liability, net	$	(71,990	)	$	(61,257	)	$	(66,501	)