Dividend Payment

12 Months Ended

Nov. 24, 2013

Dividends [Abstract]

DIVIDEND PAYMENT

DIVIDEND PAYMENT

The Company paid a cash dividend of $25.1 million on our common stock in the first quarter of 2013, and cash dividends of $20.0 million in the first half of each of 2012 and 2011. Subsequent to the Company's year-end, the Company's Board of Directors declared a cash dividend of $30.0 million.

The Company does not have an established annual dividend policy. The Company will continue to review its ability to pay cash dividends at least annually, and dividends may be declared at the discretion of the Board depending upon, among other factors, the income tax impact to the dividend recipients, the Company's financial condition and compliance with the terms of the Company's debt agreements.