Quarterly Financial Data (Unaudited)

12 Months Ended

Nov. 27, 2016

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (UNAUDITED)

QUARTERLY FINANCIAL DATA (UNAUDITED)

Set forth below are the consolidated statements of operations for the first, second, third and fourth quarters of 2016 and 2015.

Year Ended November 27, 2016	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	(Dollars in thousands)
Net revenues	$	1,056,500		$	1,011,587		$	1,185,111		$	1,299,541
Cost of goods sold	496,902			494,389			592,305			640,131
Gross profit	559,598			517,198			592,806			659,410
Selling, general and administrative expenses	441,163			459,351			448,525			517,454
Restructuring, net	1,848			(191		)	(627		)	(718		)
Operating income	116,587			58,038			144,908			142,674
Interest expense	(14,902		)	(20,411		)	(19,170		)	(18,687		)
Other (expense) income, net	(2,219		)	4,295			4,679			11,468
Income before income taxes	99,466			41,922			130,417			135,455
Income tax expense	33,175			10,862			32,713			39,301
Net income	66,291			31,060			97,704			96,154
Net (income) loss attributable to noncontrolling interest	(455		)	(335		)	614			19
Net income attributable to Levi Strauss & Co.	$	65,836		$	30,725		$	98,318		$	96,173

Year Ended November 29, 2015	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	(Dollars in thousands)
Net revenues	$	1,055,075		$	1,012,180		$	1,142,012		$	1,285,226
Cost of goods sold	518,010			511,949			568,655			626,898
Gross profit	537,065			500,231			573,357			658,328
Selling, general and administrative expenses	425,282			449,662			454,530			494,389
Restructuring, net	4,338			2,954			4,054			2,725
Operating income	107,445			47,615			114,773			161,214
Interest expense	(23,312		)	(21,913		)	(17,138		)	(18,851		)
Loss on early extinguishment of debt	—			(14,002		)	—			—
Other (expense) income, net	(26,028		)	7,639			(8,316		)	1,272
Income before income taxes	58,105			19,339			89,319			143,635
Income tax expense	19,822			7,887			30,858			41,940
Net income	38,283			11,452			58,461			101,695
Net loss (income) attributable to noncontrolling interest	109			239			(286		)	(517		)
Net income attributable to Levi Strauss & Co.	$	38,392		$	11,691		$	58,175		$	101,178