Goodwill and Other Intangible Assets

12 Months Ended

Nov. 26, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill by business segment for the years ended November 26, 2017 and November 27, 2016, were as follows:



	Americas			Europe			Asia		Total
	(Dollars in thousands)
Balance, November 29, 2015	$	207,816		$	26,024		$	1,201	$	235,041
Foreign currency fluctuation	(93		)	(683		)	15		(761		)
Balance, November 27, 2016	207,723			25,341			1,216		234,280
Foreign currency fluctuation	42			2,983			22		3,047
Balance, November 26, 2017	$	207,765		$	28,324		$	1,238	$	237,327

Other intangible assets, net, were as follows:



	November 26, 2017							November 27, 2016
	Gross Carrying Value		Accumulated Amortization			Total		Gross Carrying Value		Accumulated Amortization			Total
	(Dollars in thousands)
Non-amortized intangible assets:
Trademarks	$	42,743	$	—		$	42,743	$	42,743	$	—		$	42,743
Amortized intangible assets:
Acquired contractual rights	480		(330		)	150		2,843		(2,640		)	203
Total	$	43,223	$	(330	)	$	42,893	$	45,586	$	(2,640	)	$	42,946

For the years ended November 27, 2016 and November 29, 2015, amortization of these intangible assets was $0.2 million and $2.1 million, respectively. The amortization of these intangible assets in subsequent fiscal years is immaterial.

As of November 26, 2017, there was no impairment to the carrying value of the Company's goodwill or non-amortized intangible assets.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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