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Dividend
9 Months Ended
Aug. 25, 2019
Dividends [Abstract]  
DIVIDEND
DIVIDEND
In January 2019, the Company's Board of Directors declared two cash dividends of $55 million each. The first dividend was paid in the first quarter of 2019. Subsequent to the Company's third quarter ended August 25, 2019, the Company's Board of Directors increased the second dividend to a fixed amount of $0.15 per share for a total dividend payment of approximately $59 million, payable in the fourth quarter of 2019 to the holders of record of the Company's Class A common stock and Class B common stock at the close of business on October 5, 2019. The increased second dividend will be recorded in "Other accrued liabilities" in the Company's consolidated balance sheets in the fourth quarter of 2019.
The Company does not have an established 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 Company's Board of Directors depending upon, among other factors, the Company's financial condition and compliance with the terms of the Company's debt agreements.