XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 23, 2020
Aug. 25, 2019
Aug. 23, 2020
Aug. 25, 2019
Income Statement [Abstract]        
Net revenues $ 1,063,085 $ 1,447,081 $ 3,066,753 $ 4,194,479
Cost of goods sold 485,687 680,335 1,480,376 1,944,502
Gross profit 577,398 766,746 1,586,377 2,249,977
Selling, general and administrative expenses 484,002 595,528 1,695,072 1,814,949
Restructuring charges, net 1,071 0 68,442 0
Operating income (loss) 92,325 171,218 (177,137) 435,028
Interest expense (28,437) (15,292) (56,337) (47,962)
Underwriter commission paid on behalf of selling stockholders 0 0 0 24,860
Other expense, net (12,274) (4,369) (8,269) (2,849)
Income (loss) before income taxes 51,614 151,557 (241,743) 359,357
Income tax (benefit) expense 24,565 27,340 (57,932) 60,182
Net income (loss) 27,049 124,217 (183,811) 299,175
Net loss attributable to noncontrolling interest 0 292 0 141
Net income (loss) attributable to Levi Strauss & Co. $ 27,049 $ 124,509 $ (183,811) $ 299,316
Earnings (loss) per common share attributable to common stockholders:        
Basic (usd per share) $ 0.07 $ 0.32 $ (0.46) $ 0.77
Diluted (usd per share) $ 0.07 $ 0.30 $ (0.46) $ 0.73
Weighted-average common shares outstanding:        
Basic (in shares) 397,711,322 394,169,688 397,010,522 387,289,913
Diluted (in shares) 407,677,385 413,639,749 397,010,522 407,844,136