XML 43 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Nov. 29, 2020
Aug. 23, 2020
May 24, 2020
Feb. 23, 2020
Nov. 24, 2019
Aug. 25, 2019
May 26, 2019
Feb. 24, 2019
Nov. 29, 2020
Nov. 24, 2019
Nov. 25, 2018
Income Statement [Abstract]                      
Net revenues $ 1,385,856 $ 1,063,085 $ 497,542 $ 1,506,126 $ 1,568,608 $ 1,447,081 $ 1,312,940 $ 1,434,458 $ 4,452,609 $ 5,763,087 $ 5,575,440
Cost of goods sold 619,309 485,687 327,890 666,799 717,212 680,335 612,517 651,650 2,099,685 2,661,714 2,577,465
Gross profit 766,547 577,398 169,652 839,327 851,396 766,746 700,423 782,808 2,352,924 3,101,373 2,997,975
Selling, general and administrative expenses 652,556 484,002 550,525 660,545 719,749 595,528 637,525 581,896 2,347,628 2,534,698 2,457,564
Restructuring Costs                 90,415 0 0
Operating (loss) income 92,018 92,325 (448,244) 178,782 131,647 171,218 62,898 200,912 (85,119) 566,675 540,411
Interest expense (25,853) (28,437) (11,246) (16,654) (18,286) (15,126) (15,292) (17,544) (82,190) (66,248) (55,296)
Underwriter commission paid on behalf of selling stockholders         0 0 24,860 0 0 (24,860) 0
Other (expense) income, net (14,205) (12,274) 1,305 2,700 4,866 (4,369) 3,166 (1,646) (22,474) 2,017 14,907
(Loss) income before income taxes 51,960 51,614 (458,185) 164,828 118,227 151,557 26,078 181,722 (189,783) 477,584 500,022
Income tax (benefit) expense (4,710) 24,565 (94,636) 12,139 22,422 27,340 (2,429) 35,271 (62,642) 82,604 214,778
Net (loss) income         95,805 124,217 28,507 146,451 (127,141) 394,980 285,244
Net income attributable to noncontrolling interest         (509) 292 (277) 126 0 368 2,102
Net (loss) income attributable to Levi Strauss & Co. $ 56,670 $ 27,049 $ (363,549) $ 152,689 $ 95,296 $ 124,509 $ 28,230 $ 146,577 $ (127,141) $ 394,612 $ 283,142
(Loss) earnings per common share attributable to common stockholders:                      
Basic (usd per share) $ 0.14 $ 0.07 $ (0.91) $ 0.39 $ 0.24 $ 0.32 $ 0.07 $ 0.39 $ (0.32) $ 1.01 $ 0.75
Diluted (usd per share) $ 0.14 $ 0.07 $ (0.91) $ 0.37 $ 0.23 $ 0.30 $ 0.07 $ 0.37 $ (0.32) $ 0.97 $ 0.73
Weighted-average common shares outstanding:                      
Basic (in shares) 398,383,193 397,711,322 397,484,849 396,216,057 394,670,867 394,169,688 389,518,461 377,077,111 397,315,117 389,082,277 377,139,847
Diluted (in shares) 408,784,914 407,677,385 397,484,849 410,068,373 411,984,817 413,639,749 409,332,997 393,234,825 397,315,117 408,365,902 388,607,361