Acquisitions (Tables)

12 Months Ended

Nov. 28, 2021

Business Combinations [Abstract]

Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary estimated fair values of the Beyond Yoga® assets acquired and liabilities assumed at the date of acquisition:

	September 21, 2021
	(Dollars in thousands)
Cash	$	1,491
Accounts receivable	5,028
Inventory(1)	18,706
Prepaid expenses and other current assets	509
Property, plant and equipment	760
Operating lease right-of-use assets	5,877
Goodwill	123,658
Intangible assets	245,507
Other non-current assets	463
Total assets acquired	401,999
Accounts payable	4,267
Other accrued liabilities	2,256
Operating lease liabilities	5,877
Total liabilities assumed	12,400
Net assets acquired	$	389,599

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(1)Includes $5.9 million of inventory markup above historical carrying value.

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The fair value of the separately identifiable intangible assets, and their estimated useful lives as of the acquisition date were as follows:

	Estimated Fair Value		Weighted Average Estimated Useful Life (years)
	(Dollars in thousands)
Intangible Assets:
Trademark	$	215,969	Indefinite
Customer Relationships	29,538		8.2 years
Total	$	245,507

Acquisition Related Expenses

The following table summarizes the acquisition-related expenses recognized during fiscal year 2021:

	November 28, 2021
	(Dollars in thousands)
Acquisition-related expenses:
Transaction and integration costs	$	2,835
Acquisition-related compensation	962
Total	$	3,797