Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Nov. 28, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying amount of goodwill

The changes in the carrying amount of goodwill by business segment for the years ended November 28, 2021 and November 29, 2020, were as follows:

	Americas		Europe		Asia		Other Brands		Total
	(Dollars in thousands)
Balance, November 24, 2019	$	207,749	$	26,535	$	1,504	$	—	$	235,788
Additions(1)	22,445		207		1,710		—		24,362
Foreign currency fluctuation	2,782		1,928		(92)		—		4,618
Balance, November 29, 2020	232,976		28,670		3,122		—		264,768
Additions(2)	—		1,761		—		123,658		125,419
Foreign currency fluctuation	(1,597)		(1,639)		(71)		—		(3,307)
Balance, November 28, 2021	$	231,379	$	28,792	$	3,051	$	123,658	$	386,880

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(1)Additions to goodwill in fiscal year 2020 relate to business acquisitions, primarily the South American distributor TJC. Refer to Note 4 for more information.

(2)Additions to Other Brands goodwill in fiscal year 2021 relates to the acquisition of Beyond Yoga®. Refer to Note 4 for more information.

Other intangible assets

Other intangible assets, net, were as follows:

	November 28, 2021						November 29, 2020
	Gross Carrying Value		Accumulated Amortization		Total		Gross Carrying Value		Accumulated Amortization		Total
	(Dollars in thousands)
Non-amortized intangible assets:
Trademarks	$	258,712	$	—	$	258,712	$	42,743	$	—	$	42,743
Amortized intangible assets:
Customer relationships and other	38,662		(6,042)		32,620		9,786		(5,103)		4,683
Total	$	297,374	$	(6,042)	$	291,332	$	52,529	$	(5,103)	$	47,426

Finite-Lived Intangible Assets, Future Amortization Expense

Estimated amortization expense for each of the next five years is as follows:

	November 28, 2021
	(Dollars in thousands)
2022	$	4,400
2023	4,400
2024	4,400
2025	4,400
2026	4,043
Thereafter	10,977
Total	$	32,620