Goodwill and Other Intangible Assets

12 Months Ended

Nov. 27, 2011

Goodwill and Other Intangible Assets [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 3:    GOODWILL AND OTHER INTANGIBLE ASSETS

The changes in the carrying amount of goodwill by business segment for the years ended November 27, 2011, and November 28, 2010, were as follows:

	Americas			Europe			Asia Pacific			Total
	(Dollars in thousands)
Balance, November 29, 2009	$	207,423		$	32,080		$	2,265		$	241,768
Additions		—			2,115			—			2,115
Foreign currency fluctuation		4			(2,592	)		177			(2,411	)
Balance, November 28, 2010	$	207,427		$	31,603		$	2,442		$	241,472
Foreign currency fluctuation		(9	)		(80	)		(413	)		(502	)
Balance, November 27, 2011	$	207,418		$	31,523		$	2,029		$	240,970

Other intangible assets, net, were as follows:

	November 27, 2011							November 28, 2010
	Gross Carrying Value		Accumulated Amortization			Total		Gross Carrying Value		Accumulated Amortization			Total
	(Dollars in thousands)
Non-amortized intangible assets:
Trademarks	$	42,743	$	—		$	42,743	$	42,743	$	—		$	42,743
Amortized intangible assets:
Acquired contractual rights		41,667		(23,051	)		18,616		45,712		(17,765	)		27,947
Customer lists		20,018		(9,559	)		10,459		20,037		(6,075	)		13,962
Total	$	104,428	$	(32,610	)	$	71,818	$	108,492	$	(23,840	)	$	84,652

For the years ended November 27, 2011, and November 28, 2010, amortization of these intangible assets were $12.1 million and $14.8 million, respectively. The amortization of these intangible assets, which is included in “Selling, general and administrative expenses” in the Company’s consolidated statements of income, in the succeeding fiscal years is approximately $12.2 million in 2012, $11.0 million in 2013, and immaterial thereafter.

As of November 27, 2011, there was no impairment to the carrying value of the Company’s goodwill or non-amortized intangible assets.