Note 7 - Goodwill and Other Intangible Assets

3 Months Ended

Feb. 25, 2023

7. Goodwill and Other Intangible Assets

Goodwill and other intangible assets consisted of the following:

	February 25, 2023
	Gross Carrying Amount		Accumulated Amortization			Intangible Assets, Net
Intangibles subject to amortization
Customer relationships	$	512	$	(294	)	$	218

Intangibles not subject to amortization:
Trade names							8,694
Goodwill							12,687

Total goodwill and other intangible assets						$	21,599

	November 26, 2022
	Gross Carrying Amount		Accumulated Amortization			Intangible Assets, Net
Intangibles subject to amortization
Customer relationships	$	512	$	(280	)	$	232

Intangibles not subject to amortization:
Trade names							8,723
Goodwill							12,772

Total goodwill and other intangible assets						$	21,727

Changes in the carrying amounts of goodwill by reportable segment were as follows:

	Wholesale		Retail		Corporate & Other			Total

Balance as of November 26, 2022	$	7,217	$	-	$	5,554		$	12,771
Foreign currency translation adjustments		-		-		(84	)		(84	)

Balance as of February 25, 2023	$	7,217	$	-	$	5,470		$	12,687

Accumulated impairment losses at both February 25, 2023 and November 26, 2022 were $3,897.

Amortization expense associated with intangible assets during the three months ended February 25, 2023 and February 26, 2022 was as follows:

	Quarter Ended
	February 25, 2023		February 26, 2022

Intangible asset amortization expense	$	14	$	14

Estimated future amortization expense for intangible assets that exist at February 25, 2023 is as follows: