v3.26.1
Note 5 - Goodwill and Other Intangible Assets
3 Months Ended
Feb. 28, 2026
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]

Note 5: Goodwill and Other Intangible Assets

 

The goodwill activity by reportable segment for the three months ended February 28, 2026 is presented below:

 

    Hygiene, Health             Building          
   

and Consumable

   

Engineering

   

Adhesive

         
   

Adhesives

   

Adhesives

   

Solutions

   

Total

 

Balance at November 29, 2025

  $ 517,763     $ 610,107     $ 552,189     $ 1,680,059  

Acquisitions

    1,048       (756 )     -       292  

Foreign currency translation effect

    11,430       (484 )     6,171       17,117  

Balance at February 28, 2026

  $ 530,241     $ 608,867     $ 558,360     $ 1,697,468  

 

 

Balances of amortizable identifiable intangible assets, excluding goodwill and other non-amortizable intangible assets, are as follows:

 

   

February 28, 2026

 
   

Purchased

                         
   

Technology

   

Customer

                 

Amortizable Intangible Assets

 

and Patents

   

Relationships

   

Trade Names

   

Total

 

Original cost

  $ 235,196     $ 990,601     $ 82,015     $ 1,307,812  

Accumulated amortization

    (62,365 )     (418,027 )     (36,322 )     (516,714 )

Net identifiable intangibles

  $ 172,831     $ 572,574     $ 45,693     $ 791,098  

 

   

November 29, 2025

 
   

Purchased

                         
   

Technology

   

Customer

                 

Amortizable Intangible Assets

 

and Patents

   

Relationships

   

Trade Names

   

Total

 

Original cost

  $ 232,522     $ 998,889     $ 81,228     $ 1,312,639  

Impairment

    -       -       (734 )     (734 )

Accumulated amortization

    (57,778 )     (414,706 )     (33,554 )     (506,038 )

Net identifiable intangibles

  $ 174,744     $ 584,183     $ 46,940     $ 805,867  

 

Amortization expense with respect to amortizable intangible assets was $22,011 and $20,880 for the three months ended February 28, 2026 and March 1, 2025, respectively.

 

Estimated aggregate amortization expense based on the current carrying value of amortizable intangible assets for the next five fiscal years is as follows:

 

   

Remainder

                                         

Fiscal Year

 

2026

   

2027

   

2028

   

2029

   

2030

   

Thereafter

 

Amortization expense

  $ 78,020     $ 106,393     $ 107,953     $ 101,882     $ 75,346     $ 321,504  

 

The above amortization expense forecast is an estimate. Actual amounts may change from such estimated amounts due to fluctuations in foreign currency exchange rates, additional intangible asset acquisitions, potential impairment, accelerated amortization or other events.