Note 3 - Financial Instruments and Investments |
3 Months Ended |
|---|---|
Feb. 28, 2026 | |
| Notes to Financial Statements | |
| Fair Value Disclosures [Text Block] |
3. Financial Instruments and Investments
Financial Instruments
Our financial instruments include cash and cash equivalents, short-term investments in certificates of deposit (CDs), accounts receivable, and accounts payable. Because of their short maturities, the carrying amounts of cash and cash equivalents, accounts receivable, and accounts payable approximate fair value.
Investments
Our short-term investments of $17,963 at both February 28, 2026 and November 29, 2025 consisted of CDs. At February 28, 2026, the CDs had original terms averaging months, bearing interest at rates ranging from 2.0% to 4.1% and the weighted average remaining time to maturity was approximately months and the weighted average yield of the CDs was approximately 3.6%. Each CD is placed with a federally insured financial institution and all deposits are within federal deposit insurance limits. Due to the nature of these investments and their relatively short maturities, the carrying amount of the short-term investments at February 28, 2026 and November 29, 2025 approximates their fair value. |