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Goodwill and Other Intangible Assets | 12 Months Ended
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Nov. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill by business segment for the years ended November 29, 2020 and November 24, 2019, were as follows:
| Americas |  | Europe |  | Asia |  | Total
| (Dollars in thousands)
Balance, November 25, 2018 | $ | 207,731 |  |  | $ | 27,264 |  |  | $ | 1,251 |  |  | $ | 236,246 |
Additions | — |  |  | — |  |  | 321 |  |  | 321 |
Foreign currency fluctuation | 18 |  |  | (729) |  |  | (68) |  |  | (779) |
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 |
_____________ (1)Additions to goodwill in fiscal year 2020 relate to business acquisitions, primarily the South American distributor TJC. Refer to Note 1 for more information. Other intangible assets, net, were as follows:
| November 29, 2020 |  | November 24, 2019
| 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: |  |  |  |  |  |  |  |  |  |  |
Customer relationships and other | 9,786 |  |  | (5,103) |  |  | 4,683 |  |  | 448 |  |  | (409) |  |  | 39 |
Total | $ | 52,529 |  |  | $ | (5,103) |  |  | $ | 47,426 |  |  | $ | 43,191 |  |  | $ | (409) |  |  | $ | 42,782 |
The amortization of these intangible assets in the year ended November 29, 2020 is $5.2 million. Amortization expense for the years ended November 24, 2019 and November 25, 2018 is immaterial. Estimated amortization expense is $0.7 million in 2021 and immaterial thereafter. The Company performed its annual goodwill impairment assessment over material reporting units. The fair values of the reporting units were estimated using the income approach or a weighted average of the income and market approaches. The annual assessment concluded that the fair values of the reporting units were in excess of their respective carrying values. The Company does not anticipate any material impairment charges in the near-term. As of November 29, 2020, there was no impairment to the carrying value of the Company's goodwill. The Company performed a quantitative impairment assessment over material indefinite-lived intangible assets, primarily the U.S. Levi’s® trade name. To estimate the fair value of the trade name, the relief from royalty method under the income approach was used. The assessment concluded that the fair value of the trade name exceeded its carrying value. The Company does not anticipate any material impairment charges in the near-term. As of November 29, 2020, there was no impairment to the carrying value of the Company's non-amortized intangible assets.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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