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Acquisitions (Tables) | 12 Months Ended
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Nov. 26, 2023
Business Combinations [Abstract] |
Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of the Beyond Yoga® assets acquired and liabilities assumed at the date of acquisition:
| September 21, 2021
| (Dollars in millions)
Cash | $ | 1.5 |
Accounts receivable | 5.0 |
Inventory(1) | 18.7 |
Prepaid expenses and other current assets | 0.5 |
Property, plant and equipment | 0.7 |
Operating lease right-of-use assets | 5.9 |
Goodwill | 123.7 |
Intangible assets | 245.5 |
Other non-current assets | 0.5 |
Total assets acquired | 402.0 |
Accounts payable | 4.3 |
Other accrued liabilities | 2.2 |
Operating lease liabilities | 5.9 |
Total liabilities assumed | 12.4 |
Net assets acquired | $ | 389.6 |
_____________ (1)Includes $5.9 million of inventory markup above historical carrying value.
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | The fair value of the separately identifiable intangible assets, and their estimated useful lives as of the acquisition date were as follows:
| Estimated Fair Value |  | Weighted Average Estimated Useful Life (years)
| (Dollars in millions)
Intangible Assets: |  |  |
Trademark | $ | 216.0 |  |  | Indefinite
Customer Relationships | 29.5 |  |  | 8.2 years
Total | $ | 245.5 |  |  |
Acquisition Related Expenses | The following table summarizes the acquisition-related expenses recognized during fiscal years 2023, 2022 and 2021:
| November 26, 2023 |  | November 27, 2022 |  | November 28, 2021
| (Dollars in millions)
Acquisition-related expenses: |  |  |  |  |
Transaction and integration costs | $ | — |  |  | $ | 0.8 |  |  | $ | 2.8 |
Acquisition-related compensation | 5.0 |  |  | 5.0 |  |  | 1.0 |
Total | $ | 5.0 |  |  | $ | 5.8 |  |  | $ | 3.8 |

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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