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Note 5 - Goodwill and Other Intangible Assets | 9 Months Ended
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Aug. 31, 2024
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 nine months ended August 31, 2024 is presented below:
|  | Hygiene, Health |  |  |  |  |  |  |  |  |  |  |  |  |
|  | and Consumable |  |  | Engineering |  |  | Construction |  |  |  |  |
|  | Adhesives |  |  | Adhesives |  |  | Adhesives |  |  | Total |
Balance at December 2, 2023 |  | $ | 402,598 |  |  | $ | 651,145 |  |  | $ | 432,769 |  |  | $ | 1,486,512 |
Acquisitions |  |  | 1,674 |  |  |  | 83,859 |  |  |  | 7,654 |  |  |  | 93,187 |
Foreign currency translation effect |  |  | 4,131 |  |  |  | 6,938 |  |  |  | 941 |  |  |  | 12,010 |
Balance at August 31, 2024 |  | $ | 408,403 |  |  | $ | 741,942 |  |  | $ | 441,364 |  |  | $ | 1,591,709 |
Balances of amortizable identifiable intangible assets, excluding goodwill and other non-amortizable intangible assets, are as follows:
|  | August 31, 2024 |
|  | Purchased |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Technology |  |  | Customer |  |  |  |  |  |  |  |  |  |  |  |  |
Amortizable Intangible Assets |  | and Patents |  |  | Relationships |  |  | Trade Names |  |  | Other |  |  | Total |
Original cost |  | $ | 146,315 |  |  | $ | 1,073,123 |  |  | $ | 68,851 |  |  | $ | 10,094 |  |  | $ | 1,298,383 |
Accumulated amortization |  |  | (53,478 | ) |  |  | (404,711 | ) |  |  | (27,731 | ) |  |  | (6,797 | ) |  |  | (492,717 | )
Net identifiable intangibles |  | $ | 92,837 |  |  | $ | 668,412 |  |  | $ | 41,120 |  |  | $ | 3,297 |  |  | $ | 805,666 |
|  | December 2, 2023 |
|  | Purchased |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Technology |  |  | Customer |  |  |  |  |  |  |  |  |  |  |  |  |
Amortizable Intangible Assets |  | and Patents |  |  | Relationships |  |  | Trade Names |  |  | Other |  |  | Total |
Original cost |  | $ | 144,763 |  |  | $ | 986,470 |  |  | $ | 58,484 |  |  | $ | 10,911 |  |  | $ | 1,200,628 |
Accumulated amortization |  |  | (59,631 | ) |  |  | (382,220 | ) |  |  | (23,099 | ) |  |  | (7,012 | ) |  |  | (471,962 | )
Net identifiable intangibles |  | $ | 85,132 |  |  | $ | 604,250 |  |  | $ | 35,385 |  |  | $ | 3,899 |  |  | $ | 728,666 |
Amortization expense with respect to amortizable intangible assets was $22,149 and $20,820 for the three months ended August 31, 2024 and September 2, 2023, respectively, and was $61,723 and $58,633 for the nine months ended August 31, 2024 and September 2, 2023. 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 |  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | Thereafter |
Amortization expense |  | $ | 18,564 |  |  | $ | 88,100 |  |  | $ | 81,291 |  |  | $ | 77,938 |  |  | $ | 77,666 |  |  | $ | 462,103 |
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. Non-amortizable intangible assets as of August 31, 2024 and December 2, 2023 were $482 and $474, respectively, and relate to trademarks and trade names. The change in non-amortizable assets as of August 31, 2024 compared to December 2, 2023 was due to changes in foreign currency exchange rates.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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