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Note 3 - Restructuring Actions | 3 Months Ended
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Feb. 28, 2026
Notes to Financial Statements |
Restructuring and Related Activities Disclosure [Text Block] | Note 3: Restructuring Actions Restructuring Plans During fiscal year 2023, the Company approved restructuring plans (the "Plans") related to organizational changes and other actions to optimize operations and integrate acquired businesses. The Plans were implemented in the second quarter of fiscal year 2023 and were completed as of November 29, 2025. Remaining cash payments will continue into fiscal year 2026. In implementing the Plans, the Company currently expects to incur pre-tax costs of approximately $85,000 to $90,000 for severance and related employee costs globally, and other restructuring costs related to the streamlining of processes and the payment of anticipated income taxes in certain jurisdictions related to the Plans. The following table summarizes the pre-tax distribution of charges under these restructuring plans by income statement classification:
|  | Three Months Ended |
|  | February 28, 2026 |  |  | March 1, 2025 |
Cost of sales |  | $ | 1,619 |  |  | $ | 2,954 |
Selling, general and administrative |  |  | 375 |  |  |  | 557 |
Other expense, net |  |  | 1,196 |  |  |  | - |
|  | $ | 3,190 |  |  | $ | 3,511 |
The restructuring charges are recorded in Corporate Unallocated for segment reporting purposes. A summary of the restructuring liability is presented below:
|  | Employee-Related |  |  | Asset-Related |  |  | Other |  |  | Total |
Balance at November 30, 2024 |  | $ | 8,430 |  |  | $ | - |  |  | $ | - |  |  | $ | 8,430 |
Expenses incurred |  |  | 14,314 |  |  |  | (547 | ) |  |  | 3,102 |  |  |  | 16,869 |
Non-cash charges |  |  | - |  |  |  | 547 |  |  |  | (580 | ) |  |  | (33 | )
Cash payments |  |  | (14,143 | ) |  |  | - |  |  |  | (2,522 | ) |  |  | (16,665 | )
Foreign currency translation |  |  | 360 |  |  |  | - |  |  |  | - |  |  |  | 360 |
Balance at November 29, 2025 |  | $ | 8,961 |  |  | $ | - |  |  | $ | - |  |  | $ | 8,961 |
Expenses incurred |  |  | 710 |  |  |  | 1,065 |  |  |  | 1,415 |  |  |  | 3,190 |
Non-cash charges |  |  | - |  |  |  | (1,065 | ) |  |  | (1,302 | ) |  |  | (2,367 | )
Cash payments |  |  | (3,770 | ) |  |  | - |  |  |  | (113 | ) |  |  | (3,883 | )
Foreign currency translation |  |  | (15 | ) |  |  | - |  |  |  | - |  |  |  | (15 | )
Balance at February 28, 2026 |  | $ | 5,886 |  |  | $ | - |  |  | $ | - |  |  | $ | 5,886 |
Non-cash charges primarily include accelerated depreciation resulting from the cessation of use of certain long-lived assets, impairments of certain long-lived assets, the recording of an inventory provision related to the discontinuance of certain products, and inventory disposals. Restructuring liabilities have been classified as a component of other accrued expenses on the Consolidated Balance Sheets. Other Restructuring During the first quarter of 2026, the Company approved other restructuring actions related to global footprint optimization. The other restructuring actions began to be implemented in the first quarter of 2026 and are currently expected to be completed during fiscal year 2028. Restructuring costs are expected to be incurred over the next several fiscal quarters as the measures are implemented with the majority of the charges recognized and cash payments occurring in fiscal 2026 and 2027. In implementing the other restructuring actions, the Company currently expects to incur pre-tax costs of approximately $10,200 to $12,200 for severance and related employee costs globally, and other restructuring costs related to optimizing the Company’s footprint and the payment of anticipated income taxes in certain jurisdictions related to the actions. The following table summarizes the pre-tax distribution of charges under these restructuring actions by income statement classification:
|  | Three Months Ended |
|  | February 28, 2026 |  |  | March 1, 2025 |
Cost of sales |  | $ | 3,920 |  |  | $ | - |
Selling, general and administrative |  |  | 910 |  |  |  | - |
|  | $ | 4,830 |  |  | $ | - |
The restructuring charges are recorded in Corporate Unallocated for segment reporting purposes. A summary of the restructuring liability is presented below:
|  | Employee-Related |  |  | Asset-Related |  |  | Total |
Expenses incurred |  |  | 1,731 |  |  |  | 3,099 |  |  |  | 4,830 |
Non-cash charges |  |  | - |  |  |  | (3,099 | ) |  |  | (3,099 | )
Cash payments |  |  | (1,369 | ) |  |  | - |  |  |  | (1,369 | )
Foreign currency translation |  |  | 15 |  |  |  | - |  |  |  | 15 |
Balance at February 28, 2026 |  | $ | 377 |  |  | $ | - |  |  | $ | 377 |
Non-cash charges primarily include accelerated depreciation resulting from the cessation of use of certain long-lived assets and impairments of certain long-lived assets. Restructuring liabilities have been classified as a component of other accrued expenses on the Consolidated Balance Sheets.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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