v3.25.4

Note 8 - Intangible Assets | 12 Months Ended
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Nov. 29, 2025
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] |
8. | Intangible Assets, Net
Intangible assets at November 29, 2025 and November 30, 2024 consisted of the following:
|  | November 29, 2025 |  |  | November 30, 2024 |
Intangibles subject to amortization: |  |  |  |  |  |  |  |
Customer relationships |  | $ | 512 |  |  | $ | 512 |
Less accumulated amortization |  |  | (450 | ) |  |  | (392 | )
Intangibles subject to amortization, net |  |  | 62 |  |  |  | 120 |
Intangibles not subject to amortization: |  |  |  |  |  |  |  |
Trade names |  |  | 6,848 |  |  |  | 6,848 |
Total intangible assets |  | $ | 6,910 |  |  | $ | 6,968 |
The weighted average useful lives of our finite-lived intangible assets and remaining amortization periods as of November 29, 2025 are as follows:
|  | Useful Life in Years |  |  | Remaining Amortization Period in Years |
Customer relationships |  |  | 9 |  |  |  | 1.1 |
Our trade name intangible asset at November 29, 2025 and November 30, 2024 is associated with Lane Venture. Because it is our intention to maintain and grow this brand, it is considered to be an indefinite-lived intangible asset. The amortization expense associated with finite-lived intangible assets during fiscal 2025, 2024 and 2023 was $58 each year and is included in selling, general and administrative expense in our consolidated statement of operations. All expense arising from the amortization of intangible assets is associated with our wholesale segment. Estimated future amortization expense for intangible assets that exist at November 29, 2025 is as follows:
Fiscal 2026 |  |  | 58 |
Fiscal 2027 |  |  | 4 |
Fiscal 2028 |  |  | - |
Fiscal 2029 |  |  | - |
Fiscal 2030 |  |  | - |
Total |  | $ | 62 |

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