v3.25.4
Note 4 - Accounts Receivable
12 Months Ended
Nov. 29, 2025
Notes to Financial Statements  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

4.

Accounts Receivable

 

Accounts receivable consist of the following:

 

    November 29, 2025     November 30, 2024  

Gross accounts receivable

  $ 14,839     $ 14,278  

Allowance for credit losses

    (429 )     (1,097 )

Net accounts receivable

  $ 14,410     $ 13,181  

 

Activity in the allowance for credit losses was as follows:

 

   

2025

   

2024

   

2023

 
                         

Balance, beginning of the year

  $ 1,097     $ 535     $ 1,261  

Additions (recoveries) charged to expense

    (62 )     624       219  

Reductions to allowance, net

    (606 )     (62 )     (945 )

Balance, end of the year

  $ 429     $ 1,097     $ 535  

 

Substantially all of the accounts receivable written off against the reserve during the year ended November 29, 2025 orginated during fiscal 2024.

 

We believe that the carrying value of our net accounts receivable approximates fair value. The inputs into these fair value estimates reflect our market assumptions and are not observable. Consequently, the inputs are considered to be Level 3 as specified in the fair value hierarchy in ASC Topic 820, Fair Value Measurements and Disclosures. See Note 3.