v3.3.1.900

Income Taxes (Tables)

12 Months Ended

Nov. 28, 2015

Income Tax Disclosure [Abstract]

Summary of income tax contingencies

The following is a reconciliation of the beginning and ending amount of gross unrecognized tax benefits for uncertain tax positions, including positions which impact only the timing of tax benefits for the years ended November 30, 2015, 2014 and 2013.

	2015				2014				2013
Unrecognized tax benefits at December 1,	$	2,487			$	2,155			$	2,209
Additions for current period tax positions	388				465				668
Additions related to acquired tax positions	1,052				—				—
Additions for prior period tax positions	321				40				—
Reductions for prior period tax positions	—				—				(40		)
Reductions for lapse of statute of limitations/settlements	(401		)		(240		)		(431		)
Changes in interest and penalties	12				67				(251		)
Unrecognized tax benefits at November 30,	$	3,859			$	2,487			$	2,155

Schedule of provisions for income taxes

The provision for income taxes consisted of:

	2015				2014				2013
Current:
Federal	$	51,116			$	56,764			$	34,414
State	5,515				4,760				2,918
Foreign	10,209				10,112				9,096
Deferred:
Federal	(1,923		)		(4,102		)		8,676
State	(1,051		)		(359		)		(165		)
Foreign	(814		)		205				1,011
	$	63,052			$	67,380			$	55,950

Schedule of earnings before income taxes and noncontrolling interests

Earnings before income taxes and noncontrolling interests included the following components:

	2015				2014				2013
Domestic income	$	160,287			$	166,101			$	141,224
Foreign income	37,678				45,462				33,076
	$	197,965			$	211,563			$	174,300

Schedule of effective tax rate breakdown

The provision for income taxes resulted in effective tax rates that differ from the statutory federal income tax rates.  The reasons for these differences are as follows:

	Percent of Pre-Tax Earnings
	2015			2014			2013
Statutory U.S. tax rates	35.0	%		35.0	%		35.0	%
State income taxes, net of federal benefit	1.3			1.3			1.0
Tax credits	(0.7	)		(0.2	)		(0.6	)
Foreign taxes at different rates, net of credits	(1.9	)		(2.3	)		(1.6	)
Domestic production activities deduction	(2.8	)		(2.7	)		(2.2	)
Other, net	1.0			0.7			0.5
	31.9	%		31.8	%		32.1	%

Components of net deferred tax liabilities

The components of the net deferred tax liability as of November 30, 2015 and 2014 were as follows:

	2015				2014
Deferred tax assets:
Deferred compensation	$	11,294			$	9,074
Loss carryforward and tax credit items	30,507				19,620
Accounts receivable	7,842				6,538
Inventories	6,390				5,484
Pensions	9,619				10,019
Accrued liabilities and other	7,427				6,999
Valuation allowance	(10,855		)		(1,268		)
Total deferred tax assets, net	62,224				56,466
Deferred tax liabilities:
Percentage of completion	(1,866		)		(740		)
Plant assets	(22,615		)		(24,818		)
Goodwill and acquired intangible assets	(98,713		)		(97,179		)
Other deferred tax liabilities	(287		)		(230		)
Total deferred tax liabilities	(123,481		)		(122,967		)
Deferred tax liability, net	$	(61,257	)		$	(66,501	)

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration