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Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Feb. 25, 2012	Mar. 31, 2012
Entity Information
Entity Registrant Name	BASSETT FURNITURE INDUSTRIES INC
Entity Central Index Key	0000010329
Current Fiscal Year End Date	--11-24
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding		11,260,813
Document Information
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Feb. 25, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q1

Condensed Consolidated Statements of Operations and Retained Earnings (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Feb. 25, 2012	Feb. 26, 2011
Net sales	$ 60,968	$ 64,264
Cost of sales	29,297	32,416
Gross profit	31,671	31,848
Selling, general and administrative expenses excluding bad debt and notes receivable valuation charges	30,996	30,508
Bad debt and notes receivable valuation charges	32	6,826
Restructuring and asset impairment charges	236	879
Lease exit costs	228	884
Income (loss) from operations	179	(7,249)
Other loss, net	(1,247)	(959)
Loss before income taxes	(1,068)	(8,208)
Income tax benefit (expense)	472	(47)
Net loss	(596)	(8,255)
Retained earnings-beginning of period	96,331	48,459
Purchase and retirement of common stock	(78)
Cash dividends	(563)
Retained earnings-end of period	$ 95,094	$ 40,204
Basic and diluted loss per share	$ (0.05)	$ (0.72)
Dividends per share	$ 0.05

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 25, 2012	Nov. 26, 2011
Current assets
Cash and cash equivalents	$ 61,089	$ 69,601
Accounts receivable, net	13,830	14,756
Marketable securities	3,010	2,939
Inventories	46,059	45,129
Other current assets	6,808	7,778
Total current assets	130,796	140,203
Property and equipment
Cost	142,549	143,824
Less accumulated depreciation	92,046	93,878
Property and equipment, net	50,503	49,946
Investments		806
Retail real estate	16,128	16,257
Notes receivable, net	1,792	1,802
Other	13,992	14,160
Total long-term assets	31,912	33,025
Total assets	213,211	223,174
Current liabilities
Accounts payable	15,763	18,821
Accrued compensation and benefits	6,972	7,201
Customer deposits	10,776	9,238
Dividends payable	563	6,063
Other accrued liabilities	10,210	10,302
Current portion of real estate notes payable	205	202
Total current liabilities	44,489	51,827
Long-term liabilities
Post employment benefit obligations	11,118	11,226
Real estate notes payable	3,610	3,662
Other long-term liabilities	3,625	4,024
Total long-term liabilities	18,353	18,912
Stockholders' equity
Common stock	56,332	56,712
Retained earnings	95,094	96,331
Accumulated other comprehensive loss	(1,057)	(608)
Total stockholders' equity	150,369	152,435
Total liabilities and stockholders' equity	$ 213,211	$ 223,174

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Feb. 25, 2012	Feb. 26, 2011
Operating activities:
Net loss	$ (596)	$ (8,255)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,316	1,465
Equity in undistributed income of investments and unconsolidated affiliated companies	(16)	(940)
Provision for restructuring and asset impairment charges	236	879
Non-cash portion of lease exit costs	228	884
Provision for lease and loan guarantees	(13)	1,282
Bad debt and notes receivable valuation charges	32	6,826
Gain on mortgage settlements		(436)
Other than temporary impairment on investments	806
Other, net	(340)	322
Changes in operating assets and liabilities
Accounts receivable	894	370
Inventories	(930)	1,988
Other current assets	(439)	760
Accounts payable and accrued liabilities	(2,472)	(8,905)
Net cash used in operating activities	(1,294)	(3,760)
Investing activities:
Purchases of property and equipment	(1,918)	(486)
Proceeds from sales of property and equipment	5	26
Proceeds from sale of affiliate	1,410
Proceeds from sales of investments	398	1,369
Purchases of investments	(396)	(1,369)
Net cash received on notes	2	40
Net cash used in investing activities	(499)	(420)
Financing activities:
Repayments of real estate notes payable	(49)	(223)
Issuance of common stock	39	35
Repurchases of common stock	(646)
Cash dividends	(6,063)
Payments on other notes		(362)
Net cash used in financing activities	(6,719)	(550)
Change in cash and cash equivalents	(8,512)	(4,730)
Cash and cash equivalents - beginning of period	69,601	11,071
Cash and cash equivalents - end of period	$ 61,089	$ 6,341

Note 1 - Basis of Presentation	3 Months Ended
Note 1 - Basis of Presentation	Feb. 25, 2012
Notes To Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete financial statements. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. References to “ASC” included hereinafter refer to the Accounting Standards Codification established by the Financial Accounting Standards Board as the source of authoritative GAAP. The condensed consolidated financial statements include the accounts of Bassett Furniture Industries, Incorporated (“Bassett”, “we”, “our”, or the “Company”) and our wholly-owned subsidiaries of which we have operating control. The equity method of accounting is used for our investments in affiliated companies in which we exercise significant influence but do not maintain control. In accordance with ASC Topic 810, we have evaluated our licensees and certain other entities to determine whether they are variable interest entities (“VIEs”) of which we are the primary beneficiary and thus would require consolidation in our financial statements. To date we have concluded that none of our licensees nor any other of our counterparties represent VIEs.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

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-Name Accounting Research Bulletin (ARB)
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+ Details

Note 2 - Interim Financial Presentation	3 Months Ended
Note 2 - Interim Financial Presentation	Feb. 25, 2012
Notes To Financial Statements
Income Tax Disclosure [Text Block]	2. Interim Financial Presentation All intercompany accounts and transactions have been eliminated in the condensed consolidated financial statements. The results of operations for the three months ended February 25, 2012 are not necessarily indicative of results for the fiscal year. These interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended November 26, 2011. We calculate an anticipated effective tax rate for the year based on our annual estimates of pretax income or loss and use that effective tax rate to record our year-to-date income tax provision. Any change in annual projections of pretax income or loss could have a significant impact on our effective tax rate for the respective quarter. Due to the losses incurred prior to fiscal 2011, we remained in a cumulative loss position for the preceding three years which is considered significant negative evidence as to whether our deferred tax assets will be realized. While our long-term financial outlook remains positive, we concluded that our ability to rely on our long-term outlook and forecasts as to future taxable income was limited due to uncertainty created by the weight of the negative evidence. As a result, we recorded a valuation allowance on certain of the deferred tax assets. In fiscal 2011, due to the gain recognized on the sale of our interest in International Home Furnishings Center, Inc. ("IHFC"), we were able to utilize net operating loss carryforwards and credits to significantly offset the taxable gain, resulting in a significant reduction of the valuation allowance. However, as the gain on the sale of IHFC does not represent a source of recurring future taxable income, we have continued to record a valuation allowance against substantially all of our deferred tax assets as of November 26, 2011. For the three months ended February 25, 2012 we recognized a tax benefit for a reduction of tax effects on our other comprehensive income, partially offset by the accrual of income taxes to be paid for certain states and the accrual of penalties and interest associated with certain unrecognized tax benefits. For the three months ended February 26, 2011, no tax benefits on the losses generated were recorded since we remained in a cumulative loss position, with the recorded expense representing the accrual of income taxes to be paid for certain states and the accrual of penalties and interest associated with certain unrecognized tax benefits.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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-Number 210
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-Article 4

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-Number 109
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+ Details

Note 3 - Revenue Recognition

3 Months Ended

Feb. 25, 2012

Notes To Financial Statements

Significant Accounting Policies [Text Block]

3. Revenue Recognition

Revenue is recognized when the risks and rewards of ownership and title to the product have transferred to the buyer. This occurs upon the shipment of goods to independent dealers or, in the case of Company-owned retail stores, upon delivery to the customer.

Staff Accounting Bulletin No. 104, Revenue Recognition (“SAB 104”) outlines the four basic criteria for recognizing revenue as follows: (1) persuasive evidence of an arrangement exists, (2) delivery has occurred or services have been rendered, (3) the seller’s price to the buyer is fixed or determinable, and (4) collectibility is reasonably assured. SAB 104 further asserts that if collectibility of all or a portion of the revenue is not reasonably assured, revenue recognition should be deferred until payment is received. Currently, there are no dealers from whom revenue is being recognized on a cost recovery basis, and there were no reductions of gross accounts receivable related to cost recovery revenue deferrals at February 25, 2012 or November 26, 2011. The following table details the total revenue and cost deferred for each period presented:

	Quarter Ended
	February 25, 2012		February 26, 2011
Revenue deferred	$	-	$	1,257
Cost deferred		-		880

Note 4 - Accounts Receivable

3 Months Ended

Feb. 25, 2012

Notes To Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

4. Accounts Receivable

Accounts receivable consists of the following:

	February 25, 2012			November 26, 2011
Gross accounts receivable	$	15,912		$	16,848
Allowance for doubtful accounts		(2,082	)		(2,092	)
Net accounts receivable	$	13,830		$	14,756

At February 25, 2012 and November 26, 2011, approximately 69% and 67%, respectively, of gross accounts receivable, and approximately 83% and 79%, respectively, of the allowance for doubtful accounts were attributable to amounts owed to us by our licensees. Our remaining receivables are due from national account customers and traditional distribution channel customers.

Activity in the allowance for doubtful accounts was as follows:

Balance at November 26, 2011	$	2,092
Additions charged to expense		32
Write-offs and other deductions		(42	)
Balance at February 25, 2012	$	2,082

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 14.

- Definition

The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 3, 4
-Article 5

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+ Details

Note 5 - Inventories

3 Months Ended

Feb. 25, 2012

Notes To Financial Statements

Inventory Disclosure [Text Block]

5. Inventories

Inventories are valued at the lower of cost or market. Cost is determined for domestic furniture inventories using the last-in, first-out (LIFO) method. The costs for imported inventories are determined using the first-in, first-out (FIFO) method.

Inventories were comprised of the following:

	February 25, 2012			November 26, 2011
Wholesale finished goods	$	26,542		$	26,873
Work in process		338			222
Raw materials and supplies		6,075			5,660
Retail merchandise		21,527			20,504
Total inventories on first-in, first-out method		54,482			53,259
LIFO adjustment		(7,372	)		(6,955	)
Reserve for excess and obsolete inventory		(1,051	)		(1,175	)
	$	46,059		$	45,129

We estimate an inventory reserve for excess quantities and obsolete items based on specific identification and historical write-offs, taking into account future demand, market conditions and the respective valuations at LIFO. The need for these reserves is primarily driven by the normal product life cycle. As products mature and sales volumes decline, we rationalize our product offerings to respond to consumer tastes and keep our product lines fresh. If actual demand or market conditions in the future are less favorable than those estimated, additional inventory write-downs may be required. In determining reserves, we calculate separate reserves on our wholesale and retail inventories. Our wholesale inventories tend to carry the majority of the reserves for excess quantities and obsolete inventory due to the nature of our distribution model. These wholesale reserves primarily represent design and/or style obsolescence. Typically, product is not shipped to our retail warehouses until a consumer has ordered and paid a deposit for the product. We do not typically hold retail inventory for stock purposes. Consequently, floor sample inventory and inventory for delivery to customers account for the majority of our inventory at retail. Retail reserves are based on accessory and clearance floor sample inventory in our stores and any inventory that is not associated with a specific customer order in our retail warehouses.

Activity in the reserves for excess quantities and obsolete inventory by segment are as follows:

	Wholesale Segment			Retail Segment			Total

Balance at November 26, 2011	$	987		$	188		$	1,175
Additions charged to expense		366			27			393
Write-offs		(399	)		(118	)		(517	)
Balance at February 25, 2012	$	954		$	97		$	1,051

Our estimates and assumptions have been reasonably accurate in the past. We have not made any significant changes to our methodology for determining inventory reserves in 2012 and do not anticipate that our methodology is likely to change in the future. A plus or minus 10% change in our inventory reserves would not have been material to our financial statements for the periods presented.

Note 6 - Notes Receivable

3 Months Ended

Feb. 25, 2012

Notes To Financial Statements

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

6. Notes Receivable

Our notes receivable consist of the following:

	Feburary 25, 2012			November 26, 2011
Notes receivable	$	6,007		$	6,017
Allowance for doubtful accounts and discounts on notes receivable		(4,140	)		(4,140	)
Notes receivable, net		1,867			1,877
Less: current portion of notes receivable		(75	)		(75	)
Long term notes receivable	$	1,792		$	1,802

Our notes receivable, which bear interest at rates ranging from 2% to 6%, consist primarily of amounts due from our licensees from loans made by the Company to help licensees fund their operations. Approximately 43% of our notes receivable represent conversions of past due accounts receivable at February 25, 2012 and November 26, 2011. We have discontinued these conversions and have no plans to resume this practice. At the inception of the note receivable , we determined whether the note carried a market rate of interest. A discount on the note was recorded if we determined that the note carried an interest rate below the market rate. Interest income on the notes is recognized on a cash basis and is not material.

The initial carrying value of the notes receivable was determined using present value techniques which consider the fair market rate of interest based on the licensee’s risk profile and estimated cash flows to be received. The estimated fair value of our notes receivable portfolio was $1,867 at February 25, 2012 and $1,877 at November 26, 2011. The inputs into these fair value calculations 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 14.

Substantially all of our notes receivable comprise a single portfolio segment of financing receivables consisting of notes receivable from current and former licensees. These notes receivable are evaluated in three classes – those due from current licensees, those due from former licensees which are secured by real estate, and those due from former licensees which are unsecured. On a quarterly basis, we examine these notes receivable for evidence of impairment. With respect to current licensees, we consider factors such as licensee capitalization, projected operating performance, the viability of the market in which the licensee operates and the licensee’s operating history, including our cash receipts from the licensee, licensee sales and any underlying collateral. Our evaluation of former licensees is primarily based upon payment history and an evaluation of the underlying collateral. After considering these factors, should we believe that all or a portion of the expected cash flows attributable to the note receivable will not be received, we record an impairment charge on the note by estimating future cash flows and discounting them at the effective interest rate. Any difference between the estimated discounted cash flows and the carrying value of the note is recorded as an increase to the allowance for doubtful accounts. Notes receivable are charged off if they are deemed to be uncollectible with no recoverable collateral value. Each note within a class is evaluated individually using the criteria described above as applicable to its respective class.

These notes receivable, as well as our accounts receivable, are generally secured by the filing of security statements in accordance with the Uniform Commercial Code and/or real estate owned by the maker of the note and in some cases, personal guarantees by our licensees.

Our investment in notes receivable and related allowances, disaggregated by class, are as follows at February 25, 2012:

	Gross Notes Receivable		Allowance for Doubtful Accounts and Discounts			Notes Receivable Net

Due from current licensees	$	1,529	$	(1,529	)	$	-
Due from former licencees:
Secured by real estate		2,657		(975	)		1,682
Unsecured		1,636		(1,636	)		-
Other notes		185		-			185

Balance at February 25, 2012	$	6,007	$	(4,140	)	$	1,867

The notes receivable shown above by class include impaired notes and related allowances as of February 25, 2012 as follows:

	Gross Notes Receivable		Allowance for Doubtful Accounts and Discounts			Notes Receivable Net

Due from current licensees	$	1,529	$	(1,529	)	$	-
Due from former licencees:
Secured by real estate		1,558		(975	)		583
Unsecured		1,636		(1,636	)		-

Balance at February 25, 2012	$	4,723	$	(4,140	)	$	583

The average recorded investment in the impaired notes by class for the three months ended February 25, 2012 was as follows:

Due from current licensees	$	-
Due from former licencess:
Secured by real estate		583
Unsecured		-
Total average recorded investment in impaired loans	$	583

The aging of our investment in notes receivable by class, based on scheduled principal due dates, is as follows at February 25, 2012:

				30-90 Days		Over 90 Days
	Current			Past Due		Past Due			Total

Due from current licensees	$	1,379	(1)	$	12	$	138		$	1,529
Due from former licencees:
Secured by real estate		1,004			29		1,624	(2)		2,657
Unsecured		-			-		1,636	(2)		1,636
Other notes		185			-		-			185

Balance at February 25, 2012	$	2,568		$	41	$	3,398		$	6,007

(1) Current balance includes principal of $625 on notes which currently require payments of interest only.

(2) Balance over 90 days past due represents notes in default.

There has been no material change in our allowance for doubtful accounts and discounts for the three months ended February 25, 2012.

Note 7 - Unconsolidated Affiliated Companies

3 Months Ended

Feb. 25, 2012

Notes To Financial Statements

Equity Method Investments Disclosure [Text Block]

7. Unconsolidated Affiliated Companies

We own 49% of Zenith Freight Lines, LLC, (“Zenith”) which provides domestic transportation and warehousing services primarily to furniture manufacturers and distributors and also provides home delivery services to furniture retailers. We have contracted with Zenith to provide for substantially all of our domestic freight, transportation and warehousing needs for the wholesale business. In addition, Zenith provides home delivery services for several of our Company-owned retail stores. Our investment in Zenith was $6,152 and $6,137 at February 25, 2012 and November 26, 2011, respectively. We recorded the following income from Zenith in other loss, net in our condensed consolidated statements of operations and retained earnings:

	Quarter Ended
	February 25, 2012		February 26, 2011
Income	$	15	$	31
Dividends received		-		-

Prior to May 2, 2011 we owned a 46.9% interest in IHFC. On May 2, 2011 we sold our entire interest in IHFC, resulting in a one-time gain of $85,524 which was recognized during the second quarter of fiscal 2011. IHFC owned and leased out floor space in a showroom facility in High Point, North Carolina. Prior to the sale of our investment in IHFC, we accounted for the investment using the equity method since we did not maintain operating control of IHFC. We recorded income and received dividends from IHFC as follows:

	Quarter Ended
	February 25, 2012		February 26, 2011
Income	$	-	$	909
Dividends received		-		-

The income is included in other loss, net in our condensed consolidated statements of operations and retained earnings.

Summarized unaudited income statement information for IHFC for its first three months of fiscal 2011 is as follows:

Revenue	$	8,447
Operating income		5,303
Net income		1,941

In connection with the sale of IHFC, we acquired a minority equity stake in the buyer, International Market Centers, L.P. (“IMC”) in exchange for $1,000. IMC is majority owned by funds managed by Bain Capital Partners and a subsidiary of certain investment funds managed by Oaktree Capital Management, L.P. Our investment in IMC is accounted for using the cost method as we do not have significant influence over IMC.

- Definition

The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.

+ References + Details

Note 8 - Real Estate Notes Payable and Revolving Credit Facility

3 Months Ended

Feb. 25, 2012

Notes To Financial Statements

Debt Disclosure [Text Block]

8. Real Estate Notes Payable and Revolving Credit Facility

Real Estate Notes Payable

The real estate notes payable are summarized as follows:

	February 25, 2012			November 26, 2011
Real estate notes payable	$	3,815		$	3,864
Less:
Current portion of real estate notes payable		(205	)		(202	)
	$	3,610		$	3,662

Certain of our retail real estate properties have been financed through commercial mortgages with interest rates of 6.73% .These mortgages are collateralized by the respective properties with net book values totaling approximately $6,512 and $6,558 at February 25, 2012 and November 26, 2011, respectively. The current portion of these mortgages, $205 and $202 as of February 25, 2012 and November 26, 2011, respectively, has been included as a current liability in the accompanying condensed consolidated balance sheets. The long-term portion, $3,610 and $3,662 as of February 25, 2012 and November 26, 2011, respectively, is presented as real estate notes payable in the condensed consolidated balance sheets. At the end of the first quarter of 2011, we entered into Discounted Payoff Agreements (“DPOs”) with the lenders on two mortgages which were subsequently paid off during fiscal 2011. Under the terms of these DPOs the remaining balance owed was reduced, resulting in a $436 gain on the settlement of these mortgages. This gain is included in other income (loss), net, in our condensed consolidated statements of operations.

The fair value of these mortgages was $3,772 and $3,804 at February 25, 2012 and November 26, 2011, respectively. In determining the fair value we utilized current market interest rates for similar instruments. The inputs into these fair value calculations 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 14.

Bank Debt

On December 9, 2011, we entered into a new credit agreement with our bank which extends a $3,000 line of credit which is used primarily to back our outstanding letters of credit. This new credit facility contains covenants requiring us to maintain certain key financial ratios, however there is no requirement to pledge assets as collateral. We were in compliance with all covenants under the agreement and expect to remain in compliance for the foreseeable future.

At February 25, 2012 and November 26, 2011, we had $2,316 and $2,318, respectively, outstanding under standby letters of credit, leaving availability under the line of $684 and $682, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Note 9 - Comprehensive Income

3 Months Ended

Feb. 25, 2012

Notes To Financial Statements

Comprehensive Income (Loss) Note [Text Block]

9. Comprehensive Income

The following table provides a summary of total comprehensive income (loss):

	Quarter Ended
	February 25, 2012			February 26, 2011
Net loss	$	(596	)	$	(8,255	)

Other comprehensive income (loss):
Net change in unrealized holding gains and losses		54			(79	)
Amortization associated with SERP Plan		8			6
Changes in related deferred tax effects (see Note 2)		(511	)		-

Total comprehensive loss	$	(1,045	)	$	(8,328	)

The following table provides a summary of the changes in accumulated other comprehensive income (loss):

Balance at November 26, 2011	$	(608	)
Net change in unrealized holding gains and losses		54
Amortization associated with SERP Plan		8
Changes in related deferred tax effects (see Note 2)		(511	)

Balance at February 25, 2012	$	(1,057	)

- Definition

The entire disclosure for comprehensive income. Includes, but is not limited to, the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

+ References

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+ Details

Note 10 - Licensee Acquisitions

3 Months Ended

Feb. 25, 2012

Notes To Financial Statements

Business Combination Disclosure [Text Block]

10. Licensee Acquisitions

As we continually monitor business relationships with our licensees, we may determine from time to time that it is in our best interest to acquire a licensee’s operations in order to mitigate certain risks associated with the poor performance or potential failure of a licensee. Such risks include loss of receivables or underlying collateral, potential impairment of the value of our investments in real estate used by a licensee or exposure to contingent liabilities under lease guarantees, and potential harm to our market share and brand integrity within a licensee’s market. In addition, we are sometimes approached by a licensee to acquire all or certain stores operated by the licensee. We evaluate such opportunities considering, among other things, the viability of the market and our participation in the store real estate.

There were no acquisitions of retail stores from licensees during the three months ended February 25, 2012. During the three months ended February 26, 2011, we acquired three retail stores operated by a licensee in Virginia. These stores were acquired pursuant to a strict foreclosure and settlement agreement on the underlying assets subject to the terms of our security agreement with the licensee. These acquisitions were funded through the exchange of existing accounts receivable for the net assets acquired from the licensee.

These acquisitions were accounted for in accordance with ASC Topic 805, Business Combinations. The following table summarizes the net assets acquired and consideration given in the store acquisitions:

	Quarter Ended
	February 26, 2011
Net assets acquired:
Inventory	$	1,128
Property and equipment/other		522
Customer deposits and other accrued expenses		(1,150	)

Total net assets acquired	$	500

Consideration given:
Accounts receivable	$	500
Cash		-

Total consideration	$	500

The assets acquired and liabilities assumed were measured at fair value in accordance with ASC 805. Acquired inventory is valued at expected retail sales price less an allowance for direct selling costs and profit thereon. Acquired property and equipment are valued based upon our estimate of replacement cost less an allowance for age and condition at the time of acquisition. Customer deposits and accrued expenses are expected to be settled at face value within a short period following acquisition; therefore, face value is assumed to approximate fair value. The inputs into these fair value calculations 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 820, Fair Value Measurements and Disclosures. See Note 14.

Due to the level of settlements involved with these acquisitions and the related losses recognized, no goodwill was recognized in these store acquisitions. The pro forma impact of the acquisitions on current and prior periods is not presented as we believe it is impractical to do so. We were not able to compile what we believed to be complete, accurate and reliable accounting information to use as a basis for pro forma presentations without an unreasonable effort. Net sales and operating loss generated by these stores subsequent to their acquisition were as follows:

	Quarter Ended
	February 26, 2011
Net sales	$	367
Operating loss		9

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

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+ Details

Note 11 - Contingencies	3 Months Ended
Note 11 - Contingencies	Feb. 25, 2012
Notes To Financial Statements
Legal Matters and Contingencies [Text Block]	11. Contingencies We are involved in various legal and environmental matters, which arise in the normal course of business. Although the final outcome of these matters cannot be determined, based on the facts presently known, we believe that the final resolution of these matters will not have a material adverse effect on our financial position or future results of operations. We lease land and buildings that are used in the operation of our Company-owned retail stores as well as in the operation of certain of our licensee-owned stores. We had obligations of $69,257 and $73,249 at February 25, 2012 and November 26, 2011, respectively, for future minimum lease payments under non-cancelable operating leases having initial terms in excess of one year. We also have guaranteed certain lease obligations of licensee operators. Lease guarantees range from one to ten years. We were contingently liable under licensee lease obligation guarantees in the amount of $2,316 and $2,515 at February 25, 2012 and November 26, 2011, respectively. We have also guaranteed loans to certain of our licensees to finance initial inventory packages and other operating requirements for those stores. These loans generally have three year terms. The total contingent liabilities with respect to these loan guarantees as of February 25, 2012 and November 26, 2011 were $95 and $186, respectively. In the event of default by an independent dealer under the guaranteed lease or loan, we believe that the risk of loss is mitigated through a combination of options that include, but are not limited to, arranging for a replacement dealer, liquidating the collateral (primarily inventory), and pursuing payment under the personal guarantees of the independent dealer. The proceeds of the above options are expected to cover the estimated amount of our future payments under the guarantee obligations, net of recorded reserves. The fair value of lease and loan guarantees (an estimate of the cost to the Company to perform on these guarantees) at February 25, 2012 and November 26, 2011 was $388 and $508, respectively, and is recorded in other accrued liabilities and other long-term liabilities in the accompanying condensed consolidated balance sheets. The inputs into these fair value calculations 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 14. Subsequent Event Subsequent to February 25, 2012, we were informed by U.S. Customs and Border Protection (“Customs”) that they expect to make a series of distributions to us totalling approximately $9,000 representing our share of the final distribution of duties that have been withheld by Customs under the Continued Dumping and Subsidy Offset Act of 2000 (“CDSOA”). Customs expects to make this series of distributions over a period of several weeks beginning mid-April of 2012, however there is no legally binding deadline for them to do so by then. Moreover, if the United States Court of Appeals for the Federal Circuit were to reverse the decisions of the United States Court of International Trade which ordered the release of the final distribution, it is possible that Customs may seek to have us return all or a portion of our share of the distributions.

Note 12 - Post-employment Benefit Obligations

3 Months Ended

Feb. 25, 2012

Notes To Financial Statements

Postemployment Benefits Disclosure [Text Block]

12. Post-Employment Benefit Obligations

We have an unfunded Supplemental Retirement Income Plan (the “Supplemental Plan”) that covers one current and certain former executives. The liability for this plan was $9,268 and $9,326 as of February 25, 2012 and November 26, 2011, respectively, and is recorded as follows in the condensed consolidated balance sheets:

	February 25, 2012		November 26, 2011
Other accrued liabilities	$	866	$	866
Post employment benefit obligations		8,402		8,460

Total pension liability	$	9,268	$	9,326

Components of net periodic pension costs are as follows:

	Quarter Ended
	February 25, 2012		February 26, 2011
Service cost	$	13	$	12
Interest cost		94		105
Amortization of transition obligation		11		11

Net periodic pension cost	$	118	$	128

We have an unfunded Deferred Compensation Plan that covers one current executive and certain former executives and provides for voluntary deferral of compensation. This plan has been frozen with no additional participants or deferrals permitted. We recognized expense of $78 and $83 for the quarters ended February 25, 2012 and February 26, 2011 respectively. Our liability under this plan was $2,716 and $2,766 as of February 25, 2012 and November 26, 2011, respectively, and is reflected in post employment benefit obligations.

Note 13 - Earnings Per Share

3 Months Ended

Feb. 25, 2012

Notes To Financial Statements

Earnings Per Share [Text Block]

13. Earnings Per Share

The following reconciles basic and diluted loss per share:

	Net Loss			Weighted Average Shares		Net Loss Per Share
For the quarter ended February 25, 2012:

Basic loss per share	$	(596	)		11,159,980	$	(0.05	)
Add effect of dilutive securities:
Options and restricted shares*		-			-		-
Diluted loss per share	$	(596	)		11,159,980	$	(0.05	)

For the quarter ended February 26, 2011:

Basic loss per share	$	(8,255	)		11,504,452	$	(0.72	)
Add effect of dilutive securities:
Options and restricted shares *		-			-		-
Diluted loss per share	$	(8,255	)		11,504,452	$	(0.72	)

* Due to the net loss, the potentially dilutive securities would have been anti-dilutive and are therefore excluded.

Options to purchase 875,500 and 1,009,514 shares of common stock at February 25, 2012 and February 26, 2011, respectively, were excluded from the computation as their effect is anti-dilutive.

Note 14 - Financial Instruments and Fair Value Measurements

3 Months Ended

Feb. 25, 2012

Notes To Financial Statements

Fair Value Disclosures [Text Block]

14. Financial Instruments and Fair Value Measurements

Our financial instruments include cash and cash equivalents, accounts receivable, notes receivable, investment securities, cost and equity method investments, accounts payable, loan and lease guarantees, and long-term debt. Because of their short maturity, the carrying amounts of cash and cash equivalents, accounts receivable, and accounts payable approximate fair value. Our cost and equity method investments generally involve entities for which it is not practical to determine fair values.

We classify our marketable securities as available-for-sale, which are reported at fair value. Unrealized holding gains and losses, net of the related income tax effect, on available-for-sale securities are excluded from income and are reported as other comprehensive income in stockholders’ equity. Realized gains and losses from securities classified as available-for-sale are included in income. We measure the fair value of our marketable securities based on quoted prices for identical securities in active markets in accordance with ASC Topic 820, Fair Value Measurements and Disclosures. As of February 25, 2012, available-for-sale securities consisted of the following:

	Cost		Gross Unrealized					Market
	Basis		Gains		Losses			Value

Bond mutual fund shares	$	1,249	$	213	$	-		$	1,462
Government agency obligations		979		41		-			1,020
US Treasury obligations		516		13		(1	)		528
	$	2,744	$	267	$	(1	)	$	3,010

As of November 26, 2011, available-for-sale securities consisted of the following:

	Cost		Gross Unrealized					Market
	Basis		Gains		Losses			Value

Bond mutual fund shares	$	1,175	$	149	$	(4	)	$	1,320
Government agency obligations		908		38		-			946
US Treasury obligations		648		26		(1	)		673
	$	2,731	$	213	$	(5	)	$	2,939

The realized earnings from our marketable securities portfolio include realized gains and losses, based upon specific identification, and dividend and interest income. Realized earnings were $55 and $81 for the three months ended February 25, 2012 and February 26, 2011, respectively. Realized earnings for the three months ended February 25, 2012 and February 26, 2011 include $16 and $27, respectively, of gains previously recorded in other comprehensive income. These amounts are recorded in other income (loss), net in our condensed consolidated statements of operations and retained earnings. Of the $1,548 in fixed income securities at February 25, 2012, $323 matures in less than five years with the remainder being long-term and maturing in greater than 20 years.

In accordance with ASC Topic 320, Investments – Debt and Equity Securities, we review our marketable securities to determine whether a decline in fair value of a security below the cost basis is other than temporary. Should the decline be considered other than temporary, we write down the cost basis of the security and include the loss in current earnings as opposed to an unrealized holding loss. No losses for other than temporary impairments in our marketable securities portfolio were recognized during the three months ended February 25, 2012 or February 26, 2011.

The Company accounts for items measured at fair value in accordance with ASC Topic 820, Fair Value Measurements and Disclosures. ASC 820’s valuation techniques are based on observable and unobservable inputs. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect our market assumptions. ASC 820 classifies these inputs into the following hierarchy:

Level 1 Inputs– Quoted prices for identical instruments in active markets.

Level 2 Inputs– Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

Level 3 Inputs– Instruments with primarily unobservable value drivers.

Our investment in the Fortress Value Recovery Fund I, LLC (“Fortress”) is valued at fair value primarily based on the net asset values which are determined by the fund manager, less a discount for illiquidity. Due to significant declines in net asset values during the first quarter of 2012, the highly illiquid nature of the investment, and the high degree of uncertainty regarding our ability to recover our investment in the foreseeable future, we have fully impaired the carrying amount of this investment resulting in a charge of $806 during the three months ended February 25, 2012, which is included in other income (loss), net, in the condensed consolidated statements of operations and retained earnings.

The fair values of our marketable securities and our investment in Fortress based on the level of inputs are summarized below:

	Level 1		Level 2		Level 3		Fair Value
Assets
Marketable securities	$	3,010	$	-	$	-	$	3,010
Total Assets	$	3,010	$	-	$	-	$	3,010

The changes to the assets measured at fair value on a recurring basis which use Level 3 or significant unobservable inputs for the three months ended February 25, 2012 were as follows:

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3 Inputs)

	Investment in Fortress

Balance at November 26, 2011	$	806

Total losses included in earnings related to change in underlying net assets		(806	)
Balance February 25, 2012	$	-

The carrying values and approximate fair values of certain financial instruments were as follows:

	February 25, 2012				November 26, 2011
	Carrying		Fair		Carrying		Fair
	value		value		value		value
Assets:
Cash and cash equivalents	$	61,089	$	61,089	$	69,601	$	69,601
Accounts receivable, net		13,830		13,830		14,756		14,756
Notes receivable, net		1,867		1,867		1,877		1,877
Investments		3,010		3,010		3,745		3,745

Liabilities:
Accounts payable	$	15,763		15,763	$	18,821	$	18,821
Real estate notes payable		3,815		3,772		3,864		3,804
Lease/loan guarantee reserves		388		388		508		508

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

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-Name Statement of Financial Accounting Standard (FAS)
-Number 133
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+ Details

Note 15 - Restructuring, Asset Impairment, and Other Charges

3 Months Ended

Feb. 25, 2012

Notes To Financial Statements

Restructuring, Impairment, and Other Activities Disclosure [Text Block]

15. Restructuring, Asset Impairment, and Other Charges

During the three months ended February 25, 2012 and February 26, 2011, we incurred the following charges included in income (loss) from operations:

	Quarter Ended
	February 25, 2012		February 26, 2011

Restructuring and asset impairment charges:
Write-downs and demolition costs related to idle manufacturing facilities	$	113	$	-
Asset write-downs related to Company-owned retail store closures		123		879

Total restructuring and asset impairment charges	$	236	$	879

Lease exit costs:
Lease exit costs related to Company-owned retail store closures	$	228	$	884

Total lease exit costs	$	228	$	884

Total charges related to restructuring, asset impairment, and lease exit costs included in loss from operations	$	464	$	1,763

Restructuring and Asset Impairment Charges

During the three months ended February 25, 2012, we incurred costs of $113 associated with the demolition of a previously closed manufacturing facility in Bassett, Virginia, and non-cash charges of $123 associated with the write off of abandoned leasehold improvements following the relocation of a retail store near Richmond, Virginia.

During the three months ended February 26, 2011, we recorded non-cash asset impairment charges of $879 for the write-off of leasehold improvements and other assets due to the closure of five retail locations in Bear, Delaware, Bel Air, Maryland, Carol Stream, Illinois, Frederick, Maryland, and Spanish Fort, Alabama.

The determination of amount of asset impairments recognized involves making estimates of the fair value of the impaired assets. 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 14.

Lease Exit Costs

During the three months ended February 25, 2012, we incurred non-cash charges of $228 for lease exit costs associated with the relocation of a retail store near Richmond, Virginia.

During the three months ended February 26, 2011, we recorded non-cash charges of $884 for lease exit costs associated with the closure of the Bel Air and Frederick, Maryland stores as well as a previously closed location in Lewisville, Texas.

The following table summarizes the activity related to our accrued lease exit costs:

Balance at November 26, 2011	$	4,358

Provisions associated with Company-owned retail store closures		228
Provisions made to adjust previous estimates		38
Payments on unexpired leases		(541	)
Accretion of interest on obligations		44

Balance at February 25, 2012	$	4,127

Current portion included in other accrued liabilities	$	1,893
Long-term portion included in other long-term liabilities		2,234
	$	4,127

Note 16 - Recent Accounting Pronouncements	3 Months Ended
Note 16 - Recent Accounting Pronouncements	Feb. 25, 2012
Notes To Financial Statements
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	16. Recent Accounting Pronouncements In December 2010, the FASB issued ASU No. 2010-29, which updates the guidance in ASC Topic 805, Business Combinations. The objective of ASU 2010-29 is to address diversity in practice about the interpretation of the pro forma revenue and earnings disclosure requirements for business combinations. The amendments in ASU 2010-29 specify that if a public entity presents comparative financial statements, the entity should disclose revenue and earnings of the combined entity as though the business combination(s) that occurred during the current year had occurred as of the beginning of the comparable prior annual reporting period only. The amendments also expand the supplemental pro forma disclosures to include a description of the nature and amount of material, nonrecurring pro forma adjustments directly attributable to the business combination included in the reported pro forma revenue and earnings. The amendments affect any public entity as defined by ASC 805 that enters into business combinations that are material on an individual or aggregate basis. This guidance became effective for us for acquisitions occurring on or after the beginning of our 2012 fiscal year. The adoption of this guidance has not had and is not expected to have a material impact upon our financial position or results of operations. In May 2011, the FASB issued ASU No. 2011-04, which updated the guidance in ASC Topic 820, Fair Value Measurement. The amendments in this Update generally represent clarifications of Topic 820, but also include some instances where a particular principle or requirement for measuring fair value or disclosing information about fair value measurements has changed. This Update results in common principles and requirements for measuring fair value and for disclosing information about fair value measurements in accordance with U.S. GAAP and International Financial Reporting Standards. The amendments in this Update are to be applied prospectively. For public entities, the amendments are effective during interim and annual periods beginning after December 15, 2011, and early application is not permitted. This guidance will become effective for us as of the beginning of our second quarter of fiscal 2012.The adoption of this guidance is not expected to have a material impact on our financial position or results of operations. In June 2011, the FASB issued ASU No. 2011-05, which updated the guidance in ASC Topic 220, Comprehensive Income. Under the amendments in this Update, an entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. This Update eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity. The amendments in this Update do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. The amendments in this Update should be applied retrospectively. For public entities, the amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011, and early application is permitted. In December of 2011, the FASB issued ASU No. 2011-12, which defers only those provisions within ASU 2011-05 pertaining to reclassification adjustments out of accumulated other comprehensive income. This guidance, except for those provisions deferred by ASU 2011-12, will become effective for us as of the beginning of our 2013 fiscal year. The adoption of this guidance will not have an impact on our financial position or results of operations. In December 2011, the FASB issued ASU No. 2011-11, which updated the guidance in ASC Topic 210, Balance Sheet. The amendments in this Update require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The scope of this amendment would include derivatives, sale and repurchase agreements and reverse sale and repurchase agreements, and securities borrowing and securities lending arrangements. The amendments in this Update will become effective for us as of the beginning of our 2014 fiscal year. The adoption of this guidance is not expected to have a material impact on our financial position or results of operations.

Note 17 - Segment Information

3 Months Ended

Feb. 25, 2012

Notes To Financial Statements

Segment Reporting Disclosure [Text Block]

17. Segment Information

We have strategically aligned our business into three reportable segments: Wholesale, Retail and Investments/Real Estate. The wholesale home furnishings segment is involved principally in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores (licensee-owned stores and Company-owned retail stores) and independent furniture retailers. Our wholesale segment includes our wood and upholstery operations as well as all corporate selling, general and administrative expenses, including those corporate expenses related to both Company- and licensee-owned stores. We eliminate the sales between our wholesale and retail segments as well as the imbedded profit in the retail inventory for the consolidated presentation in our financial statements.

Our retail segment consists of Company-owned stores. Our retail segment includes the revenues, expenses, assets and liabilities (including real estate) and capital expenditures directly related to these stores.

Our investments/real estate segment consists of our investments and retail real estate related to licensee stores. Although this segment does not have operating earnings, income or loss from the segment is included in other income (loss), net, in our condensed consolidated statements of operations and retained earnings. Our entire investment in IHFC was sold during the second quarter of 2011. See Note 7 for further discussion of IHFC.

Inter-company net sales elimination represents the elimination of wholesale sales to our Company-owned stores. Inter-company income elimination represents the embedded wholesale profit in the Company-owned store inventory that has not been realized. These profits will be recorded when merchandise is delivered to the end retail consumer.

The following table presents our segment information:

	Quarter Ended
	February 25, 2012			February 26, 2011
Net Sales
Wholesale	$	42,611		$	45,969
Retail		38,816			36,980
Inter-company elimination		(20,459	)		(18,685	)
Consolidated	$	60,968		$	64,264

Income (loss) from Operations
Wholesale	$	1,831		$	(3,891	)
Retail		(999	)		(1,792	)
Inter-company elimination		(189	)		197
Restructuring and asset impairment charges		(236	)		(879	)
Lease exit costs		(228	)		(884	)
Consolidated	$	179		$	(7,249	)

Depreciation and Amortization
Wholesale	$	281		$	340
Retail		896			854
Investments/real estate		139			271
Consolidated	$	1,316		$	1,465

Capital Expenditures
Wholesale	$	393		$	62
Retail		1,515			424
Investments & real estate		10			-
Consolidated	$	1,918		$	486

Identifiable Assets	As of February 25, 2012			As of November 26, 2011
Wholesale	$	132,151		$	142,361
Retail		61,922			60,811
Investments/real estate		19,138			20,002
Consolidated	$	213,211		$	223,174

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details