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Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Aug. 25, 2012	Sep. 30, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	BASSETT FURNITURE INDUSTRIES INC
Document Type	10-Q
Current Fiscal Year End Date	--11-24
Entity Common Stock, Shares Outstanding		10,892,037
Amendment Flag	false
Entity Central Index Key	0000010329
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Aug. 25, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3

Condensed Consolidated Statements of Income and Retained Earnings (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2012	Aug. 27, 2011	Aug. 25, 2012	Aug. 27, 2011
Net sales	$ 64,438	$ 59,417	$ 192,860	$ 189,942
Cost of sales	30,620	30,166	91,710	95,646
Gross profit	33,818	29,251	101,150	94,296
Selling, general and administrative expenses excluding bad debt and notes receivable valuation charges	32,891	29,267	97,099	90,653
Bad debt and notes receivable valuation charges	161	90	416	13,116
Licensee debt cancellation charges				6,447
Restructuring and asset impairment charges		123	711	2,082
Lease exit costs			359	3,728
Income (loss) from operations	766	(229)	2,565	(21,730)
Gain on sale of affiliate				85,542
Income from Continued Dumping & Subsidy Offset Act			9,010
Other income (loss), net	(315)	304	(2,239)	(5,470)
Income before income taxes	451	75	9,336	58,342
Income tax benefit (expense)	1,920	342	481	(3,633)
Net income	2,371	417	9,817	54,709
Retained earnings-beginning of period	102,417	102,403	96,331	48,459
Purchase and retirement of common stock	(2,282)	(544)	(2,515)	(544)
Cash dividends	(545)	(346)	(1,672)	(694)
Retained earnings-end of period	$ 101,961	$ 101,930	$ 101,961	$ 101,930
Basic earnings per share (in Dollars per share)	$ 0.22	$ 0.04	$ 0.89	$ 4.76
Diluted earnings per share (in Dollars per share)	0.21	0.04	0.88	4.72
Dividends per share (in Dollars per share)	$ 0.05	$ 0.03	$ 0.15	$ 0.06

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 25, 2012	Nov. 26, 2011
Current assets
Cash and cash equivalents	$ 57,967	$ 69,601
Accounts receivable, net	14,468	14,756
Marketable securities	3,206	2,939
Inventories	54,544	45,129
Other current assets	7,614	7,778
Total current assets	137,799	140,203
Property and equipment
Cost	148,608	143,824
Less accumulated depreciation	93,177	93,878
Property and equipment, net	55,431	49,946
Investments		806
Retail real estate	12,872	16,257
Notes receivable, net	1,703	1,802
Other	13,934	14,160
Total long-term assets	28,509	33,025
Total assets	221,739	223,174
Current liabilities
Accounts payable	19,170	18,821
Accrued compensation and benefits	6,692	7,201
Customer deposits	11,072	9,238
Dividends payable	545	6,063
Other accrued liabilities	11,938	10,302
Current portion of real estate notes payable	212	202
Total current liabilities	49,629	51,827
Long-term liabilities
Post employment benefit obligations	10,919	11,226
Real estate notes payable	3,502	3,662
Other long-term liabilities	2,293	4,024
Total long-term liabilities	16,714	18,912
Stockholders’ equity
Common stock	54,411	56,712
Retained earnings	101,961	96,331
Accumulated other comprehensive loss	(976)	(608)
Total stockholders' equity	155,396	152,435
Total liabilities and stockholders’ equity	$ 221,739	$ 223,174

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Aug. 25, 2012	Aug. 27, 2011
Operating activities:
Net income	$ 9,817	$ 54,709
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	3,931	4,150
Equity in undistributed income of investments and unconsolidated affiliated companies	(157)	(1,782)
Provision for restructuring and asset impairment charges	711	2,082
Non-cash portion of lease exit costs	359	2,228
Licensee debt cancelation charges		6,447
Provision for lease and loan guarantees	197	1,315
Bad debt and notes receivable valuation charges	416	13,116
Gain on mortgage settlements		(1,305)
Gain on sale of affilate		(85,542)
Other than temporary impairment on investments	806
Impairment and lease exit charges on retail real estate		4,790
Deferred income taxes	(658)	(111)
Other, net	1,042	343
Changes in operating assets and liabilities
Accounts receivable	(316)	746
Inventories	(8,948)	1,091
Other current assets	(1,122)	248
Accounts payable and accrued liabilities	853	(14,859)
Net cash provided by (used in) operating activities	6,931	(12,334)
Investing activities:
Purchases of property and equipment	(6,858)	(2,459)
Proceeds from sales of property and equipment	17	189
Proceeds from sale of affiliate	1,410	69,152
Release of collateral restrictions on cash equivalents		11,240
Proceeds from sales of investments	1,186	2,925
Purchases of investments	(1,303)	(2,925)
Dividends from affiliate		3,756
Equity contribution to affiliate		(980)
Acquisition of retail licensee store	(485)
Other, net	84	127
Net cash provided by (used in) investing activities	(5,949)	81,025
Financing activities:
Repayments of real estate notes payable	(149)	(6,375)
Issuance of common stock	295	136
Repurchases of common stock	(5,572)	(2,084)
Cash dividends	(7,190)	(348)
Payments on other notes		(2,202)
Net cash used in financing activities	(12,616)	(10,873)
Change in cash and cash equivalents	(11,634)	57,818
Cash and cash equivalents - beginning of period	69,601	11,071
Cash and cash equivalents - end of period	$ 57,967	$ 68,889

Note 1 - Basis of Presentation

9 Months Ended

Aug. 25, 2012

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.

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+ Details

Note 2 - Interim Financial Presentation

9 Months Ended

Aug. 25, 2012

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 and nine months ended August 25, 2012 are not necessarily indicative of results for the full 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 were 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”)(see Note 16), we were able to utilize net operating loss carry forwards 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 continued to carry a valuation allowance against substantially all of our deferred tax assets as of November 26, 2011. The effective tax rate for the quarter ended August 25, 2012 differs from the blended statutory rate of approximately 38% due to the impact of releasing a portion of the valuation allowance against our net deferred tax assets. The reduction in the valuation allowance was primarily due to favorable provision-to-return adjustments related to our 2011 Federal income tax return. These adjustments were related to changes in estimates for temporary differences which created additional tax benefit due to the resulting decline in our deferred tax asset balance and a corresponding decline in the valuation allowance. In addition, we also corrected an immaterial error in the current quarter to reduce our valuation allowance for certain deferred tax assets which we will be able to utilize during fiscal 2012 or 2013. We also released a portion of our reserve for uncertain tax positions due to the expiration of the statute of limitations which resulted in an additional benefit. The favorable impact of reducing our valuation allowance was partially offset by the accrual of penalties and interest associated with certain unrecognized tax benefits. For the nine months ended August 25, 2012, the effective rate differs from the blended statutory rate due to the release of a portion of the valuation allowance against our deferred taxes and the release of a portion of our reserve for uncertain tax benefits as noted above, as well as the recognition of a tax benefit for a reduction of tax effects on our other comprehensive income. For the three and nine months ended August 27, 2011, our effective tax rates differed significantly from the blended statutory rate of 38% primarily due to the reversal of the valuation allowance on certain deferred tax assets due to the utilization of net operating loss carryforwards and credits to significantly offset the taxable gain on the sale of IHFC.

- 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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+ Details

Note 3 - Revenue Recognition

9 Months Ended

Aug. 25, 2012

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) collectability is reasonably assured. SAB 104 further asserts that if collectability of all or a portion of the revenue is not reasonably assured, revenue recognition should be deferred until payment is received. When circumstances indicate that all four criteria will not be met for a particular dealer, we will account for revenue from that dealer on a cost recovery basis, deferring the recognition of revenue and cost of sales until such time as payment is received for a shipment of goods to the dealer. Currently, there are no dealers for 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 August 25, 2012 or November 26, 2011. The following table details the total revenue and cost deferred for each period presented:

The following table details the total revenue and cost deferred for each period presented:

	Quarter Ended				Nine Months Ended
	August 25, 2012		August 27, 2011		August 25, 2012		August 27, 2011
Revenue deferred	$	-	$	424	$	-	$	1,678
Cost deferred		-		297		-		1,175

Note 4 - Accounts Receivable

9 Months Ended

Aug. 25, 2012

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

4. Accounts Receivable

Accounts receivable consists of the following:

	August 25, 2012			November 26, 2011
Gross accounts receivable	$	16,711		$	16,848
Allowance for doubtful accounts		(2,243	)		(2,092	)
Accounts receivable, net	$	14,468		$	14,756

At August 25, 2012 and November 26, 2011, approximately 69% and 67%, respectively, of gross accounts receivable, and approximately 88% 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:

	2012

Balance at November 26, 2011	$	2,092
Additions charged to expense		417
Write-offs and other deductions		(266	)
Balance at August 25, 2012	$	2,243

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 entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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+ Details

Note 5 - Inventories

9 Months Ended

Aug. 25, 2012

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:

	August 25, 2012			November 26, 2011
Wholesale finished goods	$	31,261		$	26,873
Work in process		328			222
Raw materials and supplies		8,149			5,660
Retail merchandise		23,361			20,504
Total inventories on first-in, first-out method		63,099			53,259
LIFO adjustment		(7,449	)		(6,955	)
Reserve for excess and obsolete inventory		(1,106	)		(1,175	)
	$	54,544		$	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		866			251			1,117
Write-offs		(1,011	)		(175	)		(1,186	)
Balance at August 25, 2012	$	842		$	264		$	1,106

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

9 Months Ended

Aug. 25, 2012

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

6. Notes Receivable

Our notes receivable consist of the following:

	August 25, 2012			November 26, 2011
Notes receivable	$	5,917		$	6,017
Allowance for doubtful accounts and discounts on notes receivable		(4,139	)		(4,140	)
Notes receivable, net		1,778			1,877
Less: current portion of notes receivable		(75	)		(75	)
Long term notes receivable	$	1,703		$	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 44% of our notes receivable represent conversions of past due accounts receivable at August 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 $1,778 at August 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 of financing receivables 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 August 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		1,635		(1,635	)		-
Other notes		96		-			96

Balance at August 25, 2012	$	5,917	$	(4,139	)	$	1,778

The notes receivable shown above by class include impaired notes and related allowances as of August 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		1,635		(1,635	)		-

Balance at August 25, 2012	$	4,722	$	(4,139	)	$	583

The average recorded investment in the impaired notes by class for the nine months ended August 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 August 25, 2012:

	Current		30-90 Days Past Due		Over 90 Days Past Due (1)		Total

Due from current licensees	$	1,137	$	86	$	306	$	1,529
Due from former licencees:
Secured by real estate		947		29		1,681		2,657
Unsecured		-		-		1,635		1,635
Other notes		96		-		-		96

Balance at August 25, 2012	$	2,180	$	115	$	3,622	$	5,917

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

The change in our allowance for doubtful accounts and discounts for the nine months ended August 25, 2012 (disaggregated by class) was as follows:

			2012 Activity by Class
			Due from Former Licensees
	Due from Current Licensees		Secured by Real Estate		Unsecured			Other Notes		Total

Balance, November 26, 2011	$	1,529	$	975	$	1,636		$	-	$	4,140
Recovery credited to expense		-		-		(1	)		-		(1	)
Write-offs and other deductions		-		-		-			-		-
Amortization of discounts		-		-		-			-		-
Balance, August 25, 2012	$	1,529	$	975	$	1,635		$	-	$	4,139

We have ceased amortization of discounts as the notes to which they relate are on non-accrual status.

Note 7 - Unconsolidated Affiliated Companies

9 Months Ended

Aug. 25, 2012

Equity Method Investments and Joint Ventures 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 $6,294 and $6,137 at August 25, 2012 and November 26, 2011, respectively. We recorded the following income from Zenith in other income (loss), net in our condensed consolidated statements of income and retained earnings:

	Quarter Ended					Nine Months Ended
	August 25, 2012		August 27, 2011			August 25, 2012		August 27, 2011
Income	$	23	$	(139	)	$	157	$	(48	)
Dividends received		-		-			-		-

Prior to May 2, 2011, we owned a 46.9% interest in International Home Furnishings Center, Inc (“IHFC”). On May 2, 2011, we sold our entire interest in IHFC, resulting in a one-time gain of $85,542 which was recognized during the second quarter of fiscal 2011 (see Note 16). 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				Nine Months Ended
	August 25, 2012		August 27, 2011		August 25, 2012		August 27, 2011
Income	$	-	$	-	$	-	$	1,832
Dividends received		-		-		-		3,756

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

Summarized unaudited income statement information for IHFC for its first five months of fiscal 2011 up to the sale of our interest was as follows:

Revenue	$	15,875
Operating income		9,876
Net income		3,908

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 method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References + Details

Note 8 - Real Estate Notes Payable and Bank Credit Facility

9 Months Ended

Aug. 25, 2012

Debt Disclosure [Text Block]

8. Real Estate Notes Payable and Bank Credit Facility

Real Estate Notes Payable

The real estate notes payable are summarized as follows:

	August 25, 2012			November 26, 2011
Real estate notes payable	$	3,714		$	3,864
Less:
Current portion of real estate notes payable		(212	)		(202	)
	$	3,502		$	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 $6,431 and $6,558 at August 25, 2012 and November 26, 2011, respectively. The portion of these mortgages due within one year, $212 and $202 as of August 25, 2012 and November 26, 2011, respectively, has been presented as current portion of real estate notes payable in the accompanying condensed consolidated balance sheets. The long-term portion, $3,502 and $3,662 as of August 25, 2012 and November 26, 2011, respectively, is presented as real estate notes payable in the condensed consolidated balance sheets. During the nine months ended August 27, 2011, we entered into Discounted Payoff Agreements (“DPOs”) with the lenders on three mortgages which were subsequently paid off during fiscal 2011. Under the terms of these DPOs, the remaining balance owed was reduced, resulting in a $1,305 gain on the settlement of these mortgages, of which $869 was recognized during the quarter ended August 27, 2011. This gain is included in other income (loss), net, in our condensed consolidated statement of income and retained earnings for the three and nine months ended August 27, 2011.

The fair value of these mortgages was $3,720 and $3,804 at August 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 Credit Facility

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 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 August 25, 2012 and November 26, 2011, we had $1,966 and $2,318, respectively, outstanding under standby letters of credit, leaving availability under the line of $1,034 and $682, respectively.

See Note 19 – Subsequent Events, regarding a commitment by our bank to increase our line of credit.

- 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

9 Months Ended

Aug. 25, 2012

Comprehensive Income (Loss) Note [Text Block]

9. Comprehensive Income

The following table provides a summary of total comprehensive income:

	Quarter Ended					Nine Months Ended
	August 25, 2012		August 27, 2011			August 25, 2012			August 27, 2011
Net income	$	2,371	$	417		$	9,817		$	54,709

Other comprehensive income (loss):
Net change in unrealized holding gains and losses		42		(2	)		119			(27	)
Amortization associated with SERP Plan		8		6			24			19
Changes in related deferred tax effects (see Note 2)		-		-			(511	)		-

Total comprehensive income	$	2,421	$	421		$	9,449		$	54,701

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		119
Amortization associated with SERP Plan		24
Changes in related deferred tax effects (see Note 2)		(511	)

Balance at August 25, 2012	$	(976	)

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 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.

+ References

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+ Details

Note 10 - Licensee Acquisitions

9 Months Ended

Aug. 25, 2012

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 our licensees 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.

During the three and nine months ended August 25, 2012, we acquired one store located in Knoxville, Tennessee because our licensee desired to exit that market. The acquisition price for the Knoxville store was $673, funded through the exchange of $485 in cash and $188 in existing accounts receivable for the net assets acquired from the licensee plus recognized goodwill.

During the three and nine months ended August 27, 2011, we acquired two and six retail stores, respectively: two operated by a licensee with one store in Kentucky and another in Ohio; three operated by a licensee in Virginia; and one operated by a licensee in Nevada. 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						Nine Months Ended
	August 25, 2012			August 27, 2011			August 25, 2012			August 27, 2011
Net assets acquired:
Inventory	$	467		$	837		$	467		$	2,566
Property and equipment/other		35			152			35			719
Goodwill		375			-			375			-
Customer deposits and other accrued expenses		(204	)		(682	)		(204	)		(2,156	)

Total net assets acquired	$	673		$	307		$	673		$	1,129

Consideration given:
Accounts receivable	$	188		$	307		$	188		$	1,129
Cash		485			-			485			-

Total consideration	$	673		$	307		$	673		$	1,129

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.

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						Nine Months Ended
	August 25, 2012			August 27,2011			August 25, 2012			August 27, 2011
Net sales	$	237		$	2,551		$	237		$	6,321
Operating loss		(34	)		(418	)		(34	)		(318	)

In connection with the Knoxville store acquisition, we recognized $375 of goodwill, primarily associated with the strength of the local market and the general health of the store at the time of acquisition. The carrying value of our goodwill, which is not deductible for tax purposes, is included in other long-term assets in the accompanying condensed consolidated balance sheets, by reporting unit, is as follows:

	Wholesale		Retail		Total

Balance as of November 26, 2011	$	276	$	159	$	435
Goodwill from store acquisition		236		139		375

Balance as of August 25, 2012	$	512	$	298	$	810

- 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).

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+ Details

Note 11 - Contingencies

9 Months Ended

Aug. 25, 2012

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.

In 2009 our former vendor, Colonial Trading, Inc. (“Colonial”) filed a lawsuit against us alleging, among other things, breach of contract by the Company after we cancelled orders for cribs following product recalls. We filed counterclaims for breach of contract and warranty. On August 1, 2012, a jury returned a verdict in favor of Colonial in the amount of $1,354. Colonial has filed motions to treble the damages and collect its attorney’s fees. Currently, arguments on these motions are before the court and no judgment has been entered. We will assess our alternatives upon the entry of a judgment, including whether to appeal. We currently have reserves to cover substantially all of the jury verdict amount.

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 $74,911 and $73,249 at August 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 $2,214 and $2,515 at August 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 August 25, 2012 and November 26, 2011 were $27 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 August 25, 2012 and November 26, 2011 was $602 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.

Note 12 - Post-Employment Benefit Obligations

9 Months Ended

Aug. 25, 2012

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 $9,154 and $9,326 as of August 25, 2012 and November 26, 2011, respectively, and is recorded as follows in the condensed consolidated balance sheets:

Components of net periodic pension costs are as follows:

	August 25, 2012		November 26, 2011
Other accrued liabilities	$	866	$	866
Post employment benefit obligations		8,288		8,460

Total pension liability	$	9,154	$	9,326

Components of net periodic pension costs are as follows:

	Quarter Ended				Nine Months Ended
	August 25, 2012		August 27, 2011		August 25, 2012		August 27, 2011
Service cost	$	14	$	12	$	41	$	36
Interest cost		94		105		282		315
Amortization of transition obligation		11		11		32		33
Amortization of actuarial loss		3		-		8		-

Net periodic pension cost	$	122	$	128	$	363	$	384

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 August 25, 2012 and August 27, 2011 respectively, and $234 and $249 for the nine months ended August 25, 2012 and August 27, 2011 respectively. Our liability under this plan was $2,631 and $2,818 as of August 25, 2012 and November 26, 2011, respectively, and is reflected in post employment benefit obligations.

Note 13 - Earnings Per Share

9 Months Ended

Aug. 25, 2012

Earnings Per Share [Text Block]

13. Earnings Per Share

The following reconciles basic and diluted earnings per share:

	Net Income		Weighted Average Shares		Net Income Per Share
For the quarter ended August 25, 2012:

Basic earnings per share	$	2,371		10,945,784	$	0.22
Add effect of dilutive securities:
Options and restricted shares		-		123,835		(0.01	)
Diluted earnings per share	$	2,371		11,069,619	$	0.21

For the quarter ended August 27, 2011:

Basic earnings per share	$	417		11,454,409	$	0.04
Add effect of dilutive securities:
Options and restricted shares		-		124,849
Diluted earnings per share	$	417		11,579,258	$	0.04


For the nine months ended August 25, 2012:

Basic earnings per share	$	9,817		11,074,265	$	0.89
Add effect of dilutive securities:
Options and restricted shares		-		97,727		(0.01	)
Diluted earnings per share	$	9,817		11,171,992	$	0.88

For the nine months ended August 27, 2011:

Basic earnings per share	$	54,709		11,492,497	$	4.76
Add effect of dilutive securities:
Options and restricted shares		-		87,826		(0.04	)
Diluted earnings per share	$	54,709		11,580,323	$	4.72

For the three months ended August 25, 2012 and August 27, 2011, options to purchase 472,500 and 928,514 shares of common stock, respectively, were excluded from the computation as their effect was anti-dilutive.

For the nine months ended August 25, 2012 and August 27, 2011, options to purchase 713,500 and 928,514 shares of common stock, respectively, were excluded from the computation as their effect was anti-dilutive.

Note 14 - Financial Instruments and Fair Value Measurements

9 Months Ended

Aug. 25, 2012

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 values. Our cost and equity method investments generally involve entities for which it is not practical to determine fair values.

We classify our marketable securities, which are reported at fair value, as available-for-sale. Unrealized holding gains and losses, net of the related income tax effect, if any, 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 August 25, 2012, available-for-sale securities consisted of the following:

	Cost		Gross Unrealized				Market
	Basis		Gains		Losses		Value

Bond mutual fund shares	$	1,249	$	273	$	-	$	1,522
Government agency obligations		1,059		34		-		1,093
US Treasury obligations		573		18		-		591
	$	2,881	$	325	$	-	$	3,206

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 $21 and $33 for the three months ended August 25, 2012 and August 27, 2011, respectively, and $116 and $137 for the nine months ended August 25, 2012 and August 27, 2011, respectively. Realized earnings for the nine months ended August 25, 2012 and August 27, 2011 include $33 and $28, respectively, of gains previously recorded in other comprehensive income. These amounts are recorded in other income (loss), net in our condensed consolidated statements of income and retained earnings. Future maturities of the $1,684 in fixed income securities at August 25, 2012 are as follows:

Less than 5 years	$	-
5-10 years		561
11-20 years		29
Over 20 years		1,094

	$	1,684

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 and nine months ended August 25, 2012 or August 27, 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”) has been 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 nine months ended August 25, 2012, which is included in other loss, net, in the condensed consolidated statements of income and retained earnings.

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

	Level 1		Level 2		Level 3		Fair Value
Assets
Marketable securities	$	3,206	$	-	$	-	$	3,206
Total Assets	$	3,206	$	-	$	-	$	3,206

The changes to the assets measured at fair value on a recurring basis which use Level 3 or significant unobservable inputs for the nine months ended August 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 August 25, 2012	$	-

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

	August 25, 2012				November 26, 2011
	Carrying value		Fair value		Carrying value		Fair value
Assets:
Cash and cash equivalents	$	57,967	$	57,967	$	69,601	$	69,601
Accounts receivable, net		14,468		14,468		14,756		14,756
Notes receivable, net		1,778		1,778		1,877		1,877
Investments		3,206		3,206		3,745		3,745

Liabilities:
Accounts payable	$	19,170		19,170	$	18,821	$	18,821
Real estate notes payable		3,714		3,720		3,864		3,804
Lease/loan guarantee reserves		602		602		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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13537-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13504-108611

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-Subparagraph a-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15C, 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 15 - Restructuring, Asset Impairment, and Other Charges

9 Months Ended

Aug. 25, 2012

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

15. Restructuring, Asset Impairment, and Other Charges

During the three and nine months ended August 25, 2012 and August 27, 2011, we incurred the following charges included in income (loss) from operations:

	Quarter Ended				Nine Months Ended
	August 25, 2012		August 27, 2011		August 25, 2012		August 27, 2011

Licensee debt cancellation charges	$	-	$	-	$	-	$	6,447

Restructuring and asset impairment charges:
Write-downs and demolition costs related to idle manufacturing facilities	$	-	$	123	$	588	$	1,116
Asset write-downs related to Company-owned retail store closures		-		-		123		966

Total restructuring and asset impairment charges	$	-	$	123	$	711	$	2,082

Lease exit costs:
Lease exit costs related to Company-owned retail store closures	$	-	$	-	$	228	$	1,221
Charge for modification of existing Company-owned retail store lease		-		-		-		1,500
Changes in estimates related to previously closed Company-owned retail stores		-		-		131		1,007

Total lease exit costs	$	-	$	-	$	359	$	3,728

Total charges related to debt cancellation, restructuring, asset impairment, and lease exit costs included in income (loss) from operations	$	-	$	123	$	1,070	$	12,257

Licensee Debt Cancellation Charges

During the nine months ended August 27, 2011, we gained significant liquidity as a result of the sale of our investment in IHFC (see Note 16). This liquidity event enabled us to become more opportunistic in managing our relationships with our licensees and therefore accelerate certain licensees’ ability to rebuild their businesses after several years of extremely difficult industry conditions. As such, during the nine months ended August 27, 2011, we cancelled certain debts of what we consider to be key licensees in select markets. While the debts cancelled were considered to be collectible over time, we believe that, rather than requiring repayment of these obligations, we will realize a greater long-term benefit by the cancellation of these debts. In exchange for relieving the debts of these licensees and thus strengthening their respective financial positions, we believe these licensees will be in a much better position to reinvest in all aspects of their store operations (new product offerings, personnel, advertising, building appeal, etc.) which will ultimately lead to increased sales and profitability of the Bassett brand. As a result of this debt cancellation, we incurred a charge for the nine months ended August 27, 2011 of $6,447.

Restructuring and Asset Impairment Charges

During the nine months ended August 25, 2012, we incurred costs of $203 associated with the demolition of a previously closed manufacturing facility in Bassett, Virginia; non-cash charges of $385 associated with the write-down of a previously closed manufacturing facility in Mt. Airy, North Carolina; and $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 August 27, 2011, we recorded non-cash asset impairment charges of $123 associated with the demolition of a previously closed manufacturing facility in Bassett, Virginia. During the nine months ended August 27, 2011, we recorded non-cash asset impairment charges of $2,082, which included $966 for the write-off of leasehold improvements related to the closure of six retail locations in Albuquerque, New Mexico; Bear, Delaware; Bel Air, Maryland; Carol Stream, Illinois; Frederick, Maryland; and Spanish Fort, Alabama; $566 for the additional write-down of a previously closed manufacturing facility in Mt. Airy, North Carolina; and $550 for the additional write-down of a previously closed manufacturing facility in Bassett, Virginia. The write-downs of the previously closed manufacturing facilities are based on our estimates of their fair values. 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.

When analyzing our properties for potential impairment, we consider such qualitative factors as our experience in leasing and/or selling real estate properties as well as specific site and local market characteristics. Upon the closure of a Bassett Home Furnishings store, we generally write off all tenant improvements which are only suitable for use in such a store.

Lease Exit Costs

During the nine months ended August 25, 2012, we incurred non-cash charges of $228 for lease exit costs associated with the relocation of a retail store near Richmond, Virginia, as well as $131 of non-cash charges to reflect reduced estimates of recoverable lease costs at several previously closed retail locations.

During the nine months ended August 27, 2011, we recorded charges of $3,728 for lease exit costs and lease modifications which included: non-cash charges of $1,221 for lease exit costs related to the closure of retail stores in Albuquerque, New Mexico, Bel Air and Frederick, Maryland, and a previously closed location in Lewisville, Texas; non-cash charges of $1,007 to reflect reduced estimates of recoverable lease costs at four previously closed retail locations; and a charge of $1,500 for a cash payment made for the modification of an existing lease at one of our Company-owned retail store locations.

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		210
Payments on unexpired leases		(1,752	)
Accretion of interest on obligations		116

Balance at August 25, 2012	$	3,160

Current portion included in other accrued liabilities	$	1,813
Long-term portion included in other long-term liabilities		1,347
	$	3,160

Note 16 - Non-Operating Income and Expense

9 Months Ended

Aug. 25, 2012

Other Income and Other Expense Disclosure [Text Block]

16. Non-Operating Income and Expense

Income from the Continued Dumping & Subsidy Offset Act

During the nine months ended August 25, 2012, the U.S. Customs and Border Protection (“Customs”) made a distribution to us of $9,010 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”). We have received annual distributions in past years under the CDSOA as a result of our support of an antidumping petition on imports of wooden bedroom furniture from China, such distributions having been recognized in income during the fourth quarter of each fiscal year when our annual share was determined. Certain manufacturers who did not support the antidumping petition (“Non-Supporting Producers”) filed actions in the United States Court of International Trade challenging the CDSOA's “support requirement” and seeking to share in the distributions. As a result, Customs held back a portion of those distributions (“the Holdback”) pending resolution of the Non-Supporting Producers' claims. The Court of International Trade dismissed all of the actions of the Non-Supporting Producers, who appealed to the United States Court of Appeals for the Federal Circuit (“the Court of Appeals”). While the Court of Appeals denied the Non-Supporting Producers request for an injunction to block the final distribution of the Holdback and allowed Customs to distribute the funds in April of 2012, the appeal is still pending before the court. Should the Court of Appeals 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 distribution.

Gain on Sale of Affiliate

On May 2, 2011 we sold our 46.9% interest in International Home Furnishings Center, Inc. (“IHFC”) to International Market Centers, L.P. (“IMC”). Consideration received, the balance of our investment in IHFC at the time of sale, and the resulting gain from the sale are as follows:

Gain on sale of affiliate:
Consideration received:
Cash received at and subsequent to closing (1)	$	70,565
Indemnification escrow receivable (2)		4,695
Investment in IMC (3)		1,000

Total consideration received	$	76,260

Investment in IHFC:
Distributions in excess of affiliate earnings		9,282

Gain on sale of affiliate	$	85,542

(1)

$67,752 received at closing on May 2, 2011; additional consideration of $1,400 recognized as receivable at closing was received during the third quarter of 2011; and $1,413 of tax contingency escrowed at closing was released to us during the first quarter of fiscal 2012.

(2)

$2,348 included in other current assets in the accompanying condensed consolidated balance sheet at August 25, 2012, with the remainder included in other non-current assets.

(3)

Included in other non-current assets in the accompanying condensed consolidated balance sheet at August 25, 2012.

Other Income (Loss), Net

Other income (loss), net, for the three and nine months ended August 25, 2012 and August 27, 2011 consists of the following:

	Quarter Ended						Nine Months Ended
	August 25, 2012			August 27, 2011			August 25, 2012			August 27, 2011

Write down for impairment of Fortress (Note 14)	$	-		$	-		$	(806	)	$	-
Income (loss) from unconsolidated affiliated companies, net (Note 7)		23			(139	)		157			1,784
Interest expense		(72	)		(416	)		(228	)		(824	)
Loan and lease guarantee recovery (expense)		23			141			(197	)		(1,315	)
Retail real estate impairment charges		-			-			-			(3,953	)
Lease exit costs		-			-			(74	)		(837	)
Gain on mortgage settlements (Note 8)		-			869			-			1,305
Other		(289	)		(151	)		(1,091	)		(1,630	)

Other income (loss) net	$	(315	)	$	304		$	(2,239	)	$	(5,470	)

Loan and lease guarantee expense consists of adjustments to our reserves for the net amount of our estimated losses on loan and lease guarantees that we have entered into on behalf of our licensees. Income shown above for the three months ended August 25, 2012 and August 27, 2011 represents the net recovery of previous charges when the final settlement of a loan or lease guarantee obligation is less than the estimated amount. Charges shown above for the nine months ended August 25, 2012 and August 27, 2011 are to recognize expense reflecting the additional risk that we may have to assume the underlying obligations with respect to our guarantees, net of any recoveries.

Retail real estate impairment charges for the three and nine months ended August 27, 2011 include non-cash asset impairment charges of $2,106 to write down idle retail locations in Henderson, Nevada and Chesterfield, Virginia to appraised value and $1,847 to write off certain tenant improvements deemed to be unrecoverable.

During the nine months ended August 25, 2012, we incurred $74 of non-cash charges to reflect reduced estimates of recoverable lease costs at one idle retail location. Lease exit costs of $837 for the three and nine months ended August 27, 2011 consist of non-cash charges incurred during the third quarter of 2011 related to lease termination costs at three idle retail locations.

Note 17 - Recent Accounting Pronouncements

9 Months Ended

Aug. 25, 2012

Description of New Accounting Pronouncements Not yet Adopted [Text Block]

17. 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 became effective for us as of the beginning of our second quarter of fiscal 2012. The adoption of this guidance did not 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.

In July 2012, the FASB issued ASU No. 2012-02, which updated the guidance in ASC Topic 350, Intangibles – Goodwill and Other. The amendments in this Update will allow an entity to first assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. Under these amendments, an entity would not be required to calculate the fair value of an indefinite-lived intangible asset unless the entity determines, based on qualitative assessment, that it is not more likely than not, the indefinite-lived intangible asset is impaired. The amendments include a number of events and circumstances for an entity to consider in conducting the qualitative assessment. The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted, including for annual and interim impairment tests performed as of a date before July 27, 2012, if a public entity’s financial statements for the most recent annual or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance. The amendments, which become effective for us as of the beginning of our 2013 fiscal year, are not expected to have an impact on our financial condition or results of operations.

Note 18 - Segment Information

9 Months Ended

Aug. 25, 2012

Segment Reporting Disclosure [Text Block]

18. 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 income and retained earnings. Our entire investment in IHFC was sold during the third 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						Nine Months Ended
	August 25, 2012			August 27, 2011			August 25, 2012			August 27, 2011
Net Sales
Wholesale	$	44,805		$	41,905		$	133,355		$	133,626
Retail		41,178			33,609			122,800			108,598
Inter-company elimination		(21,545	)		(16,097	)		(63,295	)		(52,282	)
Consolidated	$	64,438		$	59,417		$	192,860		$	189,942

Income (loss) from Operations
Wholesale	$	1,711		$	1,540		$	5,575		$	(6,504	)
Retail		(1,503	)		(1,775	)		(2,437	)		(3,911	)
Inter-company elimination		558			129			497			942
Licensee debt cancellation charge		-			-			-			(6,447	)
Restructuring and asset impairment charges		-			(123	)		(711	)		(2,082	)
Lease exit costs		-			-			(359	)		(3,728	)
Consolidated	$	766		$	(229	)	$	2,565		$	(21,730	)

Depreciation and Amortization
Wholesale	$	259		$	271		$	825		$	959
Retail		929			832			2,700			2,483
Investments/real estate		128			140			406			708
Consolidated	$	1,316		$	1,243		$	3,931		$	4,150

Capital Expenditures
Wholesale	$	1,268		$	361		$	2,303		$	493
Retail		1,238			1,134			4,545			1,966
Investments & real estate		-			-			10
Consolidated	$	2,506		$	1,495		$	6,858		$	2,459

Identifiable Assets	As of August 25, 2012		As of November 26, 2011
Wholesale	$	140,765	$	142,361
Retail		64,896		60,811
Investments/real estate		16,078		20,002
Consolidated	$	221,739	$	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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 19 - Subsequent Events

9 Months Ended

Aug. 25, 2012

Subsequent Events [Text Block]

Note 19. Subsequent Events

Expansion of Credit Facility

Subsequent to August 25, 2012, we received a commitment from our bank to expand our credit line to $15,000. This new line will be secured by our accounts receivable and inventory. The new facility will contain certain covenants requiring us to maintain certain key financial ratios. We expect this facility will be in place prior to the end of fiscal 2012.

Special Dividend

On August 29, 2012, our Board of Directors declared a special dividend of $1.25 per share payable on October 26, 2012 to shareholders of record on October 12, 2012. Based on our number of shares issued and outstanding as of August 25, 2012, the total amount of the dividend will be approximately $13,600.

Note 3 - Revenue Recognition (Tables)

9 Months Ended

Aug. 25, 2012

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]

	Quarter Ended				Nine Months Ended
	August 25, 2012		August 27, 2011		August 25, 2012		August 27, 2011
Revenue deferred	$	-	$	424	$	-	$	1,678
Cost deferred		-		297		-		1,175

Note 4 - Accounts Receivable (Tables)

9 Months Ended

Aug. 25, 2012

Schedule of Accounts Receivable [Table Text Block]

	August 25, 2012			November 26, 2011
Gross accounts receivable	$	16,711		$	16,848
Allowance for doubtful accounts		(2,243	)		(2,092	)
Accounts receivable, net	$	14,468		$	14,756

Schedule of Credit Losses for Financing Receivables, Current [Table Text Block]

	2012

Balance at November 26, 2011	$	2,092
Additions charged to expense		417
Write-offs and other deductions		(266	)
Balance at August 25, 2012	$	2,243

Note 5 - Inventories (Tables)

9 Months Ended

Aug. 25, 2012

Schedule of Inventory, Current [Table Text Block]

	August 25, 2012			November 26, 2011
Wholesale finished goods	$	31,261		$	26,873
Work in process		328			222
Raw materials and supplies		8,149			5,660
Retail merchandise		23,361			20,504
Total inventories on first-in, first-out method		63,099			53,259
LIFO adjustment		(7,449	)		(6,955	)
Reserve for excess and obsolete inventory		(1,106	)		(1,175	)
	$	54,544		$	45,129

Activity in Reserves for Excess Quantities and Obsolete Inventory by Segment [Table Text Block]

	Wholesale Segment			Retail Segment			Total

Balance at November 26, 2011	$	987		$	188		$	1,175
Additions charged to expense		866			251			1,117
Write-offs		(1,011	)		(175	)		(1,186	)
Balance at August 25, 2012	$	842		$	264		$	1,106

Note 6 - Notes Receivable (Tables)

9 Months Ended

Aug. 25, 2012

Schedule of Notes Receivable [Table Text Block]

	August 25, 2012			November 26, 2011
Notes receivable	$	5,917		$	6,017
Allowance for doubtful accounts and discounts on notes receivable		(4,139	)		(4,140	)
Notes receivable, net		1,778			1,877
Less: current portion of notes receivable		(75	)		(75	)
Long term notes receivable	$	1,703		$	1,802

Allowance for Credit Losses on Financing Receivables [Table Text Block]

	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		1,635		(1,635	)		-
Other notes		96		-			96

Balance at August 25, 2012	$	5,917	$	(4,139	)	$	1,778

	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		1,635		(1,635	)		-

Balance at August 25, 2012	$	4,722	$	(4,139	)	$	583

Impaired Financing Receivables [Table Text Block]

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

Past Due Financing Receivables [Table Text Block]

	Current		30-90 Days Past Due		Over 90 Days Past Due (1)		Total

Due from current licensees	$	1,137	$	86	$	306	$	1,529
Due from former licencees:
Secured by real estate		947		29		1,681		2,657
Unsecured		-		-		1,635		1,635
Other notes		96		-		-		96

Balance at August 25, 2012	$	2,180	$	115	$	3,622	$	5,917

Summary of Valuation Allowance [Table Text Block]

			2012 Activity by Class
			Due from Former Licensees
	Due from Current Licensees		Secured by Real Estate		Unsecured			Other Notes		Total

Balance, November 26, 2011	$	1,529	$	975	$	1,636		$	-	$	4,140
Recovery credited to expense		-		-		(1	)		-		(1	)
Write-offs and other deductions		-		-		-			-		-
Amortization of discounts		-		-		-			-		-
Balance, August 25, 2012	$	1,529	$	975	$	1,635		$	-	$	4,139

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References + Details

Note 7 - Unconsolidated Affiliated Companies (Tables)

9 Months Ended

Aug. 25, 2012

Schedule of Equity Method Investments [Table Text Block]

	Quarter Ended					Nine Months Ended
	August 25, 2012		August 27, 2011			August 25, 2012		August 27, 2011
Income	$	23	$	(139	)	$	157	$	(48	)
Dividends received		-		-			-		-

	Quarter Ended				Nine Months Ended
	August 25, 2012		August 27, 2011		August 25, 2012		August 27, 2011
Income	$	-	$	-	$	-	$	1,832
Dividends received		-		-		-		3,756

Schedule of Unaudited Income Statement of Unconsolidated Affiliated Company [Table Text Block]

Revenue	$	15,875
Operating income		9,876
Net income		3,908

Note 8 - Real Estate Notes Payable and Bank Credit Facility (Tables)

9 Months Ended

Aug. 25, 2012

Schedule of Debt [Table Text Block]

	August 25, 2012			November 26, 2011
Real estate notes payable	$	3,714		$	3,864
Less:
Current portion of real estate notes payable		(212	)		(202	)
	$	3,502		$	3,662

Note 9 - Comprehensive Income (Tables)

9 Months Ended

Aug. 25, 2012

Schedule of Comprehensive Income (Loss) [Table Text Block]

	Quarter Ended					Nine Months Ended
	August 25, 2012		August 27, 2011			August 25, 2012			August 27, 2011
Net income	$	2,371	$	417		$	9,817		$	54,709

Other comprehensive income (loss):
Net change in unrealized holding gains and losses		42		(2	)		119			(27	)
Amortization associated with SERP Plan		8		6			24			19
Changes in related deferred tax effects (see Note 2)		-		-			(511	)		-

Total comprehensive income	$	2,421	$	421		$	9,449		$	54,701

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Balance at November 26, 2011	$	(608	)
Net change in unrealized holding gains and losses		119
Amortization associated with SERP Plan		24
Changes in related deferred tax effects (see Note 2)		(511	)

Balance at August 25, 2012	$	(976	)

Note 10 - Licensee Acquisitions (Tables)

9 Months Ended

Aug. 25, 2012

Schedule of Purchase Price Allocation [Table Text Block]

	Quarter Ended						Nine Months Ended
	August 25, 2012			August 27, 2011			August 25, 2012			August 27, 2011
Net assets acquired:
Inventory	$	467		$	837		$	467		$	2,566
Property and equipment/other		35			152			35			719
Goodwill		375			-			375			-
Customer deposits and other accrued expenses		(204	)		(682	)		(204	)		(2,156	)

Total net assets acquired	$	673		$	307		$	673		$	1,129

Consideration given:
Accounts receivable	$	188		$	307		$	188		$	1,129
Cash		485			-			485			-

Total consideration	$	673		$	307		$	673		$	1,129

Schedule of Net Sales and Operating Loss from Acquired Stores [Table Text Block]

	Quarter Ended						Nine Months Ended
	August 25, 2012			August 27,2011			August 25, 2012			August 27, 2011
Net sales	$	237		$	2,551		$	237		$	6,321
Operating loss		(34	)		(418	)		(34	)		(318	)

Schedule of Goodwill [Table Text Block]

	Wholesale		Retail		Total

Balance as of November 26, 2011	$	276	$	159	$	435
Goodwill from store acquisition		236		139		375

Balance as of August 25, 2012	$	512	$	298	$	810

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References + Details

Note 12 - Post-Employment Benefit Obligations (Tables)

9 Months Ended

Aug. 25, 2012

Schedule of Pension Liability [Table Text Block]

	August 25, 2012		November 26, 2011
Other accrued liabilities	$	866	$	866
Post employment benefit obligations		8,288		8,460

Total pension liability	$	9,154	$	9,326

Schedule of Net Benefit Costs [Table Text Block]

	Quarter Ended				Nine Months Ended
	August 25, 2012		August 27, 2011		August 25, 2012		August 27, 2011
Service cost	$	14	$	12	$	41	$	36
Interest cost		94		105		282		315
Amortization of transition obligation		11		11		32		33
Amortization of actuarial loss		3		-		8		-

Net periodic pension cost	$	122	$	128	$	363	$	384

Note 13 - Earnings Per Share (Tables)

9 Months Ended

Aug. 25, 2012

Schedule of Earnings Per Share Reconciliation [Table Text Block]

	Net Income		Weighted Average Shares		Net Income Per Share
For the quarter ended August 25, 2012:

Basic earnings per share	$	2,371		10,945,784	$	0.22
Add effect of dilutive securities:
Options and restricted shares		-		123,835		(0.01	)
Diluted earnings per share	$	2,371		11,069,619	$	0.21

For the quarter ended August 27, 2011:

Basic earnings per share	$	417		11,454,409	$	0.04
Add effect of dilutive securities:
Options and restricted shares		-		124,849
Diluted earnings per share	$	417		11,579,258	$	0.04


For the nine months ended August 25, 2012:

Basic earnings per share	$	9,817		11,074,265	$	0.89
Add effect of dilutive securities:
Options and restricted shares		-		97,727		(0.01	)
Diluted earnings per share	$	9,817		11,171,992	$	0.88

For the nine months ended August 27, 2011:

Basic earnings per share	$	54,709		11,492,497	$	4.76
Add effect of dilutive securities:
Options and restricted shares		-		87,826		(0.04	)
Diluted earnings per share	$	54,709		11,580,323	$	4.72

Note 14 - Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Aug. 25, 2012

Available-for-sale Securities [Table Text Block]

	Cost		Gross Unrealized				Market
	Basis		Gains		Losses		Value

Bond mutual fund shares	$	1,249	$	273	$	-	$	1,522
Government agency obligations		1,059		34		-		1,093
US Treasury obligations		573		18		-		591
	$	2,881	$	325	$	-	$	3,206

	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

Investments Classified by Contractual Maturity Date [Table Text Block]

Less than 5 years	$	-
5-10 years		561
11-20 years		29
Over 20 years		1,094

	$	1,684

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

	Level 1		Level 2		Level 3		Fair Value
Assets
Marketable securities	$	3,206	$	-	$	-	$	3,206
Total Assets	$	3,206	$	-	$	-	$	3,206

Changes to Assets Measured at Fair Value Using Level 3 Inputs [Table Text Block]

	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 August 25, 2012	$	-

Fair Value, by Balance Sheet Grouping [Table Text Block]

	August 25, 2012				November 26, 2011
	Carrying value		Fair value		Carrying value		Fair value
Assets:
Cash and cash equivalents	$	57,967	$	57,967	$	69,601	$	69,601
Accounts receivable, net		14,468		14,468		14,756		14,756
Notes receivable, net		1,778		1,778		1,877		1,877
Investments		3,206		3,206		3,745		3,745

Liabilities:
Accounts payable	$	19,170		19,170	$	18,821	$	18,821
Real estate notes payable		3,714		3,720		3,864		3,804
Lease/loan guarantee reserves		602		602		508		508

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
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-Section 50
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27198-111563

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Section 50
-Paragraph 3
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-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 19, 20, 21
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 17
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-1
-Paragraph 21
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References + Details

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-SubTopic 10
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-Paragraph 30
-Subparagraph (a)
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 19
-Subparagraph a, b, c(1), d(1)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 14
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15
-Subparagraph b-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 18
-Subparagraph c(2), d, e, f
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32
-Subparagraph a, c(1), c(2), c(3), d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 15 - Restructuring, Asset Impairment, and Other Charges (Tables)

9 Months Ended

Aug. 25, 2012

Schedule of Restructuring and Related Costs [Table Text Block]

	Quarter Ended				Nine Months Ended
	August 25, 2012		August 27, 2011		August 25, 2012		August 27, 2011

Licensee debt cancellation charges	$	-	$	-	$	-	$	6,447

Restructuring and asset impairment charges:
Write-downs and demolition costs related to idle manufacturing facilities	$	-	$	123	$	588	$	1,116
Asset write-downs related to Company-owned retail store closures		-		-		123		966

Total restructuring and asset impairment charges	$	-	$	123	$	711	$	2,082

Lease exit costs:
Lease exit costs related to Company-owned retail store closures	$	-	$	-	$	228	$	1,221
Charge for modification of existing Company-owned retail store lease		-		-		-		1,500
Changes in estimates related to previously closed Company-owned retail stores		-		-		131		1,007

Total lease exit costs	$	-	$	-	$	359	$	3,728

Total charges related to debt cancellation, restructuring, asset impairment, and lease exit costs included in income (loss) from operations	$	-	$	123	$	1,070	$	12,257

Schedule of Activity Related to Accrued Lease Exit Costs [Table Text Block]

Balance at November 26, 2011	$	4,358

Provisions associated with Company-owned retail store closures		228
Provisions made to adjust previous estimates		210
Payments on unexpired leases		(1,752	)
Accretion of interest on obligations		116

Balance at August 25, 2012	$	3,160

Current portion included in other accrued liabilities	$	1,813
Long-term portion included in other long-term liabilities		1,347
	$	3,160

Note 16 - Non-Operating Income and Expense (Tables)

9 Months Ended

Aug. 25, 2012

Schedule of Sale of Stock by Subsidiary or Equity Method Investee Disclosure [Table Text Block]

Gain on sale of affiliate:
Consideration received:
Cash received at and subsequent to closing (1)	$	70,565
Indemnification escrow receivable (2)		4,695
Investment in IMC (3)		1,000

Total consideration received	$	76,260

Investment in IHFC:
Distributions in excess of affiliate earnings		9,282

Gain on sale of affiliate	$	85,542

Schedule of Other Nonoperating Income (Expense) [Table Text Block]

	Quarter Ended						Nine Months Ended
	August 25, 2012			August 27, 2011			August 25, 2012			August 27, 2011

Write down for impairment of Fortress (Note 14)	$	-		$	-		$	(806	)	$	-
Income (loss) from unconsolidated affiliated companies, net (Note 7)		23			(139	)		157			1,784
Interest expense		(72	)		(416	)		(228	)		(824	)
Loan and lease guarantee recovery (expense)		23			141			(197	)		(1,315	)
Retail real estate impairment charges		-			-			-			(3,953	)
Lease exit costs		-			-			(74	)		(837	)
Gain on mortgage settlements (Note 8)		-			869			-			1,305
Other		(289	)		(151	)		(1,091	)		(1,630	)

Other income (loss) net	$	(315	)	$	304		$	(2,239	)	$	(5,470	)

Note 18 - Segment Information (Tables)

9 Months Ended

Aug. 25, 2012

Assets [Member]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Identifiable Assets	As of August 25, 2012		As of November 26, 2011
Wholesale	$	140,765	$	142,361
Retail		64,896		60,811
Investments/real estate		16,078		20,002
Consolidated	$	221,739	$	223,174

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Quarter Ended						Nine Months Ended
	August 25, 2012			August 27, 2011			August 25, 2012			August 27, 2011
Net Sales
Wholesale	$	44,805		$	41,905		$	133,355		$	133,626
Retail		41,178			33,609			122,800			108,598
Inter-company elimination		(21,545	)		(16,097	)		(63,295	)		(52,282	)
Consolidated	$	64,438		$	59,417		$	192,860		$	189,942

Income (loss) from Operations
Wholesale	$	1,711		$	1,540		$	5,575		$	(6,504	)
Retail		(1,503	)		(1,775	)		(2,437	)		(3,911	)
Inter-company elimination		558			129			497			942
Licensee debt cancellation charge		-			-			-			(6,447	)
Restructuring and asset impairment charges		-			(123	)		(711	)		(2,082	)
Lease exit costs		-			-			(359	)		(3,728	)
Consolidated	$	766		$	(229	)	$	2,565		$	(21,730	)

Depreciation and Amortization
Wholesale	$	259		$	271		$	825		$	959
Retail		929			832			2,700			2,483
Investments/real estate		128			140			406			708
Consolidated	$	1,316		$	1,243		$	3,931		$	4,150

Capital Expenditures
Wholesale	$	1,268		$	361		$	2,303		$	493
Retail		1,238			1,134			4,545			1,966
Investments & real estate		-			-			10
Consolidated	$	2,506		$	1,495		$	6,858		$	2,459

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

Note 2 - Interim Financial Presentation (Detail)	3 Months Ended		9 Months Ended
Note 2 - Interim Financial Presentation (Detail)	Aug. 25, 2012	Aug. 27, 2011	Aug. 27, 2011
Blended Statutory Rate	38.00%	38.00%	38.00%

Note 3 - Revenue Recognition (Detail) - Total deferred revenue and cost - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Aug. 27, 2011	Aug. 27, 2011
Revenue deferred	$ 424	$ 1,678
Cost deferred	$ 297	$ 1,175

Note 4 - Accounts Receivable (Detail)	Aug. 25, 2012	Nov. 26, 2011
Percent of Gross Accounts Receivable Attributable to Amounts Owed by Licensees	69.00%	67.00%
Percent of Allowance for Doubtful Accounts Attributable to Amounts Owed by Licensees	88.00%	79.00%

Note 4 - Accounts Receivable (Detail) - Accounts receivable - USD ($) $ in Thousands	Aug. 25, 2012	Nov. 26, 2011
Gross accounts receivable	$ 16,711	$ 16,848
Allowance for doubtful accounts	(2,243)	(2,092)
Accounts receivable, net	$ 14,468	$ 14,756

Note 4 - Accounts Receivable (Detail) - Activity in the allowance for doubtful accounts - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2012	Aug. 27, 2011	Aug. 25, 2012	Aug. 27, 2011
Additions Charged to Expense [Member]
Additions charged to expense			$ 417
Balance at November 26, 2011			2,092
Additions charged to expense	$ 161	$ 90	416	$ 13,116
Write-offs and other deductions			(266)
Balance at August 25, 2012	$ 2,243		$ 2,243

Note 5 - Inventories (Detail) - Inventories - USD ($) $ in Thousands	Aug. 25, 2012	Nov. 26, 2011
Wholesale finished goods	$ 31,261	$ 26,873
Work in process	328	222
Raw materials and supplies	8,149	5,660
Retail merchandise	23,361	20,504
Total inventories on first-in, first-out method	63,099	53,259
LIFO adjustment	(7,449)	(6,955)
Reserve for excess and obsolete inventory	(1,106)	(1,175)
	$ 54,544	$ 45,129

- Definition

The amount of the valuation account as of the balance sheet date which reduces the carrying amount of inventory to net realizable value; takes into consideration such factors as market value, excessive quantities based on expected sales, technological obsolescence, and shrinkage. May also provide for estimated product returns or price concessions pertaining to product cost.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.BB)
-URI http://asc.fasb.org/extlink&oid=6386940&loc=d3e100047-122729

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SX 210.12-09)
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24092-122690

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6386567&loc=d3e3927-108312

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Paragraph 14
-Chapter 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Paragraph 8, 9, 14
-Chapter 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section A
-Paragraph 9
-Chapter 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 09
-Article 12

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 6
-Subparagraph a
-Article 5

+ Details

Note 5 - Inventories (Detail) - Activity in the reserves for excess quantities and obsolete inventory by segment $ in Thousands	9 Months Ended
	Aug. 25, 2012 USD ($)
Wholesale Segment [Member]
Balance at November 26, 2011	$ 987
Additions charged to expense	866
Write-offs	(1,011)
Balance at August 25, 2012	842
Retail Segment [Member]
Balance at November 26, 2011	188
Additions charged to expense	251
Write-offs	(175)
Balance at August 25, 2012	264
Balance at November 26, 2011	1,175
Additions charged to expense	1,117
Write-offs	(1,186)
Balance at August 25, 2012	$ 1,106

Charge to cost of goods sold that represents the reduction of the carrying amount of inventory, generally attributable to obsolescence or market conditions.

+ References + Details

Note 6 - Notes Receivable (Detail) - USD ($) $ in Thousands	9 Months Ended
Note 6 - Notes Receivable (Detail) - USD ($) $ in Thousands	Aug. 25, 2012	Nov. 26, 2011
Minimum [Member]
Notes Receivable Interest Rate	2.00%
Maximum [Member]
Notes Receivable Interest Rate	6.00%
Percentage of Notes Receivable Converted from Past Due Accounts Receivable	44.00%	44.00%
Notes Receivable, Fair Value Disclosure (in Dollars)	$ 1,778	$ 1,877

Note 6 - Notes Receivable (Detail) - Notes receivable - USD ($) $ in Thousands	Aug. 25, 2012	Nov. 26, 2011
Notes receivable	$ 5,917	$ 6,017
Allowance for doubtful accounts and discounts on notes receivable	(4,139)	(4,140)
Notes receivable, net	1,778	1,877
Less: current portion of notes receivable	(75)	(75)
Long term notes receivable	$ 1,703	$ 1,802

- Definition

An amount representing an agreement for an unconditional promise by the maker to pay the Company (holder) a definite sum of money within one year from the balance sheet date (or the normal operating cycle, whichever is longer), net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale.

+ References + Details

Note 6 - Notes Receivable (Detail) - Schedule of notes receivable and related allowances, disaggregated by class - USD ($) $ in Thousands	Aug. 25, 2012	Nov. 26, 2011
Include Impaired Notes and Allowances [Member] \| Due From Current Licensees [Member]
Gross Notes Receivable	$ 1,529
Doubtful Accounts and Discounts	(1,529)
Include Impaired Notes and Allowances [Member] \| Secured by Real Estate [Member]
Gross Notes Receivable	1,558
Doubtful Accounts and Discounts	(975)
Notes Receivable Net	583
Include Impaired Notes and Allowances [Member] \| Unsecured [Member]
Gross Notes Receivable	1,635
Doubtful Accounts and Discounts	(1,635)
Include Impaired Notes and Allowances [Member]
Gross Notes Receivable	4,722
Doubtful Accounts and Discounts	(4,139)
Notes Receivable Net	583
Due From Current Licensees [Member]
Gross Notes Receivable	1,529
Doubtful Accounts and Discounts	(1,529)
Secured by Real Estate [Member]
Gross Notes Receivable	2,657
Doubtful Accounts and Discounts	(975)
Notes Receivable Net	1,682
Unsecured [Member]
Gross Notes Receivable	1,635
Doubtful Accounts and Discounts	(1,635)
Other Notes [Member]
Gross Notes Receivable	96
Notes Receivable Net	96
Gross Notes Receivable	5,917	$ 6,017
Doubtful Accounts and Discounts	(4,139)	(4,140)
Notes Receivable Net	$ 1,778	$ 1,877

Note 6 - Notes Receivable (Detail) - The average recorded investment in the impaired notes by class $ in Thousands	Aug. 25, 2012 USD ($)
Secured by Real Estate [Member]
Impaired notes	$ 583
Unsecured [Member]
Impaired notes	0
Due From Current Licensees [Member]
Impaired notes	0
Impaired notes	$ 583

Note 6 - Notes Receivable (Detail) - The aging of our investment in notes receivable by class
$ in Thousands

Aug. 25, 2012

USD ($)

Due From Current Licensees [Member]

Current

$ 1,137

30-90 Days Past Due

Over 90 Days Past Due

306

^[1]

Total

1,529

Secured by Real Estate [Member]

Current

947

30-90 Days Past Due

Over 90 Days Past Due

1,681

^[1]

2,657

Over 90 Days Past Due

1,635

^[1]

1,635

Over 90 Days Past Due

^[1]

Total

Current

2,180

30-90 Days Past Due

115

Over 90 Days Past Due

3,622

^[1]

Total

$ 5,917

[1]	Balance over 90 days past due represents notes in default.

Note 6 - Notes Receivable (Detail) - Schedule of allowance for doubtful accounts and discounts $ in Thousands	9 Months Ended
	Aug. 25, 2012 USD ($)
Due From Current Licensees [Member]
Balance	$ 1,529
Balance	1,529
Secured by Real Estate [Member]
Balance	975
Balance	975
Unsecured [Member]
Balance	1,636
Recovery credited to expense	(1)
Balance	1,635
Balance	4,140
Recovery credited to expense	(1)
Balance	$ 4,139

Note 7 - Unconsolidated Affiliated Companies (Detail) - USD ($)
$ in Thousands

3 Months Ended

4 Months Ended

9 Months Ended

May 28, 2011

May 02, 2011

Aug. 27, 2011

Aug. 25, 2012

Nov. 26, 2011

May 01, 2011

Zenith Freight Lines [Member]

Equity Method Investment, Ownership Percentage

49.00%

IHFC [Member]

Equity Method Investment, Ownership Percentage

46.90%

Equity Method Investment, Ownership Percentage

46.90%

Equity Method Investments

$ 6,294

$ 6,137

Equity Method Investment, Realized Gain (Loss) on Disposal

$ 85,542

Cost Method Investments

^[1]

$ 1,000

[1]	Included in other non-current assets in the accompanying condensed consolidated balance sheet at August 25, 2012.

- Definition

This item represents the aggregate carrying amount of all cost-method investments as reported on or included in the balance sheet. The original cost of the investments may differ from the aggregate carrying amount disclosed due to various adjustments such as: (i) dividends received in excess of earnings after the date of investment that are considered a return of investment and therefore recorded as reductions to cost of the investment, or (ii) a series of operating losses of an investee or other factors which may indicate that a decrease in value of the investment has occurred which is other than temporary and accordingly such decrease in value has been recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.12)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 325
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6872867&loc=d3e40691-111596

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 325
-SubTopic 20
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6383889&loc=d3e40346-111594

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 18
-Paragraph 6
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 18
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-1
-Paragraph 22
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 7 - Unconsolidated Affiliated Companies (Detail) - Income from unconsolidated affiliated companies - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2012	Aug. 27, 2011	Aug. 25, 2012	Aug. 27, 2011
Zenith Freight Lines [Member] \| Income [Member]
Income (loss) from equity method investments	$ 23	$ (139)	$ 157	$ (48)
Zenith Freight Lines [Member] \| Dividends Received [Member]
Income (loss) from equity method investments				0
IHFC [Member] \| Income [Member]
Income (loss) from equity method investments				1,832
IHFC [Member] \| Dividends Received [Member]
Income (loss) from equity method investments				3,756
Income (loss) from equity method investments	$ 23	$ (139)	$ 157	$ 1,784

- Definition

This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=16385135&loc=d3e33749-111570

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.12)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 9
-Article 5

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 18
-Paragraph 19
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 18
-Paragraph 6
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 11
-Article 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 7 - Unconsolidated Affiliated Companies (Detail) - Summarized unaudited income statement information for IHFC - USD ($) $ in Thousands	3 Months Ended		5 Months Ended	9 Months Ended
	Aug. 25, 2012	Aug. 27, 2011	Apr. 30, 2011	Aug. 25, 2012	Aug. 27, 2011
IHFC [Member]
Revenue			$ 15,875
Operating income			9,876
Net income			$ 3,908
Operating income	$ 766	$ (229)		$ 2,565	$ (21,730)
Net income	$ 2,371	$ 417		$ 9,817	$ 54,709

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 10, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A7
-Appendix A

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 87-21
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28, 29, 30
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

+ Details

Note 8 - Real Estate Notes Payable and Bank Credit Facility (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Aug. 27, 2011	Aug. 27, 2011	Aug. 25, 2012	Dec. 09, 2011	Nov. 26, 2011
Debt Instrument, Interest Rate, Stated Percentage			6.73%
Real Estate Investment Property, Net			$ 6,431		$ 6,558
Secured Debt, Current			212		202
Secured Long-term Debt, Noncurrent			3,502		3,662
Gains (Losses) on Extinguishment of Debt	$ 869	$ 1,305
Loans Payable, Fair Value Disclosure			3,720		3,804
Line of Credit Facility, Maximum Borrowing Capacity				$ 3,000
Outstanding Letters of Credit			1,966		2,318
Line of Credit Facility, Remaining Borrowing Capacity			$ 1,034		$ 682

Note 8 - Real Estate Notes Payable and Bank Credit Facility (Detail) - Real estate notes payable - USD ($) $ in Thousands	Aug. 25, 2012	Nov. 26, 2011
Real estate notes payable	$ 3,714	$ 3,864
Less:
Current portion of real estate notes payable	(212)	(202)
	$ 3,502	$ 3,662

Note 9 - Comprehensive Income (Detail) - Summary of total comprehensive income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2012	Aug. 27, 2011	Aug. 25, 2012	Aug. 27, 2011
Net income	$ 2,371	$ 417	$ 9,817	$ 54,709
Other comprehensive income (loss):
Net change in unrealized holding gains and losses	42	(2)	119	(27)
Amortization associated with SERP Plan	8	6	24	19
Changes in related deferred tax effects (see Note 2)			(511)
Total comprehensive income	$ 2,421	$ 421	$ 9,449	$ 54,701

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Net of tax and reclassification adjustments amount of the increase (decrease) in accumulated other comprehensive income (loss) related to pension and other postretirement benefit plans, attributable to the parent entity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569616-111683

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(3)
-URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569643-111683

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 30
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 29
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Net of tax amount of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 10A
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669646-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e637-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 13
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 17, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 24
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 9 - Comprehensive Income (Detail) - Summary of the changes in accumulated other comprehensive income (loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2012	Aug. 27, 2011	Aug. 25, 2012	Aug. 27, 2011
Balance at November 26, 2011			$ (608)
Balance at August 25, 2012	$ (976)		(976)
Net change in unrealized holding gains and losses	42	$ (2)	119	$ (27)
Amortization associated with SERP Plan	$ 8	$ 6	24	$ 19
Changes in related deferred tax effects (see Note 2)			$ (511)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e637-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e681-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669686-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 31
-Article 5

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

Net of tax amount of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities.

+ References

+ Details

Note 10 - Licensee Acquisitions (Detail) $ in Thousands	3 Months Ended		9 Months Ended
Note 10 - Licensee Acquisitions (Detail) $ in Thousands	Aug. 25, 2012 USD ($)	Aug. 27, 2011	Aug. 25, 2012 USD ($)	Aug. 27, 2011
Knoxville [Member]
Business Acquisition, Cost of Acquired Entity, Purchase Price (in Dollars)	$ 673		$ 673
Business Acquisition, Cost of Acquired Entity, Cash Paid (in Dollars)	485		485
Business Acquisition, Cost of Acquired Entity, Other Noncash Consideration (in Dollars)	188		188
Business Acquisition, Purchase Price Allocation, Goodwill Amount (in Dollars)	$ 375		$ 375
Number of Stores Acquired	1	2	1	6

Note 10 - Licensee Acquisitions (Detail) - Net assets acquired and consideration given - USD ($) $ in Thousands	Aug. 25, 2012	Aug. 27, 2011
Quarter Ended [Member]
Net assets acquired:
Inventory	$ 467	$ 837
Property and equipment/other	35	152
Goodwill	375
Customer deposits and other accrued expenses	(204)	(682)
Total net assets acquired	673	307
Consideration given:
Accounts receivable	188	307
Cash	485
Total consideration	673	307
Nine Months Ended [Member]
Net assets acquired:
Inventory	467	2,566
Property and equipment/other	35	719
Goodwill	375
Customer deposits and other accrued expenses	(204)	(2,156)
Total net assets acquired	673	1,129
Consideration given:
Accounts receivable	188	1,129
Cash	485
Total consideration	$ 673	$ 1,129

Note 10 - Licensee Acquisitions (Detail) - Net sales and operating loss generated subsequent to the acquisition - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2012	Aug. 27, 2011	Aug. 25, 2012	Aug. 27, 2011
Retail Stores Acquired [Member]
Net sales	$ 237	$ 2,551	$ 237	$ 6,321
Operating loss	(34)	(418)	(34)	(318)
Net sales	64,438	59,417	192,860	189,942
Operating loss	$ 766	$ (229)	$ 2,565	$ (21,730)

Note 10 - Licensee Acquisitions (Detail) - Schedule of Goodwill $ in Thousands	9 Months Ended
	Aug. 25, 2012 USD ($)
Wholesale Segment [Member]
Balance	$ 276
Goodwill from store acquisition	236
Balance	512
Retail Segment [Member]
Balance	159
Goodwill from store acquisition	139
Balance	298
Balance	435
Goodwill from store acquisition	375
Balance	$ 810

- Definition

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph l
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 11 - Contingencies (Detail) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
Note 11 - Contingencies (Detail) - USD ($) $ in Thousands	Aug. 31, 2012	Aug. 25, 2012	Nov. 26, 2011
Lease Obligations of Licensee Operators [Member]
Loss Contingency, Estimate of Possible Loss		$ 2,214	$ 2,515
Loans to Licensees to Finance Operating Requirements [Member]
Loss Contingency, Estimate of Possible Loss		$ 27	186
Guarantor Obligations, Term		three
Loss Contingency, Damages Awarded, Value	$ 1,354
Operating Leases, Future Minimum Payments Due		$ 74,911	73,249
Guarantor Obligations, Current Carrying Value		$ 602	$ 508

Note 12 - Post-Employment Benefit Obligations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2012	Aug. 27, 2011	Aug. 25, 2012	Aug. 27, 2011	Nov. 26, 2011
Unfunded Deferred Compensation Plan [Member]
Postemployment Benefits Liability, Noncurrent	$ 2,631		$ 2,631		$ 2,818
Postemployment Benefits Liability	9,154		9,154		9,326
Pension Expense	78	$ 83	234	$ 249
Postemployment Benefits Liability, Noncurrent	$ 10,919		$ 10,919		$ 11,226

- Definition

The amount of pension benefit costs recognized during the period for (1) defined benefit plans and (2) defined contribution plans. For defined benefit plans, pension expense includes the following components: service cost, interest cost, expected return on plan assets, gain (loss) on plan assets, prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. For defined contribution plans, the pension expense generally equals the firm's contribution to employees' accounts (if the firm contributes) during the period.

+ References + Details

- Definition

The carrying amount as of the balance sheet date of the obligations recognized for the various benefits provided to former or inactive employees, their beneficiaries, and covered dependents after employment but before retirement.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 712
-SubTopic 10
-Section 25
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6410138&loc=d3e79691-111665

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 712
-SubTopic 10
-Section 25
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6410138&loc=d3e79708-111665

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.15)
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.15)
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 112
-Paragraph 6
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 112
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 112
-Paragraph 5
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 12 - Post-Employment Benefit Obligations (Detail) - Pension Liability - USD ($) $ in Thousands	Aug. 25, 2012	Nov. 26, 2011
Supplemental Employee Retirement Plans, Defined Benefit [Member]
Other accrued liabilities	$ 866	$ 866
Post employment benefit obligations	8,288	8,460
Post employment benefit obligations	10,919	11,226
Total pension liability	$ 9,154	$ 9,326

- Definition

+ References

+ Details

Note 12 - Post-Employment Benefit Obligations (Detail) - Components of net periodic pension costs - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2012	Aug. 27, 2011	Aug. 25, 2012	Aug. 27, 2011
Service cost	$ 14	$ 12	$ 41	$ 36
Interest cost	94	105	282	315
Amortization of transition obligation	11	11	32	33
Amortization of actuarial loss	3		8
Net periodic pension cost	$ 122	$ 128	$ 363	$ 384

- Definition

The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time.

+ References + Details

- Definition

The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Service Cost (Component of Net Periodic Pension Cost)
-URI http://asc.fasb.org/extlink&oid=6525008

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph a, h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 13 - Earnings Per Share (Detail) - shares	3 Months Ended		9 Months Ended
Note 13 - Earnings Per Share (Detail) - shares	Aug. 25, 2012	Aug. 27, 2011	Aug. 25, 2012	Aug. 27, 2011
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	472,500	928,514	713,500	928,514

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 13 - Earnings Per Share (Detail) - Reconciliation of basic and diluted earnings per share - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2012	Aug. 27, 2011	Aug. 25, 2012	Aug. 27, 2011
Net income (in Dollars)	$ 2,371	$ 417	$ 9,817	$ 54,709
Weighted average shares	10,945,784	11,454,409	11,074,265	11,492,497
Net income per share (in Dollars per share)	$ 0.22	$ 0.04	$ 0.89	$ 4.76
Add effect of dilutive securities:
Weighted average shares	123,835	124,849	97,727	87,826
Net income per share (in Dollars per share)	$ (0.01)		$ (0.01)	$ (0.04)
Net income (in Dollars)	$ 2,371	$ 417	$ 9,817	$ 54,709
Weighted average shares	11,069,619	11,579,258	11,171,992	11,580,323
Net income per share (in Dollars per share)	$ 0.21	$ 0.04	$ 0.88	$ 4.72

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic net Income or Loss per outstanding limited partnership unit in the future and that were not included in the computation of diluted net income per limited partnership unit, because to do so would increase net income per unit amounts or decrease loss per unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1533-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1536-109256

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04.23)
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 18
-Article 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 36, 37, 38
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 20
-Article 5

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 21
-Article 9

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References + Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 14 - Financial Instruments and Fair Value Measurements (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2012	Aug. 27, 2011	Aug. 25, 2012	Aug. 27, 2011
Gain (Loss) on Investments [Member]
Gain Loss Previously Included in Other Comprehensive Income			$ 33	$ 28
Fixed Income Investments [Member]
Marketable Securities	$ 1,684		1,684
Marketable Securities, Realized Gain (Loss), Excluding Other than Temporary Impairments	$ 21	$ 33	116	$ 137
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net			$ 806

- Definition

The amount of other than temporary impairment (OTTI) losses on equity securities, OTTI related to credit losses on debt securities, and OTTI losses on debt securities when the entity intends to sell the securities or it is more likely than not that the entity will be required to sell the securities before recovery of its amortized cost basis. Additionally, this item includes OTTI losses recognized during the period on investments accounted for under the cost method of accounting.

+ References + Details

Note 14 - Financial Instruments and Fair Value Measurements (Detail) - Available-for-sale securities - USD ($) $ in Thousands	Aug. 25, 2012	Nov. 26, 2011
Bond Mutual Fund Shares [Member]
Cost Basis	$ 1,249	$ 1,175
Gross Unrealized Gain	273	149
Gross Unrealized Loss		(4)
Market Value	1,522	1,320
US Government Agencies Debt Securities [Member]
Cost Basis	1,059	908
Gross Unrealized Gain	34	38
Market Value	1,093	946
US Treasury Securities [Member]
Cost Basis	573	648
Gross Unrealized Gain	18	26
Gross Unrealized Loss		(1)
Market Value	591	673
Cost Basis	2,881	2,731
Gross Unrealized Gain	325	213
Gross Unrealized Loss		(5)
Market Value	$ 3,206	$ 2,939

- Definition

This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale.

+ References + Details

Note 14 - Financial Instruments and Fair Value Measurements (Detail) - Fixed income securities classified by contractual maturity date - USD ($) $ in Thousands	Aug. 25, 2012	Nov. 26, 2011
Fixed Income Securities [Member]
Less than 5 years	$ 0
5-10 years	561
11-20 years	29
Over 20 years	1,094
	1,684
	$ 3,206	$ 2,939

- Definition

+ References + Details

Note 14 - Financial Instruments and Fair Value Measurements (Detail) - Fair values of our marketable securities - USD ($) $ in Thousands	Aug. 25, 2012	Nov. 26, 2011
Fair Value, Inputs, Level 1 [Member]
Assets
Marketable securities	$ 3,206
Total Assets	3,206
Fair Value, Inputs, Level 2 [Member]
Assets
Marketable securities	0
Total Assets	0
Fair Value, Inputs, Level 3 [Member]
Assets
Marketable securities	0
Total Assets	0
Marketable securities	3,206	$ 3,745
Total Assets	$ 3,206

- Definition

+ References + Details

Note 14 - Financial Instruments and Fair Value Measurements (Detail) - Changes to the assets measured at fair value on a recurring basis $ in Thousands	9 Months Ended
	Aug. 25, 2012 USD ($)
Balance at November 26, 2011	$ 806
Total losses included in earnings related to change in underlying net assets	(806)
Balance August 25, 2012	$ 0

Note 14 - Financial Instruments and Fair Value Measurements (Detail) - Carrying values and approximate fair values of certain financial instruments - USD ($) $ in Thousands	Aug. 25, 2012	Nov. 26, 2011	Aug. 27, 2011	Nov. 27, 2010
Lease and Loan Guarantees [Member]
Liabilities:
Lease/loan guarantee reserves	$ 602	$ 508
Lease/loan guarantee reserves	602	508
Cash and cash equivalents	57,967	69,601	$ 68,889	$ 11,071
Cash and cash equivalents	57,967	69,601
Accounts receivable, net	14,468	14,756
Accounts receivable, net	14,468	14,756
Notes receivable, net	1,778	1,877
Notes receivable, net	1,778	1,877
Investments	3,206	3,745
Investments	3,206	3,745
Accounts payable	19,170	18,821
Accounts payable	19,170	18,821
Real estate notes payable	3,714	3,864
Real estate notes payable	$ 3,720	$ 3,804

Note 15 - Restructuring, Asset Impairment, and Other Charges (Detail) $ in Thousands	3 Months Ended	9 Months Ended
	Aug. 27, 2011 USD ($)	Aug. 25, 2012 USD ($)	Aug. 27, 2011 USD ($)	Aug. 25, 2011 USD ($)
Bassett [Member] \| Demolition of Closed Facility [Member]
Restructuring, Settlement and Impairment Provisions		$ 203
Bassett [Member] \| Write-down Of Closed Facility [Member]
Restructuring, Settlement and Impairment Provisions			$ 550
Mt. Airy [Member] \| Write-down Of Closed Facility [Member]
Restructuring, Settlement and Impairment Provisions			566
Richmond [Member]
Gain (Loss) on Contract Termination		228
Demolition of Closed Facility [Member]
Restructuring, Settlement and Impairment Provisions	$ 123	588	1,116
Write-down Of Closed Facility [Member]
Restructuring, Settlement and Impairment Provisions		385
Write-off of Leasehold Improvements [Member]
Restructuring, Settlement and Impairment Provisions		123	966
Previously Closed Retail Locations [Member]
Gain (Loss) on Contract Termination		131	1,007
Lease Exit Costs and Lease Modifications [Member]
Gain (Loss) on Contract Termination			3,728
Lease Exit [Member]
Gain (Loss) on Contract Termination		228	1,221
Modification of Lease [Member]
Gain (Loss) on Contract Termination				$ 1,500
Licensee Debt Cancellation Charges			6,447
Restructuring, Settlement and Impairment Provisions	$ 123	711	$ 2,082
Number of Closed Stores Impaired	6		6
Gain (Loss) on Contract Termination		$ 359	$ 3,728

Note 15 - Restructuring, Asset Impairment, and Other Charges (Detail) - Restructuring, asset impairment and other charges - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Aug. 27, 2011	Aug. 25, 2012	Aug. 27, 2011
Demolition of Closed Facility [Member]
Restructuring and asset impairment charges:
Restructuring and asset impairment charges	$ 123	$ 588	$ 1,116
Write-off of Leasehold Improvements [Member]
Restructuring and asset impairment charges:
Restructuring and asset impairment charges		123	966
Lease Exit [Member]
Lease exit costs:
Lease exit costs and lease modification		228	1,221
Lease Modification [Member]
Lease exit costs:
Lease exit costs and lease modification			1,500
Licensee debt cancellation charges			6,447
Restructuring and asset impairment charges	123	711	2,082
Lease exit costs and lease modification		359	3,728
Changes in estimates related to previously closed Company-owned retail stores		131	1,007
Total lease exit costs		359	3,728
Total charges related to debt cancellation, restructuring, asset impairment, and lease exit costs included in income (loss) from operations	$ 123	$ 1,070	$ 12,257

Note 15 - Restructuring, Asset Impairment, and Other Charges (Detail) - Activity related to our accrued lease exit costs - USD ($) $ in Thousands	9 Months Ended
	Aug. 25, 2012	Nov. 26, 2011
Lease Exit [Member]
Current portion included in other accrued liabilities	$ 1,813
Long-term portion included in other long-term liabilities	1,347
Accrued lease exit costs	3,160	$ 4,358
	3,160
Provisions associated with Company-owned retail store closures	228
Provisions made to adjust previous estimates	210
Payments on unexpired leases	(1,752)
Accretion of interest on obligations	$ 116

Note 16 - Non-Operating Income and Expense (Detail) - USD ($)
$ in Thousands

3 Months Ended

4 Months Ended

9 Months Ended

Feb. 25, 2012

Aug. 27, 2011

May 02, 2011

Aug. 25, 2012

Aug. 27, 2011

Nov. 26, 2011

Henderson, Nevada and Chesterfiled [Member] | Idle Retail Locations [Member]

Restructuring, Settlement and Impairment Provisions

$ 2,106

Cash Received at Closing [Member]

Proceeds from Sale of Equity Method Investments

$ 67,752

Recognized as Receivable at Closing [Member]

Proceeds from Sale of Equity Method Investments

1,400

Tax Contingency Escrowed at Closing [Member]

Proceeds from Sale of Equity Method Investments

$ 1,413

Indemnification Escrow Receivable [Member]

Other Assets, Current

$ 2,348

Idle Retail Locations [Member]

Gain (Loss) on Contract Termination

837

Write-off Tenant Improvements [Member]

Restructuring, Settlement and Impairment Provisions

1,847

Reduced Estimates of Recoverable Lease Costs [Member]

Gain (Loss) on Contract Termination

Income from Continued Dumping and Subsidy Offset Act

9,010

Equity Method Investment, Ownership Percentage

46.90%

Proceeds from Sale of Equity Method Investments

$ 70,565

^[1]

1,410

69,152

Other Assets, Current

7,614

$ 7,778

Restructuring, Settlement and Impairment Provisions

$ 123

711

2,082

Gain (Loss) on Contract Termination

$ 359

$ 3,728

[1]	$67,752 received at closing on May 2, 2011; additional consideration of $1,400 recognized as receivable at closing was received during the third quarter of 2011; and $1,413 of tax contingency escrowed at closing was released to us during the first quarter of fiscal 2012.

Note 16 - Non-Operating Income and Expense (Detail) - Consideration received and gain from the sale of IHFC - USD ($)
$ in Thousands

3 Months Ended

4 Months Ended

9 Months Ended

May 28, 2011

May 02, 2011

Aug. 25, 2012

Aug. 27, 2011

Consideration received:

Cash received at and subsequent to closing (1)

$ 70,565

^[1]

$ 1,410

$ 69,152

Indemnification escrow receivable (2)

^[2]

4,695

Investment in IMC (3)

^[3]

1,000

Total consideration received

76,260

Investment in IHFC:

Distributions in excess of affiliate earnings

9,282

Gain on sale of affiliate

$ 85,542

[1]	$67,752 received at closing on May 2, 2011; additional consideration of $1,400 recognized as receivable at closing was received during the third quarter of 2011; and $1,413 of tax contingency escrowed at closing was released to us during the first quarter of fiscal 2012.
[2]	$2,348 included in other current assets in the accompanying condensed consolidated balance sheet at August 25, 2012, with the remainder included in other non-current assets.
[3]	Included in other non-current assets in the accompanying condensed consolidated balance sheet at August 25, 2012.

- Definition

+ References

+ Details

Note 16 - Non-Operating Income and Expense (Detail) - Other income (loss), net - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2012	Aug. 27, 2011	Aug. 25, 2012	Aug. 27, 2011
Other Income or Loss [Member]
Retail real estate impairment charges				$ (3,953)
Lease exit costs			$ (74)	(837)
Write down for impairment of Fortress (Note 14)			(806)
Income (loss) from unconsolidated affiliated companies, net (Note 7)	$ 23	$ (139)	157	1,784
Interest expense	(72)	(416)	(228)	(824)
Loan and lease guarantee recovery (expense)	23	141	(197)	(1,315)
Retail real estate impairment charges				(4,790)
Lease exit costs			(359)	(3,728)
Gain on mortgage settlements (Note 8)		869		1,305
Other	(289)	(151)	(1,091)	(1,630)
Other income (loss) net	$ (315)	$ 304	$ (2,239)	$ (5,470)

Note 18 - Segment Information (Detail)	9 Months Ended
Note 18 - Segment Information (Detail)	Aug. 25, 2012
Number of Reportable Segments	3

Note 18 - Segment Information (Detail) - Segment information - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2012	Aug. 27, 2011	Aug. 25, 2012	Aug. 27, 2011
Wholesale Segment [Member]
Net Sales
Net Sales	$ 44,805	$ 41,905	$ 133,355	$ 133,626
Income (loss) from Operations
Income (loss) from Operations	1,711	1,540	5,575	(6,504)
Depreciation and Amortization
Depreciation and Amortization	259	271	825	959
Capital Expenditures
Capital Expenditures	1,268	361	2,303	493
Retail Segment [Member]
Net Sales
Net Sales	41,178	33,609	122,800	108,598
Income (loss) from Operations
Income (loss) from Operations	(1,503)	(1,775)	(2,437)	(3,911)
Depreciation and Amortization
Depreciation and Amortization	929	832	2,700	2,483
Capital Expenditures
Capital Expenditures	1,238	1,134	4,545	1,966
Intersegment Elimination [Member]
Net Sales
Net Sales	(21,545)	(16,097)	(63,295)	(52,282)
Income (loss) from Operations
Income (loss) from Operations	558	129	497	942
Investments or Real Estate [Member]
Depreciation and Amortization
Depreciation and Amortization	128	140	406	708
Capital Expenditures
Capital Expenditures			10
Net Sales	64,438	59,417	192,860	189,942
Income (loss) from Operations	766	(229)	2,565	(21,730)
Licensee debt cancellation charge				(6,447)
Restructuring and asset impairment charges		(123)	(711)	(2,082)
Lease exit costs			(359)	(3,728)
Depreciation and Amortization	1,316	1,243	3,931	4,150
Capital Expenditures	$ 2,506	$ 1,495	$ 6,858	$ 2,459

Note 18 - Segment Information (Detail) - Identifiable assets - USD ($) $ in Thousands	Aug. 25, 2012	Nov. 26, 2011
Wholesale Segment [Member]
Assets	$ 140,765	$ 142,361
Retail Segment [Member]
Assets	64,896	60,811
Investments or Real Estate [Member]
Assets	16,078	20,002
Assets	$ 221,739	$ 223,174

Note 19 - Subsequent Events (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 29, 2012	Aug. 25, 2012	Aug. 27, 2011	Aug. 25, 2012	Aug. 27, 2011	Oct. 26, 2012	Dec. 09, 2011	Nov. 26, 2011
Subsequent Event [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 15,000		$ 15,000
Line of Credit Facility, Maximum Borrowing Capacity							$ 3,000
Common Stock, Dividends, Per Share, Declared (in Dollars per share)	$ 1.25	$ 0.05	$ 0.03	$ 0.15	$ 0.06
Dividends Payable, Current		$ 545		$ 545		$ 13,600		$ 6,063