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Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Nov. 24, 2012	Jan. 31, 2013	May 26, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	BASSETT FURNITURE INDUSTRIES INC
Document Type	10-K
Current Fiscal Year End Date	--11-24
Entity Common Stock, Shares Outstanding		10,844,152
Entity Public Float			$ 106,478,858
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	Nov. 24, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	FY

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 24, 2012	Nov. 26, 2011
Current assets
Cash and cash equivalents	$ 45,566	$ 69,601
Accounts receivable, net of allowance for doubtful accounts of $1,789 and $2,092 as of November 24, 2012 and November 26, 2011, respectively	15,755	14,756
Inventories	57,916	45,129
Deferred income taxes, net	6,832	393
Other current assets	6,439	10,324
Total current assets	132,508	140,203
Property and equipment, net	56,624	49,946
Other long-term assets
Retail real estate	12,736	16,257
Deferred income taxes, net	10,485	767
Other	14,827	16,001
Total other long-term assets	38,048	33,025
Total assets	227,180	223,174
Current liabilities
Accounts payable	22,405	18,821
Accrued compensation and benefits	6,926	7,201
Customer deposits	12,253	9,238
Dividends payable	542	6,063
Other accrued liabilities	10,454	10,504
Total current liabilities	52,580	51,827
Long-term liabilities
Post employment benefit obligations	11,577	11,226
Real estate notes payable	3,053	3,662
Other long-term liabilities	2,690	4,024
Total long-term liabilities	17,320	18,912
Commitments and Contingencies
Stockholders’ equity
Common stock, $5 par value; 50,000,000 shares authorized; issued and outstanding 10,836,840 at November 24, 2012 and 11,342,332 at November 26, 2011	54,184	56,712
Retained earnings	104,319	96,331
Accumulated other comprehensive loss	(1,223)	(608)
Total stockholders' equity	157,280	152,435
Total liabilities and stockholders’ equity	$ 227,180	$ 223,174

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Nov. 24, 2012	Nov. 26, 2011
Accounts receivable allowance for doubtful accounts (in Dollars) (in Dollars) (in Dollars) (in Dollars) (in Dollars)	$ 1,789	$ 2,092
Common stock, par value (in Dollars per share) (in Dollars per share) (in Dollars per share) (in Dollars per share) (in Dollars per share)	$ 5	$ 5
Common stock, shares authorized (in Shares) (in Shares)	50,000,000	50,000,000
Common stock, shares issued (in Shares) (in Shares)	10,836,840	11,342,332
Common stock, shares outstanding (in Shares) (in Shares)	10,836,840	11,342,332

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Net sales	$ 269,672	$ 253,208	$ 235,254
Cost of sales	128,350	125,642	122,566
Gross profit	141,322	127,566	112,688
Selling, general and administrative expenses excluding bad debt and notes receivable valuation charges	134,796	122,023	110,808
Bad debt and notes receivable valuation charges	376	13,490	6,567
Licensee debt cancellation charges		6,447
Restructuring and impairment charges	711	2,500
Lease exit costs	359	3,728
Income (loss) from operations	5,080	(20,622)	(4,687)
Gain on sale of affiliate		85,542
Income from Continued Dumping & Subsidy Offset Act	9,010	765	488
Income from investments	453	163	2,325
Other than temporary impairment of investments	(806)
Income from unconsolidated affiliated companies, net	347	1,840	4,700
Interest expense	(295)	(912)	(1,994)
Retail real estate impairment charges		(3,953)
Other loss, net	(1,775)	(3,072)	(3,040)
Income (loss) before income taxes	12,014	59,751	(2,208)
Income tax benefit (provision)	14,699	(4,409)	206
Net income (loss)	$ 26,713	$ 55,342	$ (2,002)
Net income (loss) per share
Basic income (loss) per share (in Dollars per share)	$ 2.43	$ 4.84	$ (0.17)
Diluted income (loss) per share (in Dollars per share)	$ 2.41	$ 4.79	$ (0.17)

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Net income (loss)	$ 26,713	$ 55,342	$ (2,002)
Other comprehensive loss:
Actuarial adjustment to supplemental executive retirement defined benefit plan (SERP)	(656)	(619)	(666)
Income taxes related to SERP	277	486
Net change in unrealized holding gains	(211)	(73)	(1,879)
Income taxes related to unrealized holding gains	(25)	25
Other comprehensive income loss, net of tax	(615)	(181)	(2,545)
Total comprehensive income (loss)	$ 26,098	$ 55,161	$ (4,547)

- 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.

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- Definition

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

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Tax effect of the appreciation (loss) in value of unsold available-for-sale securities attributable to the parent entity. Excludes amounts related to other than temporary impairment (OTTI) losses.

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- Definition

Tax effect, net of reclassification adjustments, of the change in accumulated other comprehensive income (loss) related to pension and other postretirement benefit plans, attributable to the parent entity.

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- Definition

Net of tax amount of other comprehensive income (loss) attributable to the parent entity.

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- Definition

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

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+ Details

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Operating activities:
Net income (loss)	$ 26,713	$ 55,342	$ (2,002)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	5,473	5,514	5,966
Equity in undistributed income of investments and unconsolidated affiliated companies	(347)	(1,840)	(4,737)
Provision for restructuring and asset impairment charges	711	2,500
Licensee debt cancellation charges		6,447
Lease exit costs	359	2,228
Provision for lease and loan guarantees	(41)	1,283	1,407
Provision for losses on accounts and notes receivable	376	13,490	6,567
Other than temporary impairment of investments	806
Gain on sale of equity securities			(2,024)
Gain on mortgage settlement		(1,305)
Gain on sale of affiliate		(85,542)
Impairment and lease exit charges on retail real estate		4,790
Deferred income taxes	(15,822)	236
Other, net	642	214	256
Changes in operating assets and liabilities
Accounts receivable	(2,967)	1,034	(4,467)
Inventories	(11,307)	299	(5,443)
Other current assets	(276)	2,300	5,262
Accounts payable and accrued liabilities	3,636	(12,421)	7,003
Net cash provided by (used in) operating activities	7,956	(5,431)	7,788
Investing activities:
Purchases of property and equipment	(9,000)	(4,168)	(2,013)
Proceeds from sales and condemnation of property and equipment	19	211	4,247
Acquisition of retail licensee stores	(549)		(378)
Proceeds from sale of affiliate	1,410	69,152
Release of collateral restrictions on cash equivalents		11,240
Proceeds from sales of investments	4,854	3,297	9,101
Purchases of investments	(1,781)	(3,132)	(8,851)
Dividends from affiliates		3,756	937
Equity contribution to affiliate		(980)
Cash received on notes receivable	1,240	127	494
Net cash provided by (used in) investing activities	(3,807)	79,503	3,537
Financing activities:
Net repayments under revolving credit facility			(15,000)
Repayments of real estate notes payable	(570)	(8,647)	(7,530)
Repayments of other notes		(3,406)	(1,087)
Issuance of common stock	842	170	142
Repurchases of common stock	(7,015)	(2,964)
Cash dividends	(21,441)	(695)
Net cash used in financing activities	(28,184)	(15,542)	(23,475)
Change in cash and cash equivalents	(24,035)	58,530	(12,150)
Cash and cash equivalents - beginning of year	69,601	11,071	23,221
Cash and cash equivalents - end of year	$ 45,566	$ 69,601	$ 11,071

Consolidated Statements of Stockholders’ Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Nov. 28, 2009	$ 57,274	$ 481	$ 50,461	$ 2,118	$ 110,334
Balance (in Shares) at Nov. 28, 2009	11,454,716
Comprehensive loss
Net income (loss)			(2,002)		(2,002)
Actuarial adjustment to SERP				(666)	(666)
Net change in unrealized holding gains				(1,879)	(1,879)
Total comprehensive income (loss)					(4,547)
Issuance of common stock	$ 521	(379)			142
Issuance of common stock (in Shares)	104,258
Stock-based compensation		376			376
Balance at Nov. 27, 2010	$ 57,795	478	48,459	(427)	106,305
Balance (in Shares) at Nov. 27, 2010	11,558,974
Comprehensive loss
Net income (loss)			55,342		55,342
Actuarial adjustment to SERP				(133)	(133)
Net change in unrealized holding gains				(48)	(48)
Total comprehensive income (loss)					55,161
Regular dividends			(1,092)		(1,092)
Special dividend			(5,665)		(5,665)
Issuance of common stock	$ 771	(506)			265
Issuance of common stock (in Shares)	154,158
Purchase and retirement of common stock	$ (1,854)	(398)	(713)		(2,965)
Purchase and retirement of common stock (in Shares)	(370,800)
Stock-based compensation		426			426
Balance at Nov. 26, 2011	$ 56,712		96,331	(608)	$ 152,435
Balance (in Shares) at Nov. 26, 2011	11,342,332				11,342,332
Comprehensive loss
Net income (loss)			26,713		$ 26,713
Actuarial adjustment to SERP				(379)	(379)
Net change in unrealized holding gains				(236)	(236)
Total comprehensive income (loss)					26,098
Regular dividends			(2,214)		(2,214)
Special dividend			(13,706)		(13,706)
Issuance of common stock	$ 694	352			1,046
Issuance of common stock (in Shares)	138,903
Purchase and retirement of common stock	$ (3,222)	(988)	(2,805)		(7,015)
Purchase and retirement of common stock (in Shares)	(644,395)
Stock-based compensation		$ 636			636
Balance at Nov. 24, 2012	$ 54,184		$ 104,319	$ (1,223)	$ 157,280
Balance (in Shares) at Nov. 24, 2012	10,836,840				10,836,840

Consolidated Statements of Stockholders’ Equity (Parentheticals) - $ / shares	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011
Regular dividends per share	$ 0.20	$ 0.10
Special dividend per share	$ 1.25	$ 0.50

Note 1 - Description of Business

12 Months Ended

Nov. 24, 2012

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1. Description of Business

Bassett Furniture Industries, Incorporated (together with its consolidated subsidiaries, “Bassett”, “we”, “our”, the “Company”) based in Bassett, Va., is a leading manufacturer, marketer and retailer of branded home furnishings. Bassett’s full range of furniture products and accessories, designed to provide quality, style and value, are sold through an exclusive nation-wide network of 86 retail stores known as Bassett Home Furnishings (referred to as “BHF”). Of the 86 stores, the Company owns and operates 53 stores (“Company-owned retail stores”) with the other 33 being independently owned (“licensee operated”). We also distribute our products through other multi-line furniture stores, many of which feature Bassett galleries or design centers, specialty stores and mass merchants.

The Company sourced approximately 50% of its wholesale products to be distributed through the store network from various countries, with the remaining volume produced at its two domestic manufacturing facilities.

- Definition

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

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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Note 2 - Significant Accounting Policies

12 Months Ended

Nov. 24, 2012

Significant Accounting Policies [Text Block]

2. Significant Accounting Policies

Basis of Presentation and Principles of Consolidation

The Company’s fiscal year ends on the last Saturday in November, which periodically results in a 53-week year. Fiscal 2012, 2011, and 2010 each contained 52 weeks. The Consolidated Financial Statements include the accounts of Bassett Furniture Industries, Incorporated and our majority-owned subsidiaries for whom we have operating control. All significant intercompany balances and transactions are eliminated in consolidation. The financial statements have been prepared in accordance with generally accepted accounting principles in the United States ("GAAP"). Unless otherwise indicated, references in the Consolidated Financial Statements to fiscal 2012, 2011 and 2010 are to Bassett's fiscal year ended November 24, 2012, November 26, 2011 and November 27, 2010, respectively. References to the “ASC” included hereinafter refer to the Accounting Standards Codification established by the Financial Accounting Standards Board as the source of authoritative GAAP.

For comparative purposes, certain amounts in the 2011 and 2010 financial statements have been reclassified to conform to the 2012 presentation.

The equity method of accounting is used for our investments in affiliated companies in which we exercise significant influence but do not maintain operating control. Consolidated net income or net loss includes our proportionate share of the net income or net loss of these companies.

We analyzed our licensees under the requirements for variable interest entities (“VIEs”). All of these licensees operate as BHF stores and are furniture retailers. We sell furniture to these licensees, and in some cases have extended credit beyond normal terms, made lease guarantees, guaranteed loans, or loaned directly to the licensees. We have recorded reserves for potential exposures related to these licensees. See Note 18 for disclosure of leases, lease guarantees and loan guarantees. Based on financial projections and best available information, all licensees have sufficient equity to carry out their principal operating activities without subordinated financial support. Furthermore, we believe that the power to direct the activities that most significantly impact the licensees’ operating performance continues to lie with the ownership of the licensee dealers. Our rights to assume control over or otherwise influence the licensees’ significant activities only exist pursuant to our license and security agreements and are in the nature of protective rights as contemplated under ASC Topic 810. We completed our assessment for other potential VIEs, and concluded that there were none. We will continue to reassess the status of potential VIEs including when facts and circumstances surrounding each potential VIE change.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Some of the more significant estimates include allowances for doubtful accounts, valuation of inventories, valuation of deferred taxes, sales returns, loan and lease guarantees and insurance reserves. Actual results could differ from those estimates.

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. We offer terms varying from 30 to 60 days for wholesale customers. Estimates for returns and allowances for advertising and promotional arrangements have been recorded as a reduction to revenue. The contracts with our licensee store owners do not provide for any royalty or license fee to be paid to us. Revenue is reported net of any taxes collected.

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. During fiscal 2012, 2011 and 2010 there were two, four and seven dealers, respectively, for which these criteria were not met and therefore revenue was being recognized on a cost recovery basis. As of November 24, 2012, November 26, 2011, and November 27, 2010 there were zero, two, and seven dealers, respectively, that remained on the cost recovery basis. The cumulative amount of deferred gross profit is carried in the accompanying balance sheets as a reduction of gross accounts receivable until payment is received. The following table details the reduction of gross accounts receivable related to deferred gross profit:

	November 24, 2012		November 26, 2011		November 27, 2010

Reduction of gross accounts receivable	$	-	$	-	$	494

The following table details the total revenue and cost deferred for each fiscal year, prior to any subsequent recognition due to the transaction meeting the revenue recognition requirements:

	2012		2011		2010

Revenue deferred	$	-	$	1,678	$	947

Cost deferred	$	-	$	1,175	$	663

Cash Equivalents

The Company considers cash on hand, demand deposits in banks and all highly liquid investments with an original maturity of three months or less to be cash and cash equivalents.

Supplemental Cash Flow Information

In addition to the amounts paid, net of cash acquired, for the acquisition of licensee stores reported under investing activities in our consolidated statements of cash flows, the majority of such acquisitions were funded primarily through non-cash transactions in which receivables due from the licensees were settled in exchange for certain inventory and property and equipment of the licensees as well as the assumption of certain liabilities. The value of the non-cash portion of such transactions was $1,592, $2,298 and $2,751 for 2012, 2011, and 2010, respectively.

Accounts Receivable

Substantially all of our trade accounts receivable is due from customers located within the United States. We maintain an allowance for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. The allowance for doubtful accounts is based on a review of specifically identified accounts in addition to an overall aging analysis. Judgments are made with respect to the collectibility of accounts receivable based on historical experience and current economic trends. Actual losses could differ from those estimates. The majority of our trade accounts receivable and allowance for doubtful accounts are attributable to amounts owed to us by our licensees, with the remaining receivables due primarily from national account customers and traditional distribution channel customers. The percentages of our trade accounts receivable and related allowance for doubtful accounts owed to us by our licensees were as follows at November 24, 2012 and November 26, 2011:

	2012		2011
Portion of trade accounts receivable owed by licensees		52%		67%
Portion of allowance for doubtful accounts attributable to licensees		84%		79%

Notes Receivable

Previously, when in the ordinary course of business a licensee had substantial past due amounts due to the Company, but was otherwise considered viable and likely to continue as a going concern, we may have decided to move all or a portion of a licensee’s past due accounts receivable to a long-term interest-bearing note receivable. We believed that the note receivable allowed the licensee to focus on keeping current and future amounts current, while continuing to meet its financial obligations to us. This is no longer our policy, and we do not plan to convert additional past due receivables into long-term interest bearing notes in the foreseeable future. While the majority of our notes receivable were issued as conversions of existing accounts receivable, some were issued to assist licensees in opening or acquiring new stores in underserved markets, which we believed would benefit both the licensee and the Company. Some of these notes are collateralized by real estate.

We examine notes receivable for evidence of impairment, considering 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. 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. We do not accrue interest income due on notes for which the licensee is unable to make interest payments.

Concentrations of Credit Risk and Major Customers

Financial instruments that subject us to credit risk consist primarily of investments, accounts and notes receivable and financial guarantees. Investments are managed within established guidelines to mitigate risks. Accounts and notes receivable and financial guarantees subject us to credit risk partially due to the concentration of amounts due from and guaranteed on behalf of independent licensee customers. At November 24, 2012 and November 26, 2011, our aggregate exposure from receivables and guarantees related to customers consisted of the following:

	2012		2011
Accounts receivable, net of allowances (Note 4)	$	15,755	$	14,756
Notes receivable, net of allowances (Note 6)		636		1,877
Contingent obligations under lease and loan guarantees, less amounts recognized (Note 18)		1,684		2,193
Total credit risk exposure related to customers	$	18,075	$	18,826

At November 24, 2012 approximately 12% of the aggregate risk exposure, net of reserves, shown above was attributable to one licensee. At November 26, 2011, approximately 20% of the aggregate risk exposure, net of reserves, shown above was attributable to two licensees accounting for approximately 10% each. In fiscal 2012, 2011 and 2010, no customer accounted for more than 10% of total net sales.

We have no foreign manufacturing or retail operations. We define export sales as sales to any country or territory other than the United States or its territories or possessions. Our export sales were approximately $6,121, $6,598, and $5,350 in fiscal 2012, 2011, and 2010, respectively.

Inventories

Inventories (retail merchandise, finished goods, work in process and raw materials) are stated at the lower of cost or market. Cost is determined for domestic manufactured furniture inventories using the last-in, first-out (“LIFO”) method because we believe this methodology provides better matching of revenue and expenses. The cost of imported inventories is determined on a first-in, first-out (“FIFO”) basis. Inventories accounted for under the LIFO method represented 18% and 15% of total inventory before reserves at November 24, 2012 and November 26, 2011, respectively. We estimate inventory reserves for excess quantities and obsolete items based on specific identification and historical write-offs, taking into account future demand and market conditions. If actual demand or market conditions in the future are less favorable than those estimated, additional inventory write-downs may be required.

Property and Equipment

Property and equipment is comprised of all land, buildings and leasehold improvements and machinery and equipment used in the manufacturing and warehousing of furniture, our Company-owned retail operations and the administration of the wholesale and Company-owned retail operations. This property and equipment is stated at cost less accumulated depreciation. Depreciation is computed over the estimated useful lives of the respective assets utilizing the straight-line method. Buildings and improvements are generally depreciated over a period of 10 to 39 years. Machinery and equipment are generally depreciated over a period of 5 to 10 years. Leasehold improvements are amortized based on the underlying lease term, or the asset’s estimated useful life, whichever is shorter.

Retail Real Estate

Retail real estate is comprised of owned and leased properties which have been utilized by licensee operated BHF stores, including properties which are now leased or subleased to non-licensee tenants or are currently vacant. These properties are located in high traffic, upscale locations that are normally occupied by large successful national retailers. This real estate is stated at cost less accumulated depreciation and is depreciated over the useful lives of the respective assets utilizing the straight line method. Buildings and improvements are generally depreciated over a period of 10 to 39 years. Leasehold improvements are amortized based on the underlying lease term, or the asset’s estimated useful life, whichever is shorter. As of November 24, 2012 and November 26, 2011, the cost of retail real estate included land totaling $4,602 and $5,731, respectively, and building and leasehold improvements of $12,680 and $15,431, respectively. As of November 24, 2012 and November 26, 2011, accumulated depreciation of retail real estate was $4,547 and $4,905, respectively. Depreciation expense was $501, $876, and $1,306 in fiscal 2012, 2011, and 2010, respectively. Impairment charges related to retail real estate totaled $3,953 for 2011 and are included in retail real estate impairment charges in other income, a component of non-operating expense in our Consolidated Statements of Operations. There were no retail real estate impairment charges in 2010 and 2012.

Goodwill

Goodwill represents the excess of the fair value of consideration given over the fair value of the tangible assets and liabilities and identifiable intangible assets of businesses acquired. The acquisition of assets and liabilities and the resulting goodwill is allocated to the respective reporting unit: Wholesale, Retail or Real Estate/Investments. We review goodwill at the reporting unit level annually for impairment or more frequently if events or circumstances indicate that assets might be impaired.

In accordance with ASC Topic 350, Intangibles – Goodwill & Other, the goodwill impairment test consists of a two-step process, if necessary. However, we first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test described in ASC Topic 350. The more-likely-than-not threshold is defined as having a likelihood of more than 50 percent. If, after assessing the totality of events or circumstances, we determine that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step impairment test is unnecessary and our goodwill is considered to be unimpaired. However, if based on our qualitative assessment we conclude that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, we will proceed with performing the two-step process.

The first step compares the carrying value of each reporting unit that has goodwill with the estimated fair value of the respective reporting unit. Should the carrying value of a reporting unit be in excess of the estimated fair value of that reporting unit, the second step is performed whereby we must calculate the implied fair value of goodwill by deducting the fair value of all tangible and intangible net assets of the reporting unit from the fair value of the reporting unit. This second step represents a hypothetical application of the acquisition method of accounting as if we had acquired the reporting unit on that date. Our impairment methodology uses a discounted cash flow analysis requiring certain assumptions and estimates to be made regarding future profitability of the reporting unit and industry economic factors. While we believe such assumptions and estimates are reasonable, the actual results may differ materially from the projected amounts. As of November 24, 2012 and November 26, 2011, goodwill of $1,731 and $435, respectively, all resulting from the acquisition of retail stores (see Note 10) is included in other assets in the accompanying balance sheet. Based on our qualitative assessment as described above, we have concluded that this goodwill is not impaired.

Impairment of Long Lived Assets

We periodically evaluate whether events or circumstances have occurred that indicate long-lived assets may not be recoverable or that the remaining useful life may warrant revision. When such events or circumstances are present, we assess the recoverability of long-lived assets by determining whether the carrying value will be recovered through the expected undiscounted future cash flows resulting from the use and eventual disposition of the asset. In the event the sum of the expected undiscounted future cash flows is less than the carrying value of the asset, an impairment loss equal to the excess of the asset’s carrying value over its fair value is recorded. Fair value is determined based on discounted cash flows or appraised values depending on the nature of the assets. The long-term nature of these assets requires the estimation of cash inflows and outflows several years into the future.

When analyzing our real estate 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.

Income Taxes

We account for income taxes under the liability method which requires that we recognize deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amount of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. In addition, significant judgment is required in evaluating our federal, state and foreign tax positions and in the determination of our tax provision. Despite our belief that our liability for unrecognized tax benefits is adequate, it is often difficult to predict the final outcome or the timing of the resolution of any particular tax matters. We may adjust these liabilities as relevant circumstances evolve, such as guidance from the relevant tax authority or our tax advisors, or resolution of issues in the courts. These adjustments are recognized as a component of income tax expense in the period in which they are identified.

We evaluate our deferred income tax assets to determine if valuation allowances are required or should be adjusted. A valuation allowance is established against our deferred tax assets based on consideration of all available evidence, both positive and negative, using a “more likely than not” standard. This assessment considers, among other matters, the nature, frequency and severity of recent losses, forecasts of future profitability, the duration of statutory carryforward periods, our experience with tax attributes expiring unused and tax planning alternatives. In making such judgments, significant weight is given to evidence that can be objectively verified. See Note 12.

Shipping and Handling Costs

Costs incurred to deliver wholesale merchandise to customers are recorded in selling, general and administrative expense and totaled $13,548, $13,680, and $13,308 for fiscal 2012, 2012 and 2010, respectively. Costs incurred to deliver retail merchandise to customers are also recorded in selling, general and administrative expense and totaled $9,957, $7,452, and $4,721 for fiscal 2012, 2011 and 2010, respectively.

Advertising

Costs incurred for producing and distributing advertising and advertising materials are expensed when incurred and are included in selling, general and administrative expenses. Advertising costs totaled $13,296, $10,399, and $8,462 in fiscal 2012, 2011, and 2010, respectively.

Business Insurance Reserves

We have self-funded insurance programs in place to cover workers’ compensation and health insurance. For the period from July 2011 through June 2012, workers’ compensation was covered under a guaranteed cost program. These insurance programs are subject to various stop-loss limitations and are partially re-insured through a captive insurance program. We accrue estimated losses using historical loss experience. Although we believe that the insurance reserves are adequate, the reserve estimates are based on historical experience, which may not be indicative of current and future losses. We adjust insurance reserves, as needed, in the event that future loss experience differs from historical loss patterns.

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. We have adopted this guidance, except for those provisions deferred by ASU 2011-12, will become effective for us as of the end of our 2012 fiscal year. We have elected to present the total of comprehensive income, the components of net income, and the components of other comprehensive income in two separate but consecutive statements. The adoption of this guidance did not have an impact on our financial position or results of operations.

Note 3 - Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Nov. 24, 2012

Comprehensive Income (Loss) Note [Text Block]

3. Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) is comprised of the following, net of taxes:

	November 24, 2012			November 26, 2011

Actuarial adjustment to SERP	$	(1,066	)	$	(656	)
Unrealized holding gains		-			236
Excess of additional pension liability over unamortized transition obligation		(157	)		(188	)
	$	(1,223	)	$	(608	)

- 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.

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+ Details

Note 4 - Accounts Receivable

12 Months Ended

Nov. 24, 2012

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

4. Accounts Receivable

Accounts receivable consists of the following:

	November 24, 2012			November 26, 2011
Gross accounts receivable	$	17,544		$	16,848
Allowance for doubtful accounts		(1,789	)		(2,092	)
Net accounts receivable	$	15,755		$	14,756

Activity in the allowance for doubtful accounts was as follows:

	2012			2011

Balance, beginning of the year	$	2,092		$	7,366
Additions charged to expense		377			8,778
Write-offs		(680	)		(14,052	)
Balance, end of the year	$	1,789		$	2,092

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 8.

- 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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-Name Regulation S-X (SX)
-Number 210
-Section 03
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Note 5 - Inventories

12 Months Ended

Nov. 24, 2012

Inventory Disclosure [Text Block]

5. Inventories

Inventories consist of the following:

	November 24, 2012			November 26, 2011
Wholesale finished goods	$	33,110		$	26,873
Work in process		273			222
Raw materials and supplies		8,586			5,660
Retail merchandise		23,938			20,504
Total inventories on first-in, first-out method		65,907			53,259
LIFO adjustment		(6,902	)		(6,955	)
Reserve for excess and obsolete inventory		(1,089	)		(1,175	)
	$	57,916		$	45,129

We source a significant amount of our wholesale product from other countries. During 2012, 2011 and 2010, purchases from our two largest vendors located in China and Vietnam were $23,416, $24,996 and $24,229 respectively.

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 27, 2010	$	1,519		$	209		$	1,728
Additions charged to expense		688			272			960
Write-offs		(1,220	)		(293	)		(1,513	)
Balance at November 26, 2011		987			188			1,175
Additions charged to expense		1,334			443			1,777
Write-offs		(1,606	)		(257	)		(1,863	)
Balance at November 24, 2012	$	715		$	374		$	1,089

Note 6 - Notes Receivable

12 Months Ended

Nov. 24, 2012

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

6. Notes Receivable

Our notes receivable, included in other long-term assets in our consolidated balance sheets, consist of the following:

	November 24, 2012			November 26, 2011
Notes receivable	$	4,775		$	6,017
Allowance for doubtful accounts and discounts on notes receivable		(4,139	)		(4,140	)
Notes receivable, net		636			1,877
Less: current portion of notes receivable		(35	)		(75	)
Long term notes receivable	$	601		$	1,802

Our notes receivable, which bear interest at rates ranging from 2% to 6%, consist primarily of amounts due from current or former licensees from loans made by the Company to help licensees fund their operations. Approximately 54% and 43% of our notes receivable represent conversions of past due accounts receivable at November 24, 2012 and November 26, 2011, respectively. We have discontinued these conversions and have no plans to resume this practice. Interest income on the notes receivable, which is included in other income (loss), net, was as follows:

		2012				2011				2010
Interest income		$	85			$	129			$	463

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 approximates the carrying value of the notes at November 24, 2012 and 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 8.

Substantially all of our notes receivable comprise a single portfolio segment of financing receivables consisting of notes receivable from current and former licensees. These notes receivable are evaluated in three classes – those due from current licensees, those due from former licensees which are secured by real estate, and those due from former licensees which are unsecured. We periodically 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. At November 24, 2012 and November 26, 2011, all notes due from current licensees were fully reserved, and interest income on those notes for the 2012, 2011 and 2010 fiscal years was recognized only on a cash basis.

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. At November 24, 2012 and November 26, 2011, the carrying amount of notes receivable from former licensees, net of reserves and discounts, was $583 and $1,682. One note due from a former licensee was collected in full during the fourth quarter of fiscal 2012. The remaining note is secured by a second mortgage lien on real estate.

Any difference between the estimated discounted cash flows and the carrying value of these notes 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 is evaluated individually using the criteria described above as applicable to its respective class.

Activity in the allowance for doubtful accounts and discounts was as follows:

	2012			2011

Balance, beginning of the year	$	4,140		$	6,748
Additions charged (credited) to expense		(1	)		4,712
Write-offs		-			(7,292	)
Amortization of discounts		-			(28	)
Balance, end of the year	$	4,139		$	4,140

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.

Note 7 - Property and Equipment

12 Months Ended

Nov. 24, 2012

Property, Plant and Equipment Disclosure [Text Block]

7. Property and Equipment

Property and equipment consist of the following:

	November 24, 2012			November 26, 2011
Land	$	11,926		$	10,750
Buildings and leasehold improvements		71,207			66,113
Machinery and equipment		65,024			66,961
		148,157			143,824
Less accumulated depreciation		(91,533	)		(93,878	)
	$	56,624		$	49,946

Depreciation expense for property and equipment was $5,127, $4,837, and $4,917, in fiscal 2012, 2011, and 2010, respectively, and is primarily included in our selling, general and administrative expenses related to our retail segment. The net book value of property and equipment utilized by Company-owned stores at November 24, 2012 and November 26, 2011 was $44,620 and $39,317, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details

Note 8 - Financial Instruments, Investments and Fair Value Measurements

12 Months Ended

Nov. 24, 2012

Fair Value Disclosures [Text Block]

8. Financial Instruments, Investments and Fair Value Measurements

Financial Instruments

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

Investments

Prior to November 24, 2012, our investments consisted of a portfolio of marketable securities and our investment in the Fortress Value Recovery Fund I, LLC (“Fortress”), During the fourth quarter of fiscal 2012 we liquidated our entire portfolio of marketable securities, resulting in a net gain of $313 which is included in income from investments in our accompanying consolidated statement of operations for the year ended November 24, 2012. Our marketable securities had been classified as available-for-sale and were marked to market and recorded at their fair value. We measure the fair value of our marketable securities in accordance with ASC Topic 820, Fair Value Measurements and Disclosures. Our available-for-sale securities at November 26, 2011, included in other current assets in our accompanying consolidated balance sheet, were as follows:

	Cost		Gross Unrealized					Market
	Basis		Gains		Losses			Value

Bond mutual funds	$	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

Prior to the liquidation of our available for sale securities, unrealized holding gains and losses, net of the related income tax effect, had been excluded from income and were reported as other comprehensive income in stockholders’ equity. At November 26, 2011, accumulated other comprehensive loss in our consolidated balance sheet included unrealized holding gains, net of tax, of $236. Realized gains and losses from securities classified as available-for-sale were determined using the specific identification method for ascertaining the cost of securities sold.

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 $453, $163 and $2,272 for fiscal 2012, 2011, and 2010 respectively. Realized earnings for the year ended November 24, 2012 include $208 of gains previously recorded in other comprehensive income. These amounts are recorded in income (loss) from investments in our consolidated statements of operations.

Our investment in 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. Consequently, the inputs are considered to be Level 3 as specified in the fair value hierarchy in ASC 820, Fair Value Measurements and Disclosures. At November 26, 2011 the fair value of Fortress was $806 and is included in other long-term assets in our accompanying consolidated balance sheet. Due to significant declines in net asset values during the first quarter of fiscal 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 year ended November 24, 2012, which is reported as other than temporary impairment of investments in the consolidated statement of operations.

Fair Value Measurement

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.

All of our fair value measurements are based upon Level 3 inputs, with our investment in Fortress having been the only asset measured at fair value on a recurring basis.

The table below provides a reconciliation of all assets measured at fair value on a recurring basis which use level three or significant unobservable inputs for the period of November 26, 2011 to November 24, 2012.

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

Balance at November 26, 2011		$	806

Total gains (losses) included in earnings related to change in underlying net assets			(806	)

Balance November 24, 2012		$	-

The carrying values and approximate fair values of financial instruments as of November 24, 2012 and November 26, 2011 were as follows:

	November 24, 2012				November 26, 2011
	Carrying value		Fair value		Carrying value		Fair value
Assets:
Cash and cash equivalents	$	45,566	$	45,566	$	69,601	$	69,601
Accounts receivable, net		15,755		15,755		14,756		14,756
Notes receivable, net		636		636		1,877		1,877
Investments, including marketable securities		-		-		2,939		2,939

Liabilities:
Accounts payable	$	22,405	$	22,405	$	18,821	$	18,821
Real estate notes payable		3,294		3,668		3,864		3,804
Lease/loan guarantee reserves		347		347		508		508

- Definition

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

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Note 9 - Income from the Continued Dumping and Subsidy Offset Act

12 Months Ended

Nov. 24, 2012

Income From Continued Dumping And Subsidy Offset Act [Text Block]

9. Income from the Continued Dumping and Subsidy Offset Act

During the year ended November 24, 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. Income from such distributions recognized during fiscal 2011 and 2010 was $765 and $488, respectively. 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.

Note 10 - Licensee Acquisitions and Goodwill

12 Months Ended

Nov. 24, 2012

Business Combination Disclosure [Text Block]

10. Licensee Acquisitions and Goodwill

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 fiscal 2012, we acquired one store located in Knoxville, Tennessee and two stores in the Orange County, California market. In each case our licensees desired to exit those markets. 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 of $375. The acquisition price for the two Orange County stores was $1,468, funded through the exchange of $64 in cash and $1,404 in existing accounts receivable for the net assets acquired plus recognized goodwill of $921.

During fiscal 2011, we acquired nine retail stores, operated by 4 licensees, in Nevada, Virginia, Ohio, Kentucky and Connecticut. These stores were acquired pursuant to strict foreclosure and settlement agreements on the underlying assets subject to the terms of our security agreements with the licensees. These acquisitions were funded through the exchange of existing accounts receivable for the net assets acquired from the licensee.

During fiscal 2010, we acquired eleven retail stores, operated by eight licensees, in Maryland, Missouri, Illinois, New York, Alabama, Mississippi, California, Delaware and North Carolina. Nine stores were acquired pursuant to strict foreclosure and settlement agreements on the underlying assets subject to the terms of our security agreements with the licensees. One store was acquired from a licensee following its request for a buyout where we already owned the real estate. Another acquired location had been previously closed and liquidated by the former licensee.

Our 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:

	2012			2011			2010
Net assets acquired:
Inventory	$	1,480		$	3,618		$	3,319
Property and equipment/other		592			1,293			3,113
Goodwill		1,296			-			435
Customer deposits and other accrued expenses		(1,227	)		(2,613	)		(3,738	)

Total net assets acquired	$	2,141		$	2,298		$	3,129

Consideration given:
Accounts receivable	$	1,592		$	2,298		$	2,751
Cash		549			-			378

Total consideration	$	2,141		$	2,298		$	3,129

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 8.

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 losses generated by these stores subsequent to their acquisition for the year in which they were acquired were as follows:

	2012			2011			2010
Net sales	$	1,646		$	11,264		$	16,507
Operating losses		(62	)		(874	)		(1,972	)

In connection with both the Knoxville and Orange County market store acquisitions, we recognized $1,296 of goodwill, primarily associated with the strength of the local market and the general health of the stores at the time of acquisition. The carrying value of our goodwill, which is included in other long-term assets in the accompanying consolidated balance sheets, by segment and the activity for fiscal 2012 and 2011 is as follows:

	Wholesale		Retail		Total

Balance as of November 27, 2010	$	276	$	159	$	435
Goodwill from store acquisitions		-		-		-
Impairment charge		-		-		-

Balance as of November 26, 2011		276		159	$	435
Goodwill from store acquisitions		853		443		1,296
Impairment charge		-		-		-

Balance as of November 24, 2012	$	1,129	$	602	$	1,731

We perform our annual goodwill impairment review as of the beginning of our fiscal fourth quarter. No impairment charges have been required since fiscal 2009.

- 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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Reference 11: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-SubTopic 20
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-Paragraph 2
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1383-128463

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 88-16
-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 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph F4
-Subparagraph e
-Appendix F

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141
-Paragraph 51, 52
-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 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 67-73
-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 - Unconsolidated Affiliated Companies

12 Months Ended

Nov. 24, 2012

Equity Method Investments and Joint Ventures Disclosure [Text Block]

11. Unconsolidated Affiliated Companies

International Home Furnishings Center

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	$	69,152
Tax escrow receivable (1)		1,413
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)	Included in other current assets in the accompanying balance sheet at November 26, 2011, these funds were released to us during the first quarter of fiscal 2012.
(2)	$2,348 included in other current assets in the accompanying consolidated balance sheets at November 24, 2012 and November 26, 2011, with the remainder included in other assets.
(3)	Included in other assets in the accompanying consolidated balance sheets at November 24, 2012 and November 26, 2011.

$4,695 of proceeds was placed in escrow to indemnify the purchaser with respect to various contingencies. On December 19, 2012, we received $2,348 for the release of half of this escrow, with the remainder, provided it is not used for contingencies, being due for release to us during 2014. Currently, we have no reason to believe that any obligations will arise out of such contingencies and therefore expect that the escrowed funds, along with earnings thereon, will be released to us in their entirety as scheduled. Also in connection with the sale, we acquired a minority equity stake in 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.

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:

	2012		2011		2010
Earnings recognized	$	-	$	1,832	$	4,535
Dividends received		-		3,756		937

Summarized financial information for IHFC for 2011 and 2010 is as follows:

		2011*		2010
Current assets	$	-	$	22,575
Non-current assets		-		43,892
Current liabilities		-		13,163
Long-term liabilities		-		105,526
Revenues		19,955		39,518
Net income		3,470		9,680


*No balance sheet information is reported as of November 26, 2011 as we no longer have any ownership interest in IHFC, and IHFC no longer exists as a stand-alone legal entity. Revenues and net income are reported for the five month period ended May 2, 2011.

The complete financial statements of IHFC are included in our annual report on Form 10-K.

Zenith Freight Lines, LLC

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 $6,484 at November 24, 2012 and $6,137 at November 26, 2011 and is recorded in other long-term assets. During the second quarter of 2011, we made an additional cash investment of $980, which represented our 49% share of a total $2,000 equity contribution to Zenith to partially fund its acquisition of a warehouse facility. We paid Zenith approximately $25,317, $23,665 and $20,667, for freight expense and logistical services in 2012, 2011, and 2010, respectively. At November 24, 2012 and November 26, 2011, we owed Zenith $2,547 and $2,114, respectively, for services rendered to us. We believe the transactions with Zenith are at current market rates. We recorded the following earnings (losses) in income from unconsolidated affiliated companies, net in our consolidated statements of operations:

		2012				2011				2010
Earnings recognized		$	347			$	8			$	165

- 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 12 - Income Taxes

12 Months Ended

Nov. 24, 2012

Income Tax Disclosure [Text Block]

12. Income Taxes

The components of the income tax provision (benefit) are as follows:

	2012			2011			2010
Current:
Federal	$	1,611		$	3,947		$	(10	)
State		(487	)		676			(196	)

Deferred:
Increase (decrease) in valuation allowance		(18,704	)		(17,464	)		2,962
Federal		2,458			14,934			(2,195	)
State		423			2,316			(767	)
Total	$	(14,699	)	$	4,409		$	(206	)

The income tax provision for fiscal 2011 includes a benefit of $6,341 resulting from the utilization of Federal net operating loss carryforwards.

A reconciliation of the statutory federal income tax rate and the effective income tax rate, as a percentage of income before income taxes, is as follows:

	2012		2011		2010
Statutory federal income tax rate	35.0	%	35.0	%	(34.0	)%
Dividends received deduction	-		(1.8	)	(71.6	)
Change in income tax valuation allowance	(155.6	)	(29.2	)	134.2
Change in income tax reserves	(3.3	)	(0.1	)	(13.2	)
State income tax, net of federal benefit	1.5		3.4		(20.1	)
Other	0.1		-		(4.6	)
Effective income tax rate	(122.3	)%	7.3	%	(9.3	)%

The income tax effects of temporary differences and carryforwards, which give rise to significant portions of the deferred income tax assets and deferred income tax liabilities, are as follows:

	November 24, 2012			November 26, 2011
Deferred income tax assets:
Trade accounts receivable	$	688		$	804
Inventories		1,946			2,036
Property and equipment		1,688			3,749
Notes receivable		1,592			1,592
Retirement benefits		5,547			5,162
Federal net operating loss and credit carryforwards		-			134
State net operating loss carryforwards		2,309			2,376
Unrealized holding loss		1,069			912
Lease termination accruals		1,005			1,676
Other		2,580			2,707

Gross deferred income tax assets		18,424			21,148
Valuation allowance		(908	)		(19,612	)
Total deferred income tax assets		17,516			1,536

Deferred income tax liabilities:
Unrealized gains from affiliates, net		78			125
Prepaid expenses and other		121			169
Unrealized holding gains, net		-			81

Total deferred income tax liabilities		199			375

Net deferred income tax assets	$	17,317		$	1,161

Due to the losses incurred prior to fiscal 2011, we were in a cumulative loss position for the three years preceding fiscal 2011which is considered significant negative evidence that is difficult to overcome on a “more likely than not” standard through objectively verifiable data. While our long-term financial outlook remained 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 previously 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 IHFC, we were able to utilize net operating loss carryforwards and credits to significantly offset the taxable gain, resulting in a significant reduction of the valuation allowances. However, as the gain on the sale of IHFC did not represent a source of recurring future taxable income, we continued to record a valuation allowance against substantially all of our deferred tax assets as of November 26, 2011. Due to our positive earnings during fiscal 2012, and the absence of any significant negative evidence to the contrary, we have concluded that we can rely on our positive long-term outlook and forecasts as to future taxable income in evaluating our ability to realize our deferred tax assets. Accordingly, the reserve against the majority of our deferred tax assets was removed in fiscal 2012, resulting in a credit to income of $18,704, or $1.70 and $1.69 per basic and diluted share, respectively, which is included in our net income tax benefit for the year. The remaining valuation allowance of $908 is primarily related to state net operating loss carryforwards for which it is currently considered to be more likely than not that they will not be utilized prior to their expiration.

The following table represents a summary of the valuation allowances against deferred tax assets:

	2012			2011			2010

Balance, beginning of the year	$	19,612		$	36,806		$	33,003
Additions charged to expense		-			-			2,962
Deductions reducing expense		(18,704	)		(17,464	)		-
Additions (deductions) recorded as a component of other comprehensive (income) loss		-			270			841
Balance, end of the year	$	908		$	19,612		$	36,806

We have state net operating loss carryforwards available to offset future taxable state income of $29,059, which expire in varying amounts between 2013 and 2030. Realization is dependent on generating sufficient taxable income prior to expiration of the loss carryforwards.

Net income taxes paid (net refunds received) during 2012, 2011 and 2010 were $2,010, $3,651, and $(1,582), respectively.

As of November 24, 2012, the gross amount of unrecognized tax benefits was approximately $1,228 exclusive of interest and penalties. Of this balance, if we were to prevail on all unrecognized tax benefits recorded, approximately $175 would benefit the effective tax rate. As of November 26, 2011, the gross amount of unrecognized tax benefits was approximately $1,502, exclusive of interest and penalties. Of this balance, if we were to prevail on all unrecognized tax benefits recorded, approximately $440 would benefit the effective tax rate. We regularly evaluate, assess and adjust the related liabilities in light of changing facts and circumstances, which could cause the effective tax rate to fluctuate from period to period.

The following table summarizes the activity related to our gross unrecognized tax benefits:

	2012			2011
Balance, beginning of the year	$	1,502		$	1,565
Gross increases		10			183
Gross decreases, primarily due to the expiration of statutes		(284	)		(246	)

Balance, end of the year	$	1,228		$	1,502

We recognize interest and penalties related to unrecognized tax benefits in income tax expense. During fiscal 2012, 2011, and 2010, we recognized $(63), $67, and $(112) of interest expense (expense recovery) and $57, $46, and $30 of penalty expense recovery, respectively, related to the unrecognized benefits noted above in our consolidated statements of operations. At November 24, 2012 and November 26, 2011, the consolidated balance sheets include accrued interest of $164 and $226, and penalties of $40 and $97, respectively, due to unrecognized tax benefits.

Significant judgment is required in evaluating the Company's federal and state tax positions and in the determination of its tax provision. Despite our belief that the liability for unrecognized tax benefits is adequate, it is often difficult to predict the final outcome or the timing of the resolution of any particular tax matter. We may adjust these liabilities as relevant circumstances evolve, such as guidance from the relevant tax authority, or resolution of issues in the courts. These adjustments are recognized as a component of income tax expense in the period in which they are identified. The Company also cannot predict when or if any other future tax payments related to these tax positions may occur.

We remain subject to examination for tax years 2009 through 2011 for all of our major tax jurisdictions.

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

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-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-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 08
-Paragraph h
-Article 4

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-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 - Real Estate Notes Payable and Bank Credit Facility

12 Months Ended

Nov. 24, 2012

Debt Disclosure [Text Block]

13. Real Estate Notes Payable and Bank Credit Facility

The real estate notes payable and bank debt are summarized as follows:

	November 24, 2012			November 26, 2011
Real estate notes payable	$	3,294		$	3,864
Less:
Current portion of real estate notes payable		(241	)		(202	)
	$	3,053		$	3,662

Real Estate Notes Payable

Certain of our retail real estate properties have been financed through commercial mortgages with an interest rate of 6.73%. These mortgages are collateralized by the respective properties with net book values totaling approximately $6,397 and $6,558 at November 24, 2012 and November 26, 2011, respectively. The current portion of these mortgages, $241 and $202 as of November 24, 2012 and November 26, 2011, respectively, has been included in other accrued liabilities in the accompanying consolidated balance sheets. The long-term portion, $3,053 and $3,662 as of November 24, 2012 and November 26, 2011, respectively, is presented as real estate notes payable in the consolidated balance sheets. During fiscal 2011, we entered into Discounted Payoff Agreements (“DPOs”) with the lenders on three mortgages which were subsequently paid off during the year. Under the terms of these DPOs the remaining balance owed was reduced, resulting in a $1,305 gain on the settlement of these mortgages. This gain is included in other loss, net, in our consolidated statements of operations.

The fair value of these mortgages was $3,668 and $3,804 at November 24, 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 8.

Maturities of real estate notes payable are as follows:

Fiscal 2013		241
Fiscal 2014		258
Fiscal 2015		276
Fiscal 2016		295
Fiscal 2017		315
Thereafter		1,909
	$	3,294

Bank Credit Facility

On December 9, 2011, we entered into a new credit agreement with our bank which extended a $3,000 line of credit which is used primarily to back our outstanding letters of credit. This credit facility contained 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 at November 24, 2012.

On December 18, 2012, we entered into a new credit facility with our bank extending us a line of credit of up to $15,000. This new line is secured by our accounts receivable and inventory. The new facility contains certain covenants requiring us to maintain certain key financial ratios. We are in compliance with all covenants under the new agreement and expect to remain in compliance for the foreseeable future.

At November 24, 2012 and November 26, 2011, we had $1,966 and $2,318, respectively, outstanding under standby letters of credit, leaving availability under the then existing line of $1,034 and $682, respectively.

Total interest paid, including bank and mortgage debt, during fiscal 2012, 2011 and 2010 was $294, $895 and $1,830, respectively.

- Definition

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

+ References + Details

Note 14 - Post-Employment Benefit Obligations

12 Months Ended

Nov. 24, 2012

Postemployment Benefits Disclosure [Text Block]

14. Post-Employment Benefit Obligations

Supplemental Retirement Income Plan

We have an unfunded Supplemental Retirement Income Plan (the “Supplemental Plan”) that covers one current and certain former executives. Upon retirement, the Supplemental Plan provides for lifetime monthly payments in an amount equal to 65% of the participant’s final average compensation as defined in the Supplemental Plan, which is reduced by certain social security benefits to be received and other benefits provided by us. The Supplemental Plan also provides a death benefit that is calculated as (a) prior to retirement death, which pays the beneficiary 50% of final average annual compensation for a period of 120 months, or (b) post-retirement death, which pays the beneficiary 200% of final average compensation in a single payment. We own life insurance policies with a current net death benefit of $4,244 on these executives and expect to substantially fund this death benefit through the proceeds received upon the death of the executive. Funding for the remaining cash flows is expected to be provided through operations. There are no benefits payable as a result of a termination of employment for any reason other than death or retirement, other than a change of control provision which provides for the immediate vesting and payment of the retirement benefit under the Supplemental Plan in the event of an employment termination resulting from a change of control.

Summarized information for the plan measured as of the end of each year presented, is as follows:

	2012			2011
Change in Benefit Obligation:
Projected benefit obligation at beginning of year	$	9,326		$	8,866
Service cost		54			47
Interest cost		376			420
Actuarial losses		709			662
Benefits paid		(660	)		(669	)
Projected benefit obligation at end of year	$	9,805		$	9,326

Accumulated Benefit Obligation	$	9,342		$	9,102


Amounts recognized in the consolidated balance sheet:
Current liabilities	$	843		$	866
Noncurrent liabilities		8,962			8,460
	$	9,805		$	9,326
Amounts recognized in accumulated other comprehensive income:
Transition obligation	$	255		$	297
Actuarial loss		1,732			1,034
Net amount recognized	$	1,987		$	1,331

Total recognized in net periodic benefit cost and accumulated other comprehensive income:	$	1,139		$	1,129

	2012		2011		2010

Components of Net Periodic Pension Cost:
Service cost	$	54	$	47	$	44
Interest cost		376		420		422
Amortization of transition obligation		42		42		42
Amortization of other loss		11		-		-

Net periodic pension cost	$	483	$	509	$	508

Assumptions used to determine net periodic pension cost:
Discount rate	4.25	%	5.00	%	5.25	%
Increase in future compensation levels	3.00	%	3.00	%	3.00	%

Estimated Future Benefit Payments (with mortality):
Fiscal 2013	$	843
Fiscal 2014		879
Fiscal 2015		807
Fiscal 2016		770
Fiscal 2017		732
Fiscal 2018 through 2022		3,261

Deferred Compensation Plan

We have an unfunded Deferred Compensation Plan that covers one current and certain former executives and provides for voluntary deferral of compensation. This plan has been frozen with no additional participants or benefits permitted. We recognized expense of $312, $332, and $376 in fiscal 2012, 2011, and 2010, respectively, associated with the plan. Our liability under this plan was $2,615 and $2,766 as of November 24, 2012 and November 26, 2011, respectively, and is reflected in post employment benefit obligations.

Defined Contribution Plan

We have a qualified defined contribution plan (Employee Savings/Retirement Plan) that covers substantially all employees who elect to participate and have fulfilled the necessary service requirements. Employee contributions to the Plan are matched at the rate of 10% of up to 8% of gross pay, regardless of years of service. Expense for employer matching contributions was $175 during fiscal 2012. During fiscal 2011 and 2010, employer matching contributions were suspended and no expense was incurred.

Note 15 - Capital Stock and Stock Compensation

12 Months Ended

Nov. 24, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

15. Capital Stock and Stock Compensation

We account for our stock-based employee and director compensation plans in accordance with ASC 718, Compensation – Stock Compensation. ASC 718 requires recognition of the cost of employee services received in exchange for an award of equity instruments in the financial statements over the period the employee is required to perform the services in exchange for the award (presumptively the vesting period) which we recognize on a straight-line basis. Compensation expense related to restricted stock and stock options included in selling, general and administrative expenses in our consolidated statements of operations for fiscal 2012, 2011 and 2010 was as follows:


2012		2011		2010

$	636	$	426	$	376

Stock Option Plans

In 1997, we adopted an Employee Stock Plan (the “1997 Plan”), and reserved for issuance 950,000 shares of common stock. An additional 500,000 shares of common stock were authorized for issuance in 2000. In addition, the terms of the 1997 Plan allow for the re-issuance of any stock options which have been forfeited before being exercised. Options granted under the 1997 Plan may be for such terms and exercised at such times as determined by the Organization, Compensation, and Nominating Committee of the Board of Directors. Vesting periods typically range from one to three years. There are no shares available for grant under the 1997 Plan at November 24, 2012, however up to 500,000 shares associated with outstanding grants under the 1997 may become available for grant under the 2010 Plan (see below).

In 2005, we adopted a Non-Employee Directors Stock Incentive Plan (the “Incentive Plan”) and reserved 100,000 shares of common stock for grant. The Incentive Plan authorized incentive awards in the form of restricted stock or stock grants. All Directors of the Company who are not full-time employees of the Company are eligible to receive incentive awards under the Incentive Plan. There were no shares available for grant under the Incentive Plan at November 24, 2012 and 10,087 available at November 26, 2011.

On April 14, 2010, our shareholders approved the Bassett Furniture Industries, Incorporated 2010 Stock Incentive Plan (the “2010 Plan”). All present and future non-employee directors, key employees and outside consultants for the Company are eligible to receive incentive awards under the 2010 Plan. Our Organization, Compensation and Nominating Committee (the “Compensation Committee”) selects eligible key employees and outside consultants to receive awards under the 2010 Plan in its discretion. Our Board of Directors or any committee designated by the Board of Directors selects eligible non-employee directors to receive awards under the 2010 Plan in its discretion. Five hundred thousand (500,000) shares of common stock are reserved for issuance under the 2010 Plan. In addition, up to 500,000 shares that are represented by outstanding awards under the 1997 Employee Stock Plan which are forfeited, expire or are canceled after the effective date of the 2010 Plan will be added to the reserve and may be used for new awards under the 2010 Plan. Participants may receive the following types of incentive awards under the 2010 Plan: stock options, stock appreciation rights, payment shares, restricted stock, restricted stock units and performance shares. Stock options may be incentive stock options or non-qualified stock options. Stock appreciation rights may be granted in tandem with stock options or as a freestanding award. Non-employee directors and outside consultants are eligible to receive restricted stock and restricted stock units only. We expect to issue new common stock upon the exercise of options.

The fair value of each option award is estimated on the date of grant using the Black-Scholes option pricing model. The risk free rate is based on the U.S. Treasury rate for the expected life at the time of grant, volatility is based on the average long-term implied volatilities of peer companies, the expected life is based on the estimated average of the life of options using the simplified method, and forfeitures are estimated on the date of grant based on certain historical data. We utilize the simplified method to determine the expected life of our options due to insufficient exercise activity during recent years as a basis from which to estimate future exercise patterns. During fiscal 2011 and 2010, our Compensation Committee authorized the issuance of 91,000 and 172,000 stock options, respectively, from the 2010 Plan to certain of our key employees. The stock options vest ratably over a four-year period and have 10-year contractual terms. The following table sets forth the weighted average fair value of options granted during 2011 and 2010 and the weighted average assumptions used for such grants (there were no grants made in 2012):

	2011				2010
Weighted average fair value of options on grant date			$4.19			$2.55
Expected life of options in years			6.25			6.25
Risk-free interest rate		2.19%	-	2.49%		2.5%
Expected volatility			60.0%			60.0%
Dividend yield		0.0%	-	1.5%		0.0%

Changes in the outstanding options under our plans during the year ended November 24, 2012 were as follows:

	Number of Shares			Weighted Average Exercise Price Per Share

Outstanding at November 26, 2011		1,075,464		$	13.95
Granted		-			-
Exercised		(87,400	)		6.59
Forfeited/Expired		(202,964	)		14.79
Outstanding at November 24, 2012		785,100			14.55
Exercisable at November 24, 2012		630,850		$	16.66

Changes in the non-vested options under our plans during the year ended November 24, 2012 were as follows:

	Number of Shares			Weighted Average Grant Date Fair Value Per Share

Non-vested options outstanding at November 26, 2011		220,000		$	5.90
Granted		-			-
Vested		(65,750	)		5.65
Forfeited/Expired		-			-
Non-vested options outstanding at November 24, 2012		154,250			6.00

Unrecognized compensation cost related to these non-vested options at November 24, 2012 is $422, expected to be recognized over approximately a two year period.

Additional information regarding our outstanding stock options at November 24, 2012 is as follows:

				Options Outstanding						Options Exercisable
Range of Exercise Prices				Shares		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Shares		Weighted Average Exercise Price
$	3.23	-	$6.45		102,350		7.6	$	4.38		16,350	$	4.38
$	6.45	-	$9.67		72,250		8.6		8.02		4,000		8.02
$	9.68	-	$12.90		138,000		4.8		10.60		138,000		10.60
$	12.91	-	$16.13		67,500		3.9		14.89		67,500		14.89
$	16.14	-	$19.35		150,000		3.6		16.96		150,000		16.96
$	19.36	-	$22.58		255,000		1.3		21.12		255,000		21.12
					785,100						630,850

Aggregate intrinsic value				$	1,025					$	215

Additional information regarding activity in our stock options during fiscal 2012, 2011 and 2010 is as follows:

	2012		2011		2010

Total intrinsic value of options exercised	$	530	$	74	$	-
Total fair value of options vested		371		110		242
Total cash received from the exercise of options		536		81		-

The following restricted stock awards were granted during fiscal 2012, 2011 and 2010:

	Grant Date	Restricted Shares Granted		Share Value at Grant Date Per Share		Restriction Period (Years)

Grants during fiscal 2010	May 3, 2010		17,528	$	5.99		1
	July 14, 2010		43,000	$	4.38		3

Grants during fiscal 2011	March 7, 2011		4,000	$	8.15		3
	May 2, 2011		11,760	$	8.93		1
	July 13, 2011		4,200	$	8.02		1
	July 13, 2011		75,000	$	8.02		3

Grants during fiscal 2012	May 1, 2012		11,184	$	10.73		1
	July 13, 2012		1,398	$	11.69		1

At November 24, 2012, non-vested restricted stock grants totaling 138,782 shares remain outstanding. Unrecognized compensation cost related to these non-vested restricted shares at November 24, 2012 is $439, expected to be recognized over approximately a two and one-half year period.

Employee Stock Purchase Plan

In 2000, we adopted and implemented an Employee Stock Purchase Plan (“ESPP”) that allows eligible employees to purchase a limited number of shares of our stock at 85% of market value. Under the ESPP we sold 42,211, 39,618 and 43,730 shares to employees in fiscal 2012, 2012 and 2010, respectively, which resulted in an immaterial amount of compensation expense.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-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 AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-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 16 - Restructuring, Asset Impairment, and Other Charges

12 Months Ended

Nov. 24, 2012

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

16. Restructuring, asset impairment, and other charges

The following table summarizes the restructuring, asset impairment charges and other unusual items by year:

	2012		2011		2010
Restructuring and asset impairment charges:
Asset impairment charges related to Company-owned retail store closures	$	123	$	1,156	$	-
Asset impairment charges & demolition costs associated with closed plants		588		1,312		-
Other		-		32		-
Total restructuring and asset impairment charges	$	711	$	2,500	$	-

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	$	-

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

Total charges related to restructuring, asset impairment, lease exit costs and debt cancellation included in loss from operations	$	1,070	$	12,675	$	-

Total restructuring and asset impairment charges by segment are as follows:

	2012		2011		2010
Wholesale	$	719	$	8,653	$	-
Retail		351		4,022		-
	$	1,070	$	12,675	$	-

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

	2012			2011

Balance, beginning of the year	$	4,357		$	2,847
Provisions associated with corporate store and retail office closures		228			2,721
Provisions associated with licensee store closings		-			661
Provisions made to adjust previous estimates		111			1,560
Payments on unexpired leases		(2,232	)		(2,048	)
Payment to terminate lease commitment		-			(1,500	)
Accretion of interest on obligations		150			116

Balance, end of the year	$	2,614		$	4,357

Current portion included in other accrued liabilities	$	1,609		$	1,756
Long-term portion included in other long-term liabilities		1,005			2,601
	$	2,614		$	4,357

Fiscal 2012

Restructuring and Asset Impairment Charges

During fiscal 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.

Lease Exit Costs

During fiscal 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.

Fiscal 2011

Restructuring and Asset Impairment Charges

During fiscal 2011, we recorded asset impairment charges of $2,500. These charges included costs of $318 for the demolition of a previously closed facility in Bassett, Virginia, and $32 associated with the relocation of our retail store in Manchester, Missouri. We also incurred non-cash charges 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; $428 for the additional write-down of the previously closed manufacturing facility in Bassett, Virginia; and $190 for the write-off of leasehold improvements and other assets associated with the relocation of our retail store in Manchester, Missouri. Total non-cash impairment charges described above for the year ended November 26, 2011 were $2,150. 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 8.

Lease Exit Costs

During fiscal 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.

Licensee Debt Cancellation Charges

During fiscal 2011, we gained significant liquidity as a result of the sale of our investment in IHFC (see Note 11). 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 fiscal 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 fiscal 2011 of $6,447.

In addition to the charges discussed above affecting loss from operations during fiscal 2011, other income (loss), net for the year ended November 26, 2011 includes non-cash charges of $4,790 for asset impairments and lease termination costs associated with our retail real estate investments, including: asset impairment charges of $2,106 to write down idle retail locations in Henderson, Nevada and Chesterfield, Virginia to appraised values; $1,847 to write off certain tenant improvements deemed to be unrecoverable; $661 related to lease termination costs for a closed licensee store; and $176 related to adjustments of previous estimates. The write-downs of the retail assets 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 8.

Fiscal 2010

There were no restructuring charges or other significant non-recurring items were included in our loss from operations.

Note 17 - Contingencies

12 Months Ended

Nov. 24, 2012

Legal Matters and Contingencies [Text Block]

17. Contingencies

We are involved in various claims and actions, including 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, it is our opinion 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 and in October 2012 judgment was entered in the amount of $1,437. Colonial’s motion for attorney’s fees is pending. Both Bassett and Colonial have appealed; with Bassett seeking a new trial for damages for breach of express warranty, among other things, and Colonial seeking, among other things, to treble its breach of contract damages. We currently have sufficient reserves to cover the judgment amount.

See also note 9 regarding claims which could possibly result in the return of all or a portion of our share of the CDSOA final distribution.

Note 18 - Leases, Lease Guarantees and Loan Guarantees

12 Months Ended

Nov. 24, 2012

Leases Lease Guarantees And Loan Guarantees [Text Block]

18. Leases, Lease Guarantees and Loan Guarantees

Leases

We lease land and buildings under operating leases that are used in the operation of our Company-owned retail stores as well as in the operation of independent licensee BHF stores. Our decision to exercise renewal options is primarily dependent on the level of business conducted at the location and the profitability thereof. Some store leases contain contingent rental provisions based upon sales volume. Additionally, we lease showroom space from IMC (and from its predecessor, IHFC), which is priced at what we believe to be a market rate. Lease terms range from one to 15 years and generally have renewal options of between five and 15 years. The following schedule shows future minimum lease payments under non-cancelable operating leases having remaining terms in excess of one year as of November 24, 2012:

Fiscal 2013		18,358
Fiscal 2014		14,550
Fiscal 2015		11,983
Fiscal 2016		9,015
Fiscal 2017		6,393
Thereafter		12,501
	$	72,800

Lease expense was $17,123, $16,406 and $16,575 for 2012, 2011, and 2010, respectively.

In addition to subleasing certain of these properties, we own retail real estate which we in turn lease to licensee operators of BHF stores. We also own real estate for closed stores which we lease to non-licensees. The following schedule shows minimum future rental income related to pass-through rental expense on subleased property as well as rental income on real estate owned by Bassett, excluding subleases based on a percentage of sales.

Fiscal 2013		3,364
Fiscal 2014		2,794
Fiscal 2015		2,141
Fiscal 2016		1,018
Fiscal 2017		636
Thereafter		347
	$	10,300

Real estate rental income (loss), net of expense (including lease costs, depreciation, insurance, and taxes), related to licensee stores and other investment real estate, was $(468) in 2012, $285 in 2011, and $(429) in 2010 and is reflected in other expense, net in the accompanying consolidated statements of operations.

Guarantees

As part of the strategy for our store program, we 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 $2,007 and $2,515 at November 24, 2012 and November 26, 2011, respectively.

In the event of default by an independent dealer under the guaranteed lease, 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, and pursuing payment under the personal guarantees of the independent dealer. The proceeds of the above options are estimated to cover the maximum amount of our future payments under the guarantee obligations, net of reserves. The fair value of guarantees at November 24, 2012 and November 26, 2011, were $347 and $508, respectively, and are recorded in accrued liabilities and other long-term liabilities in the accompanying consolidated balance sheets. The inputs into this fair value estimate 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 8.

Note 19 - Earnings Per Share

12 Months Ended

Nov. 24, 2012

Earnings Per Share [Text Block]

19. Earnings Per Share

The following table sets forth the computation of basic and diluted loss per share:

	2012		2011		2010
Numerator:
Net income (loss)	$	26,713	$	55,342	$	(2,002	)

Denominator:
Denominator for basic income (loss) per share - weighted average shares		10,992,017		11,437,291		11,459,257
Effect of dilutive securities		103,394		106,879		-
Denominator for diluted income (loss) per share — weighted average shares and assumed conversions		11,095,411		11,544,170		11,459,257

Basic income (loss) per share:
Net income (loss) per share — basic	$	2.43	$	4.84	$	(0.17	)

Diluted income (loss) per share:
Net income (loss) per share — diluted	$	2.41	$	4.79	$	(0.17	)

Options to purchase 622,500, 924,464 and 1,009,514 shares of common stock in fiscal 2012, 2011, and 2010, respectively, were not included in the computation of diluted earnings per share because the effect of including the options in the computation would have been anti-dilutive.

Note 20 - Segment Information

12 Months Ended

Nov. 24, 2012

Segment Reporting Disclosure [Text Block]

20. Segment Information

We have strategically aligned our business into three reportable segments as defined in ASC 280, Segment Reporting, and as described below:

Wholesale. 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.

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

Investments and Real Estate. Our investments/real estate segment consists of our marketable securities, investments, distributions in excess of affiliate earnings (IHFC) 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 consolidated statements of operations. Our equity investment in IHFC is not included in the identifiable assets of this segment since it had a negative book value at November 26, 2011 and was therefore included in the long-term liabilities section of our consolidated balance sheet. Our entire investment in IHFC was sold during the second quarter of 2011. See Note 11 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 includes 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 retail consumer. The inter-company income elimination also includes rent paid by our retail stores occupying Company-owned real estate.

The following table presents segment information for each of the last three fiscal years:

	2012			2011			2010
Net Sales
Wholesale	$	185,187		$	177,372		$	176,255
Retail		171,633			147,961			122,241
Inter-company elimination		(87,148	)		(72,125	)		(63,242	)
Consolidated	$	269,672		$	253,208		$	235,254

Income (loss) from Operations
Wholesale	$	7,500		$	(4,394	)	$	2,431
Retail		(2,067	)		(4,495	)		(7,387	)
Inter-company elimination		717			942			269
Restructuring and asset impairment charges
Wholesale		(588	)		(1,311	)		-
Retail		(123	)		(1,189	)		-
Licensee debt cancellation charges		-			(6,447	)		-
Lease exit costs		(359	)		(3,728	)		-
Consolidated income (loss) from operations	$	5,080		$	(20,622	)	$	(4,687	)

Depreciation and Amortization
Wholesale	$	1,171		$	1,246		$	1,670
Retail		3,760			3,421			3,095
Investments/real estate		542			847			1,201
Consolidated	$	5,473		$	5,514		$	5,966

Capital Expenditures
Wholesale	$	3,092		$	690		$	515
Retail		5,898			3,478			1,498
Investments/real estate		10			-			-
Consolidated	$	9,000		$	4,168		$	2,013

Identifiable Assets
Wholesale	$	145,861		$	142,361		$	95,957
Retail		68,583			60,811			58,736
Investments/real estate		12,736			20,002			42,624
Consolidated	$	227,180		$	223,174		$	197,317

A breakdown of wholesale sales by product category for each of the last three fiscal years is provided below:

	2012		2011		2010

Wood		43%		44%		44%
Upholstery		57%		56%		56%
		100%		100%		100%

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-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 21 - Quarterly Results of Operations (unaudited)

12 Months Ended

Nov. 24, 2012

Quarterly Financial Information [Text Block]

21. Quarterly Results of Operations (unaudited)

	2012
	First Quarter (1)			Second Quarter (2)		Third Quarter (3)		Fourth Quarter (4)

Net sales	$	60,968		$	67,454	$	64,438	$	76,812
Gross profit		31,671			35,661		33,818		40,172
Net income (loss)		(596	)		8,042		2,371		16,896
Basic earnings (loss) per share		(0.05	)		0.72		0.22		1.57
Diluted earnings (loss) per share		(0.05	)		0.71		0.21		1.55

	2011
	First Quarter (5)			Second Quarter (6)		Third Quarter (7)		Fourth Quarter (8)

Net sales	$	64,264		$	66,261	$	59,417	$	63,266
Gross profit		31,848			33,197		29,251		33,270
Net income (loss)		(8,255	)		62,546		417		633
Basic earnings (loss) per share		(0.72	)		5.43		0.04		0.06
Diluted earnings (loss) per share		(0.72	)		5.39		0.04		0.06

All quarters presented above for 2012 and 2011 consist of 13 week fiscal periods.

(1)		Includes restructuring and asset impairment charges of $236 and lease exit costs of $228 – see Note 16 for further details. Also includes $806 charge for other than temporary impairment to our investment in Fortress – see Note 8 for further details.
(2)		Includes $9,010 of income from the final CDSOA distribution – see Note 9 for further details. Also includes restructuring and asset impairment charges of $475 and lease exit costs of $131 – see Note 16 for further details. Also includes $1,592 of tax benefit from partial release of deferred tax asset valuation reserves – see Note 12 for further information.
(3)		Includes $1,205 of tax benefit from partial release of deferred tax asset valuation reserves – see Note 12 for further information.
(4)		Includes $15,907 of tax benefit from release of deferred tax asset valuation reserves – see Note 12 for further information.
(5)		Includes restructuring and asset impairment charges of $879 and lease exit costs of $884 – see Note 16 for further details.
(6)		Includes $85,542 gain on sale of affiliate – see Note 11 for further details regarding the sale of our investment in IHFC. Also includes licensee debt cancellation charges of $6,447, restructuring and asset impairment charges of $1,080, and lease exit costs of $2,844 – see Note 16 for further details.
(7)		Includes restructuring and asset impairment charges of $123 – see Note 16 for further details.
(8)		Includes $765 of income associated with the Continued Dumping & Subsidy Offset Act. See Note 9 for further details. Also includes $418 of asset impairment and restructuring charges – see Note 16 for further details.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References + Details

Schedule II - Analysis of Valuation and Qualifying Accounts

12 Months Ended

Nov. 24, 2012

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

Bassett Furniture Industries, Incorporated

Schedule II

Analysis of Valuation and Qualifying Accounts
For the Years Ended November 24, 2012, November 26, 2011 and November 27, 2010

(amounts in thousands)

	Balance Beginning of Period		Additions Charged to Cost and Expenses			Deductions (1)			Other				Balance End of Period
For the Year Ended November 27, 2010
Reserve deducted from assets to which it applies

Allowance for doubtful accounts	$	10,757	$	4,671		$	(8,062	)	$	-			$	7,366

Notes receivable valuation reserves	$	8,950	$	1,825		$	(4,027	)	$	-			$	6,748

Lease/Loan guarantee reserves	$	3,366	$	1,407		$	(2,469	)	$	-			$	2,304

Restructuring reserve	$	535	$	-		$	(535	)	$	-			$	-

Lease exit costs	$	3,499	$	836		$	(1,488	)	$	-			$	2,847

Income tax valuation allowance	$	33,003	$	2,962		$	-		$	841	(2	)	$	36,806

For the Year Ended November 26, 2011:
Reserve deducted from assets to which it applies

Allowance for doubtful accounts	$	7,366	$	8,778		$	(14,052	)	$	-			$	2,092

Notes receivable valuation reserves	$	6,748	$	4,684		$	(7,292	)	$	-			$	4,140

Lease/Loan guarantee reserves	$	2,304	$	1,282		$	(3,078	)	$	-			$	508

Lease exit costs	$	2,847	$	5,058		$	(3,548	)	$	-			$	4,357

Income tax valuation allowance	$	36,806	$	-		$	(17,464	)	$	270	(2	)	$	19,612

For the Year Ended November 24, 2012:
Reserve deducted from assets to which it applies

Allowance for doubtful accounts	$	2,092	$	377		$	(680	)	$	-			$	1,789

Notes receivable valuation reserves	$	4,140	$	(1	)	$	-		$	-			$	4,139

Lease/Loan guarantee reserves	$	508	$	(41	)	$	(120	)	$	-			$	347

Lease exit costs	$	4,357	$	489		$	(2,232	)	$	-			$	2,614

Income tax valuation allowance	$	19,612	$	-		$	(18,704	)	$	-	(3	)	$	908

(1)	Deductions are for the purpose for which the reserve was created. Deductions from the income tax valuation allowance for the year ended November 26, 2011 represent the reduction in income tax expense resulting from the utilization of net operating loss carryforwards realized against the taxable gain on the sale of IHFC.
(2)	Represents the change in reserve recorded as part of accumulated other comprehensive income (loss).
(3)	Deduction for 2012 due to the reduction of the majority of our valuation allowance, resulting in a net tax benefit for the year.

Accounting Policies, by Policy (Policies)

12 Months Ended

Nov. 24, 2012

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation and Principles of Consolidation

For comparative purposes, certain amounts in the 2011 and 2010 financial statements have been reclassified to conform to the 2012 presentation.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash Equivalents

The Company considers cash on hand, demand deposits in banks and all highly liquid investments with an original maturity of three months or less to be cash and cash equivalents.

Receivables, Policy [Policy Text Block]

Accounts Receivable

	2012		2011
Portion of trade accounts receivable owed by licensees		52%		67%
Portion of allowance for doubtful accounts attributable to licensees		84%		79%

Notes Receivable

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Concentrations of Credit Risk and Major Customers

	2012		2011
Accounts receivable, net of allowances (Note 4)	$	15,755	$	14,756
Notes receivable, net of allowances (Note 6)		636		1,877
Contingent obligations under lease and loan guarantees, less amounts recognized (Note 18)		1,684		2,193
Total credit risk exposure related to customers	$	18,075	$	18,826

Inventory, Policy [Policy Text Block]

Inventories

Property, Plant and Equipment, Policy [Policy Text Block]

Property and Equipment

Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]

Goodwill

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Impairment of Long Lived Assets

Income Tax, Policy [Policy Text Block]

Income Taxes

Shipping and Handling Cost, Policy [Policy Text Block]

Shipping and Handling Costs

Advertising Costs, Policy [Policy Text Block]

Advertising

Liability Reserve Estimate, Policy [Policy Text Block]

Business Insurance Reserves

New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Pronouncements

Note 2 - Significant Accounting Policies (Tables)

12 Months Ended

Nov. 24, 2012

Deferred Revenue, by Arrangement, Disclosure [Table Text Block]

	November 24, 2012		November 26, 2011		November 27, 2010

Reduction of gross accounts receivable	$	-	$	-	$	494

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

	2012		2011		2010

Revenue deferred	$	-	$	1,678	$	947

Cost deferred	$	-	$	1,175	$	663

Percentages of Trade Accounts Receivable and Allowance of Doubtful Accounts Attributable to Licensees [Table Text Block]

	2012		2011
Portion of trade accounts receivable owed by licensees		52%		67%
Portion of allowance for doubtful accounts attributable to licensees		84%		79%

Schedule of Aggregate Exposure from Receivables and Guarantees Related to Customers [Table Text Block]

	2012		2011
Accounts receivable, net of allowances (Note 4)	$	15,755	$	14,756
Notes receivable, net of allowances (Note 6)		636		1,877
Contingent obligations under lease and loan guarantees, less amounts recognized (Note 18)		1,684		2,193
Total credit risk exposure related to customers	$	18,075	$	18,826

Note 3 - Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Nov. 24, 2012

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

	November 24, 2012			November 26, 2011

Actuarial adjustment to SERP	$	(1,066	)	$	(656	)
Unrealized holding gains		-			236
Excess of additional pension liability over unamortized transition obligation		(157	)		(188	)
	$	(1,223	)	$	(608	)

Note 4 - Accounts Receivable (Tables)

12 Months Ended

Nov. 24, 2012

Schedule of Accounts Receivable [Table Text Block]

	November 24, 2012			November 26, 2011
Gross accounts receivable	$	17,544		$	16,848
Allowance for doubtful accounts		(1,789	)		(2,092	)
Net accounts receivable	$	15,755		$	14,756

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

	2012			2011

Balance, beginning of the year	$	2,092		$	7,366
Additions charged to expense		377			8,778
Write-offs		(680	)		(14,052	)
Balance, end of the year	$	1,789		$	2,092

Note 5 - Inventories (Tables)

12 Months Ended

Nov. 24, 2012

Schedule of Inventory, Current [Table Text Block]

	November 24, 2012			November 26, 2011
Wholesale finished goods	$	33,110		$	26,873
Work in process		273			222
Raw materials and supplies		8,586			5,660
Retail merchandise		23,938			20,504
Total inventories on first-in, first-out method		65,907			53,259
LIFO adjustment		(6,902	)		(6,955	)
Reserve for excess and obsolete inventory		(1,089	)		(1,175	)
	$	57,916		$	45,129

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

	Wholesale Segment			Retail Segment			Total
Balance at November 27, 2010	$	1,519		$	209		$	1,728
Additions charged to expense		688			272			960
Write-offs		(1,220	)		(293	)		(1,513	)
Balance at November 26, 2011		987			188			1,175
Additions charged to expense		1,334			443			1,777
Write-offs		(1,606	)		(257	)		(1,863	)
Balance at November 24, 2012	$	715		$	374		$	1,089

Note 6 - Notes Receivable (Tables)

12 Months Ended

Nov. 24, 2012

Allowance for Doubtful Accounts [Member]

Change in Allowance for Doubtful Accounts and Discounts [Table Text Block]

	2012			2011

Balance, beginning of the year	$	4,140		$	6,748
Additions charged (credited) to expense		(1	)		4,712
Write-offs		-			(7,292	)
Amortization of discounts		-			(28	)
Balance, end of the year	$	4,139		$	4,140

Schedule of Notes Receivable [Table Text Block]

	November 24, 2012			November 26, 2011
Notes receivable	$	4,775		$	6,017
Allowance for doubtful accounts and discounts on notes receivable		(4,139	)		(4,140	)
Notes receivable, net		636			1,877
Less: current portion of notes receivable		(35	)		(75	)
Long term notes receivable	$	601		$	1,802

Interest and Other Income [Table Text Block]

		2012				2011				2010
Interest income		$	85			$	129			$	463

Note 7 - Property and Equipment (Tables)

12 Months Ended

Nov. 24, 2012

Property, Plant and Equipment [Table Text Block]

	November 24, 2012			November 26, 2011
Land	$	11,926		$	10,750
Buildings and leasehold improvements		71,207			66,113
Machinery and equipment		65,024			66,961
		148,157			143,824
Less accumulated depreciation		(91,533	)		(93,878	)
	$	56,624		$	49,946

Note 8 - Financial Instruments, Investments and Fair Value Measurements (Tables)

12 Months Ended

Nov. 24, 2012

Available-for-sale Securities [Table Text Block]

	Cost		Gross Unrealized					Market
	Basis		Gains		Losses			Value

Bond mutual funds	$	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

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

Balance at November 26, 2011		$	806

Total gains (losses) included in earnings related to change in underlying net assets			(806	)

Balance November 24, 2012		$	-

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

	November 24, 2012				November 26, 2011
	Carrying value		Fair value		Carrying value		Fair value
Assets:
Cash and cash equivalents	$	45,566	$	45,566	$	69,601	$	69,601
Accounts receivable, net		15,755		15,755		14,756		14,756
Notes receivable, net		636		636		1,877		1,877
Investments, including marketable securities		-		-		2,939		2,939

Liabilities:
Accounts payable	$	22,405	$	22,405	$	18,821	$	18,821
Real estate notes payable		3,294		3,668		3,864		3,804
Lease/loan guarantee reserves		347		347		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

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+ 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
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+ Details

Note 10 - Licensee Acquisitions and Goodwill (Tables)

12 Months Ended

Nov. 24, 2012

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	2012			2011			2010
Net assets acquired:
Inventory	$	1,480		$	3,618		$	3,319
Property and equipment/other		592			1,293			3,113
Goodwill		1,296			-			435
Customer deposits and other accrued expenses		(1,227	)		(2,613	)		(3,738	)

Total net assets acquired	$	2,141		$	2,298		$	3,129

Consideration given:
Accounts receivable	$	1,592		$	2,298		$	2,751
Cash		549			-			378

Total consideration	$	2,141		$	2,298		$	3,129

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

	2012			2011			2010
Net sales	$	1,646		$	11,264		$	16,507
Operating losses		(62	)		(874	)		(1,972	)

Schedule of Goodwill [Table Text Block]

	Wholesale		Retail		Total

Balance as of November 27, 2010	$	276	$	159	$	435
Goodwill from store acquisitions		-		-		-
Impairment charge		-		-		-

Balance as of November 26, 2011		276		159	$	435
Goodwill from store acquisitions		853		443		1,296
Impairment charge		-		-		-

Balance as of November 24, 2012	$	1,129	$	602	$	1,731

- Definition

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

+ References + Details

Note 11 - Unconsolidated Affiliated Companies (Tables)

12 Months Ended

Nov. 24, 2012

Gain from Sale and Consideration Received [Member]

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

Gain on sale of affiliate:
Consideration received:
Cash	$	69,152
Tax escrow receivable (1)		1,413
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

Income from IHFC [Member]

Schedule of Equity Method Investments [Table Text Block]

	2012		2011		2010
Earnings recognized	$	-	$	1,832	$	4,535
Dividends received		-		3,756		937

		2012				2011				2010
Earnings recognized		$	347			$	8			$	165

Summarized Financial Information for IHFC [Member]

Schedule of Equity Method Investments [Table Text Block]

		2011*		2010
Current assets	$	-	$	22,575
Non-current assets		-		43,892
Current liabilities		-		13,163
Long-term liabilities		-		105,526
Revenues		19,955		39,518
Net income		3,470		9,680

Note 12 - Income Taxes (Tables)

12 Months Ended

Nov. 24, 2012

Valuation Allowance of Deferred Tax Assets [Member]

Summary of Valuation Allowance [Table Text Block]

	2012			2011			2010

Balance, beginning of the year	$	19,612		$	36,806		$	33,003
Additions charged to expense		-			-			2,962
Deductions reducing expense		(18,704	)		(17,464	)		-
Additions (deductions) recorded as a component of other comprehensive (income) loss		-			270			841
Balance, end of the year	$	908		$	19,612		$	36,806

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2012			2011			2010
Current:
Federal	$	1,611		$	3,947		$	(10	)
State		(487	)		676			(196	)

Deferred:
Increase (decrease) in valuation allowance		(18,704	)		(17,464	)		2,962
Federal		2,458			14,934			(2,195	)
State		423			2,316			(767	)
Total	$	(14,699	)	$	4,409		$	(206	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2012		2011		2010
Statutory federal income tax rate	35.0	%	35.0	%	(34.0	)%
Dividends received deduction	-		(1.8	)	(71.6	)
Change in income tax valuation allowance	(155.6	)	(29.2	)	134.2
Change in income tax reserves	(3.3	)	(0.1	)	(13.2	)
State income tax, net of federal benefit	1.5		3.4		(20.1	)
Other	0.1		-		(4.6	)
Effective income tax rate	(122.3	)%	7.3	%	(9.3	)%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	November 24, 2012			November 26, 2011
Deferred income tax assets:
Trade accounts receivable	$	688		$	804
Inventories		1,946			2,036
Property and equipment		1,688			3,749
Notes receivable		1,592			1,592
Retirement benefits		5,547			5,162
Federal net operating loss and credit carryforwards		-			134
State net operating loss carryforwards		2,309			2,376
Unrealized holding loss		1,069			912
Lease termination accruals		1,005			1,676
Other		2,580			2,707

Gross deferred income tax assets		18,424			21,148
Valuation allowance		(908	)		(19,612	)
Total deferred income tax assets		17,516			1,536

Deferred income tax liabilities:
Unrealized gains from affiliates, net		78			125
Prepaid expenses and other		121			169
Unrealized holding gains, net		-			81

Total deferred income tax liabilities		199			375

Net deferred income tax assets	$	17,317		$	1,161

Summary of Valuation Allowance [Table Text Block]

	Balance Beginning of Period		Additions Charged to Cost and Expenses			Deductions (1)			Other				Balance End of Period
For the Year Ended November 27, 2010
Reserve deducted from assets to which it applies

Allowance for doubtful accounts	$	10,757	$	4,671		$	(8,062	)	$	-			$	7,366

Notes receivable valuation reserves	$	8,950	$	1,825		$	(4,027	)	$	-			$	6,748

Lease/Loan guarantee reserves	$	3,366	$	1,407		$	(2,469	)	$	-			$	2,304

Restructuring reserve	$	535	$	-		$	(535	)	$	-			$	-

Lease exit costs	$	3,499	$	836		$	(1,488	)	$	-			$	2,847

Income tax valuation allowance	$	33,003	$	2,962		$	-		$	841	(2	)	$	36,806

For the Year Ended November 26, 2011:
Reserve deducted from assets to which it applies

Allowance for doubtful accounts	$	7,366	$	8,778		$	(14,052	)	$	-			$	2,092

Notes receivable valuation reserves	$	6,748	$	4,684		$	(7,292	)	$	-			$	4,140

Lease/Loan guarantee reserves	$	2,304	$	1,282		$	(3,078	)	$	-			$	508

Lease exit costs	$	2,847	$	5,058		$	(3,548	)	$	-			$	4,357

Income tax valuation allowance	$	36,806	$	-		$	(17,464	)	$	270	(2	)	$	19,612

For the Year Ended November 24, 2012:
Reserve deducted from assets to which it applies

Allowance for doubtful accounts	$	2,092	$	377		$	(680	)	$	-			$	1,789

Notes receivable valuation reserves	$	4,140	$	(1	)	$	-		$	-			$	4,139

Lease/Loan guarantee reserves	$	508	$	(41	)	$	(120	)	$	-			$	347

Lease exit costs	$	4,357	$	489		$	(2,232	)	$	-			$	2,614

Income tax valuation allowance	$	19,612	$	-		$	(18,704	)	$	-	(3	)	$	908

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	2012			2011
Balance, beginning of the year	$	1,502		$	1,565
Gross increases		10			183
Gross decreases, primarily due to the expiration of statutes		(284	)		(246	)

Balance, end of the year	$	1,228		$	1,502

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

12 Months Ended

Nov. 24, 2012

Schedule of Debt [Table Text Block]

	November 24, 2012			November 26, 2011
Real estate notes payable	$	3,294		$	3,864
Less:
Current portion of real estate notes payable		(241	)		(202	)
	$	3,053		$	3,662

Schedule of Maturities of Long-term Debt [Table Text Block]

Fiscal 2013		241
Fiscal 2014		258
Fiscal 2015		276
Fiscal 2016		295
Fiscal 2017		315
Thereafter		1,909
	$	3,294

Note 14 - Post-Employment Benefit Obligations (Tables)

12 Months Ended

Nov. 24, 2012

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

	2012			2011
Change in Benefit Obligation:
Projected benefit obligation at beginning of year	$	9,326		$	8,866
Service cost		54			47
Interest cost		376			420
Actuarial losses		709			662
Benefits paid		(660	)		(669	)
Projected benefit obligation at end of year	$	9,805		$	9,326

Accumulated Benefit Obligation	$	9,342		$	9,102


Amounts recognized in the consolidated balance sheet:
Current liabilities	$	843		$	866
Noncurrent liabilities		8,962			8,460
	$	9,805		$	9,326
Amounts recognized in accumulated other comprehensive income:
Transition obligation	$	255		$	297
Actuarial loss		1,732			1,034
Net amount recognized	$	1,987		$	1,331

Total recognized in net periodic benefit cost and accumulated other comprehensive income:	$	1,139		$	1,129

Schedule of Net Benefit Costs [Table Text Block]

	2012		2011		2010

Components of Net Periodic Pension Cost:
Service cost	$	54	$	47	$	44
Interest cost		376		420		422
Amortization of transition obligation		42		42		42
Amortization of other loss		11		-		-

Net periodic pension cost	$	483	$	509	$	508

Schedule of Assumptions Used [Table Text Block]

Assumptions used to determine net periodic pension cost:
Discount rate	4.25	%	5.00	%	5.25	%
Increase in future compensation levels	3.00	%	3.00	%	3.00	%

Schedule of Expected Benefit Payments [Table Text Block]

Estimated Future Benefit Payments (with mortality):
Fiscal 2013	$	843
Fiscal 2014		879
Fiscal 2015		807
Fiscal 2016		770
Fiscal 2017		732
Fiscal 2018 through 2022		3,261

Note 15 - Capital Stock and Stock Compensation (Tables)

12 Months Ended

Nov. 24, 2012

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]


2012		2011		2010

$	636	$	426	$	376

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	2011				2010
Weighted average fair value of options on grant date			$4.19			$2.55
Expected life of options in years			6.25			6.25
Risk-free interest rate		2.19%	-	2.49%		2.5%
Expected volatility			60.0%			60.0%
Dividend yield		0.0%	-	1.5%		0.0%

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	Number of Shares			Weighted Average Exercise Price Per Share

Outstanding at November 26, 2011		1,075,464		$	13.95
Granted		-			-
Exercised		(87,400	)		6.59
Forfeited/Expired		(202,964	)		14.79
Outstanding at November 24, 2012		785,100			14.55
Exercisable at November 24, 2012		630,850		$	16.66

Schedule of Nonvested Share Activity [Table Text Block]

	Number of Shares			Weighted Average Grant Date Fair Value Per Share

Non-vested options outstanding at November 26, 2011		220,000		$	5.90
Granted		-			-
Vested		(65,750	)		5.65
Forfeited/Expired		-			-
Non-vested options outstanding at November 24, 2012		154,250			6.00

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

				Options Outstanding						Options Exercisable
Range of Exercise Prices				Shares		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Shares		Weighted Average Exercise Price
$	3.23	-	$6.45		102,350		7.6	$	4.38		16,350	$	4.38
$	6.45	-	$9.67		72,250		8.6		8.02		4,000		8.02
$	9.68	-	$12.90		138,000		4.8		10.60		138,000		10.60
$	12.91	-	$16.13		67,500		3.9		14.89		67,500		14.89
$	16.14	-	$19.35		150,000		3.6		16.96		150,000		16.96
$	19.36	-	$22.58		255,000		1.3		21.12		255,000		21.12
					785,100						630,850

Aggregate intrinsic value				$	1,025					$	215

Schedule of Share-based Compensation, Activity [Table Text Block]

	2012		2011		2010

Total intrinsic value of options exercised	$	530	$	74	$	-
Total fair value of options vested		371		110		242
Total cash received from the exercise of options		536		81		-

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

	Grant Date	Restricted Shares Granted		Share Value at Grant Date Per Share		Restriction Period (Years)

Grants during fiscal 2010	May 3, 2010		17,528	$	5.99		1
	July 14, 2010		43,000	$	4.38		3

Grants during fiscal 2011	March 7, 2011		4,000	$	8.15		3
	May 2, 2011		11,760	$	8.93		1
	July 13, 2011		4,200	$	8.02		1
	July 13, 2011		75,000	$	8.02		3

Grants during fiscal 2012	May 1, 2012		11,184	$	10.73		1
	July 13, 2012		1,398	$	11.69		1

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

+ References + Details

Note 16 - Restructuring, Asset Impairment, and Other Charges (Tables)

12 Months Ended

Nov. 24, 2012

Schedule of Restructuring and Related Costs [Table Text Block]

	2012		2011		2010
Restructuring and asset impairment charges:
Asset impairment charges related to Company-owned retail store closures	$	123	$	1,156	$	-
Asset impairment charges & demolition costs associated with closed plants		588		1,312		-
Other		-		32		-
Total restructuring and asset impairment charges	$	711	$	2,500	$	-

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	$	-

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

Total charges related to restructuring, asset impairment, lease exit costs and debt cancellation included in loss from operations	$	1,070	$	12,675	$	-

Schedule of Restructuring and Asset Impairment Charges by Segment [Table Text Block]

	2012		2011		2010
Wholesale	$	719	$	8,653	$	-
Retail		351		4,022		-
	$	1,070	$	12,675	$	-

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

	2012			2011

Balance, beginning of the year	$	4,357		$	2,847
Provisions associated with corporate store and retail office closures		228			2,721
Provisions associated with licensee store closings		-			661
Provisions made to adjust previous estimates		111			1,560
Payments on unexpired leases		(2,232	)		(2,048	)
Payment to terminate lease commitment		-			(1,500	)
Accretion of interest on obligations		150			116

Balance, end of the year	$	2,614		$	4,357

Current portion included in other accrued liabilities	$	1,609		$	1,756
Long-term portion included in other long-term liabilities		1,005			2,601
	$	2,614		$	4,357

Note 18 - Leases, Lease Guarantees and Loan Guarantees (Tables)

12 Months Ended

Nov. 24, 2012

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Fiscal 2013		18,358
Fiscal 2014		14,550
Fiscal 2015		11,983
Fiscal 2016		9,015
Fiscal 2017		6,393
Thereafter		12,501
	$	72,800

Schedule of Future Rental Income [Table Text Block]

Fiscal 2013		3,364
Fiscal 2014		2,794
Fiscal 2015		2,141
Fiscal 2016		1,018
Fiscal 2017		636
Thereafter		347
	$	10,300

Note 19 - Earnings Per Share (Tables)

12 Months Ended

Nov. 24, 2012

Schedule of Earnings Per Share Reconciliation [Table Text Block]

	2012		2011		2010
Numerator:
Net income (loss)	$	26,713	$	55,342	$	(2,002	)

Denominator:
Denominator for basic income (loss) per share - weighted average shares		10,992,017		11,437,291		11,459,257
Effect of dilutive securities		103,394		106,879		-
Denominator for diluted income (loss) per share — weighted average shares and assumed conversions		11,095,411		11,544,170		11,459,257

Basic income (loss) per share:
Net income (loss) per share — basic	$	2.43	$	4.84	$	(0.17	)

Diluted income (loss) per share:
Net income (loss) per share — diluted	$	2.41	$	4.79	$	(0.17	)

Note 20 - Segment Information (Tables)

12 Months Ended

Nov. 24, 2012

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

	2012			2011			2010
Net Sales
Wholesale	$	185,187		$	177,372		$	176,255
Retail		171,633			147,961			122,241
Inter-company elimination		(87,148	)		(72,125	)		(63,242	)
Consolidated	$	269,672		$	253,208		$	235,254

Income (loss) from Operations
Wholesale	$	7,500		$	(4,394	)	$	2,431
Retail		(2,067	)		(4,495	)		(7,387	)
Inter-company elimination		717			942			269
Restructuring and asset impairment charges
Wholesale		(588	)		(1,311	)		-
Retail		(123	)		(1,189	)		-
Licensee debt cancellation charges		-			(6,447	)		-
Lease exit costs		(359	)		(3,728	)		-
Consolidated income (loss) from operations	$	5,080		$	(20,622	)	$	(4,687	)

Depreciation and Amortization
Wholesale	$	1,171		$	1,246		$	1,670
Retail		3,760			3,421			3,095
Investments/real estate		542			847			1,201
Consolidated	$	5,473		$	5,514		$	5,966

Capital Expenditures
Wholesale	$	3,092		$	690		$	515
Retail		5,898			3,478			1,498
Investments/real estate		10			-			-
Consolidated	$	9,000		$	4,168		$	2,013

Identifiable Assets
Wholesale	$	145,861		$	142,361		$	95,957
Retail		68,583			60,811			58,736
Investments/real estate		12,736			20,002			42,624
Consolidated	$	227,180		$	223,174		$	197,317

Schedule of Breakdown of Wholesale Sales by Product Category [Table Text Block]

	2012		2011		2010

Wood		43%		44%		44%
Upholstery		57%		56%		56%
		100%		100%		100%

- 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 21 - Quarterly Results of Operations (unaudited) (Tables)

12 Months Ended

Nov. 24, 2012

Schedule of Quarterly Financial Information [Table Text Block]

	2012
	First Quarter (1)			Second Quarter (2)		Third Quarter (3)		Fourth Quarter (4)

Net sales	$	60,968		$	67,454	$	64,438	$	76,812
Gross profit		31,671			35,661		33,818		40,172
Net income (loss)		(596	)		8,042		2,371		16,896
Basic earnings (loss) per share		(0.05	)		0.72		0.22		1.57
Diluted earnings (loss) per share		(0.05	)		0.71		0.21		1.55

	2011
	First Quarter (5)			Second Quarter (6)		Third Quarter (7)		Fourth Quarter (8)

Net sales	$	64,264		$	66,261	$	59,417	$	63,266
Gross profit		31,848			33,197		29,251		33,270
Net income (loss)		(8,255	)		62,546		417		633
Basic earnings (loss) per share		(0.72	)		5.43		0.04		0.06
Diluted earnings (loss) per share		(0.72	)		5.39		0.04		0.06

Schedule II - Analysis of Valuation and Qualifying Accounts (Tables)

12 Months Ended

Nov. 24, 2012

Summary of Valuation Allowance [Table Text Block]

	Balance Beginning of Period		Additions Charged to Cost and Expenses			Deductions (1)			Other				Balance End of Period
For the Year Ended November 27, 2010
Reserve deducted from assets to which it applies

Allowance for doubtful accounts	$	10,757	$	4,671		$	(8,062	)	$	-			$	7,366

Notes receivable valuation reserves	$	8,950	$	1,825		$	(4,027	)	$	-			$	6,748

Lease/Loan guarantee reserves	$	3,366	$	1,407		$	(2,469	)	$	-			$	2,304

Restructuring reserve	$	535	$	-		$	(535	)	$	-			$	-

Lease exit costs	$	3,499	$	836		$	(1,488	)	$	-			$	2,847

Income tax valuation allowance	$	33,003	$	2,962		$	-		$	841	(2	)	$	36,806

For the Year Ended November 26, 2011:
Reserve deducted from assets to which it applies

Allowance for doubtful accounts	$	7,366	$	8,778		$	(14,052	)	$	-			$	2,092

Notes receivable valuation reserves	$	6,748	$	4,684		$	(7,292	)	$	-			$	4,140

Lease/Loan guarantee reserves	$	2,304	$	1,282		$	(3,078	)	$	-			$	508

Lease exit costs	$	2,847	$	5,058		$	(3,548	)	$	-			$	4,357

Income tax valuation allowance	$	36,806	$	-		$	(17,464	)	$	270	(2	)	$	19,612

For the Year Ended November 24, 2012:
Reserve deducted from assets to which it applies

Allowance for doubtful accounts	$	2,092	$	377		$	(680	)	$	-			$	1,789

Notes receivable valuation reserves	$	4,140	$	(1	)	$	-		$	-			$	4,139

Lease/Loan guarantee reserves	$	508	$	(41	)	$	(120	)	$	-			$	347

Lease exit costs	$	4,357	$	489		$	(2,232	)	$	-			$	2,614

Income tax valuation allowance	$	19,612	$	-		$	(18,704	)	$	-	(3	)	$	908

- Definition

+ References + Details

Note 1 - Description of Business (Detail)	Nov. 24, 2012
Company-owned Retail Stores [Member]
Number of Stores	53
Licensee Operated Retail Stores [Member]
Number of Licensee Operated Retail Stores	33
Number of Stores	86
Percent of Wholesale Products Sourced from Other Countries	50.00%
Number of Domestic Manufacturing Facilities	2

Note 2 - Significant Accounting Policies (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Building and Building Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life	10 years
Building and Building Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life	39 years
Machinery and Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life	5 years
Machinery and Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life	10 years
Retail Buildings and Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life	10 years
Retail Buildings and Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life	39 years
Retail Real Estate [Member]
Land	$ 4,602	$ 5,731
Buildings and Improvements, Gross	12,680	15,431
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	4,547	4,905
Depreciation	$ 501	876	$ 1,306
Asset Impairment Charges		$ 3,953
Licensee A [Member]
Percent of Aggregate Risk Exposure Net of Reserves Attributable to Major Licensees		10.00%
Licensee B [Member]
Percent of Aggregate Risk Exposure Net of Reserves Attributable to Major Licensees		10.00%
Minimum [Member]
Payment Terms for Wholesale Customers	30 days
Maximum [Member]
Payment Terms for Wholesale Customers	60 days
Deliver Wholesale Merchandise to Customers [Member]
Shipping, Handling and Transportation Costs	$ 13,548	$ 13,680	13,308
Deliver Retail Merchandise to Customers [Member]
Shipping, Handling and Transportation Costs	9,957	7,452	4,721
Non-cash Consideration Given for Store Acquisition	$ 1,592	$ 2,298	2,751
Percent of Aggregate Risk Exposure Net of Reserves Attributable to Major Licensees	12.00%	20.00%
Number of Major Licensees	1	2
Disclosure on Geographic Areas, Revenue from External Customers Attributed to Foreign Countries	$ 6,121	$ 6,598	5,350
Percentage of LIFO Inventory	18.00%	15.00%
Land	$ 11,926	$ 10,750
Buildings and Improvements, Gross	71,207	66,113
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	91,533	93,878
Depreciation	5,127	4,837	4,917
Goodwill	1,731	435	435
Advertising Expense	$ 13,296	$ 10,399	$ 8,462

Note 2 - Significant Accounting Policies (Detail) - Reduction of gross accounts receivable related to deferred gross profit $ in Thousands	Nov. 27, 2010 USD ($)
Reduction of gross accounts receivable	$ 494

Note 2 - Significant Accounting Policies (Detail) - Total revenue and cost deferred for each fiscal year - USD ($) $ in Thousands	12 Months Ended
	Nov. 26, 2011	Nov. 27, 2010
Revenue deferred	$ 1,678	$ 947
Cost deferred	$ 1,175	$ 663

Note 2 - Significant Accounting Policies (Detail) - The percentages of our trade accounts receivable and related allowance for doubtful accounts owed to us by licensees	Nov. 24, 2012	Nov. 26, 2011
Portion of trade accounts receivable owed by licensees	52.00%	67.00%
Portion of allowance for doubtful accounts attributable to licensees	84.00%	79.00%

Note 2 - Significant Accounting Policies (Detail) - Aggregate exposure from receivables and guarantees related to customers - USD ($) $ in Thousands	Nov. 24, 2012	Nov. 26, 2011
Accounts receivable, net of allowances (Note 4)	$ 15,755	$ 14,756
Notes receivable, net of allowances (Note 6)	636	1,877
Contingent obligations under lease and loan guarantees, less amounts recognized (Note 18)	1,684	2,193
Total credit risk exposure related to customers	$ 18,075	$ 18,826

Note 3 - Accumulated Other Comprehensive Income (Loss) (Detail) - Accumulated other comprehensive income (loss) - USD ($) $ in Thousands	Nov. 24, 2012	Nov. 26, 2011
Actuarial Adjustment to SERP [Member]
Accumulated other comprehensive income (loss), pension and other postretirement benefit plans	$ (1,066)	$ (656)
Excess of Additional Pension Liability Over Unamortized Transition Obligation [Member]
Accumulated other comprehensive income (loss), pension and other postretirement benefit plans	(157)	(188)
Accumulated other comprehensive income (loss), pension and other postretirement benefit plans	(1,139)	(1,129)
	$ (1,223)	(608)
Unrealized holding gains		$ 236

- Definition

The total of net gain (loss), prior service cost (credit), and transition assets (obligations), as well as minimum pension liability if still remaining, included in accumulated other comprehensive income associated with a defined benefit pension or other postretirement plan(s) because they have yet to be recognized as components of net periodic benefit cost.

+ 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 (j-k)
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669646-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-SubTopic 10
-Section 45
-Paragraph 11
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Topic 715
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-Paragraph 1
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-SubTopic 10
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-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669686-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 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 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7
-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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph i
-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

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
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-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
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-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

+ Details

Note 4 - Accounts Receivable (Detail) - Accounts receivable - USD ($) $ in Thousands	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Gross accounts receivable	$ 17,544	$ 16,848
Allowance for doubtful accounts	(1,789)	(2,092)	$ (7,366)
Net accounts receivable	$ 15,755	$ 14,756

Note 4 - Accounts Receivable (Detail) - Activity in the allowance for doubtful accounts - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Additions Charged to Expense [Member]
Additions charged to expense	$ 377	$ 8,778
Balance, beginning of the year	2,092	7,366
Additions charged to expense	376	13,490	$ 6,567
Write-offs	(680)	(14,052)
Balance, end of the year	$ 1,789	$ 2,092	$ 7,366

Note 5 - Inventories (Detail) - USD ($) $ in Thousands	12 Months Ended
Note 5 - Inventories (Detail) - USD ($) $ in Thousands	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Purchases from Major Vendors	$ 23,416	$ 24,996	$ 24,229

Note 5 - Inventories (Detail) - Inventories - USD ($) $ in Thousands	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Wholesale finished goods	$ 33,110	$ 26,873
Work in process	273	222
Raw materials and supplies	8,586	5,660
Retail merchandise	23,938	20,504
Total inventories on first-in, first-out method	65,907	53,259
LIFO adjustment	(6,902)	(6,955)
Reserve for excess and obsolete inventory	(1,089)	(1,175)	$ (1,728)
	$ 57,916	$ 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 - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011
Wholesale Segment [Member]
Balance	$ 987	$ 1,519
Additions charged to expense	1,334	688
Write-offs	(1,606)	(1,220)
Balance	715	987
Retail Segment [Member]
Balance	188	209
Additions charged to expense	443	272
Write-offs	(257)	(293)
Balance	374	188
Balance	1,175	1,728
Additions charged to expense	1,777	960
Write-offs	(1,863)	(1,513)
Balance	$ 1,089	$ 1,175

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	12 Months Ended
Note 6 - Notes Receivable (Detail) - USD ($) $ in Thousands	Nov. 24, 2012	Nov. 26, 2011
Due from Former Licensees [Member]
Financing Receivable, Net (in Dollars)	$ 583	$ 1,682
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	54.00%	43.00%
Financing Receivable, Net (in Dollars)	$ 636	$ 1,877

Note 6 - Notes Receivable (Detail) - Notes receivable - USD ($) $ in Thousands	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Notes receivable	$ 4,775	$ 6,017
Allowance for doubtful accounts and discounts on notes receivable	(4,139)	(4,140)	$ (6,748)
Notes receivable, net	636	1,877
Less: current portion of notes receivable	(35)	(75)
Long term notes receivable	$ 601	$ 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) - Interest income on the notes receivable - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Interest income	$ 85	$ 129	$ 463

Note 6 - Notes Receivable (Detail) - Table of allowance for doubtful accounts and discounts - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011
Balance	$ 4,140	$ 6,748
Additions charged (credited) to expense	(1)	4,712
Write-offs		(7,292)
Amortization of discounts		(28)
Balance	$ 4,139	$ 4,140

- Definition

The sum of the periodic provision charged to earnings, based on an assessment of uncollectibility from the counterparty on account of loan, lease or other credit losses, to reduce these accounts to the amount that approximates their net realizable value.

+ References + Details

Note 7 - Property and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Used by Company-owned Stores [Member]
Property, Plant and Equipment, Net	$ 44,620	$ 39,317
Depreciation	5,127	4,837	$ 4,917
Property, Plant and Equipment, Net	$ 56,624	$ 49,946

Note 7 - Property and Equipment (Detail) - Property and equipment consist of the following: - USD ($) $ in Thousands	Nov. 24, 2012	Nov. 26, 2011
Land	$ 11,926	$ 10,750
Buildings and leasehold improvements	71,207	66,113
Machinery and equipment	65,024	66,961
	148,157	143,824
Less accumulated depreciation	(91,533)	(93,878)
	$ 56,624	$ 49,946

- Definition

The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement.

+ References + Details

Note 8 - Financial Instruments, Investments and Fair Value Measurements (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Gain (Loss) on Investments [Member]
Gain Loss Previously Included in Other Comprehensive Income		$ 208
Realized Gains and Losses and Investment Income [Member]
Marketable Securities, Realized Gain (Loss), Excluding Other than Temporary Impairments			$ 2,272
Marketable Securities, Gain (Loss), Excluding Other than Temporary Impairments	$ 313
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax		236
Marketable Securities, Realized Gain (Loss), Excluding Other than Temporary Impairments	453	163	$ 2,325
Investment in Fortress		$ 806
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net	$ 806

- Definition

This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period.

+ References + Details

- 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 8 - Financial Instruments, Investments and Fair Value Measurements (Detail) - Available-for-sale securities $ in Thousands	Nov. 24, 2012 USD ($)
Bond Mutual Fund Shares [Member]
Cost basis	$ 1,175
Gross unrealized gains	149
Gross unrealized losses	(4)
Market value	1,320
US Government Agencies Debt Securities [Member]
Cost basis	908
Gross unrealized gains	38
Market value	946
US Treasury Securities [Member]
Cost basis	648
Gross unrealized gains	26
Gross unrealized losses	(1)
Market value	673
Cost basis	2,731
Gross unrealized gains	213
Gross unrealized losses	(5)
Market value	$ 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 8 - Financial Instruments, Investments and Fair Value Measurements (Detail) - Reconciliation of all assets measured at fair value on a recurring basis $ in Thousands	12 Months Ended
	Nov. 24, 2012 USD ($)
Balance at November 26, 2011	$ 806
Total gains (losses) included in earnings related to change in underlying net assets	$ (806)

Note 8 - Financial Instruments, Investments and Fair Value Measurements (Detail) - Carrying values and approximate fair values of financial instruments - USD ($) $ in Thousands	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010	Nov. 28, 2009
Lease and Loan Guarantees [Member]
Liabilities:
Lease/loan guarantee reserves	$ 347	$ 508
Lease/loan guarantee reserves	347	508
Cash and cash equivalents	45,566	69,601	$ 11,071	$ 23,221
Cash and cash equivalents	45,566	69,601
Accounts receivable, net	15,755	14,756
Accounts receivable, net	15,755	14,756
Notes receivable, net	636	1,877
Notes receivable, net	636	1,877
Investments, including marketable securities		2,939
Investments, including marketable securities		2,939
Accounts payable	22,405	18,821
Accounts payable	22,405	18,821
Real estate notes payable	3,294	3,864
Real estate notes payable	$ 3,668	$ 3,804

Note 9 - Income from the Continued Dumping and Subsidy Offset Act (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	May 26, 2012	Nov. 26, 2011	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Income from Continued Dumping and Subsidy Offset Act	$ 9,010	$ 765	$ 9,010	$ 765	$ 488

Note 10 - Licensee Acquisitions and Goodwill (Detail) $ in Thousands	12 Months Ended
	Nov. 24, 2012 USD ($)	Nov. 26, 2011 USD ($)	Nov. 27, 2010 USD ($)
Knoxville [Member]
Number of Stores Acquired	1
Business Acquisition, Cost of Acquired Entity, Purchase Price	$ 673
Business Acquisition, Cost of Acquired Entity, Cash Paid	485
Business Acquisition, Cost of Acquired Entity, Other Noncash Consideration	188
Business Acquisition, Purchase Price Allocation, Goodwill Amount	$ 375
Orange County [Member]
Number of Stores Acquired	2
Business Acquisition, Cost of Acquired Entity, Purchase Price	$ 1,468
Business Acquisition, Cost of Acquired Entity, Cash Paid	64
Business Acquisition, Cost of Acquired Entity, Other Noncash Consideration	1,404
Business Acquisition, Purchase Price Allocation, Goodwill Amount	921
Licensee Operated Retail Stores [Member]
Number of Licensees		4
Pursuant to Foreclosure and Settlement Agreements [Member]
Number of Stores Acquired			9
Acquired from Licensee Following Request for Buyout [Member]
Number of Stores Acquired			1
Number of Stores Acquired		9	11
Business Acquisition, Cost of Acquired Entity, Purchase Price	2,141	$ 2,298	$ 3,129
Business Acquisition, Cost of Acquired Entity, Cash Paid	549		378
Business Acquisition, Cost of Acquired Entity, Other Noncash Consideration	1,592	$ 2,298	2,751
Business Acquisition, Purchase Price Allocation, Goodwill Amount	$ 1,296		$ 435
Number of Licensees			8

Note 10 - Licensee Acquisitions and Goodwill (Detail) - Net assets acquired and consideration given - USD ($) $ in Thousands	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Net assets acquired:
Inventory	$ 1,480	$ 3,618	$ 3,319
Property and equipment/other	592	1,293	3,113
Goodwill	1,296		435
Customer deposits and other accrued expenses	(1,227)	(2,613)	(3,738)
Total net assets acquired	2,141	2,298	3,129
Consideration given:
Accounts receivable	1,592	2,298	2,751
Cash	549		378
Total consideration	$ 2,141	$ 2,298	$ 3,129

Note 10 - Licensee Acquisitions and Goodwill (Detail) - Net sales and operating loss generated subsequent to the acquisition - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Nov. 24, 2012

^[1]

Aug. 25, 2012

^[2]

May 26, 2012

^[3]

Feb. 25, 2012

^[4]

Nov. 26, 2011

^[5]

Aug. 27, 2011

^[6]

May 28, 2011

^[7]

Feb. 26, 2011

^[8]

Nov. 24, 2012

Nov. 26, 2011

Nov. 27, 2010

Retail Stores Acquired [Member]

Net sales

$ 1,646

$ 11,264

$ 16,507

Operating losses

(62)

(874)

(1,972)

Net sales

$ 76,812

$ 64,438

$ 67,454

$ 60,968

$ 63,266

$ 59,417

$ 66,261

$ 64,264

269,672

253,208

235,254

Operating losses

$ 5,080

$ (20,622)

$ (4,687)

[1]	Includes $15,907 of tax benefit from release of deferred tax asset valuation reserves - see Note 12 for further information.
[2]	Includes $1,205 of tax benefit from partial release of deferred tax asset valuation reserves - see Note 12 for further information.
[3]	Includes $9,010 of income from the final CDSOA distribution - see Note 9 for further details. Also includes restructuring and asset impairment charges of $475 and lease exit costs of $131 - see Note 16 for further details. Also includes $1,592 of tax benefit from partial release of deferred tax asset valuation reserves - see Note 12 for further information.
[4]	Includes restructuring and asset impairment charges of $236 and lease exit costs of $228 - see Note 16 for further details. Also includes $806 charge for other than temporary impairment to our investment in Fortress - see Note 8 for further details.
[5]	Includes $765 of income associated with the Continued Dumping & Subsidy Offset Act. See Note 9 for further details. Also includes $418 of asset impairment and restructuring charges - see Note 16 for further details.
[6]	Includes restructuring and asset impairment charges of $123 - see Note 16 for further details.
[7]	Includes $85,542 gain on sale of affiliate - see Note 11 for further details regarding the sale of our investment in IHFC. Also includes licensee debt cancellation charges of $6,447, restructuring and asset impairment charges of $1,080, and lease exit costs of $2,844 - see Note 16 for further details.
[8]	Includes restructuring and asset impairment charges of $879 and lease exit costs of $884 - see Note 16 for further details.

Note 10 - Licensee Acquisitions and Goodwill (Detail) - Carrying value of Goodwill $ in Thousands	12 Months Ended
	Nov. 24, 2012 USD ($)
Wholesale Segment [Member] \| Retail Stores Acquired [Member]
Goodwill from store acquisition	$ 853
Wholesale Segment [Member]
Balance	276
Balance	1,129
Retail Segment [Member] \| Retail Stores Acquired [Member]
Goodwill from store acquisition	443
Retail Segment [Member]
Balance	159
Balance	602
Retail Stores Acquired [Member]
Goodwill from store acquisition	1,296
Balance	435
Balance	$ 1,731

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

1 Months Ended

3 Months Ended

12 Months Ended

Dec. 19, 2012

May 28, 2011

Nov. 24, 2012

Nov. 26, 2011

Nov. 27, 2010

May 02, 2011

IHFC [Member]

Equity Method Investment, Ownership Percentage

46.90%

Zenith Freight Lines [Member]

Equity Method Investment, Ownership Percentage

49.00%

Indemnification Escrow Receivable Current Asset

$ 2,348

Indemnification Escrow Receivable

4,695

$ 4,695

^[1]

Increase (Decrease) in Other Receivables

$ 2,348

Cost Method Investments

^[2]

$ 1,000

Equity Method Investments

6,484

6,137

Payments to Acquire Equity Method Investments

$ 980

Gross Additional Investment by All Affiliate Owners

$ 2,000

25,317

23,665

$ 20,667

Due to Affiliate

$ 2,547

$ 2,114

[1]	$2,348 included in other current assets in the accompanying consolidated balance sheets at November 24, 2012 and November 26, 2011, with the remainder included in other assets.
[2]	Included in other assets in the accompanying consolidated balance sheets at November 24, 2012 and November 26, 2011.

Note 11 - Unconsolidated Affiliated Companies (Detail) - Consideration received, the balance of investment in IHFC at the time of sale and gain from the sale - USD ($)
$ in Thousands

3 Months Ended

4 Months Ended

12 Months Ended

May 28, 2011

May 02, 2011

Nov. 24, 2012

Nov. 26, 2011

Consideration received:

Cash

$ 69,152

$ 1,410

$ 69,152

Tax escrow receivable (1)

^[1]

1,413

Indemnification escrow receivable (2)

4,695

^[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]	Included in other current assets in the accompanying balance sheet at November 26, 2011, these funds were released to us during the first quarter of fiscal 2012.
[2]	$2,348 included in other current assets in the accompanying consolidated balance sheets at November 24, 2012 and November 26, 2011, with the remainder included in other assets.
[3]	Included in other assets in the accompanying consolidated balance sheets at November 24, 2012 and November 26, 2011.

- 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

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-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

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-Name Accounting Standards Codification
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-SubTopic 20
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-Paragraph 2
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-Number 18
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-Number FAS115-1/124-1
-Paragraph 18
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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 11 - Unconsolidated Affiliated Companies (Detail) - Income - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
IHFC [Member] \| Earnings Recognized [Member]
Income from affiliate		$ 1,832	$ 4,535
IHFC [Member] \| Dividends Received [Member]
Income from affiliate		3,756	937
Zenith Freight Lines [Member] \| Earnings Recognized [Member]
Income from affiliate	$ 347	8	165
Income from affiliate	$ 347	$ 1,840	$ 4,700

- 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
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-Topic 323
-SubTopic 10
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-Paragraph 1
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-Name Accounting Standards Codification
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-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.12)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

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-Name Regulation S-X (SX)
-Number 210
-Section 04
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-Publisher FASB
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-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 11 - Unconsolidated Affiliated Companies (Detail) - Summarized financial information for IHFC - USD ($)
$ in Thousands

12 Months Ended

Nov. 24, 2012

^[1]

Nov. 26, 2011

Current assets

$ 22,575

Non-current assets

43,892

Current liabilities

13,163

Long-term liabilities

105,526

Revenues

19,955

39,518

Net income

$ 3,470

$ 9,680

[1]	No balance sheet information is reported as of November 26, 2011 as we no longer have any ownership interest in IHFC, and IHFC no longer exists as a stand-alone legal entity. Revenues and net income are reported for the five month period ended May 2, 2011.

- Definition

The amount of current assets reported by an equity method investment of the entity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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+ Details

- Definition

The amount of current liabilities reported by an equity method investment of the entity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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+ Details

- Definition

The amount of net income (loss) reported by an equity method investment of the entity.

+ References

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+ Details

- Definition

The amount of noncurrent assets reported by an equity method investment of the entity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
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+ Details

- Definition

The amount of noncurrent liabilities reported by an equity method investment of the entity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
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+ Details

Note 12 - Income Taxes (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			12 Months Ended
	Nov. 24, 2012	Aug. 25, 2012	May 26, 2012	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
State Net Operating Loss Carryforwards [Member]
Deferred Tax Assets, Valuation Allowance	$ 908			$ 908
Federal Operating Loss Carryforwards [Member]
Income Tax Expense (Benefit)					$ (6,341)
Income Tax Expense (Benefit)	15,907	$ 1,205	$ 1,592	(14,699)	$ 4,409	$ (206)
Years Company Remained in Cumulative Loss Position					3 years
Valuation Allowance, Deferred Tax Asset, Change in Amount				$ 18,704	$ 17,464	(2,962)
Effect of Change in Deferred Tax Assets Valuation Allowance on Basic Earnings Per Share (in Dollars per share)				$ 1.70
Effect of Change in Deferred Tax Assets Valuation Allowance on Diluted Earnings Per Share (in Dollars per share)				$ 1.69
Deferred Tax Assets, Valuation Allowance	908			$ 908	19,612
Operating Loss Carryforwards	29,059			29,059
Income Taxes Paid, Net				2,010	3,651
Proceeds from Income Tax Refunds						1,582
Unrecognized Tax Benefits	1,228			1,228	1,502	1,565
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	175			175	440
Unrecognized Tax Benefits, Interest on Income Taxes Expense				(63)	67	(112)
Unrecognized Tax Benefits, Income Tax Penalties Expense				57	46	$ 30
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	164			164	226
Unrecognized Tax Benefits, Income Tax Penalties Accrued	$ 40			$ 40	$ 97

Note 12 - Income Taxes (Detail) - Components of the income tax provision (benefit) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Nov. 24, 2012	Aug. 25, 2012	May 26, 2012	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Current:
Federal				$ 1,611	$ 3,947	$ (10)
State				(487)	676	(196)
Deferred:
Increase (decrease) in valuation allowance				(18,704)	(17,464)	2,962
Federal				2,458	14,934	(2,195)
State				423	2,316	(767)
Total	$ 15,907	$ 1,205	$ 1,592	$ (14,699)	$ 4,409	$ (206)

- Definition

The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of enacted federal tax law to the domestic taxable Income or Loss from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Current Tax Expense (or Benefit)
-URI http://asc.fasb.org/extlink&oid=6509736

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.7)
-URI http://asc.fasb.org/extlink&oid=6889476&loc=d3e330036-122817

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section I
-Paragraph Question 1-7

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 45
-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 109
-Paragraph 289
-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 08
-Paragraph h
-Article 4

+ Details

- Definition

The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of enacted state and local tax law to relevant amounts of taxable Income or Loss from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.7)
-URI http://asc.fasb.org/extlink&oid=6889476&loc=d3e330036-122817

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Current Tax Expense (or Benefit)
-URI http://asc.fasb.org/extlink&oid=6509736

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 45
-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 SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section I
-Subsection 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 289
-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 component of total income tax expense for the period comprised of the increase (decrease) during the period in the entity's domestic deferred tax assets and liabilities attributable to continuing operations as determined by applying the provisions of the federally enacted tax law.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Deferred Tax Expense (or Benefit)
-URI http://asc.fasb.org/extlink&oid=6510177

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.7)
-URI http://asc.fasb.org/extlink&oid=6889476&loc=d3e330036-122817

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 8, 16, 17, 289
-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 SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section I
-Subsection 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 45
-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.

+ Details

- Definition

The component of total income tax expense for the period comprised of the increase (decrease) in the entity's state and local deferred tax assets and liabilities attributable to continuing operations as determined by applying the provisions of the applicable enacted tax laws.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Deferred Tax Expense (or Benefit)
-URI http://asc.fasb.org/extlink&oid=6510177

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.7)
-URI http://asc.fasb.org/extlink&oid=6889476&loc=d3e330036-122817

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 45
-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 FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 8, 16, 17, 289
-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 Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section I
-Subsection 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

+ Details

Note 12 - Income Taxes (Detail) - A reconciliation of the statutory federal income tax rate and the effective income tax rate	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Statutory federal income tax rate	35.00%	35.00%	(34.00%)
Dividends received deduction		(1.80%)	(71.60%)
Change in income tax valuation allowance	(155.60%)	(29.20%)	134.20%
Change in income tax reserves	(3.30%)	(0.10%)	(13.20%)
State income tax, net of federal benefit	1.50%	3.40%	(20.10%)
Other	0.10%		(4.60%)
Effective income tax rate	(122.30%)	7.30%	(9.30%)

Note 12 - Income Taxes (Detail) - The income tax effects of temporary differences and carryforwards - USD ($) $ in Thousands	Nov. 24, 2012	Nov. 26, 2011
Deferred income tax assets:
Trade accounts receivable	$ 688	$ 804
Inventories	1,946	2,036
Property and equipment	1,688	3,749
Notes receivable	1,592	1,592
Retirement benefits	5,547	5,162
Federal net operating loss and credit carryforwards		134
State net operating loss carryforwards	2,309	2,376
Unrealized holding loss	1,069	912
Lease termination accruals	1,005	1,676
Other	2,580	2,707
Gross deferred income tax assets	18,424	21,148
Valuation allowance	(908)	(19,612)
Total deferred income tax assets	17,516	1,536
Deferred income tax liabilities:
Unrealized gains from affiliates, net	78	125
Prepaid expenses and other	121	169
Unrealized holding gains, net		81
Total deferred income tax liabilities	199	375
Net deferred income tax assets	$ 17,317	$ 1,161

Note 12 - Income Taxes (Detail) - Summary of the valuation allowances against deferred tax assets - Valuation Allowance of Deferred Tax Assets [Member] - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Balance	$ 19,612	$ 36,806	$ 33,003
Additions charged to expense			2,962
Deductions reducing expense	(18,704)	(17,464)
Additions (deductions) recorded as a component of other comprehensive (income) loss		270	841
Balance	$ 908	$ 19,612	$ 36,806

Note 12 - Income Taxes (Detail) - Activity related to our gross unrecognized tax benefits - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011
Balance, beginning of the year	$ 1,502	$ 1,565
Balance, end of the year	1,228	1,502
Gross increases	10	183
Gross decreases, primarily due to the expiration of statutes	$ (284)	$ (246)

Note 13 - Real Estate Notes Payable and Bank Credit Facility (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010	Sep. 20, 2012	Dec. 09, 2011
Financed Through Commercial Mortgages [Member]
Real Estate Investment Property, Net	$ 6,397	$ 6,558
Debt Instrument, Interest Rate, Stated Percentage	6.73%
Real Estate Investment Property, Net	$ 12,736	16,257
Secured Debt, Current	241	202
Secured Long-term Debt, Noncurrent	3,053	3,662
Gains (Losses) on Extinguishment of Debt		1,305
Loans Payable, Fair Value Disclosure	3,668	3,804
Line of Credit Facility, Maximum Borrowing Capacity				$ 15,000	$ 3,000
Outstanding Letters of Credit	1,966	2,318
Line of Credit Facility, Remaining Borrowing Capacity	1,034	682
Interest Paid	$ 294	$ 895	$ 1,830

Note 13 - Real Estate Notes Payable and Bank Credit Facility (Detail) - Real estate notes payable and bank debt - USD ($) $ in Thousands	Nov. 24, 2012	Nov. 26, 2011
Real estate notes payable	$ 3,294	$ 3,864
Less:
Current portion of real estate notes payable	(241)	(202)
	$ 3,053	$ 3,662

Note 13 - Real Estate Notes Payable and Bank Credit Facility (Detail) - Maturities of real estate notes payable $ in Thousands	Nov. 24, 2012 USD ($)
Fiscal 2013	$ 241
Fiscal 2014	258
Fiscal 2015	276
Fiscal 2016	295
Fiscal 2017	315
Thereafter	1,909
	$ 3,294

Note 14 - Post-Employment Benefit Obligations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Payment over 120 Months [Member]
Death Benefit Percent of Final Average Annual Compensation	50.00%
A Single Payment [Member]
Death Benefit Percent of Final Average Annual Compensation	200.00%
Unfunded Deferred Compensation Plan [Member]
Postemployment Benefits Liability, Noncurrent	$ 2,615	$ 2,766
Percent of Final Average Compensation Provided by Supplemental Retirement Income Plan	65.00%
Death Benefit Payment Term	120 months
Current Net Death Benefit	$ 4,244
Pension Expense	312	332	$ 376
Postemployment Benefits Liability, Noncurrent	$ 11,577	$ 11,226
Deferred Compensation Arrangement with Individual Employer Contribution Percentage	10.00%
Deferred Compensation Arrangement with Individual Employer Contribution Percentage of Eligible Salary	8.00%
Defined Contribution Plan, Cost Recognized	$ 175

Note 14 - Post-Employment Benefit Obligations (Detail) - Summarized information for the plan - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Beginning of Year [Member]
Change in Benefit Obligation:
Projected benefit obligation at beginning of year	$ 9,326	$ 8,866
Projected benefit obligation at end of year		9,326	$ 8,866
Service cost	54	47
Interest cost	376	420
Actuarial losses	709	662
Benefits paid	(660)	(669)
End of Year [Member]
Change in Benefit Obligation:
Projected benefit obligation at beginning of year	9,326
Projected benefit obligation at end of year	9,805	9,326
Service cost	54	47	44
Interest cost	376	420	$ 422
Accumulated Benefit Obligation	9,342	9,102
Amounts recognized in the consolidated balance sheet:
Current liabilities	843	866
Noncurrent liabilities	8,962	8,460
	9,805	9,326
Amounts recognized in accumulated other comprehensive income:
Transition obligation	255	297
Actuarial loss	1,732	1,034
Net amount recognized	1,987	1,331
Total recognized in net periodic benefit cost and accumulated other comprehensive income:	$ 1,139	$ 1,129

Note 14 - Post-Employment Benefit Obligations (Detail) - Components of net periodic pension cost - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Components of Net Periodic Pension Cost:
Service cost	$ 54	$ 47	$ 44
Interest cost	376	420	422
Amortization of transition obligation	42	42	42
Amortization of other loss	11
Net periodic pension cost	$ 483	$ 509	$ 508

- 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 14 - Post-Employment Benefit Obligations (Detail) - Assumptions used to determine net periodic pension cost	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Assumptions used to determine net periodic pension cost:
Discount rate	4.25%	5.00%	5.25%
Increase in future compensation levels	3.00%	3.00%	3.00%

Note 14 - Post-Employment Benefit Obligations (Detail) - Estimated Future Benefit Payments $ in Thousands	Nov. 24, 2012 USD ($)
Estimated Future Benefit Payments (with mortality):
Fiscal 2013	$ 843
Fiscal 2014	879
Fiscal 2015	807
Fiscal 2016	770
Fiscal 2017	732
Fiscal 2018 through 2022	$ 3,261

Note 15 - Capital Stock and Stock Compensation (Detail) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
	Apr. 14, 2010	Dec. 31, 2000	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010	Dec. 31, 2005	Dec. 31, 1997
Stock Options [Member]
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition			2 years
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		1 year
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Common Stock, Capital Shares Reserved for Future Issuance	500,000					100,000	950,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized	500,000	500,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				4 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant			500,000	10,087
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period				91,000	172,000
Share-Based Compensation Arrangement by Share-Based Payment Award Award Term				10 years
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Stock Options (in Dollars)			$ 422
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number			138,782
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Share-based Awards Other than Options (in Dollars)			$ 439
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent		85.00%
Stock Issued During Period, Shares, Employee Stock Purchase Plans			42,211	39,618	43,730

Note 15 - Capital Stock and Stock Compensation (Detail) - Compensation expense related to restricted stock and stock options included in selling, general and administrative expenses - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
	$ 636	$ 426	$ 376

Note 15 - Capital Stock and Stock Compensation (Detail) - Stock option valuation assumptions - $ / shares	12 Months Ended
	Nov. 26, 2011	Nov. 27, 2010
Minimum [Member]
Risk-free interest rate	2.19%
Dividend yield	0.00%
Maximum [Member]
Risk-free interest rate	2.49%
Dividend yield	1.50%
Weighted average fair value of options on grant date (in Dollars per share)	$ 4.19	$ 2.55
Expected life of options in years	6 years 3 months	6 years 3 months
Risk-free interest rate		2.50%
Expected volatility	60.00%	60.00%
Dividend yield		0.00%

Note 15 - Capital Stock and Stock Compensation (Detail) - Changes in the outstanding options	12 Months Ended
	Nov. 24, 2012 $ / shares shares
Number of shares \| shares	1,075,464
Weighted average exercise price per share (in Dollars per share) \| $ / shares	$ 13.95
Exercisable at November 24, 2012 \| shares	630,850
Exercisable at November 24, 2012 (in Dollars per share) \| $ / shares	$ 16.66
Exercised \| shares	(87,400)
Exercised (in Dollars per share) \| $ / shares	$ 6.59
Forfeited/Expired \| shares	(202,964)
Forfeited/Expired (in Dollars per share) \| $ / shares	$ 14.79
Number of shares \| shares	785,100
Weighted average exercise price per share (in Dollars per share) \| $ / shares	$ 14.55

Note 15 - Capital Stock and Stock Compensation (Detail) - Changes in the non-vested options	12 Months Ended
	Nov. 24, 2012 $ / shares shares
Number of shares \| shares	220,000
Weighted average grant date fair value per share (in Dollars per share) \| $ / shares	$ 5.90
Vested \| shares	(65,750)
Vested (in Dollars per share) \| $ / shares	$ 5.65
Number of shares \| shares	154,250
Weighted average grant date fair value per share (in Dollars per share) \| $ / shares	$ 6.00

Note 15 - Capital Stock and Stock Compensation (Detail) - Additional information regarding outstanding stock options $ / shares in Units, $ in Thousands	12 Months Ended
	Nov. 24, 2012 USD ($) $ / shares shares
Range of $3.23 - $6.45 [Member]
Exercise price range, lower range limit	$ 3.23
Exercise price range, upper range limit	$ 6.45
Shares, Options outstanding (in Shares) \| shares	102,350
Weighted average remaining contractual life , Options outstanding	7 years 219 days
Weighted average exercise price, Options outstanding	$ 4.38
Shares, Options exercisable (in Shares) \| shares	16,350
Weighted average exercise price, Options exercisable	$ 4.38
Range of $6.45 - $9.67 [Member]
Exercise price range, lower range limit	6.45
Exercise price range, upper range limit	$ 9.67
Shares, Options outstanding (in Shares) \| shares	72,250
Weighted average remaining contractual life , Options outstanding	8 years 219 days
Weighted average exercise price, Options outstanding	$ 8.02
Shares, Options exercisable (in Shares) \| shares	4,000
Weighted average exercise price, Options exercisable	$ 8.02
Range of $9.68 - $12.90 [Member]
Exercise price range, lower range limit	9.68
Exercise price range, upper range limit	$ 12.90
Shares, Options outstanding (in Shares) \| shares	138,000
Weighted average remaining contractual life , Options outstanding	4 years 292 days
Weighted average exercise price, Options outstanding	$ 10.60
Shares, Options exercisable (in Shares) \| shares	138,000
Weighted average exercise price, Options exercisable	$ 10.60
Range of $12.91 - $16.13 [Member]
Exercise price range, lower range limit	12.91
Exercise price range, upper range limit	$ 16.13
Shares, Options outstanding (in Shares) \| shares	67,500
Weighted average remaining contractual life , Options outstanding	3 years 328 days
Weighted average exercise price, Options outstanding	$ 14.89
Shares, Options exercisable (in Shares) \| shares	67,500
Weighted average exercise price, Options exercisable	$ 14.89
Range of $16.14 - $19.35 [Member]
Exercise price range, lower range limit	16.14
Exercise price range, upper range limit	$ 19.35
Shares, Options outstanding (in Shares) \| shares	150,000
Weighted average remaining contractual life , Options outstanding	3 years 219 days
Weighted average exercise price, Options outstanding	$ 16.96
Shares, Options exercisable (in Shares) \| shares	150,000
Weighted average exercise price, Options exercisable	$ 16.96
Range of $19.36 - $22.58 [Member]
Exercise price range, lower range limit	19.36
Exercise price range, upper range limit	$ 22.58
Shares, Options outstanding (in Shares) \| shares	255,000
Weighted average remaining contractual life , Options outstanding	1 year 109 days
Weighted average exercise price, Options outstanding	$ 21.12
Shares, Options exercisable (in Shares) \| shares	255,000
Weighted average exercise price, Options exercisable	$ 21.12
Shares, Options outstanding (in Shares) \| shares	785,100
Shares, Options exercisable (in Shares) \| shares	630,850
Aggregate intrinsic value (in Dollars) \| $	$ 1,025
Aggregate intrinsic value (in Dollars) \| $	$ 215

Note 15 - Capital Stock and Stock Compensation (Detail) - Additional information regarding activity in our stock options - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Total intrinsic value of options exercised	$ 530	$ 74
Total fair value of options vested	371	110	$ 242
Total cash received from the exercise of options	$ 536	$ 81

- Definition

The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (j)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3255-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Financing Activities
-URI http://asc.fasb.org/extlink&oid=6513228

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 19
-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 Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph A240
-Subparagraph i
-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 95
-Paragraph 18
-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 - Capital Stock and Stock Compensation (Detail) - Restricted stock awards - $ / shares	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
May 3, 2010 [Member]
Restricted shares granted			17,528
Share value at grant date per share (in Dollars per share)			$ 5.99
Restricted period (years)			1 year
July 14, 2010 [Member]
Restricted shares granted			43,000
Share value at grant date per share (in Dollars per share)			$ 4.38
Restricted period (years)			3 years
March 7, 2011 [Member]
Restricted shares granted		4,000
Share value at grant date per share (in Dollars per share)		$ 8.15
Restricted period (years)		3 years
May 2, 2011 [Member]
Restricted shares granted		11,760
Share value at grant date per share (in Dollars per share)		$ 8.93
Restricted period (years)		1 year
July 13, 2011 Grant A [Member]
Restricted shares granted		4,200
Share value at grant date per share (in Dollars per share)		$ 8.02
Restricted period (years)		1 year
July 13, 2011 Grant B [Member]
Restricted shares granted		75,000
Share value at grant date per share (in Dollars per share)		$ 8.02
Restricted period (years)		3 years
May 1, 2012 [Member]
Restricted shares granted	11,184
Share value at grant date per share (in Dollars per share)	$ 10.73
Restricted period (years)	1 year
July 13, 2012 [Member]
Restricted shares granted	1,398
Share value at grant date per share (in Dollars per share)	$ 11.69
Restricted period (years)	1 year

Note 16 - Restructuring, Asset Impairment, and Other Charges (Detail) $ in Thousands	3 Months Ended						12 Months Ended
	May 26, 2012 USD ($)	Feb. 25, 2012 USD ($)	Nov. 26, 2011 USD ($)	Aug. 27, 2011 USD ($)	May 28, 2011 USD ($)	Feb. 26, 2011 USD ($)	Nov. 24, 2012 USD ($)	Nov. 26, 2011 USD ($)
Bassett [Member] \| Demolition of Closed Facility [Member]
Restructuring, Settlement and Impairment Provisions							$ 203	$ 318
Bassett [Member] \| Write-down Of Closed Facility [Member]
Restructuring, Settlement and Impairment Provisions								428
Mt. Airy [Member] \| Write-down Of Closed Facility [Member]
Restructuring, Settlement and Impairment Provisions							385
Richmond [Member] \| Write-off of Leasehold Improvements [Member]
Restructuring, Settlement and Impairment Provisions							123
Manchester [Member] \| Write-off of Leasehold Improvements [Member]
Restructuring, Settlement and Impairment Provisions								190
Demolition of Closed Facility [Member]
Restructuring, Settlement and Impairment Provisions							588	1,312
Write-down Of Closed Facility [Member]
Restructuring, Settlement and Impairment Provisions								566
Write-off of Leasehold Improvements [Member]
Restructuring, Settlement and Impairment Provisions								966
Lease Exit [Member]
GainLossOnContractTermination							228	1,221
Previously Closed Retail Locations [Member]
GainLossOnContractTermination							131	1,007
Relocation of Manchester Store [Member]
Restructuring, Settlement and Impairment Provisions								32
Total Non-Cash Impairment Charges [Member]
Restructuring Costs and Asset Impairment Charges								2,150
Lease Exit Costs and Lease Modifications [Member]
GainLossOnContractTermination								3,728
Modification of Lease [Member]
GainLossOnContractTermination								1,500
Asset Impairment and Lease Termination [Member]
Restructuring, Settlement and Impairment Provisions								4,790
Write Down of Idle Retail Locations [Member]
Restructuring, Settlement and Impairment Provisions								2,106
Write off of Tenant Improvements [Member]
Restructuring, Settlement and Impairment Provisions								1,847
Closed Licensee Store Lease Termination Costs [Member]
Restructuring, Settlement and Impairment Provisions								661
Adjustments of Previous Estimates [Member]
Restructuring, Settlement and Impairment Provisions								176
Restructuring, Settlement and Impairment Provisions	$ 475	$ 236	$ 418	$ 123	$ 1,080	$ 879	711	2,500
GainLossOnContractTermination	$ 131	$ 228			2,844	$ 884	(359)	$ (3,728)
Number of Closed Retail Locations								6
Restructuring Costs and Asset Impairment Charges							$ 711	$ 2,500
Licensee Debt Cancellation Charges					$ 6,447			$ 6,447

Note 16 - Restructuring, Asset Impairment, and Other Charges (Detail) - Restructuring, asset impairment and other charges - USD ($) $ in Thousands	3 Months Ended						12 Months Ended
	May 26, 2012	Feb. 25, 2012	Nov. 26, 2011	Aug. 27, 2011	May 28, 2011	Feb. 26, 2011	Nov. 24, 2012	Nov. 26, 2011
Company-owned Retail Store Closures [Member]
Restructuring and asset impairment charges:
Restructuring and asset impairment charges							$ 123	$ 1,156
Demolition of Closed Facility [Member]
Restructuring and asset impairment charges:
Restructuring and asset impairment charges							588	1,312
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
Restructuring and asset impairment charges	$ 475	$ 236	$ 418	$ 123	$ 1,080	$ 879	711	2,500
Other								32
Lease exit costs and lease modification	$ 131	$ 228			2,844	$ 884	(359)	(3,728)
Changes in estimates related to previously closed Company-owned retail stores							131	1,007
Total lease exit costs							359	3,728
Licensee debt cancellation charges					$ 6,447			6,447
Total charges related to restructuring, asset impairment, lease exit costs and debt cancellation included in loss from operations							$ 1,070	$ 12,675

Note 16 - Restructuring, Asset Impairment, and Other Charges (Detail) - Total restructuring and asset impairment charges by segment - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011
Wholesale Segment [Member]
Total restructuring and asset impairment charges	$ 719	$ 8,653
Retail Segment [Member]
Total restructuring and asset impairment charges	351	4,022
Total restructuring and asset impairment charges	$ 1,070	$ 12,675

Note 16 - Restructuring, Asset Impairment, and Other Charges (Detail) - Activity related to our accrued lease exit costs - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011
Balance, beginning of the year	$ 4,357	$ 2,847
Provisions associated with corporate store and retail office closures	228	2,721
Provisions associated with licensee store closings		661
Provisions made to adjust previous estimates	111	1,560
Payments on unexpired leases	(2,232)	(2,048)
Payment to terminate lease commitment		(1,500)
Accretion of interest on obligations	150	116
Balance	2,614	4,357
Current portion included in other accrued liabilities	1,609	1,756
Long-term portion included in other long-term liabilities	$ 1,005	$ 2,601

Note 17 - Contingencies (Detail) $ in Thousands	1 Months Ended
Note 17 - Contingencies (Detail) $ in Thousands	Oct. 31, 2012 USD ($)
Loss Contingency, Damages Awarded, Value	$ 1,437

Note 18 - Leases, Lease Guarantees and Loan Guarantees (Detail) - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Lease Obligations of Licensee Operators [Member]
Loss Contingency, Estimate of Possible Loss	$ 2,007	$ 2,515
Minimum [Member]
Operating Lease Lease Term	1 year
Renewal Term on Operating Lease	5 years
Lease Guarantees Term	1 year
Maximum [Member]
Operating Lease Lease Term	15 years
Renewal Term on Operating Lease	15 years
Lease Guarantees Term	10 years
Operating Leases, Rent Expense	$ 17,123	16,406	$ 16,575
Real Estate Rental Income (Loss) Net of Expense	(468)	285	$ (429)
Loss Contingency, Estimate of Possible Loss	1,684	2,193
Guarantor Obligations, Current Carrying Value	$ 347	$ 508

Note 18 - Leases, Lease Guarantees and Loan Guarantees (Detail) - Future minimum lease payments under non-cancelable operating leases $ in Thousands	Nov. 24, 2012 USD ($)
Fiscal 2013	$ 18,358
Fiscal 2014	14,550
Fiscal 2015	11,983
Fiscal 2016	9,015
Fiscal 2017	6,393
Thereafter	12,501
	$ 72,800

Note 18 - Leases, Lease Guarantees and Loan Guarantees (Detail) - Minimum future rental income $ in Thousands	Nov. 24, 2012 USD ($)
Fiscal 2013	$ 3,364
Fiscal 2014	2,794
Fiscal 2015	2,141
Fiscal 2016	1,018
Fiscal 2017	636
Thereafter	347
	$ 10,300

Note 19 - Earnings Per Share (Detail) - shares	12 Months Ended
Note 19 - Earnings Per Share (Detail) - shares	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	622,500	924,464	1,009,514

- 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 19 - Earnings Per Share (Detail) - Reconciliation of basic and diluted loss per share - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Nov. 24, 2012

^[1]

Aug. 25, 2012

^[2]

May 26, 2012

^[3]

Feb. 25, 2012

^[4]

Nov. 26, 2011

^[5]

Aug. 27, 2011

^[6]

May 28, 2011

^[7]

Feb. 26, 2011

^[8]

Nov. 24, 2012

Nov. 26, 2011

Nov. 27, 2010

Numerator:

Net income (loss) (in Dollars)

$ 16,896

$ 2,371

$ 8,042

$ (596)

$ 633

$ 417

$ 62,546

$ (8,255)

$ 26,713

$ 55,342

$ (2,002)

Denominator:

Denominator for basic income (loss) per share - weighted average shares

10,992,017

11,437,291

11,459,257

Effect of dilutive securities

103,394

106,879

Denominator for diluted income (loss) per share — weighted average shares and assumed conversions

11,095,411

11,544,170

11,459,257

Basic income (loss) per share:

Net income (loss) per share — basic (in Dollars per share)

$ 1.57

$ 0.22

$ 0.72

$ (0.05)

$ 0.06

$ 0.04

$ 5.43

$ (0.72)

$ 2.43

$ 4.84

$ (0.17)

Diluted income (loss) per share:

Net income (loss) per share — diluted (in Dollars per share)

$ 1.55

$ 0.21

$ 0.71

$ (0.05)

$ 0.06

$ 0.04

$ 5.39

$ (0.72)

$ 2.41

$ 4.79

$ (0.17)

[1]	Includes $15,907 of tax benefit from release of deferred tax asset valuation reserves - see Note 12 for further information.
[2]	Includes $1,205 of tax benefit from partial release of deferred tax asset valuation reserves - see Note 12 for further information.
[3]	Includes $9,010 of income from the final CDSOA distribution - see Note 9 for further details. Also includes restructuring and asset impairment charges of $475 and lease exit costs of $131 - see Note 16 for further details. Also includes $1,592 of tax benefit from partial release of deferred tax asset valuation reserves - see Note 12 for further information.
[4]	Includes restructuring and asset impairment charges of $236 and lease exit costs of $228 - see Note 16 for further details. Also includes $806 charge for other than temporary impairment to our investment in Fortress - see Note 8 for further details.
[5]	Includes $765 of income associated with the Continued Dumping & Subsidy Offset Act. See Note 9 for further details. Also includes $418 of asset impairment and restructuring charges - see Note 16 for further details.
[6]	Includes restructuring and asset impairment charges of $123 - see Note 16 for further details.
[7]	Includes $85,542 gain on sale of affiliate - see Note 11 for further details regarding the sale of our investment in IHFC. Also includes licensee debt cancellation charges of $6,447, restructuring and asset impairment charges of $1,080, and lease exit costs of $2,844 - see Note 16 for further details.
[8]	Includes restructuring and asset impairment charges of $879 and lease exit costs of $884 - see Note 16 for further details.

Note 20 - Segment Information (Detail)	12 Months Ended
Note 20 - Segment Information (Detail)	Nov. 24, 2012
Number of Reportable Segments	3

Note 20 - Segment Information (Detail) - Segment information for each of the last three fiscal years - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Nov. 24, 2012

Aug. 25, 2012

^[2]

May 26, 2012

Feb. 25, 2012

Nov. 26, 2011

Aug. 27, 2011

May 28, 2011

Feb. 26, 2011

Nov. 24, 2012

Nov. 26, 2011

Nov. 27, 2010

Wholesale Segment [Member]

Net Sales

Net sales

$ 185,187

$ 177,372

$ 176,255

Income (loss) from Operations

Income (loss) from operations

7,500

(4,394)

2,431

Restructuring and asset impairment charges

Restructuring and asset impairment charges

(588)

(1,311)

Depreciation and Amortization

Depreciation and amortization

1,171

1,246

1,670

Capital Expenditures

Capital expenditures

3,092

690

515

Identifiable Assets

Identifiable assets

$ 145,861

$ 142,361

145,861

142,361

95,957

Retail Segment [Member]

Net Sales

Net sales

171,633

147,961

122,241

Income (loss) from Operations

Income (loss) from operations

(2,067)

(4,495)

(7,387)

Restructuring and asset impairment charges

Restructuring and asset impairment charges

(123)

(1,189)

Depreciation and Amortization

Depreciation and amortization

3,760

3,421

3,095

Capital Expenditures

Capital expenditures

5,898

3,478

1,498

Identifiable Assets

Identifiable assets

68,583

60,811

68,583

60,811

58,736

Intersegment Elimination [Member]

Net Sales

Net sales

(87,148)

(72,125)

(63,242)

Income (loss) from Operations

Income (loss) from operations

717

942

269

Investments or Real Estate [Member]

Depreciation and Amortization

Depreciation and amortization

542

847

1,201

Capital Expenditures

Capital expenditures

Identifiable Assets

Identifiable assets

12,736

20,002

12,736

20,002

42,624

Net sales

76,812

^[1]

$ 64,438

$ 67,454

^[3]

$ 60,968

^[4]

63,266

^[5]

$ 59,417

^[6]

$ 66,261

^[7]

$ 64,264

^[8]

269,672

253,208

235,254

Income (loss) from operations

5,080

(20,622)

(4,687)

Restructuring and asset impairment charges

(475)

(236)

(418)

$ (123)

(1,080)

(879)

(711)

(2,500)

Licensee debt cancellation charges

(6,447)

Lease exit costs

$ 131

$ 228

$ 2,844

$ 884

(359)

(3,728)

Depreciation and amortization

5,473

5,514

5,966

Capital expenditures

9,000

4,168

2,013

Identifiable assets

$ 227,180

$ 223,174

$ 227,180

$ 223,174

$ 197,317

[1]	Includes $15,907 of tax benefit from release of deferred tax asset valuation reserves - see Note 12 for further information.
[2]	Includes $1,205 of tax benefit from partial release of deferred tax asset valuation reserves - see Note 12 for further information.
[3]	Includes $9,010 of income from the final CDSOA distribution - see Note 9 for further details. Also includes restructuring and asset impairment charges of $475 and lease exit costs of $131 - see Note 16 for further details. Also includes $1,592 of tax benefit from partial release of deferred tax asset valuation reserves - see Note 12 for further information.
[4]	Includes restructuring and asset impairment charges of $236 and lease exit costs of $228 - see Note 16 for further details. Also includes $806 charge for other than temporary impairment to our investment in Fortress - see Note 8 for further details.
[5]	Includes $765 of income associated with the Continued Dumping & Subsidy Offset Act. See Note 9 for further details. Also includes $418 of asset impairment and restructuring charges - see Note 16 for further details.
[6]	Includes restructuring and asset impairment charges of $123 - see Note 16 for further details.
[7]	Includes $85,542 gain on sale of affiliate - see Note 11 for further details regarding the sale of our investment in IHFC. Also includes licensee debt cancellation charges of $6,447, restructuring and asset impairment charges of $1,080, and lease exit costs of $2,844 - see Note 16 for further details.
[8]	Includes restructuring and asset impairment charges of $879 and lease exit costs of $884 - see Note 16 for further details.

Note 20 - Segment Information (Detail) - A breakdown of wholesale sales by product category	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Wood [Member]
Percent of wholesale sales	43.00%	44.00%	44.00%
Upholstery [Member]
Percent of wholesale sales	57.00%	56.00%	56.00%
Percent of wholesale sales	100.00%	100.00%	100.00%

Note 21 - Quarterly Results of Operations (unaudited) (Detail) - USD ($) $ in Thousands	3 Months Ended								4 Months Ended	12 Months Ended
	Nov. 24, 2012	Aug. 25, 2012	May 26, 2012	Feb. 25, 2012	Nov. 26, 2011	Aug. 27, 2011	May 28, 2011	Feb. 26, 2011	May 02, 2011	Nov. 24, 2012	Nov. 26, 2011	Nov. 27, 2010
Restructuring, Settlement and Impairment Provisions			$ 475	$ 236	$ 418	$ 123	$ 1,080	$ 879		$ 711	$ 2,500
GainLossOnContractTermination			131	228			2,844	$ 884		(359)	(3,728)
Other than Temporary Impairment Losses, Investments				$ 806
Income from Continued Dumping and Subsidy Offset Act			9,010		$ 765					9,010	765	$ 488
Income Tax Expense (Benefit)	$ 15,907	$ 1,205	$ 1,592							$ (14,699)	4,409	$ (206)
Equity Method Investment, Realized Gain (Loss) on Disposal							85,542		$ 85,542		85,542
Licensee Debt Cancellation Charges							$ 6,447				$ 6,447

- Definition

The amount by which the fair value of an investment is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income.

+ References

Reference 1: 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 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 35
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=16383099&loc=d3e25351-111560

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 15C
-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 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 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 16B
-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 115
-Paragraph 16
-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 FASB Staff Position (FSP)
-Number FAS115-2/124-2
-Paragraph 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.

+ Details

Note 21 - Quarterly Results of Operations (unaudited) (Detail) - Quarterly Results of Operations (unaudited) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Nov. 24, 2012

^[1]

Aug. 25, 2012

^[2]

May 26, 2012

^[3]

Feb. 25, 2012

^[4]

Nov. 26, 2011

^[5]

Aug. 27, 2011

^[6]

May 28, 2011

^[7]

Feb. 26, 2011

^[8]

Nov. 24, 2012

Nov. 26, 2011

Nov. 27, 2010

Net sales

$ 76,812

$ 64,438

$ 67,454

$ 60,968

$ 63,266

$ 59,417

$ 66,261

$ 64,264

$ 269,672

$ 253,208

$ 235,254

Gross profit

40,172

33,818

35,661

31,671

33,270

29,251

33,197

31,848

141,322

127,566

112,688

Net income (loss)

$ 16,896

$ 2,371

$ 8,042

$ (596)

$ 633

$ 417

$ 62,546

$ (8,255)

$ 26,713

$ 55,342

$ (2,002)

Basic earnings (loss) per share (in Dollars per share)

$ 1.57

$ 0.22

$ 0.72

$ (0.05)

$ 0.06

$ 0.04

$ 5.43

$ (0.72)

$ 2.43

$ 4.84

$ (0.17)

Diluted earnings (loss) per share (in Dollars per share)

$ 1.55

$ 0.21

$ 0.71

$ (0.05)

$ 0.06

$ 0.04

$ 5.39

$ (0.72)

$ 2.41

$ 4.79

$ (0.17)

[1]	Includes $15,907 of tax benefit from release of deferred tax asset valuation reserves - see Note 12 for further information.
[2]	Includes $1,205 of tax benefit from partial release of deferred tax asset valuation reserves - see Note 12 for further information.
[3]	Includes $9,010 of income from the final CDSOA distribution - see Note 9 for further details. Also includes restructuring and asset impairment charges of $475 and lease exit costs of $131 - see Note 16 for further details. Also includes $1,592 of tax benefit from partial release of deferred tax asset valuation reserves - see Note 12 for further information.
[4]	Includes restructuring and asset impairment charges of $236 and lease exit costs of $228 - see Note 16 for further details. Also includes $806 charge for other than temporary impairment to our investment in Fortress - see Note 8 for further details.
[5]	Includes $765 of income associated with the Continued Dumping & Subsidy Offset Act. See Note 9 for further details. Also includes $418 of asset impairment and restructuring charges - see Note 16 for further details.
[6]	Includes restructuring and asset impairment charges of $123 - see Note 16 for further details.
[7]	Includes $85,542 gain on sale of affiliate - see Note 11 for further details regarding the sale of our investment in IHFC. Also includes licensee debt cancellation charges of $6,447, restructuring and asset impairment charges of $1,080, and lease exit costs of $2,844 - see Note 16 for further details.
[8]	Includes restructuring and asset impairment charges of $879 and lease exit costs of $884 - see Note 16 for further 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

Schedule II - Analysis of Valuation and Qualifying Accounts (Detail) - Analysis of Valuation and Qualifying Accounts - USD ($)
$ in Thousands

12 Months Ended

Nov. 24, 2012

Nov. 26, 2011

Nov. 27, 2010

Beginning of Year [Member] | Allowance for Doubtful Accounts [Member]

Reserve deducted from assets to which it applies

Balance

$ 7,366

$ 10,757

Reserve deducted from assets to which it applies

Balance

2,092

$ 7,366

Beginning of Year [Member] | Allowance for Notes Receivable [Member]

Reserve deducted from assets to which it applies

Balance

6,748

8,950

Reserve deducted from assets to which it applies

Balance

4,140

6,748

8,950

Beginning of Year [Member] | Lease and Loan Guarantees [Member]

Reserve deducted from assets to which it applies

Balance

2,304

3,366

Reserve deducted from assets to which it applies

Balance

508

2,304

3,366

Beginning of Year [Member] | Restructuring Reserve [Member]

Reserve deducted from assets to which it applies

Balance

535

Reserve deducted from assets to which it applies

Balance

535

Beginning of Year [Member] | Lease Exit [Member]

Reserve deducted from assets to which it applies

Balance

2,847

3,499

Reserve deducted from assets to which it applies

Balance

4,357

2,847

3,499

Beginning of Year [Member] | Income Tax Valuation Allowance [Member]

Reserve deducted from assets to which it applies

Balance

36,806

33,003

Reserve deducted from assets to which it applies

Balance

19,612

36,806

33,003

End of Year [Member] | Allowance for Doubtful Accounts [Member]

Reserve deducted from assets to which it applies

Balance

2,092

7,366

Reserve deducted from assets to which it applies

Balance

1,789

2,092

End of Year [Member] | Allowance for Notes Receivable [Member]

Reserve deducted from assets to which it applies

Balance

4,140

6,748

Reserve deducted from assets to which it applies

Balance

4,139

4,140

6,748

End of Year [Member] | Lease and Loan Guarantees [Member]

Reserve deducted from assets to which it applies

Balance

508

2,304

Reserve deducted from assets to which it applies

Balance

347

508

2,304

End of Year [Member] | Lease Exit [Member]

Reserve deducted from assets to which it applies

Balance

4,357

2,847

Reserve deducted from assets to which it applies

Balance

2,614

4,357

2,847

End of Year [Member] | Income Tax Valuation Allowance [Member]

Reserve deducted from assets to which it applies

Balance

19,612

36,806

Reserve deducted from assets to which it applies

Balance

908

19,612

36,806

Allowance for Doubtful Accounts [Member]

Reserve deducted from assets to which it applies

Additions charged to cost and expenses

377

8,778

4,671

Deductions

^[1]

(680)

(14,052)

(8,062)

Allowance for Notes Receivable [Member]

Reserve deducted from assets to which it applies

Additions charged to cost and expenses

(1)

4,684

1,825

Deductions

^[1]

(7,292)

(4,027)

Lease and Loan Guarantees [Member]

Reserve deducted from assets to which it applies

Additions charged to cost and expenses

(41)

1,282

1,407

Deductions

^[1]

(120)

(3,078)

(2,469)

Restructuring Reserve [Member]

Reserve deducted from assets to which it applies

Deductions

^[1]

(535)

Lease Exit [Member]

Reserve deducted from assets to which it applies

Additions charged to cost and expenses

489

5,058

836

Deductions

^[1]

(2,232)

(3,548)

(1,488)

Income Tax Valuation Allowance [Member]

Reserve deducted from assets to which it applies

Additions charged to cost and expenses

2,962

Deductions

^[1]

(18,704)

(17,464)

Other

^[2]

$ 270

^[3]

$ 841

^[3]

[1]	Deductions are for the purpose for which the reserve was created. Deductions from the income tax valuation allowance for the year ended November 26, 2011 represent the reduction in income tax expense resulting from the utilization of net operating loss carryforwards realized against the taxable gain on the sale of IHFC.
[2]	Deduction for 2012 due to the reduction of the majority of our valuation allowance, resulting in a net tax benefit for the year.
[3]	Represents the change in reserve recorded as part of accumulated other comprehensive income (loss).

Label	Element	Value
Retail Segment [Member]
Goodwill [Standard Label]	us-gaap_Goodwill	$ 159,000
Wholesale Segment [Member]
Goodwill [Standard Label]	us-gaap_Goodwill	$ 276,000

- Definition

+ References

+ Details