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Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Nov. 30, 2013	Jan. 10, 2014	Jun. 01, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	BASSETT FURNITURE INDUSTRIES INC
Document Type	10-K
Current Fiscal Year End Date	--11-30
Entity Common Stock, Shares Outstanding		10,865,066
Entity Public Float			$ 149,364,993
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. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	FY

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2013	Nov. 24, 2012
Current assets
Cash and cash equivalents	$ 12,733	$ 45,566
Short-term investments	28,125
Accounts receivable, net of allowance for doubtful accounts of $1,607 and $1,789 as of November 30, 2013 and November 24, 2012, respectively	16,080	15,755
Inventories	53,069	57,916
Deferred income taxes, net	4,418	6,832
Other current assets	11,949	6,439
Total current assets	126,374	132,508
Property and equipment, net	64,271	56,624
Other long-term assets
Retail real estate	10,435	12,736
Deferred income taxes, net	10,734	10,485
Other	14,035	14,827
Total other long-term assets	35,204	38,048
Total assets	225,849	227,180
Current liabilities
Accounts payable	19,892	22,405
Accrued compensation and benefits	6,503	6,926
Customer deposits	16,214	12,253
Dividends payable	2,172	542
Other accrued liabilities	6,660	10,454
Total current liabilities	51,441	52,580
Long-term liabilities
Post employment benefit obligations	11,146	11,577
Real estate notes payable	2,467	3,053
Other long-term liabilities	3,386	2,690
Total long-term liabilities	16,999	17,320
Commitments and Contingencies
Stockholders’ equity
Common stock, $5 par value; 50,000,000 shares authorized; issued and outstanding 10,859,318 at November 30, 2013 and 10,836,840 at November 24, 2012	54,297	54,184
Retained earnings	104,526	104,319
Accumulated other comprehensive loss	(1,414)	(1,223)
Total stockholders' equity	157,409	157,280
Total liabilities and stockholders’ equity	$ 225,849	$ 227,180

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Nov. 30, 2013	Nov. 24, 2012
Accounts receivable allowance for doubtful accounts (in Dollars)	$ 1,607	$ 1,789
Common stock, par value (in Dollars per share)	$ 5	$ 5
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	10,859,318	10,836,840
Common stock, shares outstanding	10,859,318	10,836,840

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Net sales	$ 321,286	$ 269,672	$ 253,208
Cost of sales	155,292	128,350	125,642
Gross profit	165,994	141,322	127,566
Selling, general and administrative expenses excluding bad debt and notes receivable valuation charges and new store pre-opening costs	154,957	134,425	121,933
Bad debt and notes receivable valuation charges	361	376	13,490
New store pre-opening costs	671	371	90
Licensee debt cancellation charges			6,447
Restructuring and impairment charges		711	2,500
Lease exit costs		359	3,728
Income (loss) from operations	10,005	5,080	(20,622)
Gain on sale of affiliate			85,542
Income from Continued Dumping & Subsidy Offset Act		9,010	765
Other than temporary impairment of investments		(806)
Income from unconsolidated affiliated companies, net	770	347	1,840
Interest expense	(255)	(295)	(912)
Retail real estate impairment charges	(416)		(3,953)
Other loss, net	(1,917)	(1,322)	(2,909)
Income before income taxes	8,187	12,014	59,751
Income tax benefit (provision)	(3,091)	14,699	(4,409)
Net income	$ 5,096	$ 26,713	$ 55,342
Net income per share
Basic income per share (in Dollars per share)	$ 0.48	$ 2.43	$ 4.84
Diluted income per share (in Dollars per share)	$ 0.47	$ 2.41	$ 4.79

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Net income	$ 5,096	$ 26,713	$ 55,342
Other comprehensive loss:
Actuarial adjustment to supplemental executive retirement defined benefit plan (SERP)	(310)	(656)	(619)
Income taxes related to SERP	119	277	486
Net change in unrealized holding gains		(211)	(73)
Income taxes related to unrealized holding gains		(25)	25
Other comprehensive loss, net of tax	(191)	(615)	(181)
Total comprehensive income	$ 4,905	$ 26,098	$ 55,161

- Definition

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

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+ Details

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Operating activities:
Net income	$ 5,096	$ 26,713	$ 55,342
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	6,198	5,473	5,514
Equity in undistributed income of investments and unconsolidated affiliated companies	(770)	(347)	(1,840)
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	40	(41)	1,283
Provision for losses on accounts and notes receivable	361	376	13,490
Other than temporary impairment of investments		806
Gain on mortgage settlement			(1,305)
Gain on sale of affiliate			(85,542)
Impairment and lease exit charges on retail real estate	416		4,790
Deferred income taxes	2,282	(15,822)	236
Other, net	276	642	214
Changes in operating assets and liabilities
Accounts receivable	(686)	(2,967)	1,034
Inventories	4,847	(11,307)	299
Other current and long-term assets	(4,819)	(276)	2,300
Accounts payable and accrued liabilities	(2,601)	3,636	(12,421)
Net cash provided by (used in) operating activities	10,640	7,956	(5,431)
Investing activities:
Purchases of property and equipment	(14,302)	(9,000)	(4,168)
Proceeds from sales of property and equipment	958	19	211
Acquisition of retail licensee stores		(549)
Proceeds from sale of affiliate	2,348	1,410	69,152
Release of collateral restrictions on cash equivalents			11,240
Proceeds from sales of investments		4,854	3,297
Purchases of investments	(28,125)	(1,781)	(3,132)
Dividends from affiliates			3,756
Equity contribution to affiliate			(980)
Cash received on notes receivable	89	1,240	127
Net cash provided by (used in) investing activities	(39,032)	(3,807)	79,503
Financing activities:
Repayments of real estate notes payable	(549)	(570)	(8,647)
Repayments of other notes			(3,406)
Issuance of common stock	706	858	172
Repurchases of common stock	(1,750)	(7,015)	(2,964)
Taxes paid related to net share settlement of equity awards	(226)	(16)	(2)
Excess tax benefits from stock-based compensation	313
Cash dividends	(2,935)	(21,441)	(695)
Net cash used in financing activities	(4,441)	(28,184)	(15,542)
Change in cash and cash equivalents	(32,833)	(24,035)	58,530
Cash and cash equivalents - beginning of year	45,566	69,601	11,071
Cash and cash equivalents - end of year	$ 12,733	$ 45,566	$ 69,601

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. 27, 2010	$ 57,795	$ 478	$ 48,459	$ (427)	$ 106,305
Balance (in Shares) at Nov. 27, 2010	11,558,974
Comprehensive income
Net income			55,342		55,342
Actuarial adjustment to SERP, net of tax				(133)	(133)
Net change in unrealized holding gains, net of tax				(48)	(48)
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
Comprehensive income
Net income			26,713		26,713
Actuarial adjustment to SERP, net of tax				(379)	(379)
Net change in unrealized holding gains, net of tax				(236)	(236)
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
Comprehensive income
Net income			5,096		$ 5,096
Actuarial adjustment to SERP, net of tax				(191)	(191)
Regular dividends			(2,393)		(2,393)
Special dividend			(2,172)		(2,172)
Issuance of common stock	$ 801	(104)			697
Issuance of common stock (in Shares)	160,128
Purchase and retirement of common stock	$ (688)	(937)	(324)		(1,949)
Purchase and retirement of common stock (in Shares)	(137,650)
Stock-based compensation		728			728
Excess tax benefits from stock-based compensation		$ 313			313
Balance at Nov. 30, 2013	$ 54,297		$ 104,526	$ (1,414)	$ 157,409
Balance (in Shares) at Nov. 30, 2013	10,859,318				10,859,318

Consolidated Statements of Stockholders’ Equity (Parentheticals) - $ / shares	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Regular dividends per share	$ 0.22	$ 0.20	$ 0.10
Special dividend per share	$ 0.20	$ 1.25	$ 0.50

Note 1 - Description of Business

12 Months Ended

Nov. 30, 2013

Disclosure Text Block [Abstract]

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 89 retail stores known as Bassett Home Furnishings (referred to as “BHF”). Of the 89 stores, the Company owns and operates 55 stores (“Company-owned retail stores”) with the other 34 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 46% 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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+ Details

Note 2 - Significant Accounting Policies

12 Months Ended

Nov. 30, 2013

Accounting Policies [Abstract]

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 2013 contained 53 weeks, whereas fiscal 2012 and 2011 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 2013, 2012 and 2011 are to Bassett's fiscal year ended November 30, 2013, November 24, 2012 and November 26, 2011, 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 2012 and 2011 financial statements have been reclassified to conform to the 2013 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 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 17 for disclosure of leases and lease 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, calculation of inventory reserves, valuation of income tax reserves, 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. For retail sales, we typically collect a significant portion of the purchase price as a customer deposit upon order, with the balance typically collected upon delivery. These deposits are carried on our balance sheet as a current liability until delivery is fulfilled. Estimates for returns and allowances 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 2013, there were no dealers for which these criteria were not met. During fiscal 2012 and 2011, there were two and four dealers, respectively, for which these criteria were not met and therefore revenue was being recognized on a cost recovery basis. As of November 30, 2013 and November 24, 2012 there were no dealers that remained on a cost recovery basis, and as of November 26, 2011 there were two dealers that remained on the cost recovery basis. As of November 30, 2013 and November 24, 2012 there was no deferred gross profit resulting from the cost recovery method carried on our balance sheet as a reduction of accounts receivable. For fiscal 2013 and 2012, no revenue or cost was deferred during the year under the cost recovery method. During fiscal 2011, revenue of $1,678 and cost of $1,175 was deferred prior to any subsequent recognition due to the transaction meeting the revenue recognition requirements.

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. Our short-term investments, which consist of certificates of deposit, are not considered cash equivalents since they have original maturities of greater than three months.

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 30, 2013 and November 24, 2012:

	2013		2012
Portion of trade accounts receivable owed by licensees		50%		52%
Portion of allowance for doubtful accounts attributable to licensees		64%		84%

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 30, 2013 and November 24, 2012, our aggregate exposure from receivables and guarantees related to customers consisted of the following:

	2013		2012
Accounts receivable, net of allowances (Note 4)	$	16,080	$	15,755
Notes receivable, net of allowances (Note 2)		632		636
Contingent obligations under lease and loan guarantees, less amounts recognized (Note 17)		3,523		1,684
Total credit risk exposure related to customers	$	20,235	$	18,075

At November 30, 2013 approximately 27% of the aggregate risk exposure, net of reserves, shown above was attributable to two licensees. At November 24, 2012, approximately 12% of the aggregate risk exposure, net of reserves, shown above was attributable to one licensee. In fiscal 2013, 2012 and 2011, 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 $4,603, $4,956, and $5,481 in fiscal 2013, 2012, and 2011, 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 17% and 18% of total inventory before reserves at November 30, 2013 and November 24, 2012, 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 30, 2013 and November 24, 2012, the cost of retail real estate included land totaling $3,502 and $4,602, respectively, and building and leasehold improvements of $11,635 and $12,680, respectively. As of November 30, 2013 and November 24, 2012, accumulated depreciation of retail real estate was $4,834 and $4,547, respectively. Depreciation expense was $484, $501, and $876 in fiscal 2013, 2012, and 2011, respectively. As of November 30, 2013, the cost and accumulated depreciation of our property in Henderson, Nevada has been removed from retail real estate and the net carrying value of $1,401 is classified as held for sale and included in other current assets in the accompanying balance sheet. The carrying value reflects the net selling price for which the property was under contract for sale as of November 30, 2013. The sale of the Henderson property was closed on December 26, 2013. Impairment charges related to retail real estate totaled $416 for 2013 and $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 Income. There were no retail real estate impairment charges in 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 Investments and Real Estate. 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. Based on our qualitative assessment as described above, we have concluded that our goodwill is not impaired as of November 30, 2013.

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.

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 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.

We recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. 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 11.

New Store Pre-Opening Costs

Income (loss) from operations for fiscal 2013, 2012 and 2011 includes new store pre-opening costs of $671, $371 and $90, respectively. Such costs consist of expenses incurred at the new store location during the period prior to its opening and include, among other things, facility occupancy costs such as rent and utilities and local store personnel costs related to pre-opening activities including training. New store pre-opening costs do not include costs which are capitalized in accordance with our property and equipment capitalization policies, such as leasehold improvements and store fixtures and equipment. Such capitalized costs associated with new stores are depreciated commencing with the opening of the store. There are no pre-opening costs associated with stores acquired from licensees, as such locations were already in operation at the time of their acquisition.

Shipping and Handling Costs

Costs incurred to deliver wholesale merchandise to customers are recorded in selling, general and administrative expense and totaled $15,685, $13,548, and $13,680 for fiscal 2013, 2012 and 2011, respectively. Costs incurred to deliver retail merchandise to customers are also recorded in selling, general and administrative expense and totaled $10,855, $9,957, and $7,452 for fiscal 2013, 2012 and 2011, 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 $14,750, $13,296, and $10,399 in fiscal 2013, 2012, and 2011, respectively.

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.

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. There were no such acquisitions during fiscal 2013, and the value of the non-cash portion of such transactions was $1,592 and $2,298 for 2012 and 2011, respectively.

Recent Accounting Pronouncements

In February 2013, the FASB issued Accounting Standards Update No. 2013-02 (ASU 2013-02), which updates the guidance in ASC Topic 220, Comprehensive Income. The objective of ASU 2013-02 is to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments in ASU 2013-02 seek to attain that objective by requiring an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is reclassified to a balance sheet account (for example, inventory) instead of directly to income or expense in the same reporting period. This guidance became effective for us prospectively beginning with our second quarter for fiscal 2013. The adoption of this guidance did not have a material impact upon our financial position or results of operations.

In July 2013, the FASB issued Accounting Standards Update No. 2013-11 (ASU 2013-11), which updated the guidance in ASC Topic 740, Income Taxes. The amendments in ASU 2013-11 generally provide guidance for the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. The guidance requires an unrecognized tax benefit to be presented as a decrease in a deferred tax asset where a net operating loss, a similar tax loss, or a tax credit carryforward exists and certain criteria are met. This guidance will become effective for us as of the beginning of our 2015 fiscal year and is consistent with our present practice.

Note 3 - Accumulated Other Comprehensive Loss

12 Months Ended

Nov. 30, 2013

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

3. Accumulated Other Comprehensive Loss

The activity in accumulated other comprehensive loss for the fiscal year ended November 30, 2013 is as follows:

	Net pension amortization and net actuarial loss

Balance at November 24, 2012	$	(1,223	)
Changes before reclassifications		(434	)
Amounts reclassified from accumulated other comprehensive loss		124
Tax effect		119
Balance at November 30, 2013	$	(1,414	)

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Topic 220
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Note 4 - Accounts Receivable

12 Months Ended

Nov. 30, 2013

Receivables [Abstract]

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

4. Accounts Receivable

Accounts receivable consists of the following:

	November 30, 2013			November 24, 2012
Gross accounts receivable	$	17,687		$	17,544
Allowance for doubtful accounts		(1,607	)		(1,789	)
Net accounts receivable	$	16,080		$	15,755

Activity in the allowance for doubtful accounts was as follows:

	2013			2012

Balance, beginning of the year	$	1,789		$	2,092
Additions charged to expense		361			376
Write-offs		(543	)		(679	)
Balance, end of the year	$	1,607		$	1,789

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 7.

- 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.

+ References + Details

Note 5 - Inventories

12 Months Ended

Nov. 30, 2013

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

5. Inventories

Inventories consist of the following:

	November 30, 2013			November 24, 2012
Wholesale finished goods	$	28,450		$	33,110
Work in process		277			273
Raw materials and supplies		8,029			8,586
Retail merchandise		25,167			23,938
Total inventories on first-in, first-out method		61,923			65,907
LIFO adjustment		(7,561	)		(6,902	)
Reserve for excess and obsolete inventory		(1,293	)		(1,089	)
	$	53,069		$	57,916

We source a significant amount of our wholesale product from other countries. During 2013, 2012 and 2011, purchases from our two largest vendors located in China and Vietnam were $24,217, $23,416 and $24,996 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 style obsolescence. Typically, product is not shipped to our retail warehouses until a consumer has ordered and paid a deposit for the product. We do not typically hold retail inventory for stock purposes. Consequently, floor sample inventory and inventory for delivery to customers account for the majority of our inventory at retail. Retail reserves are based on accessory and clearance floor sample inventory in our stores and any inventory that is not associated with a specific customer order in our retail warehouses.

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

	Wholesale Segment			Retail Segment			Total
Balance at November 26, 2011	$	987		$	188		$	1,175
Additions charged to expense		1,334			443			1,777
Write-offs		(1,606	)		(257	)		(1,863	)
Balance at November 24, 2012		715			374			1,089
Additions charged to expense		2,309			383			2,692
Write-offs		(2,023	)		(465	)		(2,488	)
Balance at November 30, 2013	$	1,001		$	292		$	1,293

Note 6 - Property and Equipment

12 Months Ended

Nov. 30, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

6. Property and Equipment

Property and equipment consist of the following:

	November 30, 2013			November 24, 2012
Land	$	11,371		$	11,926
Buildings and leasehold improvements		75,965			71,207
Machinery and equipment		67,183			65,024
		154,519			148,157
Less accumulated depreciation		(90,248	)		(91,533	)
	$	64,271		$	56,624

Depreciation expense for property and equipment was $5,874, $5,127, and $4,837, in fiscal 2013, 2012, and 2011, 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 30, 2013 and November 24, 2012 was $51,748 and $45,982, respectively.

Note 7 - Financial Instruments, Investments and Fair Value Measurements

12 Months Ended

Nov. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

7. Financial Instruments, Investments and Fair Value Measurements

Financial Instruments

Our financial instruments include cash and cash equivalents, short-term investments in certificates of deposit, accounts receivable, cost and equity method investments, accounts payable and long-term debt. Because of their short maturities, the carrying amounts of cash and cash equivalents, short-term investments in certificates of deposit, 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

Our short-term investments at November 30, 2013 consist of certificates of deposit (CDs) with terms generally ranging from six to twelve months, bearing interest at rates ranging from 0.12% to 1.00% with a weighted average yield of approximately 0.224%. At November 30, 2013, the weighted average remaining time to maturity of the CDs was approximately five months. Each CD is placed with a Federally insured financial institution and all deposits are within Federal deposit insurance limits. Due to the nature of these investments and their relatively short maturities, the carrying amount of the short-term investments at November 30, 2013 approximates their fair value.

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 income 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 measured the fair value of our marketable securities in accordance with ASC Topic 820, Fair Value Measurements and Disclosures.

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. 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 and $163 for fiscal 2012 and 2011, 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 other, loss net in our consolidated statements of income.

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. 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 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 income.

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.

We believe that the carrying amounts of our current assets and current liabilities approximate fair value due to the short-term nature of these items. The recurring estimate of the fair value of our mortgages payable for disclosure purposes (see Note 12) involves Level 3 inputs. Our primary non-recurring fair value estimates, typically involving the valuation of business acquisitions (Note 9 to the Consolidated Financial Statements) and asset impairments (see Note 15) have utilized Level 3 inputs.

- 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 + Details

Note 8 - Income from the Continued Dumping and Subsidy Offset Act

12 Months Ended

Nov. 30, 2013

Income From Continued Dumping And Subsidy Offset Act [Abstract]

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

8. Income from the Continued Dumping and Subsidy Offset Act

During the year ended November 24, 2012, 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 was $765. 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”). 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 Court of Appeals held oral arguments on March 8, 2013 concerning the appeals, and on August 19, 2013 a three-judge panel ruled against the appellants in a two-to-one decision. The Non-Supporting Producers’ request for an en banc rehearing by the full Court of Appeals has been denied and now they may appeal to the United States Supreme Court. Should the Supreme Court agree to hear the appeal and then 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. However, we believe that the chance Customs will seek and be entitled to obtain a return is remote.

Note 9 - Licensee Acquisitions and Goodwill

12 Months Ended

Nov. 30, 2013

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

9. 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.

There were no acquisitions of licensee operations during fiscal 2013. During fiscal 2012, we acquired one store located in Knoxville, Tennessee and two stores in the Orange County, California market. In both cases our licensees desired to exit those markets but continue operating in other 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.

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:

	2013		2012			2011
Net assets acquired:
Inventory	$	-	$	1,480		$	3,618
Property and equipment/other		-		592			1,293
Goodwill		-		1,296			-
Customer deposits and other accrued expenses		-		(1,227	)		(2,613	)

Total net assets acquired	$	-	$	2,141		$	2,298

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

Total consideration	$	-	$	2,141		$	2,298

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 7.

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:

	2013		2012			2011
Net sales	$	-	$	1,646		$	11,264
Operating losses		-		(62	)		(874	)

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 2013 and 2012 is as follows:

	Wholesale		Retail		Total

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
Goodwill from store acquisitions		-		-		-
Impairment charge		-		-		-

Balance as of November 30, 2013	$	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).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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+ Details

Note 10 - Unconsolidated Affiliated Companies

12 Months Ended

Nov. 30, 2013

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]

10. Unconsolidated Affiliated Companies

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 $7,254 at November 30, 2013 and $6,484 at November 24, 2012 and is recorded in other long-term assets. We paid Zenith approximately $29,313, $25,317 and $23,665, for freight expense and logistical services in fiscal 2013, 2012, and 2011, respectively. At November 30, 2013 and November 24, 2012, we owed Zenith $2,580 and $2,547, respectively, for services rendered to us. We believe the transactions with Zenith are at current market rates. We recorded the following earnings in income from unconsolidated affiliated companies, net in our consolidated statements of income:

		2013				2012				2011
Earnings recognized		$	770			$	347			$	8

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 (1)		1,413
Indemnification escrow (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)	These funds were released to us during the first quarter of fiscal 2012.
(2)	$2,348 of this escrow was released to us during the first quarter of fiscal 2013. The remaining balance is included in other current assets in the accompanying consolidated balance sheet at November 30, 2013.
(3)	Included in other assets in the accompanying consolidated balance sheets at November 30, 2013 and November 24, 2012.

$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 the third quarter of fiscal 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. During fiscal 2011 we recorded income and received dividends from IHFC prior to divestiture of $1,832 and $3,756, respectively.

Summarized financial information for IHFC for 2011 is as follows:

			2011*
Revenues			19,955
Net income			3,470

*	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 for the period from November 1, 2010 through May 2, 2011 are included in our annual report on Form 10-K.

Note 11 - Income Taxes

12 Months Ended

Nov. 30, 2013

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

11. Income Taxes

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

	2013		2012			2011
Current:
Federal	$	759	$	1,611		$	3,947
State		50		(487	)		676

Deferred:
Increase (decrease) in valuation allowance		136		(18,704	)		(17,464	)
Federal		1,970		2,458			14,934
State		176		423			2,316
Total	$	3,091	$	(14,699	)	$	4,409

The income tax provision for fiscal 2011 includes a benefit of $6,341 resulting from the utilization of Federal net operating loss carryforwards. Excess tax benefits in the amount of $313 were recognized as additional paid-in capital during fiscal 2013 resulting from the exercise of stock options and the release of restricted shares.

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:

	2013			2012			2011
Statutory federal income tax rate		34.0	%		35.0	%		35.0	%
Dividends received deduction		-			-			(1.8	)
Change in income tax valuation allowance		1.7			(155.6	)		(29.2	)
Change in income tax reserves		0.1			(3.3	)		(0.1	)
State income tax, net of federal benefit		3.7			1.5			3.4
Other		(1.7	)		0.1			-
Effective income tax rate		37.8	%		(122.3	)%		7.3	%

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 30, 2013			November 24, 2012
Deferred income tax assets:
Trade accounts receivable	$	618		$	688
Inventories		2,277			1,946
Property and equipment		756			1,688
Notes receivable		1,592			1,592
Retirement benefits		5,626			5,547
State net operating loss carryforwards		2,482			2,309
Unrealized loss from affiliates		988			1,069
Lease termination accruals		349			1,005
Other		2,398			2,580
Gross deferred income tax assets		17,086			18,424
Valuation allowance		(1,044	)		(908	)
Total deferred income tax assets		16,042			17,516

Deferred income tax liabilities:
Unrealized gains from affiliates		755			78
Prepaid expenses and other		135			121

Total deferred income tax liabilities		890			199

Net deferred income tax assets	$	15,152		$	17,317

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 concluded that we could 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 that year. The remaining valuation allowance of $1,044 and $908 as of November 30, 2013 and November 24, 2012, respectively, 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:

	2013		2012			2011

Balance, beginning of the year	$	908	$	19,612		$	36,806
Additions charged to expense		136		-			-
Deductions reducing expense		-		(18,704	)		(17,464	)
Additions recorded as a component of other comprehensive (income) loss		-		-			270
Balance, end of the year	$	1,044	$	908		$	19,612

We have state net operating loss carryforwards available to offset future taxable state income of $29,211, which expire in varying amounts between 2014 and 2030. Realization is dependent on generating sufficient taxable income prior to expiration of the loss carryforwards.

Net income taxes paid during 2013, 2012 and 2011 were $2,723, $2,010, and $3,651, respectively.

As of November 30, 2013, the gross amount of unrecognized tax benefits was approximately $1,497 exclusive of interest and penalties. Of this balance, if we were to prevail on all unrecognized tax benefits recorded, approximately $239 would benefit the effective tax rate. 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. 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:

	2013			2012
Balance, beginning of the year	$	1,228		$	1,502
Gross increases		401			10
Gross decreases, primarily due to the expiration of statutes		(132	)		(284	)

Balance, end of the year	$	1,497		$	1,228

We recognize interest and penalties related to unrecognized tax benefits in income tax expense. During fiscal 2013, 2012, and 2011, we recognized $(23), $(63), and $67 of interest expense (expense recovery) and $31, $57, and $46 of penalty expense recovery, respectively, related to the unrecognized benefits noted above in our consolidated statements of income. At November 30, 2013 and November 30, 2012, the consolidated balance sheets include accrued interest of $140 and $164, and penalties of $10 and $40, 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 2010 through 2012 for all of our major tax jurisdictions.

The IRS released the final and re-proposed tangible property regulations in September of 2013. While the regulations are now final, they are effective for tax years beginning on or after January 1, 2014, which for the Company will be fiscal 2015.

Note 12 - Real Estate Notes Payable and Bank Credit Facility

12 Months Ended

Nov. 30, 2013

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

12. Real Estate Notes Payable and Bank Credit Facility

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

	November 30, 2013			November 24, 2012
Real estate notes payable	$	2,746		$	3,294
Current portion of real estate notes payable		(279	)		(241	)
	$	2,467		$	3,053

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 $6,262 and $6,397 at November 30, 2013 and November 24, 2012, respectively. The current portion of these mortgages, $279 and $241 as of November 30, 2013 and November 24, 2012, respectively, has been included in other accrued liabilities in the accompanying consolidated balance sheets. The long-term portion, $2,467 and $3,053 as of November 30, 2013 and November 24, 2012, 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 income.

The fair value of these mortgages was $2,684 and $3,309 at November 30, 2013 and November 24, 2012, 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 7.

Maturities of real estate notes payable are as follows:

Fiscal 2014	$	279
Fiscal 2015		299
Fiscal 2016		319
Fiscal 2017		341
Fiscal 2018		365
Thereafter		1,143
	$	2,746

Bank Credit Facility

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 credit facility is secured by our accounts receivable and inventory and contains certain covenants requiring us to maintain certain key financial ratios. We were in compliance with all covenants under the facility at November 30, 2013 and expect to remain in compliance for the foreseeable future.

At November 30, 2013 we had $1,366 outstanding under standby letters of credit, leaving availability under our credit line of $13,634.

Total interest paid, including bank and mortgage debt, during fiscal 2013, 2012 and 2011 was $244, $294 and $895, respectively.

Note 13 - Post-Employment Benefit Obligations

12 Months Ended

Nov. 30, 2013

Postemployment Benefits [Abstract]

Postemployment Benefits Disclosure [Text Block]

13. 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 on these executives with a current net death benefit of $3,316 at November 30, 2013 and we 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:

	2013			2012
Change in Benefit Obligation:
Projected benefit obligation at beginning of year	$	9,805			$	9,326
Service cost		71				54
Interest cost		350				376
Actuarial losses		434				709
Benefits paid		(885	)			(660	)
Projected benefit obligation at end of year	$	9,775			$	9,805

Accumulated Benefit Obligation	$	9,215			$	9,342


Amounts recognized in the consolidated balance sheet:
Current liabilities	$	810			$	843
Noncurrent liabilities		8,965				8,962
	$	9,775			$	9,805
Amounts recognized in accumulated other comprehensive income:
Transition obligation	$	212			$	255
Actuarial loss		2,085				1,732
Net amount recognized	$	2,297			$	1,987

Total recognized in net periodic benefit cost and accumulated other comprehensive income:	$	854			$	1,139

	2013		2012		2011

Components of Net Periodic Pension Cost:
Service cost	$	71	$	54	$	47
Interest cost		350		376		420
Amortization of transition obligation		42		42		42
Amortization of other loss		81		11		-

Net periodic pension cost	$	544	$	483	$	509

Assumptions used to determine net periodic pension cost:
Discount rate	3.75	%	4.25	%	5.00	%
Increase in future compensation levels	3.00	%	3.00	%	3.00	%

Estimated Future Benefit Payments (with mortality):
Fiscal 2014	$	810
Fiscal 2015		769
Fiscal 2016		727
Fiscal 2017		685
Fiscal 2018		645
Fiscal 2019 through 2023		3,233

Of the $2,297 recognized in accumulated other comprehensive income at November 30, 2013, $42 of net transition obligation and $123 of net loss are expected to be recognized as components of net periodic pension cost during fiscal 2014.

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 $288, $312, and $332 in fiscal 2013, 2012, and 2011, respectively, associated with the plan. Our liability under this plan was $2,555 and $2,615 as of November 30, 2013 and November 24, 2012, respectively. The non-current portion of this obligation is included in post employment benefit obligations in our consolidated balance sheets, with the current portion included in accrued compensation and benefits.

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 15% of up to 8% of gross pay, regardless of years of service. Expense for employer matching contributions was $340 and $175 during fiscal 2013 and 2012, respectively. During fiscal 2011, employer matching contributions remained suspended and no expense was incurred.

Note 14 - Capital Stock and Stock Compensation

12 Months Ended

Nov. 30, 2013

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

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

14. 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 income for fiscal 2013, 2012 and 2011 was as follows:

2013		2012		2011

$	728	$	636	$	426

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 30, 2013, however up to 500,000 shares associated with outstanding grants under the 1997 may become available for grant under the 2010 Plan (see below).

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, our Compensation Committee authorized the issuance of 91,000 stock options 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 the weighted average assumptions used for such grants (there were no grants made in 2013 or 2012):

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

Changes in the outstanding options under our plans during the year ended November 30, 2013 were as follows:

	Number of Shares			Weighted Average Exercise Price Per Share

Outstanding at November 24, 2012		785,100		$	14.55
Granted		-			-
Exercised		(46,000	)		7.10
Forfeited/Expired		(4,000	)		4.38
Outstanding at November 30, 2013		735,100			15.08
Exercisable at November 30, 2013		648,600		$	16.25

Changes in the non-vested options under our plans during the year ended November 30, 2013 were as follows:

	Number of Shares			Weighted Average Grant Date Fair Value Per Share

Non-vested options outstanding at November 24, 2012		154,250		$	6.00
Granted		-			-
Vested		(63,750	)		5.69
Forfeited/Expired		(4,000	)		4.38
Non-vested options outstanding at November 30, 2013		86,500			6.31

Unrecognized compensation cost related to these non-vested options at November 30, 2013 is $218, expected to be recognized over approximately a one and one-half year period.

Additional information regarding our outstanding stock options at November 30, 2013 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		76,350		6.6	$	4.38		35,350	$	4.38
$	6.45	-	$9.67		62,750		7.6		8.04		17,250		8.02
$	9.68	-	$12.90		123,500		3.9		10.60		123,500		10.60
$	12.91	-	$16.13		67,500		2.9		14.89		67,500		14.89
$	16.14	-	$19.35		150,000		2.6		16.96		150,000		16.96
$	19.36	-	$22.58		255,000		0.2		21.12		255,000		21.12
					735,100						648,600

Aggregate intrinsic value				$	2,053					$	1,235

Additional information regarding activity in our stock options during fiscal 2013, 2012 and 2011 is as follows:

	2013		2012		2011

Total intrinsic value of options exercised	$	387	$	530	$	74
Total fair value of options vested		363		371		110
Total cash received from the exercise of options		413		536		81
Excess tax benefits recognized as additional paid-in capital upon the exercise of options		106		-		-

Changes in the outstanding non-vested restricted shares during the year ended November 30, 2013 were as follows:

	Number of Shares			Weighted Average Grant Date Fair Value Per Share

Non-vested restricted shares outstanding at November 24, 2012		138,782		$	7.15
Granted		81,295			16.54
Vested and released		(52,184	)		5.74
Forfeited		(2,000	)		4.38
Non-vested restricted shares outstanding at November 30, 2013		165,893			12.23

During fiscal 2013, 52,184 restricted shares were vested and released, of which 41,000 shares had been granted to employees and 11,184 shares to directors. Of the shares released to employees, 11,550 shares were withheld by the Company to cover withholding taxes of $202. Excess tax benefits of $207 were recognized as additional paid-in capital upon the release of the vested shares. Activity related to the vesting and release of restricted shares prior to fiscal 2013 was not material.

Additional information regarding our outstanding non-vested restricted shares at November 30, 2013 is as follows:

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


March 7, 2011		4,000	$	8.15		0.3
July 13, 2011		79,200	$	8.02		0.6
July 13, 2012		1,398	$	11.69		1.6
April 1, 2013		11,295	$	15.94		0.3
July 17, 2013		70,000	$	16.64		4.6
		165,893

Unrecognized compensation cost related to these non-vested restricted shares at November 30, 2013 is $1,243, expected to be recognized over approximately a four 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 38,206, 42,211 and 39,618 shares to employees in fiscal 2013, 2012 and 2011, respectively, which resulted in an immaterial amount of compensation expense.

Note 15 - Restructuring, Asset Impairment, and Other Charges

12 Months Ended

Nov. 30, 2013

Disclosure Text Block Supplement [Abstract]

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

15. Restructuring, asset impairment, and other charges

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

	2013		2012		2011
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:

	2013		2012		2011
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:

	2013			2012

Balance, beginning of the year	$	2,614		$	4,357
Provisions associated with corporate store and retail office closures		-			228
Provisions made to adjust previous estimates		(176	)		111
Payments on unexpired leases		(1,610	)		(2,232	)
Accretion of interest on obligations		79			150

Balance, end of the year	$	907		$	2,614

Current portion included in other accrued liabilities	$	474		$	1,609
Long-term portion included in other long-term liabilities		433			1,005
	$	907		$	2,614

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 7.

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 10). 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 2013 other income (loss), net includes a non-cash charge of $416 for impairment of our real estate investment property in Henderson, Nevada which was held for sale at November 30, 2013. The sale of this property was closed on December 26, 2013. During fiscal 2011, other income (loss), net 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 7.

Note 16 - Contingencies

12 Months Ended

Nov. 30, 2013

Disclosure Text Block Supplement [Abstract]

Legal Matters and Contingencies [Text Block]

16. 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.

See also Note 8 regarding claims which could possibly result in the return of all or a portion of our share of the CDSOA final distribution.

Note 17 - Leases and Lease Guarantees

12 Months Ended

Nov. 30, 2013

Leases Lease Guarantees And Loan Guarantees [Abstract]

Leases Lease Guarantees And Loan Guarantees [Text Block]

17. Leases and Lease 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 30, 2013:

Fiscal 2014	$	18,053
Fiscal 2015		16,077
Fiscal 2016		13,089
Fiscal 2017		10,708
Fiscal 2018		8,823
Thereafter		29,671
	$	96,421

Lease expense was $18,403, $17,123 and $16,406 for 2013, 2012, and 2011, 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 2014	$	3,034
Fiscal 2015		2,465
Fiscal 2016		1,341
Fiscal 2017		960
Fiscal 2018		726
Thereafter		81
	$	8,607

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 $(594), $(468) and $285 in 2013, 2012 and 2011, respectively, and is reflected in other expense, net in the accompanying consolidated statements of income.

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 $3,698 and $2,007 at November 30, 2013 and November 24, 2012, 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 lease guarantees (an estimate of the cost to the Company to perform on these guarantees) at November 30, 2013 and November 24, 2012, were not material.

Note 18 - Earnings Per Share

12 Months Ended

Nov. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

18. Earnings Per Share

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

	2013		2012		2011
Numerator:
Net income	$	5,096	$	26,713	$	55,342

Denominator:
Denominator for basic income per share - weighted average shares		10,721,652		10,992,017		11,437,291
Effect of dilutive securities		150,897		103,394		106,879
Denominator for diluted income per share — weighted average shares and assumed conversions		10,872,549		11,095,411		11,544,170

Basic income per share:
Net income per share — basic	$	0.48	$	2.43	$	4.84

Diluted income per share:
Net income per share — diluted	$	0.47	$	2.41	$	4.79

For fiscal 2013, 2012 and 2011, the following potentially dilutive shares were excluded from the computations as there effect was anti-dilutive:

	2013		2012		2011
Stock options		472,500		622,500		924,464
Unvested restricted shares		81,295		12,582		94,960

Total anti-dilutive securities		553,795		635,082		1,019,424

Note 19 - Segment Information

12 Months Ended

Nov. 30, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

19. 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 (Company-owned and licensee-owned stores 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 and real estate segment consists of our short-term investments, our holdings of real estate leased or previously leased as licensee stores, and our equity investment in Zenith. We also hold an investment in Fortress, which we fully reserved during the first quarter of 2012. 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 income. During fiscal 2011, other income included the gain on the sale of our equity interest in IHFC as well as our equity in the income of IHFC for fiscal 2011 through the date of the sale. See Note 10 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:

	2013			2012			2011
Net Sales
Wholesale	$	215,451		$	185,187		$	177,372
Retail		199,380			171,633			147,961
Inter-company elimination		(93,545	)		(87,148	)		(72,125	)
Consolidated	$	321,286		$	269,672		$	253,208

Income (loss) from Operations
Wholesale	$	10,883		$	7,500		$	(4,394	)
Retail		(1,452	)		(2,067	)		(4,495	)
Inter-company elimination		574			717			942
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	$	10,005		$	5,080		$	(20,622	)

Depreciation and Amortization
Wholesale	$	1,342		$	1,171		$	1,246
Retail		4,372			3,760			3,421
Investments and real estate		484			542			847
Consolidated	$	6,198		$	5,473		$	5,514

Capital Expenditures
Wholesale	$	3,839		$	3,092		$	690
Retail		10,846			5,898			3,478
Investments and real estate		-			10			-
Consolidated	$	14,685		$	9,000		$	4,168

Identifiable Assets
Wholesale	$	109,958		$	145,861		$	142,361
Retail		77,331			68,583			60,811
Investments and real estate		38,560			12,736			20,002
Consolidated	$	225,849		$	227,180		$	223,174

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

	2013			2012			2000

Wood		41	%		43	%		44	%
Upholstery		59	%		57	%		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
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-SubTopic 10
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Topic 280
-SubTopic 10
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-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

Note 20 - Quarterly Results of Operations (Unaudited)

12 Months Ended

Nov. 30, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

20. Quarterly Results of Operations (unaudited)

	2013
	First Quarter (1)		Second Quarter		Third Quarter (2)		Fourth Quarter (3)

Net sales	$	79,849	$	81,223	$	77,152	$	83,062
Gross profit		41,360		41,826		38,723		44,085
Net income		980		1,953		556		1,607
Basic earnings per share		0.09		0.18		0.05		0.15
Diluted earnings per share		0.09		0.18		0.05		0.15

	2012
	First Quarter (4)			Second Quarter (5)		Third Quarter (6)		Fourth Quarter (7)

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

The first quarter of fiscal 2013 includes 14 weeks. All other quarters presented above for fiscal 2013 and 2012 consist of 13 week fiscal periods.

(1) The first quarter of fiscal 2013 included 14 weeks as compared with 13 weeks for the first quarter of 2012. On an average weekly basis, net sales for the first quarter of fiscal 2013 were $5,704 per week as compared with $4,690 per week for the first quarter of fiscal 2012.

(2) Includes $221 of tax benefit from the expiration of the statute of limitations on certain previously unrecognized tax benefits – see Note 11 for further information.

(3) Includes $416 charge for impairment related to our investment property located in Henderson, Nevada. See Note 15 for further details

(4) Includes restructuring and asset impairment charges of $236 and lease exit costs of $228 – see Note 15 for further details. Also includes $806 charge for other than temporary impairment to our investment in Fortress – see Note 7 for further details.

(5) Includes $9,010 of income from the final CDSOA distribution – see Note 8 for further details. Also includes restructuring and asset impairment charges of $475 and lease exit costs of $131 – see Note 15 for further details. Also includes $1,592 of tax benefit from partial release of deferred tax asset valuation reserves – see Note 11 for further information.

(6) Includes $1,205 of tax benefit from partial release of deferred tax asset valuation reserves – see Note 11 for further information.

(7) Includes $15,907 of tax benefit from release of deferred tax asset valuation reserves – see Note 11 for further information.

Schedule II - Analysis of Valuation and Qualifying Accounts

12 Months Ended

Nov. 30, 2013

Valuation and Qualifying Accounts [Abstract]

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 30, 2013, November 24, 2012 and November 26, 2011
(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 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

For the Year Ended November 30, 2013:
Reserve deducted from assets to which it applies

Allowance for doubtful accounts	$	1,789	$	361		$	(543	)	$	-		$	1,607

Notes receivable valuation reserves	$	4,139	$	-		$	-		$	-		$	4,139

Lease/Loan guarantee reserves	$	347	$	40		$	(212	)	$	-		$	175

Lease exit costs	$	2,614	$	(97	)	$	(1,610	)	$	-		$	907

Income tax valuation allowance	$	908	$	136		$	-		$	-		$	1,044

(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. 30, 2013

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation and Principles of Consolidation

For comparative purposes, certain amounts in the 2012 and 2011 financial statements have been reclassified to conform to the 2013 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

Receivables, Policy [Policy Text Block]

Accounts Receivable

	2013		2012
Portion of trade accounts receivable owed by licensees		50%		52%
Portion of allowance for doubtful accounts attributable to licensees		64%		84%

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

Concentrations of Credit Risk and Major Customers

	2013		2012
Accounts receivable, net of allowances (Note 4)	$	16,080	$	15,755
Notes receivable, net of allowances (Note 2)		632		636
Contingent obligations under lease and loan guarantees, less amounts recognized (Note 17)		3,523		1,684
Total credit risk exposure related to customers	$	20,235	$	18,075

Inventory, Policy [Policy Text Block]

Inventories

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

Property and Equipment

Retail Real Estate

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

New Store Pre-Opening Costs [Policy Text Block]

New Store Pre-Opening Costs

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]

Insurance Reserves

Supplemental Cash Flow Information [Policy Text Block]

Supplemental Cash Flow Information

New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Pronouncements

Note 2 - Significant Accounting Policies (Tables)

12 Months Ended

Nov. 30, 2013

Accounting Policies [Abstract]

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

	2013		2012
Portion of trade accounts receivable owed by licensees		50%		52%
Portion of allowance for doubtful accounts attributable to licensees		64%		84%

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

	2013		2012
Accounts receivable, net of allowances (Note 4)	$	16,080	$	15,755
Notes receivable, net of allowances (Note 2)		632		636
Contingent obligations under lease and loan guarantees, less amounts recognized (Note 17)		3,523		1,684
Total credit risk exposure related to customers	$	20,235	$	18,075

Note 3 - Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Nov. 30, 2013

Disclosure Text Block [Abstract]

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

	Net pension amortization and net actuarial loss

Balance at November 24, 2012	$	(1,223	)
Changes before reclassifications		(434	)
Amounts reclassified from accumulated other comprehensive loss		124
Tax effect		119
Balance at November 30, 2013	$	(1,414	)

Note 4 - Accounts Receivable (Tables)

12 Months Ended

Nov. 30, 2013

Receivables [Abstract]

Schedule of Accounts Receivable [Table Text Block]

	November 30, 2013			November 24, 2012
Gross accounts receivable	$	17,687		$	17,544
Allowance for doubtful accounts		(1,607	)		(1,789	)
Net accounts receivable	$	16,080		$	15,755

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

	2013			2012

Balance, beginning of the year	$	1,789		$	2,092
Additions charged to expense		361			376
Write-offs		(543	)		(679	)
Balance, end of the year	$	1,607		$	1,789

Note 5 - Inventories (Tables)

12 Months Ended

Nov. 30, 2013

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

	November 30, 2013			November 24, 2012
Wholesale finished goods	$	28,450		$	33,110
Work in process		277			273
Raw materials and supplies		8,029			8,586
Retail merchandise		25,167			23,938
Total inventories on first-in, first-out method		61,923			65,907
LIFO adjustment		(7,561	)		(6,902	)
Reserve for excess and obsolete inventory		(1,293	)		(1,089	)
	$	53,069		$	57,916

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

	Wholesale Segment			Retail Segment			Total
Balance at November 26, 2011	$	987		$	188		$	1,175
Additions charged to expense		1,334			443			1,777
Write-offs		(1,606	)		(257	)		(1,863	)
Balance at November 24, 2012		715			374			1,089
Additions charged to expense		2,309			383			2,692
Write-offs		(2,023	)		(465	)		(2,488	)
Balance at November 30, 2013	$	1,001		$	292		$	1,293

Note 6 - Property and Equipment (Tables)

12 Months Ended

Nov. 30, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

	November 30, 2013			November 24, 2012
Land	$	11,371		$	11,926
Buildings and leasehold improvements		75,965			71,207
Machinery and equipment		67,183			65,024
		154,519			148,157
Less accumulated depreciation		(90,248	)		(91,533	)
	$	64,271		$	56,624

Note 9 - Licensee Acquisitions and Goodwill (Tables)

12 Months Ended

Nov. 30, 2013

Business Combinations [Abstract]

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

	2013		2012			2011
Net assets acquired:
Inventory	$	-	$	1,480		$	3,618
Property and equipment/other		-		592			1,293
Goodwill		-		1,296			-
Customer deposits and other accrued expenses		-		(1,227	)		(2,613	)

Total net assets acquired	$	-	$	2,141		$	2,298

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

Total consideration	$	-	$	2,141		$	2,298

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

	2013		2012			2011
Net sales	$	-	$	1,646		$	11,264
Operating losses		-		(62	)		(874	)

Schedule of Goodwill [Table Text Block]

	Wholesale		Retail		Total

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
Goodwill from store acquisitions		-		-		-
Impairment charge		-		-		-

Balance as of November 30, 2013	$	1,129	$	602	$	1,731

Note 10 - Unconsolidated Affiliated Companies (Tables)

12 Months Ended

Nov. 30, 2013

Income from IHFC [Member]

Note 10 - Unconsolidated Affiliated Companies (Tables) [Line Items]

Equity Method Investments [Table Text Block]

		2013				2012				2011
Earnings recognized		$	770			$	347			$	8

Gain from Sale and Consideration Received [Member]

Note 10 - Unconsolidated Affiliated Companies (Tables) [Line Items]

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 (1)		1,413
Indemnification escrow (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

Summarized Financial Information for IHFC [Member]

Note 10 - Unconsolidated Affiliated Companies (Tables) [Line Items]

Equity Method Investments [Table Text Block]

			2011*
Revenues			19,955
Net income			3,470

Note 11 - Income Taxes (Tables)

12 Months Ended

Nov. 30, 2013

Valuation Allowance of Deferred Tax Assets [Member]

Note 11 - Income Taxes (Tables) [Line Items]

Summary of Valuation Allowance [Table Text Block]

	2013		2012			2011

Balance, beginning of the year	$	908	$	19,612		$	36,806
Additions charged to expense		136		-			-
Deductions reducing expense		-		(18,704	)		(17,464	)
Additions recorded as a component of other comprehensive (income) loss		-		-			270
Balance, end of the year	$	1,044	$	908		$	19,612

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

	2013		2012			2011
Current:
Federal	$	759	$	1,611		$	3,947
State		50		(487	)		676

Deferred:
Increase (decrease) in valuation allowance		136		(18,704	)		(17,464	)
Federal		1,970		2,458			14,934
State		176		423			2,316
Total	$	3,091	$	(14,699	)	$	4,409

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

	2013			2012			2011
Statutory federal income tax rate		34.0	%		35.0	%		35.0	%
Dividends received deduction		-			-			(1.8	)
Change in income tax valuation allowance		1.7			(155.6	)		(29.2	)
Change in income tax reserves		0.1			(3.3	)		(0.1	)
State income tax, net of federal benefit		3.7			1.5			3.4
Other		(1.7	)		0.1			-
Effective income tax rate		37.8	%		(122.3	)%		7.3	%

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

	November 30, 2013			November 24, 2012
Deferred income tax assets:
Trade accounts receivable	$	618		$	688
Inventories		2,277			1,946
Property and equipment		756			1,688
Notes receivable		1,592			1,592
Retirement benefits		5,626			5,547
State net operating loss carryforwards		2,482			2,309
Unrealized loss from affiliates		988			1,069
Lease termination accruals		349			1,005
Other		2,398			2,580
Gross deferred income tax assets		17,086			18,424
Valuation allowance		(1,044	)		(908	)
Total deferred income tax assets		16,042			17,516

Deferred income tax liabilities:
Unrealized gains from affiliates		755			78
Prepaid expenses and other		135			121

Total deferred income tax liabilities		890			199

Net deferred income tax assets	$	15,152		$	17,317

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

	2013			2012
Balance, beginning of the year	$	1,228		$	1,502
Gross increases		401			10
Gross decreases, primarily due to the expiration of statutes		(132	)		(284	)

Balance, end of the year	$	1,497		$	1,228

Note 12 - Real Estate Notes Payable and Bank Credit Facility (Tables)

12 Months Ended

Nov. 30, 2013

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

	November 30, 2013			November 24, 2012
Real estate notes payable	$	2,746		$	3,294
Current portion of real estate notes payable		(279	)		(241	)
	$	2,467		$	3,053

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

Fiscal 2014	$	279
Fiscal 2015		299
Fiscal 2016		319
Fiscal 2017		341
Fiscal 2018		365
Thereafter		1,143
	$	2,746

Note 13 - Post-Employment Benefit Obligations (Tables)

12 Months Ended

Nov. 30, 2013

Postemployment Benefits [Abstract]

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

	2013			2012
Change in Benefit Obligation:
Projected benefit obligation at beginning of year	$	9,805			$	9,326
Service cost		71				54
Interest cost		350				376
Actuarial losses		434				709
Benefits paid		(885	)			(660	)
Projected benefit obligation at end of year	$	9,775			$	9,805

Accumulated Benefit Obligation	$	9,215			$	9,342


Amounts recognized in the consolidated balance sheet:
Current liabilities	$	810			$	843
Noncurrent liabilities		8,965				8,962
	$	9,775			$	9,805
Amounts recognized in accumulated other comprehensive income:
Transition obligation	$	212			$	255
Actuarial loss		2,085				1,732
Net amount recognized	$	2,297			$	1,987

Total recognized in net periodic benefit cost and accumulated other comprehensive income:	$	854			$	1,139

Schedule of Net Benefit Costs [Table Text Block]

	2013		2012		2011

Components of Net Periodic Pension Cost:
Service cost	$	71	$	54	$	47
Interest cost		350		376		420
Amortization of transition obligation		42		42		42
Amortization of other loss		81		11		-

Net periodic pension cost	$	544	$	483	$	509

Schedule of Assumptions Used [Table Text Block]

Assumptions used to determine net periodic pension cost:
Discount rate	3.75	%	4.25	%	5.00	%
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 2014	$	810
Fiscal 2015		769
Fiscal 2016		727
Fiscal 2017		685
Fiscal 2018		645
Fiscal 2019 through 2023		3,233

Note 14 - Capital Stock and Stock Compensation (Tables)

12 Months Ended

Nov. 30, 2013

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

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

2013		2012		2011

$	728	$	636	$	426

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

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

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

	Number of Shares			Weighted Average Exercise Price Per Share

Outstanding at November 24, 2012		785,100		$	14.55
Granted		-			-
Exercised		(46,000	)		7.10
Forfeited/Expired		(4,000	)		4.38
Outstanding at November 30, 2013		735,100			15.08
Exercisable at November 30, 2013		648,600		$	16.25

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 24, 2012		154,250		$	6.00
Granted		-			-
Vested		(63,750	)		5.69
Forfeited/Expired		(4,000	)		4.38
Non-vested options outstanding at November 30, 2013		86,500			6.31

	Number of Shares			Weighted Average Grant Date Fair Value Per Share

Non-vested restricted shares outstanding at November 24, 2012		138,782		$	7.15
Granted		81,295			16.54
Vested and released		(52,184	)		5.74
Forfeited		(2,000	)		4.38
Non-vested restricted shares outstanding at November 30, 2013		165,893			12.23

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		76,350		6.6	$	4.38		35,350	$	4.38
$	6.45	-	$9.67		62,750		7.6		8.04		17,250		8.02
$	9.68	-	$12.90		123,500		3.9		10.60		123,500		10.60
$	12.91	-	$16.13		67,500		2.9		14.89		67,500		14.89
$	16.14	-	$19.35		150,000		2.6		16.96		150,000		16.96
$	19.36	-	$22.58		255,000		0.2		21.12		255,000		21.12
					735,100						648,600

Aggregate intrinsic value				$	2,053					$	1,235

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

	2013		2012		2011

Total intrinsic value of options exercised	$	387	$	530	$	74
Total fair value of options vested		363		371		110
Total cash received from the exercise of options		413		536		81
Excess tax benefits recognized as additional paid-in capital upon the exercise of options		106		-		-

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		Remaining Restriction Period (Years)


March 7, 2011		4,000	$	8.15		0.3
July 13, 2011		79,200	$	8.02		0.6
July 13, 2012		1,398	$	11.69		1.6
April 1, 2013		11,295	$	15.94		0.3
July 17, 2013		70,000	$	16.64		4.6
		165,893

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

12 Months Ended

Nov. 30, 2013

Disclosure Text Block Supplement [Abstract]

Restructuring and Related Costs [Table Text Block]

	2013		2012		2011
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]

	2013		2012		2011
Wholesale	$	-	$	719	$	8,653
Retail		-		351		4,022
	$	-	$	1,070	$	12,675

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

	2013			2012

Balance, beginning of the year	$	2,614		$	4,357
Provisions associated with corporate store and retail office closures		-			228
Provisions made to adjust previous estimates		(176	)		111
Payments on unexpired leases		(1,610	)		(2,232	)
Accretion of interest on obligations		79			150

Balance, end of the year	$	907		$	2,614

Current portion included in other accrued liabilities	$	474		$	1,609
Long-term portion included in other long-term liabilities		433			1,005
	$	907		$	2,614

Note 17 - Leases and Lease Guarantees (Tables)

12 Months Ended

Nov. 30, 2013

Leases Lease Guarantees And Loan Guarantees [Abstract]

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

Fiscal 2014	$	18,053
Fiscal 2015		16,077
Fiscal 2016		13,089
Fiscal 2017		10,708
Fiscal 2018		8,823
Thereafter		29,671
	$	96,421

Schedule of Future Rental Income [Table Text Block]

Fiscal 2014	$	3,034
Fiscal 2015		2,465
Fiscal 2016		1,341
Fiscal 2017		960
Fiscal 2018		726
Thereafter		81
	$	8,607

Note 18 - Earnings Per Share (Tables)

12 Months Ended

Nov. 30, 2013

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	2013		2012		2011
Numerator:
Net income	$	5,096	$	26,713	$	55,342

Denominator:
Denominator for basic income per share - weighted average shares		10,721,652		10,992,017		11,437,291
Effect of dilutive securities		150,897		103,394		106,879
Denominator for diluted income per share — weighted average shares and assumed conversions		10,872,549		11,095,411		11,544,170

Basic income per share:
Net income per share — basic	$	0.48	$	2.43	$	4.84

Diluted income per share:
Net income per share — diluted	$	0.47	$	2.41	$	4.79

	2013		2012		2011
Stock options		472,500		622,500		924,464
Unvested restricted shares		81,295		12,582		94,960

Total anti-dilutive securities		553,795		635,082		1,019,424

Note 19 - Segment Information (Tables)

12 Months Ended

Nov. 30, 2013

Segment Reporting [Abstract]

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

	2013			2012			2011
Net Sales
Wholesale	$	215,451		$	185,187		$	177,372
Retail		199,380			171,633			147,961
Inter-company elimination		(93,545	)		(87,148	)		(72,125	)
Consolidated	$	321,286		$	269,672		$	253,208

Income (loss) from Operations
Wholesale	$	10,883		$	7,500		$	(4,394	)
Retail		(1,452	)		(2,067	)		(4,495	)
Inter-company elimination		574			717			942
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	$	10,005		$	5,080		$	(20,622	)

Depreciation and Amortization
Wholesale	$	1,342		$	1,171		$	1,246
Retail		4,372			3,760			3,421
Investments and real estate		484			542			847
Consolidated	$	6,198		$	5,473		$	5,514

Capital Expenditures
Wholesale	$	3,839		$	3,092		$	690
Retail		10,846			5,898			3,478
Investments and real estate		-			10			-
Consolidated	$	14,685		$	9,000		$	4,168

Identifiable Assets
Wholesale	$	109,958		$	145,861		$	142,361
Retail		77,331			68,583			60,811
Investments and real estate		38,560			12,736			20,002
Consolidated	$	225,849		$	227,180		$	223,174

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

	2013			2012			2000

Wood		41	%		43	%		44	%
Upholstery		59	%		57	%		56	%
		100	%		100	%		100	%

Note 20 - Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Nov. 30, 2013

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information [Table Text Block]

	2013
	First Quarter (1)		Second Quarter		Third Quarter (2)		Fourth Quarter (3)

Net sales	$	79,849	$	81,223	$	77,152	$	83,062
Gross profit		41,360		41,826		38,723		44,085
Net income		980		1,953		556		1,607
Basic earnings per share		0.09		0.18		0.05		0.15
Diluted earnings per share		0.09		0.18		0.05		0.15

	2012
	First Quarter (4)			Second Quarter (5)		Third Quarter (6)		Fourth Quarter (7)

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

Note 1 - Description of Business (Details)	Nov. 30, 2013	Nov. 24, 2012
Company-owned Retail Stores [Member]
Note 1 - Description of Business (Details) [Line Items]
Number of Stores	55
Licensee Operated Retail Stores [Member]
Note 1 - Description of Business (Details) [Line Items]
Number of Stores	34
Number of Stores	89
Percent of Wholesale Products Sourced from Other Countries	46.00%
Number of Domestic Manufacturing Facilities		2

Note 2 - Significant Accounting Policies (Details)	12 Months Ended
Note 2 - Significant Accounting Policies (Details)	Nov. 30, 2013
Building and Building Improvements [Member] \| Minimum [Member]
Note 2 - Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Building and Building Improvements [Member] \| Maximum [Member]
Note 2 - Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	39 years
Machinery and Equipment [Member] \| Minimum [Member]
Note 2 - Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Machinery and Equipment [Member] \| Maximum [Member]
Note 2 - Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Retail Buildings and Improvements [Member] \| Minimum [Member]
Note 2 - Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Retail Buildings and Improvements [Member] \| Maximum [Member]
Note 2 - Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	39 years
Minimum [Member]
Note 2 - Significant Accounting Policies (Details) [Line Items]
Payment Terms for Wholesale Customers	30 days
Maximum [Member]
Note 2 - Significant Accounting Policies (Details) [Line Items]
Payment Terms for Wholesale Customers	60 days

Note 2 - Significant Accounting Policies (Details) - Percentages Of Trade Accounts Receivable And Related Allowance For Doubtful Accounts Due From Licensees	Nov. 30, 2013	Nov. 24, 2012
Percentages Of Trade Accounts Receivable And Related Allowance For Doubtful Accounts Due From Licensees [Abstract]
Portion of trade accounts receivable owed by licensees	50.00%	52.00%
Portion of allowance for doubtful accounts attributable to licensees	64.00%	84.00%

Note 2 - Significant Accounting Policies (Details) - Aggregate Exposure From Receivables And Guarantees Related To Customers - USD ($) $ in Thousands	Nov. 30, 2013	Nov. 24, 2012
Aggregate Exposure From Receivables And Guarantees Related To Customers [Abstract]
Accounts receivable, net of allowances (Note 4)	$ 16,080	$ 15,755
Notes receivable, net of allowances (Note 2)	632	636
Contingent obligations under lease and loan guarantees, less amounts recognized (Note 17)	3,523	1,684
Total credit risk exposure related to customers	$ 20,235	$ 18,075

Note 3 - Accumulated Other Comprehensive Loss (Details) - The Activity In Accumulated Other Comprehensive Loss $ in Thousands	12 Months Ended
	Nov. 30, 2013 USD ($)
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at November 24, 2012	$ (1,223)
Changes before reclassifications	(434)
Amounts reclassified from accumulated other comprehensive loss	124
Tax effect	119
Balance at November 30, 2013	(1,414)
Balance at November 24, 2012	(1,223)
Balance at November 30, 2013	$ (1,414)

- 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 + Details

Note 4 - Accounts Receivable (Details) - Accounts Receivable - USD ($) $ in Thousands	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Accounts Receivable [Abstract]
Gross accounts receivable	$ 17,687	$ 17,544
Allowance for doubtful accounts	(1,607)	(1,789)	$ (2,092)
Net accounts receivable	$ 16,080	$ 15,755

Note 4 - Accounts Receivable (Details) - Activity In Allowance For Doubtful Accounts - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Activity In Allowance For Doubtful Accounts [Abstract]
Balance, beginning of the year	$ 1,789	$ 2,092
Additions charged to expense	361	376	$ 13,490
Write-offs	(543)	(679)
Balance, end of the year	$ 1,607	$ 1,789	$ 2,092

Note 5 - Inventories (Details) - USD ($) $ in Thousands	12 Months Ended
Note 5 - Inventories (Details) - USD ($) $ in Thousands	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Inventory Disclosure [Abstract]
Purchases from Major Vendors	$ 24,217	$ 23,416	$ 24,996

Note 5 - Inventories (Details) - Inventories - USD ($) $ in Thousands	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Inventories [Abstract]
Wholesale finished goods	$ 28,450	$ 33,110
Work in process	277	273
Raw materials and supplies	8,029	8,586
Retail merchandise	25,167	23,938
Total inventories on first-in, first-out method	61,923	65,907
LIFO adjustment	(7,561)	(6,902)
Reserve for excess and obsolete inventory	(1,293)	(1,089)	$ (1,175)
	$ 53,069	$ 57,916

Note 5 - Inventories (Details) - Activity In Reserves For Excess Quantities And Obsolete Inventory By Segment - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012
Wholesale Segment [Member] \| Operating Segments [Member]
Note 5 - Inventories (Details) - Activity In Reserves For Excess Quantities And Obsolete Inventory By Segment [Line Items]
Balance	$ 1,001	$ 715
Additions charged to expense	2,309	1,334
Write-offs	(2,023)	(1,606)
Retail Segment [Member] \| Operating Segments [Member]
Note 5 - Inventories (Details) - Activity In Reserves For Excess Quantities And Obsolete Inventory By Segment [Line Items]
Balance	292	374
Additions charged to expense	383	443
Write-offs	(465)	(257)
Balance	1,293	1,089
Additions charged to expense	2,692	1,777
Write-offs	$ (2,488)	$ (1,863)

Note 6 - Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Retail Segment [Member]
Note 6 - Property and Equipment (Details) [Line Items]
Property, Plant and Equipment, Net	$ 51,748	$ 45,982
Depreciation	5,874	5,127	$ 4,837
Property, Plant and Equipment, Net	$ 64,271	$ 56,624

Note 6 - Property and Equipment (Details) - Property and Equipment - USD ($) $ in Thousands	Nov. 30, 2013	Nov. 24, 2012
Property and Equipment [Abstract]
Land	$ 11,371	$ 11,926
Buildings and leasehold improvements	75,965	71,207
Machinery and equipment	67,183	65,024
	154,519	148,157
Less accumulated depreciation	(90,248)	(91,533)
	$ 64,271	$ 56,624

Note 7 - Financial Instruments, Investments and Fair Value Measurements (Details)	12 Months Ended
	Nov. 30, 2013
Minimum [Member]
Note 7 - Financial Instruments, Investments and Fair Value Measurements (Details) [Line Items]
Maturity of Time Deposits	6 months
Weighted Average Rate Domestic Deposit, Certificates of Deposit	0.12%
Maximum [Member]
Note 7 - Financial Instruments, Investments and Fair Value Measurements (Details) [Line Items]
Maturity of Time Deposits	12 months
Weighted Average Rate Domestic Deposit, Certificates of Deposit	1.00%
Weighted Average [Member]
Note 7 - Financial Instruments, Investments and Fair Value Measurements (Details) [Line Items]
Maturity of Time Deposits	5 months

Note 8 - Income from the Continued Dumping and Subsidy Offset Act (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	May 26, 2012	Nov. 24, 2012	Nov. 26, 2011
Income From Continued Dumping And Subsidy Offset Act [Abstract]
Income from Continued Dumping and Subsidy Offset Act	$ 9,010	$ 9,010	$ 765

Note 9 - Licensee Acquisitions and Goodwill (Details) $ in Thousands	12 Months Ended
	Nov. 30, 2013 USD ($)	Nov. 24, 2012 USD ($)	Nov. 26, 2011
Knoxville [Member] \| Cash [Member]
Note 9 - Licensee Acquisitions and Goodwill (Details) [Line Items]
Payments to Acquire Businesses, Gross		$ 485
Knoxville [Member] \| Accounts Receivable [Member]
Note 9 - Licensee Acquisitions and Goodwill (Details) [Line Items]
Payments to Acquire Businesses, Gross		$ 188
Knoxville [Member]
Note 9 - Licensee Acquisitions and Goodwill (Details) [Line Items]
Number of Stores Acquired		1
Payments to Acquire Businesses, Gross		$ 673
Goodwill, Acquired During Period		375
Orange County [Member] \| Cash [Member]
Note 9 - Licensee Acquisitions and Goodwill (Details) [Line Items]
Payments to Acquire Businesses, Gross		64
Orange County [Member] \| Accounts Receivable [Member]
Note 9 - Licensee Acquisitions and Goodwill (Details) [Line Items]
Payments to Acquire Businesses, Gross		$ 1,404
Orange County [Member]
Note 9 - Licensee Acquisitions and Goodwill (Details) [Line Items]
Number of Stores Acquired		2
Payments to Acquire Businesses, Gross		$ 1,468
Goodwill, Acquired During Period		921
Licensee Operated Retail Stores [Member]
Note 9 - Licensee Acquisitions and Goodwill (Details) [Line Items]
Number of Licensees			4
Number of Stores Acquired			9
Goodwill, Acquired During Period	$ 0	$ 1,296

Note 9 - Licensee Acquisitions and Goodwill (Details) - Net Assets Acquired And Consideration Given - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Licensee Acquisitions [Member] \| Accounts Receivable [Member]
Consideration given:
Consideration given	$ 0	$ 1,592	$ 2,298
Licensee Acquisitions [Member] \| Cash [Member]
Consideration given:
Consideration given	0	549	0
Licensee Acquisitions [Member]
Note 9 - Licensee Acquisitions and Goodwill (Details) - Net Assets Acquired And Consideration Given [Line Items]
Inventory	0	1,480	3,618
Property and equipment/other	0	592	1,293
Goodwill	0	1,296	0
Customer deposits and other accrued expenses	0	(1,227)	(2,613)
Total net assets acquired	0	2,141	2,298
Consideration given:
Consideration given	0	2,141	2,298
Goodwill	$ 1,731	$ 1,731	$ 435

Note 9 - Licensee Acquisitions and Goodwill (Details) - Net Sales And Operating Loss Generated Subsequent To Acquisition - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Nov. 30, 2013

^[1]

Aug. 31, 2013

^[2]

Jun. 01, 2013

Mar. 02, 2013

^[3]

Nov. 24, 2012

^[4]

Sep. 01, 2012

^[5]

Jun. 02, 2012

^[6]

Feb. 25, 2012

^[7]

Nov. 30, 2013

Nov. 24, 2012

Nov. 26, 2011

Retail Stores Acquired [Member]

Note 9 - Licensee Acquisitions and Goodwill (Details) - Net Sales And Operating Loss Generated Subsequent To Acquisition [Line Items]

Net sales

$ 1,646

$ 11,264

Operating losses

(62)

(874)

Net sales

$ 83,062

$ 77,152

$ 81,223

$ 79,849

$ 76,812

$ 64,438

$ 67,454

$ 60,968

$ 321,286

269,672

253,208

Operating losses

$ 10,005

$ 5,080

$ (20,622)

[1]	Includes $416 charge for impairment related to our investment property located in Henderson, Nevada. See Note 15 for further details
[2]	Includes $221 of tax benefit from the expiration of the statute of limitations on certain previously unrecognized tax benefits - see Note 11 for further information.
[3]	The first quarter of fiscal 2013 included 14 weeks as compared with 13 weeks for the first quarter of 2012. On an average weekly basis, net sales for the first quarter of fiscal 2013 were $5,704 per week as compared with $4,690 per week for the first quarter of fiscal 2012.
[4]	Includes $15,907 of tax benefit from release of deferred tax asset valuation reserves - see Note 11 for further information.
[5]	Includes $1,205 of tax benefit from partial release of deferred tax asset valuation reserves - see Note 11 for further information.
[6]	Includes $9,010 of income from the final CDSOA distribution - see Note 8 for further details. Also includes restructuring and asset impairment charges of $475 and lease exit costs of $131 - see Note 15 for further details. Also includes $1,592 of tax benefit from partial release of deferred tax asset valuation reserves - see Note 11 for further information.
[7]	Includes restructuring and asset impairment charges of $236 and lease exit costs of $228 - see Note 15 for further details. Also includes $806 charge for other than temporary impairment to our investment in Fortress - see Note 7 for further details.

Note 9 - Licensee Acquisitions and Goodwill (Details) - Carrying Value Of Goodwill - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012
Wholesale Segment [Member] \| Operating Segments [Member]
Goodwill [Line Items]
Balance	$ 1,129	$ 276
Goodwill from store acquisition	0	853
Impairment charge	0	0
Balance	1,129	1,129
Retail Segment [Member] \| Operating Segments [Member]
Goodwill [Line Items]
Balance	602	159
Goodwill from store acquisition	0	443
Impairment charge	0	0
Balance	602	602
Balance	1,731	435
Goodwill from store acquisition	0	1,296
Impairment charge	0	0
Balance	$ 1,731	$ 1,731

Note 10 - Unconsolidated Affiliated Companies (Details) - USD ($)
$ in Thousands

1 Months Ended

3 Months Ended

12 Months Ended

Dec. 19, 2012

Mar. 02, 2013

Nov. 30, 2013

Nov. 24, 2012

Nov. 26, 2011

May 02, 2011

IHFC [Member]

Note 10 - Unconsolidated Affiliated Companies (Details) [Line Items]

Equity Method Investment, Ownership Percentage

46.90%

Zenith Freight Lines [Member]

Note 10 - Unconsolidated Affiliated Companies (Details) [Line Items]

Equity Method Investment, Ownership Percentage

49.00%

Equity Method Investments

$ 7,254

$ 6,484

Shipping, Handling and Transportation Costs

29,313

25,317

$ 23,665

Due to Affiliate

2,580

2,547

IHFC [Member]

Note 10 - Unconsolidated Affiliated Companies (Details) [Line Items]

Income (Loss) from Equity Method Investments, Net of Dividends or Distributions

1,832

Proceeds from Equity Method Investment, Dividends or Distributions

3,756

Increase (Decrease) in Other Receivables

$ 2,348

Indemnification Escrow Receivable

4,695

$ 4,695

^[1]

Cost Method Investments

^[2]

$ 1,000

Income (Loss) from Equity Method Investments, Net of Dividends or Distributions

$ 770

$ 347

1,840

Proceeds from Equity Method Investment, Dividends or Distributions

$ 3,756

[1]	$2,348 of this escrow was released to us during the first quarter of fiscal 2013. The remaining balance is included in other current assets in the accompanying consolidated balance sheet at November 30, 2013.
[2]	Included in other assets in the accompanying consolidated balance sheets at November 30, 2013 and November 24, 2012.

Note 10 - Unconsolidated Affiliated Companies (Details) - Income - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Zenith Freight Lines [Member] \| Earnings Recognized [Member]
Schedule of Equity Method Investments [Line Items]
Earnings recognized	$ 770	$ 347	$ 8
Earnings recognized	$ 770	$ 347	$ 1,840

Note 10 - Unconsolidated Affiliated Companies (Details) - Consideration Received, Balance Of Investment In IHFC At Time Of Sale And Gain From Sale - USD ($)
$ in Thousands

4 Months Ended

12 Months Ended

May 02, 2011

Nov. 30, 2013

Nov. 24, 2012

Nov. 26, 2011

Consideration received:

Cash

$ 69,152

$ 2,348

$ 1,410

$ 69,152

Tax escrow (1)

^[1]

1,413

Indemnification escrow (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]	These funds were released to us during the first quarter of fiscal 2012.
[2]	$2,348 of this escrow was released to us during the first quarter of fiscal 2013. The remaining balance is included in other current assets in the accompanying consolidated balance sheet at November 30, 2013.
[3]	Included in other assets in the accompanying consolidated balance sheets at November 30, 2013 and November 24, 2012.

Note 10 - Unconsolidated Affiliated Companies (Details) - Summarized Financial Information For IHFC
$ in Thousands

12 Months Ended

Nov. 26, 2011

USD ($)

^[1]

Summarized Financial Information For IHFC [Abstract]

Revenues

$ 19,955

Net income

$ 3,470

[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.

Note 11 - Income Taxes (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
State and Local Jurisdiction [Member]
Note 11 - Income Taxes (Details) [Line Items]
Deferred Tax Assets, Valuation Allowance	$ 1,044	$ 908
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	29,211
Deferred Tax Assets, Operating Loss Carryforwards, Domestic			$ 6,341
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	313
Years Company Remained in Cumulative Loss Position			3 years
Valuation Allowance, Deferred Tax Asset, Change in Amount	(136)	$ 18,704	$ 17,464
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	1,044	$ 908
Income Taxes Paid, Net	2,723	2,010	3,651
Unrecognized Tax Benefits, Excluding Interest and Penalties	1,497	1,228
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	239	175
Unrecognized Tax Benefits Interest Expense Recovery	(23)	(63)
Unrecognized Tax Benefits, Interest on Income Taxes Expense			67
Unrecognized Tax Benefits Income Tax Penalties Expense Recovery	(31)	(57)	$ (46)
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	140	164
Unrecognized Tax Benefits, Income Tax Penalties Accrued	$ 10	$ 40

Note 11 - Income Taxes (Details) - Components Of Income Tax Provision (Benefit) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Nov. 24, 2012	Aug. 25, 2012	May 26, 2012	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Current:
Federal				$ 759	$ 1,611	$ 3,947
State				50	(487)	676
Deferred:
Increase (decrease) in valuation allowance				136	(18,704)	(17,464)
Federal				1,970	2,458	14,934
State				176	423	2,316
Total	$ (15,907)	$ (1,205)	$ (1,592)	$ 3,091	$ (14,699)	$ 4,409

Note 11 - Income Taxes (Details) - Reconciliation Of Statutory Federal Income Tax Rate And Effective Income Tax Rate	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Reconciliation Of Statutory Federal Income Tax Rate And Effective Income Tax Rate [Abstract]
Statutory federal income tax rate	34.00%	35.00%	35.00%
Dividends received deduction			(1.80%)
Change in income tax valuation allowance	1.70%	(155.60%)	(29.20%)
Change in income tax reserves	0.10%	(3.30%)	(0.10%)
State income tax, net of federal benefit	3.70%	1.50%	3.40%
Other	(1.70%)	0.10%
Effective income tax rate	37.80%	(122.30%)	7.30%

Note 11 - Income Taxes (Details) - Income Tax Effects Of Temporary Differences And Carryforwards - USD ($) $ in Thousands	Nov. 30, 2013	Nov. 24, 2012
Deferred income tax assets:
Trade accounts receivable	$ 618	$ 688
Inventories	2,277	1,946
Property and equipment	756	1,688
Notes receivable	1,592	1,592
Retirement benefits	5,626	5,547
State net operating loss carryforwards	2,482	2,309
Unrealized loss from affiliates	988	1,069
Lease termination accruals	349	1,005
Other	2,398	2,580
Gross deferred income tax assets	17,086	18,424
Valuation allowance	(1,044)	(908)
Total deferred income tax assets	16,042	17,516
Deferred income tax liabilities:
Unrealized gains from affiliates	755	78
Prepaid expenses and other	135	121
Total deferred income tax liabilities	890	199
Net deferred income tax assets	$ 15,152	$ 17,317

Note 11 - Income Taxes (Details) - Summary Of Valuation Allowances Against Deferred Tax Assets - Valuation Allowance of Deferred Tax Assets [Member] - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Valuation Allowance [Line Items]
Balance	$ 908	$ 19,612	$ 36,806
Additions charged to expense	136
Deductions reducing expense		(18,704)	(17,464)
Additions recorded as a component of other comprehensive (income) loss			270
Balance	$ 1,044	$ 908	$ 19,612

Note 11 - Income Taxes (Details) - Activity Related To Gross Unrecognized Tax Benefits - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Aug. 31, 2013	Nov. 30, 2013	Nov. 24, 2012
Activity Related To Gross Unrecognized Tax Benefits [Abstract]
Balance, beginning of the year		$ 1,228	$ 1,502
Gross increases		401	10
Gross decreases, primarily due to the expiration of statutes	$ (221)	(132)	(284)
Balance, end of the year		$ 1,497	$ 1,228

Note 12 - Real Estate Notes Payable and Bank Credit Facility (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011	Dec. 18, 2012
Financed Through Commercial Mortgages [Member]
Note 12 - Real Estate Notes Payable and Bank Credit Facility (Details) [Line Items]
Real Estate Investment Property, Net	$ 6,262	$ 6,397
Debt Instrument, Interest Rate, Stated Percentage		6.73%
Real Estate Investment Property, Net	10,435	$ 12,736
Secured Debt, Current	279	241
Secured Long-term Debt, Noncurrent	2,467	3,053
Gains (Losses) on Extinguishment of Debt			$ 1,305
Loans Payable, Fair Value Disclosure	2,684	3,309
Line of Credit Facility, Maximum Borrowing Capacity				$ 15,000
Letters of Credit Outstanding, Amount	1,366
Line of Credit Facility, Remaining Borrowing Capacity	13,634
Interest Paid	$ 244	$ 294	$ 895

Note 12 - Real Estate Notes Payable and Bank Credit Facility (Details) - Real Estate Notes Payable And Bank Debt - USD ($) $ in Thousands	Nov. 30, 2013	Nov. 24, 2012
Real Estate Notes Payable And Bank Debt [Abstract]
Real estate notes payable	$ 2,746	$ 3,294
Current portion of real estate notes payable	(279)	(241)
	$ 2,467	$ 3,053

Note 12 - Real Estate Notes Payable and Bank Credit Facility (Details) - Maturities Of Real Estate Notes Payable $ in Thousands	Nov. 30, 2013 USD ($)
Maturities Of Real Estate Notes Payable [Abstract]
Fiscal 2014	$ 279
Fiscal 2015	299
Fiscal 2016	319
Fiscal 2017	341
Fiscal 2018	365
Thereafter	1,143
	$ 2,746

Note 13 - Post-Employment Benefit Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Unfunded Deferred Compensation Plan [Member]
Note 13 - Post-Employment Benefit Obligations (Details) [Line Items]
Postemployment Benefits Liability, Noncurrent	$ 2,555	$ 2,615
Payment over 120 Months [Member]
Note 13 - Post-Employment Benefit Obligations (Details) [Line Items]
Death Benefit Percent of Final Average Annual Compensation	50.00%
A Single Payment [Member]
Note 13 - Post-Employment Benefit Obligations (Details) [Line Items]
Death Benefit Percent of Final Average Annual Compensation	200.00%
Percent of Final Average Compensation Provided by Supplemental Retirement Income Plan	65.00%
Death Benefit Payment Term	120 months
Current Net Death Benefit	$ 3,316
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax	2,297
Defined Benefit Plan, Future Amortization of Transition Obligation (Asset)	42
Defined Benefit Plan, Future Amortization of Gain (Loss)	123
Pension Expense	288	312	$ 332
Postemployment Benefits Liability, Noncurrent	$ 11,146	11,577
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	15.00%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	8.00%
Defined Contribution Plan, Cost Recognized	$ 340	$ 175

Note 13 - Post-Employment Benefit Obligations (Details) - Plan Summary - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Change in Benefit Obligation:
Projected benefit obligation at beginning of year	$ 9,805	$ 9,326
Projected benefit obligation at end of year	9,775	9,805	$ 9,326
Service cost	71	54	47
Interest cost	350	376	$ 420
Actuarial losses	434	709
Benefits paid	(885)	(660)
Accumulated Benefit Obligation	9,215	9,342
Amounts recognized in the consolidated balance sheet:
Current liabilities	810	843
Noncurrent liabilities	8,965	8,962
	9,775	9,805
Amounts recognized in accumulated other comprehensive income:
Transition obligation	212	255
Actuarial loss	2,085	1,732
Net amount recognized	2,297	1,987
Total recognized in net periodic benefit cost and accumulated other comprehensive income:	$ 854	$ 1,139

Note 13 - Post-Employment Benefit Obligations (Details) - Components Of Net Periodic Pension Cost - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Components of Net Periodic Pension Cost:
Service cost	$ 71	$ 54	$ 47
Interest cost	350	376	420
Amortization of transition obligation	42	42	42
Amortization of other loss	81	11
Net periodic pension cost	$ 544	$ 483	$ 509

Note 13 - Post-Employment Benefit Obligations (Details) - Assumptions Used To Determine Net Periodic Pension Cost	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Assumptions used to determine net periodic pension cost:
Discount rate	3.75%	4.25%	5.00%
Increase in future compensation levels	3.00%	3.00%	3.00%

Note 13 - Post-Employment Benefit Obligations (Details) - Estimated Future Benefit Payments $ in Thousands	Nov. 30, 2013 USD ($)
Estimated Future Benefit Payments (with mortality):
Fiscal 2014	$ 810
Fiscal 2015	769
Fiscal 2016	727
Fiscal 2017	685
Fiscal 2018	645
Fiscal 2019 through 2023	$ 3,233

Note 14 - Capital Stock and Stock Compensation (Details)	1 Months Ended
	Dec. 31, 2000
Minimum [Member]
Note 14 - Capital Stock and Stock Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Maximum [Member]
Note 14 - Capital Stock and Stock Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years

Note 14 - Capital Stock and Stock Compensation (Details) - Compensation Expense Related To Restricted Stock And Stock Options Included In Selling, General And Administrative Expenses - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Compensation Expense Related To Restricted Stock And Stock Options Included In Selling, General And Administrative Expenses [Abstract]
	$ 728	$ 636	$ 426

Note 14 - Capital Stock and Stock Compensation (Details) - Stock Option Valuation Assumptions	12 Months Ended
	Nov. 26, 2011
Minimum [Member]
Note 14 - Capital Stock and Stock Compensation (Details) - Stock Option Valuation Assumptions [Line Items]
Risk-free interest rate	2.19%
Dividend yield	0.00%
Maximum [Member]
Note 14 - Capital Stock and Stock Compensation (Details) - Stock Option Valuation Assumptions [Line Items]
Risk-free interest rate	2.49%
Dividend yield	1.50%

Note 14 - Capital Stock and Stock Compensation (Details) - Changes In Outstanding Options	12 Months Ended
	Nov. 30, 2013 $ / shares shares
Changes In Outstanding Options [Abstract]
Outstanding at November 24, 2012 \| shares	785,100
Outstanding at November 24, 2012 (in Dollars per share) \| $ / shares	$ 14.55
Exercised \| shares	(46,000)
Exercised (in Dollars per share) \| $ / shares	$ 7.10
Forfeited/Expired \| shares	(4,000)
Forfeited/Expired (in Dollars per share) \| $ / shares	$ 4.38
Outstanding at November 30, 2013 \| shares	735,100
Outstanding at November 30, 2013 (in Dollars per share) \| $ / shares	$ 15.08
Exercisable at November 30, 2013 \| shares	648,600
Exercisable at November 30, 2013 (in Dollars per share) \| $ / shares	$ 16.25

Note 14 - Capital Stock and Stock Compensation (Details) - Changes In Non-vested Options - $ / shares	12 Months Ended
	Nov. 30, 2013	Nov. 30, 2013
Employee Stock Option [Member]
Note 14 - Capital Stock and Stock Compensation (Details) - Changes In Non-vested Options [Line Items]
Number of shares outstanding	154,250
Weighted average grant date fair value per share (in Dollars per share)	$ 6.00
Number of shares vested	(63,750)
Weighted average grant date fair value per share, vested (in Dollars per share)	$ 5.69
NumberOfSharesVestedForfeited	4,000
Weighted average grant date fair value per share, forfeited (in Dollars per share)	$ 4.38
Number of shares outstanding	154,250	86,500
Weighted average grant date fair value per share (in Dollars per share)	$ 6.31
Restricted Stock [Member]
Note 14 - Capital Stock and Stock Compensation (Details) - Changes In Non-vested Options [Line Items]
Number of shares outstanding	138,782
Weighted average grant date fair value per share (in Dollars per share)	$ 7.15
Number of shares granted	81,295
Weighted average grant date fair value per share, granted (in Dollars per share)	$ 16.54
Number of shares vested	(52,184)
Weighted average grant date fair value per share, vested (in Dollars per share)	$ 5.74
NumberOfSharesVestedForfeited	2,000
Weighted average grant date fair value per share, forfeited (in Dollars per share)	$ 4.38
Number of shares outstanding	138,782	165,893
Weighted average grant date fair value per share (in Dollars per share)	$ 12.23

Note 14 - Capital Stock and Stock Compensation (Details) - Additional Information Regarding Outstanding Stock Options $ / shares in Units, $ in Thousands	12 Months Ended
	Nov. 30, 2013 USD ($) $ / shares shares
Range of $3.23 - $6.45 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price range, lower range limit	$ 3.23
Exercise price range, upper range limit	$ 6.45
Shares, Options outstanding (in Shares) \| shares	76,350
Weighted average remaining contractual life , Options outstanding	6 years 219 days
Weighted average exercise price, Options outstanding	$ 4.38
Shares, Options exercisable (in Shares) \| shares	35,350
Weighted average exercise price, Options exercisable	$ 4.38
Range of $6.45 - $9.67 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price range, lower range limit	6.45
Exercise price range, upper range limit	$ 9.67
Shares, Options outstanding (in Shares) \| shares	62,750
Weighted average remaining contractual life , Options outstanding	7 years 219 days
Weighted average exercise price, Options outstanding	$ 8.04
Shares, Options exercisable (in Shares) \| shares	17,250
Weighted average exercise price, Options exercisable	$ 8.02
Range of $9.68 - $12.90 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price range, lower range limit	9.68
Exercise price range, upper range limit	$ 12.90
Shares, Options outstanding (in Shares) \| shares	123,500
Weighted average remaining contractual life , Options outstanding	3 years 328 days
Weighted average exercise price, Options outstanding	$ 10.60
Shares, Options exercisable (in Shares) \| shares	123,500
Weighted average exercise price, Options exercisable	$ 10.60
Range of $12.91 - $16.13 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
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	2 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]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
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	2 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]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
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	73 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	735,100
Shares, Options exercisable (in Shares) \| shares	648,600
Aggregate intrinsic value (in Dollars) \| $	$ 2,053
Aggregate intrinsic value (in Dollars) \| $	$ 1,235

Note 14 - Capital Stock and Stock Compensation (Details) - Additional Information Regarding Activity In Stock Options - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Employee Stock Option [Member]
Note 14 - Capital Stock and Stock Compensation (Details) - Additional Information Regarding Activity In Stock Options [Line Items]
Excess tax benefits recognized as additional paid-in capital upon the exercise of options	$ 106
Total intrinsic value of options exercised	387	$ 530	$ 74
Total fair value of options vested	363	371	110
Total cash received from the exercise of options	413	$ 536	$ 81
Excess tax benefits recognized as additional paid-in capital upon the exercise of options	$ 313

Note 14 - Capital Stock and Stock Compensation (Details) - Restricted Stock Awards - $ / shares					1 Months Ended	33 Months Ended
	Apr. 01, 2013	Jul. 13, 2012	Jul. 13, 2011	Mar. 07, 2011	Jul. 17, 2013	Nov. 30, 2013
March 7, 2011 [Member]
Note 14 - Capital Stock and Stock Compensation (Details) - Restricted Stock Awards [Line Items]
Restricted shares granted				4,000
Share value at grant date per share (in Dollars per share)				$ 8.15
Restricted period (years)				109 days
July 13, 2011 Grant A [Member]
Note 14 - Capital Stock and Stock Compensation (Details) - Restricted Stock Awards [Line Items]
Restricted shares granted			79,200
Share value at grant date per share (in Dollars per share)			$ 8.02
Restricted period (years)			219 days
July 13, 2012 [Member]
Note 14 - Capital Stock and Stock Compensation (Details) - Restricted Stock Awards [Line Items]
Restricted shares granted		1,398
Share value at grant date per share (in Dollars per share)		$ 11.69
Restricted period (years)		1 year 219 days
April 1, 2013 [Member]
Note 14 - Capital Stock and Stock Compensation (Details) - Restricted Stock Awards [Line Items]
Restricted shares granted	11,295
Share value at grant date per share (in Dollars per share)	$ 15.94
Restricted period (years)	109 days
July 17, 2013 [Member]
Note 14 - Capital Stock and Stock Compensation (Details) - Restricted Stock Awards [Line Items]
Restricted shares granted					70,000
Share value at grant date per share (in Dollars per share)					$ 16.64
Restricted period (years)					4 years 219 days
Restricted shares granted						165,893

Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) $ in Thousands	3 Months Ended		12 Months Ended
	May 26, 2012 USD ($)	Feb. 25, 2012 USD ($)	Nov. 30, 2013 USD ($)	Nov. 24, 2012 USD ($)	Nov. 26, 2011 USD ($)
Bassett [Member] \| Demolition of Closed Facility [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
Restructuring, Settlement and Impairment Provisions				$ 203	$ 318
Bassett [Member] \| Write-down Of Closed Facility [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
Restructuring, Settlement and Impairment Provisions					428
Mt. Airy [Member] \| Write-down Of Closed Facility [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
Restructuring, Settlement and Impairment Provisions				385	566
Richmond [Member] \| Write-off of Leasehold Improvements [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
Restructuring, Settlement and Impairment Provisions				123
Manchester [Member] \| Write-off of Leasehold Improvements [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
Restructuring, Settlement and Impairment Provisions					190
Demolition of Closed Facility [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
Restructuring, Settlement and Impairment Provisions				588	1,312
Write-off of Leasehold Improvements [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
Restructuring, Settlement and Impairment Provisions					966
Lease Exit [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
GainLossOnContractTermination				228	1,221
Previously Closed Retail Locations [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
GainLossOnContractTermination				131	1,007
Relocation of Manchester Store [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
Restructuring, Settlement and Impairment Provisions					32
Total Non-Cash Impairment Charges [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
Restructuring Costs and Asset Impairment Charges					2,150
Lease Exit Costs and Lease Modifications [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
GainLossOnContractTermination					3,728
Modification of Lease [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
GainLossOnContractTermination					1,500
Asset Impairment and Lease Termination [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
Restructuring, Settlement and Impairment Provisions					4,790
Write Down of Idle Retail Locations [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
Restructuring, Settlement and Impairment Provisions					2,106
Write off of Tenant Improvements [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
Restructuring, Settlement and Impairment Provisions					1,847
Closed Licensee Store Lease Termination Costs [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
Restructuring, Settlement and Impairment Provisions					661
Adjustments of Previous Estimates [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) [Line Items]
Restructuring, Settlement and Impairment Provisions					176
Restructuring, Settlement and Impairment Provisions	$ 475	$ 236		711	2,500
GainLossOnContractTermination	$ (131)	$ (228)		(359)	$ (3,728)
Number of Closed Retail Locations					6
Restructuring Costs and Asset Impairment Charges				$ 711	$ 2,500
Licensee Debt Cancellation Charges					6,447
Impairment of Real Estate			$ 416		$ 4,790

Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) - Restructuring, Asset Impairment And Other Charges - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	May 26, 2012	Feb. 25, 2012	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	711	2,500
Other				32
Lease exit costs and lease modification	$ (131)	$ (228)	(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
Total charges related to restructuring, asset impairment, lease exit costs and debt cancellation included in loss from operations			$ 1,070	$ 12,675

Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) - Total Restructuring And Asset Impairment Charges By Segment - USD ($) $ in Thousands	12 Months Ended
	Nov. 24, 2012	Nov. 26, 2011
Wholesale Segment [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) - Total Restructuring And Asset Impairment Charges By Segment [Line Items]
Total restructuring and asset impairment charges	$ 719	$ 8,653
Retail Segment [Member]
Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) - Total Restructuring And Asset Impairment Charges By Segment [Line Items]
Total restructuring and asset impairment charges	351	4,022
Total restructuring and asset impairment charges	$ 1,070	$ 12,675

Note 15 - Restructuring, Asset Impairment, and Other Charges (Details) - Activity Related To Accrued Lease Exit Costs - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012
Activity Related To Accrued Lease Exit Costs [Abstract]
Balance, beginning of the year	$ 2,614	$ 4,357
Provisions associated with corporate store and retail office closures		228
Provisions made to adjust previous estimates	(176)	111
Payments on unexpired leases	(1,610)	(2,232)
Accretion of interest on obligations	79	150
Balance	907	2,614
Current portion included in other accrued liabilities	474	1,609
Long-term portion included in other long-term liabilities	$ 433	$ 1,005

Note 17 - Leases and Lease Guarantees (Details)	12 Months Ended
Note 17 - Leases and Lease Guarantees (Details)	Nov. 30, 2013
Minimum [Member]
Note 17 - Leases and Lease Guarantees (Details) [Line Items]
Operating Lease Lease Term	1 year
Renewal Term on Operating Lease	5 years
Lease Guarantees Term	1 year
Maximum [Member]
Note 17 - Leases and Lease Guarantees (Details) [Line Items]
Operating Lease Lease Term	15 years
Renewal Term on Operating Lease	15 years
Lease Guarantees Term	10 years

Note 17 - Leases and Lease Guarantees (Details) - Future Minimum Lease Payments Under Non-cancelable Operating Leases $ in Thousands	Nov. 30, 2013 USD ($)
Future Minimum Lease Payments Under Non-cancelable Operating Leases [Abstract]
Fiscal 2014	$ 18,053
Fiscal 2015	16,077
Fiscal 2016	13,089
Fiscal 2017	10,708
Fiscal 2018	8,823
Thereafter	29,671
	$ 96,421

Note 17 - Leases and Lease Guarantees (Details) - Minimum Future Rental Income $ in Thousands	Nov. 30, 2013 USD ($)
Minimum Future Rental Income [Abstract]
Fiscal 2014	$ 3,034
Fiscal 2015	2,465
Fiscal 2016	1,341
Fiscal 2017	960
Fiscal 2018	726
Thereafter	81
	$ 8,607

Note 18 - Earnings Per Share (Details) - Reconciliation Of Basic And Diluted Loss Per Share - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Nov. 30, 2013

^[1]

Aug. 31, 2013

^[2]

Jun. 01, 2013

Mar. 02, 2013

^[3]

Nov. 24, 2012

^[4]

Sep. 01, 2012

^[5]

Jun. 02, 2012

^[6]

Feb. 25, 2012

^[7]

Nov. 30, 2013

Nov. 24, 2012

Nov. 26, 2011

Numerator:

Net income (in Dollars)

$ 1,607

$ 556

$ 1,953

$ 980

$ 16,896

$ 2,371

$ 8,042

$ (596)

$ 5,096

$ 26,713

$ 55,342

Denominator:

Denominator for basic income per share - weighted average shares

10,721,652

10,992,017

11,437,291

Effect of dilutive securities

150,897

103,394

106,879

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

10,872,549

11,095,411

11,544,170

Basic income per share:

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

$ 0.15

$ 0.05

$ 0.18

$ 0.09

$ 1.57

$ 0.22

$ 0.72

$ (0.05)

$ 0.48

$ 2.43

$ 4.84

Diluted income per share:

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

$ 0.15

$ 0.05

$ 0.18

$ 0.09

$ 1.55

$ 0.21

$ 0.71

$ (0.05)

$ 0.47

$ 2.41

$ 4.79

Stock options

472,500

622,500

924,464

Unvested restricted shares

81,295

12,582

94,960

Total anti-dilutive securities

553,795

635,082

1,019,424

[1]	Includes $416 charge for impairment related to our investment property located in Henderson, Nevada. See Note 15 for further details
[2]	Includes $221 of tax benefit from the expiration of the statute of limitations on certain previously unrecognized tax benefits - see Note 11 for further information.
[3]	The first quarter of fiscal 2013 included 14 weeks as compared with 13 weeks for the first quarter of 2012. On an average weekly basis, net sales for the first quarter of fiscal 2013 were $5,704 per week as compared with $4,690 per week for the first quarter of fiscal 2012.
[4]	Includes $15,907 of tax benefit from release of deferred tax asset valuation reserves - see Note 11 for further information.
[5]	Includes $1,205 of tax benefit from partial release of deferred tax asset valuation reserves - see Note 11 for further information.
[6]	Includes $9,010 of income from the final CDSOA distribution - see Note 8 for further details. Also includes restructuring and asset impairment charges of $475 and lease exit costs of $131 - see Note 15 for further details. Also includes $1,592 of tax benefit from partial release of deferred tax asset valuation reserves - see Note 11 for further information.
[7]	Includes restructuring and asset impairment charges of $236 and lease exit costs of $228 - see Note 15 for further details. Also includes $806 charge for other than temporary impairment to our investment in Fortress - see Note 7 for further details.

Note 19 - Segment Information (Details)	12 Months Ended
Note 19 - Segment Information (Details)	Nov. 30, 2013
Segment Reporting [Abstract]
Number of Reportable Segments	3

Note 19 - Segment Information (Details) - Segment Information For Each Of Last Three Fiscal Years - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Nov. 30, 2013

Aug. 31, 2013

^[2]

Jun. 01, 2013

Mar. 02, 2013

^[3]

Nov. 24, 2012

Sep. 01, 2012

^[5]

Jun. 02, 2012

^[6]

May 26, 2012

Feb. 25, 2012

Nov. 30, 2013

Nov. 24, 2012

Nov. 26, 2011

Operating Segments [Member] | Wholesale Segment [Member]

Net Sales

Net sales

$ 215,451

$ 185,187

$ 177,372

Income (loss) from Operations

Income (loss) from operations

10,883

7,500

(4,394)

Restructuring and asset impairment charges

Restructuring and asset impairment charges

(588)

(1,311)

Depreciation and Amortization

Depreciation and amortization

1,342

1,171

1,246

Capital Expenditures

Capital expenditures

3,839

3,092

690

Identifiable Assets

Identifiable assets

$ 109,958

$ 145,861

109,958

145,861

142,361

Operating Segments [Member] | Retail Segment [Member]

Net Sales

Net sales

199,380

171,633

147,961

Income (loss) from Operations

Income (loss) from operations

(1,452)

(2,067)

(4,495)

Restructuring and asset impairment charges

Restructuring and asset impairment charges

(123)

(1,189)

Depreciation and Amortization

Depreciation and amortization

4,372

3,760

3,421

Capital Expenditures

Capital expenditures

10,846

5,898

3,478

Identifiable Assets

Identifiable assets

77,331

68,583

77,331

68,583

60,811

Operating Segments [Member] | Investments or Real Estate [Member]

Depreciation and Amortization

Depreciation and amortization

484

542

847

Capital Expenditures

Capital expenditures

Identifiable Assets

Identifiable assets

38,560

12,736

38,560

12,736

20,002

Intersegment Eliminations [Member]

Net Sales

Net sales

(93,545)

(87,148)

(72,125)

Income (loss) from Operations

Income (loss) from operations

574

717

942

Net sales

83,062

^[1]

$ 77,152

$ 81,223

$ 79,849

76,812

^[4]

$ 64,438

$ 67,454

$ 60,968

^[7]

321,286

269,672

253,208

Income (loss) from operations

10,005

5,080

(20,622)

Restructuring and asset impairment charges

Restructuring and asset impairment charges

$ (475)

(236)

(711)

(2,500)

Licensee debt cancellation charges

(6,447)

Lease exit costs

$ (131)

$ (228)

(359)

(3,728)

Depreciation and Amortization

Depreciation and amortization

6,198

5,473

5,514

Capital Expenditures

Capital expenditures

14,685

9,000

4,168

Identifiable Assets

Identifiable assets

$ 225,849

$ 227,180

$ 225,849

$ 227,180

$ 223,174

[1]	Includes $416 charge for impairment related to our investment property located in Henderson, Nevada. See Note 15 for further details
[2]	Includes $221 of tax benefit from the expiration of the statute of limitations on certain previously unrecognized tax benefits - see Note 11 for further information.
[3]	The first quarter of fiscal 2013 included 14 weeks as compared with 13 weeks for the first quarter of 2012. On an average weekly basis, net sales for the first quarter of fiscal 2013 were $5,704 per week as compared with $4,690 per week for the first quarter of fiscal 2012.
[4]	Includes $15,907 of tax benefit from release of deferred tax asset valuation reserves - see Note 11 for further information.
[5]	Includes $1,205 of tax benefit from partial release of deferred tax asset valuation reserves - see Note 11 for further information.
[6]	Includes $9,010 of income from the final CDSOA distribution - see Note 8 for further details. Also includes restructuring and asset impairment charges of $475 and lease exit costs of $131 - see Note 15 for further details. Also includes $1,592 of tax benefit from partial release of deferred tax asset valuation reserves - see Note 11 for further information.
[7]	Includes restructuring and asset impairment charges of $236 and lease exit costs of $228 - see Note 15 for further details. Also includes $806 charge for other than temporary impairment to our investment in Fortress - see Note 7 for further details.

Note 19 - Segment Information (Details) - Breakdown Of Wholesale Sales By Product Category - Sales Revenue, Product Line [Member]	12 Months Ended
	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Wood [Member]
Note 19 - Segment Information (Details) - Breakdown Of Wholesale Sales By Product Category [Line Items]
Percent of wholesale sales	41.00%	43.00%	44.00%
Upholstery [Member]
Note 19 - Segment Information (Details) - Breakdown Of Wholesale Sales By Product Category [Line Items]
Percent of wholesale sales	59.00%	57.00%	56.00%
Percent of wholesale sales	100.00%	100.00%	100.00%

Note 20 - Quarterly Results of Operations (Unaudited) (Details) - USD ($) $ in Thousands	3 Months Ended						12 Months Ended
	Nov. 30, 2013	Aug. 31, 2013	Nov. 24, 2012	Aug. 25, 2012	May 26, 2012	Feb. 25, 2012	Nov. 30, 2013	Nov. 24, 2012	Nov. 26, 2011
Quarterly Financial Information Disclosure [Abstract]
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations		$ 221					$ 132	$ 284
Other than Temporary Impairment Losses, Investments	$ 416					$ 806
Restructuring, Settlement and Impairment Provisions					$ 475	236		711	$ 2,500
GainLossOnContractTermination					(131)	$ (228)		(359)	(3,728)
Income from Continued Dumping and Subsidy Offset Act					9,010			9,010	765
Income Tax Expense (Benefit)			$ (15,907)	$ (1,205)	$ (1,592)		$ 3,091	$ (14,699)	$ 4,409

Note 20 - Quarterly Results of Operations (Unaudited) (Details) - Quarterly Results Of Operations (Unaudited) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Nov. 30, 2013

^[1]

Aug. 31, 2013

^[2]

Jun. 01, 2013

Mar. 02, 2013

^[3]

Nov. 24, 2012

^[4]

Sep. 01, 2012

^[5]

Jun. 02, 2012

^[6]

Feb. 25, 2012

^[7]

Nov. 30, 2013

Nov. 24, 2012

Nov. 26, 2011

Quarterly Results Of Operations (Unaudited) [Abstract]

Net sales

$ 83,062

$ 77,152

$ 81,223

$ 79,849

$ 76,812

$ 64,438

$ 67,454

$ 60,968

$ 321,286

$ 269,672

$ 253,208

Gross profit

44,085

38,723

41,826

41,360

40,172

33,818

35,661

31,671

165,994

141,322

127,566

Net income

$ 1,607

$ 556

$ 1,953

$ 980

$ 16,896

$ 2,371

$ 8,042

$ (596)

$ 5,096

$ 26,713

$ 55,342

Basic earnings per share (in Dollars per share)

$ 0.15

$ 0.05

$ 0.18

$ 0.09

$ 1.57

$ 0.22

$ 0.72

$ (0.05)

$ 0.48

$ 2.43

$ 4.84

Diluted earnings per share (in Dollars per share)

$ 0.15

$ 0.05

$ 0.18

$ 0.09

$ 1.55

$ 0.21

$ 0.71

$ (0.05)

$ 0.47

$ 2.41

$ 4.79

[1]	Includes $416 charge for impairment related to our investment property located in Henderson, Nevada. See Note 15 for further details
[2]	Includes $221 of tax benefit from the expiration of the statute of limitations on certain previously unrecognized tax benefits - see Note 11 for further information.
[3]	The first quarter of fiscal 2013 included 14 weeks as compared with 13 weeks for the first quarter of 2012. On an average weekly basis, net sales for the first quarter of fiscal 2013 were $5,704 per week as compared with $4,690 per week for the first quarter of fiscal 2012.
[4]	Includes $15,907 of tax benefit from release of deferred tax asset valuation reserves - see Note 11 for further information.
[5]	Includes $1,205 of tax benefit from partial release of deferred tax asset valuation reserves - see Note 11 for further information.
[6]	Includes $9,010 of income from the final CDSOA distribution - see Note 8 for further details. Also includes restructuring and asset impairment charges of $475 and lease exit costs of $131 - see Note 15 for further details. Also includes $1,592 of tax benefit from partial release of deferred tax asset valuation reserves - see Note 11 for further information.
[7]	Includes restructuring and asset impairment charges of $236 and lease exit costs of $228 - see Note 15 for further details. Also includes $806 charge for other than temporary impairment to our investment in Fortress - see Note 7 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 + 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 (Details) - Analysis Of Valuation And Qualifying Accounts - USD ($)
$ in Thousands

12 Months Ended

Nov. 30, 2013

Nov. 24, 2012

Nov. 26, 2011

Nov. 30, 2013

Allowance for Doubtful Accounts [Member]

Reserve deducted from assets to which it applies

Balance

$ 1,789

$ 2,092

$ 7,366

Additions Charged to Cost and Expenses

361

377

8,778

Deductions

(543)

(680)

(14,052)

^[1]

Balance

1,789

2,092

7,366

$ 1,607

Allowance for Notes Receivable [Member]

Reserve deducted from assets to which it applies

Balance

4,139

4,140

6,748

Additions Charged to Cost and Expenses

(1)

4,684

Deductions

^[1]

(7,292)

Balance

4,139

4,140

6,748

4,139

Lease and Loan Guarantees [Member]

Reserve deducted from assets to which it applies

Balance

347

508

2,304

Additions Charged to Cost and Expenses

(41)

1,282

Deductions

(212)

(120)

(3,078)

^[1]

Balance

347

508

2,304

175

Lease Exit [Member]

Reserve deducted from assets to which it applies

Balance

2,614

4,357

2,847

Additions Charged to Cost and Expenses

(97)

489

5,058

Deductions

(1,610)

(2,232)

(3,548)

^[1]

Balance

2,614

4,357

2,847

907

Income Tax Valuation Allowance [Member]

Reserve deducted from assets to which it applies

Balance

908

19,612

36,806

Additions Charged to Cost and Expenses

136

Deductions

(18,704)

(17,464)

^[1]

Other

^[2]

270

^[3]

Balance

$ 908

$ 19,612

$ 36,806

$ 1,044

[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
Deferred Revenue	us-gaap_DeferredRevenue	$ 1,678,000
Percentage of LIFO Inventory	us-gaap_PercentageOfLIFOInventory	17.00%
Percentage of LIFO Inventory	us-gaap_PercentageOfLIFOInventory	18.00%
NonCashConsiderationGivenForStoreAcquisition	bset_NonCashConsiderationGivenForStoreAcquisition	$ 1,592,000
NonCashConsiderationGivenForStoreAcquisition	bset_NonCashConsiderationGivenForStoreAcquisition	2,298,000
Marketable Securities, Realized Gain (Loss), Excluding Other than Temporary Impairments	us-gaap_MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments	453,000
Marketable Securities, Realized Gain (Loss), Excluding Other than Temporary Impairments	us-gaap_MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments	$ 163,000
Expected volatility	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	60.00%
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	$ 218,000
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent	us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent	85.00%
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTerm	bset_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTerm	10 years
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	$ 1,243,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized	500,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized	500,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	500,000
Marketable Securities, Gain (Loss), Excluding Other than Temporary Impairments	us-gaap_MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments	$ 313,000
Deferred Costs	us-gaap_DeferredCostsCurrentAndNoncurrent	$ 1,175,000
NumberOfMajorLicensees	bset_NumberOfMajorLicensees	2
NumberOfMajorLicensees	bset_NumberOfMajorLicensees	1
Assets Held-for-sale, Long Lived	us-gaap_AssetsHeldForSaleLongLived	$ 1,401,000
PercentOfAggregateRiskExposureNetOfReservesAttributableToMajorLicensees	bset_PercentOfAggregateRiskExposureNetOfReservesAttributableToMajorLicensees	27.00%
PercentOfAggregateRiskExposureNetOfReservesAttributableToMajorLicensees	bset_PercentOfAggregateRiskExposureNetOfReservesAttributableToMajorLicensees	12.00%
Weighted average fair value of options on grant date (in Dollars per share)	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	$ 4.19
Shares Paid for Tax Withholding for Share Based Compensation	us-gaap_SharesPaidForTaxWithholdingForShareBasedCompensation	11,550
Weighted Average Rate Domestic Deposit, Certificates of Deposit	us-gaap_WeightedAverageRateDomesticDepositCertificatesOfDeposit	0.224%
Operating Leases, Rent Expense	us-gaap_LeaseAndRentalExpense	$ 18,403,000
Operating Leases, Rent Expense	us-gaap_LeaseAndRentalExpense	17,123,000
Operating Leases, Rent Expense	us-gaap_LeaseAndRentalExpense	16,406,000
Advertising Expense	us-gaap_AdvertisingExpense	14,750,000
Advertising Expense	us-gaap_AdvertisingExpense	13,296,000
Advertising Expense	us-gaap_AdvertisingExpense	10,399,000
RealEstateRentalIncomeLossNetOfExpense	bset_RealEstateRentalIncomeLossNetOfExpense	(594,000)
RealEstateRentalIncomeLossNetOfExpense	bset_RealEstateRentalIncomeLossNetOfExpense	(468,000)
RealEstateRentalIncomeLossNetOfExpense	bset_RealEstateRentalIncomeLossNetOfExpense	$ 285,000
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod	91,000
Common Stock, Capital Shares Reserved for Future Issuance	us-gaap_CommonStockCapitalSharesReservedForFutureIssuance	950,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1	4 years
Stock Issued During Period, Shares, Employee Stock Purchase Plans	us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans	38,206
Stock Issued During Period, Shares, Employee Stock Purchase Plans	us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans	42,211
Stock Issued During Period, Shares, Employee Stock Purchase Plans	us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans	39,618
Expected life of options in years	us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	6 years 3 months
Retail Real Estate [Member]
Depreciation	us-gaap_Depreciation	$ 484,000
Depreciation	us-gaap_Depreciation	501,000
Depreciation	us-gaap_Depreciation	876,000
Buildings and leasehold improvements	us-gaap_BuildingsAndImprovementsGross	11,635,000
Buildings and leasehold improvements	us-gaap_BuildingsAndImprovementsGross	12,680,000
Asset Impairment Charges	us-gaap_AssetImpairmentCharges	416,000
Asset Impairment Charges	us-gaap_AssetImpairmentCharges	3,953,000
Land	us-gaap_Land	3,502,000
Land	us-gaap_Land	4,602,000
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	4,834,000
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	4,547,000
Gain (Loss) on Investments
GainLossPreviouslyIncludedInOtherComprehensiveIncome	bset_GainLossPreviouslyIncludedInOtherComprehensiveIncome	208,000
Deliver Retail Merchandise To Customers [Member]
Shipping, Handling and Transportation Costs	us-gaap_ShippingHandlingAndTransportationCosts	10,855,000
Shipping, Handling and Transportation Costs	us-gaap_ShippingHandlingAndTransportationCosts	9,957,000
Shipping, Handling and Transportation Costs	us-gaap_ShippingHandlingAndTransportationCosts	7,452,000
Deliver Wholesale Merchandise To Customers [Member]
Shipping, Handling and Transportation Costs	us-gaap_ShippingHandlingAndTransportationCosts	15,685,000
Shipping, Handling and Transportation Costs	us-gaap_ShippingHandlingAndTransportationCosts	13,548,000
Shipping, Handling and Transportation Costs	us-gaap_ShippingHandlingAndTransportationCosts	13,680,000
Lease Obligations Of Licensee Operators [Member]
Contingent obligations under lease and loan guarantees, less amounts recognized (Note 17)	us-gaap_LossContingencyEstimateOfPossibleLoss	3,698,000
Contingent obligations under lease and loan guarantees, less amounts recognized (Note 17)	us-gaap_LossContingencyEstimateOfPossibleLoss	2,007,000
Export Sales [Member]
Revenues [Standard Label]	us-gaap_Revenues	4,603,000
Revenues [Standard Label]	us-gaap_Revenues	4,956,000
Revenues [Standard Label]	us-gaap_Revenues	5,481,000
Operating Segments [Member] \| Retail Segment [Member]
Inventory Valuation Reserves	us-gaap_InventoryValuationReserves	188,000
Operating Segments [Member] \| Wholesale Segment [Member]
Inventory Valuation Reserves	us-gaap_InventoryValuationReserves	$ 987,000
Sales Revenue, Net [Member]
NumberOfMajorCustomer	bset_NumberOfMajorCustomer	0
NumberOfMajorCustomer	bset_NumberOfMajorCustomer	0
NumberOfMajorCustomer	bset_NumberOfMajorCustomer	0
Employee Stock Option [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	2 years
Restricted Stock [Member]
Proceeds and Excess Tax Benefit from Share-based Compensation	us-gaap_ProceedsAndExcessTaxBenefitFromSharebasedCompensation	$ 207,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	5 years
Payments Related to Tax Withholding for Share-based Compensation	us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation	$ 202,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	52,184
Restricted Stock [Member] \| Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	41,000
Restricted Stock [Member] \| Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	11,184