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Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 01, 2014	Mar. 21, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	BASSETT FURNITURE INDUSTRIES INC
Document Type	10-Q
Current Fiscal Year End Date	--11-29
Entity Common Stock, Shares Outstanding		10,844,633
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	Mar. 01, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1

Condensed Consolidated Statements of Income and Retained Earnings (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 01, 2014	Mar. 02, 2013
Net sales	$ 75,647	$ 79,849
Cost of sales	35,394	38,489
Gross profit	40,253	41,360
Selling, general and administrative expenses excluding new store pre-opening costs	38,580	38,834
New store pre-opening costs	587	162
Income from operations	1,086	2,364
Other income (loss), net	285	(668)
Income before income taxes	1,371	1,696
Income tax expense	528	716
Net income	843	980
Retained earnings-beginning of period	104,526	104,319
Cash dividends	(656)	(542)
Retained earnings-end of period	$ 104,713	$ 104,757
Basic earnings per share (in Dollars per share)	$ 0.08	$ 0.09
Diluted earnings per share (in Dollars per share)	0.08	0.09
Dividends per share (in Dollars per share)	$ 0.06	$ 0.05

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 01, 2014	Mar. 02, 2013
Net income	$ 843	$ 980
Other comprehensive income:
Amortization associated with supplemental executive retirement defined benefit plan (SERP)	41	31
Income taxes related to SERP	(16)	(12)
Other comprehensive income, net of tax	25	19
Total comprehensive income	$ 868	$ 999

- 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

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 01, 2014	Nov. 30, 2013
Current assets
Cash and cash equivalents	$ 14,526	$ 12,733
Short-term investments	23,125	28,125
Accounts receivable, net	14,598	16,080
Inventories	53,845	53,069
Deferred income taxes	4,449	4,418
Other current assets	11,280	11,949
Total current assets	121,823	126,374
Property and equipment, net	69,297	64,271
Retail real estate	10,325	10,435
Deferred income taxes	10,691	10,734
Other	13,901	14,035
Total long-term assets	34,917	35,204
Total assets	226,037	225,849
Current liabilities
Accounts payable	18,638	19,892
Accrued compensation and benefits	6,973	6,503
Customer deposits	19,110	16,214
Dividends payable		2,172
Other accrued liabilities	7,022	6,660
Total current liabilities	51,743	51,441
Long-term liabilities
Post employment benefit obligations	10,732	11,146
Real estate notes payable	2,394	2,467
Other long-term liabilities	3,489	3,386
Total long-term liabilities	16,615	16,999
Stockholders’ equity
Common stock	54,225	54,297
Retained earnings	104,713	104,526
Additional paid-in capital	129
Accumulated other comprehensive loss	(1,388)	(1,414)
Total stockholders' equity	157,679	157,409
Total liabilities and stockholders’ equity	$ 226,037	$ 225,849

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 01, 2014	Mar. 02, 2013
Operating activities:
Net income	$ 843	$ 980
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	1,692	1,434
Equity in undistributed income of investments and unconsolidated affiliated companies	(65)	(114)
Deferred income taxes	12	171
Other, net	(699)	(102)
Changes in operating assets and liabilities:
Accounts receivable	1,450	860
Inventories	(776)	109
Other current assets	14	(1,120)
Customer deposits	2,896	3,702
Accounts payable and accrued liabilities	(29)	(3,952)
Net cash provided by operating activities	5,338	1,968
Investing activities:
Purchases of property and equipment	(6,899)	(2,621)
Proceeds from sales of property and equipment	1,407	955
Proceeds from sale of interest in affiliate		2,348
Proceeds from maturity of short-term investments	5,000
Other	48	2
Net cash provided by (used in) investing activities	(444)	684
Financing activities:
Cash dividends	(2,828)	(1,084)
Issuance of common stock	82	320
Repurchases of common stock	(287)	(236)
Repayments of real estate notes payable	(68)	(59)
Net cash used in financing activities	(3,101)	(1,059)
Change in cash and cash equivalents	1,793	1,593
Cash and cash equivalents - beginning of period	12,733	45,566
Cash and cash equivalents - end of period	$ 14,526	$ 47,159

Note 1 - Basis of Presentation

3 Months Ended

Mar. 01, 2014

Disclosure Text Block [Abstract]

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

1. Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete financial statements. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included.

References to “ASC” included hereinafter refer to the Accounting Standards Codification established by the Financial Accounting Standards Board as the source of authoritative GAAP.

The condensed consolidated financial statements include the accounts of Bassett Furniture Industries, Incorporated (“Bassett”, “we”, “our”, or the “Company”) and our wholly-owned subsidiaries of which we have operating control. The equity method of accounting is used for our investments in affiliated companies in which we exercise significant influence but do not maintain control. In accordance with ASC Topic 810, we have evaluated our licensees and certain other entities to determine whether they are variable interest entities (“VIEs”) of which we are the primary beneficiary and thus would require consolidation in our financial statements. To date we have concluded that none of our licensees nor any other of our counterparties represent VIEs.

Our fiscal year, which ends on the last Saturday of November, periodically results in a 53-week year instead of the normal 52 weeks. The prior fiscal year ending November 30, 2013 was a 53-week year, with the additional week being included in the first fiscal quarter. Accordingly, the information presented below includes 13 weeks of operations for the quarter ended March 1, 2014 as compared with 14 weeks included in the quarter ended March 2, 2013.

- Definition

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

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+ Details

Note 2 - Interim Financial Presentation

3 Months Ended

Mar. 01, 2014

Disclosure Text Block Supplement [Abstract]

Condensed Financial Statements [Text Block]

2. Interim Financial Presentation

All intercompany accounts and transactions have been eliminated in the condensed consolidated financial statements. The results of operations for the three months ended March 1, 2014 are not necessarily indicative of results for the full fiscal year. These interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended November 30, 2013.

We calculate an anticipated effective tax rate for the year based on our annual estimates of pretax income or loss and use that effective tax rate to record our year-to-date income tax provision. Any change in annual projections of pretax income or loss could have a significant impact on our effective tax rate for the respective quarter. Our effective tax rates for the quarters ended March 1, 2014 and March 2, 2013 differ from the federal statutory rate primarily due to the effects of state income taxes and permanent differences resulting from non-deductible expenses.

Note 3 - Accounts Receivable

3 Months Ended

Mar. 01, 2014

Receivables [Abstract]

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

3. Accounts Receivable

Accounts receivable consists of the following:

	March 1, 2014			November 30, 2013
Gross accounts receivable	$	16,149		$	17,687
Allowance for doubtful accounts		(1,551	)		(1,607	)
Accounts receivable, net	$	14,598		$	16,080

At March 1, 2014 and November 30, 2013 approximately 52% and 50%, respectively, of gross accounts receivable, and approximately 66% and 64%, respectively, of the allowance for doubtful accounts were attributable to amounts owed to us by our licensees. Our remaining receivables are primarily due from national account customers and traditional distribution channel customers.

Activity in the allowance for doubtful accounts was as follows:

	2014

Balance at November 30, 2013	$	1,607
Additions charged to expense		32
Write-offs and other deductions		(88	)
Balance at March 1, 2014	$	1,551

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 10.

- 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 4 - Inventories

3 Months Ended

Mar. 01, 2014

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

4. Inventories

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

Inventories were comprised of the following:

	March 1, 2014			November 30, 2013
Wholesale finished goods	$	27,665		$	28,450
Work in process		333			277
Raw materials and supplies		8,155			8,029
Retail merchandise		26,531			25,167
Total inventories on first-in, first-out method		62,684			61,923
LIFO adjustment		(7,488	)		(7,561	)
Reserve for excess and obsolete inventory		(1,351	)		(1,293	)
	$	53,845		$	53,069

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

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

	Wholesale Segment			Retail Segment			Total

Balance at November 30, 2013	$	1,001		$	292		$	1,293
Additions charged to expense		407			93			500
Write-offs		(389	)		(53	)		(442	)
Balance at March 1, 2014	$	1,019		$	332		$	1,351

Our estimates and assumptions have been reasonably accurate in the past. We have not made any significant changes to our methodology for determining inventory reserves in 2014 and do not anticipate that our methodology is likely to change in the future.

Note 5 - Unconsolidated Affiliated Companies

3 Months Ended

Mar. 01, 2014

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]

5. Unconsolidated Affiliated Companies

We own 49% of Zenith Freight Lines, LLC, (“Zenith”) which provides domestic transportation and warehousing services primarily to furniture manufacturers and distributors and also provides home delivery services to furniture retailers. We have contracted with Zenith to provide for substantially all of our domestic freight, transportation and warehousing needs for the wholesale business. In addition, Zenith provides home delivery services for several of our Company-owned retail stores. Our investment in Zenith was $7,318 and $7,254 at March 1, 2014 and November 30, 2013, respectively. At March 1, 2014 and November 30, 2013, we owed Zenith $2,025 and $2,580, respectively, for services rendered to us. We believe the transactions with Zenith are at current market rates. We recorded the following income from Zenith in other income (loss), net, in our condensed consolidated statements of income:

	Quarter Ended
	March 1, 2014		March 2, 2013
Earnings recognized	$	65	$	114

In connection with the sale of our interest in IHFC on May 2, 2011, $2,348 remained held in escrow at both March 1, 2014 and November 30, 2013, representing the second half of the amount originally placed in escrow to indemnify the purchaser with respect to various contingencies. The first half of this escrow was released to us during the first quarter of fiscal 2013, with the remainder, provided it is not used for contingencies, being due for release to us during 2014 following the third anniversary of the sale. The escrow receivable from the sale of IHFC is included in other current assets in our condensed consolidated balance sheets.

Note 6 - Real Estate Notes Payable and Bank Credit Facility

3 Months Ended

Mar. 01, 2014

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

6. Real Estate Notes Payable and Bank Credit Facility

Real Estate Notes Payable

The real estate notes payable are summarized as follows:

	March 1, 2014			November 30, 2013
Real estate notes payable	$	2,678		$	2,746
Less:
Current portion of real estate notes payable		(284	)		(279	)
	$	2,394		$	2,467

Certain of our retail real estate properties have been financed through commercial mortgages with interest rates of 6.73%. These mortgages are collateralized by the respective properties with net book values totaling approximately $6,228 and $6,262 at March 1, 2014 and November 30, 2013, respectively. The portion of these mortgages due within one year, $284 and $279 as of March 1, 2014 and November 30, 2013, respectively, is included in other current liabilities in the accompanying condensed consolidated balance sheets. The long-term portion, $2,394 and $2,467 as of March 1, 2014 and November 30, 2013, respectively, is presented as real estate notes payable in the condensed consolidated balance sheets.

The fair value of these mortgages was $2,616 and $2,684 at March 1, 2014 and November 30, 2013, 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 10.

Bank Credit Facility

Our credit facility with our bank provides for a line of credit of up to $15,000 and is secured by our accounts receivable and inventory. The facility contains covenants requiring us to maintain certain key financial ratios. We are in compliance with all covenants under the agreement and expect to remain in compliance for the foreseeable future.

At March 1, 2014, we had $1,366 outstanding under standby letters of credit, leaving availability under our credit line of $13,634.

Note 7 - Contingencies

3 Months Ended

Mar. 01, 2014

Disclosure Text Block Supplement [Abstract]

Legal Matters and Contingencies [Text Block]

7. Contingencies

We are involved in various legal and environmental matters, which arise in the normal course of business. Although the final outcome of these matters cannot be determined, based on the facts presently known, we believe that the final resolution of these matters will not have a material adverse effect on our financial position or future results of operations.

During fiscal 2012, the U.S. Customs and Border Protection (“Customs”) made a distribution to us of $9,010 representing our share of the final distribution of duties that have been withheld by Customs under the Continued Dumping and Subsidy Offset Act of 2000 (“CDSOA”). We have received annual distributions in past years under the CDSOA as a result of our support of an antidumping petition on imports of wooden bedroom furniture from China. 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 was denied. The Non-Supporting Producers have until April 4, 2014 to file a petition for a writ of certiorari with the U.S. Supreme Court. If the Supreme Court were to accept such petitions for certiorari review and thereafter to reverse the decisions of the Federal Circuit and determine that the Non-Supporting Producers were entitled to CDSOA distributions, 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.

We lease land and buildings that are used in the operation of our Company-owned retail stores as well as in the operation of certain of our licensee-owned stores. We had obligations of $100,947 and $96,421 at March 1, 2014 and November 30, 2013, respectively, for future minimum lease payments under non-cancelable operating leases having initial terms in excess of one year.

We also have guaranteed certain lease obligations of licensee operators. Lease guarantees range from one to ten years. We were contingently liable under licensee lease obligation guarantees in the amount of $3,578 and $3,698 at March 1, 2014 and November 30, 2013, 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 (primarily inventory), and pursuing payment under the personal guarantees of the independent dealer. The proceeds of the above options are expected to cover the estimated amount of our future payments under the guarantee obligations, net of recorded reserves. The fair value of lease guarantees (an estimate of the cost to the Company to perform on these guarantees) at March 1, 2014 and November 30, 2013 was not material.

Note 8 - Post Employment Benefit Obligations

3 Months Ended

Mar. 01, 2014

Postemployment Benefits [Abstract]

Postemployment Benefits Disclosure [Text Block]

8. Post Employment Benefit Obligations

We have an unfunded Supplemental Retirement Income Plan (the “Supplemental Plan”) that covers one current and certain former executives. The liability for this plan was $9,516 and $9,775 as of March 1, 2014 and November 30, 2013, respectively, and is recorded as follows in the condensed consolidated balance sheets:

	March 1, 2014		November 30, 2013
Accrued compensation and benefits	$	810	$	810
Post employment benefit obligations		8,706		8,965

Total pension liability	$	9,516	$	9,775

Components of net periodic pension costs are as follows:

	Quarter Ended
	March 1, 2014		March 2, 2013
Service cost	$	20	$	18
Interest cost		93		87
Amortization of transition obligation		11		11
Amortization of loss		30		20

Net periodic pension cost	$	154	$	136

We have an unfunded Deferred Compensation Plan that covers one current executive and certain former executives and provides for voluntary deferral of compensation. This plan has been frozen with no additional participants or deferrals permitted. We recognized expense of $72 for each of the quarters ended March 1, 2014 and March 2, 2013. Our liability under this plan was $2,549 and $2,555 as of March 1, 2014 and November 30, 2013, respectively, and is recorded as follows in the condensed consolidated balance sheets:

	March 1, 2014		November 30, 2013
Accrued compensation and benefits	$	523	$	373
Post employment benefit obligations		2,026		2,182

Total pension liability	$	2,549	$	2,555

Note 9 - Earnings Per Share

3 Months Ended

Mar. 01, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

9. Earnings Per Share

The following reconciles basic and diluted earnings per share:

	Net Income		Weighted Average Shares		Net Income Per Share
For the quarter ended March 1, 2014:

Basic earnings per share	$	843		10,691,646	$	0.08
Add effect of dilutive securities:
Options and restricted shares		-		151,157		-
Diluted earnings per share	$	843		10,842,803	$	0.08

For the quarter ended March 2, 2013:

Basic earnings per share	$	980		10,698,626	$	0.09
Add effect of dilutive securities:
Options and restricted shares		-		157,259		-
Diluted earnings per share	$	980		10,855,885	$	0.09

For the three months ended March 1, 2014 and March 2, 2013, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	Quarter Ended
	March 1, 2014		March 2, 2013
Stock options		207,500		472,500
Unvested performance shares		54,000		-

Total anti-dilutive securities		261,500		472,500

Note 10 - Financial Instruments and Fair Value Measurements

3 Months Ended

Mar. 01, 2014

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

10. Financial Instruments 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 of $23,125 and $28,125 at March 1, 2014 and November 30, 2013, respectfully, consisted of certificates of deposit (CDs) with original terms generally ranging from six to twelve months, bearing interest at rates ranging from 0.12% to 1.00%. At March 1, 2014, the weighted average remaining time to maturity of the CDs was approximately four months and the weighted average yield of the CDs was approximately 0.252%. 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 March 1, 2014 and November 30, 2013 approximates their fair value.

We hold an investment in the Fortress Value Recovery Fund I, LLC (“Fortress”). 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 during the year ended November 24, 2012. During the quarter ended March 1, 2014, we recognized a $140 gain resulting from the partial liquidation of Fortress which is included in other income, net in our consolidated statement of income. The timing and amount of future receipts, if any, from the liquidation of Fortress, remain uncertain, and will be recognized as gains in other income if and when notification of a distribution is received.

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 6) involves 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 11 - Accured Lease Exit Costs

3 Months Ended

Mar. 01, 2014

Accrued Lease Exit Costs [Abstract]

Accrued Lease Exit Costs [Text Block]

11. Accrued Lease Exit Costs

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

Balance at November 30, 2013	$	907

Payments on unexpired leases		(264	)
Accretion of interest on obligations and other		15

Balance at March 1, 2014	$	658

Current portion included in other accrued liabilities	$	260
Long-term portion included in other long-term liabilities		398
	$	658

Note 12 - Recent Accounting Pronouncements

3 Months Ended

Mar. 01, 2014

Disclosure Text Block [Abstract]

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

12. Recent Accounting Pronouncements

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 13 - Segment Information

3 Months Ended

Mar. 01, 2014

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

13. 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 fiscal 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.

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 our segment information:

	Quarter Ended
	March 1, 2014			March 2, 2013
Net Sales
Wholesale	$	51,086		$	53,960
Retail - Company-owned stores		47,124			49,957
Inter-company elimination		(22,563	)		(24,068	)
Consolidated	$	75,647		$	79,849

Income (loss) from Operations
Wholesale	$	2,348		$	3,001
Retail - Company-owned stores		(1,772	)		(571	)
Inter-company elimination		510			(66	)
Consolidated	$	1,086		$	2,364

Depreciation and Amortization
Wholesale	$	325		$	341
Retail - Company-owned stores		1,257			967
Investments and real estate		110			126
Consolidated	$	1,692		$	1,434

Capital Expenditures
Wholesale	$	1,437		$	648
Retail - Company-owned stores		5,462			1,973
Investments and real estate		-			-
Consolidated	$	6,899		$	2,621

	As of		As of
	March 1, 2014		November 30, 2013
Identifiable Assets
Wholesale	$	107,957	$	109,958
Retail - Company-owned stores		84,630		77,331
Investments and real estate		33,450		38,560
Consolidated	$	226,037	$	225,849

- 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
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-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
-Topic 280
-SubTopic 10
-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
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-Paragraph 10
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 31
-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
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

Note 3 - Accounts Receivable (Tables)

3 Months Ended

Mar. 01, 2014

Receivables [Abstract]

Schedule of Accounts Receivable [Table Text Block]

	March 1, 2014			November 30, 2013
Gross accounts receivable	$	16,149		$	17,687
Allowance for doubtful accounts		(1,551	)		(1,607	)
Accounts receivable, net	$	14,598		$	16,080

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

	2014

Balance at November 30, 2013	$	1,607
Additions charged to expense		32
Write-offs and other deductions		(88	)
Balance at March 1, 2014	$	1,551

Note 4 - Inventories (Tables)

3 Months Ended

Mar. 01, 2014

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

	March 1, 2014			November 30, 2013
Wholesale finished goods	$	27,665		$	28,450
Work in process		333			277
Raw materials and supplies		8,155			8,029
Retail merchandise		26,531			25,167
Total inventories on first-in, first-out method		62,684			61,923
LIFO adjustment		(7,488	)		(7,561	)
Reserve for excess and obsolete inventory		(1,351	)		(1,293	)
	$	53,845		$	53,069

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

	Wholesale Segment			Retail Segment			Total

Balance at November 30, 2013	$	1,001		$	292		$	1,293
Additions charged to expense		407			93			500
Write-offs		(389	)		(53	)		(442	)
Balance at March 1, 2014	$	1,019		$	332		$	1,351

Note 5 - Unconsolidated Affiliated Companies (Tables)

3 Months Ended

Mar. 01, 2014

Zenith Freight Lines [Member]

Note 5 - Unconsolidated Affiliated Companies (Tables) [Line Items]

Equity Method Investments [Table Text Block]

	Quarter Ended
	March 1, 2014		March 2, 2013
Earnings recognized	$	65	$	114

Note 6 - Real Estate Notes Payable and Bank Credit Facility (Tables)

3 Months Ended

Mar. 01, 2014

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

	March 1, 2014			November 30, 2013
Real estate notes payable	$	2,678		$	2,746
Less:
Current portion of real estate notes payable		(284	)		(279	)
	$	2,394		$	2,467

Note 8 - Post Employment Benefit Obligations (Tables)

3 Months Ended

Mar. 01, 2014

Postemployment Benefits [Abstract]

Schedule of Pension Liability [Table Text Block]

	March 1, 2014		November 30, 2013
Accrued compensation and benefits	$	810	$	810
Post employment benefit obligations		8,706		8,965

Total pension liability	$	9,516	$	9,775

	March 1, 2014		November 30, 2013
Accrued compensation and benefits	$	523	$	373
Post employment benefit obligations		2,026		2,182

Total pension liability	$	2,549	$	2,555

Schedule of Net Benefit Costs [Table Text Block]

	Quarter Ended
	March 1, 2014		March 2, 2013
Service cost	$	20	$	18
Interest cost		93		87
Amortization of transition obligation		11		11
Amortization of loss		30		20

Net periodic pension cost	$	154	$	136

Note 9 - Earnings Per Share (Tables)

3 Months Ended

Mar. 01, 2014

Earnings Per Share [Abstract]

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

	Net Income		Weighted Average Shares		Net Income Per Share
For the quarter ended March 1, 2014:

Basic earnings per share	$	843		10,691,646	$	0.08
Add effect of dilutive securities:
Options and restricted shares		-		151,157		-
Diluted earnings per share	$	843		10,842,803	$	0.08

For the quarter ended March 2, 2013:

Basic earnings per share	$	980		10,698,626	$	0.09
Add effect of dilutive securities:
Options and restricted shares		-		157,259		-
Diluted earnings per share	$	980		10,855,885	$	0.09

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

	Quarter Ended
	March 1, 2014		March 2, 2013
Stock options		207,500		472,500
Unvested performance shares		54,000		-

Total anti-dilutive securities		261,500		472,500

Note 11 - Accured Lease Exit Costs (Tables)

3 Months Ended

Mar. 01, 2014

Accrued Lease Exit Costs [Abstract]

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

Balance at November 30, 2013	$	907

Payments on unexpired leases		(264	)
Accretion of interest on obligations and other		15

Balance at March 1, 2014	$	658

Current portion included in other accrued liabilities	$	260
Long-term portion included in other long-term liabilities		398
	$	658

Note 13 - Segment Information (Tables)

3 Months Ended

Mar. 01, 2014

Assets [Member]

Note 13 - Segment Information (Tables) [Line Items]

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

	As of		As of
	March 1, 2014		November 30, 2013
Identifiable Assets
Wholesale	$	107,957	$	109,958
Retail - Company-owned stores		84,630		77,331
Investments and real estate		33,450		38,560
Consolidated	$	226,037	$	225,849

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

	Quarter Ended
	March 1, 2014			March 2, 2013
Net Sales
Wholesale	$	51,086		$	53,960
Retail - Company-owned stores		47,124			49,957
Inter-company elimination		(22,563	)		(24,068	)
Consolidated	$	75,647		$	79,849

Income (loss) from Operations
Wholesale	$	2,348		$	3,001
Retail - Company-owned stores		(1,772	)		(571	)
Inter-company elimination		510			(66	)
Consolidated	$	1,086		$	2,364

Depreciation and Amortization
Wholesale	$	325		$	341
Retail - Company-owned stores		1,257			967
Investments and real estate		110			126
Consolidated	$	1,692		$	1,434

Capital Expenditures
Wholesale	$	1,437		$	648
Retail - Company-owned stores		5,462			1,973
Investments and real estate		-			-
Consolidated	$	6,899		$	2,621

Note 3 - Accounts Receivable (Details)	Mar. 01, 2014	Nov. 30, 2013
Receivables [Abstract]
Percent of Gross Accounts Receivable Attributable to Amounts Owed by Licensees	52.00%	50.00%
Percent of Allowance for Doubtful Accounts Attributable to Amounts Owed by Licensees	66.00%	64.00%

Note 3 - Accounts Receivable (Details) - Accounts Receivable - USD ($) $ in Thousands	Mar. 01, 2014	Nov. 30, 2013
Accounts Receivable [Abstract]
Gross accounts receivable	$ 16,149	$ 17,687
Allowance for doubtful accounts	(1,551)	(1,607)
Accounts receivable, net	$ 14,598	$ 16,080

Note 3 - Accounts Receivable (Details) - Activity in the Allowance for Doubtful Accounts $ in Thousands	3 Months Ended
	Mar. 01, 2014 USD ($)
Activity in the Allowance for Doubtful Accounts [Abstract]
Balance at November 30, 2013	$ 1,607
Additions charged to expense	32
Write-offs and other deductions	(88)
Balance at March 1, 2014	$ 1,551

Note 4 - Inventories (Details) - Inventories - USD ($) $ in Thousands	Mar. 01, 2014	Nov. 30, 2013
Inventories [Abstract]
Wholesale finished goods	$ 27,665	$ 28,450
Work in process	333	277
Raw materials and supplies	8,155	8,029
Retail merchandise	26,531	25,167
Total inventories on first-in, first-out method	62,684	61,923
LIFO adjustment	(7,488)	(7,561)
Reserve for excess and obsolete inventory	(1,351)	(1,293)
	$ 53,845	$ 53,069

Note 4 - Inventories (Details) - Activity in the Reserves for Excess Quantities and Obsolete Inventory by Segment $ in Thousands	3 Months Ended
	Mar. 01, 2014 USD ($)
Wholesale Segment [Member]
Note 4 - Inventories (Details) - Activity in the Reserves for Excess Quantities and Obsolete Inventory by Segment [Line Items]
Balance at November 30, 2013	$ 1,001
Additions charged to expense	407
Write-offs	(389)
Balance at March 1, 2014	1,019
Retail Segment [Member]
Note 4 - Inventories (Details) - Activity in the Reserves for Excess Quantities and Obsolete Inventory by Segment [Line Items]
Balance at November 30, 2013	292
Additions charged to expense	93
Write-offs	(53)
Balance at March 1, 2014	332
Balance at November 30, 2013	1,293
Additions charged to expense	500
Write-offs	(442)
Balance at March 1, 2014	$ 1,351

Note 5 - Unconsolidated Affiliated Companies (Details) - USD ($) $ in Thousands	Mar. 01, 2014	Nov. 30, 2013
Zenith Freight Lines [Member]
Note 5 - Unconsolidated Affiliated Companies (Details) [Line Items]
Equity Method Investment, Ownership Percentage	49.00%
Equity Method Investments	$ 7,318	$ 7,254
Due to Affiliate	2,025	2,580
Indemnification Escrow Receivable	$ 2,348	$ 2,348

- Definition

Amount of payable due to an entity that is affiliated with the reporting entity by means of direct or indirect ownership.

+ References + Details

Note 5 - Unconsolidated Affiliated Companies (Details) - Income from Zenith - USD ($) $ in Thousands	3 Months Ended
	Mar. 01, 2014	Mar. 02, 2013
Zenith Freight Lines [Member] \| Earnings Recognized [Member]
Schedule of Equity Method Investments [Line Items]
Earnings recognized	$ 65	$ 114

Note 6 - Real Estate Notes Payable and Bank Credit Facility (Details) - USD ($) $ in Thousands	Mar. 01, 2014	Nov. 30, 2013
Financed Through Commercial Mortgages [Member]
Note 6 - Real Estate Notes Payable and Bank Credit Facility (Details) [Line Items]
Real Estate Investment Property, Net	$ 6,228	$ 6,262
Debt Instrument, Interest Rate, Stated Percentage	6.73%
Real Estate Investment Property, Net	$ 10,325	10,435
Secured Debt, Current	284	279
Secured Long-term Debt, Noncurrent	2,394	2,467
Loans Payable, Fair Value Disclosure	2,616	$ 2,684
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

Note 6 - Real Estate Notes Payable and Bank Credit Facility (Details) - Real Estate Notes Payable - USD ($) $ in Thousands	Mar. 01, 2014	Nov. 30, 2013
Real Estate Notes Payable [Abstract]
Real estate notes payable	$ 2,678	$ 2,746
Less:
Current portion of real estate notes payable	(284)	(279)
	$ 2,394	$ 2,467

Note 7 - Contingencies (Details)	3 Months Ended
Note 7 - Contingencies (Details)	Mar. 01, 2014
Minimum [Member]
Note 7 - Contingencies (Details) [Line Items]
Lease Guarantees Term	1 year
Maximum [Member]
Note 7 - Contingencies (Details) [Line Items]
Lease Guarantees Term	10 years

Note 8 - Post Employment Benefit Obligations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 01, 2014	Mar. 02, 2013	Nov. 30, 2013
Supplemental Employee Retirement Plan, Defined Benefit [Member]
Note 8 - Post Employment Benefit Obligations (Details) [Line Items]
Postemployment Benefits Liability	$ 9,516		$ 9,775
Unfunded Deferred Compensation Plan [Member]
Note 8 - Post Employment Benefit Obligations (Details) [Line Items]
Postemployment Benefits Liability	2,549		$ 2,555
Pension Expense	$ 72	$ 72

Note 8 - Post Employment Benefit Obligations (Details) - Pension Liability - USD ($) $ in Thousands	Mar. 01, 2014	Nov. 30, 2013
Supplemental Employee Retirement Plan, Defined Benefit [Member]
Note 8 - Post Employment Benefit Obligations (Details) - Pension Liability [Line Items]
Accrued compensation and benefits	$ 810	$ 810
Post employment benefit obligations	8,706	8,965
Total pension liability	9,516	9,775
Unfunded Deferred Compensation Plan [Member]
Note 8 - Post Employment Benefit Obligations (Details) - Pension Liability [Line Items]
Accrued compensation and benefits	523	373
Post employment benefit obligations	2,026	2,182
Total pension liability	2,549	2,555
Post employment benefit obligations	$ 10,732	$ 11,146

Note 8 - Post Employment Benefit Obligations (Details) - Components of Net Periodic Pension Costs - USD ($) $ in Thousands	3 Months Ended
	Mar. 01, 2014	Mar. 02, 2013
Components of Net Periodic Pension Costs [Abstract]
Service cost	$ 20	$ 18
Interest cost	93	87
Amortization of transition obligation	11	11
Amortization of loss	30	20
Net periodic pension cost	$ 154	$ 136

Note 9 - Earnings Per Share (Details) - Reconciliation of Basic and Diluted Earnings Per Share - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 01, 2014	Mar. 02, 2013
Reconciliation of Basic and Diluted Earnings Per Share [Abstract]
Net income (in Dollars)	$ 843	$ 980
Weighted average shares	10,691,646	10,698,626
Net income per share (in Dollars per share)	$ 0.08	$ 0.09
Add effect of dilutive securities:
Weighted average shares	151,157	157,259
Net income (in Dollars)	$ 843	$ 980
Weighted average shares	10,842,803	10,855,885
Net income per share (in Dollars per share)	$ 0.08	$ 0.09

- 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

Note 9 - Earnings Per Share (Details) - Antidilutive Securities - shares	3 Months Ended
	Mar. 01, 2014	Mar. 02, 2013
Equity Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	207,500	472,500
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	54,000
Antidilutive securities	261,500	472,500

Note 10 - Financial Instruments and Fair Value Measurements (Details)	3 Months Ended
	Mar. 01, 2014
Minimum [Member]
Note 10 - Financial Instruments 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 10 - Financial Instruments 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 10 - Financial Instruments and Fair Value Measurements (Details) [Line Items]
Maturity of Time Deposits	4 months

Note 11 - Accured Lease Exit Costs (Details) - Activity Related to Our Accrued Lease Exit Costs - USD ($) $ in Thousands	3 Months Ended
	Mar. 01, 2014	Nov. 30, 2013
Activity Related to Our Accrued Lease Exit Costs [Abstract]
Accrued lease exit costs	$ 658	$ 907
Current portion included in other accrued liabilities	260
Long-term portion included in other long-term liabilities	398
	658
Payments on unexpired leases	(264)
Accretion of interest on obligations and other	$ 15

Note 13 - Segment Information (Details)	3 Months Ended
Note 13 - Segment Information (Details)	Mar. 01, 2014
Segment Reporting [Abstract]
Number of Reportable Segments	3

Note 13 - Segment Information (Details) - Segment information - USD ($) $ in Thousands	3 Months Ended
	Mar. 01, 2014	Mar. 02, 2013
Operating Segments [Member] \| Wholesale Segment [Member]
Net Sales
Net Sales	$ 51,086	$ 53,960
Income (loss) from Operations
Income (Loss) from Operations	2,348	3,001
Depreciation and Amortization
Depreciation and Amortization	325	341
Capital Expenditures
Capital Expenditures	1,437	648
Operating Segments [Member] \| Retail Segment [Member]
Net Sales
Net Sales	47,124	49,957
Income (loss) from Operations
Income (Loss) from Operations	(1,772)	(571)
Depreciation and Amortization
Depreciation and Amortization	1,257	967
Capital Expenditures
Capital Expenditures	5,462	1,973
Operating Segments [Member] \| Investments or Real Estate [Member]
Depreciation and Amortization
Depreciation and Amortization	110	126
Intersegment Eliminations [Member]
Net Sales
Net Sales	(22,563)	(24,068)
Income (loss) from Operations
Income (Loss) from Operations	510	(66)
Net Sales	75,647	79,849
Income (Loss) from Operations	1,086	2,364
Depreciation and Amortization
Depreciation and Amortization	1,692	1,434
Capital Expenditures
Capital Expenditures	$ 6,899	$ 2,621

Note 13 - Segment Information (Details) - Identifiable assets - USD ($) $ in Thousands	Mar. 01, 2014	Nov. 30, 2013
Operating Segments [Member] \| Wholesale Segment [Member]
Identifiable Assets
Indentifiable Assets	$ 107,957	$ 109,958
Operating Segments [Member] \| Retail Segment [Member]
Identifiable Assets
Indentifiable Assets	84,630	77,331
Operating Segments [Member] \| Investments or Real Estate [Member]
Identifiable Assets
Indentifiable Assets	33,450	38,560
Indentifiable Assets	$ 226,037	$ 225,849

Label	Element	Value
Operating Leases, Future Minimum Payments Due	us-gaap_OperatingLeasesFutureMinimumPaymentsDue	$ 100,947,000
Operating Leases, Future Minimum Payments Due	us-gaap_OperatingLeasesFutureMinimumPaymentsDue	96,421,000
IncomeFromContinuedDumpingAndSubsidyOffsetAct	bset_IncomeFromContinuedDumpingAndSubsidyOffsetAct	$ 9,010,000
Weighted Average Rate Domestic Deposit, Certificates of Deposit	us-gaap_WeightedAverageRateDomesticDepositCertificatesOfDeposit	0.252%
Fortress [Member]
Gain (Loss) on Investments	us-gaap_GainLossOnInvestments	$ 140,000
Lease Obligations Of Licensee Operators [Member]
Loss Contingency, Estimate of Possible Loss	us-gaap_LossContingencyEstimateOfPossibleLoss	3,578,000
Loss Contingency, Estimate of Possible Loss	us-gaap_LossContingencyEstimateOfPossibleLoss	$ 3,698,000

- Definition

This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments.

+ References + Details