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Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Aug. 25, 2018	Sep. 20, 2018
Document Information [Line Items]
Entity Registrant Name	BASSETT FURNITURE INDUSTRIES INC
Entity Central Index Key	0000010329
Trading Symbol	bset
Current Fiscal Year End Date	--11-24
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		10,638,409
Document Type	10-Q
Document Period End Date	Aug. 25, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Statements of Income and Retained Earnings (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2018	Aug. 26, 2017	Aug. 25, 2018	Aug. 26, 2017
Sales revenue:
Sales revenues	$ 112,956	$ 114,261	$ 340,208	$ 334,278
Cost of furniture and accessories sold	44,821	45,320	133,750	132,199
Selling, general and administrative expenses excluding new store pre-opening costs	63,279	61,373	192,986	180,972
New store pre-opening costs	532	308	1,435	1,583
Income from operations	4,324	7,260	12,037	19,524
Gain on sale of investment				3,267
Impairment of investment in real estate				(1,084)
Other loss, net	(492)	(583)	(1,352)	(1,994)
Income before income taxes	3,832	6,677	10,685	19,713
Income tax expense	887	2,098	4,364	6,431
Net income	2,945	4,579	6,321	13,282
Retained earnings-beginning of period	140,934	135,947	139,378	129,388
Reclassification of certain tax effects from accumulated other comprehensive loss			545
Purchase and retirement of common stock	(1,036)		(1,036)
Cash dividends	(1,338)	(1,181)	(3,703)	(3,325)
Retained earnings-end of period	$ 141,505	$ 139,345	$ 141,505	$ 139,345
Basic earnings per share (in dollars per share)	$ 0.28	$ 0.43	$ 0.59	$ 1.25
Diluted earnings per share (in dollars per share)	0.28	0.43	0.59	1.24
Dividends per share (in dollars per share)	$ 0.125	$ 0.11	$ 0.345	$ 0.31
Furniture and Accessories [Member]
Sales revenue:
Sales revenues	$ 99,807	$ 100,152	$ 298,605	$ 294,144
Logistical Services [Member]
Sales revenue:
Sales revenues	$ 13,149	$ 14,109	$ 41,603	$ 40,134

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2018	Aug. 26, 2017	Aug. 25, 2018	Aug. 26, 2017
Net income	$ 2,945	$ 4,579	$ 6,321	$ 13,282
Other comprehensive income:
Other comprehensive income, net of tax	80	73	240	(368)
Total comprehensive income	3,025	4,652	6,561	12,914
Pension Plan [Member]
Other comprehensive income:
Recognize prior service cost associated with Long Term Cash Awards (LTCA)				(932)
Amortization associated with Long Term Cash Awards (LTCA)	31	24	93	49
Income taxes related to LTCA	(8)	(9)	(24)	341
Amortization associated with supplemental executive retirement defined benefit plan (SERP)	31	24	93	49
Income taxes related to SERP	(8)	(9)	(24)	341
Supplemental Employee Retirement Plan [Member]
Other comprehensive income:
Amortization associated with Long Term Cash Awards (LTCA)	76	94	228	281
Income taxes related to LTCA	(19)	(36)	(57)	(107)
Amortization associated with supplemental executive retirement defined benefit plan (SERP)	76	94	228	281
Income taxes related to SERP	$ (19)	$ (36)	$ (57)	$ (107)

- Definition

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

+ References + Details

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Aug. 25, 2018	Nov. 25, 2017
Current assets
Cash and cash equivalents	$ 25,763	$ 53,949
Short-term investments	22,643	23,125
Accounts receivable, net	19,485	19,640
Inventories	63,726	54,476
Other current assets	8,724	8,192
Total current assets	140,341	159,382
Property and equipment, net	103,205	103,244
Deferred income taxes	5,773	8,393
Goodwill and other intangible assets	28,541	17,351
Other	6,624	5,378
Total long-term assets	40,938	31,122
Total assets	284,484	293,748
Current liabilities
Accounts payable	24,219	21,760
Accrued compensation and benefits	13,434	14,670
Customer deposits	21,168	27,107
Dividends payable		3,759
Current portion of long-term debt	436	3,405
Other accrued liabilities	13,031	12,655
Total current liabilities	72,288	83,356
Long-term liabilities
Post employment benefit obligations	13,677	13,326
Notes payable		329
Other long-term liabilities	6,564	5,277
Total long-term liabilities	20,241	18,932
Stockholders’ equity
Common stock	53,326	53,690
Retained earnings	141,505	139,378
Additional paid-in capital		962
Accumulated other comprehensive loss	(2,876)	(2,570)
Total stockholders' equity	191,955	191,460
Total liabilities and stockholders’ equity	$ 284,484	$ 293,748

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Aug. 25, 2018	Aug. 26, 2017
Operating activities:
Net income	$ 6,321	$ 13,282
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	9,920	10,060
Provision for asset impairment charge		1,084
Gain on sale of property and equipment	(130)	(1,278)
Gain on sale of investment		(3,267)
Tenant improvement allowance received from lessors	2,220	1,165
Deferred income taxes	2,620	195
Other, net	490	516
Changes in operating assets and liabilities:
Accounts receivable	1,183	(1,018)
Inventories	(5,349)	(4,190)
Other current assets	(496)	1,919
Customer deposits	(5,939)	(4,424)
Accounts payable and accrued liabilities	196	654
Net cash provided by operating activities	11,036	14,698
Investing activities:
Purchases of property and equipment	(12,632)	(10,817)
Proceeds from sales of property and equipment	2,488	4,474
Proceeds from maturities and sales of investments	482	3,592
Other		223
Net cash used in investing activities	(25,218)	(3,183)
Financing activities:
Cash dividends	(7,462)	(6,544)
Proceeds from the exercise of stock options	27	310
Other issuance of common stock	264	83
Repurchases of common stock	(2,848)	(83)
Taxes paid related to net share settlement of equity awards	(674)	(641)
Repayments of notes payable	(3,311)	(3,287)
Net cash used in financing activities	(14,004)	(10,162)
Change in cash and cash equivalents	(28,186)	1,353
Cash and cash equivalents - beginning of period	53,949	35,144
Cash and cash equivalents - end of period	25,763	36,497
Acquisition of Lane Venture [Member]
Investing activities:
Cash paid for business acquisition	$ (15,556)
Bassett Home Furnishings, Columbus, Ohio [Member]
Investing activities:
Cash paid for business acquisition		$ (655)

Note 1 - Basis of Presentation	9 Months Ended
Note 1 - Basis of Presentation	Aug. 25, 2018
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1 . Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10 -Q and do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete financial statements. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. References to “ASC” included hereinafter refer to the Accounting Standards Codification established by the Financial Accounting Standards Board (“FASB”) 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 a controlling interest. 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. Revenue from the sale of furniture and accessories is reported in the accompanying condensed consolidated statements of income net of estimates for returns and allowances. Revenues from logistical services are generated by our wholly-owned subsidiary, Zenith Freight Lines, LLC (“Zenith”). Sales of logistical services from Zenith to our wholesale and retail segments have been eliminated in consolidation, and Zenith’s operating costs and expenses are included in selling, general and administrative expenses in our condensed consolidated statements of income. Lane Venture Acquisition On December 21, 2017, we purchased certain assets and assumed certain liabilities of Lane Venture from Heritage Home Group, LLC. Lane Venture is being operated as a component of our wholesale segment (see Note 3, Business Combinations). Results of operations for the Lane Venture business are included in our condensed consolidated statements of income since the date of acquisition.

Note 2 - Interim Financial Presentation	9 Months Ended
Note 2 - Interim Financial Presentation	Aug. 25, 2018
Notes to Financial Statements
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 and nine months ended August 25, 2018 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 25, 2017. Income Taxes and Impact of the Tax Cuts and Jobs Act We calculate an anticipated effective tax rate for the year based on our annual estimates of pretax income and use that effective tax rate to record our year-to-date income tax provision. Any change in annual projections of pretax income could have a significant impact on our effective tax rate for the respective quarter. On December 22, 2017, The Tax Cuts and Jobs Act (the “Act”) was signed into law. The Act reduced the federal statutory corporate income tax rate from 35% to 21% effective January 1, 2018 for all corporate taxpayers, while most other provisions of the Act take effect for fiscal years beginning on or after January 1, 2018. Therefore, we will compute our income tax expense for fiscal 2018 using a blended federal statutory rate of 22.2%. The 21% federal statutory rate, as well as certain other provisions of the Act including the elimination of the domestic manufacturing deduction and new limitations on certain business deductions, will apply to our 2019 fiscal year and thereafter. The federal rate reduction has had a significant impact on our provision for income taxes for the three and nine months ended August 25, 2018. Our effective tax rates for the three and nine months ended August 25, 2018 were 23.1% and 40.8%, respectively. Our effective tax rate for the nine months ended August 25, 2018 differs from the fiscal 2018 blended federal statutory rate of 22.2% primarily due to a discrete charge of $2,032 arising from the re-measurement of our deferred tax assets. Other items impacting our effective tax rates for the three and nine months ended August 25, 2018 include the effects of state income taxes and various permanent differences including the favorable impacts of excess tax benefits on stock-based compensation of $26 and $223, respectively, non-taxable life insurance proceeds of $266 during the nine months ended August 25, 2018, and the Section 199: Domestic Production Activities Deduction. Given the significance of the Act, the SEC staff issued Staff Accounting Bulletin No. 118 (“SAB 118” ), which allows registrants to record provisional amounts during a one year “measurement period” similar to that used when accounting for business combinations. Per SAB 118, the measurement period is deemed to have an earlier end date when the registrant has obtained, prepared and analyzed the information necessary to finalize its accounting. During the measurement period, impacts of the updated tax law are expected to be recorded at the time a reasonable estimate for all, or a portion, of the effects can be made, and provisional amounts can be recognized and adjusted as information becomes available, prepared or analyzed. SAB 118 states, that at each reporting period, companies must disclose the effects of the Act for areas where accounting is complete, disclose provisional amounts (or adjustments to provisional amounts) for the effects of the Act for areas where accounting is not complete but a reasonable estimate has been determined, and confirm areas where a reasonable estimate of the effects cannot yet be made, and therefore taxes are reflected in accordance with law prior to the enactment of the Act. As of August 25, 2018, we were still assessing the overall impact that the Act will have on our financial statements and related disclosures. Therefore, the net charge for the re-measurement of our deferred tax assets was based on reasonable estimates and has been recorded as a provisional amount in accordance with SAB 118. We may alter our estimates during the remainder of fiscal 2018 as we continue to process data to finalize the underlying calculations and also analyze other provisions of the Act to determine if they will impact our effective tax rate in fiscal 2018 or in the future. We will continue to refine our adjustments through the permissible measurement period as described above. Our effective tax rates for the three and nine months ended August 26, 2017 of 31.4% and 32.6%, respectively, differed from the federal statutory rate of 35% primarily due to the effects of state income taxes and various permanent differences including the favorable impacts of excess tax benefits on stock-based compensation of $227 and $554 during the three and nine months ended August 26, 2017, respectively, and the Section 199: Domestic Production Activities Deduction. Adoption of Accounting Standards Update No. 2018 - 02 The Act has also had a significant impact on the income tax effect of pension costs included in our accumulated other comprehensive loss at November 25, 2017 due to the reduction in Federal statutory rates. Therefore we have adopted Accounting Standards Update 2018 - 02 (see Note 14, Recent Accounting Pronouncements) effective as of the beginning of fiscal 2018 and have elected to reclassify the income tax effects of the Act from accumulated other comprehensive loss to retained earnings. Accordingly, during the nine months ended August 25, 2018 we reclassified $545 of tax benefits associated with pension costs from accumulated other comprehensive loss to retained earnings.

Note 3 - Business Combinations

9 Months Ended

Aug. 25, 2018

Notes to Financial Statements

Business Combination Disclosure [Text Block]

Business Combination

Acquisition of Lane Venture

December 21, 2017,

we purchased certain assets and assumed certain liabilities of Lane Venture from Heritage Home Group, LLC for

$15,556

in cash. Lane Venture is a manufacturer and distributor of premium outdoor furniture, and is now being operated as a component of our wholesale segment.

Under the acquisition method of accounting, the fair value of the consideration transferred was allocated to the tangible and intangible assets acquired and the liabilities assumed based on their estimated fair values as of the acquisition date with the remaining unallocated amount recorded as goodwill.

The allocation of the fair value of the acquired business was based on a preliminary valuation. Our estimates and assumptions are subject to change as we obtain additional information for our estimates during the measurement period (up to

one

year from the acquisition date). The primary areas of the preliminary allocation of the fair value of consideration transferred that are

not

yet finalized relate to the fair values of certain tangible and intangible assets acquired and the residual goodwill. During the

nine

months ended

August 25, 2018,

we recorded measurement period adjustments to increase (decrease) the opening value of net accounts receivable, inventory and accrued liabilities by

$150,

(

) and

$38,

respectively, resulting in a reduction of recognized goodwill of

$110.

The preliminary allocation of the

$15,556

all-cash purchase price to the acquired assets and liabilities of the Lane Venture business, including measurement period adjustments, is as follows:

Allocation of the fair value of consideration transferred:
Identifiable assets acquired:
Accounts receivable, net of reserve (Note 5)	$	1,507
Inventory, net of reserve (Note 6)		3,752
Prepaid expenses and other current assets		37
Intangible assets		7,360
Total identifiable assets acquired		12,656
Liabilities assumed:
Accounts payable		(357	)
Other accrued liabilities		(852	)
Total liabilities assumed		(1,209	)
Net identifiable assets acquired		11,447
Goodwill		4,109
Total net assets acquired	$	15,556

Goodwill was determined based on the residual difference between the fair value of the consideration transferred and the value assigned to the tangible and intangible assets and liabilities recognized in connection with the acquisition and is deductible for tax purposes. Among the factors that contributed to a purchase price resulting in the recognition of goodwill are the expected synergies arising from combining the Company’s manufacturing and distribution capabilities with Lane Venture’s position in the outdoor furnishings market, a segment of the market

not

previously served by Bassett.

A portion of the fair value of the consideration transferred has been provisionally assigned to identifiable intangible assets as follows:

	Useful Life
Description:	In Years		Fair Value

Trade name		Indefinite	$	6,848
Customer relationships		9		512

Total acquired intangible assets			$	7,360

The finite-lived intangible asset is being amortized on a straight-line basis over its estimated useful life. The indefinite-lived intangible asset and goodwill are

not

amortized but will be tested for impairment annually or between annual tests if an indicator of impairment exists.

The fair values of consideration transferred and net assets acquired were determined using a combination of Level

and Level

inputs as specified in the fair value hierarchy in ASC

820,

Fair Value Measurements and Disclosures

. See Note

Acquisition costs related to the Lane Venture acquisition totaled

$256

during the

nine

months ended

August 25, 2018,

and are included in selling, general and administrative expenses in the condensed consolidated statements of income. Additional acquisition costs related to Lane Venture are

not

expected to be significant during the remainder of fiscal

2018.

The acquisition costs are primarily related to legal, accounting and valuation services.

The pro forma impact of the acquisition and the results of operations attributable to Lane Venture since the acquisition have

not

been presented because they are

not

material to our consolidated results of operations for the

three

and

nine

month periods ended

August 25, 2018

and

August 26, 2017.

Retail Store Acquisition

During the quarter ended

February 25, 2017,

we acquired the operations of the Bassett Home Furnishings (“BHF”) store located in Columbus, Ohio for a purchase price of

$655.

The store had been owned and operated by a licensee that had determined that continued ownership of a BHF store was

longer consistent with its future business objectives. We believe that Columbus, Ohio represents a viable market for a BHF store.

The purchase price was allocated as follows:

Inventory	$	343
Goodwill		312

Purchase price	$	655

The inputs into our valuation of the acquired assets reflect our market assumptions and are

not

observable. Consequently, the inputs are considered to be Level

inputs as specified in the fair value hierarchy in ASC

820,

Fair Value Measurements and Disclosures

. See Note

The pro forma impact of the acquisition and the results of operations for the Columbus store since acquisition were

not

material to our consolidated results of operations for the

three

and

nine

months ended

August 26, 2017.

Note 4 - Financial Instruments and Fair Value Measurements	9 Months Ended
	Aug. 25, 2018
Notes to Financial Statements
Fair Value Disclosures [Text Block]	4. 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 method investments, accounts payable and notes payable. 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. Investments Our short-term investments of $22,643 at August 25, 2018 and $23,125 at November 25, 2017 consisted of certificates of deposit (CDs). At August 25, 2018, the CDs had original terms averaging nine months, bearing interest at rates ranging from 0.10% to 2.45%. At August 25, 2018, the weighted average remaining time to maturity of the CDs was approximately six months and the weighted average yield of the CDs was approximately 2.11%. 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 August 25, 2018 and November 25, 2017 approximates their fair value. 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 notes payable for disclosure purposes (see Note 8 ) involves Level 3 inputs. Our primary non-recurring fair value estimates typically involve business acquisitions (Note 3 ) which involve a combination of Level 2 and 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 5 - Accounts Receivable

9 Months Ended

Aug. 25, 2018

Notes to Financial Statements

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

. Accounts Receivable

Accounts receivable consists of the following:

	August 25, 2018			November 25, 2017
Gross accounts receivable	$	20,466		$	20,257
Allowance for doubtful accounts		(981	)		(617	)
Accounts receivable, net	$	19,485		$	19,640

Activity in the allowance for doubtful accounts for the

nine

months ended

August 25, 2018

was as follows:

	2018

Balance at November 25, 2017	$	617
Acquired allowance on accounts receivable (Note 3)		50
Additions charged to expense		329
Write-offs and other reductions		(15	)
Balance at August 25, 2018	$	981

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

as specified in the fair value hierarchy in ASC Topic

820,

Fair Value Measurements and Disclosures

. See Note

- 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 6 - Inventories

9 Months Ended

Aug. 25, 2018

Notes to Financial Statements

Inventory Disclosure [Text Block]

. Inventories

Inventories are valued at the lower of cost or net realizable value. Cost is determined for domestic furniture inventories using the last-in,

first

-out (LIFO) method. The costs for imported inventories and those applicable to Lane Venture are determined using the

first

-in,

first

-out (FIFO) method.

Inventories were comprised of the following:

	August 25, 2018			November 25, 2017
Wholesale finished goods	$	29,907		$	26,145
Work in process		504			388
Raw materials and supplies		15,432			11,808
Retail merchandise		28,159			26,173
Total inventories on first-in, first-out method		74,002			64,514
LIFO adjustment		(8,560	)		(8,143	)
Reserve for excess and obsolete inventory		(1,716	)		(1,895	)
	$	63,726		$	54,476

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 25, 2017	$	1,618		$	277		$	1,895
Acquired reserve on inventory (Note 3)		50			-			50
Additions charged to expense		1,026			304			1,330
Write-offs		(1,237	)		(322	)		(1,559	)
Balance at August 25, 2018	$	1,457		$	259		$	1,716

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

2018

and do

not

anticipate that our methodology is likely to change in the future.

Note 7 - Goodwill and Other Intangible Assets

9 Months Ended

Aug. 25, 2018

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Other Intangible Assets

Goodwill and other intangible assets consisted of the following:

	August 25, 2018
	Gross Carrying Amount		Accumulated Amortization			Intangible Assets, Net
Intangibles subject to amortization
Customer relationships	$	3,550	$	(764	)	$	2,786
Technology - customized applications		834		(426	)		408

Total intangible assets subject to amortization		4,384		(1,190	)		3,194

Intangibles not subject to amortization:
Trade names		9,338		-			9,338
Goodwill		16,009		-			16,009

Total goodwill and other intangible assets	$	29,731	$	(1,190	)	$	28,541

	November 25, 2017
	Gross Carrying Amount		Accumulated Amortization			Intangible Assets, Net
Intangibles subject to amortization
Customer relationships	$	3,038	$	(574	)	$	2,464
Technology - customized applications		834		(337	)		497

Total intangible assets subject to amortization		3,872		(911	)		2,961

Intangibles not subject to amortization:
Trade names		2,490		-			2,490
Goodwill		11,900		-			11,900

Total goodwill and other intangible assets	$	18,262	$	(911	)	$	17,351

Changes in the carrying amounts of goodwill by reportable segment during the

nine

months ended

August 25, 2018

were as follows:

	Wholesale		Retail		Logistics		Total

Balance as of November 25, 2017	$	5,045	$	1,926	$	4,929	$	11,900
Goodwill arising from acquisition of Lane Venture (Note 3)		4,109		-		-		4,109

Balance as of August 25, 2018	$	9,154	$	1,926	$	4,929	$	16,009

The goodwill recognized in connection with our acquisition of Lane Venture remains subject to future adjustments before the close of the measurement period in the

first

quarter of fiscal

2019.

See Note

Business Combinations, for additional information regarding the acquisition of Lane Venture. There were

accumulated impairment losses on goodwill as of

August 25, 2018

November 25, 2017.

Amortization expense associated with intangible assets during the

three

and

nine

months ended

August 25, 2018

and

August 26, 2017

was as follows:

	Quarter Ended				Nine Months Ended
	August 25, 2018		August 26, 2017		August 25, 2018		August 26, 2017

Intangible asset amortization expense	$	95	$	80	$	280	$	241

Estimated future amortization expense for intangible assets that exist at

August 25, 2018

is as follows:

Remainder of fiscal 2018	$	95
Fiscal 2019		379
Fiscal 2020		379
Fiscal 2021		379
Fiscal 2022		279
Fiscal 2023		259
Thereafter		1,424

Total	$	3,194

Note 8 - Notes Payable and Bank Credit Facility

9 Months Ended

Aug. 25, 2018

Notes to Financial Statements

Debt Disclosure [Text Block]

Notes Payable and Bank Credit Facility

Our notes payable consist of the following:

	August 25, 2018

Real estate notes payable	$	436
Less current portion		(436	)

Total long-term notes payable	$	-

	November 25, 2017
	Principal Balance			Unamortized Discount			Net Carrying Amount

Zenith acquisition note payable	$	3,000		$	(13	)	$	2,987
Real estate notes payable		747			-			747

Total notes payable		3,747			(13	)		3,734
Less current portion		(3,418	)		13			(3,405	)

Total long-term notes payable	$	329		$	-		$	329

The future maturities of our notes payable are as follows:

Remainder of fiscal 2018	$	107
Fiscal 2019		329
	$	436

Zenith

Acquisition Note Payable

The final installment of the Zenith acquisition note was paid in full on

February 2, 2018.

Interest expense resulting from the amortization of the discount was

$13

for the

nine

months ended

August 25, 2018

and

$19

and

$76

for the

three

and

nine

months ended

August 26, 2017,

respectively.

Real Estate Notes Payable

Certain of our retail real estate properties have been financed through commercial mortgages with outstanding principal totaling

$436

and

$747

August 25, 2018

and

November 25, 2017,

respectively. The mortgages each bear interest at a fixed rate of

6.73%.

They are collateralized by the respective properties with net book values totaling approximately

$5,631

and

$5,727

August 25, 2018

and

November 25, 2017,

respectively. The current portion of these mortgages due within

one

year was

$436

and

$418

as of

August 25, 2018

and

November 25, 2017,

respectively.

Fair Value

We believe that the carrying amount of our notes payable approximates fair value at both

August 25, 2018

and

November 25, 2017.

In estimating the fair value, we utilize 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

as specified in the fair value hierarchy in ASC Topic

820,

Fair Value Measurements and Disclosures

. See Note

Bank

Credit Facility

Our credit facility with our bank provides for a line of credit of up to

$15,000.

This credit facility is unsecured and 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. The credit facility will mature in

December 2018,

at which time we expect to obtain a new facility under substantially similar terms.

August 25, 2018,

we had

$1,382

outstanding under standby letters of credit against our line, leaving availability under our credit line of

$13,618.

In addition, we have outstanding standby letters of credit with another bank totaling

$381.

Note 9 - Post Employment Benefit Obligations

9 Months Ended

Aug. 25, 2018

Notes to Financial Statements

Postemployment Benefits Disclosure [Text Block]

Post Employment Benefit Obligations

Defined Benefit Plans

We have an unfunded Supplemental Retirement Income Plan (the “Supplemental Plan”) that covers

one

current and certain former executives. The liability for the Supplemental Plan was

$11,188

and

$11,337

as of

August 25, 2018

and

November 25, 2017,

respectively.

We also have the Bassett Furniture Industries, Incorporated Management Savings Plan (the “Management Savings Plan”) which was established in the

second

quarter of fiscal

2017.

The Management Savings Plan is an unfunded, nonqualified deferred compensation plan maintained for the benefit of certain highly compensated or management level employees. As part of the Management Savings Plan, we have made Long Term Cash Awards (“LTC Awards”) totaling

$2,000

to certain management employees in the amount of

$400

each. The liability for the LTC Awards was

$1,055

and

$985

as of

August 25, 2018

and

November 25, 2017,

respectively.

The combined pension liability for the Supplemental Plan and LTC Awards is recorded as follows in the condensed consolidated balance sheets:

	August 25, 2018		November 25, 2017
Accrued compensation and benefits	$	778	$	778
Post employment benefit obligations		11,465		11,544

Total pension liability	$	12,243	$	12,322

Components of net periodic pension costs for our defined benefit plans for the

three

and

nine

months ended

August 25, 2018

and

August 26, 2017

are as follows:

	Quarter Ended				Nine Months Ended
	August 25, 2018		August 26, 2017		August 25, 2018		August 26, 2017
Service cost	$	49	$	49	$	147	$	136
Interest cost		105		114		315		336
Amortization of prior service costs		31		24		93		49
Amortization of transition obligation		11		11		33		32
Amortization of loss		65		83		195		249

Net periodic pension cost	$	261	$	281	$	783	$	802

The components of net periodic pension cost other than the service cost component are included in other loss, net in our condensed consolidated statements of income.

Deferred Compensation Plan

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

additional participants or deferrals permitted. Our liability under this plan was

$1,857

and

$1,916

as of

August 25, 2018

and

November 25, 2017,

respectively.

We also have an unfunded, nonqualified deferred compensation plan maintained for the benefit of certain highly compensated or management level employees which was established under the Management Savings Plan in the

second

quarter of fiscal

2017.

Our liability under this plan, including both accrued Company contributions and participant salary deferrals, was

$629

and

$139

as of

August 25, 2018

and

November 25, 2017,

respectively.

Our combined liability for all deferred compensation arrangements, including Company contributions and participant deferrals under the Management Savings Plan, is recorded as follows in the condensed consolidated balance sheets:

	August 25, 2018		November 25, 2017
Accrued compensation and benefits	$	274	$	274
Post employment benefit obligations		2,212		1,782

Total deferred compensation liability	$	2,486	$	2,056

We recognized expense under our deferred compensation arrangements during the

three

and

nine

months ended

August 25, 2018

and

August 26, 2017

as follows:

	Quarter Ended				Nine Months Ended
	August 25, 2018		August 26, 2017		August 25, 2018		August 26, 2 017
Deferred compensation expense	$	161	$	68	$	320	$	203

Note 10 - Other Gains and Losses	9 Months Ended
Note 10 - Other Gains and Losses	Aug. 25, 2018
Notes to Financial Statements
Other Gains and Losses [Text Block]	10. Other Gains and Losses Fiscal 2018 Gain on Sale of Retail Store Location In May 2018 we sold the land and building occupied by our Spring, Texas retail store in connection with the eventual relocation of the store to another site in the Houston market. We received net cash proceeds of $2,463 from the sale, resulting in a gain of $165 recognized during the nine months ended August 25, 2018 which is included in income from operations in our accompanying condensed consolidated statements of income. Fiscal 2017 Gain on Sale of Investment In 1985, we acquired a minority interest in a privately-held, start-up provider of property and casualty insurance for $325. We have accounted for this investment on the cost method and included it in other long-term assets in our condensed consolidated balance sheet. In April 2017 we sold our interest for $3,592 in cash, resulting in a gain of $3,267 recognized for the nine months ended August 26, 2017. Gain on Sale of Retail Store Location Selling, general and administrative expenses for the three and nine months ended August 26, 2017 includes a gain of $1,220 resulting from the sale of our retail store location in Las Vegas, Nevada for $4,335 in cash. The store was closed in August of 2017 in preparation for its repositioning to a new location in the Las Vegas market. Impairment of Investment in Real Estate We own a building in Chesterfield County, Virginia that was formerly leased to a licensee for the operation of a BHF store. The building is subject to a ground lease that expires in 2020, with additional renewal options. Since 2012, we have leased the building to another party who is, as of recently, paying less than the full amount of the lease obligation, resulting in rental income insufficient to cover our ground lease obligation. Efforts to sell our interest in the building have been unsuccessful to date. We have also concluded that, absent a significant cash investment in the building, the likelihood of locating another tenant at a rent that would provide positive cash flow in excess of the ground lease expense is remote. In addition, we obtained an appraisal during the quarter ended May 27, 2017 which indicated that the value of the building had significantly decreased and was now minimal. Given these circumstances, we concluded that we were unlikely to renew the ground lease in 2020 and were therefore likely vacate the property at that time. Consequently, we recorded a non-cash impairment charge of $1,084 for the nine months ended August 26, 2017 to write off the value of the building.

Note 11 - Commitments and Contingencies

9 Months Ended

Aug. 25, 2018

Notes to Financial Statements

Legal Matters and Contingencies [Text Block]

Commitments and Contingencies

We are involved in various legal and environmental matters, which arise in the normal course of business. Although the final outcome of these matters cannot be determined, based on the facts presently known, we believe that the final resolution of these matters will

not

have a material adverse effect on our financial position or future results of operations.

We lease land and buildings that are used in the operation of our Company-owned retail stores as well as in the operation of certain of our licensee-owned stores, and we lease land and buildings at various locations throughout the continental United States for warehousing and distribution hubs used in our logistical services segment. We also lease tractors, trailers and local delivery trucks used in our logistical services segment. Our real estate lease terms range from

one

years and generally have renewal options of between

five

and

years. Some store leases contain contingent rental provisions based upon sales volume. Our transportation equipment leases have terms ranging from

two

seven

years with fixed monthly rental payments plus variable charges based upon mileage. The following schedule shows future minimum lease payments under non-cancellable operating leases with terms in excess of

one

year as of

August 25, 2018:

	Retail Stores		Distribution Centers		Transportation Equipment		Total

Remainder of fiscal 2018	$	6,243	$	1,300	$	828	$	8,371
Fiscal 2019		25,697		4,237		3,398		33,332
Fiscal 2020		24,332		3,495		3,193		31,020
Fiscal 2021		21,206		2,771		2,153		26,130
Fiscal 2022		18,299		2,583		1,432		22,314
Fiscal 2023		15,448		1,517		637		17,602
Thereafter		46,000		437		558		46,995
Total future minimum lease payments	$	157,225	$	16,340	$	12,199	$	185,764

In connection with our long-term real estate leases, our liability for accrued straight-line rent expense was

$5,578

and

$4,821

August 25, 2018

and

November 25, 2017,

respectively, and is included in other accrued liabilities in our condensed consolidated balance sheets.

We also have guaranteed certain lease obligations of licensee operators. Lease guarantees range from

one

ten

years. We were contingently liable under licensee lease obligation guarantees in the amount of

$2,168

and

$2,743

August 25, 2018

and

November 25, 2017,

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

August 25, 2018

and

November 25, 2017

was

not

material.

Note 12 - Earnings Per Share

9 Months Ended

Aug. 25, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

Earnings Per Share

The following reconciles basic and diluted earnings per share:

	Net Income		Weighted Average Shares		Net Income Per Share
For the quarter ended August 25, 2018:

Basic earnings per share	$	2,945		10,666,529	$	0.28
Add effect of dilutive securities:
Options and restricted shares		-		33,188		-
Diluted earnings per share	$	2,945		10,699,717	$	0.28

For the quarter ended August 26, 2017:

Basic earnings per share	$	4,579		10,661,433	$	0.43
Add effect of dilutive securities:
Options and restricted shares		-		69,772		-
Diluted earnings per share	$	4,579		10,731,205	$	0.43

For the nine months ended August 25, 2018:

Basic earnings per share	$	6,321		10,684,720	$	0.59
Add effect of dilutive securities:
Options and restricted shares		-		46,632		-
Diluted earnings per share	$	6,321		10,731,352	$	0.59

For the nine months ended August 26, 2017:

Basic earnings per share	$	13,282		10,641,035	$	1.25
Add effect of dilutive securities:
Options and restricted shares		-		81,558		(0.01	)
Diluted earnings per share	$	13,282		10,722,593	$	1.24

For the

three

and

nine

months ended

August 25, 2018

and

August 26, 2017,

the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

Quarter Ended

Nine Months Ended

August 25,

2018

August 26,

2017

August 25,

2018

August 26,

2017

Unvested shares

5,292

6,538

Note 13 - Segment Information

9 Months Ended

Aug. 25, 2018

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

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 retail stores) and independent furniture retailers. Our wholesale segment includes our wood and upholstery operations, which now include Lane Venture (see Note

Business Combinations), as well as all corporate selling, general and administrative expenses, including those corporate expenses related to both Company- and licensee-owned stores. Our wholesale segment also includes our holdings of short-term investments and retail real estate previously leased as licensee stores. The earnings and costs associated with these assets are included in other loss, net, in our condensed consolidated statements of income.

●

Retail – Company-owned

tores.

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

●

Logistical services

Our logistical services segment reflects the operations of Zenith. In addition to providing shipping and warehousing services for the Company, Zenith also provides similar services to other customers, primarily in the furniture industry. Revenue from the performance of these services to other customers is included in logistical services revenue in our condensed consolidated statements of income. Zenith’s total operating costs, including those associated with providing logistical services to the Company as well as to

third

-party customers, are included in selling, general and administrative expenses and were

$23,396

and

$72,955

for the

three

and

nine

months ended

August 25, 2018,

and

$23,761

and

$70,149

for the

three

and

nine

months ended

August 26, 2017,

respectively.

Inter-company net sales elimination represents the elimination of wholesale sales to our Company-owned stores and the elimination of Zenith logistics revenue from our wholesale and retail segments. 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, and the elimination of shipping and handling charges from Zenith for services provided to our wholesale and retail operations.

The following table presents our segment information:

	Quarter Ended						Nine Months Ended
	August 25, 2018			August 26, 2017			August 25, 2018			August 26, 2017
Sales Revenue
Wholesale	$	63,847		$	61,757		$	190,735		$	186,025
Retail - Company-owned stores		65,430			67,402			198,773			196,139
Logistical services		23,536			24,925			73,714			71,885
Inter-company eliminations:
Furniture and accessories		(29,470	)		(29,007	)		(90,903	)		(88,020	)
Logistical services		(10,387	)		(10,816	)		(32,111	)		(31,751	)
Consolidated	$	112,956		$	114,261		$	340,208		$	334,278

Income from Operations
Wholesale	$	3,298		$	4,466		$	9,401		$	15,142
Retail - Company-owned stores		858			1,353			971			1,377
Logistical services		139			1,164			758			1,736
Inter-company elimination		29			277			907			1,269
Consolidated	$	4,324		$	7,260		$	12,037		$	19,524

Depreciation and Amortization
Wholesale	$	793		$	668		$	2,253		$	1,976
Retail - Company-owned stores		1,333			1,530			4,397			4,498
Logistical services		1,106			1,156			3,270			3,586
Consolidated	$	3,232		$	3,354		$	9,920		$	10,060

Capital Expenditures
Wholesale	$	1,154		$	304		$	3,484		$	4,149
Retail - Company-owned stores		3,519			1,155			7,974			6,069
Logistical services		297			186			1,174			599
Consolidated	$	4,970		$	1,645		$	12,632		$	10,817

	As of		As of
Identifiable Assets	August 25, 2018		November 25, 2017
Wholesale	$	140,100	$	152,181
Retail - Company-owned stores		93,557		89,271
Logistical services		50,827		52,296
Consolidated	$	284,484	$	293,748

Note 14 - Recent Accounting Pronouncements	9 Months Ended
Note 14 - Recent Accounting Pronouncements	Aug. 25, 2018
Notes to Financial Statements
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	1 4 . Recent Accounting Pronouncements In May 2014, the FASB issued Accounting Standards Update No. 2014 - 09 (ASU 2014 - 09 ), which creates ASC Topic 606, Revenue from Contracts with Customers , and supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, including most industry-specific revenue recognition guidance throughout the Industry Topics of the Codification. In addition, ASU 2014 - 09 supersedes the cost guidance in Subtopic 605 - 35, Revenue Recognition—Construction-Type and Production-Type Contracts, and creates new Subtopic 340 - 40, Other Assets and Deferred Costs—Contracts with Customers. In summary, the core principle of Topic 606 is to recognize revenue when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. Companies are allowed to select between two transition methods: ( 1 ) a full retrospective transition method with the application of the new guidance to each prior reporting period presented, or ( 2 ) a retrospective transition method that recognizes the cumulative effect on prior periods at the date of adoption together with additional footnote disclosures. In addition, during 2016 the FASB has issued ASU 2016 - 08, ASU 2016 - 10 and ASU 2016 - 12, all of which clarify certain implementation guidance within ASU 2014 - 09, and ASU 2016 - 11, which rescinds certain SEC guidance within the ASC effective upon an entity’s adoption of ASU 2014 - 09. The amendments in ASU 2014 - 09 are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, and early application is not permitted. Therefore the amendments in ASU 2014 - 09 will become effective for us as of the beginning of our 2019 fiscal year. In order to evaluate the impact that the adoption of ASU 2014 - 09 will have on our consolidated financial statements, we have conducted a comprehensive review of the significant revenue streams across our wholesale, retail and logistical services reportable segments. The focus of this review included, among other things, the identification of the significant contracts and other arrangements we have with our customers to identify significant performance obligations, factors affecting the determination of transaction price, such as variable consideration, and factors affecting the classification of receipts as revenue, such as principal versus agent considerations. Our findings from the review were then analyzed based on the five -step model described in the new standard. We are currently finalizing our assessment of the impact that adoption will have on our consolidated financial statements. While we have not yet made a final determination as to the impact on our financial position or results of operations, we do anticipate incorporating additional disclosures, primarily related to disaggregation of revenue. We are also in the process of implementing the necessary changes to our accounting policies, procedures and controls with respect to these contracts and arrangements as required by the adoption of ASU 2014 - 09. We currently anticipate adopting this standard as of the beginning of our 2019 fiscal year using the modified retrospective method of adoption. We do not believe that the adoption of this standard will have a material impact on our financial position or results of operations. In January 2016, the FASB issued Accounting Standards Update No. 2016 - 01, Financial Instruments - Overall (Subtopic 825 - 10 ): Recognition and Measurement of Financial Assets and Financial Liabilities . ASU 2016 - 01 requires that equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) are to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Furthermore, equity investments without readily determinable fair values are to be assessed for impairment using a quantitative approach. The amendments in ASU 2016 - 01 should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption, with other amendments related specifically to equity securities without readily determinable fair values applied prospectively. The amendments in ASU 2016 - 01 will become effective for us as of the beginning of our 2019 fiscal year. The adoption of this guidance is not expected to have a material impact upon our financial condition or results of operations. In February 2016, the FASB issued Accounting Standards Update No. 2016 - 02, Leases (Topic 842 ) . The guidance in ASU 2016 - 02 (as subsequently amended by ASU 2018 - 01, ASU 2018 - 10 and ASU 2018 - 11 ) requires that a lessee recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. As with previous guidance, there continues to be a differentiation between finance leases and operating leases, however this distinction now primarily relates to differences in the manner of expense recognition over time and in the classification of lease payments in the statement of cash flows. Lease assets and liabilities arising from both finance and operating leases will be recognized in the statement of financial position. ASU 2016 - 02 leaves the accounting for leases by lessors largely unchanged from previous GAAP. The transitional guidance for adopting the requirements of ASU 2016 - 02 calls for a modified retrospective approach that includes a number of optional practical expedients that entities may elect to apply. In addition, ASU 2018 - 11 provides for an additional (and optional) transition method by which entities may elect to initially apply the transition requirements in Topic 842 at that Topic’s effective date with the effects of initially applying Topic 842 recognized as a cumulative effect adjustment to the opening balance of retained earnings in the period of adoption and without retrospective application to any comparative prior periods presented. The guidance in ASU 2016 - 02 will become effective for us as of the beginning of our 2020 fiscal year. We are currently evaluating the impact that the adoption of ASU 2016 - 02 will have on our consolidated financial statements, which we expect will have a material effect on our statement of financial position, and have not made any decision as to the method of adoption or with respect to the optional practical expedients. In August 2016, the FASB issued Accounting Standards Update No. 2016 - 15, Statement of Cash Flows (Topic 230 ): Classification of Certain Cash Receipts and Cash Payments . ASU 2016 - 15 addresses how certain cash receipts and cash payments are presented and classified in the statement of cash flows with the objective of reducing existing diversity in practice with respect to these items. Among the types of cash flows addressed are payments for costs related to debt prepayments or extinguishments, payments representing accreted interest on discounted debt, payments of contingent consideration after a business combination, proceeds from insurance claims and company-owned life insurance, and distributions from equity method investees, among others. The amendments in ASU 2016 - 15 are to be adopted retrospectively and will become effective for as at the beginning of our 2019 fiscal year. Early adoption, including adoption in an interim period, is permitted. The adoption of this guidance is not expected to have a material impact upon our presentation of cash flows. In January 2017, the FASB issued Accounting Standards Update No. 2017 - 01, Business Combinations (Topic 805 ): Clarifying the Definition of a Business . ASU 2017 - 01 provides a screen to determine when an integrated set of assets and activities (collectively referred to as a “set”) does not constitute a business. The screen requires that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. This screen reduces the number of transactions that need to be further evaluated. If the screen is not met, the amendments in ASU 2017 - 01 ( 1 ) require that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output and ( 2 ) remove the evaluation of whether a market participant could replace missing elements. The amendments in ASU 2017 - 01 shall apply prospectively and will become effective for us at the beginning of our 2019 fiscal year. The adoption of this guidance is not expected to have a material impact upon our financial condition or results of operations. In January 2017, the FASB issued Accounting Standards Update No. 2017 - 04, Intangibles – Goodwill and Other (Topic 350 ): Simplifying the Test for Goodwill Impairment . ASU 2017 - 04 eliminates Step 2 from the goodwill impairment test. Under Step 2, an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Instead, under the amendments in ASU 2017 - 04, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The amendments in ASU 2017 - 04 will become effective for us as of the beginning of our 2021 fiscal year. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of this guidance is not expected to have a material impact upon our financial condition or results of operations. In May 2017, the FASB issued Accounting Standards Update No. 2017 - 09, Compensation – Stock Compensation (Topic 718 ): Scope of Modification Accounting . ASU 2017 - 09 was issued to provide clarity and reduce both ( 1 ) diversity in practice and ( 2 ) cost and complexity when applying the guidance in Topic 718, Compensation—Stock Compensation , to a change to the terms or conditions of a share-based payment award. The amendments in this Update provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. Essentially, an entity will not have to account for the effects of a modification if: ( 1 ) The fair value of the modified award is the same immediately before and after the modification; ( 2 ) the vesting conditions of the modified award are the same immediately before and after the modification; and ( 3 ) the classification of the modified award as either an equity instrument or liability instrument is the same immediately before and after the modification. The amendments in ASU 2017 - 09 will become effective for us as of the beginning of our 2019 fiscal year. Early adoption is permitted, including adoption in any interim period. The adoption of this guidance is not expected to have a material impact upon our financial condition or results of operations. In February 2018, the FASB issued Accounting Standards Update No. 2018 - 02, Income Statement—Reporting Comprehensive Income (Topic 220 ): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . ASU 2018 - 02 was issued to provide narrow-scope guidance for entities that are required to apply the provisions of Topic 220, Income Statement—Reporting Comprehensive Income , and have items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by GAAP. The amendments in ASU 2018 - 02 allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. Consequently, the amendments eliminate the stranded tax effects resulting from the Act and will improve the usefulness of information reported to financial statement users. However, because the amendments only relate to the reclassification of the income tax effects of the Tax Cuts and Jobs Act, the underlying guidance that requires that the effect of a change in tax laws or rates be included in income from continuing operations is not affected. The amendments in ASU 2018 - 02 are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption of the amendments in this Update is permitted, including adoption in any interim period, ( 1 ) for public business entities for reporting periods for which financial statements have not yet been issued and ( 2 ) for all other entities for reporting periods for which financial statements have not yet been made available for issuance. Because the Act has had a significant impact upon the tax effects of pension costs included in our accumulated other comprehensive loss, we have adopted the guidance in ASU 2018 - 02 effective as of the beginning of the first quarter of fiscal 2018, resulting in the reclassification of $545 of tax benefits from accumulated other comprehensive loss to retained earnings (see Note 2 ). In August 2018, the FASB issued Accounting Standards Update No. 2018 - 15, Accounting Standards Update No. 2018 - 15 – Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350 - 40 ): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract , to help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement (hosting arrangement) by providing guidance for determining when the arrangement includes a software license. The amendments in ASU 2018 - 15 align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by the amendments in ASU 2018 - 15. The amendments in ASU 2018 - 15 will become effective for us as of the beginning of our 2021 fiscal year. Early adoption is permitted, including adoption in any interim period. We are currently evaluating the impact that this guidance will have upon our financial position and results of operations, if any.

Note 3 - Business Combinations (Tables)

9 Months Ended

Aug. 25, 2018

Notes Tables

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

Allocation of the fair value of consideration transferred:
Identifiable assets acquired:
Accounts receivable, net of reserve (Note 5)	$	1,507
Inventory, net of reserve (Note 6)		3,752
Prepaid expenses and other current assets		37
Intangible assets		7,360
Total identifiable assets acquired		12,656
Liabilities assumed:
Accounts payable		(357	)
Other accrued liabilities		(852	)
Total liabilities assumed		(1,209	)
Net identifiable assets acquired		11,447
Goodwill		4,109
Total net assets acquired	$	15,556

Inventory	$	343
Goodwill		312

Purchase price	$	655

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

	Useful Life
Description:	In Years		Fair Value

Trade name		Indefinite	$	6,848
Customer relationships		9		512

Total acquired intangible assets			$	7,360

Note 5 - Accounts Receivable (Tables)

9 Months Ended

Aug. 25, 2018

Notes Tables

Schedule Of Accounts Receivable [Table Text Block]

	August 25, 2018			November 25, 2017
Gross accounts receivable	$	20,466		$	20,257
Allowance for doubtful accounts		(981	)		(617	)
Accounts receivable, net	$	19,485		$	19,640

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

	2018

Balance at November 25, 2017	$	617
Acquired allowance on accounts receivable (Note 3)		50
Additions charged to expense		329
Write-offs and other reductions		(15	)
Balance at August 25, 2018	$	981

Note 6 - Inventories (Tables)

9 Months Ended

Aug. 25, 2018

Notes Tables

Schedule of Inventory, Current [Table Text Block]

	August 25, 2018			November 25, 2017
Wholesale finished goods	$	29,907		$	26,145
Work in process		504			388
Raw materials and supplies		15,432			11,808
Retail merchandise		28,159			26,173
Total inventories on first-in, first-out method		74,002			64,514
LIFO adjustment		(8,560	)		(8,143	)
Reserve for excess and obsolete inventory		(1,716	)		(1,895	)
	$	63,726		$	54,476

Activity In Reserves For Excess Quantities And Obsolete Inventory By Segment [Table Text Block]

	Wholesale Segment			Retail Segment			Total

Balance at November 25, 2017	$	1,618		$	277		$	1,895
Acquired reserve on inventory (Note 3)		50			-			50
Additions charged to expense		1,026			304			1,330
Write-offs		(1,237	)		(322	)		(1,559	)
Balance at August 25, 2018	$	1,457		$	259		$	1,716

Note 7 - Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Aug. 25, 2018

Notes Tables

Schedule of Intangible Assets and Goodwill [Table Text Block]

	August 25, 2018
	Gross Carrying Amount		Accumulated Amortization			Intangible Assets, Net
Intangibles subject to amortization
Customer relationships	$	3,550	$	(764	)	$	2,786
Technology - customized applications		834		(426	)		408

Total intangible assets subject to amortization		4,384		(1,190	)		3,194

Intangibles not subject to amortization:
Trade names		9,338		-			9,338
Goodwill		16,009		-			16,009

Total goodwill and other intangible assets	$	29,731	$	(1,190	)	$	28,541

	November 25, 2017
	Gross Carrying Amount		Accumulated Amortization			Intangible Assets, Net
Intangibles subject to amortization
Customer relationships	$	3,038	$	(574	)	$	2,464
Technology - customized applications		834		(337	)		497

Total intangible assets subject to amortization		3,872		(911	)		2,961

Intangibles not subject to amortization:
Trade names		2,490		-			2,490
Goodwill		11,900		-			11,900

Total goodwill and other intangible assets	$	18,262	$	(911	)	$	17,351

Schedule of Goodwill [Table Text Block]

	Wholesale		Retail		Logistics		Total

Balance as of November 25, 2017	$	5,045	$	1,926	$	4,929	$	11,900
Goodwill arising from acquisition of Lane Venture (Note 3)		4,109		-		-		4,109

Balance as of August 25, 2018	$	9,154	$	1,926	$	4,929	$	16,009

Finite-lived Intangible Assets Amortization Expense [Table Text Block]

	Quarter Ended				Nine Months Ended
	August 25, 2018		August 26, 2017		August 25, 2018		August 26, 2017

Intangible asset amortization expense	$	95	$	80	$	280	$	241

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Remainder of fiscal 2018	$	95
Fiscal 2019		379
Fiscal 2020		379
Fiscal 2021		379
Fiscal 2022		279
Fiscal 2023		259
Thereafter		1,424

Total	$	3,194

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

9 Months Ended

Aug. 25, 2018

Notes Tables

Schedule of Debt [Table Text Block]

	August 25, 2018

Real estate notes payable	$	436
Less current portion		(436	)

Total long-term notes payable	$	-

	November 25, 2017
	Principal Balance			Unamortized Discount			Net Carrying Amount

Zenith acquisition note payable	$	3,000		$	(13	)	$	2,987
Real estate notes payable		747			-			747

Total notes payable		3,747			(13	)		3,734
Less current portion		(3,418	)		13			(3,405	)

Total long-term notes payable	$	329		$	-		$	329

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

Remainder of fiscal 2018	$	107
Fiscal 2019		329
	$	436

Note 9 - Post Employment Benefit Obligations (Tables)

9 Months Ended

Aug. 25, 2018

Notes Tables

Schedule of Pension Liability [Table Text Block]

	August 25, 2018		November 25, 2017
Accrued compensation and benefits	$	778	$	778
Post employment benefit obligations		11,465		11,544

Total pension liability	$	12,243	$	12,322

Schedule of Net Benefit Costs [Table Text Block]

	Quarter Ended				Nine Months Ended
	August 25, 2018		August 26, 2017		August 25, 2018		August 26, 2017
Service cost	$	49	$	49	$	147	$	136
Interest cost		105		114		315		336
Amortization of prior service costs		31		24		93		49
Amortization of transition obligation		11		11		33		32
Amortization of loss		65		83		195		249

Net periodic pension cost	$	261	$	281	$	783	$	802

Schedule of Deferred Compensation Liability [Table Text Block]

	August 25, 2018		November 25, 2017
Accrued compensation and benefits	$	274	$	274
Post employment benefit obligations		2,212		1,782

Total deferred compensation liability	$	2,486	$	2,056

Recognized Deferred Compensation Expense [Table Text Block]

	Quarter Ended				Nine Months Ended
	August 25, 2018		August 26, 2017		August 25, 2018		August 26, 2 017
Deferred compensation expense	$	161	$	68	$	320	$	203

Note 11 - Commitments and Contingencies (Tables)

9 Months Ended

Aug. 25, 2018

Notes Tables

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

	Retail Stores		Distribution Centers		Transportation Equipment		Total

Remainder of fiscal 2018	$	6,243	$	1,300	$	828	$	8,371
Fiscal 2019		25,697		4,237		3,398		33,332
Fiscal 2020		24,332		3,495		3,193		31,020
Fiscal 2021		21,206		2,771		2,153		26,130
Fiscal 2022		18,299		2,583		1,432		22,314
Fiscal 2023		15,448		1,517		637		17,602
Thereafter		46,000		437		558		46,995
Total future minimum lease payments	$	157,225	$	16,340	$	12,199	$	185,764

Note 12 - Earnings Per Share (Tables)

9 Months Ended

Aug. 25, 2018

Notes Tables

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

	Net Income		Weighted Average Shares		Net Income Per Share
For the quarter ended August 25, 2018:

Basic earnings per share	$	2,945		10,666,529	$	0.28
Add effect of dilutive securities:
Options and restricted shares		-		33,188		-
Diluted earnings per share	$	2,945		10,699,717	$	0.28

For the quarter ended August 26, 2017:

Basic earnings per share	$	4,579		10,661,433	$	0.43
Add effect of dilutive securities:
Options and restricted shares		-		69,772		-
Diluted earnings per share	$	4,579		10,731,205	$	0.43

For the nine months ended August 25, 2018:

Basic earnings per share	$	6,321		10,684,720	$	0.59
Add effect of dilutive securities:
Options and restricted shares		-		46,632		-
Diluted earnings per share	$	6,321		10,731,352	$	0.59

For the nine months ended August 26, 2017:

Basic earnings per share	$	13,282		10,641,035	$	1.25
Add effect of dilutive securities:
Options and restricted shares		-		81,558		(0.01	)
Diluted earnings per share	$	13,282		10,722,593	$	1.24

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

Quarter Ended

Nine Months Ended

August 25,

2018

August 26,

2017

August 25,

2018

August 26,

2017

Unvested shares

5,292

6,538

Note 13 - Segment Information (Tables)

9 Months Ended

Aug. 25, 2018

Notes Tables

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

	Quarter Ended						Nine Months Ended
	August 25, 2018			August 26, 2017			August 25, 2018			August 26, 2017
Sales Revenue
Wholesale	$	63,847		$	61,757		$	190,735		$	186,025
Retail - Company-owned stores		65,430			67,402			198,773			196,139
Logistical services		23,536			24,925			73,714			71,885
Inter-company eliminations:
Furniture and accessories		(29,470	)		(29,007	)		(90,903	)		(88,020	)
Logistical services		(10,387	)		(10,816	)		(32,111	)		(31,751	)
Consolidated	$	112,956		$	114,261		$	340,208		$	334,278

Income from Operations
Wholesale	$	3,298		$	4,466		$	9,401		$	15,142
Retail - Company-owned stores		858			1,353			971			1,377
Logistical services		139			1,164			758			1,736
Inter-company elimination		29			277			907			1,269
Consolidated	$	4,324		$	7,260		$	12,037		$	19,524

Depreciation and Amortization
Wholesale	$	793		$	668		$	2,253		$	1,976
Retail - Company-owned stores		1,333			1,530			4,397			4,498
Logistical services		1,106			1,156			3,270			3,586
Consolidated	$	3,232		$	3,354		$	9,920		$	10,060

Capital Expenditures
Wholesale	$	1,154		$	304		$	3,484		$	4,149
Retail - Company-owned stores		3,519			1,155			7,974			6,069
Logistical services		297			186			1,174			599
Consolidated	$	4,970		$	1,645		$	12,632		$	10,817

	As of		As of
Identifiable Assets	August 25, 2018		November 25, 2017
Wholesale	$	140,100	$	152,181
Retail - Company-owned stores		93,557		89,271
Logistical services		50,827		52,296
Consolidated	$	284,484	$	293,748

Note 2 - Interim Financial Presentation (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Aug. 25, 2018	Aug. 26, 2017	Aug. 25, 2018	Aug. 26, 2017	Nov. 30, 2019	Nov. 24, 2018	Nov. 25, 2017
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent				35.00%			35.00%
Effective Income Tax Rate Reconciliation, Percent, Total	23.10%	31.40%	40.80%	32.60%
Tax Cuts and Jobs Act of 2017 Provisional Adjustment of Deferred Tax Asset Liability			$ 2,032
Excess tax Benefits on Share-based Compensation	$ 26	$ 227	223	$ 554
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount			266
Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income to Retained Earnings Per ASU 2018-02			545
ASU 2018-02 [Member]
Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income to Retained Earnings Per ASU 2018-02			$ 545
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent					21.00%	22.20%

Note 3 - Business Combinations (Details Textual) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
	Dec. 21, 2017	Feb. 25, 2017	Aug. 25, 2018
Acquisition of Lane Venture [Member]
Payments to Acquire Businesses, Gross	$ 15,556
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Accounts Receivable			$ 150
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory			(2)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Accrued Liabilities			38
Goodwill, Purchase Accounting Adjustments			(110)
Acquisition of Lane Venture [Member] \| Selling, General and Administrative Expenses [Member]
Business Combination, Acquisition Related Costs			$ 256
Bassett Home Furnishings, Columbus, Ohio [Member]
Business Combination, Consideration Transferred, Total		$ 655

Note 3 - Business Combinations - Acquisitions (Details) - USD ($) $ in Thousands	Aug. 25, 2018	Dec. 21, 2017	Nov. 25, 2017	Feb. 25, 2017
Goodwill	$ 16,009		$ 11,900
Bassett Home Furnishings, Columbus, Ohio [Member]
Inventory, net of reserve (Note 6)				$ 343
Goodwill				312
Total net assets acquired				$ 655
Acquisition of Lane Venture [Member]
Accounts receivable, net of reserve (Note 5)		$ 1,507
Inventory, net of reserve (Note 6)		3,752
Prepaid expenses and other current assets		37
Intangible assets		7,360
Total identifiable assets acquired		12,656
Accounts payable		(357)
Other accrued liabilities		(852)
Total liabilities assumed		(1,209)
Net identifiable assets acquired		11,447
Goodwill		4,109
Total net assets acquired		$ 15,556

Note 3 - Business Combinations - Acquired Identifiable Intangible Assets (Details) - Acquisition of Lane Venture [Member] $ in Thousands	Dec. 21, 2017 USD ($)
Intangible assets	$ 7,360
Customer Relationships [Member]
Intangible assets	$ 512
Useful Life (Year)	9 years
Trade Names [Member]
Intangible assets	$ 6,848

Note 4 - Financial Instruments and Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	6 Months Ended	9 Months Ended
	May 26, 2018	Aug. 25, 2018	Nov. 25, 2017
Short-term Investments, Total		$ 22,643	$ 23,125
Minimum [Member]
Interest Rate of Certificates of Deposit	0.10%
Maximum [Member]
Interest Rate of Certificates of Deposit		2.45%
Weighted Average [Member]
Interest Rate of Certificates of Deposit		2.11%

Note 5 - Accounts Receivable - Accounts Receivable (Details) - USD ($) $ in Thousands	Aug. 25, 2018	Nov. 25, 2017
Gross accounts receivable	$ 20,466	$ 20,257
Allowance for doubtful accounts	(981)	(617)
Accounts receivable, net	$ 19,485	$ 19,640

Note 5 - Accounts Receivable - Activity in Allowance for Doubtful Accounts (Details) $ in Thousands	9 Months Ended
	Aug. 25, 2018 USD ($)
Balance, beginning	$ 617
Acquired allowance on accounts receivable (Note 3)	50
Additions charged to expense	329
Write-offs and other reductions	(15)
Balance, ending	$ 981

Note 6 - Inventories - Inventories (Details) - USD ($) $ in Thousands	Aug. 25, 2018	Nov. 25, 2017
Wholesale finished goods	$ 29,907	$ 26,145
Work in process	504	388
Raw materials and supplies	15,432	11,808
Retail merchandise	28,159	26,173
Total inventories on first-in, first-out method	74,002	64,514
LIFO adjustment	(8,560)	(8,143)
Reserve for excess and obsolete inventory	(1,716)	(1,895)
Inventory, net	$ 63,726	$ 54,476

Note 6 - Inventories - Activity in Reserves for Excess Quantities and Obsolete Inventory by Segment (Details) $ in Thousands	9 Months Ended
	Aug. 25, 2018 USD ($)
Balance, beginning	$ 1,895
Acquired reserve on inventory (Note 3)	50
Additions charged to expense	1,330
Write-offs	(1,559)
Balance, ending	1,716
Operating Segments [Member] \| Wholesale Segment [Member]
Balance, beginning	1,618
Acquired reserve on inventory (Note 3)	50
Additions charged to expense	1,026
Write-offs	(1,237)
Balance, ending	1,457
Operating Segments [Member] \| Retail Segment [Member]
Balance, beginning	277
Acquired reserve on inventory (Note 3)
Additions charged to expense	304
Write-offs	(322)
Balance, ending	$ 259

Note 7 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Thousands	Aug. 25, 2018	Nov. 25, 2017
Goodwill, Impaired, Accumulated Impairment Loss	$ 0	$ 0

Note 7 - Goodwill and Other Intangible Assets - Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	Aug. 25, 2018	Nov. 25, 2017
Intangibles subject to amortization, Gross Carrying Amount	$ 4,384	$ 3,872
Intangibles subject to amortization, Accumulated Amortization	(1,190)	(911)
Intangibles subject to amortization, Intangible Assets, Net	3,194	2,961
Trade names	9,338	2,490
Goodwill	16,009	11,900
Total goodwill and other intangible assets	29,731	18,262
Total goodwill and other intangible assets	28,541	17,351
Customer Relationships [Member]
Intangibles subject to amortization, Gross Carrying Amount	3,550	3,038
Intangibles subject to amortization, Accumulated Amortization	(764)	(574)
Intangibles subject to amortization, Intangible Assets, Net	2,786	2,464
Technology-Based Intangible Assets [Member]
Intangibles subject to amortization, Gross Carrying Amount	834	834
Intangibles subject to amortization, Accumulated Amortization	(426)	(337)
Intangibles subject to amortization, Intangible Assets, Net	$ 408	$ 497

Note 7 - Goodwill and Other Intangible Assets - Changes in Carrying Amount of Goodwill by Reportable Segment (Details) $ in Thousands	9 Months Ended
	Aug. 25, 2018 USD ($)
Balance, beginning	$ 11,900
Goodwill arising from acquisition of Lane Venture (Note 3)	4,109
Balance, ending	16,009
Wholesale Segment [Member]
Balance, beginning	5,045
Goodwill arising from acquisition of Lane Venture (Note 3)	4,109
Balance, ending	9,154
Retail Segment [Member]
Balance, beginning	1,926
Goodwill arising from acquisition of Lane Venture (Note 3)
Balance, ending	1,926
Logistical Services [Member]
Balance, beginning	4,929
Goodwill arising from acquisition of Lane Venture (Note 3)
Balance, ending	$ 4,929

Note 7 - Goodwill and Other Intangible Assets - Amortization Expense With Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2018	Aug. 26, 2017	Aug. 25, 2018	Aug. 26, 2017
Intangible asset amortization expense	$ 95	$ 80	$ 280	$ 241

Note 7 - Goodwill and Other Intangible Assets - Estimated Future Amortization Expense for Intangible Assets (Details) - USD ($) $ in Thousands	Aug. 25, 2018	Nov. 25, 2017
Remainder of fiscal 2018	$ 95
Fiscal 2019	379
Fiscal 2020	379
Fiscal 2021	379
Fiscal 2022	279
Fiscal 2023	259
Thereafter	1,424
Total	$ 3,194	$ 2,961

Note 8 - Notes Payable and Bank Credit Facility (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Aug. 26, 2017	Aug. 25, 2018	Aug. 26, 2017	Nov. 25, 2017
Long-term Debt, Total		$ 436		$ 3,734
Long-term Debt, Current Maturities, Total		436		3,405
Bank One [Member]
Line of Credit Facility, Maximum Borrowing Capacity		15,000
Letters of Credit Outstanding, Amount		1,382
Line of Credit Facility, Remaining Borrowing Capacity		13,618
Bank Two [Member]
Letters of Credit Outstanding, Amount		381
Real Estate Notes Payable Operated in Retail Segment [Member]
Long-term Debt, Total		$ 436		747
Debt Instrument, Interest Rate, Stated Percentage		6.73%
Long-term Debt, Current Maturities, Total		$ 436		418
Real Estate Notes Payable Operated in Retail Segment [Member] \| Financed Through Commercial Mortgages [Member]
Debt Instrument, Collateral Amount		5,631		$ 5,727
Zenith Freight Lines [Member] \| Unsecured Debt [Member]
Amortization of Debt Discount (Premium)	$ 19	$ 13	$ 76

Note 8 - Notes Payable and Bank Credit Facility - Real Estate Notes Payable and Bank Debt (Details) - USD ($) $ in Thousands	Aug. 25, 2018	Nov. 25, 2017
Real estate notes payable	$ 436	$ 3,734
Less current portion	(436)	(3,405)
Total long-term notes payable		329
Principal Balance	$ 436	3,747
Unamortized Discount		(13)
Principal Balance, less current portion		(3,418)
Unamortized discount, current portion		13
Principal Balance, excluding current portion		329
Unamortized discount, noncurrent portion
Zenith Note Payable [Member]
Real estate notes payable		2,987
Principal Balance		3,000
Unamortized Discount		(13)
Real Estate Notes Payable [Member]
Real estate notes payable		747
Principal Balance		747
Unamortized Discount

Note 8 - Notes Payable and Bank Credit Facility - Maturities of Notes Payable (Details) - USD ($) $ in Thousands	Aug. 25, 2018	Nov. 25, 2017
Remainder of fiscal 2018	$ 107
Fiscal 2019	329
Total repayments of principal	$ 436	$ 3,747

Note 9 - Post Employment Benefit Obligations (Details Textual) - USD ($) $ in Thousands	May 02, 2017	Aug. 25, 2018	Nov. 25, 2017
Postemployment Benefits Liability, Noncurrent		$ 13,677	$ 13,326
Deferred Compensation, Management Savings Plan [Member]
Deferred Compensation Arrangement with Individual, Recorded Liability			139
Unfunded Deferred Compensation Plan [Member]
Postemployment Benefits Liability, Noncurrent		1,857	1,916
Deferred Compensation, Management Savings Plan [Member]
Deferred Compensation Arrangement with Individual, Recorded Liability		629
Management Savings Plan [member]
Defined Benefit Plan, Fixed Future Benefit Award	$ 2,000
Defined Benefit Plan, Fixed Future Benefit Award, Individual Participants	$ 400
Liability, Defined Benefit Pension Plan		1,055	985
Supplemental Employee Retirement Plan [Member]
Postemployment Benefits Liability, Total		$ 11,188	$ 11,337

Note 9 - Post Employment Benefit Obligations - Pension Liability (Details) - USD ($) $ in Thousands	Aug. 25, 2018	Nov. 25, 2017
Post employment benefit obligations	$ 13,677	$ 13,326
Pension Plans Defined Benefit and Supplemental Employee Retirement Plan [Member]
Accrued compensation and benefits	778	778
Post employment benefit obligations	11,465	11,544
Total pension liability	$ 12,243	$ 12,322

Note 9 - Post Employment Benefit Obligations - Components of Net Periodic Pension Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2018	Aug. 26, 2017	Aug. 25, 2018	Aug. 26, 2017
Service cost	$ 49	$ 49	$ 147	$ 136
Interest cost	105	114	315	336
Amortization of prior service costs	31	24	93	49
Amortization of transition obligation	11	11	33	32
Amortization of loss	65	83	195	249
Net periodic pension cost	$ 261	$ 281	$ 783	$ 802

Note 9 - Post Employment Benefit Obligations - Deferred Compensation Liability (Details) - USD ($) $ in Thousands	Aug. 25, 2018	Nov. 25, 2017
Post employment benefit obligations	$ 13,677	$ 13,326
Deferred Compensation Plans [Member]
Accrued compensation and benefits	274	274
Post employment benefit obligations	2,212	1,782
Total deferred compensation liability	$ 2,486	$ 2,056

Note 9 - Post Employment Benefit Obligations - Recognized Deferred Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2018	Aug. 26, 2017	Aug. 25, 2018	Aug. 26, 2017
Unfunded Deferred Compensation Plan [Member]
Deferred compensation expense	$ 161	$ 68	$ 320	$ 203

Note 10 - Other Gains and Losses (Details Textual) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended
	Nov. 27, 2016	Apr. 30, 2017	Aug. 25, 2018	Aug. 26, 2017	Aug. 25, 2018	Aug. 26, 2017	Mar. 31, 2017
Proceeds from Sale of Property, Plant, and Equipment, Total					$ 2,488	$ 4,474
Gain (Loss) on Disposition of Property Plant Equipment, Total					130	1,278
Impairment of Real Estate						1,084
Minority Interest in Privately-held, Start-up Provider of Property and Casualty Insurance [Member]
Cost Method Investments, Original Cost							$ 325
Proceeds from Sale of Long-term Investments		$ 3,592
Cost-method Investments, Realized Gains						3,267
Land and Building occupied by Spring, Texas Retail Store [Member]
Proceeds from Sale of Property, Plant, and Equipment, Total					2,463
Gain (Loss) on Disposition of Property Plant Equipment, Total					$ 165
Former Retail Store, Las Vegas, Nevada [Member]
Proceeds from Sale of Property, Plant, and Equipment, Total	$ 4,335
Former Retail Store, Las Vegas, Nevada [Member] \| Selling, General and Administrative Expenses [Member]
Gain (Loss) on Disposition of Property Plant Equipment, Total				$ 1,220		$ 1,220

Note 11 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Aug. 25, 2018	Nov. 25, 2017
Accrued Rent	$ 5,578	$ 4,821
Lease Obligations of Licensee Operators [Member]
Loss Contingency, Estimate of Possible Loss	$ 2,168	$ 2,743
Minimum [Member]
Operating Lease, Lease Term	1 year
Renewal Term On Operating Lease	5 years
Lease Guarantees Term	1 year
Minimum [Member] \| Transportation Equipment [Member]
Lessee, Operating Lease, Term of Contract	2 years
Maximum [Member]
Operating Lease, Lease Term	15 years
Renewal Term On Operating Lease	15 years
Lease Guarantees Term	10 years
Maximum [Member] \| Transportation Equipment [Member]
Lessee, Operating Lease, Term of Contract	7 years

Note 11 - Commitments and Contingencies - Future Minimum Lease Payments Under the Non-cancellable Operating Leases (Details) $ in Thousands	Aug. 25, 2018 USD ($)
Remainder of fiscal 2018	$ 8,371
Fiscal 2019	33,332
Fiscal 2020	31,020
Fiscal 2021	26,130
Fiscal 2022	22,314
Fiscal 2023	17,602
Thereafter	46,995
Total future minimum lease payments	185,764
Retail Stores [Member]
Remainder of fiscal 2018	6,243
Fiscal 2019	25,697
Fiscal 2020	24,332
Fiscal 2021	21,206
Fiscal 2022	18,299
Fiscal 2023	15,448
Thereafter	46,000
Total future minimum lease payments	157,225
Distribution Centers [Member]
Remainder of fiscal 2018	1,300
Fiscal 2019	4,237
Fiscal 2020	3,495
Fiscal 2021	2,771
Fiscal 2022	2,583
Fiscal 2023	1,517
Thereafter	437
Total future minimum lease payments	16,340
Transportation Equipment Leases [Member]
Remainder of fiscal 2018	828
Fiscal 2019	3,398
Fiscal 2020	3,193
Fiscal 2021	2,153
Fiscal 2022	1,432
Fiscal 2023	637
Thereafter	558
Total future minimum lease payments	$ 12,199

Note 12 - Earnings Per Share - Reconciliation of Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2018	Aug. 26, 2017	Aug. 25, 2018	Aug. 26, 2017
Basic earnings (loss) per share, net income (loss)	$ 2,945	$ 4,579	$ 6,321	$ 13,282
Basic earnings (loss) per share, weighted average shares (in shares)	10,666,529	10,661,433	10,684,720	10,641,035
Basic earnings per share (in dollars per share)	$ 0.28	$ 0.43	$ 0.59	$ 1.25
Options and restricted shares, weighted average shares (in shares)	33,188	69,772	46,632	81,558
Options and restricted shares, net income per share (in dollars per share)				$ (0.01)
Diluted earnings (loss) per share, net income (loss)	$ 2,945	$ 4,579	$ 6,321	$ 13,282
Diluted earnings (loss) per share, weighted average shares (in shares)	10,699,717	10,731,205	10,731,352	10,722,593
Diluted earnings per share (in dollars per share)	$ 0.28	$ 0.43	$ 0.59	$ 1.24

- Definition

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

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- Definition

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

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+ Details

Note 12 - Earnings Per Share - Antidilutive Securities (Details) - shares	3 Months Ended		9 Months Ended
	Aug. 25, 2018	Aug. 26, 2017	Aug. 25, 2018	Aug. 26, 2017
Unvested Shares [Member]
Anti-dilutive securities (in shares)			5,292	6,538

Note 13 - Segment Information (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2018 USD ($)	Aug. 26, 2017 USD ($)	Aug. 25, 2018 USD ($)	Aug. 26, 2017 USD ($)
Number of Reportable Segments			3
SGA Expenses Excluding New Store Pre-opening Costs	$ 63,279	$ 61,373	$ 192,986	$ 180,972
Zenith Freight Lines [Member]
SGA Expenses Excluding New Store Pre-opening Costs	$ 23,396	$ 23,761	$ 72,955	$ 70,149

Note 13 - Segment Information - Segment Information by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2018	Aug. 26, 2017	Aug. 25, 2018	Aug. 26, 2017	Nov. 25, 2017
Sales revenue	$ 112,956	$ 114,261	$ 340,208	$ 334,278
Income (loss) from Operations	4,324	7,260	12,037	19,524
Depreciation and amortization	3,232	3,354	9,920	10,060
Capital expenditures	4,970	1,645	12,632	10,817
Identifiable Assets	284,484		284,484		$ 293,748
Operating Segments [Member] \| Wholesale Segment [Member]
Sales revenue	63,847	61,757	190,735	186,025
Income (loss) from Operations	3,298	4,466	9,401	15,142
Depreciation and amortization	793	668	2,253	1,976
Identifiable Assets	140,100		140,100		152,181
Operating Segments [Member] \| Wholesale Segment [Member] \| Non-cash Change in Accounts Payable Related to Property, Plant, and Equipment [Member]
Capital expenditures	1,154	304	3,484	4,149
Operating Segments [Member] \| Company-owned Retail Stores [Member]
Sales revenue	65,430	67,402	198,773	196,139
Income (loss) from Operations	858	1,353	971	1,377
Depreciation and amortization	1,333	1,530	4,397	4,498
Identifiable Assets	93,557		93,557		89,271
Operating Segments [Member] \| Company-owned Retail Stores [Member] \| Non-cash Change in Accounts Payable Related to Property, Plant, and Equipment [Member]
Capital expenditures	3,519	1,155	7,974	6,069
Operating Segments [Member] \| Logistical Services [Member]
Sales revenue	23,536	24,925	73,714	71,885
Income (loss) from Operations	139	1,164	758	1,736
Depreciation and amortization	1,106	1,156	3,270	3,586
Identifiable Assets	50,827		50,827		$ 52,296
Operating Segments [Member] \| Logistical Services [Member] \| Non-cash Change in Accounts Payable Related to Property, Plant, and Equipment [Member]
Capital expenditures	297	186	1,174	599
Intersegment Eliminations [Member]
Income (loss) from Operations	29	277	907	1,269
Intersegment Eliminations [Member] \| Logistical Services [Member]
Sales revenue	(10,387)	(10,816)	(32,111)	(31,751)
Intersegment Eliminations [Member] \| Furniture and Accessories [Member]
Sales revenue	$ (29,470)	$ (29,007)	$ (90,903)	$ (88,020)

Note 14 - Recent Accounting Pronouncements (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 25, 2018	Aug. 26, 2017	Aug. 25, 2018	Aug. 26, 2017
Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income to Retained Earnings Per ASU 2018-02			$ 545
ASU 2018-02 [Member]
Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income to Retained Earnings Per ASU 2018-02			$ 545