Bassett Furniture Industries (BSET) 10-Q 9 Apr 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Feb. 28, 2015	Mar. 27, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	BASSETT FURNITURE INDUSTRIES INC
Document Type	10-Q
Current Fiscal Year End Date	-17
Entity Common Stock, Shares Outstanding		10,755,830
Amendment Flag	FALSE
Entity Central Index Key	10329
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	28-Feb-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Feb. 28, 2015	Mar. 01, 2014
Sales revenue:
Furniture and accessories	$89,548	$75,647
Logistics	3,259
Total sales revenue	92,807	75,647
Cost of furniture and accessories sold	41,930	35,394
Selling, general and administrative expenses excluding new store pre-opening costs	47,475	38,580
New store pre-opening costs		587
Lease exit costs	419
Asset impairment charges	106
Income from operations	2,877	1,086
Remeasurement gain on acquisition of affiliate	7,212
Other income (loss), net	-622	285
Income before income taxes	9,467	1,371
Income tax expense	3,511	528
Net income	5,956	843
Retained earnings-beginning of period	106,339	104,526
Cash dividends	-821	-656
Retained earnings-end of period	$111,474	$104,713
Basic earnings per share (in Dollars per share)	$0.57	$0.08
Diluted earnings per share (in Dollars per share)	$0.56	$0.08
Dividends per share (in Dollars per share)	$0.08	$0.06

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Mar. 01, 2014
Net income	$5,956	$843
Other comprehensive income:
Amortization associated with supplemental executive retirement defined benefit plan (SERP)	59	41
Income taxes related to SERP	-22	-16
Other comprehensive income, net of tax	37	25
Total comprehensive income	$5,993	$868

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (current period unaudited) (USD $)	Feb. 28, 2015	Nov. 29, 2014
In Thousands, unless otherwise specified
Current assets
Cash and cash equivalents	$12,256	$26,673
Short-term investments	23,125	23,125
Accounts receivable, net	17,683	15,228
Inventories	61,676	57,272
Deferred income taxes	5,288	5,268
Other current assets	13,449	7,796
Total current assets	133,477	135,362
Property and equipment, net	94,574	74,812
Deferred income taxes	5,412	9,701
Goodwill and other intangible assets	18,341	1,730
Other	8,611	19,141
Total long-term assets	32,364	30,572
Total assets	260,415	240,746
Accounts payable	19,715	22,251
Accrued compensation and benefits	8,546	8,931
Customer deposits	25,325	22,202
Dividends payable		2,102
Current portion of long-term debt	4,586	316
Other accrued liabilities	10,679	10,971
Total current liabilities	68,851	66,773
Long-term liabilities
Post employment benefit obligations	11,444	11,498
Notes payable	10,708	1,902
Other long-term liabilities	3,701	3,741
Total long-term liabilities	25,853	17,141
Common stock	53,792	52,467
Retained earnings	111,474	106,339
Additional paid-in capital	2,382
Accumulated other comprehensive loss	-1,937	-1,974
Total stockholders' equity	165,711	156,832
Total liabilities and stockholders’ equity	$260,415	$240,746

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Mar. 01, 2014
Operating activities:
Net income	$5,956	$843
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	2,146	1,692
Equity in undistributed income of investments and unconsolidated affiliated companies	-220	-65
Provision for restructuring and asset impairment charges	106
Non-cash portion of lease exit costs	419
Remeasurement gain on acquisition of affiliate	-7,212
Deferred income taxes	4,278	12
Other, net	549	-699
Changes in operating assets and liabilities:
Accounts receivable	1,021	1,450
Inventories	-4,404	-776
Other current assets	-2,325	14
Customer deposits	3,122	2,896
Accounts payable and accrued liabilities	-4,341	-29
Net cash provided by (used in) operating activities	-905	5,338
Investing activities:
Purchases of property and equipment	-3,918	-6,899
Proceeds from sales of property and equipment		1,407
Cash paid for business acquisition, net of cash acquired	-7,374
Capital contribution to affiliate	-1,345
Proceeds from maturity of short-term investments		5,000
Other		48
Net cash used in investing activities	-12,637	-444
Financing activities:
Cash dividends	-2,923	-2,828
Proceeds from the exercise of stock options	1,410
Other issuance of common stock	85	82
Repurchases of common stock	-191	-287
Excess tax benefits from stock-based compensation	456
Repayments of notes payable	-372	-68
Proceeds from equipment loans	660
Net cash used in financing activities	-875	-3,101
Change in cash and cash equivalents	-14,417	1,793
Cash and cash equivalents - beginning of period	26,673	12,733
Cash and cash equivalents - end of period	$12,256	$14,526

Note_1_Basis_of_Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Feb. 28, 2015
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete financial statements. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included.
	References to “ASC” included hereinafter refer to the Accounting Standards Codification established by the Financial Accounting Standards Board as the source of authoritative GAAP.
	The condensed consolidated financial statements include the accounts of Bassett Furniture Industries, Incorporated (“Bassett”, “we”, “our”, or the “Company”) and our wholly-owned subsidiaries of which we have a controlling interest. The equity method of accounting was used for our investment in an affiliated company in which we exercised significant influence but did not maintain a controlling interest prior to the Zenith acquisition mentioned following. 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.
	For comparative purposes, certain amounts from 2014 have been reclassified to conform to the 2015 presentation.
	Zenith Acquisition
	Prior to February 2, 2015 we held a 49% interest in Zenith Freight Lines, LLC (“Zenith”) for which we used the equity method of accounting. On February 2, 2015 we acquired the remaining 51% ownership interest (see Note 3, Business Combinations). Accordingly, the results of Zenith have been consolidated with our results since the date of the acquisition. Sales of logistical services from Zenith to our wholesale and retail segments have been eliminated, and Zenith’s operating costs and expenses since the date of acquisition are included in selling, general and administrative expenses in our condensed consolidated statements of net income. Our equity in the earnings of Zenith prior to the date of the acquisition is included in other income (loss), net, in the accompanying condensed consolidated statements of income.

Note_2_Interim_Financial_Prese

Note 2 - Interim Financial Presentation	3 Months Ended
	Feb. 28, 2015
Disclosure Text Block Supplement [Abstract]
Condensed Financial Statements [Text Block]	2. Interim Financial Presentation
	All intercompany accounts and transactions have been eliminated in the condensed consolidated financial statements. The results of operations for the three months ended February 28, 2015 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 29, 2014.
	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. Our effective tax rates for the quarters ended February 28, 2015 and March 1, 2014 differ from the federal statutory rate primarily due to the effects of state income taxes and various permanent differences.

Note_3_Business_Combination_Ac

Note 3 - Business Combination - Acquisition of Zenith	3 Months Ended
	Feb. 28, 2015
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	3. Business Combination – Acquisition of Zenith
	Prior to February 2, 2015 we held a 49% interest in Zenith for which we used the equity method of accounting. Zenith provides domestic transportation and warehousing services primarily to furniture manufacturers and distributors and also provides home delivery services to furniture retailers. We historically have contracted with Zenith to provide substantially all of our domestic freight, transportation and warehousing needs for the wholesale business. In addition, Zenith provides home delivery services for many of our Company-owned retail stores. On February 2, 2015, we acquired the remaining 51% of Zenith in exchange for cash, Bassett common stock and a note payable with a total fair value of $19,111. The value of the Bassett common stock was based on the closing market price of our shares on the acquisition date, discounted for lack of marketability due to restrictions on the seller’s ability to transfer the shares. The restrictions on one half of the shares expire on the first anniversary of the acquisition, with the remainder expiring on the second anniversary. The note is payable in three annual installments of $3,000 each beginning February 2, 2016, and has been discounted to its fair value as of the date of the acquisition based on our estimated borrowing rate.
	The carrying value of our 49% interest in Zenith prior to the acquisition was $9,480 (see Note 7, unconsolidated affiliated company). In connection with the acquisition, this investment was remeasured to a fair value of $16,692 resulting in the recognition of a gain of $7,212 during the quarter ended February 28, 2015. The impact of this gain upon our basic and diluted earnings per share is approximately $0.42, net of the related tax expense. The remeasured fair value of our prior interest in Zenith was estimated based on the fair value of the consideration transferred to acquire the remaining 51% of Zenith less an estimated control premium.
	Under the acquisition method of accounting, the fair value of the consideration transferred along with the fair value of our previous 49% interest in Zenith 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 total fair value of the acquired business was determined as follows:
	Fair value of consideration transferred in exchange for 51% of Zenith:
	Cash	$	9,000
	Bassett common stock, 89,485 shares, par value $5.00 per share, fair value at closing $18.72 per share		1,675
	Note payable		8,436
	Total fair value of consideration transferred to seller		19,111
	Less effective settlement of previous amounts payable to Zenith at acquisition		(3,622	)
	Total fair value of consideration net of effective settlement		15,489
	Fair value of Bassett's previous 49% interest in Zenith		16,692
	Total fair value of acquired business	$	32,181
	The preliminary allocation of the fair value of the acquired business was based upon 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. The preliminary allocation of the fair value of the acquired business is as follows:
	Allocation of the fair value of consideration transferred:
	Identifiable assets acquired:
	Acquired cash and cash equivalents	$	1,626
	Accounts receivable, net		3,399
	Prepaid expenses and other current assets		493
	Property and equipment		18,109
	Other long-term assets		646
	Intangible assets		6,362
	Total identifiable assets acquired		30,635
	Liabilities assumed:
	Accounts payable and accrued liabilities		(4,417	)
	Notes payable		(4,329	)
	Total liabilities assumed		(8,746	)
	Net identifiable assets acquired		21,889
	Goodwill		10,292
	Total net assets acquired	$	32,181
	Goodwill was determined based on the residual difference between the fair value of the consideration transferred and the value assigned to tangible and intangible assets and liabilities and is deductible for tax purposes. Among the factors that contributed to a purchase price resulting in the recognition of goodwill were Zenith’s reputation for best-in-class, fully integrated logistical services which are uniquely tailored to the needs of the furniture industry, as well as their ability to provide expedited delivery service which is increasingly in demand in the furniture industry.
	A portion of the fair value of consideration transferred has been provisionally assigned to identifiable intangible assets as follows:
		Useful Life
	Description:	In Years			Fair Value
	Customer relationships		15		$	3,038
	Trade names	Indefinite				2,490
	Technology - customized applications		7			834
	Total acquired intangible assets				$	6,362
	The finite-lived intangible assets are being amortized on a straight-line basis over their useful lives. 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 2 and Level 3 inputs as specified in the fair value hierarchy in ASC 820, Fair Value Measurements and Disclosures. See Note 12.
	Acquisition costs related to the Zenith acquisition totaled $121 during the quarter ended February 28, 2015 and are included in selling, general and administrative expenses in the condensed consolidated statements of income. Approximately $100 of additional acquisition costs related to Zenith are expected to be incurred during the remainder of 2015. The acquisition costs are primarily related to legal, accounting and valuation services.
	The revenue of Zenith since February 2, 2015 that is included in our condensed consolidated statement of income for the quarter ended February 28, 2015 is $3,259 after the elimination of intercompany transactions. Net income of Zenith since the date of acquisition is not material. The pro forma results of operations for the acquisition of Zenith have not been presented because they are not material to our consolidated results of operations.

Note_4_Goodwill_and_Other_Inta

Note 4 - Goodwill and Other Intangible Assets	3 Months Ended
	Feb. 28, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	4. Goodwill and Other Intangible Assets
	At February 28, 2015 goodwill and other intangible assets consisted of the following:
		Gross Carrying Amount		Accumulated Amortization			Intangible Assets, Net
	Intangibles subject to amortization
	Customer relationships	$	3,038	$	(29	)	$	3,009
	Technology - customized applications		834		(13	)		821
	Total intangible assets subject to amortization		3,872		(42	)		3,830
	Intangibles not subject to amortization:
	Trade names		2,490		-			2,490
	Goodwill		12,021		-			12,021
	Total goodwill and other intangible assets	$	18,383	$	(42	)	$	18,341
	At November 29, 2014 our only intangible asset was goodwill with a carrying value of $1,731.
	Changes in the carrying amounts of goodwill by reportable segment were as follows:
		Wholesale		Retail			Logistics		Total
	Balance as of November 29, 2014	$	1,129	$	602		$	-	$	1,731
	Goodwill arising from acquisition of Zenith		3,874		1,271			5,145		10,290
	Balance as of February 28, 2015	$	5,003	$	1,873		$	5,145	$	12,021
	The goodwill recognized in connection with our acquisition of Zenith remains subject to future adjustments before the close of the measurement period in the first quarter of fiscal 2016. Refer to Note 3, Business Combinations, for additional information regarding the Zenith acquisition. There were no accumulated impairment losses on goodwill as of February 28, 2015 or November 29, 2014.
	Amortization expense associated with intangible assets during the quarters ended February 28, 2015 and March 1, 2014 was $42 and $0, respectively. Estimated future amortization expense for intangible assets that exist at February 28, 2015 is as follows:
	Remainder of fiscal 2015	$	240
	Fiscal 2016		322
	Fiscal 2017		322
	Fiscal 2018		322
	Fiscal 2019		322
	Fiscal 2020		322
	Thereafter		1,980
	Total	$	3,830

Note_5_Accounts_Receivable

Note 5 - Accounts Receivable	3 Months Ended
	Feb. 28, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	5. Accounts Receivable
	Accounts receivable consists of the following:
		28-Feb-15			29-Nov-14
	Gross accounts receivable	$	19,086		$	16,477
	Allowance for doubtful accounts		(1,403	)		(1,249	)
	Accounts receivable, net	$	17,683		$	15,228
	At February 28, 2015 and November 29, 2014 approximately 38% and 46%, respectively, of gross accounts receivable, and approximately 48% and 58%, respectively, of the allowance for doubtful accounts were attributable to amounts owed to us by our licensees. Our remaining receivables are primarily due from national account customers and traditional distribution channel customers.
	Activity in the allowance for doubtful accounts for the three months ended February 28, 2015 was as follows:
		2015
	Balance at November 29, 2014	$	1,249
	Acquired allowance on accounts receivable (Note 3)		209
	Reductions to allowance		(55	)
	Balance at February 28, 2015	$	1,403
	We believe that the carrying value of our net accounts receivable approximates fair value. The inputs into these fair value estimates reflect our market assumptions and are not observable. Consequently, the inputs are considered to be Level 3 as specified in the fair value hierarchy in ASC Topic 820, Fair Value Measurements and Disclosures. See Note 12.

Note_6_Inventories

Note 6 - Inventories	3 Months Ended
	Feb. 28, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	6. Inventories
	Inventories are valued at the lower of cost or market. Cost is determined for domestic furniture inventories using the last-in, first-out (LIFO) method. The costs for imported inventories are determined using the first-in, first-out (FIFO) method.
	Inventories were comprised of the following:
		28-Feb-15			29-Nov-14
	Wholesale finished goods	$	33,635		$	31,399
	Work in process		357			298
	Raw materials and supplies		9,663			8,109
	Retail merchandise		26,963			26,428
	Total inventories on first-in, first-out method		70,618			66,234
	LIFO adjustment		(7,554	)		(7,550	)
	Reserve for excess and obsolete inventory		(1,388	)		(1,412	)
		$	61,676		$	57,272
	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 29, 2014	$	1,060		$	352		$	1,412
	Additions charged to expense		268			95			363
	Write-offs		(285	)		(102	)		(387	)
	Balance at February 28, 2015	$	1,043		$	345		$	1,388
	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 2015 and do not anticipate that our methodology is likely to change in the future.

Note_7_Unconsolidated_Affiliat

Note 7 - Unconsolidated Affiliated Company	3 Months Ended
	Feb. 28, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	7. Unconsolidated Affiliated Company
	Prior to February 2, 2015 we owned 49% of Zenith and accounted for our investment under the equity method. Our investment in Zenith at November 29, 2014 was $7,915 and is included in other assets in our condensed consolidated balance sheet. The balance of our investment in Zenith was adjusted for our equity in the earnings of Zenith through February 2, 2015 of $220, and increased by $1,345 representing our 49% share of a $2,745 capital contribution made to Zenith, a portion of which was used for retirement of certain of Zenith’s debt prior to the acquisition. This activity resulted in carrying value for our investment in Zenith of $9,480 on the date of acquisition. See Note 3 regarding the remeasurement of this carrying value to fair value in connection with the acquisition and the resulting gain.
	At November 29, 2014, we owed Zenith $2,628 for services rendered to us. We believe the transactions with Zenith were recorded at current market rates. Prior to our acquisition on February 2, 2015, we recorded the following income from Zenith in other income (loss), net, in our condensed consolidated statements of income:
		Quarter Ended
		28-Feb-15		1-Mar-14
	Earnings recognized	$	220	$	65

Note_8_Notes_Payable_and_Bank_

Note 8 - Notes Payable and Bank Credit Facility	3 Months Ended
	Feb. 28, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	8. Notes Payable and Bank Credit Facility
	Our notes payable consist of the following:
		28-Feb-15
		Principal			Unamortized			Net Carrying
		Balance			Discount			Amount
	Zenith acquisition note payable	$	9,000		$	(541	)	$	8,459
	Transportation equipment notes payable		3,229			-			3,229
	Real estate notes payable		3,606			-			3,606
	Total Debt		15,835			(541	)		15,294
	Less current portion		(4,881	)		295			(4,586	)
	Total long-term debt	$	10,954		$	(246	)	$	10,708
		29-Nov-14
		Principal			Unamortized			Net Carrying
		Balance			Discount			Amount
	Real estate notes payable	$	2,218		$	-		$	2,218
	Less current portion		(316	)		-			(316	)
	Total long-term debt	$	1,902		$	-		$	1,902
	The future maturities of our notes payable are as follows:
	Remainder of fiscal 2015	$	1,500
	Fiscal 2016		5,560
	Fiscal 2017		4,165
	Fiscal 2018		3,720
	Fiscal 2019		486
	Fiscal 2020		404
	Thereafter		-
		$	15,835
	Zenith Acquisition Note Payable
	As part of the consideration given for our acquisition of Zenith on February 2, 2015, we issued an unsecured note payable to the former owner in the amount of $9,000. The note is payable in three annual installments $3,000 beginning February 2, 2016. Interest is payable annually at the one year LIBOR rate, which was established at 0.62% on February 2, 2015 and resets on each anniversary of the note. The note was recorded at its fair value in connection with the acquisition resulting in a debt discount that is amortized to the principal amount through the recognition of non-cash interest expense over the term of the note. Interest expense resulting from the amortization of the discount was not material for the quarter ended February 28, 2015. The current portion of the note due within one year, including unamortized discount, is $2,705 at February 28, 2015.
	Transportation Equipment Notes Payable
	Certain of the transportation equipment operated in our logistical services segment is financed by notes payable in the amount of $3,229. These notes are payable in fixed monthly payments of principal and interest at fixed and variable rates ranging from 3.75% to 4.50% at February 28, 2015, with remaining terms of five to fifty months. The current portion of these notes due within one year at February 28, 2015 is $1,289. The notes are secured by tractors, trailers and local delivery trucks with a total net book value of $4,989 at February 28, 2015. In January of 2015, Zenith received a bank commitment in the amount of $1,307 to fund the purchase of new trailers, of which $660 was drawn the first quarter of fiscal 2015 with the remaining $647 expected to be drawn during the second quarter of fiscal 2015.
	Real Estate Notes Payable
	Certain of our retail real estate properties have been financed through commercial mortgages with interest rates of 6.73%. These mortgages are collateralized by the respective properties with net book values totaling approximately $6,093 and $6,127 at February 28, 2015 and November 29, 2014, respectively. The current portion of these mortgages due within one year was $321 and $316 as of February 28, 2015 and November 29, 2014, respectively.
	Certain of the real estate located in Conover, NC and operated in our logistical services segment is subject to a note payable in the amount of $1,430. The note is payable in monthly installments of principal and interest at the fixed rate of 3.75% through October 2016, at which time the remaining balance on the note of approximately $1,050 will be due. The current portion of this note due within one year at February 28, 2015 is $270. The note is secured by land and buildings with a total net book value of $6,317 at February 28, 2015.
	Fair Value
	We believe that the carrying amount of our notes payable approximates fair value at both February 28, 2015 and November 29, 2014. 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 3 as specified in the fair value hierarchy in ASC Topic 820, Fair Value Measurements and Disclosures. See Note 12.
	Bank Credit Facility
	Our credit facility with our bank provides for a line of credit of up to $15,000. This credit facility, which matures in December of 2015, is secured by our accounts receivable and inventory. The facility contains covenants requiring us to maintain certain key financial ratios. We are in compliance with all covenants under the agreement and expect to remain in compliance for the foreseeable future.
	At February 28, 2015, we had $216 outstanding under standby letters of credit, leaving availability under our credit line of $14,784.

Note_9_Commitments_and_Conting

Note 9 - Commitments and Contingencies	3 Months Ended
	Feb. 28, 2015
Disclosure Text Block Supplement [Abstract]
Legal Matters and Contingencies [Text Block]	9. 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 to 15 years and generally have renewal options of between five and 15 years. Some store leases contain contingent rental provisions based upon sales volume. Our transportation equipment leases have terms ranging from two to 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 February 28, 2015:
		Retail		Distribution		Transportation Equipment		Total
		Stores		Centers
	Remainder of fiscal 2015	$	13,893	$	2,297	$	1,944	$	18,134
	Fiscal 2016		16,776		2,821		2,232		21,829
	Fiscal 2017		14,258		1,581		1,717		17,556
	Fiscal 2018		11,818		360		806		12,984
	Fiscal 2019		9,952		69		755		10,776
	Fiscal 2020		8,670		-		671		9,341
	Thereafter		23,090		-		30		23,120
		$	98,457	$	7,128	$	8,155	$	113,740
	We also have guaranteed certain lease obligations of licensee operators. Lease guarantees range from one to ten years. We were contingently liable under licensee lease obligation guarantees in the amount of $3,020 and $3,164 at February 28, 2015 and November 29, 2014, 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 February 28, 2015 and November 29, 2014 was not material.

Note_10_Post_Employment_Benefi

Note 10 - Post Employment Benefit Obligations	3 Months Ended
	Feb. 28, 2015
Postemployment Benefits [Abstract]
Postemployment Benefits Disclosure [Text Block]	10. Post Employment Benefit Obligations
	We have an unfunded Supplemental Retirement Income Plan (the “Supplemental Plan”) that covers one current and certain former executives. The liability for this plan was $10,358 and $10,376 as of February 28, 2015 and November 29, 2014, respectively, and is recorded as follows in the condensed consolidated balance sheets:
		28-Feb-15		29-Nov-14
	Accrued compensation and benefits	$	724	$	724
	Post employment benefit obligations		9,634		9,652
	Total pension liability	$	10,358	$	10,376
	Components of net periodic pension costs are as follows:
		Quarter Ended
		28-Feb-15		1-Mar-14
	Service cost	$	26	$	20
	Interest cost		94		93
	Amortization of transition obligation		11		11
	Amortization of loss		48		30
	Net periodic pension cost	$	179	$	154
	We have an unfunded Deferred Compensation Plan that covers one current executive and certain former executives and provides for voluntary deferral of compensation. This plan has been frozen with no additional participants or deferrals permitted. We recognized expense of $54 and $72 for the quarters ended February 28, 2015 and March 1, 2014, respectively. Our liability under this plan was $2,137 and $2,174 as of February 28, 2015 and November 29, 2014, respectively, and is recorded as follows in the condensed consolidated balance sheets:
		28-Feb-15		29-Nov-14
	Accrued compensation and benefits	$	328	$	328
	Post employment benefit obligations		1,809		1,846
	Total deferred compensation liability	$	2,137	$	2,174

Note_11_Earnings_Per_Share

Note 11 - Earnings Per Share	3 Months Ended
	Feb. 28, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	11. Earnings Per Share
	The following reconciles basic and diluted earnings per share:
		Net		Weighted		Net Income
		Income		Average Shares		Per Share
	For the quarter ended February 28, 2015:
	Basic earnings per share	$	5,956		10,480,656	$	0.57
	Add effect of dilutive securities:
	Options and restricted shares		-		175,856		(0.01	)
	Diluted earnings per share	$	5,956		10,656,512	$	0.56
	For the quarter ended March 1, 2014:
	Basic earnings per share	$	843		10,691,646	$	0.08
	Add effect of dilutive securities:
	Options and restricted shares		-		151,157		-
	Diluted earnings per share	$	843		10,842,803	$	0.08
	For the three months ended February 28, 2015 and March 1, 2014, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:
		Quarter Ended
		28-Feb-15		1-Mar-14
	Stock options		-		207,500
	Unvested performance shares		46,000		54,000
	Total anti-dilutive securities		46,000		261,500

Note_12_Financial_Instruments_

Note 12 - Financial Instruments and Fair Value Measurements	3 Months Ended
	Feb. 28, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	12. 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 long-term debt. Because of their short maturities, the carrying amounts of cash and cash equivalents, short-term investments in certificates of deposit, accounts receivable, and accounts payable approximate fair value. Our cost method investments generally involve entities for which it is not practical to determine fair values.
	Investments
	Our short-term investments of $23,125 at both February 28, 2015 and November 29, 2014 consisted of certificates of deposit (CDs) with original terms generally ranging from six to twelve months, bearing interest at rates ranging from 0.16% to 0.91%. At February 28, 2015, the weighted average remaining time to maturity of the CDs was approximately four months and the weighted average yield of the CDs was approximately 0.21%. 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 February 28, 2015 and November 29, 2014 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, and asset impairments (Note 13) which utilize Level 3 inputs.

Note_13_Asset_Disposition_Impa

Note 13 - Asset Disposition, Impairment Charges and Accured Lease Exit Costs	3 Months Ended
	Feb. 28, 2015
Asset Disposition And Accrued Lease Exit Costs [Abstract]
Asset Disposition And Accrued Lease Exit Costs [Text Block]	13. Asset Disposition, Impairment Charges and Accrued Lease Exit Costs
	Asset Disposition
	During the quarter ended February 28, 2015, we entered into a contract to sell our retail real estate investment property located in Sugarland, Texas. At February 28, 2015 the $2,835 carrying value of the land and building is classified as an asset held for sale and is included in other current assets in the accompanying balance sheet. This asset was included in other assets at November 29, 2014 along with our other investments in retail real estate. The sale of the real estate closed on March 12, 2015. During the quarter ended February 28, 2015, we recognized a non-cash charge of $182 to write down the carrying value of the Sugarland real estate to the selling price. This charge is included in other income (loss), net in our condensed consolidated income statement.
	Asset Impairment Charges and Lease Exit Costs
	During the quarter ended February 28, 2015 we announced the closing of our Company-owned retail store location in Memphis, Tennessee. In connection with this closing, we recognized non-cash charges of $419 for the accrual of lease exit costs and $106 for the write off of abandoned leasehold improvements and other store assets.
	The following table summarized the activity related to our accrued lease exit costs:
	Balance at November 29, 2014	$	433
	Provisions associated with Company-owned retail store closures		419
	Payments and other		(5	)
	Balance at February 28, 2015	$	847
	Current portion included in other accrued liabilities	$	406
	Long-term portion included in other long-term liabilities		441
		$	847

Note_14_Recent_Accounting_Pron

Note 14 - Recent Accounting Pronouncements	3 Months Ended
	Feb. 28, 2015
Disclosure Text Block [Abstract]
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	14. Recent Accounting Pronouncements
	In April 2014, the FASB issued Accounting Standards Update No. 2014-08 (ASU 2014-08), which updated the guidance in ASC Topic 205, Presentation of Financial Statements, and ASC Topic 360, Property, Plant and Equipment. The amendments in ASU 2014-08 change the criteria for reporting discontinued operations for all public and nonpublic entities. The amendments also require new disclosures about discontinued operations and disposals of components of an entity that do not qualify for discontinued operations reporting. This guidance will become effective for all disposals (or classifications as held for sale) of components of an entity that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years, and therefore will become effective for us as of the beginning of our 2016 fiscal year. The adoption of this guidance is not expected to have a material impact upon our financial condition or results of operations.
	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. The amendments in ASU 2014-09 are effective for annual reporting periods beginning after December 15, 2016, 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 2018 fiscal year. The Company is currently assessing the impact of implementing the new guidance.
	In January 2015, the FASB issued Accounting Standards Update No. 2015-01, Income Statement — Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. ASU 2015-01 eliminates the concept of reporting extraordinary items, but retains current presentation and disclosure requirements for an event or transaction that is of an unusual nature or of a type that indicates infrequency of occurrence. Transactions that meet both criteria would now also follow such presentation and disclosure requirements. For all entities, the guidance is effective for annual periods, and interim periods within those annual periods, beginning after 15 December 2015. Early adoption is permitted; however, adoption must occur at the beginning of an annual period. Therefore the amendments in ASU 2015-01 will become effective for us as of the beginning of our 2017 fiscal year. The adoption of this guidance is not expected to have a material impact upon our financial condition or results of operations.

Note_15_Segment_Information

Note 15 - Segment Information	3 Months Ended
	Feb. 28, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	15. Segment Information
	We have strategically aligned our business into three reportable segments as defined in ASC 280, Segment Reporting, and as described below:
		●	Wholesale. The wholesale home furnishings segment is involved principally in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores (Company-owned and licensee-owned stores retail stores) and independent furniture retailers. Our wholesale segment includes our wood and upholstery operations as well as all corporate selling, general and administrative expenses, including those corporate expenses related to both Company- and licensee-owned stores.
		●	Retail – Company-owned stores. Our retail segment consists of Company-owned stores and includes the revenues, expenses, assets and liabilities and capital expenditures directly related to these stores.
		●	Logistical services. With our acquisition of Zenith on February 2, 2015, we created the logistical services operating segment which reflects the operations of Zenith. In addition to providing shipping, delivery 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 logistics revenue in our condensed consolidated statement of income. Zenith’s operating costs are included in selling, general and administrative expenses and total $6,007 from the date of acquisition through February 28, 2015. Amounts charged by Zenith to the Company for logistical services prior to the date of acquisition are included in selling, general and administrative expenses, and our equity in the earnings of Zenith prior to the date of acquisition is included in other income (loss), net, in the accompanying statements of income.
	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.
	Prior to the beginning of fiscal 2015, our former investments and real estate segment included our short-term investments, our holdings of retail real estate previously leased as licensee stores, and our former equity investment in Zenith prior to acquisition. This segment has been eliminated and the assets formerly reported therein are now considered to be part of our wholesale segment. The earnings and costs associated with these assets, including our equity in the income of Zenith prior to the date of acquisition, will continue to be included in other income (loss), net, in our condensed consolidated statements of income.
	The following table presents our segment information:
			Quarter Ended
			28-Feb-15			1-Mar-14
	Sales Revenue
	Wholesale		$	58,805		$	51,086
	Retail - Company-owned stores			57,183			47,124
	Logistical services			5,999			-
	Inter-company eliminations:
	Furniture and accessories			(26,440	)		(22,563	)
	Logistical services			(2,740	)		-
	Consolidated		$	92,807		$	75,647
	Income (loss) from Operations
	Wholesale		$	2,927		$	2,348
	Retail - Company-owned stores			(42	)		(1,772	)
	Logistical services			(8	)		-
	Inter-company elimination			525			510
	Lease exit costs			(419	)		-
	Asset impairment charges			(106	)		-
	Consolidated		$	2,877		$	1,086
	Depreciation and Amortization
	Wholesale		$	534		$	435
	Retail - Company-owned stores			1,355			1,257
	Logistical services			257			-
	Consolidated		$	2,146		$	1,692
	Capital Expenditures
	Wholesale		$	961		$	1,437
	Retail - Company-owned stores			2,111			5,462
	Logistical services			846			-
	Consolidated		$	3,918		$	6,899
			As of			As of
	Identifiable Assets		28-Feb-15			29-Nov-14
	Wholesale		$	127,288		$	154,275
	Retail - Company-owned stores			88,909			86,471
	Logistical services			44,218			-
	Consolidated		$	260,415		$	240,746

Note_3_Business_Combination_Ac1

Note 3 - Business Combination - Acquisition of Zenith (Tables)	3 Months Ended
	Feb. 28, 2015
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Fair value of consideration transferred in exchange for 51% of Zenith:
	Cash	$	9,000
	Bassett common stock, 89,485 shares, par value $5.00 per share, fair value at closing $18.72 per share		1,675
	Note payable		8,436
	Total fair value of consideration transferred to seller		19,111
	Less effective settlement of previous amounts payable to Zenith at acquisition		(3,622	)
	Total fair value of consideration net of effective settlement		15,489
	Fair value of Bassett's previous 49% interest in Zenith		16,692
	Total fair value of acquired business	$	32,181
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Allocation of the fair value of consideration transferred:
	Identifiable assets acquired:
	Acquired cash and cash equivalents	$	1,626
	Accounts receivable, net		3,399
	Prepaid expenses and other current assets		493
	Property and equipment		18,109
	Other long-term assets		646
	Intangible assets		6,362
	Total identifiable assets acquired		30,635
	Liabilities assumed:
	Accounts payable and accrued liabilities		(4,417	)
	Notes payable		(4,329	)
	Total liabilities assumed		(8,746	)
	Net identifiable assets acquired		21,889
	Goodwill		10,292
	Total net assets acquired	$	32,181
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]		Useful Life
	Description:	In Years			Fair Value
	Customer relationships		15		$	3,038
	Trade names	Indefinite				2,490
	Technology - customized applications		7			834
	Total acquired intangible assets				$	6,362

Note_4_Goodwill_and_Other_Inta1

Note 4 - Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Feb. 28, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]		Gross Carrying Amount		Accumulated Amortization			Intangible Assets, Net
	Intangibles subject to amortization
	Customer relationships	$	3,038	$	(29	)	$	3,009
	Technology - customized applications		834		(13	)		821
	Total intangible assets subject to amortization		3,872		(42	)		3,830
	Intangibles not subject to amortization:
	Trade names		2,490		-			2,490
	Goodwill		12,021		-			12,021
	Total goodwill and other intangible assets	$	18,383	$	(42	)	$	18,341
Schedule of Goodwill [Table Text Block]		Wholesale		Retail			Logistics		Total
	Balance as of November 29, 2014	$	1,129	$	602		$	-	$	1,731
	Goodwill arising from acquisition of Zenith		3,874		1,271			5,145		10,290
	Balance as of February 28, 2015	$	5,003	$	1,873		$	5,145	$	12,021
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Remainder of fiscal 2015	$	240
	Fiscal 2016		322
	Fiscal 2017		322
	Fiscal 2018		322
	Fiscal 2019		322
	Fiscal 2020		322
	Thereafter		1,980
	Total	$	3,830

Note_5_Accounts_Receivable_Tab

Note 5 - Accounts Receivable (Tables)	3 Months Ended
	Feb. 28, 2015
Receivables [Abstract]
Schedule of Accounts Receivable [Table Text Block]		28-Feb-15			29-Nov-14
	Gross accounts receivable	$	19,086		$	16,477
	Allowance for doubtful accounts		(1,403	)		(1,249	)
	Accounts receivable, net	$	17,683		$	15,228
Schedule of Credit Losses for Financing Receivables, Current [Table Text Block]		2015
	Balance at November 29, 2014	$	1,249
	Acquired allowance on accounts receivable (Note 3)		209
	Reductions to allowance		(55	)
	Balance at February 28, 2015	$	1,403

Note_6_Inventories_Tables

Note 6 - Inventories (Tables)	3 Months Ended
	Feb. 28, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]		28-Feb-15			29-Nov-14
	Wholesale finished goods	$	33,635		$	31,399
	Work in process		357			298
	Raw materials and supplies		9,663			8,109
	Retail merchandise		26,963			26,428
	Total inventories on first-in, first-out method		70,618			66,234
	LIFO adjustment		(7,554	)		(7,550	)
	Reserve for excess and obsolete inventory		(1,388	)		(1,412	)
		$	61,676		$	57,272
Activity in Reserves for Excess Quantities and Obsolete Inventory by Segment [Table Text Block]		Wholesale Segment			Retail Segment			Total
	Balance at November 29, 2014	$	1,060		$	352		$	1,412
	Additions charged to expense		268			95			363
	Write-offs		(285	)		(102	)		(387	)
	Balance at February 28, 2015	$	1,043		$	345		$	1,388

Note_7_Unconsolidated_Affiliat1

Note 7 - Unconsolidated Affiliated Company (Tables) (Zenith Freight Lines [Member])	3 Months Ended
	Feb. 28, 2015
Zenith Freight Lines [Member]
Note 7 - Unconsolidated Affiliated Company (Tables) [Line Items]
Equity Method Investments [Table Text Block]		Quarter Ended
		28-Feb-15		1-Mar-14
	Earnings recognized	$	220	$	65

Note_8_Notes_Payable_and_Bank_1

Note 8 - Notes Payable and Bank Credit Facility (Tables)	3 Months Ended
	Feb. 28, 2015
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]		28-Feb-15
		Principal			Unamortized			Net Carrying
		Balance			Discount			Amount
	Zenith acquisition note payable	$	9,000		$	(541	)	$	8,459
	Transportation equipment notes payable		3,229			-			3,229
	Real estate notes payable		3,606			-			3,606
	Total Debt		15,835			(541	)		15,294
	Less current portion		(4,881	)		295			(4,586	)
	Total long-term debt	$	10,954		$	(246	)	$	10,708
		29-Nov-14
		Principal			Unamortized			Net Carrying
		Balance			Discount			Amount
	Real estate notes payable	$	2,218		$	-		$	2,218
	Less current portion		(316	)		-			(316	)
	Total long-term debt	$	1,902		$	-		$	1,902
Schedule of Maturities of Long-term Debt [Table Text Block]	Remainder of fiscal 2015	$	1,500
	Fiscal 2016		5,560
	Fiscal 2017		4,165
	Fiscal 2018		3,720
	Fiscal 2019		486
	Fiscal 2020		404
	Thereafter		-
		$	15,835

Note_9_Commitments_and_Conting1

Note 9 - Commitments and Contingencies (Tables)	3 Months Ended
	Feb. 28, 2015
Disclosure Text Block Supplement [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]		Retail		Distribution		Transportation Equipment		Total
		Stores		Centers
	Remainder of fiscal 2015	$	13,893	$	2,297	$	1,944	$	18,134
	Fiscal 2016		16,776		2,821		2,232		21,829
	Fiscal 2017		14,258		1,581		1,717		17,556
	Fiscal 2018		11,818		360		806		12,984
	Fiscal 2019		9,952		69		755		10,776
	Fiscal 2020		8,670		-		671		9,341
	Thereafter		23,090		-		30		23,120
		$	98,457	$	7,128	$	8,155	$	113,740

Note_10_Post_Employment_Benefi1

Note 10 - Post Employment Benefit Obligations (Tables)	3 Months Ended
	Feb. 28, 2015
Postemployment Benefits [Abstract]
Schedule of Pension Liability [Table Text Block]		28-Feb-15		29-Nov-14
	Accrued compensation and benefits	$	724	$	724
	Post employment benefit obligations		9,634		9,652
	Total pension liability	$	10,358	$	10,376
		28-Feb-15		29-Nov-14
	Accrued compensation and benefits	$	328	$	328
	Post employment benefit obligations		1,809		1,846
	Total deferred compensation liability	$	2,137	$	2,174
Schedule of Net Benefit Costs [Table Text Block]		Quarter Ended
		28-Feb-15		1-Mar-14
	Service cost	$	26	$	20
	Interest cost		94		93
	Amortization of transition obligation		11		11
	Amortization of loss		48		30
	Net periodic pension cost	$	179	$	154

Note_11_Earnings_Per_Share_Tab

Note 11 - Earnings Per Share (Tables)	3 Months Ended
	Feb. 28, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]		Net		Weighted		Net Income
		Income		Average Shares		Per Share
	For the quarter ended February 28, 2015:
	Basic earnings per share	$	5,956		10,480,656	$	0.57
	Add effect of dilutive securities:
	Options and restricted shares		-		175,856		(0.01	)
	Diluted earnings per share	$	5,956		10,656,512	$	0.56
	For the quarter ended March 1, 2014:
	Basic earnings per share	$	843		10,691,646	$	0.08
	Add effect of dilutive securities:
	Options and restricted shares		-		151,157		-
	Diluted earnings per share	$	843		10,842,803	$	0.08
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]		Quarter Ended
		28-Feb-15		1-Mar-14
	Stock options		-		207,500
	Unvested performance shares		46,000		54,000
	Total anti-dilutive securities		46,000		261,500

Note_13_Asset_Disposition_Impa1

Note 13 - Asset Disposition, Impairment Charges and Accured Lease Exit Costs (Tables)	3 Months Ended
	Feb. 28, 2015
Asset Disposition And Accrued Lease Exit Costs [Abstract]
Schedule of Activity Related to Accrued Lease Exit Costs [Table Text Block]	Balance at November 29, 2014	$	433
	Provisions associated with Company-owned retail store closures		419
	Payments and other		(5	)
	Balance at February 28, 2015	$	847
	Current portion included in other accrued liabilities	$	406
	Long-term portion included in other long-term liabilities		441
		$	847

Note_15_Segment_Information_Ta

Note 15 - Segment Information (Tables)	3 Months Ended
	Feb. 28, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]		Quarter Ended
		28-Feb-15			1-Mar-14
	Sales Revenue
	Wholesale	$	58,805		$	51,086
	Retail - Company-owned stores		57,183			47,124
	Logistical services		5,999			-
	Inter-company eliminations:
	Furniture and accessories		(26,440	)		(22,563	)
	Logistical services		(2,740	)		-
	Consolidated	$	92,807		$	75,647
	Income (loss) from Operations
	Wholesale	$	2,927		$	2,348
	Retail - Company-owned stores		(42	)		(1,772	)
	Logistical services		(8	)		-
	Inter-company elimination		525			510
	Lease exit costs		(419	)		-
	Asset impairment charges		(106	)		-
	Consolidated	$	2,877		$	1,086
	Depreciation and Amortization
	Wholesale	$	534		$	435
	Retail - Company-owned stores		1,355			1,257
	Logistical services		257			-
	Consolidated	$	2,146		$	1,692
	Capital Expenditures
	Wholesale	$	961		$	1,437
	Retail - Company-owned stores		2,111			5,462
	Logistical services		846			-
	Consolidated	$	3,918		$	6,899
Reconciliation of Assets from Segment to Consolidated [Table Text Block]		As of			As of
	Identifiable Assets	28-Feb-15			29-Nov-14
	Wholesale	$	127,288		$	154,275
	Retail - Company-owned stores		88,909			86,471
	Logistical services		44,218			-
	Consolidated	$	260,415		$	240,746

Note_1_Basis_of_Presentation_D

Note 1 - Basis of Presentation (Details)	Feb. 01, 2015	Feb. 02, 2015
Zenith Freight Lines [Member]
Note 1 - Basis of Presentation (Details) [Line Items]
Equity Method Investment, Ownership Percentage	49.00%
Zenith Freight Lines [Member]
Note 1 - Basis of Presentation (Details) [Line Items]
Equity Method Investment, Ownership Percentage		49.00%
Business Acquisition, Percentage of Voting Interests Acquired		51.00%

Note_3_Business_Combination_Ac2

Note 3 - Business Combination - Acquisition of Zenith (Details) (USD $)	3 Months Ended	0 Months Ended	11 Months Ended	0 Months Ended
In Thousands, except Share data, unless otherwise specified	Feb. 28, 2015	Feb. 02, 2015	Dec. 31, 2015	Feb. 01, 2015
Note 3 - Business Combination - Acquisition of Zenith (Details) [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain	$7,212
Selling, General and Administrative Expenses [Member] | Zenith Freight Lines [Member]
Note 3 - Business Combination - Acquisition of Zenith (Details) [Line Items]
Business Combination, Acquisition Related Costs	121
Long-term Debt [Member] | Zenith Freight Lines [Member]
Note 3 - Business Combination - Acquisition of Zenith (Details) [Line Items]
Debt Instrument, Periodic Payment		3,000
Scenario, Forecast [Member] | Zenith Freight Lines [Member]
Note 3 - Business Combination - Acquisition of Zenith (Details) [Line Items]
Business Combination, Acquisition Related Costs			100
Zenith Freight Lines [Member]
Note 3 - Business Combination - Acquisition of Zenith (Details) [Line Items]
Equity Method Investment, Ownership Percentage				49.00%
Equity Method Investments, Carrying Value Prior to Step Acquisition Remeasurement				9,480
Zenith Freight Lines [Member]
Note 3 - Business Combination - Acquisition of Zenith (Details) [Line Items]
Equity Method Investment, Ownership Percentage		49.00%
Business Acquisition, Percentage of Voting Interests Acquired		51.00%
Business Combination, Consideration Transferred		19,111
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value		16,692		16,692
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain	7,212
Earnings Per Share, Adjustment (in Shares)	0.42
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	$3,259

Note_3_Business_Combination_Ac3

Note 3 - Business Combination - Acquisition of Zenith (Details) - Fair Value of Acquired Business (Zenith Freight Lines [Member], USD $)	0 Months Ended
In Thousands, unless otherwise specified	Feb. 02, 2015	Feb. 01, 2015
Zenith Freight Lines [Member]
Fair value of consideration transferred in exchange for 51% of Zenith:
Cash	$9,000
Bassett common stock, 89,485 shares, par value $5.00 per share, fair value at closing $18.72 per share	1,675
Note payable	8,436
Total fair value of consideration transferred to seller	19,111
Less effective settlement of previous amounts payable to Zenith at acquisition	-3,622
Total fair value of consideration net of effective settlement	15,489
Fair value of Bassett's previous 49% interest in Zenith	16,692	16,692
Total fair value of acquired business	$32,181

Note_3_Business_Combination_Ac4

Note 3 - Business Combination - Acquisition of Zenith (Details) - Fair Value of Acquired Business (Parentheticals) (Zenith Freight Lines [Member], USD $)	0 Months Ended
	Feb. 02, 2015	Feb. 02, 2015
Zenith Freight Lines [Member]
Business Acquisition [Line Items]
Acquired business, percentage of voting rights acquired	51.00%	51.00%
Bassett common stock, shares	89,485
Bassett common stock, par value per share	$5	$5
Bassett common stock, fair value at closing per share	$18.72	$18.72
Equity method investment, ownership percentage	49.00%	49.00%

Note_3_Business_Combination_Ac5

Note 3 - Business Combination - Acquisition of Zenith (Details) - Allocation of Fair Value of the Acquired Business (USD $)	Feb. 28, 2015	Nov. 29, 2014
In Thousands, unless otherwise specified
Liabilities assumed:
Goodwill	$12,021	$1,731
Zenith Freight Lines [Member]
Allocation of the fair value of consideration transferred:
Acquired cash and cash equivalents	1,626
Accounts receivable, net	3,399
Prepaid expenses and other current assets	493
Property and equipment	18,109
Other long-term assets	646
Intangible assets	6,362
Total identifiable assets acquired	30,635
Liabilities assumed:
Accounts payable and accrued liabilities	-4,417
Notes payable	-4,329
Total liabilities assumed	-8,746
Net identifiable assets acquired	21,889
Goodwill	10,292
Total net assets acquired	$32,181

Note_3_Business_Combination_Ac6

Note 3 - Business Combination - Acquisition of Zenith (Details) - Acquired Identifiable Intangible Assets (Zenith Freight Lines [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015
Note 3 - Business Combination - Acquisition of Zenith (Details) - Acquired Identifiable Intangible Assets [Line Items]
Fair Value	$6,362
Trade Names [Member]
Note 3 - Business Combination - Acquisition of Zenith (Details) - Acquired Identifiable Intangible Assets [Line Items]
Trade names	Indefinite
Trade names	2,490
Customer Relationships [Member]
Note 3 - Business Combination - Acquisition of Zenith (Details) - Acquired Identifiable Intangible Assets [Line Items]
Useful Life	15 years
Fair Value	3,038
Technology-Based Intangible Assets [Member]
Note 3 - Business Combination - Acquisition of Zenith (Details) - Acquired Identifiable Intangible Assets [Line Items]
Useful Life	7 years
Fair Value	$834

Note_4_Goodwill_and_Other_Inta2

Note 4 - Goodwill and Other Intangible Assets (Details) (USD $)	3 Months Ended
	Feb. 28, 2015	Mar. 01, 2014	Nov. 29, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$12,021,000		$1,731,000
Amortization of Intangible Assets	$42,000	$0

Note_4_Goodwill_and_Other_Inta3

Note 4 - Goodwill and Other Intangible Assets (Details) - Goodwill and Other Intangible Assets (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Nov. 29, 2014
Intangibles subject to amortization
Intangibles subject to amortization, Gross Carrying Amount	$3,872
Intangibles subject to amortization, Accumulated Amortization	-42
Intangibles subject to amortization, Intangible Assets, Net	3,830
Intangibles not subject to amortization:
Trade names	2,490
Goodwill	12,021
Total goodwill and other intangible assets	18,383
Total goodwill and other intangible assets	-42
Total goodwill and other intangible assets	18,341	1,730
Customer Relationships [Member]
Intangibles subject to amortization
Intangibles subject to amortization, Gross Carrying Amount	3,038
Intangibles subject to amortization, Accumulated Amortization	-29
Intangibles subject to amortization, Intangible Assets, Net	3,009
Technology-Based Intangible Assets [Member]
Intangibles subject to amortization
Intangibles subject to amortization, Gross Carrying Amount	834
Intangibles subject to amortization, Accumulated Amortization	-13
Intangibles subject to amortization, Intangible Assets, Net	$821

Note_4_Goodwill_and_Other_Inta4

Note 4 - Goodwill and Other Intangible Assets (Details) - Changes in Carrying Amount of Goodwill (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Nov. 29, 2014
Goodwill [Line Items]
Balance as of November 29, 2014		$1,731
Balance as of February 28, 2015	12,021	1,731
Wholesale Segment [Member] | Zenith Freight Lines [Member]
Goodwill [Line Items]
Goodwill arising from acquisition of Zenith	3,874
Wholesale Segment [Member]
Goodwill [Line Items]
Balance as of November 29, 2014		1,129
Balance as of February 28, 2015	5,003	1,129
Retail Segment [Member] | Zenith Freight Lines [Member]
Goodwill [Line Items]
Goodwill arising from acquisition of Zenith	1,271
Retail Segment [Member]
Goodwill [Line Items]
Balance as of November 29, 2014		602
Balance as of February 28, 2015	1,873	602
Logistical Services [Member] | Zenith Freight Lines [Member]
Goodwill [Line Items]
Goodwill arising from acquisition of Zenith	5,145
Logistical Services [Member]
Goodwill [Line Items]
Balance as of February 28, 2015	5,145
Zenith Freight Lines [Member]
Goodwill [Line Items]
Balance as of February 28, 2015	10,292
Goodwill arising from acquisition of Zenith	$10,290

Note_4_Goodwill_and_Other_Inta5

Note 4 - Goodwill and Other Intangible Assets (Details) - Estimated Future Amortization Expense for Intangible Assets (USD $)	Feb. 28, 2015
In Thousands, unless otherwise specified
Estimated Future Amortization Expense for Intangible Assets [Abstract]
Remainder of fiscal 2015	$240
Fiscal 2016	322
Fiscal 2017	322
Fiscal 2018	322
Fiscal 2019	322
Fiscal 2020	322
Thereafter	1,980
Total	$3,830

Note_5_Accounts_Receivable_Det

Note 5 - Accounts Receivable (Details)	Feb. 28, 2015	Nov. 29, 2014
Receivables [Abstract]
Percent of Gross Accounts Receivable Attributable to Amounts Owed by Licensees	38.00%	46.00%
Percent of Allowance for Doubtful Accounts Attributable to Amounts Owed by Licensees	48.00%	58.00%

Note_5_Accounts_Receivable_Det1

Note 5 - Accounts Receivable (Details) - Accounts Receivable (USD $)	Feb. 28, 2015	Nov. 29, 2014
In Thousands, unless otherwise specified
Accounts Receivable [Abstract]
Gross accounts receivable	$19,086	$16,477
Allowance for doubtful accounts	-1,403	-1,249
Accounts receivable, net	$17,683	$15,228

Note_5_Accounts_Receivable_Det2

Note 5 - Accounts Receivable (Details) - Activity in Allowance for Doubtful Accounts (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015
Note 5 - Accounts Receivable (Details) - Activity in Allowance for Doubtful Accounts [Line Items]
Balance at November 29, 2014	$1,249
Reductions to allowance	-55
Balance at February 28, 2015	1,403
Zenith Freight Lines [Member]
Note 5 - Accounts Receivable (Details) - Activity in Allowance for Doubtful Accounts [Line Items]
Acquired allowance on accounts receivable (Note 3)	$209

Note_6_Inventories_Details_Inv

Note 6 - Inventories (Details) - Inventories (USD $)	Feb. 28, 2015	Nov. 29, 2014
In Thousands, unless otherwise specified
Inventories [Abstract]
Wholesale finished goods	$33,635	$31,399
Work in process	357	298
Raw materials and supplies	9,663	8,109
Retail merchandise	26,963	26,428
Total inventories on first-in, first-out method	70,618	66,234
LIFO adjustment	-7,554	-7,550
Reserve for excess and obsolete inventory	-1,388	-1,412
	$61,676	$57,272

Note_6_Inventories_Details_Act

Note 6 - Inventories (Details) - Activity in Reserves for Excess Quantities and Obsolete Inventory by Segment (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Nov. 29, 2014
Note 6 - Inventories (Details) - Activity in Reserves for Excess Quantities and Obsolete Inventory by Segment [Line Items]
Balance	$1,388	$1,412
Additions charged to expense	363
Write-offs	-387
Wholesale Segment [Member] | Operating Segments [Member]
Note 6 - Inventories (Details) - Activity in Reserves for Excess Quantities and Obsolete Inventory by Segment [Line Items]
Balance	1,043	1,060
Additions charged to expense	268
Write-offs	-285
Retail Segment [Member] | Operating Segments [Member]
Note 6 - Inventories (Details) - Activity in Reserves for Excess Quantities and Obsolete Inventory by Segment [Line Items]
Balance	345	352
Additions charged to expense	95
Write-offs	($102)

Note_7_Unconsolidated_Affiliat2

Note 7 - Unconsolidated Affiliated Company (Details) (Zenith Freight Lines [Member], USD $)	2 Months Ended
In Thousands, unless otherwise specified	Feb. 02, 2015	Feb. 01, 2015	Nov. 29, 2014
Zenith Freight Lines [Member]
Note 7 - Unconsolidated Affiliated Company (Details) [Line Items]
Equity Method Investment, Ownership Percentage		49.00%
Equity Method Investments	$9,480		$7,915
Income (Loss) from Equity Method Investments	220
Investments in and Advances to Affiliates, at Fair Value, Gross Additions	1,345
Capital Contributions Made to Unconsolidated Affiliated Companies	2,745
Due to Affiliate			$2,628

Note_7_Unconsolidated_Affiliat3

Note 7 - Unconsolidated Affiliated Company (Details) - Income (Zenith Freight Lines [Member], USD $)	3 Months Ended		2 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Mar. 01, 2014	Feb. 02, 2015
Schedule of Equity Method Investments [Line Items]
Earnings recognized			$220
Earnings Recognized [Member]
Schedule of Equity Method Investments [Line Items]
Earnings recognized	$220	$65

Note_8_Notes_Payable_and_Bank_2

Note 8 - Notes Payable and Bank Credit Facility (Details) (USD $)	3 Months Ended		0 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	30-May-15	Feb. 02, 2015	Nov. 29, 2014	Dec. 18, 2012	Jan. 31, 2015
Note 8 - Notes Payable and Bank Credit Facility (Details) [Line Items]
	$4,881			$316
Proceeds from Issuance of Debt	660
Line of Credit Facility, Maximum Borrowing Capacity					15,000
Letters of Credit Outstanding, Amount	216
Line of Credit Facility, Remaining Borrowing Capacity	14,784
Tractors, Trailers and Local Delivery Trucks [Member] | Transportation Equipment Notes Payable [Member]
Note 8 - Notes Payable and Bank Credit Facility (Details) [Line Items]
Debt Instrument, Collateral Amount	4,989
Land and Building [Member] | Real Estate Notes Payable, Operated in Logistical Services Segment [Member]
Note 8 - Notes Payable and Bank Credit Facility (Details) [Line Items]
Debt Instrument, Collateral Amount	6,317
Scenario, Forecast [Member] | Transportation Equipment Notes Payable [Member] | Zenith Freight Lines [Member]
Note 8 - Notes Payable and Bank Credit Facility (Details) [Line Items]
Proceeds from Issuance of Debt		647
Financed Through Commercial Mortgages [Member] | Real Estate Notes Payable [Member]
Note 8 - Notes Payable and Bank Credit Facility (Details) [Line Items]
Debt Instrument, Collateral Amount	6,093			6,127
Unsecured Debt [Member] | Zenith Freight Lines [Member]
Note 8 - Notes Payable and Bank Credit Facility (Details) [Line Items]
Debt Instrument, Face Amount			9,000
Debt Instrument, Number of Annual Payments			3
Debt Instrument, Periodic Payment			3,000
Debt Instrument, Interest Rate, Stated Percentage			0.62%
				2,705
Transportation Equipment Notes Payable [Member] | Minimum [Member]
Note 8 - Notes Payable and Bank Credit Facility (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.75%
Debt Instrument, Term	5 months
Transportation Equipment Notes Payable [Member] | Maximum [Member]
Note 8 - Notes Payable and Bank Credit Facility (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.50%
Debt Instrument, Term	50 months
Transportation Equipment Notes Payable [Member] | Zenith Freight Lines [Member]
Note 8 - Notes Payable and Bank Credit Facility (Details) [Line Items]
Debt Instrument, Face Amount						1,307
Proceeds from Issuance of Debt	660
Transportation Equipment Notes Payable [Member]
Note 8 - Notes Payable and Bank Credit Facility (Details) [Line Items]
Secured Debt	3,229
Secured Debt, Current	1,289
Real Estate Notes Payable [Member]
Note 8 - Notes Payable and Bank Credit Facility (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.73%
Secured Debt, Current	321			316
Real Estate Notes Payable, Operated in Logistical Services Segment [Member]
Note 8 - Notes Payable and Bank Credit Facility (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.75%
Secured Debt	1,430
Secured Debt, Current	270
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid	$1,050

Note_8_Notes_Payable_and_Bank_3

Note 8 - Notes Payable and Bank Credit Facility (Details) - Real Estate Notes Payable and Bank Debt (USD $)	Feb. 28, 2015	Nov. 29, 2014
In Thousands, unless otherwise specified
Note 8 - Notes Payable and Bank Credit Facility (Details) - Real Estate Notes Payable and Bank Debt [Line Items]
Principal Balance	$15,835
Unamortized Discount	-541
Net Carrying Amount	15,294
Less current portion, Principal Balance	-4,881	-316
Less current portion, Unamortized Discount	295
Less current portion, Net Carrying Amount	-4,586	-316
Total long-term debt, Principal Balance	10,954	1,902
Total long-term debt, Unamortized Discount	-246
Total long-term debt, Net Carrying Amount	10,708	1,902
Zenith Note Payable [Member]
Note 8 - Notes Payable and Bank Credit Facility (Details) - Real Estate Notes Payable and Bank Debt [Line Items]
Principal Balance	9,000
Unamortized Discount	-541
Net Carrying Amount	8,459
Transportation Equipment Notes Payable [Member]
Note 8 - Notes Payable and Bank Credit Facility (Details) - Real Estate Notes Payable and Bank Debt [Line Items]
Principal Balance	3,229
Net Carrying Amount	3,229
Real Estate Notes Payable [Member]
Note 8 - Notes Payable and Bank Credit Facility (Details) - Real Estate Notes Payable and Bank Debt [Line Items]
Principal Balance	3,606	2,218
Net Carrying Amount	$3,606	$2,218

Note_8_Notes_Payable_and_Bank_4

Note 8 - Notes Payable and Bank Credit Facility (Details) - Maturities of Notes Payable (USD $)	Feb. 28, 2015
In Thousands, unless otherwise specified
Maturities of Notes Payable [Abstract]
Remainder of fiscal 2015	$1,500
Fiscal 2016	5,560
Fiscal 2017	4,165
Fiscal 2018	3,720
Fiscal 2019	486
Fiscal 2020	404
	$15,835

Note_9_Commitments_and_Conting2

Note 9 - Commitments and Contingencies (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Nov. 29, 2014
Transportation Equipment [Member] | Minimum [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Lessee Leasing Arrangements, Operating Leases, Term of Contract	2 years
Transportation Equipment [Member] | Maximum [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Lessee Leasing Arrangements, Operating Leases, Term of Contract	7 years
Lease Obligations of Licensee Operators [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Loss Contingency, Estimate of Possible Loss (in Dollars)	3,020	$3,164
Minimum [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Operating Lease Lease Term	1 year
Renewal Term on Operating Lease	5 years
Lease Guarantees Term	1 year
Maximum [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Operating Lease Lease Term	15 years
Renewal Term on Operating Lease	15 years
Lease Guarantees Term	10 years

Note_9_Commitments_and_Conting3

Note 9 - Commitments and Contingencies (Details) - Future Minimum Lease Payments under the Non-Cancelable Operating Leases (USD $)	Feb. 28, 2015
In Thousands, unless otherwise specified
Note 9 - Commitments and Contingencies (Details) - Future Minimum Lease Payments under the Non-Cancelable Operating Leases [Line Items]
Remainder of fiscal 2015	$18,134
Fiscal 2016	21,829
Fiscal 2017	17,556
Fiscal 2018	12,984
Fiscal 2019	10,776
Fiscal 2020	9,341
Thereafter	23,120
	113,740
Retail Stores [Member]
Note 9 - Commitments and Contingencies (Details) - Future Minimum Lease Payments under the Non-Cancelable Operating Leases [Line Items]
Remainder of fiscal 2015	13,893
Fiscal 2016	16,776
Fiscal 2017	14,258
Fiscal 2018	11,818
Fiscal 2019	9,952
Fiscal 2020	8,670
Thereafter	23,090
	98,457
Distribution Centers [Member]
Note 9 - Commitments and Contingencies (Details) - Future Minimum Lease Payments under the Non-Cancelable Operating Leases [Line Items]
Remainder of fiscal 2015	2,297
Fiscal 2016	2,821
Fiscal 2017	1,581
Fiscal 2018	360
Fiscal 2019	69
	7,128
Transportation Equipment Leases [Member]
Note 9 - Commitments and Contingencies (Details) - Future Minimum Lease Payments under the Non-Cancelable Operating Leases [Line Items]
Remainder of fiscal 2015	1,944
Fiscal 2016	2,232
Fiscal 2017	1,717
Fiscal 2018	806
Fiscal 2019	755
Fiscal 2020	671
Thereafter	30
	$8,155

Note_10_Post_Employment_Benefi2

Note 10 - Post Employment Benefit Obligations (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Nov. 29, 2014
Note 10 - Post Employment Benefit Obligations (Details) [Line Items]
Pension Expense	$54	$72
Postemployment Benefits Liability, Noncurrent	11,444	11,498
Unfunded Deferred Compensation Plan [Member]
Note 10 - Post Employment Benefit Obligations (Details) [Line Items]
Postemployment Benefits Liability, Noncurrent	2,137	2,174
Supplemental Employee Retirement Plan [Member]
Note 10 - Post Employment Benefit Obligations (Details) [Line Items]
Postemployment Benefits Liability	10,358	10,376
Postemployment Benefits Liability, Noncurrent	$9,634	$9,652

Note_10_Post_Employment_Benefi3

Note 10 - Post Employment Benefit Obligations (Details) - Pension Liability (USD $)	Feb. 28, 2015	Nov. 29, 2014
In Thousands, unless otherwise specified
Note 10 - Post Employment Benefit Obligations (Details) - Pension Liability [Line Items]
Post employment benefit obligations	$11,444	$11,498
Supplemental Employee Retirement Plan [Member]
Note 10 - Post Employment Benefit Obligations (Details) - Pension Liability [Line Items]
Accrued compensation and benefits	724	724
Post employment benefit obligations	9,634	9,652
Total pension liability	10,358	10,376
Unfunded Deferred Compensation Plan [Member]
Note 10 - Post Employment Benefit Obligations (Details) - Pension Liability [Line Items]
Accrued compensation and benefits	328	328
Post employment benefit obligations	1,809	1,846
Total pension liability	$2,137	$2,174

Note_10_Post_Employment_Benefi4

Note 10 - Post Employment Benefit Obligations (Details) - Components of Net Periodic Pension Cost (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Mar. 01, 2014
Components of Net Periodic Pension Cost [Abstract]
Service cost	$26	$20
Interest cost	94	93
Amortization of transition obligation	11	11
Amortization of loss	48	30
Net periodic pension cost	$179	$154

Note_11_Earnings_Per_Share_Det

Note 11 - Earnings Per Share (Details) - Reconciliation of Basic and Diluted Loss Per Share (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Feb. 28, 2015	Mar. 01, 2014
Reconciliation of Basic and Diluted Loss Per Share [Abstract]
Net Income (in Dollars)	$5,956	$843
Weighted Average Shares	10,480,656	10,691,646
Net Income Per Share (in Dollars per share)	$0.57	$0.08
Add effect of dilutive securities:
Weighted Average Shares	175,856	151,157
Net Income Per Share (in Dollars per share)	($0.01)
Net Income (in Dollars)	$5,956	$843
Weighted Average Shares	10,656,512	10,842,803
Net Income Per Share (in Dollars per share)	$0.56	$0.08

Note_11_Earnings_Per_Share_Det1

Note 11 - Earnings Per Share (Details) - Antidilutive Securities	3 Months Ended
	Feb. 28, 2015	Mar. 01, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	46,000	261,500
Equity Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities		207,500
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	46,000	54,000

Note_12_Financial_Instruments_1

Note 12 - Financial Instruments and Fair Value Measurements (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Nov. 29, 2014
Note 12 - Financial Instruments and Fair Value Measurements (Details) [Line Items]
Short-term Investments	23,125	$23,125
Weighted Average Rate Domestic Deposit, Certificates of Deposit	0.21%
Minimum [Member]
Note 12 - Financial Instruments and Fair Value Measurements (Details) [Line Items]
Maturity of Time Deposits	6 months
Weighted Average Rate Domestic Deposit, Certificates of Deposit	0.16%
Maximum [Member]
Note 12 - Financial Instruments and Fair Value Measurements (Details) [Line Items]
Maturity of Time Deposits	12 months
Weighted Average Rate Domestic Deposit, Certificates of Deposit	0.91%
Weighted Average [Member]
Note 12 - Financial Instruments and Fair Value Measurements (Details) [Line Items]
Maturity of Time Deposits	4 months

Note_13_Asset_Disposition_Impa2

Note 13 - Asset Disposition, Impairment Charges and Accured Lease Exit Costs (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015
Note 13 - Asset Disposition, Impairment Charges and Accured Lease Exit Costs (Details) [Line Items]
Gain (Loss) on Contract Termination	($419)
Asset Impairment Charges	106
Sugarland Real Estate [Member] | Other Current Assets [Member]
Note 13 - Asset Disposition, Impairment Charges and Accured Lease Exit Costs (Details) [Line Items]
Disposal Group, Including Discontinued Operation, Assets	2,835
Sugarland Real Estate [Member]
Note 13 - Asset Disposition, Impairment Charges and Accured Lease Exit Costs (Details) [Line Items]
Impairment of Real Estate	182
Leasehold Improvements [Member]
Note 13 - Asset Disposition, Impairment Charges and Accured Lease Exit Costs (Details) [Line Items]
Asset Impairment Charges	$106

Note_13_Asset_Disposition_Impa3

Note 13 - Asset Disposition, Impairment Charges and Accured Lease Exit Costs (Details) - Activity Related to Our Accrued Lease Exit Costs (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Nov. 29, 2014
Activity Related to Our Accrued Lease Exit Costs [Abstract]
Accrued lease exit costs	$847	$433
Provisions associated with Company-owned retail store closures	419
Payments and other	-5
Current portion included in other accrued liabilities	406
Long-term portion included in other long-term liabilities	441
	$847	$433

Note_15_Segment_Information_De

Note 15 - Segment Information (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015
Note 15 - Segment Information (Details) [Line Items]
Number of Reportable Segments	3
Zenith Freight Lines [Member]
Note 15 - Segment Information (Details) [Line Items]
Business Combination, Pro Forma Information, Operating Costs of Acquiree since Acquisition Date, Actual	6,007

Note_15_Segment_Information_De1

Note 15 - Segment Information (Details) - Segment Information for Each of Last Three Fiscal Years (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Feb. 28, 2015	Mar. 01, 2014
Segment Reporting Information [Line Items]
Sales Revenue	$92,807	$75,647
Income (loss) from Operations	2,877	1,086
Depreciation and Amortization	2,146	1,692
Capital Expenditures	3,918	6,899
Lease exit costs	-419
Asset impairment charges	-106
Operating Segments [Member] | Wholesale Segment [Member]
Segment Reporting Information [Line Items]
Sales Revenue	58,805	51,086
Income (loss) from Operations	2,927	2,348
Depreciation and Amortization	534	435
Capital Expenditures	961	1,437
Operating Segments [Member] | Retail Segment [Member]
Segment Reporting Information [Line Items]
Sales Revenue	57,183	47,124
Income (loss) from Operations	-42	-1,772
Depreciation and Amortization	1,355	1,257
Capital Expenditures	2,111	5,462
Operating Segments [Member] | Logistical Services [Member]
Segment Reporting Information [Line Items]
Sales Revenue	5,999
Income (loss) from Operations	-8
Depreciation and Amortization	257
Capital Expenditures	846
Intersegment Eliminations [Member] | Furniture and Accessories [Member]
Segment Reporting Information [Line Items]
Sales Revenue	-26,440	-22,563
Intersegment Eliminations [Member] | Logistical Services [Member]
Segment Reporting Information [Line Items]
Sales Revenue	-2,740
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) from Operations	$525	$510

Note_15_Segment_Information_De2

Note 15 - Segment Information (Details) - Segment Information - Indentifiable Assets (USD $)	Feb. 28, 2015	Nov. 29, 2014
In Thousands, unless otherwise specified
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable Assets	$260,415	$240,746
Operating Segments [Member] | Wholesale Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable Assets	127,288	154,275
Operating Segments [Member] | Retail Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable Assets	88,909	86,471
Operating Segments [Member] | Logistical Services [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable Assets	$44,218