Bassett Furniture Industries (BSET) 10-K 31 Jan 22 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Nov. 27, 2021	Jan. 14, 2022	May 29, 2021
Document Information [Line Items]
Entity Central Index Key	0000010329
Entity Registrant Name	BASSETT FURNITURE INDUSTRIES INC
Amendment Flag	false
Current Fiscal Year End Date	--11-27
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Document Type	10-K
Document Annual Report	true
Document Period End Date	Nov. 27, 2021
Document Transition Report	false
Entity File Number	000-00209
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	54-0135270
Entity Address, Address Line One	3525 Fairystone Park Highway
Entity Address, City or Town	Bassett
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	24055
City Area Code	276
Local Phone Number	629-6000
Title of 12(b) Security	Common Stock ($5.00 par value)
Trading Symbol	BSET
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 277,243,046
Entity Common Stock, Shares Outstanding		9,768,646
ICFR Auditor Attestation Flag	true

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 27, 2021	Nov. 28, 2020
Current assets
Cash and cash equivalents	$ 34,374	$ 45,799
Short-term investments	17,715	17,715
Accounts receivable, net of allowance for credit losses of $796 and $1,211 as of November 27, 2021 and November 28, 2020, respectively	28,168	22,340
Inventories	78,004	54,886
Recoverable income taxes	8,379	9,666
Other current assets	13,644	10,272
Total current assets	180,284	160,678
Property and equipment, net	94,066	90,917
Other long-term assets
Deferred income taxes, net	3,189	4,587
Goodwill and other intangible assets	23,448	23,827
Right of use assets under operating leases	114,148	116,903
Other	6,525	5,637
Total other long-term assets	147,310	150,954
Total assets	421,660	402,549
Current liabilities
Accounts payable	28,324	23,426
Accrued compensation and benefits	15,934	16,964
Customer deposits	51,492	39,762
Current portion of operating lease obligations	27,693	27,078
Other accrued liabilities	10,776	11,141
Total current liabilities	134,219	118,371
Long-term liabilities
Post employment benefit obligations	12,968	12,089
Long-term portion of operating lease obligations	105,841	111,972
Other long-term liabilities	5,900	2,087
Total long-term liabilities	124,709	126,148
Commitments and Contingencies
Stockholders’ equity
Common stock, $5 par value; 50,000,000 shares authorized; issued and outstanding 9,762,125 at November 27, 2021 and 9,942,787 at November 28, 2020	48,811	49,714
Retained earnings	115,631	109,710
Additional paid-in-capital	113	0
Accumulated other comprehensive loss	(1,823)	(1,394)
Total stockholders' equity	162,732	158,030
Total liabilities and stockholders’ equity	$ 421,660	$ 402,549

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Nov. 27, 2021	Nov. 28, 2020
Allowance for doubtful	$ 796	$ 1,211
Common stock, par value (in dollars per share)	$ 5	$ 5
Common stock, authorized (in shares)	50,000,000	50,000,000
Common stock, issued (in shares)	9,762,125	9,942,787
Common stock, outstanding (in shares)	9,762,125	9,942,787

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Sales revenue:
Sales revenues	$ 486,534	$ 385,863	$ 452,087
Selling, general and administrative expenses excluding new store pre-opening costs	196,831	176,368	217,913
New store pre-opening costs	0	0	1,117
Asset impairment charges	0	12,184	4,431
Goodwill impairment charge	0	1,971	1,926
Litigation expense	0	1,050	700
Lease exit costs	0	0	149
Early retirement program	0	0	835
Income (loss) from operations	25,999	(16,223)	(595)
Interest income	54	236	568
Interest expense	(322)	(49)	(6)
Other loss, net	(1,491)	(750)	(1,707)
Income (loss) before income taxes	24,240	(16,786)	(1,740)
Income tax expense (benefit)	6,198	(6,365)	188
Net income (loss)	$ 18,042	$ (10,421)	$ (1,928)
Net income per share
Basic income (loss) per share (in dollars per share)	$ 1.83	$ (1.05)	$ (0.19)
Diluted income (loss) per share (in dollars per share)	1.83	(1.05)	(0.19)
Dividends per share
Regular dividends (in dollars per share)	0.53	0.46	0.50
Special dividend (in dollars per share)	$ 0.25	$ 0	$ 0
Furniture and Accessories [Member]
Sales revenue:
Sales revenues	$ 430,886	$ 337,672	$ 403,865
Cost of goods and services sold	209,799	163,567	179,244
Logistical Services [Member]
Sales revenue:
Sales revenues	55,648	48,191	48,222
Cost of goods and services sold	$ 53,905	$ 46,946	$ 46,367

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Net income (loss)	$ 18,042	$ (10,421)	$ (1,928)
Other comprehensive income (loss):
Actuarial adjustment to Long Term Cash Awards (LTCA)	26	(86)	(141)
Other comprehensive income (loss), net of tax	(428)	(158)	1,102
Total comprehensive income (loss)	17,614	(10,579)	(826)
Pension Plan [Member]
Other comprehensive income (loss):
Amortization	144	125	124
Income taxes	(44)	(10)	4
Supplemental Employee Retirement Plan [Member]
Other comprehensive income (loss):
Amortization	44	8	184
Income taxes	190	64	(382)
Actuarial adjustment to supplemental executive retirement defined benefit plan (SERP)	$ (788)	$ (259)	$ 1,313

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Operating activities:
Net income (loss)	$ 18,042	$ (10,421)	$ (1,928)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	14,597	13,480	13,500
Goodwill, Impairment Loss	0	1,971	1,926
Non-cash asset impairment charges	0	12,184	4,431
Non-cash portion of lease exit costs	0	0	149
Bad debt valuation charges	(156)	492	61
Net (gain) loss on disposals of property and equipment	(367)	(81)	515
Gains on lease modifications	(37)	(1,313)	0
Inventory valuation charges	2,969	4,922	2,254
Deferred income taxes	1,545	2,513	(2,890)
Other, net	765	(51)	1,497
Changes in operating assets and liabilities
Accounts receivable	(5,672)	(1,454)	(2,616)
Inventories	(26,087)	6,494	(5,196)
Other current and long-term assets	(2,241)	(9,325)	1,017
Right of use assets under operating leases	26,243	32,107	0
Customer deposits	11,730	14,421	(1,816)
Accounts payable and accrued liabilities	2,153	5,965	(1,095)
Obligations under operating leases	(28,921)	(35,229)	0
Net cash provided by operating activities	14,563	36,675	9,809
Investing activities:
Purchases of property and equipment	(10,750)	(6,029)	(17,375)
Proceeds from sales of property and equipment	382	2,345	1,643
Cash paid for business acquisitions, net of cash acquired	0	0	0
Puchases of investments	0	(295)	0
Proceeds from maturities of investments	0	16	5,207
Other	(1,203)	216	(648)
Net cash used in investing activities	(11,571)	(3,747)	(11,173)
Financing activities:
Cash dividends	(7,689)	(4,544)	(5,133)
Proceeds from exercise of stock options	42	0	25
Issuance of common stock	363	285	328
Repurchases of common stock	(5,566)	(2,208)	(7,345)
Taxes paid related to net share settlement of equity awards	(219)	(228)	0
Repayment of finance lease obligations	(1,348)	(121)	0
Payments on notes and equipment loans	0	0	(292)
Net cash used in financing activities	(14,417)	(6,816)	(12,417)
Change in cash and cash equivalents	(11,425)	26,112	(13,781)
Cash and cash equivalents - beginning of year	45,799	19,687	33,468
Cash and cash equivalents - end of year	$ 34,374	$ 45,799	$ 19,687

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock Outstanding [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock Outstanding [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Nov. 24, 2018						10,527,636
Balance at Nov. 24, 2018	$ 0	$ 0	$ (21)	$ 0	$ (21)	$ 52,638	$ 0	$ 140,009	$ (2,338)	$ 190,309
Net income (loss)						0	0	(1,928)	0	(1,928)
Amortization of defined benefit plan costs, net of tax						0	0	0	230	230
Actuarial adjustments to defined benefit plans, net of tax						0	0	0	872	872
Regular dividends						$ 0	0	(5,133)	0	(5,133)
Issuance of common stock (in shares)						102,303
Issuance of common stock						$ 511	217	0	0	728
Purchase and retirement of common stock (in shares)						(513,649)
Purchase and retirement of common stock						$ (2,568)	(980)	(3,797)	0	(7,345)
Stock-based compensation						$ 0	958	0	0	958
Balance (in shares) at Nov. 30, 2019						10,116,290
Balance at Nov. 30, 2019	$ 0	$ 0	$ (3,785)	$ 0	$ (3,785)	$ 50,581	195	129,130	(1,236)	178,670
Net income (loss)						0	0	(10,421)	0	(10,421)
Amortization of defined benefit plan costs, net of tax						0	0	0	98	98
Actuarial adjustments to defined benefit plans, net of tax						0	0	0	(256)	(256)
Regular dividends						$ 0	0	(4,545)	0	(4,545)
Issuance of common stock (in shares)						43,218
Issuance of common stock						$ 216	69	0	0	285
Purchase and retirement of common stock (in shares)						(216,721)
Purchase and retirement of common stock						$ (1,083)	(684)	(669)	0	(2,436)
Stock-based compensation						$ 0	420	0	0	$ 420
Balance (in shares) at Nov. 28, 2020						9,942,787				9,942,787
Balance at Nov. 28, 2020						$ 49,714	0	109,710	(1,394)	$ 158,030
Net income (loss)						0	0	18,042	0	18,042
Amortization of defined benefit plan costs, net of tax						0	0	0	138	138
Actuarial adjustments to defined benefit plans, net of tax						0	0	0	(567)	(567)
Regular dividends						$ 0	0	(5,210)	0	(5,210)
Issuance of common stock (in shares)						34,902
Issuance of common stock						$ 175	230	0	0	405
Purchase and retirement of common stock (in shares)						(215,564)
Purchase and retirement of common stock						$ (1,078)	(275)	(4,432)	0	(5,785)
Stock-based compensation						0	158	0	0	158
Special dividend						$ 0	0	(2,479)	0	$ (2,479)
Balance (in shares) at Nov. 27, 2021						9,762,125				9,762,125
Balance at Nov. 27, 2021						$ 48,811	$ 113	$ 115,631	$ (1,823)	$ 162,732

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Retained Earnings [Member]
Regular dividends (in dollars per share)	$ 0.53	$ 0.455	$ 0.50
Special dividends, per share (in dollars per share)	0.25
Regular dividends (in dollars per share)	$ 0.53	$ 0.46	$ 0.50

Note 1 - Description of Busines

Note 1 - Description of Business	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Description of Business Bassett Furniture Industries, Incorporated (together with its consolidated subsidiaries, “Bassett”, “we”, “our”, the “Company”) based in Bassett, Virginia, is a leading manufacturer, marketer and retailer of branded home furnishings. Bassett’s full range of furniture products and accessories, designed to provide quality, style and value, are sold through an exclusive nation-wide network of 97 retail stores known as Bassett Home Furnishings (referred to as “BHF”). Of the 97 stores, the Company owns and operates 63 stores (“Company-owned retail stores”) with the other 34 being independently owned (“licensee operated”). We also distribute our products through other multi-line furniture stores, many of which feature Bassett galleries or design centers. We sourced approximately 24% of our wholesale products from various foreign countries, with the remaining volume produced at our five Impact of the COVID- 19 On March 11, 2020, 19” 19 second 2020. In response to the restrictive measures imposed by governmental authorities and for the protection of our employees and customers, we temporarily closed our dedicated stores, our manufacturing locations and many of our warehouses for much of the second 2020. second 2020 2020. 7 13 third fourth 2020 2021. Whereas the progress in mass vaccination programs in the U.S. has prompted state and local governments to substantially lift most remaining restrictions on commercial retail activity, the recent resurgence in COVID- 19 19

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Significant Accounting Policies Basis of Presentation and Principles of Consolidation Our fiscal year ends on the last Saturday in November, 53 2019 53 2021 2020 52 2021, 2020 2019 November 27, 2021, November 28, 2020 November 30, 2019, We analyzed our licensees under the requirements for variable interest entities (“VIEs”). All of these licensees operate as BHF stores and are furniture retailers. We sell furniture to these licensees, and in some cases have extended credit beyond normal terms, made lease guarantees, guaranteed loans, or loaned directly to the licensees. We have recorded reserves for potential exposures related to these licensees. See Note 14 810. none. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Some of the more significant estimates include allowances for doubtful accounts, calculation of inventory reserves, the valuation of our reporting units for the purpose of testing the carrying value of goodwill, and the valuation of our right of use assets. We also utilize estimates in determining the valuation of income tax reserves, lease guarantees, insurance reserves, and assumptions related to our post-employment benefit obligations. Actual results could differ from those estimates. Revenue Recognition ASC Topic 606, At wholesale, transfer occurs and revenue is recognized upon the shipment of goods to independent dealers and licensee-owned BHF stores. We offer payment terms varying from 30 to 60 days for wholesale customers. Estimates for returns and allowances have been recorded as a reduction of revenue based on our historical return patterns. The contracts with our licensee store owners do not At retail, transfer occurs and revenue is recognized upon delivery of goods to the customer. We typically collect a significant portion of the purchase price as a customer deposit upon order, with the balance typically collected upon delivery. These deposits are carried on our balance sheet as a current liability until delivery is fulfilled and amounted to $51,492 and $39,762 as of November 27, 2021 November 28, 2020, November 28, 2020 2021 November 27, 2021. third third For our logistical services segment, line-haul freight revenue is recognized as services are performed and are billed to the customer upon the completion of delivery to the destination. Because the customer receives the benefits of these services as the freight is in transit from point of origin to destination, we recognize revenue using a percentage of completion method based on our estimate of the amount of time freight has been in transit as of the reporting date compared with our estimate of the total required time for the deliveries. We recognize an asset for the amount of line-haul revenue earned but not November 27, 2021 November 28, 2020, Sales commissions are expensed as part of selling, general and administrative expenses at the time revenue is recognized because the amortization period would have been one November 27, 2021 November 28, 2020, not For our accounting and reporting under ASC 606, • We exclude from revenue amounts collected from customers for sales tax, which is consistent with our policy prior to the adoption of ASC 606. • We do not one • We do not one See Note 18 Cash Equivalents and Short-Term Investments The Company considers cash on hand, demand deposits in banks and all highly liquid investments with an original maturity of three twelve three Accounts Receivable Substantially all of our trade accounts receivable is due from customers located within the United States. We maintain an allowance for credit losses for estimated losses resulting from the inability of our customers to make required payments. The allowance for credit losses is based on a review of specifically identified accounts in addition to an overall aging analysis which is applied to accounts pooled on the basis of similar risk characteristics. Judgments are made with respect to the collectibility of accounts receivable within each pool based on historical experience, current payment practices and current economic trends based on our expectations over the expected life of the receivables, which is generally ninety Concentrations of Credit Risk and Major Customers Financial instruments that subject us to credit risk consist primarily of investments, accounts and notes receivable and financial guarantees. Investments are managed within established guidelines to mitigate risks. Accounts and notes receivable and financial guarantees subject us to credit risk partially due to the concentration of amounts due from and guaranteed on behalf of independent licensee customers. At November 27, 2021 November 28, 2020, 2021 2020 Accounts receivable, net of allowances (Note 4) $ 28,168 $ 22,340 Contingent obligations under lease and loan guarantees, less amounts recognized (Note 14) 1,794 1,760 Other 86 376 Total credit risk exposure related to customers $ 30,048 $ 24,476 At November 27, 2021 November 28, 2020, five 2021, 2020 2019, 10% two 2021, 2020 2019, We have no 2021, 2020, 2019, Inventories Inventories (retail merchandise, finished goods, work in process and raw materials) accounted for under the first first first first first November 27, 2021 November 28, 2020, may Property and Equipment Property and equipment is comprised of all land, buildings and leasehold improvements and machinery and equipment used in the manufacturing and warehousing of furniture, our Company-owned retail operations, our logistical services operations, and corporate administration. This property and equipment is stated at cost less accumulated depreciation. Depreciation is computed over the estimated useful lives of the respective assets utilizing the straight-line method. Buildings and improvements are generally depreciated over a period of 10 to 39 years. Machinery and equipment are generally depreciated over a period of 5 to 10 years. Leasehold improvements are amortized based on the underlying lease term, or the asset’s estimated useful life, whichever is shorter. Goodwill Goodwill represents the excess of the fair value of consideration given over the fair value of the tangible assets and liabilities and identifiable intangible assets of businesses acquired. The acquisition of assets and liabilities and the resulting goodwill is allocated to the respective reporting unit: Wood, Upholstery, Retail or Logistical Services. We review goodwill at the reporting unit level annually for impairment or more frequently if events or circumstances indicate that assets might be impaired. In accordance with ASC Topic 350, Intangibles Goodwill & Other, first not 350 No. 2017 04, Intangibles Goodwill and Other (Topic 350 September 1, 2019). not 50 not not not 2019, 2018, November 30, 2019. May 30, 2020 19 second 2020. November 28, 2020. fourth 2021 2020, no November 27, 2021 November 28, 2020. The quantitative evaluation compares the carrying value of each reporting unit that has goodwill with the estimated fair value of the respective reporting unit. Should the carrying value of a reporting unit be in excess of the estimated fair value of that reporting unit, a goodwill impairment charge will be recognized in the amount by which the reporting unit’s carrying amount exceeds its fair value, but not 3 820, Fair Value Measurements and Disclosure 4 may 7 September 1, 2019 May 30, 2020. Leases Effective as of the beginning of fiscal 2020, 2016 02, 842 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 retail and logistical services segments. We also lease tractors and trailers used in our logistical services segment, and local delivery trucks used in our retail segment. We determine if a contract contains a lease at inception based on our right to control the use of an identified asset and our right to obtain substantially all of the economic benefits from the use of that identified asset. Our real estate lease terms range from one five Most of our leases do not not We adopted the standard utilizing the transition election to not 1 2 3 not not not one Adoption of the standard resulted in the recording of additional net lease-related assets and lease-related liabilities of $146,585 and $151,672, respectively, as of December 1, 2019. 3 820, 3 not Prior to fiscal 2020, 840, See Note 14 Other Intangible Assets Intangible assets acquired in a business combination and determined to have an indefinite useful life are not Definite-lived intangible assets are amortized over their respective estimated useful lives and reviewed for impairment whenever events or changes in circumstances indicate that their carrying amounts may not may Impairment of Long Lived Assets We periodically evaluate whether events or circumstances have occurred that indicate long-lived assets may not may When analyzing our real estate properties for potential impairment, we consider such qualitative factors as our experience in leasing and selling real estate properties as well as specific site and local market characteristics. Upon the closure of a Bassett Home Furnishings store, we generally write off all tenant improvements which are only suitable for use in such a store. ROU assets under operating leases are written down to their estimated fair value. Our estimates of the fair value of the impaired ROU assets included estimates of discounted cash flows based upon current market rents and other inputs which we consider to be Level 3 820, 3 Income Taxes We account for income taxes under the liability method which requires that we recognize deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amount of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. See Note 12. We recognize the tax benefit from an uncertain tax position only if it is more likely than not may We evaluate our deferred income tax assets to determine if valuation allowances are required or should be adjusted. A valuation allowance is established against our deferred tax assets based on consideration of all available evidence, both positive and negative, using a “more likely than not” 12. New Store Pre-Opening Costs Income from operations for fiscal 2021, 2020 2019 $0, $0 not no Shipping and Handling Costs Costs incurred to deliver wholesale merchandise to customers are recorded in selling, general and administrative expense and totaled $17,829, $14,779, and $18,402 for fiscal 2021, 2020 2019, 2021, 2020 2019, Advertising Costs incurred for producing and distributing advertising and advertising materials are expensed when incurred and are included in selling, general and administrative expenses. Advertising costs totaled $15,272, $12,671, and $20,674 in fiscal 2021, 2020, 2019, Insurance Reserves We have self-funded insurance programs in place to cover workers’ compensation and health insurance. These insurance programs are subject to various stop-loss limitations. We accrue estimated losses using historical loss experience. Although we believe that the insurance reserves are adequate, the reserve estimates are based on historical experience, which may not Supplemental Cash Flow Information Refer to the supplemental lease disclosures in Note 14 2020. no 2021 2020. fourth 2019, Recent Accounting Pronouncements Recently Adopted Pronouncements Effective as of the beginning of fiscal 2021, No. 2016 13, 326 2016 13” 2016 13 2016 13 no Effective as of the beginning of fiscal 2021, No. 2018 15 350 40 2018 15” 2018 15 2018 15 not 2018 15. 2018 15 not Recent Pronouncements Not In December 2019, No. 2019 12 740 2019 12 2019 12 2019 12 2022 Reclassifications Certain prior year amounts in the consolidated financial statements have been reclassified to conform to the current year presentation with no

Note 3 - Financial Instruments,

Note 3 - Financial Instruments, Investments and Fair Value Measurements	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Fair Value Disclosures [Text Block]	3. Financial Instruments, Investments and Fair Value Measurements Financial Instruments Our financial instruments include cash and cash equivalents, short-term investments in certificates of deposit, accounts receivable, 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. Investments Our short-term investments of $17,715 at both November 27, 2021 November 28, 2020 six twelve November 27, 2021, three one November 27, 2021 November 28, 2020 Fair Value Measurement The Company accounts for items measured at fair value in accordance with ASC Topic 820, Fair Value Measurements and Disclosures 820’s 820 Level 1 Level 2 not Level 3 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. Our primary non-recurring fair value estimates typically involve business acquisitions (Note 3 2 3 8 3 14 3

Note 4 - Accounts Receivable

Note 4 - Accounts Receivable	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	4. Accounts Receivable Accounts receivable consists of the following: November 27, 2021 November 28, 2020 Gross accounts receivable $ 28,964 $ 23,551 Allowance for credit losses (796 ) (1,211 ) Net accounts receivable $ 28,168 $ 22,340 Activity in the allowance for credit losses was as follows: 2021 2020 Balance, beginning of the year $ 1,211 $ 815 Additions (recoveries) charged to expense (156 ) 492 Reductions to allowance, net (259 ) (96 ) Balance, end of the year $ 796 $ 1,211 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 3 820, Fair Value Measurements and Disclosures 4.

Note 5 - Inventories

Note 5 - Inventories	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Inventory Disclosure [Text Block]	5. Inventories Inventories consist of the following: November 27, 2021 November 28, 2020 Wholesale finished goods $ 40,254 $ 25,001 Work in process 482 516 Raw materials and supplies 21,653 14,836 Retail merchandise 30,914 27,946 Total inventories on first-in, first-out method 93,303 68,299 LIFO adjustment (10,483 ) (8,891 ) Reserve for excess and obsolete inventory (4,816 ) (4,522 ) $ 78,004 $ 54,886 We source a significant amount of our wholesale product from other countries. During 2021, 2020 2019, two 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 not not not Activity in the reserves for excess quantities and obsolete inventory by segment are as follows: Wholesale Segment Retail Segment Total Balance at November 30, 2019 $ 2,054 $ 308 $ 2,362 Additions charged to expense 3,745 1,177 4,922 Write-offs (2,378 ) (384 ) (2,762 ) Balance at November 28, 2020 3,421 1,101 4,522 Additions charged to expense 2,057 912 2,969 Write-offs (1,795 ) (880 ) (2,675 ) Balance at November 27, 2021 $ 3,683 $ 1,133 $ 4,816

Note 6 - Property and Equipment

Note 6 - Property and Equipment	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	6. Property and Equipment Property and equipment consist of the following: November 27, 2021 November 28, 2020 Land $ 9,478 $ 9,478 Buildings and leasehold improvements 117,297 114,961 Machinery and equipment 130,534 118,112 Property and equipment at cost 257,309 242,551 Less accumulated depreciation (163,243 ) (151,634 ) Property and equipment, net $ 94,066 $ 90,917 The net book value of our property and equipment by reportable segment is a follows: November 27, 2021 November 28, 2020 Wholesale $ 30,020 $ 26,999 Retail - Company-owned stores 39,148 44,820 Logistical Services 24,898 19,098 Total property and equipment, net $ 94,066 $ 90,917 Depreciation expense associated with the property and equipment shown above was included in income from operations in our consolidated statements of operations as follows: 2021 2020 2019 Cost of goods sold (wholesale segment) $ 1,797 $ 1,552 $ 1,402 Selling, general and adminstrative expenses: Wholesale segment 1,532 1,516 1,672 Retail segment 6,580 6,578 7,479 Logistical services segment 4,308 3,454 3,697 Total included in selling, general and adminstrative expenses 12,420 11,548 12,848 Total depreciation expense included in income from operations $ 14,217 $ 13,100 $ 14,250

Note 7 - Goodwill and Other Int

Note 7 - Goodwill and Other Intangible Assets	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	7. Goodwill and Other Intangible Assets Goodwill and other intangible assets consisted of the following: November 27, 2021 Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Intangibles subject to amortization: Customer relationships $ 3,550 $ (1,606 ) $ 1,944 Technology - customized applications 834 (814 ) 20 Total intangible assets subject to amortization $ 4,384 $ (2,420 ) 1,964 Intangibles not subject to amortization: Trade names 9,338 Goodwill 12,146 Total goodwill and other intangible assets $ 23,448 November 28, 2020 Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Intangibles subject to amortization: Customer relationships $ 3,550 $ (1,346 ) $ 2,204 Technology - customized applications 834 (695 ) 139 Total intangible assets subject to amortization $ 4,384 $ (2,041 ) 2,343 Intangibles not subject to amortization: Trade names 9,338 Goodwill 12,146 Total goodwill and other intangible assets $ 23,827 Due to the impact of the COVID- 19 May 30, 2020, second November 28, 2020. fourth 2020 2021, no The determination of the fair value of our reporting units is based on a combination of a market approach, that considers benchmark company market multiples, and an income approach, that utilizes discounted cash flows for each reporting unit and other Level 3 820, Fair Value Measurements and Disclosure 3 Changes in the carrying amounts of goodwill by reportable segment were as follows: Wholesale Retail Logistics Total Balance as of November 30, 2019 $ 9,188 $ - $ 4,929 $ 14,117 Goodwill impairment (1,971 ) - - (1,971 ) Balance as of November 28, 2020 7,217 - 4,929 12,146 No changes in fiscal 2021 - - - - Balance as of November 27, 2021 $ 7,217 $ - $ 4,929 $ 12,146 Accumulated impairment losses were $3,897, $3,897 and $1,926 at November 27, 2021, November 28, 2020 November 30, 2019, The weighted average useful lives of our finite-lived intangible assets and remaining amortization periods as of November 27, 2021 Useful Life in Years Remaining Amortization Period in Years Customer relationships 14 8 Technology - customized applications 7 0 Amortization expense associated with intangible assets during fiscal 2021, 2020 2019 2021, 2020 2019, November 27, 2021 Fiscal 2022 $ 279 Fiscal 2023 259 Fiscal 2024 259 Fiscal 2025 259 Fiscal 2026 259 Thereafter 649 Total $ 1,964

Note 8 - Bank Credit Facility

Note 8 - Bank Credit Facility	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	8. Bank Credit Facility Bank Credit Facility Our bank credit facility provides for a line of credit of up to $25,000. At November 27, 2021, November 27, 2021. January 31, 2022. On January 27, 2022, twelve ● Consolidated fixed charge coverage ratio of not ● Consolidated lease-adjusted leverage ratio not ● Minimum tangible net worth ratio of $140,000, which will change to $120,000 if we do not 20, We were in compliance with these covenants at November 27, 2021 January 27, 2025, Total interest paid, including the interest component of financing lease payments, during fiscal 2021, 2020 2019

Note 9 - Post-employment Benefi

Note 9 - Post-employment Benefit Obligations	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Postemployment Benefits Disclosure [Text Block]	9. Post-Employment Benefit Obligations Management Savings Plan On May 1, 2017, The Plan is an account-based plan under which (i) participants may may one may 1 2 3 five third 2017. 1 third 2 63 3 2021, 2020 2019, November 27, 2021 November 28, 2020 On May 2, 2017, first 63 63, not 2021, 2020 2019, November 27, 2021, Supplemental Retirement Income Plan We have an unfunded Supplemental Retirement Income Plan (the “Supplemental Plan”) that covers one November 27, 2021 no Aggregated summarized information for the Supplemental Plan and the LTC Awards, measured as of the end of each year presented, is as follows: ` 2021 2020 Change in Benefit Obligation: Projected benefit obligation at beginning of year $ 10,071 $ 10,090 Service cost 120 172 Interest cost 196 268 Actuarial (gains) and losses 762 345 Benefits paid (409 ) (804 ) Projected benefit obligation at end of year $ 10,740 $ 10,071 Accumulated Benefit Obligation $ 10,740 $ 10,034 Discount rate used to value the ending benefit obligations: 2.25 % 2.00 % Amounts recognized in the consolidated balance sheet: Current liabilities $ 913 $ 613 Noncurrent liabilities 9,827 9,458 Total amounts recognized $ 10,740 $ 10,071 Amounts recognized in accumulated other comprehensive income: Prior service cost $ 355 $ 480 Actuarial loss 2,093 1,394 Net amount recognized $ 2,448 $ 1,874 Total recognized in net periodic benefit cost and accumulated other comprehensive income: $ 1,078 $ 785 2021 2020 2019 Components of Net Periodic Pension Cost: Service cost $ 121 $ 172 $ 190 Interest cost 196 268 441 Amortization of prior service cost 126 126 126 Amortization of other loss 59 8 183 Net periodic pension cost $ 502 $ 574 $ 940 Assumptions used to determine net periodic pension cost: Discount rate 2.00 % 2.75 % 4.00 % Increase in future compensation levels 3.00 % 3.00 % 3.00 % Estimated Future Benefit Payments (with mortality): Fiscal 2022 $ 913 Fiscal 2023 870 Fiscal 2024 825 Fiscal 2025 857 Fiscal 2026 809 Fiscal 2027 through 2031 3,692 Of the $2,448 recognized in accumulated other comprehensive income at November 27, 2021, 2022 Prior service cost $ 126 Other loss 51 Total expected to be amortized to net periodic pension cost in 2022 $ 177 The components of net periodic pension cost other than the service cost component are included in other loss, net in our consolidated statements of operations. Deferred Compensation Plan We have an unfunded Deferred Compensation Plan that covers one no 2021, 2020, 2019, November 27, 2021 November 28, 2020, Defined Contribution Plan We have a qualified defined contribution plan (Employee Savings/Retirement Plan) that covers substantially all employees who elect to participate and have fulfilled the necessary service requirements. Employee contributions to the Plan are matched at the rate of 25% of up to 8% of gross pay, regardless of years of service. During fiscal 2020, six 19 fourth 2021, 2020 2019,

Note 10 - Accumulated Other Com

Note 10 - Accumulated Other Comprehensive Loss	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	10. Accumulated Other Comprehensive Loss The activity in accumulated other comprehensive loss for the fiscal years ended November 27, 2021 November 28, 2020, Balance at November 30, 2019 $ (1,236 ) Actuarial losses (345 ) Net pension amortization reclassified from accumulated other comprehensive loss 133 Tax effects 54 Balance at November 28, 2020 (1,394 ) Actuarial losses (762 ) Net pension amortization reclassified from accumulated other comprehensive loss 186 Tax effects 147 Balance at November 27, 2021 $ (1,823 )

Note 11 - Capital Stock and Sto

Note 11 - Capital Stock and Stock Compensation	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	11. Capital Stock and Stock Compensation We account for our stock-based employee and director compensation plans in accordance with ASC 718, Compensation Stock Compensation 718 2021, 2020 2019 2021 2020 2019 Stock based compensation expense $ 158 $ 420 $ 958 Incentive Stock Compensation Plans 2021 On March 10, 2021, 2021 “2021 2021 2021 2021 2021 may 2021 may may 2021 14A February 8, 2021. 2010 On April 14, 2010, 2010 January 13, 2016 ( “2010 2010 2010 April 2020 no The fair value of each option award was estimated on the date of grant using the Black-Scholes option pricing model. The risk free rate is based on the U.S. Treasury rate for the expected life at the time of grant, volatility is based on the average long-term implied volatilities of peer companies, the expected life is based on the estimated average of the life of options using the simplified method. Forfeitures are recognized as they occur. We utilized the simplified method to determine the expected life of our options due to insufficient exercise activity during recent years as a basis from which to estimate future exercise patterns. Stock Options There were no new grants of options made in 2021, 2020 2019. Changes in the outstanding options under our plans during the year ended November 27, 2021 Number of Shares Weighted Average Exercise Price Per Share Outstanding at November 28, 2020 5,250 $ 8.02 Granted - - Exercised (5,250 ) 8.02 Forfeited/Expired - - Outstanding at November 27, 2021 - - Exercisable at November 27, 2021 - - Additional information regarding activity in our stock options during fiscal 2021, 2020 2019 2021 2020 2019 Total intrinsic value of options exercised $ 93 $ - $ 34 Total cash received from the exercise of options 42 - 25 Excess tax benefits recognized in income tax expense upon the exercise of options 18 - 6 Restricted Shares Changes in the outstanding non-vested restricted shares during the year ended November 27, 2021 Number of Shares Weighted Average Grant Date Fair Value Per Share Non-vested restricted shares outstanding at November 28, 2020 34,500 $ 33.58 Granted 7,105 24.63 Vested (31,000 ) 35.75 Forfeited - - Non-vested restricted shares outstanding at November 27, 2021 10,605 $ 21.24 During fiscal 2021, 2021 2020, 2021, 2020 2019, Additional information regarding our outstanding non-vested restricted shares at November 27, 2021 Remaining Restricted Share Value Restriction Grant Shares at Grant Date Period Date Outstanding Per Share (Years) October 9, 2019 3,500 $ 14.37 0.9 March 10, 2021 7,105 24.63 0.3 10,605 Unrecognized compensation cost related to these non-vested restricted shares at November 27, 2021 2022. Employee Stock Purchase Plan In March 2017 2017 “2017 2017 2021, 2020 2019, 2017 November 27, 2021.

Note 12 - Income Taxes

Note 12 - Income Taxes	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	12. The components of the income tax provision are as follows: 2021 2020 2019 Current: Federal $ 4,437 $ (8,486 ) $ 2,150 State 178 155 892 Deferred: Federal 435 2,457 (2,191 ) State 1,148 (491 ) (663 ) Total $ 6,198 $ (6,365 ) $ 188 On March 27, 2020 2018, 2019 2020 five November 28, 2020 21% 35%. A reconciliation of the statutory federal income tax rate and the effective income tax rate, as a percentage of income before income taxes, is as follows: 2021 2020 2019 Statutory federal income tax rate 21.0 % 21.0 % 21.0 % CARES Act benefit - 21.1 - State income tax, net of federal benefit 4.2 1.7 (14.0 ) Impairment of non-deductible goodwill - (2.5 ) (23.2 ) Excess tax from stock-based compensation 0.4 (0.6 ) 0.3 Other - (2.8 ) 5.1 Effective income tax rate 25.6 % 37.9 % (10.8 )% Excess tax (expense) benefits in the amount of $(115), $(114), and $22 were recognized as a component of income tax expense during fiscal 2021, 2020 2019, 2020 2019 no The income tax effects of temporary differences and carryforwards, which give rise to significant portions of the deferred income tax assets and deferred income tax liabilities, are as follows: November 27, 2021 November 28, 2020 Deferred income tax assets: Trade accounts receivable $ 199 $ 303 Inventories 3,121 3,086 Notes receivable 44 44 Post employment benefit obligations 3,562 3,260 State net operating loss carryforwards 153 1,321 Leases 5,055 5,850 Other 1,180 1,856 Gross deferred income tax assets 13,314 15,720 Valuation allowance - - Total deferred income tax assets 13,314 15,720 Deferred income tax liabilities: Property and equipment 7,013 8,746 Intangible assets 1,712 1,404 Prepaid expenses and other 1,400 983 Total deferred income tax liabilities 10,125 11,133 Net deferred income tax assets $ 3,189 $ 4,587 We have state net operating loss carryforwards available to offset future taxable state income of $3,010, which expire in varying amounts between 2030 and 2040. Income taxes paid, net of refunds received, during fiscal 2021, 2020 2019 We regularly evaluate, assess and adjust our accrued liabilities for unrecognized tax benefits in light of changing facts and circumstances, which could cause the effective tax rate to fluctuate from period to period. Our accrued liabilities for uncertain tax benefits at November 27, 2021 November 28, 2020 2021 not Significant judgment is required in evaluating the Company's federal and state tax positions and in the determination of its tax provision. Despite our belief that the liability for unrecognized tax benefits is adequate, it is often difficult to predict the final outcome or the timing of the resolution of any particular tax matter. We may may We remain subject to examination for tax years 2018 2021

Note 13 - Other Gains and Losse

Note 13 - Other Gains and Losses	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Other Gains and Losses [Text Block]	13. Other Gains and Losses Gains on Dispositions of Retail Store Locations Selling, general and administrative expenses for the year ended November 28, 2020 Early Retirement Program During the first 2019, one one November 30, 2019. November 28, 2020. Asset Impairment Charges and Lease Exit Costs During fiscal 2020 five May. During fiscal 2019, six Litigation Expense During fiscal 2020 2019 15 Gains from Company-Owned Life Insurance Other loss, net for the fiscal 2020 2019

Note 14 - Leases and Lease Guar

Note 14 - Leases and Lease Guarantees	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Lessee, Operating and Finance Leases [Text Block]	14. Leases and Lease Guarantees Leases Fiscal 2021 2020 Effective as of the beginning of fiscal 2020, 2016 02, 842 2 842 Supplemental balance sheet information related to our leases as of November 27, 2021 November 28, 2020 November 27, 2021 November 28, 2020 Operating leases: Right of use assets $ 114,148 $ 116,903 Lease liabilties, short-term 27,693 27,078 Lease liabilties, long-term 105,841 111,972 Finance leases: Right of use assets (1) $ 7,538 $ 2,623 Lease liabilties, short-term (2) 1,759 534 Lease liabilties, long-term (3) 5,801 1,862 ( 1 ( 2 ( 3 Our right-of-use assets under operating leases by segment as of November 27, 2021 November 28, 2020 November 27, 2021 November 28, 2020 Wholesale $ 9,842 $ 10,232 Retail 86,114 90,487 Logistical services 18,192 16,184 Total right of use assets $ 114,148 $ 116,903 The components of our lease cost for the years ended November 27, 2021 November 28, 2020 2021 2020 Lease cost: Operating lease cost $ 32,168 $ 33,207 Financing lease cost: Amortization of right-of-use assets 1,434 213 Interest on lease liabilities 304 49 Short-term lease cost 1,986 2,040 Variable lease cost (net of abatements received) 321 (605 ) Sublease income (1,670 ) (1,557 ) Total lease cost $ 34,543 $ 33,347 Supplemental lease disclosures as of November 27, 2021 November 28, 2020 Operating Financing For the year ended November 28, 2020: Cash paid for amounts included in the measurements of lease liabilities $ 35,310 $ 260 Lease liabilities arising from new right-of-use assets 10,804 2,623 For the year ended November 27, 2021: Cash paid for amounts included in the measurements of lease liabilities 35,432 1,668 Lease liabilities arising from new right-of-use assets 24,518 6,511 As of November 28, 2020: Weighted average remaining lease terms (years) 6.2 4.3 Weighted average discount rates 4.98 % 4.43 % As of November 27, 2021: Weighted average remaining lease terms (years) 6.0 4.8 Weighted average discount rates 5.04 % 4.72 % Future payments under our leases and the present value of the obligations as of November 27, 2021 Operating Leases Financing Leases Fiscal 2022 $ 33,493 $ 2,076 Fiscal 2023 30,579 1,949 Fiscal 2024 23,219 1,669 Fiscal 2025 19,106 1,171 Fiscal 2026 15,482 818 Thereafter 33,947 766 Total lease payments 155,826 8,449 Less: interest 22,292 889 Total lease obligations $ 133,534 $ 7,560 As of November 27, 2021, twenty-three 2022 three eighteen five eight fourth 2022. We sublease a small number of our leased locations to certain of our licensees for operation as BHF network stores. The terms of these leases generally match those of the lease we have with the lessor. Minimum future lease payments due to us under these subleases are as follows: Fiscal 2022 $ 1,979 Fiscal 2023 1,662 Fiscal 2024 1,027 Fiscal 2025 599 Fiscal 2026 156 Thereafter - Total minimum future rental income $ 5,423 We negotiated with a number of our landlords to obtain relief in the form of rent deferrals or abatements of rent as a result of the effects of COVID- 19 November 28, 2020, 2021 November 27, 2021 not 842 840: 19 April 2020, 19 not no not no November 28, 2020, Fiscal 2019 Prior to the adoption of Topic 842, 840, 840 not November 30, 2019. 2019 no Lease expense was $41,809 for 2019. 2019 Guarantees As part of the strategy for our store program, we have guaranteed certain lease obligations of licensee operators. Lease guarantees range from one three November 27, 2021 November 28, 2020, 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 November 27, 2021 November 28, 2020, not

Note 15 - Contingencies

Note 15 - Contingencies	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	15. Contingencies We are involved in various claims and actions which arise in the normal course of business. Although the final outcome of these matters cannot be determined, based on the facts presently known, it is our opinion that the final resolution of these matters will not November 27, 2021 November 28, 2020,

Note 16 - Earnings (Loss) Per S

Note 16 - Earnings (Loss) Per Share	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	16. Earnings (Loss) Per Share The following table sets forth the computation of basic and diluted earnings (loss) per share: 2021 2020 2019 Numerator: Net income (loss) $ 18,042 $ (10,421 ) $ (1,928 ) Denominator: Denominator for basic income per share - weighted average shares 9,835,829 9,969,616 10,285,511 Effect of dilutive securities* 7,945 - - Denominator for diluted income per share — weighted average shares and assumed conversions 9,843,774 9,969,616 10,285,511 Basic income (loss) per share: Net income (loss) per share — basic $ 1.83 $ (1.05 ) $ (0.19 ) Diluted income (loss) per share: Net income (loss) per share — diluted $ 1.83 $ (1.05 ) $ (0.19 ) *Due to the net losses in 2020 2019, For fiscal 2021, 2020 2019, 2021 2020 2019 Unvested restricted shares - 90,153 45,036 Stock options - 5,250 -

Note 17 - Segment Information

Note 17 - Segment Information	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	17. Segment Information We have strategically aligned our business into three 280, Segment Reporting ● Wholesale. ● Retail Company-owned stores. ● Logistical services. 2015, 20, Inter-company sales elimination represents the elimination of wholesale sales to our Company-owned stores and the elimination of Zenith logistics revenue from our wholesale segment. Inter-company income elimination includes the embedded wholesale profit in the Company-owned store inventory that has not The following table presents segment information for each of the last three 2021 2020 2019 Sales Revenue Wholesale sales of furniture and accessories $ 295,329 $ 221,075 $ 261,105 Less: Sales to retail segment (112,270 ) (95,347 ) (125,933 ) Wholesale sales to external customers 183,059 125,728 135,172 Retail sales of furniture and accessories 247,827 211,944 268,693 Consolidated net sales of furniture and accessories 430,886 337,672 403,865 Logistical services revenue 86,977 75,158 80,074 Less: Services to wholesale segment (31,329 ) (26,967 ) (31,852 ) Logistical services to external customers 55,648 48,191 48,222 Total sales revenue $ 486,534 $ 385,863 $ 452,087 Income (loss) from Operations Wholesale $ 17,490 $ 4,587 $ 11,456 Retail 7,044 (9,497 ) (7,009 ) Logistical services 1,743 1,245 1,855 Inter-company elimination (278 ) 2,647 1,144 Asset impairment charges - (12,184 ) (4,431 ) Goodwill impairment charge - (1,971 ) (1,926 ) Early retirement program - - (835 ) Litigation expense - (1,050 ) (700 ) Lease exit costs - - (149 ) Consolidated income from operations $ 25,999 $ (16,223 ) $ (595 ) Depreciation and Amortization Wholesale $ 3,386 $ 3,125 $ 3,178 Retail 6,580 6,578 6,303 Logistical services 4,631 3,777 4,019 Consolidated $ 14,597 $ 13,480 $ 13,500 Capital Expenditures Wholesale $ 5,943 $ 2,434 $ 5,650 Retail 299 695 8,473 Logistical services 4,508 2,900 3,627 Consolidated $ 10,750 $ 6,029 $ 17,750 Identifiable Assets Wholesale $ 197,543 $ 176,243 $ 144,392 Retail 160,929 169,105 91,997 Logistical services 63,188 57,201 39,377 Consolidated $ 421,660 $ 402,549 $ 275,766 See Note 18

Note 18 - Revenue Recognition

Note 18 - Revenue Recognition	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	18. Revenue Recognition Disaggregated revenue information for sales of furniture and accessories by product category for fiscal years 2021, 2020 2019, 2021 2020 2019 Wholesale Retail Total Wholesale Retail Total Wholesale Retail Total Bassett Custom Upholstery $ 105,445 $ 139,527 $ 244,972 $ 71,840 $ 112,888 $ 184,728 $ 78,856 $ 142,865 $ 221,721 Bassett Leather 36,157 226 36,383 20,487 2,326 22,813 17,083 3,782 20,865 Bassett Custom Wood 24,079 30,931 55,010 19,682 28,942 48,624 21,264 35,092 56,356 Bassett Casegoods 17,378 42,658 60,036 13,719 35,728 49,447 17,221 44,827 62,048 Accessories, mattresses and other (1) (2) - 34,485 34,485 - 32,060 32,060 748 42,127 42,875 Consolidated Furniture and Accessories revenue $ 183,059 $ 247,827 $ 430,886 $ 125,728 $ 211,944 $ 337,672 $ 135,172 $ 268,693 $ 403,865 ( 1 Includes the sale of goods other than Bassett-branded products, such as accessories and bedding, and also includes the sale of furniture protection plans. ( 2 Beginning with the third 2019, no third

Note 19 - Quarterly Results of

Note 19 - Quarterly Results of Operations	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Quarterly Financial Information [Text Block]	19. Quarterly Results of Operations 2021 First Quarter Second Quarter Third Quarter Fourth Quarter Sales revenue: Furniture and accessories $ 101,655 $ 109,997 $ 104,870 $ 114,364 Logistics 12,018 14,062 14,036 15,532 Total sales revenue 113,673 124,059 118,906 129,896 Cost of furniture and accessories sold 48,252 52,911 52,263 56,373 Income from operations 6,021 8,379 4,490 7,109 Net income 4,011 5,974 3,016 5,041 Basic earnings per share 0.40 0.60 0.31 0.52 Diluted earnings per share 0.40 0.60 0.31 0.52 2020 First Quarter Second Quarter (1) Third Quarter (2) Fourth Quarter (3) Sales revenue: Furniture and accessories $ 98,942 $ 53,000 $ 80,341 $ 105,389 Logistics 13,178 10,801 11,218 12,994 Total sales revenue 112,120 63,801 91,559 118,383 Cost of furniture and accessories sold 45,270 29,452 38,418 50,427 Income (loss) from operations 2,210 (31,229 ) 2,747 10,049 Net income (loss) 1,210 (20,352 ) 2,178 6,543 Basic earnings (loss) per share 0.12 (2.04 ) 0.22 0.65 Diluted earnings (loss) per share 0.12 (2.04 ) 0.22 0.65 All quarters shown above for fiscal 2021 2020 13 ( 1 Loss from operations reflects the severe impact of the COVID- 19 1 7 13 35% 12 ( 2 Net income includes a non-taxable gain of $914 arising from the recognition of a death benefit from Company-owned life insurance (see Note 13 ( 3 Income from operations includes a gain of $1,161 arising from the settlement of a lease obligation (see Note 13

Note 20 - Subsequent Event

Note 20 - Subsequent Event	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
Subsequent Events [Text Block]	20. Subsequent Event On January 31, 2022, February 28, 2022

Schedule II - Analysis of Valua

Schedule II - Analysis of Valuation and Qualifying Accounts	12 Months Ended
	Nov. 27, 2021
Notes to Financial Statements
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	Bassett Furniture Industries, Incorporated Schedule II Analysis of Valuation and Qualifying Accounts For the Years Ended November 27, 2021, November 28, 2020 November 30, 2019 (amounts in thousands) Balance Beginning of Period Additions Charged to Cost and Expenses Deductions (1) Other Balance End of Period For the Year Ended November 30, 2019: Reserve deducted from assets to which it applies Allowance for doubtful accounts $ 754 $ 61 $ - $ - (2) $ 815 Notes receivable valuation reserves $ 377 $ - $ (18 ) $ - $ 359 For the Year Ended November 28, 2020: Reserve deducted from assets to which it applies Allowance for doubtful accounts $ 815 $ 492 $ (96 ) $ 1,211 Notes receivable valuation reserves $ 359 $ - $ - $ - $ 359 For the Year Ended November 27, 2021: Reserve deducted from assets to which it applies Allowance for doubtful accounts $ 1,211 $ (156 ) $ (259 ) $ - $ 796 Notes receivable valuation reserves $ 359 $ - $ - $ - $ 359 ( 1 Deductions are for the purpose for which the reserve was created. ( 2 Represents reserves of acquired business at date of acquisition.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Nov. 27, 2021
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation and Principles of Consolidation Our fiscal year ends on the last Saturday in November, 53 2019 53 2021 2020 52 2021, 2020 2019 November 27, 2021, November 28, 2020 November 30, 2019, We analyzed our licensees under the requirements for variable interest entities (“VIEs”). All of these licensees operate as BHF stores and are furniture retailers. We sell furniture to these licensees, and in some cases have extended credit beyond normal terms, made lease guarantees, guaranteed loans, or loaned directly to the licensees. We have recorded reserves for potential exposures related to these licensees. See Note 14 810. none.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Some of the more significant estimates include allowances for doubtful accounts, calculation of inventory reserves, the valuation of our reporting units for the purpose of testing the carrying value of goodwill, and the valuation of our right of use assets. We also utilize estimates in determining the valuation of income tax reserves, lease guarantees, insurance reserves, and assumptions related to our post-employment benefit obligations. Actual results could differ from those estimates.
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition ASC Topic 606, At wholesale, transfer occurs and revenue is recognized upon the shipment of goods to independent dealers and licensee-owned BHF stores. We offer payment terms varying from 30 to 60 days for wholesale customers. Estimates for returns and allowances have been recorded as a reduction of revenue based on our historical return patterns. The contracts with our licensee store owners do not At retail, transfer occurs and revenue is recognized upon delivery of goods to the customer. We typically collect a significant portion of the purchase price as a customer deposit upon order, with the balance typically collected upon delivery. These deposits are carried on our balance sheet as a current liability until delivery is fulfilled and amounted to $51,492 and $39,762 as of November 27, 2021 November 28, 2020, November 28, 2020 2021 November 27, 2021. third third For our logistical services segment, line-haul freight revenue is recognized as services are performed and are billed to the customer upon the completion of delivery to the destination. Because the customer receives the benefits of these services as the freight is in transit from point of origin to destination, we recognize revenue using a percentage of completion method based on our estimate of the amount of time freight has been in transit as of the reporting date compared with our estimate of the total required time for the deliveries. We recognize an asset for the amount of line-haul revenue earned but not November 27, 2021 November 28, 2020, Sales commissions are expensed as part of selling, general and administrative expenses at the time revenue is recognized because the amortization period would have been one November 27, 2021 November 28, 2020, not For our accounting and reporting under ASC 606, • We exclude from revenue amounts collected from customers for sales tax, which is consistent with our policy prior to the adoption of ASC 606. • We do not one • We do not one See Note 18
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Equivalents and Short-Term Investments The Company considers cash on hand, demand deposits in banks and all highly liquid investments with an original maturity of three twelve three
Accounts Receivable [Policy Text Block]	Accounts Receivable Substantially all of our trade accounts receivable is due from customers located within the United States. We maintain an allowance for credit losses for estimated losses resulting from the inability of our customers to make required payments. The allowance for credit losses is based on a review of specifically identified accounts in addition to an overall aging analysis which is applied to accounts pooled on the basis of similar risk characteristics. Judgments are made with respect to the collectibility of accounts receivable within each pool based on historical experience, current payment practices and current economic trends based on our expectations over the expected life of the receivables, which is generally ninety
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Credit Risk and Major Customers Financial instruments that subject us to credit risk consist primarily of investments, accounts and notes receivable and financial guarantees. Investments are managed within established guidelines to mitigate risks. Accounts and notes receivable and financial guarantees subject us to credit risk partially due to the concentration of amounts due from and guaranteed on behalf of independent licensee customers. At November 27, 2021 November 28, 2020, 2021 2020 Accounts receivable, net of allowances (Note 4) $ 28,168 $ 22,340 Contingent obligations under lease and loan guarantees, less amounts recognized (Note 14) 1,794 1,760 Other 86 376 Total credit risk exposure related to customers $ 30,048 $ 24,476 At November 27, 2021 November 28, 2020, five 2021, 2020 2019, 10% two 2021, 2020 2019, We have no 2021, 2020, 2019,
Inventory, Policy [Policy Text Block]	Inventories Inventories (retail merchandise, finished goods, work in process and raw materials) accounted for under the first first first first first November 27, 2021 November 28, 2020, may
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment is comprised of all land, buildings and leasehold improvements and machinery and equipment used in the manufacturing and warehousing of furniture, our Company-owned retail operations, our logistical services operations, and corporate administration. This property and equipment is stated at cost less accumulated depreciation. Depreciation is computed over the estimated useful lives of the respective assets utilizing the straight-line method. Buildings and improvements are generally depreciated over a period of 10 to 39 years. Machinery and equipment are generally depreciated over a period of 5 to 10 years. Leasehold improvements are amortized based on the underlying lease term, or the asset’s estimated useful life, whichever is shorter.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill Goodwill represents the excess of the fair value of consideration given over the fair value of the tangible assets and liabilities and identifiable intangible assets of businesses acquired. The acquisition of assets and liabilities and the resulting goodwill is allocated to the respective reporting unit: Wood, Upholstery, Retail or Logistical Services. We review goodwill at the reporting unit level annually for impairment or more frequently if events or circumstances indicate that assets might be impaired. In accordance with ASC Topic 350, Intangibles Goodwill & Other, first not 350 No. 2017 04, Intangibles Goodwill and Other (Topic 350 September 1, 2019). not 50 not not not 2019, 2018, November 30, 2019. May 30, 2020 19 second 2020. November 28, 2020. fourth 2021 2020, no November 27, 2021 November 28, 2020. The quantitative evaluation compares the carrying value of each reporting unit that has goodwill with the estimated fair value of the respective reporting unit. Should the carrying value of a reporting unit be in excess of the estimated fair value of that reporting unit, a goodwill impairment charge will be recognized in the amount by which the reporting unit’s carrying amount exceeds its fair value, but not 3 820, Fair Value Measurements and Disclosure 4 may 7 September 1, 2019 May 30, 2020.
Lessee, Leases [Policy Text Block]	Leases Effective as of the beginning of fiscal 2020, 2016 02, 842 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 retail and logistical services segments. We also lease tractors and trailers used in our logistical services segment, and local delivery trucks used in our retail segment. We determine if a contract contains a lease at inception based on our right to control the use of an identified asset and our right to obtain substantially all of the economic benefits from the use of that identified asset. Our real estate lease terms range from one five Most of our leases do not not We adopted the standard utilizing the transition election to not 1 2 3 not not not one Adoption of the standard resulted in the recording of additional net lease-related assets and lease-related liabilities of $146,585 and $151,672, respectively, as of December 1, 2019. 3 820, 3 not Prior to fiscal 2020, 840, See Note 14
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Other Intangible Assets Intangible assets acquired in a business combination and determined to have an indefinite useful life are not Definite-lived intangible assets are amortized over their respective estimated useful lives and reviewed for impairment whenever events or changes in circumstances indicate that their carrying amounts may not may
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long Lived Assets We periodically evaluate whether events or circumstances have occurred that indicate long-lived assets may not may When analyzing our real estate properties for potential impairment, we consider such qualitative factors as our experience in leasing and selling real estate properties as well as specific site and local market characteristics. Upon the closure of a Bassett Home Furnishings store, we generally write off all tenant improvements which are only suitable for use in such a store. ROU assets under operating leases are written down to their estimated fair value. Our estimates of the fair value of the impaired ROU assets included estimates of discounted cash flows based upon current market rents and other inputs which we consider to be Level 3 820, 3
Income Tax, Policy [Policy Text Block]	Income Taxes We account for income taxes under the liability method which requires that we recognize deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amount of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. See Note 12. We recognize the tax benefit from an uncertain tax position only if it is more likely than not may We evaluate our deferred income tax assets to determine if valuation allowances are required or should be adjusted. A valuation allowance is established against our deferred tax assets based on consideration of all available evidence, both positive and negative, using a “more likely than not” 12.
New Store Pre Opening Costs [Policy Text Block]	New Store Pre-Opening Costs Income from operations for fiscal 2021, 2020 2019 $0, $0 not no
Shipping and Handling Costs [Policy Text Block]	Shipping and Handling Costs Costs incurred to deliver wholesale merchandise to customers are recorded in selling, general and administrative expense and totaled $17,829, $14,779, and $18,402 for fiscal 2021, 2020 2019, 2021, 2020 2019,
Advertising Cost [Policy Text Block]	Advertising Costs incurred for producing and distributing advertising and advertising materials are expensed when incurred and are included in selling, general and administrative expenses. Advertising costs totaled $15,272, $12,671, and $20,674 in fiscal 2021, 2020, 2019,
Liability Reserve Estimate, Policy [Policy Text Block]	Insurance Reserves We have self-funded insurance programs in place to cover workers’ compensation and health insurance. These insurance programs are subject to various stop-loss limitations. We accrue estimated losses using historical loss experience. Although we believe that the insurance reserves are adequate, the reserve estimates are based on historical experience, which may not
Supplemental Cash Flow Information [Policy Text Block]	Supplemental Cash Flow Information Refer to the supplemental lease disclosures in Note 14 2020. no 2021 2020. fourth 2019,
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Recently Adopted Pronouncements Effective as of the beginning of fiscal 2021, No. 2016 13, 326 2016 13” 2016 13 2016 13 no Effective as of the beginning of fiscal 2021, No. 2018 15 350 40 2018 15” 2018 15 2018 15 not 2018 15. 2018 15 not Recent Pronouncements Not In December 2019, No. 2019 12 740 2019 12 2019 12 2019 12 2022
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications Certain prior year amounts in the consolidated financial statements have been reclassified to conform to the current year presentation with no

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Tables)	12 Months Ended
	Nov. 27, 2021
Notes Tables
Schedule Of Aggregate Exposure From Receivables And Guarantees Related To Customers [Table Text Block]	2021 2020 Accounts receivable, net of allowances (Note 4) $ 28,168 $ 22,340 Contingent obligations under lease and loan guarantees, less amounts recognized (Note 14) 1,794 1,760 Other 86 376 Total credit risk exposure related to customers $ 30,048 $ 24,476

Note 4 - Accounts Receivable (T

Note 4 - Accounts Receivable (Tables)	12 Months Ended
	Nov. 27, 2021
Notes Tables
Schedule Of Accounts Receivable [Table Text Block]	November 27, 2021 November 28, 2020 Gross accounts receivable $ 28,964 $ 23,551 Allowance for credit losses (796 ) (1,211 ) Net accounts receivable $ 28,168 $ 22,340
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]	2021 2020 Balance, beginning of the year $ 1,211 $ 815 Additions (recoveries) charged to expense (156 ) 492 Reductions to allowance, net (259 ) (96 ) Balance, end of the year $ 796 $ 1,211

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	12 Months Ended
	Nov. 27, 2021
Notes Tables
Schedule of Inventory, Current [Table Text Block]	November 27, 2021 November 28, 2020 Wholesale finished goods $ 40,254 $ 25,001 Work in process 482 516 Raw materials and supplies 21,653 14,836 Retail merchandise 30,914 27,946 Total inventories on first-in, first-out method 93,303 68,299 LIFO adjustment (10,483 ) (8,891 ) Reserve for excess and obsolete inventory (4,816 ) (4,522 ) $ 78,004 $ 54,886
Activity In Reserves For Excess Quantities And Obsolete Inventory By Segment [Table Text Block]	Wholesale Segment Retail Segment Total Balance at November 30, 2019 $ 2,054 $ 308 $ 2,362 Additions charged to expense 3,745 1,177 4,922 Write-offs (2,378 ) (384 ) (2,762 ) Balance at November 28, 2020 3,421 1,101 4,522 Additions charged to expense 2,057 912 2,969 Write-offs (1,795 ) (880 ) (2,675 ) Balance at November 27, 2021 $ 3,683 $ 1,133 $ 4,816

Note 6 - Property and Equipme_2

Note 6 - Property and Equipment (Tables)	12 Months Ended
	Nov. 27, 2021
Notes Tables
Property, Plant and Equipment [Table Text Block]	November 27, 2021 November 28, 2020 Land $ 9,478 $ 9,478 Buildings and leasehold improvements 117,297 114,961 Machinery and equipment 130,534 118,112 Property and equipment at cost 257,309 242,551 Less accumulated depreciation (163,243 ) (151,634 ) Property and equipment, net $ 94,066 $ 90,917
Schedule of Property Plant and Equipment by Reporting Segment [Table Text Block]	November 27, 2021 November 28, 2020 Wholesale $ 30,020 $ 26,999 Retail - Company-owned stores 39,148 44,820 Logistical Services 24,898 19,098 Total property and equipment, net $ 94,066 $ 90,917
Schedule of Depreciation [Table Text Block]	2021 2020 2019 Cost of goods sold (wholesale segment) $ 1,797 $ 1,552 $ 1,402 Selling, general and adminstrative expenses: Wholesale segment 1,532 1,516 1,672 Retail segment 6,580 6,578 7,479 Logistical services segment 4,308 3,454 3,697 Total included in selling, general and adminstrative expenses 12,420 11,548 12,848 Total depreciation expense included in income from operations $ 14,217 $ 13,100 $ 14,250

Note 7 - Goodwill and Other I_2

Note 7 - Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Nov. 27, 2021
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	November 27, 2021 Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Intangibles subject to amortization: Customer relationships $ 3,550 $ (1,606 ) $ 1,944 Technology - customized applications 834 (814 ) 20 Total intangible assets subject to amortization $ 4,384 $ (2,420 ) 1,964 Intangibles not subject to amortization: Trade names 9,338 Goodwill 12,146 Total goodwill and other intangible assets $ 23,448 November 28, 2020 Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Intangibles subject to amortization: Customer relationships $ 3,550 $ (1,346 ) $ 2,204 Technology - customized applications 834 (695 ) 139 Total intangible assets subject to amortization $ 4,384 $ (2,041 ) 2,343 Intangibles not subject to amortization: Trade names 9,338 Goodwill 12,146 Total goodwill and other intangible assets $ 23,827
Schedule of Goodwill [Table Text Block]	Wholesale Retail Logistics Total Balance as of November 30, 2019 $ 9,188 $ - $ 4,929 $ 14,117 Goodwill impairment (1,971 ) - - (1,971 ) Balance as of November 28, 2020 7,217 - 4,929 12,146 No changes in fiscal 2021 - - - - Balance as of November 27, 2021 $ 7,217 $ - $ 4,929 $ 12,146
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Useful Life in Years Remaining Amortization Period in Years Customer relationships 14 8 Technology - customized applications 7 0
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal 2022 $ 279 Fiscal 2023 259 Fiscal 2024 259 Fiscal 2025 259 Fiscal 2026 259 Thereafter 649 Total $ 1,964

Note 9 - Post-employment Bene_2

Note 9 - Post-employment Benefit Obligations (Tables)	12 Months Ended
	Nov. 27, 2021
Notes Tables
Schedule of Changes in Projected Benefit Obligations [Table Text Block]	` 2021 2020 Change in Benefit Obligation: Projected benefit obligation at beginning of year $ 10,071 $ 10,090 Service cost 120 172 Interest cost 196 268 Actuarial (gains) and losses 762 345 Benefits paid (409 ) (804 ) Projected benefit obligation at end of year $ 10,740 $ 10,071 Accumulated Benefit Obligation $ 10,740 $ 10,034 Discount rate used to value the ending benefit obligations: 2.25 % 2.00 % Amounts recognized in the consolidated balance sheet: Current liabilities $ 913 $ 613 Noncurrent liabilities 9,827 9,458 Total amounts recognized $ 10,740 $ 10,071 Amounts recognized in accumulated other comprehensive income: Prior service cost $ 355 $ 480 Actuarial loss 2,093 1,394 Net amount recognized $ 2,448 $ 1,874 Total recognized in net periodic benefit cost and accumulated other comprehensive income: $ 1,078 $ 785
Schedule of Net Benefit Costs [Table Text Block]	2021 2020 2019 Components of Net Periodic Pension Cost: Service cost $ 121 $ 172 $ 190 Interest cost 196 268 441 Amortization of prior service cost 126 126 126 Amortization of other loss 59 8 183 Net periodic pension cost $ 502 $ 574 $ 940
Defined Benefit Plan, Assumptions [Table Text Block]	Assumptions used to determine net periodic pension cost: Discount rate 2.00 % 2.75 % 4.00 % Increase in future compensation levels 3.00 % 3.00 % 3.00 %
Schedule of Expected Benefit Payments [Table Text Block]	Estimated Future Benefit Payments (with mortality): Fiscal 2022 $ 913 Fiscal 2023 870 Fiscal 2024 825 Fiscal 2025 857 Fiscal 2026 809 Fiscal 2027 through 2031 3,692
Schedule of Defined Benefit Plan, Expected Amortization, Next Fiscal Year [Table Text Block]	Prior service cost $ 126 Other loss 51 Total expected to be amortized to net periodic pension cost in 2022 $ 177

Note 10 - Accumulated Other C_2

Note 10 - Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Nov. 27, 2021
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Balance at November 30, 2019 $ (1,236 ) Actuarial losses (345 ) Net pension amortization reclassified from accumulated other comprehensive loss 133 Tax effects 54 Balance at November 28, 2020 (1,394 ) Actuarial losses (762 ) Net pension amortization reclassified from accumulated other comprehensive loss 186 Tax effects 147 Balance at November 27, 2021 $ (1,823 )

Note 11 - Capital Stock and S_2

Note 11 - Capital Stock and Stock Compensation (Tables)	12 Months Ended
	Nov. 27, 2021
Notes Tables
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	2021 2020 2019 Stock based compensation expense $ 158 $ 420 $ 958
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Number of Shares Weighted Average Exercise Price Per Share Outstanding at November 28, 2020 5,250 $ 8.02 Granted - - Exercised (5,250 ) 8.02 Forfeited/Expired - - Outstanding at November 27, 2021 - - Exercisable at November 27, 2021 - -
Schedule of Share-based Compensation, Summary of Additional Stock Option Information [Table Text Block]	2021 2020 2019 Total intrinsic value of options exercised $ 93 $ - $ 34 Total cash received from the exercise of options 42 - 25 Excess tax benefits recognized in income tax expense upon the exercise of options 18 - 6
Schedule of Nonvested Share Activity [Table Text Block]	Number of Shares Weighted Average Grant Date Fair Value Per Share Non-vested restricted shares outstanding at November 28, 2020 34,500 $ 33.58 Granted 7,105 24.63 Vested (31,000 ) 35.75 Forfeited - - Non-vested restricted shares outstanding at November 27, 2021 10,605 $ 21.24
Share-based Compensation Arrangements by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block]	Remaining Restricted Share Value Restriction Grant Shares at Grant Date Period Date Outstanding Per Share (Years) October 9, 2019 3,500 $ 14.37 0.9 March 10, 2021 7,105 24.63 0.3 10,605

Note 12 - Income Taxes (Tables)

Note 12 - Income Taxes (Tables)	12 Months Ended
	Nov. 27, 2021
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2021 2020 2019 Current: Federal $ 4,437 $ (8,486 ) $ 2,150 State 178 155 892 Deferred: Federal 435 2,457 (2,191 ) State 1,148 (491 ) (663 ) Total $ 6,198 $ (6,365 ) $ 188
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2021 2020 2019 Statutory federal income tax rate 21.0 % 21.0 % 21.0 % CARES Act benefit - 21.1 - State income tax, net of federal benefit 4.2 1.7 (14.0 ) Impairment of non-deductible goodwill - (2.5 ) (23.2 ) Excess tax from stock-based compensation 0.4 (0.6 ) 0.3 Other - (2.8 ) 5.1 Effective income tax rate 25.6 % 37.9 % (10.8 )%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	November 27, 2021 November 28, 2020 Deferred income tax assets: Trade accounts receivable $ 199 $ 303 Inventories 3,121 3,086 Notes receivable 44 44 Post employment benefit obligations 3,562 3,260 State net operating loss carryforwards 153 1,321 Leases 5,055 5,850 Other 1,180 1,856 Gross deferred income tax assets 13,314 15,720 Valuation allowance - - Total deferred income tax assets 13,314 15,720 Deferred income tax liabilities: Property and equipment 7,013 8,746 Intangible assets 1,712 1,404 Prepaid expenses and other 1,400 983 Total deferred income tax liabilities 10,125 11,133 Net deferred income tax assets $ 3,189 $ 4,587

Note 14 - Leases and Lease Gu_2

Note 14 - Leases and Lease Guarantees (Tables)	12 Months Ended
	Nov. 27, 2021
Notes Tables
Lessee, Supplemental Balance Sheet Information [Table Text Block]	November 27, 2021 November 28, 2020 Operating leases: Right of use assets $ 114,148 $ 116,903 Lease liabilties, short-term 27,693 27,078 Lease liabilties, long-term 105,841 111,972 Finance leases: Right of use assets (1) $ 7,538 $ 2,623 Lease liabilties, short-term (2) 1,759 534 Lease liabilties, long-term (3) 5,801 1,862 November 27, 2021 November 28, 2020 Wholesale $ 9,842 $ 10,232 Retail 86,114 90,487 Logistical services 18,192 16,184 Total right of use assets $ 114,148 $ 116,903
Lease, Cost [Table Text Block]	2021 2020 Lease cost: Operating lease cost $ 32,168 $ 33,207 Financing lease cost: Amortization of right-of-use assets 1,434 213 Interest on lease liabilities 304 49 Short-term lease cost 1,986 2,040 Variable lease cost (net of abatements received) 321 (605 ) Sublease income (1,670 ) (1,557 ) Total lease cost $ 34,543 $ 33,347
Supplemental Lease Disclosures [Table Text Block]	Operating Financing For the year ended November 28, 2020: Cash paid for amounts included in the measurements of lease liabilities $ 35,310 $ 260 Lease liabilities arising from new right-of-use assets 10,804 2,623 For the year ended November 27, 2021: Cash paid for amounts included in the measurements of lease liabilities 35,432 1,668 Lease liabilities arising from new right-of-use assets 24,518 6,511 As of November 28, 2020: Weighted average remaining lease terms (years) 6.2 4.3 Weighted average discount rates 4.98 % 4.43 % As of November 27, 2021: Weighted average remaining lease terms (years) 6.0 4.8 Weighted average discount rates 5.04 % 4.72 %
Lessee, Operating and Finance Lease, Liability, Maturity [Table Text Block]	Operating Leases Financing Leases Fiscal 2022 $ 33,493 $ 2,076 Fiscal 2023 30,579 1,949 Fiscal 2024 23,219 1,669 Fiscal 2025 19,106 1,171 Fiscal 2026 15,482 818 Thereafter 33,947 766 Total lease payments 155,826 8,449 Less: interest 22,292 889 Total lease obligations $ 133,534 $ 7,560
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity [Table Text Block]	Fiscal 2022 $ 1,979 Fiscal 2023 1,662 Fiscal 2024 1,027 Fiscal 2025 599 Fiscal 2026 156 Thereafter - Total minimum future rental income $ 5,423

Note 16 - Earnings (Loss) Per_2

Note 16 - Earnings (Loss) Per Share (Tables)	12 Months Ended
	Nov. 27, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	2021 2020 2019 Numerator: Net income (loss) $ 18,042 $ (10,421 ) $ (1,928 ) Denominator: Denominator for basic income per share - weighted average shares 9,835,829 9,969,616 10,285,511 Effect of dilutive securities* 7,945 - - Denominator for diluted income per share — weighted average shares and assumed conversions 9,843,774 9,969,616 10,285,511 Basic income (loss) per share: Net income (loss) per share — basic $ 1.83 $ (1.05 ) $ (0.19 ) Diluted income (loss) per share: Net income (loss) per share — diluted $ 1.83 $ (1.05 ) $ (0.19 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	2021 2020 2019 Unvested restricted shares - 90,153 45,036 Stock options - 5,250 -

Note 17 - Segment Information (

Note 17 - Segment Information (Tables)	12 Months Ended
	Nov. 27, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	2021 2020 2019 Sales Revenue Wholesale sales of furniture and accessories $ 295,329 $ 221,075 $ 261,105 Less: Sales to retail segment (112,270 ) (95,347 ) (125,933 ) Wholesale sales to external customers 183,059 125,728 135,172 Retail sales of furniture and accessories 247,827 211,944 268,693 Consolidated net sales of furniture and accessories 430,886 337,672 403,865 Logistical services revenue 86,977 75,158 80,074 Less: Services to wholesale segment (31,329 ) (26,967 ) (31,852 ) Logistical services to external customers 55,648 48,191 48,222 Total sales revenue $ 486,534 $ 385,863 $ 452,087 Income (loss) from Operations Wholesale $ 17,490 $ 4,587 $ 11,456 Retail 7,044 (9,497 ) (7,009 ) Logistical services 1,743 1,245 1,855 Inter-company elimination (278 ) 2,647 1,144 Asset impairment charges - (12,184 ) (4,431 ) Goodwill impairment charge - (1,971 ) (1,926 ) Early retirement program - - (835 ) Litigation expense - (1,050 ) (700 ) Lease exit costs - - (149 ) Consolidated income from operations $ 25,999 $ (16,223 ) $ (595 ) Depreciation and Amortization Wholesale $ 3,386 $ 3,125 $ 3,178 Retail 6,580 6,578 6,303 Logistical services 4,631 3,777 4,019 Consolidated $ 14,597 $ 13,480 $ 13,500 Capital Expenditures Wholesale $ 5,943 $ 2,434 $ 5,650 Retail 299 695 8,473 Logistical services 4,508 2,900 3,627 Consolidated $ 10,750 $ 6,029 $ 17,750 Identifiable Assets Wholesale $ 197,543 $ 176,243 $ 144,392 Retail 160,929 169,105 91,997 Logistical services 63,188 57,201 39,377 Consolidated $ 421,660 $ 402,549 $ 275,766

Note 18 - Revenue Recognition (

Note 18 - Revenue Recognition (Tables)	12 Months Ended
	Nov. 27, 2021
Notes Tables
Disaggregation of Revenue [Table Text Block]	2021 2020 2019 Wholesale Retail Total Wholesale Retail Total Wholesale Retail Total Bassett Custom Upholstery $ 105,445 $ 139,527 $ 244,972 $ 71,840 $ 112,888 $ 184,728 $ 78,856 $ 142,865 $ 221,721 Bassett Leather 36,157 226 36,383 20,487 2,326 22,813 17,083 3,782 20,865 Bassett Custom Wood 24,079 30,931 55,010 19,682 28,942 48,624 21,264 35,092 56,356 Bassett Casegoods 17,378 42,658 60,036 13,719 35,728 49,447 17,221 44,827 62,048 Accessories, mattresses and other (1) (2) - 34,485 34,485 - 32,060 32,060 748 42,127 42,875 Consolidated Furniture and Accessories revenue $ 183,059 $ 247,827 $ 430,886 $ 125,728 $ 211,944 $ 337,672 $ 135,172 $ 268,693 $ 403,865

Note 19 - Quarterly Results o_2

Note 19 - Quarterly Results of Operations (Tables)	12 Months Ended
	Nov. 27, 2021
Notes Tables
Quarterly Financial Information [Table Text Block]	2021 First Quarter Second Quarter Third Quarter Fourth Quarter Sales revenue: Furniture and accessories $ 101,655 $ 109,997 $ 104,870 $ 114,364 Logistics 12,018 14,062 14,036 15,532 Total sales revenue 113,673 124,059 118,906 129,896 Cost of furniture and accessories sold 48,252 52,911 52,263 56,373 Income from operations 6,021 8,379 4,490 7,109 Net income 4,011 5,974 3,016 5,041 Basic earnings per share 0.40 0.60 0.31 0.52 Diluted earnings per share 0.40 0.60 0.31 0.52 2020 First Quarter Second Quarter (1) Third Quarter (2) Fourth Quarter (3) Sales revenue: Furniture and accessories $ 98,942 $ 53,000 $ 80,341 $ 105,389 Logistics 13,178 10,801 11,218 12,994 Total sales revenue 112,120 63,801 91,559 118,383 Cost of furniture and accessories sold 45,270 29,452 38,418 50,427 Income (loss) from operations 2,210 (31,229 ) 2,747 10,049 Net income (loss) 1,210 (20,352 ) 2,178 6,543 Basic earnings (loss) per share 0.12 (2.04 ) 0.22 0.65 Diluted earnings (loss) per share 0.12 (2.04 ) 0.22 0.65

Schedule II - Analysis of Val_2

Schedule II - Analysis of Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Nov. 27, 2021
Notes Tables
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Table Text Block]	Balance Beginning of Period Additions Charged to Cost and Expenses Deductions (1) Other Balance End of Period For the Year Ended November 30, 2019: Reserve deducted from assets to which it applies Allowance for doubtful accounts $ 754 $ 61 $ - $ - (2) $ 815 Notes receivable valuation reserves $ 377 $ - $ (18 ) $ - $ 359 For the Year Ended November 28, 2020: Reserve deducted from assets to which it applies Allowance for doubtful accounts $ 815 $ 492 $ (96 ) $ 1,211 Notes receivable valuation reserves $ 359 $ - $ - $ - $ 359 For the Year Ended November 27, 2021: Reserve deducted from assets to which it applies Allowance for doubtful accounts $ 1,211 $ (156 ) $ (259 ) $ - $ 796 Notes receivable valuation reserves $ 359 $ - $ - $ - $ 359

Note 1 - Description of Busin_2

Note 1 - Description of Business (Details Textual)	Nov. 27, 2021
Number of Stores	97
Percent Of Wholesale Products Sourced From Other Countries	24.00%
Number Of Domestic Manufacturing Facilities	5
Company-owned Retail Stores [Member]
Number of Stores	63
Licensee Operated Retail Stores [Member]
Number of Stores	34

Note 2 - Significant Accounti_3

Note 2 - Significant Accounting Policies (Details Textual) $ in Thousands	3 Months Ended		12 Months Ended
	May 30, 2020USD ($)	Nov. 30, 2019USD ($)shares	Nov. 27, 2021USD ($)	Nov. 28, 2020USD ($)	Nov. 30, 2019USD ($)	Dec. 01, 2019USD ($)
Contract with Customer, Liability, Total			$ 51,492	$ 39,762
Contract with Customer, Asset, after Allowance for Credit Loss, Total			$ 1,240	$ 783
Percent Of Aggregate Risk Exposure Net Of Reserves Attributable To Major Customers			22.00%	24.00%
Percentage of LIFO Inventory			53.00%	53.00%
Goodwill, Impairment Loss	$ 1,971		$ 0	$ 1,971	$ 1,926
Retained Earnings (Accumulated Deficit), Ending Balance			115,631	109,710
Pre-Opening Costs			0	0	1,117
Advertising Expense			15,272	12,671	20,674
Payments to Acquire Fixed Assets and Inventory		$ 2,225
Stock Issued During Period, Value, Purchase of Fixed Assets and Inventory		$ 375
Stock Issued During Period, Shares, Purchase of Fixed Assets and Inventory (in shares) | shares		24,590
Deliver Wholesale Merchandise to Customers [Member]
Selling, General and Administrative Expense, Delivery Costs		$ 18,402	17,829	14,779	18,402
Deliver Retail Merchandise to Customers [Member]
Selling, General and Administrative Expense, Delivery Costs		$ 23,710	22,494	19,024	23,710
Accounting Standards Update 2016-02 [Member]
Lease, Right-of-Use Asset, Net						$ 146,585
Lease, Liability, Net						151,672
Deferred Income Tax Liabilities, Net, Total						1,302
Retained Earnings (Accumulated Deficit), Ending Balance						$ 3,785
Non-US [Member]
Revenues, Total			$ 488	$ 789	$ 1,846
Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Number of Major Customers			0	0	0
Sales Commissions [Member] | Other Current Assets [Member]
Capitalized Contract Cost, Net, Total			$ 6,221	$ 4,279
Logistical Services [Member]
Invoice Payment Term (Day)			30 days
Goodwill, Impairment Loss				$ 0
Logistical Services [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Number of Major Customers			2	2	2
Concentration Risk, Percentage			23.00%	29.00%	44.00%
Minimum [Member]
Payment Terms For Wholesale Customers (Day)			30 days
Minimum [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)			10 years
Minimum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment, Useful Life (Year)			5 years
Minimum [Member] | Real Estate Lease [Member]
Lessee, Operating Lease, Term of Contract (Year)			1 year
Lessee, Operating Lease, Renewal Term (Year)			5 years
Maximum [Member]
Payment Terms For Wholesale Customers (Day)			60 days
Maximum [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)			39 years
Maximum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment, Useful Life (Year)			10 years
Maximum [Member] | Real Estate Lease [Member]
Lessee, Operating Lease, Term of Contract (Year)			15 years
Lessee, Operating Lease, Renewal Term (Year)			15 years

Note 2 - Significant Accounti_4

Note 2 - Significant Accounting Policies - Aggregate Exposure from Receivables and Guarantees Related to Customers (Details) - USD ($) $ in Thousands	Nov. 27, 2021	Nov. 28, 2020
Accounts receivable, net of allowances (Note 4)	$ 28,168	$ 22,340
Contingent obligations under lease and loan guarantees, less amounts recognized (Note 14)	1,794	1,760
Other	86	376
Total credit risk exposure related to customers	$ 30,048	$ 24,476

Note 3 - Financial Instrument_2

Note 3 - Financial Instruments, Investments and Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020
Short-term Investments, Total	$ 17,715	$ 17,715
Minimum [Member]
Certificates of Deposit, Average Term (Month)	6 months
Interest Rate of Certificates of Deposit	0.01%
Maximum [Member]
Certificates of Deposit, Average Term (Month)	12 months
Interest Rate of Certificates of Deposit	0.85%
Weighted Average [Member]
Certificates of Deposit, Average Term (Month)	3 months
Interest Rate of Certificates of Deposit	0.04%
Certificates of Deposit [Member]
Short-term Investments, Total	$ 17,715	$ 17,715

Note 4 - Accounts Receivable -

Note 4 - Accounts Receivable - Accounts Receivable (Details) - USD ($) $ in Thousands	Nov. 27, 2021	Nov. 28, 2020
Gross accounts receivable	$ 28,964	$ 23,551
Allowance for credit losses	(796)	(1,211)
Net accounts receivable	$ 28,168	$ 22,340

Note 4 - Accounts Receivable _2

Note 4 - Accounts Receivable - Activity in Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Balance	$ 1,211	$ 815
Additions (recoveries) charged to expense	(156)	492	$ 61
Reductions to allowance, net	(259)	(96)
Balance	$ 796	$ 1,211	$ 815

Note 5 - Inventories (Details T

Note 5 - Inventories (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Purchases From Major Vendors	$ 34,658	$ 15,378	$ 15,221

Note 5 - Inventories - Inventor

Note 5 - Inventories - Inventories (Details) - USD ($) $ in Thousands	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Wholesale finished goods	$ 40,254	$ 25,001
Work in process	482	516
Raw materials and supplies	21,653	14,836
Retail merchandise	30,914	27,946
Total inventories on first-in, first-out method	93,303	68,299
LIFO adjustment	(10,483)	(8,891)
Reserve for excess and obsolete inventory	(4,816)	(4,522)	$ (2,362)
Inventory, Net, Total	$ 78,004	$ 54,886

Note 5 - Inventories - Activity

Note 5 - Inventories - Activity in Reserves for Excess Quantities and Obsolete Inventory by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Balance	$ 4,522	$ 2,362
Additions charged to expense	2,969	4,922	$ 2,254
Write-offs	(2,675)	(2,762)
Balance	4,816	4,522	2,362
Operating Segments [Member] | Wholesale Segment [Member]
Balance	3,421	2,054
Additions charged to expense	2,057	3,745
Write-offs	(1,795)	(2,378)
Balance	3,683	3,421	2,054
Operating Segments [Member] | Retail Segment [Member]
Balance	1,101	308
Additions charged to expense	912	1,177
Write-offs	(880)	(384)
Balance	$ 1,133	$ 1,101	$ 308

Note 6 - Property and Equipme_3

Note 6 - Property and Equipment - Property and Equipment (Details) - USD ($) $ in Thousands	Nov. 27, 2021	Nov. 28, 2020
Land	$ 9,478	$ 9,478
Buildings and leasehold improvements	117,297	114,961
Machinery and equipment	130,534	118,112
Property and equipment at cost	257,309	242,551
Less accumulated depreciation	(163,243)	(151,634)
Property and equipment, net	$ 94,066	$ 90,917

Note 6 - Property and Equipme_4

Note 6 - Property and Equipment - Summary of Reportable Segment Property and Equipment (Details) - USD ($) $ in Thousands	Nov. 27, 2021	Nov. 28, 2020
Property and equipment, net	$ 94,066	$ 90,917
Wholesale Segment [Member]
Property and equipment, net	30,020	26,999
Retail Segment [Member]
Property and equipment, net	39,148	44,820
Logistical Services [Member]
Property and equipment, net	$ 24,898	$ 19,098

Note 6 - Property and Equipme_5

Note 6 - Property and Equipment - Depreciation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Depreciation expense	$ 14,217	$ 13,100	$ 14,250
Cost of Sales [Member]
Depreciation expense	1,797	1,552	1,402
Selling, General and Administrative Expenses [Member]
Depreciation expense	12,420	11,548	12,848
Selling, General and Administrative Expenses [Member] | Wholesale Segment [Member]
Depreciation expense	1,532	1,516	1,672
Selling, General and Administrative Expenses [Member] | Retail Segment [Member]
Depreciation expense	6,580	6,578	7,479
Selling, General and Administrative Expenses [Member] | Logistical Services [Member]
Depreciation expense	$ 4,308	$ 3,454	$ 3,697

Note 7 - Goodwill and Other I_3

Note 7 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	May 30, 2020	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Goodwill, Impairment Loss	$ 1,971	$ 0	$ 1,971	$ 1,926
Goodwill, Impaired, Accumulated Impairment Loss		3,897	3,897	1,926
Amortization of Intangible Assets, Total		379	379	379
Wholesale Segment [Member]
Goodwill, Impairment Loss			1,971
Amortization of Intangible Assets, Total		$ 57	$ 57	$ 57

Note 7 - Goodwill and Other I_4

Note 7 - Goodwill and Other Intangible Assets - Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	Nov. 27, 2021	Nov. 28, 2020
Intangibles subject to amortization, Gross Carrying Amount	$ 4,384	$ 4,384
Intangibles subject to amortization, Accumulated Amortization	(2,420)	(2,041)
Intangibles subject to amortization, Intangible Assets, Net	1,964	2,343
Trade names	9,338	9,338
Goodwill	12,146	12,146
Total goodwill and other intangible assets	23,448	23,827
Customer Relationships [Member]
Intangibles subject to amortization, Gross Carrying Amount	3,550	3,550
Intangibles subject to amortization, Accumulated Amortization	(1,606)	(1,346)
Intangibles subject to amortization, Intangible Assets, Net	1,944	2,204
Technology-Based Intangible Assets [Member]
Intangibles subject to amortization, Gross Carrying Amount	834	834
Intangibles subject to amortization, Accumulated Amortization	(814)	(695)
Intangibles subject to amortization, Intangible Assets, Net	$ 20	$ 139

Note 7 - Goodwill and Other I_5

Note 7 - Goodwill and Other Intangible Assets - Changes in Carrying Amount of Goodwill by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	May 30, 2020	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Balance		$ 12,146	$ 14,117
Goodwill impairment	$ (1,971)	0	(1,971)	$ (1,926)
Balance		12,146	12,146	14,117
Wholesale Segment [Member]
Balance		7,217	9,188
Goodwill impairment			(1,971)
Balance		7,217	7,217	9,188
Retail Segment [Member]
Balance		0	0
Goodwill impairment			0
Balance		0	0	0
Logistical Services [Member]
Balance		4,929	4,929
Goodwill impairment			0
Balance		$ 4,929	$ 4,929	$ 4,929

Note 7 - Goodwill and Other I_6

Note 7 - Goodwill and Other Intangible Assets - Useful Lives and Remaining Amortization Period of Goodwill and Other Intangible Assets (Details)	12 Months Ended
	Nov. 27, 2021
Customer Relationships [Member]
Useful life (Year)	14 years
Remaining Amortization Period (Year)	8 years
Technology-Based Intangible Assets [Member]
Useful life (Year)	7 years
Remaining Amortization Period (Year)	0 years

Note 7 - Goodwill and Other I_7

Note 7 - Goodwill and Other Intangible Assets - Estimated Future Amortization Expense for Intangible Assets (Details) - USD ($) $ in Thousands	Nov. 27, 2021	Nov. 28, 2020
Fiscal 2022	$ 279
Fiscal 2023	259
Fiscal 2024	259
Fiscal 2025	259
Fiscal 2026	259
Thereafter	649
Total	$ 1,964	$ 2,343

Note 8 - Bank Credit Facility (

Note 8 - Bank Credit Facility (Details Textual) - USD ($) $ in Thousands	Jan. 27, 2022	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019	Feb. 28, 2022
Interest Paid, Including Capitalized Interest, Operating and Investing Activities, Total		$ 322	$ 49	$ 7
Bank One [Member]
Line of Credit Facility, Maximum Borrowing Capacity		25,000
Letters of Credit Outstanding, Amount		3,931
Line of Credit Facility, Remaining Borrowing Capacity		$ 21,069
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.25%
Bank One [Member] | Forecast [Member]
Debt Instrument, Covenant, Tangible Net Worth					$ 120,000
Bank One [Member] | Subsequent Event [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 25,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%
Debt Instrument, Covenant, Fixed Charge Coverage Ratio	1.4
Debt Instrument, Covenant, Lease-adjusted Leverage Ratio	3
Debt Instrument, Covenant, Tangible Net Worth	$ 140,000
Bank One [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		1.90%
Bank One [Member] | One-Month Term Secured Overnight Financing Rate [Member] | Subsequent Event [Member]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Bank Two [Member]
Letters of Credit Outstanding, Amount		$ 325

Note 9 - Post-employment Bene_3

Note 9 - Post-employment Benefit Obligations (Details Textual) $ in Thousands	May 02, 2017USD ($)	May 01, 2017	Nov. 27, 2021USD ($)	Nov. 28, 2020USD ($)	Nov. 30, 2019USD ($)
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax, Total			$ 2,448	$ 1,874
Postemployment Benefits Liability, Noncurrent			$ 12,968	12,089
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay			25.00%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent			8.00%
Defined Contribution Plan, Cost			$ 1,103	611	$ 1,157
Unfunded Deferred Compensation Plan [Member]
Pension Cost (Reversal of Cost)			204	176	204
Postemployment Benefits Liability, Noncurrent			1,648	1,676
Management Savings Plan [member]
Defined Benefit Plan, Fixed Future Benefit Award	$ 2,000
Defined Benefit Plan, Fixed Future Benefit Award, Individual Participants	$ 400
Defined Benefit Plan, Benefit Obligation, Number of Annual Installments	10
Payment to Acquire Life Insurance Policy, Operating Activities			647	609	627
Current Net Death Benefit			14,998
Supplemental Employee Retirement Plan [Member]
Deferred Compensation Arrangement with Individual, Deferred Compensation, Maximum Percentage of Base Salary		75.00%
Deferred Compensation Arrangement with Individual, Deferred Compensation, Maximum Percentage of Discretionary, Annual Incentive or Other Bonus		100.00%
Deferred Compensation Arrangement with Individual, Deferred Compensation, Annual installment Payments, Maximum Number of Years (Year)		15 years
Deferred Compensation Arrangement with Individual, Deferred Compensation, Scheduled Distributions, Maximum Number of Years (Year)		5 years
Deferred Compensation Arrangement with Individual, Compensation Expense			338	264	$ 196
Current Net Death Benefit			$ 2,054
Percent Of Final Average Compensation Provided By Supplemental Retirement Income Plan			65.00%
Death Benefit Percent Of Final Average Annual Compensation For Period of 120 Months			50.00%
Death Benefit Payment Term (Month)			120 months
Death Benefit Percent Of Final Average Annual Compensation Single Payment			200.00%
Supplemental Employee Retirement Plan [Member] | Non-current Portion of Post Employment Benefits Liability [Member]
Deferred Compensation Arrangement with Individual, Recorded Liability			$ 1,789	$ 1,250

Note 9 - Post-employment Bene_4

Note 9 - Post-employment Benefit Obligations - Plan Summary (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Projected benefit obligation	$ 10,071	$ 10,090
Service cost	121	172	$ 190
Interest cost	196	268	441
Actuarial (gains) and losses	762	345
Benefits paid	(409)	(804)
Projected benefit obligation	10,740	10,071	$ 10,090
Accumulated Benefit Obligation	$ 10,740	$ 10,034
Discount rate used to value the ending benefit obligations:	2.25%	2.00%
Current liabilities	$ 913	$ 613
Noncurrent liabilities	9,827	9,458
Total amounts recognized	10,740	10,071
Prior service cost	355	480
Actuarial loss	2,093	1,394
Net amount recognized	2,448	1,874
other comprehensive income:	$ 1,078	$ 785

Note 9 - Post-employment Bene_5

Note 9 - Post-employment Benefit Obligations - Components of Net Periodic Pension Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Service cost	$ 121	$ 172	$ 190
Interest cost	196	268	441
Amortization of prior service cost	126	126	126
Amortization of other loss	59	8	183
Net periodic pension cost	$ 502	$ 574	$ 940

Note 9 - Post-employment Bene_6

Note 9 - Post-employment Benefit Obligations - Assumptions Used in Calculating Net Periodic Pension Cost (Details) - Pension Plan [Member]	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Discount rate	2.00%	2.75%	4.00%
Increase in future compensation levels	3.00%	3.00%	3.00%

Note 9 - Post-employment Bene_7

Note 9 - Post-employment Benefit Obligations - Estimated Future Benefit Payments (Details) $ in Thousands	Nov. 27, 2021USD ($)
Fiscal 2022	$ 913
Fiscal 2023	870
Fiscal 2024	825
Fiscal 2025	857
Fiscal 2026	809
Fiscal 2027 through 2031	$ 3,692

Note 9 - Post-employment Bene_8

Note 9 - Post-employment Benefit Obligations - Amounts Expected to be Recognized in Next Fiscal Year (Details) $ in Thousands	Nov. 27, 2021USD ($)
Prior service cost	$ 126
Other loss	51
Total expected to be amortized to net periodic pension cost in 2022	$ 177

Note 10 - Accumulated Other C_3

Note 10 - Accumulated Other Comprehensive Loss - Activity in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020
Balance	$ 158,030	$ 178,670
Actuarial losses	(762)
Net pension amortization reclassified from accumulated other comprehensive loss	186	133
Balance	162,732	158,030
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	(1,394)	(1,236)
Actuarial losses		(345)
Tax effects	147	54
Balance	$ (1,823)	$ (1,394)

Note 11 - Capital Stock and S_3

Note 11 - Capital Stock and Stock Compensation (Details Textual) - USD ($) $ in Thousands	Mar. 01, 2017	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019	Mar. 10, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)		0	0	0
Payment, Tax Withholding, Share-based Payment Arrangement		$ 219	$ 228	$ 0
Effective Income Tax Rate Reconciliation, Share-based Compensation, Excess Tax Benefit, Amount		(115)	$ (114)	$ 22
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total		$ 58
Stock Issued During Period, Shares, Employee Stock Purchase Plans (in shares)		22,547	50,217	23,460
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)		31,000
Effective Income Tax Rate Reconciliation, Share-based Compensation, Excess Tax Benefit, Amount		$ (133)	$ (114)	$ 0
Restricted Stock [Member] | Employees [Member]
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)			14,010
Payment, Tax Withholding, Share-based Payment Arrangement			$ 228
Plan 2021 [Member]
Common Stock, Capital Shares Reserved for Future Issuance (in shares)					500,000
Plan 2010 [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)		31,000
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)		10,850
Payment, Tax Withholding, Share-based Payment Arrangement		$ 219
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent	85.00%
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)		132,534

Note 11 - Capital Stock and S_4

Note 11 - Capital Stock and Stock Compensation - Compensation Expense Related to Restricted Stock and Stock Options Included in Selling, General and Administrative Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Selling, General and Administrative Expenses [Member]
Stock based compensation expense	$ 158	$ 420	$ 958

Note 11 - Capital Stock and S_5

Note 11 - Capital Stock and Stock Compensation - Changes in Outstanding Options (Details)	12 Months Ended
	Nov. 27, 2021$ / sharesshares
Outstanding, Shares (in shares) | shares	5,250
Outstanding, weighted average exercise price per share (in dollars per share) | $ / shares	$ 8.02
Exercised, Shares (in shares) | shares	(5,250)
Exercised, weighted average exercise price per share (in dollars per share) | $ / shares	$ 8.02
Forfeited/Expired, Shares (in shares) | shares	0
Forfeited/Expired, weighted average exercise price per share (in dollars per share) | $ / shares	$ 0
Outstanding, Shares (in shares) | shares	0
Outstanding, weighted average exercise price per share (in dollars per share) | $ / shares	$ 0
Exercisable, Shares (in shares) | shares	0
Exercisable, weighted average exercise price per share (in dollars per share) | $ / shares	$ 0

Note 11 - Capital Stock and S_6

Note 11 - Capital Stock and Stock Compensation - Additional Information Regarding Activity in Stock Options (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Total intrinsic value of options exercised	$ 93	$ 0	$ 34
Total cash received from the exercise of options	42	0	25
Excess tax benefits recognized in income tax expense upon the exercise of options	(115)	(114)	22
Share-based Payment Arrangement, Option [Member]
Excess tax benefits recognized in income tax expense upon the exercise of options	$ 18	$ 0	$ 6

Note 11 - Capital Stock and S_7

Note 11 - Capital Stock and Stock Compensation - Changes in Non-vested Options (Details) - Restricted Stock [Member]	12 Months Ended
	Nov. 27, 2021$ / sharesshares
Non-vested restricted shares, outstanding, balance (in shares) | shares	34,500
Non-vested restricted shares, outstanding, balance (in dollars per share) | $ / shares	$ 33.58
Granted (in shares) | shares	7,105
Granted (in dollars per share) | $ / shares	$ 24.63
Vested (in shares) | shares	(31,000)
Vested (in dollars per share) | $ / shares	$ 35.75
Forfeited (in shares) | shares	0
Forfeited (in dollars per share) | $ / shares	$ 0
Non-vested restricted shares, outstanding, balance (in shares) | shares	10,605
Non-vested restricted shares, outstanding, balance (in dollars per share) | $ / shares	$ 21.24

Note 11 - Capital Stock and S_8

Note 11 - Capital Stock and Stock Compensation - Restricted Stock Awards (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020
Restricted Shares Outstanding (in shares)	10,605	34,500
Granted (in dollars per share)	$ 24.63
October 9, 2019 [Member]
Restricted Shares Outstanding (in shares)	3,500
Granted (in dollars per share)	$ 14.37
Remaining Restriction Period (Year)	10 months 24 days
March 10, 2021 [Member]
Restricted Shares Outstanding (in shares)	7,105
Granted (in dollars per share)	$ 24.63
Remaining Restriction Period (Year)	3 months 18 days

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Effective Income Tax Rate Reconciliation, Share-based Compensation, Excess Tax Benefit, Amount	$ (115)	$ (114)	$ 22
Income Taxes Paid, Net, Total	3,092	539	$ 1,228
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	$ 324	$ 68
Open Tax Year	2018 2019 2021 2021
State and Local Jurisdiction [Member]
Operating Loss Carryforwards, Total	$ 3,010
State and Local Jurisdiction [Member] | Earliest Tax Year [Member]
Operating Loss Carryforwards, Expiration Year	2030
State and Local Jurisdiction [Member] | Latest Tax Year [Member]
Operating Loss Carryforwards, Expiration Year	2040

Note 12 - Income Taxes - Compon

Note 12 - Income Taxes - Components of Income Tax Provision (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Federal	$ 4,437	$ (8,486)	$ 2,150
State	178	155	892
Federal	435	2,457	(2,191)
State	1,148	(491)	(663)
Total	$ 6,198	$ (6,365)	$ 188

Note 12 - Income Taxes - Reconc

Note 12 - Income Taxes - Reconciliation of Statutory Federal Income Tax Rate and Effective Income Tax Rate (Details)	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Statutory federal income tax rate	21.00%	21.00%	21.00%
CARES Act benefit	0.00%	21.10%	0.00%
State income tax, net of federal benefit	4.20%	1.70%	(14.00%)
Impairment of non-deductible goodwill	0.00%	(2.50%)	(23.20%)
Excess tax from stock-based compensation	0.40%	(0.60%)	0.30%
Other	0.00%	(2.80%)	5.10%
Effective income tax rate	25.60%	37.90%	(10.80%)

Note 12 - Income Taxes - Income

Note 12 - Income Taxes - Income Tax Effects of Temporary Differences and Carryforwards (Details) - USD ($) $ in Thousands	Nov. 27, 2021	Nov. 28, 2020
Trade accounts receivable	$ 199	$ 303
Inventories	3,121	3,086
Notes receivable	44	44
Post employment benefit obligations	3,562	3,260
State net operating loss carryforwards	153	1,321
Leases	5,055	5,850
Other	1,180	1,856
Gross deferred income tax assets	13,314	15,720
Valuation allowance	0	0
Total deferred income tax assets	13,314	15,720
Property and equipment	7,013	8,746
Intangible assets	1,712	1,404
Prepaid expenses and other	1,400	983
Total deferred income tax liabilities	10,125	11,133
Net deferred income tax assets	$ 3,189	$ 4,587

Note 13 - Other Gains and Los_2

Note 13 - Other Gains and Losses (Details Textual) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Aug. 29, 2020	May 30, 2020	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Gain (Loss) on Disposition of Property Plant Equipment, Total			$ 367	$ 81	$ (515)
Early Retirement Program, Benefits Payment Period (Year)					1 year
Early Retirement Program Expense			0	0	$ 835
Asset Impairment Charges, Total		$ 12,184
Gain (Loss) on Contract Termination			0	0	(149)
Legal Fees		$ 1,050	$ 0	1,050	700
Gain (Loss) from Company Owned Life Insurance	$ 914			914	629
Underperforming Retail Stores [Member]
Operating Lease, Impairment Loss				6,239
Underperforming Retail Stores [Member]
Asset Impairment Charges, Total				11,114
Closed Custom Upholstery Manufacturing Facility in Grand Prairie, Texas [Member]
Asset Impairment Charges, Total				1,070
Leasehold Improvements [Member]
Asset Impairment Charges, Total					4,431
Gain (Loss) on Contract Termination					$ (149)
Land and Building occupied by Spring, Texas Retail Store [Member]
Gain (Loss) on Disposition of Property Plant Equipment, Total				$ 1,313

Note 14 - Leases and Lease Gu_3

Note 14 - Leases and Lease Guarantees (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Past Due Rents Subject to Negotiation with Lessors		$ 990
Rent Abatement		775
Operating Leases, Rent Expense, Total			$ 41,809
Real Estate Rental Income (Loss), Net of Expense		156
Loss Contingency, Estimate of Possible Loss	$ 1,794	1,760
Lease Obligations of Licensee Operators [Member]
Loss Contingency, Estimate of Possible Loss	1,845	$ 1,811
Acquire Five Tractors Under Leases [Member]
Lessee, Operating Lease, Lease Not yet Commenced, Annual Payments	$ 267
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract (Year)	3 years
Acquire Eighteen Tractors Under Leases [Member]
Lessee, Operating Lease, Lease Not yet Commenced, Annual Payments	$ 167
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract (Year)	5 years
Showroom Space Lease [Member]
Lessee, Operating Lease, Lease Not yet Commenced, Annual Payments	$ 229
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract (Year)	8 years

Note 14 - Leases and Lease Gu_4

Note 14 - Leases and Lease Guarantees - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands		Nov. 27, 2021	Nov. 28, 2020
Right of use assets		$ 114,148	$ 116,903
Lease liabilties, short-term		27,693	27,078
Lease liabilties, long-term		105,841	111,972
Property & Equipment, Net [Member]
Right of use assets (1)	[1]	7,538	2,623
Other Current Liabilities and Accrued Expenses [Member]
Lease liabilties, short-term (2)	[2]	1,759	534
Other Long-term Liabilities and Accrued Expenses [Member]
Lease liabilties, long-term (3)	[3]	5,801	1,862
Wholesale Segment [Member]
Right of use assets		9,842	10,232
Retail Segment [Member]
Right of use assets		86,114	90,487
Logistical Services [Member]
Right of use assets		$ 18,192	$ 16,184
[1]	Included in property & equipment, net in our consolidated balance sheet.
[2]	Included in other current liabilites and accrued expenses in our consolidated balance sheet.
[3]	Included in other long-term liabilites and accrued expenses in our consolidated balance sheet.

Note 14 - Leases and Lease Gu_5

Note 14 - Leases and Lease Guarantees - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020
Operating lease cost	$ 32,168	$ 33,207
Amortization of right-of-use assets	1,434	213
Interest on lease liabilities	304	49
Short-term lease cost	1,986	2,040
Variable lease cost (net of abatements received)	321	(605)
Sublease income	(1,670)	(1,557)
Total lease cost	$ 34,543	$ 33,347

Note 14 - Leases and Lease Gu_6

Note 14 - Leases and Lease Guarantees - Supplemental Lease Disclosures (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020
Cash paid for amounts included in the measurements of lease liabilities, operating	$ 35,432	$ 35,310
Cash paid for amounts included in the measurements of lease liabilities, financing	1,668	260
Lease liabilities arising from new right-of-use assets, operating	24,518	10,804
Lease liabilities arising from new right-of-use assets, financing	$ 6,511	$ 2,623
Weighted average remaining lease terms (years), operating (Year)	6 years	6 years 2 months 12 days
Weighted average remaining lease terms (years), financing (Year)	4 years 9 months 18 days	4 years 3 months 18 days
Weighted average discount rates, operating	5.04%	4.98%
Weighted average discount rates, financing	4.72%	4.43%

Note 14 - Leases and Lease Gu_7

Note 14 - Leases and Lease Guarantees - Lease Maturities (Details) $ in Thousands	Nov. 27, 2021USD ($)
Fiscal 2022, operating lease	$ 33,493
Fiscal 2022, finance lease	2,076
Fiscal 2023, operating lease	30,579
Fiscal 2023, finance lease	1,949
Fiscal 2024, operating lease	23,219
Fiscal 2024, finance lease	1,669
Fiscal 2025, operating lease	19,106
Fiscal 2025, finance lease	1,171
Fiscal 2026, operating lease	15,482
Fiscal 2026, finance lease	818
Thereafter, operating lease	33,947
Thereafter, finance lease	766
Total lease payments, operating lease	155,826
Total lease payments, finance lease	8,449
Less: interest, operating lease	22,292
Less: interest, finance lease	889
Total operating lease obligations	133,534
Other Liabilities and Accrued Expenses [Member]
Total finance lease obligations	$ 7,560

Note 14 - Leases and Lease Gu_8

Note 14 - Leases and Lease Guarantees - Minimum Future Rental Income (Details) $ in Thousands	Nov. 27, 2021USD ($)
Fiscal 2022	$ 1,979
Fiscal 2023	1,662
Fiscal 2024	1,027
Fiscal 2025	599
Fiscal 2026	156
Thereafter	0
Total minimum future rental income	$ 5,423

Note 15 - Contingencies (Detail

Note 15 - Contingencies (Details Textual) - USD ($) $ in Thousands	Nov. 27, 2021	Nov. 28, 2020
Loss Contingency Accrual, Ending Balance	$ 100	$ 1,050

Note 16 - Earnings (Loss) Per_3

Note 16 - Earnings (Loss) Per Share - Reconciliation of Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended											12 Months Ended
		Nov. 27, 2021	Aug. 28, 2021	May 29, 2021	Feb. 27, 2021	Nov. 28, 2020	[1]	Aug. 29, 2020	[2]	May 30, 2020	[3]	Feb. 29, 2020	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Net income (loss)		$ 5,041	$ 3,016	$ 5,974	$ 4,011	$ 6,543		$ 2,178		$ (20,352)		$ 1,210	$ 18,042	$ (10,421)	$ (1,928)
Denominator for basic income per share - weighted average shares (in shares)													9,835,829	9,969,616	10,285,511
Effect of dilutive securities* (in shares)	[4]												7,945	0	0
Denominator for diluted income per share — weighted average shares and assumed conversions (in shares)													9,843,774	9,969,616	10,285,511
Basic income (loss) per share (in dollars per share)		$ 0.52	$ 0.31	$ 0.60	$ 0.40	$ 0.65		$ 0.22		$ (2.04)		$ 0.12	$ 1.83	$ (1.05)	$ (0.19)
Diluted income (loss) per share (in dollars per share)		$ 0.52	$ 0.31	$ 0.60	$ 0.40	$ 0.65		$ 0.22		$ (2.04)		$ 0.12	$ 1.83	$ (1.05)	$ (0.19)
[1]	Income from operations includes a gain of $1,161 arising from the settlement of a lease obligation (see Note 13).
[2]	Net income includes a non-taxable gain of $914 arising from the recognition of a death benefit from Company-owned life insurance (see Note 13).
[3]	Loss from operations reflects the severe impact of the COVID-19 pandemic on our operations due to the temporary closure of substantially all of our operations during the quarter (see Note 1) and includes a goodwill impairment charge of $1,971 (see Note 7), asset impairment charges of $12,184 and a litigation expense accrual of $1,050 (see Note 13). Net loss includes the benefit of carrying back the loss to tax years with 35% federal statutory rate as provided for in the CARES Act (see Note 12).
[4]	Due to the net losses in 2020 and 2019, the potentially dilutive securities would have been anti-dilutive and are therefore excluded.

Note 16 - Earnings (Loss) Per_4

Note 16 - Earnings (Loss) Per Share - Antidilutive Securities (Details) - shares	12 Months Ended
	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Restricted Stock [Member]
Antidilutive securities (in shares)	0	90,153	45,036
Share-based Payment Arrangement, Option [Member]
Antidilutive securities (in shares)	0	5,250	0

Note 17 - Segment Information_2

Note 17 - Segment Information (Details Textual)	12 Months Ended
	Nov. 27, 2021
Number of Reportable Segments	3

Note 17 - Segment Information -

Note 17 - Segment Information - Segment Information by Segment (Details) - USD ($) $ in Thousands	3 Months Ended											12 Months Ended
	Nov. 27, 2021	Aug. 28, 2021	May 29, 2021	Feb. 27, 2021	Nov. 28, 2020		Aug. 29, 2020	[2]	May 30, 2020		Feb. 29, 2020	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Sales revenues	$ 129,896	$ 118,906	$ 124,059	$ 113,673	$ 118,383	[1]	$ 91,559		$ 63,801	[3]	$ 112,120	$ 486,534	$ 385,863	$ 452,087
Income (loss) from Operations	7,109	$ 4,490	$ 8,379	$ 6,021	10,049	[1]	$ 2,747		(31,229)	[3]	$ 2,210	25,999	(16,223)	(595)
Asset impairment charges												0	(12,184)	(4,431)
Goodwill impairment charge									(1,971)			0	(1,971)	(1,926)
Early retirement program												0	0	(835)
Litigation expense									$ (1,050)			0	(1,050)	(700)
Lease exit costs												0	0	(149)
Depreciation and amortization												14,597	13,480	13,500
Capital expenditures												10,750	6,029	17,750
Identifiable Assets	421,660				402,549							421,660	402,549	275,766
Wholesale Segment [Member]
Sales revenues												183,059	125,728	135,172
Goodwill impairment charge													(1,971)
Retail Segment [Member]
Goodwill impairment charge													0
Furniture and Accessories [Member]
Sales revenues												430,886	337,672	403,865
Logistical Services [Member]
Sales revenues												55,648	48,191	48,222
Goodwill impairment charge													0
Operating Segments [Member] | Wholesale Segment [Member]
Sales revenues												295,329	221,075	261,105
Income (loss) from Operations												17,490	4,587	11,456
Depreciation and amortization												3,386	3,125	3,178
Capital expenditures												5,943	2,434	5,650
Identifiable Assets	197,543				176,243							197,543	176,243	144,392
Operating Segments [Member] | Retail Segment [Member]
Sales revenues												247,827	211,944	268,693
Operating Segments [Member] | Logistical Services [Member]
Sales revenues												86,977	75,158	80,074
Income (loss) from Operations												1,743	1,245	1,855
Depreciation and amortization												4,631	3,777	4,019
Capital expenditures												4,508	2,900	3,627
Identifiable Assets	63,188				57,201							63,188	57,201	39,377
Operating Segments [Member] | Retail Segments [Member]
Income (loss) from Operations												7,044	(9,497)	(7,009)
Depreciation and amortization												6,580	6,578	6,303
Capital expenditures												299	695	8,473
Identifiable Assets	$ 160,929				$ 169,105							160,929	169,105	91,997
Intersegment Eliminations [Member]
Income (loss) from Operations												(278)	2,647	1,144
Intersegment Eliminations [Member] | Wholesale Segment [Member]
Sales revenues												(112,270)	(95,347)	(125,933)
Intersegment Eliminations [Member] | Logistical Services [Member]
Sales revenues												$ (31,329)	$ (26,967)	$ (31,852)
[1]	Income from operations includes a gain of $1,161 arising from the settlement of a lease obligation (see Note 13).
[2]	Net income includes a non-taxable gain of $914 arising from the recognition of a death benefit from Company-owned life insurance (see Note 13).
[3]	Loss from operations reflects the severe impact of the COVID-19 pandemic on our operations due to the temporary closure of substantially all of our operations during the quarter (see Note 1) and includes a goodwill impairment charge of $1,971 (see Note 7), asset impairment charges of $12,184 and a litigation expense accrual of $1,050 (see Note 13). Net loss includes the benefit of carrying back the loss to tax years with 35% federal statutory rate as provided for in the CARES Act (see Note 12).

Note 18 - Revenue Recognition -

Note 18 - Revenue Recognition - Disaggregated Revenue (Details) - USD ($) $ in Thousands		3 Months Ended											12 Months Ended
		Nov. 27, 2021	Aug. 28, 2021	May 29, 2021	Feb. 27, 2021	Nov. 28, 2020	[1]	Aug. 29, 2020	[2]	May 30, 2020	[3]	Feb. 29, 2020	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Sales revenues		$ 129,896	$ 118,906	$ 124,059	$ 113,673	$ 118,383		$ 91,559		$ 63,801		$ 112,120	$ 486,534	$ 385,863	$ 452,087
Bassett Custom Upholstery [Member]
Sales revenues													244,972	184,728	221,721
Bassett Leather [Member]
Sales revenues													36,383	22,813	20,865
Bassett Custom Wood [Member]
Sales revenues													55,010	48,624	56,356
Bassett Casegoods [Member]
Sales revenues													60,036	49,447	62,048
Accessories, Mattresses and Other [Member]
Sales revenues	[4],[5]												34,485	32,060	42,875
Furniture and Accessories [Member]
Sales revenues		$ 114,364	$ 104,870	$ 109,997	$ 101,655	$ 105,389		$ 80,341		$ 53,000		$ 98,942	430,886	337,672	403,865
Wholesale Segment [Member]
Sales revenues													183,059	125,728	135,172
Wholesale Segment [Member] | Bassett Custom Upholstery [Member]
Sales revenues													105,445	71,840	78,856
Wholesale Segment [Member] | Bassett Leather [Member]
Sales revenues													36,157	20,487	17,083
Wholesale Segment [Member] | Bassett Custom Wood [Member]
Sales revenues													24,079	19,682	21,264
Wholesale Segment [Member] | Bassett Casegoods [Member]
Sales revenues													17,378	13,719	17,221
Wholesale Segment [Member] | Accessories, Mattresses and Other [Member]
Sales revenues	[4],[5]												0	0	748
Wholesale Segment [Member] | Furniture and Accessories [Member]
Sales revenues													183,059	125,728	135,172
Retail Segment [Member] | Bassett Custom Upholstery [Member]
Sales revenues													139,527	112,888	142,865
Retail Segment [Member] | Bassett Leather [Member]
Sales revenues													226	2,326	3,782
Retail Segment [Member] | Bassett Custom Wood [Member]
Sales revenues													30,931	28,942	35,092
Retail Segment [Member] | Bassett Casegoods [Member]
Sales revenues													42,658	35,728	44,827
Retail Segment [Member] | Accessories, Mattresses and Other [Member]
Sales revenues	[4],[5]												34,485	32,060	42,127
Retail Segment [Member] | Furniture and Accessories [Member]
Sales revenues													$ 247,827	$ 211,944	$ 268,693
[1]	Income from operations includes a gain of $1,161 arising from the settlement of a lease obligation (see Note 13).
[2]	Net income includes a non-taxable gain of $914 arising from the recognition of a death benefit from Company-owned life insurance (see Note 13).
[3]	Loss from operations reflects the severe impact of the COVID-19 pandemic on our operations due to the temporary closure of substantially all of our operations during the quarter (see Note 1) and includes a goodwill impairment charge of $1,971 (see Note 7), asset impairment charges of $12,184 and a litigation expense accrual of $1,050 (see Note 13). Net loss includes the benefit of carrying back the loss to tax years with 35% federal statutory rate as provided for in the CARES Act (see Note 12).
[4]	Beginning with the third quarter of fiscal 2019, our wholesale segment no longer purchases accessory items for resale to third party customers such as licensees or independent furniture dealers. These customers now source their accessory items from the accessory vendors.
[5]	Includes the sale of goods other than Bassett-branded products, such as accessories and bedding, and also includes the sale of furniture protection plans.

Note 19 - Quarterly Results o_3

Note 19 - Quarterly Results of Operations (Details Textual) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Nov. 28, 2020	Aug. 29, 2020	May 30, 2020	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Goodwill, Impairment Loss			$ 1,971	$ 0	$ 1,971	$ 1,926
Asset Impairment Charges, Total			12,184
Legal Fees			$ 1,050	0	1,050	700
Gain (Loss) from Company Owned Life Insurance		$ 914			914	629
Gain (Loss) on Termination of Lease	$ 1,161			$ 37	$ 1,313	$ 0

Note 19 - Quarterly Results o_4

Note 19 - Quarterly Results of Operations - Quarterly Results of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended											12 Months Ended
	Nov. 27, 2021	Aug. 28, 2021	May 29, 2021	Feb. 27, 2021	Nov. 28, 2020	[1]	Aug. 29, 2020	[2]	May 30, 2020	[3]	Feb. 29, 2020	Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
Sales revenues	$ 129,896	$ 118,906	$ 124,059	$ 113,673	$ 118,383		$ 91,559		$ 63,801		$ 112,120	$ 486,534	$ 385,863	$ 452,087
Income from operations	7,109	4,490	8,379	6,021	10,049		2,747		(31,229)		2,210	25,999	(16,223)	(595)
Net income (loss)	$ 5,041	$ 3,016	$ 5,974	$ 4,011	$ 6,543		$ 2,178		$ (20,352)		$ 1,210	$ 18,042	$ (10,421)	$ (1,928)
Basic earnings per share (in dollars per share)	$ 0.52	$ 0.31	$ 0.60	$ 0.40	$ 0.65		$ 0.22		$ (2.04)		$ 0.12	$ 1.83	$ (1.05)	$ (0.19)
Diluted earnings per share (in dollars per share)	$ 0.52	$ 0.31	$ 0.60	$ 0.40	$ 0.65		$ 0.22		$ (2.04)		$ 0.12	$ 1.83	$ (1.05)	$ (0.19)
Furniture and Accessories [Member]
Sales revenues	$ 114,364	$ 104,870	$ 109,997	$ 101,655	$ 105,389		$ 80,341		$ 53,000		$ 98,942	$ 430,886	$ 337,672	$ 403,865
Cost of goods and service sold	56,373	52,263	52,911	48,252	50,427		38,418		29,452		45,270	209,799	163,567	179,244
Logistical Services [Member]
Sales revenues	$ 15,532	$ 14,036	$ 14,062	$ 12,018	$ 12,994		$ 11,218		$ 10,801		$ 13,178	55,648	48,191	48,222
Cost of goods and service sold												$ 53,905	$ 46,946	$ 46,367
[1]	Income from operations includes a gain of $1,161 arising from the settlement of a lease obligation (see Note 13).
[2]	Net income includes a non-taxable gain of $914 arising from the recognition of a death benefit from Company-owned life insurance (see Note 13).
[3]	Loss from operations reflects the severe impact of the COVID-19 pandemic on our operations due to the temporary closure of substantially all of our operations during the quarter (see Note 1) and includes a goodwill impairment charge of $1,971 (see Note 7), asset impairment charges of $12,184 and a litigation expense accrual of $1,050 (see Note 13). Net loss includes the benefit of carrying back the loss to tax years with 35% federal statutory rate as provided for in the CARES Act (see Note 12).

Note 20 - Subsequent Event (Det

Note 20 - Subsequent Event (Details Textual) $ in Millions	Jan. 31, 2022USD ($)
Subsequent Event [Member] | Discontinued Operations, Disposed of by Sale [Member] | Zenith Freight Lines [Member]
Disposal Group, Including Discontinued Operation, Consideration	$ 87

Schedule II - Analysis of Val_3

Schedule II - Analysis of Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands		12 Months Ended
		Nov. 27, 2021	Nov. 28, 2020	Nov. 30, 2019
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Balance Beginning of Period		$ 1,211	$ 815	$ 754
Additions Charged to Cost and Expenses		(156)	492	61
Deductions	[1]	(259)	(96)	0
Other		0		0	[2]
Balance End of Period		796	1,211	815
SEC Schedule, 12-09, Allowance, Notes Receivable [Member]
Balance Beginning of Period		359	359	377
Additions Charged to Cost and Expenses		0	0	0
Deductions	[1]	0	0	(18)
Other		0	0	0
Balance End of Period		$ 359	$ 359	$ 359
[1]	Deductions are for the purpose for which the reserve was created.
[2]	Represents reserves of acquired business at date of acquisition.