Schedule II - Analysis of Valuation and Qualifying Accounts

12 Months Ended

Nov. 29, 2014

Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

Bassett Furniture Industries, Incorporated

Schedule II

Analysis of Valuation and Qualifying Accounts

For the Years Ended November 29, 2014, November 30, 2013 and November 24, 2012

(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 24, 2012:
Reserve deducted from assets to which it applies
Allowance for doubtful accounts	$	2,092	$	377		$	(680	)	$	-	$	1,789
Notes receivable valuation reserves	$	4,140	$	(1	)	$	-		$	-	$	4,139
Income tax valuation allowance	$	19,612	$	-		$	(18,704	)	$	-	$	908
For the Year Ended November 30, 2013:
Reserve deducted from assets to which it applies
Allowance for doubtful accounts	$	1,789	$	361		$	(543	)	$	-	$	1,607
Notes receivable valuation reserves	$	4,139	$	-		$	-		$	-	$	4,139
Income tax valuation allowance	$	908	$	136		$	-		$	-	$	1,044
For the Year Ended November 29, 2014:
Reserve deducted from assets to which it applies
Allowance for doubtful accounts	$	1,607	$	77		$	(435	)	$	-	$	1,249
Notes receivable valuation reserves	$	4,139	$	-		$	-		$	-	$	4,139
Income tax valuation allowance	$	1,044	$	-		$	(974	)	$	-	$	70

(1) Deductions are for the purpose for which the reserve was created. Deductions from the income tax valuation allowance for the years ended November 24, 2012 and November 29, 2014 were due to the removal of the majority of our valuation allowance, resulting in a net tax benefit for the year.