Note 3 - Business Combination - Acquisition of Zenith (Tables)

3 Months Ended

Feb. 28, 2015

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Fair value of consideration transferred in exchange for 51% of Zenith:
Cash	$	9,000
Bassett common stock, 89,485 shares, par value $5.00 per share, fair value at closing $18.72 per share		1,675
Note payable		8,436
Total fair value of consideration transferred to seller		19,111
Less effective settlement of previous amounts payable to Zenith at acquisition		(3,622	)
Total fair value of consideration net of effective settlement		15,489
Fair value of Bassett's previous 49% interest in Zenith		16,692
Total fair value of acquired business	$	32,181

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

Allocation of the fair value of consideration transferred:
Identifiable assets acquired:
Acquired cash and cash equivalents	$	1,626
Accounts receivable, net		3,399
Prepaid expenses and other current assets		493
Property and equipment		18,109
Other long-term assets		646
Intangible assets		6,362
Total identifiable assets acquired		30,635
Liabilities assumed:
Accounts payable and accrued liabilities		(4,417	)
Notes payable		(4,329	)
Total liabilities assumed		(8,746	)
Net identifiable assets acquired		21,889
Goodwill		10,292
Total net assets acquired	$	32,181

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

	Useful Life
Description:	In Years		Fair Value
Customer relationships		15	$	3,038
Trade names	Indefinite			2,490
Technology - customized applications		7		834
Total acquired intangible assets			$	6,362