Schedule II - Analysis of Valuation and Qualifying Accounts

12 Months Ended

Nov. 28, 2015

Notes to Financial Statements

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 28, 2015, November 29, 2014 and November 30, 2013

(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, 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
For the Year Ended November 28, 2015:
Reserve deducted from assets to which it applies
Allowance for doubtful accounts	$	1,249	$	(216	)	$	(67	)	$	209	(2)	$	1,175
Notes receivable valuation reserves	$	4,139	$	582		$	(75	)	$	-		$	4,646
Income tax valuation allowance	$	70	$	-		$	(70	)	$	-		$	-

(1) Deductions are for the purpose for which the reserve was created. Deductions from the income tax valuation allowance for the year ended November 30, 2013 were due to the removal of the majority of our valuation allowance.

(2) Represents reserves of acquired company at date of acquisition.