XML 44 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 3 - Fair Value of Acquired Business (Details) - Zenith Freight Lines [Member] - USD ($)
3 Months Ended 9 Months Ended
Feb. 02, 2015
Feb. 28, 2015
Aug. 29, 2015
Cash   $ 9,000,000  
Bassett common stock, 89,485 shares, par value $5.00 per share, fair value at closing $18.72 per share   1,675,000  
Note payable   8,436,000  
Total fair value of consideration transferred to seller $ 19,111,000 19,111,000  
Less effective settlement of previous amounts payable to Zenith at acquisition   (3,622,000)  
Total fair value of consideration net of effective settlement   15,489,000  
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value   16,692,000 $ 16,692,000
Total fair value of acquired business   $ 32,181,000