Schedule II - Analysis of Valuation and Qualifying Accounts

12 Months Ended

Nov. 28, 2020

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 28, 2020, November 30, 2019 and November 24, 2018

(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, 2018:
Reserve deducted from assets to which it applies
Allowance for doubtful accounts	$	617	$	339	$	(252	)	$	50	(2)	$	754
Notes receivable valuation reserves	$	1,454	$	-	$	(1,077	)	$	-		$	377
For the Year Ended November 30, 2019:
Reserve deducted from assets to which it applies
Allowance for doubtful accounts	$	754	$	61	$	-					$	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	$	-	$	(18	)	$	-		$	341

(1) Deductions are for the purpose for which the reserve was created.

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