Note 18 - Revenue Recognition

12 Months Ended

Nov. 27, 2021

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

18. Revenue Recognition

Disaggregated revenue information for sales of furniture and accessories by product category for fiscal years 2021, 2020 and 2019, excluding intercompany transactions between our segments, is as follows:

	2021						2020						2019
	Wholesale		Retail		Total		Wholesale		Retail		Total		Wholesale		Retail		Total
Bassett Custom Upholstery	$	105,445	$	139,527	$	244,972	$	71,840	$	112,888	$	184,728	$	78,856	$	142,865	$	221,721
Bassett Leather		36,157		226		36,383		20,487		2,326		22,813		17,083		3,782		20,865
Bassett Custom Wood		24,079		30,931		55,010		19,682		28,942		48,624		21,264		35,092		56,356
Bassett Casegoods		17,378		42,658		60,036		13,719		35,728		49,447		17,221		44,827		62,048
Accessories, mattresses and other (1) (2)		-		34,485		34,485		-		32,060		32,060		748		42,127		42,875
Consolidated Furniture and Accessories revenue	$	183,059	$	247,827	$	430,886	$	125,728	$	211,944	$	337,672	$	135,172	$	268,693	$	403,865

(1) Includes the sale of goods other than Bassett-branded products, such as accessories and bedding, and also includes the sale of furniture protection plans.

(2) Beginning with the third quarter of fiscal 2019, our wholesale segment no longer purchases accessory items for resale to third party customers such as licensees or independent furniture dealers. These customers now source their accessory items from the accessory vendors.