Schedule II - Analysis of Valuation and Qualifying Accounts

12 Months Ended

Nov. 25, 2023

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 25, 2023, November 26, 2022 and November 27, 2021

(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 27, 2021:
Reserve deducted from assets to which it applies
Allowance for doubtful accounts	$	905	$	(161	)	$	(177	)	$	-	$	567
Notes receivable valuation reserves	$	359	$	-		$	-		$	-	$	359
For the Year Ended November 26, 2022:
Reserve deducted from assets to which it applies
Allowance for doubtful accounts	$	567	$	761		$	(67	)	$	-	$	1,261
Notes receivable valuation reserves	$	359	$	-		$	(359	)	$	-	$	-
Income tax valuation allowance	$	-	$	1,339		$	-		$	-	$	1,339
For the Year Ended November 25, 2023:
Reserve deducted from assets to which it applies
Allowance for doubtful accounts	$	1,261	$	219		$	(945	)	$	-	$	535
Income tax valuation allowance	$	1,339	$	452		$	-		$	-	$	1,791

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