v3.25.4
Schedule II - Analysis of Valuation and Qualifying Accounts
 12 Months Ended
Nov. 29, 2025
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 29, 2025, November 30, 2024 and November 25, 2023

(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 25, 2023:

                                        

Reserve deducted from assets to which it applies

                                        
                                         

Allowance for credit losses

   $ 1,261     $ 219     $ (945 )   $ -     $ 535  
                                         
                                         

Income tax valuation allowance

   $ 1,339     $ 452     $ -     $ -     $ 1,791  
                                         
                                         

For the Year Ended November 30, 2024:

                                        

Reserve deducted from assets to which it applies

                                        
                                         

Allowance for credit losses

   $ 535     $ 624     $ (62 )   $ -     $ 1,097  
                                         
                                         

Income tax valuation allowance

   $ 1,791     $ 473     $ -     $ -     $ 2,264  
                                         

For the Year Ended November 29, 2025:

                                        

Reserve deducted from assets to which it applies

                                        
                                         

Allowance for credit losses

   $ 1,097     $ (62 )   $ (606 )   $ -     $ 429  
                                         

Income tax valuation allowance

   $ 2,264     $ -     $ -     $ -     $ 2,264  

 

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