Financial Statements for Bassett Furniture Industries Inc.

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Bassett Furniture Industries Inc. financials

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Income Statement

Balance Sheet

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In Millions of USD (except for per share items)	14 weeks ending 2013-03-02	13 weeks ending 2012-11-24	13 weeks ending 2012-08-25	13 weeks ending 2012-05-26	13 weeks ending 2012-02-25
Revenue	79.85	76.81	64.44	67.45	60.97
Other Revenue, Total	-	-	-	-	-
Total Revenue	79.85	76.81	64.44	67.45	60.97
Cost of Revenue, Total	38.49	36.64	30.62	31.79	29.30
Gross Profit	41.36	40.17	33.82	35.66	31.67
Selling/General/Admin. Expenses, Total	39.00	37.66	33.05	33.44	31.03
Research & Development	-	-	-	-	-
Depreciation/Amortization	-	-	-	-	-
Interest Expense(Income) - Net Operating	-	-	-	-	-
Unusual Expense (Income)	0.00	-0.07	0.00	0.68	0.46
Other Operating Expenses, Total	-	0.00	0.00	0.00	-
Total Operating Expense	77.48	74.22	63.67	65.91	60.79
Operating Income	2.36	2.59	0.77	1.55	0.18
Interest Income(Expense), Net Non-Operating	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	0.00	0.00	0.00	-
Other, Net	-0.67	-0.49	-0.27	8.37	-1.25
Income Before Tax	1.70	2.68	0.45	9.95	-1.07
Income After Tax	0.98	16.90	2.37	8.04	-0.60
Minority Interest	-	-	-	-	-
Equity In Affiliates	-	-	-	-	-
Net Income Before Extra. Items	0.98	16.90	2.37	8.04	-0.60
Accounting Change	-	-	-	-	-
Discontinued Operations	-	-	-	-	-
Extraordinary Item	-	-	-	-	-
Net Income	0.98	16.90	2.37	8.04	-0.60
Preferred Dividends	-	-	-	-	-
Income Available to Common Excl. Extra Items	0.98	16.90	2.37	8.04	-0.60
Income Available to Common Incl. Extra Items	0.98	16.90	2.37	8.04	-0.60
Basic Weighted Average Shares	-	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-	-
Dilution Adjustment	0.00	0.00	0.00	0.00	-
Diluted Weighted Average Shares	10.86	10.93	11.07	11.22	11.16
Diluted EPS Excluding Extraordinary Items	0.09	1.55	0.21	0.72	-0.05
Diluted EPS Including Extraordinary Items	-	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.05	0.05	0.05	0.05	0.05
Gross Dividends - Common Stock	-	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-	-
Depreciation, Supplemental	-	-	-	-	-
Total Special Items	-	-	-	-	-
Normalized Income Before Taxes	-	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-	-
Normalized Income After Taxes	-	-	-	-	-
Normalized Income Avail to Common	-	-	-	-	-
Basic Normalized EPS	-	-	-	-	-
Diluted Normalized EPS	0.09	1.54	0.21	0.77	-0.03

In Millions of USD (except for per share items)	52 weeks ending 2012-11-24	52 weeks ending 2011-11-26	52 weeks ending 2010-11-27	52 weeks ending 2009-11-28
Revenue	269.67	253.21	235.25	232.72
Other Revenue, Total	-	-	-	-
Total Revenue	269.67	253.21	235.25	232.72
Cost of Revenue, Total	128.35	125.64	122.57	129.88
Gross Profit	141.32	127.57	112.69	102.84
Selling/General/Admin. Expenses, Total	135.17	135.51	117.38	118.99
Research & Development	-	-	-	-
Depreciation/Amortization	-	-	-	-
Interest Expense(Income) - Net Operating	-	-	-	-
Unusual Expense (Income)	1.88	16.63	0.00	5.05
Other Operating Expenses, Total	-	-	-	-
Total Operating Expense	265.40	277.78	239.94	253.93
Operating Income	4.27	-24.57	-4.69	-21.20
Interest Income(Expense), Net Non-Operating	-	-	-	-
Gain (Loss) on Sale of Assets	9.01	86.31	0.49	0.00
Other, Net	-1.77	-3.07	-3.04	-3.71
Income Before Tax	12.01	59.75	-2.21	-24.45
Income After Tax	26.71	55.34	-2.00	-22.70
Minority Interest	-	-	-	-
Equity In Affiliates	-	-	-	-
Net Income Before Extra. Items	26.71	55.34	-2.00	-22.70
Accounting Change	-	-	-	-
Discontinued Operations	-	-	-	-
Extraordinary Item	-	-	-	-
Net Income	26.71	55.34	-2.00	-22.70
Preferred Dividends	-	-	-	-
Income Available to Common Excl. Extra Items	26.71	55.34	-2.00	-22.70
Income Available to Common Incl. Extra Items	26.71	55.34	-2.00	-22.70
Basic Weighted Average Shares	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-
Dilution Adjustment	-	-	0.00	0.00
Diluted Weighted Average Shares	11.10	11.54	11.46	11.40
Diluted EPS Excluding Extraordinary Items	2.41	4.79	-0.17	-1.99
Diluted EPS Including Extraordinary Items	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.20	0.10	0.00	0.00
Gross Dividends - Common Stock	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-
Depreciation, Supplemental	-	-	-	-
Total Special Items	-	-	-	-
Normalized Income Before Taxes	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-
Normalized Income After Taxes	-	-	-	-
Normalized Income Avail to Common	-	-	-	-
Basic Normalized EPS	-	-	-	-
Diluted Normalized EPS	1.99	0.87	-0.20	-1.70

In Millions of USD (except for per share items)	As of 2013-03-02	As of 2012-11-24	As of 2012-08-25	As of 2012-05-26	As of 2012-02-25
Cash & Equivalents	47.16	45.57	57.97	67.13	61.09
Short Term Investments	-	-	3.21	3.03	3.01
Cash and Short Term Investments	47.16	45.57	61.17	70.17	64.10
Accounts Receivable - Trade, Net	14.84	15.76	14.47	14.16	13.83
Receivables - Other	-	-	-	-	-
Total Receivables, Net	14.84	15.76	14.47	14.16	13.83
Total Inventory	57.81	57.92	54.54	47.91	46.06
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	12.20	13.27	7.61	6.53	6.81
Total Current Assets	132.01	132.51	137.80	138.78	130.80
Property/Plant/Equipment, Total - Gross	-	148.16	148.61	142.86	142.55
Accumulated Depreciation, Total	-	-91.53	-93.18	-91.52	-92.05
Goodwill, Net	-	-	-	-	-
Intangibles, Net	-	-	-	-	-
Long Term Investments	-	-	0.00	0.00	0.00
Other Long Term Assets, Total	38.24	38.05	26.81	29.72	30.12
Total Assets	226.99	227.18	221.74	221.62	213.21
Accounts Payable	18.43	22.41	19.17	16.46	15.76
Accrued Expenses	17.85	17.38	18.63	19.11	17.18
Notes Payable/Short Term Debt	0.00	0.00	0.00	0.00	0.00
Current Port. of LT Debt/Capital Leases	-	-	0.21	0.21	0.20
Other Current liabilities, Total	15.96	12.79	11.62	10.48	11.34
Total Current Liabilities	52.23	52.58	49.63	46.26	44.49
Long Term Debt	2.99	3.05	3.50	3.56	3.61
Capital Lease Obligations	-	-	-	-	-
Total Long Term Debt	2.99	3.05	3.50	3.56	3.61
Total Debt	2.99	3.05	3.71	3.76	3.81
Deferred Income Tax	-	-	-	-	-
Minority Interest	-	-	-	-	-
Other Liabilities, Total	13.79	14.27	13.21	14.26	14.74
Total Liabilities	69.01	69.90	66.34	64.07	62.84
Redeemable Preferred Stock, Total	-	-	-	-	-
Preferred Stock - Non Redeemable, Net	-	-	-	-	-
Common Stock, Total	54.24	54.18	54.41	56.16	56.33
Additional Paid-In Capital	0.18	-	-	-	-
Retained Earnings (Accumulated Deficit)	104.76	104.32	101.96	102.42	95.09
Treasury Stock - Common	-	-	-	-	-
Other Equity, Total	-1.20	-1.22	-0.98	-1.03	-1.06
Total Equity	157.97	157.28	155.40	157.55	150.37
Total Liabilities & Shareholders' Equity	226.99	227.18	221.74	221.62	213.21
Shares Outs - Common Stock Primary Issue	-	-	-	-	-
Total Common Shares Outstanding	10.85	10.84	10.89	11.21	11.26

In Millions of USD (except for per share items)	As of 2012-11-24	As of 2011-11-26	As of 2010-11-27	As of 2009-11-28
Cash & Equivalents	45.57	69.60	11.07	23.22
Short Term Investments	-	-	0.00	-
Cash and Short Term Investments	45.57	69.60	11.07	23.22
Accounts Receivable - Trade, Net	15.76	14.76	31.62	34.60
Receivables - Other	-	-	-	-
Total Receivables, Net	15.76	14.76	31.62	34.60
Total Inventory	57.92	45.13	41.81	33.39
Prepaid Expenses	-	-	-	-
Other Current Assets, Total	13.27	10.72	6.97	13.31
Total Current Assets	132.51	140.20	91.47	104.53
Property/Plant/Equipment, Total - Gross	148.16	143.82	142.36	152.15
Accumulated Depreciation, Total	-91.53	-93.88	-96.11	-101.52
Goodwill, Net	-	-	-	-
Intangibles, Net	-	-	-	-
Long Term Investments	-	-	15.11	14.93
Other Long Term Assets, Total	38.05	33.02	36.98	37.83
Total Assets	227.18	223.17	197.32	216.23
Accounts Payable	22.41	18.82	24.89	14.71
Accrued Expenses	17.38	17.70	18.25	18.22
Notes Payable/Short Term Debt	0.00	0.00	0.00	0.00
Current Port. of LT Debt/Capital Leases	-	-	9.52	4.39
Other Current liabilities, Total	12.79	15.30	9.17	5.95
Total Current Liabilities	52.58	51.83	61.83	43.27
Long Term Debt	3.05	3.66	4.29	31.95
Capital Lease Obligations	-	-	-	-
Total Long Term Debt	3.05	3.66	4.29	31.95
Total Debt	3.05	3.66	13.82	36.35
Deferred Income Tax	-	-	-	-
Minority Interest	-	-	7.36	10.95
Other Liabilities, Total	14.27	15.25	17.53	19.72
Total Liabilities	69.90	70.74	91.01	105.89
Redeemable Preferred Stock, Total	-	-	-	-
Preferred Stock - Non Redeemable, Net	-	-	-	-
Common Stock, Total	54.18	56.71	57.80	57.27
Additional Paid-In Capital	-	-	0.48	0.48
Retained Earnings (Accumulated Deficit)	104.32	96.33	48.46	50.46
Treasury Stock - Common	-	-	-	-
Other Equity, Total	-1.22	-0.84	-0.71	-0.04
Total Equity	157.28	152.44	106.31	110.33
Total Liabilities & Shareholders' Equity	227.18	223.17	197.32	216.23
Shares Outs - Common Stock Primary Issue	-	-	-	-
Total Common Shares Outstanding	10.84	11.34	11.56	11.45

In Millions of USD (except for per share items)	14 weeks ending 2013-03-02	52 weeks ending 2012-11-24	39 weeks ending 2012-08-25	26 weeks ending 2012-05-26	13 weeks ending 2012-02-25
Net Income/Starting Line	0.98	26.71	9.82	7.45	-0.60
Depreciation/Depletion	1.43	5.47	3.93	2.62	1.32
Amortization	-	-	-	-	-
Deferred Taxes	0.17	-15.82	-0.66	-	0.02
Non-Cash Items	-0.22	2.51	3.37	2.18	0.91
Changes in Working Capital	-0.40	-10.91	-9.53	-3.98	-2.95
Cash from Operating Activities	1.97	7.96	6.93	8.26	-1.29
Capital Expenditures	-2.62	-9.00	-6.86	-4.35	-1.92
Other Investing Cash Flow Items, Total	3.31	5.19	0.91	1.44	1.42
Cash from Investing Activities	0.68	-3.81	-5.95	-2.91	-0.50
Financing Cash Flow Items	-	-	-	-	-
Total Cash Dividends Paid	-1.08	-21.44	-7.19	-6.63	-6.06
Issuance (Retirement) of Stock, Net	0.08	-6.17	-5.28	-1.09	-0.61
Issuance (Retirement) of Debt, Net	-0.06	-0.57	-0.15	-0.10	-0.05
Cash from Financing Activities	-1.06	-28.18	-12.62	-7.82	-6.72
Foreign Exchange Effects	-	-	-	-	-
Net Change in Cash	1.59	-24.04	-11.63	-2.47	-8.51
Cash Interest Paid, Supplemental	-	0.29	-	-	-
Cash Taxes Paid, Supplemental	-	2.01	-	-	-

In Millions of USD (except for per share items)	52 weeks ending 2012-11-24	52 weeks ending 2011-11-26	52 weeks ending 2010-11-27	52 weeks ending 2009-11-28
Net Income/Starting Line	26.71	55.34	-2.00	-22.70
Depreciation/Depletion	5.47	5.51	5.97	6.60
Amortization	-	-	-	-
Deferred Taxes	-15.82	-	-	0.00
Non-Cash Items	2.51	-57.50	1.47	18.87
Changes in Working Capital	-10.91	-8.79	2.35	1.35
Cash from Operating Activities	7.96	-5.43	7.79	4.12
Capital Expenditures	-9.00	-4.17	-2.01	-1.10
Other Investing Cash Flow Items, Total	5.19	83.67	5.55	23.43
Cash from Investing Activities	-3.81	79.50	3.54	22.34
Financing Cash Flow Items	-	-	0.00	0.00
Total Cash Dividends Paid	-21.44	-0.69	0.00	-1.14
Issuance (Retirement) of Stock, Net	-6.17	-2.79	0.14	0.02
Issuance (Retirement) of Debt, Net	-0.57	-12.05	-23.62	-5.89
Cash from Financing Activities	-28.18	-15.54	-23.48	-7.01
Foreign Exchange Effects	-	-	-	-
Net Change in Cash	-24.04	58.53	-12.15	19.44
Cash Interest Paid, Supplemental	0.29	0.90	1.83	2.40
Cash Taxes Paid, Supplemental	2.01	3.65	-1.58	-3.25