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Bassett Furniture Industries Inc (BSET) SEC Filing 10-Q Quarterly report for the period ending Saturday, August 31, 2019

Bassett Furniture Industries Inc

CIK: 10329 Ticker: BSET

 

Exhibit 99

 

 

Bassett Furniture Industries, Inc. 

P.O. Box 626 

Bassett, VA 24055 

J. Michael Daniel

Senior Vice President and

Chief Financial Officer

(276) 629-6614 – Investors

   
For Immediate Release 

Peter D. Morrison

Vice President of Communications

(276) 629-6450 – Media

 

 

 

Bassett Furniture News Release

Bassett Announces Fiscal Third Quarter Results


The following information was filed by Bassett Furniture Industries Inc (BSET) on Thursday, October 3, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Assess how Bassett Furniture Industries Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
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Bassett Furniture Industries Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Inside Bassett Furniture Industries Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets (Current Period Unaudited)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Condensed Consolidated Statements Of Income (Unaudited)
Note 1 - Basis Of Presentation
Note 1 - Basis Of Presentation (Details Textual)
Note 10 - Other Operating Gains And Losses
Note 10 - Other Operating Gains And Losses (Details Textual)
Note 11 - Commitments And Contingencies
Note 11 - Commitments And Contingencies (Details Textual)
Note 11 - Commitments And Contingencies (Tables)
Note 11 - Commitments And Contingencies - Future Minimum Lease Payments Under The Non-Cancellable Operating Leases (Details)
Note 12 - Earnings Per Share
Note 12 - Earnings Per Share (Tables)
Note 12 - Earnings Per Share - Antidilutive Securities (Details)
Note 12 - Earnings Per Share - Reconciliation Of Basic And Diluted Loss Per Share (Details)
Note 13 - Segment Information
Note 13 - Segment Information (Details Textual)
Note 13 - Segment Information (Tables)
Note 13 - Segment Information - Segment Information By Segment (Details)
Note 13 - Segment Information - Wholesale Shipments By Type (Details)
Note 14 - Revenue Recognition
Note 14 - Revenue Recognition (Details Textual)
Note 15 - Changes To Stockholders' Equity
Note 15 - Changes To Stockholders' Equity (Tables)
Note 15 - Changes To Stockholders' Equity - Changes Occurred In Stockholders' Equity (Details)
Note 16 - Recent Accounting Pronouncements
Note 2 - Interim Financial Presentation
Note 2 - Interim Financial Presentation (Details Textual)
Note 3 - Business Combinations
Note 3 - Business Combinations (Details Textual)
Note 3 - Business Combinations (Tables)
Note 3 - Business Combinations - Acquired Identifiable Intangible Assets (Details)
Note 3 - Business Combinations - Acquisitions (Details)
Note 4 - Financial Instruments And Fair Value Measurements
Note 4 - Financial Instruments And Fair Value Measurements (Details Textual)
Note 5 - Accounts Receivable
Note 5 - Accounts Receivable (Tables)
Note 5 - Accounts Receivable - Accounts Receivable (Details)
Note 5 - Accounts Receivable - Activity In Allowance For Doubtful Accounts (Details)
Note 6 - Inventories
Note 6 - Inventories (Details Textual)
Note 6 - Inventories (Tables)
Note 6 - Inventories - Activity In Reserves For Excess Quantities And Obsolete Inventory By Segment (Details)
Note 6 - Inventories - Inventories (Details)
Note 7 - Goodwill And Other Intangible Assets
Note 7 - Goodwill And Other Intangible Assets (Details Textual)
Note 7 - Goodwill And Other Intangible Assets (Tables)
Note 7 - Goodwill And Other Intangible Assets - Amortization Expense With Intangible Assets (Details)
Note 7 - Goodwill And Other Intangible Assets - Changes In Carrying Amount Of Goodwill By Reportable Segment (Details)
Note 7 - Goodwill And Other Intangible Assets - Estimated Future Amortization Expense For Intangible Assets (Details)
Note 7 - Goodwill And Other Intangible Assets - Goodwill And Other Intangible Assets (Details)
Note 8 - Notes Payable And Bank Credit Facility
Note 8 - Notes Payable And Bank Credit Facility (Details Textual)
Note 9 - Post Employment Benefit Obligations
Note 9 - Post Employment Benefit Obligations (Details Textual)
Note 9 - Post Employment Benefit Obligations (Tables)
Note 9 - Post Employment Benefit Obligations - Components Of Net Periodic Pension Cost (Details)
Note 9 - Post Employment Benefit Obligations - Deferred Compensation Liability (Details)
Note 9 - Post Employment Benefit Obligations - Pension Liability (Details)
Note 9 - Post Employment Benefit Obligations - Recognized Deferred Compensation Expense (Details)

Material Contracts, Statements, Certifications & more

Bassett Furniture Industries Inc provided additional information to their SEC Filing as exhibits

Ticker: BSET
CIK: 10329
Form Type: 10-Q Quarterly Report
Accession Number: 0001437749-19-019553
Submitted to the SEC: Thu Oct 03 2019 5:31:24 AM EST
Accepted by the SEC: Thu Oct 03 2019
Period: Saturday, August 31, 2019
Industry: Wood Household Furniture No Upholstered

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