−Removed: Quantitative and Qualitative Disclosure a bout Market Risk:
+Added: Quantitative and Qualitative Disclosure about Market Risk:
We are exposed to market risk from changes in the value of foreign currencies.
6 unchanged sentences
We have potential exposure to market risk related to conditions in the commercial real estate market.
−Removed: Our retail real estate holdings of $17,463 at August 29, 2020 for Company-owned stores could suffer significant impairment in value if we are forced to close additional stores and sell or lease the related properties during periods of weakness in certain markets.
−Removed: Additionally, if we are required to assume responsibility for payment under the lease obligations of $1,802 which we have guaranteed on behalf of licensees as of August 29, 2020 we may not be able to secure sufficient sub-lease income in the current market to offset the payments required under the guarantees.
+Added: Our retail real estate holdings of $17,211 at February 27, 2021 for Company-owned stores could suffer significant impairment in value if we are forced to close additional stores and sell or lease the related properties during periods of weakness in certain markets.
+Added: Additionally, if we are required to assume responsibility for payment under the lease obligations of $2,064 which we have guaranteed on behalf of licensees as of February 27, 2021 we may not be able to secure sufficient sub-lease income in the current market to offset the payments required under the guarantees.
We are also exposed to risk related to conditions in the commercial real estate rental market with respect to the right-of-use assets we carry on our balance sheet for leased retail store locations, warehouse and distribution facilities.
−Removed: At August 29, 2020, the unamortized balance of such right-of-use assets totaled $110,530.
+Added: At February 27, 2021, the unamortized balance of such right-of-use assets totaled $103,257.
Should we have to close or otherwise abandon one of these leased locations, we could incur additional impairment charges if rental market conditions do not support a fair value for the right of use asset in excess of its carrying value.
1 unchanged sentence
BASSETT FURNITURE INDUSTRIES, INCORPORATED AND SUBSIDIARIES
−Removed: AUGUST 29, 2020
+Added: FEBRUARY 27, 2021
(Dollars in thousands except share and per share data)
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.