Remove bacon from pan with a slotted spoon; drain.
Add thyme and onion to pan; saut 3 minutes.
Add broth and Brussels sprouts; bring to a boil. Cover and simmer 6 minutes or until crisp-tender.
Sprinkle with bacon.
Lemon and Pecan variation: Omit bacon; use 1 teaspoon olive oil in place of bacon drippings. Substitute 1 cup prechopped onion for sliced onion. To finish, stir in 1/4 cup chopped pecans, 2 teaspoons grated lemon rind, 1 tablespoon fresh lemon juice, and 1/4 teaspoon black pepper.