v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Jun. 30, 2019
ASSETS    
Cash and cash equivalents $ 72,276 $ 20,824
Accounts receivable, net 8,092 14,247
Inventories, net 126,101 162,389
Prepaid expenses and other current assets 23,483 18,830
Total current assets 229,952 216,290
Property, plant and equipment, net 236,678 245,246
Goodwill 25,388 25,388
Intangible assets 19,740 19,740
Operating lease right-of-use assets 109,342  
Deferred income taxes 137 2,108
Other assets 1,552 1,579
TOTAL ASSETS 622,789 510,351
Current liabilities:    
Accounts payable and accrued expenses 25,595 34,166
Customer deposits and deferred revenues 64,031 56,714
Accrued compensation and benefits 18,278 22,646
Short-term debt 550
Current operating lease liabilities 27,366  
Other current liabilities 3,708 8,750
Total current liabilities 138,978 122,826
Long-term debt 50,000 516
Operating lease liabilities, long-term 102,111  
Other non-current liabilities 1,074 1,069
Other long-term liabilities 2,562 22,011
TOTAL LIABILITIES 294,725 146,422
Commitments and contingencies (See Note 20)
SHAREHOLDERS' EQUITY    
Preferred stock, $0.01 par value; 1,055 shares authorized; none issued
Common stock, $0.01 par value; 150,000 shares authorized; 49,053 and 49,049 shares issued; 25,053 and 26,587 shares outstanding at June 30, 2020 and 2019, respectively 491 491
Additional paid-in-capital 378,300 377,913
Treasury stock, at cost: 24,000 and 22,462 shares at June 30, 2020 and 2019, respectively (680,916) (656,597)
Retained earnings 638,631 647,710
Accumulated other comprehensive loss (8,441) (5,651)
Total Ethan Allen Interiors Inc. shareholders' equity 328,065 363,866
Noncontrolling interests (1) 63
TOTAL SHAREHOLDERS' EQUITY 328,064 363,929
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 622,789 $ 510,351

Source

v3.20.2
Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Net sales $ 589,837 $ 746,684 $ 766,784
Cost of sales 266,705 337,193 350,820
Gross profit 323,132 409,491 415,964
Selling, general and administrative expenses 311,507 356,880 367,097
Lease exit costs (remaining lease obligations) (3,019) 18,664
Operating income 14,644 33,947 48,867
Interest (expense), net of interest income (455) (87) 200
Income before income taxes 14,189 33,860 49,067
Total Income tax expense 5,289 8,162 12,696
Net income $ 8,900 $ 25,698 $ 36,371
Basic earnings per common share:      
Net income per basic share (in dollars per share) $ 0.34 $ 0.96 $ 1.33
Basic weighted average common shares (in shares) 26,044 26,695 27,321
Diluted earnings per common share:      
Net income per diluted share (in dollars per share) $ 0.34 $ 0.96 $ 1.32
Diluted weighted average common shares (in shares) 26,069 26,751 27,625
Comprehensive income      
Net income $ 8,900 $ 25,698 $ 36,371
Other comprehensive income (loss), net of tax      
Foreign curency translation adjustments (2,790) 520 (2,040)
Other (64) (76) (51)
Other comprehensive income (loss), net of tax (2,854) 444 (2,091)
Comprehensive income $ 6,046 $ 26,142 $ 34,280

Source

v3.20.2
Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Cash Flows from Operating Activities      
Net income $ 8,900 $ 25,698 $ 36,371
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 16,859 19,530 19,831
Share-based compensation expense 334 121 954
Non-cash operating lease cost 31,995
Deferred income taxes 2,524 (3,511) (106)
Restructuring and other impairment charges, net of gains 2,407 20,658
Restructuring payments (9,067) (2,473)
Loss on disposal of property, plant and equipment 199 157 201
Other 287 115 (250)
Change in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable, net 6,020 (565) (682)
Inventories, net 33,341 957 (11,876)
Prepaid expenses and other current assets (2,284) (2,155) 3,274
Customer deposits and deferred revenue 6,707 (4,924) (2,444)
Accounts payable and accrued expenses (7,975) 665 2,718
Accrued compensation and benefits (1,358) 653 (1,856)
Operating lease liabilities (34,765)
Other assets and liabilities (1,428) 321 (3,638)
Net cash provided by operating activities 52,696 55,247 42,497
Cash Flows from Investing Activities      
Proceeds from the disposal of property, plant & equipment 12,423 1 327
Capital expenditures (15,709) (9,120) (12,486)
Acquisitions, net of cash acquired (1,350) (534) (6,287)
Other investing activities 20 153 204
Net cash used in investing activities (4,616) (9,500) (18,242)
Cash Flows from Financing Activities      
Borrowings on revolving credit facility 100,000 16,000
Payments on borrowings (50,000) (16,000) (13,833)
Repurchases of common stock (24,319) (46) (23,120)
Payment of cash dividends (21,469) (46,990) (29,509)
Other financing activities (515) (302) (429)
Net cash provided by (used in) financing activities 3,697 (47,338) (66,891)
Effect of exchange rate changes on cash and cash equivalents (325) 52 (32)
Net increase (decrease) in cash, cash equivalents and restricted cash 51,452 (1,539) (42,668)
Cash, cash equivalents and restricted cash at beginning of period 20,824 22,363 65,031
Cash, cash equivalents and restricted cash at end of period 72,276 20,824 22,363
Supplemental Disclosure on Cash Flow Information      
Cash paid during the year for income taxes, net of refunds 6,006 13,339 14,305
Cash paid during the year for interest 538 306 177
Supplemental Disclosure on Non-Cash Information      
Non-cash financing lease obligations incurred 87 1,442
Dividends declared, not paid $ 5,075 $ 5,065

Source