v3.21.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Jun. 30, 2021
ASSETS    
Cash and cash equivalents $ 93,665 $ 104,596
Accounts receivable, net 7,942 9,026
Inventories, net 158,735 143,978
Prepaid expenses and other current assets 40,500 37,679
Total current assets 300,842 295,279
Property, plant and equipment, net 228,144 231,446
Goodwill 25,388 25,388
Intangible assets 19,740 19,740
Operating lease right-of-use assets 101,831 108,730
Deferred income taxes 822 1,078
Other assets 1,527 1,584
Total ASSETS 678,294 683,245
Current liabilities:    
Accounts payable and accrued expenses 36,463 37,786
Customer deposits and deferred revenue 140,198 130,635
Accrued compensation and benefits 19,885 23,866
Current operating lease liabilities 27,433 27,395
Other current liabilities 8,788 4,220
Total current liabilities 232,767 223,902
Operating lease liabilities, long-term 89,948 97,911
Deferred income taxes 5,523 5,028
Other long-term liabilities 5,010 4,986
Total LIABILITIES 333,248 331,827
Commitments and contingencies (see Note 16)
SHAREHOLDERS' EQUITY    
Preferred stock, $0.01 par value; 1,055 shares authorized; none issued 0 0
Common stock, $0.01 par value, 150,000 shares authorized, 49,295 and 49,240 shares issued; 25,260 and 25,237 shares outstanding at September 30, 2021 and June 30, 2021, respectively 493 492
Additional paid-in capital 382,804 382,527
Treasury stock, at cost: 24,035 and 24,003 shares at September 30, 2021 and June 30, 2021, respectively (681,770) (680,991)
Retained earnings 650,127 655,346
Accumulated other comprehensive loss (6,584) (5,931)
Total Ethan Allen Interiors Inc. shareholders' equity 345,070 351,443
Noncontrolling interests (24) (25)
Total shareholders' equity 345,046 351,418
Total LIABILITIES AND SHAREHOLDERS' EQUITY $ 678,294 $ 683,245

Source

v3.21.2
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Net sales $ 182,327 $ 151,058
Cost of sales 73,135 65,288
Gross profit 109,192 85,770
Selling, general and administrative expenses 81,577 73,466
Restructuring and other impairment charges, net of gains 255 623
Operating income 27,360 11,681
Other expenses    
Interest and other financing costs 48 335
Other income (expense), net 28 (105)
Income before income taxes 27,340 11,241
Income Tax Expense (Benefit), Total 7,187 1,888
Net income $ 20,153 $ 9,353
Basic earnings per common share:    
Net income per basic share (in dollars per share) $ 0.79 $ 0.37
Basic weighted average common shares (in shares) 25,375 25,179
Diluted earnings per common share:    
Net income per diluted share (in dollars per share) $ 0.79 $ 0.37
Diluted weighted average common shares (in shares) 25,451 25,206
Comprehensive income    
Net income $ 20,153 $ 9,353
Other comprehensive income (loss), net of tax    
Foreign currency translation adjustments (653) 556
Other 1 (9)
Other comprehensive income, net of tax (652) 547
Comprehensive income $ 19,501 $ 9,900

Source

v3.21.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities    
Net income $ 20,153 $ 9,353
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,325 4,140
Share-based compensation expense 277 254
Non-cash operating lease cost 7,473 7,492
Deferred income taxes 751 (1,425)
Restructuring and other impairment charges, net of gains 255 623
Restructuring payments (417) (59)
Loss on disposal of property, plant and equipment 5 0
Other (10) (36)
Change in operating assets and liabilities    
Accounts receivable, net 1,084 (5,149)
Inventories, net (14,757) (946)
Prepaid expenses and other current assets (2,808) (6,717)
Customer deposits and deferred revenue 9,563 25,877
Accounts payable and accrued expenses (1,184) 8,111
Accrued compensation and benefits (3,971) 6,042
Operating lease liabilities (8,521) (8,390)
Other assets and liabilities 4,771 3,020
Net cash provided by operating activities 16,989 42,190
Cash Flows from Investing Activities    
Capital expenditures (1,529) (2,439)
Net cash used in investing activities (1,529) (2,439)
Cash Flows from Financing Activities    
Payments on borrowings 0 (50,000)
Payment of cash dividends (25,372) 0
Payments on financing leases (132) (148)
Taxes paid related to net share settlement of equity awards (778) 0
Net cash used in financing activities (26,282) (50,148)
Effect of exchange rate changes on cash and cash equivalents (109) 94
Net decrease in cash and cash equivalents (10,931) (10,303)
Cash and cash equivalents at beginning of period 104,596 72,276
Cash and cash equivalents at end of period $ 93,665 $ 61,973

Source