v3.25.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 65,731 $ 69,710
Investments, short-term 107,202 91,319
Accounts receivable, net 7,312 6,766
Inventories, net 150,384 142,040
Prepaid expenses and other current assets 30,763 22,848
Total current assets 361,392 332,683
Property, plant and equipment, net 211,008 215,258
Goodwill 25,388 25,388
Intangible assets 19,740 19,740
Operating lease right-of-use assets 108,383 114,242
Deferred income taxes 732 824
Investments, long-term 10,041 34,772
Other assets 2,056 2,010
TOTAL ASSETS 738,740 744,917
Current liabilities:    
Accounts payable and accrued expenses 26,973 27,400
Customer deposits 79,299 73,471
Accrued compensation and benefits 19,251 20,702
Current operating lease liabilities 27,794 27,387
Other current liabilities 4,469 4,736
Total current liabilities 157,786 153,696
Operating lease liabilities, long-term 95,064 100,897
Deferred income taxes 2,237 3,035
Other long-term liabilities 4,501 4,373
TOTAL LIABILITIES 259,588 262,001
Commitments and Contingencies  
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, 49,638 and 49,550 shares issued; 25,430 and 25,412 shares outstanding at March 31, 2025 and June 30, 2024, respectively 496 495
Additional paid-in capital 389,197 388,104
Treasury stock, at cost: 24,208 and 24,138 shares at March 31, 2025 and June 30, 2024, respectively (687,003) (684,796)
Retained earnings 782,576 783,366
Accumulated other comprehensive loss (6,024) (4,189)
Total Ethan Allen Interiors Inc. shareholders' equity 479,242 482,980
Noncontrolling interests (90) (64)
TOTAL SHAREHOLDERS' EQUITY 479,152 482,916
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 738,740 $ 744,917

Source

v3.25.1
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Net sales $ 142,695 $ 146,421 $ 454,292 $ 477,589
Cost of sales 55,339 56,597 178,230 186,988
Gross profit 87,356 89,824 276,062 290,601
Selling, general and administrative expenses 76,253 75,253 228,999 234,734
Restructuring and other charges, net of gains 106 (754) 344 503
Operating income 10,997 15,325 46,719 55,364
Interest and other income, net 1,599 2,037 5,826 5,541
Interest and other financing costs 60 64 183 177
Income before income taxes 12,536 17,298 52,362 60,728
Income tax expense 2,931 4,345 13,034 15,425
Net income $ 9,605 $ 12,953 $ 39,328 $ 45,303
Basic earnings per common share:        
Net income per basic share (in dollars per share) $ 0.38 $ 0.51 $ 1.54 $ 1.78
Basic weighted average common shares (in shares) 25,556 25,531 25,553 25,520
Diluted earnings per common share:        
Net income per diluted share (in dollars per share) $ 0.37 $ 0.5 $ 1.53 $ 1.77
Diluted weighted average common shares (in shares) 25,629 25,650 25,624 25,632
Comprehensive income        
Net income $ 9,605 $ 12,953 $ 39,328 $ 45,303
Other comprehensive income (loss), net of tax        
Foreign currency translation adjustments 366 544 (2,615) 628
Other 120 (358) 754 1,266
Other comprehensive income (loss), net of tax 486 186 (1,861) 1,894
Comprehensive income $ 10,091 $ 13,139 $ 37,467 $ 47,197

Source

v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net income $ 39,328 $ 45,303
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,670 12,036
Share-based compensation expense 1,094 1,085
Non-cash operating lease cost 24,452 23,824
Deferred income taxes (706) (313)
Restructuring and other charges, net of gains 344 503
Payments on restructuring and other charges, net of proceeds (598) (921)
Loss on disposal of property, plant and equipment 50 31
Other 10 130
Changes in operating assets and liabilities:    
Accounts receivable, net (546) 3,586
Inventories, net (8,375) 3,760
Prepaid expenses and other current assets (7,987) (3,744)
Customer deposits 5,828 2,761
Accounts payable and accrued expenses (344) (4,385)
Accrued compensation and benefits (1,488) (4,484)
Operating lease liabilities (25,877) (24,496)
Other assets and liabilities 24 (722)
Net cash provided by operating activities 36,879 53,954
Cash Flows from Investing Activities    
Proceeds from sales of property, plant and equipment 0 22
Capital expenditures (9,352) (7,536)
Purchases of investments (35,230) (79,913)
Proceeds from sales of investments 46,827 77,346
Net cash provided by (used in) investing activities 2,245 (10,081)
Cash Flows from Financing Activities    
Payment of cash dividends (40,118) (40,309)
Proceeds from employee stock plans 0 508
Taxes paid related to net share settlement of equity awards (2,207) (2,149)
Payments on financing leases (262) (350)
Net cash used in financing activities (42,587) (42,300)
Effect of exchange rate changes on cash and cash equivalents (376) 76
Net (decrease) increase in cash, cash equivalents and restricted cash (3,839) 1,649
Cash, cash equivalents and restricted cash at beginning of period 70,216 62,622
Cash, cash equivalents and restricted cash at end of period $ 66,377 $ 64,271

Source