v3.24.2.u1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 69,710 $ 62,130
Investments, short-term 91,319 110,577
Accounts receivable, net 6,766 11,577
Inventories, net 142,040 149,195
Prepaid expenses and other current assets 22,848 25,974
Total current assets 332,683 359,453
Property, plant and equipment, net 215,258 222,167
Goodwill 25,388 25,388
Intangible assets 19,740 19,740
Operating lease right-of-use assets 114,242 115,861
Deferred income taxes 824 640
Investments, long-term 34,772 0
Other assets 2,010 2,204
TOTAL ASSETS 744,917 745,453
Current liabilities:    
Accounts payable and accrued expenses 27,400 28,565
Customer deposits 73,471 77,765
Accrued compensation and benefits 20,702 23,534
Current operating lease liabilities 27,387 26,045
Other current liabilities 4,736 7,188
Total current liabilities 153,696 163,097
Operating lease liabilities, long-term 100,897 104,301
Deferred income taxes 3,035 3,056
Other long-term liabilities 4,373 3,993
TOTAL LIABILITIES 262,001 274,447
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; 49,550 and 49,426 shares issued; 25,412 and 25,356 shares outstanding at June 30, 2024 and 2023, respectively 495 494
Additional paid-in-capital 388,104 386,146
Treasury stock, at cost: 24,138 and 24,070 shares at June 30, 2024 and 2023, respectively 684,796 682,646
Retained earnings 783,366 769,819
Accumulated other comprehensive loss (4,189) (2,785)
Total Ethan Allen Interiors Inc. shareholders' equity 482,980 471,028
Noncontrolling interests (64) (22)
TOTAL SHAREHOLDERS' EQUITY 482,916 471,006
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 744,917 $ 745,453

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v3.24.2.u1
Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Net sales $ 646,221 $ 791,382 $ 817,762
Cost of sales 253,159 311,012 333,056
Gross profit 393,062 480,370 484,706
Selling, general and administrative expenses 315,148 346,894 350,917
Restructuring and other impairment charges, net of gains (77) (3,720) (4,461)
Operating income 77,991 137,196 138,250
Interest and other income (expense), net 7,700 4,042 72
Interest and other financing costs 245 213 201
Income before income taxes 85,446 141,025 138,121
Income tax expense 21,630 35,218 34,841
Net income $ 63,816 $ 105,807 $ 103,280
Basic earnings per common share:      
Net income per basic share (in dollars per share) $ 2.5 $ 4.15 $ 4.06
Basic weighted average common shares (in shares) 25,525 25,473 25,413
Diluted earnings per common share:      
Net income per diluted share (in dollars per share) $ 2.49 $ 4.13 $ 4.05
Diluted weighted average common shares (in shares) 25,644 25,604 25,522
Comprehensive income      
Net income $ 63,816 $ 105,807 $ 103,280
Foreign currency translation adjustments (1,866) 3,178 (466)
Other 420 503 (66)
Other comprehensive (loss) income, net of tax (1,446) 3,681 (532)
Comprehensive income $ 62,370 $ 109,488 $ 102,748

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v3.24.2.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities      
Net income $ 63,816 $ 105,807 $ 103,280
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 15,956 15,614 15,987
Share-based compensation expense 1,450 1,288 1,139
Non-cash operating lease cost 31,959 30,235 30,261
Deferred income taxes 205 1,182 352
Restructuring and other charges, net of gains (77) (3,720) (4,461)
Payments on restructuring and other charges, net of proceeds (1,019) (1,045) (1,556)
Loss on disposal of property, plant and equipment (76) (43) (44)
Other 115 (455) (70)
Changes in operating assets and liabilities:      
Accounts receivable, net (4,811) (5,442) 7,993
Inventories, net (6,194) (27,309) 32,526
Prepaid expenses and other current assets 869 (5,570) (6,659)
Customer deposits (4,294) (43,315) (9,555)
Accounts payable and accrued expenses (1,732) (8,787) 123
Accrued compensation and benefits (2,833) 948 (1,053)
Operating lease liabilities 32,981 31,013 33,588
Other assets and liabilities (58) 2,985 (2,877)
Net cash provided by operating activities 80,195 100,664 69,356
Cash Flows from Investing Activities      
Proceeds from sales of property, plant and equipment 49 9,914 10,613
Capital expenditures (9,606) (13,885) (13,387)
Purchases of investments (134,911) (234,949) (63,861)
Proceeds from sales of investments 124,477 137,397 52,664
Net cash used in investing activities (19,991) (101,523) (13,971)
Cash Flows from Financing Activities      
Payment of cash dividends (50,269) (46,357) (48,257)
Payment for debt issuance costs 0 0 (505)
Proceeds from employee stock plans 509 75 1,117
Taxes paid related to net share settlement of equity awards (2,150) (812) (843)
Payments on financing leases and other 421 497 512
Net cash used in financing activities (52,331) (47,591) (49,000)
Effect of exchange rate changes on cash and cash equivalents (279) 201 (110)
Net increase (decrease) in cash, cash equivalents and restricted cash 7,594 (48,249) 6,275
Cash, cash equivalents and restricted cash at beginning of period 62,622 110,871 104,596
Cash, cash equivalents and restricted cash at end of period 70,216 62,622 110,871
Supplemental Disclosure on Cash Flow Information      
Cash paid during the year for income taxes, net of refunds 19,947 41,933 28,795
Cash paid during the year for interest $ 58 $ 31 $ 25

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