v3.22.2.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 92,878 $ 109,919
Investments 49,566 11,199
Accounts receivable, net 8,607 17,019
Inventories, net 167,656 176,504
Prepaid expenses and other current assets 32,987 32,108
Total current assets 351,694 346,749
Property, plant and equipment, net 221,779 223,530
Goodwill 25,388 25,388
Intangible assets 19,740 19,740
Operating lease right-of-use assets 99,500 100,782
Deferred income taxes 1,019 820
Other assets 2,729 2,886
Total ASSETS 721,849 719,895
Current liabilities:    
Accounts payable and accrued expenses 36,744 37,370
Customer deposits 108,888 121,080
Accrued compensation and benefits 19,955 22,700
Current operating lease liabilities 24,972 25,705
Other current liabilities 17,731 8,788
Total current liabilities 208,290 215,643
Operating lease liabilities, long-term 88,776 89,506
Deferred income taxes 3,769 4,418
Other long-term liabilities 5,275 3,005
Total LIABILITIES 306,110 312,572
Commitments and contingencies (see Note 18)
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, 49,415 and 49,360 shares issued; 25,347 and 25,323 shares outstanding at September 30, 2022 and June 30, 2022, respectively 494 494
Additional paid-in capital 385,051 384,782
Treasury stock, at cost: 24,068 and 24,037 shares at September 30, 2022 and June 30, 2022, respectively (682,599) (681,834)
Retained earnings 719,370 710,369
Accumulated other comprehensive loss (6,544) (6,462)
Total Ethan Allen Interiors Inc. shareholders' equity 415,772 407,349
Noncontrolling interests (33) (26)
Total SHAREHOLDERS' EQUITY 415,739 407,323
Total LIABILITIES AND SHAREHOLDERS' EQUITY $ 721,849 $ 719,895

Source

v3.22.2.2
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Net sales $ 214,530 $ 182,327
Cost of sales 84,914 73,135
Gross profit 129,616 109,192
Selling, general and administrative expenses 91,962 81,577
Restructuring and other impairment charges, net of gains (1,996) 255
Operating income 39,650 27,360
Interest expense and other financing costs 55 48
Interest and other income, net 396 28
Income before income taxes 39,991 27,340
Income tax expense 10,111 7,187
Net income $ 29,880 $ 20,153
Basic earnings per common share:    
Net income per basic share (in dollars per share) $ 1.17 $ 0.79
Basic weighted average common shares (in shares) 25,458 25,375
Diluted earnings per common share:    
Net income per diluted share (in dollars per share) $ 1.17 $ 0.79
Diluted weighted average common shares (in shares) 25,560 25,451
Comprehensive income    
Net income $ 29,880 $ 20,153
Other comprehensive loss, net of tax    
Foreign currency translation adjustments (226) (653)
Other income 137 1
Other comprehensive loss, net of tax (89) (652)
Comprehensive income $ 29,791 $ 19,501

Source

v3.22.2.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Net income $ 29,880 $ 20,153
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,857 4,325
Share-based compensation expense 268 277
Non-cash operating lease cost 7,802 7,473
Deferred income taxes (848) 751
Restructuring and other impairment charges, net of gains (1,996) 255
Restructuring payments (238) (417)
Loss on disposal of property, plant and equipment 36 5
Other 331 (10)
Change in operating assets and liabilities    
Accounts receivable, net 8,412 1,084
Inventories, net 8,848 (14,757)
Prepaid expenses and other current assets (639) (2,808)
Customer deposits (12,192) 9,563
Accounts payable and accrued expenses (668) (1,184)
Accrued compensation and benefits (2,711) (3,971)
Operating lease liabilities (8,230) (8,521)
Other assets and liabilities 6,510 4,771
Net cash provided by operating activities 38,422 16,989
Cash Flows from Investing Activities    
Proceeds from sales of property, plant and equipment 8,103 0
Capital expenditures (3,179) (1,529)
Purchases of investments (64,953) 0
Proceeds from sales of investments 26,504 0
Net cash used in investing activities (33,525) (1,529)
Cash Flows from Financing Activities    
Payment of cash dividends (20,879) (25,372)
Taxes paid related to net share settlement of equity awards (765) (778)
Payments on financing leases (133) (132)
Net cash used in financing activities (21,777) (26,282)
Effect of exchange rate changes on cash and cash equivalents (273) (109)
Net decrease in cash, cash equivalents and restricted cash (17,153) (10,931)
Cash, cash equivalents and restricted cash at beginning of period 110,871 104,596
Cash, cash equivalents and restricted cash at end of period $ 93,718 $ 93,665

Source