v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Jun. 30, 2020
ASSETS    
Cash and cash equivalents $ 104,596 $ 72,276
Accounts receivable, net 9,026 8,092
Inventories, net 143,978 126,101
Prepaid expenses and other current assets 37,679 23,483
Total current assets 295,279 229,952
Property, plant and equipment, net 231,446 236,678
Goodwill 25,388 25,388
Intangible assets 19,740 19,740
Operating lease right-of-use assets 108,730 109,342
Deferred income taxes 1,078 137
Other assets 1,584 1,552
TOTAL ASSETS 683,245 622,789
Current liabilities:    
Accounts payable and accrued expenses 37,786 25,595
Customer deposits and deferred revenues 130,635 64,031
Accrued compensation and benefits 23,866 18,278
Current operating lease liabilities 27,395 27,366
Other current liabilities 4,220 3,708
Total current liabilities 223,902 138,978
Long-term debt 0 50,000
Operating lease liabilities, long-term 97,911 102,111
Deferred income taxes 5,028 1,074
Other long-term liabilities 4,986 2,562
TOTAL LIABILITIES 331,827 294,725
Commitments and contingencies (See Note 20)
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; 49,240 and 49,053 shares issued; 25,237 and 25,053 shares outstanding at June 30, 2021 and 2020, respectively 492 491
Additional paid-in-capital 382,527 378,300
Treasury stock, at cost: 24,003 and 24,000 shares at June 30, 2021 and 2020, respectively (680,991) (680,916)
Retained earnings 655,346 638,631
Accumulated other comprehensive loss (5,931) (8,441)
Total Ethan Allen Interiors Inc. shareholders' equity 351,443 328,065
Noncontrolling interests (25) (1)
TOTAL SHAREHOLDERS' EQUITY 351,418 328,064
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 683,245 $ 622,789

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v3.21.2
Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Net sales $ 685,169 $ 589,837 $ 746,684
Cost of sales 292,062 266,705 337,193
Gross profit 393,107 323,132 409,491
Selling, general and administrative expenses 313,411 311,507 356,880
Restructuring and other impairment charges, net of gains 2,411 (3,019) 18,664
Operating income 77,285 14,644 33,947
Interest and other financing costs 481 739 425
Other income (expense), net (393) 284 338
Income before income taxes 76,411 14,189 33,860
Total income tax expense 16,406 5,289 8,162
Net income $ 60,005 $ 8,900 $ 25,698
Basic earnings per common share:      
Net income per basic share (in dollars per share) $ 2.38 $ 0.34 $ 0.96
Basic weighted average common shares (in shares) 25,265 26,044 26,695
Diluted earnings per common share:      
Net income per diluted share (in dollars per share) $ 2.37 $ 0.34 $ 0.96
Diluted weighted average common shares (in shares) 25,352 26,069 26,751
Comprehensive income      
Net income $ 60,005 $ 8,900 $ 25,698
Other comprehensive income (loss), net of tax      
Foreign curency translation adjustments 2,510 (2,790) 520
Other (24) (64) (76)
Other comprehensive income (loss), net of tax 2,486 (2,854) 444
Comprehensive income $ 62,491 $ 6,046 $ 26,142

Source

v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities      
Net income $ 60,005 $ 8,900 $ 25,698
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 16,385 16,859 19,530
Share-based compensation expense 1,268 334 121
Non-cash operating lease cost 29,944 31,995 0
Deferred income taxes 3,013 2,524 (3,511)
Restructuring and other impairment charges, net of gains 3,050 2,407 20,658
Restructuring payments (2,771) (9,067) (2,473)
Loss on disposal of property, plant and equipment 38 199 157
Other (115) 287 115
Change in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable, net (934) 6,020 (565)
Inventories, net (18,516) 33,341 957
Prepaid expenses and other current assets (13,654) (2,284) (2,155)
Customer deposits and deferred revenue 66,604 6,707 (4,924)
Accounts payable and accrued expenses 11,741 (7,975) 665
Accrued compensation and benefits 5,360 (1,358) 653
Operating lease liabilities (33,401) (34,765) 0
Other assets and liabilities 1,895 (1,428) 321
Net cash provided by operating activities 129,912 52,696 55,247
Cash Flows from Investing Activities      
Proceeds from the disposal of property, plant and equipment 4,913 12,423 1
Capital expenditures (12,029) (15,709) (9,120)
Acquisitions, net of cash acquired 0 (1,350) (534)
Other investing activities 0 20 153
Net cash used in investing activities (7,116) (4,616) (9,500)
Cash Flows from Financing Activities      
Borrowings on revolving credit facility 0 100,000 16,000
Payments on borrowings (50,000) (50,000) (16,000)
Repurchases of common stock (75) (24,319) (46)
Payment of cash dividends (43,290) (21,469) (46,990)
Proceeds from employee stock plans 2,961 53 842
Payments on financing leases and other (585) (568) (1,144)
Net cash (used in) provided by financing activities (90,989) 3,697 (47,338)
Effect of exchange rate changes on cash and cash equivalents 513 (325) 52
Net increase (decrease) in cash and cash equivalents 32,320 51,452 (1,539)
Cash and cash equivalents at beginning of period 72,276 20,824 22,363
Cash and cash equivalents at end of period 104,596 72,276 20,824
Supplemental Disclosure on Cash Flow Information      
Cash paid during the year for income taxes, net of refunds 10,921 6,006 13,339
Cash paid during the year for interest 352 538 306
Supplemental Disclosure on Non-Cash Information      
Dividends declared, not paid $ 0 $ 0 $ 5,075

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