v3.20.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Jun. 30, 2020
ASSETS    
Cash and cash equivalents $ 61,973 $ 72,276
Accounts receivable, net 13,241 8,092
Inventories, net 127,047 126,101
Prepaid expenses and other current assets 30,200 23,483
Total current assets 232,461 229,952
Property, plant and equipment, net 234,877 236,678
Goodwill 25,388 25,388
Intangible assets 19,740 19,740
Operating lease right-of-use assets 107,690 109,342
Deferred income taxes 774 137
Other assets 1,591 1,552
Total ASSETS 622,521 622,789
Current liabilities:    
Accounts payable and accrued expenses 33,706 25,595
Customer deposits and deferred revenue 89,908 64,031
Accrued compensation and benefits 24,261 18,278
Current operating lease liabilities 29,706 27,366
Other current liabilities 10,308 3,708
Total current liabilities 187,889 138,978
Long-term debt 0 50,000
Operating lease liabilities, long-term 97,154 102,111
Deferred income taxes 286 1,074
Other long-term liabilities 4,261 2,562
Total LIABILITIES 289,590 294,725
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, 49,053 shares issued; 25,053 shares outstanding at September 30, 2020 and June 30, 2020, respectively 491 491
Additional paid-in capital 378,554 378,300
Treasury stock, at cost: 24,000 shares at September 30, 2020 and June 30, 2020, respectively (680,916) (680,916)
Retained earnings 642,697 638,631
Accumulated other comprehensive loss (7,885) (8,441)
Total Ethan Allen Interiors Inc. shareholders' equity 332,941 328,065
Noncontrolling interests (10) (1)
Total shareholders' equity 332,931 328,064
Total LIABILITIES AND SHAREHOLDERS' EQUITY $ 622,521 $ 622,789

Source

v3.20.2
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Net sales $ 151,058 $ 173,921
Cost of sales 65,288 80,127
Gross profit 85,770 93,794
Selling, general and administrative expenses 73,466 86,010
Restructuring and other impairment charges, net of gains 623 (10,857)
Operating income 11,681 18,641
Interest (expense), net of interest income (440) 19
Income before income taxes 11,241 18,660
Provision for income taxes 1,888 4,554
Net income $ 9,353 $ 14,106
Basic earnings per common share:    
Net income per basic share (in dollars per share) $ 0.37 $ 0.53
Basic weighted average common shares (in shares) 25,179 26,713
Diluted earnings per common share:    
Net income per diluted share (in dollars per share) $ 0.37 $ 0.53
Diluted weighted average common shares (in shares) 25,206 26,750
Comprehensive income    
Net income $ 9,353 $ 14,106
Other comprehensive income (loss), net of tax    
Foreign currency translation adjustments 556 (499)
Other (9) (7)
Other comprehensive income (loss), net of tax 547 (506)
Comprehensive income $ 9,900 $ 13,600

Source

v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities    
Net income $ 9,353 $ 14,106
Depreciation and amortization 4,140 3,976
Share-based compensation expense 254 151
Non-cash operating lease cost 7,492 8,022
Deferred income taxes (1,425) 564
Restructuring and other impairment charges, net of gains 623 (6,717)
Restructuring payments (59) (4,071)
Loss on disposal of property, plant and equipment 0 9
Other (36) 79
Change in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net (5,149) 1,767
Inventories, net (946) 8,999
Prepaid expenses and other current assets (6,717) (3,980)
Customer deposits and deferred revenue 25,877 7,943
Accounts payable and accrued expenses 8,111 (4,763)
Accrued compensation and benefits 6,042 2,734
Operating lease liabilities (8,390) (8,066)
Other assets and liabilities 3,020 2,643
Net cash provided by operating activities 42,190 23,396
Cash Flows from Investing Activities    
Proceeds from disposal of property, plant and equipment 0 11,615
Capital expenditures (2,439) (3,414)
Acquisitions, net of cash acquired 0 (1,281)
Other investing activities 0 20
Net cash (used in) provided by investing activities (2,439) 6,940
Cash Flows from Financing Activities    
Payments on borrowings (50,000) 0
Payment of cash dividends 0 (5,075)
Other financing activities (148) (119)
Net cash used in financing activities (50,148) (5,194)
Effect of exchange rate changes on cash and cash equivalents 94 (90)
Net (decrease) increase in cash and cash equivalents (10,303) 25,052
Cash and cash equivalents at beginning of period 72,276 20,824
Cash and cash equivalents at end of period $ 61,973 $ 45,876

Source