EXHIBIT 99.2

Ethan Allen Interiors Inc.
GAAP Reconciliation
Three and Six Months Ended December 31, 2006 and 2005
(in thousands, except per share amounts)

  Three Months Ended
December
Six Months Ended
December
  2006

2005
2006
2005
Net Income / Earnings Per Share                    
Net income   $ 22,792   $ 26,164   $ 31,244   $ 43,294  
Add: restructuring and impairment charge (credit), net of
  related tax effect
    (198 )  -    8,561    2,612  




Net income (excluding restructuring and impairment
  charge (credit))
   $ 22,594   $ 26,164   $ 39,805   $ 45,906  




Earnings per basic share   $ 0.72   $ 0.79   $ 0.98   $ 1.29  




Earnings per basic share (excluding restructuring
  and impairment charge (credit))
   $ 0.71   $ 0.79   $ 1.25   $ 1.37  




Basic weighted average shares outstanding     31,737    33,078    31,776    33,499  

Earnings per diluted share
   $ 0.70   $ 0.77   $ 0.96   $ 1.26  




Earnings per diluted share (excluding restructuring
  and impairment charge (credit))
   $ 0.70   $ 0.77   $ 1.22   $ 1.34  




Diluted weighted average shares outstanding    32,503    33,845    32,567    34,236  

Consolidated Operating Income / Operating Margin
  
Operating income   $ 36,529   $ 44,288   $ 50,759   $ 72,482  
Add: restructuring and impairment charge (credit)    (314 )  -    13,622    4,241  




Operating income (excluding restructuring and
  impairment charge (credit))
   $ 36,215   $ 44,288   $ 64,381   $ 76,723  




Net sales   $ 257,419   $ 276,003   $ 500,242   $ 527,317  




Operating margin    14.2 %  16.0 %  10.1 %  13.7 %




Operating margin (excluding restructuring and
  impairment charge (credit))
    14.1 %  16.0 %  12.9 %  14.5 %




Wholesale Operating Income / Operating Margin  
Wholesale operating income   $ 30,137   $ 33,494   $ 41,561   $ 63,309  
Add: restructuring and impairment charge (credit)    (314 )  -    13,622    4,241  




Wholesale operating income (excluding restructuring
  and impairment charge (credit))
   $ 29,823   $ 33,494   $ 55,183   $ 67,550  




Wholesale net sales   $ 165,661   $ 187,535   $ 321,302   $ 365,961  




Wholesale operating margin    18.2 %  17.9 %  12.9 %  17.3 %




Wholesale operating margin (excluding restructuring
  and impairment charge (credit))
    18.0 %  17.9 %  17.2 %  18.5 %




EBITDA  
Net income   $ 22,792   $ 26,164   $ 31,244   $ 43,294  
Add: interest expense (income), net    869    1,505    1,718    1,560  
Add: income tax expense    13,397    16,311    18,469    26,989  
Add: depreciation and amortization    5,819    5,535    11,423    10,855  




EBITDA   $ 42,877   $ 49,515   $ 62,854   $ 82,698  




Net sales   $ 257,419   $ 276,003   $ 500,242   $ 527,317  




EBITDA as % of net sales     16.7 %  17.9 %  12.6 %  15.7 %




EBITDA   $ 42,877   $ 49,515   $ 62,854   $ 82,698  
Add: restructuring and impairment charge (credit)    (314 )  -    13,622    4,241  




EBITDA (excluding restructuring and impairment charge (credit))   $ 42,563   $ 49,515   $ 76,476   $ 86,939  




Net sales   $ 257,419   $ 276,003   $ 500,242   $ 527,317  




EBITDA as % of net sales (excluding
      restructuring and impairment charge (credit))
    16.5 %  17.9 %  15.3 %  16.5 %