Ethan Allen Interiors Inc.

GAAP Reconciliation

Three and Six Months Ended December 31, 2007 and 2006

(in thousands, except per share amounts)

EXHIBIT 99.2

Three Months
Ended

December

Six Months
Ended
December

2007

2006

2007

2006

Net Income / Earnings Per Share

Net income

$ 20,622

$ 22,792

$ 38,126

$ 31,244

Add: restructuring and impairment charge, net of

   related tax effect

-

(198

-

8,561

Net income (excluding restructuring and impairment

   charge)

$ 20,622

$ 22,594

$ 38,126

$ 39,805

Earnings per basic share

$ 0.70

$ 0.72

$ 1.28

$ 0.98

Earnings per basic share (excluding restructuring and

   impairment charge)

$ 0.70

$ 0.71

$ 1.28

$ 1.25

Basic weighted average shares outstanding

29,391

31,737

29,738

31,776

Earnings per diluted share

$ 0.70

$ 0.70

$ 1.27

$ 0.96

Earnings per diluted share (excluding restructuring and

   impairment charge)

$ 0.70

$ 0.70

$ 1.27

$ 1.22

Diluted weighted average shares outstanding

29,542

32,503

30,003

32,567

Consolidated Operating Income / Operating Margin

Operating income

$ 33,497

$ 36,529

$ 61,294

$ 50,759

Add: restructuring and impairment charge

-

(314

-

13,622

Operating income (excluding restructuring and impairment

   charge)

$ 33,497

$ 36,215

$ 61,294

$ 64,381

Net sales

$ 259,510

$ 257,419

$ 508,237

$ 500,242

Operating margin

12.9%

14.2%

12.1%

10.1%

Operating margin (excluding restructuring and impairment

   charge)

12.9%

14.1%

12.1%

12.9%

Wholesale Operating Income / Operating Margin

Wholesale operating income

$ 26,376

$ 30,137

$ 53,156

$ 41,561

Add: restructuring and impairment charge

-

(314

-

13,622

Wholesale operating income (excluding restructuring and

impairment charge)

$ 26,376

$ 29,823

$ 53,156

$ 55,183

Wholesale net sales

$ 155,930

$ 165,661

$ 312,253

$ 321,302

Wholesale operating margin

16.9%

18.2%

17.0%

12.9%

Wholesale operating margin (excluding restructuring and

   impairment charge)

16.9%

18.0%

17.0%

17.2%

EBITDA

Net income

$ 20,622

$ 22,792

$ 38,126

$ 31,244

Add: interest expense (income), net

1,686

869

3,083

1,718

Add: income tax expense

12,112

13,397

22,392

18,469

Add: depreciation and amortization

6,149

5,819

12,086

11,423

EBITDA

$ 40,569

$ 42,877

$ 75,687

$ 62,854

Net sales

$ 259,510

$ 257,419

$ 508,237

$ 500,242

EBITDA as % of net sales

15.6%

16.7%

14.9%

12.6%

EBITDA

$ 40,569

$ 42,877

$ 75,687

$ 62,854

Add: restructuring and impairment charge

-

(314

-

13,622

EBITDA (excluding restructuring and impairment charge)

$ 40,569

$ 42,563

$ 75,687

$ 76,476

Net sales

$ 259,510

$ 257,419

$ 508,237

$ 500,242

EBITDA as % of net sales (excluding restructuring and
impairment charge)

15.6%

16.5%

14.9%

15.3%