Note 9 - Goodwill and Other Intangible Assets |
12 Months Ended | ||
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Jun. 30, 2019 | |||
Notes to Financial Statements | |||
Goodwill and Intangible Assets Disclosure [Text Block] |
At both June 30, 2019 and 2018, we had $25.4 million of goodwill and $19.7 million of other indefinite-lived intangible assets consisting of Ethan Allen trade names, all of which is in our wholesale segment.Both goodwill and indefinite-lived intangible assets are not amortized as they are estimated to have an indefinite life. We used a qualitative approach for our wholesale segment goodwill impairment test in fiscal 2019 due to the relative fair value of our reporting unit significantly exceeding the carrying value of the goodwill, as well as the operating performance of that respective reporting unit. Based on this qualitative assessment, we concluded that it is more likely than not that the fair value of our wholesale goodwill exceeded its carrying value.We also used a qualitative approach for our trade names impairment test in fiscal
2019 and concluded that it is more likely than not that the fair value of our trade name exceeded its carrying value. |