Annual report pursuant to Section 13 and 15(d)

Note 9 - Goodwill and Other Intangible Assets

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Note 9 - Goodwill and Other Intangible Assets
12 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]
(
9
)
Goodwill and Other Intangible Assets
 
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.