Ethan Allen Interiors Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Leases (Tables)

Note 8 - Leases (Tables)

3 Months Ended

Sep. 30, 2020

Notes Tables

Lease, Cost [Table Text Block]

		September 30,
		2020				2019
Weighted-average remaining lease term (in years)
Operating leases			6.4				6.7
Financing leases			1.6				1.8
Weighted-average discount rate
Operating leases			4.2	%			3.7	%
Financing leases			4.4	%			4.6	%

			Three months ended September 30,
	Statement of Comprehensive Income Location		2020				2019
Operating lease cost⁽¹⁾	Selling, general and administrative (“SG&A”)		$	7,492			$	8,022
Financing lease cost
Depreciation of property	SG&A			151				146
Interest on lease liabilities	Interest (expense), net of interest income			5				9
Short-term lease cost⁽²⁾	SG&A			159				387
Variable lease cost⁽³⁾	SG&A			2,262				2,463
Less: Sublease income	SG&A			(438	)			(506	)
Total lease expense			$	9,631			$	10,521

Lessee, Leases, Liability, Maturity [Table Text Block]

Fiscal Year		Operating Leases				Financing Leases
2021 (remaining nine months)		$	24,305			$	306
2022			28,720				78
2023			22,333				39
2024			17,484				19
2025			13,952				8
Thereafter			39,581				-
Total undiscounted future minimum lease payments⁽¹⁾⁽²⁾			146,375				450
Less: imputed interest⁽³⁾			(19,515	)			(13	)
Total present value of lease obligations		$	126,860			$	437

Lease, Supplemental Lease Information [Table Text Block]

		Three months ended September 30,
		2020				2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		$	8,390			$	8,851
Operating cash flows from financing leases		$	148			$	147
Operating lease assets obtained in exchange for new operating lease liabilities		$	4,477			$	6,916