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)

6 Months Ended

Dec. 31, 2020

Notes Tables

Lease, Cost [Table Text Block]

		December 31,
		2020				2019
Weighted-average remaining lease term (in years)
Operating leases			6.6				6.7
Financing leases			1.7				1.9
Weighted-average discount rate
Operating leases			4.3	%			3.7	%
Financing leases			4.3	%			4.4	%

			Three months ended December 31,
	Statement of Comprehensive Income Location		2020				2019
Operating lease cost⁽¹⁾	Selling, general and administrative (“SG&A”)		$	7,461			$	8,169
Financing lease cost
Depreciation of property	SG&A			144				146
Interest on lease liabilities	Interest and other financing costs			3				8
Short-term lease cost⁽²⁾	SG&A			240				355
Variable lease cost⁽³⁾	SG&A			2,351				2,373
Less: Sublease income	SG&A			(454	)			(596	)
Total lease expense			$	9,745			$	10,455

			Six months ended December 31,
	Statement of Comprehensive Income Location		2020				2019
Operating lease cost⁽¹⁾	SG&A		$	14,953			$	16,191
Financing lease cost
Depreciation of property	SG&A			295				293
Interest on lease liabilities	Interest and other financing costs			8				17
Short-term lease cost⁽²⁾	SG&A			480				742
Variable lease cost⁽³⁾	SG&A			4,613				4,836
Less: Sublease income	SG&A			(892	)			(1,102	)
Total lease expense			$	19,457			$	20,977

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

Fiscal Year		Operating Leases				Financing Leases
2021 (remaining six months)		$	16,408			$	160
2022			29,552				78
2023			23,147				39
2024			18,374				19
2025			14,961				8
Thereafter			45,640				-
Total undiscounted future minimum lease payments⁽¹⁾⁽²⁾			148,082				304
Less: imputed interest⁽³⁾			(20,541	)			(9	)
Total present value of lease obligations		$	127,541			$	295

Lease, Supplemental Lease Information [Table Text Block]

		Six months ended December 31,
		2020				2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		$	16,706			$	16,037
Operating cash flows from financing leases		$	290			$	278
Operating lease assets obtained in exchange for operating lease liabilities		$	12,102			$	14,326