Annual report pursuant to Section 13 and 15(d)

Note 4 - Revenue Recognition

v3.21.2
Note 4 - Revenue Recognition
12 Months Ended
Jun. 30, 2021
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

(4)

Revenue Recognition

 

The following table disaggregates our net sales by product category by segment for fiscal 2021 (in thousands):

 

   

Wholesale

   

Retail

   

Eliminations(1)

   

Total

 

Upholstery(2)

  $ 217,517     $ 275,887     $ (144,268 )   $ 349,136  

Case goods(3)

    126,690       149,912       (79,206 )     197,396  

Accents(4)

    75,572       115,578       (59,404 )     131,746  

Other(5)

    (6,703 )     13,594       -       6,891  

Total

  $ 413,076     $ 554,971     $ (282,878 )   $ 685,169  

 

The following table disaggregates our net sales by product category by segment for fiscal 2020 (in thousands):

 

   

Wholesale

   

Retail

   

Eliminations(1)

   

Total

 

Upholstery(2)

  $ 164,059     $ 213,903     $ (101,237 )   $ 276,725  

Case goods(3)

    115,040       129,839       (61,164 )     183,715  

Accents(4)

    61,405       102,994       (48,510 )     115,889  

Other(5)

    (2,556 )     16,064       -       13,508  

Total

  $ 337,948     $ 462,800     $ (210,911 )   $ 589,837  

 

The following table disaggregates our net sales by product category by segment for fiscal 2019 (in thousands):

 

   

Wholesale

   

Retail

   

Eliminations(1)

   

Total

 

Upholstery(2)

  $ 216,460     $ 263,744     $ (133,807 )   $ 346,397  

Case goods(3)

    151,999       172,293       (85,409 )     238,883  

Accents(4)

    77,978       130,325       (65,480 )     142,823  

Other(5)

    (4,886 )     23,467       -       18,581  

Total

  $ 441,551     $ 589,829     $ (284,696 )   $ 746,684  

 

 

(1)

The Eliminations column in the tables above represents the elimination of all intercompany wholesale segment sales to the retail segment in each period presented.

 

 

(2)

Upholstery includes fabric-covered items such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics and leather.

 

 

(3)

Case goods includes items such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents.

 

 

(4)

Accents includes items such as window treatments and drapery hardware, wall décor, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings and home and garden furnishings.

 

 

(5)

Other includes membership revenue, product delivery sales, the Ethan Allen Hotel revenues, sales of third-party furniture protection plans and other miscellaneous product sales less prompt payment discounts, sales allowances and other incentives.