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

Quarterly report pursuant to Section 13 or 15(d)

Note 15 - Financial Information About the Parent, the Issuer and the Guarantors (Tables)

Note 15 - Financial Information About the Parent, the Issuer and the Guarantors (Tables)

6 Months Ended

Dec. 31, 2012

Condensed Consolidating Balance Sheet [Table Text Block]

	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	49,220		$	5,316		$	2,731		$	-		$	57,267
Marketable securities		-		17,869			-			-			-			17,869
Accounts receivable, net		-		10,861			276			-			-			11,137
Inventories		-		-			165,051			5,006			(27,672	)		142,385
Prepaid expenses and other current assets		-		7,355			10,801			2,102			-			20,258
Intercompany receivables		-		852,131			284,679			(8,892	)		(1,127,918	)		-
Total current assets		-		937,436			466,123			947			(1,155,590	)		248,916
Property, plant and equipment, net		-		9,750			273,562			15,841			-			299,153
Goodwill and other intangible assets		-		37,905			7,223			-			-			45,128
Restricted cash and investments		-		15,427			-			-			-			15,427
Other assets		-		5,148			1,604			-			-			6,752
Investment in affiliated companies		673,506		(109,636	)		-			-			(563,870	)		-
Total assets	$	673,506	$	896,030		$	748,512		$	16,788		$	(1,719,460	)	$	615,376
Liabilities and Shareholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	-	$	-		$	466		$	-		$	-		$	466
Customer deposits		-		-			44,192			2,484			-			46,676
Accounts payable		-		3,943			11,908			483			-			16,334
Accrued expenses and other current liabilities		126		35,887			15,661			1,208			-			52,882
Intercompany payables		347,719		(720	)		768,708			12,211			(1,127,918	)		-
Total current liabilities		347,845		39,110			840,935			16,386			(1,127,918	)		116,358
Long-term debt		-		153,047			1,824			-			-			154,871
Other long-term liabilities		-		3,650			14,725			111			-			18,486
Total liabilities		347,845		195,807			857,484			16,497			(1,127,918	)		289,715
Shareholders’ equity		325,661		700,223			(108,972	)		291			(591,542	)		325,661
Total liabilities and shareholders’ equity	$	673,506	$	896,030		$	748,512		$	16,788		$	(1,719,460	)	$	615,376

	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	64,946		$	12,276		$	2,499		$	-			79,721
Marketable securities		-		9,005			-			-			-			9,005
Accounts receivable, net		-		14,648			263			8			-			14,919
Inventories		-		-			182,382			4,736			(31,379	)		155,739
Prepaid expenses and other current assets		-		6,191			14,689			2,528			-			23,408
Intercompany receivables		-		829,913			273,536			(8,515	)		(1,094,934	)		-
Total current assets		-		924,703			483,146			1,256			(1,126,313	)		282,792
Property, plant and equipment, net		-		9,078			272,228			14,389			-			295,695
Goodwill and other intangible assets		-		37,905			7,223			-			-			45,128
Restricted cash and investments		-		15,416			-			-			-			15,416
Other assets		-		4,948			809			-			-			5,757
Investment in affiliated companies		652,868		(108,864	)		-			-			(544,004	)		-
Total assets	$	652,868	$	883,186		$	763,406		$	15,645		$	(1,670,317	)	$	644,788
Liabilities and Shareholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	-	$	-		$	250		$	-		$	-		$	250
Customer deposits		-		-			62,479			2,986			-			65,465
Accounts payable		-		7,126			19,695			494			-			27,315
Accrued expenses and other current liabilities		2,713		35,752			18,537			1,045			-			58,047
Intercompany payables		328,287		327			756,513			9,807			(1,094,934	)		-
Total current liabilities		331,000		43,205			857,474			14,332			(1,094,934	)		151,077
Long-term debt		-		152,986			1,264			-			-			154,250
Other long-term liabilities		-		3,641			13,874			78			-			17,593
Total liabilities		331,000		199,832			872,612			14,410			(1,094,934	)		322,920
Shareholders’ equity		321,868		683,354			(109,206	)		1,235			(575,383	)		321,868
Total liabilities and shareholders’ equity	$	652,868	$	883,186		$	763,406		$	15,645		$	(1,670,317	)	$	644,788

Condensed Consolidating Statement of Operations [Table Text Block]

	Parent			Issuer		Guarantors		Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	107,768	$	201,661	$	10,149		$	(128,327	)	$	191,251
Cost of sales		-			81,997		130,553		6,128			(131,394	)		87,284
Gross profit		-			25,771		71,108		4,021			3,067			103,967
Selling, general and administrative expenses		45			12,112		69,884		4,569			-			86,610
Total operating expenses		45			12,112		69,884		4,569			-			86,610
Operating income (loss)		(45	)		13,659		1,224		(548	)		3,067			17,357
Interest and other miscellaneous income, net		9,891			83		31		(34	)		(9,843	)		128
Interest and other related financing costs		-			2,183		15		-			-			2,198
Income before income tax expense		9,846			11,559		1,240		(582	)		(6,776	)		15,287
Income tax expense		-			4,735		683		23			-			5,441
Net income/(loss)	$	9,846		$	6,824	$	557	$	(605	)	$	(6,776	)	$	9,846

	Parent			Issuer			Guarantors			Non-Guarantors		Eliminations			Consolidated
Net sales	$	-		$	106,087		$	196,556		$	8,533	$	(127,901	)	$	183,275
Cost of sales		-			78,863			130,514			4,503		(128,824	)		85,056
Gross profit		-			27,224			66,042			4,030		923			98,219
Selling, general and administrative expenses		45			10,699			70,146			3,391		-			84,281
Total operating expenses		45			10,699			70,146			3,391		-			84,281
Operating income (loss)		(45	)		16,525			(4,104	)		639		923			13,938
Interest and other miscellaneous income, net		8,122			(3,451	)		89			6		(4,621	)		145
Interest and other related financing costs		-			2,274			-			-		-			2,274
Income before income tax expense		8,077			10,800			(4,015	)		645		(3,698	)		11,809
Income tax expense		-			3,601			124			7		-			3,732
Net income/(loss)	$	8,077		$	7,199		$	(4,139	)	$	638	$	(3,698	)	$	8,077

	Parent			Issuer			Guarantors		Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	219,392		$	405,611	$	19,729		$	(266,044	)	$	378,688
Cost of sales		-			165,802			262,482		11,935			(269,751	)		170,468
Gross profit		-			53,590			143,129		7,794			3,707			208,220
Selling, general and administrative expenses		90			22,354			141,806		8,659			-			172,909
Total operating expenses		90			22,354			141,806		8,659			-			172,909
Operating income (loss)		(90	)		31,236			1,323		(865	)		3,707			35,311
Interest and other miscellaneous income, net		20,000			(519	)		25		(75	)		(19,229	)		202
Interest and other related financing costs		-			4,366			31		-			-			4,397
Income before income tax expense		19,910			26,351			1,317		(940	)		(15,522	)		31,116
Income tax expense		-			10,058			1,102		46			-			11,206
Net income/(loss)	$	19,910		$	16,293		$	215	$	(986	)	$	(15,522	)	$	19,910

	Parent			Issuer			Guarantors			Non-Guarantors		Eliminations			Consolidated
Net sales	$	-		$	222,563		$	391,376		$	17,428	$	(263,171	)	$	368,196
Cost of sales		-			166,387			259,697			9,636		(263,628	)		172,092
Gross profit		-			56,176			131,679			7,792		457			196,104
Selling, general and administrative expenses		90			22,458			139,144			6,836		-			168,528
Total operating expenses		90			22,458			139,144			6,836		-			168,528
Operating income (loss)		(90	)		33,718			(7,465	)		956		457			27,576
Interest and other miscellaneous income, net		14,937			(6,510	)		145			6		(8,373	)		205
Interest and other related financing costs		-			4,625			-			-		-			4,625
Income before income tax expense		14,847			22,583			(7,320	)		962		(7,916	)		23,156
Income tax expense		-			8,103			170			36		-			8,309
Net income/(loss)	$	14,847		$	14,480		$	(7,490	)	$	926	$	(7,916	)	$	14,847

Condensed Consolidating Statement Of Cash Flows [Table Text Block]

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	19,284		$	(5,033	)	$	2,258		$	1,671		$	-	$	18,180
Cash flows from investing activities:
Capital expenditures		-			(1,758	)		(10,261	)		(1,546	)		-		(13,565	)
Acquisitions		-			-			(598	)		-			-		(598	)
Proceeds from the disposal of property, plant and equipment		-			51			1,215			-			-		1,266
Change in restricted cash and investments		-			(11	)		-			-			-		(11	)
Purchase of marketable securities		-			(13,816	)		-			-			-		(13,816	)
Proceeds from the sale of marketable securities		-			4,740			-			-			-		4,740
Other		-			101			550			-			-		651
Net cash provided by (used in) investing activities		-			(10,693	)		(9,094	)		(1,546	)		-		(21,333	)
Cash flows from financing activities:
Payments on long-term debt		-			-			(124	)		-			-		(124	)
Dividends paid		(19,617	)		-			-			-			-		(19,617	)
Other		333			-			-			-			-		333
Net cash provided by (used in) financing activities		(19,284	)		-			(124	)		-			-		(19,408	)
Effect of exchange rate changes on cash		-			-			-			107			-		107
Net decrease in cash and cash equivalents		-			(15,726	)		(6,960	)		232			-		(22,454	)
Cash and cash equivalents – beginning of period		-			64,946			12,276			2,499			-		79,721
Cash and cash equivalents – end of period	$	-		$	49,220		$	5,316		$	2,731		$	-	$	57,267

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated
Net cash provided by operating activities	$	4,856		$	(1,586	)	$	4,833		$	2,862		$	-	$	10,965
Cash flows from investing activities:
Capital expenditures		-			(1,036	)		(9,224	)		(1,132	)		-		(11,392	)
Proceeds from the disposal of property, plant and equipment		-			68			1,724			-			-		1,792
Change in restricted cash and investments		-			989			-			-			-		989
Purchase of marketable securities		-			(2,108	)		-			-			-		(2,108	)
Proceeds from the sale of marketable securities		-			3,825			-			-			-		3,825
Other		-			258			511			-			-		769
Net cash used in investing activities		-			1,996			(6,989	)		(1,132	)		-		(6,125	)
Cash flows from financing activities:
Payments on long-term debt		-			(11,918	)		(210	)		-			-		(12,128	)
Dividends paid		(4,031	)		-			-			-			-		(4,031	)
Purchases and other retirements of company stock		(847	)		-			-			-			-		(847	)
Other		22			-			275			-			-		297
Net cash used in financing activities		(4,856	)		(11,918	)		65			-			-		(16,709	)
Effect of exchange rate changes on cash		-			-			-			(298	)		-		(298	)
Net increase (decrease) in cash and cash equivalents		-			(11,508	)		(2,091	)		1,432			-		(12,167	)
Cash and cash equivalents – beginning of period		-			69,763			7,716			1,040			-		78,519
Cash and cash equivalents – end of period	$	-		$	58,255		$	5,625		$	2,472		$	-	$	66,352