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

Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Leases (Tables)

Note 6 - Leases (Tables)

9 Months Ended

Mar. 31, 2022

Notes Tables

Lease, Cost [Table Text Block]

		March 31,
		2022				2021
Weighted average remaining lease term (in years)
Operating leases			5.9				6.3
Financing leases			1.9				2.9
Weighted average discount rate
Operating leases			4.1	%			4.2	%
Financing leases			2.2	%			2.3	%

			Three months ended March 31,								Nine months ended March 31,
	Statement of Comprehensive Income Location		2022				2021				2022				2021
Operating lease cost⁽¹⁾	Selling, general and administrative (“SG&A”) expenses		$	7,557			$	7,618			$	22,505			$	22,571
Financing lease cost
Depreciation of property	SG&A expenses			119				247				371				542
Interest on lease liabilities	Interest and other financing costs			5				9				18				16
Short-term lease cost⁽²⁾	SG&A expenses			361				180				978				667
Variable lease cost⁽³⁾	SG&A expenses			2,417				2,362				7,101				6,975
Less: Sublease income	SG&A expenses			(292	)			(411	)			(1,091	)			(1,303	)
Total lease expense			$	10,167			$	10,005			$	29,882			$	29,468

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

Fiscal Year		Operating Leases				Financing Leases
2022 (remaining three months)		$	8,460			$	123
2023			28,780				490
2024			23,678				320
2025			19,912				8
2026			16,189				-
Thereafter			36,572				-
Total undiscounted future minimum lease payments			133,591				941
Less: imputed interest			(16,165	)			(19	)
Total present value of lease obligations⁽¹⁾		$	117,426			$	922

Lease, Supplemental Lease Information [Table Text Block]

		Nine months ended March 31,
		2022				2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		$	25,027			$	25,923
Operating cash flows from financing leases		$	389			$	455
Operating lease assets obtained in exchange for operating lease liabilities		$	13,508			$	23,672