Annual report pursuant to Section 13 and 15(d)

Note 4 - Revenue Recognition

v3.23.2
Note 4 - Revenue Recognition
12 Months Ended
Jun. 30, 2023
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 each fiscal year (in thousands):

 

   

Fiscal Year Ended June 30,

 
   

Wholesale

   

Retail

   

Eliminations(1)

   

Total

 

Upholstery(2)

  $ 224,272     $ 318,131     $ (163,589 )   $ 378,814  

Case goods(3)

    149,664       180,079       (93,022 )     236,721  

Accents(4)

    82,181       129,385       (64,153 )     147,413  

Other(5)

    (6,526 )     34,960       -       28,434  

Fiscal 2023

  $ 449,591     $ 662,555     $ (320,764 )   $ 791,382  
                                 

Upholstery(2)

  $ 262,592     $ 350,737     $ (188,661 )   $ 424,668  

Case goods(3)

    148,536       175,697       (96,110 )     228,123  

Accents(4)

    80,665       133,354       (71,193 )     142,826  

Other(5)

    (7,951 )     30,096       -       22,145  

Fiscal 2022

  $ 483,842     $ 689,884     $ (355,964 )   $ 817,762  
                                 

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  

Fiscal 2021

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

 

 

(1)

The Eliminations column in the table 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, flooring, wall coverings and home and garden furnishings.

 

 

(5)

Other includes 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.