Ethan Allen Interiors Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 20 - Financial Information About the Parent, the Issuer and the Guarantors (Tables)

Note 20 - Financial Information About the Parent, the Issuer and the Guarantors (Tables)

12 Months Ended

Jun. 30, 2013

Disclosure Text Block Supplement [Abstract]

Condensed Consolidating Balance Sheet [Table Text Block]

	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	57,307		$	12,463		$	2,831		$	-		$	72,601
Marketable securities		-		15,529			-			-			-			15,529
Accounts receivable, net		-		12,061			212			4			-			12,277
Inventories		-		-			161,683			5,463			(29,890	)		137,256
Prepaid expenses and other current assets		-		9,882			11,275			1,750			-			22,907
Intercompany receivables		-		831,238			302,577			(3,726	)		(1,130,089	)		-
Total current assets		-		926,017			488,210			6,322			(1,159,979	)		260,570
Property, plant and equipment, net		-		9,432			265,698			16,542			-			291,672
Goodwill and other intangible assets		-		37,905			7,223			-			-			45,128
Restricted cash and investments		-		15,433			-			-			-			15,433
Other assets		-		2,188			1,488			806			-			4,482
Investment in affiliated companies		686,451		(111,647	)		-			-			(574,804	)		-
Total assets	$	686,451	$	879,328		$	762,619		$	23,670		$	(1,734,783	)	$	617,285
Liabilities and Shareholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	-	$	-		$	480		$	-		$	-		$	480
Customer deposits		-		-			56,030			3,068			-			59,098
Accounts payable		-		7,390			15,097			508			-			22,995
Accrued expenses and other current liabilities		2,720		29,710			16,683			1,253			-			50,366
Intercompany payables		349,374		(7,460	)		766,039			22,136			(1,130,089	)		-
Total current liabilities		352,094		29,640			854,329			26,965			(1,130,089	)		132,939
Long-term debt		-		129,152			1,657			-			-			130,809
Other long-term liabilities		-		4,492			14,355			333			-			19,180
Total liabilities		352,094		163,284			870,341			27,298			(1,130,089	)		282,928
Shareholders’ equity		334,357		716,044			(107,722	)		(3,628	)		(604,694	)		334,357
Total liabilities and shareholders’ equity	$	686,451	$	879,328		$	762,619		$	23,670		$	(1,734,783	)	$	617,285

	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	$	-		$	434,741		$	796,194	$	38,181		$	(540,033	)	$	729,083
Cost of sales		-			327,723			520,570		23,963			(541,522	)		330,734
Gross profit		-			107,018			275,624		14,218			1,489			398,349

Selling, general and administrative expenses		180			46,620			272,794		18,318			-			337,912
Operating income (loss)		(180	)		60,398			2,830		(4,100	)		1,489			60,437

Interest and other miscellaneous income, net		32,658			(4,229	)		38		(75	)		(29,877	)		(1,485	)
Interest and other related financing costs		-			8,709			69		-			-			8,778
Income before income tax expense		32,478			47,460			2,799		(4,175	)		(28,388	)		50,174
Income tax expense (benefit)		-			16,291			1,320		85			-			17,696

Net income/(loss)	$	32,478		$	31,169		$	1,479	$	(4,260	)	$	(28,388	)	$	32,478

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	456,895		$	787,295		$	33,417		$	(548,234	)	$	729,373
Cost of sales		-			341,365			523,064			19,311			(544,655	)		339,085
Gross profit		-			115,530			264,231			14,106			(3,579	)		390,288

Selling, general and administrative expenses		180			45,690			280,480			14,241			-			340,591
Operating income (loss)		(180	)		69,840			(16,249	)		(135	)		(3,579	)		49,697

Interest and other miscellaneous income, net		49,874			(15,403	)		216			17			(34,142	)		562
Interest and other related financing costs		-			8,997			23			-			-			9,020
Income before income tax expense		49,694			45,440			(16,056	)		(118	)		(37,721	)		41,239
Income tax expense (benefit)		-			(8,013	)		(523	)		81			-			(8,455	)

Net income/(loss)	$	49,694		$	53,453		$	(15,533	)	$	(199	)	$	(37,721	)	$	49,694

	Parent			Issuer			Guarantors			Non-Guarantors		Eliminations			Consolidated
Net sales	$	-		$	423,458		$	718,660		$	29,861	$	(493,019	)	$	678,960
Cost of sales		-			321,706			481,814			16,198		(490,218	)		329,500
Gross profit		-			101,752			236,846			13,663		(2,801	)		349,460

Selling, general and administrative expenses		180			43,791			260,665			12,891		-			317,527
Operating income (loss)		(180	)		57,961			(23,819	)		772		(2,801	)		31,933

Interest and other miscellaneous income, net		29,430			(17,842	)		232			5		(6,261	)		5,564
Interest and other related financing costs		-			10,847			279			-		-			11,126
Income before income tax expense		29,250			29,272			(23,866	)		777		(9,062	)		26,371
Income tax expense (benefit)		-			(2,959	)		-			80		-			(2,879	)

Net income/(loss)	$	29,250		$	32,231		$	(23,866	)	$	697	$	(9,062	)	$	29,250

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated
Net cash provided by operating activities	$	20,821		$	24,720		$	12,336		$	3,424		$	-	$	61,301
Cash flows from investing activities:
Capital expenditures		-			(1,320	)		(14,847	)		(2,838	)		-		(19,005	)
Acquisitions		-			-			(770	)		-			-		(770	)
Proceeds from the disposal of property, plant and equipment		-			61			3,222			-			-		3,283
Change in restricted cash and investments		-			(17	)		-			-			-		(17	)
Purchase of marketable securities		-			(18,247	)		-			-			-		(18,247	)
Proceeds from the sale of marketable securities		-			11,165			-			-			-		11,165
Other		-			1,440			550			-			-		1,990
Net cash used in investing activities		-			(6,918	)		(11,845	)		(2,838	)		-		(21,601	)

Cash flows from financing activities:
Payments on long-term debt		-			(25,800	)		(304	)		-			-		(26,104	)
Purchases and other retirements of company stock		-			-			-			-			-		-
Dividends paid		(22,220	)		-			-			-			-		(22,220	)
Other		1,399			359			-			-			-		1,758
Net cash used in financing activities		(20,821	)		(25,441	)		(304	)		-			-		(46,566	)

Effect of exchange rate changes on cash		-			-			-			(254	)		-		(254	)

Net increase (decrease) in cash and cash equivalents		-			(7,639	)		187			332			-		(7,120	)

Cash and cash equivalents – beginning of period		-			64,946			12,276			2,499			-		79,721

Cash and cash equivalents – end of period	$	-		$	57,307		$	12,463		$	2,831		$	-	$	72,601

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated
Net cash provided by operating activities	$	9,187		$	3,939		$	18,441		$	6,134		$	-	$	37,701
Cash flows from investing activities:
Capital expenditures		-			(1,952	)		(15,721	)		(5,211	)		-		(22,884	)
Acquisitions		-			-			(520	)		-			-		(520	)
Proceeds from the disposal of property, plant and equipment		-			12			1,861			-			-		1,873
Change in restricted cash and investments		-			975			-			-			-		975
Purchase of marketable securities		-			(3,647	)		-			-			-		(3,647	)
Proceeds from the sale of marketable securities		-			7,230			-			-			-		7,230
Other		-			305			511			-			-		816
Net cash provided by (used in) investing activities		-			2,923			(13,869	)		(5,211	)		-		(16,157	)

Cash flows from financing activities:
Payments on long-term debt		-			(11,917	)		(287	)		-			-		(12,204	)
Purchases and other retirements of company stock		(1,350	)		-			-			-			-		(1,350	)
Dividends paid		(8,062	)		-			-			-			-		(8,062	)
Other		225			238			275			-			-		738
Net cash used in financing activities		(9,187	)		(11,679	)		(12	)		-			-		(20,878	)

Effect of exchange rate changes on cash		-			-			-			536			-		536

Net increase (decrease) in cash and cash equivalents		-			(4,817	)		4,560			1,459			-		1,202

Cash and cash equivalents – beginning of period		-			69,763			7,716			1,040			-		78,519

Cash and cash equivalents – end of period	$	-		$	64,946		$	12,276		$	2,499		$	-	$	79,721

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated
Net cash provided by operating activities	$	11,055		$	38,590		$	10,672		$	2,845		$	-	$	63,162
Cash flows from investing activities:
Capital expenditures		-			(1,182	)		(5,017	)		(2,895	)		-		(9,094	)
Acquisitions		-			-			(2,957	)		-			-		(2,957	)
Proceeds from the disposal of property, plant and equipment		-			-			3,196			-			-		3,196
Change in restricted cash and investments		-			927			-			-			-		927
Purchase of marketable securities		-			(9,466	)		-			-			-		(9,466	)
Proceeds from the sale of marketable securities		-			7,319			-			-			-		7,319
Other		-			432			-			-			-		432
Net cash used in investing activities		-			(1,970	)		(4,778	)		(2,895	)		-		(9,643	)

Cash flows from financing activities:
Payments on long-term debt		-			(33,989	)		(3,898	)		-			-		(37,887	)
Purchases and other retirements of company stock		(5,377	)		-			-			-			-		(5,377	)
Dividends paid		(5,754	)		-			-			-			-		(5,754	)
Other		76			(137	)		-			-			-		(61	)
Net cash used in financing actvities		(11,055	)		(34,126	)		(3,898	)		-			-		(49,079	)

Effect of exchange rate changes on cash		-			-			-			227			-		227

Net increase in cash and cash equivalents		-			2,494			1,996			177			-		4,667

Cash and cash equivalents – beginning of period		-