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

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

6 Months Ended

Dec. 31, 2014

	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	103,727		$	5,971		$	3,244		$	-		$	112,942
Marketable securities		-		8,865			-			-			-			8,865
Accounts receivable, net		-		10,361			265			-			-			10,626
Inventories		-		-			175,436			5,880			(29,567	)		151,749
Prepaid expenses and other current assets		-		10,213			10,880			1,930			-			23,023
Intercompany receivables		-		854,758			332,230			(3,412	)		(1,183,576	)		-
Total current assets		-		987,924			524,782			7,642			(1,213,143	)		307,205
Property, plant and equipment, net		-		8,158			260,009			16,622			-			284,789
Goodwill and other intangible assets		-		37,905			7,223			-			-			45,128
Restricted cash and investments		-		8,008			-			-			-			8,008
Other assets		-		4,628			1,687			622			-			6,937
Investment in affiliated companies		751,476		(104,740	)		-			-			(646,736	)		-
Total assets	$	751,476	$	941,883		$	793,701		$	24,886		$	(1,859,879	)	$	652,067
Liabilities and Shareholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	-	$	55,474		$	808		$	-		$	-		$	56,282
Customer deposits		-		-			49,469			3,310			-			52,779
Accounts payable		-		4,532			14,701			268			-			19,501
Accrued expenses and other current liabilities		3,613		30,039			11,108			1,614			-			46,374
Intercompany payables		366,876		(8,804	)		792,251			33,253			(1,183,576	)		-
Total current liabilities		370,489		81,241			868,337			38,445			(1,183,576	)		174,936
Long-term debt		-		73,833			1,918			-			-			75,751
Other long-term liabilities		-		3,976			15,969			448			-			20,393
Total liabilities		370,489		159,050			886,224			38,893			(1,183,576	)		271,080
Shareholders’ equity		380,987		782,833			(92,523	)		(14,007	)		(676,303	)		380,987
Total liabilities and shareholders’ equity	$	751,476	$	941,883		$	793,701		$	24,886		$	(1,859,879	)	$	652,067

	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	95,567		$	10,347		$	3,262		$	-		$	109,176
Marketable securities		-		18,153			-			-			-			18,153
Accounts receivable, net		-		12,118			308			-			-			12,426
Inventories		-		-			168,996			6,141			(28,862	)		146,275
Prepaid expenses and other current assets		-		6,954			10,800			1,845			-			19,599
Intercompany receivables		-		836,086			322,382			(3,478	)		(1,154,990	)		-
Total current assets		-		968,878			512,833			7,770			(1,183,852	)		305,629
Property, plant and equipment, net		-		8,848			262,272			17,036			-			288,156
Goodwill and other intangible assets		-		37,905			7,223			-			-			45,128
Restricted cash and investments		-		8,507			-			-			-			8,507
Other assets		-		4,620			1,647			747			-			7,014
Investment in affiliated companies		731,003		(107,050	)		-			-			(623,953	)		-
Total assets	$	731,003	$	921,708		$	783,975		$	25,553		$	(1,807,805	)	$	654,434
Liabilities and Shareholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	-	$	-		$	501		$	-		$	-		$	501
Customer deposits		-		-			55,810			3,874			-			59,684
Accounts payable		-		6,423			17,699			198			-			24,320
Accrued expenses and other current liabilities		3,013		30,656			16,292			1,581			-			51,542
Intercompany payables		360,523		(8,468	)		773,850			29,085			(1,154,990	)		-
Total current liabilities		363,536		28,611			864,152			34,738			(1,154,990	)		136,047
Long-term debt		-		129,255			1,156			-			-			130,411
Other long-term liabilities		-		4,241			15,763			505			-			20,509
Total liabilities		363,536		162,107			881,071			35,243			(1,154,990	)		286,967
Shareholders’ equity		367,467		759,601			(97,096	)		(9,690	)		(652,815	)		367,467
Total liabilities and shareholders’ equity	$	731,003	$	921,708		$	783,975		$	25,553		$	(1,807,805	)	$	654,434

	Parent			Issuer		Guarantors		Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	114,191	$	206,620	$	10,365		$	(134,109	)	$	197,067
Cost of sales		-			87,625		132,434		7,079			(136,145	)		90,993
Gross profit		-			26,566		74,186		3,286			2,036			106,074

Selling, general and administrative expenses		45			13,351		70,395		4,623			-			88,414
Operating income (loss)		(45	)		13,215		3,791		(1,337	)		2,036			17,660

Interest and other income (expense)		10,083			1,143		2		59			(11,198	)		89
Interest and other related financing costs		-			1,868		14		-			-			1,882
Income (loss) before income taxes		10,038			12,490		3,779		(1,278	)		(9,162	)		15,867
Income tax expense		-			4,443		1,368		18			-			5,829

Net income/(loss)	$	10,038		$	8,047	$	2,411	$	(1,296	)	$	(9,162	)	$	10,038

	Parent			Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	111,305	$	207,100		$	10,502		$	(135,803	)	$	193,104
Cost of sales		-			85,483		132,002			6,882			(137,262	)		87,105
Gross profit		-			25,822		75,098			3,620			1,459			105,999

Selling, general and administrative expenses		45			11,910		69,174			5,020			-			86,149
Operating income (loss)		(45	)		13,912		5,924			(1,400	)		1,459			19,850

Interest and other income (expense)		11,600			2,498		(43	)		(22	)		(13,990	)		43
Interest and other related financing costs		-			1,850		21			-			-			1,871
Income (loss) before income taxes		11,555			14,560		5,860			(1,422	)		(12,531	)		18,022
Income tax expense		-			4,419		2,059			(11	)		-			6,467

Net income/(loss)	$	11,555		$	10,141	$	3,801		$	(1,411	)	$	(12,531	)	$	11,555

	Parent			Issuer		Guarantors		Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	236,656	$	407,113	$	22,521		$	(278,517	)	$	387,773
Cost of sales		-			178,609		261,068		15,031			(277,812	)		176,896
Gross profit		-			58,047		146,045		7,490			(705	)		210,877

Selling, general and administrative expenses		90			24,092		138,861		9,704			-			172,747
Operating income (loss)		(90	)		33,955		7,184		(2,214	)		(705	)		38,130

Interest and other income (expense)		22,007			2,458		1		83			(24,317	)		232
Interest and other related financing costs		-			3,727		44		-			-			3,771
Income (loss) before income taxes		21,917			32,686		7,141		(2,131	)		(25,022	)		34,591
Income tax expense		-			9,974		2,600		100			-			12,674

Net income/(loss)	$	21,917		$	22,712	$	4,541	$	(2,231	)	$	(25,022	)	$	21,917

	Parent			Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	222,828	$	401,928		$	20,941		$	(270,934	)	$	374,763
Cost of sales		-			169,416		259,157			13,739			(272,291	)		170,021
Gross profit		-			53,412		142,771			7,202			1,357			204,742

Selling, general and administrative expenses		90			21,542		137,339			9,977			-			168,948
Operating income (loss)		(90	)		31,870		5,432			(2,775	)		1,357			35,794

Interest and other income (expense)		20,679			630		(43	)		(38	)		(21,103	)		125
Interest and other related financing costs		-			3,701		43			-			-			3,744
Income (loss) before income taxes		20,589			28,799		5,346			(2,813	)		(19,746	)		32,175
Income tax expense		-			9,477		2,097			12			-			11,586

Net income/(loss)	$	20,589		$	19,322	$	3,249		$	(2,825	)	$	(19,746	)	$	20,589

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	6,270		$	(3,476	)	$	5,766		$	1,900		$	-	$	10,460

Cash flows from investing activities:
Capital expenditures		-			(501	)		(11,085	)		(1,529	)		-		(13,115	)
Acquisitions		-			-			(1,991	)		-			-		(1,991	)
Proceeds from the disposal of property, plant and equipment		-			3,627			3,222			-			-		6,849
Change in restricted cash and investments		-			499			-			-			-		499
Sales of marketable securities		-			8,930			-			-			-		8,930
Other		-			90			-			-			-		90
Net cash provided by (used in) investing activities		-			12,645			(9,854	)		(1,529	)		-		1,262

Cash flows from financing activities:
Payments on long-term debt		-			-			(288	)		-			-		(288	)
Dividends paid		(6,381	)		-			-			-			-		(6,381	)
Increase in deferred financing costs		-			(1,020	)		-			-			-		(1,020	)
Other		111			11			-			-			-		122
Net cash provided by (used in) financing activities		(6,270	)		(1,009	)		(288	)		-			-		(7,567	)

Effect of exchange rate changes on cash		-			-			-			(389	)		-		(389	)
Net increase (decrease) in cash and cash equivalents		-			8,160			(4,376	)		(18	)		-		3,766

Cash and cash equivalents – beginning of period		-			95,567			10,347			3,262			-		109,176
Cash and cash equivalents – end of period	$	-		$	103,727		$	5,971		$	3,244		$	-	$	112,942

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	5,316		$	16,056		$	608		$	626		$	-	$	22,606

Cash flows from investing activities:
Capital expenditures		-			(201	)		(7,946	)		(411	)		-		(8,558	)
Acquisitions		-			-			-			-			-		-
Proceeds from the disposal of property, plant and equipment		-			19			752			-			-		771
Change in restricted cash and investments		-			498			-			-			-		498
Purchases of marketable securities		-			(15,716	)		-			-			-		(15,716	)
Sales of marketable securities		-			10,723			-			-			-		10,723
Other		-			175			-			-			-		175
Net cash provided by (used in) investing activities		-			(4,502	)		(7,194	)		(411	)		-		(12,107	)

Cash flows from financing activities:
Payments on long-term debt		-			-			(238	)		-			-		(238	)
Dividends paid		(5,502	)		-			-			-			-		(5,502	)
Other		186			35			-			-			-		221
Net cash provided by (used in) financing activities		(5,316	)		35			(238	)		-			-		(5,519	)

Effect of exchange rate changes on cash		-			-			-			22			-		22
Net increase (decrease) in cash and cash equivalents		-			11,589			(6,824	)		237			-		5,002

Cash and cash equivalents – beginning of period		-			57,307			12,463			2,831			-		72,601
Cash and cash equivalents – end of period	$	-		$	68,896		$	5,639		$	3,068		$	-	$	77,603