Annual report pursuant to Section 13 and 15(d)

Note 4 - Revenue Recognition

v3.20.2
Note 4 - Revenue Recognition
 12 Months Ended
Jun. 30, 2020
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 fiscal
2020:
 
(Amounts in thousands)
  
Wholesale
    
Retail
    
Total
  
Upholstery
   $
164,059
     $
213,903
     $
377,962
  
Case goods
    
115,040
      
129,839
      
244,879
  
Accents
    
61,405
      
102,994
      
164,399
  
Other
    
(2,556
 )    
16,064
      
13,508
  
Total before intercompany eliminations
   $
337,948
     $
462,800
      
800,748
  
Intercompany eliminations
    
 
      
 
      
(210,911
 )
Consolidated net sales
    
 
      
 
     $
589,837
  
 
The following table disaggregates our net sales by product category by segment for fiscal
2019:
 
(Amounts in thousands)
  
Wholesale
    
Retail
    
Total
  
Upholstery
   $
216,460
     $
263,744
     $
480,204
  
Case goods
    
151,999
      
172,293
      
324,292
  
Accents
    
77,978
      
130,325
      
208,303
  
Other
    
(4,886
 )    
23,467
      
18,581
  
Total before intercompany eliminations
   $
441,551
     $
589,829
      
1,031,380
  
Intercompany eliminations
    
 
      
 
      
(284,696
 )
Consolidated net sales
    
 
      
 
     $
746,684
  
 
The following table disaggregates our net sales by product category by segment for fiscal
2018:
 
(Amounts in thousands)
  
Wholesale
    
Retail
    
Total
  
Upholstery
   $
243,511
     $
270,050
     $
513,561
  
Case goods
    
154,170
      
170,513
      
324,683
  
Accents
    
82,870
      
125,968
      
208,838
  
Other
    
(4,820
 )    
20,971
      
16,151
  
Total before intercompany eliminations
   $
475,731
     $
587,502
      
1,063,233
  
Intercompany eliminations
    
 
      
 
      
(296,449
 )
Consolidated net sales
    
 
      
 
     $
766,784
  
 
 
●
Upholstery furniture includes fabric-covered items such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics and leather.
 
 
●
Case goods furniture includes items such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents.
 
 
●
Accents includes items such as window treatments and drapery hardware, wall décor, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings and home and garden furnishings.
 
 
●
Other includes membership revenue, product delivery sales, the Ethan Allen Hotel room rentals and banquets, sales of
third
-party furniture protection plans and other miscellaneous product sales less prompt payment discounts, sales allowances and other incentives.
 
 
●
Intercompany eliminations represent the elimination of all intercompany wholesale segment sales to the retail segment during the period presented.