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, 2014

Disclosure Text Block Supplement [Abstract]

Condensed Balance Sheet [Table Text Block]

	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
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

Condensed Income Statement [Table Text Block]

	Parent			Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	446,666	$	798,442		$	42,250		$	(540,699	)	$	746,659
Cost of sales		-			340,572		513,106			28,212			(541,727	)		340,163
Gross profit		-			106,094		285,336			14,038			1,028			406,496

Selling, general and administrative expenses		180			47,367		269,519			19,794			-			336,860
Operating income (loss)		(180	)		58,727		15,817			(5,756	)		1,028			69,636

Interest and other miscellaneous income, net		43,111			4,990		(95	)		(22	)		(47,708	)		276
Interest and other related financing costs		-			7,429		81			-			-			7,510
Income before income tax expense		42,931			56,288		15,641			(5,778	)		(46,680	)		62,402
Income tax expense (benefit)		-			14,205		5,080			186			-			19,471

Net income/(loss)	$	42,931		$	42,083	$	10,561		$	(5,964	)	$	(46,680	)	$	42,931

	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

Condensed Cash Flow Statement [Table Text Block]

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated
Net cash provided by operating activities	$	10,940		$	34,812		$	12,025		$	2,112		$	-	$	59,889
Cash flows from investing activities:
Capital expenditures		-			(610	)		(17,018	)		(1,677	)		-		(19,305	)
Acquisitions		-			-			-			-			-		-
Proceeds from the disposal of property, plant and equipment		-			24			3,357			-			-		3,381
Change in restricted cash and investments		-			6,926			-			-			-		6,926
Purchase of marketable securities		-			(18,268	)		-			-			-		(18,268	)
Proceeds from the sale of marketable securities		-			14,883			-			-			-		14,883
Other		-			325			-			-			-		325
Net cash used in investing activities		-			3,280			(13,661	)		(1,677	)		-		(12,058	)

Cash flows from financing activities:
Payments on long-term debt		-			-			(480	)		-			-		(480	)
Purchases and other retirements of company stock		-			-			-			-			-		-
Dividends paid		(11,297	)		-			-			-			-		(11,297	)
Other		357			168			-			-			-		525
Net cash used in financing activities		(10,940	)		168			(480	)		-			-		(11,252	)
Effect of exchange rate changes on cash		-			-			-			(4	)		-		(4	)
Net increase (decrease) in cash and cash equivalents		-			38,260			(2,116	)		431			-		36,575
Cash and cash equivalents – beginning of period		-			57,307			12,463			2,831			-		72,601
Cash and cash equivalents – end of period	$	-		$	95,567		$	10,347		$	3,262		$	-	$	109,176

	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