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

Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Leases (Tables)

Note 6 - Leases (Tables)

6 Months Ended

Dec. 31, 2021

Notes Tables

Lease, Cost [Table Text Block]

		December 31,
		2021				2020
Weighted average remaining lease term (in years)
Operating leases			6.0				6.6
Financing leases			2.2				1.7
Weighted average discount rate
Operating leases			4.1	%			4.3	%
Financing leases			2.2	%			4.3	%

			Three months ended December 31,								Six months ended December 31,
	Statement of Comprehensive Income Location		2021				2020				2021				2020
Operating lease cost_⁽¹⁾	Selling, general and administrative (“SG&A”) expenses		$	7,475			$	7,461			$	14,948			$	14,953
Financing lease cost
Depreciation of property	SG&A expenses			126				144				252				295
Interest on lease liabilities	Interest and other financing costs			6				3				13				8
Short-term lease cost_⁽²⁾	SG&A expenses			309				240				617				480
Variable lease cost_⁽³⁾	SG&A expenses			2,371				2,351				4,684				4,613
Less: Sublease income	SG&A expenses			(386	)			(454	)			(799	)			(892	)
Total lease expense			$	9,901			$	9,745			$	19,715			$	19,457

Lessee, Leases, Liability, Maturity [Table Text Block]

Fiscal Year		Operating Leases				Financing Leases
2022 (remaining six months)		$	16,629			$	253
2023			27,367				490
2024			22,394				320
2025			18,753				8
2026			15,192				-
Thereafter			34,886				-
Total undiscounted future minimum lease payments			135,221				1,071
Less: imputed interest			(16,686	)			(24	)
Total present value of lease obligations_⁽¹⁾		$	118,535			$	1,047

Lease, Supplemental Lease Information [Table Text Block]

		Six months ended December 31,
		2021				2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		$	16,734			$	16,706
Operating cash flows from financing leases		$	264			$	290
Operating lease assets obtained in exchange for operating lease liabilities		$	7,534			$	12,102