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

Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Property, Plant and Equipment

Note 8 - Property, Plant and Equipment

6 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

(8)

Property, Plant and Equipment

Property, plant and equipment are summarized as follows (in thousands):

	December 31,			June 30,
	2022			2022
Land and improvements	$	77,783		$	78,443
Building and improvements		348,501			356,622
Machinery and equipment		123,785			127,062
Property, plant and equipment, gross		550,069			562,127
Less: accumulated depreciation and amortization		(326,367	)		(338,597	)
Property, plant and equipment, net	$	223,702		$	223,530

We recorded depreciation expense of $3.8 million and $3.9 million for the three months ended December 31, 2022 and 2021, respectively. Depreciation expense was $7.7 million and $8.2 million for the six months ended December 31, 2022 and 2021, respectively.