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

9 Months Ended

Mar. 31, 2023

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):

	March 31,			June 30,
	2023			2022
Land and improvements	$	77,876		$	78,443
Building and improvements		351,271			356,622
Machinery and equipment		124,833			127,062
Property, plant and equipment, gross		553,980			562,127
Less: accumulated depreciation and amortization		(330,696	)		(338,597	)
Property, plant and equipment, net	$	223,284		$	223,530

We recorded depreciation expense of $4.0 million and $3.9 million for the three months ended March 31, 2023 and 2022, respectively. Depreciation expense was $11.7 million and $12.0 million for the nine months ended March 31, 2023 and 2022, respectively.