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)

3 Months Ended

Sep. 30, 2023

Notes Tables

Lease, Cost [Table Text Block]

		September 30,
		2023				2022
Weighted average remaining lease term (in years)
Operating leases			5.8				6.0
Financing leases			2.2				2.4
Weighted average discount rate
Operating leases			5.7	%			4.5	%
Financing leases			3.8	%			3.1	%

			Three months ended
			September 30,
	Statements of Comprehensive Income Location		2023				2022

Operating lease cost⁽¹⁾	Selling, general and administrative (“SG&A”) expenses		$	7,925			$	7,802
Financing lease cost
Depreciation of property	SG&A expenses			124				128
Interest on lease liabilities	Interest and other financing costs			4				8
Short-term lease cost⁽²⁾	SG&A expenses			58				255
Variable lease cost⁽³⁾	SG&A expenses			2,427				2,210
Less: Sublease income	SG&A expenses			(288	)			(293	)
Total lease expense			$	10,250			$	10,110

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

Fiscal Year		Operating Leases				Financing Leases
2024 (remaining nine months)		$	24,954			$	256
2025			31,161				80
2026			26,980				72
2027			20,524				66
2028			17,897				-
Thereafter			33,955				-
Total undiscounted future minimum lease payments			155,471				474
Less: imputed interest			(23,839	)			(24	)
Total present value of lease obligations⁽¹⁾		$	131,632			$	450

Lease, Supplemental Lease Information [Table Text Block]

		Three months ended September 30,
		2023				2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		$	8,200			$	8,230
Operating cash flows from financing leases		$	131			$	133
Operating lease assets obtained in exchange for operating lease liabilities		$	7,680			$	5,510