Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Restructuring and Other Charges, Net of Gains - Schedule of Restructuring Reserve (Details)

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Note 13 - Restructuring and Other Charges, Net of Gains - Schedule of Restructuring Reserve (Details) - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended
Aug. 01, 2022
Jul. 31, 2023
Sep. 30, 2023
Sep. 30, 2022
Balance   $ 3,159 $ 3,159  
Gain on sale-leaseback transaction(1) $ (1,800)   (655) $ (2,257)
Expenses/(Gain)     1,492  
Non-Cash     1,350  
Severance and other charges     1,492 (1,996)
Payments     (1,166)  
Receipts     1,000  
Balance     3,135  
Employee Severance and Other Charges (Income) [Member]        
Balance   321 321  
Expenses/(Gain)     51  
Non-Cash     0  
Severance and other charges     51 261
Payments     0  
Receipts     0  
Balance     372  
Sale-leaseback Transaction [Member]        
Balance   2,838 2,838  
Expenses/(Gain)     (655)  
Payments     0  
Receipts     0  
Balance [1]     2,183  
Flood [Member]        
Orleans, Vermont flood   2,100 2,096 $ 0
Balance   0 0  
Expenses/(Gain)     2,096  
Non-Cash     1,350  
Payments     (1,166)  
Receipts     1,000  
Balance     580  
Flood [Member] | Inventory Write-downs and Overhead Manufacturing Costs [Member]        
Balance   0 0  
Expenses/(Gain)     1,350  
Non-Cash     1,350  
Payments     0  
Receipts     0  
Balance     0  
Flood [Member] | Repair and Remediation Costs [Member]        
Balance   0 0  
Expenses/(Gain)     2,206  
Payments     (1,166)  
Receipts     0  
Balance [2]     1,040  
Flood [Member] | Insurance Recoveries and Grant Proceeds [Member]        
Balance   $ 0 0  
Expenses/(Gain)     (1,460)  
Receipts     1,000  
Balance [3]     $ (460)  
[1] In August 2022, we sold and subsequently leased back a retail design center and recognized a net gain of $0.7 million for the three months ended September 30, 2023. The remaining deferred liability of $2.2 million as of September 30, 2023 will be recognized over the remaining life of the lease. Refer to Note 6, Leases, for further discussion on the sale-leaseback transaction.
[2] In July 2023, our wood furniture manufacturing operations located in Orleans, Vermont sustained damage from heavy flooding of the nearby Barton River. In addition to losses related to wood furniture inventory parts and state-of-the-art manufacturing equipment, the flooding also resulted in a temporary work stoppage for many Vermont associates and a disruption and delay of shipments. Losses incurred from the disposal of damaged inventory, inoperable machinery equipment from water damage, facility cleanup, and restoration, was $2.1 million, net of insurance recoveries and grant proceeds. The remaining amount of repair and remediation costs to be paid as of September 30, 2023 is accrued for within Accounts payable and accrued expenses.
[3] The Vermont Department of Economic Development awarded Ethan Allen a $0.5 million grant through its Business Emergency Gap Assistance Program. These funds were used toward the cleanup and restoration efforts. Insurance proceeds received during the first quarter of fiscal 2024 totaled $0.5 million with an additional $0.46 million to be paid to Ethan Allen within the next three months, which is reflected within Prepaid expenses and other current assets.