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

Note 15 - Financial Information About the Parent, the Issuer and the Guarantors (Tables)

6 Months Ended

Dec. 31, 2013

	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	68,896		$	5,639		$	3,068		$	-		$	77,603
Marketable securities		-		20,157			-			-			-			20,157
Accounts receivable, net		-		10,493			261			-			-			10,754
Inventories		-		-			162,888			5,609			(28,533	)		139,964
Prepaid expenses and other current assets		-		8,747			10,941			1,786			-			21,474
Intercompany receivables		-		836,612			309,181			(3,728	)		(1,142,065	)		-
Total current assets		-		944,905			488,910			6,735			(1,170,597	)		269,952
Property, plant and equipment, net		-		9,173			264,796			16,419			-			290,388
Goodwill and other intangible assets		-		37,905			7,223			-			-			45,128
Restricted cash and investments		-		14,935			-			-			-			14,935
Other assets		-		2,554			1,520			804			-			4,878
Investment in affiliated companies		707,766		(111,222	)		-			-			(596,544	)		-
Total assets	$	707,766	$	898,250		$	762,449		$	23,958		$	(1,767,142	)	$	625,281
Liabilities and Shareholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	-	$	-		$	490		$	-		$	-		$	490
Customer deposits		-		-			48,764			3,414			-			52,178
Accounts payable		-		5,796			15,820			295			-			21,911
Accrued expenses and other current liabilities		3,030		31,330			13,869			1,283			-			49,512
Intercompany payables		354,776		(8,126	)		770,388			25,027			(1,142,065	)		-
Total current liabilities		357,806		29,000			849,331			30,019			(1,142,065	)		124,091
Long-term debt		-		129,204			1,409			-			-			130,613
Other long-term liabilities		-		4,072			16,136			409			-			20,617
Total liabilities		357,806		162,276			866,876			30,428			(1,142,065	)		275,321
Shareholders’ equity		349,960		735,974			(104,427	)		(6,470	)		(625,077	)		349,960
Total liabilities and shareholders’ equity	$	707,766	$	898,250		$	762,449		$	23,958		$	(1,767,142	)	$	625,281

	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	57,307		$	12,463		$	2,831		$	-		$	72,601
Marketable securities		-		15,529			-			-			-			15,529
Accounts receivable, net		-		12,061			212			4			-			12,277
Inventories		-		-			161,683			5,463			(29,890	)		137,256
Prepaid expenses and other current assets		-		9,882			11,275			1,750			-			22,907
Intercompany receivables		-		831,238			302,577			(3,726	)		(1,130,089	)		-
Total current assets		-		926,017			488,210			6,322			(1,159,979	)		260,570
Property, plant and equipment, net		-		9,432			265,698			16,542			-			291,672
Goodwill and other intangible assets		-		37,905			7,223			-			-			45,128
Restricted cash and investments		-		15,433			-			-			-			15,433
Other assets		-		2,188			1,488			806			-			4,482
Investment in affiliated companies		686,451		(111,647	)		-			-			(574,804	)		-
Total assets	$	686,451	$	879,328		$	762,619		$	23,670		$	(1,734,783	)	$	617,285
Liabilities and Shareholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	-	$	-		$	480		$	-		$	-		$	480
Customer deposits		-		-			56,030			3,068			-			59,098
Accounts payable		-		7,390			15,097			508			-			22,995
Accrued expenses and other current liabilities		2,720		29,710			16,683			1,253			-			50,366
Intercompany payables		349,374		(7,460	)		766,039			22,136			(1,130,089	)		-
Total current liabilities		352,094		29,640			854,329			26,965			(1,130,089	)		132,939
Long-term debt		-		129,152			1,657			-			-			130,809
Other long-term liabilities		-		4,492			14,355			333			-			19,180
Total liabilities		352,094		163,284			870,341			27,298			(1,130,089	)		282,928
Shareholders’ equity		334,357		716,044			(107,722	)		(3,628	)		(604,694	)		334,357
Total liabilities and shareholders’ equity	$	686,451	$	879,328		$	762,619		$	23,670		$	(1,734,783	)	$	617,285

	Parent			Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	111,305	$	207,100		$	10,502		$	(135,803	)	$	193,104
Cost of sales		-			85,483		132,002			6,882			(137,262	)		87,105
Gross profit		-			25,822		75,098			3,620			1,459			105,999
Selling, general and administrative expenses		45			11,910		69,174			5,020			-			86,149
Operating income (loss)		(45	)		13,912		5,924			(1,400	)		1,459			19,850
Interest and other income (expense)		11,600			2,498		(43	)		(22	)		(13,990	)		43
Interest and other related financing costs		-			1,850		21			-			-			1,871
Income (loss) before income taxes		11,555			14,560		5,860			(1,422	)		(12,531	)		18,022
Income tax expense		-			4,419		2,059			(11	)		-			6,467
Net income/(loss)	$	11,555		$	10,141	$	3,801		$	(1,411	)	$	(12,531	)	$	11,555

	Parent			Issuer		Guarantors		Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	107,768	$	201,661	$	10,149		$	(128,327	)	$	191,251
Cost of sales		-			81,997		130,553		6,128			(131,394	)		87,284
Gross profit		-			25,771		71,108		4,021			3,067			103,967
Selling, general and administrative expenses		45			12,112		69,884		4,569			-			86,610
Operating income (loss)		(45	)		13,659		1,224		(548	)		3,067			17,357
Interest and other income (expense)		9,891			83		31		(34	)		(9,843	)		128
Interest and other related financing costs		-			2,183		15		-			-			2,198
Income (loss) before income taxes		9,846			11,559		1,240		(582	)		(6,776	)		15,287
Income tax expense		-			4,735		683		23			-			5,441
Net income/(loss)	$	9,846		$	6,824	$	557	$	(605	)	$	(6,776	)	$	9,846

	Parent			Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	222,828	$	401,928		$	20,941		$	(270,934	)	$	374,763
Cost of sales		-			169,416		259,157			13,739			(272,291	)		170,021
Gross profit		-			53,412		142,771			7,202			1,357			204,742
Selling, general and administrative expenses		90			21,542		137,339			9,977			-			168,948
Operating income (loss)		(90	)		31,870		5,432			(2,775	)		1,357			35,794
Interest and other income (expense)		20,679			630		(43	)		(38	)		(21,103	)		125
Interest and other related financing costs		-			3,701		43			-			-			3,744
Income (loss) before income taxes		20,589			28,799		5,346			(2,813	)		(19,746	)		32,175
Income tax expense		-			9,477		2,097			12			-			11,586
Net income/(loss)	$	20,589		$	19,322	$	3,249		$	(2,825	)	$	(19,746	)	$	20,589

	Parent			Issuer			Guarantors		Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	219,392		$	405,611	$	19,729		$	(266,044	)	$	378,688
Cost of sales		-			165,802			262,482		11,935			(269,751	)		170,468
Gross profit		-			53,590			143,129		7,794			3,707			208,220
Selling, general and administrative expenses		90			22,354			141,806		8,659			-			172,909
Operating income (loss)		(90	)		31,236			1,323		(865	)		3,707			35,311
Interest and other income (expense)		20,000			(519	)		25		(75	)		(19,229	)		202
Interest and other related financing costs		-			4,366			31		-			-			4,397
Income (loss) before income taxes		19,910			26,351			1,317		(940	)		(15,522	)		31,116
Income tax expense		-			10,058			1,102		46			-			11,206
Net income/(loss)	$	19,910		$	16,293		$	215	$	(986	)	$	(15,522	)	$	19,910

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	5,316		$	16,056		$	608		$	626		$	-	$	22,606
Cash flows from investing activities:
Capital expenditures		-			(201	)		(7,946	)		(411	)		-		(8,558	)
Proceeds from the disposal of property, plant and equipment		-			19			752			-			-		771
Change in restricted cash and investments		-			498			-			-			-		498
Purchases of marketable securities		-			(15,716	)		-			-			-		(15,716	)
Sales of marketable securities		-			10,723						-			-		10,723
Other		-			175			-			-			-		175
Net cash provided by (used in) investing activities		-			(4,502	)		(7,194	)		(411	)		-		(12,107	)
Cash flows from financing activities:
Payments on long-term debt		-			-			(238	)		-			-		(238	)
Dividends paid		(5,502	)		-			-			-			-		(5,502	)
Other		186			35			-			-			-		221
Net cash provided by (used in) financing activities		(5,316	)		35			(238	)		-			-		(5,519	)
Effect of exchange rate changes on cash		-			-			-			22			-		22
Net increase (decrease) in cash and cash equivalents		-			11,589			(6,824	)		237			-		5,002

Cash and cash equivalents – beginning of period		-			57,307			12,463			2,831			-		72,601
Cash and cash equivalents – end of period	$	-		$	68,896		$	5,639		$	3,068		$	-	$	77,603

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	19,284		$	(5,033	)	$	2,258		$	1,671		$	-	$	18,180
Cash flows from investing activities:
Capital expenditures		-			(1,758	)		(10,261	)		(1,546	)		-		(13,565	)
Acquisitions		-			-			(598	)		-			-		(598	)
Proceeds from the disposal of property, plant and equipment		-			51			1,215			-			-		1,266
Change in restricted cash and investments		-			(11	)		-			-			-		(11	)
Purchases of marketable securities		-			(13,816	)		-			-			-		(13,816	)
Sales of marketable securities		-			4,740			-			-			-		4,740
Other		-			101			550			-			-		651
Net cash used in investing activities		-			(10,693	)		(9,094	)		(1,546	)		-		(21,333	)
Cash flows from financing activities:
Payments on long-term debt		-			-			(124	)		-			-		(124	)
Dividends paid		(19,617	)		-			-			-			-		(19,617	)
Other		333			-			-			-			-		333
Net cash used in financing activities		(19,284	)		-			(124	)		-			-		(19,408	)
Effect of exchange rate changes on cash		-			-			-			107			-		107
Net increase (decrease) in cash and cash equivalents		-			(15,726	)		(6,960	)		232			-		(22,454	)
Cash and cash equivalents – beginning of period		-			64,946			12,276			2,499			-		79,721
Cash and cash equivalents – end of period	$	-		$	49,220		$	5,316		$	2,731		$	-	$	57,267