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

Quarterly report pursuant to Section 13 or 15(d)

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

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

9 Months Ended

Mar. 31, 2014

Disclosure Text Block Supplement [Abstract]

Condensed Consolidating Balance Sheet [Table Text Block]

March 31, 2014
	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	79,893		$	12,407		$	3,504		$	-		$	95,804
Marketable securities		-		20,138			-			-			-			20,138
Accounts receivable, net		-		15,743			255			5			-			16,003
Inventories		-		-			169,518			6,240			(30,703	)		145,055
Prepaid expenses and other current assets		-		5,199			13,758			1,957			-			20,914
Intercompany receivables		-		838,999			315,744			(3,453	)		(1,151,290	)		-
Total current assets		-		959,972			511,682			8,253			(1,181,993	)		297,914
Property, plant and equipment, net		-		8,845			260,872			17,080			-			286,797
Goodwill and other intangible assets		-		37,905			7,223			-			-			45,128
Restricted cash and investments		-		8,907			-			-			-			8,907
Other assets		-		3,893			1,483			778			-			6,154
Investment in affiliated companies		713,554		(113,256	)		-			-			(600,298	)		-
Total assets	$	713,554	$	906,266		$	781,260		$	26,111		$	(1,782,291	)	$	644,900
Liabilities and Shareholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	-	$	-		$	496		$	-		$	-		$	496
Customer deposits		-		-			61,582			3,618			-			65,200
Accounts payable		-		5,352			18,237			518			-			24,107
Accrued expenses and other current liabilities		3,039		32,199			14,400			1,415			-			51,053
Intercompany payables		357,641		(8,468	)		773,829			28,288			(1,151,290	)		-
Total current liabilities		360,680		29,083			868,544			33,839			(1,151,290	)		140,856
Long-term debt		-		129,230			1,283			-			-			130,513
Other long-term liabilities		-		4,181			16,032			444			-			20,657
Total liabilities		360,680		162,494			885,859			34,283			(1,151,290	)		292,026
Shareholders’ equity		352,874		743,772			(104,599	)		(8,172	)		(631,001	)		352,874
Total liabilities and shareholders’ equity	$	713,554	$	906,266		$	781,260		$	26,111		$	(1,782,291	)	$	644,900

June 30, 2013
	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

Condensed Consolidating Statement of Operations [Table Text Block]

Three months ended March 31, 2014

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	109,795		$	185,221		$	9,655		$	(131,610	)	$	173,061
Cost of sales		-			83,285			119,365			6,721			(129,440	)		79,931
Gross profit		-			26,510			65,856			2,934			(2,170	)		93,130
Selling, general and administrative expenses		45			12,939			65,866			4,728			-			83,578
Operating income (loss)		(45	)		13,571			(10	)		(1,794	)		(2,170	)		9,552
Interest and other income (expense)		5,303			(1,932	)		(30	)		31			(3,269	)		103
Interest and other related financing costs		-			1,850			20			-			-			1,870
Income (loss) before income taxes		5,258			9,789			(60	)		(1,763	)		(5,439	)		7,785
Income tax expense		-			2,316			130			81			-			2,527
Net income/(loss)	$	5,258		$	7,473		$	(190	)	$	(1,844	)	$	(5,439	)	$	5,258

Three months ended March 31, 2013

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	108,595		$	188,589		$	9,311		$	(138,351	)	$	168,144
Cost of sales		-			81,631			124,977			5,959			(136,208	)		76,359
Gross profit		-			26,964			63,612			3,352			(2,143	)		91,785
Selling, general and administrative expenses		45			12,817			65,310			4,953			-			83,125
Operating income (loss)		(45	)		14,147			(1,698	)		(1,601	)		(2,143	)		8,660
Interest and other income (expense)		4,419			(2,404	)		5			(131	)		(1,899	)		(10	)
Interest and other related financing costs		-			2,180			15			-			-			2,195
Income (loss) before income taxes		4,374			9,563			(1,708	)		(1,732	)		(4,042	)		6,455
Income tax expense		-			3,001			(943	)		23			-			2,081
Net income/(loss)	$	4,374		$	6,562		$	(765	)	$	(1,755	)	$	(4,042	)	$	4,374

Nine months ended March 31, 2014

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	332,623		$	587,149		$	30,596		$	(402,544	)	$	547,824
Cost of sales		-			252,701			378,522			20,460			(401,731	)		249,952
Gross profit		-			79,922			208,627			10,136			(813	)		297,872
Selling, general and administrative expenses		135			34,481			203,205			14,705			-			252,526
Operating income (loss)		(135	)		45,441			5,422			(4,569	)		(813	)		45,346
Interest and other income (expense)		25,982			(1,302	)		(73	)		(7	)		(24,372	)		228
Interest and other related financing costs		-			5,551			63			-			-			5,614
Income (loss) before income taxes		25,847			38,588			5,286			(4,576	)		(25,185	)		39,960
Income tax expense		-			11,793			2,227			93			-			14,113
Net income/(loss)	$	25,847		$	26,795		$	3,059		$	(4,669	)	$	(25,185	)	$	25,847

Nine months ended March 31, 2013

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	327,987		$	594,200		$	29,040		$	(404,395	)	$	546,832
Cost of sales		-			247,433			387,459			17,894			(405,959	)		246,827
Gross profit		-			80,554			206,741			11,146			1,564			300,005
Selling, general and administrative expenses		135			35,171			207,116			13,612			-			256,034
Operating income (loss)		(135	)		45,383			(375	)		(2,466	)		1,564			43,971
Interest and other income (expense)		24,419			(2,923	)		30			(206	)		(21,128	)		192
Interest and other related financing costs		-			6,546			46			-			-			6,592
Income (loss) before income taxes		24,284			35,914			(391	)		(2,672	)		(19,564	)		37,571
Income tax expense		-			13,059			159			69			-			13,287
Net income/(loss)	$	24,284		$	22,855		$	(550	)	$	(2,741	)	$	(19,564	)	$	24,284

Condensed Consolidating Statement Of Cash Flows [Table Text Block]

Nine months ended March 31, 2014

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	8,136		$	21,223		$	8,818		$	1,842		$	-	$	40,019
Cash flows from investing activities:
Capital expenditures		-			(314	)		(11,159	)		(1,115	)		-		(12,588	)
Proceeds from the disposal of property, plant and equipment		-			24			2,643			-			-		2,667
Change in restricted cash and investments		-			6,526			-			-			-		6,526
Purchases of marketable securities		-			(17,500	)		-			-			-		(17,500	)
Sales of marketable securities		-			12,323						-			-		12,323
Other		-			253			-			-			-		253
Net cash provided by (used in) investing activities		-			1,312			(8,516	)		(1,115	)		-		(8,319	)
Cash flows from financing activities:
Payments on long-term debt		-			-			(358	)		-			-		(358	)
Dividends paid		(8,399	)		-			-			-			-		(8,399	)
Other		263			51			-			-			-		314
Net cash provided by (used in) financing activities		(8,136	)		51			(358	)		-			-		(8,443	)
Effect of exchange rate changes on cash		-			-			-			(54	)		-		(54	)
Net increase (decrease) in cash and cash equivalents		-			22,586			(56	)		673			-		23,203
Cash and cash equivalents – beginning of period		-			57,307			12,463			2,831			-		72,601
Cash and cash equivalents – end of period	$	-		$	79,893		$	12,407		$	3,504		$	-	$	95,804

Nine months ended March 31, 2013

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	18,360		$	12,214		$	10,950		$	2,921		$	-	$	44,445
Cash flows from investing activities:
Capital expenditures		-			(1,115	)		(13,165	)		(2,265	)		-		(16,545	)
Acquisitions		-			-			(598	)		-			-		(598	)
Proceeds from the disposal of property, plant and equipment		-			51			3,175			-			-		3,226
Change in restricted cash and investments		-			(14	)		-			-			-		(14	)
Purchases of marketable securities		-			(17,547	)		-			-			-		(17,547	)
Sales of marketable securities		-			7,990			-			-			-		7,990
Other		-			783			550			-			-		1,333
Net cash provided by (used in) investing activities		-			(9,852	)		(10,038	)		(2,265	)		-		(22,155	)
Cash flows from financing activities:
Payments on long-term debt		-			-			(187	)		-			-		(187	)
Dividends paid		(19,617	)		-			-			-			-		(19,617	)
Other		1,257			166			-			-			-		1,423
Net cash provided by (used in) financing activities		(18,360	)		166			(187	)		-			-		(18,381	)
Effect of exchange rate changes on cash		-			-			-			15			-		15
Net increase (decrease) in cash and cash equivalents		-			2,528			725			671			-		3,924
Cash and cash equivalents – beginning of period		-			64,946			12,276			2,499			-		79,721
Cash and cash equivalents – end of period	$	-		$	67,474		$	13,001		$	3,170		$	-	$	83,645