| Ethan Allen Interiors Inc. GAAP Reconciliation Three and Twelve Months Ended June 30, 2006 and 2005 (in thousands, except per share amounts) | EXHIBIT 99.2 |
| Three Months Ended | Twelve Months Ended | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| June 30, | June 30, | ||||||||||||||||
| 2006 | 2005 | 2006 | 2005 | ||||||||||||||
| Net Income / Earnings Per Share | |||||||||||||||||
| Net income | $ | 22,394 | $ | 19,511 | $ | 85,682 | $ | 79,338 | |||||||||
| Add: restructuring and impairment charge, net of related tax effect | -- | -- | 2,631 | -- | |||||||||||||
| Net income (excluding restructuring and impairment charge) | $ | 22,394 | $ | 19,511 | $ | 88,313 | $ | 79,338 | |||||||||
| Earnings per basic share | $ | 0.68 | $ | 0.57 | $ | 2.58 | $ | 2.24 | |||||||||
| Earnings per basic share (excluding restructuring and impairment charge) | $ | 0.68 | $ | 0.57 | $ | 2.66 | $ | 2.24 | |||||||||
| Basic weighted average shares outstanding | 32,819 | 34,531 | 33,210 | 35,400 | |||||||||||||
| Earnings per diluted share | $ | 0.66 | $ | 0.56 | $ | 2.51 | $ | 2.19 | |||||||||
| Earnings per diluted share (excluding restructuring and impairment charge) | $ | 0.66 | $ | 0.56 | $ | 2.59 | $ | 2.19 | |||||||||
| Diluted weighted average shares outstanding | 33,824 | 34,960 | 34,086 | 36,193 | |||||||||||||
| Consolidated Operating Income / Operating Margin | |||||||||||||||||
| Operating income | $ | 36,851 | $ | 32,149 | $ | 142,672 | $ | 128,978 | |||||||||
| Add: restructuring and impairment charge | -- | -- | 4,241 | -- | |||||||||||||
| Operating income (excluding restructuring and impairment charge) | $ | 36,851 | $ | 32,149 | $ | 146,913 | $ | 128,978 | |||||||||
| Net sales | $ | 272,002 | $ | 242,260 | $ | 1,066,390 | $ | 949,012 | |||||||||
| Operating margin | 13.5% | 13.3% | 13.4% | 13.6% | |||||||||||||
| Operating margin (excluding restructuring and impairment charge) | 13.5% | 13.3% | 13.8% | 13.6% | |||||||||||||
| Wholesale Operating Income / Operating Margin | |||||||||||||||||
| Wholesale operating income | $ | 27,906 | $ | 29,291 | $ | 125,189 | $ | 115,863 | |||||||||
| Add: restructuring and impairment charge | -- | -- | 4,241 | -- | |||||||||||||
| Wholesale operating income (excluding restructuring and impairment charge) | $ | 27,906 | $ | 29,291 | $ | 129,430 | $ | 115,863 | |||||||||
| Wholesale net sales | $ | 177,981 | $ | 171,772 | $ | 736,134 | $ | 663,218 | |||||||||
| Wholesale operating margin | 15.7% | 17.1% | 17.0% | 17.5% | |||||||||||||
| Wholesale operating margin (excluding restructuring and impairment charge) | 15.7% | 17.1% | 17.6% | 17.5% | |||||||||||||
| EBITDA | |||||||||||||||||
| Net income | $ | 22,394 | $ | 19,511 | $ | 85,682 | $ | 79,338 | |||||||||
| Add: interest expense | 2,911 | 251 | 9,064 | 656 | |||||||||||||
| Add: income tax expense | 13,437 | 12,162 | 52,423 | 50,082 | |||||||||||||
| Add: depreciation and amortization | 5,458 | 5,363 | 21,599 | 21,338 | |||||||||||||
| EBITDA | $ | 44,200 | $ | 37,287 | $ | 168,768 | $ | 151,414 | |||||||||
| Net sales | $ | 272,002 | $ | 242,260 | $ | 1,066,390 | $ | 949,012 | |||||||||
| EBITDA as % of net sales | 16.2% | 15.4% | 15.8% | 16.0% | |||||||||||||
| EBITDA | $ | 44,200 | $ | 37,287 | $ | 168,768 | $ | 151,414 | |||||||||
| Add: restructuring and impairment charge | -- | -- | 4,241 | -- | |||||||||||||
| EBITDA (excluding restructuring and impairment charge) | $ | 44,200 | $ | 37,287 | $ | 173,009 | $ | 151,414 | |||||||||
| Net sales | $ | 272,002 | $ | 242,260 | $ | 1,066,390 | $ | 949,012 | |||||||||
| EBITDA as % of net sales | 16.2% | 15.4% | 16.2% | 16.0% | |||||||||||||
