Ethan Allen Interiors (ETD) 8-K Results of Operations and Financial Condition

EXHIBIT 99.2

Ethan Allen Interiors Inc.
GAAP Reconciliation
Three and Six Months Ended December 31, 2006 and 2005
(in thousands, except per share amounts)

	Three Months Ended December						Six Months Ended December
	2006			2005			2006			2005
Net Income / Earnings Per Share
Net income	$	22,792		$	26,164		$	31,244		$	43,294
Add: restructuring and impairment charge (credit), net of   related tax effect		(198	)		-			8,561			2,612
Net income (excluding restructuring and impairment   charge (credit))	$	22,594		$	26,164		$	39,805		$	45,906
Earnings per basic share	$	0.72		$	0.79		$	0.98		$	1.29
Earnings per basic share (excluding restructuring   and impairment charge (credit))	$	0.71		$	0.79		$	1.25		$	1.37
Basic weighted average shares outstanding		31,737			33,078			31,776			33,499
Earnings per diluted share	$	0.70		$	0.77		$	0.96		$	1.26
Earnings per diluted share (excluding restructuring   and impairment charge (credit))	$	0.70		$	0.77		$	1.22		$	1.34
Diluted weighted average shares outstanding		32,503			33,845			32,567			34,236
Consolidated Operating Income / Operating Margin
Operating income	$	36,529		$	44,288		$	50,759		$	72,482
Add: restructuring and impairment charge (credit)		(314	)		-			13,622			4,241
Operating income (excluding restructuring and   impairment charge (credit))	$	36,215		$	44,288		$	64,381		$	76,723
Net sales	$	257,419		$	276,003		$	500,242		$	527,317
Operating margin		14.2	%		16.0	%		10.1	%		13.7	%
Operating margin (excluding restructuring and   impairment charge (credit))		14.1	%		16.0	%		12.9	%		14.5	%
Wholesale Operating Income / Operating Margin
Wholesale operating income	$	30,137		$	33,494		$	41,561		$	63,309
Add: restructuring and impairment charge (credit)		(314	)		-			13,622			4,241
Wholesale operating income (excluding restructuring   and impairment charge (credit))	$	29,823		$	33,494		$	55,183		$	67,550
Wholesale net sales	$	165,661		$	187,535		$	321,302		$	365,961
Wholesale operating margin		18.2	%		17.9	%		12.9	%		17.3	%
Wholesale operating margin (excluding restructuring   and impairment charge (credit))		18.0	%		17.9	%		17.2	%		18.5	%
EBITDA
Net income	$	22,792		$	26,164		$	31,244		$	43,294
Add: interest expense (income), net		869			1,505			1,718			1,560
Add: income tax expense		13,397			16,311			18,469			26,989
Add: depreciation and amortization		5,819			5,535			11,423			10,855
EBITDA	$	42,877		$	49,515		$	62,854		$	82,698
Net sales	$	257,419		$	276,003		$	500,242		$	527,317
EBITDA as % of net sales		16.7	%		17.9	%		12.6	%		15.7	%
EBITDA	$	42,877		$	49,515		$	62,854		$	82,698
Add: restructuring and impairment charge (credit)		(314	)		-			13,622			4,241
EBITDA (excluding restructuring and impairment charge (credit))	$	42,563		$	49,515		$	76,476		$	86,939
Net sales	$	257,419		$	276,003		$	500,242		$	527,317
EBITDA as % of net sales (excluding       restructuring and impairment charge (credit))		16.5	%		17.9	%		15.3	%		16.5	%