Ethan Allen Interiors Inc. GAAP Reconciliation Three and Six Months Ended December 31, 2007 and 2006 (in thousands, except per share amounts) | EXHIBIT 99.2 | ||||||
Three Months December | Six Months | ||||||
2007 | 2006 | 2007 | 2006 | ||||
Net Income / Earnings Per Share | |||||||
Net income | $ 20,622 | $ 22,792 | $ 38,126 | $ 31,244 | |||
Add: restructuring and impairment charge, net of | |||||||
related tax effect | - | (198 | ) | - | 8,561 | ||
Net income (excluding restructuring and impairment | |||||||
charge) | $ 20,622 | $ 22,594 | $ 38,126 | $ 39,805 | |||
Earnings per basic share | $ 0.70 | $ 0.72 | $ 1.28 | $ 0.98 | |||
Earnings per basic share (excluding restructuring and | |||||||
impairment charge) | $ 0.70 | $ 0.71 | $ 1.28 | $ 1.25 | |||
Basic weighted average shares outstanding | 29,391 | 31,737 | 29,738 | 31,776 | |||
Earnings per diluted share | $ 0.70 | $ 0.70 | $ 1.27 | $ 0.96 | |||
Earnings per diluted share (excluding restructuring and | |||||||
impairment charge) | $ 0.70 | $ 0.70 | $ 1.27 | $ 1.22 | |||
Diluted weighted average shares outstanding | 29,542 | 32,503 | 30,003 | 32,567 | |||
Consolidated Operating Income / Operating Margin | |||||||
Operating income | $ 33,497 | $ 36,529 | $ 61,294 | $ 50,759 | |||
Add: restructuring and impairment charge | - | (314 | ) | - | 13,622 | ||
Operating income (excluding restructuring and impairment | |||||||
charge) | $ 33,497 | $ 36,215 | $ 61,294 | $ 64,381 | |||
Net sales | $ 259,510 | $ 257,419 | $ 508,237 | $ 500,242 | |||
Operating margin | 12.9% | 14.2% | 12.1% | 10.1% | |||
Operating margin (excluding restructuring and impairment | |||||||
charge) | 12.9% | 14.1% | 12.1% | 12.9% | |||
Wholesale Operating Income / Operating Margin | |||||||
Wholesale operating income | $ 26,376 | $ 30,137 | $ 53,156 | $ 41,561 | |||
Add: restructuring and impairment charge | - | (314 | ) | - | 13,622 | ||
Wholesale operating income (excluding restructuring and impairment charge) | $ 26,376 | $ 29,823 | $ 53,156 | $ 55,183 | |||
Wholesale net sales | $ 155,930 | $ 165,661 | $ 312,253 | $ 321,302 | |||
Wholesale operating margin | 16.9% | 18.2% | 17.0% | 12.9% | |||
Wholesale operating margin (excluding restructuring and | |||||||
impairment charge) | 16.9% | 18.0% | 17.0% | 17.2% | |||
EBITDA | |||||||
Net income | $ 20,622 | $ 22,792 | $ 38,126 | $ 31,244 | |||
Add: interest expense (income), net | 1,686 | 869 | 3,083 | 1,718 | |||
Add: income tax expense | 12,112 | 13,397 | 22,392 | 18,469 | |||
Add: depreciation and amortization | 6,149 | 5,819 | 12,086 | 11,423 | |||
EBITDA | $ 40,569 | $ 42,877 | $ 75,687 | $ 62,854 | |||
Net sales | $ 259,510 | $ 257,419 | $ 508,237 | $ 500,242 | |||
EBITDA as % of net sales | 15.6% | 16.7% | 14.9% | 12.6% | |||
EBITDA | $ 40,569 | $ 42,877 | $ 75,687 | $ 62,854 | |||
Add: restructuring and impairment charge | - | (314 | ) | - | 13,622 | ||
EBITDA (excluding restructuring and impairment charge) | $ 40,569 | $ 42,563 | $ 75,687 | $ 76,476 | |||
Net sales | $ 259,510 | $ 257,419 | $ 508,237 | $ 500,242 | |||
EBITDA as % of net sales (excluding restructuring and | 15.6% | 16.5% | 14.9% | 15.3% | |||
Ethan Allen Interiors (ETD) 8-KEthan Allen Announces Second Quarter Sales and Earnings
Filed: 23 Jan 08, 12:00am