Ethan Allen Interiors (ETD) 8-K Ethan Allen Announces Second Quarter Sales and Earnings

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 Ended December			Six Months Ended December
	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 impairment charge)	15.6%	16.5%		14.9%	15.3%