Ethan Allen Interiors (ETD) 10-Q 29 Apr 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Mar. 31, 2019	Apr. 17, 2019
Document Information [Line Items]
Entity Registrant Name	ETHAN ALLEN INTERIORS INC
Entity Central Index Key	0000896156
Trading Symbol	eth
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding (in shares)		26,579,544
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Current assets:
Cash and cash equivalents	$ 25,742	$ 22,363
Accounts receivable, net of reserves of $1,818 at March 31, 2019 and $1,956 at June 30, 2018	15,838	12,364
Inventories	164,625	163,012
Prepaid expenses and other current assets	17,905	16,686
Total current assets	224,110	214,425
Property, plant and equipment, net	260,222	267,903
Goodwill	25,388	25,388
Intangible assets	19,740	19,740
Deferred income taxes	1,641	1,688
Other assets	1,731	1,289
Total assets	532,832	530,433
Current liabilities:
Accounts payable	19,494	18,768
Customer Deposits	62,393	61,248
Accrued compensation and benefits	22,758	18,926
Short-term debt	544	584
Accrued expenses and other current liabilities	21,263	21,734
Total current liabilities	126,452	121,260
Long-term debt	8,658	1,096
Deferred income taxes	3,723	4,160
Other long-term liabilities	20,950	20,047
Total liabilities	159,783	146,563
Commitments and contingencies (see Note 13)
Shareholders' equity:
Preferred stock, $0.01 par value; 1,055 shares authorized; none issued
Common stock, $0.01 par value, 150,000 shares authorized, 49,039 and 48,989 shares issued; 26,580 and 26,529 shares outstanding at March 31, 2019 and June 30, 2018, respectively	490	490
Additional paid-in capital	378,756	376,950
Treasury stock, at cost: 22,460 and 22,460 shares at March 31, 2019 and June 30, 2018, respectively	(656,551)	(656,551)
Retained earnings	656,096	669,013
Accumulated other comprehensive loss	(5,816)	(6,171)
Total Ethan Allen Interiors Inc. shareholders' equity	372,975	383,731
Noncontrolling interests	74	139
Total shareholders' equity	373,049	383,870
Total liabilities and shareholders' equity	$ 532,832	$ 530,433

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Accounts Receivable Reserves	$ 1,818	$ 1,956
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,055	1,055
Preferred stock, shares issued (in shares)
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000	150,000
Common stock, shares issues (in shares)	49,039	48,989
Common stock, shares outstanding (in shares)	26,580	26,529
Treasury stock, shares (in shares)	22,460	22,460

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Net sales	$ 177,829	$ 181,419	$ 562,766	$ 561,202
Cost of sales	79,435	84,711	254,062	256,380
Gross profit	98,394	96,708	308,704	304,822
Selling, general and administrative expenses	87,725	92,835	270,108	271,862
Operating income	10,669	3,873	38,596	32,960
Interest (expense), net of interest income	(62)	(70)	63	(49)
Income before income taxes	10,607	3,803	38,659	32,911
Provision for income taxes	2,629	1,187	9,651	8,018
Net income	$ 7,978	$ 2,616	$ 29,008	$ 24,893
Basic earnings per common share:
Net income per basic share (in dollars per share)	$ 0.30	$ 0.10	$ 1.09	$ 0.91
Basic weighted average common shares (in shares)	26,705	27,476	26,690	27,469
Diluted earnings per common share:
Net income per diluted share (in dollars per share)	$ 0.30	$ 0.09	$ 1.08	$ 0.90
Diluted weighted average common shares (in shares)	26,751	27,692	26,749	27,725
Comprehensive income
Net income	$ 7,978	$ 2,616	$ 29,008	$ 24,893
Other comprehensive income
Foreign currency translation adjustments	303	1,451	355	(71)
Other	(20)	(7)	(65)	(39)
Other comprehensive income (loss) net of tax	283	1,444	290	(110)
Comprehensive income	$ 8,261	$ 4,060	$ 29,298	$ 24,783

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net income	$ 29,008	$ 24,893
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	14,849	14,955
Shared-based compensation expense	986	967
Deferred income taxes	(390)	(342)
Loss on disposal of property, plant and equipment	134	191
Other	(16)	(11)
Change in operating assets and liabilities, net of effects of acquired businesses:
Accounts receivable, net	(3,474)	(3,640)
Inventories	(1,613)	(14,265)
Prepaid expenses and other current assets	(1,290)	278
Customer Deposits	1,145	4,666
Accounts payable	726	7,719
Accrued compensation and benefits	3,832	1,737
Accrued expenses and other current liabilities	(480)	(1,218)
Other assets and liabilities	890	(840)
Net cash provided by operating activities	44,307	35,090
Cash Flows from Investing Activities
Proceeds from the disposal of property, plant and equipment	1	327
Capital expenditures	(6,990)	(9,121)
Other investing activities	124	154
Net cash used in investing activities	(6,865)	(8,640)
Cash Flows from Financing Activities
Borrowings on revolving credit facility	16,000
Payments on borrowings and capital lease obligations	(8,443)	(14,306)
Repurchases of common stock		(1,100)
Payment of cash dividends	(41,916)	(24,283)
Other financing activities	253	141
Net cash used in financing activities	(34,106)	(39,548)
Effect of exchange rate changes on cash and cash equivalents	43	130
Net increase (decrease) in cash, cash equivalents, and restricted cash	3,379	(12,968)
Cash, cash equivalents, and restricted cash at beginning of period	22,363	65,031
Cash, cash equivalents, and restricted cash at end of period	$ 25,742	$ 52,063

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Jun. 30, 2017	48,980		21,533
Balance at Jun. 30, 2017	$ 490	$ 377,550	$ (635,179)	$ (4,131)	$ 661,976	$ 190	$ 400,896
Net income					7,415		7,415
Common stock issued on share-based awards (in shares)
Common stock issued on share-based awards		4					4
Share-based compensation expense		444					444
Cash dividends declared					(5,243)		(5,243)
Other comprehensive income (loss)				(130)		(14)	(144)
Balance (in shares) at Sep. 30, 2017	48,980		21,509
Balance at Sep. 30, 2017	$ 490	376,251	$ (634,532)	(4,261)	664,148	176	402,272
Purchase/retirement of company stock (in shares)			(24)
Purchase/retirement of company stock		(1,747)	$ 647				(1,100)
Balance (in shares) at Jun. 30, 2017	48,980		21,533
Balance at Jun. 30, 2017	$ 490	377,550	$ (635,179)	(4,131)	661,976	190	400,896
Net income							24,893
Other comprehensive income (loss)							(110)
Balance (in shares) at Mar. 31, 2018	48,985		21,509
Balance at Mar. 31, 2018	$ 490	376,911	$ (634,532)	(4,202)	662,581	151	401,399
Balance (in shares) at Sep. 30, 2017	48,980		21,509
Balance at Sep. 30, 2017	$ 490	376,251	$ (634,532)	(4,261)	664,148	176	402,272
Net income					14,862		14,862
Common stock issued on share-based awards (in shares)	5
Common stock issued on share-based awards		133					133
Share-based compensation expense		638					638
Cash dividends declared					(13,801)		(13,801)
Other comprehensive income (loss)				(1,392)		(18)	(1,410)
Balance (in shares) at Dec. 31, 2017	48,985		21,509
Balance at Dec. 31, 2017	$ 490	377,022	$ (634,532)	(5,653)	665,209	158	402,694
Net income					2,616		2,616
Common stock issued on share-based awards (in shares)
Common stock issued on share-based awards		4					4
Cash dividends declared					(5,244)		(5,244)
Other comprehensive income (loss)				1,451		(7)	1,444
Balance (in shares) at Mar. 31, 2018	48,985		21,509
Balance at Mar. 31, 2018	$ 490	376,911	$ (634,532)	(4,202)	662,581	151	401,399
Share-based compensation expense		(115)					(115)
Balance (in shares) at Jun. 30, 2018	48,989		22,460
Balance at Jun. 30, 2018	$ 490	376,950	$ (656,551)	(6,171)	669,013	139	383,870
Net income					8,840		8,840
Common stock issued on share-based awards (in shares)	40
Common stock issued on share-based awards		637					637
Share-based compensation expense		491					491
Cash dividends declared					(5,072)		(5,072)
Other comprehensive income (loss)				1,247		(26)	1,221
Balance (in shares) at Sep. 30, 2018	49,029		22,460
Balance at Sep. 30, 2018	$ 490	378,078	$ (656,551)	(4,924)	672,781	113	389,987
Balance (in shares) at Jun. 30, 2018	48,989		22,460
Balance at Jun. 30, 2018	$ 490	376,950	$ (656,551)	(6,171)	669,013	139	383,870
Net income							29,008
Other comprehensive income (loss)							290
Balance (in shares) at Mar. 31, 2019	49,039		22,460
Balance at Mar. 31, 2019	$ 490	378,756	$ (656,551)	(5,816)	656,096	74	373,049
Balance (in shares) at Sep. 30, 2018	49,029		22,460
Balance at Sep. 30, 2018	$ 490	378,078	$ (656,551)	(4,924)	672,781	113	389,987
Net income					12,190		12,190
Common stock issued on share-based awards (in shares)	9
Common stock issued on share-based awards		164					164
Share-based compensation expense		316					316
Cash dividends declared					(31,778)		(31,778)
Other comprehensive income (loss)				(1,195)		(19)	(1,214)
Balance (in shares) at Dec. 31, 2018	49,038		22,460
Balance at Dec. 31, 2018	$ 490	378,558	$ (656,551)	(6,119)	653,193	94	369,665
Net income					7,978		7,978
Common stock issued on share-based awards (in shares)	2
Common stock issued on share-based awards		19					19
Share-based compensation expense		179					179
Cash dividends declared					(5,075)		(5,075)
Other comprehensive income (loss)				303		(20)	283
Balance (in shares) at Mar. 31, 2019	49,039		22,460
Balance at Mar. 31, 2019	$ 490	$ 378,756	$ (656,551)	$ (5,816)	$ 656,096	$ 74	$ 373,049

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	( 1 Basis of Presentation Founded in 1932, May 25, 1989. We prepare our consolidated financial statements in accordance with generally accepted accounting principles in the United States (“GAAP”), which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of net sales and expenses during the reporting period. Due to the inherent uncertainty involved in making those estimates, actual results could differ from those estimates. Areas in which significant estimates have been made include, but are not Certain reclassifications have been made to the amounts in prior periods in order to conform to the current period’s presentation.

Note 2 - Interim Financial Pres

Note 2 - Interim Financial Presentation	9 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	( 2 Interim Financial Presentation In our opinion, all adjustments, consisting only of normal recurring adjustments necessary for fair presentation, have been included in the consolidated financial statements. The results of operations for the three nine March 31, 2019 not may 2018 10 “2018 10

Note 3 - Recent Accounting Pron

Note 3 - Recent Accounting Pronouncements	9 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	( 3 Recent Accounting Pronouncements As of March 31, 2019, no first nine 2019 New Accounting Standards or Updates Recently Adopted Revenue Recognition - May 2014, 2014 09, Revenue from Contracts with Customers 606 606” first 2019. not 4 Restricted Cash November 2016, 2016 18, Statement of Cash Flows (Topic 230 , not first 2019, 5 Share-Based Payments May 2017, 2017 09, Compensation – Stock Compensation (Topic 718 , not 2017 09 first 2019. no Recent Accounting Standards or Updates Not Leases - February 2016, 2016 02, Leases (Topic 842 twelve 2016 02 2016 02 first 2020 not third not Goodwill Impairment Test January 2017, 2017 04, Intangibles-Goodwill and Other (Topic 350 : Simplifying the Test for Goodwill Impairment, 2 not first 2021 not Implementation Costs in a Cloud Computing Arrangement - August 2018, 2018 15, Cloud Computing Arrangements for Service Contracts first 2021, not No March 31, 2019

Note 4 - Revenue Recognition

Note 4 - Revenue Recognition	9 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	( 4 Revenue Recognition We implemented ASC 606 first 2019 July 1, 2018. not Our reported revenue (net sales) consist substantially of product sales. We report product sales net of discounts and recognize them at the point in time when control transfers to the customer. For sales to our customers in our wholesale segment, control typically transfers when the product is shipped. For sales in our retail segment, control generally transfers upon delivery to the customer. Estimated refunds for returns and allowances are recorded using our historical return patterns. Under the new standard, we record estimated refunds for sales returns on a gross basis rather than on a net basis and have recorded an asset for product we expect to receive back from customers in Prepaid expenses and other current assets Accrued expenses and other current liabilities March 31, 2019, In many cases we receive deposits from customers before we have transferred control of our product to our customers, resulting in contract liabilities. These contract liabilities are reported as a current liability in Customer Deposits June 30, 2018 $61.2 $1.4 $59.3 three nine March 31, 2019. $62.4 March 31, 2019. Upon adoption of ASC 606, - We recognize shipping and handling expense as fulfillment activities (rather than as a promised good or service) when the activities are performed even if those activities are performed after the control of the good has been transferred. Accordingly, we record the expenses for shipping and handling activities at the same time we recognize net sales. - We exclude from the measurement of the transaction price all taxes imposed on and concurrent with a specific revenue-producing transaction and collected by the entity from a customer, including sales, use, excise, value-added, and franchise taxes (collectively referred to as sales taxes). - We do not one one The following table disaggregates net sales by product category by segment for the three March 31, 2019: (Unaudited, amounts in thousands) Wholesale Retail Total Upholstery furniture $ 53,071 $ 62,351 $ 115,422 Case goods furniture 37,575 40,958 78,533 Accents 19,516 30,028 49,544 Other (1,795 ) 5,610 3,815 Total before intercompany eliminations $ 108,367 $ 138,947 247,314 Eliminations (69,485 ) Consolidated Net Sales $ 177,829 The following table disaggregates net sales by product category by segment for the nine March 31, 2019: (Unaudited, amounts in thousands) Wholesale Retail Total Upholstery furniture $ 162,817 $ 195,667 $ 358,484 Case goods furniture 116,326 131,728 248,054 Accents 58,774 97,644 156,418 Other (3,820 ) 17,630 13,810 Total before intercompany eliminations $ 334,097 $ 442,669 776,766 Eliminations (214,000 ) Consolidated Net Sales $ 562,766 - Upholstery furniture includes fabric-covered items such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics and leather. - Case goods furniture includes items such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents. - Accents includes items such as window treatments and drapery hardware, wall décor, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings and home and garden furnishings. - Other includes net sales for product delivery, the Ethan Allen Hotel room rentals and banquets, third

Note 5 - Restricted Cash

Note 5 - Restricted Cash	9 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Restricted Assets Disclosure [Text Block]	( 5 Restricted Cash Prior to June 30, 2018 June 30, 2018, $5.9 The following table presents the components of total cash, cash equivalents, and restricted cash as set forth in our consolidated statements of cash flows (in thousands). March 31, June 30, March 31, June 30, 2019 2018 2018 2017 Cash and cash equivalents $ 25,742 $ 22,363 $ 44,977 $ 57,701 Restricted cash - - 7,086 7,330 Total cash, cash equivalents, and restricted cash $ 25,742 $ 22,363 $ 52,063 $ 65,031

Note 6 - Inventories

Note 6 - Inventories	9 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Inventory Disclosure [Text Block]	( 6 Inventories Inventories are stated at the lower of cost ( first first Inventories at March 31, 2019 June 30, 2018 March 31, June 30, 2019 2018 Finished goods $ 126,673 $ 124,640 Work in process 11,965 12,057 Raw materials 27,719 27,947 Valuation allowance (1,732 ) (1,632 ) Inventories $ 164,625 $ 163,012

Note 7 - Income Taxes

Note 7 - Income Taxes	9 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	( 7 Income Taxes The Company reviews its expected annual effective income tax rates and makes changes on a quarterly basis as necessary based on certain factors such as changes in forecasted annual pre-tax income; changes to actual or forecasted permanent book to tax differences; impacts from future tax audits with state, federal or foreign tax authorities; impacts from tax law changes; or changes in judgment as to the realizability of deferred tax assets. The Company identifies items which are non-recurring in nature and treats these as discrete events. The tax effect of such items is recorded in the quarter in which the related events occur. Due to the volatility of these factors, the Company's consolidated effective income tax rate can change significantly quarter over quarter. The Company conducts business globally and, as a result, the Company and its subsidiaries file income tax returns in the U.S. and in various state and foreign jurisdictions. In the normal course of business, the Company is subject to periodic examination in such domestic and foreign jurisdictions by tax authorities. The Company and certain subsidiaries are currently under audit in the U.S. for fiscal 2016. may twelve not may twelve twelve The Company is subject to a U.S. federal statutory tax rate of 21% June 30, 2019 28% 2018, 24.8% 25.0% three nine March 31, 2019 31.2% 24.4% three nine March 31, 2018, 2017 December 2017,

Note 8 - Debt

Note 8 - Debt	9 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	( 8 Debt Total debt obligations at March 31, 2019 June 30, 2018 March 31, June 30, 2019 2018 Borrowings under revolving credit facility $ 8,000 $ - Capital leases 1,202 1,680 Total debt 9,202 1,680 Less current maturities 544 584 Total long-term debt $ 8,658 $ 1,096 Revolving Credit Facility On December 21, 2018, October 21, 2014, $165 December 21, 2023. $0.6 At the Company’s option, revolving loans under the Facility bear interest, based on the average availability, at an annual rate of either (a) the London Interbank Offered rate (“LIBOR”) plus 1.5% 2.0%, 0.5%, 1.0% 0.5% 1.0%. The availability of credit at any given time under the Facility will be constrained by the terms and conditions of the Facility, including the amount of collateral available, a borrowing base formula based upon numerous factors including the value of eligible inventory and eligible accounts receivable, and other restrictions contained in the Facility. All obligations under the Facility are secured by assets of the Loan Parties including inventory, receivables and certain types of intellectual property. Borrowings under the Facility To fund a portion of the special cash dividend paid to shareholders in January 2019, $16.0 December 21, 2023. March 31, 2019, $8.0 one 2.5% 1.5%. The outstanding borrowing amount of $8.0 Long-term debt March 31, 2019. nine March 31, 2019, $0.1 Debt Obligations The following table summarizes, as of March 31, 2019, three 2019, five June 30, 2019, Periods ending June 30, 2019 (remaining three months) $ 135 2020 550 2021 437 2022 60 2023 20 2024 and thereafter 8,000 Total scheduled debt payments $ 9,202 Covenants and Other Ratios The Facility contains various restrictive and affirmative covenants, including required financial reporting, limitations on the ability to grant liens, make loans or other investments, incur additional debt, issue additional equity, merge or consolidate with or into another person, sell assets, pay dividends or make other distributions or enter into transactions with affiliates, along with other restrictions and limitations similar to those frequently found in credit agreements of this type and size. Loans under the Facility may The Facility does not $18.5 1.0 twelve At both March 31, 2019 June 30, 2018, $6.2 $150.8 March 31, 2019 $108.8 June 30, 2018. March 31, 2019 June 30, 2018,

Note 9 - Share-based Compensati

Note 9 - Share-based Compensation	9 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	( 9 Share-Based Compensation All options are issued at the closing stock price on each grant date and have a contractual term of 10 nine March 31, 2019 Weighted Average Options Exercise Price Outstanding at June 30, 2018 561,595 $ 21.70 Granted 25,590 $ 23.45 Exercised (50,250 ) $ 15.89 Canceled (forfeited/expired) (140,364 ) $ 23.03 Outstanding at March 31, 2019 396,571 $ 22.07 Exercisable at March 31, 2019 316,699 $ 20.91 A summary of stock unit awards activity during the nine March 31, 2019 Weighted Stock Average Unit Grant Date Awards Fair Value Outstanding at June 30, 2018 330,369 $ 26.15 Granted 105,644 18.60 Vested - - Canceled (forfeited/expired) (33,227 ) 23.36 Outstanding at March 31, 2019 402,786 $ 24.40 There were no March 31, 2019. At March 31, 2019, 1,489,996

Note 10 - Earnings Per Share

Note 10 - Earnings Per Share	9 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	( 10 Earnings Per Share Basic and diluted earnings per share (“EPS”) are calculated using the following weighted average share data (in thousands): Three months ended Nine months ended March 31, March 31, 2019 2018 2019 2018 Weighted average shares outstanding for basic calculation 26,705 27,476 26,690 27,469 Dilutive effect of stock options and other share-based awards 46 216 59 256 Weighted average shares outstanding adjusted for dilution calculation 26,751 27,692 26,749 27,725 Dilutive potential common shares consist of stock options and unvested restricted stock awards. As of March 31, 2019 2018, 260,571 197,411 As of March 31, 2019 2018, 269,138 233,596, .

Note 11 - Accumulated Other Com

Note 11 - Accumulated Other Comprehensive Loss	9 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	( 11 Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income consists of foreign currency translation adjustments which are the result of changes in foreign currency exchange rates related to our operations in Canada, Belgium, Honduras, and Mexico, and exclude income taxes given that the earnings of non-U.S. subsidiaries are deemed to be permanently reinvested. The following table sets forth the activity in accumulated other comprehensive loss for the fiscal year-to-date period ended March 31, 2019 ( Balance June 30, 2018 $ (6,171 ) Changes before reclassifications 355 Amounts reclassified from accumulated other comprehensive income - Current period other comprehensive income (loss) 355 Balance March 31, 2019 $ (5,816 )

Note 12 - Segment Information

Note 12 - Segment Information	9 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	( 12 Segment Information Our wholesale and retail operating segments represent strategic business areas of our vertically integrated enterprise that operate separately and provide their own distinctive services. This vertical structure enables us to offer our complete line of home furnishings and accents more effectively while controlling quality and cost. We evaluate performance of the respective segments based upon net sales and operating income. Inter-segment transactions result, primarily, from the wholesale sale of inventory to the retail segment, including the related profit margin. As of March 31, 2019, 142 161 third 79% nine March 31, 2019. 21%. Segment information for the three nine March 31, 2019 2018 Three months ended Nine months ended March 31, March 31, 2019 2018 2019 2018 Net Sales: Wholesale segment $ 108,367 $ 118,921 $ 334,097 $ 348,473 Retail segment 138,947 136,903 442,669 431,469 Elimination of intercompany sales (69,485 ) (74,405 ) (214,000 ) (218,740 ) Consolidated Total $ 177,829 $ 181,419 $ 562,766 $ 561,202 Operating income: Wholesale segment $ 13,045 $ 7,927 $ 36,181 $ 36,957 Retail segment (1,669 ) (2,896 ) 83 (6,304 ) Elimination of intercompany profit (a) (707 ) (1,158 ) 2,332 2,307 Consolidated Total $ 10,669 $ 3,873 $ 38,596 $ 32,960 Depreciation and Amortization: Wholesale segment $ 1,914 $ 2,002 $ 5,771 $ 5,827 Retail segment 3,010 2,913 9,078 9,128 Consolidated Total $ 4,924 $ 4,915 $ 14,849 $ 14,955 Capital expenditures: Wholesale segment $ 726 $ 1,561 $ 2,407 $ 3,076 Retail segment 1,310 2,579 4,583 6,045 Consolidated Total $ 2,036 $ 4,140 $ 6,990 $ 9,121 March 31, June 30, 2019 2018 Total Assets: Wholesale segment $ 247,343 $ 241,616 Retail segment 311,132 317,590 Inventory profit elimination (b) (25,643 ) (28,773 ) Consolidated Total $ 532,832 $ 530,433 (a) Represents the change in wholesale profit contained in the retail segment inventory at the end of the period. (b) Represents the wholesale profit contained in the retail segment inventory that has not

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	9 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	( 13 Commitments and Contingencies We accrue non-income tax liabilities for contingencies when management believes that a loss is probable, and the amounts can be reasonably estimated, while contingent gains are recognized only when realized. We are routinely party to various legal proceedings, claims and litigation that have arisen in the ordinary course of business, including employment matters, commercial and intellectual property disputes and environmental items. For more information on how we determine whether to accrue for potential losses resulting from litigation, see Note 13 2018 10 may The outcome of all the matters against us is subject to future resolution, including the uncertainties of litigation. Based on information available at March 31, 2019, not

Note 14 - Subsequent Events

Note 14 - Subsequent Events	9 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Subsequent Events [Text Block]	( 14 Subsequent Event s We have evaluated subsequent events through the date that the consolidated financial statements were issued. Optimization of Manufacturing and Logistics On April 17, 2019, - Our Old Fort, North Carolina plant will be converted into a state-of-the-art distribution center to support our national distribution structure. - Consolidating approximately half of the case goods manufacturing at our Old Fort plant into our case goods plants in Orleans and Beecher Falls, Vermont, with the balance to be consolidated into our other manufacturing facilities. - Expand our Maiden, North Carolina campus with the addition of 80,000 - Distribution operations at our Passaic, New Jersey facility will be discontinued and subsequently moved to our operations in North Carolina and the art framing operations will be outsourced.

Note 4 - Revenue Recognition (T

Note 4 - Revenue Recognition (Tables)	9 Months Ended
	Mar. 31, 2019
Notes Tables
Disaggregation of Revenue [Table Text Block]	(Unaudited, amounts in thousands) Wholesale Retail Total Upholstery furniture $ 53,071 $ 62,351 $ 115,422 Case goods furniture 37,575 40,958 78,533 Accents 19,516 30,028 49,544 Other (1,795 ) 5,610 3,815 Total before intercompany eliminations $ 108,367 $ 138,947 247,314 Eliminations (69,485 ) Consolidated Net Sales $ 177,829 (Unaudited, amounts in thousands) Wholesale Retail Total Upholstery furniture $ 162,817 $ 195,667 $ 358,484 Case goods furniture 116,326 131,728 248,054 Accents 58,774 97,644 156,418 Other (3,820 ) 17,630 13,810 Total before intercompany eliminations $ 334,097 $ 442,669 776,766 Eliminations (214,000 ) Consolidated Net Sales $ 562,766

Note 5 - Restricted Cash (Table

Note 5 - Restricted Cash (Tables)	9 Months Ended
	Mar. 31, 2019
Notes Tables
Schedule of Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Table Text Block]	March 31, June 30, March 31, June 30, 2019 2018 2018 2017 Cash and cash equivalents $ 25,742 $ 22,363 $ 44,977 $ 57,701 Restricted cash - - 7,086 7,330 Total cash, cash equivalents, and restricted cash $ 25,742 $ 22,363 $ 52,063 $ 65,031

Note 6 - Inventories (Tables)

Note 6 - Inventories (Tables)	9 Months Ended
	Mar. 31, 2019
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 31, June 30, 2019 2018 Finished goods $ 126,673 $ 124,640 Work in process 11,965 12,057 Raw materials 27,719 27,947 Valuation allowance (1,732 ) (1,632 ) Inventories $ 164,625 $ 163,012

Note 8 - Debt (Tables)

Note 8 - Debt (Tables)	9 Months Ended
	Mar. 31, 2019
Notes Tables
Schedule of Debt [Table Text Block]	March 31, June 30, 2019 2018 Borrowings under revolving credit facility $ 8,000 $ - Capital leases 1,202 1,680 Total debt 9,202 1,680 Less current maturities 544 584 Total long-term debt $ 8,658 $ 1,096
Schedule of Maturities of Long-term Debt [Table Text Block]	Periods ending June 30, 2019 (remaining three months) $ 135 2020 550 2021 437 2022 60 2023 20 2024 and thereafter 8,000 Total scheduled debt payments $ 9,202

Note 9 - Share-based Compensa_2

Note 9 - Share-based Compensation (Tables)	9 Months Ended
	Mar. 31, 2019
Notes Tables
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Weighted Average Options Exercise Price Outstanding at June 30, 2018 561,595 $ 21.70 Granted 25,590 $ 23.45 Exercised (50,250 ) $ 15.89 Canceled (forfeited/expired) (140,364 ) $ 23.03 Outstanding at March 31, 2019 396,571 $ 22.07 Exercisable at March 31, 2019 316,699 $ 20.91
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	Weighted Stock Average Unit Grant Date Awards Fair Value Outstanding at June 30, 2018 330,369 $ 26.15 Granted 105,644 18.60 Vested - - Canceled (forfeited/expired) (33,227 ) 23.36 Outstanding at March 31, 2019 402,786 $ 24.40

Note 10 - Earnings Per Share (T

Note 10 - Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2019
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended Nine months ended March 31, March 31, 2019 2018 2019 2018 Weighted average shares outstanding for basic calculation 26,705 27,476 26,690 27,469 Dilutive effect of stock options and other share-based awards 46 216 59 256 Weighted average shares outstanding adjusted for dilution calculation 26,751 27,692 26,749 27,725

Note 11 - Accumulated Other C_2

Note 11 - Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Mar. 31, 2019
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Balance June 30, 2018 $ (6,171 ) Changes before reclassifications 355 Amounts reclassified from accumulated other comprehensive income - Current period other comprehensive income (loss) 355 Balance March 31, 2019 $ (5,816 )

Note 12 - Segment Information (

Note 12 - Segment Information (Tables)	9 Months Ended
	Mar. 31, 2019
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three months ended Nine months ended March 31, March 31, 2019 2018 2019 2018 Net Sales: Wholesale segment $ 108,367 $ 118,921 $ 334,097 $ 348,473 Retail segment 138,947 136,903 442,669 431,469 Elimination of intercompany sales (69,485 ) (74,405 ) (214,000 ) (218,740 ) Consolidated Total $ 177,829 $ 181,419 $ 562,766 $ 561,202 Operating income: Wholesale segment $ 13,045 $ 7,927 $ 36,181 $ 36,957 Retail segment (1,669 ) (2,896 ) 83 (6,304 ) Elimination of intercompany profit (a) (707 ) (1,158 ) 2,332 2,307 Consolidated Total $ 10,669 $ 3,873 $ 38,596 $ 32,960 Depreciation and Amortization: Wholesale segment $ 1,914 $ 2,002 $ 5,771 $ 5,827 Retail segment 3,010 2,913 9,078 9,128 Consolidated Total $ 4,924 $ 4,915 $ 14,849 $ 14,955 Capital expenditures: Wholesale segment $ 726 $ 1,561 $ 2,407 $ 3,076 Retail segment 1,310 2,579 4,583 6,045 Consolidated Total $ 2,036 $ 4,140 $ 6,990 $ 9,121 March 31, June 30, 2019 2018 Total Assets: Wholesale segment $ 247,343 $ 241,616 Retail segment 311,132 317,590 Inventory profit elimination (b) (25,643 ) (28,773 ) Consolidated Total $ 532,832 $ 530,433

Note 4 - Revenue Recognition (D

Note 4 - Revenue Recognition (Details Textual) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2019	Mar. 31, 2019	Jun. 30, 2018
Contract with Customer, Liability, Total	$ 62.4	$ 62.4	$ 61.2
Contract with Customer, Liability, Revenue Recognized	$ 1.4	$ 59.3

Note 4 - Revenue Recognition -

Note 4 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Revenues	$ 177,829	$ 181,419	$ 562,766	$ 561,202
Operating Segments [Member]
Revenues	247,314		776,766
Consolidation, Eliminations [Member]
Revenues	(69,485)		(214,000)
Upholstery Furniture [Member] | Operating Segments [Member]
Revenues	115,422		358,484
Case Goods Furniture [Member] | Operating Segments [Member]
Revenues	78,533		248,054
Accent [Member] | Operating Segments [Member]
Revenues	49,544		156,418
Manufactured Product, Other [Member] | Operating Segments [Member]
Revenues	3,815		13,810
Wholesale Segment [Member] | Operating Segments [Member]
Revenues	108,367	118,921	334,097	348,473
Wholesale Segment [Member] | Upholstery Furniture [Member] | Operating Segments [Member]
Revenues	53,071		162,817
Wholesale Segment [Member] | Case Goods Furniture [Member] | Operating Segments [Member]
Revenues	37,575		116,326
Wholesale Segment [Member] | Accent [Member] | Operating Segments [Member]
Revenues	19,516		58,774
Wholesale Segment [Member] | Manufactured Product, Other [Member] | Operating Segments [Member]
Revenues			(3,820)
Revenues	(1,795)
Retail Segment [Member] | Operating Segments [Member]
Revenues	138,947	$ 136,903	442,669	$ 431,469
Retail Segment [Member] | Upholstery Furniture [Member] | Operating Segments [Member]
Revenues	62,351		195,667
Retail Segment [Member] | Case Goods Furniture [Member] | Operating Segments [Member]
Revenues	40,958		131,728
Retail Segment [Member] | Accent [Member] | Operating Segments [Member]
Revenues	30,028		97,644
Retail Segment [Member] | Manufactured Product, Other [Member] | Operating Segments [Member]
Revenues	$ 5,610		$ 17,630

Note 5 - Restricted Cash (Detai

Note 5 - Restricted Cash (Details Textual) $ in Millions	Jun. 30, 2018USD ($)
Letter of Credit Issued for Workers Compensation Obligation [Member]
Letters of Credit Outstanding, Amount	$ 5.9

Note 5 - Restricted Cash - Tota

Note 5 - Restricted Cash - Total Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017
Cash and cash equivalents	$ 25,742	$ 22,363	$ 44,977	$ 57,701
Restricted cash			7,086	7,330
Total cash, cash equivalents, and restricted cash	$ 25,742	$ 22,363	$ 52,063	$ 65,031

Note 6 - Inventories - Schedule

Note 6 - Inventories - Schedule of Inventory (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Finished goods	$ 126,673	$ 124,640
Work in process	11,965	12,057
Raw materials	27,719	27,947
Valuation allowance	(1,732)	(1,632)
Inventories	$ 164,625	$ 163,012

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent						28.00%
Effective Income Tax Rate Reconciliation, Percent, Total	24.80%	31.20%	25.00%	24.40%
Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent					21.00%
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Income Tax Examination, Year under Examination			2016

Note 8 - Debt (Details Textual)

Note 8 - Debt (Details Textual) $ in Thousands	Dec. 21, 2018USD ($)	Jan. 31, 2019USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)	Jun. 30, 2018USD ($)
Proceeds from Long-term Lines of Credit				$ 16,000
Long-term Line of Credit, Total			$ 8,000	8,000
Revolving Credit Facility [Member] | The Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 165,000
Debt Issuance Costs, Net, Total	600
Proceeds from Long-term Lines of Credit		$ 16,000
Repayments of Lines of Credit			8,000
Long-term Line of Credit, Total			8,000	8,000
Interest Expense, Debt, Total				100
Debt Covenant, Fixed Charge Coverage Ratio, Maximum Unused Availability	$ 18,500
Debt Instrument, Covenant, Minimum Fixed Charge Coverage Ratio	1
Line of Credit Facility, Remaining Borrowing Capacity			150,800	$ 150,800		108,800
Revolving Credit Facility [Member] | The Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%			1.50%
One Month LIBOR Rate				2.50%
Revolving Credit Facility [Member] | The Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Revolving Credit Facility [Member] | The Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Revolving Credit Facility [Member] | The Facility [Member] | Fed Funds Effective Rate Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Revolving Credit Facility [Member] | The Facility [Member] | Additional Margin on Variable Rate Option [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Revolving Credit Facility [Member] | The Facility [Member] | Additional Margin on Variable Rate Option [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Standby Letters of Credit [Member] | The Facility [Member]
Letters of Credit Outstanding, Amount			$ 6,200	$ 6,200		$ 6,200

Note 8 - Debt - Total Debt Obli

Note 8 - Debt - Total Debt Obligations (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Long-term Line of Credit, Total	$ 8,000
Capital leases	1,202	1,680
Total debt	9,202	1,680
Less current maturities	544	584
Total long-term debt	$ 8,658	$ 1,096

Note 8 - Debt - Aggregate Sched

Note 8 - Debt - Aggregate Scheduled Maturities of Debt (Details) $ in Thousands	Mar. 31, 2019USD ($)
2019 (remaining three months)	$ 135
2020	550
2021	437
2022	60
2023	20
2024 and thereafter	8,000
Total scheduled debt payments	$ 9,202

Note 9 - Share-based Compensa_3

Note 9 - Share-based Compensation (Details Textual)	9 Months Ended
	Mar. 31, 2019shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Contractual Term	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	1,489,996
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	0

Note 9 - Share-based Compensa_4

Note 9 - Share-based Compensation - Stock Options, Activity (Details)	9 Months Ended
	Mar. 31, 2019$ / sharesshares
Outstanding, options (in shares) | shares	561,595
Outstanding, Weighted average exercise price (in dollars per share) | $ / shares	$ 21.70
Granted, options (in shares) | shares	25,590
Granted, Weighted average exercise price (in dollars per share) | $ / shares	$ 23.45
Exercised, options (in shares) | shares	(50,250)
Exercised, Weighted average exercise price (in dollars per share) | $ / shares	$ 15.89
Canceled (forfeited/expired), options (in shares) | shares	(140,364)
Canceled (forfeited/expired), Weighted average exercise price (in dollars per share) | $ / shares	$ 23.03
Outstanding, options (in shares) | shares	396,571
Outstanding, Weighted average exercise price (in dollars per share) | $ / shares	$ 22.07
Exercisable, options (in shares) | shares	316,699
Exercisable, Weighted average exercise price (in dollars per share) | $ / shares	$ 20.91

Note 9 - Share-based Compensa_5

Note 9 - Share-based Compensation - Restricted Stock and Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member]	9 Months Ended
	Mar. 31, 2019$ / sharesshares
Outstanding, Stock unit awards (in shares) | shares	330,369
Outstanding, Weighted average grant date fair value (in dollars per share) | $ / shares	$ 26.15
Granted, Stock unit awards (in shares) | shares	105,644
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	$ 18.60
Vested, Stock unit awards (in shares) | shares
Vested, weighted average grant date fair value (in dollars per share) | $ / shares
Canceled (forfeited/expired), Stock unit awards (in shares) | shares	(33,227)
Canceled (forfeited/expired), weighted average grant date fair value (in dollars per share) | $ / shares	$ 23.36
Outstanding, Stock unit awards (in shares) | shares	402,786
Outstanding, Weighted average grant date fair value (in dollars per share) | $ / shares	$ 24.40

Note 10 - Earnings Per Share (D

Note 10 - Earnings Per Share (Details Textual) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Stock Options And Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	260,571	197,411
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	269,138	233,596

Note 10 - Earnings Per Share -

Note 10 - Earnings Per Share - Calculation of Weighted Average Shares (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Weighted average shares outstanding for basic calculation (in shares)	26,705	27,476	26,690	27,469
Dilutive effect of stock options and other share-based awards (in shares)	46	216	59	256
Weighted average shares outstanding adjusted for dilution calculation (in shares)	26,751	27,692	26,749	27,725

Note 11 - Accumulated Other C_3

Note 11 - Accumulated Other Comprehensive Loss - Activity in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Mar. 31, 2019	Mar. 31, 2018
Balance	$ 369,665	$ 389,987	$ 383,870	$ 402,694	$ 402,272	$ 400,896	$ 383,870	$ 400,896
Other comprehensive income (loss) net of tax	283	(1,214)	1,221	1,444	(1,410)	(144)	290	(110)
Balance	373,049	$ 369,665	389,987	$ 401,399	$ 402,694	$ 402,272	373,049	$ 401,399
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance			$ (6,171)				(6,171)
Changes before reclassifications							355
Amounts reclassified from accumulated other comprehensive income							0
Other comprehensive income (loss) net of tax							355
Balance	$ (5,816)						$ (5,816)

Note 12 - Segment Information_2

Note 12 - Segment Information (Details Textual)	9 Months Ended
	Mar. 31, 2019
Number of Company Operated Design Centers	142
Number of Independently Operated Design Centers	161
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Retail Segment [Member]
Concentration Risk, Percentage	79.00%
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Wholesale Segment [Member]
Concentration Risk, Percentage	21.00%

Note 12 - Segment Information -

Note 12 - Segment Information - Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Jun. 30, 2018
Net sales		$ 177,829	$ 181,419	$ 562,766	$ 561,202
Operating Income		10,669	3,873	38,596	32,960
Depreciation and amortization		4,924	4,915	14,849	14,955
Capital Expenditures		2,036	4,140	6,990	9,121
Assets		532,832		532,832		$ 530,433
Operating Segments [Member]
Net sales		247,314		776,766
Intersegment Eliminations [Member]
Net sales		(69,485)	(74,405)	(214,000)	(218,740)
Operating Income	[1]	(707)	(1,158)	2,332	2,307
Wholesale Segment [Member]
Depreciation and amortization		1,914	2,002	5,771	5,827
Capital Expenditures		726	1,561	2,407	3,076
Assets		247,343		247,343		241,616
Wholesale Segment [Member] | Operating Segments [Member]
Net sales		108,367	118,921	334,097	348,473
Operating Income		13,045	7,927	36,181	36,957
Retail Segment [Member]
Depreciation and amortization		3,010	2,913	9,078	9,128
Capital Expenditures		1,310	2,579	4,583	6,045
Assets		311,132		311,132		317,590
Retail Segment [Member] | Operating Segments [Member]
Net sales		138,947	136,903	442,669	431,469
Operating Income		(1,669)	$ (2,896)	83	$ (6,304)
Inventory Profit Elimination [Member]
Assets	[2]	$ (25,643)		$ (25,643)		$ (28,773)
[1]	Represents the change in wholesale profit contained in the retail segment inventory at the end of the period.
[2]	Represents the wholesale profit contained in the retail segment inventory that has not yet been realized. These profits are realized when the related inventory is sold.