Ethan Allen Interiors (ETD) 10-Q 4 Nov 19 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2019	Oct. 28, 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	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding (in shares)		26,589,445
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Title of 12(b) Security	Common Stock $0.01 par value

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019
ASSETS
Cash and cash equivalents	$ 45,876	$ 20,824
Accounts receivable, net	12,345	14,247
Inventories, net	151,421	162,389
Prepaid expenses and other current assets	23,189	18,830
Total current assets	232,831	216,290
Property, plant and equipment, net	244,574	245,246
Goodwill	25,388	25,388
Intangible assets	19,740	19,740
Operating lease right-of-use assets	127,837
Deferred income taxes	2,060	2,108
Other assets	1,469	1,579
Total assets	653,899	510,351
Current liabilities:
Accounts payable and accrued expenses	29,020	35,485
Customer Deposits	65,195	56,714
Accrued compensation and benefits	22,508	21,327
Short-term debt		550
Current operating lease liabilities	30,662
Other current liabilities	12,514	8,750
Total current liabilities	159,899	122,826
Long-term debt		516
Operating lease liabilities, long-term	119,235
Deferred income taxes	1,037	1,069
Other long-term liabilities	3,225	22,011
Total liabilities	283,396	146,422
Commitments and contingencies (see Note 14)
Shareholders' equity:
Preferred stock, $0.01 par value; 1,055 shares authorized; none issued
Common stock, $0.01 par value, 150,000 shares authorized, 49,050 and 49,049 shares issued; 26,588 and 26,587 shares outstanding at September 30, 2019 and June 30, 2019, respectively	491	491
Additional paid-in capital	378,082	377,913
Treasury stock, at cost: 22,462 and 22,462 shares at September 30, 2019 and June 30, 2019, respectively	(656,597)	(656,597)
Retained earnings	654,621	647,710
Accumulated other comprehensive loss	(6,150)	(5,651)
Total Ethan Allen Interiors Inc. shareholders' equity	370,447	363,866
Noncontrolling interests	56	63
Total shareholders' equity	370,503	363,929
Total liabilities and shareholders' equity	$ 653,899	$ 510,351

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares shares in Thousands	Sep. 30, 2019	Jun. 30, 2019
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)	0	0
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)	49,050	49,049
Common stock, shares outstanding (in shares)	26,588	26,587
Treasury stock, shares (in shares)	22,462	22,462

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Net sales	$ 173,921	$ 187,785
Cost of sales	80,127	86,335
Gross profit	93,794	101,450
Selling, general and administrative expenses	86,010	89,651
Restructuring and impairment charges (gains)	(10,857)
Operating income	18,641	11,799
Interest income, net of interest (expense)	19	(27)
Income before income taxes	18,660	11,772
Provision for income taxes	4,554	2,932
Net income	$ 14,106	$ 8,840
Basic earnings per common share:
Net income per basic share (in dollars per share)	$ 0.53	$ 0.33
Basic weighted average common shares (in shares)	26,713	26,539
Diluted earnings per common share:
Net income per diluted share (in dollars per share)	$ 0.53	$ 0.33
Diluted weighted average common shares (in shares)	26,750	26,940
Comprehensive income
Net income	$ 14,106	$ 8,840
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(499)	1,247
Other	(7)	(26)
Other comprehensive income (loss), net of tax	(506)	1,221
Comprehensive income	$ 13,600	$ 10,061

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash Flows from Operating Activities
Net income	$ 14,106	$ 8,840
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,976	5,000
Shared-based compensation expense	151	491
Non-cash operating lease cost	8,022
Deferred income taxes	564	99
Restructuring and impairment charges (gains)	(6,717)
Restructuring payments	(4,071)
Loss on disposal of property, plant and equipment	9	12
Other	79	104
Change in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable, net	1,767	(408)
Inventories	8,999	(2,707)
Prepaid expenses and other current assets	(3,980)	(1,538)
Customer Deposits	7,943	6,328
Accounts payable and accrued expenses	(4,763)	1,336
Accrued compensation and benefits	2,734	4,592
Operating lease liabilities	(8,066)
Other assets and liabilities	2,643	2,291
Net cash provided by operating activities	23,396	24,440
Cash Flows from Investing Activities
Proceeds from disposal of property, plant and equipment	11,615
Capital expenditures	(3,414)	(2,777)
Acquisitions, net of cash acquired	(1,281)
Other investing activities	20	32
Net cash provided by (used in) investing activities	6,940	(2,745)
Cash Flows from Financing Activities
Payments on debt and finance lease liabilities	(137)	(165)
Payment of cash dividends	(5,075)	(5,065)
Other financing activities	18	637
Net cash used in financing activities	(5,194)	(4,593)
Effect of exchange rate changes on cash and cash equivalents	(90)	125
Net increase in cash and cash equivalents	25,052	17,227
Cash and cash equivalents at beginning of period	20,824	22,363
Cash and cash equivalents at end of period	$ 45,876	$ 39,590

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, 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, 2019	49,049		22,462
Balance at Jun. 30, 2019	$ 491	377,913	$ (656,597)	(5,651)	647,710	63	363,929
Net income					14,106		14,106
Common stock issued on share-based awards (in shares)	1
Common stock issued on share-based awards		18					18
Share-based compensation expense		151					151
Impact of ASU 2016-02 adoption, net of tax					(1,585)		(1,585)
Cash dividends declared					(5,610)		(5,610)
Other comprehensive income (loss)				(499)		(7)	(506)
Balance (in shares) at Sep. 30, 2019	49,050		22,462
Balance at Sep. 30, 2019	$ 491	$ 378,082	$ (656,597)	$ (6,150)	$ 654,621	$ 56	$ 370,503

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Business	3 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Nature of Operations [Text Block]	( 1 Organization and Nature of Business Founded in 1932 1989, 300 nine six two one

Note 2 - Interim Basis of Prese

Note 2 - Interim Basis of Presentation	3 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	( 2 Interim Basis of Presentation Use of Estimates . not Principles of Consolidation. two two three September 30, 2019 not may 2019 10 “2019 10 Reclassifications. not The Company has evaluated subsequent events through the date that the financial statements were issued.

Note 3 - Recent Accounting Pron

Note 3 - Recent Accounting Pronouncements	3 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	( 3 Recent Accounting Pronouncements New Accounting Standards or Updates Recently Adopted Leases February 2016, 2016 02, Leases (Topic 842 2016 02 December 15, 2018, July 2018, We adopted ASU 2016 02 July 1, 2019 not not not not not not July 1, 2019. 12 Upon adoption we recognized operating lease assets of $129.7 $149.7 $20.0 June 30, 2019 July 1, 2019, $1.6 not 6 2016 02. Recent Accounting Standards or Updates 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 September 30, 2019

Note 4 - Revenue Recognition

Note 4 - Revenue Recognition	3 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	( 4 Revenue Recognition 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. 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 Estimated refunds for sales returns and allowances are based on our historical return patterns. We record these estimated refunds 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 Other current liabilitie s September 30, 2019 June 30, 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, 2019 $56.7 $46.5 three September 30, 2019. $65.2 September 30, 2019. The following table disaggregates net sales by product category by segment for the three September 30, 2019 ( Wholesale Retail Total Upholstery furniture (1) $ 50,020 $ 63,236 $ 113,256 Case goods furniture (2) 34,029 38,760 72,789 Accents (3) 17,997 29,982 47,979 Other (4) (717 ) 5,288 4,571 Total before intercompany eliminations $ 101,329 $ 137,266 238,595 Intercompany eliminations (5) (64,674 ) Consolidated net sales $ 173,921 ( 1 Upholstery furniture includes fabric-covered items such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics and leather. ( 2 Case goods furniture includes items such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents. ( 3 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. ( 4 Other includes product delivery sales, the Ethan Allen Hotel room rentals and banquets, sales of third ( 5 Represents the elimination of all intercompany wholesale segment sales to the retail segment during the period presented.

Note 5 - Inventories

Note 5 - Inventories	3 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Inventory Disclosure [Text Block]	( 5 Inventories Inventories are stated at the lower of cost (on first first Inventories at September 30, 2019 June 30, 2019 September 30, June 30, 2019 2019 Finished goods $ 119,272 $ 128,047 Work in process 9,545 9,185 Raw materials 24,114 26,661 Inventory reserve (1,510 ) (1,504 ) Inventories, net $ 151,421 $ 162,389

Note 6 - Leases

Note 6 - Leases	3 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Lessee, Leases [Text Block]	( 6 Leases During the first 2020, 2016 02 Lease Accounting Policy The Company has operating leases for many of its design centers that expire at various dates through fiscal 2040. three five Lease right-of-use assets represent the right to use an underlying asset pursuant to the lease for the lease term, and lease liabilities represent the obligation to make lease payments arising from the lease. Lease right-of-use assets and lease liabilities are recognized at the commencement of an arrangement where it is determined at inception that a lease exists. These assets and liabilities are initially recognized based on the present value of lease payments over the lease term calculated using our incremental borrowing rate generally applicable to the location of the lease right-of-use asset, unless an implicit rate is readily determinable. We combine lease and certain non-lease components for our design center real estate leases in determining the lease payments subject to the initial present value calculation. Lease right-of-use assets include upfront lease payments and exclude lease incentives, where applicable. Lease terms include options to extend or terminate the lease when it is reasonably certain that those options will be exercised. Lease expense for operating leases consists of both fixed and variable components. Expense related to fixed lease payments are recognized on a straight-line basis over the lease term. Variable lease payments are generally expensed as incurred, where applicable, and include certain index-based changes in rent, certain non-lease components, such as maintenance and other services provided by the lessor, and other charges included in the lease. Leases with an initial term of twelve not not We have elected the short-term lease exemption, whereby leases with initial terms of one not Key Estimates and Judgments Key estimates and judgments in applying ASU 2016 02 ASC 842 not may not July 1, 2019 not The Company's lease terms and discount rates are as follows: September 30, 2019 Weighted-average remaining lease term (in years) Operating leases 6.7 Finance leases 1.8 Weighted-average discount rate Operating leases 3.7 % Finance leases 4.6 % The following table discloses the location and amount of our operating and finance lease costs within our consolidated statement of comprehensive income (in thousands): Statement of Comprehensive Income Location Three months ended September 30, 2019 Operating lease cost Selling, general and administrative (“SG&A”) $ 8,022 Finance lease cost: Depreciation of property SG&A 146 Interest on lease liabilities Interest income, net of interest (expense) 9 Short-term lease cost SG&A 387 Variable lease cost (1) SG&A 2,463 Less: Sublease income SG&A (506 ) Total lease expense $ 10,521 ( 1 Variable lease payments include index-based changes in rent, maintenance, real estate taxes, insurance and other charges included in the lease. Operating lease rent expense during the three September 30, 2018, $8.0 $0.5 The following table discloses the operating and finance lease assets and liabilities recognized within our consolidated balance sheet as of September 30, 2019 ( Consolidated Balance Sheet Location September 30, 2019 Assets Operating leases Operating lease right-of-use assets (non-current) $ 127,837 Finance leases Property, plant and equipment, net 953 Total lease assets $ 128,790 Liabilities Current: Operating leases Current operating lease liabilities $ 30,662 Finance leases Other current liabilities 582 Noncurrent: Operating leases Operating lease liabilities, long-term 119,235 Finance leases Other long-term liabilities 347 Total lease liabilities $ 150,826 The ROU assets by segment are as follows as of September 30, 2019 ( Retail $ 127,904 Wholesale 886 Total ROU assets $ 128,790 The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable leases with terms of more than one September 30, 2019 ( Fiscal Year Operating Leases Finance Leases Remainder of fiscal 2020 (nine months) $ 25,971 $ 441 2021 31,627 440 2022 27,563 59 2023 21,189 20 2024 16,100 - Thereafter 49,489 - Total undiscounted future minimum lease payments 171,939 960 Less: imputed interest (22,042 ) (31 ) Total present value of lease obligations $ 149,897 $ 929 At September 30, 2019, not not Other information for the Company's leases is as follows (in thousands): Three months ended September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 8,851 Operating cash flows from finance leases $ 147 Operating lease assets obtained in exchange for new operating lease liabilities $ 6,916 At the beginning of fiscal 2020, 2016 02, June 30, 2019, Fiscal Year Operating Leases Finance Leases (1) 2020 $ 33,761 $ 550 2021 30,534 437 2022 26,443 60 2023 20,276 19 2024 15,345 - Thereafter 43,500 - Total $ 169,859 $ 1,066 ( 1 As of June 30, 2019, $1.1

Note 7 - Income Taxes

Note 7 - Income Taxes	3 Months Ended
	Sep. 30, 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 operating 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 change 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 files 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 We are subject to a U.S. federal statutory tax rate of 21% June 30, 2020. 24.4% three September 30, 2019 24.9% first

Note 8 - Debt

Note 8 - Debt	3 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	( 8 Debt Total debt obligations at September 30, 2019 June 30, 2019 September 30, June 30, 2019 2019 Borrowings under revolving credit facility $ - $ - Capital leases (1) - 1,066 Total debt - 1,066 Less current maturities - 550 Total long-term debt $ - $ 516 ( 1 Capital leases were previously reported as debt as of June 30, 2019. 6 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 As of September 30, 2019, no Debt Obligations As of September 30, 2019, no three September 30, 2019 2018 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 September 30, 2019 June 30, 2019, $5.9 $6.1 $148.4 September 30, 2019 $158.9 June 30, 2019. September 30, 2019 June 30, 2019,

Note 9 - Restructuring and Impa

Note 9 - Restructuring and Impairment Activities	3 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	( 9 Restructuring and Impairment Activities Optimization of Manufacturing and Logistics During the fourth 2019, June 30, 2019, 325 55 During the first 2020, first 2020 $1.7 $1.1 $0.4 $0.2 $1.1 Cost of Sales $0.6 Restructuring and Impairment Charges (Gains) As part of our optimization plans, we completed the sale of our Passaic property in September 2019 third $12.4 $0.9 $11.5 first 2020, Restructuring and Impairment Charges (Gains) Inventory Write-downs During the first 2020 $3.1 $2.7 $0.4 Cost of Sale s. Summary of Restructuring , Impairments and Other r elated charges (gains) Restructuring, impairment and other related costs incurred during the first 2020 Three months ended September 30, 2019 Optimization of manufacturing and logistics $ 640 Gain on sale of Passaic property (11,497 ) Total Restructuring and other exit costs (income) $ (10,857 ) Manufacturing overhead costs 1,052 (1) Inventory write-downs 3,088 (1) Total $ (6,717 ) ( 1 Manufacturing overhead costs and inventory write-downs are reported within Cost of Sales Restructuring and Other Related Charges Rollforward The Company’s restructuring activity is summarized in the table below (in thousands): Fiscal 2020 Activity Optimization of Manufacturing and Logistics Balance June 30, 2019 New Charges (Income) Non-Cash (Payments) Receipts Balance Sept 30, 2019 Employee severance, other payroll and benefit costs $ 1,714 $ 449 $ - $ (2,002 ) $ 161 (1) Manufacturing overhead costs - 1,052 - (1,052 ) - Gain on sale of Passaic property - (11,497 ) 245 11,612 (130 ) (2) Other exit and relocation costs - 191 (465 ) (697 ) (41 ) (3) Sub-total $ 1,714 $ (9,805 ) $ (220 ) $ 7,861 $ (10 ) Inventory write-downs Inventory write-downs $ - $ 3,088 $ 3,088 $ - $ - Other Restructuring and Impairment Charges Lease exit costs (remaining lease rentals) $ 3,145 $ - $ 2,878 $ (267 ) $ - (4) Other charges (income) 224 - - (53 ) 171 (5) Sub-total 3,369 - 2,878 (320 ) 171 Total Restructuring, Impairments and other exit costs $ 5,083 $ (6,717 ) $ 5,746 $ 7,541 $ 161 ( 1 Remaining severance expected to be paid during the second 2020. $0.2 Acc rued compensation and benefit s September 30, 2019. ( 2 The remaining balance of $0.1 September 30, 2019 Other current liabilities. ( 3 Balance represents proceeds to be received from inventory sold at auction in the closing of the Passaic property. We expect to receive the proceeds from these sales during the second 2020. Prepaid expenses and other current assets September 30, 2019. ( 4 The previously recorded vacant space liability was reclassified from Accounts payable and accrued expenses Other long-term liabilities Operating lease right-of-use assets 2016 02, 420 ( 5 The remaining balance from the other charges (income) as of September 30, 2019 Accounts payable and accrued expenses

Note 10 - Share-based Compensat

Note 10 - Share-based Compensation	3 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	( 10 Share-Based Compensation During the three September 30, 2019 2018, $0.2 $0.5 September 30, 2019, $1.8 2.3 no three September 30, 2019 2018. At September 30, 2019, 1,470,810 10 one three A summary of stock option activity during the three September 30, 2019 Weighted Average Options Exercise Price Outstanding at June 30, 2019 378,911 $ 21.95 Granted 34,188 $ 17.55 Exercised (1,500 ) $ 11.74 Canceled (forfeited/expired) (17,497 ) $ 25.61 Outstanding at September 30, 2019 394,102 $ 21.45 Exercisable at September 30, 2019 322,483 $ 21.36 There were no first Q1 2020 Q1 2019 Volatility 30.8 % 31.3 % Risk-free rate of return 1.55 % 2.80 % Dividend yield 3.97 % 3.24 % Expected average life (years) 5.3 5.0 A summary of stock unit awards activity during the three September 30, 2019 Units Grant Date Fair Value Outstanding at June 30, 2019 313,882 $ 22.82 Granted 99,405 $ 12.72 Vested - $ - Canceled (forfeited/expired) - $ - Outstanding at September 30, 2019 413,287 $ 20.37 We estimate, as of the date of grant, the fair value of performance stock units with a discounted cash flow model, using as model inputs the risk-free rate of return as the discount rate, dividend yield for dividends not one first 2020 2019, Q1 2020 Q1 2019 Volatility 30.5 % 32.1 % Risk-free rate of return 1.72 % 2.72 % Dividend yield 3.97 % 3.24 % Expected average life (years) 3.0 3.0 There was no 2020. September 30, 2019, no

Note 11 - Earnings Per Share

Note 11 - Earnings Per Share	3 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	( 11 Earnings Per Share Basic and diluted earnings per share (“EPS”) are calculated using the following weighted average share data (in thousands): Three months ended September 30, 2019 2018 Weighted average shares outstanding for basic calculation 26,713 26,539 Dilutive effect of stock options and other share-based awards 37 401 Weighted average shares outstanding adjusted for dilution calculation 26,750 26,940 Dilutive potential common shares consist of stock options and performance stock units. As of September 30, 2019 2018, 232,914 157,294 As of September 30, 2019 2018, 287,287 288,815, .

Note 12 - Accumulated Other Com

Note 12 - Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	( 12 Accumulated Other Comprehensive Income ( Loss ) Accumulated other comprehensive income (loss) consists of foreign currency translation adjustments which are the result of changes in foreign currency exchange rates related to our operations outside the U.S. Assets and liabilities are translated into U.S. dollars using the current period-end exchange rate and income and expense amounts are translated using the average exchange rate for the period in which the transaction occurred. The following table sets forth the activity in accumulated other comprehensive loss for the fiscal year-to-date period ended September 30, 2019 ( Three months ended September 30, 2019 2018 Beginning balance at July 1 $ (5,651 ) $ (6,171 ) Foreign currency translation adjustments (499 ) 1,247 Amounts reclassified from accumulated other comprehensive income - - Current period other comprehensive income (loss) (499 ) 1,247 Ending balance at September 30 $ (6,150 ) $ (4,924 )

Note 13 - Segment Information

Note 13 - Segment Information	3 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	( 13 Segment Information Our operating segments are aligned with how the Company, including its chief operating decision maker, manages the business. As such, our reportable operating segments are the Wholesale segment and the Retail segment. 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 revenues 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 September 30, 2019, 145 156 79% three September 30, 2019. 21%. Segment information for the three September 30, 2019 2018 Three months ended September 30, 2019 2018 Net sales Wholesale segment $ 101,329 $ 118,072 Retail segment 137,266 145,214 Elimination of intercompany sales (64,674 ) (75,501 ) Consolidated Total $ 173,921 $ 187,785 Income before income taxes Wholesale segment $ 16,928 $ 14,315 Retail segment 1,564 (1,559 ) Elimination of intercompany profit (a) 149 (957 ) Operating income 18,641 11,799 Interest income, net of interest (expense) 19 (27 ) Consolidated Total $ 18,660 $ 11,772 Depreciation and amortization Wholesale segment $ 1,890 $ 1,961 Retail segment 2,086 3,039 Consolidated Total $ 3,976 $ 5,000 Capital expenditures Wholesale segment $ 1,163 $ 850 Retail segment 2,251 1,927 Consolidated Total $ 3,414 $ 2,777 (a) Represents the change in wholesale profit contained in the retail segment inventory at the end of the period. September 30, June 30, 2019 2019 Total Assets: Wholesale segment $ 249,539 $ 237,354 Retail segment 430,563 299,125 Inventory profit elimination (b) (26,203 ) (26,128 ) Consolidated Total $ 653,899 $ 510,351 (b) Represents the wholesale profit contained in the retail segment inventory that has not

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	3 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	( 14 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 20 2019 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 September 30, 2019, not

Note 4 - Revenue Recognition (T

Note 4 - Revenue Recognition (Tables)	3 Months Ended
	Sep. 30, 2019
Notes Tables
Disaggregation of Revenue [Table Text Block]	Wholesale Retail Total Upholstery furniture (1) $ 50,020 $ 63,236 $ 113,256 Case goods furniture (2) 34,029 38,760 72,789 Accents (3) 17,997 29,982 47,979 Other (4) (717 ) 5,288 4,571 Total before intercompany eliminations $ 101,329 $ 137,266 238,595 Intercompany eliminations (5) (64,674 ) Consolidated net sales $ 173,921

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	3 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 30, June 30, 2019 2019 Finished goods $ 119,272 $ 128,047 Work in process 9,545 9,185 Raw materials 24,114 26,661 Inventory reserve (1,510 ) (1,504 ) Inventories, net $ 151,421 $ 162,389

Note 6 - Leases (Tables)

Note 6 - Leases (Tables)	3 Months Ended
	Sep. 30, 2019
Notes Tables
Lease, Cost [Table Text Block]	September 30, 2019 Weighted-average remaining lease term (in years) Operating leases 6.7 Finance leases 1.8 Weighted-average discount rate Operating leases 3.7 % Finance leases 4.6 % Statement of Comprehensive Income Location Three months ended September 30, 2019 Operating lease cost Selling, general and administrative (“SG&A”) $ 8,022 Finance lease cost: Depreciation of property SG&A 146 Interest on lease liabilities Interest income, net of interest (expense) 9 Short-term lease cost SG&A 387 Variable lease cost (1) SG&A 2,463 Less: Sublease income SG&A (506 ) Total lease expense $ 10,521
Lease, Balance Sheet Disclosure [Table Text Block]	Consolidated Balance Sheet Location September 30, 2019 Assets Operating leases Operating lease right-of-use assets (non-current) $ 127,837 Finance leases Property, plant and equipment, net 953 Total lease assets $ 128,790 Liabilities Current: Operating leases Current operating lease liabilities $ 30,662 Finance leases Other current liabilities 582 Noncurrent: Operating leases Operating lease liabilities, long-term 119,235 Finance leases Other long-term liabilities 347 Total lease liabilities $ 150,826 Retail $ 127,904 Wholesale 886 Total ROU assets $ 128,790
Lessee, Leases, Liability, Maturity [Table Text Block]	Fiscal Year Operating Leases Finance Leases Remainder of fiscal 2020 (nine months) $ 25,971 $ 441 2021 31,627 440 2022 27,563 59 2023 21,189 20 2024 16,100 - Thereafter 49,489 - Total undiscounted future minimum lease payments 171,939 960 Less: imputed interest (22,042 ) (31 ) Total present value of lease obligations $ 149,897 $ 929
Lease, Supplemental Lease Information [Table Text Block]	Three months ended September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 8,851 Operating cash flows from finance leases $ 147 Operating lease assets obtained in exchange for new operating lease liabilities $ 6,916
Schedule of Future Minimum Rental Payments for Leases [Table Text Block]	Fiscal Year Operating Leases Finance Leases (1) 2020 $ 33,761 $ 550 2021 30,534 437 2022 26,443 60 2023 20,276 19 2024 15,345 - Thereafter 43,500 - Total $ 169,859 $ 1,066

Note 8 - Debt (Tables)

Note 8 - Debt (Tables)	3 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Debt [Table Text Block]	September 30, June 30, 2019 2019 Borrowings under revolving credit facility $ - $ - Capital leases (1) - 1,066 Total debt - 1,066 Less current maturities - 550 Total long-term debt $ - $ 516

Note 9 - Restructuring and Im_2

Note 9 - Restructuring and Impairment Activities (Tables)	3 Months Ended
	Sep. 30, 2019
Notes Tables
Restructuring and Related Costs [Table Text Block]	Three months ended September 30, 2019 Optimization of manufacturing and logistics $ 640 Gain on sale of Passaic property (11,497 ) Total Restructuring and other exit costs (income) $ (10,857 ) Manufacturing overhead costs 1,052 (1) Inventory write-downs 3,088 (1) Total $ (6,717 )
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	Fiscal 2020 Activity Optimization of Manufacturing and Logistics Balance June 30, 2019 New Charges (Income) Non-Cash (Payments) Receipts Balance Sept 30, 2019 Employee severance, other payroll and benefit costs $ 1,714 $ 449 $ - $ (2,002 ) $ 161 (1) Manufacturing overhead costs - 1,052 - (1,052 ) - Gain on sale of Passaic property - (11,497 ) 245 11,612 (130 ) (2) Other exit and relocation costs - 191 (465 ) (697 ) (41 ) (3) Sub-total $ 1,714 $ (9,805 ) $ (220 ) $ 7,861 $ (10 ) Inventory write-downs Inventory write-downs $ - $ 3,088 $ 3,088 $ - $ - Other Restructuring and Impairment Charges Lease exit costs (remaining lease rentals) $ 3,145 $ - $ 2,878 $ (267 ) $ - (4) Other charges (income) 224 - - (53 ) 171 (5) Sub-total 3,369 - 2,878 (320 ) 171 Total Restructuring, Impairments and other exit costs $ 5,083 $ (6,717 ) $ 5,746 $ 7,541 $ 161

Note 10 - Share-based Compens_2

Note 10 - Share-based Compensation (Tables)	3 Months Ended
	Sep. 30, 2019
Notes Tables
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Weighted Average Options Exercise Price Outstanding at June 30, 2019 378,911 $ 21.95 Granted 34,188 $ 17.55 Exercised (1,500 ) $ 11.74 Canceled (forfeited/expired) (17,497 ) $ 25.61 Outstanding at September 30, 2019 394,102 $ 21.45 Exercisable at September 30, 2019 322,483 $ 21.36
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Q1 2020 Q1 2019 Volatility 30.8 % 31.3 % Risk-free rate of return 1.55 % 2.80 % Dividend yield 3.97 % 3.24 % Expected average life (years) 5.3 5.0
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	Units Grant Date Fair Value Outstanding at June 30, 2019 313,882 $ 22.82 Granted 99,405 $ 12.72 Vested - $ - Canceled (forfeited/expired) - $ - Outstanding at September 30, 2019 413,287 $ 20.37
Schedule of Share-based Payment Award, Restricted Stock Units, Valuation Assumptions [Table Text Block]	Q1 2020 Q1 2019 Volatility 30.5 % 32.1 % Risk-free rate of return 1.72 % 2.72 % Dividend yield 3.97 % 3.24 % Expected average life (years) 3.0 3.0

Note 11 - Earnings Per Share (T

Note 11 - Earnings Per Share (Tables)	3 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended September 30, 2019 2018 Weighted average shares outstanding for basic calculation 26,713 26,539 Dilutive effect of stock options and other share-based awards 37 401 Weighted average shares outstanding adjusted for dilution calculation 26,750 26,940

Note 12 - Accumulated Other C_2

Note 12 - Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three months ended September 30, 2019 2018 Beginning balance at July 1 $ (5,651 ) $ (6,171 ) Foreign currency translation adjustments (499 ) 1,247 Amounts reclassified from accumulated other comprehensive income - - Current period other comprehensive income (loss) (499 ) 1,247 Ending balance at September 30 $ (6,150 ) $ (4,924 )

Note 13 - Segment Information (

Note 13 - Segment Information (Tables)	3 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three months ended September 30, 2019 2018 Net sales Wholesale segment $ 101,329 $ 118,072 Retail segment 137,266 145,214 Elimination of intercompany sales (64,674 ) (75,501 ) Consolidated Total $ 173,921 $ 187,785 Income before income taxes Wholesale segment $ 16,928 $ 14,315 Retail segment 1,564 (1,559 ) Elimination of intercompany profit (a) 149 (957 ) Operating income 18,641 11,799 Interest income, net of interest (expense) 19 (27 ) Consolidated Total $ 18,660 $ 11,772 Depreciation and amortization Wholesale segment $ 1,890 $ 1,961 Retail segment 2,086 3,039 Consolidated Total $ 3,976 $ 5,000 Capital expenditures Wholesale segment $ 1,163 $ 850 Retail segment 2,251 1,927 Consolidated Total $ 3,414 $ 2,777 September 30, June 30, 2019 2019 Total Assets: Wholesale segment $ 249,539 $ 237,354 Retail segment 430,563 299,125 Inventory profit elimination (b) (26,203 ) (26,128 ) Consolidated Total $ 653,899 $ 510,351

Note 3 - Recent Accounting Pr_2

Note 3 - Recent Accounting Pronouncements (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2019	Jul. 01, 2019	Jun. 30, 2019
Operating Lease, Right-of-Use Asset	$ 127,837
Operating Lease, Liability, Total	$ 149,897
Other Noncurrent Liabilities [Member]
Deferred Rent and Lease Incentives			$ (20,000)
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset		$ 129,700
Operating Lease, Liability, Total		149,700
Accounting Standards Update 2016-02 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption		$ (1,600)

Note 4 - Revenue Recognition (D

Note 4 - Revenue Recognition (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2019	Jun. 30, 2019
Contract with Customer, Liability, Total	$ 65.2	$ 56.7
Contract with Customer, Liability, Revenue Recognized	$ 46.5

Note 4 - Revenue Recognition -

Note 4 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands		3 Months Ended
		Sep. 30, 2019		Sep. 30, 2018
Upholstery furniture		$ 173,921		$ 187,785
Operating Segments [Member]
Upholstery furniture		238,595
Intersegment Eliminations [Member]
Upholstery furniture		(64,674)	[1]	(75,501)
Upholstery Furniture [Member] | Operating Segments [Member]
Upholstery furniture	[2]	113,256
Case Goods Furniture [Member] | Operating Segments [Member]
Upholstery furniture	[3]	72,789
Accent [Member] | Operating Segments [Member]
Upholstery furniture	[4]	47,979
Manufactured Product, Other [Member] | Operating Segments [Member]
Upholstery furniture	[5]	4,571
Wholesale Segment [Member] | Operating Segments [Member]
Upholstery furniture		101,329		118,072
Wholesale Segment [Member] | Upholstery Furniture [Member] | Operating Segments [Member]
Upholstery furniture	[2]	50,020
Wholesale Segment [Member] | Case Goods Furniture [Member] | Operating Segments [Member]
Upholstery furniture	[3]	34,029
Wholesale Segment [Member] | Accent [Member] | Operating Segments [Member]
Upholstery furniture	[4]	17,997
Wholesale Segment [Member] | Manufactured Product, Other [Member] | Operating Segments [Member]
Upholstery furniture	[5]	(717)
Retail Segment [Member] | Operating Segments [Member]
Upholstery furniture		137,266		$ 145,214
Retail Segment [Member] | Upholstery Furniture [Member] | Operating Segments [Member]
Upholstery furniture	[2]	63,236
Retail Segment [Member] | Case Goods Furniture [Member] | Operating Segments [Member]
Upholstery furniture	[3]	38,760
Retail Segment [Member] | Accent [Member] | Operating Segments [Member]
Upholstery furniture	[4]	29,982
Retail Segment [Member] | Manufactured Product, Other [Member] | Operating Segments [Member]
Upholstery furniture	[5]	$ 5,288
[1]	Represents the elimination of all intercompany wholesale segment sales to the retail segment during the period presented.
[2]	Upholstery furniture includes fabric-covered items such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics and leather.
[3]	Case goods furniture includes items such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents.
[4]	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.
[5]	Other includes product delivery sales, the Ethan Allen Hotel room rentals and banquets, sales of third-party furniture protection plans and other miscellaneous product sales less prompt payment discounts, sales allowances and other incentives.

Note 5 - Inventories - Schedule

Note 5 - Inventories - Schedule of Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019
Finished goods	$ 119,272	$ 128,047
Work in process	9,545	9,185
Raw materials	24,114	26,661
Inventory reserve	(1,510)	(1,504)
Inventories, net	$ 151,421	$ 162,389

Note 6 - Leases (Details Textua

Note 6 - Leases (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2019		Jun. 30, 2019
Operating Lease, Cost	$ 8,000
Sublease Income	$ 500
Capital Lease Obligations, Total			[1]	$ 1,066
Minimum [Member]
Lessee, Finance Lease, Term of Contract		3 years
Maximum [Member]
Lessee, Finance Lease, Term of Contract		5 years
[1]	Capital leases were previously reported as debt as of June 30, 2019. Upon the adoption of the new leasing standard, the Company reclassified its capital lease obligations from short and long-term debt to other current liabilities and other long-current liabilities, respectively. Refer to Note 6 for further details regarding capital lease obligations.

Note 6 - Leases - Lease Costs (

Note 6 - Leases - Lease Costs (Details) - USD ($) $ in Thousands		3 Months Ended
		Sep. 30, 2019	Sep. 30, 2018
Operating leases (Year)		6 years 255 days
Finance leases (Year)		1 year 292 days
Operating leases		3.70%
Finance leases		4.60%
Operating lease cost			$ 8,000
Less: Sublease income			$ (500)
Total lease expense		$ 10,521
Selling, General and Administrative Expenses [Member]
Operating lease cost		8,022
Depreciation of property		146
Short-term lease cost		387
Variable lease cost(1)	[1]	2,463
Less: Sublease income		(506)
Interest Income [Member]
Interest on lease liabilities		$ 9
[1]	Variable lease payments include index-based changes in rent, maintenance, real estate taxes, insurance and other charges included in the lease.

Note 6 - Leases - Lease Assets

Note 6 - Leases - Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019
Operating leases	$ 127,837
Total lease assets	128,790
Operating leases	30,662
Operating leases	119,235
Total lease liabilities	150,826
Property, Plant and Equipment [Member]
Finance leases	953
Other Current Liabilities [Member]
Finance leases	582
Other Noncurrent Liabilities [Member]
Finance leases	347
Retail Segment [Member]
Total lease assets	127,904
Wholesale Segment [Member]
Total lease assets	$ 886

Note 6 - Leases - Future Minimu

Note 6 - Leases - Future Minimum Lease Payments (Details) $ in Thousands	Sep. 30, 2019USD ($)
Remainder of fiscal 2020 (nine months), operating leases	$ 25,971
Remainder of fiscal 2020 (nine months), finance leases	441
2021, operating leases	31,627
2021, finance leases	440
2022, operating leases	27,563
2022, finance leases	59
2023, operating leases	21,189
2023, finance leases	20
2024, operating leases	16,100
2024, finance leases
Thereafter, operating leases	49,489
Thereafter, finance leases
Total undiscounted future minimum lease payments, operating leases	171,939
Total undiscounted future minimum lease payments, finance leases	960
Less: imputed interest, operating leases	(22,042)
Less: imputed interest, finance leases	(31)
Total present value of lease obligations, operating leases	149,897
Total present value of lease obligations, finance leases	$ 929

Note 6 - Leases - Supplemental

Note 6 - Leases - Supplemental Information (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2019USD ($)
Operating cash flows from operating leases	$ 8,851
Operating cash flows from finance leases	147
Operating lease assets obtained in exchange for new operating lease liabilities	$ 6,916

Note 6 - Leases - Future Mini_2

Note 6 - Leases - Future Minimum Non-cancelable Lease Payments (Details) $ in Thousands	Jun. 30, 2019USD ($)
2020, operating leases	$ 33,761
2020, finance leases	550	[1]
2021, operating leases	30,534
2021, finance leases	437	[1]
2022, operating leases	26,443
2022, finance leases	60	[1]
2023, operating leases	20,276
2023, finance leases	19	[1]
2024, operating leases	15,345
2024, finance leases		[1]
Thereafter, operating leases	43,500
Thereafter, finance leases		[1]
Total, operating leases	169,859
Total, finance leases	$ 1,066	[1]
[1]	As of June 30, 2019, our capital lease obligations were $1.1 million of which the current and long-term portions were included within short-term debt and long-term debt, respectively, in the consolidated balance sheet. Monthly minimum lease payments were accounted for as principal and interest payments.

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual)	3 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2020
Effective Income Tax Rate Reconciliation, Percent, Total	24.40%	24.90%
Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%

Note 8 - Debt (Details Textual)

Note 8 - Debt (Details Textual) $ in Thousands	Dec. 21, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2019USD ($)
Long-term Line of Credit, Total
Revolving Credit Facility [Member] | The Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 165,000
Debt Issuance Costs, Net, Total	600
Long-term Line of Credit, Total		0
Interest Expense, Debt, Total		0	$ 2,018,000
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		148,400		158,900
Revolving Credit Facility [Member] | The Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%
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		$ 5,900		$ 6,100

Note 8 - Debt - Total Debt Obli

Note 8 - Debt - Total Debt Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2019		Jun. 30, 2019
Long-term Line of Credit, Total
Capital leases (1)		[1]	1,066
Total debt			1,066
Less current maturities			550
Total long-term debt			$ 516
[1]	Capital leases were previously reported as debt as of June 30, 2019. Upon the adoption of the new leasing standard, the Company reclassified its capital lease obligations from short and long-term debt to other current liabilities and other long-current liabilities, respectively. Refer to Note 6 for further details regarding capital lease obligations.

Note 9 - Restructuring and Im_3

Note 9 - Restructuring and Impairment Activities (Details Textual) $ in Thousands	1 Months Ended		3 Months Ended
	Sep. 30, 2019USD ($)		Sep. 30, 2019USD ($)		Jun. 30, 2019USD ($)
Inventory Write-down			$ 3,100
Restructuring Reserve (Receivable)	$ 161		161		$ 5,083
Inventory Write-down, Slow Moving Finished Goods [Member]
Inventory Write-down			400
Restructuring and Impairments Charges [Member]
Restructuring Charges, Total			600
Facility Closing, Old Fort [Member]
Restructuring and Related Cost, Number of Positions Eliminated					325
Restructuring Charges, Total			1,700
Facility Closing, Passaic [Member]
Restructuring and Related Cost, Number of Positions Eliminated					55
Proceeds from Divestiture of Businesses, Net of Cash Divested, Total	12,400
Payments for Divestiture Selling and Closing Costs	900
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal			11,497
Restructuring Reserve (Receivable)	(130)	[1]	(130)	[1]
Inventory Write-downs and Manufacturing Overhead Costs [Member]
Restructuring Charges, Total			1,100
Inventory Write-downs and Manufacturing Overhead Costs [Member] | Cost of Sales [Member]
Restructuring Charges, Total			1,100
Employee Severance, Other Payroll and Benefit Costs [Member]
Restructuring Charges, Total			400
Restructuring Reserve (Receivable)	161	[2]	161	[2]	$ 1,714
Employee Severance, Other Payroll and Benefit Costs [Member] | Accounts Payable and Accrued Liabilities [Member]
Restructuring Reserve, Ending Balance	200		200
Other Restructuring [Member]
Restructuring Charges, Total			200
Prepaid Income Taxes [Member] | Other Current Liabilities [Member]
Restructuring Reserve (Receivable)	$ (100)		$ (100)
[1]	The remaining balance of $0.1 million as of September 30, 2019 represents prepaid income taxes from the sale of the Passaic property, which are recorded as a reduction to our income taxes payable balance reported in Other current liabilities.
[2]	Remaining severance expected to be paid during the second quarter of fiscal 2020. The balance of $0.2 million is reported within Accrued compensation and benefits in our consolidated balance sheet as of September 30, 2019.

Note 9 - Restructuring and Im_4

Note 9 - Restructuring and Impairment Activities - Schedule of Restructuring, Impairments and Other Related Charges (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2019USD ($)
Inventory write-downs	$ 3,100
Total	(6,717)
Optimization of Manufacturing and Logistics [Member]
Restructuring Charge	640
Facility Closing, Passaic [Member]
Gain on sale of Passaic property	(11,497)
Total Restructuring and Other Exit Costs [Member]
Total Restructuring and other exit costs (income)	(10,857)
Manufacturing Overhead Costs [Member]
Manufacturing overhead costs	1,052	[1]
Inventory Write-downs [Member]
Inventory write-downs	$ 3,088	[1]
[1]	Manufacturing overhead costs and inventory write-downs are reported within Cost of Sales in the consolidated statements of comprehensive income.

Note 9 - Restructuring and Im_5

Note 9 - Restructuring and Impairment Activities - Schedule of Restructuring Reserve (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2019USD ($)
Restructuring Reserve	$ 5,083
Payments	7,541
New Charges	(6,717)
Non-Cash	5,746
Restructuring Reserve	161
Employee Severance, Other Payroll and Benefit Costs [Member]
Restructuring Reserve	1,714
Payments	(2,002)
New Charges	449
Non-Cash
Restructuring Reserve	161	[1]
Manufacturing Overhead Costs [Member]
Restructuring Reserve
Payments	(1,052)
New Charges	1,052
Non-Cash
Restructuring Reserve
Facility Closing, Passaic [Member]
Restructuring Reserve
Payments	11,612
New Charges	(11,497)
Non-Cash	245
Restructuring Reserve	(130)	[2]
Other Exit and Relocation Costs [Member]
Restructuring Reserve
Payments	(697)
New Charges	191
Restructuring Reserve	(41)	[3]
Non-Cash	(465)
Optimization of Manufacturing and Logistics [Member]
Restructuring Reserve	1,714
Payments	7,861
New Charges	(9,805)
Restructuring Reserve	(10)
Non-Cash	(220)
Inventory Write-downs [Member]
Restructuring Reserve
Payments
New Charges	3,088
Non-Cash	3,088
Restructuring Reserve
Lease Exit Costs [Member]
Restructuring Reserve	3,145
Payments	(267)
New Charges
Non-Cash	2,878
Restructuring Reserve		[4]
Other Charges (Income) [Member]
Restructuring Reserve	224
Payments	(53)
New Charges
Non-Cash
Restructuring Reserve	171	[5]
Other Restructuring and Impairment Charges [Member]
Restructuring Reserve	3,369
Payments	(320)
New Charges
Non-Cash	2,878
Restructuring Reserve	$ 171
[1]	Remaining severance expected to be paid during the second quarter of fiscal 2020. The balance of $0.2 million is reported within Accrued compensation and benefits in our consolidated balance sheet as of September 30, 2019.
[2]	The remaining balance of $0.1 million as of September 30, 2019 represents prepaid income taxes from the sale of the Passaic property, which are recorded as a reduction to our income taxes payable balance reported in Other current liabilities.
[3]	Balance represents proceeds to be received from inventory sold at auction in the closing of the Passaic property. We expect to receive the proceeds from these sales during the second quarter of fiscal 2020. The balance is reported within Prepaid expenses and other current assets as of September 30, 2019.
[4]	The previously recorded vacant space liability was reclassified from Accounts payable and accrued expenses and Other long-term liabilities to Operating lease right-of-use assets upon the adoption of ASU 2016-02, which requires all right-of-use assets to be measured net of any Topic 420 lease liabilities.
[5]	The remaining balance from the other charges (income) as of September 30, 2019 is recorded within Accounts payable and accrued expenses.

Note 10 - Share-based Compens_3

Note 10 - Share-based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Share-based Payment Arrangement, Expense	$ 200	$ 500
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 1,800
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 years 109 days
Share-based Payment Arrangement, Amount Capitalized	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Contractual Term	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	34,188
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number, Ending Balance	0
Independent Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
Stock Option Plan 1992 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	1,470,810

Note 10 - Share-based Compens_4

Note 10 - Share-based Compensation - Stock Options, Activity (Details)	3 Months Ended
	Sep. 30, 2019$ / sharesshares
Outstanding, options (in shares) | shares	378,911
Outstanding, Weighted average exercise price (in dollars per share) | $ / shares	$ 21.95
Granted, options (in shares) | shares	34,188
Granted, Weighted average exercise price (in dollars per share) | $ / shares	$ 17.55
Exercised, options (in shares) | shares	(1,500)
Exercised, Weighted average exercise price (in dollars per share) | $ / shares	$ 11.74
Canceled (forfeited/expired), options (in shares) | shares	(17,497)
Canceled (forfeited/expired), Weighted average exercise price (in dollars per share) | $ / shares	$ 25.61
Outstanding, options (in shares) | shares	394,102
Outstanding, Weighted average exercise price (in dollars per share) | $ / shares	$ 21.45
Exercisable, options (in shares) | shares	322,483
Exercisable, Weighted average exercise price (in dollars per share) | $ / shares	$ 21.36

Note 10 - Share-based Compens_5

Note 10 - Share-based Compensation - Stock Options, Valuation Assumptions (Details) - Independent Directors [Member]	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Volatility	30.80%	31.30%
Risk-free rate of return	1.55%	2.80%
Dividend yield	3.97%	3.24%
Expected average life (years) (Year)	5 years 109 days	5 years

Note 10 - Share-based Compens_6

Note 10 - Share-based Compensation - Restricted Stock and Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Sep. 30, 2019$ / sharesshares
Nonvested units (in shares) | shares	313,882
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares	$ 22.82
Granted (in shares) | shares	99,405
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	$ 12.72
Vested (in shares) | shares
Vested, weighted average grant date fair value (in dollars per share) | $ / shares
Canceled (forfeited/expired) (in shares) | shares
Canceled (forfeited/expired) (in dollars per share) | $ / shares
Nonvested units (in shares) | shares	413,287
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares	$ 20.37

Note 10 - Share-based Compens_7

Note 10 - Share-based Compensation - Restricted Stock Unit Awards, Valuation Assumptions (Details) - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Volatility	30.50%	32.10%
Risk-free rate of return	1.72%	2.72%
Dividend yield	3.97%	3.24%
Expected average life (years) (Year)	3 years	3 years

Note 11 - Earnings Per Share (D

Note 11 - Earnings Per Share (Details Textual) - shares	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Stock Options And Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	232,914	157,294
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	287,287	288,815

Note 11 - Earnings Per Share -

Note 11 - Earnings Per Share - Calculation of Weighted Average Shares (Details) - shares shares in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Weighted average shares outstanding for basic calculation (in shares)	26,713	26,539
Dilutive effect of stock options and other share-based awards (in shares)	37	401
Weighted average shares outstanding adjusted for dilution calculation (in shares)	26,750	26,940

Note 12 - Accumulated Other C_3

Note 12 - Accumulated Other Comprehensive Income (Loss) - Activity in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Balance	$ 363,929	$ 383,870
Other comprehensive income (loss), net of tax	(506)	1,221
Balance	370,503	389,987
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(5,651)	(6,171)
Foreign currency translation adjustments	(499)	1,247
Amounts reclassified from accumulated other comprehensive income	0
Other comprehensive income (loss), net of tax	(499)	1,247
Balance	$ (6,150)	$ (4,924)

Note 13 - Segment Information_2

Note 13 - Segment Information (Details Textual) - Customer Concentration Risk [Member] - Revenue Benchmark [Member]	3 Months Ended
	Sep. 30, 2019
Retail Segment [Member]
Concentration Risk, Percentage	79.00%
Wholesale Segment [Member]
Concentration Risk, Percentage	21.00%

Note 13 - Segment Information -

Note 13 - Segment Information - Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended
		Sep. 30, 2019		Sep. 30, 2018	Jun. 30, 2019
Net sales		$ 173,921		$ 187,785
Operating Income		18,641		11,799
Interest income, net of interest (expense)		19		(27)
Consolidated Total		18,660		11,772
Depreciation and amortization		3,976		5,000
Capital Expenditures		3,414		2,777
Assets		653,899		510,351	$ 510,351
Operating Segments [Member]
Net sales		238,595
Intersegment Eliminations [Member]
Net sales		(64,674)	[1]	(75,501)
Operating Income	[2]	149		(957)
Wholesale Segment [Member]
Depreciation and amortization		1,890		1,961
Capital Expenditures		1,163		850
Assets		249,539		237,354
Wholesale Segment [Member] | Operating Segments [Member]
Net sales		101,329		118,072
Operating Income		16,928		14,315
Retail Segment [Member]
Depreciation and amortization		2,086		3,039
Capital Expenditures		2,251		1,927
Assets		430,563		299,125
Retail Segment [Member] | Operating Segments [Member]
Net sales		137,266		145,214
Operating Income		1,564		(1,559)
Inventory Profit Elimination [Member]
Assets	[3]	$ (26,203)		$ (26,128)
[1]	Represents the elimination of all intercompany wholesale segment sales to the retail segment during the period presented.
[2]	Represents the change in wholesale profit contained in the retail segment inventory at the end of the period.
[3]	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.