Ethan Allen Interiors (ETD) 10-Q 11 May 20 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Mar. 31, 2020	May 08, 2020
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 Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		25,053,082
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Common Stock $0.01 par value per share

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
ASSETS
Cash and cash equivalents	$ 116,868	$ 20,824
Accounts receivable, net	10,482	14,247
Inventories, net	138,774	162,389
Prepaid expenses and other current assets	21,204	18,830
Total current assets	287,328	216,290
Property, plant and equipment, net	242,490	245,246
Goodwill	25,388	25,388
Intangible assets	19,740	19,740
Operating lease right-of-use assets	124,636
Deferred income taxes	2,044	2,108
Other assets	1,478	1,579
Total ASSETS	703,104	510,351
Current liabilities:
Accounts payable and accrued expenses	30,997	34,166
Customer deposits and deferred revenue	52,410	56,714
Accrued compensation and benefits	20,065	22,646
Short-term debt		550
Current operating lease liabilities	34,005
Other current liabilities	9,386	8,750
Total current liabilities	146,863	122,826
Long-term debt	100,000	516
Operating lease liabilities, long-term	112,515
Deferred income taxes	1,534	1,069
Other long-term liabilities	2,946	22,011
Total LIABILITIES	363,858	146,422
Commitments and contingencies (see Note 15)
Shareholders' equity:
Preferred stock, $0.01 par value; 1,055 shares authorized; none issued
Common stock, $0.01 par value, 150,000 shares authorized, 49,054 and 49,049 shares issued; 25,053 and 26,587 shares outstanding at March 31, 2020 and June 30, 2019, respectively	491	491
Additional paid-in capital	378,166	377,913
Treasury stock, at cost: 24,001 and 22,462 shares at March 31, 2020 and June 30, 2019, respectively	(680,916)	(656,597)
Retained earnings	650,701	647,710
Accumulated other comprehensive loss	(9,218)	(5,651)
Total Ethan Allen Interiors Inc. shareholders' equity	339,224	363,866
Noncontrolling interests	22	63
Total shareholders' equity	339,246	363,929
Total LIABILITIES AND SHAREHOLDERS' EQUITY	$ 703,104	$ 510,351

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares shares in Thousands	Mar. 31, 2020	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)	49,054	49,049
Common stock, shares outstanding (in shares)	25,053	26,587
Treasury stock, shares (in shares)	24,001	22,462

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Net sales	$ 149,774	$ 177,829	$ 498,269	$ 562,766
Cost of sales	65,825	79,435	223,005	254,062
Gross profit	83,949	98,394	275,264	308,704
Selling, general and administrative expenses	83,841	87,504	258,346	269,824
Restructuring and other impairment charges, net of gains (note 10)	862	221	(10,173)	284
Operating income (loss)	(754)	10,669	27,091	38,596
Interest income, net of interest (expense)	213	(62)	295	63
Income (loss) before income taxes	(541)	10,607	27,386	38,659
Income tax expense (benefit)	(318)	2,629	6,417	9,651
Net income (loss)	$ (223)	$ 7,978	$ 20,969	$ 29,008
Basic earnings per common share:
Net income (loss) per basic share (in dollars per share)	$ (0.01)	$ 0.30	$ 0.80	$ 1.09
Basic weighted average common shares (in shares)	25,703	26,705	26,332	26,690
Diluted earnings per common share:
Net income (loss) per diluted share (in dollars per share)	$ (0.01)	$ 0.30	$ 0.80	$ 1.08
Diluted weighted average common shares (in shares)	25,703	26,751	26,362	26,749
Comprehensive income (loss)
Net income (loss)	$ (223)	$ 7,978	$ 20,969	$ 29,008
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(3,841)	303	(3,567)	355
Other	(15)	(20)	(41)	(65)
Other comprehensive income (loss), net of tax	(3,856)	283	(3,608)	290
Comprehensive income (loss)	$ (4,079)	$ 8,261	$ 17,361	$ 29,298

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash Flows from Operating Activities
Net income	$ 20,969	$ 29,008
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	12,845	14,742
Share-based compensation expense	200	986
Non-cash operating lease cost	24,369
Deferred income taxes	1,077	(390)
Restructuring and other impairment charges, net of gains	(5,647)	284
Restructuring payments	(5,574)	(177)
Loss on disposal of property, plant and equipment	191	134
Other	(13)	(16)
Change in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable, net	3,630	(3,474)
Inventories, net	21,567	(1,613)
Prepaid expenses and other current assets	(1,980)	(1,290)
Customer deposits and deferred revenue	(4,914)	1,145
Accounts payable and accrued expenses	(3,428)	(510)
Accrued compensation and benefits	429	4,414
Operating lease liabilities	(24,411)
Other assets and liabilities	(626)	1,064
Net cash provided by operating activities	38,684	44,307
Cash Flows from Investing Activities
Proceeds from disposal of property, plant and equipment	12,423	1
Capital expenditures	(12,457)	(6,990)
Acquisitions, net of cash acquired	(1,350)
Other investing activities	20	124
Net cash used in investing activities	(1,364)	(6,865)
Cash Flows from Financing Activities
Borrowings on revolving credit facility	100,000	16,000
Payments on borrowings		(8,000)
Payment of cash dividends	(16,181)	(41,916)
Repurchases of common stock	(24,319)
Other financing activities	(369)	(190)
Net cash provided by (used in) financing activities	59,131	(34,106)
Effect of exchange rate changes on cash and cash equivalents	(407)	43
Net increase in cash and cash equivalents	96,044	3,379
Cash and cash equivalents at beginning of period	20,824	22,363
Cash and cash equivalents at end of period	$ 116,868	$ 25,742

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	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 (loss)							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)
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 (loss)									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 (loss)							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)
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 (loss)							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
Balance (in shares) at Jun. 30, 2019			49,049		22,462
Balance at Jun. 30, 2019	$ (1,585)	$ (1,585)	$ 491	377,913	$ (656,597)	(5,651)	647,710	63	363,929
Net income (loss)							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
Cash dividends declared							(5,610)		(5,610)
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
Balance (in shares) at Jun. 30, 2019			49,049		22,462
Balance at Jun. 30, 2019	$ (1,585)	$ (1,585)	$ 491	377,913	$ (656,597)	(5,651)	647,710	63	363,929
Net income (loss)									20,969
Other comprehensive income (loss)									(3,608)
Balance (in shares) at Mar. 31, 2020			49,054		24,001
Balance at Mar. 31, 2020			$ 491	378,166	$ (680,916)	(9,218)	650,701	22	339,246
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
Net income (loss)							7,086		7,086
Common stock issued on share-based awards (in shares)			4
Common stock issued on share-based awards				35					35
Cash dividends declared							(5,496)		(5,496)
Share-based compensation expense				28					28
Repurchase of common stock (in shares)					546
Repurchase of common stock					$ (10,029)				(10,029)
Balance (in shares) at Dec. 31, 2019			49,054		23,008
Balance at Dec. 31, 2019			$ 491	378,089	$ (666,626)	(5,377)	656,211	37	362,825
Net income (loss)							(223)		(223)
Cash dividends declared							(5,287)		(5,287)
Share-based compensation expense				(77)					(77)
Repurchase of common stock (in shares)					993
Repurchase of common stock					$ (14,290)				(14,290)
Other comprehensive income (loss)						(3,841)		(15)	(3,856)
Balance (in shares) at Mar. 31, 2020			49,054		24,001
Balance at Mar. 31, 2020			$ 491	$ 378,166	$ (680,916)	$ (9,218)	$ 650,701	$ 22	$ 339,246

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Business	9 Months Ended
	Mar. 31, 2020
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	9 Months Ended
	Mar. 31, 2020
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 nine March 31, 2020 not may 2019 10 “2019 10 Reclassifications. not

Note 3 - Recent Accounting Pron

Note 3 - Recent Accounting Pronouncements	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [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 7 2016 02. Goodwill Impairment Test January 2017, 2017 04, Intangibles-Goodwill and Other (Topic 350 2 not 2017 04 2020. Recent Accounting Standards or Updates Not Credit Losses of Financial Instruments June 2016, 2016 13, Financial Instruments – Credit Losses (Topic 326 first 2021 not Implementation Costs in a Cloud Computing Arrangement – August 2018, 2018 15, Intangibles-Goodwill and Other – Internal-Use Software (Subtopic 350 40 first 2021. not Simplifying the Accounting for Income Taxes – December 2019, 2019 12, Income Taxes (Topic 740 740 first 2022, not Reference Rate Reform on Financial Reporting – March 2020, 2020 04, Reference Rate Reform (Topic 848 ): Facilitation of the Effects of Reference Rate Reform on Financial Reporting first 2021. not No March 31, 2020

Note 4 - Revenue Recognition

Note 4 - Revenue Recognition	9 Months Ended
	Mar. 31, 2020
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 March 31, 2020 June 30, 2019, We capitalize commission fees paid to our associates as contract assets within Prepaid expenses and other current assets March 31, 2020, $7.1 six $8.0 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 customer deposits are reported as a current liability in Customer deposits and d eferred r evenue June 30, 2019 $56.7 $1.1 $54.7 three nine March 31, 2020. $50.2 March 31, 2020. During October 2019 $100 one Customer d eposits and d eferred r evenue Net s ales The following table disaggregates net sales by product category by segment for the three March 31, 2020 ( Wholesale Retail Total Upholstery (1) $ 47,214 $ 54,791 $ 102,005 Case goods (2) 30,096 31,822 61,918 Accents (3) 16,942 25,849 42,791 Other (4) (1,113 ) 3,236 2,123 Total before intercompany eliminations $ 93,139 $ 115,698 208,837 Intercompany eliminations (5) (59,063 ) Consolidated net sales $ 149,774 The following table disaggregates net sales by product category by segment for the nine March 31, 2020 ( Wholesale Retail Total Upholstery (1) $ 141,563 $ 181,723 $ 323,286 Case goods (2) 95,922 110,465 206,387 Accents (3) 51,109 86,078 137,187 Other (4) (2,237 ) 13,799 11,562 Total before intercompany eliminations $ 286,357 $ 392,065 678,422 Intercompany eliminations (5) (180,153 ) Consolidated net sales $ 498,269 ( 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 membership revenue, 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	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Inventory Disclosure [Text Block]	( 5 Inventories Inventories are stated at the lower of cost (on a first first Inventories at March 31, 2020 June 30, 2019 March 31, June 30, 2020 2019 Finished goods $ 105,678 $ 128,047 Work in process 10,467 9,185 Raw materials 24,237 26,661 Inventory reserves (1,608 ) (1,504 ) Inventories, net $ 138,774 $ 162,389

Note 6 - Goodwill and Other Int

Note 6 - Goodwill and Other Intangible Assets	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	( 6 Goodwill and Other Intangible Assets Our goodwill and intangible assets are comprised of goodwill, which represents the excess of cost over the fair value of net assets acquired, and our Ethan Allen trade name and related trademarks. Both goodwill and indefinite-lived intangible assets are not We are required to test goodwill and indefinite-lived intangibles at the reporting level for potential impairment annually, or more frequently if impairment indicators occur. Goodwill and other indefinite-lived intangible assets are evaluated for impairment on an annual basis during the fourth may In the fiscal third March 31, 2020, 14.1% 46.4% second third $19.06 $10.22 19 March 31, 2020, 25%, no March 31, 2020. The fair value of our trade name, which is the Company’s only indefinite-lived intangible asset other than goodwill, was also reviewed as of March 31, 2020 March 31, 2020, no As of March 31, 2020, $25.4 $19.7 may may

Note 7 - Leases

Note 7 - Leases	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Lessee, Leases [Text Block]	( 7 Leases During the first 2020, 2016 02 Lease Accounting Policy We have operating leases for many of our 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 not July 1, 2019 not The Company's lease terms and discount rates are as follows: March 31, 2020 Weighted-average remaining lease term (in years) Operating leases 6.7 Financing leases 1.7 Weighted-average discount rate Operating leases 3.8 % Financing leases 4.4 % The following table discloses the location and amount of our operating and financing lease costs within our consolidated statements of comprehensive income (in thousands): Statement of Comprehensive Income Location Three months ended March 31, 2020 Nine months ended March 31, 2020 Operating lease cost Selling, general and administrative (“SG&A”) $ 8,178 $ 24,369 Financing lease cost: Depreciation of property SG&A 152 445 Interest on lease liabilities Interest income, net of interest (expense) 8 25 Short-term lease cost SG&A 280 1,022 Variable lease cost (1) SG&A 2,333 7,169 Less: Sublease income SG&A (486 ) (1,588 ) Total lease expense $ 10,465 $ 31,442 ( 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 March 31, 2019, $8.2 $0.5 nine March 31, 2019, $24.2 $1.5 The following table discloses the operating and financing lease assets and liabilities recognized within our consolidated balance sheet as of March 31, 2020 ( Consolidated Balance Sheet Location March 31, 2020 Assets Operating leases Operating lease right-of-use assets (non-current) $ 124,636 Financing leases Property, plant and equipment, net 741 Total lease assets $ 125,377 Liabilities Current: Operating leases Current operating lease liabilities $ 34,005 Financing leases Other current liabilities 604 Noncurrent: Operating leases Operating lease liabilities, long-term 112,515 Financing leases Other long-term liabilities 127 Total lease liabilities $ 147,251 The ROU assets by segment are as follows as of March 31, 2020 ( Retail $ 124,694 Wholesale 683 Total ROU assets $ 125,377 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 March 31, 2020 ( Fiscal Year Operating Leases Financing Leases 2020 (remaining three months) $ 8,910 $ 151 2021 33,424 459 2022 29,082 78 2023 22,936 39 2024 17,875 19 Thereafter 55,783 8 Total undiscounted future minimum lease payments 168,010 754 Less: imputed interest (21,490 ) (23 ) Total present value of lease obligations $ 146,520 $ 731 As of March 31, 2020, one not not first 2021. ten $3.2 At March 31, 2020, not not Other information for our leases is as follows (in thousands): Nine months ended March 31, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 24,411 Operating cash flows from financing leases $ 422 Operating lease assets obtained in exchange for new operating lease liabilities $ 16,333 At the beginning of fiscal 2020, 2016 02, June 30, 2019, Fiscal Year Operating Leases Financing 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 8 - Income Taxes

Note 8 - Income Taxes	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	( 8 Income Taxes We review our 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. We identify 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, our consolidated effective income tax rate can change significantly quarter over quarter. We conduct business globally and, as a result, we file income tax returns in the United States and in various state and foreign jurisdictions. In the normal course of business, we are subject to periodic examination in such domestic and foreign jurisdictions by tax authorities. We are currently under audit in the United States for fiscal 2016 2018. may twelve not may twelve twelve Our consolidated effective tax rate was 58.8% 23.4% three nine March 31, 2020 24.8% 25.0% 21% may not

Note 9 - Debt

Note 9 - Debt	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	( 9 Debt Total debt obligations at March 31, 2020 June 30, 2019 March 31, June 30, 2020 2019 Borrowings under revolving credit facility $ 100,000 $ - Capital leases (1) - 1,066 Total debt 100,000 1,066 Less current maturities - 550 Total long-term debt $ 100,000 $ 516 ( 1 Capital leases were previously reported as debt as of June 30, 2019. 7 Credit Agreement On December 21, 2018, $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 On March 23, 2020, $80 March 30, 2020, $20 $100 March 31, 2020. no one 0.95% 1.50%. December 21, 2023. 19 The outstanding borrowings of $100 Long-term debt March 31, 2020. nine March 31, 2020 2019, $0.2 $0.3 The fair value of our long-term debt was $100 March 31, 2020, 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 March 31, 2020 June 30, 2019, $5.8 $6.1 $23.9 March 31, 2020 $158.9 June 30, 2019. March 31, 2020 June 30, 2019,

Note 10 - Restructuring and Oth

Note 10 - Restructuring and Other Impairment Activities	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	( 10 Restructuring and Other Impairment Activities Summary of Restructuring, Impairments and Other related charges (gains) Restructuring, impairment and other related costs incurred during the three nine March 31, 2020 Three months ended Nine months ended March 31, 2020 March 31, 2020 Optimization of manufacturing and logistics $ 368 $ 829 Gain on sale of Passaic property - (11,497 ) Impairment of long-lived assets (retail) 389 389 Other charges 105 106 Total Restructuring and other impairment charges, net of gains $ 862 $ (10,173 ) Manufacturing overhead costs (5 ) 1,318 (1) Inventory write-downs - 3,208 (1) Total $ 857 $ (5,647 ) ( 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): Balance Fiscal 2020 Activity Balance Optimization of Manufacturing and Logistics June 30, 2019 New Charges (Income) Non-Cash (Payments) Receipts March 31, 2020 Employee severance, other payroll and benefit costs $ 1,714 $ 777 $ 23 $ (2,468 ) $ - Manufacturing overhead costs - 1,318 - (1,318 ) - Sale of Passaic property - (11,497 ) 245 11,742 - Sale of other property, plant and equipment - (675 ) - 675 - Other exit costs - 727 (523 ) (1,250 ) - Sub-total $ 1,714 $ (9,350 ) $ (255 ) $ 7,381 $ - Other Restructuring and Impairment Charges Inventory write-downs $ - $ 3,208 $ 3,208 $ - $ - Impairment of long-lived assets (retail) - 389 389 - - Lease exit costs (remaining lease rentals) 3,145 - 2,878 (267 ) - (1) Other charges (income) 224 106 - (271 ) 59 (2) Sub-total $ 3,369 $ 3,703 $ 6,475 $ (538 ) $ 59 Total Restructuring, Impairments and other exit costs $ 5,083 $ (5,647 ) $ 6,220 $ 6,843 $ 59 ( 1 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 ( 2 The remaining balance from the other charges (income) as of March 31, 2020 Accounts payable and accrued expenses Optimization of Manufacturing and Logistics During the fourth 2019, June 30, 2019, We completed this optimization project in fiscal 2020 $2.1 $1.3 $0.8 $0.7 $0.7 $1.3 Cost of Sales Restructuring and other i mpairment c harges , net of g ain s As part of our optimization plans, we also completed the sale of our Passaic property in September 2019 third $12.4 $0.9 $11.5 first 2020, Restructuring and other i mpairment c harges , net of g ains Inventory Write-downs During the first 2020 $3.2 $2.6 $0.6 Cost of Sale s.

Note 11 - Share-based Compensat

Note 11 - Share-based Compensation	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	( 11 Share-Based Compensation During the nine March 31, 2020 2019, $0.2 $1.0 March 31, 2020, $1.2 2.8 no nine March 31, 2020 2019, At March 31, 2020, 1,394,808 10 one three Stock Option Activity A summary of stock option activity during the nine March 31, 2020 Weighted Average Options Exercise Price Outstanding at June 30, 2019 378,911 $ 21.95 Granted 59,188 $ 17.27 Exercised (4,500 ) $ 11.74 Canceled (forfeited/expired) (23,495 ) $ 23.30 Outstanding at March 31, 2020 410,104 $ 21.31 Exercisable at March 31, 2020 314,151 $ 21.56 Stock options granted to employees during fiscal 2020 no 2019. FY 2020 Volatility 30.8 % Risk-free rate of return 1.62 % Dividend yield 4.42 % Expected average life (years) 5.9 Non-employee (independent) directors were granted stock options during the first FY 2020 FY 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 Restricted Stock Unit Activity A summary of restricted stock unit activity during the nine March 31, 2020 Weighted Restricted Average Fair Value Outstanding at June 30, 2019 - $ - Granted 57,000 $ 9.15 Vested - $ - Canceled (forfeited/expired) - $ - Outstanding at March 31, 2020 57,000 $ 9.15 During the third 2020, 57,000 $9.15. not 25% four no 2019. Performance Stock Units A summary of performance units activity during the nine March 31, 2020 Weighted Average Units Grant Date Fair Value Outstanding at June 30, 2019 313,882 $ 22.80 Granted 99,405 $ 12.72 Vested - $ - Canceled (forfeited/expired) - $ - Outstanding at March 31, 2020 413,287 $ 20.37 During the first 2020, 99,405 80% 20% three not one 2020 2019, FY 2020 FY 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 12 - Earnings Per Share

Note 12 - Earnings Per Share	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	( 12 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, 2020 2019 2020 2019 Weighted average shares outstanding for basic calculation 25,703 26,705 26,332 26,690 Dilutive effect of stock options and other share-based awards - 46 30 59 Weighted average shares outstanding adjusted for dilution calculation 25,703 26,751 26,362 26,749 Dilutive potential common shares consist of stock options, restricted stock units and performance units. As of March 31, 2020 2019, 467,104 260,571, As of March 31, 2020 2019, 287,287 269,138, . Share Repurchase Program On January 13, 2020, 3,000,000 992,636 $14.3 third 2020. no third March 31, 2020, 2,007,364 April 1, 2020 19.

Note 13 - Accumulated Other Com

Note 13 - Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	( 13 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 United States. 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 March 31, 2020 2019 2020 2019 Beginning balance at July 1 $ (5,651 ) $ (6,171 ) Other comprehensive income (loss), net of tax (3,608 ) 290 Less AOCI attributable to noncontrolling interests 41 65 Ending balance at March 31 $ (9,218 ) $ (5,816 )

Note 14 - Segment Information

Note 14 - Segment Information	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	( 14 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 March 31, 2020, 144 159 third 79% nine March 31, 2020. 21%. Segment information for the three nine March 31, 2020 2019 Three months ended Nine months ended March 31, March 31, 2020 2019 2020 2019 Net sales Wholesale segment $ 93,139 $ 108,367 $ 286,357 $ 334,097 Retail segment 115,698 138,947 392,065 442,669 Elimination of intercompany sales (59,063 ) (69,485 ) (180,153 ) (214,000 ) Consolidated Total $ 149,774 $ 177,829 $ 498,269 $ 562,766 Income (loss) before income taxes Wholesale segment $ 8,936 $ 13,045 $ 31,594 $ 36,181 Retail segment (8,772 ) (1,669 ) (7,343 ) 83 Elimination of intercompany profit (a) (918 ) (707 ) 2,840 2,332 Operating income (loss) (754 ) 10,669 27,091 38,596 Interest income, net of interest (expense) 213 (62 ) 295 63 Consolidated Total $ (541 ) $ 10,607 $ 27,386 $ 38,659 Depreciation and amortization Wholesale segment $ 1,748 $ 1,914 $ 5,388 $ 5,771 Retail segment 2,667 2,903 7,457 8,971 Consolidated Total $ 4,415 $ 4,817 $ 12,845 $ 14,742 Capital expenditures Wholesale segment $ 3,027 $ 726 $ 5,338 $ 2,407 Retail segment 1,512 1,310 7,119 4,583 Consolidated Total $ 4,539 $ 2,036 $ 12,457 $ 6,990 (a) Represents the change in wholesale profit contained in the retail segment inventory at the end of the period. March 31, June 30, 2020 2019 Total Assets Wholesale segment $ 316,974 $ 237,354 Retail segment 409,231 299,125 Inventory profit elimination (a) (23,101 ) (26,128 ) Consolidated Total $ 703,104 $ 510,351 (a) Represents the wholesale profit contained in the retail segment inventory that has not

Note 15 - Commitments and Conti

Note 15 - Commitments and Contingencies	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	( 15 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 any matters pending against us is subject to future resolution, including the uncertainties of litigation. Based on information available at March 31, 2020, not

Note 16 - Subsequent Event

Note 16 - Subsequent Event	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Subsequent Events [Text Block]	( 16 Subsequent Event COVID- 19 On March 11, 2020, 19 19 On April 1, 2020 19 70% June 30, 2020, 40% 20% June 30, 2020, 50% April 2, 2020 two April 28, 2020, Customers can schedule appointments with our design consultants and interact with them through Live Chat online at www.ethanallen.com 3D www.ethanallen.com We continue to assess the situation on a daily basis; however, as of the date of this filing, we are unable to predict when and how quickly we will be able to resume full retail and manufacturing operations. We began reopening design centers in a number of U.S. states since May 1, 2020 2020, fourth While we expect the effects of COVID- 19 19 March 31, 2020, 19,

Note 4 - Revenue Recognition (T

Note 4 - Revenue Recognition (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Disaggregation of Revenue [Table Text Block]	Wholesale Retail Total Upholstery (1) $ 47,214 $ 54,791 $ 102,005 Case goods (2) 30,096 31,822 61,918 Accents (3) 16,942 25,849 42,791 Other (4) (1,113 ) 3,236 2,123 Total before intercompany eliminations $ 93,139 $ 115,698 208,837 Intercompany eliminations (5) (59,063 ) Consolidated net sales $ 149,774 Wholesale Retail Total Upholstery (1) $ 141,563 $ 181,723 $ 323,286 Case goods (2) 95,922 110,465 206,387 Accents (3) 51,109 86,078 137,187 Other (4) (2,237 ) 13,799 11,562 Total before intercompany eliminations $ 286,357 $ 392,065 678,422 Intercompany eliminations (5) (180,153 ) Consolidated net sales $ 498,269

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 31, June 30, 2020 2019 Finished goods $ 105,678 $ 128,047 Work in process 10,467 9,185 Raw materials 24,237 26,661 Inventory reserves (1,608 ) (1,504 ) Inventories, net $ 138,774 $ 162,389

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Lease, Cost [Table Text Block]	March 31, 2020 Weighted-average remaining lease term (in years) Operating leases 6.7 Financing leases 1.7 Weighted-average discount rate Operating leases 3.8 % Financing leases 4.4 % Statement of Comprehensive Income Location Three months ended March 31, 2020 Nine months ended March 31, 2020 Operating lease cost Selling, general and administrative (“SG&A”) $ 8,178 $ 24,369 Financing lease cost: Depreciation of property SG&A 152 445 Interest on lease liabilities Interest income, net of interest (expense) 8 25 Short-term lease cost SG&A 280 1,022 Variable lease cost (1) SG&A 2,333 7,169 Less: Sublease income SG&A (486 ) (1,588 ) Total lease expense $ 10,465 $ 31,442
Lease, Balance Sheet Disclosure [Table Text Block]	Consolidated Balance Sheet Location March 31, 2020 Assets Operating leases Operating lease right-of-use assets (non-current) $ 124,636 Financing leases Property, plant and equipment, net 741 Total lease assets $ 125,377 Liabilities Current: Operating leases Current operating lease liabilities $ 34,005 Financing leases Other current liabilities 604 Noncurrent: Operating leases Operating lease liabilities, long-term 112,515 Financing leases Other long-term liabilities 127 Total lease liabilities $ 147,251 Retail $ 124,694 Wholesale 683 Total ROU assets $ 125,377
Lessee, Leases, Liability, Maturity [Table Text Block]	Fiscal Year Operating Leases Financing Leases 2020 (remaining three months) $ 8,910 $ 151 2021 33,424 459 2022 29,082 78 2023 22,936 39 2024 17,875 19 Thereafter 55,783 8 Total undiscounted future minimum lease payments 168,010 754 Less: imputed interest (21,490 ) (23 ) Total present value of lease obligations $ 146,520 $ 731
Lease, Supplemental Lease Information [Table Text Block]	Nine months ended March 31, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 24,411 Operating cash flows from financing leases $ 422 Operating lease assets obtained in exchange for new operating lease liabilities $ 16,333
Schedule of Future Minimum Rental Payments for Leases [Table Text Block]	Fiscal Year Operating Leases Financing 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 9 - Debt (Tables)

Note 9 - Debt (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Debt [Table Text Block]	March 31, June 30, 2020 2019 Borrowings under revolving credit facility $ 100,000 $ - Capital leases (1) - 1,066 Total debt 100,000 1,066 Less current maturities - 550 Total long-term debt $ 100,000 $ 516

Note 10 - Restructuring and O_2

Note 10 - Restructuring and Other Impairment Activities (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Restructuring and Related Costs [Table Text Block]	Three months ended Nine months ended March 31, 2020 March 31, 2020 Optimization of manufacturing and logistics $ 368 $ 829 Gain on sale of Passaic property - (11,497 ) Impairment of long-lived assets (retail) 389 389 Other charges 105 106 Total Restructuring and other impairment charges, net of gains $ 862 $ (10,173 ) Manufacturing overhead costs (5 ) 1,318 (1) Inventory write-downs - 3,208 (1) Total $ 857 $ (5,647 )
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	Balance Fiscal 2020 Activity Balance Optimization of Manufacturing and Logistics June 30, 2019 New Charges (Income) Non-Cash (Payments) Receipts March 31, 2020 Employee severance, other payroll and benefit costs $ 1,714 $ 777 $ 23 $ (2,468 ) $ - Manufacturing overhead costs - 1,318 - (1,318 ) - Sale of Passaic property - (11,497 ) 245 11,742 - Sale of other property, plant and equipment - (675 ) - 675 - Other exit costs - 727 (523 ) (1,250 ) - Sub-total $ 1,714 $ (9,350 ) $ (255 ) $ 7,381 $ - Other Restructuring and Impairment Charges Inventory write-downs $ - $ 3,208 $ 3,208 $ - $ - Impairment of long-lived assets (retail) - 389 389 - - Lease exit costs (remaining lease rentals) 3,145 - 2,878 (267 ) - (1) Other charges (income) 224 106 - (271 ) 59 (2) Sub-total $ 3,369 $ 3,703 $ 6,475 $ (538 ) $ 59 Total Restructuring, Impairments and other exit costs $ 5,083 $ (5,647 ) $ 6,220 $ 6,843 $ 59

Note 11 - Share-based Compens_2

Note 11 - Share-based Compensation (Tables)	9 Months Ended
	Mar. 31, 2020
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 59,188 $ 17.27 Exercised (4,500 ) $ 11.74 Canceled (forfeited/expired) (23,495 ) $ 23.30 Outstanding at March 31, 2020 410,104 $ 21.31 Exercisable at March 31, 2020 314,151 $ 21.56
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	FY 2020 Volatility 30.8 % Risk-free rate of return 1.62 % Dividend yield 4.42 % Expected average life (years) 5.9 FY 2020 FY 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]	Weighted Restricted Average Fair Value Outstanding at June 30, 2019 - $ - Granted 57,000 $ 9.15 Vested - $ - Canceled (forfeited/expired) - $ - Outstanding at March 31, 2020 57,000 $ 9.15
Share-based Payment Arrangement, Performance Shares, Activity [Table Text Block]	Weighted Average Units Grant Date Fair Value Outstanding at June 30, 2019 313,882 $ 22.80 Granted 99,405 $ 12.72 Vested - $ - Canceled (forfeited/expired) - $ - Outstanding at March 31, 2020 413,287 $ 20.37
Schedule of Share-based Payment Award, Performance Stock Units, Valuation Assumptions [Table Text Block]	FY 2020 FY 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 12 - Earnings Per Share (T

Note 12 - Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended Nine months ended March 31, March 31, 2020 2019 2020 2019 Weighted average shares outstanding for basic calculation 25,703 26,705 26,332 26,690 Dilutive effect of stock options and other share-based awards - 46 30 59 Weighted average shares outstanding adjusted for dilution calculation 25,703 26,751 26,362 26,749

Note 13 - Accumulated Other C_2

Note 13 - Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	2020 2019 Beginning balance at July 1 $ (5,651 ) $ (6,171 ) Other comprehensive income (loss), net of tax (3,608 ) 290 Less AOCI attributable to noncontrolling interests 41 65 Ending balance at March 31 $ (9,218 ) $ (5,816 )

Note 14 - Segment Information (

Note 14 - Segment Information (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three months ended Nine months ended March 31, March 31, 2020 2019 2020 2019 Net sales Wholesale segment $ 93,139 $ 108,367 $ 286,357 $ 334,097 Retail segment 115,698 138,947 392,065 442,669 Elimination of intercompany sales (59,063 ) (69,485 ) (180,153 ) (214,000 ) Consolidated Total $ 149,774 $ 177,829 $ 498,269 $ 562,766 Income (loss) before income taxes Wholesale segment $ 8,936 $ 13,045 $ 31,594 $ 36,181 Retail segment (8,772 ) (1,669 ) (7,343 ) 83 Elimination of intercompany profit (a) (918 ) (707 ) 2,840 2,332 Operating income (loss) (754 ) 10,669 27,091 38,596 Interest income, net of interest (expense) 213 (62 ) 295 63 Consolidated Total $ (541 ) $ 10,607 $ 27,386 $ 38,659 Depreciation and amortization Wholesale segment $ 1,748 $ 1,914 $ 5,388 $ 5,771 Retail segment 2,667 2,903 7,457 8,971 Consolidated Total $ 4,415 $ 4,817 $ 12,845 $ 14,742 Capital expenditures Wholesale segment $ 3,027 $ 726 $ 5,338 $ 2,407 Retail segment 1,512 1,310 7,119 4,583 Consolidated Total $ 4,539 $ 2,036 $ 12,457 $ 6,990 March 31, June 30, 2020 2019 Total Assets Wholesale segment $ 316,974 $ 237,354 Retail segment 409,231 299,125 Inventory profit elimination (a) (23,101 ) (26,128 ) Consolidated Total $ 703,104 $ 510,351

Note 3 - Recent Accounting Pr_2

Note 3 - Recent Accounting Pronouncements (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2020	Jul. 01, 2019	Jun. 30, 2019
Operating Lease, Right-of-Use Asset	$ 124,636
Operating Lease, Liability, Total	146,520
Retained Earnings (Accumulated Deficit), Ending Balance	$ 650,701		$ 647,710
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] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained Earnings (Accumulated Deficit), Ending Balance		$ (1,600)

Note 4 - Revenue Recognition (D

Note 4 - Revenue Recognition (Details Textual) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended
	Oct. 31, 2019	Mar. 31, 2020	Mar. 31, 2020	Jun. 30, 2019
Contract with Customer, Asset, after Allowance for Credit Loss, Current, Total		$ 7,100,000	$ 7,100,000	$ 8,000,000
Contract with Customer, Liability, Total		50,200,000	50,200,000	$ 56,700,000
Contract with Customer, Liability, Revenue Recognized		$ 1,100,000	$ 54,700,000
Annual Fee Per Member [Member]
Membership, Annual Fee Amount Per Member	$ 100
Contract with Customer, Satisfaction of Performance Obligation Period (Year)	1 year

Note 4 - Revenue Recognition -

Note 4 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Mar. 31, 2020		Mar. 31, 2019	Mar. 31, 2020		Mar. 31, 2019
Revenues		$ 149,774		$ 177,829	$ 498,269		$ 562,766
Operating Segments [Member]
Revenues		208,837			678,422
Operating Segments [Member] | Upholstery Furniture [Member]
Revenues	[1]	102,005			323,286
Operating Segments [Member] | Case Goods Furniture [Member]
Revenues	[2]	61,918			206,387
Operating Segments [Member] | Accent [Member]
Revenues	[3]	42,791			137,187
Operating Segments [Member] | Manufactured Product, Other [Member]
Revenues	[4]	2,123			11,562
Intersegment Eliminations [Member]
Revenues		(59,063)	[5]	(69,485)	(180,153)	[5]	(214,000)
Wholesale Segment [Member] | Operating Segments [Member]
Revenues		93,139		108,367	286,357		334,097
Wholesale Segment [Member] | Operating Segments [Member] | Upholstery Furniture [Member]
Revenues	[1]	47,214			141,563
Wholesale Segment [Member] | Operating Segments [Member] | Case Goods Furniture [Member]
Revenues	[2]	30,096			95,922
Wholesale Segment [Member] | Operating Segments [Member] | Accent [Member]
Revenues	[3]	16,942			51,109
Wholesale Segment [Member] | Operating Segments [Member] | Manufactured Product, Other [Member]
Revenues	[4]	(1,113)			(2,237)
Retail Segment [Member] | Operating Segments [Member]
Revenues		115,698		$ 138,947	392,065		$ 442,669
Retail Segment [Member] | Operating Segments [Member] | Upholstery Furniture [Member]
Revenues	[1]	54,791			181,723
Retail Segment [Member] | Operating Segments [Member] | Case Goods Furniture [Member]
Revenues	[2]	31,822			110,465
Retail Segment [Member] | Operating Segments [Member] | Accent [Member]
Revenues	[3]	25,849			86,078
Retail Segment [Member] | Operating Segments [Member] | Manufactured Product, Other [Member]
Revenues	[4]	$ 3,236			$ 13,799
[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 decor, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings and home and garden furnishings.
[4]	Other includes membership revenue, 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.
[5]	Represents the elimination of all intercompany wholesale segment sales to the retail segment during the period presented.

Note 5 - Inventories - Schedule

Note 5 - Inventories - Schedule of Inventory (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Finished goods	$ 105,678	$ 128,047
Work in process	10,467	9,185
Raw materials	24,237	26,661
Inventory reserves	(1,608)	(1,504)
Inventories, net	$ 138,774	$ 162,389

Note 6 - Goodwill and Other I_2

Note 6 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019
Share Price (in dollars per share)	$ 10.22	$ 19.06
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 0
Goodwill, Ending Balance	25,388		$ 25,388
Other Indefinite-lived Intangible Assets	$ 19,700
COVID-19 Pandemic [Member]
Increase (Decrease) in Stock Price, Percentage	(46.40%)
Wholesale Segment [Member]
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	25.00%
Goodwill, Impairment Loss	$ 0
Wholesale Segment [Member] | COVID-19 Pandemic [Member]
Increase (Decrease) in Net Sales, Percentage	(14.10%)

Note 7 - Leases (Details Textua

Note 7 - Leases (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2019	Mar. 31, 2019	Mar. 31, 2020		Jun. 30, 2019
Operating Lease, Cost	$ 8,200	$ 24,200
Sublease Income	$ 500	$ 1,500
Lessee, Operating Lease, Lease Not yet Commenced, Payments, Due			$ 3,200
Capital Lease Obligations, Total				[1]	$ 1,066
Minimum [Member]
Lessee, Finance Lease, Term of Contract (Year)			3 years
Maximum [Member]
Lessee, Finance Lease, Term of Contract (Year)			5 years
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract (Year)			10 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 7 for further details regarding capital lease obligations.

Note 7 - Leases - Lease Costs (

Note 7 - Leases - Lease Costs (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Operating leases (Year)		6 years 255 days		6 years 255 days
Financing leases (Year)		1 year 255 days		1 year 255 days
Operating leases		3.80%		3.80%
Financing leases		4.40%		4.40%
Operating lease cost			$ 8,200		$ 24,200
Less: Sublease income			$ (500)		$ (1,500)
Total lease expense		$ 10,465		$ 31,442
Selling, General and Administrative Expenses [Member]
Operating lease cost		8,178		24,369
Depreciation of property		152		445
Short-term lease cost		280		1,022
Variable lease cost(1)	[1]	2,333		7,169
Less: Sublease income		(486)		(1,588)
Interest Income [Member]
Interest on lease liabilities		$ 8		$ 25
[1]	Variable lease payments include index-based changes in rent, maintenance, real estate taxes, insurance and other charges included in the lease.

Note 7 - Leases - Lease Assets

Note 7 - Leases - Lease Assets and Liabilities (Details) $ in Thousands	Mar. 31, 2020USD ($)
Operating leases, assets	$ 124,636
Total lease assets	125,377
Operating leases, current liabilities	34,005
Operating leases, noncurrent liabilities	112,515
Total lease liabilities	147,251
Property, Plant and Equipment [Member]
Financing leases, assets	741
Other Current Liabilities [Member]
Financing leases, current liabilities	604
Other Noncurrent Liabilities [Member]
Financing leases, noncurrent liabilities	127
Retail Segment [Member]
Total lease assets	124,694
Wholesale Segment [Member]
Total lease assets	$ 683

Note 7 - Leases - Future Minimu

Note 7 - Leases - Future Minimum Lease Payments (Details) $ in Thousands	Mar. 31, 2020USD ($)
2020 (remaining six months), operating leases	$ 8,910
2020 (remaining six months), finance leases	151
2021, operating leases	33,424
2021, finance leases	459
2022, operating leases	29,082
2022, finance leases	78
2023, operating leases	22,936
2023, finance leases	39
2024, operating leases	17,875
2024, finance leases	19
Thereafter, operating leases	55,783
Thereafter, finance leases	8
Total undiscounted future minimum lease payments, operating leases	168,010
Total undiscounted future minimum lease payments, finance leases	754
Less: imputed interest, operating leases	(21,490)
Less: imputed interest, finance leases	(23)
Total present value of lease obligations, operating leases	146,520
Total present value of lease obligations, finance leases	$ 731

Note 7 - Leases - Supplemental

Note 7 - Leases - Supplemental Information (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2020USD ($)
Operating cash flows from operating leases	$ 24,411
Operating cash flows from financing leases	422
Operating lease assets obtained in exchange for new operating lease liabilities	$ 16,333

Note 7 - Leases - Future Mini_2

Note 7 - 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 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual)	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Effective Income Tax Rate Reconciliation, Percent, Total	58.80%	24.80%	23.40%	25.00%
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 2017 2018

Note 9 - Debt (Details Textual)

Note 9 - Debt (Details Textual) $ in Thousands	Mar. 30, 2020USD ($)	Mar. 23, 2020USD ($)	Dec. 21, 2018USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Jun. 30, 2019USD ($)
Proceeds from Long-term Lines of Credit				$ 100,000	$ 16,000
Long-term Line of Credit, Total				100,000
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	$ 20,000	$ 80,000
Long-term Line of Credit, Total				100,000		0
Line of Credit Facility, Interest Rate at Period End					1.50%
Interest Expense, Debt, Total				200	$ 300
Long-term Debt, Fair Value				100,000
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				23,900		158,900
Revolving Credit Facility [Member] | The Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	0.95%		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				$ 5,800		$ 6,100

Note 9 - Debt - Total Debt Obli

Note 9 - Debt - Total Debt Obligations (Details) - USD ($) $ in Thousands	Mar. 31, 2020		Jun. 30, 2019
Long-term Line of Credit, Total	$ 100,000
Capital leases (1)		[1]	1,066
Total debt	100,000		1,066
Less current maturities			550
Total long-term debt	$ 100,000		$ 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 7 for further details regarding capital lease obligations.

Note 10 - Restructuring and O_3

Note 10 - Restructuring and Other Impairment Activities (Details Textual) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2019	Mar. 31, 2020	Sep. 30, 2019	Dec. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Restructuring Charges, Total					$ 2,100
Gain (Loss) on Disposition of Property Plant Equipment, Total					(191)	$ (134)
Inventory Write-down				$ 3,200
Inventory Write-down, Slow Moving Finished Goods [Member]
Inventory Write-down				2,600
Inventory Write-down, Raw Materials Disposed of [Member]
Inventory Write-down				$ 600
Inventory Write-downs and Manufacturing Overhead Costs [Member]
Restructuring Charges, Total					1,300
Inventory Write-downs and Manufacturing Overhead Costs [Member] | Cost of Sales [Member]
Restructuring Charges, Total					1,300
Employee Severance and Other Payroll and Benefit Costs [Member]
Restructuring Charges, Total					800
Other Exit and Relocation Costs [Member]
Restructuring Charges, Total					700
Facility Closing, Old Fort [Member]
Gain (Loss) on Disposition of Property Plant Equipment, Total					700
Facility Closing, Passaic [Member]
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			$ 11,500		$ 11,497

Note 10 - Restructuring and O_4

Note 10 - Restructuring and Other Impairment Activities - Schedule of Restructuring, Impairments and Other Related Charges (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended	9 Months Ended
		Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2019	Dec. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Restructuring Charge						$ 2,100
Total Restructuring and other impairment charges, net of gains		$ 862		$ 221		(10,173)	$ 284
Inventory write-downs					$ 3,200
Total		857				(5,647)
Optimization of Manufacturing and Logistics [Member]
Restructuring Charge		368				829
Facility Closing, Passaic [Member]
Gain on sale of Passaic property			$ (11,500)			(11,497)
Impairments of Long-lived Assets [Member]
Restructuring Charge		389				389
Other Charges (Income) [Member]
Restructuring Charge		105				106
Manufacturing Overhead Costs [Member]
Manufacturing overhead costs	[1]	(5)				1,318
Inventory Write-downs [Member]
Inventory write-downs	[1]					$ 3,208
[1]	Manufacturing overhead costs and inventory write-downs are reported within Cost of Sales in the consolidated statements of comprehensive income.

Note 10 - Restructuring and O_5

Note 10 - Restructuring and Other Impairment Activities - Schedule of Restructuring Reserve (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2020USD ($)
Restructuring Reserve	$ 5,083
New Charges (Income)	(5,647)
Non-Cash	6,220
(Payments) Receipts	6,843
Restructuring Reserve	59
Employee Severance, Other Payroll and Benefit Costs [Member]
Restructuring Reserve	1,714
New Charges (Income)	777
Non-Cash	23
(Payments) Receipts	(2,468)
Restructuring Reserve
Manufacturing Overhead Costs [Member]
Restructuring Reserve
New Charges (Income)	1,318
Non-Cash
(Payments) Receipts	(1,318)
Restructuring Reserve
Facility Closing, Passaic [Member]
Restructuring Reserve
New Charges (Income)	(11,497)
Non-Cash	245
(Payments) Receipts	11,742
Restructuring Reserve
Facility Closing, Old Fort [Member]
Restructuring Reserve
New Charges (Income)	(675)
Non-Cash
(Payments) Receipts	675
Restructuring Reserve
Other Exit and Relocation Costs [Member]
Restructuring Reserve
New Charges (Income)	727
(Payments) Receipts	(1,250)
Restructuring Reserve
Non-Cash	(523)
Optimization of Manufacturing and Logistics [Member]
Restructuring Reserve	1,714
New Charges (Income)	(9,350)
(Payments) Receipts	7,381
Restructuring Reserve
Non-Cash	(255)
Inventory Write-downs [Member]
Restructuring Reserve
New Charges (Income)	3,208
Non-Cash	3,208
(Payments) Receipts
Restructuring Reserve
Restructuring, Impairment, and Other Related Charges [Member]
Restructuring Reserve
Impairments of Long-lived Assets [Member]
New Charges (Income)	389
Non-Cash	389
(Payments) Receipts
Restructuring Reserve
Lease Exit Costs [Member]
Restructuring Reserve	3,145
New Charges (Income)
Non-Cash	2,878
(Payments) Receipts	(267)
Restructuring Reserve		[1]
Other Charges (Income) [Member]
Restructuring Reserve	224
New Charges (Income)	106
Non-Cash
(Payments) Receipts	(271)
Restructuring Reserve	59	[2]
Other Restructuring and Impairment Charges [Member]
Restructuring Reserve	3,369
New Charges (Income)	3,703
Non-Cash	6,475
(Payments) Receipts	(538)
Restructuring Reserve	$ 59
[1]	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.
[2]	The remaining balance from the other charges (income) as of March 31, 2020 is recorded within Accounts payable and accrued expenses.

Note 11 - Share-based Compens_3

Note 11 - Share-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Share-based Payment Arrangement, Expense			$ 200	$ 1,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 1,200		$ 1,200
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			2 years 292 days
Share-based Payment Arrangement, Amount Capitalized			$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Contractual Term (Year)			10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)			59,188
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	57,000		57,000		0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 9.15		$ 9.15
Restricted Stock Units (RSUs) [Member] | Vesting Annually [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	25.00%
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		99,405	99,405
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)			$ 12.72
Share-based Compensation Arrangement by Share-based Payment Award, Target Financial Performance		80.00%
Share-based Compensation Arrangement by Share-based Payment Award, Target Market-based Condition		20.00%
Share-based Compensation Arrangement by Share-based Payment Award, Target Performance Period (Year)		3 years
Independent Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)			3 years
Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)					0
Stock Option Plan 1992 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)	1,394,808		1,394,808

Note 11 - Share-based Compens_4

Note 11 - Share-based Compensation - Stock Options, Activity (Details)	9 Months Ended
	Mar. 31, 2020$ / 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	59,188
Granted, Weighted average exercise price (in dollars per share) | $ / shares	$ 17.27
Exercised, options (in shares) | shares	(4,500)
Exercised, Weighted average exercise price (in dollars per share) | $ / shares	$ 11.74
Canceled (forfeited/expired), options (in shares) | shares	(23,495)
Canceled (forfeited/expired), Weighted average exercise price (in dollars per share) | $ / shares	$ 23.30
Outstanding, options (in shares) | shares	410,104
Outstanding, Weighted average exercise price (in dollars per share) | $ / shares	$ 21.31
Exercisable, options (in shares) | shares	314,151
Exercisable, Weighted average exercise price (in dollars per share) | $ / shares	$ 21.56

Note 11 - Share-based Compens_5

Note 11 - Share-based Compensation - Stock Options, Valuation Assumptions (Details)	9 Months Ended	12 Months Ended
	Mar. 31, 2020	Jun. 30, 2019
Employees [Member]
Volatility	30.80%
Risk-free rate of return	1.62%
Dividend yield	4.42%
Expected average life (years) (Year)	5 years 328 days
Independent Directors [Member]
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 11 - Share-based Compens_6

Note 11 - Share-based Compensation - Restricted Stock and Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2020	Jun. 30, 2019
Nonvested units (in shares)
Nonvested, weighted average grant date fair value (in dollars per share)
Granted (in shares)	57,000	57,000	0
Granted, weighted average grant date fair value (in dollars per share)	$ 9.15	$ 9.15
Vested (in shares)
Vested, weighted average grant date fair value (in dollars per share)
Canceled (forfeited/expired) (in shares)
Canceled (forfeited/expired) (in dollars per share)
Nonvested units (in shares)	57,000	57,000
Nonvested, weighted average grant date fair value (in dollars per share)	$ 9.15	$ 9.15

Note 11 - Share-based Compens_7

Note 11 - Share-based Compensation - Performance Unit Activity (Details) - Performance Shares [Member] - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Mar. 31, 2020
Nonvested units (in shares)	313,882	313,882
Nonvested, weighted average grant date fair value (in dollars per share)	$ 22.80	$ 22.80
Granted (in shares)	99,405	99,405
Granted, weighted average grant date fair value (in dollars per share)		$ 12.72
Vested (in shares)
Vested, weighted average grant date fair value (in dollars per share)
Canceled (forfeited/expired) (in shares)
Canceled (forfeited/expired) (in dollars per share)
Nonvested units (in shares)		413,287
Nonvested, weighted average grant date fair value (in dollars per share)		$ 20.37

Note 11 - Share-based Compens_8

Note 11 - Share-based Compensation - Performance Unit Awards, Valuation Assumptions (Details) - Performance Shares [Member]	9 Months Ended	12 Months Ended
	Mar. 31, 2020	Jun. 30, 2019
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 12 - Earnings Per Share (D

Note 12 - Earnings Per Share (Details Textual) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jan. 13, 2020
Treasury Stock, Value, Acquired, Cost Method	$ 14,290	$ 10,029
Share Repurchase Program [Member]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)						3,000,000
Treasury Stock, Shares, Acquired (in shares)	992,636		0
Treasury Stock, Value, Acquired, Cost Method	$ 14,300
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased (in shares)	2,007,364			2,007,364
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)				467,104	260,571
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)				287,287	269,138

Note 12 - Earnings Per Share -

Note 12 - Earnings Per Share - Calculation of Weighted Average Shares (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Weighted average shares outstanding for basic calculation (in shares)	25,703	26,705	26,332	26,690
Dilutive effect of stock options and other share-based awards (in shares)		46	30	59
Weighted average shares outstanding adjusted for dilution calculation (in shares)	25,703	26,751	26,362	26,749

Note 13 - Accumulated Other C_3

Note 13 - Accumulated Other Comprehensive Income (Loss) - Activity in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Balance	$ 362,825	$ 369,665	$ 363,929	$ 383,870
Other comprehensive income (loss), net of tax	(3,856)	283	(3,608)	290
Balance	339,246	373,049	339,246	373,049
AOCI Attributable to Parent [Member]
Balance	(5,377)	(6,119)	(5,651)	(6,171)
Other comprehensive income (loss), net of tax	(3,841)	303
Balance	$ (9,218)	$ (5,816)	(9,218)	(5,816)
AOCI Including Portion Attributable to Noncontrolling Interest [Member]
Other comprehensive income (loss), net of tax			(3,608)	290
Less AOCI attributable to noncontrolling interests			$ 41	$ 65

Note 14 - Segment Information_2

Note 14 - Segment Information (Details Textual) - Customer Concentration Risk [Member] - Revenue Benchmark [Member]	9 Months Ended
	Mar. 31, 2020
Retail Segment [Member]
Concentration Risk, Percentage	79.00%
Wholesale Segment [Member]
Concentration Risk, Percentage	21.00%

Note 14 - Segment Information -

Note 14 - Segment Information - Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Mar. 31, 2020		Mar. 31, 2019	Mar. 31, 2020		Mar. 31, 2019	Jun. 30, 2019
Net sales		$ 149,774		$ 177,829	$ 498,269		$ 562,766
Operating Income		(754)		10,669	27,091		38,596
Interest income, net of interest (expense)		213		(62)	295		63
Consolidated Total		(541)		10,607	27,386		38,659
Depreciation and amortization		4,415		4,817	12,845		14,742
Capital Expenditures		4,539		2,036	12,457		6,990
Assets		703,104			703,104			$ 510,351
Operating Segments [Member]
Net sales		208,837			678,422
Intersegment Eliminations [Member]
Net sales		(59,063)	[1]	(69,485)	(180,153)	[1]	(214,000)
Operating Income	[2]	(918)		(707)	2,840		2,332
Wholesale Segment [Member]
Depreciation and amortization		1,748		1,914	5,388		5,771
Capital Expenditures		3,027		726	5,338		2,407
Assets		316,974			316,974			237,354
Wholesale Segment [Member] | Operating Segments [Member]
Net sales		93,139		108,367	286,357		334,097
Operating Income		8,936		13,045	31,594		36,181
Retail Segment [Member]
Depreciation and amortization		2,667		2,903	7,457		8,971
Capital Expenditures		1,512		1,310	7,119		4,583
Assets		409,231			409,231			299,125
Retail Segment [Member] | Operating Segments [Member]
Net sales		115,698		138,947	392,065		442,669
Operating Income		(8,772)		$ (1,669)	(7,343)		$ 83
Inventory Profit Elimination [Member]
Assets	[3]	$ (23,101)			$ (23,101)			$ (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.

Note 16 - Subsequent Event (Det

Note 16 - Subsequent Event (Details Textual) - Subsequent Event [Member] - COVID-19 Pandemic [Member]	Apr. 01, 2020
Furlough of Workforce Due to Temporary Closure of Facilities, Percentage	70.00%
Temporary Reduction in Cash Compensation, Board of Directors, Percentage	50.00%
Senior Management [Member]
Temporary Reduction in Salary, Percentage	40.00%
Employees [Member]
Temporary Reduction in Salary, Percentage	20.00%