Ethan Allen Interiors (ETD) 10-Q 29 Jan 25 2024 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2024	Jan. 22, 2025
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2024
Document Transition Report	false
Entity File Number	1-11692
Entity Registrant Name	Ethan Allen Interiors Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	06-1275288
Entity Address, Address Line One	25 Lake Avenue Ext.
Entity Address, City or Town	Danbury
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06811-5286
City Area Code	203
Local Phone Number	743-8000
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	ETD
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		25,429,960
Entity Central Index Key	0000896156
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Current assets:
Cash and cash equivalents	$ 57,075	$ 69,710
Investments, short-term	82,049	91,319
Accounts receivable, net	5,008	6,766
Inventories, net	142,014	142,040
Prepaid expenses and other current assets	30,050	22,848
Total current assets	316,196	332,683
Property, plant and equipment, net	212,610	215,258
Goodwill	25,388	25,388
Intangible assets	19,740	19,740
Operating lease right-of-use assets	110,572	114,242
Deferred income taxes	906	824
Investments, long-term	45,092	34,772
Other assets	2,069	2,010
TOTAL ASSETS	732,573	744,917
Current liabilities:
Accounts payable and accrued expenses	23,720	27,400
Customer deposits	70,777	73,471
Accrued compensation and benefits	23,010	20,702
Current operating lease liabilities	27,890	27,387
Other current liabilities	4,682	4,736
Total current liabilities	150,079	153,696
Operating lease liabilities, long-term	96,870	100,897
Deferred income taxes	2,428	3,035
Other long-term liabilities	4,477	4,373
TOTAL LIABILITIES	253,854	262,001
Commitments and Contingencies
SHAREHOLDERS' EQUITY
Preferred stock, $0.01 par value; 1,055 shares authorized; none issued	0	0
Common stock, $0.01 par value, 150,000 shares authorized, 49,638 and 49,550 shares issued; 25,430 and 25,412 shares outstanding at September 30, 2024 and June 30, 2024, respectively	496	495
Additional paid-in capital	388,888	388,104
Treasury stock, at cost: 24,208 and 24,138 shares at September 30, 2024 and June 30, 2024, respectively	(687,003)	(684,796)
Retained earnings	782,938	783,366
Accumulated other comprehensive loss	(6,503)	(4,189)
Total Ethan Allen Interiors Inc. shareholders' equity	478,816	482,980
Noncontrolling interests	(97)	(64)
TOTAL SHAREHOLDERS' EQUITY	478,719	482,916
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 732,573	$ 744,917

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares shares in Thousands	Dec. 31, 2024	Jun. 30, 2024
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)	49,638	49,550
Common stock, shares outstanding (in shares)	25,430	25,412
Treasury stock, shares (in shares)	24,208	24,138

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Net sales	$ 157,260	$ 167,276	$ 311,597	$ 331,168
Cost of sales	62,423	66,640	122,891	130,391
Gross profit	94,837	100,636	188,706	200,777
Selling, general and administrative expenses	76,674	79,183	152,746	159,481
Restructuring and other charges, net of gains	6	(235)	238	1,257
Operating income	18,157	21,688	35,722	40,039
Interest and other income, net	2,029	1,719	4,227	3,504
Interest and other financing costs	63	52	123	113
Income before income taxes	20,123	23,355	39,826	43,430
Income tax expense	5,119	5,944	10,103	11,080
Net income	$ 15,004	$ 17,411	$ 29,723	$ 32,350
Basic earnings per common share:
Net income per basic share (in dollars per share)	$ 0.59	$ 0.68	$ 1.16	$ 1.27
Basic weighted average common shares (in shares)	25,556	25,525	25,551	25,515
Diluted earnings per common share:
Net income per diluted share (in dollars per share)	$ 0.59	$ 0.68	$ 1.16	$ 1.26
Diluted weighted average common shares (in shares)	25,625	25,630	25,622	25,624
Comprehensive income
Net income	$ 15,004	$ 17,411	$ 29,723	$ 32,350
Other comprehensive loss, net of tax
Foreign currency translation adjustments	(1,398)	636	(2,981)	84
Other	19	1,103	634	1,624
Other comprehensive loss, net of tax	(1,379)	1,739	(2,347)	1,708
Comprehensive income	$ 13,625	$ 19,150	$ 27,376	$ 34,058

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Cash Flows from Operating Activities
Net income	$ 29,723	$ 32,350
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,854	8,007
Share-based compensation expense	785	721
Non-cash operating lease cost	16,288	15,818
Deferred income taxes	(689)	(257)
Restructuring and other charges, net of gains	238	1,257
Payments on restructuring and other charges, net of proceeds	(411)	(1,183)
Loss on disposal of property, plant and equipment	10	14
Other	(129)	(29)
Increase (Decrease) in Operating Capital [Abstract]
Accounts receivable, net	1,758	4,746
Inventories, net	(5)	7,295
Prepaid expenses and other current assets	(7,559)	(205)
Customer deposits	(2,694)	(14,667)
Accounts payable and accrued expenses	(3,655)	(4,969)
Accrued compensation and benefits	2,308	(2,332)
Operating lease liabilities	(17,257)	(16,071)
Other assets and liabilities	134	(205)
Net cash provided by operating activities	26,699	30,290
Cash Flows from Investing Activities
Proceeds from sales of property, plant and equipment	0	22
Capital expenditures	(7,371)	(5,241)
Purchases of investments	(35,230)	(39,970)
Proceeds from sales of investments	36,322	40,818
Net cash (used in) provided by investing activities	(6,279)	(4,371)
us-gaap_PaymentsOfDividends	30,151	31,117
Proceeds from employee stock plans	0	322
Taxes paid related to net share settlement of equity awards	(2,207)	(2,101)
Payments on financing leases	(172)	(263)
Net cash used in financing activities	(32,530)	(33,159)
Effect of exchange rate changes on cash and cash equivalents	(422)	56
Net decrease in cash, cash equivalents and restricted cash	(12,532)	(7,184)
Cash, cash equivalents and restricted cash at beginning of period	70,216	62,622
Cash, cash equivalents and restricted cash at end of period	$ 57,684	$ 55,438

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, Common [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Jun. 30, 2023	49,426		24,070
Balance at Jun. 30, 2023	$ 494	$ 386,146	$ (682,646)	$ (2,785)	$ 769,819	$ (22)	$ 471,006
Net income	0	0	0	0	14,939	0	14,939
Share-based compensation expense	$ 0	357	$ 0	0	0	0	357
Restricted stock vesting (in shares)	(97)		(66)
Restricted stock vesting	$ 1	0	$ (2,101)	0	0	0	(2,100)
Cash dividends declared	0	0	0	0	(21,928)	0	(21,928)
Other comprehensive income (loss)	0	0	0	(25)	0	(6)	(31)
Share-based compensation expense	0	357	0	0	0	0	357
Cash dividends declared and paid	$ 0	0	$ 0	0	21,928	0	21,928
Balance (in shares) at Sep. 30, 2023	49,535		24,136
Balance at Sep. 30, 2023	$ 495	386,816	$ (684,747)	(2,810)	762,830	(28)	462,556
Common stock issued on share-based awards (in shares)	12		0
Common stock issued on share-based awards	$ 0	313	$ 0	0	0	0	313
Restricted stock vesting (in shares)	97		66
Balance (in shares) at Jun. 30, 2023	49,426		24,070
Balance at Jun. 30, 2023	$ 494	386,146	$ (682,646)	(2,785)	769,819	(22)	471,006
Net income							32,350
Other comprehensive income (loss)							1,708
Balance (in shares) at Dec. 31, 2023	49,536		24,136
Balance at Dec. 31, 2023	$ 495	387,189	$ (684,747)	(1,063)	771,052	(36)	472,890
Balance (in shares) at Sep. 30, 2023	49,535		24,136
Balance at Sep. 30, 2023	$ 495	386,816	$ (684,747)	(2,810)	762,830	(28)	462,556
Net income	0	0	0	0	17,411	0	17,411
Share-based compensation expense	0	364	0	0	0	0	364
Cash dividends declared	0	0	0	0	(9,189)	0	(9,189)
Other comprehensive income (loss)	0	0	0	1,747	0	(8)	1,739
Share-based compensation expense	0	364	0	0	0	0	364
Cash dividends declared and paid	$ 0	0	$ 0	0	9,189	0	9,189
Balance (in shares) at Dec. 31, 2023	49,536		24,136
Balance at Dec. 31, 2023	$ 495	387,189	$ (684,747)	(1,063)	771,052	(36)	472,890
Common stock issued on share-based awards (in shares)	1		0
Common stock issued on share-based awards	$ 0	9	$ 0	0	0	0	9
Balance (in shares) at Jun. 30, 2024	49,550		24,138
Balance at Jun. 30, 2024	$ 495	388,104	$ (684,796)	(4,189)	783,366	(64)	482,916
Net income	0	0	0	0	14,719	0	14,719
Share-based compensation expense	$ 0	375	$ 0	0	0	0	375
Restricted stock vesting (in shares)	88		70
Restricted stock vesting	$ 1	(1)	$ (2,207)	0	0	0	(2,207)
Cash dividends declared	0	0	0	0	(20,184)	0	(20,184)
Other comprehensive income (loss)	0	0	0	(958)	0	(10)	(968)
Share-based compensation expense	0	375	0	0	0	0	375
Cash dividends declared and paid	$ 0	0	$ 0	0	20,184	0	20,184
Balance (in shares) at Sep. 30, 2024	49,638		24,208
Balance at Sep. 30, 2024	$ 496	388,478	$ (687,003)	(5,147)	777,901	(74)	474,651
Restricted stock vesting (in shares)	(88)		(70)
Balance (in shares) at Jun. 30, 2024	49,550		24,138
Balance at Jun. 30, 2024	$ 495	388,104	$ (684,796)	(4,189)	783,366	(64)	482,916
Net income							29,723
Other comprehensive income (loss)							(2,347)
Balance (in shares) at Dec. 31, 2024	49,638		24,208
Balance at Dec. 31, 2024	$ 496	388,888	$ (687,003)	(6,503)	782,938	(97)	478,719
Balance (in shares) at Sep. 30, 2024	49,638		24,208
Balance at Sep. 30, 2024	$ 496	388,478	$ (687,003)	(5,147)	777,901	(74)	474,651
Net income	0	0	0	0	15,004	0	15,004
Share-based compensation expense	0	410	0	0	0	0	410
Cash dividends declared	0	0	0	0	(9,967)	0	(9,967)
Other comprehensive income (loss)	0	0	0	(1,356)	0	(23)	(1,379)
Share-based compensation expense	0	410	0	0	0	0	410
Cash dividends declared and paid	$ 0	0	$ 0	0	9,967	0	9,967
Balance (in shares) at Dec. 31, 2024	49,638		24,208
Balance at Dec. 31, 2024	$ 496	$ 388,888	$ (687,003)	$ (6,503)	$ 782,938	$ (97)	$ 478,719

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Business	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Nature of Operations [Text Block]	(1) Organization and Nature of Business Ethan Allen Interiors Inc., through its wholly owned subsidiary, Ethan Allen Global, Inc., and Ethan Allen Global, Inc.’s subsidiaries (collectively, “we,” “us,” “our,” “Ethan Allen” or the “Company”), is a Delaware corporation and leading interior design company, manufacturer and retailer in the home furnishings marketplace. We are a global luxury home fashion brand that is vertically integrated from product design through home delivery, which offers our customers stylish product offerings, artisanal quality, and personalized service. We are known for the quality and craftsmanship of our products as well as for the exceptional personal service from design to delivery, and for our commitment to social responsibility and sustainable operations. Our strong network of entrepreneurial leaders and interior designers provide complimentary interior design service to our clients and sell a full range of home furnishing products through a retail network of design centers located throughout the United States and abroad as well as online at ethanallen.com. Ethan Allen design centers represent a mix of locations operated by independent licensees and Company-operated locations. At We manufacture approximately 75% of our furniture in our North American manufacturing plants and have been recognized for product quality and craftsmanship since we were founded in 1932. At December 31, 2024 we own and operate eleven four one one one three one

Note 2 - Interim Basis of Prese

Note 2 - Interim Basis of Presentation	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	(2) Interim Basis of Presentation Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Our consolidated financial statements also include the accounts of an entity in which we are a majority shareholder with the power to direct the activities that most significantly impact the entity’s performance. Noncontrolling interest amounts in the entity are immaterial and included in the consolidated statements of comprehensive income within Interest and other income, net The interim consolidated financial statements were prepared on a basis consistent with those reflected in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024 (the “2024 Annual Report on Form 10-K”) but do not include all disclosures required by U.S. generally accepted accounting principles (“GAAP”). We derived the June 30, 2024 consolidated balance sheet from our audited financial statements included in our 2024 Annual Report on Form 10-K. In our opinion, all adjustments, consisting only of normal recurring adjustments necessary for fair presentation, have been included in the consolidated financial statements. The results of operations for the three and six months ended December 31, 2024 are not necessarily indicative of results that may be expected for the entire fiscal year. Use of Estimates We prepare our consolidated financial statements in accordance with GAAP, which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of net sales and expenses during the reporting period. Due to the inherent uncertainty involved in making those estimates, actual results could differ from those estimates. Areas in which significant estimates have been made include, but are not limited to, goodwill and indefinite-lived intangible asset impairment analyses, recoverability and useful lives for property, plant and equipment, inventory obsolescence, tax valuation allowances, the evaluation of uncertain tax positions and business insurance reserves. Restricted Cash We present restricted cash as a component of total cash and cash equivalents on our consolidated statements of cash flows and within Other assets We have evaluated subsequent events through the date of issuance of the financial statements included in this Quarterly Report on Form 10-Q.

Note 3 - Recent Accounting Pron

Note 3 - Recent Accounting Pronouncements	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	(3) Recent Accounting Pronouncements The Company evaluates all Accounting Standards Updates (“ASUs”) issued by the Financial Accounting Standards Board (“FASB”) for consideration of their applicability to our consolidated financial statements. New Accounting Standards or Updates Adopted in Fiscal 2025 Segment Reporting. Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures Recent Accounting Standards or Updates Not Yet Effective Income Taxes. Income Taxes (Topic 740): Improvements to Income Tax Disclosures Disaggregation of Income Statement Expenses. Income Statement Reporting Comprehensive Income Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses No other new accounting pronouncements issued or effective as of December 31, 2024 have had or are expected to have a material impact on our consolidated financial statements or related disclosures.

Note 4 - Revenue Recognition

Note 4 - Revenue Recognition	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	(4) Revenue Recognition Our reported revenue (net sales) consists 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. The majority of our shipping agreements are freight-on-board shipping point and risk of loss transfers to our wholesale customer once the product is out of our control. Accordingly, revenue is recognized for product shipments on third-party carriers at the point in time that our product is loaded onto the third-party container or truck. For sales in our retail segment, control generally transfers upon delivery to the customer. We recognize the promised amount of consideration without adjusting for the effects of a significant financing component if the contract has a duration of one year or less. As our contracts typically are less than one year in length and do not have significant financing components, we have not adjusted consideration. Shipping and Handling. Sales Taxes. Accounts payable and accrued expenses Returns and Allowances. Prepaid expenses and other current assets Other current liabilities Allowance for Credit Losses. Commissions. Prepaid expenses and other current assets SG&A expenses Customer Deposits. Customer deposits Customer deposits Customer deposits The following table disaggregates our net sales by product category by segment (in thousands): Three months ended December 31, 2024 Three months ended December 31, 2023 Wholesale Retail Eliminations (1) Total Wholesale Retail Eliminations (1) Total Upholstery (2) $ 43,648 $ 65,050 $ (32,553 ) $ 76,145 $ 44,619 $ 66,919 $ (31,209 ) $ 80,329 Case goods (3) 27,919 34,522 (17,235 ) 45,206 29,183 35,513 (17,579 ) 47,117 Accents (4) 16,318 27,808 (14,042 ) 30,084 17,851 28,794 (13,760 ) 32,885 Other (5) (1,074 ) 6,899 - 5,825 (1,026 ) 7,971 - 6,945 Total $ 86,811 $ 134,279 $ (63,830 ) $ 157,260 $ 90,627 $ 139,197 $ (62,548 ) $ 167,276 Six months ended December 31, 2024 Six months ended December 31, 2023 Wholesale Retail Eliminations (1) Total Wholesale Retail Eliminations (1) Total Upholstery (2) $ 89,643 $ 128,921 $ (65,434 ) $ 153,130 $ 93,884 $ 132,112 $ (67,161 ) $ 158,835 Case goods (3) 53,850 68,678 (34,642 ) 87,886 59,518 67,814 (35,555 ) 91,777 Accents (4) 31,371 55,845 (28,226 ) 58,990 38,639 57,619 (28,971 ) 67,287 Other (5) (1,997 ) 13,588 - 11,591 (1,984 ) 15,253 - 13,269 Total $ 172,867 $ 267,032 $ (128,302 ) $ 311,597 $ 190,057 $ 272,798 $ (131,687 ) $ 331,168 (1) The Eliminations column in the tables above represents the elimination of all intercompany wholesale segment sales to the retail segment in each period presented. (2) Upholstery 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 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, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, flooring, wall coverings and outdoor furnishings. (5) Other includes product delivery sales, Ethan Allen Hotel revenues, sales of third-party furniture protection plans and other miscellaneous product sales less prompt payment discounts, sales allowances and other incentives.

Note 5 - Fair Value Measurement

Note 5 - Fair Value Measurements	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]	(5) Fair Value Measurements Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date. In determining fair value, the use of various valuation methodologies, including market, income and cost approaches is permissible. We consider the principal or most advantageous market in which it would transact and assumptions that market participants would use when pricing the asset or liability. Fair Value Hierarchy. We have categorized our cash equivalents and investments within the fair value hierarchy as follows: Level 1 Level 2 Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis. Fair Value Measurements at December 31, 2024 Financial Assets Balance Sheet Location Level 1 Level 2 Level 3 Total Corporate money market funds (1) Cash and cash equivalents $ 13,830 $ - $ - $ 13,830 U.S. Treasury bills (2) Investments, short-term - 82,049 - 82,049 U.S. Treasury notes (2) Investments, long-term - 45,092 - 45,092 Total $ 13,830 $ 127,141 $ - $ 140,971 Fair Value Measurements at June 30, 2024 Financial Assets Balance Sheet Location Level 1 Level 2 Level 3 Total Corporate money market funds (1) Cash and cash equivalents $ 33,487 $ - $ - $ 33,487 U.S. Treasury bills (2) Investments, short-term - 91,319 - 91,319 U.S. Treasury notes (2) Investments, long-term - 34,772 - 34,772 Total $ 33,487 $ 126,091 $ - $ 159,578 (1) Our corporate money market funds are readily convertible into cash and the net asset value of each fund on the last day of the quarter is used to determine its fair value. (2) We have current and non-current debt securities (U.S. Treasury bills and notes) intended to enhance returns on our cash as well as to fund future obligations. There were no Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis. Assets and Liabilities Measured at Fair Value for Disclosure Purposes Only. no

Note 6 - Leases

Note 6 - Leases	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Lessee, Leases [Text Block]	(6) Leases We recognize leases on our consolidated balance sheets as a right-of-use (“ROU”) asset and a lease liability. We have operating leases for many of our design centers that expire at various dates through fiscal 2040. We also lease certain tangible assets, including computer equipment and vehicles, with initial lease terms ranging from two five The Company's lease terms and discount rates are as follows: December 31, 2024 2023 Weighted average remaining lease term (in years) Operating leases 5.5 5.7 Financing leases 2.3 2.5 Weighted average discount rate Operating leases 5.9 % 5.7 % Financing leases 5.6 % 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): Three months ended December 31, Six months ended December 31, Statements of Comprehensive Income Location 2024 2023 2024 2023 Operating lease cost (1) SG&A expenses $ 8,170 $ 7,893 $ 16,288 $ 15,818 Financing lease cost Depreciation of property SG&A expenses 88 124 173 248 Interest on lease liabilities Interest and other financing costs 12 4 25 8 Short-term lease cost (2) SG&A expenses 64 2 164 59 Variable lease cost (3) SG&A expenses 2,482 2,365 4,919 4,791 Less: Sublease income SG&A expenses (352 ) (288 ) (757 ) (575 ) Total lease expense $ 10,464 $ 10,100 $ 20,812 $ 20,349 (1) Lease expense for operating leases consists of both fixed and variable components. Expenses related to fixed lease payments are recognized on a straight-line basis over the lease term. (2) Leases with an initial term of 12 months or less are not recorded on the balance sheet and instead expensed on a straight-line basis over the lease term. (3) Variable lease payments are generally expensed as incurred, where applicable, and include certain non-lease components, such as maintenance, utilities, real estate taxes, insurance and other services provided by the lessor, and other charges included in the lease. In addition, certain of our equipment lease agreements include variable lease payments, which are based on the usage of the underlying asset. The variable portion of payments are not included in the initial measurement of the asset or lease liability due to uncertainty of the payment amount and are recorded as expense in the period incurred. The following table reconciles the undiscounted future minimum lease payments (by year and in the aggregate) under noncancelable leases with terms of more than one year to the total lease liabilities recognized on our consolidated balance sheets at December 31, 2024 (in thousands): Fiscal Year Operating Leases Financing Leases 2025 (remaining six months) $ 17,305 $ 199 2026 32,189 398 2027 25,776 326 2028 22,545 - 2029 18,029 - Thereafter 31,104 - Total undiscounted future minimum lease payments 146,948 923 Less: imputed interest (22,188 ) (55 ) Total present value of lease obligations (1) $ 124,760 $ 868 (1) Excludes future commitments under short-term operating lease agreements of less than $0.1 million at December 31, 2024. At December 31, 2024, we have one operating lease for a retail design center which has not yet commenced and is therefore not part of the tables above nor included in the lease ROU assets and liabilities. This lease will commence when we obtain possession of the underlying leased asset, which is expected within the next six months. This operating lease is for a period of 10 years and has an aggregate undiscounted future lease payment of $2.2 million. At December 31, 2024, we did not have any financing leases that had not yet commenced. Other supplemental information for our leases is as follows (in thousands): Six months ended 2024 2023 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 17,257 $ 16,071 Operating cash flows from financing leases $ 172 $ 263 Operating lease assets obtained in exchange for operating lease liabilities $ 10,111 $ 10,092 Financing lease obligations obtained in exchange for new financing lease assets $ - $ -

Note 7 - Investments

Note 7 - Investments	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Investment [Text Block]	(7) Investments We have investments in debt securities intended to enhance returns on our cash as well as to fund future obligations. Our short-term investments consist of U.S. Treasury bills, with maturities of less than one year, and total $82.0 million at December 31, 2024. Our long-term investments consist of U.S. Treasury notes, with maturities ranging between one and two years, and total $45.1 million at December 31, 2024. We had $36.3 million of U.S. Treasuries mature during the first six months of fiscal 2025, which were subsequently reinvested for $35.2 million. All unrealized gains and losses are included in Accumulated other comprehensive loss Our debt securities are presented below in accordance with their stated maturities: December 31, 2024 Amortized cost Gross unrealized gains Gross unrealized losses Fair Value Due within one year $ 79,896 $ 2,153 $ - $ 82,049 Due within one and two years 45,152 40 (100 ) 45,092 Total $ 125,048 $ 2,193 $ (100 ) $ 127,141 June 30, 2024 Amortized cost Gross unrealized gains Gross unrealized losses Fair Value Due within one year $ 89,997 $ 1,322 $ - $ 91,319 Due within one and two years 34,894 - (122 ) 34,772 Total $ 124,891 $ 1,322 $ (122 ) $ 126,091

Note 8 - Inventories

Note 8 - Inventories	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Inventory Disclosure [Text Block]	(8) Inventories Inventories are stated at the lower of cost, determined on a first-in, first-out basis, and net realizable value and are summarized as follows (in thousands): December 31, June 30, 2024 2024 Finished goods $ 107,570 $ 107,835 Work in process 12,435 11,752 Raw materials 23,744 24,249 Inventory reserves (1,735 ) (1,796 ) Inventories, net $ 142,014 $ 142,040

Note 9 - Property, Plant and Eq

Note 9 - Property, Plant and Equipment	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	(9) Property, Plant and Equipment Property, plant and equipment are summarized as follows (in thousands): December 31, June 30, 2024 2024 Land and improvements $ 77,795 $ 77,049 Building and improvements 366,147 365,380 Machinery and equipment 121,192 119,434 Property, plant and equipment, gross 565,134 561,863 Less: accumulated depreciation and amortization (352,524 ) (346,605 ) Property, plant and equipment, net $ 212,610 $ 215,258 We recorded depreciation and amortization expense of $4.0 million during the three months ended December 31, 2024 and 2023. Depreciation expense was $7.9 million and $8.0 million for the six months ended December 31, 2024 and 2023, respectively.

Note 10 - Goodwill and Intangib

Note 10 - Goodwill and Intangible Assets	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	(10) Goodwill and 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 amortized as they are estimated to have an indefinite life. At December 31, 2024 and June 30, 2024, we had $25.4 million of goodwill and $19.7 million of indefinite-lived intangible assets, all of which is assigned to our wholesale reporting unit. Our wholesale reporting unit is principally involved in the development of the Ethan Allen brand and encompasses all aspects of design, manufacturing, sourcing, marketing, sale and distribution of the Company’s broad range of home furnishings and accents. We test our wholesale goodwill and indefinite-lived intangibles for impairment on an annual basis in the fourth quarter of each fiscal year, and more frequently if events or changes in circumstances indicate that it might be impaired. Consistent with the timing of prior years, we performed our annual goodwill and indefinite-lived intangible asset impairment tests during the fourth quarter of fiscal 2024 utilizing a qualitative analysis and concluded it was more likely than not the fair value of our trade name was greater than its carrying value and no impairment charge was required.

Note 11 - Restructuring and Oth

Note 11 - Restructuring and Other Charges, Net of Gains	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	(11) Restructuring and Other Charges, Net of Gains Restructuring and other charges, net of gains were as follows (in thousands): Three months ended Six months ended 2024 2023 2024 2023 Hurricane Helene (1) $ (269 ) $ - $ 66 $ - Orleans, Vermont flood (2) - 250 21 2,346 Gain on sale-leaseback transaction (3) - (655 ) (218 ) (1,310 ) Severance and other charges 275 170 369 221 Total Restructuring and other charges, net of gains $ 6 $ (235 ) $ 238 $ 1,257 (1) In September 2024, an Ethan Allen distribution center located in Old Fort, North Carolina was impacted from significant flooding caused by Hurricane Helene. The distribution center, which primarily focuses on shipping custom-made home furnishings to select wholesale customers, suffered losses related to damaged inventory, impaired equipment, a temporary work stoppage and a disruption in shipments. Total losses incurred during the first six months of fiscal 2025 were $0.1 million, net of insurance recoveries. (2) In July 2023, our wood furniture manufacturing operations located in Orleans, Vermont sustained damage from flooding of the nearby Barton River. In addition to losses related to wood furniture inventory parts and state-of-the-art manufacturing equipment, the flooding also resulted in a temporary work stoppage for many Vermont employees and a disruption and delay of shipments. Total losses incurred during the first six months of fiscal 2024 were $2.3 million, net of insurance recoveries and grant proceeds. (3) On August 1, 2022, we completed a sale-leaseback transaction with an independent third party for the land, building and related fixed assets of a retail design center which resulted in a deferred gain of $5.2 million to be amortized over the term of the operating lease agreement which expired on July 31, 2024. Restructuring payments made by the Company during the six months ended December 31, 2024 were $0.4 million, which were primarily for severance. The restructuring balance at December 31, 2024 was $0.3 million and is anticipated to be paid during the remainder of fiscal 2025.

Note 12 - Credit Agreement

Note 12 - Credit Agreement	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	(12) Credit Agreement On January 26, 2022, the Company and most of its domestic subsidiaries (the “Loan Parties”) entered into a Third Amended and Restated Credit Agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A. as administrative agent and syndication agent and Capital One, National Association, as documentation agent. The Credit Agreement amends and restates the Second Amended and Restated Credit Agreement, dated as of December 21, 2018, as amended. The Credit Agreement provides for a $125 million revolving credit facility (the “Facility”), subject to borrowing base availability, with a maturity date of January 26, 2027. The Credit Agreement also provides the Company with an option to increase the size of the facility up to an additional amount of $60 million. We incurred financing costs of $0.5 million during fiscal 2022, which are being amortized as interest expense within Interest and other financing costs Availability. Borrowings. 1.0%) no Covenants and Other Ratios. The Facility does not contain any significant financial ratio covenants or coverage ratio covenants other than a fixed charge coverage ratio covenant based on the ratio of (a) EBITDA, plus cash Rentals, minus Unfinanced Capital Expenditures to (b) Fixed Charges, as such terms are defined in the Facility. The fixed charge coverage ratio covenant, set at 1.0 to 1.0 and measured on a trailing period of four consecutive fiscal quarters, only applies in certain limited circumstances, including when the unused availability under the Facility drops below $14.0 million. At no point during fiscal 2025 or 2024, did the unused availability under the Facility fall below $14.0 million, thus the Fixed-Charge Coverage Ratio (FCCR) Covenant did not apply. At December 31, 2024 and June 30, 2024, we were in compliance with all the covenants under the Facility. Letters of Credit.

Note 13 - Income Taxes

Note 13 - Income Taxes	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	(13) Income Taxes The Company's process for determining the provision for income taxes involves using an estimated annual effective tax rate which is based on forecasted annual income and statutory tax rates across the various jurisdictions in which we operate. We recorded a provision for income tax expense of $5.1 million and $10.1 million, respectively, for the three and six months ended December 31, 2024 compared with $5.9 million and $11.1 million in the prior year comparable periods. Our consolidated effective tax rate was 25.4% for both the three and six months ended December 31, 2024 compared with 25.5% for both prior year comparable periods. Our effective tax rate varies from the 21% federal statutory rate primarily due to state taxes. We recognize interest and penalties related to income tax matters as a component of income tax expense. At December 31, 2024, we had $4.3 million of unrecognized tax benefits compared with $3.9 million at June 30, 2024. It is reasonably possible that various issues relating to $0.9 million of the total gross unrecognized tax benefits at December 31, 2024 will be resolved within the next 12 months as exams are completed or statutes expire. If recognized, $0.7 million of unrecognized tax benefits would reduce our income tax expense in the period realized.

Note 14 - Earnings Per Share

Note 14 - Earnings Per Share	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	(14) Earnings Per Share The following is a reconciliation of the numerators and denominators we used in our computations of basic and diluted earnings per share (“EPS”): Three months ended Six months ended December 31, December 31, (in thousands, except per share data) 2024 2023 2024 2023 Numerator (basic and diluted): Net income available to common Shareholders $ 15,004 $ 17,411 $ 29,723 $ 32,350 Denominator: Basic weighted average shares common shares outstanding 25,556 25,525 25,551 25,515 Dilutive effect of stock options and other share-based awards (1) 69 105 71 109 Diluted weighted average shares common shares outstanding 25,625 25,630 25,622 25,624 Earnings per share: Basic $ 0.59 $ 0.68 $ 1.16 $ 1.27 Diluted $ 0.59 $ 0.68 $ 1.16 $ 1.26 (1) Dilutive potential common shares consist of stock options, restricted stock units and performance units. At December 31, 2024 and 2023, total share-based awards of 43,232 and 30,063, respectively, were excluded from the diluted EPS calculations because their inclusion would have been anti-dilutive. At December 31, 2024 and 2023, the number of performance units excluded from the calculation of diluted EPS were 213,717 and 165,176, respectively .

Note 15 - Accumulated Other Com

Note 15 - Accumulated Other Comprehensive Loss	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	(15) Accumulated Other Comprehensive Loss Accumulated other comprehensive loss consists of foreign currency translation adjustments and unrealized gains or losses on our investments. Foreign currency translation adjustments are the result of changes in foreign currency exchange rates related to our operations in Canada, Honduras and Mexico. 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. All unrealized gains and losses on investments are included in Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss are as follows (in thousands): December 31, June 30, Accumulated foreign currency translation adjustments $ (8,066 ) $ (5,085 ) Accumulated unrealized gains on investments, net of tax 1,563 896 $ (6,503 ) $ (4,189 ) The following table sets forth the activity in accumulated other comprehensive loss (in thousands): 2024 2023 Beginning balance at July 1 $ (4,189 ) $ (2,785 ) Other comprehensive (loss) income, net of tax (2,347 ) 1,708 Less AOCI attributable to noncontrolling interests 33 14 Ending balance at December 31 $ (6,503 ) $ (1,063 )

Note 16 - Share-based Compensat

Note 16 - Share-based Compensation	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	(16) Share-Based Compensation We recognized total share-based compensation expense of $0.8 million and $0.7 million during the six months ended December 31, 2024 and 2023, respectively. These amounts have been included in the consolidated statements of comprehensive income within SG&A expenses , no At December 31, 2024, there were 1,142,853 shares of common stock available for future issuance pursuant to the Ethan Allen Interiors Inc. Stock Incentive Plan (the “Plan”), which provides for the grant of stock options, restricted stock and stock units. The Plan also provides for the issuance of stock appreciation rights (“SARs”) on issued options; however, no SARs have been issued to date. All share-based awards are approved by the Compensation Committee of the Board of Directors after consideration of recommendations proposed by the Chief Executive Officer. Stock Option Activity Employee Stock Option Grants. no Non-Employee Stock Option Grants. three ten A total of 116,411 stock options were outstanding at December 31, 2024, with a weighted average exercise price of $25.73 and a weighted average grant date fair value of $6.64. Restricted Stock Unit Activity During the first six months of fiscal 2025, we granted 23,399 non-performance based restricted stock units (“RSUs”), with a weighted average grant date fair value of $24.04. The RSUs granted to employees entitle the holder to receive the underlying shares of common stock as the unit vests over the relevant vesting period. The RSUs do not entitle the holder to receive dividends declared on the underlying shares while the RSUs remain unvested and vest in three three During the first six months of fiscal 2025, 20,282 RSUs vested and 3,162 were forfeited, leaving 46,263 RSUs unvested and outstanding at December 31, 2024, with a weighted average grant date fair value of $24.02. At December 31, 2024, $0.9 million of total unrecognized compensation expense related to unvested RSUs is expected to be recognized over a weighted average remaining period of 1.9 years. Performance Stock Unit Activity Payout of performance stock units (“PSUs”) depend on the attainment of certain financial and shareholder-return goals over a specific performance period, which is generally three During the first six months of fiscal 2025, we granted 92,669 PSUs with a weighted average grant date fair value of $23.06 compared with 73,095 PSUs at a weighted average grant date fair value of $27.58 in the prior year. We estimate, as of the date of grant, the fair value of PSUs 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 paid during the restriction period, and a discount for lack of marketability for a one-year post-vest holding period. The lack of marketability discount used is the present value of a future put option using the Chaffe model. During the first six months of fiscal 2025, 68,250 PSUs vested and 5,237 were forfeited, leaving 385,023 PSUs unvested and outstanding at December 31, 2024, with a weighted average grant date fair value of $23.34. Unrecognized compensation expense at December 31, 2024, related to PSUs, was $1.5 million based on the current estimates of the number of awards that will vest, and is expected to be recognized over a weighted average remaining period of 2.1 years.

Note 17 - Segment Information

Note 17 - Segment Information	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	(17) Segment Information Ethan Allen conducts business globally and has strategically aligned its business into two two Wholesale Segment. Retail Segment. Intersegment. Segment information is provided below (in thousands): Three months ended Six months ended December 31, December 31, 2024 2023 2024 2023 Net sales Wholesale segment $ 86,811 $ 90,627 $ 172,867 $ 190,057 Less: intersegment sales (63,830 ) (62,548 ) (128,302 ) (131,687 ) Wholesale sales to external customers 22,981 28,079 44,565 58,370 Retail segment 134,279 139,197 267,032 272,798 Consolidated total $ 157,260 $ 167,276 $ 311,597 $ 331,168 Income before income taxes Wholesale segment $ 9,637 $ 10,823 $ 21,492 $ 25,194 Retail segment 6,654 6,962 14,141 12,124 Elimination of intercompany profit (a) 1,866 3,903 89 2,721 Operating income 18,157 21,688 35,722 40,039 Interest and other income, net 2,029 1,719 4,227 3,504 Interest and other financing costs 63 52 123 113 Consolidated total $ 20,123 $ 23,355 $ 39,826 $ 43,430 Depreciation and amortization Wholesale segment $ 1,555 $ 1,627 $ 3,065 $ 3,229 Retail segment 2,427 2,433 4,789 4,778 Consolidated total $ 3,982 $ 4,060 $ 7,854 $ 8,007 Capital expenditures Wholesale segment $ 2,047 $ 834 $ 4,842 $ 2,290 Retail segment 1,735 710 2,529 2,951 Consolidated total $ 3,782 $ 1,544 $ 7,371 $ 5,241 (a) Represents the change in wholesale profit contained in the retail segment inventory at the end of the period. (in thousands) December 31, June 30, Total Assets 2024 2024 Wholesale segment $ 376,464 $ 379,693 Retail segment 382,890 392,243 Inventory profit elimination (a) (26,781 ) (27,019 ) Consolidated total $ 732,573 $ 744,917 (a) 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 18 - Commitments and Conti

Note 18 - Commitments and Contingencies	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	(18) Commitments and Contingencies Commitments represent obligations, such as those for future purchases of goods or services that are not yet recorded on the consolidated balance sheets as liabilities. We record liabilities for commitments when incurred (specifically when the goods or services are received). Fluctuations in our operating results, levels of inventory on hand, the degree of success of our accounts receivable collection efforts, the timing of tax and other payments, as well as capital expenditures will impact our liquidity and cash flows in future periods. Material Cash Requirements from Contractual Obligations. Legal Matters. , Contingencies. ,

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]		Item 5. Other Information Securities Trading Plans of Directors and Officers None
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Standards or Updates Adopted in Fiscal 2025 Segment Reporting. Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures Recent Accounting Standards or Updates Not Yet Effective Income Taxes. Income Taxes (Topic 740): Improvements to Income Tax Disclosures Disaggregation of Income Statement Expenses. Income Statement Reporting Comprehensive Income Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses No other new accounting pronouncements issued or effective as of December 31, 2024 have had or are expected to have a material impact on our consolidated financial statements or related disclosures.

Note 4 - Revenue Recognition (T

Note 4 - Revenue Recognition (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three months ended December 31, 2024 Three months ended December 31, 2023 Wholesale Retail Eliminations (1) Total Wholesale Retail Eliminations (1) Total Upholstery (2) $ 43,648 $ 65,050 $ (32,553 ) $ 76,145 $ 44,619 $ 66,919 $ (31,209 ) $ 80,329 Case goods (3) 27,919 34,522 (17,235 ) 45,206 29,183 35,513 (17,579 ) 47,117 Accents (4) 16,318 27,808 (14,042 ) 30,084 17,851 28,794 (13,760 ) 32,885 Other (5) (1,074 ) 6,899 - 5,825 (1,026 ) 7,971 - 6,945 Total $ 86,811 $ 134,279 $ (63,830 ) $ 157,260 $ 90,627 $ 139,197 $ (62,548 ) $ 167,276 Six months ended December 31, 2024 Six months ended December 31, 2023 Wholesale Retail Eliminations (1) Total Wholesale Retail Eliminations (1) Total Upholstery (2) $ 89,643 $ 128,921 $ (65,434 ) $ 153,130 $ 93,884 $ 132,112 $ (67,161 ) $ 158,835 Case goods (3) 53,850 68,678 (34,642 ) 87,886 59,518 67,814 (35,555 ) 91,777 Accents (4) 31,371 55,845 (28,226 ) 58,990 38,639 57,619 (28,971 ) 67,287 Other (5) (1,997 ) 13,588 - 11,591 (1,984 ) 15,253 - 13,269 Total $ 172,867 $ 267,032 $ (128,302 ) $ 311,597 $ 190,057 $ 272,798 $ (131,687 ) $ 331,168

Note 5 - Fair Value Measureme_2

Note 5 - Fair Value Measurements (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair Value Measurements at December 31, 2024 Financial Assets Balance Sheet Location Level 1 Level 2 Level 3 Total Corporate money market funds (1) Cash and cash equivalents $ 13,830 $ - $ - $ 13,830 U.S. Treasury bills (2) Investments, short-term - 82,049 - 82,049 U.S. Treasury notes (2) Investments, long-term - 45,092 - 45,092 Total $ 13,830 $ 127,141 $ - $ 140,971 Fair Value Measurements at June 30, 2024 Financial Assets Balance Sheet Location Level 1 Level 2 Level 3 Total Corporate money market funds (1) Cash and cash equivalents $ 33,487 $ - $ - $ 33,487 U.S. Treasury bills (2) Investments, short-term - 91,319 - 91,319 U.S. Treasury notes (2) Investments, long-term - 34,772 - 34,772 Total $ 33,487 $ 126,091 $ - $ 159,578

Note 6 - Leases (Tables)

Note 6 - Leases (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Lease, Cost [Table Text Block]	December 31, 2024 2023 Weighted average remaining lease term (in years) Operating leases 5.5 5.7 Financing leases 2.3 2.5 Weighted average discount rate Operating leases 5.9 % 5.7 % Financing leases 5.6 % 4.4 % Three months ended December 31, Six months ended December 31, Statements of Comprehensive Income Location 2024 2023 2024 2023 Operating lease cost (1) SG&A expenses $ 8,170 $ 7,893 $ 16,288 $ 15,818 Financing lease cost Depreciation of property SG&A expenses 88 124 173 248 Interest on lease liabilities Interest and other financing costs 12 4 25 8 Short-term lease cost (2) SG&A expenses 64 2 164 59 Variable lease cost (3) SG&A expenses 2,482 2,365 4,919 4,791 Less: Sublease income SG&A expenses (352 ) (288 ) (757 ) (575 ) Total lease expense $ 10,464 $ 10,100 $ 20,812 $ 20,349
Lessee, Leases, Liability, Maturity [Table Text Block]	Fiscal Year Operating Leases Financing Leases 2025 (remaining six months) $ 17,305 $ 199 2026 32,189 398 2027 25,776 326 2028 22,545 - 2029 18,029 - Thereafter 31,104 - Total undiscounted future minimum lease payments 146,948 923 Less: imputed interest (22,188 ) (55 ) Total present value of lease obligations (1) $ 124,760 $ 868
Lease, Supplemental Lease Information [Table Text Block]	Six months ended 2024 2023 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 17,257 $ 16,071 Operating cash flows from financing leases $ 172 $ 263 Operating lease assets obtained in exchange for operating lease liabilities $ 10,111 $ 10,092 Financing lease obligations obtained in exchange for new financing lease assets $ - $ -

Note 7 - Investments (Tables)

Note 7 - Investments (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Investment [Table Text Block]	December 31, 2024 Amortized cost Gross unrealized gains Gross unrealized losses Fair Value Due within one year $ 79,896 $ 2,153 $ - $ 82,049 Due within one and two years 45,152 40 (100 ) 45,092 Total $ 125,048 $ 2,193 $ (100 ) $ 127,141 June 30, 2024 Amortized cost Gross unrealized gains Gross unrealized losses Fair Value Due within one year $ 89,997 $ 1,322 $ - $ 91,319 Due within one and two years 34,894 - (122 ) 34,772 Total $ 124,891 $ 1,322 $ (122 ) $ 126,091

Note 8 - Inventories (Tables)

Note 8 - Inventories (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, June 30, 2024 2024 Finished goods $ 107,570 $ 107,835 Work in process 12,435 11,752 Raw materials 23,744 24,249 Inventory reserves (1,735 ) (1,796 ) Inventories, net $ 142,014 $ 142,040

Note 9 - Property, Plant and _2

Note 9 - Property, Plant and Equipment (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Property, Plant and Equipment [Table Text Block]	December 31, June 30, 2024 2024 Land and improvements $ 77,795 $ 77,049 Building and improvements 366,147 365,380 Machinery and equipment 121,192 119,434 Property, plant and equipment, gross 565,134 561,863 Less: accumulated depreciation and amortization (352,524 ) (346,605 ) Property, plant and equipment, net $ 212,610 $ 215,258

Note 11 - Restructuring and O_2

Note 11 - Restructuring and Other Charges, Net of Gains (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	Three months ended Six months ended 2024 2023 2024 2023 Hurricane Helene (1) $ (269 ) $ - $ 66 $ - Orleans, Vermont flood (2) - 250 21 2,346 Gain on sale-leaseback transaction (3) - (655 ) (218 ) (1,310 ) Severance and other charges 275 170 369 221 Total Restructuring and other charges, net of gains $ 6 $ (235 ) $ 238 $ 1,257

Note 14 - Earnings Per Share (T

Note 14 - Earnings Per Share (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended Six months ended December 31, December 31, (in thousands, except per share data) 2024 2023 2024 2023 Numerator (basic and diluted): Net income available to common Shareholders $ 15,004 $ 17,411 $ 29,723 $ 32,350 Denominator: Basic weighted average shares common shares outstanding 25,556 25,525 25,551 25,515 Dilutive effect of stock options and other share-based awards (1) 69 105 71 109 Diluted weighted average shares common shares outstanding 25,625 25,630 25,622 25,624 Earnings per share: Basic $ 0.59 $ 0.68 $ 1.16 $ 1.27 Diluted $ 0.59 $ 0.68 $ 1.16 $ 1.26

Note 15 - Accumulated Other C_2

Note 15 - Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	December 31, June 30, Accumulated foreign currency translation adjustments $ (8,066 ) $ (5,085 ) Accumulated unrealized gains on investments, net of tax 1,563 896 $ (6,503 ) $ (4,189 ) 2024 2023 Beginning balance at July 1 $ (4,189 ) $ (2,785 ) Other comprehensive (loss) income, net of tax (2,347 ) 1,708 Less AOCI attributable to noncontrolling interests 33 14 Ending balance at December 31 $ (6,503 ) $ (1,063 )

Note 17 - Segment Information (

Note 17 - Segment Information (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three months ended Six months ended December 31, December 31, 2024 2023 2024 2023 Net sales Wholesale segment $ 86,811 $ 90,627 $ 172,867 $ 190,057 Less: intersegment sales (63,830 ) (62,548 ) (128,302 ) (131,687 ) Wholesale sales to external customers 22,981 28,079 44,565 58,370 Retail segment 134,279 139,197 267,032 272,798 Consolidated total $ 157,260 $ 167,276 $ 311,597 $ 331,168 Income before income taxes Wholesale segment $ 9,637 $ 10,823 $ 21,492 $ 25,194 Retail segment 6,654 6,962 14,141 12,124 Elimination of intercompany profit (a) 1,866 3,903 89 2,721 Operating income 18,157 21,688 35,722 40,039 Interest and other income, net 2,029 1,719 4,227 3,504 Interest and other financing costs 63 52 123 113 Consolidated total $ 20,123 $ 23,355 $ 39,826 $ 43,430 Depreciation and amortization Wholesale segment $ 1,555 $ 1,627 $ 3,065 $ 3,229 Retail segment 2,427 2,433 4,789 4,778 Consolidated total $ 3,982 $ 4,060 $ 7,854 $ 8,007 Capital expenditures Wholesale segment $ 2,047 $ 834 $ 4,842 $ 2,290 Retail segment 1,735 710 2,529 2,951 Consolidated total $ 3,782 $ 1,544 $ 7,371 $ 5,241 (in thousands) December 31, June 30, Total Assets 2024 2024 Wholesale segment $ 376,464 $ 379,693 Retail segment 382,890 392,243 Inventory profit elimination (a) (26,781 ) (27,019 ) Consolidated total $ 732,573 $ 744,917

Note 1 - Organization and Nat_2

Note 1 - Organization and Nature of Business (Details Textual)	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2024
Number of Company Operated Design Centers		141
Number of Manufacturing Facilities		11
Number of Manufacturing Plants		4
Number of Sawmills		1
Number of Rough Mills		1
Number of Kiln Dry Lumberyards		1
UNITED STATES
Number of Company Operated Design Centers		137
CANADA
Number of Company Operated Design Centers		4
North America [Member] | Geographic Concentration Risk [Member] | Product Production [Member]
Concentration Risk, Percentage	75%
MEXICO
Number of Manufacturing Plants		3
HONDURAS
Number of Manufacturing Plants		1

Note 2 - Interim Basis of Pre_2

Note 2 - Interim Basis of Presentation (Details Textual) - USD ($) $ in Millions	Dec. 31, 2024	Jun. 30, 2024
Restricted Cash, Total	$ 0.6	$ 0.5

Note 4 - Revenue Recognition (D

Note 4 - Revenue Recognition (Details Textual) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Jun. 30, 2024
Contract with Customer, Asset, after Allowance for Credit Loss, Current, Total	$ 11.2			$ 11.2	$ 11.5
Contract with Customer, Liability	70.8			70.8	$ 73.5
Contract with Customer, Liability, Revenue Recognized	$ 13.9	$ 17.7	$ 71.9	$ 69.1

Note 4 - Revenue Recognition -

Note 4 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2024	Dec. 31, 2023
Revenues		$ 157,260		$ 167,276		$ 311,597	$ 331,168
Consolidation, Eliminations [Member]
Revenues		(63,830)	[1]	(62,548)	[1]	(128,302)	(131,687)
Wholesale Segment [Member] | Operating Segments [Member]
Revenues		86,811		90,627		172,867	190,057
Retail Segment [Member] | Operating Segments [Member]
Revenues		134,279		139,197		267,032	272,798
Upholstery Furniture [Member]
Revenues	[2]	76,145		80,329		153,130	158,835
Upholstery Furniture [Member] | Consolidation, Eliminations [Member]
Revenues	[2]	(32,553)		(31,209)		(65,434)	(67,161)
Upholstery Furniture [Member] | Wholesale Segment [Member] | Operating Segments [Member]
Revenues	[2]	43,648		44,619		89,643	93,884
Upholstery Furniture [Member] | Retail Segment [Member] | Operating Segments [Member]
Revenues	[2]	65,050		66,919		128,921	132,112
Case Goods Furniture [Member]
Revenues	[3]	45,206		47,117		87,886	91,777
Case Goods Furniture [Member] | Consolidation, Eliminations [Member]
Revenues	[3]	(17,235)		(17,579)		(34,642)	(35,555)
Case Goods Furniture [Member] | Wholesale Segment [Member] | Operating Segments [Member]
Revenues	[3]	27,919		29,183		53,850	59,518
Case Goods Furniture [Member] | Retail Segment [Member] | Operating Segments [Member]
Revenues	[3]	34,522		35,513		68,678	67,814
Accent [Member]
Revenues	[4]	30,084		32,885		58,990	67,287
Accent [Member] | Consolidation, Eliminations [Member]
Revenues	[4]	(14,042)		(13,760)		(28,226)	(28,971)
Accent [Member] | Wholesale Segment [Member] | Operating Segments [Member]
Revenues	[4]	16,318		17,851		31,371	38,639
Accent [Member] | Retail Segment [Member] | Operating Segments [Member]
Revenues	[4]	27,808		28,794		55,845	57,619
Manufactured Product, Other [Member]
Revenues	[5]	5,825		6,945		11,591	13,269
Manufactured Product, Other [Member] | Consolidation, Eliminations [Member]
Revenues	[5]	0		0		0	0
Manufactured Product, Other [Member] | Wholesale Segment [Member] | Operating Segments [Member]
Revenues	[5]	(1,074)		(1,026)		(1,997)	(1,984)
Manufactured Product, Other [Member] | Retail Segment [Member] | Operating Segments [Member]
Revenues	[5]	$ 6,899		$ 7,971		$ 13,588	$ 15,253
[1]The Eliminations column in the tables above represents the elimination of all intercompany wholesale segment sales to the retail segment in each period presented.[2]Upholstery 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 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, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, flooring, wall coverings and outdoor furnishings.[5]Other includes product delivery sales, Ethan Allen Hotel revenues, sales of third-party furniture protection plans and other miscellaneous product sales less prompt payment discounts, sales allowances and other incentives.

Note 5 - Fair Value Measureme_3

Note 5 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2024	Jun. 30, 2024
Unrealized Gain (Loss) on Investments	$ 0
Long-Term Debt, Fair Value	$ 0	$ 0

Note 5 - Fair Value Measureme_4

Note 5 - Fair Value Measurements - Fair Value Measurements (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Jun. 30, 2024
Total		$ 0	$ 0
US Treasury Bill Securities [Member]
Investments, fair value	[1]	0	0
US Treasury Notes Securities [Member]
Investments, fair value	[1]	0	0
Money Market Funds [Member]
Cash and cash equivalents, fair value	[2]	0	0
Fair Value, Inputs, Level 2 [Member]
Total		13,830	33,487
Fair Value, Inputs, Level 2 [Member] | US Treasury Bill Securities [Member]
Investments, fair value	[1]	0	0
Fair Value, Inputs, Level 2 [Member] | US Treasury Notes Securities [Member]
Investments, fair value	[1]	0	0
Fair Value, Inputs, Level 2 [Member] | Money Market Funds [Member]
Cash and cash equivalents, fair value	[2]	13,830	33,487
Fair Value, Inputs, Level 3 [Member]
Total		127,141	126,091
Fair Value, Inputs, Level 3 [Member] | US Treasury Bill Securities [Member]
Investments, fair value	[1]	82,049	91,319
Fair Value, Inputs, Level 3 [Member] | US Treasury Notes Securities [Member]
Investments, fair value	[1]	45,092	34,772
Fair Value, Inputs, Level 3 [Member] | Money Market Funds [Member]
Cash and cash equivalents, fair value	[2]	0	0
Fair Value, Inputs, Level 1 [Member]
Total		140,971	159,578
Fair Value, Inputs, Level 1 [Member] | US Treasury Bill Securities [Member]
Investments, fair value	[1]	82,049	91,319
Fair Value, Inputs, Level 1 [Member] | US Treasury Notes Securities [Member]
Investments, fair value	[1]	45,092	34,772
Fair Value, Inputs, Level 1 [Member] | Money Market Funds [Member]
Cash and cash equivalents, fair value	[2]	$ 13,830	$ 33,487
[1]We have current and non-current debt securities (U.S. Treasury bills and notes) intended to enhance returns on our cash as well as to fund future obligations.[2]Our corporate money market funds are readily convertible into cash and the net asset value of each fund on the last day of the quarter is used to determine its fair value.

Note 6 - Leases (Details Textua

Note 6 - Leases (Details Textual) $ in Millions	Dec. 31, 2024 USD ($)
Short-Term Lease Commitment, Amount	$ 0.1
Operating Lease, Lease Not yet Commenced [Member]
Unrecorded Unconditional Purchase Obligation	$ 2.2
Operating Lease Not yet Commenced B [Member]
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract (Year)	10 years
Operating Lease Not yet Commenced A [Member]
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract (Year)	10 years
Minimum [Member]
Lessee, Finance Lease, Term of Contract (Year)	2 years
Maximum [Member]
Lessee, Finance Lease, Term of Contract (Year)	5 years

Note 6 - Leases - Lease Costs (

Note 6 - Leases - Lease Costs (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2023
Operating leases (Year)		5 years 6 months		5 years 6 months		5 years 8 months 12 days
Financing leases (Year)		2 years 3 months 18 days		2 years 3 months 18 days		2 years 6 months
Operating leases		5.90%		5.90%		5.70%
Financing leases		5.60%		5.60%		4.40%
Total lease expense		$ 10,464	$ 10,100	$ 20,812	$ 20,349
Selling, General and Administrative Expenses [Member]
Operating lease cost(1)	[1]	8,170	7,893	16,288	15,818
Depreciation of property		88	124	173	248
Short-term lease cost(2)	[2]	64	2	164	59
Variable lease cost(3)	[3]	2,482	2,365	4,919	4,791
Less: Sublease income		(352)	(288)	(757)	(575)
Interest Income [Member]
Interest on lease liabilities		$ 12	$ 4	$ 25	$ 8
[1]Lease expense for operating leases consists of both fixed and variable components. Expenses related to fixed lease payments are recognized on a straight-line basis over the lease term.[2]Leases with an initial term of 12 months or less are not recorded on the balance sheet and instead expensed on a straight-line basis over the lease term.[3]Variable lease payments are generally expensed as incurred, where applicable, and include certain non-lease components, such as maintenance, utilities, real estate taxes, insurance and other services provided by the lessor, and other charges included in the lease. In addition, certain of our equipment lease agreements include variable lease payments, which are based on the usage of the underlying asset. The variable portion of payments are not included in the initial measurement of the asset or lease liability due to uncertainty of the payment amount and are recorded as expense in the period incurred.

Note 6 - Leases - Future Minimu

Note 6 - Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands		Dec. 31, 2024		Jun. 30, 2024
Operating leases, 2025		$ 17,305
Finance leases, 2025		199
Operating leases, 2026		32,189
Finance leases, 2026		398
Operating leases, 2027		25,776
Finance leases, 2027		326
Operating leases, 2028		22,545
Finance leases, 2028		0
Operating leases, 2029		18,029
Finance leases, 2029		0
Operating leases, Thereafter		31,104
Finance leases, Thereafter		0
Total undiscounted future minimum operating lease payments		146,948
Total undiscounted future minimum finance lease payments		923
Operating leases, less: imputed interest		(22,188)
Finance leases, less: imputed interest		(55)
Total present value of operating lease obligations(1)		124,760	[1]	$ 151,300
Total present value of finance lease obligations(1)	[1]	$ 868
[1]Excludes future commitments under short-term operating lease agreements of less than $0.1 million at December 31, 2024.

Note 6 - Leases - Supplemental

Note 6 - Leases - Supplemental Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Operating cash flows from operating leases	$ 17,257	$ 16,071
Operating cash flows from financing leases	172	263
Operating lease assets obtained in exchange for operating lease liabilities	10,111	10,092
Financing lease obligations obtained in exchange for new financing lease assets	$ 0	$ 0

Note 7 - Investments (Details T

Note 7 - Investments (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Short-Term Investments	$ 82,000
Long-Term Investments	45,092		$ 34,772
Proceeds from Sale, Maturity and Collection of Investments	36,322	$ 40,818
Payments to Acquire Investments	$ 35,230	$ 39,970

Note 7 - Investments - Schedule

Note 7 - Investments - Schedule of Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Investments, amortized cost, due within one year	$ 79,896	$ 89,997
Investments, unrealized gains, due within one year	2,153	1,322
Investments, unrealized losses, due within one year	0	0
Investments, fair value, due within one year	82,049	91,319
Investments, amortized cost, due within one and two years	45,152	34,894
Investments, unrealized gains, due within one and two years	40	0
Investments, unrealized losses, due within one and two years	(100)	(122)
Investments, fair value, due within one and two years	45,092	34,772
Investments, amortized cost	125,048	124,891
Investments, unrealized gains	2,193	1,322
Investments, unrealized losses	(100)	(122)
Investments, fair value	$ 127,141	$ 126,091

Note 8 - Inventories - Schedule

Note 8 - Inventories - Schedule of Inventory (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Finished goods	$ 107,570	$ 107,835
Work in process	12,435	11,752
Raw materials	23,744	24,249
Inventory reserves	(1,735)	(1,796)
Inventories, net	$ 142,014	$ 142,040

Note 9 - Property, Plant and _3

Note 9 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Depreciation	$ 4	$ 4	$ 7.9	$ 8

Note 9 - Property, Plant and _4

Note 9 - Property, Plant and Equipment - Property, Plant and Equipment Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Land and improvements	$ 77,795	$ 77,049
Building and improvements	366,147	365,380
Machinery and equipment	121,192	119,434
Property, plant and equipment, gross	565,134	561,863
Less: accumulated depreciation and amortization	(352,524)	(346,605)
Property, plant and equipment, net	$ 212,610	$ 215,258

Note 10 - Goodwill and Intang_2

Note 10 - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Goodwill	$ 25,388	$ 25,388
Other Indefinite-Lived Intangible Assets	$ 19,700	$ 19,700

Note 11 - Restructuring and O_3

Note 11 - Restructuring and Other Charges, Net of Gains (Details Textual) $ in Millions	6 Months Ended
	Dec. 31, 2024 USD ($)
Sale Lease Back Transaction Deferred Liabilities	$ 5.2
Payments for Restructuring	0.4
Restructuring Reserve	0.3
Hurricane [Member]
Unusual or Infrequent Item, or Both, Loss, Gross	$ 0.1

Note 11 - Restructuring and O_4

Note 11 - Restructuring and Other Charges, Net of Gains - Schedule of Restructuring Reserve (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Gain on sale-leaseback transaction	[1]	$ 0	$ (655)	$ (218)	$ (1,310)
Severance and other charges		6	(235)	238	1,257
Employee Severance and Other Charges (Income) [Member]
Severance and other charges		275	170	369	221
Hurricane [Member]
Hurricane Helene impact	[2]	(269)	0	66	0
Flood [Member]
Orleans, Vermont flood	[3]	$ 0	$ 250	$ 21	$ 2,346
[1]On August 1, 2022, we completed a sale-leaseback transaction with an independent third party for the land, building and related fixed assets of a retail design center which resulted in a deferred gain of $5.2 million to be amortized over the term of the operating lease agreement which expired on July 31, 2024.[2]In September 2024, an Ethan Allen distribution center located in Old Fort, North Carolina was impacted from significant flooding caused by Hurricane Helene. The distribution center, which primarily focuses on shipping custom-made home furnishings to select wholesale customers, suffered losses related to damaged inventory, impaired equipment, a temporary work stoppage and a disruption in shipments. Total losses incurred during the first six months of fiscal 2025 were $0.1 million, net of insurance recoveries.[3]In July 2023, our wood furniture manufacturing operations located in Orleans, Vermont sustained damage from flooding of the nearby Barton River. In addition to losses related to wood furniture inventory parts and state-of-the-art manufacturing equipment, the flooding also resulted in a temporary work stoppage for many Vermont employees and a disruption and delay of shipments. Total losses incurred during the first six months of fiscal 2024 were $2.3 million, net of insurance recoveries and grant proceeds.

Note 12 - Credit Agreement (Det

Note 12 - Credit Agreement (Details Textual) - The Facility [Member] $ in Thousands	Jan. 26, 2022 USD ($)	Dec. 21, 2018 USD ($)	Dec. 31, 2024 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2022 USD ($)
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 125,000
Line of Credit Facility, Additional Maximum Borrowing Capacity	$ 60,000
Debt Issuance Costs, Net					$ 500
Line of Credit Facility, Remaining Borrowing Capacity			$ 121,000	$ 121,000
Long-Term Line of Credit, Total			0	0
Debt Instrument, Covenant, Fixed Charge Coverage Ratio		1
Debt Covenant, Fixed Charge Coverage Ratio, Maximum Unused Availability		$ 14,000
Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.10%
Revolving Credit Facility [Member] | Additional Margin on Variable Rate Option(the Adjusted Term Sofr Rate) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Revolving Credit Facility [Member] | Additional Margin on Variable Rate Option (Adjusted Term Sofr Rate) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	2%
Revolving Credit Facility [Member] | Fed Funds Effective Rate Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Revolving Credit Facility [Member] | OneMonthAdjusted Term SOFR Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1%
Revolving Credit Facility [Member] | OneMonthAdditionalMarginOnVariableRateOptionMember | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	0.25%
Revolving Credit Facility [Member] | OneMonthAdditionalMarginOnVariableRateOptionMember | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	1%
Standby Letters of Credit [Member]
Letters of Credit Outstanding, Amount			$ 4,000	$ 4,000

Note 13 - Income Taxes (Details

Note 13 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Income Tax Expense (Benefit)	$ 5,119	$ 5,944	$ 10,103	$ 11,080
Effective Income Tax Rate Reconciliation, Percent	25.40%		25.40%	25.50%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21%
Unrecognized Tax Benefits	$ 4,300		$ 4,300		$ 3,900
Decrease in Unrecognized Tax Benefits is Reasonably Possible	900		900
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 700		$ 700

Note 14 - Earnings Per Share (D

Note 14 - Earnings Per Share (Details Textual) - shares	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	43,232	30,063
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	213,717	165,176

Note 14 - Earnings Per Share -

Note 14 - Earnings Per Share - Basic and Diluted Earnings Per Share Attributable to Common Shareholders (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended				6 Months Ended
		Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Net income available to common Shareholders		$ 15,004	$ 14,719	$ 17,411	$ 14,939	$ 29,723	$ 32,350
Basic weighted average shares common shares outstanding (in shares)		25,556		25,525		25,551	25,515
Dilutive effect of stock options and other share-based awards (1) (in shares)	[1]	69		105		71	109
Diluted weighted average shares common shares outstanding (in shares)		25,625		25,630		25,622	25,624
Net income per basic share (in dollars per share)		$ 0.59		$ 0.68		$ 1.16	$ 1.27
Net income per diluted share (in dollars per share)		$ 0.59		$ 0.68		$ 1.16	$ 1.26
[1]Dilutive potential common shares consist of stock options, restricted stock units and performance units.

Note 15 - Accumulated Other C_3

Note 15 - Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Accumulated other comprehensive loss	$ (6,503)				$ (6,503)		$ (4,189)
Balance	474,651	$ 482,916	$ 462,556	$ 471,006	482,916	$ 471,006
Other comprehensive income (loss)	(1,379)	(968)	1,739	(31)	(2,347)	1,708
Balance	478,719	474,651	472,890	462,556	478,719	472,890
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated other comprehensive loss	(8,066)				(8,066)		(5,085)
AOCI Attributable to Parent [Member]
Balance	(5,147)	(4,189)	(2,810)	(2,785)	(4,189)	(2,785)
Other comprehensive income (loss)	(1,356)	(958)	1,747	(25)
Balance	(6,503)	$ (5,147)	$ (1,063)	$ (2,810)	(6,503)	(1,063)
AOCI Including Portion Attributable to Noncontrolling Interest [Member]
Other comprehensive income (loss)					(2,347)	1,708
Less AOCI attributable to noncontrolling interests					33	$ 14
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
Accumulated other comprehensive loss	$ 1,563				$ 1,563		$ 896

Note 16 - Share-based Compens_2

Note 16 - Share-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Share-Based Payment Arrangement, Expense	$ 800	$ 700
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 2,600
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years
Share-Based Payment Arrangement, Amount Capitalized	$ 0	$ 0
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 200
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 25.73
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)	116,411
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)	$ 6.64
Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 900
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	1 year 10 months 24 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years	3 years
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)	$ 24.04	$ 28.58
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period	23,399	17,232
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period	20,282
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)	3,162
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number	46,263
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance (in dollars per share)	$ 24.02
Performance Shares [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 1,500
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years 1 month 6 days
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)	$ 23.06	$ 27.58
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period	92,669	73,095
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period	68,250
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)	5,237
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number	385,023
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance (in dollars per share)	$ 23.34
Share-based Compensation Arrangement by Share-based Payment Award, Target Performance Period (Year)	3 years
Share-Based Payment Arrangement, Employee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	0	0
Share-Based Payment Arrangement, Nonemployee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	16,650	14,330
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 30.03	$ 34.89
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)	10 years
Stock Option Plan 1992 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant	1,142,853

Note 17 - Segment Information_2

Note 17 - Segment Information (Details Textual)	6 Months Ended
	Dec. 31, 2024
Number of Reportable Segments	2
Number of Company Operated Design Centers	141

Note 17 - Segment Information -

Note 17 - Segment Information - Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Assets		$ 732,573		$ 732,573		$ 744,917
Net sales		157,260	$ 167,276	311,597	$ 331,168
Operating income		18,157	21,688	35,722	40,039
Interest and other income (expense), net		2,029	1,719	4,227	3,504
Interest and other financing costs		63	52	123	113
Consolidated total		20,123	23,355	39,826	43,430
Depreciation and amortization		3,982	4,060	7,854	8,007
Capital expenditures		3,782	1,544	7,371	5,241
Intersegment Eliminations [Member]
Operating income	[1]	1,866	3,903	89	2,721
Wholesale Segment [Member]
Assets		376,464		376,464		379,693
Depreciation and amortization		1,555	1,627	3,065	3,229
Capital expenditures		2,047	834	4,842	2,290
Wholesale Segment [Member] | Operating Segments [Member]
Net sales		86,811	90,627	172,867	190,057
Operating income		9,637	10,823	21,492	25,194
Wholesale Segment [Member] | Operating Segments [Member] | External Customers [Member]
Net sales		22,981	28,079	44,565	58,370
Wholesale Segment [Member] | Intersegment Eliminations [Member]
Net sales		(63,830)	(62,548)	(128,302)	(131,687)
Retail Segment [Member]
Assets		382,890		382,890		392,243
Depreciation and amortization		2,427	2,433	4,789	4,778
Capital expenditures		1,735	710	2,529	2,951
Retail Segment [Member] | Operating Segments [Member]
Net sales		134,279	139,197	267,032	272,798
Operating income		6,654	$ 6,962	14,141	$ 12,124
Inventory Profit Elimination [Member]
Assets	[2]	$ (26,781)		$ (26,781)		$ (27,019)
[1]Represents the change in wholesale profit contained in the retail segment inventory at the end of the period.[2]Represents the wholesale profit contained in the retail segment inventory that has not yet been realized. These profits are realized when the related inventory is sold.

Note 18 - Commitments and Con_2

Note 18 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2024		Dec. 31, 2023	Jun. 30, 2024
Contractual Obligation				$ 197,900
Operating Lease, Liability	$ 124,760	[1]		151,300
Purchase Obligation				$ 30,700
Operating Lease, Payments	17,257		$ 16,071
Increase (Decrease) in Operating Lease Right-of-Use Asset	10,100
Increase (Decrease) in Operating Lease Liabilities	$ (10,100)
[1]Excludes future commitments under short-term operating lease agreements of less than $0.1 million at December 31, 2024.