Note 11 - Restructuring and Other Charges, Net of Gains - Schedule of Restructuring Reserve (Details) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Mar. 31, 2025

Mar. 31, 2024

Mar. 31, 2025

Mar. 31, 2024

Gain on sale-leaseback transaction

^[1]

$ 0

$ (656)

$ (218)

$ (1,966)

Severance and other charges

106

(754)

344

503

Employee Severance and Other Charges (Income) [Member]

Severance and other charges

489

226

Flood [Member]

Orleans, Vermont flood

^[2]

$ 52

$ (103)

$ 73

$ 2,243

[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 July 2023, our wood furniture manufacturing operations located in Orleans, Vermont sustained damage from flooding of the nearby Barton River. Total losses incurred during the first nine months of fiscal 2024 were $2.2 million, net of insurance recoveries and grant proceeds. An additional loss of $0.1 million was recorded during the first nine months of fiscal 2025 due to repairs completed on equipment that was previously damaged during the flood.

- Definition

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References + Details

ETHAN ALLEN INTERIORS INC 10-Q