Item 7.01 Regulation FD Disclosure
On October 12, 2020, Ethan Allen Interiors Inc. ("Ethan Allen" or the "Company")
issued a press release providing several business updates as well as announcing
the release date for its fiscal 2021 first quarter results. A copy of the press
release issued by the Company is furnished as Exhibit 99.1 hereto and
incorporated by reference herein. The information furnished pursuant to this
Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (such act being
the "Exchange Act"), or otherwise subject to the liabilities of that section,
and shall not be deemed to be incorporated by reference into any filing under
the Securities Act of 1933, as amended, or the Exchange Act, except as shall be
expressly set forth by specific reference in such a filing.
Exhibit 99.1 includes non-GAAP diluted earnings per share for the period
presented. This non-GAAP measure is not in accordance with, or an alternative
for, the measure prepared in accordance with generally accepted accounting
principles, and may be different from non-GAAP measures used by other companies.
Ethan Allen believes that non-GAAP measures have limitations in that they do not
reflect all of the amounts associated with the Company's results of operations
as determined in accordance with GAAP and that these measures should only be
used to evaluate Ethan Allen's results of operations in conjunction with the
corresponding GAAP measures.
Ethan Allen believes that the presentation of non-GAAP diluted earnings per
share when shown in conjunction with the corresponding GAAP diluted earnings per
share measure, provides useful information to investors and management regarding
financial and business trends relating to its financial condition and its
historical and projected results of operations. For its internal budgeting
process, Ethan Allen's management uses financial statements that do not include,
when applicable, significant asset impairments and restructurings, retail
acquisition costs, significant litigation settlements and other contingencies,
and the income tax effects of the foregoing. The Company's management also uses
the foregoing non-GAAP measures, in addition to the corresponding GAAP measures,
in reviewing the financial results of Ethan Allen. From time to time in the
future, there may be other items that Ethan Allen may exclude for purposes of
its internal budgeting process and in reviewing its financial results.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
99.1 Press release dated October 12, 2020, furnished herewith
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