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Note 15 - Segment Information | 12 Months Ended
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Jun. 30, 2017
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | ( 15 ) Segment Information 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 June 30, 2017, the Company operated 148 design centers (our retail segment) and our independent retailers operated 155 design centers. Our wholesale segment net sales include sales to our retail segment, which are eliminated in consolidation, and sales to our independent retailers. Our retail segment net sales accounted for 79% of our consolidated net sales in fiscal 2017. Our wholesale segment net sales to independent retailers accounted for 21%, including approximately 11.9% of our consolidated net sales in fiscal 2017 to the ten largest independent retailers, who operate 101 design centers. Information for each of the last three fiscal years ended June 30 is provided below (in thousands):
|  | 2017 |  |  | 2016 |  |  | 2015 |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
Wholesale segment |  | $ | 453,326 |  |  | $ | 491,467 |  |  | $ | 469,384 |
Retail segment |  |  | 603,677 |  |  |  | 626,511 |  |  |  | 579,713 |
Elimination of inter-company sales |  |  | (293,618 | ) |  |  | (323,776 | ) |  |  | (294,497 | )
Consolidated Total |  | $ | 763,385 |  |  | $ | 794,202 |  |  | $ | 754,600 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |
Wholesale segment |  | $ | 53,505 |  |  | $ | 74,412 |  |  | $ | 66,988 |
Retail segment |  |  | 1,198 |  |  |  | 16,450 |  |  |  | 1,726 |
Adjustment of inter-company profit (1) |  |  | 3,247 |  |  |  | (1,683 | ) |  |  | (2,780 | )
Consolidated Total |  | $ | 57,950 |  |  | $ | 89,179 |  |  | $ | 65,934 |
Depreciation & Amortization: |  |  |  |  |  |  |  |  |  |  |  |
Wholesale segment |  | $ | 7,550 |  |  | $ | 7,587 |  |  | $ | 8,044 |
Retail segment |  |  | 12,565 |  |  |  | 11,766 |  |  |  | 11,098 |
Consolidated Total |  | $ | 20,115 |  |  | $ | 19,353 |  |  | $ | 19,142 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Wholesale segment |  | $ | 8,589 |  |  | $ | 12,446 |  |  | $ | 9,427 |
Retail segment |  |  | 9,056 |  |  |  | 10,521 |  |  |  | 10,360 |
Acquisitions |  |  | 676 |  |  |  | 165 |  |  |  | 1,991 |
Consolidated Total |  | $ | 18,321 |  |  | $ | 23,132 |  |  | $ | 21,778 |
|  | June 30, |  |  | June 30, |  |  | June 30, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
Total Assets: |  |  |  |  |  |  |  |  |  |  |  |
Wholesale segment |  | $ | 279,364 |  |  | $ | 271,116 |  |  | $ | 295,949 |
Retail segment |  |  | 319,341 |  |  |  | 339,942 |  |  |  | 341,886 |
Inventory profit elimination (2) |  |  | (30,483 | ) |  |  | (33,649 | ) |  |  | (31,858 | )
Consolidated Total |  | $ | 568,222 |  |  | $ | 577,409 |  |  | $ | 605,977 |
| ( 1 ) | Represents the change in wholesale profit contained in Ethan Allen design center inventory at the end of the period.
| ( 2 ) | 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.
Our international net sales are comprised of our wholesale segment sales to independent retailers and our retail segment sales to consumers through the Company operated design centers. The number of international design centers, and the related net sales as a percent of our consolidated net sales is shown in the following table.
|  | Fiscal Year Ended June 30, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
Independent design centers |  |  | 107 |  |  |  | 103 |  |  |  | 97 |
Company operated design centers |  |  | 6 |  |  |  | 6 |  |  |  | 7 |
Total international design centers |  |  | 113 |  |  |  | 109 |  |  |  | 104 |
Percentage of consolidated net sales |  |  | 10.0 | % |  |  | 9.2 | % |  |  | 11.6 | %

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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