EXHIBIT 99.2

Ethan Allen Interiors Inc.
GAAP Reconciliation
Three Months Ended September 30, 2007 and 2006
(in thousands, except per share amounts)

	Three Months Ended September
	2007		2006
Net Income / Earnings Per Share
Net income	$	17,504	$	8,452
Add: restructuring and impairment charge, net of
related tax effect		--		8,709
Net income (excluding restructuring and impairment   charge)	$	17,504	$	17,161
Earnings per basic share	$	0.58	$	0.27
Earnings per basic share (excluding restructuring and   impairment charge)	$	0.58	$	0.54
Basic weighted average shares outstanding		30,084		31,815
Earnings per diluted share	$	0.57	$	0.26
Earnings per diluted share (excluding restructuring and   impairment charge)	$	0.57	$	0.53
Diluted weighted average shares outstanding		30,464		32,631
Consolidated Operating Income / Operating Margin
Operating income	$	27,797	$	14,230
Add: restructuring and impairment charge		--		13,936
Operating income (excluding restructuring and impairment   charge)	$	27,797	$	28,166
Net sales	$	248,727	$	242,823
Operating margin		11.2%		5.9%
Operating margin (excluding restructuring and impairment   charge)		11.2%		11.6%
Wholesale Operating Income / Operating Margin
Wholesale operating income	$	26,780	$	11,424
Add: restructuring and impairment charge		--		13,936
Wholesale operating income (excluding restructuring and   impairment charge)	$	26,780	$	25,360
Wholesale net sales	$	156,323	$	155,641
Wholesale operating margin		17.1%		7.3%
Wholesale operating margin (excluding restructuring and   impairment charge)		17.1%		16.3%
EBITDA
Net income	$	17,504	$	8,452
Add: interest expense (income), net		1,397		849
Add: income tax expense		10,280		5,072
Add: depreciation and amortization		5,937		5,604
EBITDA	$	35,118	$	19,977
Net sales	$	248,727	$	242,823
EBITDA as % of net sales		14.1%		8.2%
EBITDA	$	35,118	$	19,977
Add: restructuring and impairment charge		--		13,936
EBITDA (excluding restructuring and impairment charge)	$	35,118	$	33,913
Net sales	$	248,727	$	242,823
EBITDA as % of net sales (excluding restructuring and impairment charge)		14.1%		14.0%