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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:      
Net (loss) income $ (135,727) [1],[2],[3] $ 29,194 [1],[2],[3] $ (114,093)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 81,406 84,018 111,435
Equity in loss of affiliated companies 11,623 15,328 30,043
Dividends received from affiliated companies 0 1,095 4,047
Deferred income taxes 68,781 10,322 (14,171)
Accumulated other comprehensive reclassification adjustment 0 (33,842) 0
Gain from sale of discontinued operations 0 (17,827) 0
Loss on write down of inventories 854 12,557 0
Goodwill impairment 34,939 0 146,110
Salon asset impairments 18,327 8,224 6,636
Note receivable bad debt recovery 0 (333) (805)
Stock-based compensation 6,400 5,881 7,597
Amortization of debt discount and financing costs 8,152 7,346 6,696
Other noncash items affecting earnings 224 394 31
Changes in operating assets and liabilities:      
Receivables 5,681 [4] (4,332) [4] (4,502) [4]
Inventories 2,555 [4] (10,745) [4] 2,644 [4]
Income tax receivable 26,884 [4] (23,421) [4] 2,809 [4]
Other current assets (6,503) [4] (8,064) [4] (5,272) [4]
Other assets (103) [4] 239 [4] (841) [4]
Accounts payable 1,907 [4] 19,086 [4] (4,856) [4]
Accrued expenses 3,505 [4] (26,431) [4] (8,657) [4]
Other noncurrent liabilities (11,502) [4] 459 [4] (11,151) [4]
Net cash provided by operating activities 117,403 69,148 153,700
Cash flows from investing activities:      
Capital expenditures (49,439) (105,857) (85,769)
Proceeds from sale of assets 14 163,916 502
Salon acquisitions, net of cash acquired (15) 0 (2,587)
Proceeds from loans and investments 5,056 131,581 11,995
Disbursements for loans and investments 0 0 (15,000)
Change in restricted cash 0 (24,500) 0
Net cash (used in) provided by investing activities (44,384) 165,140 (90,859)
Cash flows from financing activities:      
Borrowings on revolving credit facilities 0 5,200 471,500
Payments on revolving credit facilities 0 (5,200) (471,500)
Proceeds from issuance of long-term debt, net of fees 118,058 0 0
Repayments of long-term debt and capital lease obligations (7,059) (118,223) (29,693)
Repurchase of common stock 0 (14,868) 0
Dividends paid (6,793) (13,708) (13,855)
Net cash provided by (used in) financing activities 104,206 (146,799) (43,548)
Effect of exchange rate changes on cash and cash equivalents 914 1,056 (3,613)
Increase in cash and cash equivalents 178,139 88,545 15,680
Cash and cash equivalents:      
Beginning of year 200,488 111,943 96,263
End of year $ 378,627 $ 200,488 $ 111,943
[1] During the fourth quarter of fiscal year 2014, the Company recorded a $12.6 million charge representing its share of goodwill impairment charges recorded by EEG. During the first quarter of fiscal year 2013, the Company recorded a $32.2 million net of tax foreign currency gain associated with the sale of Provalliance. During the second quarter of fiscal year 2013, the Company recorded a $17.9 million impairment charge net of tax related to the impairment of EEG. During the fourth quarter of fiscal year 2013, the Company incurred $6.7 million net of tax of expense for a make-whole payment associated with the prepayment of debt.
[2] During the second quarter of fiscal year 2014, the Company recorded a goodwill impairment charge of $34.9 million, an $84.4 million non-cash charge to establish a valuation allowance against the Company’s U.S. and U.K. deferred tax assets and non-cash salon asset impairment charge of $4.7 million. During the third quarter of fiscal 2014, the Company recorded non-cash salon impairment of $8.9 million. During the fourth quarter of fiscal year 2013, the Company recorded a $12.6 million ($7.7 million net of tax) inventory write-down associated with the Company's implementation of standardized plan-o-grams.
[3] During the fourth quarter of fiscal year 2013, the Company recorded a $15.4 million gain, net of professional and transaction fees and taxes, associated with the disposition of Hair Club.
[4] Changes in operating assets and liabilities exclude assets acquired and liabilities assumed through acquisitions.