SEGMENT INFORMATION:

6 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

SEGMENT INFORMATION

10. SEGMENT INFORMATION:

Segment information is prepared on the same basis the chief operating decision maker reviews financial information for operational decision-making purposes.

As of December 31, 2014, the Company’s reportable operating segments consisted of the following salons:

	Company-owned	Franchised	Total
North American Value	6,001	2,246	8,247
North American Premium	777	—	777
International	364	—	364
Total	7,142	2,246	9,388

The North American Value operating segment is comprised primarily of SmartStyle, Supercuts, MasterCuts, Cost Cutters, and other regional trade names. The North American Premium operating segment is comprised primarily of the Regis salon concept and the International operating segment includes Supercuts, Regis and Sassoon salon concepts.

The Company's operating segment results were as follows:

	For the Three Months   Ended December 31,						For the Six Months   Ended December 31,
	2014			2013			2014			2013
	(Dollars in thousands)
Revenues:
North American Value	$	345,733		$	351,987		$	700,109		$	707,328
North American Premium	78,751			84,794			157,786			168,984
International	31,403			31,586			62,543			60,638
Revenues	$	455,887		$	468,367		$	920,438		$	936,950
Operating income (loss):
North American Value	$	26,396		$	26,790		$	55,683		$	56,841
North American Premium (1)	(2,514		)	(38,909		)	(7,058		)	(40,152		)
International	396			495			1,026			238
Total segment operating income (loss)	24,278			(11,624		)	49,651			16,927
Unallocated Corporate	(26,493		)	(23,036		)	(52,473		)	(50,158		)
Operating loss	$	(2,215	)	$	(34,660	)	$	(2,822	)	$	(33,231	)

_____________________________

(1) The three and six months ended December 31, 2013, includes a non-cash goodwill impairment charge of $34.9 million.