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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:      
Net (loss) income $ (33,842) $ (138,521) $ 30,506
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 68,259 81,406 84,018
Equity in loss of affiliated companies 13,629 11,623 15,328
Dividends received from affiliated companies 0 0 1,095
Deferred income taxes 11,154 70,635 10,901
Gain from sale of salon assets (1,210) 0 0
Accumulated other comprehensive income reclassification adjustments 0 0 (33,842)
Gain from sale of discontinued operations 0 0 (17,827)
Loss on write down of inventories 0 854 12,557
Goodwill impairment 0 34,939 0
Salon asset impairments 14,604 18,327 8,224
Stock-based compensation 8,647 6,400 5,881
Amortization of debt discount and financing costs 1,722 8,152 7,346
Other non-cash items affecting earnings 257 224 61
Changes in operating assets and liabilities:      
Receivables [1] 446 5,681 (4,332)
Inventories [1] 6,197 2,275 (10,465)
Income tax receivable [1] 5,298 26,884 (23,421)
Other current assets [1] 3,049 (5,979) (7,724)
Other assets [1] (4,480) (88) 239
Accounts payable [1] (3,261) 1,907 18,436
Accrued expenses [1] 8,249 3,955 (27,162)
Other noncurrent liabilities [1] (4,756) (11,919) (23)
Net cash provided by operating activities 93,962 116,755 69,796
Cash flows from investing activities:      
Capital expenditures (38,257) (49,439) (105,857)
Proceeds from sale of assets 2,986 14 163,916
Asset acquisitions, net of cash acquired 0 (15) 0
Proceeds from loans and investments 0 5,056 131,581
Change in restricted cash (312) 0 (24,500)
Net cash (used in) provided by investing activities (35,583) (44,384) 165,140
Cash flows from financing activities:      
Borrowings on revolving credit facilities 0 0 5,200
Payments on revolving credit facilities 0 0 (5,200)
Proceeds from issuance of long-term debt, net of fees 0 118,058 0
Repayments of long-term debt and capital lease obligations (173,751) (7,059) (118,223)
Repurchase of common stock (47,888) 0 (14,868)
Dividends paid 0 (6,793) (13,708)
Net cash (used in) provided by financing activities (221,639) 104,206 (146,799)
Effect of exchange rate changes on cash and cash equivalents (3,088) 914 1,056
(Decrease) increase in cash and cash equivalents (166,348) 177,491 89,193
Cash and cash equivalents:      
Beginning of year 378,627 201,136 111,943
End of year $ 212,279 $ 378,627 $ 201,136
[1] Changes in operating assets and liabilities exclude assets and liabilities sold.