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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net loss $ (808) $ (9,843)
Adjustments to reconcile net loss to net cash provided by:    
Depreciation and amortization 15,205 18,122
Equity in loss (income) of affiliated companies 858 (392)
Deferred income taxes 1,727 4,619
Gain on sale of salon assets (407) 0
Salon asset impairment 2,650 4,066
Stock-based compensation 2,508 1,781
Amortization of debt discount and financing costs 337 618
Other non-cash items affecting earnings 8 343
Changes in operating assets and liabilities, excluding the effects of asset sales (10,224) (3,281)
Net cash provided by operating activities 11,854 16,033
Cash flows from investing activities:    
Capital expenditures (8,611) (11,629)
Proceeds from sale of assets 684 4
Change in restricted cash (682) 0
Net cash used in investing activities (8,609) (11,625)
Cash flows from financing activities:    
Repayments of long-term debt and capital lease obligations (2) (173,740)
Repurchase of common stock [1] (38,418) (21,529)
Net cash used in financing activities (38,420) (195,269)
Effect of exchange rate changes on cash and cash equivalents (324) (1,509)
Decrease in cash and cash equivalents (35,499) (192,370)
Cash and cash equivalents:    
Beginning of period 212,279 378,627
End of period $ 176,780 $ 186,257
[1] During the three months ended September 30, 2015, the Company repurchased approximately 3.4 million shares of common stock for $43.7 million, of which $5.3 million had not been paid for as of September 30, 2015.