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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:      
Net loss $ (11,316) $ (33,842) $ (138,521)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 56,992 68,259 81,406
Equity in loss of affiliated companies 14,783 13,629 11,623
Deferred income taxes 7,023 11,154 70,635
Gain from sale of salon assets, net (1,000) (1,210) 0
Loss on write down of inventories 0 0 854
Goodwill impairment 0 0 34,939
Salon asset impairments 10,478 14,604 18,327
Stock-based compensation 9,797 8,647 6,400
Amortization of debt discount and financing costs 1,514 1,722 8,152
Other non-cash items affecting earnings 310 257 224
Changes in operating assets and liabilities:      
Receivables [1] (577) 446 5,681
Inventories [1] (7,109) 6,197 2,275
Income tax receivable [1] 501 5,298 26,884
Other current assets [1] (460) 3,049 (5,979)
Other assets [1] (1,133) (4,480) (88)
Accounts payable [1] (4,624) (3,261) 1,907
Accrued expenses [1] (15,034) 8,249 3,955
Other noncurrent liabilities [1] (5,113) (4,756) (11,919)
Net cash provided by operating activities 55,032 93,962 116,755
Cash flows from investing activities:      
Capital expenditures (31,117) (38,257) (49,439)
Proceeds from sale of assets 1,740 2,986 14
Asset acquisitions, net of cash acquired 0 0 (15)
Proceeds from loans and investments 0 0 5,056
Change in restricted cash 9,042 (312) 0
Proceeds from company-owned life insurance policies 2,948 0 0
Net cash used in investing activities (17,387) (35,583) (44,384)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt, net of fees 0 0 118,058
Repayments of long-term debt and capital lease obligations (2) (173,751) (7,059)
Repurchase of common stock (101,035) (47,888) 0
Purchase of noncontrolling interest (760) 0 0
Dividends paid 0 0 (6,793)
Net cash (used in) provided by financing activities (101,797) (221,639) 104,206
Effect of exchange rate changes on cash and cash equivalents (781) (3,088) 914
(Decrease) increase in cash and cash equivalents (64,933) (166,348) 177,491
Cash and cash equivalents:      
Beginning of year 212,279 378,627 201,136
End of year $ 147,346 $ 212,279 $ 378,627
[1] Changes in operating assets and liabilities exclude assets and liabilities sold or acquired.