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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:      
Net loss $ (16,140) $ (11,316) $ (33,842)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 54,961 56,992 68,259
Equity in loss of affiliated companies 81 14,783 13,629
Deferred income taxes 7,962 7,023 11,154
Gain from sale of salon assets, net (492) (1,000) (1,210)
Loss on write down of inventories 5,905 0 0
Salon asset impairments 11,366 10,478 14,604
Stock-based compensation 13,142 9,797 8,647
Amortization of debt discount and financing costs 1,403 1,514 1,722
Other non-cash items affecting earnings 935 310 257
Changes in operating assets and liabilities:      
Receivables [1] 724 (577) 446
Inventories [1] 4,010 (7,109) 6,197
Income tax receivable [1] (535) 501 5,298
Other current assets [1] 820 (460) 3,049
Other assets [1] (2,586) (1,133) (4,480)
Accounts payable [1] (684) (4,624) (3,261)
Accrued expenses [1] (13,667) (14,280) 9,031
Other noncurrent liabilities [1] (7,150) (5,113) (4,756)
Net cash provided by operating activities 60,055 55,786 94,744
Cash flows from investing activities:      
Capital expenditures (33,843) (31,117) (38,257)
Proceeds from sale of salon assets 2,253 1,740 2,986
Change in restricted cash 1,123 9,042 (312)
Proceeds from company-owned life insurance policies 876 2,948 0
Proceeds from sale of investment 500 0 0
Net cash used in investing activities (29,091) (17,387) (35,583)
Cash flows from financing activities:      
Repayments of long-term debt and capital lease obligations 0 (2) (173,751)
Repurchase of common stock 0 (101,035) (47,888)
Purchase of noncontrolling interest 0 (760) 0
Settlement of equity awards (3,698) (754) (782)
Settlement of equity awards (3,151) 0 0
Net cash used in financing activities (6,849) (102,551) (222,421)
Effect of exchange rate changes on cash and cash equivalents 935 (781) (3,088)
Increase (decrease) in cash and cash equivalents 25,050 (64,933) (166,348)
Cash and cash equivalents:      
Beginning of year 147,346 212,279 378,627
End of year $ 172,396 $ 147,346 $ 212,279
[1] Changes in operating assets and liabilities exclude assets and liabilities sold or acquired.