XML 16 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)
$ in Thousands
6 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Cash flows from operating activities:    
Net income $ 9,745 $ 1,062
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Non-cash impairment related to discontinued operations 25,095 0
Depreciation and amortization 20,492 20,369
Depreciation related to discontinued operations 3,038 7,220
Deferred income taxes (77,055) 3,297
Gain on life insurance (7,986) 0
Gain from sale of salon assets to franchisees, net (18) [1] (121) [1]
Salon asset impairments 16,714 4,386
Accumulated other comprehensive income reclassification adjustments (Note 1) 6,152 0
Stock-based compensation 4,618 4,400
Amortization of debt discount and financing costs 703 703
Other non-cash items affecting earnings (104) 64
Changes in operating assets and liabilities, excluding the effects of asset sales (13,647) (13,775)
Net cash (used in) provided by operating activities (12,253) 27,605
Cash flows from investing activities:    
Capital expenditures (13,773) (15,510)
Capital expenditures related to discontinued operations (1,171) (2,893)
Proceeds from sale of assets to franchisees 2,696 [1] 335 [1]
Change in restricted cash (542) 738
Proceeds from company-owned life insurance policies 18,108 0
Net cash provided by (used in) investing activities 5,318 (17,330)
Cash flows from financing activities:    
Taxes paid for shares withheld (2,039) (1,113)
Cash settlement of equity awards (375) 0
Net cash used in financing activities (2,414) (1,113)
Effect of exchange rate changes on cash and cash equivalents 253 (866)
(Decrease) increase in cash and cash equivalents (9,096) 8,296
Cash and cash equivalents:    
Beginning of period 163,300  
Beginning of period, total cash and cash equivalents 172,396 147,346
End of period $ 163,300 $ 155,642
[1] Excludes transaction with The Beautiful Group.