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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)
$ in Thousands
9 Months Ended
Mar. 31, 2018
USD ($)
Mar. 31, 2017
USD ($)
Cash flows from operating activities:    
Net (loss) income $ 3,939 $ (17,393)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Non-cash impairment related to discontinued operations 37,020 0
Depreciation and amortization 29,736 30,709
Depreciation related to discontinued operations 3,723 10,642
Equity in loss of affiliated companies 0 50
Deferred income taxes (81,006) 6,419
Gain on life insurance (7,986) 0
Gain from sale of salon assets to franchisees, net (255) [1] (53) [1]
Salon asset impairments 11,099 7,622
Accumulated other comprehensive income reclassification adjustments (Note 1) 6,152 0
Stock-based compensation 6,483 9,498
Amortization of debt discount and financing costs 4,011 1,054
Other non-cash items affecting earnings (286) 150
Changes in operating assets and liabilities, excluding the effects of asset sales (35,268) (1,884)
Net cash (used in) provided by operating activities (22,638) 46,814
Cash flows from investing activities:    
Capital expenditures (20,065) (20,296)
Capital expenditures related to discontinued operations (1,171) (5,124)
Proceeds from sale of assets to franchisees 5,620 [1] 594 [1]
Change in restricted cash (327) 999
Proceeds from company-owned life insurance policies 18,108 876
Net cash provided by (used in) investing activities 2,165 (22,951)
Cash flows from financing activities:    
Borrowings on revolving credit facility 90,000 0
Repayments of long-term debt (124,230) 0
Repurchase of common stock (9,634) 0
Taxes paid for shares withheld (2,279) (1,228)
Cash settlement of equity awards (550) (440)
Net cash used in financing activities (46,693) (1,668)
Effect of exchange rate changes on cash and cash equivalents (30) (852)
(Decrease) increase in cash and cash equivalents (67,196) 21,343
Cash and cash equivalents:    
Beginning of period 105,200  
Beginning of period, total cash and cash equivalents 172,396 147,346
End of period $ 105,200 $ 168,689
[1] Excludes transaction with The Beautiful Group.