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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net loss $ (727) $ (25,322)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Non-cash impairment and other adjustments related to discontinued operations (427) 29,169
Depreciation and amortization 8,371 9,975
Depreciation related to discontinued operations 0 2,129
Deferred income taxes (875) 4,504
Gain on life insurance 0 (7,986)
Loss (gain) from sale of salon assets to franchisees, net [1] 3,960 (122)
Salon asset impairments 1,831 2,280
Stock-based compensation 2,335 2,030
Amortization of debt discount and financing costs 69 351
Other non-cash items affecting earnings (26) 75
Changes in operating assets and liabilities, excluding the effects of asset sales (32,053) (8,079)
Net cash (used in) provided by operating activities (17,542) 9,004
Cash flows from investing activities:    
Capital expenditures (11,258) (6,126)
Capital expenditures related to discontinued operations 0 (1,007)
Proceeds from sale of assets to franchisees [1] 12,422 1,472
Proceeds from company-owned life insurance policies 24,617 0
Net cash provided by (used in) investing activities 25,781 (5,661)
Cash flows from financing activities:    
Proceeds on issuance of common stock 378 0
Repurchase of common stock (19,337) 0
Taxes paid for shares withheld (1,918) (1,530)
Net cash used in financing activities (20,877) (1,530)
Effect of exchange rate changes on cash and cash equivalents 388 680
(Decrease) increase in cash, cash equivalents, and restricted stock (12,250) 2,493
Cash, cash equivalents and restricted cash:    
Beginning of period 136,524  
Beginning of period, total cash, cash equivalents and restricted cash 148,774 209,986
End of period $ 136,524 $ 212,479
[1] Excludes transaction with The Beautiful Group.