XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net (loss) income $ (23,207) $ 5,803
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Non-cash adjustments related to discontinued operations (586) 176
Depreciation and amortization 14,484 16,799
Deferred income taxes (5,227) (7,915)
Gain from sale of company headquarters, net (3,990) 0
Loss from sale of salon assets to franchisees, net 11,552 1,095
Salon asset impairments 2,643 2,303
Stock-based compensation 2,139 4,552
Amortization of debt discount and financing costs 138 138
Other non-cash items affecting earnings (243) (352)
Changes in operating assets and liabilities, excluding the effects of asset sales (1) [1] (17,032) (33,223)
Net cash used in operating activities (19,329) (10,624)
Cash flows from investing activities:    
Capital expenditures (17,576) (16,804)
Proceeds from sale of assets to franchisees 69,414 24,050
Costs associated with sale of salon assets to franchisees (1,550) 0
Proceeds from company-owned life insurance policies 0 24,617
Proceeds from sale of company headquarters 8,996 0
Net cash provided by investing activities 59,284 31,863
Cash flows from financing activities:    
Repayment of long-term debt (30,000) 0
Repurchase of common stock (28,246) (65,136)
Taxes paid for shares withheld (1,809) (2,305)
Net proceeds from sale and leaseback transaction   18,068
Sale and leaseback payments (480)  
Net cash used in financing activities (60,535) (49,373)
Effect of exchange rate changes on cash and cash equivalents 122 (174)
Decrease in cash, cash equivalents, and restricted cash (20,458) (28,308)
Cash, cash equivalents and restricted cash:    
Beginning of period 71,921  
End of period $ 71,921 $ 120,466
[1] Changes in operating assets and liabilities exclude assets and liabilities sold.