GOODWILL AND OTHER INTANGIBLES:

9 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES:

The table below contains details related to the Company's goodwill:

	Franchise		Company-owned		Consolidated
	(Dollars in thousands)
Goodwill, net at June 30, 2019	$	227,928	$	117,790	$	345,718
Translation rate adjustments	(1,262)		(660)		(1,922)
Derecognition related to sale of salon assets to franchisees (1)	—		(72,601)		(72,601)
Goodwill impairment	—		(44,529)		(44,529)
Goodwill, net at March 31, 2020	$	226,666	$	—	$	226,666

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(1)Prior to the impairment charge, goodwill was derecognized for salons sold to franchisees with positive cash flows. The amount of goodwill derecognized was determined by a fraction (the numerator of which is the trailing-twelve months EBITDA of the salon being sold and the denominator of which is the estimated annualized EBITDA of the Company-owned reporting unit) that is applied to the goodwill balance of the Company-owned reporting unit at the time of the sale.

The table below presents other intangible assets:

	March 31, 2020						June 30, 2019
	Cost (1)		Accumulated Amortization (1)		Net		Cost (1)		Accumulated Amortization (1)		Net
	(Dollars in thousands)
Amortized intangible assets:
Brand assets and trade names	$	6,541	$	(3,632)	$	2,909	$	6,909	$	(3,659)	$	3,250
Franchise agreements	9,356		(7,944)		1,412		9,783		(8,057)		1,726
Lease intangibles	13,426		(10,516)		2,910		13,490		(10,065)		3,425
Other	865		(528)		337		883		(523)		360
Total	$	30,188	$	(22,620)	$	7,568	$	31,065	$	(22,304)	$	8,761

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(1)The change in the gross carrying value and accumulated amortization of other intangible assets is impacted by foreign currency.