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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
 12 Months Ended
Jun. 30, 2020
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly financial data
Summarized quarterly data for fiscal years 2020 and 2019 follows:
 Quarter Ended 
 September 30December 31March 31 (1) June 30 (2)Year Ended
 (Dollars in thousands, except per share amounts)
2020     
Revenues$247,038 $208,765 $153,783 $60,143 $669,729 
Cost of service and product revenues, excluding depreciation and amortization116,809 94,616 76,496 19,056 306,977 
Operating loss(9,906)(7,466)(59,399)(68,567)(145,338)
Loss from continuing operations(14,178)(16,520)(67,842)(73,654)(172,194)
Income from discontinued operations373 79 301 79 832 
Net loss(13,805)(16,441)(67,541)(73,575)(171,362)
Loss from continuing operations per share, basic (4)(0.39)(0.46)(1.89)(2.05)(4.79)
Income from discontinued operations per share, basic (4)0.01 — 0.01 — 0.02 
Net loss per share, basic (4)(0.38)(0.46)(1.88)(2.05)(4.77)
Loss from continuing operations per share, diluted (4)(0.39)(0.46)(1.89)(2.05)(4.79)
Income from discontinued operations per share, diluted (4)0.01 — 0.01 — 0.02 
Net loss per share, diluted (4)(0.38)(0.46)(1.88)(2.05)(4.77)
 Quarter Ended 
 September 30 December 31 March 31 (3)June 30Year Ended
 (Dollars in thousands, except per share amounts)
2019     
Revenues$287,835 $274,671 $258,343 $248,190 $1,069,039 
Cost of service and product revenues, excluding depreciation and amortization153,678 151,281 142,799 133,885 581,643 
Operating income (loss)3,429 (1,551)(22,162)(1,835)(22,119)
(Loss) income from continuing operations(463)417 (14,811)(5,265)(20,122)
(Loss) income from discontinued operations(264)6,113 178 (131)5,896 
Net (loss) income(727)6,530 (14,633)(5,396)(14,226)
(Loss) income from continuing operations per share, basic (4)(0.01)0.01 (0.37)(0.14)(0.48)
(Loss) income from discontinued operations per share, basic (4)(0.01)0.14 — — 0.14 
Net (loss) income per share, basic (4)(0.02)0.15 (0.36)(0.14)(0.34)
(Loss) income from continuing operations per share, diluted (4)(0.01)0.01 (0.37)(0.14)(0.48)
(Loss) income from discontinued operations per share, diluted (4)(0.01)0.14 — — 0.14 
Net (loss) income per share, diluted (4)(0.02)0.15 (0.36)(0.14)(0.34)
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(1)During the third quarter of fiscal year 2020, the Company recorded a $40.2 million goodwill impairment charge related to the Company-owned reporting unit (see revision explanation below).
(2)During the fourth quarter of fiscal year 2020, government-mandated salon closures in response to the COVID-19 pandemic significantly reduced operating income. Additionally, the economic disruption caused by COVID-19 triggered a $22.6 million long-lived asset impairment charge.
(3)During the third quarter of fiscal year 2019, the Company recorded a $20.7 million restructuring charge related to TBG mall locations. The reserve was a non-cash charge to reserve for notes and receivables due from TBG.
(4)Total is an annual recalculation; line items calculated quarterly may not sum to total. Line items may not sum due to rounding.
Schedule of error corrections and prior period adjustments
Three months ended December 31, 2019
As Previously ReportedAdjustments (1) As Revised
(Dollars in thousands, except per share amounts)
Loss from sale of salon assets to franchisees, net (a)$(5,692)$(6,715)$(12,407)
Interest income and other, net (b)4,346 (1,477)2,869 
Loss from continuing operations before income taxes(10,276)(8,192)(18,468)
Income tax benefit795 1,153 1,948 
Net loss (9,402)(7,039)(16,441)
Net loss per share(0.26)(0.20)(0.46)
Comprehensive loss(8,861)(7,039)(15,900)
Goodwill as of December 31, 2019293,019 (6,715)286,304 
Other assets as of December 31, 201938,144 1,477 36,667 
Other non-current liabilities as of December 31, 201995,979 (1,153)94,826 
Three months ended March 31, 2020
As Previously ReportedAdjustments (2) As Revised
(Dollars in thousands, except per share amounts)
Rent expense (d)$19,243 $(578)$18,665 
Goodwill impairment (c)44,529 (4,365)40,164 
Operating loss(64,342)4,943 (59,399)
Loss from sale of salon assets to franchisees, net(10,208)2,350 (7,858)
Interest income and other, net(1,329)1,477 148 
Loss from continuing operations before income taxes(77,591)8,770 (68,821)
Income tax benefit2,253 (1,274)979 
Net loss(75,037)7,496 (67,541)
Net loss per share(2.10)0.22 (1.88)
Comprehensive loss(77,519)7,496 (70,023)
Short term lease liability as of March 31, 2020149,482 (578)148,904 
Other non-current liabilities as of March 31, 202092,698 121 92,819 

Six months ended December 31, 2019
As Previously ReportedAdjustments (1)As Revised
(Dollars in thousands, except per share amounts)
Loss from sale of salon assets to franchisees, net$(11,552)$(6,715)$(18,267)
Interest income and other, net4,517 (1,477)3,040 
Loss from continuing operations before income taxes(27,310)(8,192)(35,502)
Income tax benefit3,651 1,153 4,804 
Net loss (23,207)(7,039)(30,246)
Net loss per share(0.64)(0.20)(0.84)
Comprehensive loss(23,069)(7,039)(30,108)

Nine months ended March 31, 2020
As Previously ReportedAdjustments (2)As Revised
(Dollars in thousands, except per share amounts)
Rent expense$64,002 $(578)$63,424 
Goodwill impairment44,529 (4,365)40,164 
Operating loss(81,714)4,943 (76,771)
Loss from sale of salon assets to franchisees, net(21,760)(4,365)(26,125)
Interest income and other, net3,188 — 3,188 
Loss from continuing operations before income taxes(104,901)578 (104,323)
Income tax benefit5,904 (121)5,783 
Net loss(98,244)457 (97,787)
Net loss per share(2.73)0.01 (2.72)
Comprehensive loss(100,588)457 (100,131)
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(1) The Company revised the amounts originally reported for the second quarter of fiscal year 2020 for the following items:

(a) Recorded an additional $6.7 million loss from the sale of salons to franchisees, net that should have been recorded in the second quarter. The error in the Company's goodwill derecognition estimation calculation was identified in the fourth quarter. The goodwill derecognition was understated which understated the loss of the sale of salons to franchisees, net. The error impacted the three and six months ended December 31, 2019.

(b) Recorded a reduction to the gain on the sale of a building, included in interest income and other, net related to the sale of the Company's headquarters which occurred in the second quarter. Previously, the Company identified this error during the third quarter and recorded and disclosed the correction in the third quarter as an out-of-period adjustment. The correction applies to the three and six months ended December 31, 2019.

(2) The Company revised the amounts originally reported for the third quarter of fiscal year 2020 for the following items:

(c) During the third quarter goodwill derecognition was overstated by $2.4 million. As of March 31, 2020 the Company impaired its remaining Company-owned goodwill, with the amount of goodwill impairment being overstated by $4.4 million. As the second quarter error which understated goodwill derecognition was not identified until the fourth quarter, goodwill impairment and loss from the sale of salons to franchisees, net were misstated in the third quarter. The Company recorded a $4.4 million decrease to goodwill impairment and a $2.4 million decrease to loss from the sale of salon assets to franchisees, net to correct the error. Net loss for the nine months ended March 31, 2020 was not misstated. However, goodwill impairment and the loss from the sales of salons to franchisees, net were misstated in the nine months ended March 31, 2020 with goodwill impairment overstated by $4.4 million and loss from the sale of salons to franchisees, net understated by $4.4 million.

(d) Adjusted third quarter rent expense to include a $0.6 million benefit to rent expense that related to leases signed in the third quarter, but not identified until the fourth quarter. The net loss for the three and nine months were both impacted by the misstatement.