REVENUE RECOGNITION (Tables)

3 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

The following table disaggregates revenue by timing of revenue recognition and is reconciled to reportable segment revenues as follows:


	Three Months Ended September 30, 2020				Three Months Ended September 30, 2019
	Franchise		Company-owned		Franchise		Company-owned

	(Dollars in thousands)
Revenue recognized at a point in time:
Service	$	—	$	36,408	$	—	$	141,941
Product	13,742		11,007		13,105		32,551
Total revenue recognized at a point in time	$	13,742	$	47,415	$	13,105	$	174,492

Revenue recognized over time:
Royalty and other franchise fees	$	13,447	$	—	$	17,592	$	—
Advertising fund fees	4,509		—		10,425		—
Franchise rental income	32,283		—		31,424		—
Total revenue recognized over time	50,239		—		59,441		—
Total revenue	$	63,981	$	47,415	$	72,546	$	174,492

Schedule of receivables, broker fees and deferred revenue

Information about receivables, broker fees and deferred revenue subject to the revenue recognition guidance is as follows:


	September 30, 2020		June 30, 2020		Balance Sheet Classification

	(Dollars in thousands)
Receivables from contracts with customers, net	$	28,306	$	22,991	Accounts receivable, net
Broker fees	$	20,442	$	20,516	Other assets

Deferred revenue:
Current
Gift card liability	$	2,530	$	2,543	Accrued expenses
Deferred franchise fees unopened salons	37		77		Accrued expenses
Deferred franchise fees open salons	5,679		5,537		Accrued expenses
Total current deferred revenue	$	8,246	$	8,157
Non-current
Deferred franchise fees unopened salons	$	11,398	$	11,855	Other non-current liabilities
Deferred franchise fees open salons	33,550		33,623		Other non-current liabilities
Total non-current deferred revenue	$	44,948	$	45,478

Allowance for doubtful accounts

The following table is a rollforward of the allowance for doubtful accounts for the period:


Balance as of June 30, 2020	$	6,899
Provision for doubtful accounts (1)	2,289
Provision for franchisee rent (2)	512
Write-offs	(297)
Balance as of September 30, 2020	$	9,403

_______________________________________________________________________________

(1)The provision for doubtful accounts is recognized as General and administrative expense in the unaudited Condensed Consolidated Statement of Operations.

(2)The provision for franchisee rent is recognized as Rent expense in the unaudited Condensed Consolidated Statement of Operations.

Broker fees

The following table is a rollforward of the broker fee balance for the period:


Balance as of June 30, 2020	$	20,516
Additions	703
Amortization	(777)
Write-offs	—
Balance as of September 30, 2020	$	20,442

Estimated revenue expected to be recognized

Estimated revenue expected to be recognized in the future related to deferred franchise fees for open salons as of September 30, 2020 is as follows (in thousands):


Remainder of 2021	$	4,391
2022	5,734
2023	5,558
2024	5,099
2025	4,737
Thereafter	13,710
Total	$	39,229