REVENUE RECOGNITION (Tables)

6 Months Ended

Dec. 31, 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 December 31, 2020				Three Months Ended December 31, 2019
	Franchise		Company-owned		Franchise		Company-owned

	(Dollars in thousands)

Revenue recognized at a point in time:
Service	$	—	$	28,987	$	—	$	101,805
Product	14,236		8,910		16,864		27,119
Total revenue recognized at a point in time	$	14,236	$	37,897	$	16,864	$	128,924

Revenue recognized over time:
Royalty and other franchise fees	$	15,187	$	—	$	18,644	$	—
Advertising fund fees	4,715		—		10,703		—
Franchise rental income	32,285		—		33,630		—
Total revenue recognized over time	52,187		—		62,977		—
Total revenue	$	66,423	$	37,897	$	79,841	$	128,924


	Six Months Ended December 31, 2020				Six Months Ended December 31, 2019
	Franchise		Company-owned		Franchise		Company-owned

	(Dollars in thousands)

Revenue recognized at a point in time:
Service	$	—	$	65,395	$	—	$	243,746
Product	27,978		19,917		29,969		59,670
Total revenue recognized at a point in time	$	27,978	$	85,312	$	29,969	$	303,416

Revenue recognized over time:
Royalty and other franchise fees	$	28,634	$	—	$	36,235	$	—
Advertising fund fees	9,224		—		21,129		—
Franchise rental income	64,568		—		65,054		—
Total revenue recognized over time	102,426		—		122,418		—
Total revenue	$	130,404	$	85,312	$	152,387	$	303,416

Schedule of receivables, broker fees and deferred revenue

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


	December 31, 2020		June 30, 2020		Balance Sheet Classification

	(Dollars in thousands)

Receivables from contracts with customers, net	$	27,457	$	22,991	Accounts receivable, net
Broker fees	20,345		20,516		Other assets

Deferred revenue:
Current
Gift card liability	$	2,536	$	2,543	Accrued expenses
Deferred franchise fees unopened salons	69		77		Accrued expenses
Deferred franchise fees open salons	5,854		5,537		Accrued expenses
Total current deferred revenue	$	8,459	$	8,157
Non-current
Deferred franchise fees unopened salons	$	10,306	$	11,855	Other non-current liabilities
Deferred franchise fees open salons	33,674		33,623		Other non-current liabilities
Total non-current deferred revenue	$	43,980	$	45,478

Accounts Receivable, Allowance for Credit Loss

The following table is a rollforward of the allowance for doubtful accounts for the period (in thousands):


Balance as of June 30, 2020	$	6,899
Provision for doubtful accounts (1)	1,627
Provision for franchisee rent (2)	853
Write-offs	(632)
Balance as of December 31, 2020	$	8,747

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(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 in the unaudited Condensed Consolidated Statement of Operations.

Broker fees

The following table is a rollforward of the broker fee balance for the periods indicated (in thousands):


Balance as of June 30, 2020	$	20,516
Additions	1,418
Amortization	(1,565)
Write-offs	(24)
Balance as of December 31, 2020	$	20,345

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 December 31, 2020 is as follows (in thousands):


Remainder of 2021	$	2,959
2022	5,799
2023	5,622
2024	5,387
2025	4,993
Thereafter	14,768
Total	$	39,528