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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss $ (68,144) $ (30,246)
Adjustments to reconcile net loss to cash used in operating activities:    
Non-cash adjustments related to discontinued operations 0 (586)
Depreciation and amortization 11,123 14,484
Salon asset impairment 0 2,643
Long-lived asset impairment 8,984 0
Deferred income taxes (669) (6,380)
Gain from sale of company headquarters, net 0 (2,513)
Loss from sale of salon assets to franchisees, net 3,888 18,267
Stock-based compensation 89 2,139
Amortization of debt discount and financing costs 875 138
Other non-cash items affecting earnings 202 (243)
Changes in operating assets and liabilities, excluding the effects of asset sales [1] (21,812) (17,032)
Net cash used in operating activities (65,464) (19,329)
Cash flows from investing activities:    
Capital expenditures (7,502) (17,576)
Proceeds from sale of assets to franchisees 7,148 69,414
Costs associated with sale of salon assets to franchisees (222) (1,550)
Proceeds from company-owned life insurance policies 1,200 0
Proceeds from sale of company headquarters 0 8,996
Net cash provided by investing activities 624 59,284
Cash flows from financing activities:    
Repayments of revolving credit facility 0 (30,000)
Repurchase of common stock 0 (28,246)
Taxes paid for shares withheld (212) (1,809)
Minority interest buyout (562) 0
Distribution center lease payments (478) (480)
Net cash used in financing activities (1,252) (60,535)
Effect of exchange rate changes on cash and cash equivalents (68) 122
Decrease in cash, cash equivalents, and restricted cash (66,160) (20,458)
Cash, cash equivalents and restricted cash:    
Beginning of period 122,880 92,379
End of period $ 56,720 $ 71,921
[1] Changes in operating assets and liabilities exclude assets and liabilities sold.