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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Revenues:        
Franchise rental income $ 31,317 $ 31,821 $ 95,885 $ 96,875
Total revenues 100,267 153,783 315,983 609,586
Operating expenses:        
Site operating expenses 13,366 3,660 36,955 62,932
General and administrative 24,582 31,871 77,419 105,187
Rent 31,300 31,800 95,900 96,900
Depreciation and amortization 3,620 10,359 17,384 27,486
Long-lived asset impairment 833 0 9,817 0
TBG mall location restructuring (Note 3) 0 146 0 2,368
Goodwill impairment 0 40,164 0 40,164
Total operating expenses 118,808 213,182 392,869 686,357
Operating loss (18,541) (59,399) (76,886) (76,771)
Other (expense) income:        
Interest expense (3,163) (1,712) (10,626) (4,615)
Loss from sale of salon assets to franchisees, net (4,575) (7,858) (8,463) (26,125)
Interest income and other, net 15,099 148 15,616 3,188
Loss from continuing operations before income taxes (11,180) (68,821) (80,359) (104,323)
Income tax benefit 333 979 1,368 5,783
Loss from continuing operations (10,847) (67,842) (78,991) (98,540)
Income from discontinued operations, net of taxes (Note 3) 0 301 0 753
Net loss $ (10,847) $ (67,541) $ (78,991) $ (97,787)
Basic and diluted:        
Loss from continuing operations (in dollars per share) $ (0.30) $ (1.89) $ (2.20) $ (2.74)
Income from discontinued operations (in dollars per share) 0.00 0.01 0.00 0.02
Net loss per share, basic and diluted (in dollars per share) [1] $ (0.30) $ (1.88) $ (2.20) $ (2.72)
Weighted average common and common equivalent shares outstanding:        
Basic and diluted (in shares) 36,011 35,815 35,929 35,958
Non-Franchise Lease        
Operating expenses:        
Rent $ 8,001 $ 18,665 $ 34,128 $ 63,424
Franchisor        
Operating expenses:        
Rent 31,317 31,821 95,885 96,875
Service        
Revenues:        
Revenues 24,645 78,387 90,040 322,133
Operating expenses:        
Cost of services and products 15,821 54,824 66,441 212,664
Product        
Revenues:        
Revenues 20,770 34,877 68,665 124,516
Operating expenses:        
Cost of services and products 21,268 21,672 54,840 75,257
Royalties and fees        
Revenues:        
Revenues $ 23,535 $ 8,698 $ 61,393 $ 66,062
[1] Total is a recalculation; line items calculated individually may not sum to total due to rounding.