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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (78,991) $ (97,787)
Adjustments to reconcile net loss to cash used in operating activities:    
Non-cash adjustments related to discontinued operations 0 (967)
Depreciation and amortization 13,968 23,635
Salon asset impairment 0 3,851
Long-lived asset impairment 9,817 0
Deferred income taxes (806) (6,469)
Inventory reserve 6,875 0
Gain from disposal of distribution center assets (14,878) 0
Gain from sale of company headquarters, net 0 (2,513)
Loss from sale of salon assets to franchisees, net 8,463 26,125
Goodwill impairment 0 40,164
Stock-based compensation 1,792 2,114
Amortization of debt discount and financing costs 1,313 206
Other non-cash items affecting earnings 183 (442)
Changes in operating assets and liabilities, excluding the effects of asset sales [1] (27,743) (38,938)
Net cash used in operating activities (80,007) (51,021)
Cash flows from investing activities:    
Capital expenditures (9,609) (32,331)
Proceeds from sale of assets to franchisees 7,743 87,916
Costs associated with sale of salon assets to franchisees (242) (1,887)
Proceeds from company-owned life insurance policies 1,200 0
Proceeds from sale of company headquarters 0 8,996
Net cash (used in) provided by investing activities (908) 62,694
Cash flows from financing activities:    
Borrowings on revolving credit facility 0 213,000
Repayments of revolving credit facility 0 (30,000)
Repurchase of common stock 0 (28,246)
Taxes paid for shares withheld (316) (1,968)
Minority interest buyout (562) 0
Distribution center lease payments (724) (677)
Net cash (used in) provided by financing activities (1,602) 152,109
Effect of exchange rate changes on cash and cash equivalents 6 (379)
(Decrease) increase in cash, cash equivalents, and restricted cash (82,511) 163,403
Cash, cash equivalents and restricted cash:    
Beginning of period 122,880 92,379
End of period $ 40,369 $ 255,782
[1] Changes in operating assets and liabilities exclude assets and liabilities sold.