REVENUE RECOGNITION (Tables)

3 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

Schedule of receivables, broker fees and deferred revenue

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

	September 30, 2021		June 30, 2021		Balance Sheet Classification
	(Dollars in thousands)
Receivables from contracts with customers, net	$	14,612	$	19,112	Receivables, net
Broker fees	18,272		19,254		Other assets
Deferred revenue:
Current
Gift card liability	$	2,150	$	2,240	Accrued expenses
Deferred franchise fees unopened salons	31		40		Accrued expenses
Deferred franchise fees open salons	5,901		5,884		Accrued expenses
Total current deferred revenue:	$	8,082	$	8,164
Non-current
Deferred franchise fees unopened salons	$	5,824	$	6,571	Other non-current liabilities
Deferred franchise fees open salons	31,101		32,365		Other non-current liabilities
Total non-current deferred revenue	$	36,925	$	38,936

Rollforward of allowance for doubtful accounts

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

Balance as of June 30, 2021	$	7,774
Provision for doubtful accounts (1)	237
Provision for franchisee rent (2)	364
Reclass of accrued rent (3)	396
Write-offs	(102)
Balance as of September 30, 2021	$	8,669

_______________________________________________________________________________

(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.

(3)The reclass of accrued rent represents franchisee rent obligations guaranteed by the Company that were unbilled and deemed unrecoverable as of June 30, 2021. The amounts were billed in fiscal year 2022 and the related accrual was reclassified to the allowance for doubtful accounts.

Broker fees

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

Balance as of June 30, 2021	$	19,254
Additions	25
Amortization	(862)
Write-offs	(145)
Balance as of September 30, 2021	$	18,272

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, 2021 is as follows (in thousands):

Remainder of 2022	$	4,391
2023	5,866
2024	5,631
2025	5,246
2026	4,776
Thereafter	11,092
Total	$	37,002