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LEASES (Tables)
 6 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Real Estate Taxes and Other Occupancy Expenses Total rent includes the following:
Three Months Ended December 31,Six Months Ended December 31,
2021202020212020
(Dollars in thousands)
Office and warehouse rent $1,248 $1,194 $2,917 $2,397 
Lease termination expense (1)238 1,117 1,578 6,670 
Lease liability benefit (2)(496)(2,226)(2,927)(8,286)
Franchise salon rent246 440 575 1,158 
Company-owned salon rent1,852 12,377 2,748 24,188 
Total$3,088 $12,902 $4,891 $26,127 
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(1)During the three months ended December 31, 2021, the Company incurred costs of $0.2 million to exit salons before the lease end date in order to relieve the Company of future lease obligations. During the six months ended December 31, 2021, the Company paid $0.9 million to exit its distribution centers before the lease end dates and incurred costs of $0.7 million to exit salons before the lease end date in order to relieve the Company of future lease obligations. For the three and six months ended December 31, 2020, lease termination fees includes $2.2 and $4.6 million, respectively, of early termination payments to close salons before the lease end date to relieve the Company of future lease obligations and $(1.1) and $2.0 million, respectively, of adjustments to accrue future lease payments for salons that are no longer operating.
(2)Upon termination of previously impaired leases, the Company derecognizes the corresponding ROU assets and lease liabilities which results in a net gain. In addition, the Company recognizes a benefit from lease liabilities decreasing in excess of previously impaired ROU assets for ongoing leases that were previously impaired.
Lessor, Future Operating Lease Commitments
As of December 31, 2021, future operating lease commitments, including one renewal option for leases expected to be renewed, to be paid and received by the Company were as follows (in thousands):
Fiscal YearLeases for Franchise SalonsLeases for Company-owned SalonsCorporate LeasesTotal Operating Lease PaymentsSublease Income To Be Received From FranchiseesNet Rent Commitments
Remainder of 2022$64,122 $2,548 $1,163 $67,833 $(64,122)$3,711 
2023116,691 4,361 2,365 123,417 (116,691)6,726 
2024102,001 2,579 1,486 106,066 (102,001)4,065 
202585,465 808 1,525 87,798 (85,465)2,333 
202672,253 447 1,563 74,263 (72,253)2,010 
Thereafter180,236 499 6,498 187,233 (180,236)6,997 
Total future obligations$620,768 $11,242 $14,600 $646,610 $(620,768)$25,842 
Less amounts representing interest75,330 619 2,140 78,089 
Present value of lease liabilities$545,438 $10,623 $12,460 $568,521 
Less current lease liabilities104,122 4,606 1,869 110,597 
Long-term lease liabilities$441,316 $6,017 $10,591 $457,924 
Lessee, Future Operating Lease Commitments
As of December 31, 2021, future operating lease commitments, including one renewal option for leases expected to be renewed, to be paid and received by the Company were as follows (in thousands):
Fiscal YearLeases for Franchise SalonsLeases for Company-owned SalonsCorporate LeasesTotal Operating Lease PaymentsSublease Income To Be Received From FranchiseesNet Rent Commitments
Remainder of 2022$64,122 $2,548 $1,163 $67,833 $(64,122)$3,711 
2023116,691 4,361 2,365 123,417 (116,691)6,726 
2024102,001 2,579 1,486 106,066 (102,001)4,065 
202585,465 808 1,525 87,798 (85,465)2,333 
202672,253 447 1,563 74,263 (72,253)2,010 
Thereafter180,236 499 6,498 187,233 (180,236)6,997 
Total future obligations$620,768 $11,242 $14,600 $646,610 $(620,768)$25,842 
Less amounts representing interest75,330 619 2,140 78,089 
Present value of lease liabilities$545,438 $10,623 $12,460 $568,521 
Less current lease liabilities104,122 4,606 1,869 110,597 
Long-term lease liabilities$441,316 $6,017 $10,591 $457,924