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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Revenues:        
Franchise rental income $ 33,772 $ 32,285 $ 67,534 $ 64,568
Total revenues 70,256 104,320 148,012 215,716
Operating expenses:        
General and administrative 15,984 26,690 37,773 52,837
Rent 33,800 32,300 67,500 64,600
Advertising fund expense 8,021 4,715 16,136 9,224
Company-owned salon expense 5,067 33,611 13,011 76,554
Depreciation and amortization 1,980 6,388 3,849 13,764
Long-lived asset impairment 52 3,160 215 8,984
Total operating expenses 71,383 131,075 154,941 274,061
Operating loss (1,127) (26,755) (6,929) (58,345)
Other (expense) income:        
Interest expense (3,449) (3,701) (6,755) (7,463)
Loss from sale of salon assets to franchisees, net (615) (3,226) (1,695) (3,888)
Interest income and other, net 99 403 (140) 517
Loss from operations before income taxes (5,092) (33,279) (15,519) (69,179)
Income tax benefit 164 400 213 1,035
Net loss $ (4,928) $ (32,879) $ (15,306) $ (68,144)
Basic and diluted:        
Net loss per share, basic (in dollars per share) [1] $ (0.11) $ (0.92) $ (0.37) $ (1.90)
Net loss per share, diluted (in dollars per share) [1] $ (0.11) $ (0.92) $ (0.37) $ (1.90)
Weighted average common and common equivalent shares outstanding:        
Basic (in shares) 45,721 35,931 41,274 35,889
Diluted (in shares) 45,721 35,931 41,274 35,889
Non-Franchise Lease        
Operating expenses:        
Rent $ 3,088 $ 12,902 $ 4,891 $ 26,127
Franchisor        
Operating expenses:        
Rent 33,772 32,285 67,534 64,568
Royalties        
Revenues:        
Revenues 16,125 12,749 32,726 24,154
Fees        
Revenues:        
Revenues 4,867 2,438 8,132 4,480
Advertising fund contributions        
Revenues:        
Revenues 8,021 4,715 16,136 9,224
Franchisees products        
Revenues:        
Revenues 2,428 14,236 10,436 27,978
Operating expenses:        
Cost of product sales to franchisees 3,419 11,324 11,532 22,003
Company owned salon products and services        
Revenues:        
Revenues 5,043 37,897 13,048 85,312
Operating expenses:        
Company-owned salon expense [2] $ 5,067 $ 33,611 $ 13,011 $ 76,554
[1] Total is a recalculation; line items calculated individually may not sum to total due to rounding.
[2] Includes cost of service and product sold to guests in our Company-owned salons. Excludes general and administrative expense, rent and depreciation and amortization related to Company-owned salons