LEASES (Tables)

12 Months Ended

Jun. 30, 2022

Leases [Abstract]

Schedule of Rent Expenses

	Fiscal Years
	2022		2021
	(Dollars in thousands)
Office and warehouse rent	$	4,575	$	5,234
Lease termination expense (1)	1,835		13,544
Lease liability benefit (2)	(3,620)		(20,022)
Franchise salon rent	1,695		3,376
Company-owned salon rent	4,872		38,622
Total	$	9,357	$	40,754

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(1)During fiscal year 2022, lease termination expense includes $0.9 million to exit the Company's distribution centers before the lease end dates and $0.9 million to exit salons before the lease end dates in order to relieve the Company of future lease obligations. During fiscal year 2021, lease termination fees include $8.3 million of early termination payments to close salons before the lease end date to relieve the Company of future lease obligations and $5.3 million 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 June 30, 2022, 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 Year	Leases For Franchise Salons		Leases For Company-Owned Salons		Corporate Leases		Total Operating Lease Payments		Sublease Income To Be Received From Franchisees		Net Rent Commitments
2023	$	116,644	$	3,590	$	2,229	$	122,463	$	(116,644)	$	5,819
2024	102,360		2,049		1,301		105,710		(102,360)		3,350
2025	85,788		710		1,334		87,832		(85,788)		2,044
2026	72,155		385		1,367		73,907		(72,155)		1,752
2027	61,698		143		1,401		63,242		(61,698)		1,544
Thereafter	122,570		256		4,417		127,243		(122,570)		4,673
Total future obligations	$	561,215	$	7,133	$	12,049	$	580,397	$	(561,215)	$	19,182
Less amounts representing interest	66,693		361		1,702		68,756
Present value of lease liabilities	$	494,522	$	6,772	$	10,347	$	511,641
Less current lease liabilities	97,954		3,399		1,843		103,196
Long-term lease liabilities	$	396,568	$	3,373	$	8,504	$	408,445

Lessee, Future Operating Lease Commitments

As of June 30, 2022, 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 Year	Leases For Franchise Salons		Leases For Company-Owned Salons		Corporate Leases		Total Operating Lease Payments		Sublease Income To Be Received From Franchisees		Net Rent Commitments
2023	$	116,644	$	3,590	$	2,229	$	122,463	$	(116,644)	$	5,819
2024	102,360		2,049		1,301		105,710		(102,360)		3,350
2025	85,788		710		1,334		87,832		(85,788)		2,044
2026	72,155		385		1,367		73,907		(72,155)		1,752
2027	61,698		143		1,401		63,242		(61,698)		1,544
Thereafter	122,570		256		4,417		127,243		(122,570)		4,673
Total future obligations	$	561,215	$	7,133	$	12,049	$	580,397	$	(561,215)	$	19,182
Less amounts representing interest	66,693		361		1,702		68,756
Present value of lease liabilities	$	494,522	$	6,772	$	10,347	$	511,641
Less current lease liabilities	97,954		3,399		1,843		103,196
Long-term lease liabilities	$	396,568	$	3,373	$	8,504	$	408,445

Operating Lease, Lease Income

	Fiscal Years
	2022		2021
	(Dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities (1)	$	74,507	$	130,039
Right of use assets obtained in exchange for new lease liabilities	2,011		4,242

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(1)Cash paid for amounts included in the measurement of lease liabilities includes rent, termination fees, settlements and legal fees, and commission payments.