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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Revenues:    
Franchise rental income $ 130,777 $ 127,392
Revenues, Total 275,967 411,651
Operating expenses:    
Inventory reserve [1] 7,655 0
General and administrative 65,274 96,427
Advertising fund expense 32,573 22,023
Company-owned salon expense 21,952 141,204
Depreciation and amortization 6,224 21,749
Long-lived asset impairment 542 13,023
Goodwill impairment (Note 5) 13,120 0
Total operating expenses 304,865 506,328
Operating loss (28,898) (94,677)
Other (expense) income:    
Interest expense (12,914) (13,163)
Loss from sale of salon assets to franchisees, net (2,334) (16,696)
Interest income and other, net (296) 15,902
Loss from operations before income taxes (44,442) (108,634)
Income tax (expense) benefit (2,017) 5,428
Loss from continuing operations (46,459) (103,206)
Loss from discontinued operations, net of income taxes (Note 3) (39,398) (10,125)
Net loss $ (85,857) $ (113,331)
Basic and diluted:    
Loss from continuing operations (in dollars per share) $ (1.07) $ (2.87)
Income from discontinued operations (in dollars per share) (0.90) (0.28)
Net loss per share, basic (in dollars per share) [2] (1.97) (3.15)
Net loss per share, diluted (in dollars per share) [2] $ (1.97) $ (3.15)
Weighted average common and common equivalent shares outstanding:    
Basic (in shares) 43,582 35,956
Diluted (in shares) 43,582 35,956
Non Franchise Lease    
Operating expenses:    
Rent $ 9,357 $ 40,754
Franchisor    
Operating expenses:    
Rent 130,777 127,392
Royalties    
Revenues:    
Revenues 65,753 52,357
Fees    
Revenues:    
Revenues 11,587 10,215
Franchisees Products    
Revenues:    
Revenues 15,072 56,699
Operating expenses:    
Cost of product sales to franchisees 17,391 43,756
Inventory reserve 7,655  
General and administrative   96,427
Advertising fund contributions    
Revenues:    
Revenues 32,573 22,023
Company-owned salon revenue    
Revenues:    
Revenues 20,205 142,965
Operating expenses:    
Company-owned salon expense [3] $ 21,952 $ 141,204
[1] Includes charges in the third and fourth quarter associated with liquidation of distribution center inventory. Excludes reserves for inventory at salons.
[2] Total is a recalculation; line items calculated individually may not sum to total due to rounding.
[3] 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.