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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Revenues:    
Franchise rental income $ 30,330 $ 33,762
Total revenues 61,871 76,818
Operating expenses:    
General and administrative 14,361 20,784
Rent 30,300 33,800
Advertising fund expense 8,251 8,114
Company-owned salon expense 2,985 7,945
Depreciation and amortization 1,251 1,539
Long-lived asset impairment 0 163
Total operating expenses 59,401 81,702
Operating income (loss) 2,470 (4,884)
Other expense:    
Interest expense (3,817) (3,127)
Loss from sale of salon assets to franchisees, net 0 (1,080)
Other, net (463) (239)
Loss from operations before income taxes (1,810) (9,330)
Income tax (expense) benefit (28) 48
Loss from continuing operations (1,838) (9,282)
Income (loss) from discontinued operations (Note 3) 3,306 (1,096)
Net income (loss) $ 1,468 $ (10,378)
Basic and diluted:    
Loss from continuing operations (in dollars per share) $ (0.04) $ (0.25)
Income from discontinued operations (in dollars per share) 0.07 (0.03)
Net income (loss) per share, basic (in dollars per share) [1] 0.03 (0.28)
Net income (loss) per share, diluted (in dollars per share) [1] $ 0.03 $ (0.28)
Weighted average common and common equivalent shares outstanding:    
Basic (in shares) 46,054 36,850
Diluted (in shares) 46,054 36,850
Non-Franchise Lease    
Operating expenses:    
Rent $ 1,753 $ 1,747
Franchisor    
Operating expenses:    
Rent 30,330 33,762
Royalties    
Revenues:    
Revenues 17,180 16,602
Fees    
Revenues:    
Revenues 2,553 2,327
Franchisees products    
Revenues:    
Revenues 443 8,008
Operating expenses:    
Cost of product sales to franchisees 470 7,648
Advertising fund contributions    
Revenues:    
Revenues 8,251 8,114
Company owned salon products and services    
Revenues:    
Revenues 3,114 8,005
Operating expenses:    
Company-owned salon expense [2] $ 2,985 $ 7,945
[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