BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2023

In fiscal years 2023, 2022 and 2021, the Company received the following assistance:


		Fiscal Years
		2023		2022		2021

	Financial Statement Caption	(Dollars in thousands)
Canadian rent relief	Rent	$	—	$	1,235	$	—
Canadian wage relief	Company-owned salon expense	—		1,966		1,629
U.S. employee retention payroll tax credit	Company-owned salon expense	—		—		1,547
North Carolina COVID-19 grant	Other, net	1,106		—		—

Cash and Cash Equivalents

The table below reconciles the cash and cash equivalents balances and restricted cash balances, recorded within other current assets on the Consolidated Balance Sheets to the amount of cash, cash equivalents and restricted cash reported on the Consolidated Statements of Cash Flows:


	June 30,
	2023		2022

	(Dollars in thousands)
Cash and cash equivalents	$	9,508	$	17,041
Restricted cash, included in other current assets	11,888		10,423
Total cash, cash equivalents and restricted cash	$	21,396	$	27,464

Restricted Cash


	June 30,
	2023		2022

	(Dollars in thousands)
Cash and cash equivalents	$	9,508	$	17,041
Restricted cash, included in other current assets	11,888		10,423
Total cash, cash equivalents and restricted cash	$	21,396	$	27,464

Advertising Costs

The Company's advertising costs included in the Consolidated Statements of Operations consist of the following:


	Fiscal Years
	2023		2022		2021

	(Dollars in thousands)
Advertising fund contributions from franchisees	$	31,747	$	32,573	$	22,023
Advertising fund contributions from company-owned salons (1)	105		154		897
Corporate funded advertising costs (1)	264		671		7,015
Total advertising costs	$	32,116	$	33,398	$	29,935

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(1)Included in general and administrative in the Consolidated Statements of Operations.