REVENUE RECOGNITION (Tables)

12 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Schedule of receivables, broker fees and deferred revenue

Information about receivables, broker fees and deferred revenue subject to the revenue recognition guidance is as follows:

	June 30, 2023		June 30, 2022		Balance Sheet Classification
	(Dollars in thousands)
Receivables from contracts with customers, net	$	5,683	$	10,263	Receivable, net
Broker fees	12,471		15,592		Other assets
Deferred revenue:
Current
Gift card liability	$	1,823	$	2,037	Accrued expenses
Deferred franchise fees open salons	5,325		5,770		Accrued expenses
Total current deferred revenue	$	7,148	$	7,807
Non-current
Deferred franchise fees unopened salons	$	2,312	$	3,211	Other non-current liabilities
Deferred franchise fees open salons	20,839		26,827		Other non-current liabilities
Total non-current deferred revenue	$	23,151	$	30,038

Allowance for doubtful accounts

The following table is a rollforward of the allowance for doubtful accounts for the periods indicated:

	Fiscal Years
	2023		2022
	(Dollars in thousands)
Balance at beginning of period	$	6,559	$	7,774
Provision for doubtful accounts (1)	608		967
Provision for franchisee rent (2)	1,358		1,421
Reclass of accrued rent (3)	325		149
Other	106		—
Write-offs	(1,659)		(3,752)
Balance at end of period	$	7,297	$	6,559

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(1)The provision for doubtful accounts is recognized as general and administrative expense in the Consolidated Statements of Operations.

(2)The provision for franchisee rent is recognized as rent in the Consolidated Statements of Operations.

(3)The reclass of accrued rent represents franchisee rent obligations guaranteed by the Company that were unbilled and deemed unrecoverable as of June 30, 2021. The amounts billed in fiscal years 2023 and 2022 and the related accrual was reclassified to allowance for doubtful accounts.

Broker fees

The following table is a rollforward of the broker fee balance for the periods indicated:

	Fiscal Years
	2023		2022
	(Dollars in thousands)
Balance at beginning of period	$	15,592	$	19,254
Additions	—		25
Amortization	(3,100)		(3,189)
Write-offs	(21)		(498)
Balance at end of period	$	12,471	$	15,592

Estimated revenue expected to be recognized

Estimated revenue expected to be recognized in the future related to deferred franchise fees for open salons as of June 30, 2023 is as follows (in thousands):

2024	$	5,325
2025	4,954
2026	4,481
2027	4,021
2028	3,357
Thereafter	4,026
Total	$	26,164