LEASES (Tables)

12 Months Ended

Jun. 30, 2023

Leases [Abstract]

Schedule of Rent Expenses

Total rent from continuing operations includes the following:

	Fiscal Years
	2023		2022		2021
	(Dollars in thousands)
Office and warehouse rent	$	3,594	$	4,575	$	5,234
Lease termination expense (1)	1,627		1,835		13,544
Lease liability benefit (2)	(1,773)		(3,620)		(20,022)
Franchise salon rent	2,109		1,695		3,376
Company-owned salon rent	3,639		4,872		38,622
Total	$	9,196	$	9,357	$	40,754

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(1)During fiscal year 2023, the Company incurred costs of $1.6 million to exit salons before the lease end date in order to relieve the company of future lease obligations. 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, 2023, 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 Commitments		Sublease Income to be Received From Franchisees		Net Rent Commitments
2024	$	93,838	$	1,629	$	1,301	$	96,768	$	(93,838)	$	2,930
2025	78,344		677		1,334		80,355		(78,344)		2,011
2026	64,992		458		1,367		66,817		(64,992)		1,825
2027	55,273		229		1,401		56,903		(55,273)		1,630
2028	46,758		218		1,436		48,412		(46,758)		1,654
Thereafter	70,053		56		2,981		73,090		(70,053)		3,037
Total future obligations	$	409,258	$	3,267	$	9,820	$	422,345	$	(409,258)	$	13,087
Less amounts representing interest	46,970		240		1,317		48,527
Present value of lease liabilities	$	362,288	$	3,027	$	8,503	$	373,818
Less current lease liabilities	79,420		1,526		971		81,917
Long-term lease liabilities	$	282,868	$	1,501	$	7,532	$	291,901

Lessee, Future Operating Lease Commitments

As of June 30, 2023, 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 Commitments		Sublease Income to be Received From Franchisees		Net Rent Commitments
2024	$	93,838	$	1,629	$	1,301	$	96,768	$	(93,838)	$	2,930
2025	78,344		677		1,334		80,355		(78,344)		2,011
2026	64,992		458		1,367		66,817		(64,992)		1,825
2027	55,273		229		1,401		56,903		(55,273)		1,630
2028	46,758		218		1,436		48,412		(46,758)		1,654
Thereafter	70,053		56		2,981		73,090		(70,053)		3,037
Total future obligations	$	409,258	$	3,267	$	9,820	$	422,345	$	(409,258)	$	13,087
Less amounts representing interest	46,970		240		1,317		48,527
Present value of lease liabilities	$	362,288	$	3,027	$	8,503	$	373,818
Less current lease liabilities	79,420		1,526		971		81,917
Long-term lease liabilities	$	282,868	$	1,501	$	7,532	$	291,901

Operating Lease, Lease Income

Supplemental operating cash flow information and non-cash activity related to our operating leases are as follows:

	Fiscal Years
	2023		2022		2021
	(Dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities (1)	$	57,598	$	74,507	$	130,039
Right of use assets obtained in exchange for new lease liabilities	458		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. Other than Walmart, franchisees pay landlords directly.