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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Revenues:      
Franchise rental income $ 111,441 $ 130,777 $ 127,392
Revenues, Total 233,326 275,967 411,651
Operating expenses:      
Inventory reserve 1,228 7,655 0
General and administrative 50,751 65,274 96,427
Advertising fund expense 31,747 32,573 22,023
Depreciation and amortization 7,716 6,224 21,749
Long-lived asset impairment 101 542 13,023
Goodwill impairment (Note 5) 0 13,120 0
Total operating expenses 224,547 304,865 506,328
Operating income (loss) 8,779 (28,898) (94,677)
Other (expense) income:      
Interest expense (22,141) (12,914) (13,163)
Loss from sale of salon assets to franchisees, net 0 (2,334) (16,696)
Other, net 1,364 (296) 15,902
Loss from operations before income taxes (11,998) (44,442) (108,634)
Income tax benefit (expense) 655 (2,017) 5,428
Loss from continuing operations (11,343) (46,459) (103,206)
Income (loss) from discontinued operations (Note 3) 3,958 (39,398) (10,125)
Net loss $ (7,385) $ (85,857) $ (113,331)
Basic and diluted:      
Loss from continuing operations (in dollars per share) $ (0.25) $ (1.07) $ (2.87)
Income from discontinued operations (in dollars per share) 0.09 (0.90) (0.28)
Net loss per share, basic (in dollars per share) [1] (0.16) (1.97) (3.15)
Net loss per share, diluted (in dollars per share) [1] $ (0.16) $ (1.97) $ (3.15)
Weighted average common and common equivalent shares outstanding:      
Basic (in shares) 46,235 43,582 35,956
Diluted (in shares) 46,235 43,582 35,956
Non Franchise Lease      
Operating expenses:      
Rent $ 9,196 $ 9,357 $ 40,754
Franchisor      
Operating expenses:      
Rent 111,441 130,777 127,392
Royalties      
Revenues:      
Revenues 65,981 65,753 52,357
Fees      
Revenues:      
Revenues 11,266 11,587 10,215
Franchisees products      
Revenues:      
Revenues 2,802 15,072 56,699
Operating expenses:      
Cost of product sales to franchisees 3,540 17,391 43,756
Advertising fund contributions      
Revenues:      
Revenues 31,747 32,573 22,023
Company-owned salon revenue      
Revenues:      
Revenues 10,089 20,205 142,965
Operating expenses:      
Company-owned salon expense [2] $ 8,827 $ 21,952 $ 141,204
[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.