REVENUE RECOGNITION (Tables)

9 Months Ended

Mar. 31, 2024

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 current revenue recognition guidance is as follows:

	March 31, 2024		June 30, 2023		Balance Sheet Classification
	(Dollars in thousands)
Receivables from contracts with customers, net	$	6,746	$	5,683	Receivables, net
Broker fees	10,054		12,471		Other assets
Deferred revenue:
Current
Gift card liability	$	1,675	$	1,823	Accrued expenses
Deferred franchise fees open salons	4,973		5,325		Accrued expenses
Total current deferred revenue	$	6,648	$	7,148
Non-current
Deferred franchise fees unopened salons	$	1,930	$	2,312	Other non-current liabilities
Deferred franchise fees open salons	16,294		20,839		Other non-current liabilities
Total non-current deferred revenue	$	18,224	$	23,151

Broker fees

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

	Nine Months Ended March 31,
	2024		2023
	(Dollars in thousands)
Balance at beginning of period	$	12,471	$	15,592
Amortization	(2,099)		(2,374)
Write-offs	(318)		—
Balance at end of period	$	10,054	$	13,218

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 March 31, 2024 is as follows (dollars in thousands):

Remainder of 2024	$	1,243
2025	4,763
2026	4,297
2027	3,834
2028	3,004
Thereafter	4,126
Total	$	21,267