INVESTMENTS IN AND LOANS TO AFFILIATES (Tables)

12 Months Ended

Jun. 30, 2011

	Provalliance			Empire Education Group, Inc.			MY Style			Hair Club for Men, Ltd.			Total

	(Dollars in thousands)
Balance at June 30, 2009	$	82,135		$	111,451		$	12,718		$	5,096		$	211,400
Payment of loans by affiliates		—			(15,000	)		—			—			(15,000	)
Equity in income of affiliated companies, net of income taxes(1)		4,134			6,431			—			909			11,474
Cash dividends received		(1,141	)		—			—			(1,263	)		(2,404	)
Other, primarily translation adjustments		(9,647	)		—			(602	)		565			(9,684	)

Balance at June 30, 2010	$	75,481		$	102,882		$	12,116		$	5,307		$	195,786
Acquisition of additional interest(3)		57,301			—			—			—			57,301
Payment of loans by affiliates		—			(15,000	)		—			—			(15,000	)
Loans to affiliates		—			15,000			—			—			15,000
Equity in income of affiliated companies, net of income taxes(2)		7,752			5,463			—			567			13,782
Other than temporary impairment(4)		—			—			(9,173	)		—			(9,173	)
Cash dividends received		(4,814	)		(4,129	)		—			(1,080	)		(10,023	)
Other, primarily translation adjustments		13,525			324			(733	)		351			13,467

Balance at June 30, 2011	$	149,245		$	104,540		$	2,210		$	5,145		$	261,140

Percentage ownership at June 30, 2011		46.7	%		55.1	%		—			50.0	%


(1): Equity in income of affiliated companies, net of income taxes per the Consolidated Statement of Operations includes $4.1 million in equity income of Provalliance and $0.5 million for the increase in the Provalliance equity put valuation.
(2): Equity in income of affiliated companies, net of income taxes per the Consolidated Statement of Operations includes $7.8 million in equity income of Provalliance and a $2.4 million gain for the decrease in the Provalliance equity put valuation.
(3): In March of 2011, the Company elected to honor and settle a portion of the equity put option and acquired approximately 17 percent additional equity interest in Provalliance for $57.3 million (€ 40.4 million), bringing the Company's total equity interest to approximately 47 percent.
(4): Due to the natural disasters in Japan that occurred in March 2011, the Company was required to assess the preferred shares and premium for other than temporary impairment. As a result, the Company recorded an other than temporary impairment during the twelve months ended June 30, 2011 for the carrying value of the preferred shares and premium of $3.9 million (326,700,000 Yen) and $5.3 million (435,000,000 Yen), respectively. Of the total impairment, $9.0 million was recorded through the equity in income of affiliated companies and $0.2 million was recorded through the interest income and other, net, line items in the Consolidated Statement of Operations.

	Equity Method Investee Greater Than 50 Percent Owned						Equity Method Investees Less Than 50 Percent Owned

	2011		2010		2009		2011		2010		2009
	(Dollars in thousands)
Summarized Balance Sheet Information:
Current assets	$	34,715	$	35,070	$	34,990	$	93,280	$	74,040	$	109,700
Noncurrent assets		113,249		105,469		99,858		314,127		263,472		313,763
Current liabilities		29,340		27,458		25,583		109,416		91,077		137,169
Noncurrent liabilities		33,658		32,017		39,661		98,269		93,055		115,067
Summarized Statement of Operations Information:
Gross revenue	$	192,864	$	176,535	$	153,693	$	283,442	$	299,188	$	290,978
Gross profit		73,068		64,661		48,173		120,992		123,210		124,361
Operating income		18,994		19,752		7,656		30,084		21,227		19,047
Net income		11,023		11,082		3,611		21,154		14,763		13,295

		Carrying Value at June 30,

	Classification	2011		2010
		(Dollars in thousands)
Investment in Provalliance	Investment in and loans to affiliates	$	149,245	$	75,481
Equity Put Option	Other noncurrent liabilities		22,700		22,009

		For the Twelve Months Ended June 30,

	Classification	2011		2010		2009
		(Dollars in thousands)
Other than temporary impairment(1)	Equity in income (loss) of affiliated companies, net of income taxes	$	—	$	—	$	(25,732	)
Equity in income, net of income taxes	Equity in income (loss) of affiliated companies, net of income taxes		7,752		4,134		1,979


(1): Due to increased debt and reduced earnings expectations, the Company could no longer justify the carrying amount of its investment in Provalliance and recorded a $25.7 million other than temporary impairment charge in its fourth quarter ended June 30, 2009. The exposure to loss related to the Company's involvement with Provalliance is the carrying value of the investment and future changes in fair value of the Equity Put.

		For the Twelve Months Ended June 30,

	Classification	2011			2010			2009
		(Dollars in thousands)
Equity in income, net of income taxes	Equity in income of affiliated companies	$	(7,752	)	$	(4,134	)	$	(1,979	)
Cash dividends received	Dividends received from affiliated companies		4,814			1,141			—