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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands
12 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2009
Cash flows from operating activities:      
Net (loss) income $ (8,905) $ 42,740 $ (124,466)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation 88,602 92,466 105,145
Amortization 9,826 9,870 9,871
Equity in (income) loss of affiliated companies (7,228) (11,942) 28,940
Dividends received from affiliated companies 10,023 2,404 906
Deferred income taxes (14,711) 5,115 (3,843)
Impairment on discontinued operations   (154) 183,289
Goodwill impairment 74,100 35,277 41,661
Salon asset impairments 6,681 6,428 10,201
Note receivable bad debt expense 31,227    
Excess tax benefits from stock-based compensation plans (67) (243) (163)
Stock-based compensation 9,596 9,337 7,525
Amortization of debt discount and financing costs 6,469 6,406  
Other noncash items affecting earnings 1,578 (3,153) (3,405)
Changes in operating assets and liabilities:      
Receivables (2,358) [1] 1,192 [1] (12,104) [1]
Inventories 4,629 [1] 4,823 [1] 7,128 [1]
Income tax receivable 23,855 [1] 957 [1] (34,652) [1]
Other current assets 4,725 [1] 2,657 [1] (52) [1]
Other assets (11,050) [1] (14,951) [1] (1,327) [1]
Accounts payable (2,973) [1] (4,966) [1] (3,613) [1]
Accrued expenses 3,341 [1] 6,006 [1] (23,364) [1]
Other noncurrent liabilities 1,818 [1] 1,954 [1] 387 [1]
Net cash provided by operating activities 229,178 192,223 188,064
Cash flows from investing activities:      
Capital expenditures (71,469) (57,821) (73,574)
Proceeds from sale of assets 626 70 77
Asset acquisitions, net of cash acquired and certain obligations assumed (17,990) (3,664) (40,051)
Proceeds from loans and investments 16,804 16,099 19,008
Disbursements for loans and investments (72,301)   (20,971)
Freestanding derivative settlement   736  
Net cash used in investing activities (144,330) (44,580) (115,511)
Cash flows from financing activities:      
Borrowings on revolving credit facilities   337,000 6,391,100
Payments on revolving credit facilities   (342,000) (6,525,200)
Proceeds from issuance of long-term debt, net of $5.2 million underwriting discount   167,325 85,000
Repayments of long-term debt and capital lease obligations (137,671) (349,175) (92,504)
Excess tax benefits from stock-based compensation plans 67 243 163
Proceeds from issuance of common stock, net of $7.2 million underwriting discount 682 159,498 3,894
Dividends paid (11,509) (9,146) (6,912)
Other   (2,878) (3,848)
Net cash used in financing activities (148,431) (39,133) (148,307)
Effect of exchange rate changes on cash and cash equivalents 7,975 823 (9,335)
(Decrease) increase in cash and cash equivalents (55,608) 109,333 (85,089)
Cash and cash equivalents:      
Beginning of year 151,871 42,538 127,627
End of year $ 96,263 $ 151,871 $ 42,538
[1] Changes in operating assets and liabilities exclude assets acquired and liabilities assumed through acquisitions