GOODWILL

12 Months Ended

Jun. 30, 2012

5. GOODWILL

The table below contains details related to the Company's recorded goodwill for the years ended June 30, 2012 and 2011:

	Salons

	Salons						Hair Restoration Centers
	North America			International			Hair Restoration Centers			Consolidated
	(Dollars in thousands)
Gross goodwill at June 30, 2010	$	700,012		$	41,661		$	150,380		$	892,053
Accumulated impairment losses		(113,403	)		(41,661	)		—			(155,064	)

Net goodwill at June 30, 2010		586,609			—			150,380			736,989

Goodwill acquired(1)		10,070			—			2,419			12,489
Translation rate adjustments		5,137			—			(3	)		5,134
Goodwill impairment(2)		(74,100	)		—			—			(74,100	)

Gross goodwill at June 30, 2011		715,219			41,661			152,796			909,676
Accumulated impairment losses		(187,503	)		(41,661	)		—			(229,164	)

Net goodwill at June 30, 2011		527,716			—			152,796			680,512

Goodwill acquired(1)		4,978			—			—			4,978
Translation rate adjustments		(2,731	)		—			6			(2,725	)
Goodwill impairment(3)(4)		(67,684	)		—			(78,426	)		(146,110	)

Gross goodwill at June 30, 2012		717,466			41,661			152,802			911,929
Accumulated impairment losses		(255,187	)		(41,661	)		(78,426	)		(375,274	)

Net goodwill at June 30, 2012	$	462,279		$	—		$	74,376		$	536,655

(1): See Note 4 to the Consolidated Financial Statements.
(2): As a result of the Company's annual impairment testing of goodwill, a $74.1 million impairment charge was recorded within continuing operations for the excess of the carrying value of goodwill over the implied fair value of goodwill for the Promenade salon concept.
(3): As a result of the Company's interim impairment testing of goodwill during the three months ended December 31, 2011, a $78.4 million impairment charge was recorded within continuing operations for the excess of the carrying value of goodwill over the implied fair value of goodwill for the Hair Restoration Centers reporting unit.
(4): As a result of the Company's annual impairment testing of goodwill, a $67.7 million impairment charge was recorded within continuing operations for the excess of the carrying value of goodwill over the implied fair value of goodwill for the Regis salon concept.